₦airaland Forum

Streetinvestor2:
They said the cap is 50 million. How about if ur business is not Ltd but sole proprietorship

Separate that business from yourself with a Ltd.

Joyful365:
The Nigeria Tax Act 2024 has been signed into law and it's set to take effect from 2026.

The tax act effectively increases the minimum tax rate for everyone and also increases capital gains tax from 10% to 30%.

The packagers of bulaba will make it seem like balablu has done Nigerians a lot of favour by making certain provisions for low income earners but they'll not tell you that the inflation and increase in price of every good and service in Nigeria has rendered those provisions ineffective against protecting anyone.

The first thing they're already planning to do with the increase in revenue from increased taxes and widened tax net is to increase the salaries and allowances of elected politicians - not increase minimum wage, fix electricity, insecurity and food shortage crisis.

The unskilled NLC should wait for the next review by 2027 according to law(cum election campaign promise). They are paying for their myopic view of events.

Just so you know, the new MTEF of this gov't has set borrowing ceiling at ~67% Debt-to-GDP ratio.

Make of this information what you can.

Joel 2:8

Habakkuk 2:2

oluwaleokey:
Gurus in the house please i need guidance regarding my insurance policy issue, i know this might not be the right thread however its still boils down to investment.

Five years ago, I subscribed to the Flex Edu Insurance Policy with First Bank Insurance for my daughter’s education,

In no particular order:
If it's feasible to pay them a visit, do so.
Report them to NAICOM.
If you're close friends with a lawyer, see if a letter can be sent across.

Watch Oracle.
Steadily heading downwards, 215 key levels. Plan entry points. A good buy for the long haul.

megawealth01:
LASACO. Seems the guy dumping since last week is tired. He should let LASACO fly abi soar to greater heights

If JAGABANomics won't favor LASACO na who again will enjoy this insurance balablue

All we witnessed were minority plays in the insurance sector. We are waiting on the substantial holders.

As for lasaco, almost 50% free float. So much drama in there.

In my naive state, I remember saying "Access was a good investment plan for a 1 yr child back in 2020 or 2021." Today vindicates that.

As for accumulation, as long as there are perceived potential acquisitions, accumulation will persist. It's gonna be good for that child when he's 16 years old. All things being equal.

High Sensei Oga Emma, the evidence you put before this honourable house simply means it can go any way.

Take note people. Calculated risk.

ppogba:
Pastor, dem no dey tell pikin make hin no contract leprosy as long as the pikin fit stay inside the forest alone.

Member, parables were replaced with AI.

To appease the gods, please buy within the books.

To my elders, I salute.
I did not build my portfolio by being "careful" over the past 5 years, most notably the last 2 years( it doesn't warrant "carefulness"). Calculated risks were leveraged.

The ELLAH road is without doubt not a straight path. If you're not able to bounce back( in case of any eventuality) of which the worst case is a physical attack on biological assest, kindly stay out. You can call it gamble, I call it high risk-high reward.

Know what you buy and why you buy!

nosa2:
That's a possibility. It's also very possible we would not touch N19 for another 10 years.

There's likelihood of acquisition. A window that will always be open.

Of gross premium, global players and little baby sharks.

Did anybody see a deadline date? I've been scouting the web and NAICOM site has been taking a while.

The noise of insurance is draining other good picks. Spot them oo..

UPDC is the classic "village and the monkey" story , but be not afraid.

Olaide1295:
This same argentina that it's citizens are crying on the internet?
Visual comparison of argentina with Nigeria below:

I hope you read the metrics you sent across. Again debt is good, how you deploy is the problem.

HesInMe:
Comparing absolute (raw) stock prices is virtually meaningless. Value is better assessed through benchmarks, like price-to-book ratios, or normalized stock performance over time.

I apologise sir. I'd do better next time. Book value it is then.

On the US exchange, the best bank trades in the circa 200$ region,

The best insurance company is about ~17$
..

I just need the best to attain 0.5$. Even our banks are not there yet..

Fred2020:
In my view, if July 2026 is the deadline, they should be discussing fundraising options and kicking off M&A talks ASAP. M&A deals take months to close, and the longer they wait, the pricier it’ll be to buy out rival competitors.

I expect some to begin openly discussing their options this year or early next year.

I'll be keep the bulk of my insurance stocks come what may, I have enough fat to take any temporal dip.

Honestly they should have just wrapped this thing up by december so everyone can have Christmas chicken by November.

But stakeholders need to protect stakeholders and little babies need to pull a hat from a rabbit or vice versa..

