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Personal income tax.
Not everybody pays tax the same way in Nigeria. It depends on: ✓ where your income comes from ✓ whether you earn money at all Let’s Start Simple 1. How to File Personal Income Tax (By Yourself) We will use Lagos as example through Lagos State Internal Revenue Service (Other states follow similar proRead more
Not everybody pays tax the same way in Nigeria.
It depends on:
✓ where your income comes from
✓ whether you earn money at all
Let’s Start Simple
1. How to File Personal Income Tax (By Yourself)
We will use Lagos as example through
Lagos State Internal Revenue Service
(Other states follow similar process)
Step-by-Step (Very Simple)
Step 1: Know Your Tax Office
Your tax is handled by the state you live/work in.
Step 2: Get Your Tax ID (TIN)
TIN = Tax Identification Number
You can get it:
• online
• or at tax office
Step 3: Calculate Your Income
Add all the money you earned in the year:
• salary
• business income
• side hustle
Step 4: Remove Allowances
Government allows some deductions like:
• pension
• NHF
• National Health Insurance
This reduces your taxable income.
Step 5: Fill Tax Form
You can file online through your state tax portal.
Or physically at tax office.
Step 6: Submit and Pay
After calculation:
✓ you pay the tax
✓ or confirm what has already been deducted
Let Me Explain With a Simple Story
Mama Ngozi earns money selling tomatoes.
At the end of the year:
She tells government:
“I made this much.”
Government calculates:
“How much tax should you pay?”
She pays…
And gets peace of mind.
2. If You Don’t Work in Nigeria But Have a Bank Account
Let me be very clear.
Having a Nigerian bank account does NOT mean you must pay tax.
What Matters Is:
✓ Where your income is coming from
Situation A
You earn money:
• outside Nigeria
• and it is NOT from Nigeria
👉 You may NOT be required to pay Nigerian tax
Situation B
You earn money:
• from Nigeria (business, rent, etc.)
👉 Then you are taxable in Nigeria
Important Note
Tax is based on:
✓ income source
NOT bank account
3. What About Parents Who Don’t Earn Income?
This is very important.
Let me tell you the truth.
If someone has NO income, they do NOT pay tax.
Example
If parents:
• are not working
• depend on children
Then:
✓ they have no taxable income
So:
👉 no tax to pay
Why?
Because tax is charged on:
✓ income earned
No income = No tax
Let Me Be Honest With You
Many people believe:
“Everybody must pay tax no matter what.”
That is NOT correct.
Simple Summary
• Salary earners → tax deducted (PAYE)
• Business owners → file and pay
• Foreign income (outside Nigeria) → may not be taxed
• No income → no tax
Final Truth
Tax is not about fear.
It is about:
✓ understanding your income
✓ knowing your obligation
Let Me Leave You With This
Before worrying about tax, ask yourself:
• Did I earn income?
• Where did it come from?
Because once you answer that…
Everything becomes clear.
Rose Ejituru
See lessBusiness and entrepreneurs
A money market mutual fund is a place where your money is pooled together and invested in very safe, short-term instruments. What Does That Mean? Your money is not sitting idle. It is invested in things like: • Treasury Bills • Commercial Papers • Bank deposits Managed by professionals. Let Me ExplaRead more
A money market mutual fund is a place where your money is pooled together and invested in very safe, short-term instruments.
What Does That Mean?
Your money is not sitting idle.
It is invested in things like:
• Treasury Bills
• Commercial Papers
• Bank deposits
Managed by professionals.
Let Me Explain With a Simple Story
Mama Ngozi has ₦100,000.
But she doesn’t know:
• where to invest
• how to manage it
So she gives it to an experienced trader.
Now this trader collects money from:
• Mama Ngozi
• Baba Musa
• Aunty Chioma
And combines everything.
Then He Invests It In:
• low-risk opportunities
• short-term deals
• stable returns
That is exactly how a money market fund works.
Oya… Relax Let Me Explain
How It Works Step by Step
1. You Put Money In
You invest through a fund manager like:
• ARM Securities
• Stanbic IBTC Asset Management
• Meristem Wealth Management
2. They Pool Funds Together
Your money is combined with other investors.
