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Redoil's Posts

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NYSC › Re: Pregnant Corps Member Attends POP While In Labour, Welcomes Baby Same Day by Redoil: 7:00am On Sep 30, 2025
a pregnant mom who has been given expected date of delivery
how true is this story for bloggers can lie a lot.
Politics › Re: Tinubu Should Do Something On This Trade Unions , Enough Of This Harassment(pix) by Redoil: 6:58am On Sep 30, 2025
do you even understand the genesis of the issue or like a spam bot you just type gibberish as as usual
helinues:
Both the union and the Dangote group are self centered as what they are dragging about is for their own selfish gain
Foreign Affairs › Re: Microsoft Disables Israeli Military Services After Guardian Investigation by Redoil: 6:56am On Sep 30, 2025
lies of the highest order.
those Arab never knew that it wasnt only Microsoft but even thier smart TV, their Smart wristwatches and any thing smart electronics that uses software developed by the western world and china is been use to spy on them
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 10:36am On Sep 26, 2025
if capital gain tax is 25% and interest on loan is 27% which one will go for
megawealth01:
1. Income vs. Wealth: Understanding the Basics

Ordinary people usually earn income from salaries or wages. Salaries are taxed heavily (in many countries, at rates of 20–40% or higher).

Rich people, however, focus on building wealth (assets like real estate, stocks, businesses, or intellectual property). Wealth can grow in value without being taxed until it is sold.

2. How Debt Comes In

When rich people need money, they don’t usually sell their assets (because selling would trigger taxes like capital gains tax). Instead, they:

1. Buy Assets – e.g., real estate, stocks, or businesses.

2. Borrow Against Assets – They use those assets as collateral to get loans from banks.

Example: If a billionaire owns #100M in stocks, they can borrow #20M from the bank using the stocks as collateral.

3. Why It’s Smart: Loan proceeds (debt) are not considered income, so they are not taxed.

3. Why Debt Isn’t Taxed

Tax laws only tax income (like wages, dividends, or realized capital gains).

A loan is not income, because it has to be repaid. Therefore, if a rich person borrows against their assets, they get cash in hand without a tax bill.

4. Using Debt to Grow Richer

Wealthy people don’t just borrow money to spend it recklessly; they use debt as leverage to grow:

Buy More Assets – e.g., borrow money to buy more property or stocks, which then generate rental income or dividends.

Business Expansion – use loans to scale businesses, increasing long-term wealth.

Lifestyle Spending

Without Selling – they can fund a luxury lifestyle (houses, jets, cars) with loans, while their assets keep appreciating.

5. Extra Benefits

Interest Deductions: In many countries, interest payments on certain types of debt (like business or real estate loans) are tax-deductible, reducing taxes even further.

Asset Appreciation:

Assets like real estate and stocks often grow in value over time, so their wealth increases while they’re borrowing tax-free.

Estate Planning: Some use debt as a way to transfer wealth to heirs while minimizing estate taxes.

6. Practical Example

Suppose a billionaire owns #500M worth of stock in a company:

If they sell #50M of stock - They pay capital gains tax (say 20%) = #10M tax. They’re left with only #40M.

If they borrow #50M from the bank using the stock as collateral → They get the full #50M cash, no taxes due.
Meanwhile, their stock continues to grow in value.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 12:01pm On Sep 22, 2025
simple and short kwestion
when will they start paying 5% as dividend and become profitable
essentialone1:
Nigeria’s pioneer integrated agro-industrial company, Ellah Lakes Plc, says it has secured over 7,800 hectares across Enugu, Edo, Ekiti, and Ondo states, with 700 hectares cleared, 45,000 oil palm seedlings planted and another 40,000 in the nurseries, positioning the company for future scalability and yield optimisation.

This was disclosed in its published unaudited financial results for the 12-months, which ended on July 31, 2025, highlighting the firm’s continued revenue progression and strategic milestones that support long-term growth.
Politics › Re: 'we Are Finished ', Peter Obi Reacts To Tinubu's Wife Birthday Request by Redoil: 10:35am On Sep 22, 2025
National Library of Clowns.

