₦airaland Forum

ositadima1:
Can you leverage the NGX as a developing market and use compound interest to solve money problems down the line?

emmanuelewumi:
How can they have capital gain tax on turnover?

Yoursfaithful:
Wahala no dey finish for this country..

How remote workers, diasporans, others will be taxed – Oyedele - Businessday NG https://share.google/mr4xQb3KZX1jdN4vU

mikeapollo:
So what happens if I have more than 1 TIN?
Don't tell me it is not possible

mikeapollo:
Exactly!
So after selling the shares, how would govt distinguish or identify reinvestment from withdrawal? …
Will govt connect their IT systems to monitor when the investor reinvests (buys other shares) either through the same broker, or through the same CHN number, or when the broker transfers the proceeds of shares sold to investor's bank account?
What happens if the investor uses or transfers his shares to a different trading CHN account, different broker etc

ositadima1:
No, it is stated clearly in the Nigerian Tax Act, 2025.

Streetinvestor2:
The only way this failed government will see CGT from me is if they take from me at source

This is my question. If the chinko guys decided to buy us out as per wapco. Which tax will be applicable on our payment. Is it WHT or CGT so I won't fall maga to this government
My money will never part of the money they are planning to loot before 2027 to be kicked out

ositadima1:
The tax law seems to provide a loophole specifically for stocks. If you reinvest your earnings within the same tax year, you don’t pay tax on those earnings for that year — tax is only applied to the portion you withdraw without reinvesting.

Sounds almost like money laundering, lol.

KarlTom:
Ding

ositadima1:
You’re all missing something—at least that’s how I see it, and I may be wrong. Tax is per individual and progressive (by this I mean the various brackets with their cumulative percentages) ….

This is because tax is applied per individual, not based on the specific source of income.

emmanuelewumi:
They repatrated for 25 years , while other were increasing their capacities

emmanuelewumi:
In that 25 years they were bigger than CCNN, what stopped them from maintaining the lead

Whereas CCNN got a new core investor 16 years ago and then rebranded to BUA cement and now bigger than Lafarge.

Hope you remember the financial mistake made by Lafarge when they bought a business in South Africa which created a debt of about N100 billion

Agbalowomeri:
They need to beat in the risk too. If I make a 100m, dem go collect 25. If I lose 50m, I should be able to write it into future tax otherwise it doesn't make sense

PETERiCHY:
DING since 10.01 am

1hour later no COMMENT

What BEAR cannot do does not EXIST ,

yMcy56:
He/she is just doing guess work.

DelilahMakinde:
9.9 and 9.4 is in the vicinity.

When I say 10% I'm talking approximately

Day trading at 9-10% is just as profitable as extended holding

DelilahMakinde:
Today's 10%


Etranzact

Custodian

Panadee:
Dey play

DelilahMakinde:
Today's 10%


Etranzact

Custodian

Sunrisepebble:
What have we been buying ?

DelilahMakinde:
Today's 10%

Fidson Healthcare

Streetinvestor2:
What yr can kpakus hit 14 billion revenue...no answer
Are u a learner.
Did top up on sugar and oando today...small afolabi units
I for like pick extra units on chams right but don't want case of return of capital after waiting.

IYGEAL:
No vex o