₦airaland Forum

Shalom428:
With all modesty , I have multiple of that in my NGX and my money markets but that doesn't mean I will look that amount less. I don't live in Nigeria, I'm well travelled, so I can tell you for a fact that if you take care of your daily needs and you have 137K ( N200M ) saved , you are RICH by the world standard.

No be everybody wan be like Dangote. It's all about mindset . No be everybody wan build by 5 , 6 duplexes. Some people are very much okay with a bungalow, after all , house Na house. No be everyone wan buy Lamborghini , some people are okay with their Toyota. No be everybody wan buy super yacht and private jets.

No need for unnecessary pressure

Shalom428:
For the record I'm completely against Oyedele's stance on CGT as regards NGX , the market is just opening up , the policy is ill - timed , it will definitely kill the momentum and it has started happening.

The amount in question in 200M not 50M . And I will say it again and again, if you are debt free and you have 200M in good dividend paying companies on NGX , you are RICH by the world standard

Since you guys always dollarize everything... Answer the simple question; What percentage of people in the world have $137K , debt - free

Make a decent case with an answer to the above question.

EDGEof2MORO:
whats funny is that jews are killing christians in west bank. Pedophile jews destroyed the oldest christian village in west bank (jesus stayed in that village).

Whats even funnier, jews claim they are peaceful but hamas and islam are the problem. Then why attack christians? No hamas in west bank. No islam just jews being jews.

if nigerian christians even bothered to read their bible, something i doubt any of them even do, they will see that it was even the jews that killed their jesus christ. yet go through all the posts on nairaland supporting genocidal Israel and the fingers behind it belongs to a nigerian christian.

Toluway:
Are we not talking about 200m because naira value is seriously decimated?
I assume that someone with a hundred million and above surely have a house, a car for himself and another car for his wive.
If not, what is the essence of having all the millions in your account?

Shalom428:
N200M in any part of the world is a decent amount. With that amount, you are richer than 90% of the world populace.

200M in good dividend paying companies in NGX is RICH. We should stop the act of dollarizing everything. Nigerians settle their local obligations in Naira.

SarkinYarki:
The people that bought Oando shares 15 years ago have not recovered but yiu want to?

Buying Oando any time is bad news

BreakingNews21:
Looks like a good time for Oando to switch from importing to mining if they have the investment capital to do a feasibility study and then commence domestic operations.

Toluway:
Mikeapollo, be far na, how can you say that an investor with 200m portfolio is a struggling investor?
Even with my about 150m, which was only possible because I sold a piece of landed property, I consider myself rich. In fact, I'm a multi-millionaire.
If you feel that you're a struggling investor with 200m, when then are you going to enjoy your life? With my present portfolio, even the dividends alone is enough for me to live like a king.
I give the glory to God Almighty.

Payunsin:
With this current bear, which stocks are now underpriced to jump in.
I mean very good deals

GeeKudi:
I think the apprehension about the CGT is the fact that the new law becomes restrospectively effective from the date of inaugurating the NGX. That can only be described as cruel and could even be illegal.

KarlTom:
Ding

Prigidypogodo:
Everybody knows that GDP does not signify growth but HDI
but will yoruba agree ?

Potvalor:
Exactly, this explains the oversubcription. USA Federal bonds hovers around 4.0-4.5% yield, so a 9ja Eurobond of 8-9% yield is very attractive to both local and foreign investors. Which isn't necessarily a good thing for Nigeria in the long term with our rising debt servicing cost and static dollar revenue. So I don't get why we are the celebrating the oversubscription news.

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

Agbalowomeri:
Abi these people dey mad ni. Shey na our problem be this one?

KarlTom:
What year are they touting for the phase out?

That will let us know if they are serious or just following the trend...

leo1234:

peekspot:
https://punchng.com/16-year-old-nigerian-emerges-top-in-igcse-english/

Namaster:
Sounds like Tax Planning to me.

NTAA 2025 says you MUST disclose this.
And that the Tax Authority has the power to INVALIDATE such arrangements and tax you accordingly.

Even though Tax Planning and Tax Avoidance is LEGAL, the New Laws have a provision that OBLIGATES you to tell them how you are planning to avoid tax and essentially gives them the power to REJECT your tax planning and tax avoidance measures.

It's one of the most RIDICULOUS things I've ever read in my entire life.

Oyedele really COOKED with the New Laws.

awesomeJ:
Wouldn't this have been better to do while the laws were being drafted? I think stakeholders like the NGX management, CIS, and all these numerous shareholder associations didn't do enough.

While it might be harder to amend or repeal the CGT provisions in the current laws, It's a much easier possibility to fight for a suspension of its implementation, so if you know any platform where I can join such fight, please sign me up. Even if na to protest on a saturday morning

awesomeJ:
If you hold any stock with a low purchase price, you'd be better off rebasing the cost than just hoping on a suspension of CGT. rebasing will conly cost you 2-3% trading fees vs 15-23% in potential CGT.

pluto09:
You don't want to sell before January and you don't want to pay CGT.
wish you well

pluto09:
The CGT will not affect everyone.
Someone like Agba has sold all, waiting to reenter the market at at his own convenience.
You also can sell and follow him to escape paying heavily for CGT.

Agbalowomeri:
Na only the rich like una go cry

Agbalowomeri:
Lol e don fall from 25k to 15k

Agbalowomeri:
Lol if it doesn't reach my junction I no dey enter
You are however free to create your own happiness

Agbalowomeri:
Make una dey calm down o

The red you see yesterday na Fanta

Atarodo red ♥️ is coming