You're not alone — saving on ₦90,000 salary is genuinely difficult, especially in Nigeria today. But it's still possible with the right structure. the strategy must be simple, realistic, and low-stress. Let me show you a practical plan that actually works on ₦90k. First — Why You're Finding It HardRead more
You’re not alone — saving on ₦90,000 salary is genuinely difficult, especially in Nigeria today. But it’s still possible with the right structure. the strategy must be simple, realistic, and low-stress.
Let me show you a practical plan that actually works on ₦90k.
First — Why You’re Finding It Hard to Save
Most people earning ₦90k struggle because:
No fixed savings plan
Spending happens first, saving later
No emergency buffer
Unexpected expenses wipe everything
The solution is:
Save first — spend what’s left
Not the other way around.
The Realistic ₦90,000 Salary Plan
Here’s a very practical structure:
Example Budget:
Category
Amount
Savings/Investment (10%)
₦9,000
Feeding
₦30,000
Transport
₦12,000
Family Support
₦10,000
Bills
₦9,000
Miscellaneous
₦20,000
You may adjust, but the key rule:
Save at least ₦5,000 – ₦10,000 every month
Even ₦5,000 is powerful.
Why Small Savings Matter (This is Important)
If you save:
₦5,000 monthly = ₦60,000 yearly
₦10,000 monthly = ₦120,000 yearly
Now invest it in:
Money Market Fund
FGN Savings Bond
Dividend Stocks
Your money starts working for you.
My Recommended Strategy for You
Since your income is ₦90k, start with:
Step 1: Start small:
Save ₦5,000 monthly (minimum)
Step 2: Put it in:
Money Market Fund (safe & flexible)
Step 3: After 6 months:
Move some into bonds or dividend stocks
The “Before It’s Too Late” Mindset (You’re Doing the Right Thing)
You’re already ahead because:
You’re thinking about saving
You’re asking questions
You’re learning about investing
Most people wait until:
Marriage
Children
Debt
Then it’s much harder.
One Powerful Trick (That Works Very Well)
Use automatic saving:
Immediately your salary enters
Move ₦5k or ₦10k out
You won’t even feel it.
If You Can Add One Extra Income (Game Changer)
Since you’re a security personnel, consider:
POS business (small start)
Phone charging service
Weekend side hustle
Small trading
Even extra ₦20k monthly changes everything.
My Honest Advice for You
Start like this:
This Month:
Save ₦5,000
Next Month:
Save ₦7,000
After 3 months:
Save ₦10,000
Gradually grow.
One Question (So I Can Help You Better)
Do you:
Pay rent?
Support family?
Live alone?
Tell me — I’ll help you build a personalized ₦90k budget plan.
The Nigerian Bond Fund and Money Market Fund are both low-risk investment options, but they behave very differently in terms of risk, returns, and access to your money. Here’s the clear difference: Nigerian Bond Fund vs Money Market Fund Feature Nigerian Bond Fund Money Market Fund Risk Level Low–MeRead more
The Nigerian Bond Fund and Money Market Fund are both low-risk investment options, but they behave very differently in terms of risk, returns, and access to your money.
Here’s the clear difference:
Nigerian Bond Fund vs Money Market Fund
Feature
Nigerian Bond Fund
Money Market Fund
Risk Level
Low–Medium
Very Low
Returns
Higher
Lower
Price Fluctuation
Can go up & down
Very stable
Investment Period
Medium–Long term
Short term
Liquidity
2–5 days withdrawal
24–48 hours withdrawal
Income
Higher interest/dividends
Lower but steady
Best For
Wealth building
Saving & emergency fund
1. Nigerian Bond Fund (Long-Term Growth)
A Nigerian Bond Fund invests in:
Federal Government Bonds
Corporate Bonds
Treasury Bonds
Characteristics:
✅ Higher returns than money market
✅ Good for long-term investing
⚠️ Price can fluctuate (especially when interest rates change)
⚠️ Not ideal for emergency money
Typical Returns:
Around 12% — 18% per year (varies with market)
Best For:
Long-term wealth building
Retirement savings
Medium-term goals
2. Money Market Fund (Safety & Liquidity)
A Money Market Fund invests in:
Treasury Bills
Bank deposits
Commercial papers
Characteristics:
✅ Very safe
✅ Very stable
✅ Easy to withdraw
⚠️ Lower returns
Typical Returns:
Around 8% — 14% per year (varies)
Best For:
Emergency fund
Saving temporarily
Parking cash before investing
Simple Example
If you invest ₦500,000:
Money Market Fund:
Stable growth
Easier to withdraw anytime
Lower returns
Bond Fund:
Higher growth
May fluctuate slightly
Better long-term
My Honest Advice (Based on Your Investing Journey)
Since you:
Are already buying FGN Savings Bonds
Are building long-term wealth gradually
A smart strategy is:
✅ 40% Money Market Fund (safety + liquidity)
✅ 60% Bond Fund (growth)
This gives:
Safety
Growth
Flexibility
Since you work with a Federal Parastatal in Rivers State, your Personal Income Tax (PIT) is handled slightly differently — but in most cases you may already be paying it through PAYE. Let me break it down clearly. First — Important Thing You Should Know In Nigeria: Personal Income Tax is paid to theRead more
Since you work with a Federal Parastatal in Rivers State, your Personal Income Tax (PIT) is handled slightly differently — but in most cases you may already be paying it through PAYE.
