₦airaland Forum

PETERiCHY:
DING since 10.01 am

1hour later no COMMENT

What BEAR cannot do does not EXIST ,

Even the DING man don vacate

GeneralDae:
What’s your opinion on cardinal stone (if you’ve had experience with it)?

My number one broker.
Best among all brokers
Just that the brokerage fees is higher than that of Morgan and Atlas.

If there should be capitalization among the brokers tomorrow,cardinalstone stands gidigbam.No shaking

See how billionaires roll

ogawisdom:
See how billionaires roll

see all d boyz frm d yeast dey jump upandan
cheast beating don begin

meanwhile

dark is comin

Agbalowomeri:
Even the DING man don vacate

Even the DING man replacement came late

Well what we are witnessing is the beginning of CGT BEAR.
If you know you know

BARGAIN HUNTERS TAKE NOTE!

Agbalowomeri:
Even the DING man don vacate

Na wa for wahala

PETERiCHY:
Even the DING man replacement came late

Well what we are witnessing is the beginning of CGT BEAR.
If you know you know

BARGAIN HUNTERS TAKE NOTE!

The capital gain tax nonsense by this govt is what would kill this NGX if care is not taken.
Revenue to govt has quadrupled but they still have nothing to show for it, yet they want to steal from investors through CGT

Agbalowomeri:
Even the DING man don vacate

EDUCO, KARITOM. DING man to mention but few have all gone on French leave and it's not winter yet

mikeapollo:
The capital gain tax nonsense by this govt is what would kill this NGX if care is not taken.
Revenue to govt has quadrupled but they still have nothing to show for it, yet they want to steal from investors through CGT

They need to bear in the risk too. If I make a 100m, dem go collect 25. If I lose 50m, I should be able to write it into future tax otherwise it doesn't make sense

Agbalowomeri:
They need to beat in the risk too. If I make a 100m, dem go collect 25. If I lose 50m, I should be able to write it into future tax otherwise it doesn't make sense

Sounds great and could work as a kind of tax rebate.

PETERiCHY:
EDUCO, KARITOM. DING man to mention but few have all gone on French leave and it's not winter yet

I am sorry to tell you there is no winter this year.The worst time of our stock market is August/September.
Stocks are getting ready for October to December rally.

I can see the market will send you and Agba on refreshment course.Una don dey outdated.

Insurance stocks is leading us on a strong bull in this coming last quarter of 2025.
Take note and reserve some cash to participate

Agbalowomeri:
They need to bear in the risk too. If I make a 100m, dem go collect 25. If I lose 50m, I should be able to write it into future tax otherwise it doesn't make sense

Ideally, that should be it.
But I strongly doubt if it would be like that. How about those who had been making losses for years and not yet recovered? And even making a paltry N150m gain in a year taxable.
I just hope the law would not take effect or be implemented because it would cause huge capital flight from NGX and the country at large.

mikeapollo:
Ideally, that should be it.
But I strongly doubt if it would be like that. How about those who had been making losses for years and not yet recovered? And even making a paltry N150m gain in a year taxable.
I just hope the law would not take effect or be implemented because it would cause huge capital flight from NGX and the country at large.

They also pay Capital Gain Tax in advanced markets.


I don't think you will be subjected to CGT if you sell after a year

Agbalowomeri:
They need to bear in the risk too. If I make a 100m, dem go collect 25. If I lose 50m, I should be able to write it into future tax otherwise it doesn't make sense

YOU CAN IMAGINE.

If I do JIJO and make profit, FG will be willing to share the LOOT with me.

Meanwhile if I do JIJO and make loss. FG wont be willing to bear the BRUNT with me

NOW TELL ME WHO IS FOOLING WHO

Is it not better i carry my KAYA go start crayfish business for Oron

emmanuelewumi:
They also pay Capital Gain Tax in advanced markets.
I don't think you will be subjected to CGT if you sell after a year

Lol
You want to start comparing us with advanced markets? Please don't start.

Are they going to isolate each stock one sells and calculate N150m gain on each one separately, or they would put everything in a basket and calculate N150m gain?

Agba, abeg is onado not more a junk stock.
I just want confirm something.

