₦airaland Forum

https://www.youtube.com/watch?v=A_Zh53oIEwE

crownprince2017:
People just like to display their ignorance probably because of their hatred, nobody said they are doing everything right but that doesn't mean you should be giving us what doesn't exist as a result of either ignorance or lies.

The significant increments you see in Nigerian debt was not as a result of this government borrowing but as a results of past government debt not recognized as debt via ways and means which the new government now put in order.
Stop spreading fake information.

Macro economics is not what anybody can dive into...this is not buying fake spare part from aba and sell it in Lagos as original.

You are right about one thing, macroeconomics isn't for amateurs hawking "Aba originals" in Lagos. But dismissing critics as haters? That's the bigotry shining through, assuming anyone questioning the emperor's borrowing spree must be tribal or ignorant, not, say, a citizen tired of policies that jacked inflation to 34%, shuttered factories, and left families choosing between garri and school fees. The government got reforms to tout (FX backlog cleared, reserves up), but debt trap? That is on his watch too.
Sad sad? Nah, just frustrating when defenders turn into denialists. Let's debate data, not demean. What is your take on that 52.7% debt-to-GDP breaching the fiscal rule?

civilserva:
You are right about one thing, macroeconomics isn't for amateurs hawking "Aba originals" in Lagos. But dismissing critics as haters? That's the bigotry shining through, assuming anyone questioning the emperor's borrowing spree must be tribal or ignorant, not, say, a citizen tired of policies that jacked inflation to 34%, shuttered factories, and left families choosing between garri and school fees. The government got reforms to tout (FX backlog cleared, reserves up), but debt trap? That is on his watch too.
Sad sad? Nah, just frustrating when defenders turn into denialists. Let's debate data, not demean. What is your take on that 52.7% debt-to-GDP breaching the fiscal rule?

When we speak of Government debt, I think it has become pertinent to separate the local debt from foreign debt. This Government met a foreign debt of about $43 Billion and they have added approximately $3 Billion since then ( mostly world bank loans at cheap rates). So the foreign debt is about $46 Billion.
The local debt was about 26 trillion naira under Buhari. When you add the ways and means of about 23 trillion naira (plus interest) it took local debt to around 50 trillion naira.

This Government has borrowed about 24 trillion naira in local debts (mostly due to inflation and increased interest rates on the treasury bills and Government bonds).

So this Government has borrowed:

Domestic debt: 24 trillion naira
Foreign debt: $3 Billion

With the rebasing of the GDP now showing GDP of 372 trillion naira and a debt of 149 trillion naira (as at Q1 2025), the debt to GDP is no longer 50% but back to around 40%.

You can use this link to check if you already have a TIN
https://tinverification.jtb.gov.ng/

And if you don't have one you can register here.
https://tin.jtb.gov.ng/

If we already pay taxes as workers to our state of residence tax boards and have the state TIN, in this case, LIRS. please do we still need TIN. Thought this should have been harmonized

pluto09:
You can use this link to check if you already have a TIN
https://tinverification.jtb.gov.ng/

And if you don't have one you can register here.
https://tin.jtb.gov.ng/

MeezPat:
If we already pay taxes as workers to our state of residence tax boards and have the state TIN, in this case, LIRS. please do we still need TIN. Thought this should have been harmonized

It is already harmonized, you don't need another TIN.

pluto09:
It is already harmonized, you don't need another TIN.

For some of our people wey no get TIN, shey na dem still talk say ee no necessary?
Say NIN and BVN fit still do🤷

all dem useless stocks you are pushing
hope they will not collapse like hilda baci rice pot

remember the dark is coming

it coming ooo ijn

“The Nigeria Tax Act 2025 taxes capital gains on share disposals at personal income tax rates (up to 25%) for individuals, integrating them into PIT. Exemptions apply if aggregate proceeds < ₦150M and gains ≤ ₦10M in 12 months.

Withholding tax typically applies to dividends/interest, not directly to capital gains on stock sales, which are self-assessed upon filing. Confirm with FIRS for your specifics”.

(Grok)

sboga:
all dem useless stocks you are pushing
hope they will not collapse like hilda baci rice pot

remember the dark is coming

it coming ooo ijn

You even added in Jesus name (ijn). You are something else!

GeneralDae:
When we speak of Government debt, I think it has become pertinent to separate the local debt from foreign debt. This Government met a foreign debt of about $43 Billion and they have added approximately $3 Billion since then ( mostly world bank loans at cheap rates). So the foreign debt is about $46 Billion.
The local debt was about 26 trillion naira under Buhari. When you add the ways and means of about 23 trillion naira (plus interest) it took local debt to around 50 trillion naira.

This Government has borrowed about 24 trillion naira in local debts (mostly due to inflation and increased interest rates on the treasury bills and Government bonds).

So this Government has borrowed:

Domestic debt: 24 trillion naira
Foreign debt: $3 Billion

With the rebasing of the GDP now showing GDP of 372 trillion naira and a debt of 149 trillion naira (as at Q1 2025), the debt to GDP is no longer 50% but back to around 40%.