Let me break it down clearly.
First — Important Thing You Should Know
In Nigeria:
Personal Income Tax is paid to the State of residence (Rivers State in your case)
Even Federal Government workers still pay Personal Income Tax to Rivers State if they live/work there.
There are two ways Personal Income Tax is paid:
PAYE (Pay As You Earn) — For salary earners
Direct Assessment — For self-employed people
Since you’re working in a Federal Parastatal, you are most likely under:
You Are Likely Under PAYE (Automatic Deduction)
Under PAYE:
Your employer deducts tax from your salary
Employer remits it to Rivers State
You don’t need to manually pay monthly tax
So first question:
Check Your Payslip
Look for:
PAYE
Tax
Personal Income Tax
If you see it — you’re already paying.
When You Need To File Personal Income Tax Yourself
You only need to file if:
You have side business
You have rental income
You want Tax Clearance Certificate (TCC)
You were not taxed by your employer
How To File Personal Income Tax in Rivers State (Step-by-Step)
Step 1: Get Your TIN (Tax Identification Number)
You can:
Ask your HR department
OR
Register at Rivers State Tax portal
Visit:
Rivers State Internal Revenue Service (RIRS)
Or go physically to Rivers State tax office
Step 2: Gather Required Documents
You will need:
Employment letter
Payslips
ID card
Bank details
TIN (if available)
Step 3: Fill Personal Income Tax Return
You will:
Declare your salary
Declare other income (if any)
Submit annual return
Step 4: Get Tax Clearance Certificate (TCC)
After filing:
You’ll receive TCC
Needed for:
Loans
Contracts
Government transactions
Visa applications
My Honest Advice (Based On Your Situation)
Since you are:
Working in Federal Parastatal
Based in Rivers State
First confirm with your HR or accounts department:
“Am I already under PAYE deduction?”
This is usually the case.
Your Broker Code and CSCS Number (Clearing House Number) are usually provided when you open a stockbroking account. Here's how you can find them: How to See Your Broker Code & CSCS Number 1. Check Your Account Opening Email / Documents When you opened your brokerage account, you should have receRead more
Your Broker Code and CSCS Number (Clearing House Number) are usually provided when you open a stockbroking account. Here’s how you can find them:
How to See Your Broker Code & CSCS Number
1. Check Your Account Opening Email / Documents
When you opened your brokerage account, you should have received:
CSCS Number (e.g., 1234567890)
Broker Code
Trading Account Number
Check:
Email inbox
Account opening form
Welcome letter from your broker
2. Check Your Brokerage App
Most Nigerian brokerage apps show your:
CSCS Number
Account Number
Broker Details
Look for:
Profile
Account Information
Portfolio Details
3. Check Your CSCS Statement
If you’ve ever received:
CSCS Alert
Trade Confirmation
Dividend Notification
Your CSCS Number is always displayed there.
4. Ask Your Broker (Fastest Method)
Just message your broker:
You can send:
“Please kindly send me my Broker Code and CSCS Number.”
They will send it in minutes.
What Each One Means
Broker Code → Identifies your stockbroker
CSCS Number → Your personal share account number (like bank account for shares)
Example:
Broker Code: XYZ001
CSCS Number: 1234567890
Yes — you can visit Fokona, but you currently cannot buy a stock market course there. Here's the clear explanation: What Fokona Actually Is Fokona is: A financial knowledge Q&A platform Similar to a forum/community Users ask questions about investing, stocks, business, taxes, etc. Experts and meRead more
Yes — you can visit Fokona, but you currently cannot buy a stock market course there.
Here’s the clear explanation:
What Fokona Actually Is
Fokona is:
A financial knowledge Q&A platform
Similar to a forum/community
Users ask questions about investing, stocks, business, taxes, etc.
Experts and members provide answers
Right now, it is not a course marketplace.
Important: Courses Not Available Yet
On the platform menu, “Learn Skills” and “Shop Online” are marked “Coming Soon” — meaning courses are not yet available.
So:
❌ No stock market courses yet
❌ No paid investing classes yet
❌ No course purchases yet
So What Can You Do on Fokona Now?
You can:
Ask stock market questions
Learn from other investors
Read investment discussions
Follow financial topics
But not buy courses yet.
My Honest Advice (Important)
You actually don’t need to buy a course immediately, especially since:
You’re already asking the right questions
Nigerian stock market investing is simple to learn step-by-step
The Dangote Refinery IPO is getting closer, and many NGX companies will benefit even before the IPO itself. Let me break it down clearly. 🛢️ Dangote Refinery IPO (Latest Update) Dangote plans to list 5%–10% of Dangote Refinery on the Nigerian Exchange (NGX) Expected timeline: June–July 2026 (tentatiRead more
The Dangote Refinery IPO is getting closer, and many NGX companies will benefit even before the IPO itself. Let me break it down clearly.
