The 10 Most Valid Ways to Fund a Startup

One of the most frequent questions I get as a mentor to entrepreneurs is, “How do I find the money to start my business?” I always answer that there isn’t any magic, and contrary to popular myth, nobody is waiting in the wings to throw money at you just because you have a new and exciting business idea.

On the other hand, there are many additional creative options available for starting a business that you might not find when buying a car, home or other major consumer item. If you have the urge to be an entrepreneur, I encourage you to think seriously about each of these, before you zero in on one or two, and get totally discouraged if those don’t work for you. Continue reading.

FG Orders IOCs To Pay $20bn in Back Taxes

The Federal Government has ordered international oil companies operating in the country to pay nearly $20bn in taxes it says are owed to states.

In a letter sent to the companies earlier this year via a debt-collection arm of the government, Nigerian National Petroleum Corporation cited what it called outstanding royalties and taxes for oil and gas production, according to Reuters. Continue

FG Earns N1.1tn From VAT, Recovers N33bn From Defaulters

The National Bureau of Statistics has said that the country generated a total of N1.1tn as Value Added Tax revenue in the 2018 fiscal period.

The amount is contained in the VAT report for the fourth quarter of 2018, which was released by the NBS on its website.

A breakdown of the N1.1tn VAT revenue showed that the government earned N269.79bn in the first quarter, N266.73bn in the second quarter and N273.5bn in the third quarter. Read more

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