₦airaland Forum

currentprice:
Vitaform is one of d underrated stock on Nse. it will soon shake d mkt. watch out!

this stock was pointed out here below 4. slow and steady will surely get it to d destination.

Didn't go too low during corona



I will sharpen a spear in wait for it........

Bjrokenhear003:
Should I sell my dangote and invest in access or glaxo as dangote is reducing

As u trade please remember that commission......
I always budget 4.5%[buy + sell]

Learn what makes a stock overpriced or underpriced too

@ below 200 Dangote is yet to be overpriced baring any announcement in the future.....


Why don't u just wait it out

Mcy56:
Lol. Well done sir.
I hope you know my response wasn't negative too.

BTW, Stanbic doing 48 now... .......50 is close.....

wema......................... I too sabi their pattern

Every day FUGAZ is for our OGAS @ the top with deep pockets

I don pocket my small change

Mcy56:
Above quoted posted on. Oct 31.
GTB, Zenith, Wapco, livestock, fidelity, fcmb joined the list.
Even though not a guru but my watchlist stocks still making us proud.
Transcorp will soon join.

Traanscorp remains a kalo kalo stock

I lost hope in it

Mcy56:
Above quoted posted on. Oct 31.
GTB, Zenith, Wapco, livestock, fidelity, fcmb joined the list.
Even though not a guru but my watchlist stocks still making us proud.

Thank you my dear......... We are making money before this year runs out

Eterna is another good one ...........

NSEMPA........una do well o

I have a feeling that fidelity has been reprised and has never gone below #1.70

A stock I bought for 0.81k and sold for #2+

I've been patiently wait for it to go below #1.15


But looks like I would wait much longer

Notable personalities are kind of shying away from contributing to the thread in recent times....

The truth is even in all the bashings that must have gone down in the past, this thread predicted stocks that made people fantastic profits..........

Let me list a few....

1) Zenith during any period of Crises
2.) Access-diamond
3.) May and baker
4.)Dangflour to olam
5.)Tigerbrands to dang flour
6.) Oandos men in black

Both fundamentalist and technicians......... I miss the contributions From our good men here


If you have got access to them please beg them to come back

Silverpurple:
I see to understand shares better with guys here.. buy solid companies when people is panicking and sell them when everybody is feeling greedy...

Thanks to this forum of smart people....I was able to buy as much I could when it felt like the world was going to end in April/May.

Now here is my question, what should be my signal for selling. I can sense rising price and greed in the market now.

Please help a friend...thank you.

The best you can make through dividend income is about 20% if you entered at too good a price, remember that this is yearly income so if you are currently sitting on say 60%, you can sell and in the space of 3 years time, a wicked bear can ravage the system for you to renter

Transcorp strategically releases good news during bull season

nna777:
Sorry for diggressing. My research on the African continent as it relates to the current American election.

The Big Picture.

Some people don't put reasoning before emotions. It's only people who have done their research will agree with what you are saying. I am neither Dem nor Republic.

O bam a was strategically placed by the De ep S ta te to use his skin colour to infiltrate and stop the rise of A fri can independence from the We st left by Gad af fi (Read about the prosperous Li b ya St ate under Gad a f fi). Although he led for 4 decade, He through Li b ya's unique premium light crude oil created one of the best African country under his regime.

His plan to re-establish the gold dinar amongst other reforms for African countries triggered the De ep St a te to act fast because if Gad a ff i succeeded, the Dollar reserve in the world was going to deplete drastically as Ch in a and Ru s sia had already reduced it from 90% to 60% and it will challenge the US stand as a Super Power to say the least. Have you ever thought why most African nations are under debt burden from IMF, the West and Europe?

