₦airaland Forum

Locotrader:
Let me ask you this.
What amount is qualified for this 25% tax by govt?

Gains from N10m upwards will be taxed at rates ranging from 15% - 25%.

But you can sell and repurchase to rebase your cost price, and thus minimize your TAXABLE gains.

Raider76:
They are used to paying high taxes in their countries

Paying high taxes at home will be better for them than paying it abroad considering other hassles and stresses of investing in a foreign land.

Low taxes and easy loot brought the fpi's here, not to come and face the same tough taxes they fled from at home.

Ginalex:
Why is no one talking about the fact trade settlement will now be T+2 effective 28th November 2025?

The one I am interested in all these 25%,T+2 talks is the adjustment of trading time from 10am to 5pm.This means they will also make adjustments in +-10% daily to +-20%.

Most of us will turn to day traders.Investments for dividends will die a natural death.

Ginalex:
Why is no one talking about the fact trade settlement will now be T+2 effective 28th November 2025?

That is very simple, everyone is looking for ways to evade paying 25% tax by just buying and selling and not withdrawing from the money locked in with stocbrokers.

awesomeJ:
Gains from N10m upwards will be taxed at rates ranging from 15% - 25%.

But you can sell and repurchase to rebase your cost price, and thus minimize your TAXABLE gains.

Now I am getting this.
Govt will tax 25% only on gains starting from N10m.
How will govt know my profit?
Does it mean stockbrokers will expose our gains to the govt?

I hope govt will also pay me 25% when I loose up to N10m in a trade?

If implemented the way it is explained here. I will run from the NGX.

[quote author=mallamOmonile1 post=137057919][/quote]

jonnysessy:
Hmmmmmm. This tax law is to tie me down perpetually in NGX. I bet you the main aim of Government in all this is to hold down your capital. It happened in the Banks not too long ago; you have N2,000,000 in you account and what to withdraw N100,000. Banks will pay you only N20,000 and ask you to make use of online banking and transfer or even POS. This was when they were promoting their pos agents. You go to the atm machine, you are limited to the amount you can withdraw. You get a bank willing to let you withdraw the N100,000, what you get is mutilated notes. I tire for this country.

At the bank you can withdraw more than that amount

Locotrader:
Now I am getting this.
Govt will tax 25% only on gains starting from N10m.
How will govt know my profit?
Does it mean stockbrokers will expose our gains to the govt?

I hope govt will also pay me 25% when I loose up to N10m in a trade?

You tell them your purchase price.

They can verify via your brokers or via CSCS.

Which is why those holding low purchase price are better off rebasing it as I've suggested.

If you lose N10m in a trade, you can remove it from any gains you make from other trades up to the next 5 years (I think).

Locotrader:
This will be the reward for those in Japaul this Xmas.
Price must respond to gold news whether they are producing gold or not.

Loco Hypes Ltd in action.

You promoted CI Leasing with a yacht, the MV Bello. Now you're doing Japaul with with a ram.

I salute your marketing stuntmanship.

jonnysessy:
That is very simple, everyone is looking for ways to evade paying 25% tax by just buying and selling and not withdrawing from the money locked in with stocbrokers.

from the bolded, we’re looking for ways to avoid CGT which is legal not to evade tax. i will advise those who will like to exist the market with their loot to sell as early as Nov because by Dec, there’s won’t be much bid to
clear up your offer. make hay while the sunshine

Where you wan run to? MMM

Oasisblue:
If implemented the way it is explained here. I will run from the NGX.

zendi:
Loco Hypes Ltd in action.

You promoted CI Leasing with a yatch, the MV Bello. Now you're doing Japaul with with a ram.

I salute your marketing stuntmanship.

Agbalowomeri:
Yeah if I were in such profits I will probably sell and move the money to my bank account so that tax man can see na my money pre-tax law be this

Maybe wait for December rally. I am sure the stockbrokers will shift the January rally back to December. Everywhere go quiet small in January

You will still have to explain how you made the money to the tax man.
Any in flow and out flow that exceed a certain threshold in your account will attract the attention of the tax man.

pluto09:
You will still have to explain how you made the money to the tax man.
Any in flow and out flow that exceed a certain threshold in your account will attract the attention of the tax man.

