₦airaland Forum

When they come and scatter the ngx without proper thought out policy.They will start to use what they created as yard stick as measurement for Improvement.
How can that guy in suit come to ngx to say rubbish like, CGT will be calculated using price as old as ngx as cost.And the target is big players.When big players start vacating the market now.They will say it is pdp yrs of mismanagement.That is the right thing to have been done since nigeria independence

Just thinking aloud. How much this government for collect from the French guys if they waited to sell wapco next yr at 1 billion to chinko guys based on that equity transaction..lol

mikeapollo:
So what happens if I have more than 1 TIN?
Don't tell me it is not possible

I doubt you can have 2 TIN bearing same names.
Even if it is possible, you won't be able to transfer your shares to another broker or CHN using different TIN.
It is just like your stock trading account.
You will only be able to with draw to an account number bearing your name with same BVN, not different

Streetinvestor2:
I will be waiting. FPI guys that came to cash out because ur rates whr high.How much is interest rate in developed country. They saw 9% when they cannot get 4% in thr country. Abi na TB that was close to 30%
The hot money all rushed in to cash out.
Those two guys handling the economy needs to be sacked if they celebrate this kind of thing as achievement

LOL, that bond situation is crazy if you think about it. You’re issuing bonds in a foreign currency, which means you can’t even print money to solve the problem—unlike the USA, which can always print dollars to offset its debts. And honestly, I’ve never seen the USA issue bonds denominated in naira.

mikeapollo:
So what happens if I have more than 1 TIN?
Don't tell me it is not possible

Almost everything is possible in Naija
but this one go hard ooo!

Streetinvestor2:
When they come and scatter the ngx without proper thought out policy.They will start to use what they created as yard stick as measurement for Improvement.
How can that guy in suit come to ngx to say rubbish like, CGT will be calculated using price as old as ngx as cost.And the target is big players.When big players start vacating the market now.They will say it is pdp yrs of mismanagement.That is the right thing to have been done since nigeria independence

Good morning Sir,

I thought you said CGT is Good for you and your fellow LONG TERM BAG HOLDERS while it will make we BARGAIN HUNTERS leave the MARKET.

For your information CGT is actually a BLESSING in DISGUISE for SMART TRADERS & BARGAIN HUNTERS.

BARGAIN HUNTERS will actually leave the Market for LONG TERM BAG HOLDERS and COMEBACK CHERRY PICK at BARGAIN PRICES after they have SUCCEEDED in SCATTERING the NGX with their yeye CGT
policy


BARGAIN HUNTERS TAKE NOTE!

ARADEL. ±
CONOIL. ±
ETERNA. +9.86%
OandO. -6.12%

Today's market is just too dull. We are almost at the end of the month and also almost at the last day of the Q3, yet there was no significant changes in the market. I was expecting reshuffling of portfolios and end of month window dressing. But, can't see any of these. Maybe, by tomorrow the market will live up to expectation.

jonnysessy:
Today's market is just too dull. We are almost at the end of the month and also almost at the last day of the Q3, yet there was no significant changes in the market. I was expecting reshuffling of portfolios and end of month window dressing. But, can't see any of these. Maybe, by tomorrow the market will live up to expectation.

The CGT confusion is also contributing to the dull moments in the market....until companies start releasing positive results

PETERiCHY:
Good morning Sir,

I thought you said CGT is Good for you and your fellow LONG TERM BAG HOLDERS while it will make we BARGAIN HUNTERS leave the MARKET.

For your information CGT is actually a BLESSING in DISGUISE for SMART TRADERS & BARGAIN HUNTERS.

BARGAIN HUNTERS will actually leave the Market for LONG TERM BAG HOLDERS and COMEBACK CHERRY PICK at BARGAIN PRICES after they have SUCCEEDED in SCATTERING the NGX with their yeye CGT
policy


BARGAIN HUNTERS TAKE NOTE!

U are a joker if u think the CGT will affect long time investors like me.They will never see shishi from me till they leave.They will collect from jijo people like u.They can only create bearish market which I will use to add to my winning stocks. Then I will wait for them to get out by 2027 for responsible government to come.
I was only concerned for the market but not that it will cause me any loss. U make loss only when u sell as long as my fundamental sound companies don't close shop.I will be collecting my dividend. I repeat they will never see shishi as CGT from me

jonnysessy:
Today's market is just too dull. We are almost at the end of the month and also almost at the last day of the Q3, yet there was no significant changes in the market. I was expecting reshuffling of portfolios and end of month window dressing. But, can't see any of these. Maybe, by tomorrow the market will live up to expectation.

I was up 1.83% today.

1.83% of my entire portfolio 😁😁

For some us that average up. Eg I have 1million of Ellak bought in 5 tranches of 200k units each

At N4, N4.50k, N6, N7 and N7.60k.

Assuming I sold all the 1 million units once at at a price of N10.

Will they calculate the CGT on per tranches basis in order to arrive at the tax payable?

emmanuelewumi:
For some us that average up. Eg I have 1million of Ellak bought in 5 tranches of 200k units each

At N4, N4.50k, N6, N7 and N7.60k.

Assuming I sold all the 1 million units once at at a price of N10.

Will they calculate the CGT on per tranches basis in order to arrive at the tax payable?

