₦airaland Forum

Agbalowomeri:
Me wey dey trade with 1m

I million dollars 💸

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.

Is it possible to know when firms like ACA buys a stock?

https://nairametrics.com/2025/09/28/25-cgt-on-share-sale-gains-if-reinvested-in-fixed-income/


Here's a concise summary of the article from Nairametrics:

Key Highlights on Nigeria’s New Capital Gains Tax (CGT) Policy


- 25% CGT Rule: A 25% Capital Gains Tax will apply when proceeds from share sales are reinvested in fixed income securities or other non-equity assets.

- Exemption Threshold: Retail investors are mostly exempt, as the tax only applies to gains exceeding ₦150 million annually—affecting mainly institutional and high-net-worth investors.

- Reinvestment Incentive: No CGT is charged if proceeds are reinvested in another Nigerian company (listed or unlisted), encouraging equity reinvestment to support economic growth

- Cost Basis & Inflation: The original purchase price of shares is used to calculate gains, even if bought years ago. This may distort real value due to inflation, but indexation was deemed too complex for now.

- FX Gains Consideration: Investors who entered before May 2023 may benefit from naira depreciation, but the tax system won’t be used to offset macroeconomic issues.

- Long-Term Outlook: The policy aims to drive long-term investment in productive sectors, despite short-term pain for some investors.

- NGX’s Role: The Nigerian Exchange Group is facilitating dialogue to ensure transparency and investor confidence.

unite4real:
https://nairametrics.com/2025/09/28/25-cgt-on-share-sale-gains-if-reinvested-in-fixed-income/


Here's a concise summary of the article from Nairametrics:

Key Highlights on Nigeria’s New Capital Gains Tax (CGT) Policy


- 25% CGT Rule: A 25% Capital Gains Tax will apply when proceeds from share sales are reinvested in fixed income securities or other non-equity assets.

- Exemption Threshold: Retail investors are mostly exempt, as the tax only applies to gains exceeding ₦150 million annually—affecting mainly institutional and high-net-worth investors.

- Reinvestment Incentive: No CGT is charged if proceeds are reinvested in another Nigerian company (listed or unlisted), encouraging equity reinvestment to support economic growth

- Cost Basis & Inflation: The original purchase price of shares is used to calculate gains, even if bought years ago. This may distort real value due to inflation, but indexation was deemed too complex for now.

- FX Gains Consideration: Investors who entered before May 2023 may benefit from naira depreciation, but the tax system won’t be used to offset macroeconomic issues.

- Long-Term Outlook: The policy aims to drive long-term investment in productive sectors, despite short-term pain for some investors.

- NGX’s Role: The Nigerian Exchange Group is facilitating dialogue to ensure transparency and investor confidence.

ON “FX Gains Consideration”

- FX Gains: These are profits made due to changes in foreign exchange rates. For example, if you bought shares when the naira was stronger (say ₦460/$1) and sold them after the naira weakened (say ₦1400/$1), your returns in naira would be much higher — not just from the share price, but also from the currency shift.

- Investors Before May 2023: That date marks a period before major FX reforms in Nigeria. Those who invested earlier likely bought dollars (or dollar-denominated assets) when the naira was stronger. As the naira depreciated, their gains in naira terms increased — even if the asset itself didn’t grow much.

- Tax System Won’t Offset Macroeconomic Issues: The government is saying: yes, you may have made extra money because of FX changes, but we won’t adjust the tax rules to compensate for inflation, currency instability, or other economic problems. The CGT will still apply based on nominal gains — even if part of those gains are just due to naira weakening.

In Simple Terms:
You made more money because the naira lost value — but the tax man still sees that as profit and will tax it. They won’t say, “Oh, this is just FX distortion, let’s reduce your tax.”

kintus:
the market already reacted to this....this is an old news...reference ended June 30, 2025, ..........