3. They Invest It
Into:
• short-term government securities
• low-risk financial instruments
4. You Earn Returns
Returns come as:
✓ daily or periodic interest
Key Features You Must Know
1. Low Risk
Compared to stocks:
✓ much safer
2. Liquidity
You can:
✓ withdraw your money easily (usually within 1–2 days)
3. Steady Returns
Not too high…
But stable.
Let Me Be Honest With You
This is NOT a “get rich quick” investment.
It is:
✓ a capital preservation + steady growth tool
Example
If you invest:
• ₦100,000
You may earn:
• small daily returns
Over time:
✓ it grows gradually
Who Should Use It?
• beginners
• salary earners
• people saving for short-term goals
• people avoiding high risk
Advantages
• safer than stocks
• easy to start
• flexible withdrawal
• professionally managed
Disadvantages
• lower returns than stocks
• returns may reduce if interest rates fall
Final Truth
Money market funds are not for fast profit.
They are for:
✓ stability
✓ discipline
✓ steady growth
Let Me Leave You With This
If stocks are like farming for big harvest…
Money market fund is like:
✓ keeping your money in a safe place where it is still working for you
Not sleeping.
Rose Ejituru
See lessHow Is Investment Value Calculated in an Unlisted Business, and How Are Ownership and Profit Shares Determined?
Investment is not about money first. It is about: ✓ valuation ✓ agreement ✓ structure Let Me Explain With a Simple Story Mama Ngozi has a tomato business. She already: • buys and sells tomatoes • makes ₦50,000 profit every month Now someone comes and says: “I want to invest ₦200,000 in your businessRead more
Investment is not about money first.
It is about:
✓ valuation
✓ agreement
✓ structure
Let Me Explain With a Simple Story
Mama Ngozi has a tomato business.
She already:
• buys and sells tomatoes
• makes ₦50,000 profit every month
Now someone comes and says:
“I want to invest ₦200,000 in your business.”
The Big Question
How much of the business should that person own?
Step 1: Calculate Business Value (Very Important)
Before collecting money, you must ask:
👉 “How much is my business worth today?”
which he did😁
Simple Way to Estimate
Use your profit.
If Mama Ngozi makes:
• ₦50,000 per month
• ₦600,000 per year
A simple rough valuation could be:
✓ 1–3 years of profit
So:
• ₦600,000 × 2 = ₦1.2 million
Meaning
Mama Ngozi’s business is worth about:
👉 ₦1.2 million
Step 2: Determine Investor Ownership
Now investor brings:
• ₦200,000
Calculate Ownership
₦200,000 ÷ ₦1,200,000 = 16.7%
So:
Investor gets:
✓ about 17% ownership
Mama Ngozi keeps:
✓ 83%
Step 3: Decide Profit Sharing
Now profits must follow ownership.
If monthly profit is ₦50,000:
• Investor gets 17% → ≈ ₦8,500
• Mama Ngozi gets 83% → ≈ ₦41,500
But Wait… There Is Something Very Important
Salary vs Profit (Most People Miss This)
Mama Ngozi is working daily.
So she deserves:
✓ salary (for running the business)
✓ profit (as owner)
Example
• Pay herself ₦20,000 salary
• Remaining profit = ₦30,000
Now share:
• Investor → 17% of ₦30k
• Owner → 83% of ₦30k
Why This Matters
If you don’t separate this:
✓ investor will eat your sweat
Types of Investment Structures
1. Equity (Ownership Sharing)
• investor owns part of business
• shares profit
• shares risk
2. Loan (No Ownership)
• investor gives money
• you pay back with interest
• no control given
3. Hybrid (Mixed)
• small ownership
• plus fixed return
Advantages of Taking Investment
• more capital to grow
• faster expansion
• shared risk
Disadvantages
• reduced ownership
• sharing profit
• possible conflict
Let Me Be Honest With You
Money is easy to collect.
Structure is hard to fix later.
