Tax compliance is now a big deal for individuals seeking to contest for political offices.
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In an executive bill scheduled to be passed in the national assembly, politicians found guilty of tax evasion will be barred from seeking elective offices.
The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, made the announcement while speaking at the 2024 strategic retreat for staff of the Joint Tax Board (JTB).
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Tax Compliance
Also, he said an amendment to the existing law will be sent to the National Assembly to enforce compliance and prevent the political class from defaulting.
Also, he shared the federal government’s plan for setting up a national tax amnesty programme.
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Oyedele said, “We’re moving beyond a clearance certificate, which can be easily obtained.
“Effective compliance involves a thorough examination of declarations, filings, and payments to determine if a candidate is genuinely fulfilling his responsibilities as outlined in the constitution.
“This issue arose during the last election.
“The argument was that the constitution doesn’t explicitly list compliance as a qualification criterion.
Sadly, late Chinemerem Anosikwa was a victim of police brutality as his life was cut short by a police officer over an undisclosed dispute.
Chinemerem Anosikwa
The police officer who is responsible for Chinemerem’s death is a member of visiting 12 PMF squadron identified as Inspector Aliyu Taofeek.
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According to reports, the killer policeman, Inspector Taofeek was one of the policemen attached to Skymall Supermarket located in Sangotedo, Ajah area of Lagos State.
Chinemerem Stabbed To Death
The policeman stabbed Chinemerem to death and took to his heels after committing what’s clearly a premeditated murder.
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However, it was reported that, the fleeing policeman has been arrested and in custody according to the statement released by the Lagos Police Command.
Also, the sad incident which occurred a few days ago has sparked an outrage among members of the public who are demanding justice for Chinemerem.
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Back in 2020, Police brutality led to the massive ENDSARS protest across the country a few years ago.
However, nothing much has changed since then, the latest murder of an innocent man by Inspector Taofeek is a reminder of the brutality embedded in the Nigerian Police Force.
In addition, Nigerians are calling for a swift investigation and prompt prosecution of Inspector Taofeek.
Three Things To Do On First Visit To Your Parents-in-Law House
If you are reading this article then two things are sure, it is either Prophet Metuh’s prophecy failed and rapture did not happen, or maybe, just maybe, you and I, the writer, have missed the rapture.
God forbid that we miss the rapture, but ‘see us se trouble ooooo’ as our X friends would say.
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Prophet Metu
We were just on our own, and that is how this self-proclaimed cleric, Prophet Metuh, came with his bold declaration that the world ‘will’ end today, April 25, 2024.
The controversial claim, which Metuh said he received through divine revelation, was shared in a widely circulated video on the social media platform, X.
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In the video, Metuh asserts confidently: “By the 25 of April, the world is going to end.
“This is real, rapture is coming, I saw it very clear. The lord ministered to me and mentioned it twice”.
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The Backlash
This message has sparked nothing but fury from social media users.
As a matter of fact, the prophet has been subject to ridicule across various social media channels.
Despite the backlash, Metuh stands firm on his prediction, urging the public to prepare for the end.
“This is not a joke, this is reality. Rapture is coming, prepare yourself,” he reiterated in the video.
His claims have not only caused amusement but also concern.
It has prompted responses from individuals questioning his credibility and the validity of his predictions.
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Rapture Day
Critics were quick to highlight theological disputes.
Ufezime Nelson Ubi wrote, “Even our saviour Jesus Christ did not know the day rapture will take place”.
Others took a lighter approach to debunking the prophecy.
Each time a Nigerian considers how much burden they bear to live in the nation, they wonder if improving the economy is a rocket science. Well, a former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, know better and he has something to share.
He says he knows why the Nigerian economy is struggling.
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Moghalu predicted that the road ahead for Nigeria would be rocky partly because the people don’t want change.
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Mr. Moghalu identifies Nigeria’s recent economic issues to include inflation, electricity tariff hikes, exchange rate volatility and naira value depreciation.
He identified the issues while addressing a group of 20 global institutional investors about the state of the Nigerian economy.
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Some of the investors were from the US and European asset management firms, valued at over $15 trillion.
