₦airaland Forum

Where you wan run to? MMM

Oasisblue:
If implemented the way it is explained here. I will run from the NGX.

You mean N3 dividend? You may need to go back to sleep

Agbalowomeri:
How I come dream say ACCESSCORP paid 30kobo interim dividend?

Abi na high fever

Mr Oyedele is the only one who understands the new Tax law, and he will explain tire.

Raider76:
Oyedele clarifies Capital Gains Tax, cautions evaders

https://punchng.com/oyedele-clarifies-capital-gains-tax-cautions-evaders/

“We have eliminated the special rate for capital gains tax. It now aligns with the income tax rate of the payer. If a small business pays zero per cent corporate tax, its capital gains tax is also zero per cent. Likewise, low-income earners exempted from PAYE will pay no capital gains tax,” he explained.

*The Nigerian Stock Exchange (NSE)* has suspended trading in the shares of the following companies:

Unity Bank Plc
Fortis Microfinance Bank Plc
Thomas Wyatt Nigeria Plc
Multi-Trex Integrated Foods Plc
Golden Guinea Breweries Plc
Deap Capital Management & Trust Plc

I am not surprised at Deap Capital suspension. I said it about two months ago.

CBN to take full control of Fixed Income Market from November 2025. The Central Bank of Nigeria (CBN) has announced a phased operational overhaul of the Nigerian Fixed Income Market in a strategic move to deepen transparency and efficiency in Nigeria's financial ecosystem.

https://nairametrics.com/2025/10/02/cbn-to-take-full-control-of-fixed-income-market-from-november-2025/#:~:text=The%20Central%20Bank%20of%20Nigeria,efficiency%20in%20Nigeria's%20financial%20ecosystem.

NLC was used by the Pengassan cartel to derail the sale of the refineries.

ThisDay published an article written by the deputy NLC President detailing how NLC was used to derail the sale.

I thought his rite up would ignite protests but nothing happened.

NLC and PENGASSAN dont love Nigerians. They only fight to promote the interest of those who use them.

Yar Adua was lily livered. His decision to revers the sale after NLC threatened nationwide protests pained me.

pluto09:
I am never in support of the decision by Yar Adua to revoke the sale.
My point is that nobody bullied him to take that decision.

This man leaves his wife and children in the United States, comes and fight for Justice in Nigeria. I wonder!

Could he have practised his activism in the U.S.?

Na so Sowore take love Nigeria.

I really wonder about his wife and children. He barely spends time with them.

Unity bank is off the hook. Suspension lifted!

She cant change. Her mouth is her doom as she lacks decorum.
Some people pleaded for her return and there she is claiming the war has just started.
I cant wait to see season 2 when she resumes.
Their wahala!

Owaincouncil:
She will go again. In life, its not every fight you fight.
I'm not a fan of akpabio, but this woman should lie low.

Who told you and what makes you think we are in a democacy?

RealLordZeus:
Showing who's boss in a democracy setting is a definition of tyrant.

The only issue i have with Sen Natasha is her records of being a serial accuser.

Even in a court of law, merely looking at her records will made the judge reconsider

Which capital raise is VFD doing again or is it the rights issue they are currently raising that the meet over?

Make these guys take am easy and not be acting like one Ellahlakes major shareholder.

I dont understand. Earning per share is over N12.

Mfunkynation:
N1.2 wetin..
Jesus! Oooo

Congratulations to her but at what price? The price is huge. At 40, no husband and children.

I pray she gets married and that she has children too.

FCMB, Fidelity, Sterling banks have met the recaptilsation requirement for one of the categories outlined.

Islie:
https://leadership.ng/12-banks-clear-recapitalisation-hurdle-ahead-of-march-31-deadline/

The market is different today.

Low volumes and few greens and reds.

It is not just the SANs. All the so called activists are no better than the rest of us.

99% of Nigerians have the propensity to be as bad as those they criticize.

RISQUE:
Lots of these SANs na criminals. Some of them even got the SAN title through bribery. Look what a man like Ozekhome did? Isn't this shameful?

That is the flip side when you send your child oversees to study.

Many turn out something else.

The children of the rich are mainly affected. So sad.

fantastically corrupt society.

Its not just the political class. It is everyone

An equity raise is not necessary for insurance companies
When the CBN issued a new minimum capital requirement, the instructions were simple. Minimum paid-up share capital must be increased, and retained earnings are not allowed to translate into share capital. Hence, publicly listed banks had to raise capital from the equity market.

