₦airaland Forum

Agbalowomeri:
Ahh make he no experience am o
Anyway targeting 2% in stock market no make sense. It is working in a bull market but make he no carry that bad character enter bear market sha otherwise na eternal averaging down

The noise is already going down gradually.
The bear will undoubtedly bring some sanity.

That volume on access bank.
Who is selling and who is buying

emmanuelewumi:
You will miss opportunities if you are waiting for when the bull will resurface

He wants to run away when the bear has not even started.

https://nairametrics.com/2025/11/13/tax-nigeria-partners-with-over-100-countries-to-track-remote-workers-income-oyedele/

“The requirement under this new law is that everybody, whether you earn your money from Google or whether you earn it from XYZ Limited in the Bahamas, you have to declare your income yourself. If you fail to do it, the system will then gather intelligence, which is when the money hits your bank account.”

Oyedele acknowledged inconsistencies in the recently signed tax legislation, particularly regarding turnover thresholds.

“Section 147 of the Nigerian Tax Administration Act says N100 million. Section 202 of the Nigerian Tax Act says N50 million for turnover,” he noted. “The answer to your question is yes, it was an error.”

8

sophy17:
Please note that there is so much confusion emanating from the tax law itself and the guy Taiwo Oyedele. Besides, he has never been completely transparent and truthful regarding the tax law and its implications.

For clarity, your statement only applies to if the proceed of sale remains with your broker. It does not apply if you’re withdrawing after sales within the tax year. The tax is immediately triggered the moment you try to withdraw your sales proceeds once either of the threshold is met from 1st Jan, 2026 and it does not matter whether it happened within the first month of the year!.

He has repeatedly said they would work with the brokers, Ngx and CSCS and even our bank acs through our bankers to track/ monitor stock accounts transactions, and other credits and possibly debit tax or raise tax advice as the case may be, while also saying at different times that people will be expected to keep their own records and file their tax returns at year end. Recall the prostitute example he gave at a church event.

I am just happy that even though majority of the players in the market do not really understand the law, the few who does have and control huge stake in the market rejected it loudly through their massive dumping which sent a clear message and the resultant reaction from Wale Edun.

I don't think is correct to say that tax will be triggered once you withdraw your money. There is no way they will know what your profit is.
For an individual,the CGT is treated as PIT and is collected by state government. Some states with weak system for IGR collection might not even get to tax the CGT.

mikeapollo:
So selling and buying in the ''same year of assessment'' is the real deal now.
So if I sell on 31 December hoping to invest the proceeds in March, the govt will tax the proceeds of December. What happens when I want to reinvest the proceeds to buy another stock in March? Will govt refund?

You don't pay CGT each time you sell.
You wait for the year end and file your returns.

nosa2:
Dont you guys find this day trading matter stressful?

Life no suppose hard like that oh

lol.
Me I know be day trader o

nosa2:
He may not be wrong though I'm not selling

Sellers are still very much around.

Agbalowomeri:
Oando sef collect

Where is the prophet? Come and carry your kaya o

Na during bear we dey know who is who.
Everyone is a pro in a bull market.

emmanuelewumi:
Not necessary. That is ojoro

The market has not lost up to 20% and some want the market direction to be manipulated.

7

deathwing:
Aradel trading at 655

Waiting at below 600.
The lower the price the better

Agbalowomeri:
Lol for an act that has been passed into law? We joke a lot in Naija. The 25% rate is not bad IF people FEEL the impact of the government. I look around me, I can't even point to anything that I am benefitting from government aside good road network and that one sef na recent thing which also depends on where you live

I think what can be adjusted is the effective date. Instead of using the purchase price of stock,it could be decided to start from January 1 prices

mikeapollo:
Lol
Why always Oando?

https://proshare.co/articles/oando-plc-announces-closing-date-for-reverse-take-over-of-exile-resources?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates.

If you know any company on NSE tha has done the same you can also mention it.

KarlTom:
The Punch article aptly called it reverse acquisition...

Na for OandO people I first learn the term,reverse acquisition.
Maybe dey are learning from wale and his gangs

ositadima1:
Lol, not enough detail. Sugar is down by how many percent? Assuming the issue with DS is only inventory, we can actually estimate the impact of the drop in sugar prices. Let’s say it fell by 10%, we could discount the portion of cost of sales related to sugar inventory by 10% and see if it would have made a significant difference. Simply saying that history has taught us this or that is just wishful thinking.

