₦airaland Forum

chimex38:
The tax act itself says 50m for CIT exemption. This man has been going about saying 100m

kintus:
Why are some people happy when the market bleeds?

Do you take delight in seeing your fellow brother lose money? Why celebrate another man’s downfall?

How does it even give you joy to come here and keep chanting “red, red, red”?

If this were a village setting, such an attitude would easily be likened to witchcraft.

We need to be more considerate of others — their emotions and mental health — before throwing our unsolicited jabs.

Better days are ahead. 🌱

Namaster:
Thanks for pointing this out.

It's s ALARMING.
But also very FUNNY.


The person complaining about FAKE news related to the New Tax Laws is the number one spreader of fake news related to the New Tax Laws.

It's even worse since he's the Chief Architect of the laws.
He's the kind of person they called a SUPER-SPREADER during the time of Corona.

He has been attending conferences and symposiums and telling people that Small Companies are companies with Turnover of #100M or less and Total Fixed Assets of #250M or less WHILE the NTA and NTAA defines Small Companies as companies with Turnover of #50M or less and Total Fixed Assets of #250M or less.

This is very BAD.
And NOBODY on his team corrected him.

It could also be that somebody (the Lawmakers) tampered with the Final Drafts and Oyedele failed to review the ones published in the official gazette.

By the way, PwC published Oyedele's #100M definition on their official website.
An egregious mistake on their part.

Someone should inform Oyedele.
Maybe they'll review the New Laws and POSTPONE the date it goes into effect 'cause #50M is too SMALL a threshold.

jonnysessy:
I thought that NIDF will pay a quarter dividend today. But, i am yet to get any alert. Please has anybody been credited,

Streetinvestor2:
I have done with FBN and Stanbic for TB.They didn't charge me WHT.Na only bank I trust for fixed deposit. I no fit shout.
The retrogressive aspect of cgt is the must stupid idea .Who those such nonsense after all this yrs of devaluations.So if I decide sell my ucapital now.you will remove #1 as my cost and calculate the remaining money as profit to hit ur 10 million as tax benchmark. Is that not madness

Agbalowomeri:
Enjoying his loot in the Caribbeans
It's holiday time

emmaodet:
Maybe the crypto crash wiped-off a chucnk of his portfolio

ghm:
I got mine about an hour ago.

Streetinvestor2:
U need to check malaria too

kintus:
Why are some people happy when the market bleeds?

Do you take delight in seeing your fellow brother lose money? Why celebrate another man’s downfall?

How does it even give you joy to come here and keep chanting “red, red, red”?

If this were a village setting, such an attitude would easily be likened to witchcraft.

We need to be more considerate of others — their emotions and mental health — before throwing our unsolicited jabs.

Better days are ahead. 🌱

jonnysessy:
I thought that NIDF will pay a quarter dividend today. But, i am yet to get any alert. Please has anybody been credited,

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!

kintus:
Why are some people happy when the market bleeds?

Do you take delight in seeing your fellow brother lose money? Why celebrate another man’s downfall?

How does it even give you joy to come here and keep chanting “red, red, red”?

If this were a village setting, such an attitude would easily be likened to witchcraft.

We need to be more considerate of others — their emotions and mental health — before throwing our unsolicited jabs.

Better days are ahead. 🌱

Odunharry:
I see the CGT might discourage investors especially FPI. Read somewhere that Foreign investors bought over N1 trillion Nigerian stocks in nine months. Local participant is more though, but with the uncertainty surrounding the cgt and what's exempt or not, few may want to pull out and observe the market especially from next year.

For the 10% WHT, the FIRS already mandated all banks, stockbrokers and other FI. to commence deduction on short term instruments. You might want to confirm with your bank again.

PETERiCHY:
We made the above comment back in September when we were packing our KAYA from the market because of CGT and funny enough someone said it will only affect JiJo and not long term .

and I told the person body go soon tell am now what is happening

Some of us have spent over 2decade in this and you need to be very smart with every piece of information else you gonna learn the hard way.

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
SOFT REMINDER TO NEWBIES DON'T BE CARRIED AWAY WETIN DEY SWEET DEY KILL TRY TO PULL SOME PROFITS FROM YOUR JUNK STOCK & TRANSFER TO YOUR FUNDAMENTAL STOCKS >>>>>

We SUCCEEDED to TOP-UP one of our FUNDAMENTAL STOCK ACCESSCORP with some of the LOOT with made from JUNK STOCKS.

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
FOR THE BENEFIT of DOUBT ☝️

We MADE the above STATEMENT about PULLING PROFIT especially for NEWBIES Sometime ago and later on we SOLD 90% of our JAPAULGOLD @#3.03k
and left 10% which happens to be part of our PROFIT.

BELOW is the RECEIPT so I now WONDER who is checking his or her BP 🤔


BARGAIN HUNTERS TAKE NOTE!

KarlTom:
Are we in Gaza?
Is that the ONLY type of chaos you envisage?

awesomeJ:
I'm

Witchcraft kwa??
Why can't my brother take his profit and await another entry?

If my brother doesn't understand the cyclical nature of the market then he's only just paying for his inexperience.

If however my brother is a long termer like Buffet, then he needs to understand that any losses aren't yet realized and thus should be less bothered by price volatility.

Streetinvestor2:
Na my papa post this one too
70yrs old man...haba

ogawisdom:
You need some stock market education. Except for some one in a dead stock, when a sound stock like Aradel, Zenith etc is bleeding it means the market is begging investors to come and make money because it is very temporary and won't last long, latest by February the bull is back.

So if you have a sound stock that is bleeding you should be happy to be able to buy more at a cheaper rate.

The people unhappy are inexperienced in the market and have no cash to buy more.

November- December is known as discount season and every stock bleeds as some people prepare for Christmas celebrations. The market has seasons and cycles.

Streetinvestor2:
Oga the records are here.Whr u marketing JP sand here last month or not.U don old to they lie
I sold my school fees JP early this yr.And that was when jegede got to around this price.
How much did u tell people here that japaul sand will get to and I said I could bet that jegede will not see #3 this yr.
Haba at ur age as u claim

kintus:
Oga AwesomeJ,
Thank you for your response.
If read in-between the lines, you’ll realize my concern isn’t about who took profit or who is a long-term investor in the market.
My message is simply to discourage the unwarranted and unsolicited mockery of either newbies or those caught off-guard by the market dip.

At a time like this, two things are most appropriate:
1. Stay silent, or
2. Be positive and offer words of encouragement.

Some people are not yet used to market cycles and may not be able to chest the red. Such individuals could become overly worried or even sell at a loss — which helps no one.

As the elders say, if you cannot help, don’t kill them.
We owe our fellow compatriots at least that much.

Remember, not everyone got to where they are today solely by their own efforts — Na God still run am for them.
So why taunt others who are still waiting on God to pick their calls? 🙏🏽

Streetinvestor2:
Oga the records are here.Whr u marketing JP sand here last month or not.U don old to they lie
I sold my school fees JP early this yr.And that was when jegede got to around this price.
How much did u tell people here that japaul sand will get to and I said I could bet that jegede will not see #3 this yr.
Haba at ur age as u claim

megawealth01:
JAGABANomics