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TAX & GOVERNMENT FINANCE

This section explains how taxation works in Nigeria. Learn how to file your taxes, understand FIRS, NRS and state tax systems, and stay compliant. Ask questions and get clear answers to avoid costly mistakes.

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Fokona Latest Questions

Thelma
Thelma
Asked: October 6, 2026In: TAX & GOVERNMENT FINANCE

How Do I File Annual Tax Returns for a Limited Liability Company in Nigeria?

How do I file annual tax returns? My company is a limited liability company and I was told to pay tax for the state government before it’ll be filed to the federal. How do I know how much I’ll pay ...Read more

- business taxesannual tax returnscompany annual returnscompany tax returns
2
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Sammykliens
Sammykliens
Asked: October 2, 2026In: TAX & GOVERNMENT FINANCE

What Nigerian Companies Could Benefit From the Growth of Dangote Refinery?

Hi,can you pls list names of company that will be beneficiary indirectly or direct in Dangote refinery ?

ngx stocksrefinery ecosystem
1
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  • 1 1 Answer
Anonymous
Anonymous
Asked: October 1, 2026In: TAX & GOVERNMENT FINANCE

How Much Will ₦5 Million Grow to in a Money Market Mutual Fund Over 17 Years?

Calculate my total investment for 17 year MMMF if I invest #5 deposit

17-year investmentcompound interest
1
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  • 1 1 Answer
Anonymous
Anonymous
Asked: September 30, 2026In: TAX & GOVERNMENT FINANCE

How Do I Calculate Compound Interest on ₦2.5 Million at 16.77% Per Year?

With compounding interest, calculate the total interest of the capital of 2.5m where interest is 16.77% per anume. If I invest 2.5m naira. What’s gonna be my 12 months return of interest

16.77% interestcompound interest
1
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  • 1 1 Answer
John Ofordile
John Ofordile
Asked: September 29, 2026In: TAX & GOVERNMENT FINANCE

How Can I Check the Trustee of an Investment Fund in Nigeria?

Aw do I know the trustee’s or fund manager of an investment app.

fund managertrustee nigeria
2
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  • 2 2 Answers
Anonymous
Anonymous
Asked: September 29, 2026In: TAX & GOVERNMENT FINANCE

How Can I Buy FGN Bonds as a Beginner in Nigeria?

Explain to me in detail how Bond works and how can I buy it

bond maturityfgn securities
4
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  • 4 4 Answers
Omotoso olamilekan Solomon
Omotoso olamilekan Solomon
Asked: September 13, 2026In: TAX & GOVERNMENT FINANCE

Are Dividends From Nigerian Shares Subject to Tax?

Please i knew that,tax will automatically reduced from your interest when investing in Treasury bills because have invested in it, but what about interest of money market mutual funds or about dividends. Secondly i registered my business last year November ...Read more

firs taxtin nigeria
1
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  • 1 1 Answer
Anonymous
Anonymous
Asked: August 24, 2026In: TAX & GOVERNMENT FINANCE

How Is Tax Calculated on ₦50 Million Annual Revenue in Nigeria?

how tax work in Nigeria

business taxcompany income taxfirsnigeria taxtaxable income
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OluyomiWilliamsImole
OluyomiWilliamsImole
Asked: August 6, 2026In: TAX & GOVERNMENT FINANCE

Do I need to worry about penalties if I missed the March 31 tax filing deadline in Nigeria?

Please the last time we were to file tax (March 31st 2026) deadline, I tried getting the tax website of my both my resident and home states both all to no avail, I tried contacting a few friends I know ...Read more

annual tax returntax compliancetaxation
2
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  • 2 2 Answers
Ugwu Samuel
Ugwu Samuel
Asked: July 29, 2026In: TAX & GOVERNMENT FINANCE

Do salary earners who pay PAYE need to file annual tax returns in Nigeria?

As a salary earner who pays PAYE. It deducted from my payment every month. Do I need to fill my tax. I want to know because we already pay tax every month

annual tax returnfirspayepaye nigeriatax filing
2
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  • 2 2 Answers
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