BABAJIDE OWONIYA

Chartered Accountant, Chelsea FC for life,

[BABAJIDE OWONIYA @bowomuyi]

@datamaxreg
Good morning

I have my E-Dividend Mandate with you.
Shareholder number: 708445

I have not received dividend no: 67 declared and paid on April 28, 2026 in respect of my shares in GTCO.

Thanks.

[Taiwo Oyedele @taiwoyedele]

𝐍𝐢𝐠𝐞𝐫𝐢𝐚'𝐬 𝐓𝐚𝐱 𝐑𝐞𝐟𝐨𝐫𝐦 𝐋𝐚𝐰𝐬 𝐇𝐚𝐯𝐞 𝐁𝐞𝐞𝐧 𝐏𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥 𝐆𝐚𝐳𝐞𝐭𝐭𝐞

Enacted on 26 June 2025, the new tax laws are, the -

1. Nigeria Tax Act, 2025 (NTA)
2. Nigeria Tax Administration Act, 2025 (NTAA)
3. Nigeria Revenue Service (Establishment) Act, 2025 (NRSEA)
4. Joint Revenue Board (Establishment) Act, 2025 (JRBEA)

Key highlights include:

𝑯𝒊𝒈𝒉 𝒆𝒙𝒆𝒎𝒑𝒕𝒊𝒐𝒏 𝒕𝒉𝒓𝒆𝒔𝒉𝒐𝒍𝒅 𝒇𝒐𝒓 𝒔𝒎𝒂𝒍𝒍 𝒄𝒐𝒎𝒑𝒂𝒏𝒊𝒆𝒔 - 0% tax for a small company, defined under the NTAA as having an annual turnover not exceeding N100m with a total fixed assets less than N250m.

𝑳𝒐𝒘𝒆𝒓 𝒄𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒆 𝒕𝒂𝒙 𝒓𝒂𝒕𝒆 𝒇𝒐𝒓 𝒍𝒂𝒓𝒈𝒆 𝒄𝒐𝒎𝒑𝒂𝒏𝒊𝒆𝒔 – Provisions to enable the reduction of tax rate from 30% to 25% for large companies effective from a date as may be determined in an Order by the President on the advice of the National Economic Council.

𝑯𝒊𝒈𝒉 𝒕𝒉𝒓𝒆𝒔𝒉𝒐𝒍𝒅𝒔 𝒇𝒐𝒓 𝒕𝒐𝒑-𝒖𝒑 𝒕𝒂𝒙 – Exemption threshold of N50b revenue for local firms and €750m equivalents for multinationals.

𝑬𝒄𝒐𝒏𝒐𝒎𝒊𝒄 𝒅𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒊𝒏𝒄𝒆𝒏𝒕𝒊𝒗𝒆 - Tax credit at the rate of 5% per annum for eligible priority sector investments.

𝑷𝒂𝒚𝒎𝒆𝒏𝒕 𝒐𝒇 𝒕𝒂𝒙𝒆𝒔 𝒊𝒏 𝑵𝒂𝒊𝒓𝒂 - Option to pay taxes on foreign currency transactions in Naira at the prevailing exchange rate in the official foreign exchange market.

𝑪𝒐𝒎𝒎𝒆𝒏𝒄𝒆𝒎𝒆𝒏𝒕 - The NTA and NTAA will commence on 1st January 2026 while the NRSEA and JRBEA have a commencement date of 26 June 2025 to ensure readiness of the relevant institutions ahead of full implementation in 2026.

Download copies of the laws here: https://t.co/SwnZM5VgMK

[The Yoruba Times @TheYorubaTimes]

Alaafin stool: Oyo Mesi members were present when I consulted Ifa —Prof Wande Abimbola

Speaks on How Islam came into Yorubaland’

Interview by Lasisi Olagunju, Festus Adedayo and Saheed Salawu

January 18, 2025

A former Vice Chancellor of the University of Ife (now Obafemi Awolowo University, Ile-Ife), Professor Wande Abimbola, was third republic Majority Leader of the Nigerian Senate. The professor of Ifa divination who was installed as the Awise Awo Agbaye in 1981 at Ile Ife, speaks with LASISI OLAGUNJU, FESTUS ADEDAYO and SAHEED SALAWU on the role he played in the emergence of the new Alaafin of Oyo. He also talks about other issues affecting religion, culture and tradition in Nigeria and Yorubaland in particular.

You were involved in the choice of the Alaafin. How did it start?