Simple. I made it in the stock market pre-2026

Nobody can fault anyone for that. Tax avoidance is not tax evasion

Watch Royalex trading set up.
Tomorrow is Royalex AGM.
Everything about Royalex is bullish now.

Another stock to give us Xmas chicken and Ram

KarlTom:

You dey shine teeth as if you no like ram.

zendi:
Loco Hypes Ltd in action.

You promoted CI Leasing with a yatch, the MV Bello. Now you're doing Japaul with with a ram.

I salute your marketing stuntmanship.

No be small pikin ram oooo.
The ram Japaul go produce na the one wey the horn don coil

Locotrader:
No be small pikin ram oooo.
The ram Japaul go produce na the one wey the horn don coil

Money for Detty December must come

Royalex is going
After today,we are heading to N3.

Who be the lucky person to pick the 800k units on offer?

Tomorrow AGM is the reason of those tiny offers.

Good morning, everyone. Do IBTC have a mobile app? I just registered with them as my stockbroker

544k units going
Royalex the right place to be now

Agbalowomeri:
Simple. I made it in the stock market pre-2026

Nobody can fault anyone for that. Tax avoidance is not tax evasion

Simple in theory but I don't think they will overlook and allow you to go tax free.

Raider76:
They are used to paying high taxes in their countries

Most likely if Nigeria no collect their home country go collect. Now if Nigeria collects they likely will not need to pay nadding for their home country. Indeed it may not bother them.

Locotrader:
The one I am interested in all these 25%,T+2 talks is the adjustment of trading time from 10am to 5pm.This means they will also make adjustments in +-10% daily to +-20%.

Most of us will turn to day traders.Investments for dividends will die a natural death.

Dey play!😀

It really won't change things as long as listed companies on ngx aren't increasing.

There will rather be more "lull" periods in daily trading

VFD Group Plc has announced the launch of a N50.7 billion rights issue aimed at strengthening its capital base and accelerating its strategic growth agenda across Africa and beyond.

The announcement was made during a formal signing ceremony held on Wednesday, marking a significant milestone in the company’s expansion journey.

Speaking at the event, Group Managing Director and CEO Nonso Okpala emphasized that the capital raise is driven by performance, not necessity.
Our 1,202% profit before tax turnaround is the definitive proof of concept for our proprietary model,” Okpala said. “It demonstrates our capacity to turn market dislocations into arbitrage opportunities. We are presenting a quantifiable reality, not a theory.”

He described the rights issue as a strategic capital acceleration for VFD’s global expansion plan, which is already active in Ghana and making inroads into Southern Africa. “This capital ensures VFD can strategically move from an established presence to significant market stake acquisition. The unified African economy represents a major growth wave, and this capital ensures VFD acquires a significant stake in that growth,” Okpala added.Shareholder Confidence and Strategic Deployment
Chairman of VFD Group, Olatunde Busari (SAN), acknowledged the support of shareholders, regulators, and advisers.

“Today marks a significant milestone in the journey of VFD Group Plc. We are gathered here to formally sign and commemorate the launch of our N50.67 billion Rights Issue, a pivotal step in strengthening our capital base and advancing our strategic growth agenda,” he said.

Busari recalled that at the company’s 8th Annual General Meeting, shareholders approved a capital raise of up to N30 billion, of which N12.5 billion was successfully raised. Building on that momentum, the 9th AGM held on May 8, 2025, authorized the Board to raise an additional N50 billion through various instruments.Following consultations with advisers, the Board approved the rights issue comprising 5,067,396,400 ordinary shares of 50 kobo each, offered at N10 per share on the basis of two new shares for every three existing shares held.

The net proceeds, estimated at N49.55 billion, will be used to deleverage the company’s balance sheet, fund geographical expansion into the United Kingdom and Southern Africa, and increase investments in key subsidiaries.

