₦airaland Forum

Dear Valued Client,

On 27 October 2014, the then Coordinating Minister for the Economy and Honourable Minister of Finance, Mrs. Okonjo Iweala, granted Value Added Tax (VAT) Exemption of Commissions on Stock Exchange Transactions Order (Order) in accordance with the Gazette issued earlier on 30 July 2014. (See, Official Gazette of the Federal Republic of Nigeria: No. 95, Vol. 101). The Order which became effective on 25 July 2014 is valid for a period of five (5) years, and thus the exemption granted in the Order is set to expire on 24 July 2019.

To that extent, this is to notify you that all Dealing Members of The Nigerian Stock Exchange, including Lead Securities and Investment Limited, in compliance with the VAT Act 2007 as amended, shall resume the deduction of VAT on the following commission earned on your capital market transactions, barring any further extensions from the Federal Government:

a. Commission earned by Dealing Member (Lead Securities & Investment Ltd.) on traded values of shares;
b. Commission earned by The Nigerian Stock Exchange (NSE) and
c. Commission earned by Central Securities Clearing System Plc. (CSCS).

Thank you for choosing Lead Securities and Investment Limited.

Should you require further clarification, do not hesitate to contact us via: customerservice@leadcapitalng.com or call: +234-7037356894



Thank you.

Some individuals and companies have more than 10 New Amphibious Excavator no Noise.

Yet our Governor is Launching One New Amphibious Excavator with fanfare .

AIRTEL on full-offer

Dumping season.

Organs:
Not true, he stood his ground and told her clearly that she cannot threaten or intimidate him, he is educated unlike you.

I don't like Sen Remi Tinubu attitude, she is trying to blackmail him and Force him to bend over.

The Senator is right, it is Sub judice to talk about this issue in the press.

deomelo:
I guess rejecting RUGA will transform your life.

What other options and programs have your own useless governors came up with to transform your life? Nothing.

The joke is on you.

Yes, come to Ogun , Oyo and feed your eyes on what real lifestock business is all about.

Not your RUGA nonsense.

I know bigots like you assume everyone is Igbo.

deomelo:
I laugh out loud when the RUGA rejecting governors shout and wail that they won't give up their land for RUGA..

NEWSFLASH.....Your land is already donated because the herders and grazers are already herding and grazing on your land free of charge and you can not do anything about it.

The FG is asking you to tap into a multi billion naira jobs and animal husbandry program to create jobs and make serious money off the same grazing that they are already doing on your land for free.

They graze on your land for free, they sell the cows back to you, make billions from the cows you slaughter and eat everyday, they return the money back to their states while you end up with nothing.

The smart leaders and state will adopt either RUGA or NLTP and end up with multi billion naira livestock industry with animal clinics, abattoir, meant and meat product processing and packaging plant, animal tannery and export facilities.

Multi billion, that can't transform their lives.

The potbelled man belongs to the canal.

He is so confident .

The supreme Court left substance and focused on technical issue.

It's not the appellant fault the a Judge didn't perform his duty.

The lady is his superior.

Even if he can beat her up, he won't try this to his superior in the Force.

chiedu7:
This nation is teetering onto disintegration




Not just SW but whole South put together!

They know how to set the SE & SW against eash other well.


They only notice these when it's PDP

They forgot people are watching.

Even though many in the South-West do not regard them as authentic Afenifere, President Muhammadu Buhari welcomed the Reuben Fasoranti faction of the Yoruba sociocultural group to the presidential villa, Abuja, Tuesday, last week with open arms.

So who are the authentic Afenifere?

APC divide and conquer rule in the SW will backfire one day.

Thank goodness OYO woke-up on time.

https://nairametrics.com/2019/07/04/sec-introduces-flexible-timelines-new-costs-for-transmission-of-shares/

The Securities and Exchange Commission (SEC) has reduced the time, processes and the costs of the transmission of shares from a deceased to the beneficiary.

chillykelly86:
Their minimum brokerage commission is #50. So, that will be rendered as a percentage of the value of transaction if your brokerage commission is less than that value.

To confirm, check your trades of #10,000 and above.