Currently Li b ya is a breeding ground for slave trade, drug and arms trafficking and terrorist groups run by the C I A under O ba ma and Hill ary watch. The plan was to bring in Hill ary to continue the work but Tr ump ( I know he has some character issues) came on the scene and backtracked their plan for 4yrs. That's what why since Tru mp came to power, from the Russian hoax to the Ukrainian issue to the attempted impeachment and on and on all in a bid to ouster him. They needed to get him out by all means.

The last straw was the man made biological weapon (covid 19) carefully scripted I must say because they knew he was going to win again. They needed to bring in a distraction (covid 19) that would activate their plan and it worked.

Watch out for the next four years and see for yourselves what happens ( amongst others, there would be a miraculous breakthrough in the covid vaccine which will make Bi den a Messiah to the world but in the real sense placed there to advance the De ep Sta te agenda.

You probably read papers and watched videos......



I can bet u got no empirical evidence in your research, u never met with gadaffi or his family members, u never spoke with a cia official


You never spoke with drug lords on drug trafficking and i can say without doubt that you never met with any central banker

....................

The mind is a very beautiful processing organ given to us by the almighty , be care what information you let in

handsomebolanle:
It will fly...

US is the largest consumer of Oil... Biden is not much in agreement with fracking ... More sales to US and CHINA pending a lasting and economical viablility to green energy...

Thats good news to Nigeria

IS THERE ANY ONE HERE who in recent past subscibed to tbills @ this rediculous rate..............



please share your reasons fo4 subscibing

DigitalMallam:
No institutional investors will be happy to invest for less than 1% roi when inflation about to hit 14%, and devaluation lurking around the corner.
The only class of investors still doing TB are the PFA, and its strictly due to act Pencom act that clearly fobid/prevent them from investing in some class of investment. FG specifically gave them class and percentage of their fund they can invest in these set of investments. Plus the fact that PFA just sit down in their office and billions comes in monthly. Arm twisted by the law, they just do minimum % allowable on TB.
If you look at the trend they have reduced their TB investment from 1.9trillion to 1trillion since the rate started going south.
If the pencom act did not change, FG will be happy to keep TB rates at sub 1%

Day light robbery with the law, see how workers are robbed, after paying your tax(paye), the government has dipped their fingers into people's retirement savings through the pension funds act, at this rate of inflation the government is spending the current value of ur retirement sweat to give you worthless naira in the future,


Meanwhile infrastructure is still at snail speed development

ahiboilandgas:
really....how much is the toll gate generating? ....13m daily that around 40k dollars daily x30 1.2m dollars per month x12 =14.4m dollars per anum ....so 14m dollars can covert lekki to dubai? Only the metro is in billions of dollars

ok o

If the Money generated at Lekki Toll gate is truelly spent on the development of Lekki,,,Flooding would be a thing of the past there and Lekki should be competing with Dubai now

If All the Owo Foundation, Owo roofing collected yearly is truely accounted for and enters into Government coffers, why should the central government be crying about poor tax

In this rural community where i stay, An ultra modern farm wants to expand and lay coal-tar on the access road leading to the main road, a distance of about 1km............................... The owner had to pay the local Baale(chief) #8million cash............


If such money had been tagged development fees and genuinely paid into Government coffers................. Do you know how long It would go to alleviate the problems of the masses

There is a practice currently going on in nigerian cities................... People are made to give up as much as 6-8 months salary................. The fact that nobody is saying it does not mean it is not happening especially people from low income bracket.........



Imagine such money genuinely entering Government quarters

ultron12345:
Lol... Some people here are really doubting this fact that nigerians pay little to no tax.

Funny how they always jump when oyinbo says 90% of Nigerians are living in poverty, but when they say our taxation rate is one of the lowest in the world, they start doubting. People will only believe what they want to hear sha.

Anyone honest person who has lived abroad will tell you Nigerians don't pay tax. Whatever tax you think you're paying here is nothing compared to other countries, even our African neighbours. I have done trading in Nigeria and in some of our neighboring ecowas countries, and I can tell you that what you'll pay as tax plus union fees in Nigeria is just about one-third of what you'll pay as only tax in other countries, before you'll start adding union fees. Among the ecowas countries I've done business in, Chad seems to be the charge the least taxes yet it's still more expensive than what Nigeria charges. Ghana is the most expensive. No wonder they have tax to GDP at over 20%.