🛢️ Dangote Refinery IPO (Latest Update)
Dangote plans to list 5%–10% of Dangote Refinery on the Nigerian Exchange (NGX)
Expected timeline: June–July 2026 (tentative)
Estimated valuation: $40–$50 billion (could become Africa’s biggest IPO)
Investors may buy in Naira but receive dividends in USD (very attractive)
This will likely move the entire Nigerian stock market.
🔥 NGX Companies That Will Benefit MOST
1. Direct Dangote Group Beneficiaries (Top Tier)
These are first-level beneficiaries:
Dangote Cement (DANGCEM)
Dangote Sugar (DANGSUGAR)
NASCON (NASCON)
Why?
Same group synergy
Shared logistics
Shared management
Investor confidence spillover
When Dangote Refinery lists, investors usually buy all Dangote companies together.
This happened when:
Dangote Cement expanded
Dangote Sugar improved margins
These stocks usually move together.
⛽ 2. Oil & Gas Companies (Big Winners)
These companies benefit from:
crude supply
distribution
storage
petroleum products
Top picks:
Major Beneficiaries
Seplat Energy (SEPLAT)
Oando (OANDO)
TotalEnergies Nigeria (TOTAL)
Ardova Plc (ARDOVA)
MRS Oil Nigeria (MRS)
Why they benefit:
Dangote refinery reduces fuel imports
Local distribution increases
Margins improve
🚢 3. Logistics & Marine Companies
These benefit from:
Fuel transport
Shipping
Storage
Top picks:
NEM Insurance (Indirect via oil insurance)
Eterna Plc (ETERNA)
Japaul Gold (JAPAULGOLD)
🏦 4. Banks (Huge Beneficiaries)
Banks financing the refinery and traders:
Top Banks:
GTCO (GTCO)
Zenith Bank (ZENITHBANK)
Access Holdings (ACCESSCORP)
UBA (UBA)
Stanbic IBTC (STANBIC)
Important: Some banks are IPO advisors:
Stanbic IBTC Capital
Vetiva Capital
FirstCap
These institutions are involved in the listing process
Banks benefit from:
Transaction fees
Financing
FX flows
🏗️ 5. Industrial Companies (Hidden Winners)
These benefit from:
Cheaper fuel
Lower logistics costs
Top Picks:
BUA Cement
Lafarge Africa
Flour Mills Nigeria
Dangote Flour (if revived)
🧠 Smart Investor Strategy (My Personal Ranking)
If you’re preparing early:
Strongest Plays
Dangote Cement
Seplat
Oando
GTCO
Zenith
Medium Risk High Reward
MRS
Ardova
Eterna
Japaul Gold
My Personal Advice For You (Important)
Since you’ve been asking about dividend investing, these are best:
Best Dividend + Dangote Refinery Exposure:
GTCO
Zenith
Dangote Cement
Seplat
These give:
Dividend
Capital growth
Refinery exposure
When To Buy (Very Important)
Best time to buy:
Before IPO announcement
During market pullback
When market is red
Avoid:
Buying after hype starts
My Honest Prediction
When Dangote Refinery lists:
NGX market may rally strongly
Oil & Gas stocks will surge first
Banks will follow
Dangote companies will lead
This could become Nigeria’s biggest market opportunity in years.
This is a very common issue when trying to register on the Lagos State Internal Revenue Service portal — and it usually happens for one of four reasons. Let me walk you through what’s happening and how to fix it step-by-step 👇 Why This Happens You're seeing: "You have registered before" ❗ "Tax ID caRead more
This is a very common issue when trying to register on the Lagos State Internal Revenue Service portal — and it usually happens for one of four reasons.
Let me walk you through what’s happening and how to fix it step-by-step 👇
Why This Happens
You’re seeing:
“You have registered before” ❗
“Tax ID cannot be found” ❗
This usually means:
Possible Cause 1: Your Employer Already Registered You
If you’re:
Salary earner
Government worker
Corporate employee
Your employer may have already created a Payer ID for you.
But:
You don’t know the email used
You don’t know the Payer ID
Your phone number may be different
So the system says you already exist, but you can’t access it.
This is a very common issue when trying to register on the Lagos State Internal Revenue Service portal — and it usually happens for one of four reasons. Let me walk you through what’s happening and how to fix it step-by-step 👇 Why This Happens You're seeing: "You have registered before" ❗ "Tax ID caRead more
This is a very common issue when trying to register on the Lagos State Internal Revenue Service portal — and it usually happens for one of four reasons.
Let me walk you through what’s happening and how to fix it step-by-step 👇
Why This Happens
You’re seeing:
“You have registered before” ❗
“Tax ID cannot be found” ❗
This usually means:
Possible Cause 1: Your Employer Already Registered You
If you’re:
Salary earner
Government worker
Corporate employee
Your employer may have already created a Payer ID for you.
But:
You don’t know the email used
You don’t know the Payer ID
Your phone number may be different
So the system says you already exist, but you can’t access it.
How To Fix It (Best Solution)
Step 1 — Use “Forgot Payer ID” (Correct Way)
Go to:
👉 https://etax.lirs.net
Then:
Click Find Taxpayer ID
Enter:
Your surname
Phone number
Date of birth
Try different combinations if needed.