Yes it is 0.7500%

Thanks

chillykelly86:
Please who else uses LeadTrader and noticed a reduction in their Brokerage Commission?

Let me check

Brokerage Commission - 7.3529%

Dear Esteemed Client,

This is to notify you that Airtel Africa Plc, the second largest telecommunication company in Africa, recently announced the offer of its global Initial Public Offer (IPO). The offer is expected to be a dual listing on the floor of the London Stock Exchange (LSE) and the Nigerian Stock Exchange (NSE).

Hence, the offer is open to both Global and Local investors. The company is currently accepting bids for the offer of ordinary shares worth $780.0mn (or N270.0bn), via a book building exercise in Nigeria. For the Nigerian leg of the IPO, the offer price is expected to be between N363 and N454/share which will be followed with a secondary market listing on The Nigerian Stock Exchange (NSE).

According to the prospectus, the interested individual in the Nigerian offer will be deemed to have represented and agreed that it is either a ‘High Net Worth Investor (HNI)’ or a ‘Qualified Institutional Investor (QII)’ as such terms are defined in Rule 321 of the Nigerian SEC Rules. Kindly click here to view the prospectus or visit https://airtel.africa/investors to view other related documents on The Offer.

United Capital Securities is floating an SPV for this offer with a minimum subscription of 500 shares. Interested investors are expected to fund United Capital Securities UBA bank account number 1015793860 with a minimum of N227,000.00 (i.e. 500 * N454.00 - being the upper band of the share price range). Any excess amount will be left in clients' in-house account in the event that the clearing price is lower than N454.00.

Interested investors are advised to indicate their interest ahead of the listing and commencement of unconditional dealings on the NSE by sending an email to securities@unitedcapitalplcgroup.com on or before 4:00pm on tomorrow, 27th June 2019.

Expected timetable of principal events for the Nigerian Offer

Event Date
Announcement of the offer price, offer size, the publication of the pricing statement and allocation of ordinary shares 28-Jun-19
Allotment of new ordinary shares to the shareholders 29-Jun-19
Crediting of ordinary shares to accounts 3-Jul-19
Nigerian listing and start of unconditional dealings on the NSE 4-Jul-19
According to our Research team preliminary valuation, based on peer multiples in the emerging and frontier markets, suggest that the price range of 80 -100 pence/share (N363-N454) is fair as shown in the table below.
However, kindly note that this is an indicative price subject to the outcome of the ‘’Book Building’’ exercise by the company.

Quick Valuation US$ (000) £ Sterling* Naira**
2019 EBITDA
1,323,000.0
B) Peer Avg. EV/EBITDA 6.8x
Enterprise Value (A*B)
8,997,706.6
Net Debt
(4,005,000.0)
Equity Value (C-D)
4,992,706.6
Outs shares
3,690,510.8
Fair Price/Share (E/F)
$1.4 £ 0.9 N487.0
*£/$=1.27, **N/$= 360

It's written on the wall.

Xisnin:
Even at that, he is still a coward.
What pains me most is that a lot of ignoramus thinks he is a strong man because he
blows hot on Twitter.

No doubt, Trump is stubborn.

But you must understand he is first a businessman, this man got lots of business in the meddle- East.

MrBrownJay1:
Iran has the support of Russia, and they easily called his bluff...

Trump is just protecting his interest here.

The normal Trump we know will have taken actions against IRAN, irrespective of Russia.

Any action against IRAN will drive-up oil and energy prices. That will affect Trump business and Second term ambition.

Xisnin:

Trump is the most cowardly American president ever.
I don't deny that he is fighting a war against illegal immigrant and their kids
but when it comes to real opponents, he always chickens out while issuing
empty threats on Twitter.

Trump is protecting his business.

Mpeace:
What have we done to NSE that they will not allow this stock get to 20 make I do 100%. Wicked nse

Profit takers

I will hold it another round of Bid is around the corner.

enemyofprogress:
It is as if the wife too is blind

I noticed that.

Beautiful and modest bride

From experience I don't accept fund transfer for payments, because after failure the dude will be reversed to the owner.

For the assault the driver is wrong.

Why do some women easily fall prey to false prophets.