₦airaland Forum

Interesting!
A guy that I follow (Steve; Crytocrew University) in the crypto space predicted the similar; 2026 (+/-) might present the best buy opportunities again.

By the way, thanks for than wonderful piece from you. Quite easy to understand. I would love chats in weakly as did for the first stock or so

BullBearMkt:
I recently came across this attached 150-year-old chart created by a farmer named Samuel Benner in 1875. How relevant is this chart, particularly to the Nigerian Stock Market? That’s the first question I asked myself. Looking at the recent yearly data of the NGX ASI, it appears to be quite relevant. We are now moving towards "B," the good times, which are projected to end by 2026 - three years after 2023.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Yes! Don't mind me

Not working at all or some functions are restricted?

Anyway, the App should work. But it takes some time to get the account finished and approved for trading.

You can send them an email to know what is wrong.

GeeKudi:
Guess you mean NASD?
I downloaded the App but it's not working.

Good day all,

Any NADS trading stock recommendation? Just got my account opened

On FBNQUEST App

Please who else is having problems with FBNQUEST? For a couple of weeks now, I have unable to login to the App. It kept saying a technical error has occurred, try again later.

How do I resolve this?

If the exchange rate stays fixed at N900 to a dollar, I doubt the 500 naira petrol price. This is because, I don't know anywhere in the world where a litter of petrol is sold for less than a dollar, without one form of subsidy or the other. At N900 -1000/1$, N500 per litter ~=25 cent per litter. That can not be, except there is subsidy or something that we don't know. To me, we need an exchange rate of around N500 to a dollar, and a lower crude price before we can realistically have N500 petrol price.

BabsO2:
At current exchange rate and oil prices, petrol cannot sell for N500. If oil prices go down to $30s then N500 is possible if the exchange rate stays fixed. If exchange rate also improves to N900/$ then even at current oil prices N500 will petrol be.

Then, what also make you think the 2026 would be different?

Lilianmustwin:
not a typo, nobody received IL in 2024 so what makes you 2025 will be different?

megawealth01:
You are asking someone living abroad, " How was your night", stop it biko, people in abroad don't sleep, we work.

This is just "a wish". May never happen.
How will it;
-When a state like Ekiti is destroying Cocoa plantations to build airport that will never contribute one naira to GDP (at least for the next 60 years).
-Many Cocoa plantations have also turned to estates/residence/factory.
-Cocoa is becoming more difficult to plant because of ever decreasing soil quality, limited access to good seedlings, lack of proper research and development.
- Low incentive or support for farmers. How many Cocoa farmers gets fertiliser; ompared to groundnut farmers?
-etc

They are saying that because of the exponential increase in price of Cocoa bean, which becomes more obvious because of devaluation. Cocoa price did not double at international market as it did in Naira.
Cocoa is more difficult than palms, they should know that.

megawealth01:
Cocoa production in Nigeria projected to rise by 10% over high prices

https://nairametrics.com/2024/11/01/cocoa-production-in-nigeria-projected-to-rise-by-10-over-high-prices-report/

I hope it won't be that; "while men slept, ..." 🤔

megawealth01:
By midnight hopefully

Happy birthday Street...., and happy married life Market...

What are the picks for the week o 👀

And also keep building debt

Agbalowomeri:
But foreign reserve is foreign reserve. Obligations no join for the matter. Even the US is in a large negative. Let them keep building the foreign reserve. At least, it is a positive in one direction

But this is not the case Stanbic IBTC Stockbrokers Limited. You have to provide utility bill that bears your name. I am technically stuck with them because of that. Unfortunately, I can't even sell my holdings or withdraw. After opening the account it was dormant in less than two months, without notice.
They are now telling me that I should provide a Stanbic bank account, etc.
I still don't have their time yet; I don't have much there. My old certificate that I want to demat are also with them for close to three months now. They kept pushing me here and there.

Harvestock01:
Nigeria is different from the "abroad" where the utility bills have to be on your name as a PoA. In Nigeria, the utility bills need to only reflect the address you have provided in your contact details.

Get the utility bill from the address and send to your broker. That shouldn't be a difficult thing to do. Please don't give up, you are closer to the finishing line than you think.

A worst case scenario is to sell your entire stockholding with this broker and move on without looking back.

I tell you.

