₦airaland Forum

eyesoflagos:
https://eyesoflagos.com/governor-zulum-gifts-house-to-anambra-nurse-who-served-in-borno-for-over-20-years/

This is commendable. But he should have made it a 3 or 4 bedroom flat.
A 2 bedroom flat would be too small to accommodate her whole family

tunde1200:
Why are Christian in Nigeria obsessed about Palestine and Israel genocides.

They fail to understand that Israel no send them and not even regards Christianity.

I think Nigerian Christians know what they need to know.
They know that Israelis do not burn down churches or kill Christians.
They know the people that burn down churches and behead Christians because of their faith.

emmanuelewumi:
I hope you have positioned to harness the upcoming opportunities in the financial market

It would be hard when govt wants to hijack about 25% of the reward I get for taking risks with my hard earned money.

GeneralDae:
Foreign investors might be on their way back to the stock market due to FX reforms:

“Last year, Nigeria got kicked out of the Frontier Market club because foreign investors couldn’t take their money out.
Translation: “Una economy no get door.” 😭

Now, FTSE Russell just added Nigeria to the watch list for a comeback”

Source: Cowrywise

When will these lies about ''reforms'' stop?
Only a clueless govt hides behind ''reforms'' without corresponding positive impact on the wellbeing of the people.
Who wakes up in the morning and eats or drinks ''reforms''?

A purposeful govt should talk about how it has improved the wellbeing and lives of the people in concrete, verifiable terms and not about ''reforms'' which is a vague word without any meaningful substance and is used to cover up failure.

RodgersAkpafu:
Nigerians are gonna learn a very bitter lesson from next year

All these "i dont care bout systemic rot" because I am gaining kobo kobo here and there and I can eat rice and chicken and drive motor therefore im living fine will be slapped out of their faces

Their pockets are about to get raided big time, they will pay by the barrel of the "gun" and they will see the govt squander the proceeds

That is ''government robbery''

AbuAeesha:
i believe "those original inhabitants" chosed peace instead. A kind of "let the lying dog sleep"
rather than killing children & women just to claim land.
same land that will definitely consume all of us doesn't worth the life of a single being irrespective of your faith.

If you have land that God Himself specially blessed with a covenant and gave to your forefathers, you would not be saying this. You think Mecca is special to the Saudis for nothing?
Same way Jerusalem is more special to Israelis and Jews

yorosstores:
Source https://punchng.com/senate-approves-bill-seeking-10-year-passport-ban-for-nigerians-convicted-abroad/

What if they change their names and other particulars when they arrive Nigeria and they go to nearby countries to process their way to other foreign countries?
Do we have very good systems to prevent these things from happening?

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 a 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.

People must be mad to give N47m to a govt. out of N200m gain.
This govt thinks we have saw dust in our brains?
Imagine the reckless audacity to even propose and pass such law! And that Taiwo Oyedele is still going round promoting this law?

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.

I was even thinking that the first threshold of N150m would be exempted, than the excess would be taxed

Itzlinda:
They won't sir. My hope is that this will tickle people conscience to fight corruption.

If they tax you 25% of your ngx profit, you won't find it funny when you hear say one government official steals 1b because you know it's your money

It may still not make any difference in this country. Fighting corruption has more to do with respect for rule of law, judicial processes and system, citizen's level of education, awareness, poverty levels, unity of purpose, social security and empowerment etc.
One still cannot do jack if a governor or govt official embezzles money so far the current systems remain the same, even if one pays 30% tax or CGT.

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.

The CGT does not make sense, irrespective of this explanation by Taiwo Oyedele.
For example, what about unemployed/unengaged persons who make profits of say N200m-N1billion in the NGX? What CGT rate would be applied to them?
Again how would activity in the capital market be deepened if high net-worth individuals (who provide most of the liquidity) are made to pay CGT of about 25%

KarlTom:
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...

You seem to know a lot about Providus Bank.
Going by what you said, then the IPO price should carry some premium above the acquisition price e.g. N5 per share

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.

