₦airaland Forum

Another excerpt from the link which is a concern.

While optimistic, experts warned of potential challenges in aligning tax authority infrastructure with market participant technology, particularly in the capital market. Mr. Saheed Bashir, MD of Meristem Stockbrokers Limited, shared concerns about the impact of the CGT increase from 10% to 30% for retail investors, which may initially affect liquidity and transaction frequency. However, he acknowledged that the long-term effect would likely see greater market participation from retail investors, especially if the gains are reinvested into Nigerian entities.

I think the link addresses most of the gray areas from experts. Its left for us to restrategise.

Agbalowomeri:
Stockbrokers will be cash-rich

The Nigeria Revenue service will also cash out big time from them

I wonder how many of us are contending that to keep reinvesting profits in order to escape the crushing taxes, after meeting the 150m/10m portfolio/gains threshold is a solution.
My question is, Is it not crazy after meting this threshold, only to keep reinvesting without withdrawing your gains for capital and recurrent expenditure?
After expending your physical and mental resources for years and having as much as 150m or more in your portfolio, yet, all you can do is, keep reinvesting! Reinvesting for whom? Do you have control over your life span? Why the hell were you investing in the first place? To invest in order to keep reinvesting?! Is this not a curse?
If I met this threshold, by Nigerian standard, I'm rich. So, how do I enjoy my money? Have I not been investing in order to enjoy the fruit of my labour?
We got to resist or find a way around this proposed obnoxious economic slavery.
I don't think leaving my money with the brokers and living in deprivation is the solution.

Toluway:
I wonder how many of us are contending that to keep reinvesting profits in order to escape the crushing taxes, after meeting the 150m/10m portfolio/gains threshold is a solution.
My question is, Is it not crazy after meting this threshold, only to keep reinvesting without withdrawing your gains for capital and recurrent expenditure?
After expending your physical and mental resources for years and having as much as 150m or more in your portfolio, yet, all you can do is, keep reinvesting! Reinvesting for whom? Do you have control over your life span? Why the hell were you investing in the first place? To invest in order to keep reinvesting?! Is this not a curse?
If I met this threshold, by Nigerian standard, I'm rich. So, how do I enjoy my money? Have I not been investing in order to enjoy the fruit of my labour?
We got to resist or find a way around this proposed obnoxious economic slavery.
I don't think leaving my money with the brokers and living in deprivation is the solution.

I don't want to believe that you have not exceeded that threshold of N150 million

Stockhunter:
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/

U have said nothing. They are going back to calculate CGT since nigeria got independence or what yr will be the starting point. Or u don't know thr are holdings as old as the ngx still operational. Tell me the starting point is what i want to hear if u feel I am not informed or emotional.
If i could have holdings of 25 yrs in my portfolio. Then thr are people of holdings as old as ngx
So they will be calculated as far back as 25 yrs.U want me to believe that rubbish. The two stock brokers I started with then have equally closed shop and I moved the stocks to new brokers. I have the cost price because I kept recorded documents for them.The cost price with the new broker is when it got transferred to them.I have ucapital bought at .90kobo but showing different thing in Morgan capital.

Toluway:
I wonder how many of us are contending that to keep reinvesting profits in order to escape the crushing taxes, after meeting the 150m/10m portfolio/gains threshold is a solution.
My question is, Is it not crazy after meting this threshold, only to keep reinvesting without withdrawing your gains for capital and recurrent expenditure?
After expending your physical and mental resources for years and having as much as 150m or more in your portfolio, yet, all you can do is, keep reinvesting! Reinvesting for whom? Do you have control over your life span? Why the hell were you investing in the first place? To invest in order to keep reinvesting?! Is this not a curse?
If I met this threshold, by Nigerian standard, I'm rich. So, how do I enjoy my money? Have I not been investing in order to enjoy the fruit of my labour?
We got to resist or find a way around this proposed obnoxious economic slavery.
I don't think leaving my money with the brokers and living in deprivation is the solution.

