₦airaland Forum

Stockhunter:
You fit wait tire o. Better to be scaling up and down gradually. Na so chams do rights issue some de wait make e come down yet it did almost 100% from circa 2 to 4. Not to talk of TIP that has small outstanding shares. I see it getting to 15 before the closing date. I might be wrong though. A director bought about 60 million units at market price. Why didnt the guy go for the public offer. Just wondering..

Todays trade is 2.88million units.
Total units traded for Tip for the past one week is less than 45million.
Where you get 60m units

SonofElElyonRet:
You still dey there abi?

lol I no dey.
I just dey laff the bloated price prediction and duration with confidence.
Even Seplat with it's miniature OS and CONSISTENT quarterly dividend payment with also CONSISTENT increase almost yearly in dividend face value payment never reach 6k in about 10-12yrs so far.

Na MTN wan do 7k?

Na "NextGen" MTN go fit do 7k not longterm.

emmaodet:
The worst place to discuss stock market or analyzing equities is on a WhatsApp group.
You go against any of their perceived gurus and you get threatened of been yanked out of the group.
I joined an investment group of ex-course mates of recent and there, their gurus are telling them to be buying MTN that it will soon touch 7,000 per shares from the current 400....Haaaaaaaaaaaaaaaaaa!!!!!!!...egbami
I tried sharing a different view or opinion on why even though MTN is going to rise on the medium to long term, i don't see it getting to 7,000 at least, not very soon.
I have been threatened and told to shut up and keep my opinion to myself ever since.
Infact, they don't want to hear anything from me again... pim make i no talk

Kpele

SonofElElyonRet:
I sometimes don't get X sms alerts too. Also bank sms alerts. That'll be fault of gsm network provider. Not contradicting your advice. Just my observation

True. It happens. At times the sms is also delayed. I understand your point.

The persons case looks like an all-in-one-case from every angle.
so I think it best not to rule out any isolated Issue.

Emumakpo:
I received sales contract notes from my broker, but no sms from cscs

I have checked my porfolio with cscs and the shares are no longer there

I have done both since last week

you mean, you didn't receive any X-alerts as SMS?
I would advise you screenshot your CSCS portfolio statement as well as send the contract note from your broker to CSCS as evidence.
Also make complain of not receiving X-alerts.

you can copy SEC along if possible.
Maybe @Emmasoft can help you further.

Emumakpo:
I am having an issue with UCAP stockbroker. I sold some of my cabury and Total shares on the 5th and 10th of this month up until now they haven't credited my bank account as a Direct Cash Settlement customer. I have sent emails to them, but there is no positive result.
I have complained to CSCS, and I was told to lay the complaint through the broker, which I did, but no response yet.
What should I do next?

1) unless you received contract statement of your sell orders alongside the SMS alert from CSCS, probably not all sales were executed that day. Maybe it took extra 2-3days to sell your shares.
2)Try check your portfolio directly from CSCS(NOT your broker platform) and see the status of the trades. if you didn't register, you can ask for your direct statement from CSCS or via your broker(it will come with CSCS identifiable features)
Probably they may be on pending transaction on the statement(ongoing process)

3) contact CSCS directly again, copy your stockbroker or Contact your broker and copy CSCS.

4) Escalate to SEC.

SmartPolician:
The interviewer should've asked them why they weren't happy because price drop means more sales

Means they still had more than average demand for rice despite the increased price.
Price drop won't increase demand so much. It probably would be fairly the same.

Stockhunter:
I can bet my 2 cent that this CGT will not be implemented. There was a reason the last one was not. One, we dont have the infrastructure, two, the market is very dynamic and complex. Only the JIJO guys that swing though several stocks in a year will confuse the system.

Another example if dangote fertiliser/refinery list by say 2nd quarter next year and an investor enters into the stock by 3rd quarter and makes gain above 10m, will this be taxed too, considering the reset date of 31 Dec 2025.
This market go burst the tax guys head no worry.

Reset date isn't 31st December 2025 Ooo.
The cost taken is the higher between your purchase price before 31st Dec. 2025 and the actual price as at 31st Dec 2025.
It's not a fixed reset date but conditional.

If you bought DR in 2026, the reset date isn't applicable.
Your cost basis is from the 3Qrtr you entered DR in 2026.
i don't see the issue here.

Streetinvestor2:
Na PDP game.Leave all the November fabu ..lol, was likely in the market then.And cashed out need it low for end of Yr round trip. Which cgt nearly helped the ministry but failed. I don sabi his pattern

Lol. round trip
All join

lol. Same Agba also supported bullish stocks that has done 110+ in our very before
@June 2025

Agbalowomeri:
Classic inexperience here.
Your stocks that you should be selling, you no sell. Now you are selling your winners

Don't forget this quote: Let your winners run

Catch NASCON @120

Gotocourt:
The minister was performing his statutory duty. Any occupier of land must allow the minister or governor to enter and inspect the property, Falana said.

You mean I should allow Omonile of FCT a.k.a Abuja landlord into my house .
Wetin dey worry this agbádorianss SAN

If the house is being disputed, why not?

Ginalex:
Yard people abeg na

Lol.. "Yard people"

samarine:
I use Afrinvest

OK. Like I wrote, contact them for access.
Or you can simply register independently at infowareLimited.

Though for PRESCO, market seems to have caught up with the RI price. Traded mostly around 1430 with few units around 1415 earlier yesterday(thursday).

It was trading lower than 1,400. Up-to as low as 1,356 last week and a week before.
far cheaper than the RI price.

samarine:
I agree you read through my naive mind.
Pls, were you talking about market order?

