₦airaland Forum

KarlTom:
PRESCO

https://doclib.ngxgroup.com/Financial_NewsDocs/47842_PRESCO_PLC-PENDING_LITIGATION_UPDATE_CORPORATE_ACTIONS_AUGUST_2026.pdf

Good one...

Crossblueart:
DangSugar RI alloted.

Yes, I got full allotment for my rights and additional rights.

I think it's good Alhaji Dangote reduced his over subscription to help retail investors receive full allotment.

Jaakay:
I am begining to wonder if it was not better to have sold my vfd at 12.30 naira and rebought at 11.10 naira, rather then waiting for dividend of 26kobo. Anyways, in all things, i am grateful.

Hold your VFD plc position.... It should retun well if you can give it minimum of 5 years to compound

NewT123:
Congratulations to me and family!

We have finally collected the keys to our house. Thanks to Oga Lexus who made me realise that rent money is dead money. Thanks to everyone here that answered my question at one point or the other.

It’s not been an easy ride but it’s been worth it.

Congratulations...more celebrations

megawealth01:
Victor Odili will collect about $19.9 million when MTN Nigeria pays its interim dividend next month, the largest single payment to any Nigerian on the register.
The telecom operator declared ₦26 a share on Thursday alongside half-year results showing profit up 70.6 percent to ₦707.54 billion. The dividend is payable on Sept. 7 to shareholders on the register at the Aug. 20 qualification date, subject to withholding tax. Odili holds 1,065,110,916 shares, or 5.08 percent of the company, indirectly through Hermitage Overseas Corporation with 4.32 percent and Hermitage Eko Investments with 0.76 percent. That produces ₦27.69 billion before tax, and the underlying stake is worth about $657 million, with MTN Nigeria carrying a market value near ₦18 trillion.

The position has been growing quietly. He held 3.96 percent when MTN Nigeria listed in 2019, 4.46 percent by the end of 2023, and 5.08 percent now, adding roughly 258 million shares. Dividends have grown faster. He earned ₦4.8 billion from the 2020 payout, when the company declared ₦5.90 a share; this single interim payment is nearly six times that. The results behind it were strong across almost every line. Revenue rose 29.5 percent to ₦2.993 trillion.

Data revenue climbed 38.4 percent, subscribers grew by 4.9 million to 92.2 million, and average usage per subscriber rose to 14.8 gigabytes. EBITDA margin expanded 5.3 points to 55.9 percent, free cash flow rose 73.9 percent to ₦712.7 billion, and MTN Nigeria paid ₦622.6 billion in taxes and levies. Odili studied at the London School of Economics, joined Lonrho and was later posted to Beirut, then returned home to chair Brawal Shipping Nigeria within Aeromaritime Group, and holds a directorship at Mainstream Energy Solutions, which operates the Kainji and Jebba hydroelectric plants. He served as an MTN Nigeria non-executive director until Sept. 2, 2019.

Very good one....

Lexusgs430:
A car can pass it's MOT test, with tyre thread depth of 1.6MM (this would be advised)...

Any tyre below 1.6 MM, would be refused an MOT certificate....

Unfortunately, the insurance company would blame anything blameable, to avoid paying out. So the onus is on the insured, to ensure...... Everything correct..... 😁😂

NA true sha

Lexusgs430:
Thank you.... We head to Portsmouth University 2moro, to celebrate with my daughter.... 🎓🎓🎓

Congratulations Boss

Lexusgs430:
Just heard an unfortunate insurance void incident.....

Driver was compliant on all fronts (or so he thought)....

Driving licence + Valid MOT + Road Taxed + valid insurance..... Driver had an accident, insurance company recovered his vehicle, to evaluate damage.....

After inspection, his insurance was voided.....

REASON : Two front tyres, below legal limit......

Because you have a valid MOT certificate, still physically inspect your vehicles......

NA wa oo

NA de front tyres cause the accident?

Were the two tyres mentioned in the MOT as advisory? How did the car pass MOT?

Lexusgs430:
Such a proud Dad..... All road leads to Portsmouth for my Daughter's graduation this month......

She graduated with First class Honours (surely from her mother's DNA).... 🤣😊

Her Papa's DNA, nah olodo full inside...... 😂🤣

Congratulations Sir 🎉🥳

Mankind2024:
Thank you for your kind words. It is all by the special grace of God.
Sometimes I sit back and ask myself why God has bestowed this kind of grace on me. Truth be told, I am no longer even worried about my NGX portfolio.
Just look at what happened in my NYSE portfolio recently — it plunged deeply with unrealised losses of over $25,000. Yet, within a few days, it not only recovered but gained over $32,000.
Experiences like this must be shared so that others can learn. When the tide turns and a bear market comes, never surrender your quality assets at cheap prices. You may never be able to buy them back at those levels again.
By the special grace of God, I am now focused on growing my NYSE portfolio to $1 million by 2028. I believe I will achieve it, and when I do, I will post the evidence right here.
May God preserve us all till then.