I think the suspicion is that for example, if you sell in December and you made a kill. You can reinvest in january or febr. make small gain or breakeven, then you can move your money because you will only report for the new year which you have made little profit. I hope this is correct understanding

Toluway:
I wonder how many of us are contending that to keep reinvesting profits in order to escape the crushing taxes, after meeting the 150m/10m portfolio/gains threshold is a solution.
My question is, Is it not crazy after meting this threshold, only to keep reinvesting without withdrawing your gains for capital and recurrent expenditure?
After expending your physical and mental resources for years and having as much as 150m or more in your portfolio, yet, all you can do is, keep reinvesting! Reinvesting for whom? Do you have control over your life span? Why the hell were you investing in the first place? To invest in order to keep reinvesting?! Is this not a curse?
If I met this threshold, by Nigerian standard, I'm rich. So, how do I enjoy my money? Have I not been investing in order to enjoy the fruit of my labour?
We got to resist or find a way around this proposed obnoxious economic slavery.
I don't think leaving my money with the brokers and living in deprivation is the solution.

Funny enough some of us have been doing what u stated because we have other active income and only enjoy dividend from stock. We still reinvest over 50% of the dividend back with additional capital. We saw it like rent income some families have held as old as nigeria. That is why I said they will only see WHT for people like me.We are building generational wealth on ngx and making room for dividend to enjoy. If u have target of 100 million dividend and above for retirement. I believe u will be alright in nigeria if God gives u grace of good health

emmanuelewumi:
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

Still no proof that they went beyond just striking and actually damaged the refinery except "dem say"

SonofElElyonRet:
Still no proof that they went beyond just striking and actually damaged the refinery except "dem say"

Smooth operators will destroy proofs or remove traces of it

emmanuelewumi:
Smooth operators will destroy proofs or remove traces of it

Defamation of the dead who can't defend himself.. emi o si nibe

unite4real:
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.

How do you reinvest? Can one DRIP (Dividend Re-Investment Plan)?

SonofElElyonRet:
Still no proof that they went beyond just striking and actually damaged the refinery except "dem say"

They whr suppose to announce it on media and go doing it with photographers...lol

Did I hear I left law school 93.
Make I look for trouble (93 set)

And u still be follow follow for ngx
Come join it with charge and bail lawyer..lol
Shot fired,I like trouble always
Oga u don old if is true

emmanuelewumi:
I don't want to believe that you have not exceeded that threshold of N150 million

Let forget all the noise about how people mention millions and billions here.
For someone starting out on his own as a salary earners without no inheritance from the parents, achieving a threshold of N150 million is not a joke.

Streetinvestor2:
Funny enough some of us have been doing what u stated because we have other active income and only enjoy dividend from stock. We still reinvest over 50% of the dividend back with additional capital. We saw it like rent income some families have held as old as nigeria. That is why I said they will only see WHT for people like me.We are building generational wealth on ngx and making room for dividend to enjoy. If u have target of 100 million dividend and above for retirement. I believe u will be alright in nigeria if God gives u grace of good health

That is because you still want to continue to
expand your portfolio aggressively.
Hopefully, my dividends would be enough to finance my capital and recurrent expenditure.
But unlike you, why should I continue to invest for generations yet unborn?😁

pluto09:
Let forget all the noise about how people mention millions and billions here.
For someone starting out on his own as a salary earners without no inheritance from the parents, achieving a threshold of N150 million is not a joke.

Even after doing it consistently for 25 years and above.


The problem is that in most cases we don't allow our winners to fly

Streetinvestor2:
They whr suppose to announce it on media and go doing it with photographers...lol

Did I hear I left law school 93.
Make I look for trouble (93 set)

And u still be follow follow for ngx
Come join it with charge and bail lawyer..lol
Shot fired,I like trouble always
Oga u don old if is true

You better be careful.

Na Senior Advocate of Nigeria oooooo

Toluway:
.
But unlike you, why should I continue to invest for generations yet unborn?😁

U want to flex ur Money ur self. Which is not bad
U don't want next of kin to use ur money do money na water.. lol

emmanuelewumi:
Even after doing it consistently for 25 years and above.


