₦airaland Forum

awesomeJ:
Oya put poll na 😁

Let's know how many people here are bearish, and how many are bullish.

You are taking Agba too seriously.

Ovamboland:
Revenue generation is a big problem in Nigeria

African nation budgets 2026
South Africa - $150bn
Algeria - $126bn
Egypt - $91bn
Morocco - $83bn
Kenya - $33bn
Ghana - $31b
Nigeria - $40bn

Its insane to even think Nigeria does not have a revenue problem
South Africa can put Nigeria entire$40bn in public education or power projects alone and still have almost 3 times our total budget to invest in other sectors. And someone suggest we should remain at $40bn to outcompete these African countries in the quest for human development and industrial investment attraction? Are we joking here?

And we don't even generate the $40b as we barely raise half of the money as revenue in a year.

Redoil:
replace ucap with Vfd

Why should he replace ucap with vfd?

aj8:
Front row seat. What's on the street? Kindly share. Any signs of the trawlers/fishing exports to US? If they pull this off, with their target of positioning within the top 50 on NGX, their rise would be phenomenal. The company ‘s forecast at their last NGX presentation is attached. I got in at 2.30/2.33 👬🍟. I am not certain if Tanterlizerca is within the group but if it is, may suggest even better days ahead. The possibility of franchising globally was equally touched at the presentation.

What is the probability of meeting this forecast?
Actual revenue is just a little above 2b for 9 months this year as against the forecast figure prorated to about 12b.

Stockpromoter:
Kindly note that StockPromoter is a new handle for Locotrader. The previous account was deactivated due to security concerns.
Unfortunately, my Yahoo email was also compromised after responding to emails from forum members on Nairaland. As a result, both the handle and email have now been changed for security reasons.
Going forward, all Nigeria Stock Market Pick Alerts and updates will be shared strictly on this forum only. I will no longer accept or respond to private emails from forum members.
Thank you for your understanding and continued support.
Wishing everyone a profitable trading year ahead.

From trader to promoter, I hail o

https://punchng.com/no-automatic-bank-deductions-under-new-tax-laws-oyedele/

Oyedele dismissed claims that the government would monitor or debit individual bank accounts, stressing that taxpayers would only be required to declare their income at the end of the tax year.

“People think that the government will debit their bank accounts from next year, and how they even came up with that, I have no idea. Nobody will debit your account for any amount you transfer. Whether it’s a billion or one thousand naira, at the end of the year, you tell the government yourself,” he said.

awesomeJ:
You seem not to understand the peculiarity of profits from disposal of shares.

What you're stating is straightforward for regular profits. Those arising from disposal of shares are handled differently.

Ok sir.

awesomeJ:
What's your basis for this correction?

As far as I'm concerned you're just assuming.

What the tax man has said is that once you reinvest, your cost basis becomes the new N100m, you thinking it'll be aggregate of all you purchased is an assumption.

Cos no where in the tax laws is aggregate cost meantioned.

You're fabricating it out of imagination.

Please bring facts to disprove this, so we can all learn.

As it is, you're just countering with your own interpretation, not really what the law says.

Aggregate cost is something that doesn't exist anywhere in the law.

Your tax is an annual event.
You will declare what you invest and what is your profit at the end of the year.
Then tax will be calculated based on your annual profit.

eziokwunwoko:
(Bloomberg) -- Maurel & Prom agrees to sell entire 20.07% stake in Seplat Energy Plc to Heirs Energies, according to statement.
Sale price is 305 pence/share, for total amount of $496 million, with initial payment of $248 million and balance payable within 30 days
Additional contingent consideration of $10 million may become payable, subject to share price performance over the next six months
NOTE: Seplat shares closed Tuesday at 256.5p in London

Money everywhere.
How can we benefit from this?

hopeful95:
'Wisdom is profitable to direct'

PIT goes to your state govt not the FG...lol!

The necessary amendments & tweaks will be made to the tax laws when the shortcomings & lapses inherent become obvious once it is operational.

There is no perfect law anywhere in the world, that is why the nation's constitution itself is amended to match the realities of now.

I believe we all want our country to better - regardless of the politics of who occupies the mantle of leadership. I believe that should be a bare minimum for a decent citizen.

The intent of the laws are quite clear: to make tax adminstration more efficient & increase govt revenue in the process by closing loopholes.

On paper, these sounds reasonable enough to most people. So it is our duty as citizens to ensure the judicious use of all resources accrued from the tax reforms.

Not wanting a reform of a deficient system & equally not proffering a superior arrangements/solution is somehow.

May Nigeria succeed! May the NGX mint money for us in the new year.

Happy New Year everyone!

It is unfortunate that many who are opposed to the new tax law are doing so because of ignorance, misinformation and politics.
Asked them how the law will affect them negatively and you'll get nothing concrete.

KarlTom:
I thought the deadline is 31 March 2026

They have to prepare the year 2025 AFS which is to be submitted to cbn for approval.
And according to access bank if they fail to meet the cbn stipulated capitalization for the year, they might not be able to pay dividend.

emmanuelewumi:
GTB only needed to reduce the proposed final dividend for 2025 by about 28k and they will get the N10 billion.


No wonder auditors, CBN insiders and NDIC no too dey buy most of the banking stocks. Just surprised that GTB is now joining others in their funny games.