Step 2 — If Still Not Working
Use LIRS Support (Fastest Solution)
Contact:
**Lagos State Internal Revenue Service Helpdesk
You can:
Email them
📧 etax@lirs.net
Send:
Full name
Phone number
Email
Date of birth
Write:
“I tried creating a Payer ID but system says I already registered. When I try to find ID, it says not found. Please help retrieve my Payer ID.”
They usually respond within same day or next day.
Step 3 — Fastest Option (If Deadline is Close)
Walk into any LIRS office and tell them:
“I cannot access my Payer ID, but deadline is near.”
They will:
✅ Retrieve your Payer ID
✅ Reset your login
✅ Help you file immediately
This is the fastest solution.
Common Things To Try First
Before contacting them, try:
✔ Use another browser
✔ Try Chrome instead
✔ Turn off VPN
✔ Try different phone number
✔ Try surname only
Sometimes it’s just system glitch.
Important (Don’t Create Another Profile)
⚠️ Don’t try creating multiple accounts
⚠️ It will create duplicate records
⚠️ This may delay your filing
My Recommendation (Based on Your Situation)
Since deadline is close:
👉 Best option: Email LIRS immediately
👉 Second option: Visit LIRS office physically
You’ll resolve it within same day.
Here are the official online links you can use to file or access personal income tax services for Abuja (Federal Capital Territory, FCT): 📍 FCT‑IRS (Federal Capital Territory Internal Revenue Service) – Personal Income Tax 🔗 FCT‑IRS Self Service / Tax Return Portal: ➡️ https://fcttaxportal.fctirs.goRead more
Here are the official online links you can use to file or access personal income tax services for Abuja (Federal Capital Territory, FCT):
📍 FCT‑IRS (Federal Capital Territory Internal Revenue Service) – Personal Income Tax
This is the portal where residents of Abuja (FCT) log in to file their personal income tax returns, generate returns references, and submit annual returns online.
💡 Notes for filing:
You’ll need your Tax Identification Number (TIN) to log in (or register if you don’t already have one).
On the portal, after logging in, go to Menu → Tax Returns → File Returns → File a New Return to start your annual filing.
Filing is typically expected before March 31st each year for the previous assessment year.
Ah, this happens quite often — the Tax Identification Number (TIN) is essential for filing PIT, but sometimes the system doesn’t return it correctly. Here’s exactly what to do to retrieve your TIN in Nigeria: 1. Confirm Your Registration Status Before anything else: Go to the Federal Inland RevenueRead more
Ah, this happens quite often — the Tax Identification Number (TIN) is essential for filing PIT, but sometimes the system doesn’t return it correctly. Here’s exactly what to do to retrieve your TIN in Nigeria:
1. Confirm Your Registration Status
Before anything else:
Go to the Federal Inland Revenue Service (FIRS) TIN portal:
How can I save and invest on a ₦90k salary in Nigeria?
You're not alone — saving on ₦90,000 salary is genuinely difficult, especially in Nigeria today. But it's still possible with the right structure. the strategy must be simple, realistic, and low-stress. Let me show you a practical plan that actually works on ₦90k. First — Why You're Finding It HardRead more
You’re not alone — saving on ₦90,000 salary is genuinely difficult, especially in Nigeria today. But it’s still possible with the right structure. the strategy must be simple, realistic, and low-stress.
See lessLet me show you a practical plan that actually works on ₦90k.
First — Why You’re Finding It Hard to Save
Most people earning ₦90k struggle because:
No fixed savings plan
Spending happens first, saving later
No emergency buffer
Unexpected expenses wipe everything
The solution is:
Save first — spend what’s left
Not the other way around.
The Realistic ₦90,000 Salary Plan
Here’s a very practical structure:
Example Budget:
Category
Amount
Savings/Investment (10%)
₦9,000
Feeding
₦30,000
Transport
₦12,000
Family Support
₦10,000
Bills
₦9,000
Miscellaneous
₦20,000
You may adjust, but the key rule:
Save at least ₦5,000 – ₦10,000 every month
Even ₦5,000 is powerful.
Why Small Savings Matter (This is Important)
If you save:
₦5,000 monthly = ₦60,000 yearly
₦10,000 monthly = ₦120,000 yearly
Now invest it in:
Money Market Fund
FGN Savings Bond
Dividend Stocks
Your money starts working for you.
My Recommended Strategy for You
Since your income is ₦90k, start with:
Step 1: Start small:
Save ₦5,000 monthly (minimum)
Step 2: Put it in:
Money Market Fund (safe & flexible)
Step 3: After 6 months:
Move some into bonds or dividend stocks
The “Before It’s Too Late” Mindset (You’re Doing the Right Thing)
You’re already ahead because:
You’re thinking about saving
You’re asking questions
You’re learning about investing
Most people wait until:
Marriage
Children
Debt
Then it’s much harder.
One Powerful Trick (That Works Very Well)
Use automatic saving:
Immediately your salary enters
Move ₦5k or ₦10k out
You won’t even feel it.
If You Can Add One Extra Income (Game Changer)
Since you’re a security personnel, consider:
POS business (small start)
Phone charging service
Weekend side hustle
Small trading
Even extra ₦20k monthly changes everything.
