₦airaland Forum

Ginalex:
FBNH 29+, UBA 34+, GTCO 77+, Zenith 54+ ati béèbéèlo Oyedele you'll be judged

mikeapollo:
All that is required is for them not to implement that aspect of the law, simple. They don't need to make any announcement of suspension or whatever.
Finance Act 2021 had CGT 10% which was never implemented, and there was no uproar anywhere.

awesomeJ:
As long as we achieve the desired goal, even if na to presidency. Having a targeted action is what might work.

Buy I still feel NGX and the likes could have done much better to raise investors' concern while the laws were being drafted.

tagonn077:
You buy a stock for a quick scalp then it dumps 50%… cos you can’t sell for a loss, you’re become a long-term investor attending AGMs and asking management about their corporate vision.

nosa2:
Sold most of it a while ago

nosa2:
Picked up more FBNH, Zenith Bank and PZ today.

This bleeding has do.

I expect a reversal soon

handsomebolanle:
Make e try sell first… lol
He has to sell in tranches

handsomebolanle:
😁😁

innovestor:
Section iii of the same 34a could be rewoded to mean "portfolio", as long as you buy shares with the sales value (irrspective of the 150 and 10m rule) within the same year.

Namaster:
This is how it's worded in the NTA 2025:

"Provided that gains accruing to a person on disposal of shares in any Nigerian company shall not be chargeable gains where the

(i) disposal proceeds, in aggregate, is less than 150,000,000 and the chargeable gain does not exceed 10,000,000 in any 12 consecutive months,"

It means the ONLY way to escape tax is that the Sales Proceeds must be less than #150M AND the Net Gain must be #10M or less.

BOTH of these conditions must be present if you want to AVOID the CGT.

If you meet ONLY one of the 2, then you'll be TAXED.

Another way to illustrate this is:

Above #150M sales proceeds but below #10M gain = TAX.

Below #150M SP but above #10M gain = TAX.

Above #150M SP and above #10M gain = TAX.

Below #150M SP AND below #10M gain = NO TAX.

Hope it's clearer now.

emmanuelewumi:
So the writer wants us to keep on importing fuel, if he thinks refineries are making crazy margins in Nigeria he should advise other people to come into the business

Ginalex:
no try am

Streetinvestor2:
Fear not the red u see today u shall see them
more..They say we should be praising the failed government handling of the economy because he is thr village person
That thing worrying the nose will soon get to the eyes. That paper profit will be like film trick.The poverty is about to go round for all to taste. It is happening now because they have borrowed to the fouth generation. Therefore they need to get now from us

The government is doing wonderful well
What are u buying to make 50% soon..lol
Next Month this thread will become ghost town

Streetinvestor2:
It same news that move other companies in the sector most times and not results. Nothing was spectacular in saplet last result.And is not result either that is moving aradel now.Or have u seen its results

Streetinvestor2:
When the time for oando comes. I will remind u.From 450 to 900 or more is 100% and above
Oando will do more than that when the time comes

Agbalowomeri:
Are banks sympathetic to ACCESS

mikeapollo:
Lol
Oando don suffer for NGX! Only the ''prophet'' and very few ''believers'' remain loyal!

SonofElElyonRet:
Be careful of being dumped on sha

PETERiCHY:
OANDO is taking CAPTIVES while gradually heating back to 20 junction,

BARGAIN HUNTERS TAKE NOTE!!

DelilahMakinde:
SOVRENINS

TRANSPOWER

KarlTom:
I doubt.
Aside power generation, there's little left to venture into without becoming a direct competitor of Alhaji...

KarlTom:
Definitely NOT 30%