₦airaland Forum

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.

When some people are just foot soldiers to the oga at the top.They will say he is not aware of what is happening.
Watin give u liver to announce such if u know oga go vex.This is something u know can affect the economy he claims he is trying to build.
Make una leave matter

leo1234:
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/

FUGAZP Loading.....

KarlTom:
...

Tell them Ooooo...
My blood dey hot.

Welcome from sabbatical.

Streetinvestor2:
When some people are just foot soldiers to the oga at the top.They will say he is not aware of what is happening.
Watin give u liver to announce such if u know oga go vex.This is something u know can affect the economy he claims he is trying to build.
Make una leave matter

Oh come on, PENGASSAN have gone on strike several times under this Govt and also gave ultimatum to their members to halt activities over dispute with NNPC at some point.

Are you saying PENGASSAN now works for Tinubu? Really?

https://sweetcrudereports.com/pengassan-shuts-down-oml18-operations-over-labour-dispute-with-nnpcl-subsidiary/

emmanuelewumi:
Sorry for this question, how old were you in 1993

I left law school in 1993. Don't see the relevance of your question to mine.. in specific terms , how did kokori "destroy" the refineries because I'm only aware he and NUPENG went on strike. Don't deflect!

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

Hearsay evidence. No such accusation was brought against Kokori while alive, when he could defend himself. Why didn't your so called journalist friend run a story on the damage to the refineries by kokori / NUPENG? Is there any news article by any journalist or any allegation to that effect? Quote source. Will believe if presented with hard evidence, not hearsay "he said, she said".

unite4real:
If everything is sold in 2026, then CGT should be on the N20 million gain. But if the sales are staggered with gains from each sales less than N10 Million for each year then no CGT. Or if the sales were immediately reinvested within the same year then no CGT.

This is all I personally like to confirm.

SonofElElyonRet:
I left law school in 1993. Don't see the relevance of your question to mine.. in specific terms , how did kokori "destroy" the refineries because I'm only aware he and NUPENG went on strike. Don't deflect!

Went on strike shut down the 3 refineries in the country and stop crude oil production for export. That was an act of economic sabotage

Knowing fully well that the then leader of the country late General Sanni Abacha was brutal and could arrest all the union leaders then force the workers to resume work. So they ensured even if they were arrested and forced to work, production at the refineries would not resume

Abacha eventually arrested NUPENG leaders, Kokori was in custody for over 4 years and was released after the death of Abacha

When the union leaders were arrested, the union was banned. Workers were forced to call of the strike and to resume production at the refineries. Unfortunately the refineries were not functional again, used to be 50% functional prior to this. And could still.meet most of the domestic demands at that time

That was the beginning of endless Turn Around Maintenance plus repairs that never improved anything ar the refineries and total dependence of the importation of petroleum products.





What a crazy and wicked mechanic needed to do is to just pour sand in the place you pour engine oil in your car and that is the end of your car engine.

No matter the repairs on the engine,you will have to get another engine.


Till tomorrow our national refineries can't be productive and profitable until we get a new one

GeneralDae:
Oh come on, PENGASSAN have gone on strike several times under this Govt and also gave ultimatum to their members to halt activities over dispute with NNPC at some point.

Are you saying PENGASSAN now works for Tinubu? Really?

https://sweetcrudereports.com/pengassan-shuts-down-oml18-operations-over-labour-dispute-with-nnpcl-subsidiary/

I guess he was referring to petroleum products importers who have made a fortune from it for about 30 years and are hell bent on ensuring the status quo temained

On CGT
CGT is simply tax payable on capital gains.
CapitalGain = SaleProceeds - CostofAcquisition,
(where sales proceeds > cost).

Ordinarily, when an asset/investment is bought at say N100, and later sold at say N250, a capital gain (CG) of N150 has been realized, not minding how long or short the asset was held. The key variables are COST (i.e. units multiplied by purchase price) and SALE PROCEED (i.e. units multiplied by selling price). A selling must occur to realize CG. The value of the asset (up or down) within the holding period is irrelevant to determine CG.

If X invested N10m to buy 1million Presco shares in 2010, and decides to sell all at N1500 per share price in 2026, a CG of N1.49b is realized upon which CGT is chargeable. Assuming Presco did a 1 for 1 bonus in say 2015, meaning X now has 2million units and goes ahead to sell the 2million units in 2026 at N1500 per share, a CG of N2.99billion is realized. Note that the bonus comes at zero cost to the investor so the COST of the investment remained at N10m.

