Blog posts | Uboh Sunday & Co., Lagos, Nigeria

How Financial Ratios Help Businesses Understand Performance

Posted on 24 October, 2026

Financial ratios translate accounting records into comparable signals for profitability, liquidity, leverage, and efficiency. For businesses, they help verify whether operational decisions align with...

Monthly VAT Returns: Filing by the 21st Without Stress

Posted on 23 October, 2026

A practical guide to monthly VAT filing in Nigeria — the 7.5% rate, the 21st-of-the-month deadline, nil returns, input VAT recovery, and penalties for late filing.

Why Every Business Needs a Financial Budget

Posted on 23 October, 2026

A financial budget is a structured plan that links expected income, allowable costs, cash flow timing, and tax obligations. For businesses operating in Nigeria, a budget supports compliance with tax...

WHT Credit Notes: How to Obtain and Use Them

Posted on 22 October, 2026

A guide to withholding tax credit notes in Nigeria — what they are, how to obtain one, and howbusinesses can use them to reduce their tax liability.

Accounts Payable: Managing Business Obligations Effectively

Posted on 22 October, 2026

Learn how accounts payable supports effective business obligation management, budgeting, audit readiness, and tax compliance in Nigeria, including key tax implications and practical steps for decision...

Why businesses should monitor their receivables

Posted on 21 October, 2026

Why businesses should monitor their receivables” is a practical question for every management team that works with credit sales, agreed payment terms, and unsettled invoices. For taxpaying entities in...

Pension Contributions: Employer and Employee Obligations

Posted on 20 October, 2026

A guide to pension contribution obligations under the Pension Reform Act 2014 — rates, pensionable pay, remittance, and what employers and employees should check.

Payroll Computation Under the New PAYE Rules, Step by Step

Posted on 19 October, 2026

A step-by-step guide to computing payroll under Nigeria's revised PAYE rules — gross pay, statutory deductions, chargeable income, and tax, worked through one example.

The Importance of Working Capital Management

Posted on 19 October, 2026

The Importance of Working Capital Management is fundamental to business continuity. Working capital management focuses on how a business funds day-to-day operations through current assets (cash...

Staff or Contractor? Getting Worker Classification Right

Posted on 16 October, 2026

How Nigerian tax authorities distinguish employees from independent contractors, the factors that matter, and the tax and payroll risks of getting it wrong.

PAYE Remittance: Deadlines, Penalties and How to File

Posted on 15 October, 2026

A guide to PAYE remittance for Nigerian employers — the filing deadline, Form H1 annual returns, penalties for late or non-remittance, and how to stay compliant.

How to Read a Profit & Loss Statement

Posted on 15 October, 2026

A Profit & Loss (P&L) statement shows how income, expenses, and net profit (or loss) move during a period. For tax planning and investment decisions, a clear reading helps you maintain records...

Q3 Close Checklist: What Every Business Should Reconcile Before Year-End

Posted on 14 October, 2026

A practical Q3 close checklist for Nigerian businesses — what to reconcile, review and document before the final quarter, with tax and compliance points to check.

Common Tax Deductions Small Businesses Overlook

Posted on 13 October, 2026

A guide to allowable business expense deductions under Nigerian tax law, including expenses businesses often fail to claim, and how to document them properly.

Non-Deductible Expenses That Trigger Tax Disputes

Posted on 12 October, 2026

A guide to expenses commonly disallowed under Nigerian tax law, why they lead to disputes with the tax authority, and how businesses can avoid them.

E-Invoicing in Nigeria: What Businesses Need to Prepare

Posted on 9 October, 2026

An overview of Nigeria's e-invoicing mandate under the NRS Merchant Buyer Solution — the rollout timeline, who is affected, and how businesses can prepare.

Fidson Healthcare's Global Licensing Deal: What It Means for Nigeria'sManufacturing and Export Sector

Posted on 9 October, 2026

Fidson Healthcare has beenselected as a sublicensee to manufacture a generic influenza antiviral under a Roche-Medicines Patent Pool agreement. A look at what this means for Nigerian...

FIDSON HEALTHCARE'S GLOBAL PHARMACEUTICAL LICENCE: WHAT IT MEANS FOR NIGERIA'S MANUFACTURING AND EXPORT SECTOR

Posted on 8 October, 2026

Earlier this month, Fidson Healthcare Plc was named one of 11 manufacturers in nine countries selected under a voluntary licensing agreement between the Medicines Patent Pool (MPP) and Roche. The...