OK. market order is fairly good enough.
Market order gives an idea of range of bids and offers at real time

There's another layer. I think they call it market access where you can actually see all the transactions that have taken place since the beginning of the trading day.

Whois:
Yes both are right and the argument was uncalled for.
One of them lack self respect hence the back and forth.

Yes.. True.
He crossed the line.

BATified2023:
are u afraid to talk about obi achievement as governor?


Y are u dodging it?

Both of you are dodging.
1_1.

Whois:
Military officers don't take orders from civilians.

How about civilians delivering on their mandate on ensuring equity and fair distribution of FCT Land according to the Land Laws?

BOTH CAN BE RIGHT!!

samarine:
Thank you, for contributing.

I believe it's cheaper taking the RI and I am paying 1420 PS, even for the extra they advised if I wish to take.

Depending on your broker, you can access or request for market access to view the market and then decide which is cheaper. Unless you have other goals.
Chat or email them.
Morgan, Meristem, investmentone, cardinal stone, etc.
Or try register on InfoWareLimited

Edit:
Assuming you don't have access

awesomeJ:
Yes, and part of the relevance of this platform is to share such info with those who might not have it.

you are right.

awesomeJ:
Okay.
I am paying 1360 PS on the floor though.

My maths says 1360 is N60 cheaper PS.

If you read through the boldness of the "cheaper" comment.
You can infer that the person doesn't view the marker orders.

They don't know what's going on with most stocks especially highcap stocks that mostly trade below or above 100k units.
All they see is the NGX display dashoard.(₦1,450 thereabout).

you guys are having a different view of the market.

mikeapollo:
So selling and buying in the ''same year of assessment'' is the real deal now.
So if I sell on 31 December hoping to invest the proceeds in March, the govt will tax the proceeds of December. What happens when I want to reinvest the proceeds to buy another stock in March? Will govt refund?

Nope. No body taxes your sale proceeds if you sell in Dec.

Your full sales proceeds automatically becomes your cost price if you decide to buy in March 2026.

Streetinvestor2:
Walahi if this government na odd wa u fit win money. I for dey cash out steady..lol
I too sabi predict thr move.I said it about the senate though I was expecting it all next week.
They only acted faster than I expected. I expect the cgt to be reduced btw 15-20% before implementation. The 80% was solved already. Na 20% remain for my opinion. The ASI has political target of 150k or above. You can see the indirect campaign in thr speeches that ngx has returned 50% this yr in most pronouncement

yeah..you were spot on..
They are also invested in NGX

awesomeJ:
With a N150m portfolio, I'll probably sell N500m monthly( N1bn for both buy/sell)

And with a N15m portfolio, I might hit the 150m sale in just one quarter (300m total transactions)

So it's not right to say because people have Portfolios below N150m, then they won't hit the threshold.

It's even possible to have a N2bn portfolio and not sell up to N150m per year, whereas you could have just N10m and sell up to N300m if you trade actively for an entire year.


These are some of the things stakeholders should probably explain to him.

But it's good he has said the implementations will have adjustments.(In line with what Mr Wale said)

@bolded..
Exactly..

EyeCumInPeace:
Person wey scam a whole Army Vice Admiral get mind o.

Most times, the buyers may hide their identity or use a proxy company name instead.
You won't know the name of the person you are about the scam is a top Army Personnel.

Streetinvestor2:
Really another good thought that should have been in place in the cgt before the rubbish was made public

2sides, same coin.
It's just the other side to the same public statement.

He's just expanding it.

SpaceX:
When is tinubu going to start giving food stamps and unemployment benefits?

you must have been banned for some days
Welcome back

femi4:
Anyone that does not obey court order is a misfit

Lol.. OK. Context of Court order misfit.

Yoursfaithful:
Don't be too quick to conclude ..I dnt trust this govt ..what makes you feel the #15.00 gain will be tax free what changes..dnt forget we have a current policy of 10% CGT of which the only problem was implementation which is still effective not until 31st December 2025.so what if they decide to apply that together with the one to be effective 1st Jan 2026..automatically 10% on gains before Dec 31st 2025 and 30% on gains after 1st Jan 2026.

New tax laws of 2025 supersedes the finance tax Law of 2021 or so where the 10% was.
Old finance law becomes ineffective Dec. 2025.


Has anyone called you or is planning to call you to pay 10% of CGT before December 2025?

If you are still doubtful, just sell your holdings and repurchase back before the beginning of the new year.

Olaide1295:
https://x.com/taiwoyedele/status/1988304820202078535

Taiwo Oyedele provides some clarity.

Gracias 👍

femi4:
He should apologise to the Nigeria Army

So power drunk, quick to call people names n tell them to shut up

A misfit..his end is near

He might be everything you wrote up there, but not a misfit in being FCT Minister.
Been hearing so many positives on FCT.

unless you mean it in another context.

@awesomeJ was right.
This helps to buttress the interpretation further.

"For example, if an investor acquired shares at N5 and the value appreciates to N20 by December 31, 2025, the tax authority will treat N20 as the cost base going forward.

If the shares are later sold in 2026 for N25, only the N5 gain realised after the reset date will be subject to CGT. The N15 gain earned before the new law takes effect will not be taxed."

https://nairametrics.com/2025/11/12/capital-gains-tax-oyedele-clarifies-past-gains-wont-be-taxed-under-new-law/#google_vignette

They will have to amend the law if it's included.
Anyway, they have the whole 2026 to do that.