₦airaland Forum

awesomeJ:
Well, the fact is when you're mature, you get less aggressive.

Some of us are still young, our portfolios are young too, so we can't exactly copy you.

A lot of banks will gladly fix your N15bn at 27%, so I can see why you won't buy 8% dividend yield in a hurry.

emmaodet:
What is 503?

sterlingD:
UNIVERSAL INSURAANCE

https://doclib.ngxgroup.com/Financial_NewsDocs/44934_UNIVERSAL_INSURANCE_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_SEPTEMBER_2025.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/44935_UNIVERSAL_INSURANCE_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_SEPTEMBER_2025.pdf

MrSamsung:
Well it's such a wild dream

chimex38:
“That the certificate of incorporation of Providus Bank Limited shall be the certificate of
incorporation of the Enlarged Bank.”

1) New name will be Providus bank
2)if shareholders don't want to join the new bank, they pay them off @ ₦3.18
3) or transfer their shares @ 18 new Providus shares for every 17 old Unity bank Shares.

Agbalowomeri:
Few assets with big motor

Do you know who I am?

Bizibi:
shebi you remember that sugar in the 90's,I never saw an advert on that product.

Mpeace:
It the same result they posted last week they reposted.

Melcapital:
This comment is premium! Even if you mean something else.

People with bullion vans of Naira notes will still claim the title of billionaire. With the way the word billionaire is being thrown around, you'd think billionaire status is all that there is to achieve in life.

Make una no block me a third time o, I love peace.

jonnysessy:
I guess so, but the Chinko claimed the price the acquired were far less than the current price. Investors are dumping the shares afraid they might pay less. But, I am holding onto my Wapco to see how it would end.

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

faoogoke:
Royalex did not close green today.

mikeapollo:
@Ositadima and everybody in the house: please confirm this for me before I go crazy:
If one should sell shares and make a profit (chargeable gain) of N200m, you pay tax of N47.9m to govt. going by the new tax law?

mikeapollo:
How many countries in the ''worldwide''? Because I am not sure this is done in West African states

crownprince2017:
Are shareholders not supposed to be the owners of the business?
Logically, taxing the same profit in the hands of investor looks likes double taxation.

You can tax my business profit and still tax me for pulling it out. Abi there is regulation that the profit must remain in the business?

Forget the names, look at it fundamentally.

ositadima1:
Did you just take the part that suited you and leave out the rest of section B? Maybe you’re right, maybe not…

B. On Capital Gains from Shares
• Threshold Exemption: No tax if BOTH apply in a 12-month period:
o Total sale proceeds < ₦150m, AND
o Chargeable gains < ₦10m.

• Reinvestment Rule: Reinvesting sale proceeds (within the same tax year) into Nigerian shares reduces taxable gain. Only the non-reinvested portion is taxable.

• Deduct Costs: Always deduct brokerage fees and other disposal-related expenses.

ositadima1:
if your stock sales exceed N150,000,000 but you reinvest all the proceeds within the same tax year, you will generally not pay any capital gains tax on those gains, according to the Nigeria Tax Act, 2025.

mikeapollo:
We go remove the ''veil'' and see the human beings behind the companies....
Eeyan lo wa ni di oro t' oro fi s'oro (it is a human being speaking behind the voice of a masquerade)

awesomeJ:
Yes.
The reinvest clause they added is the sweet spot.

As long as I'm only selling GTCO to buy buacement then to Berger paints.

Which is largely what I do, I'm good 😊

mikeapollo:
Okay. I get the dividends side.
I am only concerned with the tax on gains. What happens when I sell and incur losses; any concessions or credits from govt for losses?
I think this could make people sell their huge gains (and cash out) in December, then wait and see how the tax operates in 2026 before they re-enter the market.

What about reinvestment in the fixed income market i.e. selling shares and using proceeds to buy bonds or T bills? Will that be considered in lieu of reinvestment in the NGX?

awesomeJ:
It indeed is.
You tax the profit of a company I co-own, then when a portion of that after tax profit is given to me, you tax it again

SonofElElyonRet:
Let's see if I'm spot on with this