It was a gathering at the Annual Spring meeting of the International Monetary Fund (IMF) and World Bank held in Washington DC.
According to Moghalu, the CEO of Sogato Strategies LLC, the current economic reforms are necessary, but government must manage the fallouts better.
He described the reforms as painful but necessary, stressing that they were needed to stabilise the economy as global investors are watching closely.
The former CBN deputy governor argued that investors’ sentiment was shifting from negative to a cautious, wait-and-see mode.
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This stance, he said, has been influenced mainly by the policy steps taken by the CBN in recent weeks and months.
“However, Nigeria’s external reserves have remained under pressure. If this trend continues, it will become a risk factor for the sustainability of exchange rate stability.
“Much depends on whether more forex income will be earned from increased oil production and exports.
“We hope that Dangote Refinery can positively impact the forex exchange pressures,” he maintained.
The economist also reviewed the inflation trends, monetary policy prospects, and the selective removal of subsidies on electricity tariffs.
He projected that inflationary pressures would remain elevated over the next two years despite the best efforts of the CBN.
This projection is based on a combination of security challenges and their impact on food supply.
He said that low electricity generation and distribution will continue to affect the Nigerian economy and projections for future growth.
“Economic productivity will not improve if a transformation does not occur in the power sector.
Subsidy Trinity
Also, the event focused on the “subsidy trinity” of fuel, currency, and electricity subsidies that have been the cornerstone of Nigeria’s reform agenda.
Also, the global investors and Moghalu discussed his briefing in a question-and-answer session under Chatham House rules (that is, without attribution of views expressed or questions asked and answered to specific participants).
It was agreed that caution still reigned regarding the possibility of an immediate return of large-scale capital inflows into Nigeria.
Have you ever tried reading an annual report or a stock market bulletin, but found the stock market terms too complex?
Would you believe if you were told that these stock market terms are as complicated as you thought they were?
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Yes! All you need to do is go closer to them, understand them and try to see how to apply them to stock trading.
An image of a young man trying to find his way around the stock market
These stock market terms are meant to help stockbrokers and investors know how to navigate the market.
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So, if you have developed a phobia or lost interest, you can start today after reading this article.
First, the stock market is a financial marketplace that connects investors and traders who want to buy and sell publicly traded company shares.
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Stocks, also known as equities, represent partial ownership of a company. The stock market consists of many stock exchanges, such as the Nasdaq or Nigerian Stock Exchange (NGX).
It also includes over-the-counter (OTC) marketplaces where investors trade securities directly.
The Gen-Zs are interested in the stock market but don’t understand the terms and concepts.
So, they just back out because some of these terms are difficult to understand.
Some of these terms and concepts will frustrate you, but once you get to know them, they will help you navigate the market.
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To start investing in the stock market, you must have a basic knowledge of the stock market.
Again, a good understanding of the stock market terms will make your trading better and more effective.
These terms will improve your stock market vocabulary.
An image of brokers looking at the stock market dynamics
Understanding The Stock Market Terms
Annual Report
An annual report is a yearly report that every company prepares to impress the shareholders of their company. The annual report carries various information about a company, from cash flow to management strategy.
Several people read the annual report to weigh the company’s solvency and judge their financial position.
Arbitrage
Arbitrage means purchasing something like foreign money from one place and selling it to another place where the price of the foreign money is higher than buying it.
For example: if stock is trading out ₦2000 from one market and ₦2100 on other markets, the trader must buy shares at ₦2000 from one market and sell them for ₦2100 on a different market.
By so doing he gets the difference in the amount between the market prices.
Averaging Down
Averaging down means the investor buys more stock when the price of a particular stock goes down.
This decreases the average purchase price of your specific stock.
Several investors use this strategy if they feel that consensus about a specific company is wrong, so they expect the stock price to jump back and earn profit.
Broker
A broker is a person who buys and sells investments on your behalf and, in exchange, takes a certain amount of money called a commission or fee.
Dividend
A dividend is a return that shareholders get when the company makes profit.
The company shares a portion of its earnings to shareholders on a quarterly or annual basis.