How many people have the luxury to visit a library
Politics › Re: “nigerians Are Finished” — Peter Obi Reacts To Remi Tinubu’s Birthday Request by Redoil: 10:33am On Sep 22, 2025
National Library of Clowns.

How many people have the luxury to visit a library
Politics › Re: Rivers LG Election Was Discussed In Fubara’s House – Wike by Redoil: 10:03am On Sep 19, 2025
story to scare children from the dark
Igirigimercenar:
Wike, one day, you will pay for all this

You have assumed yourself the president of this country. You think you can do and undo and get away with it

I really pity the vice president of this country shaaa. Nobody hears from him anymore. Even the ministers, nobody hears from them

Who is even the minister of information and communication self?

Wike has assumed all of these positions for himself simply because he rigged election for Mr tinubu
Politics › Re: Shamsideen Oladiti: Police Arrest Lagos Island NURTW Boss Over Murder Allegation by Redoil: 10:01am On Sep 19, 2025
waste of time and resources if he support the right politician then he is free to kill more
seun and the mods should complete the rest
Crime › Re: FBI Arrests Nigerian Hacker In UK For $235,000 Cyber Fraud Against U.S. Versity by Redoil: 9:59am On Sep 19, 2025
this a case of give a dog a bad name and hang him
.
seun and the mods should complete the rest
Education › Re: Smoking & Drinking At Excel College, Ejigbo: Lagos Government Investigating by Redoil: 7:55am On Sep 18, 2025
most of the elite children schools does that and the teachers and owners will keep quiet just for the sake of the huge amount of school fees they are receiving
descarado:
Acidosis, remember our discussion the other day.

This is small compared to what you see in so called elite schools that will give your child the connections you think he or she need to surge forward. And it happen all over the world.
Teachers do not have a say at all. Talk anyhow, they will report you to their parents and you will be sa'cked.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 2:20pm On Sep 17, 2025
ohun ti o da ko loruko meji.

methink people should be free to protest reforms that they feel are not working and not making sense
though it might make sense to you by hoping that it might work someday
crownprince2017:
Its only one region that never seen the reward of this reforms because they are wicked to each other in the name of making money.

If your region is good for business, there would be enough competition to bring price down.

Person wey never fix his home want fix Nigeria , no be juju be that. grin angry
Foreign Affairs › Re: Images Of Trump And Jeffrey Epstein Projected On Windsor Castle In UK by Redoil: 9:30am On Sep 17, 2025
they want the same treatment trump has meted out foreigners and muslims to be replicated in their country
helinues:
UK generally are having issue with both Trump and USA considering their antics lately
Politics › Re: Japa And The New Slavery: Freedom Or Bondage? by Redoil: 9:27am On Sep 17, 2025
where does tinubu go to toilet? France.
where does tinubu goes to treat Malaria? France
where does tinubu goes on vacation? Sambisa Forest or France

ariesbull:
When Nigerians say “I wan Japa,” it sounds like freedom. But in reality, for many, it has become a new kind of slavery.

Yes, people leave because of hardship—no jobs, insecurity, broken schools, collapsed healthcare. But the story abroad is not always the dream Instagram sells. Too often, it’s depression, loneliness, and frustration. Imagine leaving Nigeria with a degree, only to find yourself cleaning toilets in Germany or working 16-hour shifts in a UK care home. Starting all over again in a foreign land feels less like a fresh start and more like a wound to the soul.

The shame is real. Many migrants cannot tell their families the truth about their struggles. They send home edited pictures with smiles, while in reality they battle anxiety, racism, and the emptiness of being far from home. Years pass, and instead of joy, there’s regret—“Have I wasted my life?”

This is why I call Japa neo-slavery. Not with chains, but with papers, bills, and endless hustling. In the old slave trade, Africans were forced out to build the West. Today, we leave willingly, pouring our youth, skills, and energy into foreign economies while Africa is drained of her best minds.

Of course, not every story is bleak. Some succeed, some send money back, some create opportunities. But as a people, we must ask: are we truly free if our brightest sons and daughters are stuck in cycles of shame, depression, and survival in lands that will never fully accept them?