Common Mistakes You Must Avoid
• not valuing business properly
• giving too much ownership too early
• no written agreement
• mixing salary and profit
• emotional decisions
Final Truth
Investment is not:
✓ “give me money, let’s share later”
It is:
✓ numbers
✓ structure
✓ agreement
Let Me Leave You With This
Before accepting any investor, ask:
• What is my business worth?
• What percentage am I giving away?
• How will profit be shared?
Because once you get this wrong…
You don’t lose money.
You lose control.
Rose Ejituru
See lessIf you had the opportunity to meet with a billionaire investor,who would it be
Naval Ravikant Though there are many more I would like to met but he is number 1🌝
Naval Ravikant
Though there are many more I would like to met but he is number 1🌝
See lessShould I venture into Digital Marketing or wait for laptop
You can start digital marketing with your phone. Yes. Not perfectly… But effectively. Let Me Explain With a Simple Story Mama Ngozi wants to start selling tomatoes. But she says: “I will wait until I have a big shop.” Meanwhile… Another person starts with: • a small table • a basket • and begins selRead more
You can start digital marketing with your phone.
Yes.
Not perfectly…
But effectively.
Let Me Explain With a Simple Story
Mama Ngozi wants to start selling tomatoes.
But she says:
“I will wait until I have a big shop.”
Meanwhile…
Another person starts with:
• a small table
• a basket
• and begins selling
Who will make money first?
The one who started.
That is exactly how this works.
Oya… Relax Let Me Explain
There are two parts to this:
1. Can You Learn Digital Marketing with Your Phone?
👉 Yes — 100%
You can:
• watch courses
• read materials
• practice basics
What You Can Learn on Phone
• social media marketing
• content creation
• copywriting
• basic ads knowledge
• branding
2. Can You Use Phone to Make Money?
👉 Yes — especially at the beginning
What You Can Do with Just Phone
• run WhatsApp marketing
• sell products on Instagram
• do affiliate marketing
• manage small business pages
• create content
Let Me Be Honest With You
A phone can take you:
✓ from zero to first income
But…
It has limits.
Where Phone Will Limit You
As you grow, you may struggle with:
• running advanced ads
• heavy design work
• managing multiple tools
• deep analytics
So Should You Wait?
👉 No. Don’t wait.
Smart Strategy
Step 1: Start with Your Phone NOW
• learn daily
• practice small
• try simple marketing
Step 2: Start Earning Small
Even if it is:
• ₦5,000
• ₦10,000
That builds confidence.
Step 3: Use That Money to Get a Laptop
Now your laptop becomes:
✓ a tool funded by your skill
Let Me Be Very Honest With You
Waiting for perfect conditions is how many people remain stuck.
Starting small is how people grow.
Final Truth
Your biggest problem is not lack of laptop.
It is:
✓ delay in starting
Let Me Leave You With This
Don’t ask:
• “Do I have everything I need?”
Ask:
✓ “What can I do with what I have?”
Because the people winning today…
Started with less than you.
Rose Ejituru
See lessAs a person who renders service how do I Market my service
I don’t have any real life experience about being an electrician because am not one……but I can help you understand how to market you services properly to get more clients🤭 Oya… Relax Let Me Explain If you want clients, you need 3 things: ✓ visibility ✓ trust ✓ accessibility Step 1: Position YourselfRead more
I don’t have any real life experience about being an electrician because am not one……but I can help you understand how to market you services properly to get more clients🤭
Oya… Relax Let Me Explain
If you want clients, you need 3 things:
✓ visibility
✓ trust
✓ accessibility
Step 1: Position Yourself Clearly
Don’t just say:
“I am an electrician”
That is too general.
Be Specific
Say things like:
• “Home wiring specialist”
• “Fault fixing expert”
• “24/7 emergency electrician”
Why This Works
People don’t look for:
• “electrician”
They look for:
✓ “someone that can fix THIS problem”
Step 2: Use Your Immediate Environment First
Start from where you are.
Do This:
• tell neighbors
• inform landlords
• meet security guards
• speak with shop owners
Why?
These people:
✓ recommend service providers daily
Step 3: Turn Every Job Into Advertisement
After every job:
Do This:
• ask for referral
• say: “If you like my work, please recommend me”
Even Better
Give small incentive:
• “I’ll appreciate any referral”
Step 4: Use WhatsApp Properly
This is very powerful.
