₦airaland Forum

Using S & P historical reference, you make more in bull markets than you lose in bear markets

yMcy56:
https://portal.cscs.ng/home/register

Thank You

Sharp

Toluway:
Before You Cry Like Peller, Read This

I came across a trending news on Premium Times newspaper,

The news says that Peller, the TikToker, is crying out for help after the Lagos State Government slammed him with a ₦36 million tax bill.

When I came across some of Peller’s video clips, it was funny to me because he said he doesn’t own a company and thought it’s only companies that pay tax.

He also said he can’t pay such an amount because he doesn’t have a job, that he only makes money online on TikTok and not in Nigeria.

Let me tell you the truth,
the law doesn’t care about your ignorance.

Some of you reading this will also cry more than PELLER starting from 2026 if you fail to restructure yourself and your business now.

I have been preaching business structuring here on Facebook since the day of my project research defense in UNILAG.

First of all, I want you to know that everyone pays tax, whether rich or poor.

In fact, the poor actually pay more tax than the rich because 99% of them don’t know how to legally reduce their tax burden.

But since it’s my duty to see you grow, let me give you the best advice your mentor will never give you for free.

Take a seat and read this post, let me tell you how to escape from the same trap Peller has found himself in now, because from next year, there will be no escape.

In Nigeria, we currently practice a multi-tier, mixed tax system which can be confusing and sometimes leads to one being overtaxed or undertaxed. But the present government has passed a new law which means that from 2026, Nigeria will start practicing a Progressive Tax System.

This means that the more income you have, the higher the taxes you pay.

From next year, the rich will pay higher tax, while the poor will pay smaller amounts, and in some cases, nothing at all, depending on earnings.

Let me remove all the big grammar in taxation for those of us that studied Financial Accounting in school 😂 and break this down to you as if you were in primary two.

The new tax law, commencing fully in 2026, states that any individual earning less than ₦800,000 per year will pay no tax at all.

And any company with less than ₦50 million yearly turnover will also pay no tax at all.

Now, let's talk about who Must Pay Tax from 2026

In taxation, we their is what we called PIT and CIT:

PIT means Personal Income Tax (for individuals)

CIT means Corporate Income Tax (for companies)

With the new progressive tax system, if you earn above ₦800,000 as an individual, you are required to pay about 15–25% of that money to the Federal Government.

For example:

₦0 – ₦800,000 = 0% tax

₦800,001 – ₦3,080,000 = 15% tax

₦3,080,001 – ₦12,320,000 = 18% tax

₦12,320,001 – ₦24,640,000 = 21% tax

₦24,640,001 – ₦49,280,000 = 23% tax

Above ₦49,280,000 = 25% tax

In summary: If you make around ₦50 million in a year, you are to pay ₦12,500,000 to the Federal Government.

For Companies:

Anything less than ₦50 million = no tax

Above ₦50 million yearly turnover = 25% corporate tax

You see why you must restructure your business and see yourself as a brand, a company, and not just “catching cruise” watching TikTok videos online.

For the Lagos State Government to bill Peller ₦36 million in tax, if we calculate using the new progressive system, it means he has made more than ₦152 million.

And let me tell you the truth, the government knows the inflow and outflow in your account. For them to have come up with that figure, it means they have done their background checks.

The best advice anyone can give Peller now is to hire a tax expert to review his accounts and negotiate with the government. If not, there is no escape.

The reason why this tax issue seems strange to some of you is because the system wasn’t properly organized, and it’s only Lagos State Government that takes tax seriously.

But from next year, no more “state this, state that.”

From 2026, the Federal Government will collect the tax directly.

And there will be no way to escape. The same cry Peller is crying now, some of you will cry on this same social media when the time comes.

It’s just 5 months to go before we enter 2026.

And don’t think the government can’t track your income, my friend, that’s a lie.

With the new technology in place, the government can track your income just with your NIN and BVN. Even if you scatter your money across 20 different banks, NO ESCAPE 😂.

Now, as you’re reading this, you may be wondering: How do we reduce our tax?

