₦airaland Forum

yMcy56:
Senate urges Wale Edun to review the 30% CGT....as a matter of URGENCY

https://nairametrics.com/2025/11/13/n2-trillion-market-loss-senate-urges-edun-to-review-30-capital-gains-tax/

The NASS should just help us kill this CGT once and forever!
Make Akpabio and Natasha join hands do this for NSEMPA

Raider76:
Who passed the law? Was it not the Senate? Who can amend it? Is it not the Senate?

The ''white man'' that made the pencil also made the cleaner/eraser

mikeapollo:
So what happens if I sell on Dec 31 and decided to withdraw whole cash in the following Jan or Feb?

I get your point on this, It seems people aren't really seeing the ambiguity in the law.

Tax man says i need to file my tax return for 2026 by March of 2027.

tax law says if i reinvest within 12 months of sale (not within same year) i won't be tax liable.

so if i sell by December 2026 and haven't reinvested by March 2027, but still plan to reinvest before Decemebr 2027, how do I file?

You're right, it's another part they need to address.

yMcy56:
UBA just vexing anyhow....
- Even when they declared juicy interim dividend last year, the rally only lasted for a day.....
- @42.15 full bid today.....for the second day..
- It was too battered during this CGT bear time..

Tony has decided to take the matter personal.He did RI at #50 .He told everyone that it is even undervalued. Then u went further to rubbish the stock below #40.
Who will take such rubbish..lol

Streetinvestor2:
He is my oga and member of PDP. (papa decieve pikin )..lol

You're saying Agba is a deceiving papa??

Mpeace:
Yesterday, almost 13billion(12.9billion) entered Aradel, hmmm these people no want make we buy this stock low.
I missed the chance to top up at below 700. Had to buy high at 710 yesterday. Make Una bring this stock down small naa.

This is very easy naa, just search for Oyedele's number and ask him to change his mouth again and insist on retrospective implementation of his CGT law from the pit of hell. It's just as simple as that and you can get Aradel at even 450

awesomeJ:
You're saying Agba is a deceiving papa??

Why are u saying this about my oga,lol
Abeg stop it.Did u see me call name.Do u know I can sue u for defamation of my oga character. I said PDP could mean papa decieve pikin ..lwkd

Streetinvestor2:
Why are u saying this about my oga,lol
Abeg stop it.Did u see me call name.Do u know I can sue u for defamation of my oga character. I said PDP could mean papa decieve pikin ..lwkd

Valthegreat:
This is very easy naa, just search for Oyedele's number and ask him to change his mouth again and insist on retrospective implementation of his CGT law from the pit of hell. It's just as simple as that and you can get Aradel at even 450

awesomeJ:
Yes, and part of the relevance of this platform is to share such info with those who might not have it.

you are right.

samarine:
Thank you, for contributing.

I believe it's cheaper taking the RI and I am paying 1420 PS, even for the extra they advised if I wish to take.

Depending on your broker, you can access or request for market access to view the market and then decide which is cheaper. Unless you have other goals.
Chat or email them.
Morgan, Meristem, investmentone, cardinal stone, etc.
Or try register on InfoWareLimited

Edit:
Assuming you don't have access

awesomeJ:
I get your point on this, It seems people aren't really seeing the ambiguity in the law.

Tax man says i need to file my tax return for 2026 by March of 2027.

tax law says if i reinvest within 12 months of sale (not within same year) i won't be tax liable.

so if i sell by December 2026 and haven't reinvested by March 2027, but still plan to reinvest before Decemebr 2027, how do I file?

You're right, it's another part they need to address.

They just rushed to pass the law after it was initially put in abeyance to resolve the issues about VAT rate and sharing formular which some politicians raised. Most of the focus was on VAT and PAYE.
The whole CGT thing should be suspended for now.

An alternative, simpler way for the govt to make more revenue in the capital market is for them to increase the commission on sales by say 1% which goes straight to the govt. Majority of investors would not mind and this would not cause much chaos in the market

Taiwo Taiwo!!

Why did he have to wait for the market to take a beating over several days before providing clarification on the law.

This is why younger people are not investing. The NSE trading like a crypto coin!

mikeapollo:
They just rushed to pass the law after it was initially put in abeyance to resolve the issues about VAT rate and sharing formular which some politicians raised. Most of the focus was on VAT and PAYE.
The whole CGT thing should be suspended for now.