More so, backlog, and/ or IL issued at a particular post (embassy) is more important than the bulletin at this moment

chuksozy:
I think it's best to just forget about this bulletin and be engrossed in something else, and before you know it, dates will become current. The only thing is, let's hope our candidate wins.

But this is already more than the 3% you say they collect in UK. Add all taxes that could be applicable to house sale/buy, you will see.
From valuation, to agreement, deeds, etc.

What do they mean by capital and capital increase in item 14?

phadriz:
Saying that shareholders are not paying tax is not totally correct, stamp duty is form of tax on an asset which is chargeable on shares. Is the rate okay? NO, this is because we have lazy tax administrators.

Even in the UK stamp duty on purchase of house if you're not a first time buyer is 3%.

Attached is the rate of stamp duty in Nieria

That last part no dey work.
You think den send us?

By the way, that is not absolutely true. Because they don't have natural resources like us. That is why most countries in Europe depends heavily on taxes. What have we done with the money realised from our resources. Or, if I may twist your words, does it mean that undevelopment correlate negatively with natural resources?

Even the taxes in Nigeria is not that low. It is just that 90% of them are for few people that I don't know. Do you know how much they realise from stamp duty and VAT on bank transactions alone?
The day I watched an honourable on Brekete Family radio making some revelation (which I belive are close to the truth, from my permutations), I was chocked. They invited the almighty Emefiele then to come and explain, he refused, till today

GeeKudi:
There is an actual correlation between our levelof development and the volume of tax collected by govrnment. This is also true for Germany, for instance.
There is a lot if inefficiency in the system that needs to be addressed. If the current set says they have identified those issues and want to tackle them, I think the least we can do is to give them the chance and soro s'oke when they don't deliver.

I hear; until I see it.
They may only manage to duplicate it further.

Those comparing us with the western world, I hope you are also paying for the security of your money in banks?

You will keep money in bank and still pay for the security of your money in the name of cyber security fee/tax. Yet, you will still pay VAT and stamp duty. Plus uncountable bank charges. GT will tell you that you can not transfer more than 5m per day (your own money o), even current account can only do 10m, and they will will collect 10k from that for the sake of maintenance.

You will keep money with banks, and you will be the one to pay for Maintenance, ATM, SMS, Commision, Security, and government will collect, VAT, Stamp duty and Cyber security fee.

In Germany, for example, for those comparing everything. You only pay one bank charge/fee/tax per month (I mean traditional banking, not online). And if you are receiving salary on that account, you don't pay anything at all. Also, if you are a student and below 30 years, you don't pay, and other exemptions. On top that, you will sit down in your house and your ATC card will coke and meet you. Why cant we copy that?

GeeKudi:
I guess they seek to address all these with the new approach and tax laws. The tax man, Oloyede or so, has been talking about these concerns. I have listened to him a couple of times.

Our leaders will go to the western world, they will enjoy the train, good road, uninterrupted electricity, security, health, etc, but the only thing they will copy and bring back home is tax and how they will collect the little you have to buy garri.

They will not copy the train network in Europe. They will not copy the low inflation, they will not copy the multi level policing, they will not copy unemployment benefits, they will not copy low unemployment rate, they will not copy low government spending on politicians, etc

All that concern them is to get more money to spend as they like

Here, it is asking for too much.

Why?

Because, if by tomorrow, I lose all my investments and and become incapacitated, no government will look my side. Unlike those you are comparing us with (the western world). No social structure/benefit here.

More so, my problem is making things complex. Simplify the tax system of Nigeria, and don't make it complex. And that is part of the problems with crypto. Today you say you ban it, tomorrow you warn banks against it, next you are asking for tax etc.

emmanuelewumi:
Paying 10% on 80% profit made in less than a year is not asking for too much

They should simply synchronise all these and make life easy. 10% tax, xx% VAT, ××% sms, xx% notification, xx% stamp duty, etc only gives room for corruption.

Only two or maximum of three deductions should be allowed; commission (for the broker/company), tax to government. Simple!

ositadima1:
Is VAT on commission not a tax? Capital gains realized from selling stocks are subject to a flat 10% tax paid to the FIRS. So, have you been remitting the 10% capital gains tax to the FIRS? Please don't tell me you are a criminal.

Even stamp duty is a form of tax.

Why I didn't comment is that, probably they are trying to synchronise all these taxes. Which developed country is collecting multiple/duplicate taxes like these?

