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Can Federal Government Bonds Lose Value Before Maturity in Nigeria Stock Market?
Yeah, that can happen and it’s normal. Your FGN bond hasn’t really lost value unless you sell it now. What you’re seeing (₦5000 to ₦3800) is just the current market price, which goes up and down mostly because interest rates have increased. If you hold it till maturity, you’ll still get your full ₦5Read more
Yeah, that can happen and it’s normal.
Your FGN bond hasn’t really lost value unless you sell it now. What you’re seeing (₦5000 to ₦3800) is just the current market price, which goes up and down mostly because interest rates have increased.
If you hold it till maturity, you’ll still get your full ₦5000 plus interest.
See lessHow Can Beginners Overcome Fear of Losing Money When Investing in Nigeria?
Most beginners fail to invest because they think risk means gambling their money. In reality, smart investing means taking calculated risks, starting small, and choosing investments you understand. Risk becomes easier to handle when you only invest money you can afford to leave untouched and focus oRead more
Most beginners fail to invest because they think risk means gambling their money. In reality, smart investing means taking calculated risks, starting small, and choosing investments you understand.
Risk becomes easier to handle when you only invest money you can afford to leave untouched and focus on long-term growth instead of quick profits.
Don’t try to eliminate risk learn to control it by starting small, diversifying, and investing consistently while you learn.
See lessDo Employees Paying PAYE in Nigeria Need to File Tax Returns or Submit Proof of Deduction?
Even though your employer deducts PAYE directly from your salary, the tax authority can require proof that the deductions were actually made and remitted on your behalf. The usual evidence is your PAYE tax receipt, tax clearance certificate, or an annual deduction statement issued by your employer.Read more
Even though your employer deducts PAYE directly from your salary, the tax authority can require proof that the deductions were actually made and remitted on your behalf.
The usual evidence is your PAYE tax receipt, tax clearance certificate, or an annual deduction statement issued by your employer.
PAYE is deducted automatically, but you should still keep proof of the deductions for tax filing and records.
See lessWhen filing my tax, what year should i put under "Year of Assessment?"
In Nigeria’s tax system, income earned in one year is assessed in the following year. So the Year of Assessment refers to the year you are filing and being evaluated for that previous income. For example, If you earned income in 2025, your Year of Assessment will be 2026. Income year comes first, YeRead more
In Nigeria’s tax system, income earned in one year is assessed in the following year. So the Year of Assessment refers to the year you are filing and being evaluated for that previous income.
For example,
If you earned income in 2025, your Year of Assessment will be 2026.
Income year comes first, Year of Assessment is the next year when you file the tax return.
See lessWhat Is the Difference Between Federal and State Tax in Nigeria (FIRS vs State Internal Revenue Service)?
In Nigeria, taxes are shared between the Federal Government and State Governments, and each one handles different types of taxes. Federal taxes are collected by the Federal Inland Revenue Service (FIRS now NRS) and mainly apply to companies and nationwide taxes like Company Income Tax, VAT, and PetrRead more
In Nigeria, taxes are shared between the Federal Government and State Governments, and each one handles different types of taxes.
Federal taxes are collected by the Federal Inland Revenue Service (FIRS now NRS) and mainly apply to companies and nationwide taxes like Company Income Tax, VAT, and Petroleum Profit Tax.
State taxes are collected by each state’s Internal Revenue Service (for example, Lagos State IRS) and mostly apply to individuals especially Personal Income Tax under PAYE.
FIRS handles company and national taxes, while State Internal Revenue Services handle personal income taxes for residents.
See lessI Started Investing at 50 – Is It Too Late to Build Wealth and What Should I Do With My Small Income?
No it’s not too late to build wealth, even if you started at 50. The biggest win here is already done: you changed your habits, gained clarity, and took control. Wealth building is less about age and more about consistency and smart decisions going forward. Here’s the simple reality, You may not invRead more
No it’s not too late to build wealth, even if you started at 50.
The biggest win here is already done: you changed your habits, gained clarity, and took control. Wealth building is less about age and more about consistency and smart decisions going forward.
Here’s the simple reality,
You may not invest as aggressively as someone in their 20s, but you can still grow meaningful financial security by focusing on steady, low-risk investments and disciplined saving.
Start small, stay consistent, avoid risky shortcuts, and prioritise investments that protect and grow what you have.
Focus on things like emergency savings first, then stable options such as money market funds, pension contributions, or conservative investments that match your income level.
The goal now isn’t quick wealth it’s financial stability, peace of mind, and gradual growth, and you absolutely still have time to achieve that.
See lessWill I Receive GTCO Dividends If I Buy Shares Before the Payment Date in Nigeria?
Thanks for this question, Usually any publicly listed company that propose dividend always have a qualification date for that dividend. qualification date tells you the time frame or window you still have to buy the shares before you qualify for their dividend, so here is what to do, visit NGX and lRead more
Thanks for this question,
Usually any publicly listed company that propose dividend always have a qualification date for that dividend.
qualification date tells you the time frame or window you still have to buy the shares before you qualify for their dividend, so here is what to do,
visit NGX and locate gtco, open their corporate disclosure and find the particular file they publish on the dividends proposal, open the file and you will see something like qualification date, if you buy gtco shares before that date you will be qualified to pay dividend when they pay on 28.
See lessDo I Still Need to File Personal Income Tax in Nigeria If It’s Deducted from My Salary (PAYE)?
Yes, you still have to file your personal income tax return. Even though your tax is deducted automatically through PAYE, the new tax framework says employees must still submit an annual tax return to confirm their total income and compliance. PAYE deduction does not replace personal filing. Your emRead more
Yes, you still have to file your personal income tax return.
Even though your tax is deducted automatically through PAYE, the new tax framework says employees must still submit an annual tax return to confirm their total income and compliance. PAYE deduction does not replace personal filing.
Your employer deducts the tax but you still file the return yourself.
You usually won’t pay extra money unless you have other income; the filing is mainly for record and legal compliance.
See lessIs this platform Fokona only for financial literacy?
Yes for now , whatever ever question you have about finance, wealth and economy at Large this is where to get your answers.
Yes for now , whatever ever question you have about finance, wealth and economy at Large this is where to get your answers.
See lessWhat are the basic things to look out for when buying land ?
When buying land, there are a few key things you definitely want to check to avoid getting caught in legal issues later on which are, 1:Title Deed: Make sure the seller has the proper title deed and it's not encumbered by debts or disputes. Verify that the title is genuine and that the person sellRead more
When buying land, there are a few key things you definitely want to check to avoid getting caught in legal issues later on which are,
1:Title Deed: Make sure the seller has the proper title deed and it’s not encumbered by debts or disputes. Verify that the title is genuine and that the person selling the land is the actual owner.
2:Land Ownership Verification: Check with the local land registry to confirm that the land is registered and there are no conflicting claims. You can even check if the land has been used for any court cases or disputes.
3:Land Use and Zoning: Ensure that the land is zoned for the purpose you intend to use it for. Some lands have restrictions based on zoning laws (e.g., agricultural, residential, commercial).
4:Outstanding Liabilities: Ask if the land has any unpaid taxes or utility bills, as you could be liable for them once you take ownership.
5: Land Boundaries: Confirm the exact boundaries of the land with a surveyor. This helps avoid disputes over land lines with neighbors later on.
6:Court Orders or Pending Litigation: Check if there are any pending lawsuits or court orders that involve the land. You don’t want to end up with land that’s part of a legal battle.
7:History of the Land: Do a background check to ensure the land hasn’t been sold multiple times or used in fraudulent schemes.
See less