An alternative, simpler way for the govt to make more revenue in the capital market is for them to increase the commission on sales by say 1% which goes straight to the govt. Majority of investors would not mind and this would not cause much chaos in the market

Which would even make more money for the government

mikeapollo:
They should suspend the CGT as well.
This govt should invite very good technocrats that can give them good advice on how to run the economy.
Their main focus seems to be on using every means to imposes taxies, levies to generate revenue and it is creating big problems!

The bolded is not possible in a nepotistic government.
Just ask your self this question 'is it possible to assemble the most qualified technocrats that will properly manage the Nigerian economy while focusing on just one tribe'?
Minister of Finance
CBN governor
Tax Committee chairman
FIRS Director.
How did we get here? and for those celebrating nonsense because 'it is their turn' where are we going from here? What happens after? (8 years). Cycle of trial and error with any serving president's tribes men continues till when?

Agbalowomeri:
Which would even make more money for the government

I disagree. I am not ready to give shishi to this government. I can beat the 25% cgt.U are saying the one that will favour u. As a long time investor I will protest

mikeapollo:
They just rushed to pass the law after it was initially put in abeyance to resolve the issues about VAT rate and sharing formular which some politicians raised. Most of the focus was on VAT and PAYE.
The whole CGT thing should be suspended for now.

An alternative, simpler way for the govt to make more revenue in the capital market is for them to increase the commission on sales by say 1% which goes straight to the govt. Majority of investors would not mind and this would not cause much chaos in the market

Taxing 1% on sales could be taxing investor's capital which is worse.
They already take 0.3% through the SEC, taking it to 1.3% is like a 333% hike, worse than the 200% hike on CGT, and it won't be avoidable like CGT is.

Valthegreat:
This is very easy naa, just search for Oyedele's number and ask him to change his mouth again and insist on retrospective implementation of his CGT law from the pit of hell. It's just as simple as that and you can get Aradel at even 450

The problem be say it's not only me that is waiting. Before you transfer the money their Mega don line up

Streetinvestor2:
I disagree. I am not ready to give shishi to this government. I can beat the 25% cgt.U are saying the one that will favour u. As a long time investor I will protest

If it's 1%, I also believed it will make more money for the govt because people won't even mind or bothered about it.

awesomeJ:
Taxing 1% on sales could be taxing investor's capital which is worse.
They already take 0.3% through the SEC, taking it to 1.3% is like a 333% hike, worse than the 200% hike on CGT, and it won't be avoidable like CGT is.

Why should I accept to pay anything when the law has created exemption for investors.Not going to happen

yMcy56:
If it's 1%, I also believed it will make more money for the govt because people won't even mind or bothered about it.

Many like me will be bothered and kick against it because I have exemption provision I can take.
That is great incentives for long term investors.The commissions I pay is enough. Why should u want to take my money when it is still in active service to sustain ngx.If u want to pull out pay government what ever u agree with them in ur jijo game.

Streetinvestor2:
I disagree. I am not ready to give shishi to this government. I can beat the 25% cgt.U are saying the one that will favour u. As a long time investor I will protest

Lol street you are already paying the government commission for any buy or sale

awesomeJ:
Taxing 1% on sales could be taxing investor's capital which is worse.
They already take 0.3% through the SEC, taking it to 1.3% is like a 333% hike, worse than the 200% hike on CGT, and it won't be avoidable like CGT is.

This investors una hand na Aradite o!
Una no dey give shi shi like Obidients, Lol!

Streetinvestor2:
Why should I accept to pay anything when the law has created exemption for investors.Not going to happen

The law is reasonable in my opinion, but he should have been proactive in clarifying the small details.

In his conversation with Channels TV, he claimed he had provided details to key investors over several Teams call.

As someone who only recently left consulting he likely has minimal stake in the equities market due to potential conflict of interest checks they do for new clients.

His handling of the issue has been very naive

Agbalowomeri:
Lol street you are already paying the government commission for any buy or sale

That is enough as a long time investor. For jijo go negotiate with government since na quick money u come collect. The market was ment to be marathon and quick sprint can come with extra cost.Do u know I equally pay 10% on my dividend

Valthegreat:
This investors una hand na Aradite o!
Una no dey give shi shi like Obidients, Lol!

I didn't get this quickly. I was like abi it's ARADEL he's saying??

abi sboga has influenced his writing??.

But I later reckoned Aradite is like a glue.

So Akagum yeah.

Of course. Why pay N20m to the government in a year for them to loot. When I can either give N10m to 2 people each and likely change their lives or commit to supporting people with their bills 100k at a time, i'd be able to give 200 such supports in a year.


And in a few more years, I will even be thinking of N200m in potential taxes not N20m, imagine how many people I can impact per year. Cos government won't help them as much.