Well, someone interviewed me yesterday or day before and it has gone viral. I don’t regret what I said, but I don’t want to say too much anymore; only to let you know that for the first time in modern times in Yorubaland, Ifa played a key role in the selection of a prominent oba. I said for the first time because in the past, in the entire Yorubaland, that is how it was always done. Ifa used to be the one who would pick the successor to the king who died. And any time they did that, it was not done with the influence of money or position. The choice of Ifa was always respected. But in recent times, they don’t do that anymore; it is now usually done with the influence of money. So, I was happy and surprised, too, that we could find a governor who says that we should consult Ifa. A year or two ago, we divined and it was so easy to pick someone, anyone — I didn’t want to know the person. That was how Ifa selected a person.

We did it and for a long time, we didn’t hear anything again. Actually, I came home for the marriage of one of my sons in Lagos. When the governor heard that I was around, he said he was just about to send for me again because he was ready, and the kingmakers were fighting among themselves. Some of them were questioned by the EFCC because it was allegations galore; some of them received money, plenty of money. Two days ago, they summoned me again and he said they presented names to me last year so, which one? I said the one Ifa picked remained the choice of Ifa. Fortunately, when they screened him, that number one, they didn’t find anything wrong; he hadn’t committed any crime. They know how they do their own screening. That was the person whose name was announced.

[Dr Ola Brown @NaijaFlyingDr]

Are you raising money for your business and in need of any easy to follow guide?

Download JTA today!

[Dr Ola Brown @NaijaFlyingDr]

Echolics basic introduction to econometrics

https://t.co/5GsMYIxFNY

[Dr Ola Brown @NaijaFlyingDr]

As I transitioned from operating a 'real sector' business to managing a fund, I've frequently pondered the significant mindset shift required.

This echoes the sentiments of Aliko Dangote, who astutely noted that banking and 'real sector' businesses are distinct, each demanding unique skill sets.

He candidly admitted to having overlooked these differences, when he started his now defunct bank.

[Dr Ola Brown @NaijaFlyingDr]

ARDL stands for AutoRegressive Distributed Lag. It's a statistical model used to estimate the relationship between two or more time series variables.

ARDL models are particularly useful for analyzing the short-term and long-term effects of changes in one variable on another.

The ARDL model combines the features of:

1. AutoRegressive (AR) models: capturing the relationship between a variable and its past values.
2. Distributed Lag (DL) models: capturing the relationship between a variable and past values of other variables.

The ARDL model can be represented as:

Y_t = β0 + β1Y_(t-1) + … + βpY_(t-p) + γ0X_t + γ1X_(t-1) + … + γqX_(t-q) + ε_t

Where:
Y_t = dependent variable
X_t = independent variable
β = AR coefficients
γ = DL coefficients
ε_t = error term
p = number of lags for Y
q = number of lags for X

[Life Pad @The_Life_Pad]

Healthy tips : save this

1. Sperm count

[Psyche Wizard @PsycheWizard]

8 eye-opening Japanese techniques to overcome laziness...

[Ayodeji Ebo Ph.D @eboayodeji]

Performances of Asset Classes in 2023 & Expectations for 2024_25122023

https://t.co/AAtLEIrGYl

We wish you a Merry Christmas & a Glorious New Year!

#getfinanceandinvestmenttips #investing #investment #ayodejiebo

[Alif Hossain @alifcoder]

PowerPoint takes a lot of time.

ChatGPT can create presentations in seconds.

Here is how to create a presentation for free 🧵 :

[Brian Feroldi @BrianFeroldi]

Cash Flow Formulas:

[Oana Labes @IAmOanaLabes]

IRR vs. ROI

They’re both financial metrics used to evaluate investment profitability and to compare the profitability of different investments.

[Dr Asma Jabeen @DrasmaJabeen1]

What is problem Statement? Editorial by Elsevier #AcademicTwitter

[DON “Tobechukwu” Ade 👑 @Row_Haastrup]

A TRUE LIFE STORY...

Truly, he slept with the lady several times. Later, the lady wanted more, but he had moved on & had told her he was done with sin.
But perhaps, his approach infuriated the lady; she felt used & dumped.

She went straight to the church & told the pastor how his youth pastor was sneaking into her room in the night to sleep with her. How after night vigil, she would hide at the back of the rusted water tank behind the church to 'finish work'
Perhaps, if she was sure that the guy had encountered God afresh, she would have taken it easy.

But she thought the guy had used her and dumped and started doing it with someone else. Don't blame her so much.
Nobody would want to be in the number of the census of ladies a man has slept with.

And the young man was suspended publicly and disgraced. He sat in the church back seat for many months. His head pastor ejected him from his house where he was given a one room apartment; with the fear that he will someday see his young daughters appealing and defile them.

He had no place to go to...

When he gave his life to Christ, he went straight to the village shrines and destroyed all of them. The villagers gathered began to worship the living God. The village elders passed judgement on him & banished him. His parents didn't want to set their eyes on him again, as the shame was so much to bear.

