Since you already have your CAC registered business name and TIN number, you're actually in a good position to file. Here's exactly what to do: Step 1 — Go to TaxProMax Visit taxpromax.gov.ng and create an account using your TIN number. This is FIRS's official filing platform. Step 2 — Prepare yourRead more
Since you already have your CAC registered business name and TIN number, you’re actually in a good position to file. Here’s exactly what to do:
Step 1 — Go to TaxProMax
Visit taxpromax.gov.ng and create an account using your TIN number. This is FIRS’s official filing platform.
Step 2 — Prepare your figures
Before you log in, write down:
Total income your business earned this year
Total expenses you spent running the business
The difference = your profit (that’s what gets taxed)
Even if you made little or no profit, you still file. It’s called a nil return.
Step 3 — File your return
Once logged in, select “File Tax Return”, enter your income and expense figures, then submit.
Step 4 — Pay if required
If your annual profit is above ₦300,000, a small tax applies starting at 7%. You can pay directly through the platform via Remita or your bank.
Important deadline: Returns for 2025 must be filed before March 31, 2026 so now is the right time.
If you find the online process confusing, you can also walk into any nearby FIRS office with your CAC certificate, TIN, and income details. They’ll guide you through it physically.
Okay… imagine this like an old grandma sitting outside in the evening, watching people trade tomatoes in the market. She no dey use big grammar. She just dey observe life. She go tell you like this: “My child… nobody truly knows the exact top. If person say he knows… hmm… be careful.” Think of stockRead more
Okay… imagine this like an old grandma sitting outside in the evening, watching people trade tomatoes in the market.
She no dey use big grammar. She just dey observe life.
She go tell you like this:
“My child… nobody truly knows the exact top.
If person say he knows… hmm… be careful.”
Think of stock like price of yam in market
Morning time, price dey go up
People dey rush buy
You go think: “Ah this thing go keep going o”
Then suddenly…
People stop buying
Some start selling
Price begin fall.
So how you go know the “peak”?
You no go know exact peak.
But you fit feel say it don near finish.
Grandma go say, watch these things:
1. When everybody don dey talk about am
If even your friend wey no sabi anything about stock come say:
“Guy this stock dey hot, buy now!”
Hmm…
That time, e don almost reach top.
Because: When everybody don enter… who remain to push am go up again?
2. When price don run too fast
If stock was: ₦10 → ₦15 → ₦25 → ₦40 (very fast)
No rest, no small drop… just flying
Grandma go say: “Anything wey climb too fast… go come down small to breathe”
3. When you see small small weakness
Before big fall comes…
You go first see:
Price go up small
Then drop small
Then struggle
Like person wey don tire but still dey try walk.
That is warning.
4. Have your own exit before you enter
This one important pass all.
Before you buy, tell yourself:
“I go sell when I see 20% profit” or
“I go sell if it drop 10%”
Because if you wait for perfect top…
Greed go hold you.
You go say: “Make it reach ₦50… make it reach ₦60…”
Earnings Per Share (EPS) is simply: How much profit a company makes for each share you own. That’s it. Strip away the big grammar, and that’s the idea. Now think about it like this… A company makes a profit, say ₦1,000,000. Then that profit is divided among all the shareholders. If the company has 1Read more
Earnings Per Share (EPS) is simply:
How much profit a company makes for each share you own.
That’s it. Strip away the big grammar, and that’s the idea.
Now think about it like this…
A company makes a profit, say ₦1,000,000.
Then that profit is divided among all the shareholders.
If the company has 100,000 shares, then:
EPS = ₦1,000,000 ÷ 100,000 = ₦10 per share
Meaning: If you own 1 share, your “portion” of the company’s profit is ₦10.
If you own 100 shares, your portion is ₦1,000.
But here’s the deeper way to look at it (this is where it starts sounding like her kind of thinking):
EPS is not just a number…
It answers a very important question:
“Is this company actually making meaningful profit for its owners?”
Because a company can shout:
“We made ₦10 billion profit!”
But if they have too many shares, that profit gets diluted.
So investors don’t just look at total profit.
They look at profit per share.
Why EPS matters
It helps you compare companies properly
It tells you if growth is real or just noise
It’s used to calculate things like P/E ratio (which helps decide if a stock is cheap or expensive)
Simple way to remember it
Think of EPS like:
“Your slice of the company’s profit cake.”
Some companies bake a big cake… but slice it into tiny pieces.
Others bake a smaller cake… but you get a thicker slice.
How Do I File Taxes for My Business Name in Nigeria?