Bills and their amendments can also be initiated by the legislature. It is only a rubber stamp legislature that waits for the executive to present bills.

Streetinvestor2:
Who presented the bill.Who is to represent amended version for senate to pass again

🇳🇬 NIGERIA EQUITY MARKET UPDATE 📈MARKET ANALYSIS AND OUTLOOK
🔹 Executive Summary
The Nigerian equity market saw notable volatility with a sharp selloff quickly followed by a strong rebound. This was mainly driven by uncertainty around a possible Capital Gains Tax (CGT) review. Domestic institutional investors decisively bought the dip, especially in key sectors.

The short-term outlook remains bullish yet volatile, with technical signals pointing toward a continuation of the main uptrend.

🔹 Market Movement Analysis
On November 11, the market experienced a washout event, then bounced back powerfully on November 12 with high volume. This V-shaped recovery, led by major bellwether stocks and positive market breadth (69 advancers vs. 15 decliners), shows domestic institutions aggressively buying on the CGT-related dip.

Momentum is expected to carry forward, with primary resistance around the 148,781 All-Share Index level.

🔹 Trading Signals Summary
Trading Signals Summary
iIndex Trend Signa. MomentumSIGNA
All-Share Index: BUY STOCK BUY
Premium Index: BUY, BUY
NSEMERIGRW: BE IN CASH, SELL
MERVALUE: BUY. BE IN CASH
NGXINS: BE IN CASH SELL
NGXBNK: BUY BUY
NGXCNSMRGDS: BUY BUY
NGXINDUSTR: BUY, BE IN CASH
NGXLOTUSISLM: BE IN CASH SELL
NGXOILGAS: BE IN CASH, SELL
NGXGROWTH: SELL, BE IN CASH

🔹 Stock Recommendations
Top Stocks with High Probability:
XXXXX 85%XXXXX 82%XXXXX 80%XXXXX 78%XXXXX 76%XXXXX 74%XXXXX 72%XXXXX 68%XXXXX 66%XXXXX 64%XXXXX 62%

Speculative Stocks with High Upside Potential:XXXXX 90%XXXXX 85%XXXXX 80%XXXXX 80%XXXXX 80%

🔹 Short-Term Outlook (1-2 Weeks)
The outlook is bullish but volatile. The large volume rebound on Nov 12 confirms active institutional buying after CGT-induced weakness. This suggests the correction phase has ended, and the primary uptrend should resume soon.

🔹 Sector Performance Analysis
Recent shifts reflect easing CGT fears:

Leading Sector: Banking retains leadership with strong momentum, rotating further into tailwind territory. Consumer Goods have joined the leaders post-rebound.

Improving Sector: Insurance shows early recovery signs, improving momentum as risk appetite returns. Industrial Goods are edging higher, boosted by infrastructure expectations.

Weakening Sector: Oil & Gas continues to slide, impacted by weaker global crude prices, moving toward lagging status.

Lagging Sector: Growth and Lotus Islamic sectors remain weak, heavily affected by small-cap selling pressures.

Capital rotation is defensive to cyclical—funds exited small-caps and energy stocks, moving into banks and consumer staples amid macro caution, but optimism for interest rate-sensitive sectors.

🔹 Key Catalysts
Bellwether stocks in Banking and Industrial sectors should attract fresh capital. Any official easing of CGT concerns would act as a strong positive catalyst.

🔹 Risk Factors
Delayed or negative clarification on CGT risks triggering renewed foreign sell-off. Also, failure to hold above 148,781 points could mean the rebound was a temporary relief. Investors should keep a tactical, stock-specific approach focusing on liquid equities with confirmed institutional buying.

📌 Disclaimer: This report is for educational and informational purposes only. It is not personalized investment advice. Trading carries risks; invest only what you can afford to lose. Confirm trades with your own system.

Raider76:
Who passed the law? Was it not the Senate? Who can amend it? Is it not the Senate?

This shows they don’t read the laws they pass.
Those that do, don’t understand it or even it’s implications. Most of them are usually absent at plenary. They mostly attend during budget presentations and budget padding.

Are they not comprised of mostly past Governors and political jobbers who run down their States?

Chai.... Market refuse to Stew till Friday...
See what I missed

On a more serious note our government needs to show working with the resources from Natural sources, VAT, CIT and several other sources available to them currently before seeking to increase tax base at least that's what obtains in the developed world. That way citizens confidence will be boosted to give more to the government while expecting better life. Doing such with the existing profligate status quo is as good as an armed robber demanding for more money from his victim.