₦airaland Forum

yariman:
Is it a good time to sell ARADEL since it has exceeded my target price?

You are considering selling your stock, for reasons best known to you, if it exceeds your target price.
We have no idea of the reasons, so ...

unite4real:
how is this possible when the highest limit for the day is N869.

No one can place a trade of N900 today. not possible

Na for Nigerian Spiritual Exchange im see dat one

SonofElElyonRet:
Just be careful how you keep attributing your Oando prophecies to God.. be sure it's God.. "woe unto him that saith 'thus saith the Lord' when the Lord has not spoken"

Wetin my eye see na ‘thus saith the Spirit’. Holy no dey in front of Spirit.
I don’t think there’s any attribution to the ‘god’ of NGX.
It could even mean thus saith my spirit after having some spirit 😂

zendi:
Acute narcissism, complicated by grandiose delusion.

SohSoh/SpaceX, your duality of double monikers are on duty this morning, logging off from one moniker and logging onto the other:

Doing your own praise-singing, chest-beating, self-promotion, self-magnification.

It must feel great to impersonate a billionaire.

They just keep on spamming the thread with long posts.

KarlTom:
We have heard you loud and clear.

When you are done, please REST!

No rest for the … 🙃

IYGEAL:
Zenith received.

Already?!

DING!!!

Mpeace:
Access will pay N1. A promise is a promise.

A promise is a debt.
A debt can be paid whenever the entity feels like, or may not even be paid at all

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

My brother, the math is not mathing.

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

From the link below:

On capital gains, Oyedele said if what an individual sells at the capital market in a year is not more than N150 million and the gain is not more than N10 million, no tax will be paid, stressing that the new rules were intentionally designed to be progressive in all manners.

“The current system of capital gains will charge you at 10 percent. Those gains are isolated regardless of your losses. Under the new regime, we net off first, so gains less losses. When you end up with a net gain, we then have a conversation about whether you should pay tax. If those gains still make you a low-income earner, you will not pay anything – zero percent,” he said.

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

Almost everything is possible in Naija
but this one go hard ooo!

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

The TIN will sort that out

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

Okay

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

The two both of them

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.

I believe the CGT is based on profit or loss from your entire portfolio (hence linking TIN to your brokerage account) and not individual stocks, over a consecutive 12-month period.
So, this method may not be feasible but it’s worth the try with impatient funds

KarlTom:
Ding

Welcome back. Now I can go on leave 😂

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.

And that is the summary of it all.

These taxes have always been applicable at other rates before this new law, just that it was not really enforced. Also, many people rarely comply due to low tax morale for obvious reasons.

DING!!!

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

Their installed cement production capacity (and even SP) not along ago reflected their stunted growth compared to the others.

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

In summary, they did not repatriate money to France for 60 years but they did not do well compared to their peers/juniors

DING!!!

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

Sounds great and could work as a kind of tax rebate.

PETERiCHY:
DING since 10.01 am

1hour later no COMMENT

What BEAR cannot do does not EXIST ,

Bear with Mr Market's bulls##t!

DING!!!

DING!!!

Oga Karl. Hope you're good.

DING!!!

DING!!!

yMcy56:
He/she is just doing guess work.

Exactly, a clock without battery is always right at least twice a day

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

The day highs are circled green and e no even reach 1%.
If you can’t trade enough numbers for your ~ 10% to reflect that, then e no work