1. Asked: March 29, 2026In:

    What Is the Difference Between a Market Order and a Limit Order in Stock Trading?

    Edith Ejenavwo
    Edith Ejenavwo Contributor

    A market order is an order to buy or sell a security immediately. This type of order guarantees that the order will be executed, but does not guarantee the execution price. A market order generally will execute at or near the current bid price (for a sell order) or ask price (for a buy order). HowevRead more

    A market order is an order to buy or sell a security immediately. This type of order guarantees that the order will be executed, but does not guarantee the execution price. A market order generally will execute at or near the current bid price (for a sell order) or ask price (for a buy order). However, it is imperative for investors to remember that the last-traded price is not necessarily the price at which a market order will be executed, whereas…

    A limit order is an order to buy or sell a security at a specific price or better (higher). A buy limit order used when buying can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher (this aids higher returns).  Example: An investor wants to purchase shares of ABC stock for no more than 400 naira per share.  The investor could submit a limit order for this amount and this order will only execute if the price of ABC stock is 400 naira or lower.

    In placing a market order, there is no specific price, the order executes at the current price or near the current price, while in placing a limit order, there is usually a specific price which would be executed once that price is hit.

    There is also a stop-order.

    A stop order, also referred to as a stop-loss order is an order to sell a stock once the price of the stock reaches the specified price, known as the stop price.

    The stop-loss order is used to protect capital and returns when there is a drop in share price.

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  2. Asked: March 22, 2026In:

    When Is the Tax Filing Deadline for a New Taxpayer Who Registered in 2026?

    Iking Ferry
    Best Answer
    Iking Ferry Fokona CEO Investment Strategist and Financial Literacy Advocate

    Many people get confused about tax filing in Nigeria because they mix up personal income tax and company income tax Let me explain The First thing you must understand is that Personal income tax and company income tax are not the same If your business is a small business under your name like a soleRead more

    Many people get confused about tax filing in Nigeria because they mix up personal income tax and company income tax

    Let me explain

    The First thing you must understand is that Personal income tax and company income tax are not the same

    If your business is a small business under your name like a sole proprietorship or enterprise, then you will file personal income tax

    If your business is registered as a limited liability company, then it will file company income tax

    Now let me explain the timing in a way that even Mama Ngozi that sells Tomatoes in the Village will understand.

    Imagine:

    Mama Ngozi starts her tomato business in January 2026

    From that day, she begins to record everything she sells and all her income

    She cannot file tax immediately because she has not completed one full year of business

    She will keep records from January to December 2026

    After the year ends, she will now calculate everything she made

    Then she will file her tax in 2027

    That is how it works

    Now here is the key difference many people don’t know

    Personal income tax deadline is always March 31 every year

    Company income tax is usually filed after the company has completed 12 months of operation

    Let me tell you Another important truth

    Even if you just started a business in 2026, if you had personal income in 2025, you are still expected to file your personal income tax for 2025 before March 31 2026

    That is because tax is always based on the previous year

    Another important thing is business commencement date

    YES… When you register with FIRS, now Nigeria Revenue Service, they will ask for your business start date

    That date is very important because that is when your tax record begins

    From that date, you count 12 months of business operation before filing

    In Simple English…

    If it is personal income tax, file every year before March 31

    If it is company income tax, file after one full year of business

    Tax is not about when you register, it is about when you start earning and recording income

    Once you understand this, you will never miss your tax deadline again and you will stay compliant without stress

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