Introductory Guide To Debt And Business Recovery

Articles, BUSINESS

“Investments such as shares and stocks are acceptable securities for bank loans; a person who has valuable investments may use them to secure bank loans. Formerly, borrowers seeking to use shares as security would need to deposit the share certificates with the Bank however, with the establishment of the Central Securities Clearing System and the digitization of the shareholding system in Nigeria, all the parties need to do is request that the CSCS move the affected shares into a reserved lien account in favor of the Bank.”

How to Leverage your Contributory Pension – Unlocking Wealth in the Real Estate Sector

EMPLOYMENT, REAL ESTATE

“Using a percentage of your pension contribution to buy properties is highly tax-efficient as the State provides tax relief on contributions made to pension schemes and the growth in their investments. This is highly recommended to workers who want to purchase properties to take advantage of the tax breaks that are on offer through their pension scheme. It is a win-win situation, partly because of the tax benefits available and also because any rent paid for the property is not lost to a third party.”