₦airaland Forum

leo1234:
EDUECO sold access to buy japaul.

emmaodet:
Agba-baller, please can you explain better how to do this?
Will the broker just sell your shares automatically to pay back themselves?
And if so, won't the tax be taken when they are withdrawing from my account?

ositadima1:
Loan Interest Deductibility under the Nigeria Tax Act (2025)

1. Companies (General Business Tax)
Deductible:
• Interest on debt used to generate income (e.g., bank loans, finance leases, bonds, etc.).

Limitations (for loans from related/connected parties):
• Deduction is capped at 30% of EBITDA.
• Any excess interest above 30% is not deductible in that year.

Carry-forward:
• Unused interest (due to the 30% cap) can be carried forward for up to 5 years.

Exemptions:
• This 30% limit does not apply to Nigerian subsidiaries of foreign banks or insurance companies.

2. Individuals
Deductible:
• Only interest on loans for building an owner-occupied residential house.

Condition:
• Must provide documentary proof (e.g., loan agreement, receipts).
• Tax authority can reject the claim if evidence is inadequate.

3. Petroleum Companies
Hydrocarbon Tax (HCT):
• No deduction allowed for loan interest when calculating hydrocarbon tax on crude oil operations.

Petroleum Income Tax (PIT):
• Interest on borrowed money can be deducted if it was genuinely used in petroleum operations.

• Subject to:
o Excess interest rules (30% of EBITDA for connected-party loans),
o Transfer pricing rules, and
o The Third Schedule provisions.

Streetinvestor2:
This cannot be acceptable for individuals. Does it mean loan for business will not be recognised even when u have evidence via the bank.

megawealth01:
💯 💕

Umehj88:
Which crusader. It's no longer Photoshop smh. We don't know everything so when u hear something new instead of castigate or say some nonsense investigate. If to say u Bet with street nah like this he for chop your money. No be mega I wan quote nah that crown prince way no know himself

Panadee:
CardinalStone and Morgan seem to be some of the better options

Ddll:
First it was Oando, now it’s Ellah Lakes. It’s about to be a very long weekend of analysis

Streetinvestor2:
I guess these are what represnt good in that beautiful nonsense
1.Retained earnings still progressing south

2. Biological assets having combination of 3 things grow from 585 Million plus to just 768 million plus. What kind of chicken growth
What kind of yeye dey smell growth. This is what will produce the miraculous revenue in coming yrs. Next yr is not far
No wonder meristem gave the revenue forecast in those range.I now doubt if they can even attain those numbers. My opinion I don't believe in the 250 billion thing till I see the Money

3 Equity marginal growth against previous yr .

4.I would have been OK with reduction in personal expenses by 321413 million. Then u see how the same people gave loan to themselves and approved it themselves. Who scrutinized the loan .Then went from back door and declared 6.8 billion loan from themselves that will be converted to equity at thr own rate.That is scam alert.
If they eventually raise any amount. They have cornered almost 7 billion from it.I will be expecting like another 10 billion to go this way next yr.
I need to go learn accounting from agba to apply the same kind of account engineering to escape from this new tax law next yr.
Who will say accounting is not a miracle making profession

5. The revenue shock my village farmers and other people into farming with that kind asset

They now have grace of 1 or 2 months to deliver audited version

Agbalowomeri:
With all this Una argument, Mr. Market go still show all of una pepper for this September

Agbalowomeri:
With all this Una argument, Mr. Market go still show all of una pepper for this September

mygee2:
Please are these app seems I can't find them on playstore

Care4:
Please register directly with stockbrokers. Apps charge too high for the quality of service they provide.

jonnysessy:
My major problem is I can't even follow this argument. I really don't know when it began and I don't even get the bone of contention. But, the point is a side is for Ellah Lakes and the opposing side is definitely against it. The argument had gone on like forever. Whether Ellah is producing or not, the stock had moved from a humble beginning circa 3.00 to about N14. Some had made cool gain and had cashed out. Some others believe it is the next Presco on the NGX and had committed their cash patiently waiting ( risk). What i have come to learn in NGX is that if you really want to hit it big, you need to commit it your money big time. But, if you commit just a little to test the water, if it blossom you will also reap a little reward.

Lesson learnt: Go all out to commit your cash with whatever investment you are sure of, this is to reap a bountiful harvest at the end of the year ( this could also mean a loss if your postulations, permutations and combinations are wrong )

jonnysessy:
My major problem is I can't even follow this argument. I really don't know when it began and I don't even get the bone of contention. But, the point is a side is for Ellah Lakes and the opposing side is definitely against it. The argument had gone on like forever. Whether Ellah is producing or not, the stock had moved from a humble beginning circa 3.00 to about N14. Some had made cool gain and had cashed out. Some others believe it is the next Presco on the NGX and had committed their cash patiently waiting ( risk). What i have come to learn in NGX is that if you really want to hit it big, you need to commit it your money big time. But, if you commit just a little to test the water, if it blossom you will also reap a little reward.

Lesson learnt: Go all out to commit your cash with whatever investment you are sure of, this is to reap a bountiful harvest at the end of the year ( this could also mean a loss if your postulations, permutations and combinations are wrong )

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.