₦airaland Forum

gassbee:
if e sure for putin, why cant Putin just do wat trump just did by capturing Zelensk and wife

Gbam..

That should end and resolve this lingering blood shed ASAP and attempt diplomatic.

Not endless fight without directions.
No progress.

But can they?
If they can't, let Ukraine attempt as well.
It's the surest way to peace. Even if temporary.

Gerrard59:
Yes.

Investbamboo.

I am investing to take advantage of gains, but so far, some stocks have low volume liquidity. Stock go rise, to find person wey go buy na problem. I have observed Chellarams rises very high, but I don't know if it has a high volume liquidity.


Thanks. So, which platform do you recommend?

Read also to understand the business of the stock as well if it has potentials.
If anything goes south and you get trapped.
You might be more accepting staying long term until liquidity surfaces.

Match the business with your strategy, long/short term goals before buying into any stock just based on liquidity.


As @Emmaodet advised, use direct brokers if possible rather than sub-brokers.
There are numerous on this platform if you prompt well.

You can as well searchout top 10-15 brokerage firms for a start. (not a guarantee of efficiency though, but helps narrow your risks.).
other Approved ones are also listed on the NGX website.
Contact and Compare rates and fees.

awesomeJ:
Index begginning the year at new ATH.

Great start to the year 🎉🎉🎉

I just think its people who sold off between Nov & Dec and entering back the market within this and next month
(Jan-Feb)

We await the liquidity movement as the year stabilizes during Q1 of March-April

Agbalowomeri:
Oya o make una begin pay tax

Gbas gbos go full court.

Stockpromoter:
...............
Thank you for your understanding and continued support.
Wishing everyone a profitable trading year ahead.

you should have ended with:

"Thank you for your attention to this matter"

Happy New Year 2026.

UNIBENDON:
You came to advertise or market 'Finmap'!

You're just like some Nigerian religious leaders that always preach about giving but they are always taking from their congregants.

Probably you're quite new here. #Understandable

That man has given more on this thread freely than both of us combined.

Enough said.

techstack:
He is supposed to be prosecuted for constituting a public nuisance.

Let me play Devil's Advocate here.

Is being wrong a crime?
Bedsides, he said he prayed against it and it was averted?

How true or false can this be proven?
can you explain his crime of public nuisance giving that he announced aborting the mission on the 24th?

How different is this from skit makers who crack jokes and pranks and and the end, reveal the humor side to their victims at the end of their charade? Why aren't they sued?

He didn't force people?
It was voluntary believe wasn't it?

mallamOmonile1:
Dear Chimex38

My opinion on your question is:

The reinvestment exemption only applies to sale of shares that is reinvested into purchase of shares. It is strictly a share -to-share stuff.

Therefore to answer your question directly, the sale of property will be taxed appropriately even if the proceeds are reinvested in stocks.

Just my view ni o, i no too know book.

OK. Gracias.

Happy new year.

jonnysessy:
Happy New Year to you all
Happy new CGT to all NSEMPA members.
Happy profitatable year to us all.
Happy new compounding to us all.
Happy new patience in holding.
Happy new balancing of portfolio.
Happy new holding and reduce JIJO
Happy new banking recapitalization.
Happy new insurance recapitalization.
Happy new correct description in money transfer.
Happy new 2026 to us all.

Happy new reminder 2026

awesomeJ:
Shey you remember that scenario happened 5 years ago during COVID lockdown.
Global oil consumption crashed by over 70%

You had to pay people to buy oil from you 😁😁😀


That's the only thing that will make Agba get some of the prices he's waiting for.

yes.. I remember.
They said was stranded at sea or so.

COVID was terrible.
Those who had courage for stocks. I dove my cap.

@Namaster @mallamOmonile1, anyone please.
I know you've over cracked your brain this evening on this tax scenarios enough for headache esp Namaster.

Just a direct question please:

Since CGT applies to physical properties as well.
if someone sells a property and invests proceeds in NGx, will it be taxed?
Isn't it more like asset reinvestment?

@awesomeJ Namaster @mallamOmonile1 @Pluto9 and all.
Una Weldone for the eve Gbas- gbos on tax.
It was quite insightful

*Withdrawn proceed is always a percentage of cost/gain just like share sale.
It's only rational for taxable gains to take that into consideration.. #Noted


Even though we still await the tax law adjustments next yr
(in 3hrs ).

awesomeJ:
Once in a blue moon when crude crashes below $0.

Nigerian Creditors will literally be going house-to-house to take and sell properties.

awesomeJ:
It helps that about 70% came in as FDI.

So the actual amount raised is more like N100bn, which is still a solid figure.

But I just didn't like that you were making it seem like my friend's state was low budget 😁😁😁

True, I forgot the FDI from that Siat group.

No vex for the states matter, I have no issues with them.
Just trying to quantify that amount in context.
(Good you brought it up though for clarification. Didnt see it that way)

jonnysessy:
Don't worry, just get prepared next year.