Not every company pays dividends, so, if you’re after penny stocks, you’ll likely not get any dividends.
The stock’s latest trading prices contain information that is given in a quote.
Sometimes, the quote is delayed by 20 minutes, and only a stockbroker working in an existing trading platform can see them.
Share Market
A share market is a market in which shares of a particular company are on sale for prospective buyers to buy.
The stock market is a definite example of a share market.
Bear Market
It is a market where investors talk about the stock market performing in a downward trend, or it is a certain period where the prices of multiple stocks are falling.
Bull Market
It is a market where investors talk about the stock market performing in an upward trend, or it is a certain period where the prices of multiple stocks are increasing.
Bid Price
A bid price is the amount you desire to pay for a particular share.
Other Major Terms You Should Know
Ask Price
Ask price is a specific price at which you are looking to sell a share.
Order
Order means the purpose of buying and selling shares in a given range of price.
For example, you have placed an order to buy 200 shares from company A, at a maximum price of Rs 50 per share.
Trading Volume
Trading volume means the number of shares that are traded on a particular day.
Market Capitalisation
It simply means the value of a company according to the stock market. The current value of all the shares of a company put together.
Intra-Day Trading
Intraday trading means buying and selling your desired stocks on the same day before trading hours is over.
Market Order
A market order is an order to buy and sell shares at the market price. Several investors don’t go with this Order because the trade price in the market order remains volatile.
An image of stock brokers
More Terms For Stock Market
Day Order
A day order is an order that remains good till the end of the trading day. Day Order will be canceled if it does not perform by the time the market closes.
Limit Order
A limit order is to buy shares below a fixed price and sell shares above a fixed price. It is advisable to use a limit order to trade shares.
Portfolio
The portfolio is a collection of all the investments that an investor has made right from purchasing a share for the first time.
Liquidity means how we can quickly sell stocks off the market. Shares that we sell on time consist of high trade volumes quickly and are called highly liquid.
IPO
IPO means a private company is turning into a public company by issuing its shares to the public for the first time. In the case of an IPO, the investor can buy the shares directly from the company.
Knowing these stock market terms will help you understand the stock market and make you a good trader.
To many, a person’s adolescence (teenage) years is a rollercoaster ride of emotions, challenges, and growth for both teens and their parents.
Parenting adolescents can feel exhausting, but fear not because with the right tips and mindset, you can not only survive but thrive during this transformative phase of your child’s life.
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Indeed, these parenting tips from real experiences and expert advice will help you a lot.
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Understanding Adolescents World
Empathy is key when it comes to parenting adolescents. Remember your own teenage years? It’s a time of discovery, self-doubt, and peer pressure.
Connect with your teen on their level by actively listening and validating their feelings.
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Your understanding, trust and open communication, is essential ingredients for a healthy parent-teen relationship.
Setting Boundaries With Compassion
Boundaries provide structure and security for adolescents as they navigate newfound independence.
Approach boundary-setting with compassion, explaining the rationale behind rules and consequences.
Negotiate when appropriate and allow your teen to have a voice in decisions that affect them.
By involving them in the process, you cultivate their sense of responsibility and respect for rules.
Encouraging Independence
As adolescents strive for free will, encourage them to make their own choices and learn from their experiences.
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Offer guidance and support while allowing room for them to explore their interests and passions.
Whether it’s choosing extracurricular activities or making decisions about their future, empower your teen to take ownership of their life journey.
Healthy Communication
Effective communication is the cornerstone of any successful relationship, especially during the teenage years.
Create a safe space for open dialogue by actively listening without judgment and expressing empathy and understanding.
Encourage regular check-ins and family meetings to discuss concerns, celebrate achievements, and strengthen bonds.
Preparing adolescents for the realities of adulthood involves teaching practical life skills.
From budgeting and time management to conflict resolution and decision-making, equip your teen with the tools they need to thrive independently.
Lead by example and involve them in household chores and responsibilities to instill a sense of accomplishment and self-support.
Prioritising Self-Care
It’s crucial to prioritise self-care for both you and your teen. Encourage healthy habits such as exercise, adequate sleep, and balanced nutrition.