When they heard that his church has ejected and suspended him for fornication, they jubiliated. That the gods of the land have caught up with him for discerecting them.
The only place he could stay was inside an old uncompleted building, without roof.

Any night it rains, he will be soaked. All he had there was his bible and few cloths. But he was there looking for God. He had failed both men & God. God had forgiven him, but men didn't want to set their eyes on him.
The villagers will gather everyday mocking him. Some of his close pals abandoned him.

But whenever we passed that old building, we will be hearing his voice; crying: "Lord, give me power...If truly You have forgiven me, give me Your anointing..."
Months rolled by, he was still praying that same singular prayer.

My late mum would cook everyday & give me to go & send to him. Sometimes, when I come to bring another food, I would see that he has not eaten the one we brought previously.
He was always fasting & praying & crying.

Later, the church restored him.
But the stigma refused to go.
Nobody called him pastor again.
In church, they were avoiding him like a disease.
Some of those sympathising with him didn't come open.

One December period, A great man of God was supposed to preach in that community that Christmas period. Everyone was waiting for him.
The sick, the blind & the lame had gathered, waiting for him. But a news came that he wasn't coming again.
All the pastors in that community were disappointed, because no one could do what they expected God to do through this great man of God.

The crusade was on...
The choir was ministering, yet, they did not have anyone to preach. The crowd was much & their expectations were high. No pastor felt adequate to step into that shoe.
Someone was moved to call this young man to come and preach.
Not because they believed in him, but so that if he preaches & nothing happens, the shame will go to him alone.

The young man didn't know what to do when they told him to go & preach. How can he face every one that knows how he failed. Everyone there knew that he was just suspended & released for fornication.

He was crying, but he gathered courage & climbed the stage. When people saw him on the stage, they started leaving one after the other. The man that was supposed to do the interpretation dropped microphone & went down from the podium.
All The crowd almost left, because they could not imagine what a fornicator had to offer.
I was there when all of this was happening.
Few of the people reading this now were there too.

The young man was crying as he was watching the crowd leaving & even some of the choristers climbing down the stage the moment they saw him on the stage. Tears began to roll down his cheeks as he started a song & nobody, including the pastors joined him to sing.

But about 10 minutes later, something happened...

One of the known crippled that came for the crusade began to shout. Every attention went to that side; lo and behold, he had stood up from his wheelchair jumping all over the place. God had healed him.

People were still surprised. Few seconds later, a known blind woman started shouting from the other side "I can see... I can see... I can see..."
Yet, the young man on the pulpit had not opened the bible. It was only the songs he was singing with tears.
Few minutes later, noise filled the whole place. People with Chronic diseases started shouting that they have been healed. The pastors there could not understand what was going on.

"How can God use this small boy?" But More miracles were being recorded.
The crowd that left started hearing the shout from the crusade ground & began to run back. Some thought the great man of God had finally come.
But when they got there, they saw the young man on the stage, crying. The interpreter that came to interpret for him was crying.

As he wanted to start preaching, the noise of more miracles could not let him preach. As he wanted to get close to tell the interpreter to let them climb down & start preaching to people, the power of God hit the interpreter & he fell under the power of God. He laid slain like a dead man.

As the organiser of the crusade who is probably also reading this now wanted to climb the stage to take the microphone that fell down from the interpreter, he too fell under the power of God.
The young man was just standing, & looking at the salvation of the Lord.

The crowd had increased more than those that came to listen to the big man of God. People had rushed home to bring their people, that something was happening in the market square.
Many pastors that had sick people started sending messages to their members to bring all the sick people in their churches.

And without this boy laying hands on anyone, they were being healed. Some villagers who were chronic idol worshippers saw the mighty works of God and ran to the altar for repentance.
He didn't preach from any verse of the scripture, but the power of God was present to heal & to deliver...

As he was standing there, not knowing what next to say, with tears all over, some pastors began to run to him. Some holding his shoe, others dragging his shirt; crying: "Lord, we are sorry..."
Some were crying: "We need this anointing...Please, give it to us."

I was there friends...

The crusade that was supposed to end by 8pm ended around 12am at midnight. Healings and incredible miracles were wrought.

After that crusade, God restored that young man of God.
He became the most sought for, every man of God wanted to host him.
Nobody remembered he was suspended.

The name of the man is Rev. Dr. Uma Ukpai.

There is a price for power, & that young man paid the price.

Culled from Rhema Channel

[Josh (Your CFO Guy) @YourCFOGuy]

Summing data is one of the most common things to do in excel…

but there’s far more available than just summing values together.

Here are 6 different ways you can sum in excel, each with their own benefits...

[Josh (Your CFO Guy) @YourCFOGuy]

Making your first hire at your startup in Finance & Accounting is a really exciting moment…

it means that you have gotten to a certain level of activity & traction that warrants a full time hire.