Real liberation will not come from escape. It will come from rebuilding at home, so that leaving is a choice—not a desperate run into another form of bondage.
Family › Re: Country Bans Forced Marriages & Bride Kidnappings - To Protect Women’s Rights by Redoil: 2:46pm On Sep 16, 2025
bring it to the north and some part of west in nigeria and see a massive riot
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 9:52am On Sep 15, 2025
ohun ti oda ko loruko meji
crownprince2017:
2027 election is just waiting for formalities, that guy you hate so much will complete his 8 years in asovilla either you like or not.

No sensible person will ever compare tinubu as a politician to Jonathan, it's too far.

Thinking tinubu will be removed in office like Jonathan is a joke taken too far..even a well respected obasanjo knows this fact with absolute certainty.

Not even with the crop of politicians we all know are vying for their respective parties ticket. None of them come close, all of them know this fact.

Tinubu will be too much for them. grin grin

They all called him jagaban for a reason. wink
Politics › Re: Tinubu’s SSA On Citizenship Appoints Two DGs, Five Media Aides by Redoil: 7:38am On Sep 15, 2025
appointing a whole village to do the job of one man
.
In a document containing the appointments seen by TheCable, Ja’oji appointed Ibrahim Farouk and Ahmad Saleh as DGs on political matters and media & digital communication, respectively.

He also appointed five other media aides, including a special assistant media, a technical assistant for media, a media aide I, a media aide II, and a media aide III.

Those appointed are Muhammad Sabiu Adam (special assistant media); Abbas Uba (technical assistant media); Mustapha Yusuf Waziri (media aide I); Usman Shuaibu (media aide III); and Safiyanu Mohammed Yunusa (media aide III).
Politics › Re: One Passenger Killed, Nine Injured In Lagos-ibadan Expressway Accident by Redoil: 7:08am On Sep 15, 2025
unending road obstruction were the main causes of the crash.
Casualties.
Travel › Re: Tragedy At Ogudu Flyover: Pedestrian Dies After Hit-And-Run Attempt In Lagos by Redoil: 7:05am On Sep 15, 2025
too many mad drivers in Lagos behaving as if the road is their personal properties
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 1:45pm On Sep 14, 2025
crownprince2017:
God bless you my brother.

When you see people that listen to our friends from agulu for economic statistics, you will know. grin grin

Sometimes ago, he converted the external debts before and after this government to promote his narrative, forgetting that we go school for here. grin grin

Do people even need to twist data to campaign, is that not supposed to be a red flag or we should assume it was not intentional. cool
no be me talk am oooooooooooooooo.

.

only on paper.

“The little amount of money I made while running my business was enough to handle most of my needs, then. Now I earn more here, since the wages have been reviewed, but despite that, that amount can only get me about one-third of the items I was earning then could get me. Until we begin to see the effects of these reforms, positively, it would be foolhardy for us to celebrate,” he stated.

Adesuyi believed Ajayi’s comments captured those of many Nigerians presently living below poverty line. He would want the government to be intentional in ensuring this class of Nigerians is taken out of poverty.

One of the ways, he explained, is to strengthen the naira, since the nation’s present economic woes, he stated, had to do with the declining fortunes of the nation’s currency.

While charging Nigerians on the need to be hopeful, Alaje would, however, want the government to do everything within its power to sustain the ‘little gains’ it had recorded in the area of currency stability.

“One of the ways government can do that is to discourage the use of foreign currency during electioneering period. For instance, it should ensure there is no such exchange of foreign currency either for delegates, or any other politically-exposed persons as the elections in 2027 draw nearer,” he stated.

The renowned economist warned that ignoring such warnings would again put pressure on the dollar, and ‘evaporate’ whatever gains had been made in the area of currency stability.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 1:43pm On Sep 14, 2025
crownprince2017:
People just like to display their ignorance probably because of their hatred, nobody said they are doing everything right but that doesn't mean you should be giving us what doesn't exist as a result of either ignorance or lies.

The significant increments you see in Nigerian debt was not as a result of this government borrowing but as a results of past government debt not recognized as debt via ways and means which the new government now put in order.
Stop spreading fake information.