Encourage hobbies and interests that promote relaxation and stress relief.
By teaching self-care practices, you demonstrate the importance of prioritising mental and physical well-being.
Celebrating Adolescents Milestones
Through the challenges of parenting adolescents, don’t forget to celebrate the milestones whether big and small.
Whether it’s passing a test, achieving a goal, encourage and celebrate your teen’s achievements.
Your support and encouragement fuel their confidence and strength as they navigate the ups and downs of adolescence.
Parenting teenagers is a journey filled with twists and turns. Embrace the challenges, cherish the moments, and remember, you’re not alone on this parenting adventure.
Juventus are reportedly considering cashing in on USMNT midfielder Weston McKennie this summer – rather than losing him for free next year.
McKennie
According to La Gazzetta dello Sport, the Old Lady have not reached an agreement over a new deal with the 25-year-old, therefore, they may try and sell him at the end of the season and take advantage of his impressive performances.
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After seemingly being out of favour at Juventus last season, resulting in a failed loan spell at Leeds, McKennie has drastically turned his fortunes around.
The former Schalke man, who has been linked with Manchester United, has bagged 10 assists over 34 appearances for the Turin outfit and has arguably been one of their best players this season.
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Despite that, it seems Juve are prepared to let him go, as there hasn’t been a breakthrough in contract talks thus far.
McKennie, who has a Harry Potter lightning bolt tattoo on his finger and his goal celebration is to wave an imaginary wand, played 20 times for Leeds last season but failed to score a goal, as they finished in the bottom three of the Premier League.
While contract talks may continue with Juventus and McKennie behind the scenes, the Italian giants host AC Milan on Saturday in a battle between third and second respectively in Serie A.
Gary Neville has launched a fresh attack on Mark Clattenburg and accused him of acting “like a Navy SEAL” for Nottingham Forest.
Neville Accuses Clattenburg Of Acting Like ‘Navy SEAL’
Forest’s insinuation that VAR official, Stuart Attwell, whom they referred to as a “Luton fan,” had been biased while officiating their defeat to Everton prompted Neville to liken their behaviour to that of a “mafia gang”.
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The public condemnation by Neville reportedly led Forest to consider legal action against him for his comments.
However, Neville has refused to back down and has now attacked their referee analyst Mark Clattenburg over his role at the club.
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He called for Clattenburg’s resignation at the weekend, citing concerns over his involvement in the controversial tweet and the team’s poor performance since he was appointed in his new role.
Speaking on the Stick to Football podcast, Neville said: “You’ve got Clattenburg almost like a Navy Seal in the director’s box crawling along to the CEO [whispering].
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“The reason I asked him to resign was because if he actually saw that Luton tweet that went out.
“He actually has to distance himself from it or he’s part of it.
“If he’s part of that, I’m like ‘wow’.
“The second part of it is it’s football, right.
“If you’re the leader of that football club, since Mark Clattenburg came in, in the last 10 games they’ve won one match.
“In the 10 games before, they won four”.
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Focus
Neville suggested that Forest should get over their obsession with referees and focus on their performances on the pitch.
“You never give football players or employees a get-out excuse ever,” he added.
“He’s given them an excuse to not win.
“Now that might sound crazy, but when you put that negativity in, Neco Williams, he’s probably a really good player, he’s coming out on Sunday and he’s talking about referees.
“They’re all consumed about referees, and they’ve given themselves an excuse, everyone’s against us.
“It’s not working for them this strategy of the way in which it’s going.
“What they need to do is switch their mentality completely and forget about referees.
“Get Clattenburg out the director’s box so the camera stops going on him and concentrate on football, because they’re going to go down if they’re not careful.”
Meanwhile, Neville will not be working as a pundit during Forest’s clash against Manchester City on Sunday and has instead been allocated to the north London derby between Arsenal and Tottenham.
North London Derby
Neville revealed that he had been sent a text by a Forest fan that read: “I’m just asking whether you’re at the Nottingham Forest and Man City game.
“I’m asking for 27,000 friends.”
The former defender then went on to confirm: “I rang Sky up and said I need the North London derby on Sunday! No.