However, for insurance companies, it is a different ballgame. While the injection of fresh funds through private placements, rights issues, or offer for subscription is welcome, it is not the only means. According to draft guidelines seen by BusinessDay, NAICOM notes that for existing insurers, the minimum capital requirement can be satisfied with net assets minus own shares held by the company (treasury shares).
The regulator, however, streamlines what portion of the total assets is “admissible” in the estimation of net assets. These admissible assets are

Cash and bank balances
Tenored deposits with financial institutions
Government Bonds
Treasury Bills
Corporate Bonds (Quoted)
Commercial Papers
Quoted equities
Loans to policyholders
Loans to agents’ reinsurance assets
Premium receivables (certified as received by external auditors)
Investment properties (not more than 20 percent of MCR)
Statutory deposit
Since NIIRA was signed into law, no publicly listed insurer has announced plans for an equity raise to meet the MCR. A signal that many of these insurers may not go that route. Also, unlike the banks, all indications point to the fact that retained earnings can be translated into minimum capital requirements.

For new insurers, the minimum capital requirement will be restricted to highly liquid and secure instruments. These include cash and bank balances, term deposits with financial institutions, government bonds, and treasury bills.

They posted descent profit for the first two quarters of the year. All things being equal they will continue the momentum till years end.

They are also doing rights issue the proceeds which will be used to expand their business.

Im in for the medium and long term hopefully.

Redoil:
`what did yous see in that stock

Fact is they dont tell the whole story but only the part that sells. I wont even read it for free.

zendi:
He deserves to cash in big from the book.
It is a very good book from the excerpts I've read. It is likely highly motivational, and it's powerfully titled too.

Making It Big.

Femi is actually a good story teller. I posted here sometime ago his narration of how Tony drbbled him out of Transcorp. And in this book, from what I've read, he's talking of how he lost 200b and lived to tell the story. He's actually a serial business survivor, and this will make an interesting read

This one is no MH He's not dumping the book on people.
It's his creative property and income stream forever.

I just got into the VFD boat at N11. Medium term hopeful.

Please where did GTHoldings get the money? Will shareholders be credited with the rights issue?

chimex38:
yes. It says they have met capitalization.
about 7bn OS added.
Now 42bn+
Slightly above Zenith @41.1bn+

Royalex did not close green today.

Locotrader:
Today is another Friday just like last week which the market ended in green zone.

The market is now being captured by the activities of SWING TRADERS.When these set of traders are in the market,they create liquidity once or twice in a week to make stocks attractive for buying/selling.They have changed the Analogy of the market.Fridays has now become a greenish day instead of red.

Agba has missed his handle.It will take him sometime to recover it because he has failed to study the market instead he is chasing women.

Market ASI will be doing 140-143 this period till next earning season draws near.
The ASI will rise to 150 by year end and May rise to 200 if Dangote Reinery,fertilizer and some of the leading insurance companies in Nigeria list their shares at NGX before December.The rumour is there which will turn to news soon.

Today,Royalex will close in green zone.
It will end August at btw 2.20-2.25.Those who entered Royalex yesterday are winners for the week.Today is a recovery day for the week.

Swing traders have hijacked the market from the pessimists like Agba who want to drag the market below 140 for their new entry.

Go and learn how to swing trade.Market is not in a bear mode.Only those who understands the current mode will be making the money in the next 3-4 weeks. September is looking sweet for those who will interpret the current mode of the market.

Have a loving weekend ahead.

You dey mind them.

I live in an army estate in Abuja. You will hate the military observing the way and manner they manage thing especially money.

They assume we civilians in the estate are an extension of their garrison. No respect, no courtesy. They even threaten to withdraw house

allocations but civilians are showing them pepper.

It is so sad! Every new MD is looking for where to chop. The dont care about rendering service and security to residents but how they will milk

residents.

Image123:
Is that not the military that some are clamoring to take over? Some dreamers think Nigerians are saints and angels outside the APC.

This new bank is a welcome development.

More jobs and business opportunities.

In my part of the country, we bury the dead inside the house.

We live with our dead loved ones.

Many insurance stocks are on full bid. This market sef

Agbalowomeri:
Janet don carry more passengers

I dont think Royalex will come that low.

Trade volumes are low at the moment.

The speculators have taken their loots and are at the stands watching and waiting.

Locotrader:
Bottom Bottom Bottom

If you enter market today especially the insurance,nothing do you.

We said we are waiting for Royalex at 1.21.
Here we stand to actualize it.

The Chief Jijoist himself.

We wait and see how it goes today.

Locotrader:
Today is Friday.
Remember to buy the deepest.
The Egyptians you see today,you shall see no more.

Expect Loco to give us new expo, that is if he has not relocated to...?

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

At times like these, newbie like you should keep your money in an income generating account in your bank and watch.

Watch again so you dont get discouraged by the market trend. Its unpredictable.

henrolevra:
A newbie like me is confused on which stock to buy.