Macro economics is not what anybody can dive into...this is not buying fake spare part from aba and sell it in Lagos as original.
sad sad
@stokfrik

only on paper.

“The little amount of money I made while running my business was enough to handle most of my needs, then. Now I earn more here, since the wages have been reviewed, but despite that, that amount can only get me about one-third of the items I was earning then could get me. Until we begin to see the effects of these reforms, positively, it would be foolhardy for us to celebrate,” he stated.

Adesuyi believed Ajayi’s comments captured those of many Nigerians presently living below poverty line. He would want the government to be intentional in ensuring this class of Nigerians is taken out of poverty.

One of the ways, he explained, is to strengthen the naira, since the nation’s present economic woes, he stated, had to do with the declining fortunes of the nation’s currency.

While charging Nigerians on the need to be hopeful, Alaje would, however, want the government to do everything within its power to sustain the ‘little gains’ it had recorded in the area of currency stability.

“One of the ways government can do that is to discourage the use of foreign currency during electioneering period. For instance, it should ensure there is no such exchange of foreign currency either for delegates, or any other politically-exposed persons as the elections in 2027 draw nearer,” he stated.

The renowned economist warned that ignoring such warnings would again put pressure on the dollar, and ‘evaporate’ whatever gains had been made in the area of currency stability.
Business › Re: CBN Cracks Down On Ghost POS Terminals With GPS Tracking by Redoil: 4:23pm On Sep 12, 2025
stories that will never come to reality

Complaints to or against moderators must be sent privately. Please don't disobey, disrespect, or defame them.
Foreign Affairs › Re: Breaking News: Charlie Kirk's Killer In Custody According To President Trump !!. by Redoil: 1:26pm On Sep 12, 2025
you think it is Nigeria.

Don't threaten, support or DEFEND violent acts against any person, tribe, race, animals, or group (e.g. rape).
helinues:
That's only if they have the right guy in the custody..if the killing is state killing like JFK, we can never know the truth
Crime › Re: Fishermen Or Thieves At Apapa Port? (Pictures) by Redoil: 7:53am On Sep 12, 2025
that is the problem of Nigerians. facilities that were installed more than 60years ago and they are blaming the malfunctions on the innocent fishermen
instead of them to Point their finger towards the port facilities maintenance and security team, and those hausa truck drivers, if you suspect it was stolen
BlackyOne:
You lie!
This has nothing to do with fishermen!
This fenders suffered from mechanical and environmental failures.

Don't also forget the marine police checkpoints on that area (wharf, breakwater, ladol/SHIN to tincan, nigerdock, Liverpool, kirikiri etc) is much more than any land checkpoint in Nigeria.

Point your finger towards the port facilities maintenance and security team, and those hausa truck drivers, if you suspect it was stolen
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 7:01am On Sep 09, 2025
i remember somebody buying 7 million units oando at N65
nosa2:
There is a lot of dumb stolen money in Nigeria oh. Don't assume just because you see a big trade that the trader has sense
Phones › Re: Computer Village: Lady Breaks Down in Tears After Finding Fufu in New Phone by Redoil: 6:30am On Sep 04, 2025
that was how they took this trade to ghana south africa, kenya, afganistan and other countries, causing hatred for all nigerians and become the richest tribe in the world
Politics › Re: Wike Flags Off Construction Of Multi-event Sports Centre In Abuja by Redoil: 6:09am On Sep 02, 2025
Laws should be made to stop all this rubbish of flagging off the construction of a new white elephant project for people to see and clap for them. They will flag off and abandon the project
.
Only the completion of any project should be announce
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 2:11pm On Sep 01, 2025
`what did yous see in that stock
faoogoke:
I just got into the VFD boat at N11. Medium term hopeful.
Foreign Affairs › Re: Russia Sinks Ukraine's Largest Ship Using Sea Drones, Crew Members Killed (Pics) by Redoil: 7:45am On Aug 29, 2025
According to the ministry’s statement, a high-speed unmanned boat was used to strike the Simferopol, a medium reconnaissance vessel of the Ukrainian Navy. As a result of the attack, the Ukrainian ship went down.
.
lies from the pit of hell

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