My brother, I have good news for you, so you won’t make the same mistake Peller made, whether you’re a content creator, blogger, businessman, or even a beggar (oh yes, begging is now a business in Nigeria; haven’t you heard about “urgent 2k” boys and girls?).

First, you need to Restructure Your Business.

Restructuring starts with registering your business properly. Instead of registering your business as a Business Name, register it as a Limited Liability Company (Ltd).

With this, your business is a separate entity and you are also a separate entity.

PLEASE NOTE: when you register as a BUSINESS NAME, my sister or brother, you don’t have a company yet ooo.

What you have is called a sole proprietorship, which means a one-man business.

You are not separated from your business, and all your income is counted as personal income tax, not corporate income tax.

One major advantage of having an Ltd is that, before you pay any tax, you are permitted to deduct your expenses, including operational costs, salaries, marketing costs, etc.

That’s why those who understand stock market fundamentals analysis see things like “PROFIT BEFORE TAX” and “PROFIT AFTER TAX.”

If Peller had structured his brand before now, collect all his revenues under corporate account and registered something like “Peller Entertainment Ltd,” he could have deducted expenses such as cameraman salary, video editors, equipment, and other costs.

His tax bill could have been less than ₦10 million, or even ₦5 million.

For those of you arguing with me on "Why Igbo Businesses failed after the Founder's death", that business structuring does not matter, you now see one of the advantage of structuring your business.

Another important point,
After registering as Ltd, stop collecting payments with your personal account. Use your corporate account for all payments.

And for those of you whose friends abroad send ₦100 million to your account to buy land or houses in the village, my friend, you must pay tax on all that income from next year😂.

Separate your personal money from your business money.

Stop buying groundnuts and corn with your corporate account.

Pay yourself a salary. Being CEO and sole director doesn’t mean you should dip into company funds to buy shawarma for your urgent 2k girlfriend.

Not paying yourself a salary is not a sacrifice, it’s financial mismanagement.

Document all your income and expenses. Avoid cash transactions where possible.
And if you must use cash, keep receipts (not invoices, many don’t know the difference). I’ll save that topic for another day.

emmanuelewumi:
Please contact CSCS, you can also go through your Stockbroker

Thank you

I need advise on how best to approach this problem.

In June 2007 I made a deposit of N100K to a stockbroking firm for the purchase of shares of Wema Bank.

After the shares were purchased they gave me my CSCS number and the CHN and I had no further contact with the stockbroking firm; this was partly because the market was not doing so well and the price of shares had crashed.

In 2015 or thereabouts I went to the office of the stockbroking firm and learnt that they had moved to another address.

Now early this month when I heard that shares had started going up in price I searched for the company online and was able to get their new address and their phone numbers.

I put a call to them and asked for a copy of my CSCS statement which was sent to me.

When I examined it I was shocked to see that the number of Wema Bank shares was just 1,700 approximately when in actual fact it should be above 20,000.

Let me state categorically that I have never given instruction to sell either verbally or in writing!

Even if there was capital reconstruction by Wema Bank between 2007 and 2025 there is no way shares of N100K which were purchased in 2007 would have reduced to just 1,700.

I need advise on how best to approach this matter because I am very sure that something does not add up.

emmaodet:
Using S & P historical reference, you make more in bull markets than you lose in bear markets

Shey na everybody buys at the same price ni? Even in the so called bull market some people still lose money

ElectronicMoney:
I need advise on how best to approach this problem.

In June 2007 I made a deposit of N100K to a stockbroking firm for the purchase of shares of Wema Bank.

After the shares were purchased they gave me my CSCS number and the CHN and I had no further contact with the stockbroking firm; this was partly because the market was not doing so well and the price of shares had crashed.

In 2015 or thereabouts I went to the office of the stockbroking firm and learnt that they had moved to another address.

Now early this month when I heard that shares had started going up in price I searched for the company online and was able to get their new address and their phone numbers.

I put a call to them and asked for a copy of my CSCS statement which was sent to me.

When I examined it I was shocked to see that the number of Wema Bank shares was just 1,700 approximately when in actual fact it should be above 20,000.

Let me state categorically that I have never given instruction to sell either verbally or in writing!

