₦airaland Forum

mikeapollo:

You cannot dodge it forever.
God Almighty says He will bless you abundantly and mightily so you can ''enter the net'' and pay 20% tax!

No, it's not to enter any ridiculous net, it's so I can be a blessing to others 😁

“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.” - Warren Buffett

Good evening everyone, please which app is best to buy shares in, for a beginner?

mikeapollo:

You cannot dodge it forever.
God Almighty says He will bless you abundantly and mightily so you can ''enter the net'' and pay 20% tax!

Just take one-month loan equivalent to your needs, pay back on share liquidation. Continue trading forever

Champion Breweries Plc, a subsidiary of enJOYcorp, recently announced plans to acquire the brand assets and intellectual property rights of the Bullet range of alcoholic and energy beverages from Sun Mark International Limited.

Structured as a carve-out, the deal will transfer the assets to a newly incorporated company in the Netherlands, with Champion holding the majority stake and Belgian firm Vinar N.V., a key Sun Mark shareholder, retaining the minority interest.

Once completed, the brewer will add Bullet’s assets to its financial reports, bringing quick gains like foreign exchange earnings and wider distributor reach, along with longer-term benefits from supply chain integration and a stronger market presence.

Visit www.nairametrics.com to read more.

EDUECO:
Just buy Access Holdings Plc. Any time you get free money always top up Access Holdings Plc.

You will gain dividend and capital appreciation in due time .

I have 100k to waste which share is best to buy now .
I am using Cowrywise for now please need someone to put my through how this dividend work.

Smartguyboy:
I have 100k to waste which share is best to buy now .
I am using Cowrywise for now please need someone to put my through how this dividend work.

My Cowrywise still doesn’t work. They told me NGX is not yet active there when I tried to also open it.

Agbalowomeri:
Just take one-month loan equivalent to your needs, pay back on share liquidation. Continue trading forever

This sounds innovative.
Can you clarify please?

Please where did GTHoldings get the money? Will shareholders be credited with the rights issue?

chimex38:
yes. It says they have met capitalization.
about 7bn OS added.
Now 42bn+
Slightly above Zenith @41.1bn+

More like an investment in a subsidiary

faoogoke:
Please where did GTHoldings get the money? Will shareholders be credited with the rights issue?

ositadima1:
Taxation for Investors and Traders in the Nigerian Stock Market (2026)
As a resident individual in Nigeria, dividends and capital gains from stocks are taxed under the Nigeria Tax Act, 2025. Here’s how it works, and strategies to legally reduce your tax burden.
________________________________________
1. Tax on Dividends
• What counts as dividends?
Any distribution by a Nigerian company before deductions (gross amount).

• How are dividends taxed?
They are treated as part of your total income and taxed at the individual income tax rates:

Tax Band (₦) Rate
First 800,000 0%
Next 2,200,000 15%
Next 9,000,000 18%
Next 13,000,000 21%
Next 25,000,000 23%
Above 50,000,000 25%

• Tax already deducted at source?
If dividends fall under Section 51 (final withholding tax), then the deduction at source is final, and you don’t need to include them in your income tax return. Otherwise, they are part of your assessable income.
________________________________________
2. Tax on Capital Gains (Share Sales)
• What is taxed?
Profit from selling shares, options, or rights.
Formula: Sale Proceeds – (Acquisition Cost + Disposal Costs) = Chargeable Gain.
• Tax rate: Same individual income tax rates as above.
________________________________________
3. How to Reduce Your Tax Burden
A. On Dividends
• Authorized Collective Investment Schemes (CIS): Dividends from CIS are tax-exempt.
• Export-Oriented Businesses: Dividends from these businesses are tax-exempt.
• Real Estate Investment Companies (REITs):
o REIT income itself is exempt if 75% is distributed within 12 months.
o However, once you receive the dividend from the REIT, you are taxed at normal income tax rates.

• Foreign Dividends: Dividends brought into Nigeria through approved channels are exempt.

B. On Capital Gains from Shares
• Threshold Exemption: No tax if BOTH apply in a 12-month period:
o Total sale proceeds < ₦150m, AND
o Chargeable gains < ₦10m.

• Reinvestment Rule: Reinvesting sale proceeds (within the same tax year) into Nigerian shares reduces taxable gain. Only the non-reinvested portion is taxable.

• Deduct Costs: Always deduct brokerage fees and other disposal-related expenses.

C. General Individual Deductions
(These reduce your total taxable income):
• National Housing Fund (NHF) contributions.
• National Health Insurance Scheme (NHIS) contributions.
• Pension contributions under the Pension Reform Act.
• Interest on loans for an owner-occupied home.
• Life insurance or annuity premiums (for you or your spouse).
• Rent relief: 20% of annual rent (max ₦500,000) with proper documentation.
________________________________________
4. Key Considerations
• Record Keeping: Keep details of share purchases, sales, costs, and dividends received.
• Compliance: File returns even if your income is exempt.
• Seek Professional Advice: Tax rules can be complex and exemptions depend on your specific case.

Thank you.

faoogoke:
Please where did GTHoldings get the money? Will shareholders be credited with the rights issue?

It says it's been done and dusted already. They are only reporting it.

I suppose it's via Private placement from GTBank
(The Bank) to GTCO
(the listed Company on NGX) from what I read.
So right issue was given to selected GTCO shareholders I suppose. They didn't state the offer price nor the issued no of shares.

