₦airaland Forum

Jakarta:
Ogbeni fly loss, you talk too much for a president. You just wake up and start posting trash as if America is your personal farm land.

bastardson:
Has the stock market been closed all week?

My portfolio is literally stagnant

pluto09:
https://oilprice.com/Latest-Energy-News/World-News/Dangote-Diesel-Fails-to-Meet-Europes-Winter-Fuel-Standards.html

Agbalowomeri:
The fight is on

emmanuelewumi:
Statement from Presco

awesomeJ:
Rewards of teachers are in heaven.
Maybe access thinks their shareholders should be as noble too.

Agbalowomeri:
So ACCESS will use 3 decades on acquisition
When will the shareholders enjoy the dividend of their labour bayi

emmanuelewumi:
Team access

Raider76:
After you missed Dangote Refinery?🤣

emmanuelewumi:
I sent a WhatsApp message to the Investors Relations Officer of Presco and this is what he sent me me

toyeoye:
PRESCO
Elections have consequences

chimex38:
If I get your discuss thus far.
You don't want a lien on any of your assets or pledge collateral with a loan of 30%-35%(secured loan).

But you prefer an interest rate even up 60-80% provided no strings attached as collateral
(unsecured loan).

awesomeJ:
You're taking the N30m figure ;Dout of context.

Check the conversation again, the only time I mentioned N30m loan was in the context of Ucap which is a secured facility.


I haven't mentioned any loan amount I want as far as unsecured facilities are concerned, it's only the pricing i've mentioned cos that's all i'm after. Give me even 60% unsecured, then whther it's 1, 2, 5 or 10m, I'll take it.

ositadima1:
Lol, so now trading is acceptable in your book? We had long arguments on this subject, and you insisted that fundamental investing was the only way. I’m glad to see your views have evolved.

emmanuelewumi:
I use my dividends to service my loans. If I can get a dividend of N90 in 2026 that grows by 30% for the next 6 to 7 years, I am okay.

The loan provided 33% of the fund needed for the right, I used my personal fund for the remaining 67%

emmanuelewumi:
.

awesomeJ:
If the bi-annual filing talk is true, it won't be unique to CGT, It would be PIT in general. So even people who don't play on the NGX would have to file as frequently.

But what I heard is actually March 31st of the next year and it's only once a year filing.

Streetinvestor2:
Many of those PO and RI will fail unless the management have underwriters waiting within the top management.

handsomebolanle:
And how much is Ellah raising again?
Let’s expect 3 month’s extension.🤐🤐

Waiting at 6-7 junction.

Streetinvestor2:
U will buy one and get 2 as jara..lol

ojesymsym:
Few points I was able to gather from the session.


Before now we had a CDT act so unlike before where we had different tax acts and documents, we now have one signle law on anything tax.
Filings are to be done 2 times a year. June and December. Transactions that occur between Jan and June are to be filed in June, ditto for June to December in December.
CGT applies to gains in securities and capital market.
Loses can set off from other chargeable gains which means you can use losses from one asset sale to offset gains from another asset within the same assessment year. The old CGT law did not allow this until the act of 2020.
Non resident is liable to tax on gains made from Nigeria
The provision now also ensures that FDI also have to pay CGT even if they use SPV to run their business in Nigeria
One way to avoid paying CGT is to use the gains to buy another security within same calendar year irrespective of whether you made a gain of 10M or not.
Bonds and FG securities are still likely to be excempted
Timing your disposal can also help in reducing your CGT
You can use your loss making assets to offset your gains when you sell both within same period
Risked aversed people can focus more on dividend gaining asset since that dividends only attract 10% WHT
When filling your returns for CGT, all your refunds should provable. Contract documents come in place here
Same for when you reinvest.
Use all of those details to self declare your gains. Do not wait for the tax man to come and help you calculate.
Know what is taxable and not taxable, do not misclassify.
Crypto will also be liable to CGT
Identify Tax Exempt Table Income Portfolio abd assign more resources to them
Looks like even mutual funds are CGT taxaable (This one I was not clear on)

nosa2:
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If Boko Haram were blowing up oil pipelines trust me Nigeria would have found a solution since. But as things stand right now a bunch of poor people are killing another bunch of poor people.

Streetinvestor2:
How much is the so called zenith today. How much was it before this failed government started
Then do the devaluation/inflation maths on the street. U will see reality
A disgraced ngx has nothing to offer till 2027 when this failed government is kicked out

nosa2:
I think we are close to or at the bottom for some stocks, obviously Zenith Bank is one of them. It could trade sideways here but I don't see it going below N54.

In fact crypto has started bouncing back so tomorrow would most likely be positive

nosa2:
I buy more Zenith bank today. My final purchase sha. So as market dey consolidate people dey take poition

Harddiskng:
.............
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If i start explaining why to you, it would take all day. Anywhere let’s not derail the trend here.

HesInMe:
Market price-to-earnings ratios don't predict the likelihood of a market crash at all?

You're rewriting all of modern finance. If you're right, you'll earn the Nobel in economics. Don't bet on it.

ositadima1:
Everything I wrote above is verifiable. I’m done derailing.

MT:
It always appears like that to a chronic uninformed and uneducated.

MT:
Irrespective of what happens in Nigeria, the US has no legal right to say they want to launch military attack on another country uninvited

The US created the global rule-based system which Trump is currently destroying. There are diplomatic channels that countries use to communicate. No sane country comes to social media to plan war.

When US voted a convict as President, no one talked. When guns are killing them in their thousands, no country threatens to attack the US. US and any allies help are welcome but not through disrespect. Right approach has to be done.