Upon the big profits declared by the banks in Nigeria and supposed cheap valuation, non of them beat currency devaluation or inflation and delivered 1600% in the last 20 years at a compounded annualized return of 15%

GTB is not doing anything wrong in my own opinion.
They wanted to beat the December 31 deadline for adequate capitalization as prompted by cbn guidelines.
The easiest and the fastest way to get that done is through PP, the same thing access bank did

Agbalowomeri:
We don tell Oga Nosa repeatedly o. Most of the bank earnings are fickle and not as "real" as sectors like consumers. I can't remember seeing PE of any bank beyond 5 in the last 15 years. Na GTB dey reach 5 sef because of the premium attached to it.

With zenith bank a sure bet for 15% dividend yield in some of those years.

https://punchng.com/shareholders-approve-geo-fluids-n25bn-capital-raise/

Is this the original Geo-Fluids or ........

https://www.vanguardngr.com/2025/12/cbn-projects-4-49-economic-growth-51bn-external-reserves-for-2026/

The Central Bank of Nigeria, CBN, has projected a stronger macroeconomic outlook for the country in 2026, forecasting a 4.49 per cent growth in Gross Domestic Product, GDP, a moderation in inflation to about 12.4 per cent, and a rise in external reserves to $51.04 billion,

yMcy56:
Thanks for the post Pluto
We still dey plead for God's divine intervention, make CBN tender justice with mercy.

* The NDIC action here is suspicious and a pointer to some inside politics....
* Why is NDIC so eager to pay investors off?
* Why the immediate action? ...because we all know when it comes to making payments, these guys can lag and frustrate investors....
Why the haste from NDIC.
** What was CBN looking at since they'd been on suspension for quite some years?
** Who was approving their financials for release to the public thru NGX?

** Anyhow comment is not allowed pls....
In fact, hold your negative comment if you have one. 🙄

NDIC is not paying investors off o but depositors.

nosa2:
Make I plug shamelessly small.......

Based on today's closing price

Zenith bank
forward PE 2.53
Expected Return on Equity 21.53%
Q3 Net profit margin 22.65%

Eco-bank Transnational
Forward PE 1.59
Expected Return on Equity : 25.82%
Q3 Net profit margin: 19.86

Now I dare anyone to find a listed company outside the banking sector that has similar profit margins and return on equity that is trading at similar earnings multiples.

Banking sector is grossly under priced relative to the market.

I have asked questions from other investors as to why they think this is the case and I am yet to hear any valid reason.

So yes, a repricing is necessary. Either the general market falls or the banking sector rises. The status quo makes no sense.

P.S I have one more investment to make in the banking sector in the first half of January but aside from that I am invested in the two stocks mentioned and as such you can look at it as me trying to sell my market.

For a better perspective, you need to look at history of Nigeria banks p.e and some other ratios.
This is not the first time that banks earning multiples would be very low.
The big question is, will it continue to be low or something is about to change?

UNIBENDON:
UCAP
WEMA Bank
Okomu Oil
Nahco
Access Bank
Zenith Bank
Dangote Cement
Transcorp Hotel
UBA.

The above companies are good for a newbie to start an investment portfolio.

You mean a newbie should buy Transcorp hotel with a p.e of over 100

Those who like to play bet naija with stocks can take a look at Austin laz

chimex38:
why exit Geregu now?

FG has set up a bond to repay Gas and power legacy debts.
Probably much likely this 2026..
Well, they are the cow boys of this investing game. Who I be?

He has already made his money and the asset is overpriced.
How he gets people to buy his overpriced assets at inflated price remains a mystery.

Anyone that has FBNHCO should hold it tight for now. Ote can pump anything!

nosa2:
In my opinion buy and hold is what will pay now in Nigeria oh. The removal of subsidy, building of refinery and liberalization of the FX market is going to do wonders for our economy over the next 30 years. Forget the short term pains, Nigerian economy is going to the MOON.

I AM ULTRA BULLISH ON EVERYTHING NIGERIAN IN THE LONG TERM

There are still a lot of work to be done.
Yes those policies are good and right, we will only reap the benefits if we continue to do the right thing ,, security, debt management, fx diversification, revenue mobilization etc.
Otherwise we will be back to the same spot.

emmanuelewumi:
Revenue growth

2021 N35.4 billion

2022 N46.3 billion

2023 N52.9 billion

2024 N82.9 billion

2025 N111.3 billion

What of profit growth??

emmanuelewumi:
Dividend is N3 from an Earning Per Share of about N10.

The stock currently has a sustainable earning growth of about 20%

Major growth happens this year.
Assuming,we did the compounding last year the growth rate for 2019-2024 would present a different story.
Vitafoam is a good company that is well managed no doubt but there is no guarantee that the next five years will be good as this year.

emmanuelewumi:
I totally agree with you.


What you have is a yield on cost of 38.46%.

But the price today is N94.
For someone who wants to deploy his funds today, does the company offer a margin of safety for discounted price or is the company appropriately priced?

mikeapollo:
Crypto does not seem to have masters. Anybody can sink in that ocean.

But crypto will give him the advantage of leverage, depth and excitement.
With $1000, he can do a trade of $100,000 and that could be done in minutes,both the buy and the sale.