What To Do
• upload pictures of your work
• post before & after videos
• show problem → solution
Example
“Customer had power issue for 2 weeks. Fixed in 1 hour.”
Why This Works
People trust what they SEE.
Step 5: Create Simple Flyer (Offline Still Works)
Don’t ignore this.
Print small flyers:
• your name
• your service
• your phone number
Drop them at:
• shops
• houses
• estates
Step 6: Partner With People That Get Jobs
This is powerful.
Connect with:
• landlords
• estate agents
• builders
• plumbers
Why?
They always need:
✓ electricians
Step 7: Be Reliable (This Is Where Money Is Made)
Let me be very honest.
Many artisans lose clients because of:
• lateness
• poor communication
• unfinished jobs
You Must Be Different
✓ keep to time
✓ speak professionally
✓ do clean work
Step 8: Price Smartly (Not Cheapest)
Don’t kill your business by underpricing.
Instead:
✓ charge fairly
✓ deliver quality
Let Me Be Honest With You
Getting clients is not magic.
It is:
✓ consistency
✓ visibility
✓ trust
Final Truth
People don’t hire the best electrician.
They hire:
✓ the one they know
✓ the one they trust
✓ the one they can reach easily
Let Me Leave You With This
If nobody is calling you, ask yourself:
• Do people know me?
• Do they trust my work?
• Am I visible enough?
Because once you fix those three…
Clients will start coming.
Rose Ejituru
See lessWhat are the important rules and knowledge needed before entering into Stock Market
Ok let’s start with this The stock market is NOT a place to make quick money. It is: ✓ a place to build wealth over time Let Me Explain With a Simple Story Imagine Mama Ngozi plants maize today… And comes back tomorrow expecting harvest. Will she see anything? No. Because growth takes time. That isRead more
Ok let’s start with this
The stock market is NOT a place to make quick money.
It is:
✓ a place to build wealth over time
Let Me Explain With a Simple Story
Imagine Mama Ngozi plants maize today…
And comes back tomorrow expecting harvest.
Will she see anything?
No.
Because growth takes time.
That is exactly how the stock market works.
Oya… Relax Let Me Explain
Before you enter the market, there are key rules you must understand.
1. Understand What You Are Buying
When you buy shares, you are buying:
✓ ownership in a company
Not just “numbers on an app”
So ask:
• What does this company do?
• How does it make money?
2. Prices Go Up AND Down
This is very important.
Stock prices:
• rise
• fall
• stay flat
Truth
✓ Red days are normal
If you panic every time price drops…
You will lose money emotionally.
3. Have a Clear Goal
Before investing, decide:
• short-term trading?
• long-term investing?
Why This Matters
Because your strategy will depend on your goal.
4. Never Invest Money You Can’t Afford to Lose
Let me be very honest.
Do NOT invest:
• rent money
• school fees
• emergency funds
Because:
✓ the market is unpredictable
5. Diversify Your Investments
Don’t put everything in one stock.
Spread your money across:
• different companies
• different sectors
Why?
✓ if one fails, others can balance it
6. Avoid “Hot Tips” and Hype
Many people will say:
• “buy this stock now!”
• “this one will double!”
Be careful.
Truth
✓ if you don’t understand it, don’t buy it
7. Understand Basic Costs
When you buy/sell shares:
• brokerage fees apply
• exchange fees apply
Also:
• dividends have 10% withholding tax
8. Be Patient (This Is the Biggest Rule)
Wealth in the stock market comes from:
✓ time
✓ consistency
Not speed.
Let Me Be Honest With You
Most losses don’t come from:
• bad stocks
They come from:
✓ bad decisions
Common Beginner Mistakes
Avoid this:
• buying without research
• selling in panic
• chasing quick profit
• checking prices every minute
Final Truth
The stock market rewards:
✓ discipline
✓ patience
✓ knowledge
Let Me Leave You With This
Before you invest, ask yourself:
• Do I understand what I’m doing?
• Am I ready to be patient?
Because once you enter with the right mindset…
You stop gambling…
And start investing.
