₦airaland Forum

Yes, small, small. We need hear prophecy.

mikeapollo:
Long wait stresses the soul
Are you an Oandoite that believeth in the ''Prophet''?

Too much silence dey make person deaf o. Prophet, abeg speak.

Thank you o.

Locotrader:
Ekuu new week oooo
The red you saw last week,you will not see this week.
Insurance stocks will lead the market this week.

Royalex is back on track

Everywhere is red, the house is quiet. Who will tame the bears?

How I wish I've known this platform before now. Many thanks to the gurus in the house who have continued to drop tips and infos, without strings attached. My financial literacy is gradually improving.

nosa2:
I dont have a way to reach them.

The thing is that a lot of the members from SMN are a lot older and richer. As such they may not see the need for a web forum as much as they did 15 years ago.

SMN was life changing for a lot of us, myself inclusive. However whats the incentive for a lot of the OGs to be on a web forum right now. I know horlads, oga pegi and a few of the OGs are on there but due to their much busier schedules they may not be so active

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Agbalowomeri:
I dey WhatsApp group with my babes

Hahaa! Learning another new thing. Abeg, throw more light if possible.

Agbalowomeri:
You no know say groups get WhatsApp where they make plans and come here to hatch it?

https://guardian.ng/news/fg-scraps-capital-gains-tax-keeps-30-corporate-tax/
FG scraps capital gains tax, keeps 30% corporate tax
The federal government has abolished the long-standing 10 per cent capital gains tax, consolidating it with the corporate income tax (CIT) regime, while retaining the latter at 30 per cent for medium and large companies, under the newly enacted Nigerian Tax Act (NTA), set to take effect from January 2026.

The CIT will continue to exempt small businesses—those with an annual turnover of N50 million or less and total fixed assets not exceeding N250 million—from taxation, maintaining a 0% rate for such entities. Nigerian Airways plane models

According to the new law, tax shall be levied… in the case of a small company, at 0 per cent; and any other company, at the rate of 30 per cent.

Professional services firms, however, are excluded from the small business classification, regardless of turnover or asset size. The Act defines such firms as those offering specialised knowledge or skills, such as consulting or planning services. Artisans and vocational service providers are not captured in this clause.

The Act further imposes a 15 per cent minimum effective tax rate for companies falling below this threshold. Any business with an effective tax rate below 15 per cent must “recompute and pay an additional tax” to reach the benchmark, provided it is part of a multinational enterprise group or generates N20 billion or more in annual revenue.

Abi o.

emmanuelewumi:
There is no sentiment in business. Presco and Okomu were loss making and needed subsidy from the government.

But when they were privatized they became profitabie, created employment opportunities and are the biggest tax payers to Edo State government

Agreed. If it's a case of underperformance, then selling can't be the right response.

Streetinvestor2:
Oga that farm is older than me.
Nobody will sell it.It is not drain to imo state. You can say it is not bringing the right revenue to imo state.It is the legacy of our hero past.It is my state

But if the property is a drain pipe like Nigeria's nnpc refineries, what happens?

Streetinvestor2:
It is imo people birth right. And is a taboo to sell our birth right.All that can happen is partnership to improve its performance.
Go check how long that farm has existed

But one school fees na haircut.

Agbalowomeri:
School fees na school fees

Ahusu billahi!

Agbalowomeri:
Guys, 2007 bull

Lol... well said.

zendi:
Your lawyers should demand of the International Authority that you be released to go and be examined for a condition known as Grandiose Delusions or Delusions of Grandeure.

That condition, for example, can make one see himself wrongly as a Top Notch Hedge Funds Manager and Trader with portfolio and networth in the hundreds of billions of dollars.

One Yoruba adage says 'Visit six communities, and you will see seven wonders'

Youngzedd:
Weti Musa no go see for Nairaland

I have been reluctant in making comments here because I just came back to stocks investment after a LOOONG run-away exit, prompted by the 2008 financial crisis.
Dangote did not start today. I don't who else was a victim, but when Dangote was to buy over NASCON in those days, he played a fast one on us; he offered some units of his holding to floor investors. Riding on the wave and euphoria created by the BCC takeover magic, his media team hyped the NASCON news to high heavens, and there was serious scrambling and lobbying by investors. I think only few people were 'lucky' to scale through. It was sold to us at N17 or so, can't remember properly now. I was so happy that my bid went through. I thought what I missed out in BCC magic, I would recoup in NASCOM. But before I knew what was happening, they had massively crashed the price. The man eventually bought it back from us at N5 or so.

Shalom428:
It's really sad how Nigerians overlook daylight fraud in NSE. Our leaders know exactly who we are , that is why they use impunity to rubbish us as much as they do

Dangote proposed a merger ( Nascon , DangSugar and DangRice ) . Prospective investors keyed into it , especially looking at the price its closest contemporary ( BUAFOODS ) was and still trading .

DangRice is nonexistent, zero revenue, yet he used to sell and pump the price of the distressed DangSugar. He used it to pump the price of distressed DangSugar, he already knew Financial cost will battered DangSugar. If this is not a daylight robbery, I don't know which one will be

He knew NSE investors are docile, they will not do shit. Can he pull this type of fraud in an economy with active investors, Hell No!

