₦airaland Forum

yMcy56:
Otedola's boys seriously defending FBNH....

** All these Trump invasion fear will still go last las....
There are rules and protocols to any country intervening in another's affairs....
While condemning genocide in it's entirety, I still don't expect any country to just barge into another just like that...
There'll must have gotten to some level of dialogue or order breakdown

** Concerning CGT, only the super rich are afraid, they want to keep collecting but not ready to sacrifice anything, they are altogether corrupt....they want to keep fleecing on the country..........
If you make huge gain, the right thing is to also pay your tax.....
All these Tax shouting upandan, they pay ridiculous ones outside the country but don't want to pay here, e no go work like that.
NGX will be fine at the end of the day.

So no be only me dey look FBNH. I have some but I'm looking to buy 4-5x my current holding. Cash dey with broker but I dey try see if buyers go rest.

But these buyers no wan chill. Dem just set floor for the price

pluto09:
You don't want to sell before January and you don't want to pay CGT.
wish you well

The guy doesn't want to learn that there are numerous ways to avoid or minimize the impact, his preffered approach is to complain so much about it and hope the govt reverses.
I doubt they read his posts.

If a reversal/delayed implementation happens, good for everyone, if not, those who don't take advantage of the available provisions only have themselves to blame.

GTCo struggled to break below 90

Now Zenith is struggling to break below 60. Once broken na 50 straight

Everything na step lather. Na the way we climbed up we go climb down

The shallow and hollow argument some people make sometimes is to compare taxes being paid in developed countries and say the same must be paid here, without putting things in proper context.
They are not even able to demand accountability from those who collect and embezzles the taxes and public funds. Sometimes, they even support the looters.

Developed countries provide jobs to their graduates and qualified citizens. They provide unemployment benefits, housing and accommodation., They take good care of the aged, elderly and sick ones.
Their president and politicians live a modest lifestyle, and some even use public transport to go to work on daily basis.

Over here, graduates roam the streets for 5 years without a job, no unemployment benefits, no govt housing or accommodation, your parents are old and sick with no govt support. The politicians are living an ostentatious lifestyles. An illiterate Councilor or LG chairman is earning more than medical doctors , lecturers and professors. You provide accommodation, water, electricity, neighbourhood security, roads etc. by yourself. The additional responsibilities and services that you provide is more than 35% additional tax to the govt.

Agbalowomeri:
Of course it won't happen tomorrow

Unless valuation changes it's not going to happen ever

PETERiCHY:
We made it clear on September 29th 2025 that after their CGT palaver we will come back to cherry pick now Trump has added his INVASION..

in Fela's Voice "Double Wahala for dead body and the owner of dead body"

So the invasion is what led to the USA stocks and crypto in deep red for some days now abi?

All these conspiracy theorists sef

mikeapollo:
I cannot sell EVERYTHING in my portfolio. E get why!
But I can sell SOME for my strategic needs and projections, while I keep the rest because I know this govt and CGT cannot last forever.

If you hold any stock with a low purchase price, you'd be better off rebasing the cost than just hoping on a suspension of CGT. rebasing will conly cost you 2-3% trading fees vs 15-23% in potential CGT.

awesomeJ:
If you hold any stock with a low purchase price, you'd be better off rebasing the cost than just hoping on a suspension of CGT. rebasing will conly cost you 2-3% trading fees vs 15-23% in potential CGT.

Yes, that is correct.
But in my case, I will be fine selling about 35% of my portfolio before Jan 2026. The remaining 65% is strategic investment. I can even afford to sell below the N10m gain annually to beat the CGT law.

But I will also discuss with my brokers if I can arrange some cross-deals with them to beat the CGT law if possible.

yMcy56:
Otedola's boys seriously defending FBNH....

** All these Trump invasion fear will still go last las....
There are rules and protocols to any country intervening in another's affairs....
While condemning genocide in it's entirety, I still don't expect any country to just barge into another just like that...
There'll must have gotten to some level of dialogue or order breakdown

** Concerning CGT, only the super rich are afraid, they want to keep collecting but not ready to sacrifice anything, they are altogether corrupt....they want to keep fleecing on the country..........
If you make huge gain, the right thing is to also pay your tax.....
All these Tax shouting upandan, they pay ridiculous ones outside the country but don't want to pay here, e no go work like that.
NGX will be fine at the end of the day.