Even if there was capital reconstruction by Wema Bank between 2007 and 2025 there is no way shares of N100K which were purchased in 2007 would have reduced to just 1,700.

I need advise on how best to approach this matter because I am very sure that something does not add up.

How much was the purchase price per unit in 2007?

Below is the shares reconstruction news:

After you made the deposit, did you confirm the number of units they purchased for you?

Those days of analogue/paper form shares purchase, it is possible that only 1700units was purchased. However, the balance should have been refunded to you.

If, a big IF, you have any evidence you can present it to them.

Good luck

ElectronicMoney:
I need advise on how best to approach this problem.

In June 2007 I made a deposit of N100K to a stockbroking firm for the purchase of shares of Wema Bank.

After the shares were purchased they gave me my CSCS number and the CHN and I had no further contact with the stockbroking firm; this was partly because the market was not doing so well and the price of shares had crashed.

In 2015 or thereabouts I went to the office of the stockbroking firm and learnt that they had moved to another address.

Now early this month when I heard that shares had started going up in price I searched for the company online and was able to get their new address and their phone numbers.

I put a call to them and asked for a copy of my CSCS statement which was sent to me.

When I examined it I was shocked to see that the number of Wema Bank shares was just 1,700 approximately when in actual fact it should be above 20,000.

Let me state categorically that I have never given instruction to sell either verbally or in writing!

Even if there was capital reconstruction by Wema Bank between 2007 and 2025 there is no way shares of N100K which were purchased in 2007 would have reduced to just 1,700.

I need advise on how best to approach this matter because I am very sure that something does not add up.

Oasisblue:
Even on their website, you will see stuff like "Lorem ipsum dolor sit amet...." in places where real information should be. I am shocked. I thought they hold a lot of promise as pioneers of fibre internet in Nigeria. I guess I am wrong.

Work of amateur developers who learnt coding using AIs

megawealth01:
Sharp

Mega, when I saw the long writeup, I just know you'll copy it to put smiley.....
But this time, it's just only a word to occupy that long space.
Una well-done sir.

zendi:
Megawealth01= the game is the game.

Nosa2= investing is not a team sport.

KarlTom= every malam to his kettle.

Every person is the CEO of own portfolio.

Zendi= nsempa no go kee pesin.

The shaping of nsempa thought.

do your due diligence

do your own research

ji with patient fund

nsempa no go kee pesin

@Electronicmoney

When the shares were purchased, did you confirm it was 20k units then?
If you didn't, then it's possible they got only 1700 for you and never bothered to use up your whole deposit to complete the purchase.

As it is, you can only claim the shares purchased back while, unfortunately, the remaining fund is lost.

More reason some don't always want to keep cash/funds in trading accounts for longer periods but will use it to buy shares..... especially if you're not the monitoring type.

Funds with brokers are safer this way because you can retrieve your shares back but can't retrieve cash back.

yMcy56:
Mega, when I saw the long writeup, I just know you'll copy it to put smiley.....
But this time, it's just only a word to occupy that long space.
Una well-done sir.

make I book space

ElectronicMoney:
I need advise on how best to approach this problem.

In June 2007 I made a deposit of N100K to a stockbroking firm for the purchase of shares of Wema Bank.

After the shares were purchased they gave me my CSCS number and the CHN and I had no further contact with the stockbroking firm; this was partly because the market was not doing so well and the price of shares had crashed.

In 2015 or thereabouts I went to the office of the stockbroking firm and learnt that they had moved to another address.

Now early this month when I heard that shares had started going up in price I searched for the company online and was able to get their new address and their phone numbers.

I put a call to them and asked for a copy of my CSCS statement which was sent to me.

When I examined it I was shocked to see that the number of Wema Bank shares was just 1,700 approximately when in actual fact it should be above 20,000.

Let me state categorically that I have never given instruction to sell either verbally or in writing!

Even if there was capital reconstruction by Wema Bank between 2007 and 2025 there is no way shares of N100K which were purchased in 2007 would have reduced to just 1,700.

I need advise on how best to approach this matter because I am very sure that something does not add up.