My Honest Advice for You
Start like this:
This Month:
Save ₦5,000
Next Month:
Save ₦7,000
After 3 months:
Save ₦10,000
Gradually grow.
One Question (So I Can Help You Better)
Do you:
Pay rent?
Support family?
Live alone?
Tell me — I’ll help you build a personalized ₦90k budget plan.
What is the difference between Nigerian Bond Funds and Money Market Funds?
The Nigerian Bond Fund and Money Market Fund are both low-risk investment options, but they behave very differently in terms of risk, returns, and access to your money. Here’s the clear difference: Nigerian Bond Fund vs Money Market Fund Feature Nigerian Bond Fund Money Market Fund Risk Level Low–MeRead more
The Nigerian Bond Fund and Money Market Fund are both low-risk investment options, but they behave very differently in terms of risk, returns, and access to your money.
See lessHere’s the clear difference:
Nigerian Bond Fund vs Money Market Fund
Feature
Nigerian Bond Fund
Money Market Fund
Risk Level
Low–Medium
Very Low
Returns
Higher
Lower
Price Fluctuation
Can go up & down
Very stable
Investment Period
Medium–Long term
Short term
Liquidity
2–5 days withdrawal
24–48 hours withdrawal
Income
Higher interest/dividends
Lower but steady
Best For
Wealth building
Saving & emergency fund
1. Nigerian Bond Fund (Long-Term Growth)
A Nigerian Bond Fund invests in:
Federal Government Bonds
Corporate Bonds
Treasury Bonds
Characteristics:
✅ Higher returns than money market
✅ Good for long-term investing
⚠️ Price can fluctuate (especially when interest rates change)
⚠️ Not ideal for emergency money
Typical Returns:
Around 12% — 18% per year (varies with market)
Best For:
Long-term wealth building
Retirement savings
Medium-term goals
2. Money Market Fund (Safety & Liquidity)
A Money Market Fund invests in:
Treasury Bills
Bank deposits
Commercial papers
Characteristics:
✅ Very safe
✅ Very stable
✅ Easy to withdraw
⚠️ Lower returns
Typical Returns:
Around 8% — 14% per year (varies)
Best For:
Emergency fund
Saving temporarily
Parking cash before investing
Simple Example
If you invest ₦500,000:
Money Market Fund:
Stable growth
Easier to withdraw anytime
Lower returns
Bond Fund:
Higher growth
May fluctuate slightly
Better long-term
My Honest Advice (Based on Your Investing Journey)
Since you:
Are already buying FGN Savings Bonds
Are building long-term wealth gradually
A smart strategy is:
✅ 40% Money Market Fund (safety + liquidity)
✅ 60% Bond Fund (growth)
This gives:
Safety
Growth
Flexibility
How do I file personal income tax in Nigeria as a federal government worker in Rivers State?
Since you work with a Federal Parastatal in Rivers State, your Personal Income Tax (PIT) is handled slightly differently — but in most cases you may already be paying it through PAYE. Let me break it down clearly. First — Important Thing You Should Know In Nigeria: Personal Income Tax is paid to theRead more
Since you work with a Federal Parastatal in Rivers State, your Personal Income Tax (PIT) is handled slightly differently — but in most cases you may already be paying it through PAYE.
See lessLet me break it down clearly.
First — Important Thing You Should Know
In Nigeria:
Personal Income Tax is paid to the State of residence (Rivers State in your case)
Even Federal Government workers still pay Personal Income Tax to Rivers State if they live/work there.
There are two ways Personal Income Tax is paid:
PAYE (Pay As You Earn) — For salary earners
Direct Assessment — For self-employed people
Since you’re working in a Federal Parastatal, you are most likely under:
You Are Likely Under PAYE (Automatic Deduction)
Under PAYE:
Your employer deducts tax from your salary
Employer remits it to Rivers State
You don’t need to manually pay monthly tax
So first question:
Check Your Payslip
Look for:
PAYE
Tax
Personal Income Tax
If you see it — you’re already paying.
When You Need To File Personal Income Tax Yourself
You only need to file if:
You have side business
You have rental income
You want Tax Clearance Certificate (TCC)
You were not taxed by your employer
How To File Personal Income Tax in Rivers State (Step-by-Step)
Step 1: Get Your TIN (Tax Identification Number)
You can:
Ask your HR department
OR
Register at Rivers State Tax portal
Visit:
Rivers State Internal Revenue Service (RIRS)
Or go physically to Rivers State tax office
Step 2: Gather Required Documents
You will need:
Employment letter
Payslips
ID card
Bank details
TIN (if available)
Step 3: Fill Personal Income Tax Return
You will:
Declare your salary
Declare other income (if any)
Submit annual return
Step 4: Get Tax Clearance Certificate (TCC)
After filing:
You’ll receive TCC
Needed for:
Loans
Contracts
Government transactions
Visa applications
My Honest Advice (Based On Your Situation)
Since you are:
Working in Federal Parastatal
Based in Rivers State
First confirm with your HR or accounts department:
“Am I already under PAYE deduction?”
This is usually the case.
How can I check my stockbroker code and CSCS number in Nigeria?
