₦airaland Forum

megawealth01:
COY wey don recover

How does dangsugar plan to repay their loan, cos as of now, finance cost still eats into their profit quarterly, while the debts continue to be rolled over.

Locotrader:
Wow,
Let's check the OS of all the listed insurance companies.
We have reasons of clinging on Royalex.
Apart from Iei with 1.2b units,Nem 5b units,sunu 5b units,Guinea 7b units,the next is Royalex 8b units.
There are ones with 20,25,30+b units.

If you follow Loco,you no go miss road but I no go fit carry you for hand

Apart from a few good insurance companies, the majority of them are not doing well and are not honest to their share holders. Except for repricing of stocks due to inflation(which was even supposed to be based on inflation induced increase in top and bottom lines, reflected by Increased EPS) and majorly raising of capital tru maybe RI, nothing organically justifies the increase in share price for most of them. The more reason increasing their shares outstanding will affect their future valuation including those with little OS.
So I think even after their prices are pumped to their desired level for raising capital, investors will still dump them downwards to the right share price.
So this rally is not sustainable in the medium to long term, not to talk of catalyzing a $1trillion dollar economy.

Benbuffet:
As you are enjoying the insurance loot, don't forget to beat them at their game. Jump out before they do.

Why should they jump out now when they ere supposed to make 200 - 300 percent profit no sooner than later.
Recapitalisation of these insurance companies may most likely dilute there outstanding number of shares thereby making most of them more over valued. Hence my initial stance on trading them with caution.

Locotrader:
How old are you in this business?
You have a free information without payment that most insurance are going to do 200/300% and you are here talking of dividend.
Anyway,everyone can't be making money at the same time.
Some will be rich while some will be middle class and others poor.

INSURANCE SECTOR THE NEXT BOOM.

Oga pls stop chest beating indirectly, this is a faceless forum and you don't know me In person. Where your wealth stop is where another person's wealth starts.
I just aired my opinion and I am free to do so. You can air yours without belittling mine.
And mind you none of us here can control or predict stock prices accurately in the long run
Cos, if you're so sure of yourself 100percent, then give a definite time frame for your 200/300 percent, otherwise your throwing around of these figures here and there amounts to just speculation.

In my view, since most of these insurance stocks have poor dividend pay out ratio, 1 think one should thread with caution when dealing in them

Abeg my people apart from Morgan capital which other 2 or 3 broker(s) make sense with realtime platform and pocket friendly trading fees.

Mpeace:
You are correct. Thats confusing. Why would they do such.

Meanwhile lots and lots of money entering WAPCO

This annualising of results is quite deceptive and should be discouraged. One might think nascon is extremely undervalued whereas it's slightly overvalued.

This is serious! The rate at which some stocks are being marketed here repeatedly is quite alarming. Even when their fair value have been surpassed! sometimes, 1 begin to wonder if the intentions are selfish or selfless.
We really need to be careful here.

The EPS for royalex for H1 2025 is supposed to be 0.183 instead of 0.37 as stated in the result.
PAT is 1,514,789,000 naira
Share outstanding is 8.27 billion shares.
So how come the 0.37 EPS or was it annualized?

unite4real:
Based on the H1 results of the 3 cement companies, WAPCO still has the least PE ratio on an annualized eps.
Still the cheapest

Technically, from the weekly charts dangote cement is at a support level and has the ability to do x2 from present price before dividend payment by April 2026.

SonofElElyonRet:
Obviously if insiders are buying in their names, they can be identified.. but no one cares

After the price has moved like 50percent then, they release results and start dumping on gullible investors.
Same thing they do with sensitive info like rights issue

megawealth01:
The game is the game

Oh it's a game. Ok

Corruption is what will keep killing everything in this country including the ngx. Every now and then they'll come on the news and be urging nigerians and local investors to take advantage o the NSE, but how will it work when the system cannot be trusted? The level of insider trading going on in the Nigerian stock exchange is alarming! All those who work there and in the quoted companies, are deeply involved in this!
Before a company's result comes out, they've already seen it, and the price have moved far even before it becomes public.
Highly demoralizing!!
It's a shame really.

Has access bank completed their recapitalisation.

Phlinx:
Be careful Morgan capital is having realtime feed issues. You will not be able to see what is happening in the market!

So which broker can we get realtime prices for now

PETERiCHY:
This exactly my 20yrs in NSE and by GOD'S grace some of us will turn 47ys this month. We started BUILDING our RETIREMENT BENEFITS since 2023, So no much strength for JIJO like my friend LOCO

Peter my man, very very funny guy
It only took time for some of us to understand you.
I vividly remember those years back on this forum when your jokes day cause quarrel.

Mpeace:
Bawa. I have had personal experience with this man. I remember when he was in Port Harcourt, just before he became head of EFCC. A matter I handled in court...
If I have to judge from that experience, then I will advise you not to take that book seriously.
Also remember all the uncleared allegations made against him with respect to disposal of seized properties.
Nigeria is corrupt, with or without subsidy.