Is this current news? Source?

AbuAeesha:
.
Going by your claim of original inhabitants of a land.
If most aboriginals decide to claim their ancestral lands today most people will be displaced,
Australia,Spain,ur Almighty USA...even you too might not be saved....

Let common sense prevail in your answer not TERRORISTS & double standard brain..

Let those original inhabitants rise up and claim their land wherever they may be.
We cannot use your analogy to justify why Jews should be denied their ancestry and historical ties to the land of Israel

Hoaxen:
There is a conspiracy to erase Jewish history and ties to the land of Israel.

Exactly!
And the conspiracy and propaganda is being fueled with heavy petrodollar, politics, religion, biased media, radicalism/terrorism and sheer cowardice of those who know the actual truth but choose to keep quiet because of fear or need to be politically correct.
For instance, it beats my mind that anybody in the world would want to divide Jerusalem and deny the Jews access to some parts of the holy city, in order to please some Arabs.

KarlTom:
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)...

You have to consider the acquisition price paid by Providus Bank for Unity Bank share, which I read is around around N3.18 so I think the IPO price would be slightly higher.

PETERiCHY:
President Bola Tinubu has approved a N4tn bond to clear verified debts owed to power generation companies and gas suppliers as part of efforts to stabilise Nigeria’s electricity market and restore confidence in the sector.

The Minister of Power, Adebayo Adelabu, made the disclosure in Abuja at the Expert Forum on ‘Uninterrupted Power: The Industrial Imperative’ organised by the Nigeria Economic Summit Group, where he outlined ongoing reforms under the Federal Government’s Renewed Hope Agenda to make the power sector sustainable and commercially viable.

According to him, the bond approval forms part of a broader financial stabilisation plan designed to address legacy liabilities that have hindered investment and liquidity across the electricity value chain.

“To stabilise the market, Mr President has approved a N4tn bond to clear verified GenCo and gas supply debts. Alongside this, a targeted subsidy framework is being developed to protect vulnerable households and ensure a sustainable path toward full commercialisation and a viable industry.”


https://punchng.com/tinubu-approves-n4tn-bond-to-clear-gencos-debts-power-minister/


TRANCORPIANS FASTEN YOUR SEATBELTS!!!

The same govt is borrowing N1.8tr and $2.3b external loans to support the 2025 budget, even after floating and devaluing the naira/$ exchange rate and removing subsidy on fuel.
These are the same people who blame the Buhari govt for borrowing to support the budget, even though he did not devalue the naira and did not remove subsidy on fuel.

ogododo:
https://dailytrust.com/breaking-tinubu-seeks-fresh-2-35bn-external-loan-500m-sovereign-sukuk/

Borrowing to finance the budget after removing fuel subsidy and floating the naira!
Yet they blame Buhari for borrowing even though he did not remove fuel subsidy

Namaster:
Great one from DANGOTE!

However, he NEEDS Filling Stations for both GAS and Petrol that'll sell DIRECTLY to final consumers.

Otherwise, this INCREDIBLE savings he keeps giving every month will NEVER make it to end users.

The MIDDLEMEN from Hell will keep pocketing the difference.
And Nigerians will keep looking in FUTILITY for the impacts of the much touted Dangote Refinery.

He will definitely go into distribution his own with filling stations and cut off the middlemen.
From what he said the last time, he seems to be thinking about getting his own filling stations to distribute/sell his refinery products directly to end users

Bovis:
Gold trading at record highs, Gbola would soon gbe body

Elo fokan bale, Awa lokan!

I guess you are part of the ''Aso Rock crew''

Dijita:
Are you saying a student graduated from university in 1985 and this is all the proof you can monster. No picture in graduating gown with some of his class members.

Graduating gown is meaningless and not a proof that one graduated. Anybody can borrow a graduating gown, wear it tans photographs to decieve people
The document he showed is more important/helpful than a graduating gown.

