or during the lifetime of both the donor and the donee. The former is known as “donation mortis causa” subject to estate tax while the latter is known as “donation inter vivos” subject to donor’s tax. Consequently‚ transfer taxes‚ which are typically assessed on the net value of the taxable assets transferred‚ fall into two basic categories‚ namely; estate tax and donor’s tax. Business taxes are Succession is a mode of acquisition by virtue of which‚ the property‚
Premium Inheritance Marriage
EBONG GROUP MANAGING DIRECTOR/CHIEF EXECUTIVE UNION BANK OF NIGERIA PLC ABSTRACT Against the backdrop of the role of banks as financial intermediaries and their function as the engine of growth of the economy‚ this paper examines the extent to which the banking industry has helped to stimulate economic activities in Nigeria and what the prognosis looks like in the post-consolidation era. The paper notes that the banking industry in Nigeria witnessed a remarkable growth in terms of deposit base‚ number
Premium Bank Economic growth Fractional-reserve banking
1302-6488 Volume: 7 Number: 1 Article: 2 Problems and Prospects of Open and Distance Education in Nigeria Mudasiru Olalere YUSUF (Ph.D) Senior lecturer (Educational Technology) Department of Curriculum Studies and Educational Technology‚ Faculty of Education University of Ilorin‚ Ilorin NIGERIA ABSTRACT Distance education as a mean of providing access to education‚ particularly tertiary level education‚ has gained great prominence in the world. Nigeria has taken giant steps of recent to introduce
Premium Educational technology Education Distance education
SWOT Analysis of the Nigerian Business Environment SWOT Analysis of the Nigerian Business Environment Customer Inserts His/her Name University Name SWOT Analysis of the Nigerian Business Environment 1 Contents Business Environment of Nigeria ……………………………………………………...4 SWOT Analysis ………………………………………………………………………..5 Conclusion ……………………………………………………………………………16 References ……………………………………………………………………………17 SWOT Analysis of the Nigerian Business Environment 2 SWOT Analysis of Nigerian Business
Premium President of Nigeria Economics Marketing
be considered as a resident in Australia and therefore his income should not be assessable due to the following reasons. Residency status is the main issue in the above case as this will determine Jamil’s liability in regards to Australian income tax. Statutory definition of an Australian resident in section 995-1 of 35 Act is a person who is a resident of Australia. In subsection 6(1) of the 1936 Act‚ it is indicated that the primary test for residency status of an individual is according to the
Premium FIFA World Cup Association football Contract
or negative. The Nigeria is said to be morphologically derived from a blend of ’niger’ and ’area’. Nigeria came into exixtence in 1914 as aresult of the almalgamation of the northern and the southern protectorates of the brithish territory around the river niger area. Nigeria is a multidimensional vast: landmass‚ culture‚ population‚ language‚ beliefs‚ tradition and lifestyle practised by different people from different areas and there are about 400 native languages inj Nigeria (bamgbose 1971‚ osayi
Free Second language English language Language
ABSTRACT: No doubt education is the bedrock of development of any country or nation. But unfortunately Education in Nigeria is bisected with myriads of problems. The aim of the study is to identify and provide solutions to the problems that are mitigating about the success in the education sector of the country. For meaningful development to take place in the educational sector; the government need to re-address the issue of multiple system of education‚ diversification in the education system
Premium Higher education Education Secondary education
MONEY AND POLITICS IN NIGERIA Since the return to electoral politics in 1999‚ and particularly after the 2003 general elections‚ Nigeria ’s political parties have been criticized by the media‚ academics‚ observers and the electorate for corrupt and unbridled use of money in politics. The anti-corruption initiatives of the administration of Chief Olusegun Obasanjo provided a suitable environment for some civil society groups to engage governments and other stakeholders on the issue of corruption
Premium Nigeria Political corruption Election
Private Equity in Nigeria An Overview of Nigerian Venture Capital and Private Equity Private Equity in Nigeria Page 2 CONTENT EXECUTIVE SUMMARY 3 NIGERIA COUNTRY ANALYSIS 5 TABLES AND EXHIBITS 7 Private Equity in Nigeria Page 3 Executive Summary1 Nigeria is facing an uncertain future as outbreaks of ethnic and religious violence continue to place strains on Africa’s most populated country. With the 2003 elections approaching‚ the continuing battle amongst incumbent politicians
Premium Private equity
Now‚ let’s say I approach you on the street and demand money from you would you give it to me? What if I threatened you? Would it be right for me to insist you give me the money from your wallet? What if I only wanted one third of the money in your wallet? What if I promised you protection and other services in return for the money? Would you consider this theft? I imagine you would. Mugging‚ robbery‚ extortion. And you would be right in that assessment. What if I stopped you on the street and
Premium Theft Tax Robbery