Rose Ejituru
See lessHow to buy FGN bond in BAMBO and ARMS app
You cannot directly buy FGN bonds like normal stocks on most apps. Yes. FGN bonds follow a different process. Let Me Explain With a Simple Example Imagine you want to buy land from the government. You don’t just: • open an app • click “BUY LAND” No. You go through: • an agent • a process • documentaRead more
You cannot directly buy FGN bonds like normal stocks on most apps.
Yes.
FGN bonds follow a different process.
Let Me Explain With a Simple Example
Imagine you want to buy land from the government.
You don’t just:
• open an app
• click “BUY LAND”
No.
You go through:
• an agent
• a process
• documentation
That is exactly how FGN bonds work.
Now Let’s Break It Down
1. Can You Buy FGN Bonds on Bamboo?
👉 Short answer: NO (directly).
Bamboo is mainly for:
• stocks (US & Nigerian)
FGN bonds are:
✓ not directly listed for instant purchase like stocks
What This Means
You cannot:
• just log in
• click buy FGN bond
Important Note
Some platforms may later show bond-related products…
But primary FGN bond purchase is not Bamboo’s main function
2. How to Buy FGN Bonds Using ARM Securities Limited
Now this is where it works properly.
Step-by-Step Process
Step 1: Open Investment Account
With ARM (stockbroker account)
You must have:
• BVN
• CSCS account
Step 2: Wait for Bond Offer
FGN bonds are issued by:
Debt Management Office
They come:
✓ periodically (not daily like stocks)
Step 3: Fill Subscription Form
You:
• indicate amount
• choose tenor
Step 4: Make Payment
Transfer money to broker’s account
Step 5: Submission & Allotment
Your broker submits your request
Then:
✓ bonds are allocated to you
Step 6: Credit to CSCS
Your bond is stored in:
Central Securities Clearing System
Step 7: Reflect on Your App
Then it may appear on your dashboard.
Key Fact You Must Understand
FGN Savings Bond:
• minimum starts from about ₦5,000
• maximum up to ₦50 million for retail investors (ARM)
Let Me Be Honest With You
FGN bond is NOT:
• a “click and buy” investment
It is:
✓ a structured investment process
Why It Feels Complicated
Because:
• it goes through brokers
• it involves government issuance
• it is not traded like everyday stocks
Simple Summary
• Bamboo → NOT for direct FGN bond purchase
• ARM → YES (through subscription process)
Final Truth
If you want FGN bonds:
✓ go through a licensed broker
✓ follow the subscription process
Let Me Leave You With This
Before choosing any investment platform, ask:
• What is this app designed for?
Because:
✓ not every app supports every investment
And once you understand that…
Confusion disappears.
Rose Ejituru
See lessVitafoam issue bonus, 1for 5
Yes — the bonus issue is real. Vitafoam Nigeria Plc approved: ✓ 1 bonus share for every 5 shares you own What Does “1 for 5” Actually Mean? Let’s make it practical. If you have: • 5 shares → you get 1 extra share • 10 shares → you get 2 extra shares • 100 shares → you get 20 extra shares Important PRead more
Yes — the bonus issue is real.
Vitafoam Nigeria Plc approved:
✓ 1 bonus share for every 5 shares you own
What Does “1 for 5” Actually Mean?
Let’s make it practical.
If you have:
• 5 shares → you get 1 extra share
• 10 shares → you get 2 extra shares
• 100 shares → you get 20 extra shares
Important Point
You are NOT paying money for these shares.
✓ They are FREE
The company is simply converting its profits into shares and giving you.
Who Will Receive It?
Not everybody.
Only investors who:
✓ held the shares on or before the qualification date (Feb 6, 2026) (Nairametrics)
So… Has It Been Received?
Here is the honest answer:
It depends on processing — not everyone sees it immediately.
Let Me Explain With a Simple Example
Imagine the government shares relief food.
They first:
• write names
• verify people
• distribute gradually
Some people receive early…
Others later.
Same thing here.
Oya… Relax Let Me Explain
After a bonus issue is approved:
Step 1: Allotment
The company calculates who qualifies.
