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April 7, 2025
All Posts
Bookkeeping

Equity Method of Accounting for Investments

When an investee declares a dividend, the investor reduces the carrying amount of their investment by the dividend amount. This approach reflects that dividends represent profits already recognized in the investor’s share of the investee’s earnings. The cost method of accounting is used when an investor owns less than 20% of the investee, holding a

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Bookkeeping

Disposal of Fixed Assets: How to Record the Journal Entry

When an asset is disposed of, the Fixed Assets account must be credited for the original cost of the fixed asset. You can learn more about items to be included in the original cost of a fixed asset in our article on what fixed asset accounting is. In this journal entry, the $21,000 cost of the

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Viewpoints

Lament for a nation

On 1st October 2021, social media was awash with several congratulatory posts and celebratory commentaries on the ocassion of Nigeria’s independence. In this “democratic” virtual space, one can sympathise with the message of optimism- including reflective messages from citizens who have summoned us to hope in the midst of one of the darkest phases in

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Viewpoints

The social psychology of racism

I remember attending a workshop 16 years ago in Nottingham. The event was organised, as I recall, by the Nottingham City Council to encourage more “black” people to get into teaching. That was in recognition of the significant under-representation of African and Caribbean teaching staff in the school system. So they got this guy as

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Viewpoints

Kashamu Buruji: deconstructing Nigeria’s “grassroots” politics

The death of Ogun state Senator,  Kashamu Buruji, has generated a lot of comments and reactions in the Nigerian public space. Former President Obasanjo, in his reaction, did not pull punches when he denounced the deceased as one who, in his lifetime, “used the manoeuvre of law and politics to escape from facing (sic) justice

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IT Vacancies

What Is A Chief AI Officer CAIO? Do You Need One? EHE Ventures

A big leap happened with tools like ChatGPT, which made AI more accessible for everyone, not just the Chief Executive Officer of an AI startup job tech experts. Suddenly, companies of all sizes could use AI to streamline tasks, create content, and improve customer interactions. These can start with small steps — such as embracing

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Policy issues Viewpoints

The trials of “Brother” Seyi

After one year in office, there is one area in which the most strident is Governor Seyi Makinde’s detractors will struggle to gain traction: the fulfilment of his promise to pay the salaries of civil servants regularly. In other climes this will be considered trite, perhaps to the point of ridiculing any public officials who

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People Viewpoints

“Doctor” Mommy: Celebrating the First Doctors At Home

There were waves of joyous felicitation at the beginning of this week on the occasion of this year’s Mothers day. Splashed across social media were photos and videos tinted with goodwill messages, prayers and best wishes for mothers, not to count phone calls from loved ones near and afar. The happy cheers were quite heart-warming.  Mothers

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Viewpoints

Book review: The Crowd: study of the popular mind

I have always been interested in the psychology of crowds. However, the past decade has renewed a free interest, in the wake of Barack Obama’s emergence, and then Donald Trump, and the rise of populist nationalism across the globe. So, when a friend recommended Gustave Le Bon’s book, I was looking forward to reading it.

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Viewpoints

Scapegoating China won’t do any good

I recently came across an opinion piece by former Nigeria’s education minister Obiagel Ezekwesili arguing that China must pay reparations to African countries as a compensation for Coronavirus pandemic. She stated, among others, that “China should immediately announce a complete write-off of the more than $140 billion that its government, banks and contractors extended to countries

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