*just realised I might be very wrong with the OS calculation.
It could be much more less.

Agbalowomeri:
You think September will be green

You said August and September will be red.Augustt has escaped red.September could also do same
I am sure October will be green because q3 results

Streetinvestor2:
You said August and September will be red.Augustt has escaped red.September could also do same
I am sure October will be green because q3 results

So you call this one escape? Go and check your August candle It is taking that momentum into September

Streetinvestor2:
You said August and September will be red.Augustt has escaped red.September could also do same
I am sure October will be green because q3 results

The red would've been massive.
August managed to escaped red, despite insurance bull of 2weeks+.
Unless another sector policy news in September(Banks, OandG).
It's probably going to be individual bulls.

This tax of a thing is going to correct the P/E of most companies/sectors.
New historic PE pricing will be formed across sectors.

For one, I think banks will have an average climb above 3+ going forward despite CBN strictness.
*Just musing n guessing

Agbalowomeri:
Just take one-month loan equivalent to your needs, pay back on share liquidation. Continue trading forever

Does it mean when u collect loan to be doing business u don't ever pay tax on the loan. Is the money from the loan not generating profit even as u pay interest on the loan.
I don't understand. I thought is the cost on Capital u won't pay tax.After cost on capital thr is still profit

Streetinvestor2:
Does it mean when u collect loan to be doing business u don't ever pay tax on the loan. Is the money from the loan not generating profit even as u pay interest on the loan.
I don't understand. I thought is the cost on Capital u won't pay tax.After cost on capital thr is still profit

The rich uses debt to avoid tax

Agbalowomeri:
Just take one-month loan equivalent to your needs, pay back on share liquidation. Continue trading forever

Depends on the spread between the pricing of the loan and the tax rate.

In developed economies, interest rates are usually below 5% while tax rates are usually above 20%

So if I need 50m to fund my expenses, instead of withdrawing my stocks proceeds and pay N10m as taxes, I'd rather get the N50m as loan and pay N2.5m as interest.

And keep rolling over forever 😀😀

With lending rates at 30% here though, you still need to teach us how it can work.

awesomeJ:
Depends on the spread between the pricing of the loan and the tax rate.

In developed economies, interest rates are usually below 5% while tax rates are usually above 20%

So if I need 50m to fund my expenses, instead of withdrawing my stocks proceeds and pay N10m as taxes, I'd rather get the N50m as loan and pay N2.5m as interest.

And keep rolling over forever 😀😀

With lending rates at 30% here though, you still need to teach us how it can work.

Even with your clever strategy, how would one repay the loan without selling the shares (assuming no other source of income/savings)?

https://www.youtube.com/watch?v=A7JX8CTcDTg

A summary of today's trading session on the NGX.

mikeapollo:
Even with your clever strategy, how would one repay the loan without selling the shares (assuming no other source of income/savings)?

Banks will gladly roll it over.

It's common practice in countries like US.
Look it up!

FGN has been rolling their bonds and T-bills for decades.

Maybe how would you pay the interest is the question you should ask.

The capital can be rolled over perpetually.

You can easily pay N2.5m interest cost via dividends.

awesomeJ:
Maybe how would you pay the interest is the question you should ask.

The [b]capital [/b]can be rolled over perpetually.

You can easily pay N2.5m interest cost via dividends.

What source of funs would be used to repay the capital (before rollover) if there is no selling of the shares, and no other source of income?

handsomebolanle:
Who is dumping Access??

EDUECO sold access to buy japaul.

mikeapollo:
What source of funs would be used to repay the capital (before rollover) if there is no selling of the shares, and no other source of income?

Try Google.

If you yet have confusion about this issue, I don't share it.

Try Google and chatGpt. They'll help you.

Give the AI enough context about your peculiar situation.

However if you prefer to think you have no way out of the tax situation, good for you!!!

Agbalowomeri:
So you call this one escape? Go and check your August candle It is taking that momentum into September

The only candle I know is the ones sold in shops and the different colours u see in white garment churches...lol.
If September turns red.It will definitely recover in October because of Dan cement, mtn and few heavy weights in different sectors
Even oando will contribute

leo1234:
EDUECO sold access to buy japaul.

JAPAULGOLD is the NEXT big DEAL!!!!!!!!!!!!!!!!!!!!!!

BARGAIN HUNTERS TAKE NOTE

awesomeJ:
Try Google.

If you yet have confusion about this issue, I don't share it.

Try Google and chatGpt. They'll help you.

Give the AI enough context about your peculiar situation.

However if you prefer to think you have no way out of the tax situation, good for you!!!

Lol!
Ok, thanks for sparing sometime to answer my enquiries. You tried!

Ignorant little me. I for go attend school well well, instead of absconding and running around with Kabiru at Ayetoro to look for bushmeat in the farms. Na that guy put me for this kind trouble now. God dey.

Ellah Lakes result is out

https://ngxforum.com/thread/47/ellah-lakes-plc-ellahlakes
No comment

PETERiCHY:
JAPAULGOLD is the NEXT big DEAL!!!!!!!!!!!!!!!!!!!!!!

BARGAIN HUNTERS TAKE NOTE

You come set trap

nosa2:
Ellah Lakes result is out

https://ngxforum.com/thread/47/ellah-lakes-plc-ellahlakes
No comment