Ok

so after all d gra-gra over the cgt d one ting dat is clear is dat the ones wid the huge gains must sell to aviod the tax before next year...re-enter next year with new cost base.

tank u

Agbalowomeri:
The scenario here is a civil servant senior Tolu

Toluway is no more a civil servant for years now. Now an investor.
Besides, just a sale of a piece of land catapulted my investment profile, not savings from the civil service, as some would like to think.
To God be the glory.

sboga:
so after all d gra-gra over the cgt d one ting dat is clear is dat the ones wid the huge gains must sell to aviod the tax before next year...re-enter next year with new cost base.

tank u

Wow!!!
You caught this one and you betrayed your excitement on the strategy with with queen's English.
I caught it too. I read from Agba in one of his posts, but didn't get it then. It's now very clear to me.
This is even much better than the 'getting loans' strategy.
Intelligent!!!!!
Why can't we always beat this Singapore certificate guys in their game? 'Cause we're legit😁

PETERiCHY:
;OUR TOP 5 PICK FOR 2025

1) CADBURY

2) NASCON

3) ACCESSCORP

4) JAPAULGOLD..... Invest only speculative fund

5) DANGOTE SUGAR


BARGAIN HUNTERS TAKE NOTE!

.
We foresee JAPAULGOLD selling at #50 though it will go via TRANSCORP route.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS* 🐙

PENGASSAN Has Shut Down The Dangote Refinery Plant.

https://dailypost.ng/2025/09/28/pengassan-enforces-dangote-refinery-shutdown/

kintus:
the market already reacted to this....this is an old news...reference ended June 30, 2025, ..........

LASACO that people here will still chase when it's TIME

PETERiCHY:
.
We foresee JAPAULGOLD selling at #50 thought it will go via TRANSCORP route.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS* 🐙

Peter your tenses are confusing. Do you still think so or not any more

leo1234:
Maybe everyone around him steals public funds 🤔

The stealing is not only taking from public funds not many have access to that.The civil servants are like nigeria police. They with bribery and corruption to do thr work is like 5 and 6.How many of them will come out to say it was salary that sustained them only.

PETERiCHY:
.
We foresee JAPAULGOLD selling at #50 thought it will go via TRANSCORP route.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS* 🐙

Is like u forgot to put dot before the 50
Ok it will sell 500 naira soon.

Senior monkey hunting to japa before cgt catch up with the jijo next yr

On another note ,we will be seeing serious monkey hunting on junks to japa before next yr because of CGT.They would have possibly reached the 10 million gain mark based on quantity they have accumulated

unite4real:
https://nairametrics.com/2025/09/28/25-cgt-on-share-sale-gains-if-reinvested-in-fixed-income/


Here's a concise summary of the article from Nairametrics:

Key Highlights on Nigeria’s New Capital Gains Tax (CGT) Policy


- 25% CGT Rule: A 25% Capital Gains Tax will apply when proceeds from share sales are reinvested in fixed income securities or other non-equity assets.

- Exemption Threshold: Retail investors are mostly exempt, as the tax only applies to gains exceeding ₦150 million annually—affecting mainly institutional and high-net-worth investors.

- Reinvestment Incentive: No CGT is charged if proceeds are reinvested in another Nigerian company (listed or unlisted), encouraging equity reinvestment to support economic growth

- Cost Basis & Inflation: The original purchase price of shares is used to calculate gains, even if bought years ago. This may distort real value due to inflation, but indexation was deemed too complex for now.

- FX Gains Consideration: Investors who entered before May 2023 may benefit from naira depreciation, but the tax system won’t be used to offset macroeconomic issues.

- Long-Term Outlook: The policy aims to drive long-term investment in productive sectors, despite short-term pain for some investors.

- NGX’s Role: The Nigerian Exchange Group is facilitating dialogue to ensure transparency and investor confidence.

You don bring another confusion

Agbalowomeri:
You don bring another confusion

Make u no dey worry urself again with the matter. I will advise just stay out of the market for now.The failed government has less than 2 yrs to go.When responsible government enters by 2027 all the rubbish will be reviewed .Or buy now and hold for 2 yrs for them to get out

sboga:
so after all d gra-gra over the cgt d one ting dat is clear is dat the ones wid the huge gains must sell to aviod the tax before next year...re-enter next year with new cost base.

tank u

To avoid tax, you don't have to sell. CGT cannot arise if you don't sell. It is only when you sell that you become liable to pay CGT on the profit you make from the sale.

