₦airaland Forum

Streetinvestor2:
Is this the new angle u want to use to call bear for the remaining months for the yr..lol
So the company started selling thr holdings because of CGT.
Then again how about the entity that bought will they equal leave before next yr
Na people like u suppose dey worry about the scam tax.The government is out to chop from ur type.Buy in November and pay the government 25% in December simple no wahala

Agbalowomeri:
Seems we won't escape bears towards year end with this tax issues

Most players aren't just gonna exit na, so we should be good.

Even ACA, If they plug the proceeds back to FIDELITY or SEPLAT, Their gains won't be tax chargeable.

awesomeJ:
Most players aren't just gonna exit na, so we should be good.

Even ACA, If they plug the proceeds back to FIDELITY or SEPLAT, Their gains won't be tax chargeable.

Yeah most big players would likely reinvest and that’s the aim actually.

This is the time we know if this government actually wants to save Nigeria or not. It's time to ban PENGASSAN. If they stop crude oil supply to Dang refinery, the refinery will simply import from other countries and Una Naira go carry the consequences except if they don't want the Naira to appreciate.

Mpeace:
This is the time we know if this government actually wants to save Nigeria or not. It's time to ban PENGASSAN. If they stop crude oil supply to Dang refinery, the refinery will simply import from other countries and Una Naira go carry the consequences except if they don't want the Naira to appreciate.

What has this union turned into bayi

GeneralDae:
Yeah most big players would likely reinvest and that’s the aim actually.

Yes sir.

Agbalowomeri:
What has this union turned into bayi

Terrorists and economic saboteurs

Your employer got a 10 year contract to supply a major customer, yet the workers want to frustrate the agreement.


Where do you want your employer to get funds to pay your salaries and run the business?

The customer can sue your employer for breach of contract.

They have also stopped supply of crude, meaning he will have to rely on foreign supplies.

Reason why the company stopped receiving payments in Naira

pluto09:
https://techcabal.com/2025/09/22/nigeria-tax-reform-vs-kenya-model/

You all are always quick to compare... yet they have a working government and we don't. Have been in kenya for years now and you can actually see what the Governement is doing with the taxes.. yet in Nigeria the case is different, all they do is steal. They claim they got more revenue after subsidy removal yet can't point to one reasonable thing they have done... just more taxes and money for them to steal.

jonnysessy:
Please can anyone tell me why Fidelity bank fell like a pack of cards today. Lost maximum 10% today (i didn't see this coming).I am suspecting difficulties in meeting this recapitalization exercise. If they can't do it alone, it is better to merge with bank on the same cadre or better still jettison the international license. But, if it allow itself to be acquired it will be a different story. It is better to make hay when the sun shines. If they leave it for last minute they will just enter any agreement anyhow. ( My layman understanding )

check the levels and know when to add more....havent looked wt it but it may be an opportuinity ...dyor

emmanuelewumi:
Terrorists and economic saboteurs

If let unrestricted, PENGASSAN will transfer dangote refinery into the list of Nigeria's many failed refineries.

Mpeace:
If let unrestricted, PENGASSAN will transfer dangote refinery into the list of Nigeria's many failed refineries.

NUPENG led by Kokori and PENGASSAN destroyed the refineries in 1993 during the June 12 crisis

There are unconfirmed report that some Nigerian workers tried burning down some section of the refinery this week, which led to the action taken by the company.

55% of the crude supply is currently gotten locally, while 45% are imported.

vizboy:
You all are always quick to compare... yet they have a working government and we don't. Have been in kenya for years now and you can actually see what the Governement is doing with the taxes.. yet in Nigeria the case is different, all they do is steal. They claim they got more revenue after subsidy removal yet can't point to one reasonable thing they have done... just more taxes and money for them to steal.

What do u expect if one is benefiting from the corruption/looting happening in the government

emmanuelewumi:
NUPENG led by Kokori and PENGASSAN destroyed the refineries in 1993 during the June 12 crisis

There are unconfirmed report that some Nigerian workers tried burning down some section of the refinery this week, which led to the action taken by the company.

55% of the crude supply is currently gotten locally, while 45% are imported.

What the hell.Then alhaji has to sack many and stand his ground on no union in his business.
If they push him he should stop of refined products locally. The government will not act now by arresting the Union leaders and ban the group.They add no value in the whole business chain to the consumers

Streetinvestor2:
What the hell.Then alhaji has to sack many and stand his ground on no union in his business.
If they push him he should stop of refined products locally. The government will not act now by arresting the Union leaders and ban the group.They add no value in the whole business chain to the consumers

All these might also be caused and financed by importers

My opinion though

emmanuelewumi:
That should be the logical thing to do. The application should not be retrogressive.

The price of those stocks from 1st January 2026 should be assumed as the purchase price...

Assuming Presco is N1500 on the 1st of January 2026. 100k units will be worth N150 million.