I no longer play in NSE , I have over 3 Million unit in DangSugar and Nascon ( combined ) and I have chosen to ignore them for the next 5 - 10 years

2025 , NSE investors should hold companies accountable, go to AGM , ask pertinent questions and challenge whenever it is needed. I'm getting old now , more risk averse. I'm now very much active in the money market ( Tbills, Bonds , Commercial papers and so on )

Best of luck , guys

quote author=Shalom428 post=133640156]

It's really sad how Nigerians overlook daylight fraud in NSE. Our leaders know exactly who we are , that is why they use impunity to rubbish us as much as they do

Dangote proposed a merger ( Nascon , DangSugar and DangRice ) . Prospective investors keyed into it , especially looking at the price its closest contemporary ( BUAFOODS ) was and still trading .

DangRice is nonexistent, zero revenue, yet he used to sell and pump the price of the distressed DangSugar. He used it to pump the price of distressed DangSugar, he already knew Financial cost will battered DangSugar. If this is not a daylight robbery, I don't know which one will be

He knew NSE investors are docile, they will not do shit. Can he pull this type of fraud in an economy with active investors, Hell No!

Insider informant of the year
Senior prophet of the year

Streetinvestor2:
I will like to create the last vawulence for the yr.
As the yr ends today. We should give awards in this thread
1.chief vawolence officer of the yr...street investor
2.chief monkey hunter of the yr..Loco
3 Audio billionaire of the year...
4 Highest female activist of the year...
5.The man way too sabi FA /buffet of the year..PA Emma
6.The man with Highest emotional attachments to a stock..M moniker
7.The man way sabi insult with polished English...
Pls add to the list because e suppose dey long
It didn't easy to survive TPAIN 2024

House. Can I sell off part of my Afolabi Tashere units in Aradel to prosecutes these new opportunities? Wapco and Japaul in my mind.
Thanks.

This one na Agba Sense o.

Agbalowomeri:
Make dem use their holding collect loan from their stockbroker and default. The stockbroker go find way out

Find it here: 0813 946 5387

Oakbranch:
I am having an issue with my registered email with Morgan capital group, for the reason I changed my address to a new one that I am currently using. Can my stockbroker which is Morgan honour it.

Abeg, add me to WhatsApp grp, if available.

Mpeace:
That whatsapp group thing ehhh. The way some pple dey come here come attack person, you no need any body to tell you say dem done finish discuss you for the whatsapp group.
Na silence i dey use manager them

Ha! Those GTI guys, they are something else. Their services, charges, PR are worse than bad. Compared to MorganCapital, their trade portal is too limited in access.

9free:
Same way GTI has been milking me. Thank God say na tesere money for gambling dey there.

Insightful observations.

Locotrader:
Look like Morgan capital and Atlas portfolio (cititrader) has same type of web portal.
Manually done things.

Well I was able to do a transaction with cititrader today at around 0.80% total cost on BUY. This people will save me money oooo.Just that the funding and withdrawals are not friendly.You have to notify them of payment and request for withdrawal too.

Cardinal stone and stanbic are also cheaper in fees than other peers(Top brokers).Tested them ok

Investment one has been milking me 1.80% buy and 2.1% sell for sometime now.They will not see my BUY again.

Got it.

Ginalex:
The cheaper fee was what made me open my second account with Morgan. The app is user friendly

But then, what's the charges/commission of Cardinal Stone like? Is it as friendly/moderate as MorganCapital's?

Ginalex:
CardinalStone have both app and web with live/real time trading data. I use both though. CardinalStone and Morgan capital

Thanks.

KarlTom:
None that I am aware of.

I use the web platform...

Wonderful! I'll try them.

Ginalex:
CardinalStone have both app and web with live/real time trading data. I use both though. CardinalStone and Morgan capital

Ok.

Me4bas:
There's no app that can give you live update that I know of. What most stockbrokers have is web app..

Does MorganCapital have an app now?

KarlTom:
There are several.
I use MorganC for live trading data...

Peeerioood!

gamaliel9:
Finally, my analogue broker paid me my money today. T-3 things. Thank you I sold all my stocks with the firm...now i will attack ACCESS in my new broker...I think, if your broker refuses to TRANSFER your portfolio to another broker of your choice, it is better to sell all your holdings, then, use the money to buy with your broker of choice. Nonsense and ingredients

I beg, please, anyone who has any info that can benefit us, don't hesitate to drop here. That should not be an offence.

Let me lend a voice to this discourse. The 100% or so wage increase is actually a ruse and deception. The category of workers that will benefit that 100 % is infinitesimally small, if there is at all. By the government's consequential adjustment magic, most junior workers will get less than 50%, most middle workers will get less than 30% raise, while most senior workers will get less than 20%. When you juxtapose that with the astronomical increase in goods, food, transport, services, and other parameters of cost living, workers' purchasing power is actually nosediving, and far from increasing. He who wears the shoe knows where it pinches, I challenge anyone to do a finding on workers' living condition; it is worse than pathetic. In fact, I am doing this typing with a heavy heart. So, no one should think the wage thing will positively impact the economy, market, business, or company bottomline. Pls visit:
https://economicconfidential.com/2024/09/minimum-wage-adjustments/

Ginalex:
Mr. Osita, I expect you to understand that the increase in salaries and wages (which most times happens once a year)is nothing compared to how much the prices of goods and services have increased. Heck what you bought for 1 naira today, has more than doubled in a month such that most have resort to buying less quantity for same price compared to what they could afford before. While some others can't even afford even half of what they're used to because despite the so called "increase" in salaries, but in real terms have lesser purchasing power. Same goes for those that their "4m" salary increased to "6m". Their tastes don't even have to change for them to realize that they can no longer easily afford what they're used to.