Even the tax sef, let's take the tiny percentage of Nigerians that pay it. What is the tax rare? Is it not about 6 abi 7% for a start. By the time you deduct all the allowances and rest deductibles, the effective rate will be 1 or 2%. Abi is it not in this country where I've seen civil servant payslips where tax will be N300.

Same thing reflects in our VAT. From 5%, it went up to 7.5%. Nigerians were complaining even when it's still among the least in the world and even amongst our neighbors. Cameroon is 19.25%. Niger is 19%. Benin, Chad, Togo are 18%.

Someone was even up there saying almost everyone both in the formal and informal sector currently contributes to NHIS. Seems many people on this thread don't actually live in Nigeria.

Well sha, saying something is expensive is relative. Based on our experience, we feel fuel of N160 is expensive, even when it is about N400 in countries like Niger and Ghana, both with lower minimum wages than Nigeria.

My definition of tax is when an authority(the Government) takes away part of my income for the well-being of the collective(society)................. I definitely would be a fool if I doubt your statistics............................................

SamReinvented:
I’ve not seen anyone in Nigeria who pays up to 50% of their income as tax. Yes... like half of your income. Sounds ridiculous? Well, that’s how much some people pay on just their income in developed countries. You’d rarely find anyone whose TOTAL tax makes up to 10% of what they earn in Nigeria.

Sorry, but Nigerians are heavily undertaxed. And it shows in our balance sheets, even when we compare our total revenues to other African countries, despite oil still shoring it up significantly. Without oil receipts, Nigeria would not even be able to survive. There’s basically no tax revenue. First, there’s the low tax base, and the very few people captured in the tax net pay very low percentages.

I would be a fool to doubt the theories of taxation and economics but things dont really look the same from the ivory tower as on the field, one reason African researchers are taken for granted is that the never go to the fields, citing figures that come to Buhari and Emefelie table does not give the true picture of the situation on ground

The average tax collector knows how to collect his tax even down to the worker that has no BVN........ They have developed their methods though un-conventional............

If only you can phanthom the humongous amount that should enter state coffers going into individual pockets........


Anyway I give up and would just reason along with you guys but I know reality is otherwise

RayRay06677:
Yankee is not heaven

Europe needs this people to do a lot of menial tasks...............If one has ever ran a production facility you would quickly notice the amount of low skilled works needed to be accomplished daily is much and with Europes over-educated population, many europeans are not ready to do this jobs........... for example we know machines need lubrication but no qualified technician or engineer wants to be employed greasing machines all day............................... enter this sort of people you see in the picture......

One thing with we Nigerians is that we crunch Numbers easily cos we know the theory but no one ask if the Data being generated to crunch this numbers are precise and accurate, I agree with a lot of what people are saying here.........................but on the issue of Tax, the data all of us here are quoting and using for our analysis is flawed and not accurate,,,,,,,,,Tax revenue collected is grossly under reported for various reasons, you need to visit the offices of our local state and federal governments around to understand this................................... Using the local government i stay in for example, I can never trust the data generated from there.................... The amount plifered daily is humongous from field before it gets to chair-man and auditors table............... The amount of conniving going on is crazy............................................


Good economics cannot survive Corruption

Sounds like some people enjoy paying taxes in Nigeria..........As for me I don't and look for all means to evade it, for the sole reason that it would be embezzled by who knows whom

jedisco:
What I'm pointing out is that every country looks for suitable means to tax citizens. A method used in country A may not be successful in country B.