Your Broker Code and CSCS Number (Clearing House Number) are usually provided when you open a stockbroking account. Here's how you can find them: How to See Your Broker Code & CSCS Number 1. Check Your Account Opening Email / Documents When you opened your brokerage account, you should have receRead more
Your Broker Code and CSCS Number (Clearing House Number) are usually provided when you open a stockbroking account. Here’s how you can find them:
See lessHow to See Your Broker Code & CSCS Number
1. Check Your Account Opening Email / Documents
When you opened your brokerage account, you should have received:
CSCS Number (e.g., 1234567890)
Broker Code
Trading Account Number
Check:
Email inbox
Account opening form
Welcome letter from your broker
2. Check Your Brokerage App
Most Nigerian brokerage apps show your:
CSCS Number
Account Number
Broker Details
Look for:
Profile
Account Information
Portfolio Details
3. Check Your CSCS Statement
If you’ve ever received:
CSCS Alert
Trade Confirmation
Dividend Notification
Your CSCS Number is always displayed there.
4. Ask Your Broker (Fastest Method)
Just message your broker:
You can send:
“Please kindly send me my Broker Code and CSCS Number.”
They will send it in minutes.
What Each One Means
Broker Code → Identifies your stockbroker
CSCS Number → Your personal share account number (like bank account for shares)
Example:
Broker Code: XYZ001
CSCS Number: 1234567890
Can i Buy Stock Market Course on Fokona?
Yes — you can visit Fokona, but you currently cannot buy a stock market course there. Here's the clear explanation: What Fokona Actually Is Fokona is: A financial knowledge Q&A platform Similar to a forum/community Users ask questions about investing, stocks, business, taxes, etc. Experts and meRead more
Yes — you can visit Fokona, but you currently cannot buy a stock market course there.
See lessHere’s the clear explanation:
What Fokona Actually Is
Fokona is:
A financial knowledge Q&A platform
Similar to a forum/community
Users ask questions about investing, stocks, business, taxes, etc.
Experts and members provide answers
Right now, it is not a course marketplace.
Important: Courses Not Available Yet
On the platform menu, “Learn Skills” and “Shop Online” are marked “Coming Soon” — meaning courses are not yet available.
So:
❌ No stock market courses yet
❌ No paid investing classes yet
❌ No course purchases yet
So What Can You Do on Fokona Now?
You can:
Ask stock market questions
Learn from other investors
Read investment discussions
Follow financial topics
But not buy courses yet.
My Honest Advice (Important)
You actually don’t need to buy a course immediately, especially since:
You’re already asking the right questions
Nigerian stock market investing is simple to learn step-by-step
Will Dangote Refinery IPO benefit other companies listed on the Nigerian Stock Exchange (NGX)?
The Dangote Refinery IPO is getting closer, and many NGX companies will benefit even before the IPO itself. Let me break it down clearly. 🛢️ Dangote Refinery IPO (Latest Update) Dangote plans to list 5%–10% of Dangote Refinery on the Nigerian Exchange (NGX) Expected timeline: June–July 2026 (tentatiRead more
The Dangote Refinery IPO is getting closer, and many NGX companies will benefit even before the IPO itself. Let me break it down clearly.
See less🛢️ Dangote Refinery IPO (Latest Update)
Dangote plans to list 5%–10% of Dangote Refinery on the Nigerian Exchange (NGX)
Expected timeline: June–July 2026 (tentative)
Estimated valuation: $40–$50 billion (could become Africa’s biggest IPO)
Investors may buy in Naira but receive dividends in USD (very attractive)
This will likely move the entire Nigerian stock market.
🔥 NGX Companies That Will Benefit MOST
1. Direct Dangote Group Beneficiaries (Top Tier)
These are first-level beneficiaries:
Dangote Cement (DANGCEM)
Dangote Sugar (DANGSUGAR)
NASCON (NASCON)
Why?
Same group synergy
Shared logistics
Shared management
Investor confidence spillover
When Dangote Refinery lists, investors usually buy all Dangote companies together.
This happened when:
Dangote Cement expanded
Dangote Sugar improved margins
These stocks usually move together.
