₦airaland Forum

ositadima1:
.........
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The problem is that ordinary people feel the compounded effect. Telling them that the rate of increase has slowed down means nothing to someone now paying twice—or even three times—for the same plate of food they bought less than two years ago..
........

Make I Expand the bracket

awesomeJ:
MCSE doing 2.26% of the market.

I did 1% of MCSE with half my portfolio 🎉🎉

Itzlinda:
It is obvious Alhaji has a bigger plans and have everything mapped out. That's why he comes out gun blazing fighting anyone that stand his way

awesomeJ:
I didn't even follow up that their windfall tax story to the end.

It's too much! On top of 30% CIT, 2% education tax, and another 10% off PAT.

But like Pa Emma has been saying since 2018, Nigerian banks have mastered the art of making money.

awesomeJ:
Why not? If the fair Value of their assets have changed, why not?

Anyways gains from about $5bn of the holdings were actually realized, cos CBN forced this 0% long NOP policy that forced them to sell.


If GTCO held $1bn valued at 460bn in 2023, and they were forced to sell in February 2024 at 1600 for N 1.6trn in proceeds, why would CBN say they haven't made N1.14trn in gains?


I think what CBN might do is limit how much dividends is paid from such gains or whatever, but i don't see why they would basically ask them to lie by not recognizing the gains.

awesomeJ:
How do manage to consistently type incoherently? 😁😁😁

Like every time!

Olaide1295:
Less than last year’s profit after tax. Should do better next year.

Streetinvestor2:
So if they don't pay dividend the SP will fall.What has FBN been paying all this yrs as dividend .when did eco transnational pay dividend last
Make I look for trouble. How about kpakus that has no hope to pay dividend in the next 10 yrs.

Willie2015:
Do u have to remind them
Dem go comot tax again

U go just dey look for trouble up and down...

olaremint:
0.25k is a big disappointment

Streetinvestor2:
The management is not serious. What is the essence of this when u are still struggling to meet recapitalisation. I was not expecting any dividend when many are not picking up the RI because it is above floor price..
Tony no think this one well

Agbalowomeri:
ACCESS fit enter loss if dem write anything down Lol

Olaide1295:
Quite interesting. So now Access likely pays 1 naira while Zenith pays 1.25 naira in interim.
Yet, Zenith is priced almost 2.5X of Access.
BTW, Zenith's profit is down 13.95% YoY compared to H1 2024, but is paying out 25% more.

Updated:
Zenith wrote down over 700Bn in impairment....I see.

DelilahMakinde:
Today's 10%

Fidson Healthcare

GeeKudi:
Like SpaceX, like Sboga, like undead. Three jolly clowns

emmanuelewumi:
So they want another low key subsidy

SonofElElyonRet:
What does the bolded even mean
Are they also "working on talking about" increasing 10% maximum price loss

pluto09:
Where do you people get your information?
Where did you see CIT of 10%?
The new tax law doesn't increase CIT so nothing like it will be brutal for him next year.

awesomeJ:
CIT is currently 30%.
They're looking to gradually drop to 27 then 25% in the new tax act.

But there are other levies like the 2% for TETFUND, the 10% WHT charged on already taxed profit(still goes to the same govt) etc.


I think what they're taking away which he previously enjoyed was the pioneer status, where if you build a new plant, you can enjoy up to 7 year tax holiday on products from that plant.


The policy was so generous that it also covers even just new additional lines.

Imagine DANGCEM had 20 million tonnes capacity at Obajana across 4 lines (say 5 million tonnes each).

If lines 3 and 4 are new lines, and the company needs to produce just 12m tonnes, they'll produce 5m from line 4, 5m from line 3 (both of which would be tax exempt) then only 2m tonnes from either line 1 or 2 and pay taxes on just 2m tonnes instead of 12.


He mentioned in his recent press conference that they won't give him that for Itori.

orriyomi33:
"We pay 52% of revenue from our cement business as taxes to government "– Aliko Dangote

The President of Dangote Group, Aliko Dangote, has said that the group’s cement company pays 52% of its taxes as revenue, with the government collecting 52 kobo from various taxes out of every N1 it turns around.

This was made known by Dangote during a press briefing at Dangote Refinery, where he stated that the government collects more money than what the company shareholders take as dividends.

Africa’s richest man also noted that the federal government collects 10% withholding tax from the dividends that shareholders are paid, leaving them with a balance of 90%.


https://nairametrics.com/2025/09/16/we-pay-52-of-revenue-from-our-cement-business-as-taxes-to-government-aliko-dangote/

ojesymsym:
All parties, for and against don try, make we return to strictly NSE related matters.

SonofElElyonRet:
Yes ooooo

crownprince2017:
Whether, you like it or not, dangote success cannot be separated from the reform of this government.


Kiss the truth.

GeneralDae:
People just ran away with the rumour that Dangote was fighting Tinubu. It’s so funny how folks could easily believe some of these rumours.

reezee:
That some people in government are trying to sabotage him may not directly be linked to the presidency. Have you seen him complain since Ojulari came on board? The people that he is currently fighting, which is visible to everyone are those labour leaders in NUPENG AND DAPMANN and you can see government's efforts in trying to intervene with the agreements that were reached.

SonofElElyonRet:
10-5 you mean

Olaide1295:
Don't mind them. Dangote refinery coming to life is because Tinubu set enabling policies.
If dollar peg was still there and Dangote needed to lobby CBN and wait for weeks before he gets USD to buy crude oil, won't the refinery have collapsed?
Good govt. policies have a way of smoothening out business that you will think success has nothing to do with the government.

Streetinvestor2:
So Dangote success story now is Tinubu doing. Thank God social media does not hide.Was it not in this country that when Tinubu started. He started fighting alhaji via proxy.Alhaji was all over media shouting and even accused them of bringing fake products from Malta and accusing fingers on oando.NNpc under kyari wanted to make sure the refinery fails.They whr bent on importing as Tinubu was the petroleum minister. Make una no dey change the narrative abeg.They rushed to claim that government refinery was working..ph refinery. Which was all stage managed to discredit Dangote refinery.

reezee:
Don't you think government policies are the reasons why Dangote is able to have significant impact on the economy? I believe the aim of every government should be creating an enabling environment for businesses to thrive. Even Dangote always acknowledge the influence of the government in making it easy for his businesses to thrive. We can blame them for many things, but deregulation has ensured that there's healthy competition in the market.

Toluway:
NGX considers extending trading hours to 5.00 pm
https://punchng.com/ngx-considers-extending-trading-hours-to-5-pm/

Agbalowomeri:
5pm will be boring