The new CGT effective 2026, has the threshold of N150m value and N10m profit and the reinvesting strategy which should be of note to the investor, not sentiments like how long he's held the investment, etc.

Strategies should be assessed on how to reduce or avoid (not evade o) the CGT burden going forward if the investor plans to sell his investments and take out proceeds for other uses. A free one here: from the Presco example above, sell the shares this year, buy back same investment sometime next year and your relevant COST going forward would be the cost of acquisition next year which would be a far cry from your initial N10m cost many years ago.

toyeoye:
🟢 Market is OPEN:
FTNCOCOA has joined Chellaram at the ceiling (+10%). Follow-through bids in Learn Africa, REGALINS, Aradel, CWG, Jaiz Bank, while pockets of red (e.g., NAHCO) linger. ARADEL is hot!!!
Watch the moves tick-by-tick on StockBubbles. 📈👀

Learn Africa dividend received.

Streetinvestor2:
What yr can kpakus hit 14 billion revenue...no answer
Are u a learner.
Did top up on sugar and oando today...small afolabi units
I for like pick extra units on chams right but don't want case of return of capital after waiting.

https://thewhistler.ng/chams-extends-rights-issue-trading-by-10-working-days/

Now that Chams Rights Issue has officially closed at the new deadline, what next?
Which date will the new shares be credited into the account of those who subscribed for their Rights?

chimex38:
FUGAZP Loading.....

Loading ? I don't understand what you mean :

And why FUGAZP, what is P doing in FUGAZ ? Are you now telling me that Providus is now a first-tier bank ?

kintus:
JAPAULGOLD
CILEASING
Lasaco
AIICO

Make September a memorable month for your investors.

Iseeee

https://punchng.com/lasaco-assurance-shareholders-fund-surges-84/
Is Lasaco on its way up, or on its way down?

DelilahMakinde:
Monday

Guinness

Access holdings

Bonus:

McNichols

https://investorsking.com/2025/09/26/ngx-rebounds-0-31-as-market-capitalisation-hits-%E2%82%A689-34tn/

From section 33(1) of the new tax specifically mentioned gains realised within the year of assessment.

There is no retrospective application of the year. Stock opening from the year of assessment will be used.

[qquote author=awesomeJ post=136931178]For whatever reasons NGX didn't stream the session with Mr Taiwo yesterday.

However, I have good news:

Straight from the official gazette:


1. Our loots are never taxable as long as we reinvest, only the univested portions are chargeable gains.
That's the part relevant to me 😁😁😁


2. The 150m and N10m gains thresholds are there too. [/quote]

Providus Becomes 9th Largest Bank By Assets as It Combines with Unity Bank

https://www.thisdaylive.com/2025/09/27/providus-becomes-9th-largest-bank-by-assets-as-it-combines-with-unity-bank/

Dangote: PENGASSAN To Embark On Nationwide Strike On Monday

https://news360ng.com/breaking-pengassan-declares-nationwide-strike-says-no-man-is-bigger-than-our-country/

Dangote Refinery Backtracks, Resumes Petrol Sales In Naira

https://news360ng.com/dangote-refinery-backtracks-resumes-sales-of-pms-in-naira/

Frangel:
On CGT
CGT is simply tax payable on capital gains.
CapitalGain = SaleProceeds - CostofAcquisition,
(where sales proceeds > cost).

Ordinarily, when an asset/investment is bought at say N100, and later sold at say N250, a capital gain (CG) of N150 has been realized, not minding how long or short the asset was held. The key variables are COST (i.e. units multiplied by purchase price) and SALE PROCEED (i.e. units multiplied by selling price). A selling must occur to realize CG. The value of the asset (up or down) within the holding period is irrelevant to determine CG.

If X invested N10m to buy 1million Presco shares in 2010, and decides to sell all at N1500 per share price in 2026, a CG of N1.49b is realized upon which CGT is chargeable. Assuming Presco did a 1 for 1 bonus in say 2015, meaning X now has 2million units and goes ahead to sell the 2million units in 2026 at N1500 per share, a CG of N2.99billion is realized. Note that the bonus comes at zero cost to the investor so the COST of the investment remained at N10m.

