Ugodre Talks Figures: How to efficiently use taxation to boost profits

by Ugodre Obi-Chukwu They both used equity to finance their business and no debts yet his brother made more money than he did. Two brothers were given an equal share of their father’s wealth as he approached his death. They both followed the footsteps of their father and decided to engage in buying and selling.... Read More

Finance, investments, money, nigeria, Tax

August 27, 2012

Jimoh Ibrahim’s statement is a ‘litany of lies’ – Ray Ekpu and others

by Isi Esene The spat between billionaire businessman, Barrister Jimoh Ibrahim and the founding management board of Newswatch Magazine continued yesterday with the former owners, Ray Ekpu, Dan Agbese, Soji Akinrinade, and Yakubu Mohammed expressing their regret at the turn of events. Ibrahim had a few weeks back announced the sack of the former management... Read More

Dan Agbese, jimoh ibrahim, magazine, Newswatch, Ray Ekpu, shareholding, Soji Akinrinade, Tax, Yakubu Mohammed

July 16, 2012

Ugodre Talks Figures: Why you could pay tax for using your computer to stream videos

So if computer screens can basically do the same thing TV screens do, can they now be taxed?? In Nigeria as is most countries in the world, people are mandated to pay TV/Radio Licensing as a form of tax. In Nigeria, that tax is an exclusive revenue of the Local Governments Councils. The idea basically... Read More

computer, stream videos, Tax, Ugodre

April 6, 2012

“Most of the social critics do not pay tax” – Jonathan charges as he launches new policy

by Lekan Olanrewaju “…most of the social critics who come on television, radio and write in the paper don’t pay tax.” -President Goodluck Jonathan. President Goodluck Jonathan on Thursday launched a new National Tax Policy. This came as he launched the Unique Tax Identification Number in Abuja before the national economic council meeting. “Overall, what we seek... Read More

Goodluck, Tax, Tax Policy

April 1, 2012

Ugodre Talks Figures: How to avoid taxes in Nigeria

by Ugodre You know what they say; tax is the only constant thing in life along with rain. The Nigerian tax law provides several means by which one can avoid paying tax. This is not to be confused with tax evasion, which is considered illegal in Nigeria. Tax evasion refers to a deliberate act on... Read More

asset, Business, capital, export, Forex, investment, Tax

March 30, 2012

Opinion: Tax ’em all!

by Lucas Togan What is this entire hullabaloo about Bishop David Oyedepo launching an airline? If Christians don’t make exploits as such on earth who should? How are you supposed to make the religion attractive to this material crazed generation we find ourselves in today? Society expects you to live the life of a rap-star... Read More

Men-of-God, Oyedepo, profitable business, Tax

March 22, 2012

April Fools? Lagos State to clamp down on tax defaulters from 1st of April

by Lekan Olanrewaju The Lagos State Government on Tuesday announced it will begin to clamp down on tax offenders from the 1st of April. At a news conference in Ikeja, the Special Adviser to Governor Babatunde Fashola on Taxation, Bola Shodipo, announced that the government would begin to prosecute tax evaders and defaulters. “Out of about 20 million people living... Read More

FG, lagos state, Tax