Case in point is tax paid for bank transfers. Not many countries tax people for that but it has proven to be effective in Nigeria because of our largely informal sector. Also, in some countries, you pay TV tax if you stream or watch live TV, you pay extra tax for non-electric vehicles, you pay sugar tax on fizzy drinks e.t.c. All these are not done in Nigeria but have worked elsewhere.

Like I said, you may not agree with it, but what other suggestions do you have?
How many people in the informal sector pay for NHIS? What is bad if 1-5 naira is deducted out of every 100 naira recharge for health?

Most developed countries tax rate averages between 20-45% of taxable income for most citizens. That is aside VAT paid when purchases are made and added tax in other areas. That comes with its benefits too that we don't get

I believe this summarises my thought, WHAT i may add is that Revenue Generation from taxes in Nigeria is grossly under reported


in fact all forms of revenue Generation in the country is grossly under reported,

Nigsrdumb:
Informal economies are low output economies.

Build factories, train iya seki selling robo , collect her taxes through her employer.

The entire economy is not working at optimal levels anyway.

Can the taxes being collected pay for critical sector's?

If the answer is no then a new way of thinking must emerge.

I'm not too versed in the right economic diction to use but I can tell you that any Nigerian that is adding value into the system is heavily taxed....... Taxes were originally meant for the well being of the whole but only a few just siphon the cash off and keep spreading this mantra that Nigerians dont pay taxes

Nigsrdumb:
Tell them.

Imagine depending on the private sector to fund critical sector's in a country with 200 million.


The best thing this government can do is to build factories in partnership with the private sector.

Factories to gulp up unemployment and make the economy more formal so that more jobs can be created and tax base expanded.

It's a win win situation.


Factories yeah.

It can be done with the current level of taxes Nigerians are paying

Go to Dubai, London , Paris and see properties Nigerian Public Office holders are acquiring

Look at MC Oluomo and tell me he is not feeding fat on taxes that should have repaired roads and build factories

Look at Atiku and tell me He would be this great If he had never been NPA camptroller General, Tinubu Nko..................thats for another day

So tomorrow Tinubu or Fashola will stand on National TV now and tell me Nigerians pay little taxes and you sef believe

Many people here quote developed economies but the harsh reality in Nigeria is that the bulk of Nigeria runs an informal economy

This Economy is not Legible to KPMG and Deloitte in their AC room with accounting software.......

Trillions is exchanged everyday in our economy and this money is extremely taxed.........

There is no level of wealth someone has in Nigeria that the Government has not found a way extracting tax from the citizens....what baffles me is the amount usually reported as being collected as tax revenue

There is a very thin line between Taxation and extortion........................... I happen to have witnessed the birth and growth of a local market in the village..................... This local Government Chairmen, councellors, honorables and OBAs generate a lot of revenue from a very humble market from space allocation, store allocation, and vehicles that deliver food stuffs and Goods........even the water provided in this market cant be acccessed by store owners, you pay for this water........yet the market can best be descibed as a Cesspit

The local government never see it fit to take the market to the next level........ All what they are looking for is for you to bring in a new idea, make money and they come for their own cut with all manner of new levies

Most people that talk about taxes on forum are not incident to major taxes.............. You cant make money in Nigeria without the Government rearing its head to collect taxes............

The Government just has to improve its accountability to the people

If you happen to run a medium scale manufacturing facility and Government does not disturb you with all manners of levies and Taxes, Please tell me let me join you there

If you know the amount of businesses that have folded up because of taxation................

jedisco:
In virtually every country you pay tax at the point of purchasing good and services. That tax is used by the government in funding critical infrastructure including health.

Every country has a means of ensuring tax compliance for most citizens. In Nigeria where we have little a huge part of the economy is informal and we have little or no rounded means of documentation that incorporates taxes, alot of people go untaxed. There is a reason why the government insisted on taxing bank transactions. It's simply because of the coverage.

If you don't agree, can you suggest a way we can ensure a good number of Nigerians can be taxed a token to fund health? A way that roughly taxes people based on their income.