Every thing correct here but to pay tax to that MANDICK thief to loot will never happen from my side

Agbalowomeri:
GTCo struggled to break below 90

Now Zenith is struggling to break below 60. Once broken na 50 straight

Everything na step lather. Na the way we climbed up we go climb down

You content creation today is good for laughter
Nice jokes bro

One thing is clear, by 2027 or a few years after, virtually everyone will have at least a rudimentary knowledge of bookkeeping. We will all now learn how to record our income and expenses. We may even get to a stage where even plumbers, mechanics and co will have to be issuing invoices or receipt for services rendered, all in an attempt to claim rebates wherever possible.

Even urgent 2k will now need to be documented very soon.

nosa2:
Unless valuation changes it's not going to happen ever

Of course valuation WILL change definitely

mikeapollo:
Yes, that is correct.
But in my case, I will be fine selling about 35% of my portfolio before Jan 2026. The remaining 65% is strategic investment. I can even afford to sell below the N10m gain annually to beat the CGT law.

But I will also discuss with my brokers if I can arrange some cross-deals with them to beat the CGT law if possible.

Exactly my point.
The implementation doesn't look certain, but one can have backup strategies to minimize its impact should they carry on with it.

awesomeJ:
If you hold any stock with a low purchase price, you'd be better off rebasing the cost than just hoping on a suspension of CGT. rebasing will conly cost you 2-3% trading fees vs 15-23% in potential CGT.

My own opinion. No need rebasing to pay any tax.I will only rebalance to defensive stocks because of red they will create temporary. I am confident they will be kicked out in 2027 and everything will be OK again.

ojesymsym:
One thing is clear, by 2027 or a few years after, virtually everyone will have at least a rudimentary knowledge of bookkeeping. We will all now learn how to record our expenses. We may even get to a stage where even plumbers, mechanics and co will have to be issuing invoices or receipt for services rendered, all in an attempt to claim rebates wherever possible.

By then all these policy will be dead nd buried by responsible government

Streetinvestor2:
My own opinion. No need rebasing to pay any tax.I will only rebalance to defensive stocks because of red they will create temporary. I am confident they will be kicked out in 2027 and everything will be OK again.

It'll have thesame impact, since you'll be paying recent prices for the defensive stocks, no one will claim your historical low purchase price again.

While it makes sense for us to have backup strategies to avoid or minimize the impact of the CGT, let us all add our voice to condemn it on every forum and support the move to get it suspended, reversed or scrapped if possible.
We have nothing to lose, but everything to gain if we are able to do that.

mikeapollo:
While it makes sense for us to have backup strategies to avoid or minimize the impact of the CGT, let us all add our voice to condemn it on every forum and support the move to get it suspended, reversed or scrapped if possible.
We have nothing to lose, but everything to gain if we are able to do that.

Correct

mikeapollo:
While it makes sense for us to have backup strategies to avoid or minimize the impact of the CGT, let us all add our voice to condemn it on every forum and support the move to get it suspended, reversed or scrapped if possible.
We have nothing to lose, but everything to gain if we are able to do that.

Wouldn't this have been better to do while the laws were being drafted? I think stakeholders like the NGX management, CIS, and all these numerous shareholder associations didn't do enough.

While it might be harder to amend or repeal the CGT provisions in the current laws, It's a much easier possibility to fight for a suspension of its implementation, so if you know any platform where I can join such fight, please sign me up. Even if na to protest on a saturday morning

They just need to rescind the retrospective application of the CGT and it will be ok. Tax payment is a civic obligation anywhere and everywhere in the world.

I believe people should be able to challenge the retrospective application of the law in court. Even the Bible say, where there is no law, there is no sin.

mikeapollo:
While it makes sense for us to have backup strategies to avoid or minimize the impact of the CGT, let us all add our voice to condemn it on every forum and support the move to get it suspended, reversed or scrapped if possible.
We have nothing to lose, but everything to gain if we are able to do that.

awesomeJ:
It'll have thesame impact, since you'll be paying recent prices for the defensive stocks, no one will claim your historical low purchase price again.

All this talk about rebasing isn’t necessary. Once you sell within a tax year and buy another stock, your tax automatically resets. So, you don’t have to sell now and wait until January to buy again, just make sure that whenever you sell, you also buy something else to trigger the reset.