⛽ 2. Oil & Gas Companies (Big Winners)
These companies benefit from:
crude supply
distribution
storage
petroleum products
Top picks:
Major Beneficiaries
Seplat Energy (SEPLAT)
Oando (OANDO)
TotalEnergies Nigeria (TOTAL)
Ardova Plc (ARDOVA)
MRS Oil Nigeria (MRS)
Why they benefit:
Dangote refinery reduces fuel imports
Local distribution increases
Margins improve
🚢 3. Logistics & Marine Companies
These benefit from:
Fuel transport
Shipping
Storage
Top picks:
NEM Insurance (Indirect via oil insurance)
Eterna Plc (ETERNA)
Japaul Gold (JAPAULGOLD)
🏦 4. Banks (Huge Beneficiaries)
Banks financing the refinery and traders:
Top Banks:
GTCO (GTCO)
Zenith Bank (ZENITHBANK)
Access Holdings (ACCESSCORP)
UBA (UBA)
Stanbic IBTC (STANBIC)
Important: Some banks are IPO advisors:
Stanbic IBTC Capital
Vetiva Capital
FirstCap
These institutions are involved in the listing process
Banks benefit from:
Transaction fees
Financing
FX flows
🏗️ 5. Industrial Companies (Hidden Winners)
These benefit from:
Cheaper fuel
Lower logistics costs
Top Picks:
BUA Cement
Lafarge Africa
Flour Mills Nigeria
Dangote Flour (if revived)
🧠 Smart Investor Strategy (My Personal Ranking)
If you’re preparing early:
Strongest Plays
Dangote Cement
Seplat
Oando
GTCO
Zenith
Medium Risk High Reward
MRS
Ardova
Eterna
Japaul Gold
My Personal Advice For You (Important)
Since you’ve been asking about dividend investing, these are best:
Best Dividend + Dangote Refinery Exposure:
GTCO
Zenith
Dangote Cement
Seplat
These give:
Dividend
Capital growth
Refinery exposure
When To Buy (Very Important)
Best time to buy:
Before IPO announcement
During market pullback
When market is red
Avoid:
Buying after hype starts
My Honest Prediction
When Dangote Refinery lists:
NGX market may rally strongly
Oil & Gas stocks will surge first
Banks will follow
Dangote companies will lead
This could become Nigeria’s biggest market opportunity in years.
How do I fix “Tax ID cannot be found” error when creating Lagos State Payer ID?
This is a very common issue when trying to register on the Lagos State Internal Revenue Service portal — and it usually happens for one of four reasons. Let me walk you through what’s happening and how to fix it step-by-step 👇 Why This Happens You're seeing: "You have registered before" ❗ "Tax ID caRead more
This is a very common issue when trying to register on the Lagos State Internal Revenue Service portal — and it usually happens for one of four reasons.
Let me walk you through what’s happening and how to fix it step-by-step 👇
Why This Happens
You’re seeing:
“You have registered before” ❗
“Tax ID cannot be found” ❗
This usually means:
Possible Cause 1: Your Employer Already Registered You
If you’re:
Salary earner
Government worker
Corporate employee
Your employer may have already created a Payer ID for you.
But:
You don’t know the email used
You don’t know the Payer ID
Your phone number may be different
So the system says you already exist, but you can’t access it.
How To Fix It (Best Solution)
Step 1 — Use “Forgot Payer ID” (Correct Way)
Go to:
👉 https://etax.lirs.net
Then:
Click Find Taxpayer ID
Enter:
Your surname
Phone number
Date of birth
Try different combinations if needed.
Step 2 — If Still Not Working
Use LIRS Support (Fastest Solution)
Contact:
**Lagos State Internal Revenue Service Helpdesk
You can:
Email them
📧 etax@lirs.net
Send:
Full name
Phone number
Email
Date of birth
Write:
“I tried creating a Payer ID but system says I already registered. When I try to find ID, it says not found. Please help retrieve my Payer ID.”
They usually respond within same day or next day.
Step 3 — Fastest Option (If Deadline is Close)
Walk into any LIRS office and tell them:
“I cannot access my Payer ID, but deadline is near.”
They will:
✅ Retrieve your Payer ID
✅ Reset your login
✅ Help you file immediately
This is the fastest solution.
Common Things To Try First
Before contacting them, try:
✔ Use another browser
✔ Try Chrome instead
✔ Turn off VPN
✔ Try different phone number
✔ Try surname only
Sometimes it’s just system glitch.
Important (Don’t Create Another Profile)
⚠️ Don’t try creating multiple accounts
⚠️ It will create duplicate records
⚠️ This may delay your filing
My Recommendation (Based on Your Situation)
Since deadline is close:
👉 Best option: Email LIRS immediately
👉 Second option: Visit LIRS office physically
You’ll resolve it within same day.
See lessHow do I fix “Tax ID cannot be found” error when creating Lagos State Payer ID?
This is a very common issue when trying to register on the Lagos State Internal Revenue Service portal — and it usually happens for one of four reasons. Let me walk you through what’s happening and how to fix it step-by-step 👇 Why This Happens You're seeing: "You have registered before" ❗ "Tax ID caRead more
This is a very common issue when trying to register on the Lagos State Internal Revenue Service portal — and it usually happens for one of four reasons.
See lessLet me walk you through what’s happening and how to fix it step-by-step 👇
Why This Happens
You’re seeing:
“You have registered before” ❗
“Tax ID cannot be found” ❗
This usually means:
Possible Cause 1: Your Employer Already Registered You
If you’re:
Salary earner
Government worker
Corporate employee
Your employer may have already created a Payer ID for you.
But:
You don’t know the email used
You don’t know the Payer ID
Your phone number may be different
So the system says you already exist, but you can’t access it.
How To Fix It (Best Solution)
Step 1 — Use “Forgot Payer ID” (Correct Way)
Go to:
👉 https://etax.lirs.net
Then:
Click Find Taxpayer ID
Enter:
Your surname
Phone number
Date of birth
Try different combinations if needed.
Step 2 — If Still Not Working
Use LIRS Support (Fastest Solution)
Contact:
**Lagos State Internal Revenue Service Helpdesk
You can:
Email them
📧 etax@lirs.net
Send:
Full name
Phone number
Email
Date of birth
Write:
“I tried creating a Payer ID but system says I already registered. When I try to find ID, it says not found. Please help retrieve my Payer ID.”