Contact CSCS for the transaction history of Wema Bank on your account.

It should cost N200 or thereabout..

https://www.youtube.com/watch?v=UBU16X1yPdg

Here's a summary of today's trading session on the NGX

orriyomi33:
Good morning.

This is not my portfolio but rather my watchlist, I don't currently own most of the stocks on there.
We are following the process to making megawealth as well as we are still in the learning phase.

Sir @Megawealth01, can you pls reconsider your blocking of @Melcapital.

Your watchlist is doing fine.
I remember Meritrade used to have a feature called Merigame. They used to reward users who had the largest return by percentage on their capital. Starting capital was 1 million Naira.

Thank you for advocating for a fellow. Big men and blocking people are like 5 and 6.

Transcorp chinkili interim dividend just landed. The yeye company no get mind send this type small thing as divudend

NSEstudent:
Work of amateur developers who learnt coding using AIs

That's not armateur.
That's kind of the defacto wordings in the tech space on any webpage without a content yet.
It is filled with those words
(its Latin I think)

ElectronicMoney:
I need advise on how best to approach this problem.

In June 2007 I made a deposit of N100K to a stockbroking firm for the purchase of shares of Wema Bank.

After the shares were purchased they gave me my CSCS number and the CHN and I had no further contact with the stockbroking firm; this was partly because the market was not doing so well and the price of shares had crashed.

In 2015 or thereabouts I went to the office of the stockbroking firm and learnt that they had moved to another address.

Now early this month when I heard that shares had started going up in price I searched for the company online and was able to get their new address and their phone numbers.

I put a call to them and asked for a copy of my CSCS statement which was sent to me.

When I examined it I was shocked to see that the number of Wema Bank shares was just 1,700 approximately when in actual fact it should be above 20,000.

Let me state categorically that I have never given instruction to sell either verbally or in writing!

Even if there was capital reconstruction by Wema Bank between 2007 and 2025 there is no way shares of N100K which were purchased in 2007 would have reduced to just 1,700.

I need advise on how best to approach this matter because I am very sure that something does not add up.

Wema Bank did a share reconstruction some time ago. Check the ratio. That could be the reason for what you see on your cscs.

https://www.greenwichbankgroup.com/wp-content/uploads/2023/05/Project-Alert-Scheme-Document-Approved-by-the-SEC.pdf

pluto09:
https://punchng.com/ellah-lakes-to-plant-1500-hectares-of-oil-palm/

What is the rush? This constant starting up of new ventures without letting previous ones mature is very risky

nosa2:
What is the rush? This constant starting up of new ventures without letting previous ones mature is very risky

MORDI don join cowboi?

To raise 250b nobi play na

nosa2:
What is the rush? This constant starting up of new ventures without letting previous ones mature is very risky

They need new stories or even recycle old stories in order to maintain the momentum

megawealth01:
MORDI don join cowboi?

To raise 250b nobi play na

He is not a cowboy ooo.

He is a content creator, there must be a new content to keep us occupied, engaged and keep hope alive at least once in 2 weeks

nosa2:
What is the rush? This constant starting up of new ventures without letting previous ones mature is very risky

Na wa o. Aa le te aiye lorun o..
And what if the various projects are inter connected and geared towards delivering the larger integrated Ellah lakes vision?

PRESCO never pay since morning?

gabscity:
PRESCO never pay since morning?

We many on the waiting list...

TRANSCORP alerts booked successfully 😘

Looks like Stockbrokers have selected Ellah in their Company Visit Plan. And taken fresh photo-ops. And likely verified things on ground for personal consumption or for client advising.

https://thenationonlineng.net/ellah-lakes-plans-100-hectares-livestock-farm/

SonofElElyonRet:
"Mordi stated that Ellah Lakes remained committed to sustainable value creation for shareholders, stressing that once the company became cash flow positive, its top priority would be the distribution of dividends"
@EDUECO and other Anti Ellah "ECHOES"

Where did he state this better dividend talk? Abi he read our comments here yesterday on dividends

megawealth01:
That wema pain me sha. I see that bank finish in 2020

If you miss Wema, don't miss aradel.