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🗣️Hello Nigerians,
Last week, President @officialABAT signed the N54.99 trillion 2025 Appropriation Bill into law. Of the amount, the Federal Government will generate a revenue of N41.81 trillion, leaving a deficit of N13.08 trillion.
A breakdown of the revenue shows that FG’s share of net federation revenues is N27.49 trillion, i…Read More
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David Osima and
TonyBellardi are now friends
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IT IS NOT LONG I PROMISE, JUST OPEN AND ENJOY THE READ…….
Note on Key Audit Letters.
In auditing, three critical documents—the letter of engagement, management representation letter, and management letter—serve distinct yet interconnected roles. Each addresses specific needs, fulfills a unique purpose, and holds significant imp…Read More
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Happy new month🎉 Rejig family , may the month be better than last month in all ratification. Amen🙏🏾.
Happy new month once again 🎉
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Which would you prefer : High risk investment in terms of agriculture, animal husbandary and lending. Or low risk investment in terms of fixed deposit, trading i.e buying and selling, stock investment.
Note : the main point is profitability rate….not volume of transactions.
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Audit working paper ! what do you know about it?
Audit working papers, also known as audit documentation, are the cornerstone of the audit process. They are the written records that form the foundation for the auditor’s conclusions and opinions. These documents are pivotal not just for the audit’s execution but also for its review, quality…Read More
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We are in the season of love 💕
Celebrate, share and preach love.
In all aspects, from loved one’s to the guy/lady on the street.
In as much we make effort to love another, let love ourself first.
Tomorrow I will be having a threesome, me, myself and l.
We deserve the love we want.Happy Valentine’s Day 💘.
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Very important to know how your financial decisions affects your business and even your cash management and cash flow.
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Is good to be good at what you studied in sch. High star for Osima🙌
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Happy new month fellas, 🥳🥳 may we find favour before God and man this month Amen 🙏🏾
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It’s been an incredible month working alongside these amazing colleagues. I’ve gained valuable insights into the field, learning everything from the basics of annual returns filing to hands-on preparation of:
Annual returns (from H)
Income projections
Withholding tax returns
Schedules of paymentsI’ve also explored the world of corporate…Read More
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I’ve had the experience of analyzing bank statements, which was both challenging and enjoyable.
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If greeting would lead to billing, what would you do?
Let hear you?
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Okporoko (Stock fish), used in many homes in Nigeria 🇳🇬. It was brought to Nigeria by International Red Cross from Norway 🇳🇴 to feed hungry children and mother during the Nigeria Civil war.
Okporoko, is today unarguably can be found in every home in Nigeria 🇳🇬.
Its a multi million dollars industry.
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Have you heard the phrase Corporate Financing?
CORPORATE FINANCING.
Corporate Financing is the sourcing of funds for a business proposal or company’s investment.
There are two ways to source for fund ;
Debt and Equity.What is Debt financing?
Debt financing is the sourcing of funds through loans from banks or issuing corporate…Read More1 Comment-
Thank you very much. Please how do you arrive at the percentage equity to offer investors?
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Do you know what withholding tax (WHT) is ? Here is a brief summary
Understanding Withholding Tax in Nigeria.
Withholding Tax (WHT) in Nigeria is an advance payment of income tax, ensuring tax compliance and reducing evasion. It’s not a separate tax but an advance payment on the final tax liability.
WHT helps capture tax at source, ensuring…Read More4 Comments -
irikejirik and
David Osima are now friends
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🇳🇬 is ranked 35th in Africa with 59.57 per cent literacy rate. Literacy rate is more about the capacity of people to read and write in the official language.
Do you agree 🤔
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Nigeria’s literacy rate is among the lower in Africa, but it has been improving over time:
Literacy rate
Nigeria
63.2%
Mozambique
61%
Sudan
61%
Guinea-Bissau
60%
Nigeria’s literacy rate has been increasing steadily, from 68.11% in 2010 to 77.62% in 2021. However, the literacy rate varies by gender and region in Nigeria:
Gender
In 2018, the…Read More -
Nigeria needs to do better than we are. There is no substitute for good education. Everything cannot be money.