Abeg help me tell am. The guy is just annoying.
Answer the simple question, e dey tell me make I go read book. People like this justify the the fact that Nigeria has not only leadership problem but most importantly followership problem. They've gotten used to swallowing all the sheet shoved down their throat, too dumb to question any.

KarlTom:
I'm not playing advocate here but we need to understand that these are painful changes that must be effected.
We can argue the mode of enactment but trying to vilify the government is not too good.

I recall many citizens also kicked against subsidy removal because "it was one of the benefits the masses get from the government".

This same subsidy almost ran the economy aground...

So what have you benefited from subsidy removal other than inflation which anyways is even still under reported

ositadima1:
Evaluating Each Strategy:

1. Be a Sole Proprietor; Register Your Business:

Effectiveness: Partially effective. Registering a business is standard. Sole proprietorships are taxed under Personal Income Tax (PIT), which can have different rates than Company Income Tax (CIT). The main point is that business profits are still the individual's income for tax purposes.

2. Borrow to Invest; Use Your Portfolio as Collateral:

Effectiveness: Works for the borrowed amount. You don't pay tax on the principal of a loan. Interest expenses on loans for business purposes can be tax-deductible. However, any income you generate from the investment made with the borrowed funds will be taxable. This strategy helps with the initial capital, but not the eventual profits.

3. Use Your Business to Cover Family's Day-to-Day Expenses & "Business Retreats":

Risk: Extremely High. This is a common red flag for FIRS. While legitimate business expenses (like actual travel for work or professional training) are deductible, claiming personal family expenses or extravagant "retreats" without clear, verifiable business purpose is very risky.

Tax Rule: Expenses must be "wholly, exclusively, necessarily, and reasonably incurred" for the business. Personal expenses typically don't meet this test. FIRS can disallow these deductions, leading to higher tax bills, penalties, and interest. Comparing it to how politicians' expenses are covered is not a valid legal argument for businesses.

4. Furnish Your Home & Office with Business Funds as a Director:

Risk: High. Similar to point 3, while office furnishings are business expenses, claiming personal home furnishings or excessive items without clear business justification is an aggressive move. FIRS will scrutinize the primary purpose of such acquisitions.

5. Offshore Accounts (e.g., Isle of Jersey) or Citizenship by Investment:

Risk: Complex and Under High Scrutiny.

Offshore Accounts: Owning offshore accounts isn't illegal, but Nigerian residents are taxed on their worldwide income. Income earned offshore must be declared to FIRS. Failing to declare it is tax evasion with severe penalties. Global efforts like the Common Reporting Standard (CRS) make it increasingly difficult to hide offshore assets and income.

Citizenship by Investment: Gaining a second citizenship offers benefits like easier travel. However, if its primary aim is to avoid Nigerian tax obligations on income tied to Nigeria, it could be seen as an aggressive avoidance scheme or even evasion if tax laws are broken. Nigeria has rules on tax residency, and a second passport doesn't automatically exempt you from Nigerian taxes if you are considered a resident. The mention of Panama highlights the intense global scrutiny on such arrangements.

6. Employ Family Members for "Non-Taxable Minimum Wage":

Risk: Potentially High Abuse. Employing family members in a legitimate business is fine, but the payments must be for actual work done and at market rates. If the "employment" is fake, or wages are disproportionate to work, FIRS can disallow deductions. While minimum wage earners may be exempt from PAYE (Personal Income Tax) if their total annual income is below a certain threshold (e.g., NGN 70,000/month), the business still needs to justify the expense as legitimate for its operations.

7. Hire a Company Accountant or Bookkeeper:

Effectiveness: ESSENTIAL. This is the only truly sound advice. Accurate and detailed record-keeping by a professional is crucial for defending any deductions and ensuring compliance. Without it, none of the other strategies can be substantiated.

8. Designate a Room in Your House as Your Business Address; Transfer All Domestic Bills to Business:

Effectiveness: Partially works (with strict limits) / High Risk of Abuse.

Home Office Deduction: Nigerian tax law allows for a portion of home expenses (like rent, utilities) to be deducted if a part of your home is genuinely and exclusively used as a business office. This is usually pro-rated (e.g., based on the percentage of space used).

"Transferring all domestic expenditures": This is where it gets problematic. Claiming all electricity, fuel for generators (which power the whole house), etc., without clear separation or pro-ration for actual business use, is an aggressive overclaim and likely illegal. FIRS will disallow the personal portion.

9. Directors Earn Zero Salary; Only "Non-Taxable Allowances" & Aim for Refunds:

Risk: Problematic and Misleading.

"Zero Salary, Non-Taxable Allowances": While some legitimate expense reimbursements are non-taxable, disguising significant payments as "non-taxable allowances" to avoid income tax is a common form of tax manipulation and will likely be challenged as an attempt to hide taxable income. Director's fees are generally taxable.