The new CGT effective 2026, has the threshold of N150m value and N10m profit and the reinvesting strategy which should be of note to the investor, not sentiments like how long he's held the investment, etc.

Strategies should be assessed on how to reduce or avoid (not evade o) the CGT burden going forward if the investor plans to sell his investments and take out proceeds for other uses. A free one here: from the Presco example above, sell the shares this year, buy back same investment sometime next year and your relevant COST going forward would be the cost of acquisition next year which would be a far cry from your initial N10m cost many years ago.

You know road
And it's a common sense


Good news to buyers of public offer and right issue though

If you buy public or right issue this year at 10 and the stock gone to 30 before the right or public reflect on your account

If the stock is at 30 by the time it got to your account
You bought at 30 not the 10
You might even let it come down below 30 before you sell to make it a losing trade

Note this one very well

Buy your right and public offers

Sell your gaining stocks

Champion Is coming
Tip is coming
Vfd
Presco
Ellah
Nb
INTBREW

Lots of fundamentally sound stocks
Just don't sleep on it
It's going to happen
And that exactly the way it's going to play out

kalkah:
From section 33(1) of the new tax specifically mentioned gains realised within the year of assessment.

There is no retrospective application of the year. Stock opening from the year of assessment will be used.

[qquote author=awesomeJ post=136931178]For whatever reasons NGX didn't stream the session w
However, I have good news:

Straight from the official gazette:


1. Our loots are never taxable as long as we reinvest, only the univested portions are chargeable gains.
That's the part relevant to me 😁😁😁


2. The 150m and N10m gains thresholds are there too.

ith Mr Taiwo yesterday.



"For whatever reasons NGX didn't stream the session
However, I have good news:

Straight from the official gazette:


1. Our loots are never taxable as long as we reinvest, only the univested portions are chargeable gains.
That's the part relevant to me 😁😁😁


2. The 150m and N10m gains thresholds are there too. [/quote]ith Mr Taiwo yesterday. "




That was my conclusion all along until people started rampaging up and down confusing the narratives
I think you're right on these
That's the way America market works too

But to make it happen
We must not withdraw from our trading account to our bank account and we re good to go
Correct

And anything withdraw from our trading account to our bank account will be charged accordingly 10m 150m ish

This should be it, shouldn't it


That means you can buy or sell as often as you wish
You can turn your portfolio as you wish
You can bring more money as much as you like
However you are not allowed to withdraw in to your bank account from your trading account after sales otherwise you'll be charged accordingly.


I think that should be what the whole game is all about.

So don't bring the money you're going to withdraw back in to your bank account in to stocks
Especially above 150m/ 10m threshold withdrawal after sales and realizable gains of the threshold.

Guys you now have it

I think we are fine with it and we are good to go


Case closed

Lofty1000:
ith Mr Taiwo yesterday.



"For whatever reasons NGX didn't stream the session
However, I have good news:

Straight from the official gazette:


1. [b]Our loots are never taxable as long as we reinvest, only the univested portions are chargeable gains.
That's the part relevant to me 😁😁😁


2. The 150m and N10m gains thresholds are there too. [/b]ith Mr Taiwo yesterday. "




That was my conclusion all along until people started rampaging up and down confusing the narratives
I think you're right on these
That's the way America market works too

But to make it happen
We must not withdraw from our trading account to our bank account and we re good to go
Correct

And anything withdraw from our trading account to our bank account will be charged accordingly 10m 150m ish

This should be it, shouldn't it


That means you can buy or sell as often as you wish
You can turn your portfolio as you wish
You can bring more money as much as you like
However you are not allowed to withdraw in to your bank account from your trading account after sales otherwise you'll be charged accordingly.


I think that should be what the whole game is all about.

So don't bring the money you're going to withdraw back in to your bank account in to stocks
Especially above 150m/ 10m threshold withdrawal after sales and realizable gains of the threshold.

Guys you now have it

I think we are fine with it and we are good to go


Case closed

So if I invest N100m and I make 20m, does that trigger the 10m threshold?

“The new regime introduces progressive taxation, where gains are taxed based on the payer’s income band, similar to practices in the U.S., U.K., South Africa, Ghana, and Brazil.”

