₦airaland Forum

mikeapollo:
It is 1.23trillion.
But one needs to confirm number of shares used for the EPS i.e. if it includes those issued in recent mergers/acquisitions

It doesn't add up.
I have used all the numbers I could find.

mikeapollo:
These figures don't look bad though.
Access may spring a positive surprise, after all

It is a solid one if the figures posted are correct.
The PAT looks somehow 1.23trillion or 1.23billion?

faoogoke:
ASO SAVINGS AND LOANS suspension has been lifted.

MH enthusiasts oya lets go there!

Some good news.
Dry bones shall rise again

awesomeJ:
I'm trying to see if you will be less bearish in this market. 😁😁

As long as he is out of the market he will always be bearish.
He will only be bullish after he enters the market again

https://punchng.com/ngx-records-strong-opening-adds-n611bn-to-market-capitalisation/

"On the value chart, Geregu Power Plc led with transactions worth N9.29bn, followed by Aradel Holdings Plc with N3.28bn, Dangote Cement Plc with N1.97bn, MTN Nigeria with N1.47bn, and Nigerian Breweries with N1.39bn."

GeneralDae:
I get your point but I was looking strictly at the ASI.

The ASI upward movement in the month of October is a pointer to the fact that investors as against speculators are still betting on the NSE

PuristForest:
Market has been largely sideways for the most of October, investors are growing weary, uncertain of tax implication and few may have info on alleged c%up and that also raises uncertainty...........we wait and build liquidity!
- insurance - still think insurance subsector needs a bit of correction tsunami.... like sunuassur¬5, sovrenin¬2, univinsure¬0.86
- Aradel - think aradel only hit a wave 2 and will make a lower low...4m worth purchase is nothing...
- Oando - nothing controversial about oando, its doing what its supposed to do in the market
No emotions, stay alert, stay ahead & DYOR !!!
ewnation/ngx
x/ew_nation

Index moved from 142 to almost 150 and you said investors are growing weary.

awesomeJ:
BUACEMENT @ 170, index at 149.7k!

Someone should move BAUFOODS or SEPLAT so we can seal this 150k today.

Na MTN I want

https://nairametrics.com/2025/10/19/nigeria-emerges-africas-fastest-growing-fmcg-market-with-54-1-growth-report/

Top 10 fastest-growing FMCG categories in 2025
Contraceptive – 95.6%
Flavoured milk – 84.4%
Biscuits – 72.2%
Mainstream spirits – 71.1%
Energy drink – 68.5%
Drinking yoghurt – 65.2%
Soft drink – 62.9%
Coffee – 59.8%
Beer – 59.3%
Powdered beverage – 58.7%

https://www.thecable.ng/breaking-nigerias-inflation-rate-drops-to-18/

“On a month-on-month basis, the Food inflation rate in September 2025 was -1.57%, down by 3.22% compared to August 2025 (1.65%),” the report said.

“The decrease can be attributed to the rate of decrease in the average prices of Maize (Corn) Grains, Garri, Beans, Millet, Potatoes, Onions, Eggs, Tomatoes, Fresh Pepper etc."

zendi:
The tax law is convoluted and a bit confusing. But it does seem you're more right than wromg.

I had thought that all taxes save a few local ones are collected by the FIRS, pooled into the Fed Acct with other revenues from where distributed to the tiers of Govt according to the Revenue Sharing Formula.

But I've just found out that more categories of taxes than I had thought are allowed for the State Govts.

I hope your assignment is done.

The PIT exclusively belongs to the state just like awesomej said.

awesomeJ:
Another thing about this CGT is that it's not even going to be collected by FIRS(NRS) if you're in the market as an individual (not a company)


So one can also move to states that are less likely to have the resources to implement.

Even LIRS might yet restrict its implementation to just HNIs.

I am not sure this is totally correct.
The CGT for an individual will be treated as PIT which belongs to the state of residence. However,I want to believe the new NRS can collect it on behalf of the state if my understanding of the new tax law is correct.

Agbalowomeri:
And we never can tell, they may not enforce it. At least, the PIT relies on individuals to declare at the end of the year. Do they have the resources to chase every high net worth individuals when they have not finished with the corporate entities

I equally want to believe that enforcement might take time.

