Motivatology

http://www.forwardnigeria.ng/40m_nigerians_can_afford_cars_under_jonathan_okonjo_iweala After reading piece contained in above link i can't but make some comments. In my several years of studying macro and micro economy I have not see any economy where car ownership by citizen is solely used as determinant of economic development. Interestingly while writing this am standing on a mass transit bus , in the usual Lagos evening hold up. Of course I have to pack my car some weeks ago having experienced terrible hold up for the last 5 weeks. So back to the subject how does ownership of 40m cars translate to economic development. I guess included in the cars are Tokunbos, second hand and other rickety cars. I beg to ask what is the essence of car when: 1. You are scared to drive them for hold up 2. Roads are bad and scarcely maintained 3. Fueling cost outrageous despite the fact that Nigeria is a oil producing nation. 4. Driving cars in Nigeria is one of the riskiest advent...

GTBank Targets N120bn Profit Before Tax in 2015 The management of Guaranty Trust Bank Plc has set a profit before tax target of N120 billion for the 2015, which is only 3.4 per cent higher than N116 billion recorded for 2014. GTBank is one of the two banks that first declared their 2014 financial results, impressing stakeholders with improved bottom lines.  The bank ended 2014 with PBT of N116 billion and profit after tax of N98.7 billion. www.thisdaylive.com

By Olumide Solate. Often times taxpayers have little or no knowledge of the basic requirements for filing their tax returns as well as the consequences for late filing on these returns. Below is a breakdown of the requirements for filing your tax returns, their due dates and penalties for late filing as it applies to various tax types. Requirements for filing Company Income Tax (CIT) In line with Section 55 of the Companies Income Tax Act (CITA) LFN 2004 (as amended), all taxpayers including those granted exemption from tax, are required to file their tax returns to the relevant tax authority every year. The tax returns shall consist of audited accounts (financial statement) of the business for the preceding accounting year and must be accompanied by: Income tax computations Capital allowance computations Schedules of fixed assets True and correct statement in writing containing amount of profit from each and every source A duly completed self-assessment form signed b...

Section 81 (2) of PITA (as amended) and Regulation 10 of the operation of PAYE regulations provide that an employer shall render to the relevant tax authority a return on each employee showing total emoluments of each employee during the year, the tax relief, if any, and the total tax deducted from the employee. This is to be done on a Form H1 or such other form as may be approved or prescribed by the relevant tax authority. Due Date Annual PAYE returns should be filed not later than January 31 in respect of all employees of the employer in the preceding year. Penalties for late filing of annual returns of PAYE (by employers) Section 81 (3) of PITA stipulates a penalty of N500,000 for corporate bodies and N50,000 for individuals upon conviction. Requirements for filing monthly PAYE returns (by employers) The schedule to be attached to the payment and evidence of remittance should contain the following information: a) Taxpayer information (employer): I. Taxpayer/age...

Open Heavens 2015 Tuesday March 3   IT IS FOR YOUR GOOD   Memorise: The law of the LORD is perfect, converting the soul: the testimony of the LORD is sure, making wise the simple. Psalm 19:7   Read: 2 Timothy 3:15-17 15  And that from a child thou hast known the holy scriptures, which are able to make thee wise unto salvation through faith which is in Christ Jesus.   16  All scripture is given by inspiration of God, and is profitable for doctrine, for reproof, for correction, for instruction in righteousness:   17  That the man of God may be perfect, throughly furnished unto all good works. Bible in one year: Ezekiel 28:25-30:26; Revelation 12   Message Getting your breakthrough does not necessarily depend on the discovery of new methods, but on receiving fresh revelations from the Word of God. Every revelation from the Word produces a manifestation in the lives of individuals, and consequently in the life of a nation. While many view God’s Word as ordinary, a few se...

Investment Investing when there is blood on the street does not appear to be a conventional idea. However learning from successful capital market investors suggests that this is the key to building wealth from the stock market! Baron Rothschild, an 18th century British nobleman and Patriarch of the Rothschild banking empire is credited with telling investors that the trick to making money is to “buy when there’s blood in the streets, even if the blood is your own.” Warren Buffet describes this more succinctly saying “If everyone agrees with your investment decisions, then it’s probably not a good one.” Considering the current low prices in the Nigeria Stock Exchange, we reckon that it is probably the best time to invest fundamentally in sound stocks. I don’t have a stockbroker, how then do I invest? You might wonder. Not to worry, http://etrade.capitalbancorpng.com allows you take control of your investment anywhere, using any internet enabled devices including personal co...