₦airaland Forum

dejol88:
Hi guys, I need your advice.

If I invest in Treasury Bills in Nigeria, would HMRC tax any profit or interest I make from them?

I understand that Nigeria is a member of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, which allows member countries to share financial and tax-related information, so that foreign income and profits can be tracked and taxed appropriately.

You dont have to declare your investment in your country to them. I have sukuk paying me 10 million per annum in nigeria and I never declared it in the uk. I only declare money I make inside the uk and pay taxes on it

abuhusna1:
You dont have to declare your investment in your country to them. I have sukuk paying me 10 million per annum in nigeria and I never declared it in the uk. I only declare money I make inside the uk and pay taxes on it

cut soap for me

Goke7:
Christians too supported hitler back in the day and also the slave trade in the ancient past. You’ll always have them like that while others will condemn such. At the end it’s not about the religion but the individuals themselves and what they personally believe in.

And as for Starmer it was always a question of when finally. Populism can be terrible and can never be the major instrument for governance or political aspirations. A time comes you need to get more serious and face the reality of governance. Since Brexit populism has continued to be used majorly in uk politics and the wealthy with their money continues to weaponise it against the interests of the society. When it will stop I don’t know but looks the uk may continue to change pms every market day if more serious things are not brought to the fore in the polity.

Sometimes, I wonder if religion is just another outlet by which humans express themselves.

Britain has become a film. The last 15yrs + has been focused on hounding those seen as foreign without addressing underlying causes of stagnation. Nigeria's debacle with fuel subsidy has shown certain structural changes are very difficult to make.

jedisco:
Sometimes, I wonder if religion is just another outlet by which humans express themselves.

Britain has become a film. The last 15yrs + has been focused on hounding those seen as foreign without addressing underlying causes of stagnation. Nigeria's debacle with fuel subsidy has shown certain structural changes are very difficult to make.

Indeed, you can see how it's becoming difficult to handle the benefits scourge and things like Digital ID that can address it. Humans will always resist structural changes that will impact them personally. Both the rich and poor will resist structural changes; the rich don't want to part with more of their money in terms of tax, and the poor too don't want to part with the welfare they are enjoying when they even want you to add more na serious gbege for any govt o!

Possiblie Long post alert!!

I am starting to explore buying an existing UK business, particularly the kind of stable, profitable "boring businesses" that owners from the Baby Boomer generation may be looking to retire from and sell. Most of the content I find online is US-focused (search funds, ETA, SMB acquisitions, etc.), but there seems to be much less practical information specific to the UK. I'm hoping to learn from people who have actually bought a business in the UK or possibly know someone who has.

Some of the things am looking to learn about are: Where you found the business (marketplaces, brokers, networks, accountants, etc.),What your acquisition process looked like, the due diligence you carried out before completing the purchase, how you uncovered the seller's genuine reason for selling, any red flags you wish you'd spotted earlier, how you valued the business and negotiated the deal, how financing worked (bank lending, vendor financing, investors, etc.), What you would do differently if you were buying another business today. Lots of questions I know

I am particularly interested in small recurring-revenue, cash-generative businesses rather than high-growth startups. If you've been through this process, I had really appreciate hearing about your experience. Also, if there are UK-specific communities, newsletters, brokers, podcasts, or marketplaces that you found valuable, I had be grateful for any recommendations.

Thank you in advance!

A system fit for Britain

Since February, following an extensive consultation, I have been working to develop a balanced policy on permanent settlement. A system fit for Britain, that can stand the test of time.

From the outset, I have been clear that any reforms must be both fair and firm – fair to those who genuinely contribute to our country, and firm in ensuring that our immigration system supports economic growth, protects public services, and does not place additional pressure on the welfare system.