I have already mapped out my way around it in a very legal manner. E no worry me again

Sure. You can also average up for fundamental stocks that still have potential. That way your asset cost averages up. Well its mostly HNI that will thinker around this.

Mpeace:
To avoid tax, you don't have to sell. CGT cannot arise if you don't sell. It is only when you sell that you become liable to pay CGT on the profit you make from the sale.

I have already mapped out my way around it in a very legal manner. E no worry me again

But wait o. So if one uses 5M to make 15M profit in a year, and sells the cgt will be applied. Say 25% on the 15M that will be 3,750M. Well its not just for HNI. Na that one them use de deceive us. Just like they deceived us that fuel subsidy only benefits the rich, but na every body de feel am now.

Toluway:
Wow!!!
You caught this one and you betrayed your excitement on the strategy with with queen's English.
I caught it too. I read from Agba in one of his posts, but didn't get it then. It's now very clear to me.
This is even much better than the 'getting loans' strategy.
Intelligent!!!!!
Why can't we always beat this Singapore certificate guys in their game? 'Cause we're legit😁

You’re all missing something—at least that’s how I see it, and I may be wrong. Tax is per individual and progressive (by this I mean the various brackets with their cumulative percentages).

Let’s look at this logically. There is no separate tax for each source of income; as an individual, you pay one tax on your total net income, whether it comes from stocks, salary, dividends, or T-bills. That, I believe, was the aim of tax unification.

So, if your salary or business earnings already put you near the boundary of a tax bracket, any additional income will push just that portion into the higher bracket. For example, if you are just below the 25% bracket, any extra ₦2 million in stock income will be taxed at 25%—regardless of whether your total turnover is ₦150 million with a ₦10 million profit.

This is because tax is applied per individual, not based on the specific source of income.

ositadima1:
You’re all missing something—at least that’s how I see it, and I may be wrong. Tax is per individual and progressive (by this I mean the various brackets with their cumulative percentages) ….

This is because tax is applied per individual, not based on the specific source of income.

And that is the summary of it all.

These taxes have always been applicable at other rates before this new law, just that it was not really enforced. Also, many people rarely comply due to low tax morale for obvious reasons.

The tax law seems to provide a loophole specifically for stocks. If you reinvest your earnings within the same tax year, you don’t pay tax on those earnings for that year — tax is only applied to the portion you withdraw without reinvesting.

Another interesting point is that the law doesn’t specify how long you must hold your new investment before selling it again. In many other countries, you typically need to hold the new purchase for at least a year to qualify for tax exemption.

So, the loophole here is this: make profits from those rubbish “jijo” stocks, withdraw the gains, and reinvest them into more liquid and stable stocks like banks, Presco, or BUA Foods. Then, sell those after a week, even if it’s at zero gain, a small profit, or even a small loss.

Sounds almost like money laundering, lol.

ositadima1:
You’re all missing something—at least that’s how I see it, and I may be wrong. Tax is per individual and progressive (by this I mean the various brackets with their cumulative percentages).

Let’s look at this logically. There is no separate tax for each source of income; as an individual, you pay one tax on your total net income, whether it comes from stocks, salary, dividends, or T-bills. That, I believe, was the aim of tax unification.

So, if your salary or business earnings already put you near the boundary of a tax bracket, any additional income will push just that portion into the higher bracket. For example, if you are just below the 25% bracket, any extra ₦2 million in stock income will be taxed at 25%—regardless of whether your total turnover is ₦150 million with a ₦10 million profit.

This is because tax is applied per individual, not based on the specific source of income.

It is true that Tax is per individual- bur this is for personal income tax

Yes —personal income tax (PIT) in Nigeria is assessed per individual, not per income source.
That means FIRS looks at your total taxable income as a person — not separately for your salary, business, or dividends.