The logic is simple.
The major cost input for DS is raw sugar.
When price of raw sugar rises, it takes time before the company is able to pass the cost to consumer by raising price of refined sugar. And when price of raw sugar falls,this most times does not reflect in price of refined sugar which translates to more profit for DS.
Raw sugar has lost close to half of its price yoy and it's still falling and I know that has not reflected in price for consumers.

ositadima1:
They’re not completely out yet. Look at their current nine-month cash flow, it’s negative, meaning they lost money overall, yet they still spent ₦24 billion on capital expenditure. If the remaining three months don’t turn things around, they’ll still end the year with losses. I think the stock will only start to take off when they begin generating real profits and adding value for shareholders.

In Q2, I valued them to move above ₦79 because they had around ₦50 billion in cash flow(all dried up), but I don’t think they’ll reach that level with the current weak results.

Good observation.
The q3 results was below my expectations, it was a deviation from the q2 trajectory.

Agbalowomeri:
I still think this your method doesn't work when you try to use number line. It does not apply common sense. I can't fathom how an expected FY EPS of less than N2 would be projected to any price more than N20. That is a PE of 10. At 80 it will be a PE of 40. That cannot make sense to me.

He is doing a good job though I also have my reservation with the way he uses the number line.
DS should do well next year considering the fact that the price of raw sugar is down in the international market, the support around $15 has just been broken. History has taught us that DS makes a lot of money when price of raw sugar is on a downward spiral.
The only negative I see with the company now is the finance costs,that needs to be brought down ASAP.

https://punchng.com/wimbiz-2025-formalise-your-business-to-enjoy-tax-reliefs-oyedele-tells-entrepreneurs/#google_vignette

“If somebody is roasting corn by the roadside, if somebody is a vulcaniser, if somebody is a carpenter — those guys are poor. It doesn’t matter how many customers they have in a day; you shouldn’t leave it to the government or the tax officer to decide whether they need to bring in tax or not.

“So, those guys — we’re planning to give them exemption stickers so they just live their life. That is how direct and practical it is,” he said.

Agbalowomeri:
The banks are already in a bear though

Not there yet but it is looking more and more likely .
One major index that has not recovered from the August sell off. Not looking good.

mikeapollo:
Really? You think the market is not bearish yet?

What we are having now is a pullback.
If we loose about 20% from the top,then we can begin to talk about bearish sessions
Will it turn to a bear market? I definitely don't know

mikeapollo:
Historically, your point is totally correct.
However, for the current situation the horizon does not look good for a recovery because of the CGT.

Recovery for a market that is yet to go bearish?

Fred2020:
Is it Donald Trump turning the NSE red, or is something else happening?

Some stocks have very low volume traded.

People need to be reminded that bull will not continue forever. The bull has been around for some times now that many now view any red as an aberration.
While nobody might say exactly when we will enter a bear market,we all must not forget that the stock market runs in a cycle.

Agbalowomeri:
Oga Pluto ACCESS don reach your junction o

Abi you wan wait for my own junction?

I no dey buy again

awesomeJ:
Reuters reports a 12.5 bps reduction in both yields vs Business Day.
8.625 and 9.125

https://www.thecable.ng/nigerias-2-2bn-eurobond-records-largest-ever-oversubscription/

In a statement on Wednesday, the debt office said the transaction attracted investors’ peak orderbook of over $13 billion, “marking the country’s largest-ever orderbook”.

Agbalowomeri:
Why I no go wan pay CGT if I see ACCESS @10, ZENITH @25, GTCO @35, NAHCO @40

😂

mikeapollo:
I can only sell based on my needs and strategic projections, for now. Every investor is not the same.
I cannot just sell off everything just because a clueless and gullible govt. has come to disrupt the market because they want to extort investors.

You don't want to sell before January and you don't want to pay CGT.
wish you well

ositadima1:
Are you saying you’re the only one who likes a good bargain or what? Before it even gets there, people will start buying. The only way it gets to that level is if there’s a serious problem with the bank or with Nigeria as a whole. Some stocks may fall, but the good ones will hold their ground.

Do you think you’re the only one with a bullion van waiting for price drops? Maybe your problem is anchoring, I’ve noticed you tend to anchor to old prices, probably because you’re used to them. But we’ve told you before that things have changed. One bottle of Hero beer is now ₦1,000, it’s not going back to ₦300. You can keep anchoring and waiting for it at ₦300 if you like.

Don't take all his words for what it is