Since the consultation into settlement closed in February, I have been working closely with officials to develop a better approach than a blanket retrospective extension from five years to ten years for everyone. It is my strong belief that those who have come to the United Kingdom on care worker visas – who have played by the rules and have genuinely contributed to our care system – should not be required to wait longer to apply for settlement. That is the issue I am working hard to address. I am sure many readers will have experience of dedicated care workers from overseas helping them or their loved ones during difficult times.

At the same time, we cannot ignore the scale of migration in recent years. Under the previous government, net migration reached unprecedented levels, with around one in every thirty people now living in the UK having arrived during the last four years. More than 600,000 health and care visas were issued during that period to help fill just 40,000 jobs.

We now face the reality that a substantial number of people will become eligible for settlement over the coming years. If unmanaged, that could place further pressure on already stretched public services, including welfare and social housing. That is why it is essential that we strike the right balance; recognising contribution while ensuring the system remains sustainable and fair.

Alongside ensuring we strike the right balance within our Earned Settlement reforms, I am also exploring better solutions for overseas care workers and the sponsorship model under which they are employed. It is right that this route remains closed to new overseas recruitment, but we can and should improve the system for those already here and working in the sector.

Moving towards a fairer sponsorship model, which would allow care workers greater flexibility to move between approved care providers, could significantly improve standards across the sector, strengthen worker protections, and help build a more resilient health and social care system.

The current sponsorship model has created a race to the bottom. Low pay, poor conditions and exploitation have become far too common. That is not acceptable, and it is not the British way.

I am working closely with colleagues in the Department of Health and Social Care on these issues, although no final decisions have yet been made.

My time in the Home Office has also highlighted just how complex and difficult to navigate Britain’s legal migration system has become. Across the board it requires simplification, modernisation and reform – and that work is already underway.

We are progressing, but it is vital that we get this right. Immigration policy is interconnected, and changes in one area can create unintended consequences elsewhere. That is why we are taking the necessary time to fully develop these reforms, assess their impacts, and ensure that the policies we implement deliver the outcomes we intend.

I hope to provide further updates in the autumn as this work progresses.

Mike Tapp
Minister for Migration and Citizenship

Tolzeal:
Start with searchfound forum. It’s the best way to network with with people. Also if you want us to chat further as im currently exploring options on acquisition with lots of niche businesses on our pipeline . I’ve done a lots of research in the subject we can connect via ts @ letplantholding.com


You also want to check YouTube videos from yusufa Sey . Top lad

Worth discussing in an open fora. It creates trust and confidence. Others can also chip in. Later on, if need be, discussions can be taken privately but asking to send dms on a first post always raises concerns

Tier4Dependant:
A system fit for Britain

Since February, following an extensive consultation, I have been working to develop a balanced policy on permanent settlement. A system fit for Britain, that can stand the test of time.

From the outset, I have been clear that any reforms must be both fair and firm – fair to those who genuinely contribute to our country, and firm in ensuring that our immigration system supports economic growth, protects public services, and does not place additional pressure on the welfare system.

Since the consultation into settlement closed in February, I have been working closely with officials to develop a better approach than a blanket retrospective extension from five years to ten years for everyone. It is my strong belief that those who have come to the United Kingdom on care worker visas – who have played by the rules and have genuinely contributed to our care system – should not be required to wait longer to apply for settlement. That is the issue I am working hard to address. I am sure many readers will have experience of dedicated care workers from overseas helping them or their loved ones during difficult times.

At the same time, we cannot ignore the scale of migration in recent years. Under the previous government, net migration reached unprecedented levels, with around one in every thirty people now living in the UK having arrived during the last four years. More than 600,000 health and care visas were issued during that period to help fill just 40,000 jobs.

We now face the reality that a substantial number of people will become eligible for settlement over the coming years. If unmanaged, that could place further pressure on already stretched public services, including welfare and social housing. That is why it is essential that we strike the right balance; recognising contribution while ensuring the system remains sustainable and fair.

Alongside ensuring we strike the right balance within our Earned Settlement reforms, I am also exploring better solutions for overseas care workers and the sponsorship model under which they are employed. It is right that this route remains closed to new overseas recruitment, but we can and should improve the system for those already here and working in the sector.