God bless you my brother.

When you see people that listen to our friends from agulu for economic statistics, you will know.

Sometimes ago, he converted the external debts before and after this government to promote his narrative, forgetting that we go school for here.

Do people even need to twist data to campaign, is that not supposed to be a red flag or we should assume it was not intentional.

GeeKudi:
OANDO? Filling stations? Your fear is fuelled by outdated info. Oando no longer operate downstream.

Thanks for the update. But oando still a big red flag. If Tinubu losses in 2027, the stock is going to fall down to N20 per share.

one do do somethin we bought below 5 naira una dey push at at 50 na wahala dey do our job
but the next one is d dark one

dark comes

ijn

if una say tinubu can lose 2027 you are deceiving urself
dis same ppl wey dey suffer go collect 1k before voting him in ...plan for 2031wan-do-do go b 200 by den

Joyful365:
Thanks for the update. But oando still a big red flag. If Tinubu losses in 2027, the stock is going to fall down to N20 per share.

The winners will be the DARK-ONES


very

DARK ONES

Roarke:
I appreciate the response. How does one go about opening account with them

send a mail to: customercare@atlassportfolios.com or info@atlassportfolios.com

Besides, their website is https://atlassportfolios.com/

customstreet:
Use DLM Securities Ltd. They charge 0.45% on each of the transaction legs. Open account with this link

https://etrade.dlm.group/Login.aspx?ReturnUrl=%2fCommon%2fETrader.aspx


post=136778418]Good evening House. Can anyone recommend a good stockbroking from with low brokerage fees like Morgan. Your prompt responses would be greatly appreciated

@customstreet. A good friend of the house. Where have you been all this while. Nevertheless, you are highly welcome and good to have you back.

crownprince2017:
People just like to display their ignorance probably because of their hatred, nobody said they are doing everything right but that doesn't mean you should be giving us what doesn't exist as a result of either ignorance or lies.

The significant increments you see in Nigerian debt was not as a result of this government borrowing but as a results of past government debt not recognized as debt via ways and means which the new government now put in order.
Stop spreading fake information.

Macro economics is not what anybody can dive into...this is not buying fake spare part from aba and sell it in Lagos as original.

@stokfrik

only on paper.

“The little amount of money I made while running my business was enough to handle most of my needs, then. Now I earn more here, since the wages have been reviewed, but despite that, that amount can only get me about one-third of the items I was earning then could get me. Until we begin to see the effects of these reforms, positively, it would be foolhardy for us to celebrate,” he stated.

Adesuyi believed Ajayi’s comments captured those of many Nigerians presently living below poverty line. He would want the government to be intentional in ensuring this class of Nigerians is taken out of poverty.

One of the ways, he explained, is to strengthen the naira, since the nation’s present economic woes, he stated, had to do with the declining fortunes of the nation’s currency.

While charging Nigerians on the need to be hopeful, Alaje would, however, want the government to do everything within its power to sustain the ‘little gains’ it had recorded in the area of currency stability.

“One of the ways government can do that is to discourage the use of foreign currency during electioneering period. For instance, it should ensure there is no such exchange of foreign currency either for delegates, or any other politically-exposed persons as the elections in 2027 draw nearer,” he stated.

The renowned economist warned that ignoring such warnings would again put pressure on the dollar, and ‘evaporate’ whatever gains had been made in the area of currency stability.

crownprince2017:
God bless you my brother.

When you see people that listen to our friends from agulu for economic statistics, you will know.

Sometimes ago, he converted the external debts before and after this government to promote his narrative, forgetting that we go school for here.

Do people even need to twist data to campaign, is that not supposed to be a red flag or we should assume it was not intentional.

no be me talk am oooooooooooooooo.

.

only on paper.

“The little amount of money I made while running my business was enough to handle most of my needs, then. Now I earn more here, since the wages have been reviewed, but despite that, that amount can only get me about one-third of the items I was earning then could get me. Until we begin to see the effects of these reforms, positively, it would be foolhardy for us to celebrate,” he stated.

Adesuyi believed Ajayi’s comments captured those of many Nigerians presently living below poverty line. He would want the government to be intentional in ensuring this class of Nigerians is taken out of poverty.

One of the ways, he explained, is to strengthen the naira, since the nation’s present economic woes, he stated, had to do with the declining fortunes of the nation’s currency.

While charging Nigerians on the need to be hopeful, Alaje would, however, want the government to do everything within its power to sustain the ‘little gains’ it had recorded in the area of currency stability.

“One of the ways government can do that is to discourage the use of foreign currency during electioneering period. For instance, it should ensure there is no such exchange of foreign currency either for delegates, or any other politically-exposed persons as the elections in 2027 draw nearer,” he stated.

The renowned economist warned that ignoring such warnings would again put pressure on the dollar, and ‘evaporate’ whatever gains had been made in the area of currency stability.

Redoil:
no be me talk am oooooooooooooooo.

.

only on paper.

