₦airaland Forum

Make e dey rise dey go.

Make e fuel no finish like PZ o

Mpeace:
No one is noticing NAHCO and NASCON moving up gradually.

My bad. I isolated the reference to corporate entities.

Namaster:
It seems like you MISUNDERSTOOD that post.

I NEVER mentioned Turnover.
I was talking about the GAIN. Or more specifically, the Capital Gains.

Capital Gains Tax is taxed on the GAINS aspect. Not the Turnover.
My post took that into account.

And it's still FACTUALLY correct.

If an INDIVIDUAL makes Capital Gains of #200M, his tax liability (CGT) would be #47.93M.

If a (large) COMPANY makes Capital Gains of the SAME #200M, its tax liability (CGT) would be #60M. That is 30% (CIT rate) of #200M.

Under the Old Tax Laws, BOTH of them would have paid #20M, I.e a flat rate of 10%. Under the NTA 2025, they'd be charged to tax based on PIT and CIT rates.

You're confusing turnover and profit wrt Corporate entities.

₦200m turnover will definitely not translate to ₦60m tax...

Namaster:
One of the major goals of the NTA 2025 is to harmonise several taxes.

For the purposes of taxation, the NTA 2025 treats CGT EXACTLY like Income Tax.

So if an unemployed individual makes profits of #200M in Capital Gains on the NSE, he'll be taxed like someone who works a high-paying job and earns a salary of #200M.

First 800k would be taxed at 0%
Next #2.2M taxed at 15%
Next #9M taxed at 18%
Next #13M taxed at 21%
Next #25M taxed at 23%

Remaining #150M would be taxed at 25%

Instead of getting #20M, the government would get #47.93M from YOUR money.

That's MORE than a 100% increase in Tax Liability!

Yet Oyedele is out there CAMPAIGNING for the New Reforms and touting its "simplicity" as if people are happy to take simplicity in exchange for being FLEECED to death.

It's even WORSE for Corporate entities.

Instead of paying #20M based on the Old Laws, they'd pay #60M according to the NTA 2025. Or #50M if Tinubu eventually reduces CIT to 25%.

People will eventually RUN away from NGX.

It will still take about 1 month for the actual issuance of the bond(s) and I think it will be done in tranches (₦4tn no be beans)

Ginalex:
Finally!

Someone is quietly accumulating ARADEL

This is more appealing...

Na to go open company remain

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.

Ding

Edited

This is old news 😂

No go give people hypert**

faoogoke:
*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.

The aim of the 43 shareholders of Providus was to remain private by paying off Unity shareholders, thus that payout figure was made VERY attractive.

I might be wrong but we wait...

mikeapollo:
You have to consider the acquisition price paid by Providus Bank for Unity Bank share, which I read is around around N3.90 so I think the IPO price would be slightly higher.

Unity Bank Shares will be absorbed by Providus-Unity.
The ticker will be changed accordingly.
The new entity will be relisted as an IPO at a revalued price (est. btw ₦2:50-₦3:00)...

essentialone1:
At what price will Unity Bank most likely be relisted into the Stock Market?

Meanwhile, there is information that Providus Bank Plc is set to be listed into the Stock Market. How does this kind of situation play out exactly?

VFD

ARADEL. -1.59%
CONOIL. ±
ETERNA. +3.47%
OandO. -3.72%

If/When either of the debt burden + uncertainty about delisting is removed, it will fly unhindered...

Ginalex:
PZ full bid no dey ever exceed 1day

That's strange.

If you're trying to open a brokerage account with them, try: olufemio@morgancapitalgroup.com

newreality:
Thank you Sir.

All the emails address attached where where I sent mails to yesterday & I repeated same again this morning, up till now response.
I called the numbers, still no response.

I don't know why

CONTACT INFORMATION:

Research Department => Adedokun Adefemi - adefemia@morgancapitalgroup.com

Account Department => Yemisi Olatokun - yemisio@morgancapitalgroup.com

Information Technology Department => Adedamola Bello - adedamolab@morgancapitalgroup.com

+234 811 519 0550 | +234 811 519 0510

info@morgancapitalgroup.com

newreality:
I've been trying to contact MorganCapital since yesterday on through their Email address, I sent mails 3 times, no response & they are not even picking up their calls.

Can someone please help with an alternative means of contacting to get a response?

Thank you

I was already hoping for around ₦700 by Friday...

Oasisblue:
12.1 Billion Naira worth of Aradel stock bought at 590 Naira! I am beyond convinced that some investors are manipulating this stock to keep the price from appreciating, thereby chasing smaller investors like us out of the market. Now it's going to fall further today.

There is God o!

@megawealth01

Told ya PZ will hover around ₦40.

Ding!

Very likely

ositadima1:
So, we’re getting another 10% today, that’s all I’m after, lol.

Apt

Mpeace:
Please block me, I want to know how it feels. Dangote refinery is a Nigerian company not a Canadian company.

There's a high probability that this is the financial package ELLAH has in place because it will be Herculean to raise ₦250bn from the market in 3months.

Read more about Bayo Ogunlesi's GIP...

SonofElElyonRet:
How does this relate to Ellah? Ellah has said it's raising N250b already

Please use present continuous tense:

GTB is doing you dirty...

Agbalowomeri:
GTB did me dirty

ARADEL. -3.09%
CONOIL. ±
ETERNA. +1.21%
OandO. ±

We need more people to speak UP!

chimex38:
Shettima: He's an institution.

Dumping successfully completed

My recommendation: HOLD

iHaveMadeiT2:
Chai. See as guys take miss Elah bus because of analysis paralysis

Ding!

You don't seem to get the drift.

Directors of publicly listed companies are image makers of the company.
Their actions (especially financial) are seen as a reflection of the company...

pluto09:
Is the said property bought in the name/account of the bank or in his own personal account?

Exactly! 💯

Could it be Mr Ogbonna is trying to get back at AIG for overlooking him for the CEO role?

Bovis:
It’s a red flag for discerning investors

Top bankers are meant to be shrewd and conservative with money and not to be flaunting their wealth, reason why Jewish bankers are highly respected

Naija

The bolded is your stockbroking account number (not your bank account number).

Also, you only need to input the amount you want to withdraw in the space provided.

The funds will be credited to the bank account you filled when you opened that stockbroking account...

mygee2:
I've seen the withdraw request but I am only seeing an account number that I don't know or don't have access to and the drop down how can I add an account number let say A zenith bank or UBA there

You want the MM to erode my profits?

Prosper307:
The MM should better allow PRESCO come down. In the past weeks, there's been a lot more offers (1.3m) vs few bids (200K+)

Any word on the right issue? timeline and ratio?