₦airaland Forum

https://www.reuters.com/business/energy/venezuela-us-talks-export-venezuelan-oil-us-sources-say-2026-01-06/

"Venezuela will be "turning over" between 30 and 50 million barrels of "sanctioned oil" to the U.S., Trump said in a social media post.
"This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!," he added."

Access bank needs deliverance

I

handsomebolanle:
Mentioning it could be misinterpreted as MH.
The price may also go down.
But like I said, it didn’t move.

Cheers

SEPLAT I guess

https://proshare.co/articles/ownership-concentration-and-market-influence-in-the-nigerian-exchange-ngx-2025?menu=Market&classification=Read&category=Capital%20Market

chimex38:
Effect of taxation could change that.
I think stocks might just reprice to include taxation effect.

lol...
Taxation will not crash the stock market again,it is to reprice now

nosa2:
I should have stuck to my guns, but then again the ETI is used the money to buy is going to outperform PZ

Banking stocks are definitely cheap but they are always underperform when it comes to capital appreciation.

EDUECO:
You're right!

99% of Nigerian politicians and security personnels are the real criminals in Nigeria.

Nigeria problem is not only about politicians and security personnels.
Almost everyone is culpable.

mikeapollo:
The HNI (high net worth individuals) know themselves, so the govt should go face them. Dangote, Otedola, Abdul Samad, Adenuga, Elumelu etc.
If only the ''tax man'' was there to help me in 2008-2010 when my investments turned into huge debts because of market crash after margin and other loans that I invested. They cannot reap where they did not so.

After Dangote and Ote$, na you be the next

mikeapollo:
Who go come comot the tax from my pocket?
The govt says I should file (and pay) CGT on gains that I make in a year by 30th June of the following year.
And I say I no go do am!

Enforcement will start from HNI.
Those of you who make billions and hundreds of millions should be ready to receive the tax man sooner than later

mikeapollo:
File ko, file ni.
Once I file my PAYE returns with my State Govt., I will never file any additional returns anywhere, even if they point armoured tanks to my head!
The CGT nonsense is dead on arrival!. I will never file any gains I make in my stock trades. Let them block or close down the NGX is they want.

Any other income you make personally and the CGT are still under the jurisdictions of your state government.
Nothing much new with the new act except it makes evasion more difficult.
It is just a matter of time.

Agbalowomeri:
No be only file

Compliance will take time but we have to start from somewhere.
The tax man has already said they need about 5 years.

https://punchng.com/new-tax-regime-whats-true-whats-not/

"The new tax laws also prescribe that everyone, exempt or not, must file their tax returns annually with a March 31 deadline for companies, while individuals must file by June 30 via NRS portals."

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,