yMcy56:

All these results have been released up to 2023.
Think AGM just ratified it, like just formal closeup or so.

olig:
Here, it is asking for too much.

Why?

Because, if by tomorrow, I lose all my investments and and become incapacitated, no government will look my side. Unlike those you are comparing us with (the western world). No social structure/benefit here.

More so, my problem is making things complex. Simplify the tax system of Nigeria, and don't make it complex. And that is part of the problems with crypto. Today you say you ban it, tomorrow you warn banks against it, next you are asking for tax etc.

Omooloriredade:
You're right! I know I went through some results recently but I had to google them. I couldn't find them on the NGX.

So @Mike Oando go carry that title for a while o.

olig:
Here, it is asking for too much.

Why?

Because, if by tomorrow, I lose all my investments and and become incapacitated, no government will look my side. Unlike those you are comparing us with (the western world). No social structure/benefit here.

More so, my problem is making things complex. Simplify the tax system of Nigeria, and don't make it complex. And that is part of the problems with crypto. Today you say you ban it, tomorrow you warn banks against it, next you are asking for tax etc.

Omooloriredade:




So @Mike Oando go carry that title for a while o.

GeeKudi:


I guess they seek to address all these with the new approach and tax laws. The tax man, Oloyede or so, has been talking about these concerns. I have listened to him a couple of times.

olig:

I hear; until I see it.
They may only manage to duplicate it further.

Those comparing us with the western world, I hope you are also paying for the security of your money in banks?

You will keep money in bank and still pay for the security of your money in the name of cyber security fee/tax. Yet, you will still pay VAT and stamp duty. Plus uncountable bank charges. GT will tell you that you can not transfer more than 5m per day (your own money o), even current account can only do 10m, and they will will collect 10k from that for the sake of maintenance.

You will keep money with banks, and you will be the one to pay for Maintenance, ATM, SMS, Commision, Security, and government will collect, VAT, Stamp duty and Cyber security fee.

In Germany, for example, for those comparing everything. You only pay one bank charge/fee/tax per month (I mean traditional banking, not online). And if you are receiving salary on that account, you don't pay anything at all. Also, if you are a student and below 30 years, you don't pay, and other exemptions. On top that, you will sit down in your house and your ATC card will coke and meet you. Why cant we copy that?

Omooloriredade:


You're right! I know I went through some results recently but I had to google them. I couldn't find them on the NGX.

So @Mike Oando go carry that title for a while o.

akpumpy:
After payment...

megawealth01:
NGX police never come online to see OANDO mention

GeeKudi:


From AI

ositadima1:


Anyway, there will always be loopholes in tax laws. Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has written a whole book on legal tax evasion strategies in the US.

Omooloriredade:
https://doclib.ngxgroup.com/Financial_NewsDocs/Deap_Capital_Management_and_Trust_Plc_-_AGM_Resolution.pdf

DeapCapital

N2.5B being money owed to Non-bank creditors was converted to shares at N1.69 which explains the SP run from N1 recently.

Management now seeking to further recapitalise the business. They will also be releasing their 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023 on the NGX following approval by members. So Oando is not bad afterall

Disclaimer - Not a recommendation to buy or sell.