Agbalowomeri:
VAT is tax na

Could you elaborate on the actual trend?
Is it after the announcement, settlement, payment....? And how close to expect a change (drop in this case).
I know nothing is absolute, just an idea is needed.

akpumpy:
Please note and know that......After a stock dividend, the share price typically drops by the amount of the dividend paid to reflect the fact that new shareholders are not entitled to that payment.

That I don't know.
Another question; is the Leki free trade zone a Federal Goverment, State Goverment or Local Government related? Who collect taxes on refineries and resulting products?......
This country no pure jor.
And if it is actually free trade zone, why must he buy the land?...

Agbalowomeri:
Is Dangote Refinery liable to local tax? Is it not operating in a free trade zone?

If Alhaji Aliko Dangote run his companies the way some Nigerians want him to run it, all the companies will collapse in less than three years. People always forget that he technically does not own these companies 100%. He is responsible for whatever happens to investors money.

Instead of us to owe our wicked government accountable, we shout Dangote here and there. I am sure many clueless people will blame him to today's hike in pump price now. No business gets free money, only government does.

Whenever the government mention that they generated xxxx in xxxx month, people should endeavour to ask how much Dangote's subsidiaries/companies paid out of that amount.

Government technically want the prices of his products to be high, so that he can make more profits and pay more taxes in return.

We should probably find out/calculate how much tax is paid on a bag of cement. I am not sure he enjoys any tax relief from his new refinery also.

As someone mentioned above, and I have said it several on another platforms, either naira for crude or whatever we call it, DR is not getting crude for free nor is government giving DR at discounted price. Then, what magic do we expect DR to perform? We should just pray and hope (as usual) that the crises in middle east end soon. Otherwise, I wonder what we are going to say and how we will live, if crude price get to 100 dollars, and above.

Probably, the storm is almost over. I was thinking it could get slightly below 10 or on the dot, but I am not sure it would.

Sunrisepebble:
What are you seeing in Transcorp

Daily chart seems not too helpful in NGX. Hardly will one get anything from daily charts in NGX
Weekly chart is far better for TA.
I am still trying to figure out what works here though. By the way, Oando also seems to be following structure. Though underlying structures sometimes also is "news".
Let's see where SEPLAT close this week; that will either signal a reversal or continued upward trend.

Anyway, I just highligh convincing trend in the attached weekly charts. Now I see it works

Thank you very much for your response. I appreciate.

It is better to ask because I am technically stucked with stambic. That God I didn't have much there, and that God I have Morgan Capital.

OakPearl:
You can use Atlass Portfolios Ltd.
They have the same online trading platform as Morgan Capital.
Their founder is actually a co-founder of Morgan Capital and perhaps that’s why their user interface is similar.

Both Morgan Capital and Atlass Portfolios can open a NASD account for you via email instruction to that effect.

Please, which broker is recommended for NASD?

I also need recommendation for another good NGX broker, like MorganCapital. I need the one with live trading features.

Thank you.

Please, I need help.
How can I move my stock/holdings from one brother to another? And how easy is it?
Stanbic is screwing-up with me on address verification for a long time now. I need to move my holdings to morgan

The experienced will answer.

This is one of the reasons I am not doing dollar fund. Most banks does allow inter-bank transfers. That is a problem, and the charges are much. They basically treat it as if one is transferring offshore.

Anyway, you will still have a little left, since your principal (10k) is not too small.

You should also ask the fund manager if the charges for transfer (back to you) will not be billed on you when liquidating your investment. I don't know that.

leks4sure:
Hello everyone!

I wanted to transfer 10k dolls from my access bank account to Stanbic dollar fund account but the teller guy told me they will charge me USD93 extra for the transfer. I had to put it on hold.

I intend to invest this amount for 6 months to sort japa plans next year but I don't if it's worth investing it in Stanbic dollar funds or just keep it in my account till then.

Please house, how do I fund the Stanbic dollar mutual fund without paying thay exorbitant charges? Or any other advice?

Nawa o. That is true o. My own sef is almost one year already; how time flies. Maybe because I am not current yet, na why I no know say e don almost reach one year (10 months)

Aku660:
What is DQ of one year? Mine is almost 2 years.

I couldn't decode this please 😢 🙏

Streetinvestor2:
Thr is a stick thr if you see it at #4.You are sure of 50%(#6) when thr results come out.And another for #1 plus for 100% when year results come out 2025

In the absence of UBA, what should we look out for ?

ProphetUtuocha:
🤑🤑🤑🤑🤑