tax management in nigeria - 979 Words

As the global crisis deepened, the foreign investors decided to exit the Nigerian capital market, by off loading their large volume of shares into the market. The market got saturated with shares without corresponding buyers. On the part of the retail investors they could not catch in to take profit as share certificates were not being issued promptly and the process of certificate verification at the Registrars offices took so long to be completed. Since the retail investor could not exit and there were no willing buyers, share prices across the market started plummeting. Very many investors lost out as the good fortune which they saw passed them by. The activities above led to the investigation, of the Stock Exchange, Capital Market†¦show more content†¦The activities above led to the investigation, of the Stock Exchange, Capital Market Operators, some Issuers of Securities and the companies whose shares started rising when there were no fundamentals to support them.As the global crisis deepened, the foreign investors decided to exit the Nigerian capital market, by off loading their large volume of shares into the market. The market got saturated with shares without corresponding buyers. On the part of the retail investors they could not catch in to take profit as share certificates were not being issued promptly and the process of certificate verification at the Registrars offices took so long to be completed. Since the retail investor could not exit and there were no willing buyers, share prices across the market started plummeting. Very many investors lost out as the good fortune which they saw passed them by. The activities above led to the investigation, of the Stock Exchange, Capital Market Operators, some Issuers of Securities and the companies whose shares started rising when there were no fundamentals to support them.As the global crisis deepened, the foreign investors decided to exit the Nigerian capital market, by off loading their la rge volume of shares into the market. The market got saturated with shares without corresponding buyers. On the part of the retail investors they could not catch in to take profit as share certificatesShow MoreRelatedThe First Commercial Discovery And Operation Of Oil And Gas Essay1720 Words   |  7 Pagesoperation of oil and gas in Nigeria commenced effectively in 1956. Since then, the Nigerian economy has over time become largely dependent on petroleum. Petroleum accounts for about one-third of the country’s Gross Domestic Product (GDP), 76% of government revenue, and 95% of the foreign exchange earnings. 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Malaysia is also leading the Asian region in asset management, with 80.7% of Islamic fund assets under management and a total of 188 funds worth USD13.1 billion in 2012. Next is Indonesia, with USD1.4 billion under management spread across 54 funds. Other Islamic fund markets in the region include Pakistan, Singapore, Bangladesh, Hong Kong, Thailand and Sri Lanka. The development of TakÄ fulRead MorePricing Strategy Of Pizza Hut949 Words   |  4 Pages Place - In selecting a location for Pizza Hut stores, certain considerations should be taken into account. For instance, Lagos is known as a big westernized city with lots of industries, businesses, and companies. It is a land of opportunity in Nigeria. Hence, Pizza Hut can take advantage of the population density and the income level in the city. Pizza Hut can start by opening stores in shopping malls to attract young and older population who would love to have a bite. Also stores in nearby restaurantsRead MoreTax Administration in Nigeria: a Case Study of Federal Inland Revenue Service(Firs)6621 Words   |  27 Pagesgrows with the constant change in the economic environment in which it operates, hence the need to review the regulating instruments from time to time. Nigeria is governed by a federal system hence its fiscal operations also adhere to the same principle, a fact which has serious implications on how the tax system is managed. The country’s tax system is lopsided, and dominated by oil revenue. It is also characterized by unnecessarily complex, distortionary and largely inequitable taxation laws thatRead MoreFactor That Affects Accounting Practice in Nigeria1746 Words   |  7 PagesFACTORS AFFECTING ACCOUNTING PRACTICE IN NIGERIA AND THE WAY OUT Accounting Practice refers to the routine manner in which the day-to-day financial activities of a business entity are gathered and recorded. A firms accounting practice refers to the method by which its accounting policies are implemented and adhered to on a routine basis, typically by an accountant and/or auditor or a team of accounting professionals. In another context, an accounting practice is intended to enforce a firm’s accountingRead MoreImc Advantages1679 Words   |  7 Pagesfinancial market. For one, it helps to reduce the dependency on equities as a fund-raising avenue. At the same time, wider availability of Sukuk, especially in terms of tenor, would provide income-generating instruments that facilitate liquidity management and asset–liability matching for Islamic financial institutions. Development of the Sukuk market should include both the sovereign and corporate segments, to the extent possible and practicable, in order to enable both the public and private sectors