So, if you earn from:

* Salary
* Business/profession (self-employment)
* Rent
* Consultancy
* Royalties

— all these aggregate into one total income under the Personal Income Tax

Yes, Nigeria’s personal income tax uses progressive rates, from 7% up to 24%, depending on income levels.
So, if you earn more, you move into higher tax brackets — and only the extra amount above each bracket limit is taxed at the higher rate.

But here’s where the misunderstanding begins

Your statement assumes all types of income (including dividends, stock gains, and T-bills) are subject to the same unified progressive tax — which is not entirely true under Nigerian tax law.

So, while PIT applies progressively on your total earned income,
other sources like dividends, capital gains, and T-bill interest are treated under different tax laws, often at flat rates and as final taxes.

Therefore, it’s incorrect to lump all income types (salary, dividends, stock profits, etc.) into one cumulative tax base for PIT.


You’re taxed as a person, yes — but Nigeria doesn’t “merge” every income you earn into one single progressive tax.
Some are handled separately through withholding or capital gains tax, and they don’t affect your PIT bracket.

unite4real:
It is true that Tax is per individual- bur this is for personal income tax

Yes —personal income tax (PIT) in Nigeria is assessed per individual, not per income source.
That means FIRS looks at your total taxable income as a person — not separately for your salary, business, or dividends.

So, if you earn from:

* Salary
* Business/profession (self-employment)
* Rent
* Consultancy
* Royalties

— all these aggregate into one total income under the Personal Income Tax

Yes, Nigeria’s personal income tax uses progressive rates, from 7% up to 24%, depending on income levels.
So, if you earn more, you move into higher tax brackets — and only the extra amount above each bracket limit is taxed at the higher rate.

But here’s where the misunderstanding begins

Your statement assumes all types of income (including dividends, stock gains, and T-bills) are subject to the same unified progressive tax — which is not entirely true under Nigerian tax law.

So, while PIT applies progressively on your total earned income,
other sources like dividends, capital gains, and T-bill interest are treated under different tax laws, often at flat rates and as final taxes.

Therefore, it’s incorrect to lump all income types (salary, dividends, stock profits, etc.) into one cumulative tax base for PIT.


You’re taxed as a person, yes — but Nigeria doesn’t “merge” every income you earn into one single progressive tax.
Some are handled separately through withholding or capital gains tax, and they don’t affect your PIT bracket.

Ok, let’s watch and see if ChatGPT will be right this time or me, lol. I just put it out here so people can keep it in mind.

ositadima1:
Ok, let’s watch and see if ChatGPT will be right this time or me, lol. I just put it out here so people can keep it in mind.

Taiwo Oyedele has consistently answered such a question at different fora when asked. He has 3 programmes last week of which i was privilege to attend one.

The videos are all over youtube. If you take the time to watch any till the end, you will hear him answer this.

he even said that taxes have been narrowed down from about 60 or so to 10.

d re-invest to save cgt crew

will you re-invest for life? you no go withdraw buy motor by house ehhhh?

which kind shildren arguments dey pose....

d only way around dis is to sell dis year and buy again next year.

Toluway:
Wow!!!
You caught this one and you betrayed your excitement on the strategy with with queen's English.
I caught it too. I read from Agba in one of his posts, but didn't get it then. It's now very clear to me.
This is even much better than the 'getting loans' strategy.
Intelligent!!!!!
Why can't we always beat this Singapore certificate guys in their game? 'Cause we're legit😁

lemme not bost ur bubble dis morning

If he pays CGT on a total volume of N120m, what then is the essence of the N150m threshold?

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.

unite4real:
Taiwo Oyedele has consistently answered such a question at different fora when asked. He has 3 programmes last week of which i was privilege to attend one.

The videos are all over youtube. If you take the time to watch any till the end, you will hear him answer this.

he even said that taxes have been narrowed down from about 60 or so to 10.

Ok, I checked again. Capital gains tax is not separated from your net earnings, but there is a waiver for CGT on the 150 million turnover and 10 million profit. But, if you exceed either of these thresholds, your capital gains will be combined with your other personal income and taxed as one—there’s no separate scaling for CGT. Except if all your income is from CGT