You're doing well Sir....

Slow and steady investments win always....

You do not need to argue too much with anyone as you know what you're doing silently...

wanaj0:
E ku market ooo

All ETI members make una softly softly o

Waiting for Q1 results to set direction and market mood.

Make una enjoy

Patience is the key in the market Sir.......

nosa2:
Did you buy your ETI?

My average price is N7.57....bought huge volumes at N5 then....still holding.....

BabsO2:
Looks like 0.16 cents will be paid, approximately N2.16 equivalent at 1350 exchange rate

Good one from ETi.....

Yoursfaithful:
Source: TheCable
https://share.google/IOdbOqD5ug8XvwfnG

EXCLUSIVE: FG cuts tariffs on cars, palm oil, sugar in new fiscal policy measures

Good one....

elpaso007:
Hi. Good afternoon. Can you confirm if you have you been credited with the bonus shares as well? There was a proposed bonus of 1 for 5 besides the #3 dividend. As anyone else been credited with these? Thanks @Sunrisepebble

Hi,


l have not received the bonus shares. lt usually takes 2-3 months to reflect in your cscs online account.

Vitafoam Plc dividend well received....

customstreet:
Market Rumours

1. Dangote merger is said to be brewing now
2. NAHCO to pay 700k plus a bonus of either 1/7 or 1/5
3. Wema Bank to Acquire Polaris Bank

Due Dilligence and cautionary trading requires

Well done Sir.

Your insight on Berger paint plc made me enter heavy position at N10 then....the return has been massive....still holding
Thank you.

PETERiCHY:
Former Morgan Capital MD, the late Mr Dipo, recommended NAHCO to us 3yts ago when it was trading at sub #10 though we didn't buy much quantity.

He later relocated to US and we lost him last year Dec. MAY HIS GENTLE SOUL REST 8N PEACE!

This is really shocking. Peter.

The last time I spoke with him was June 2025.

I chatted with him in October 2025, and he did not respond.

I am shocked to hear this thing.

May his gentle soul rest in peace and comfort his family. Amen.

Morgan Capital Stockbroker has not notified their customers that their MD had passed away or that he had resigned from them before relocating?

It is a sad news.

OmichaelO:
We got our Keys yesterday!

Thank you everyone for all the tips and assistance.

God bless you all.

It was a journey indeed.

From 31st August when we did reservation till now.

Congratulations 🎉... More celebrations

Lexusgs430:
Remember when we had the discussion, about my gripe regarding Freetrade's SIPP charges...... 🤣😂

We have complained tire, they have finally listened..... Freetrade is finally scrapping all charges from next month...... 🤣😂

Freetrade, would now indeed be completely FREE.... 😊😁

Good one...

I just got my SIPP 20% top up... Will use it to buy more US equities and will claim remaining 20% from tax man... HMRC....

I am tempted to put more funds to SIPPS, but fear of having some tax at withdrawal time makes me have cold feet...

jedisco:
1. With a ltd co, you don't get the tax relief.
However, pension contributions are considered a business expense so you deduct the cost before paying corporation tax. If not made, you'd pay corporation tax on the money at rates of about 20% and then income or dividend tax on that sum before it becomes yours (depending on how you want to take it out). What I used to do was catch up with my accountant before my company end of year was due and they'd estimate how much corporation tax I may be due to pay. I then determine if its worth making an extra pension contribution. Also the only limit here is the 60k annual pension limit whereas with a personal SIPP contribution, you cannot add more than your taxable income in a given year. So a ltd co director with 20k taxable income can contribute 50k via their ltd co into their SIPP. If it was a personal contribution, the max would be 20k. The good thing is that you can contribute both personally and via your ltd co in same year.


2. It's impossible to estimate what the tax brackets would be when you come to retire but we can use todays rates. It's very unlikely your income in retirement would match your working income
Also, the current NHS pension is only accessible (with certain exceptions) without penalty at state retirement age. So if you want to keep working fulltime till 67 (likely 70 with time), then it's less of an issue. But if you choose to retire earlier, then robust options are needed. Unlike your NHS pension, you can access you SIPP earlier at 57. Lets say you choose to retire at 60. That leaves you with 7 years before you start drawing your NHS pension. Drawing down on your ISA and SIPP here would help you bridge that gap. Your taxable income would most likely remain in the basic rate.