Agbalowomeri:
Simple. I made it in the stock market pre-2026

Nobody can fault anyone for that. Tax avoidance is not tax evasion

Simple in theory but I don't think they will overlook and allow you to go tax free.

Agbalowomeri:
Yeah if I were in such profits I will probably sell and move the money to my bank account so that tax man can see na my money pre-tax law be this

Maybe wait for December rally. I am sure the stockbrokers will shift the January rally back to December. Everywhere go quiet small in January

You will still have to explain how you made the money to the tax man.
Any in flow and out flow that exceed a certain threshold in your account will attract the attention of the tax man.

https://www.thecable.ng/exclusive-pengassan-dissolves-branch-leadership-over-failure-to-shut-down-gas-supply-to-dangote-refinery/

"The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has dissolved the branch executive councils of the Nigeria Gas Infrastructure Company Ltd (NGIC) and the NNPC Gas Marketing Limited (NGML).

The dissolution followed the “inability” of the executives to completely shut down gas supply to Dangote refinery during the association’s strike."

ogawisdom:
25% is too much 15% should have been max though 99% of retail investors won't be affected. We still need the market movers around ie high networth individuals and institutional investors that will be affected.

I am still trying to understand why people didn't spea about the CGT when the bills was before the national assembly. All what we were hearing then was about VAT sharing.

1kinggy:
Senior staff starts from graduate position (GL8 in civil service) to the rank just below management (GL14).

In the Nigerian oil and gas, anyone below graduate will fall in NUPENG. Management staffs are not eligible to join Union but professional societies.

.

Is your last statement applied only to the oil and gas sector?
In my own sector,we have people on GL 15, 16 and 17 equivalent who are active members of unions.
The only thing I know is that if you are part of management you are not expected to participate in industrial action.

Bovis:
While it may be seen as an ego-driven move, this is ultimately a reckless investment and damaging publicity for Access Bank UK

Many of these London mansions have remained unoccupied since the UK government began seizing properties owned by Russian billionaires, alleging ties to President Putin

Consider what £15 million could achieve in a struggling UK economy—it could help provide mortgages for over 50,000 Nigerian families living in the UK

A large Hilton Hotel in Peterborough is currently listed for £11.9 million. Acquiring such a property could create hundreds of jobs for Nigerians and generate substantial profits for the bank

It’s likely that the UK’s Financial Conduct Authority will investigate this transaction thoroughly, and they may determine that it was funded through illicit means.

Is the said property bought in the name/account of the bank or in his own personal account?

GeneralDae:
In a refinery anything can go wrong. In NNPC then, we were provided PPE’s but only the helmet and safety shoes. We weren’t given masks but we inhaled dangerous chemicals sometimes.
Also, at a time while we were all close by, someone failed to control the reactor temperature using the valve as instructed and quickly left because his shift had ended. The guys in the control room had to come out and a little more delay may have eventually led to a fire outbreak. Stuff like that happen all the time in a refinery.
Most importantly, hazardous chemicals inhaled in a refinery kills slowly. The sulphur content leads to dangerous cancers over time. So a refinery job is truly highly hazardous.

My brother, forget those stories about hazard.
It is a privilege to work in those "lucrative sectors" and not because of any extra ordinary skills or level of hazard.

emmanuelewumi:
I don't think that is all inclusive of other allowances.


Even as terrible as it may be, why should anyone who knows his worth, be fighting to be called back.

The union actually went overboard in the action they took against the company and the country but I don't think there is anything wrong in employee seeking a better pay/welfare from the employer.

https://nairametrics.com/2025/10/03/sec-fines-stanbic-ibtc-capital-n50-1-million-over-gtco-public-offer-process/

The fine is 50 million and not 50 billion.

SonofElElyonRet:
Actually e never reach court so lady justice (court) never dey involved.

O da. Mo ti gbo. Let them "tax all taxables" o. spread the tax net to all businesses.. legal and illegal.. kowo wole wa

You are making it sound like the tax authority will be going out to where these set of people operate their businesses and be asking them for tax.
What triggers the NRC into action is when money enters an account that breaches a certain threshold in which they have the mandate to tax.

https://www.vanguardngr.com/2025/10/how-remote-workers-influencers-ll-pay-tax-under-new-law-oyedele/

"He explained that upkeep money or gifts were not taxable, but noted that payment for any service or product attracts tax obligations."