Na money we all dey find..

Picture this Scenario:

#25 per share over 1b OS private placement

Deals get signed.
Market maker gets to work to achieve minimum 20% float.
Case closed.

"Order 101: Pump by declaration"

🤣🤣

Oasisblue:
So, you would favour a welfarist system that eventually impoverishes the State, like in Venezuela? I wish Hugo Chavez is alive to see the fallout of his welfarism. The current government in Nigeria is doing well with the reforms. The attendant human suffering is sad, but that's the price to pay. I wish, thoguh, that lavishness and corruption in the corridors of power are curtailed. That's my main grouse ATM.

Words of a privileged person, but I don't fault you. There's Argentina for example. But oh well.

mikeapollo:
The main goal and objectives of a govt. is to improve the welfare, security and wellbeing of the people, especially the majority. Such goal is not to carryout or embark on the so called ''reforms''(sic)
Any kind of ''reforms'' or ''initiatives'' that fail to achieve these goals are virtually meaningless or poorly thought-through or outright useless
We have been witnessing ''reforms'' and ''reforms'' since when IBB introduced SAP (and even before then), what is the benefit?

Sadly, at this point in time, you are not one of us-majority . That you have access to information that has led you to quadrupling your portfolio in the past 2 years makes you part of the peope his focus is on- the smart, business savvy individuals. Be it hook or crook

For those of you who have "people in the abroad" ask them how much is their mandatory monthly insurance bill.

Bulaba is running a highly capitalist environment for a populace with low education- be it skillwise or academic. That's why putting food-on-the-table is paramount to the average man in all of his reform.
"No be reforms we go chop"-An ill-educated response from a genuine place.

Kerefi:
Don't mind me oo.

I bought BUA cement at 161 . When it got to 183, I refused to sell. Later sold at 172. Today it's 168. I missed 11 Naira per share if I had sold at 183. Sometimes, it never goes up

You build skin in the game. Peterichy gave me this in 2020 neimeth went on to do 200%. I quit very early.
.🤣🤣

crownprince2017:
Insurance for his jijo on stocks ba..

Even this one needs to be reinsured🤣

Locotrader:
Loco is also an importer in some of these computer accessories.

We still have good time to play this stock game heavily.

Loco do you have insurance?? another part

Streetinvestor2:
How many insurance package have u or any of ur house hold ever picked. We can start from thr.
why is many of thr quater results released this yr getting worst .Even third party insurance of 15k many Nigerians no get.They had to start using police for it still nothing

Exactly, we know the system doesn't work, but I'm enlightened enough to put my parents under health insurance cover cuz of advancement in age. Me personally I don't have as I rely on my youth and God for strength. These are the inadequacy in the system. With this bill I will be forced to get one not minding my youth. We all know prices of medication now in the market and that will not drop. Quality healthcare is expensive. Now this is one part of insurance.

Streetinvestor2:
....
Why did so many of them trade so high in the past and crashed back to 20kobo and stayed thr for many yrs.It is a cycle because nothing has really changed. Is this thr first Po or Ri when economy was even better. So what has changed

Its mandatory now. Have you asked what insurance marketers do to sell insurance to just one random person with money? Do you know how many "onye boy" businesses are uninsured? No doubt, the time of metrics will come in at some point.
On what has changed, I want to believe we are poised for growth as a nation now. It's me believing for this generation and can't tell on yours or past experience.

kintus, the Q3 reply is no longer necessary....


Insurance is big business and a money spinner for the banks of developed world. Plus now the law makes it MANDATORY, this "no-objection" is relief for insurance marketers in Nigeria. Our 5% insurance pool of 200m will increase. That's the economics.

"Ote$ vs Uncle Tee case of Transcorp" 😂 is playing out. You wonder why SUNU is not running? You snooze, you loose.


I did not recommend you to buy at the top sha oh..

The idea of wealth democratization will never sit well in the halls of the old guards. As much as I don't like it, I might presume to understand and agree with the philosophy.

bastardson:
I just left a thread on Twitter now where people are crying that they lost money since they joined NGX. Most especially on UACN.. I just Dey laugh.

Some of those people should loose money, because some of them just have money to loose some. That they have money, some of them think it's synonymous to intelligence.

SUNU and UPDC, I'm waiting for the gist oo.


As for VFD, missing SH structure. Might just wait for drought season.

SonofElElyonRet:
There's something about Ellah that some privileged investors know but not yet the investing public

Do you have funds that can wait minimum 6 years?