₦airaland Forum

emmaodet:
According to Bismarck Rewane, the economist he is predicitng Ngx ASI market cap to hit 260 trillion naira in 2026 from the current 93 trillion.
That is a 150% rise from the current ASI number.
He predicts a bull.

SonofElElyonRet:
Hmmmmm... Prayer mode activated. Hope they eventually meet their N250b target

Streetinvestor2:
After this they will do PP and Ri.
Then go for village fund raising and daily contributions. All the noise makers here refused to show solidarity like I did to chams
Na to come here make noise wen shishi no gum thr pockets
If they see 10 billion from true investing public I will give them pass mark.I don't mean who ever or group behind that farm that want to take over from back door. And they are not saying the truth .A farm whose cassava mill alone is valued more than kpakus

megawealth01:
Oando

OBAGADAFFI:
Your "right issue" will the traded on NGX, and you will be paid.

It is not good to ignore "RIGHTS ISSUES" you either BUY or SELL it.

deathwing:
Hi, I’m curious, why not buy it on the floor where it’s N20 cheaper?

emmanuelewumi:
You better sell your Presco shares

Martialfc80:
30 days more to endure VFD spam emails

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)

unite4real:
PRESCO DIV
I only received one tranche they tagged as Batch 2. The other one has not arrived.

ggoldmine:
Please, could you confirm the dividend amount per share? Mine doesn't add up.