Since you already have your CAC registered business name and TIN number, you're actually in a good position to file. Here's exactly what to do: Step 1 — Go to TaxProMax Visit taxpromax.gov.ng and create an account using your TIN number. This is FIRS's official filing platform. Step 2 — Prepare yourRead more
Since you already have your CAC registered business name and TIN number, you’re actually in a good position to file. Here’s exactly what to do:
Step 1 — Go to TaxProMax
Visit taxpromax.gov.ng and create an account using your TIN number. This is FIRS’s official filing platform.
Step 2 — Prepare your figures
Before you log in, write down:
Total income your business earned this year
Total expenses you spent running the business
The difference = your profit (that’s what gets taxed)
Even if you made little or no profit, you still file. It’s called a nil return.
Step 3 — File your return
Once logged in, select “File Tax Return”, enter your income and expense figures, then submit.
Step 4 — Pay if required
If your annual profit is above ₦300,000, a small tax applies starting at 7%. You can pay directly through the platform via Remita or your bank.
Important deadline: Returns for 2025 must be filed before March 31, 2026 so now is the right time.
If you find the online process confusing, you can also walk into any nearby FIRS office with your CAC certificate, TIN, and income details. They’ll guide you through it physically.
See lessHow Do I Identify the Best Time to Sell Stocks in the Nigerian Stock Market for Short-Term Profit?
Okay… imagine this like an old grandma sitting outside in the evening, watching people trade tomatoes in the market. She no dey use big grammar. She just dey observe life. She go tell you like this: “My child… nobody truly knows the exact top. If person say he knows… hmm… be careful.” Think of stockRead more
Okay… imagine this like an old grandma sitting outside in the evening, watching people trade tomatoes in the market.
She no dey use big grammar. She just dey observe life.
She go tell you like this:
“My child… nobody truly knows the exact top.
If person say he knows… hmm… be careful.”
Think of stock like price of yam in market
Morning time, price dey go up
People dey rush buy
You go think: “Ah this thing go keep going o”
Then suddenly…
People stop buying
Some start selling
Price begin fall.
So how you go know the “peak”?
You no go know exact peak.
But you fit feel say it don near finish.
Grandma go say, watch these things:
1. When everybody don dey talk about am
If even your friend wey no sabi anything about stock come say:
“Guy this stock dey hot, buy now!”
Hmm…
That time, e don almost reach top.
Because: When everybody don enter… who remain to push am go up again?
2. When price don run too fast
If stock was: ₦10 → ₦15 → ₦25 → ₦40 (very fast)
No rest, no small drop… just flying
Grandma go say: “Anything wey climb too fast… go come down small to breathe”
3. When you see small small weakness
Before big fall comes…
You go first see:
Price go up small
Then drop small
Then struggle
Like person wey don tire but still dey try walk.
That is warning.
4. Have your own exit before you enter
This one important pass all.
Before you buy, tell yourself:
“I go sell when I see 20% profit” or
“I go sell if it drop 10%”
Because if you wait for perfect top…
Greed go hold you.
You go say: “Make it reach ₦50… make it reach ₦60…”
Before you know, it don fall back to ₦30.
Truth (grandma go whisper this one)
“You no need catch the top to make money.”
Even if you sell before peak…
as long as you make profit… you win.
See lessWhat Is Earnings Per Share (EPS) in Simple Terms for Beginners in Nigeria?
Earnings Per Share (EPS) is simply: How much profit a company makes for each share you own. That’s it. Strip away the big grammar, and that’s the idea. Now think about it like this… A company makes a profit, say ₦1,000,000. Then that profit is divided among all the shareholders. If the company has 1Read more
Earnings Per Share (EPS) is simply:
How much profit a company makes for each share you own.
That’s it. Strip away the big grammar, and that’s the idea.
Now think about it like this…
A company makes a profit, say ₦1,000,000.
Then that profit is divided among all the shareholders.
If the company has 100,000 shares, then:
EPS = ₦1,000,000 ÷ 100,000 = ₦10 per share
Meaning: If you own 1 share, your “portion” of the company’s profit is ₦10.
If you own 100 shares, your portion is ₦1,000.
But here’s the deeper way to look at it (this is where it starts sounding like her kind of thinking):
EPS is not just a number…
It answers a very important question:
“Is this company actually making meaningful profit for its owners?”
Because a company can shout:
“We made ₦10 billion profit!”
But if they have too many shares, that profit gets diluted.
So investors don’t just look at total profit.
They look at profit per share.
Why EPS matters
It helps you compare companies properly
It tells you if growth is real or just noise
It’s used to calculate things like P/E ratio (which helps decide if a stock is cheap or expensive)
Simple way to remember it
Think of EPS like:
“Your slice of the company’s profit cake.”
Some companies bake a big cake… but slice it into tiny pieces.
Others bake a smaller cake… but you get a thicker slice.
See less