However, Forest are just a point above the relegation zone after 34 matches.
They have to put in a few inspirational performances in the final four fixtures which include hosting City and Chelsea.
Also, the two remaining fixtures could be crucial in determining their fortunes as they are against Sheffield United and Burnley – with both teams currently in the drop zone.
Some people think women should mainly stay in the kitchen and take care of cooking and household chores. They believe it’s their job and they should focus on it.
However, others think this idea is old-fashioned and unfair to women.
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They believe women should have the freedom to choose what they want to do, whether it’s cooking, pursuing a career, or anything else. It depends on different beliefs and cultures.
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Diary Of A Naija Girl
In a recent episode of a podcast, Mojisola Hunponu-Wusu, the CEO of Woodhall Capital, sparked a thought-provoking conversation by revealing that she has never cooked at home.
The founder of Woodhall Capital, Mojisola Hunponu-Wusu, said she’s been married for 20 years but has never done cooking at home.
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She talked about this on ‘The Diary Of A Naija Girl” podcast with Ifedayo Agoro.
Hunponu-Wusu explained that she would have liked to cook and do other chores, but she never had the time.
She said: “I don’t get to cook. I would have loved to get more time, not even for cooking but for other things across the family.
“So, I’m not even zooming in on cooking… I love and admire women who have the time but I’m through to the path God has set me and that is the entrepreneurial path”.
When she was asked if her husband was worried about her not cooking, she replied that cooking might not be his way of expressing love.
Hunponu-Wusu’s recent statement has started a discussion about what women should do at home.
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Hilda Baci Speaks About Cooking
Some people think that nowadays, men should help their wives in the kitchen.
But a well-known Nigerian chef named Hilda Effiong Bassey, also known as Hilda Baci, recently said she wouldn’t be with a man who can cook.
The former Guinness World Record holder said she enjoys cooking and wouldn’t want a man who is better than her in the kitchen.
“I don’t want a man who knows how to cook.
“I really enjoy cooking. My friends can tell you. I love to show my love by cooking for them.
“If you’re my man, I’ll cook for you anytime. If you wake me up in the middle of the night asking for a doughnut or a meat pie, I’ll happily make it for you.
“That’s my thing. I want a man who can order food for me. If you’re okay with ordering food for me, then I’m in love,” Baci said in a viral podcast video shared on X (formerly Twitter).
2024 Workers Day: See Nigerians Reaction Over The Labour Union’s Demands
You may have seen the #Rapture trending on social media, and you cannot help but wonder what is going on. Have I been left behind? Some wonder.
We will not be surprised if you have even started praying to God to forgive you of all your sins.
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Yes, we know. We do not blame you either, because that is you behaving as a typical Nigerian.
Prophet Metu
Well, there is no need to panic, rapture has not started yet.
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Now, back to why the hashtag is trending.
You see, a trending video showing a Nigerian prophet revealing that rapture and the end of the world will occur simultaneously on April 25, 2024 surfaced on social media.
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The Prophecy
The prophet, with the handle @Prophetmetu on social media platform X, claimed that the Lord took him on a trance on two separate occasions.
It was in that trance that he saw signs that foretell these impending events.
Admitting his own fear regarding the visions he received, the pastor called on believers and non-believers alike to start preparing for rapture.
In his words: “If you like take it serious(ly), if you like don’t take it serious(ly), but this is real: rapture is coming on the 25 of April, 2024. I saw it very clear.
The Trance
“The date was very clear, the Lord ministered it to me twice, it has happened twice.
“I saw myself in a trance and I saw two mountains, everything was clear, it is real. I am even afraid right now.
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“But if you have not prepared yourself for the rapture, start preparing yourself now, it is real.
“If you read your bible very well, you will know that every sign that is stated that is going to happen before the end of the world has come to pass so it is only remaining one thing which is rapture”.
Now, hours into the day, Nigerians are still waiting for the manifestation of the pastor’s revelation.
As a matter of fact, many tweeps have started calling him out.
They want to know the exact time in the day the rapture will happen.
Are You Prepared?
Woe unto this prophet if his prophecy fails to come true, Nigerians will drag life out of him.