Building a Resilient Pan-African Investment Group
VFD Group’s asset base has now exceeded N356 billion, underscoring its financial strength and operational momentum. The capital raise is expected to enhance liquidity, improve leverage ratios, and position the company to capture emerging opportunities across multiple sectors and regions.

“As we sign these documents today, we are not merely executing a transaction—we are reinforcing our collective belief in VFD’s future,” Busari said. “This Rights Issue marks the beginning of a new phase of growth, innovation, and value creation for our stakeholders.”

He concluded by reaffirming the company’s commitment to building a pan-African investment group rooted in excellence, integrity, and sustainable prosperity.

What You Should Know
The rights issue is coming barely two weeks after Abbey Mortgage Bank announced that VFD Group, its largest shareholder, sold 400,828,935 units of the bank’s shares worth over N2.72 billion.
The transaction was disclosed in a filing on the Nigerian Exchange (NGX), signed by the company’s secretary, Geoff Amaghereonu, and executed in Lagos.
According to the notice, the shares were sold on September 17, 2025, at an average price of N6.80 per share under the identification code NGABBEY0000

Locotrader:
Royalex is going
After today,we are heading to N3.

Who be the lucky person to pick the 800k units on offer?

Tomorrow AGM is the reason of those tiny offers.

But the agenda of the AGM did not state any significant thing on the table for resolutions apart from the usual directors' appointment and remunerations and presentation of audited report.

Are there other things we are missing out on?

awesomeJ:
You're right, repurchasing as I've put it in that example is completely redundant (actually sub optimal).

But I was talking from the perspective of someone who doesn't want to leave the market.
I

The core point is: if you lock in your gains in
2025: any new tax estimate would be based on your new purchase price in 2026 if you remain in the market. So that really helps everyone with low purchase price who are not ready to exit their positions yet.

I think I get your point it is better I book all my profits in 2025 and buy back so that the 2026 tax will reflect on new purchases

BuchyD:
Dey play!😀

It really won't change things as long as listed companies on ngx aren't increasing.

There will rather be more "lull" periods in daily trading

Lull period in +20% /-20% in a day?
Our market with the already listed companies are not doing badly.
If that is adopted,we will see a lot of improvement and day trading will officially be a profession for us.

There is nothing about the AGM to excite the market. The agenda says it all

Locotrader:
Watch Royalex trading set up.
Tomorrow is Royalex AGM.
Everything about Royalex is bullish now.

Another stock to give us Xmas chicken and Ram

awesomeJ:
Gains from N10m upwards will be taxed at rates ranging from 15% - 25%.

But you can sell and repurchase to rebase your cost price, and thus minimize your TAXABLE gains.

For those saying sell in 2025 and repurchase in 2026, would that be necessary?
I think the best is
sell in 2025, then reinvest in same 2025 and hold till 2026-- no tax for 2025
New cost price is price of the stock as at January 1, 2026.
Sell in 2026, then reinvest all proceeds in 2026, then sell at very little or no profit. So, no profit was made in 2026 assuming no further purchases are made.
So tax avoided.
Make Una check am, abi e no correct?

At this point you can withdraw funds into your bank account, and such funds wouldn't be subjected to PIT cos, it has passed through CGT process. Hope am correct.

Payunsin:
I think I get your point it is better I book all my profits in 2025 and buy back so that the 2026 tax will reflect on new purchases

Exactly!

stokfrick:
For those saying sell in 2025 and repurchase in 2026, would that be necessary?
I think the best is
sell in 2025, then reinvest in same 2025 and hold till 2026-- no tax for 2025
New cost price is price of the stock as at January 1, 2026.
Sell in 2026, then reinvest all proceeds in 2026, then sell at very little or no profit. So, no profit was made in 2026 assuming no further purchases are made.
So tax avoided.
Make Una check am, abi e no correct?

Both are correct.

The point is to exit your low cost position and rebase it to current price levels.
As long as you exit in 2025, you can re enter either in 2025 or 2026, both work, your PRESCO cost price will be taken as 1400 instead of 80.