It is called Value Added Tax It is very difficult to evade VAT due to BVN and Bank Statement exposures Amount payable to Government is calculated by computing 5% of your sales less 5% of your Purchases Deadline for (filling) VAT to Govt is 21st day of new month Failure to file before deadline date […]
The entire process for registering a business name normally takes 1-2 weeks, depending on the workload of the Corporate Affairs Commission and other factors. You may not need a lawyer or an agent to register a business name, however, if you want to register a company, you need the services of a lawyer or other […]
Trading on equity on the floor of the Nigerian Stock Exchange (NSE) closed yesterday on a positive note after two days of bearish trade, as the market capitalization added N52 billion to close at N12,100 trillion. The rebound is coming after Nigeria’s central bank left the benchmark interest rate unchanged at 14% in September. The […]
A member of Monetary Policy Committee (MPC), Dr Adedoyin Salami, has raised concern over the Central Bank of Nigeria (CBN)’s rise in financing of the government, thereby, limiting private sector access to credit. Salami, in a communiqué no 114, said monetary data shows a sharp rise in the extent of CBN financing of the government […]
The Chinese consulate in Nigeria has disclosed that trade value between the country and Nigeria has hit N2.3 trillion ($6.5 billion) in the first five months of 2017, an increase of 33 per cent, over the same period in 2016. Speaking at the 68th independence anniversary, the Consul General in Lagos, Mr Chao Xiaoliang, said […]