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2024, a beautiful year it has been, Thanks to God for is mercies and grace all through the year. To my Rejig family, it has been an amazing year with you guys ❣️ special thanks to @princessjoy @quincyomatsuli8 @bigstan @akenamif2 @admin and every other member.
See you in 2025 🥂
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Thank you Dave. We love you. Next year will come even stronger for the RejiG family.
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“INVESTING IS NOT A SCAM”
scrolling through X, when my attention was caught to the post below…….I thought to myself crazy number in this state of economic. so I decided so do a little research on the NIGERIAN STOCK EXCHANGE (NSE).
The Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, is an integrated stock exchange group in…Read More
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I can’t post the screenshot I took but here is what he wrote ” it was a tough year for the Nigerian economy, but yet Nigerian investors made 15 trillion naira this year from major stock market. Investment is not scam ,”
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I have heard a clegyman complaining bitterly abt losing hundreds of million naira in NSE. The volatility of stock exchange I think is very high. One has to be extra careful when investing.
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The NGX does not have high volatility you can check yourself…..for your lose that kind of moy means you invest a lot .
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proposed budget for 2025
estimated expenditures is 49.74 trillion naira.
estimated revenue is 36.35 trillion naira ( if met, Nigeria has never meet it proposed revenue, it always fall short of about 20% – 40%, 2024 revenue was achieved by approximately 70% of the proposed revenue). Because we don’t have enough money to fund our expenditures, we…Read More -
I didn’t know it going to be this long😭 I tried to make little but comprehensive also for others
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Proposed budget for 2025 breakdown by president Bola Ahmed Tinubu.
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Looks cool on paper. How will the implementation positively impact the economy?
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Positively, on infrastructure I think it will be a gateway for more economic prosperity as it will bring about all forms of economic activities from employment to production and localized industries. But my problem with this Budget is that we tend to pay more for debt servicing than we intend to borrow for economy development. Cus how can you pay…Read More
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David Osima is with RejiG Team
I had issue login on Monday and Tuesday tried multiple times didn’t work, tried to register new account still didn’t work, I don’t it was network issue cause all other apps and platforms on my device were working fine, just randomly tried it again around noon yesterday and it opened.
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Thanks for informing us. I’ve informed the programmers to look into the issue. Please keep updating us if you have any issues logging in.
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The difficulty with login by password has been fixed. Thanks for bringing this to our attention. Please check.
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What Does Liquidity Mean?
It is a measure of how quickly and easily you can turn an asset into cash without significantly affecting its value.
High liquid assets are those that can be converted to cash quickly, like:
– Cash itself
– Savings in a bank account
– Mutual funds, etc
Low liquid assets are those that take time or effort to…Read More1 Comment-
I strongly agree with the concluding part of this article. Thanks.
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David Osima and
arharhireanthonia are now friends
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emonenakeno and
David Osima are now friends
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David Osima is with RejiG Team
CBN’s New Electronic Foreign Exchange Matching System (EFEMS) appears to be the key driver of the Naira’s appreciation in the FX market this week.
In case you don’t know what EFEMS is and you’re wondering why the Naira appreciated this week, here is a summary:
Two months ago, the CBN announced its plan to introduce the Electronic Foreign…Read More4 Comments-
Thank you for this post. Transparency is very important in forex issues. If there is no abuse, the naira should be atleast stable. I appreciate this highly educative post.
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*Here is a snapshot of Tinubu’s new Tax Reforms*
Take a look at it and comment what you think of it.
1. Any business with less than N50million turnover are exempted from tax payment.
2. over 90% of workers in public and private sector will no longer pay income tax.
3. Over 82% of what low income persons consume will be VAT…Read More
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Ehis Silas and
David Osima are now friends
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They are all good. Depends on how diversified one can be.