Moving towards a fairer sponsorship model, which would allow care workers greater flexibility to move between approved care providers, could significantly improve standards across the sector, strengthen worker protections, and help build a more resilient health and social care system.

The current sponsorship model has created a race to the bottom. Low pay, poor conditions and exploitation have become far too common. That is not acceptable, and it is not the British way.

I am working closely with colleagues in the Department of Health and Social Care on these issues, although no final decisions have yet been made.

My time in the Home Office has also highlighted just how complex and difficult to navigate Britain’s legal migration system has become. Across the board it requires simplification, modernisation and reform – and that work is already underway.

We are progressing, but it is vital that we get this right. Immigration policy is interconnected, and changes in one area can create unintended consequences elsewhere. That is why we are taking the necessary time to fully develop these reforms, assess their impacts, and ensure that the policies we implement deliver the outcomes we intend.

I hope to provide further updates in the autumn as this work progresses.

Mike Tapp
Minister for Migration and Citizenship

Love this. It seems some form of open work permit is being planned. Shabana OTOH, is ready to die on her hill.

The undue restrictions on a work visa does limit attainment among migrants. Folks would later on blame migrants for lower attainment forgetting significant constraints they faced.

I dont understand the brouhaha about ILR numbers. Canada - a population of 40m issued over 400k PRs a year until recently.

Take same Canada for e.g, the average PR holder after 5yrs is hotly in pursuit of local born folks as it regards home ownership and by extension wealth building (granted some are resident in the country via other means before becoming PRs). In UK OTOH, at about 5 yrs, folks would still be battling whether their employer would extend their visa or not.
Focus should be on getting the right folks in and unleashing them on the economy so as to boost growth not stiffling them and later complaining that their growth is stunted.

https://share.google/0Kmpjvvu58mGCyMDe

jedisco:
Worth discussing in an open fora. It creates trust and confidence. Others can also chip in. Later on, if need be, discussions can be taken privately but asking to send dms on a first post always raises concerns

Oh right , I totally get that but if you read the above i literately said all I know and working on . My email connection to keep the conversation going and not derailing this thread.

Tolzeal:
Oh right , I totally get that but if you read the above i literately said all I know and working on . My email connection to keep the conversation going and not derailing this thread.

jedisco is right, there is no need taking this discussion offline, keeping it here will not derail this thread by any means.

Tier4Dependant:
A system fit for Britain

Since February, following an extensive consultation, I have been working to develop a balanced policy on permanent settlement. A system fit for Britain, that can stand the test of time.

From the outset, I have been clear that any reforms must be both fair and firm – fair to those who genuinely contribute to our country, and firm in ensuring that our immigration system supports economic growth, protects public services, and does not place additional pressure on the welfare system.

Since the consultation into settlement closed in February, I have been working closely with officials to develop a better approach than a blanket retrospective extension from five years to ten years for everyone. It is my strong belief that those who have come to the United Kingdom on care worker visas – who have played by the rules and have genuinely contributed to our care system – should not be required to wait longer to apply for settlement. That is the issue I am working hard to address. I am sure many readers will have experience of dedicated care workers from overseas helping them or their loved ones during difficult times.

At the same time, we cannot ignore the scale of migration in recent years. Under the previous government, net migration reached unprecedented levels, with around one in every thirty people now living in the UK having arrived during the last four years. More than 600,000 health and care visas were issued during that period to help fill just 40,000 jobs.

We now face the reality that a substantial number of people will become eligible for settlement over the coming years. If unmanaged, that could place further pressure on already stretched public services, including welfare and social housing. That is why it is essential that we strike the right balance; recognising contribution while ensuring the system remains sustainable and fair.

Alongside ensuring we strike the right balance within our Earned Settlement reforms, I am also exploring better solutions for overseas care workers and the sponsorship model under which they are employed. It is right that this route remains closed to new overseas recruitment, but we can and should improve the system for those already here and working in the sector.

