BizBooks Insights
Money, tax and payroll for Nigerian companies, explained plainly.
Practical guides updated for the 2026 tax rules, written for owners and finance leads who'd rather run the business than decode tax law.
Payroll & people
Paying staff and contractors correctly: PAYE, pension and everything in between.
- 3 min
Annual employer PAYE returns (Form H1) in Nigeria: step by step
What the employer's annual PAYE return (Form H1) is, the 31 January deadline, what information it needs for each employee, how to file with your State IRS, and how to prepare during the year.
- 3 min
How to structure salaries in Nigeria: basic, housing, transport and allowances
How Nigerian companies split salaries into basic, housing, transport and other allowances, why the split affects pension and NHF, common structures, minimum wage, and mistakes to avoid.
- 3 min
Pension contributions explained for Nigerian employers (PenCom, RSA, deadlines)
How the Contributory Pension Scheme works for employers in Nigeria: who must join, the 8% and 10% contributions, what counts as monthly emoluments, the 7-working-day deadline, group life insurance, penalties and compliance certificates.
- 2 min
What should be on a Nigerian payslip? (with a template)
The information a good payslip in Nigeria should show in 2026 (earnings, PAYE, pension, NHF, employer contributions, pay date), with a ready-to-copy layout and common mistakes to avoid.
- 3 min
Employee or contractor? Tax, pension and legal risk for Nigerian companies
How Nigerian companies should treat freelancers and contractors versus employees: PAYE versus withholding tax, pension, the signs someone is really an employee, and a comparison table.
- 4 min
How to calculate PAYE in Nigeria (2026 tax bands, worked examples)
Step-by-step PAYE calculation under the Nigeria Tax Act 2025, with the new tax bands, the ₦800,000 tax-free threshold, pension and rent relief, and worked examples for ₦70k, ₦250k, ₦500k and ₦950k monthly salaries.
- 3 min
Payroll in Nigeria: a first-time employer's guide (PAYE, pension, NHF, NSITF, ITF)
Everything a Nigerian company must do when it hires staff: registering as an employer, PAYE, pension, NHF, NSITF and ITF, payslips, deadlines and a monthly payroll routine.