See it this way: Lets say you need 35k pa after tax to live in retirement. It might not seem huge but remember that most would have paid off their mortgage at this point or at least use the tax-free part of their pension to do so.
You could take 10k from your ISA (tax free), 12.5k from the taxfree part of your pension and 12.5k from the taxable part of your pension (which would still be tax free as it's within the tax free allowance). So in essense thats 35k pa tax free. Even when your NHS and state pension kick in later, your tax bracket would most likely be 20%. The 'generous' pension system is one of the ways the UK really shines.

3. There's a lot of speculation with individual picks. I tend to veer off them in especially with my SIPP. But I see your worry. Also had same concerns too and but after years of maxing my ISA, it became clear as I understood the UK tax system that I should also look more towards my pension. From the examples above, you can see it's not as straightforward. You'd need to be living extra extra large to be paying 40% in retirement. I'm talking incomes of well over 100k not 50k. Some people even transfer most their ISA to their SIPP before retirement to get the tax rebate.
Another consideration- as a higher rate payer, the The 20k in your pension costs you 12k. The 20k in your ISA would definitely cost you more than 24k initially (remember you'd have paid 40% on the income first).

ISAs are sweet. But for retirement, not many products beat a pension. ISAs to me are good as they are offer good flexibility even before retirement. One can also use them to bridge the period before accessing a SIPP if they want to retire or cut down before 57.

Ultimately, I see these options as tools. Its better to ones quiver full so that say 5-10 yrs before retirement, they can sit down with a financial advisor and start making plans.

Thank you for your response.....I will continue with my S&S ISA and Lifetime ISA to max out the £20k annually....any remaining funds will then go to SIPP.....i no get strength to de share any percentage of my funds with the government at withdrawals sha...

jedisco:
It's a close call but for retirement, SIPP might come out better or at least equal for most especially higher rate tax payers.

The main difference being ISAs are after tax and SIPP before tax.
A 20k contribution to your SIPP would only cost you 12k as a higher rate. If the contribution is made via ones Ltd co, you dont have the personal tax rebates but it counted as an expense before corporation tax.
True one would pay tax when they come to withdraw (after the lump sum) but it would usually be at a much lower rate than they'd have paid in their working days.
ISAs are easily accessible which is a huge bonus. Many end up using their ISA to bridge early retirement or augment later retirement.

I personally pushed heavy into my ISAs earlier on but looking back, I feel I should have had an even split.

Few questions please:

1.How do I contribute to SIPP through Ltd co, will the Ltd coy receive the 20% tax relief and another 20% tax relief from HMRC? I don't have Ltd coy though...

2. Will govt not tax me 40% at withdrawal as a higher tax payer if I use my personal account for the SIPP.. remember I have NHS pension to withdraw too which will shoot me back to 40% tax bracket as income from the total pension withdrawals . What rate will the government tax me?

3. If I invest the £20k (£12k my real contribution though) in Google in my SIPP and in 20 years time the investment becomes £100k... I withdraw £25k tax free and then start to share the remaining £75k with the govt at 40% tax unlike me owning the entire £100k with ISA account without any govt chooking eyes.

Lexusgs430:
Biko, never try to outsmart your employers..... If you're sick and receiving sick pay....... Stay sick in your house and rest.......

The consequence of double dipping, might burn you......🤔

https://www.newsshopper.co.uk/news/25597536.princess-royal-hospital-orpington-former-doctor-jailed/

Very unfortunate.....contentment is a great gain in life....

Na why it is good to invest the little change you have left rather than doing locums here and there....imagine going to jail for 3 yrs at 61 yrs

Lexusgs430:
Why I hate Freetrade's SIPP account, is that annual charge.......

If only Investengine offered individual shares too and it was free (like their etf's)..... That would be the ultimate winning formula....... 🤣😂

You and the government are gambling colleagues, and they want their share of your loot....... 😊😂

Annual charge of £109 is ok for me as I like buying individual stocks and not ETFs....

It's the sharing of the loots I no come like at all.... I will always max out my ISAs before SIPP anywhere.

Lexusgs430:
When people are running away from the stock market, you should be running towards it...... The market would always recover, if you buy right....... 😉😂

A floating loss, is better than an outright loss.... When you sell in a negative position, that's an outright loss...... 😂

Just started SIPP account with Freetrade....the thing make sense....I was able to buy individual USA stocks I like like in my LISA and S&S ISA...