Refunds from Losses: You only pay tax on profit. If a business genuinely incurs more allowable expenses than income, it reports a loss, and no tax is due. However, if these "losses" are created artificially by claiming personal expenses as business deductions, FIRS will re-assess, disallow the improper deductions, and then tax, along with penalties, will be due. Aiming for consistent annual refunds in such a scenario would trigger deep audits.

10. Year 1: Capital Loss; Year 2: VAT Refunds... "Undertaker Buried":

Risk: Aggressive and Misleading.

Capital Loss: Businesses can genuinely incur capital losses. However, engineering a "capital loss" for tax purposes without a genuine economic reason (or by misclassifying expenses) is a red flag.

VAT Refunds: Businesses can claim back input VAT (paid on purchases) if it exceeds output VAT (charged on sales). This is a standard process if a business is genuinely VAT registered and has legitimate transactions. However, presenting this as a general strategy to "bury" the tax system suggests pushing the boundaries beyond legitimate VAT mechanisms.

If you use this same energy used in typing all these in abid to pressure struggling and poor citizens, to force our politicians to stop embezzling public funds first, I think you would not need to convince citizens to pay tax.
Talk of putting the cart before the horse.
Except you're somehow directly or indirectly benefiting from the ongoing rip-off

If you use this same energy used in typing all these in abid to pressure struggling and poor citizens, to force our politicians to stop embezzling public funds first, I think you would not need to convince citizens to pay tax.
Talk of putting the cart before the horse.
Except you're somehow directly or indirectly benefiting from the ongoing rip-off

Pls where can I get a very good rewire to check my car for parasitic drain. I was driving my car and parked to ease myself. After that, When I tried restarting the car it refused to start. But the dashboard screen light on the driver's side would come on.
The red battery icon light was showing steady. I called my mechanic and he said the alternator is faulty and not charging the battery. We changed alternator and the battery light disappeared and the car started.

After a few days, one morning I dove to work, parked it. After close of work wanted to drive home and it refused to start, called a battery charger, he said battery was down we jump started the car, I got home, parked, then the following day car refuses to start. Called my mechanic he said could be the battery is bad or a drain on the battery while car is parked.
But I also noticed that if I restarted the car 5 minutes after parking, it would start except when left for long hours before restarting.

What could be the problem.
Secondly I have heard of how rewire guys turn simple electrical faults onto complex ones, so, I am scared.
If it's a parasitic drain is it a simple problem that the average rewire guy can handle?

Finally if I am to get a new battery what best brands should I go for

Locotrader:
How did you arrive at 4%?
Simplify it

I mean approximately 2% for buy and 2% for sale. Each 2% includes Sec, vat, stamp duty & cscs in addition to brokerage fees.

So in the light of these how does atlas compare?

awesomeJ:
Yes.
Buy at 0.4%
Sell at 0.6%

Thanks to Loco, I would never have known.

Pls does this include cscs fees and other charges or it's just their own fees excluding
Cscs.
For eg Morgan capital total fees for buy & sell is 4%

awesomeJ:
@Locotrader,
Thanks again for your recommendation of Atlas.

I had my first session with them today and it was 56:44 56% of my trades through them, 44 through MCSE, Even though the bulk of my fund is still with MCSE.

APEL, while their fees are right, trying to do active trading on their platform is perhaps harder than getting Nigeria to become debt free 😁 or maybe just as hard.

Is atlas real time trading and what are their total charges for buy and sell

Pls I want to sell my Treasury bills I bought on the secondary market with stanbic secondary market. I've only stayed for 1 month but the total duration was supposed to be for 5 months. I need to redeem the money for an urgent need.

Pls are there going to be any deductions from my money and pls at what rate.
I'll appreciate anyone with info or past experience on this

Pls are there currently any headwinds on dangsugar that should make one exercise caution? Thinking of going into it.
Secondly is it too late to enter NB or waiting for a pull back is better.

Pls are there currently any headwinds on dangsugar that should make one exercise caution? Thinking of going into it.
Secondly is it too late to enter NB or waiting for a pull back is better.

Good day bosses in the house, pls how do how access and apply for t-bills on the secondary secondary market using the stanbic online platform

Care4:
Pls are they still a good broker with pocket friendly charges. YES
Do they still offer real time self trading platform? YES
Or is there any other better platform that seamlessly offered the above features? Not likely. Morgan is still the leader.

Thanks for the heads-up

Dear fellow veteran investors, pls,
I left Nigerian stocks few years ago. Traded with Morgan capital.
Pls are they still a good broker with pocket friendly charges.
Do they still offer real time self trading platform?
Or is there any other better platform that seamlessly offered the above features?

dollarnaira:
What spec do you need?
Few Jinkos still available.

I opted for fouani because they came highly recommended, so
How do I guarantee the quality of these panels

So, apart from fouani, is there any other place where one can get original jinko panels.
Fouani is out of stock for the cost effective specs of jinko panels I would have love to get