Step 2: CSCS Credit
Your new shares are sent to:
Central Securities Clearing System
Step 3: Broker Update
Then your broker (like your app) updates your portfolio.
Why You May Not See It Yet
1. Processing Delay
Bonus shares don’t reflect instantly.
2. App Delay
Even after CSCS updates…
Your app may take time to show it.
3. Registrar Processing
Registrars handle the distribution before it reaches your account.
Very Important Thing You Must Understand
Bonus shares do NOT increase your money instantly.
Why?
Because:
• number of shares increases
• price usually adjusts downward
Example
Before:
• 5 shares × ₦100 = ₦500
After bonus:
• 6 shares × ~₦83 = still around ₦500
✓ So your total value stays roughly the same initially
Let Me Be Honest With You
Bonus issue is NOT “free money”
It is:
✓ increase in number of shares
✓ not immediate profit
What You Should Do Now
1. Check Your CSCS Statement
That is the real source of truth.
2. Wait Patiently
Processing can take:
• days to a few weeks
3. Contact Your Broker If It Delays Too Long
Ask:
• “Has my bonus share been credited from CSCS?”
Final Truth
Yes — the bonus is real.
Yes — you will receive it (if you qualified).
But:
✓ it may not show immediately
✓ and it does not mean instant profit
Let Me Leave You With This
When you hear “bonus shares”…
Don’t think:
• free money
Think:
✓ “more shares, same value (for now)”
Because real profit comes later…
when the company continues to grow.
Rose Ejituru
See lessFG BOND l bought for January and March had not reflected on my invest Niger app
Your money is most likely NOT lost. Yes. But something may still need to be fixed or confirmed. Let Me Explain With a Simple Story Imagine you paid for land in January. And again in March. But your name has not yet appeared on the official land register. Does that mean: • the land is gone? No. It meRead more
Your money is most likely NOT lost.
Yes.
But something may still need to be fixed or confirmed.
Let Me Explain With a Simple Story
Imagine you paid for land in January.
And again in March.
But your name has not yet appeared on the official land register.
Does that mean:
• the land is gone?
No.
It means:
✓ the documentation or recording is not yet complete
That is exactly what may be happening here.
Oya… Relax Let Me Explain
When you buy FGN bonds through
Debt Management Office
There are steps before it reflects on your app:
1. Allotment Process
After you subscribe:
✓ the government processes and allocates the bonds
This can take:
• a few days to weeks
2. CSCS Credit
Your bond is then credited to your account with:
Central Securities Clearing System
If there is any issue here:
• it won’t reflect on your app
3. Broker/App Update
Finally:
✓ your broker updates your portfolio
This is what shows on
InvestNaija
Possible Reasons It’s Not Showing
Let’s be very practical.
1. Processing Delay
Sometimes:
• backend updates take time
• especially for bond instruments
2. Wrong or Missing CHN
If your:
• CHN (Clearing House Number)
• or CSCS details
are incorrect or not linked:
✓ it won’t reflect
3. Payment Not Fully Matched
If:
• payment reference has issue
• or bank reconciliation delay
It may not be posted yet.
4. Allocation Issue
Rare, but possible:
• partial or no allotment
What You Should Do NOW (Very Important)
Step 1: Confirm Your Allotment
Check your email for:
• allotment confirmation from broker
Step 2: Request CSCS Statement
This is key.
From:
Central Securities Clearing System
Check if the bond is there.
Step 3: Contact Your Broker Immediately
Reach out to:
InvestNaija
Ask clearly:
• “Has my bond been credited to my CSCS account?”
• “What is the status of my January and March subscriptions?”
Step 4: Provide Proof
Have ready:
• payment receipts
• transaction reference
• subscription details
Let Me Be Honest With You
Most times, this issue is:
✓ delay or record mismatch
Not loss of money.
Final Truth
If:
• you paid correctly
• and subscribed properly
Your bond exists.
It just needs to:
✓ reflect correctly in the system
Let Me Leave You With This
In investing, don’t panic immediately.
Instead ask:
• Has it been allocated?
• Has it been recorded?
• Has it been updated?
Because once you follow the process step by step…
Confusion disappears.
Rose Ejituru
See less