Me I don't just comdemn the policy rather the government completely. They have failed
And I know the monster they created as insecurity to remove gej will definitely consume this government. I am surprised the vp who was the brain child behind chibok girls has been quite. What goes around comes around.

yMcy56:
Otedola's boys seriously defending FBNH....

** All these Trump invasion fear will still go last las....
There are rules and protocols to any country intervening in another's affairs....
While condemning genocide in it's entirety, I still don't expect any country to just barge into another just like that...
There'll must have gotten to some level of dialogue or order breakdown

** Concerning CGT, only the super rich are afraid, they want to keep collecting but not ready to sacrifice anything, they are altogether corrupt....they want to keep fleecing on the country..........
If you make huge gain, the right thing is to also pay your tax.....
All these Tax shouting upandan, they pay ridiculous ones outside the country but don't want to pay here, e no go work like that.
NGX will be fine at the end of the day.

He has been accumulating at his bargain junction for a while now. The panic in the market seem to have given him more opportunity for more accumulation while awaiting the private placement.
70% ownership of FBNH/FIRSTHOLDCO not far from Otedola.

ositadima1:
All this talk about rebasing isn’t necessary. Once you sell within a tax year and buy another stock, your tax automatically resets. So, you don’t have to sell now and wait until January to buy again, just make sure that whenever you sell, you also buy something else to trigger the reset.

U are equally right. My own is how to maximise paper profits I already secured over time.That is why I want to sell some and move to defensive stocks that requires plenty money to push it down while I enjoy dividend

ositadima1:
All this talk about rebasing isn’t necessary. Once you sell within a tax year and buy another stock, your tax automatically resets. So, you don’t have to sell now and wait until January to buy again, just make sure that whenever you sell, you also buy something else to trigger the reset.

The reset is what i mean by rebasing.

And its directed at folks who have low purchase price and aren't ready to sell yet.

If you have 10m units of HONYFLOUR you bought at N5 each, and you don't want to sell until next year,

You can rebase the cost now and avoid tax burden when you sell even if you don't reinvest the proceeds

Your suggestion requires that the proceeds still get reinvested next year, it's not helpful for those who need to pull out by then.

To be clear.
if you pull out this year, you're all good,
If you don't want to pull out this year and you have a low historical cost, rebase your cost.

Here is where it was clearly stated in the Nigeria Tax Act 2025, on page 32.

https://www.youtube.com/watch?v=1xi7IeWIvjQ

Midday trading session on the NGX.

ositadima1:
Here is where it was clearly stated in the Nigeria Tax Act 2025, on page 32.

Do you just like baseless arguments?

If you have 10m units of HONYFLOUR you bought at N5 and want to sell by July next year and pull out the proceeds

How does the provision you highlighted help you avoid paying taxes on the c. N150m gains?

awesomeJ:
Wouldn't this have been better to do while the laws were being drafted? I think stakeholders like the NGX management, CIS, and all these numerous shareholder associations didn't do enough.

While it might be harder to amend or repeal the CGT provisions in the current laws, It's a much easier possibility to fight for a suspension of its implementation, so if you know any platform where I can join such fight, please sign me up. Even if na to protest on a saturday morning

Theoretically, you are correct.
There was a similar 10% CGT in Finance Act 2021 which was never implemented. So let's see what happens

The main focus was on 15% VAT which was later reversed to 7.5% by NASS.
The whole law was more or less smuggled and rushed in after the govt got the political class to support it after VAT increment was dropped.
Most Nigerians were not aware of the 30% CGT and other aspects.

Some stocks are racing down without even trying to put small resistance. Does it mean thr mm no send the SP

awesomeJ:
Do you just like baseless arguments?

If you have 10m units of HONYFLOUR you bought at N5 and want to sell by July next year and pull out the proceeds

How does the provision you highlighted help you avoid paying taxes on the c. N150m gains?

Why do you want to sell it in July next year? Do you have a crystal ball that says it will double by July 2026? The argument is that people are being misled into selling now, thinking it’s the better strategy, and I’m telling you it’s not. If you want to sell now, no problem, but for most investors who rotate their cash, they can sell and buy something else directly without being taxed, as long as it’s within the same tax year.

You can even get tax rebates if you later sell the other stock at a small loss.