The trading platforms always have flash a weighted gain at any point in time

Agbalowomeri:
The trading platforms always have flash a weighted gain at any point in time

What about investors with up to 5 stockbroking accounts.

Making profits of N8 million each on the 5 Stockbroking accounts. That should be a total profit of N40 million.

You can trade N30 million on each on the 5 Stockbroking accounts. Making a total of N150 million


Will that trigger CGT?

Agbalowomeri:
The trading platforms always have flash a weighted gain at any point in time

With all this cgt wahala, I wouldn't be surprised if the implementation is postponed.


Ngx group wouldn't open there eyes n let unclear policy cause kasala for their sources of income.

emmaodet:
I doubt you can have 2 TIN bearing same names.
Even if it is possible, you won't be able to transfer your shares to another broker or CHN using different TIN.
It is just like your stock trading account.
You will only be able to with draw to an account number bearing your name with same BVN, not different

I already have 2 Tin and I am looking for how merge them. The first came immediately workers were migrated to IPPIS and I started seeing it on my payslip. When the jtb website was introduced, I tried to look it Up and with my DOB and NIN and what came out was different.

freeman67:
I already have 2 Tin and I am looking for how merge them. The first came immediately workers were migrated to IPPIS and I started seeing it on my payslip. When the jtb website was introduced, I tried to look it Up and with my DOB and NIN and what came out was different.

I equally have 2 already. It was created at different time for the purpose it was needed. One was created for my business name and one for me for tax clearance certificate when I needed it.
My business is sole proprietorship.

emmanuelewumi:
You can trade N30 million on each on the 5 Stockbroking accounts. Making a total of N150 million


Will that trigger CGT?

Your CHN will tell them the whole story
And if you have more than One CHN
Be prepare to file at the tax office and you will be their with your two hands at your back explaining how you get to having multiple CHN
I hope you're able to convince them
I also hope they understand and consider your explanation

Good Luck

NGN broke the 1480 resistance today closing at 1476.35.

We await strengthening below the 1450 level in the coming days.

Q4 is shaping up to be sweet!

Lofty1000:
Your CHN will tell them the whole story
And if you have more than One CHN
Be prepare to file at the tax office and you will be their with your two hands at your back explaining how you get to having multiple CHN
I hope you're able to convince them
I also hope they understand and consider your explanation

Good Luck

People have more than 1 CHN.Infact I have 3 because as I opened account with different stockbroker. I didn't know u could supply them the existing one with a different broker. They never asked and went ahead to open the accounts. This why I didn't subscribe to cscs services because I cannot monitor the different account in that platform if I subscribe

Streetinvestor2:
I equally have 2 already. It was created at different time for the purpose it was needed. One was created for my business name and one for me for tax clearance certificate when I needed it.
My business is sole proprietorship.

Check well: - One is for Business and another for Personal.

awesomeJ:
NGN broke the 1480 resistance today closing at 1476.35.

We await strengthening below the 1450 level in the coming days.

Q4 is shaping up to be sweet!

The NGX ASI closed bullish today. Or which 'NGN' are you talking about?

OBAGADAFFI:
Check well: - One is for Business and another for Personal.

Yes that is what I said.
Then again my business is sole proprietorship. And by law we are one and Same.
Abi it is how it is suppose to be

IYGEAL:
The NGX ASI closed bullish today. Or which 'NGN' are you talking about?

Naira

Try do Forex small and make some losses

Agbalowomeri:
Naira

Try do Forex small and make some losses

I hear crypto fit give u heart attack in a day..lol
Thank God I have never picked interest one day on it.Me way sabi vex and my vex fit melt iron.That is why I sabi fight..lol

IYGEAL:
The NGX ASI closed bullish today. Or which 'NGN' are you talking about?

Maybe check Google for the meaning of NGN.

Or copy the entire post into chatGPT.

Dont mind them. Let them be playing game with everything. As if no one go school but them.

I was still discussing with someone yesterday. Saying, in reality, states are not receiving much allocation now as many believe. Just use dollars for your benchmark and the difference will be clear. We will still convert the many naira to few dollars to get our road fixed, to get cards, clothes, even food.

mikeapollo:
Please remember to factor-in the impact of currency devaluation.
In 2010, a foreign investor with $1,000 would be able to buy shares worth about N120,000 on NGX
In 2025, the same $1,000 will buy shares worth N1,500,000

So looking at the nominal figures and percentages alone will give deceptive and inaccurate picture.

Streetinvestor2:
Yes that is what I said.
Then again my business is sole proprietorship. And by law we are one and the Same.
Abi it is how it is suppose to be

No not one and the Same with FIRS(NRS).

I have two TINs too, they are linked to my BVN and NIN.

But one payment goes to LIRS, and the other goes to FIRS.

emmanuelewumi:
You can trade N30 million on each on the 5 Stockbroking accounts. Making a total of N150 million


Will that trigger CGT?

i think they will use your single tax ID to link them all together.

Streetinvestor2:
I hear crypto fit give u heart attack in a day..lol
Thank God I have never picked interest one day on it.Me way sabi vex and my vex fit melt iron.That is why I sabi fight..lol

Those days I ventured into it😂
Made $80k in one week and lost everything plus my capital the following week. Na so I dusted my Kaya waka comot