After maxing out LISA and Stock & Shares ISA...any other funds goes to SIPP

Make the govt credit my 20% contribution to SIPP, and I will claim the remaining 20% via self-assessment account...

I do not like that the govt will tax me the total SIPP portfolio after 25% tax free withdrawal...the govt should only tax the funds contributed and not the SIPP account profits....lol

Bukad:
Keys Alert!!!

We collected our keys fews weeks back. Still feels like a dream - semi new built, 9 years old property, Northwest England 😊😊😊

I want to specially thank @lexus for all encouragements these past few years, from advise on family, stocks investment and property.

Giving a stranger you met here direct access to you and taking your time to always pick my phone calls and wahala😁😁😁😁

We are young immigrants and being here 3 years 5 months (from student to work visa)

We used moneybox LISA and got interest of over 7k which boosted our deposit to 16 percent.

As my oga Lexus always say, the money from shift work does not smell shit.

Whatever your story here is, just be encouraged and keep pushing

In the midst of these immigration brouhaha, ensure you live your best possible life and enjoy every moment.

Take risk, make investments and congratulations to you for making that decision to buy that property anyway 😁👏👏👍💪

NB: I remember my oga lexus posting something like this last year, I subscribed to 3 investment platforms he shared, I sold one out of panic 😁😁😁(Blackrock, lost some money during the Trump market crash) and kept two. This one not doing so bad 😀😀😀

Congratulations.....more celebrations

Madeu:
This tread has been helpful. Completed and got my key today. 3 years in the UK and buying as a solo buyer -feeling over the moon. Now I can opt back to my pension.

Congratulations......

RodgersAkpafu:
I get that

But especially the black kids (boys)

Once you show signs of unseriousness

The teachers go just bone you

If you wan leave jaguda life
Its up to you
Na you sabi

They will try in the surface to do one or two discipline

If that one dossnt work
Eeyah
Tough luck
Na you sabi

That's where African parents packing care shifts left and right without caring about their kids are gonna cry and cry blood

Because they think its still Africa where you can outsource your responsibilities to teachers

Here nobody send your pikin
next year there will be new students and thats the end of it

very true....
na so i managed to teach my girl CGP kent grammer school test and she passed in flying colours yesterday

Madeu:
With 2 years and 10 months in the UK. A first-time buyer with 10% deposit. I got a mortgage with Skipton for 4.59% fixed for 3 years, with no fee. Is it a good deal? Or Look for something below elsewhere.

I think it is a good deal....

giselle237:
What of all your allowable expenses? Why are you not claiming them? You are losing alot. Exams especially if in training, GMC, Royal college fees, MDU, indemnity fees, BMA, mileage, travel expenses not reimbursed by the trust, stethoscope, uniform purchase, uniform maintenance, charity donations eg to religious bodies etc
You should register for self assessment and claim back all your professional fees in the best.
Get an accountant if this is confusing.
You can claim back up to 4 years ago.
Hmrc does not know about your personal circumstances. You need to help yourself before they still take more money from you.

Very true..

I believe he/she should be claiming most of these things you have said.

I do claim them yearly with HMRC... including the annual ISCP fees for us in surgical practice.

EJIOGBENIMI:
Thank you very much. It’s all clear now.
I called them this morning and the representative took time to clarify my doubts. Apparently I lost the 12,570 tax free bonus. My tax code was calculated with code 0L, not 1257CUMUL due to crossing 125k. That was where I got it all wrong.

Yes,
This is why you have family time than working extra time (locums) and you start to work for King Charles (HMRC)...

EJIOGBENIMI:
Can someone please help have a look if I’d paid less tax for the year 2024/2025 tax year?
HMRC said I underpaid by a certain amount(over 5k) and I have to sort it out by 31 Jan 2026. I am not convinced that I am owing up to this amount. I only had one job throughout the year(PAYE). I earned significantly higher than my predicted income for the year due to locum shifts from the same trust, and the salary increase (including arrears) paid to resident doctors last year.
I have ran my payment information, p60 and every other figures through some online tools, including chatgpt, it’s pointing out to me not owing. I’ve rang hmrc, the lady that attended to me was not really patient enough to run me through how they arrived at this underpayment. She was only interested in how I can pay it off bit by bit. Can’t deduct it from my salary as my tax code has already been altered to accommodate the deduction for the underpayment for 2023/2024 tax year.

If you have the HMRC online portal and login, they usually break down the whole earnings down in the letter they sent to you and how you under paid tax.

In my experience, most of their calculations are usually correct when l compare it with my payslips for the tax year.

I think you should do same thing. No need for chartgpt thing.