I wish you a happy new year in advance.

I just hope the man wasn't planning to exit his large holdings today by 1pm so as to escape CGT.
Only to find out... Ọ la gho
(it has gone)

emmanuelewumi:
Just 103% subscription. Got roughly N257 billion

Without extension,
despite the price.
Despite the turbulent month of November amid Trump and tax balablu.
Still raised 0.25Trillion in a month!!
about Half of either Benue or Kogi proposed 2026 budget
This life no balance.

People stretched themselves for the company.

The company get plenty goodwill.

Jayce242:
There is nothing like misinformation or ignorance, tax is tax! There is no way it will benefits the citizen in a country where govt account for nothing! Previous monies have not been accounted for, this will be no way different.

NNPCL debts has been written off
Financial Cash out for some.

They should write off my tax as well Ooo
Otherwise provide social services cash out.

bharkarh:
for someone with a long term goal to compound will leave because of that 3% differential. It has nothing to do with 50m or 2m.

Another angle and case in point. It's only rational that anyone with compounding in mind will move to higher rates as quick as possible.
Not disputing it as well.


This discuss started from
1) why Stanbic is popularly presented as a go-to for first timers.

2) Why people are reluctant to move their assets to others even when they are aware of higher rates elsewhere.

But whether your submission is among the majority case
of investors in Nigeria, substantial enough or just outliers is subject to statistical research.

Beeron:
okay let me break it down.

Banks purposely lock up their money with CBN to gain interest and prefer to borrow within themselves to run banking operations.

So when they begin to borrow within themselves, it means liquidity is tight, ignoring the fact that they have locked up money somewhere with CBN to make profit.

Shey you understand now?

OK. Understood..Thanks

Beeron:
Read in between the lines sir.


You want to make profit, you don't want banks to make profit too.

They want to make profit too. OMO profit is not enough for them, they need to make more, this Is why they are parking their cash with CBN.

The reason banks do this is the same reason you are running from Stanbic to Norrenberger or Trustbanc.

Most of these financial jargons are a bit tough to fully comprehend. Bear with my level.

I only mentioned you cuz you mentioned low liquidity of banks while banks seems to recently have idle liquidity from my comprehension.

Beeron:
Nice one Chief.

For the sake of diversification, please don't put all eggs in one basket ooooo.

Myself I began with Stanbic but moved 40% to cowrywise to trade MMF like stocks there. I buy the highest yield, when the highest stops being the highest, I sell to stash and buy into the new highest yield.

Current high rates won't last long especially when MPR gets cut probably in February.


If I am being honest, Truth is; I don't think they will cut MPR in February because of this DETTY December inflationary speeding plus, I track FMDQ to see that Banks don't have liquidity.

So enjoy for now.

I learnt bank had excess liquidity they were unwilling to lend. Statched it with CBN last week.

https://nairametrics.com/2025/12/24/nigerian-banks-flood-cbn-with-n3-7-trillion-excess-cash-on-christmas-eve/

Preator:
Oga mi, na people in that class dey move pass o. At that value size, the difference in rates translate to significant quantum of cash.

3% differential for a N2m investment is N60k/annum , N5k per month or N164 per day. This i can ignore.

Same differential on a N200m asset is N6m per annum or N500k per month. The non cash benefits will have to be crazy for me to forgo N6m a year.

Moving might be hard, but for N3-6m, i'll do the "hard" work.

True though.
You have a point as well.

You are leaning on the amount forgone which is a big loss for such elder.(6m)

Why I am leaning on the amount such person is making already which is contentment for such elder(30m).

Also, we tend to use our youthful brains to guard our thoughts when we get older.
But in reality, it's actually when we get older we realize other factors will shape our decisions.


I know most of us all think we could be unstoppable and motivated enough to do this and that at between our teens and early twenties.(15-25yrs)

But consciously or unconsciously we may begin to strike out some of them, seeing things differently, due to maturity, change of needs, other life experiences.


But I don't disagree with you entirely. One may have more ambition, needs or wants e.g a goal of increasing ones generational wealth, so you won't let any of those opportunities pass by.

I was only trying to justify why majority don't move easily despite being aware of higher rates.

Let's say someone with 50M at 15% earns 7.5m yearly. Enough for his/her yearly expenses with leftover. Plus other values, customer service, ease of location, etc.
Would he/she be willing to move to one with 17-19% so easily? to start afresh?

In Mmf the differences in rates aren't much. ±3% maximum
(baring 1 or 2 outliers)
so isn't enticing enough for such class of people.


Compared to someone with 2M looking to use Mmf to build wealth. From 15%, The extra thousands on top of 17% is essential to him cuz of compounding effect.
Finance is the goal, other logistics or services is secondary.

bassdow:
A woman who is in your Life solely because of your wealth would be gone the moment that wealth is no more BUT if there are other reasons She's in your life for, She rarely would leave that easily or at all.