If you say NHIS, I'd say it can be a base, but it covers too little percentage of taxable Nigerians. It has been proven in most populous nations that healthcare is best funded collectively. Everyone taxable has to contribute


We should understand that Nigeria is a rapidly growing country of over 200 million people. If we want to get good quality healthcare available to all, then the funding has to come from somewhere. Study any country with good health statistics and see what amount and percentage of their budget is spent on health.

That said, I also opine we have to curb corruption and wastage in the system and ensure accountability. When people knowingly pay for a service, they expect something in return

I have never trusted Nigerian Data on Taxes............................. I am of the opinion that the Government should transform all Uniformed men into tax collectors................ The average Nigerian is already over taxed. Where are all this revenue going to : alphabeta and their cohort........

Any body saying Nigerians dont pay taxes and Government are not collecting enough taxes is a stranger and not living in Nigeria

ultron12345:
Exactly. Even the chinese system seems to have solved this problem and we are seeing the results today.

One can't believe it isn't right for just any random person to decide who pilots a plane, but believe it's right for just any random person to decide who pilots the affairs of society.

President should emerge based on performance and not mere popularity. Leaders should be able to plan for Te next generation and not just the next election.

We can try an adaptation of the Chinese system.

Let everyone interested write exams testing general knowledge, economics, administration, science, business etc . Only the top 5% should be admitted into the civil service. We don't want stupid people who believe the president of Nigeria can increase global oil prices or make $1 equal to N1.

[b]Those that succeed in entering the civil service will then be given streets or small sections of people to administer. After a given period of time, performance is evaluated based on crime rate, socioeconomic indices, economic growth etc. Those that fail are kicked out and those that pass will be sent to administer villages. After a period of time, performance is evaluated again, based on economic growth and all sorts of socioeconomic factors. Those who fail get kicked out and those who pass move on. From village, to ward, to local government, to another local government, to senatorial district, to another senatorial district, and another senatorial district, then to state, to another state, and another state, then geopolitical zones, to another geopolitical zone, to another geopolitical zones. All these while, only those who pass the strictest and toughest evaluations of performance move on while those that fail are kicked out. Then to the Senate and then to a 20-man executive committee and then to a 7-man presidential committee. [/b]

Tell me how you won't get good leaders like this. You'll get good, exceptional and experienced leaders. Not people who will come in and use first tenure to make all sorts of silly mistakes with the excuse that "we are new to the job"


The presidential committee made up of the 7 best of best who have scaled through decades of the toughest and strictest performance evaluations, with decades of experience, who will have managed total populations and economies larger than many countries, will make decisions together. From here, a leader is selected who will work with the remainng 6 committee members.

The country should be run like a company, based on merit. We all know not just anyone can run a $1B company but we still think just any random person can run a $500B economy like Nigeria. Just as a CEO has to rise through the ranks from the bottom to top based on performance, so too should local government chairman, governor's, presidents etc

Oga this system is dead on arrival in Nigeria, Next Common entrance examination of your kids to secondary schools...... go there and witness the legendary level of malpractice that is going on................Go to WAEC, JAMB, NECO,A-LEVEL, POST JAMB, GRADUATE AND POST GRADUATE and witness extra legendary levels of malpractice and someone is suggesting Nigerians Write exams to obtain positions of service

Kill this idea it wont work

ahiboilandgas:
the money is not the companies income buy u get less 10 percent of the value of call time the the funds transfered to your E heath accounts attached to your bvn and phone number....so when u are sick u only submit your phone number and tump print to see a doctor...

This scheme being described is equivalent to something like Pension Earnings Contribution already in place in Nigeria...........

If you really take a look at it, Its just another means of siphoning money from the organised working class

Most of this schemes that we see that has worked in the west, when introduced into Nigeria turns into something else, I can give xamples of the Pension earnings contribution and Soverign wealth funds


These schemes has never benefitted the Nigerian Masses