If the investor sells all his holdings in December 2026 at N2500 per share or got approximately N250 million from the sale. Then he will pay CGT on the N100 million profit.


I am of the opinion that they also need to give allowance for inflation. A good investment ought to hedge inflation

Exactly on point.
Otherwise, it's better to sell at current Price(CP) and reinvest gains of 50%, 100%,200%,500%,2000% etc at the same CP so the supposed "taxable gains" become part of your Capital for the stock..
QED.

Lofty1000:
If you watch the video very well
The guy say that they work closely with broker and will get all your information from them

It's possible to work with brokers no doubt but it's much easier with banks in Nigeria.
That's usually the rule.

Nevertheless, he was specifically quoting crypto exchanges cuz users think they can bypass Nigerian banks and thus the tax system from @1hr 44min 10sec.


I don't think he mentioned working closely with brokers to check portfolio.
Please quote the timeframes in that video please.

chimex38:
It's possible to work with brokers no doubt but it's much easier with banks in Nigeria.
That's usually the rule.

Nevertheless, he was specifically quoting crypto exchanges cuz users think they can bypass Nigerian banks and thus the tax system from @1hr 44min 10sec.


I don't think he mentioned working closely with brokers to check portfolio.
Please quote the timeframes in that video please.

He can not work with brokers
If u sell a stock and the money has not left ur broker account to ur bank account. It can not be seen as money leaving and won't be considered as gain yet.It is believed the money is still thr for reinvestment which is exempted from CGT
It is only when money hits ur bank account it can be scrutinized for gains.

unite4real:
This form of rebasing is the most appropriate thing to do. I have a feeling that this CGT matter will end up in court because from all the webinars I have attended and enquiries I have made, the CGT is retrospective which is a terrible decision by the authors

I don't think it will be retrospective.

If you watch that video initially shared by @Yemy3m
Specially from 1hr:29:18 to 1hr:31:18

to buttress same point again, he mentioned it in crypto again @ 1hr:44:10sec.

He specifically mentioned:
Net Gain(Gain-Loss) within a calender yr is what will be taxed as against this current old system of taxing only gains.
So they can't possibly tax your current percentage gain in isolation..

Even if the would go back in years like 5yrs (which is highly unlikely), they will have to NET your current gains from your accumulated losses in each of those years for fairness...
But like I said, it's highly unlikely to follow this route

Streetinvestor2:
He can not work with brokers
If u sell a stock and the money has not left ur broker account to ur bank account. It can not be seen as money leaving and won't be considered as gain yet.It is believed the money is still thr for reinvestment which is exempted from CGT
It is only when money hits ur bank account it can be scrutinized for gains.

exactly. it makes reinvestment proceeds meaningless..
I have pointed it out to him.

I just want to grant him the benefit of doubt

emmanuelewumi:
NUPENG led by Kokori and PENGASSAN destroyed the refineries in 1993 during the June 12 crisis

There are unconfirmed report that some Nigerian workers tried burning down some section of the refinery this week, which led to the action taken by the company.

55% of the crude supply is currently gotten locally, while 45% are imported.

How so?

https://www.youtube.com/watch?v=Z53zw75eQio?si=q5QB8hCZWW5qXCkH

Thoughts on Sterling Holdco public offer

SonofElElyonRet:
How so?

Sorry for this question, how old were you in 1993

A journalist friend with the defunct National Concord newspaper, he covered labour union activities informed that an insider in the union reliably informed him that what the workers did to the 3 refineries they can never be productive again and if repaired can't be profitable for the owners.


Since mid 90s after the crisis, we relied on importation for local consumption

emmanuelewumi:
A journalist friend with the defunct National Concord newspaper, he covered labour union activities informed that an insider in the union reliably informed him that what the workers did to the 3 refineries they can never be productive again and if repaired can't be profitable for the owners.


Since mid 90s after the crisis, we relied on importation for local consumption

What PENGASSAN just did is not different from what gave rise to the declaration of state of emergency in Rivers state. Why take such decision that threaten the supply of petroleum products and the economy as a whole. They took it too far. Lets see how the government react.

Mpeace:
What PENGASSAN just did is not different from what gave rise to the declaration of state of emergency in Rivers state. Why take such decision that threaten the supply of petroleum products and the economy as a whole. They took it too far. Lets see how the government react.

Some of the entities behind the doom of the petroleum industry in Nigeria are gradually showing their ugly faces. Until the masses rise up against these demi gods who are bent on holding down the system from moving forward, they will keep doing neck pressing and dancing to the tunes of their paymasters who are angry about subsidy removal and the stoppage of importation of refined products.
Enough should be enough

Chai

No surprises here
Govt policy is for international facelift . Actual reality is at grassroots ...
This pengassan v dangote issh is a sad pointer to those who actually run the show

megawealth01:
Chai

...

Providus becomes 9th largest bank after merger with Unity bank


https://businessday.ng/banking/article/providus-becomes-9th-largest-bank-after-merger-with-unity-bank/