They usually respond within same day or next day.
Step 3 — Fastest Option (If Deadline is Close)
Walk into any LIRS office and tell them:
“I cannot access my Payer ID, but deadline is near.”
They will:
✅ Retrieve your Payer ID
✅ Reset your login
✅ Help you file immediately
This is the fastest solution.
Common Things To Try First
Before contacting them, try:
✔ Use another browser
✔ Try Chrome instead
✔ Turn off VPN
✔ Try different phone number
✔ Try surname only
Sometimes it’s just system glitch.
Important (Don’t Create Another Profile)
⚠️ Don’t try creating multiple accounts
⚠️ It will create duplicate records
⚠️ This may delay your filing
My Recommendation (Based on Your Situation)
Since deadline is close:
👉 Best option: Email LIRS immediately
👉 Second option: Visit LIRS office physically
You’ll resolve it within same day.
What is the official link for filing personal income tax in Abuja (FCT, Nigeria)?
Here are the official online links you can use to file or access personal income tax services for Abuja (Federal Capital Territory, FCT): 📍 FCT‑IRS (Federal Capital Territory Internal Revenue Service) – Personal Income Tax 🔗 FCT‑IRS Self Service / Tax Return Portal: ➡️ https://fcttaxportal.fctirs.goRead more
Here are the official online links you can use to file or access personal income tax services for Abuja (Federal Capital Territory, FCT):
📍 FCT‑IRS (Federal Capital Territory Internal Revenue Service) – Personal Income Tax
🔗 FCT‑IRS Self Service / Tax Return Portal:
➡️ https://fcttaxportal.fctirs.gov.ng/selfservice/account/signin
This is the portal where residents of Abuja (FCT) log in to file their personal income tax returns, generate returns references, and submit annual returns online.
💡 Notes for filing:
You’ll need your Tax Identification Number (TIN) to log in (or register if you don’t already have one).
On the portal, after logging in, go to Menu → Tax Returns → File Returns → File a New Return to start your annual filing.
Filing is typically expected before March 31st each year for the previous assessment year.
🏛️ FCT‑IRS Official Website (General resources)
🔗 https://fctirs.gov.ng/
From here you can also find guidance on personal income tax, TIN registration, tax clearance certificates, deadlines, and contact information.
See lessWhy is my Tax ID showing “already registered” but I cannot access it in Nigeria?
Ah, this happens quite often — the Tax Identification Number (TIN) is essential for filing PIT, but sometimes the system doesn’t return it correctly. Here’s exactly what to do to retrieve your TIN in Nigeria: 1. Confirm Your Registration Status Before anything else: Go to the Federal Inland RevenueRead more
Ah, this happens quite often — the Tax Identification Number (TIN) is essential for filing PIT, but sometimes the system doesn’t return it correctly. Here’s exactly what to do to retrieve your TIN in Nigeria:
1. Confirm Your Registration Status
Before anything else:
Go to the Federal Inland Revenue Service (FIRS) TIN portal:
https://tin.gov.ng
Use the “Verify TIN” feature to check if your TIN exists.
You’ll need your BVN and full name as registered.
If it shows a TIN, note it down.
Sometimes the system fails on “forgot TIN” because of name/BVN mismatch, so double-check your registration details.
2. Attempt Online Retrieval Correctly
If you clicked “Forgot TIN” and got no response:
Make sure you’re using the exact details used during TIN registration:
Full name as per official ID
Date of birth
BVN (Bank Verification Number)
Avoid typos or abbreviations; the system is sensitive.
3. Contact the Tax Authority
If online retrieval fails, you need direct intervention:
For Federal Employees / Non-Residents / FIRS TIN
Call or email FIRS TIN support:
Phone: +234 9 462 2222 (FIRS office)
Email: tinhelpdesk@firs.gov.ng
Provide: Full name, date of birth, BVN, phone number, and explain “I cannot retrieve my TIN online.”
For State Residents / PIT TIN
If your TIN is issued by your State IRS (like Lagos, Enugu, Oyo), contact the state tax office directly. For example:
Lagos State IRS: info@lirs.gov.ng
Enugu State IRS: info@enugustateirs.ng
Bring ID and proof of previous filing attempts when visiting physically — this helps the officers retrieve your TIN manually.
4. As a Last Resort — Re-issue
Some states / FIRS offices can reissue your TIN if it cannot be retrieved online.
This usually involves filling a TIN application form, providing your BVN, ID, and proof of prior registration.
5. Tips to Avoid Problems
Always save a digital copy or screenshot of your TIN once retrieved.
Link your TIN to your BVN — it makes recovery easier.
Avoid multiple “forgot TIN” requests online — it sometimes locks your access temporarily.
💡 Practical Step Today:
Try the Verify TIN tool at https://tin.gov.ng�.
If no result, call the FIRS or state IRS help desk and provide your details.
If needed, visit the nearest IRS office with your ID and BVN for manual retrieval.
If you want, I can draft a step-by-step email template you can send to FIRS/state IRS to retrieve your TIN today — so you can get a faster response.
See less