SonofElElyonRet:
Chams at N4:23
No longer have shares there but proud of them.. Japaul, make me proud!

Are you still ''Deapcapped'' or ''Deapcapping''?

ogawisdom:
25% is too much 15% should have been max though 99% of retail investors won't be affected. We still need the market movers around ie high networth individuals and institutional investors that will be affected.

This is what would destroy the NGX if care is not taken because of someone's reckless appetite for extorting money from citizens.
Everything has been moving on fine in the NGX. Until someone became president.

There is a saying in Yoruba that (paraphrasing) if a family (or community) is living in peace, love, harmony etc. it is because the troublesome ones (or outcasts) are yet to grow and become adults or leaders.

MrGerald:
Why do you people always like using Ghana derogatorily? Have you been to Ghana? Or you think counties keep remaining stagnant like yours. I was in Ghana and I enjoyed health insurance with my family that I never had in my country despite I'm not a Ghanaian, things are done sanely in Ghana than Nigeria and also they are ranked higher in almost every positive indices.

God bless you, my brother.
Don't mind those loud, yet very ignorant Nigerians who just talk anyhow thinking that Nigeria is the only country in Africa.
Even currently, there are negotiations ongoing between Nigeria and Ghana whereby Nigeria would supply gas to Ghana, and Ghana would use it to generate electricity and supply to Nigeria through the West Africa electricity pool.

immortalcrown:
Emilakan!

"Presidency is not a bricklaying job. It doesn't require physical strength. What is needed is his brain. He can build the nation the way he built Lagos."

But I don't believe that Nigeria is number one in the ranking. I don't believe that standard of living is higher in Ghana and some other African countries.

Is Ghana and other African countries your problem?
Start your comparison from access to electricity, potable water, security, rule of law, quality of education etc.

megawealth01:
If ARADEL is that price some people think that OANDO wont sell above 100. I just dey laugh sha

Waiting for Oando to hit N100 so I can check something!
The CGT madness by this govt is my only worry

CoronaVirusPro:
Because it is a fake state!

The whole land mass is Palestine and Caucasians stole the Jewish identity and falsified a language to claim ownership.

It’s well detailed in the books of history how Palestinians welcomed the Caucasians after facing persecution in Europe, and look at what’s happening today, Pig skins claiming to be Jews.

https://substack.com/@ayubahmad/note/c-162905418?r=9fzcd&utm_medium=ios&utm_source=notes-share-action

Very silly post. The Jews mentioned in the Koran where are they from? Are they also from Europe? The Jewish lady that poisoned your prophet was she from Europe too?
To me, it is even very good that the Jews were scattered and they migrated to Europe. Their migration to Europe is what made them to acquire superior knowledge, capacity and technology to deal with and defeat the irrational and hateful Arabs that surround and want to destroy them out of hate and jealousy due to Gods blessings pronounced over the land of Israel and its prophets

CoronaVirusPro:
Sorry!

That kind of humiliation really hurts. Talking to people that matters and they all worked out.

Do you know the interpretation of that? It’s like a swine walking into the room

You think Netanyahu gives a damn Bleep about the countries that walked out? Anyway, most of the countries are members of the Organization of Islamic Countries (OIC) and Israel does not give a shit about them

tunde1200:
Israelis hate you more than the hamaz because you're a Christian.
Did you know that?

Keep on deceiving yourself .
Bethlehem was 80% christian when Israel was administering Judea and Samaria (West Bank).
But is it now less than 20% christian under the control of Palestinian Authority.

okoloto:
Hamas knows that all of them will be eliminated and Palestine will seize to exist as that what's isreal wants if they form hard man.
Isreal wants to end the aggression once and for all and ready to sacrifice the captives to achieve that.
Hamas is smart.

Israel will still eliminate all of them one by one even after the ceasefire. This war has shown to Israel that they only thing they need to do the terrorists is to crudh them totally. The next phase is for Mossad to target and eliminate the terrorists anywhere they are globally