Moving towards a fairer sponsorship model, which would allow care workers greater flexibility to move between approved care providers, could significantly improve standards across the sector, strengthen worker protections, and help build a more resilient health and social care system.

The current sponsorship model has created a race to the bottom. Low pay, poor conditions and exploitation have become far too common. That is not acceptable, and it is not the British way.

I am working closely with colleagues in the Department of Health and Social Care on these issues, although no final decisions have yet been made.

My time in the Home Office has also highlighted just how complex and difficult to navigate Britain’s legal migration system has become. Across the board it requires simplification, modernisation and reform – and that work is already underway.

We are progressing, but it is vital that we get this right. Immigration policy is interconnected, and changes in one area can create unintended consequences elsewhere. That is why we are taking the necessary time to fully develop these reforms, assess their impacts, and ensure that the policies we implement deliver the outcomes we intend.

I hope to provide further updates in the autumn as this work progresses.

Mike Tapp
Minister for Migration and Citizenship

Honestly, his position is one of the few sane takes coming out of UK migration policy lately. The whole “tie the worker to one employer” thing has never made sense. It’s basically a system designed to give employers way too much leverage while pretending it’s about “control” or “orderly migration.” And yeah, people keep acting like this is some normal global standard, but the UK does it with a level of rigidity that’s honestly wild. Other countries have employer‑sponsored visas, sure, but they also build in escape routes, flexibility, or at least a process that doesn’t feel like you’re trying to break out of a hostage situation.

Recently stumbled upon the Junior SIPP. Hadn't known much details about it but apparently it's an account that can be opened for a child (under 18) where a parent can put upto £2880 each year and the government tops it up by 20% bringing the total sum to 3600. It's a personal pension for the child and they'd be unable to access it until the SIPP age which would be 57 from next year (except in certain instances).
It's similar to the Junior ISA but that can be assessed at 18 and has an annual limit of £9k and has no government rebate.

What made me surprised is when I looked to plot the expected return based on historical average returns. From a max of 64k initially to over a million. I was truly blown out especially at the miracle of compounding that happens between age 50-60.

Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

congratulations Mate !

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Congratulations Oga Lexus. Your daughter has really done well for herself 😊😊

Interesting

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Thanks for being truthful However, full credit must go to you as a great Dad

Congratulations, and wishing your daughter more wins in the years ahead.

Controlv:
Congratulations Oga Lexus. Your daughter has really done well for herself 😊😊

She really did very well..... We continue to guide and direct her, till she gets bored of us...... 😂

Goke7:
Thanks for being truthful However, full credit must go to you as a great Dad

Congratulations, and wishing your daughter more wins in the years ahead.

You know nah..... Olodo personified genes.... 😂

Thank you Bro... We hope all our children are more successful than their parents....... 😂

mex551:
congratulations Mate !

Thank you, Bro.... My belle cannot contain the derby race ..... 😊

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Congratulations to you and your family, sir! You must be super proud.

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Congrats Papi

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Wow! Proud dad mode activated! Congratulations boss.

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Congratulations, brother.

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Congratulations! Really a proud moment for your family. Well done to your daughter as well for keeping her head down to get that result, not easy at the age of social media and AI

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Congratulations Oga Lexus. Wishing your daughter the very best

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Father of the year💪💪💪💪 Congratulations sir

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Congratulations Sir 🎉🥳

SPDAZZY:
Congratulations to you and your family, sir! You must be super proud.

Absolutely...... Last month, my daughter went through a phase of not wanting to attend her graduation ceremony....... 😂🎓

This Gen Z children, then no go kill person...... 😂

willyede:
Congrats Papi

Thank you plentifully..... 👌

LionInZion:
Wow! Proud dad mode activated! Congratulations boss.

One more to go... Then I can be fully retire from been an helicopter parent....... 😂🚁