According to Oyedele, the revised system now allows capital gains to be taxed on a net gains-and-losses basis, with reinvestment relief retained to encourage continuous investment in the market”.

https://nairametrics.com/2025/09/27/capital-gains-tax-will-boost-investor-confidence-taiwo-oyedele/

kalkah:
From section 33(1) of the new tax specifically mentioned gains realised within the year of assessment.

There is no retrospective application of the year. Stock opening from the year of assessment will be used.
. [/b]

This is the simple truth and Straight
All other narrative of going back 10 yrs or even when nigeria got independence is balablu.
Thr was laws concerning those yrs and has lapsed with the new law.I hope u equally know that some people may have paid CGT for some of this past yrs.The law for the past yrs has been applied and forgotten. Everything starts on new ground and that was why January 1 2026 was mentioned in the new law.
If u feel they will go for past yrs gains will they equally allow u to bring forward loses of past yrs as many of us have them in businesses that have closed shop,bought over,dormant on ngx etc.I personal have many school fees paid in the past.Will they accept it if I now bring it forward for reconciliation at dollar value then

Agbalowomeri:
So if I invest N100m and I make 20m, does that trigger the 10m threshold?

Yes u have crossed the 10 million gain mark

Agbalowomeri:
So if I invest N100m and I make 20m, does that trigger the 10m threshold?

Oh yes. You will pay CGT.

If you reinvested everything within the year, you will not be taxed.
If you reinvested and cashed out just N1 Million out of all the proceeds, you will be made to pay CGT on the N1 million.

GeneralDae:
“The new regime introduces progressive taxation, where gains are taxed based on the payer’s income band, similar to practices in the U.S., U.K., South Africa, Ghana, and Brazil.”

According to Oyedele, the revised system now allows capital gains to be taxed on a net gains-and-losses basis, with reinvestment relief retained to encourage continuous investment in the market”.

https://nairametrics.com/2025/09/27/capital-gains-tax-will-boost-investor-confidence-taiwo-oyedele/

Stockbrokers will be cash-rich

From the law every first day of new yr of assessment becomes ur opening cost for the yr to be assessed....simple
Then if u have loss that has been filled by the previous yr and captured by the system can be brought forward .This is equally as CGT must have been paid for the past yr if declared.
This could work in agba favour. Buy in November and sell next yr if u are sure nov / dec ca n deliver ur gain not going into the next yr u then cash out next yr with little CGT.
If na January come deliver the major gain u don buy market..lol

jonnysessy:
Loading ? I don't understand what you mean :

And why FUGAZP, what is P doing in FUGAZ ? Are you now telling me that Providus is now a first-tier bank ?

Not yet really. Just hoping it's coming back bigger and better to compete.

Streetinvestor2:
From the law every first day of new yr of assessment becomes ur opening cost for the yr to be assessed....simple
Then if u have loss that has been filled by the previous yr and captured by the system can be brought forward .This is equally as CGT must have been paid for the past yr if declared.
This could work in agba favour. Buy in November and sell next yr if u are sure nov / dec ca n deliver ur gain not going into the next yr u then cash out next yr with little CGT.
If na January come deliver the major gain u don buy market..lol

chimex38:
Not yet really. Just hoping it's coming back bigger and better to compete.

Just dey watch #3 mark They will try push it to that level now.Then many japa go happen. It will be fluctuating around #3/3.50 for long like many in that category..it is not just about assets. It is how much u can create from the asset in that sector

Guys in respect to the discussion on tax... See below excerpts. The link is also included. Take note of the statement "no blanket exemption for long term holdings". I think lofty 1000 and unite4real are right. Street and Emma listen to the words of wisdom. This government is looking for money by all means and them no send our feelings or emotions...

Key changes include the retention of the 30 per cent Corporate Income tax (CIT) rate. Capital Gains Tax (CGT) thresholds have been raised: proceeds from share disposals under ¦ 150 million annually are now exempt, up from ¦ 100 million per the Finance Act, and gains not exceeding ¦ 10 million in any consecutive 12-month period are also exempt. Notably, there is no blanket exemption for long-term holdings, which is designed to incentivize IPO participation. Withholding Tax (WHT) regulations have been harmonized to clarify qualifying transactions and streamline compliance, though rates for foreign investors remain unchanged. Any future reduction would require separate legislative action.

https://www.vanguardngr.com/2025/09/brace-for-risks-under-new-tax-laws-experts-tell-financial-institutions/