Too much silence dey make person deaf o. Prophet, abeg speak.

omo
dis cgt na serious matta oo
e get d powar to collapse d whole ngx d way man ding oo dey collapse yankee babes
best to sell everythin dis year and watch wetin dem wan do us next year
even in advanced kontry dis tax no dey pass 10%
dem wan finish us pata pata
dis i hav seen

mikeapollo:
Lol
You want to start comparing us with advanced markets? Please don't start.

Are they going to isolate each stock one sells and calculate N150m gain on each one separately, or they would put everything in a basket and calculate N150m gain?

It is per security

emmanuelewumi:
It is per security

Funny govt.
We go see.

Divineability:
Too much silence dey make person deaf o. Prophet, abeg speak.

Long wait stresses the soul
Are you an Oandoite that believeth in the ''Prophet''?

MTN just scatter everywhere today.

Yes, small, small. We need hear prophecy.

mikeapollo:
Long wait stresses the soul
Are you an Oandoite that believeth in the ''Prophet''?

GeneralDae:
MTN just scatter everywhere today.

Funny enough it traded at some of the highest prices in weeks today.

I exited at between 419 to 429.

It didn't do above 420 for weeks until today.

When it seemed all was becoming well with it, voila 😁😁😁


We await another trip at 395 - 400.

September should still manage a marginal green close sha.

DANGCEM might also get UPdated soon!

awesomeJ:
September should still manage a marginal green close sha.

DANGCEM might also get UPdated soon!

I believe even MTN might rebound before the end of the month.

I previously mentioned the confusion surrounding CGT and how it is negatively affecting the market, though I was rebutted. I sincerely hope that the FG, CBN, NGX, and all other relevant bodies will come out to clearly explain how these policies will impact the market going forward. Sweeping issues under the carpet is no longer acceptable, as people are now more informed. This is my candid opinion.

kintus:
As part of what I think can help the market recover fast at a time like is further clarity on the tax proposal

Affirmation that such taxes won’t impact earnings significantly could offer relief, especially for banks.

Stanbic bank did well in their interim dividend.......

They collect 70% from banks forex gain without considering the shareholders in some of this.banks who have not been benefiting anything reasonable as dividend all this yrs.
That money would have given us some kind of special dividend.
Now they want to collect 25% as CG T after u have laboured mentally to make the gains.
They are not satisfied with the looting they are doing from other revenues.
Unless God is wicked to allow them beyond 2027.They will never see shishi from me from CGT if it means not trading on my portfolio till they leave office
If not that WHT is removed from source.They won't see it to collect from me..lol

kintus:
I previously mentioned the confusion surrounding CGT and how it is negatively affecting the market, though I was rebutted. I sincerely hope that the FG, CBN, NGX, and all other relevant bodies will come out to clearly explain how these policies will impact the market going forward. Sweeping issues under the carpet is no longer acceptable, as people are now more informed. This is my candid opinion.

I would dig further but I think I have heard Taiwo Oyedele say there are exemptions. The problem with information on this new tax laws generally is that people prefer to listen to influencers and non tax experts and then ignore Taiwo and the FIRS guys who are all over the place answering questions and explaining.

“There is an exemption threshold raised: for sale of shares in Nigerian companies, the gross proceeds threshold is now ₦150 million in any 12 consecutive months. 
Also, gains do not exceed ₦10 million in that period may qualify under the exemption”.
“For individuals, CGT continues but will be taxed at the individual’s applicable income tax rate (“progressive tax band”) rather than a flat 10%”.

GeneralDae:
I believe even MTN might rebound before the end of the month.

That company is funny joor.

You make N2.5trn in revenue, but only manage to keep N140bn as earnings, na so diesel cost

The employees are the actual ones enjoying more than the retail share holders.


Company that makes N100bn in revenue weekly, you still see them floating CPs of N100bn?

Like what's happening? For a company whose business is mostly prepaid??

They shouldn't be having any reasons for not halving their current finance cost.


I think DANGCEM is more likely to be Upgraded.

kintus:
I previously mentioned the confusion surrounding CGT and how it is negatively affecting the market, though I was rebutted. I sincerely hope that the FG, CBN, NGX, and all other relevant bodies will come out to clearly explain how these policies will impact the market going forward. Sweeping issues under the carpet is no longer acceptable, as people are now more informed. This is my candid opinion.

There's a session at the NGX in 46+ hours.

Mr Taiwo himself is coming to clarify things.

My own is sha for him to confirm that reinvestment clause.

With that, I won't have any business at all with CGT.