“The little amount of money I made while running my business was enough to handle most of my needs, then. Now I earn more here, since the wages have been reviewed, but despite that, that amount can only get me about one-third of the items I was earning then could get me. Until we begin to see the effects of these reforms, positively, it would be foolhardy for us to celebrate,” he stated.

Adesuyi believed Ajayi’s comments captured those of many Nigerians presently living below poverty line. He would want the government to be intentional in ensuring this class of Nigerians is taken out of poverty.

One of the ways, he explained, is to strengthen the naira, since the nation’s present economic woes, he stated, had to do with the declining fortunes of the nation’s currency.

While charging Nigerians on the need to be hopeful, Alaje would, however, want the government to do everything within its power to sustain the ‘little gains’ it had recorded in the area of currency stability.

“One of the ways government can do that is to discourage the use of foreign currency during electioneering period. For instance, it should ensure there is no such exchange of foreign currency either for delegates, or any other politically-exposed persons as the elections in 2027 draw nearer,” he stated.

The renowned economist warned that ignoring such warnings would again put pressure on the dollar, and ‘evaporate’ whatever gains had been made in the area of currency stability.

The best way to continually strengthen the naira is to reduce inflation and one sure way of reducing inflation is to reduce M2 money supply (growth of naira supply into the system either via borrowings, economic expansion (lesser effect), or printing).

Our recent problem with the naira started in 2020 when due to the pandemic, we increased money supply by 31.8% (one of the highest increase in decades). That was when the parallel market began to deviate from the official market again (first time then since 2017). At that time, the CBN didn’t allow the naira float to reflect the drastic increase in M2 money supply. They would have done it eventually anyway.
This was postponed until 2023 when the naira was floated. The problem is that as at the time it was floated (2023), we had serious scarcity of FX already such that by September 2023, our letters of credit for imports were being rejected because the forex backlogs kept growing. We also had problems meeting our budget without the CBN printing new naira into the system (ways and means). The CBN continued to print until the end of 2023 to meet up the budget (7 trillion naira was printed in FY2023 by both Buhari and BAT to meet up the budget and pay salaries). So this was double jeopardy and it meant except we borrow heavily at once (in dollars), the parallel market would continue to go haywire at a faster rate. But we had very little external options for fast borrowing, so the CBN had to float again in early 2024 (from 800 to the parallel market rate of 1400) to at least trap some of the remittances and direct them into the official market and allow FPI’s flow in again (they were going down throughout 2023).

This is how we got to where we are. In 2025, this situation has gotten way better. Our year to date money supply has reduced significantly from over 40% in 2023 and 2024, to 15.78% as of June 2025. This is why the naira is not depreciating fast in 2025 like we saw in 2023 and 2024.

MeezPat:
If we already pay taxes as workers to our state of residence tax boards and have the state TIN, in this case, LIRS. please do we still need TIN. Thought this should have been harmonized

i think so. Many people at the lower class will be doing business, on cash payments ONLY. avoiding the banks, means zero tax exposure... my thoughts on the new tax law for individuals to have a TIN

Also, I think 🤔 with TIN the relevant tax authorities can pull up your bank statement and aggregate your income and no more tax invasion. It should be done retrospectively 10years and use to off set ALL national debt.

https://x.com/i/spaces/1yoKMPnQOqOxQ

The previous link broke. Discussing data analytics on the NGX using infoware. Space will run till 6pm WAT.

https://open.spotify.com/episode/1On35tKAWY4xsodzkvawFh

A couple of stocks I'd be watching in this week's trading session on the NGX.

zendi:
That your Private Island vacationing is beginning to intoxicate and delude again;

Sotey you dey receive UBA loot that does not exist, and feeling good about it.

I guess he sold UBA at a huge profit

emmanuelewumi:
I guess he sold UBA at a huge profit

EDUECO has switched back to SpaceX account
NB: he said "it feels good to be me".
Still shocked you guys aren't able to notice the similar writing styles. It's one and the same dude

https://www.youtube.com/watch?v=5kVsk_afJSM

A few stocks I'd be watching closely in today's trading session on the NGX.

SonofElElyonRet:
EDUECO has switched back to SpaceX account
NB: he said "it feels good to be me".
Still shocked you guys aren't able to notice the similar writing styles. It's one and the same dude

Well if EDUECO and Space X is one and the same person, wonder why he is having a double face. His EDUECO handle he talks as if he is into Banking stocks big time. While as Space X, he sounds like a novice investor who is just on the thread to catch fun or should I say for the cruise. He should be the only one that knows the reason of having a double identity.

emmanuelewumi:
I guess he sold UBA at a huge profit

That guy na G-guy oooooo

The Dangote Group has announced that its Dangote Petroleum Refinery will commence direct supply of petrol (PMS) to 11 states starting Monday, September 15, 2025.

The disclosure was contained in a press release issued via the Group’s official X account on Thursday.

Retail pump prices for the initial states are N841 per litre for Lagos, Ogun, Oyo, Ondo, Osun, and Ekiti, and N851 per litre for Abuja, Delta, Rivers, Edo, and Kwara.

Visit www.nairametrics.com to read more.