But who to hire in your Startups Finance & Accounting function

Let’s go over each role, and the pros and cons

➡️ Before making your first hire

Almost all startups start off hiring a fractional role / firm.

The reason is pretty simple…

There’s not enough work to go around for a full time hire…

and in reality, you need a bit of a bookkeeper, a bit of a controller, and a bit of a CFO

For an early stage startup, you can accomplish all of this while avoiding paying payroll taxes & health benefits for a few thousand a month.

Need a good recommendation on an accounting firm? Ahem…🙋

➡️ VP of Finance

This is a great first full time role to hire in house…

the idea is that the VP of finance is a perfect mix of experience (not too much where they are very expensive, and not too little where they can lead the organization)…

A good VP of finance also has a strong background in FP&A, and a decent understanding of Accounting

Typically, this hire gets brought on, and leads the full Finance & Accounting function, while managing a fractional approach

I most commonly see this around Series A

➡️ Controller

A controller is another good hire…

but to me, the challenges is the fact that:
A) Controller are very senior, so you don’t want to assign them low level work like bank reconciliations

B) Many controllers lack FP&A experience

Now…I say this in reference to what the US defines as a controller.

I’ve learned that in Europe, many consider a controller someone who has a big focus in FP&A.

Either way…a controller is a key hire in a growing startup…it’s just a matter of when there’s enough senior level accounting work to go around

➡️ Bookkeeper

A bookkeeper is a really common role that I see startups hire for…

A benefit is that bookkeepers are some of the most cost effective roles…

but at the same time, they also come with a decent level of supervision that’s needed.

If you are a founder and have a good background in Finance & Accounting, a bookkeeper may be a good hire…

but it will pull your attention more towards overseeing Finance & Accounting, which often times is not the best place for a founder to be investing his/her time

➡️ CFO

OK…now we get to the grand daddy (or mommy) of the Finance & Accounting function.

The CFO

Here’s a little secret…

with startups…CFOs are overrated

Until you’re at Series C or above…a full time in house CFO is kinda overkill

The reason being that CFOs are EXPENSIVE…

and rarely get involved in the weeds of the work

Now…ofcourse…every startup is different...and there are exceptions

I’ve also included compensation & equity numbers from Carta’s Total Comp tool for hiring someone out in San Francisco for reference…

Did I miss any roles?

Would you add anything?

[Oana Labes @IAmOanaLabes]

Costs vs. Expenses

[Josh (Your CFO Guy) @YourCFOGuy]

Conditional formatting is one of Excel’s most popular tools…

and for good reason - there’s SO MUCH you can accomplish with conditional formatting.

Let’s do a deep dive into each area so you can become a pro 💪

➡️ What is Conditional Formatting?

The name says it all…

it allows you to format your cells based off of a specific CONDITION.

➡️ How do you apply Conditional Formatting?

Select the range, and navigate to HOME > CONDITIONAL FORMATTING

➡️ What are some examples of Conditional Formatting?

Here are a few:

⬆️ Greater, ⬇️less than, ↔️or between

Here you can format cells that fall above, below, or in between certain thresholds.

ex: budget vs actuals, where positive cells are highlights in green…

and negative cells are highlighted in red

= Equal to, 🔍 text that contains →

This is especially useful when dealing with a range of text..

ex: highlighting your expense list for all expenses by a specific vendor

🗓️ A date occurring…

This can be useful if you want to highlight date that is below, after, or in between a range.

ex: setting up a forecast, where all historical months get formatted one way..

and all projected months another way

👯 Duplicate values

This is one of the most useful…

as often times, duplicate values can pose an error in our data set.

📈Top or 📉Bottom values

This one is useful to quickly understand which values are the best performing in your data set…

and which are the worst.

📊 Data Bars

Data bars are like bar charts nested inside a cell…

kinda similar to a sparkline.

🎨 Color Scales

I love this one - in fact, I use it all the time in my business when analyzing profitability per client.

Here you can quickly comprehend which are the best performing values…

as well as the worst performing values.

✅❌ Icon sets

I love Icons…and you may not realize, but they are everywhere.

Adding them to your spreadsheet can add quick added comprehension on your data set

❔ Custom rules

Something not covered in the predefined list?

Don’t worry…the sky is the limit.

Simply enter in your formula as you normally would (like A3 > A4)…

You can then set the formatting rules for what happens when it’s true, and what happens when it’s false

===

Like I said…conditional formatting is one of the most popular tools available in excel.

You simply can’t become a power excel user without mastering this.

but lucky for you, I’ve boiled it down in a way in which you can quickly become a pro.

What’s your favorite usecase with conditional formatting?

Let me know in the comments below 👇

PS: don’t forget to download this in high res along with the accompanying worksheet via the link in the infographic