The problem is that in most cases we don't allow our winners to fly

You forgot that people have bills to pay. E no easy. Person don pass 50, have children to educate and winners dey run in the face of government salaries with no purchasing power

Agbalowomeri:
You forgot that people have bills to pay. E no easy. Person don pass 50, have children to educate and winners dey run in the face of government salaries with no purchasing power

It depends on why you investing. Some invest in order to retire early or build wealth.


You get a side hustle to pay bills, you invest because of your financial future and to age gracefully

Streetinvestor2:
U want to flex ur Money ur self. Which is not bad
U don't want next of kin to use ur money do money na water.. lol

Not like that. Even persons who are not related to me have been enjoying my money, even when I had much less than what I have now.
What I'm saying is that I would not continue to invest indefinitely.

Toluway:
Not like that. Even persons who are not related to me have been enjoying my money, even when I had much less than what I have now.
What I'm saying is that I would not continue to invest indefinitely.

I know I should continue to invest for the rest of my day sha, but there should be a limit.
Henceforth, I would be eating up all my dividends. Even if I have to be traveling to a Brazilian beach on vacation.

emmanuelewumi:
It depends on why you investing. Some invest in order to retire early or build wealth.


You get a side hustle to pay bills, you invest because of your financial future and to age gracefully

The scenario here is a civil servant senior Tolu

Toluway:
I know I should continue to invest for the rest of my day sha, but there should be a limit.
Henceforth, I would be eating up all my dividends. Even if I have to be traveling to a Brazilian beach on vacation.

U get what I am saying na only WHT dey go they chop.
All dividend will now be kept out of reinvest going forward instead na MMF or savings account e go dey for my flexing.
It equally requires rebalancing of portfolio too.
Thank God I started it earlier this yr with 8% targeted cash flow from investment portfolio

Streetinvestor2:
U want to flex ur Money ur self. Which is not bad
U don't want next of kin to use ur money do money na water.. lol

😁😁😁😁

Agbalowomeri:
The scenario here is a civil servant senior Tolu

You only need to start with a monthly investment of N26,500 per month 25 years ago, then increase your monthly investment by 10% every year under the assumption that your portfolio grows by an average of 15% for the next 25 years.

N150 million is possible

emmanuelewumi:
You only need to start with a monthly investment of N26,500 per month 25 years ago, then increase your monthly investment by 10% every year under the assumption that your portfolio grows by an average of 15% for the next 25 years.

N150 million is possible

Has NGX grown consistently for 15 years in the past 25 years? How much was minimum wage in year 2000? 26k then was more than 50% salary of almost all SENIOR civil servants.

Hypotheses are easier to formulate than practice

Agbalowomeri:
Has NGX grown consistently for 15 years in the past 25 years? How much was minimum wage in year 2000? 26k then was more than 50% salary of almost all SENIOR civil servants.

Hypotheses are easier to formulate than practice

Minimum wage for states in year 2000 was N5,500 and FG N7,500. Meaning 80% of civil servants wouldn't even earn above your proposed 26k

Streetinvestor2:
They whr suppose to announce it on media and go doing it with photographers...lol

Did I hear I left law school 93.
Make I look for trouble (93 set)

And u still be follow follow for ngx
Come join it with charge and bail lawyer..lol
Shot fired,I like trouble always
Oga u don old if is true

Not right upstairs

Agbalowomeri:
Has NGX grown consistently for 15 years in the past 25 years? How much was minimum wage in year 2000? 26k then was more than 50% salary of almost all SENIOR civil servants.

Hypotheses are easier to formulate than practice

I said average return of 15%.


If you have been buying consistently in down markets, you will be surprised at the current value of your portfolio

emmanuelewumi:
You better be careful.

Na Senior Advocate of Nigeria oooooo

It's ok. I excuse him. He skipped his drugs

Agbalowomeri:
Minimum wage for states in year 2000 was N5,500 and FG N7,500. Meaning 80% of civil servants wouldn't even earn above your proposed 26k

They have been stealing 100 times that amount monthly since 2000 too.
U should add that to the calculation..lol