To paraphrase:

A younger woman might leave once one is broke a bit and you can only provide 2 square meals a day. She seeks 3 square meals plus dessert and flamboyant outings.

but an older woman with wealth of life experience and knows the value of other benefits you offer her at that age might still stick with you.
Afterall she doesn't eat much these days and not flamboyant. So she can make do with your twice daily food offer.

That's part of why people hardly move to other assets plus cost implication.

Either they are older and prioritize other non-financial value FIRST or have large asset, different to move around.
They need to be sure to stick with one less likely to close shop.

some have grown to have insiders that give them express service over the years with the bank. Such relationships establish trust and are critical and difficult to build again while moving to another.

Beeron:
The issue of brand is deeply rooted in the structure of communication and vested interest of some people here on Nairaland.

Due to referral code benefits, they shove a particular brand down your throat here making the brand look all shiny and glossy.

This makes the beginner investors coming here for information thinks Stanbic is the best and will always be the best. It creates a bias and cognitive dissonance to other brands

It will only take time for you to have a second thought like "wait, how come I hear only Stanbic more often here than other MMF managers."

Stanbic low rates is beginning to challenge their previous knowledge, that's why most of them suddenly realize, "oh wait, there are others too offering good returns — I will move 50% out of Stanbic."

Why you might hear Stanbic more

Stanbic has the brand and reputation.
If you check how long this thread has been, most other fund managers were just starting up or non existant when Stanbic was already deep in the game in Nigeria.

Reputation/brand, Assets under Management, longevity and deep knowledge of various Fund management including MMF made Stanbic pioners in this segment.

Most oldies on this thread probably used Stanbic and so naturally recommend it.

There rates are sometimes low in comparison, but the High networth investors which they have courted over the years of their monopoly seem to stick with them cuz of other factors and ease of moving.


but they have had largest market share for sometime. Though that gap is closing with awareness and others offering retail options that Stanbic were slow to adjust at first.

emmanuelewumi:
GTB only needed to reduce the proposed final dividend for 2025 by about 28k and they will get the N10 billion.


No wonder auditors, CBN insiders and NDIC no too dey buy most of the banking stocks. Just surprised that GTB is now joining others in their funny games.


Upon the big profits declared by the banks in Nigeria and supposed cheap valuation, non of them beat currency devaluation or inflation and delivered 1600% in the last 20 years at a compounded annualized return of 15%

I suppose as per CBN guideline in 2024 on capitalization, apart from share capital and premium, no other part of equity can be used to raise capital.
Therefore, I think using PAT or sourcing from equity wouldn't have cut it.

nosa2:
I'm sure there is more to the deal than we are seeing right now. After all not all major shareholders would benefit from the discount and they will raise questions.

Make shareholders wait for conference calls to get more clarity

from the NGX notice.
It seems they've already gotten the approval of shareholders as at May 2024.

Therefore, this current ₦10bn capital raise is included in the $750million capital raise approved by shareholders as at May 2024.
Method: RI, PO, PP, etc

The Board has just been executing this $750m raise in tranches.
1st and 2nd tranche was securing GTBank's capital raise from the same $750m lump sum using combination of methods.

Also, methods and Equivalent currencies can also be used to raise the total $750m approved capital.
In this latest tranche 3 raise, it's Private placement and Naira respectively.

The ₦10bn raise is capital requirement for financial holding companies(FHCO).
in this case GTCO.

It doesn't seem like a new proposed offer from no where.

awesomeJ:
Who else noticed Otedola GEREGU exited at just around half the current share price.


If the $750m figure is true, it comes to just about N600 per share compared to the market price of N1141.

Hmm.. Insightful

EDUECO:
ACCESSCORP is still on bonanza!

₦40 before 2029 is sure .

Also ₦40 in 2029 is poor.
As sure as poor

1kinggy:
30% CGT?

Ote wants to move asset to safe havens.

Na Ote dis CGT benefit most.

See cashing out before 2026..

RENOWNED2:
Hello my bosses. I'm looking to invest 4million into the stock market in January next year.

I'm interested in growth stocks as dividends don't really make any sense at this stage.

Any advise?

I will give you some tip if you can tip me to buy Tip.

Be careful though, cuz at just the tip of it, I might just be at my tipping point. Why?

Cuz I just gave a tip to a bartender whos removing the tip from my bottle. Hope I ain't too tipsy?

Just sipping a sip at a time from the tip

#cruise
#Dont take me serious
#Do your DD on stocks.

emmaodet:
→Rent vs. Buy
→Big Emergency Fund vs. Small Emergency Fund
→Pay Off Debt vs. Keep It And Invest More
→Cash On The Sideline vs. Always Fully Invested

There are no "right" answers to these debates.

Personal finance is personal.

Fixed