Streetinvestor2:
The useless government will soon go for dorm accounts since they are after forex gains

Mpeace:
Na only mumu bank go declare better fx gains.
Banks also have to come together to fight against retrospective application of the new amended law.
The law is that new legislations cannot have retrospective application. In other words you cannot use a new law to tax profits made before the law was enacted.
So Bulaba and his 40 things gang should keep off 2023 fx gains.

Streetinvestor2:
You dey mind the guy.How about other companies that declared forex gain.Does this equally apply to foreign banks with branches in nigeria. Why is the useless government trying to steal from shareholders who have made loses in other companies that declared loss because of the forex policy. The thieves you have as house members decided to add 20% of thr own since the executives want to collect 50%.
I can't wait for the protest to turn to revolution against this few criminals

Ginalex:
But it traded at 40 naira last week. Right Issue price had not been announced then

Mankind2024:
The government has already signed into law the confiscation of all dormant domiciliary and Naira accounts, including:
- Unclaimed bonds
- Unclaimed treasury bills
- Unclaimed dividends
Now, active domiciliary accounts and individual savings accounts with excess balances of N10 million might be the next target for confiscation.

olig:
Thanks for this. I didn't know that.
Is like my $95 remain for a bank almost two years now. Make I go withdraw am before Tinubu collect am. I go use am chop better Eba or Fufu.
My dividend for FCM na kobo e go be, so no worries, he can have that. Maybe am lucky to get my dematerialization done quick too.

I have said it many years before this calamity called PBAT happen to Nigeria; people wpuld literarily sell their children to tax. He has not even started at all.

ositadima1:
Our lawmakers and their poor judgment are like two sides of the same coin.

What about the many companies that lost billions in the same event? Shouldn't the government partake in those losses as well? In a reasonable climate, Nigeria might get this money but will ultimately end up paying more.

Many companies lost a significant amount and need to be duly compensated by the government.

Let them start with dangotesugar joo.

Raider76:


It will cost you to reactivate the account before you can withdraw. You have to deposit a
an amount and also pay charges. I were you I will write it off.

olig:
Thanks for this. I didn't know that.
Is like my $95 remain for a bank almost two years now. Make I go withdraw am before Tinubu collect am. I go use am chop better Eba or Fufu.
My dividend for FCM na kobo e go be, so no worries, he can have that. Maybe am lucky to get my dematerialization done quick too.

I have said it many years before this calamity called PBAT happen to Nigeria; people wpuld literarily sell their children to tax. He has not even started at all.

olig:
Thanks for this. I didn't know that.
Is like my $95 remain for a bank almost two years now. Make I go withdraw am before Tinubu collect am. I go use am chop better Eba or Fufu.
My dividend for FCM na kobo e go be, so no worries, he can have that. Maybe am lucky to get my dematerialization done quick too.

I have said it many years before this calamity called PBAT happen to Nigeria; people wpuld literarily sell their children to tax. He has not even started at all.

megawealth01:
Nigeria’s Foreign Reserved Reserves Reaches $34.7 Billion

https://punchng.com/nigerias-fx-reserves-hit-34-7bn/?utm_source=telegram&utm_medium=social#google_vignette

Mankind2024:
The government has already signed into law the confiscation of all dormant domiciliary and Naira accounts, including:
- Unclaimed bonds
- Unclaimed treasury bills
- Unclaimed dividends
Now, active domiciliary accounts and individual savings accounts with excess balances of N10 million might be the next target for confiscation.

emmanuelewumi:
Treasury bill at 22%

Picky1:


From borrowing and spending on BS to Dangote to Banks to confiscation of all dormant domiciliary and Naira accounts, including: Unclaimed bonds, Unclaimed treasury bills, Unclaimed dividends.
Greed begets more greed....until the point of no return/precipice!
Let the gov't keep looking for wahala instead of cutting their coat according to their cloth!

emmaodet:


For a country of over 200m people, this is a poor savings.
It can be used up within 2 months of forex demand if they are to attend to everyone's request.
While countries like Saudi, UAE, Qatar, morroco, Algeria have close to a trillion reserve or more, Nigeria is still dancing around 35b USD. They are even so greedy to allow it to climb to just a meagre $50b

Streetinvestor2:
I don't understand thus cbn guys walahi.Why they think they can fight inflation with this method. When it is time to pay.It simply means they will print more naira as the country is not earning enough to keep borrowing at this rates

Mankind2024:
The government has already signed into law the confiscation of all dormant domiciliary and Naira accounts, including:
- Unclaimed bonds
- Unclaimed treasury bills
- Unclaimed dividends
Now, active domiciliary accounts and individual savings accounts with excess balances of N10 million might be the next target for confiscation.

Streetinvestor2:
I don't understand thus cbn guys walahi.Why they think they can fight inflation with this method. When it is time to pay.It simply means they will print more naira as the country is not earning enough to keep borrowing at this rates

gamaliel9:
My bosses,I am beginning to like some terms these days like FAMILY BANK, FAMILY TRUST, FAMILY OFFICE....

Teach me...i want to learn how these can work here in Nigeria[ minimum capital to start,how to set it up,companies that can do it] Most Africans have sole-proprietorship mentality but with a nuclear family culture. So, wealth is rarely passed to the next generation, to the fourth generation is unthinkable. Writing wills has its problems too[ one guy takes his own share, sells it, and continues to smoke ganja -The Bible said fool and his money soon part ways. I WANT A SITUATION WHEREBY NO ONE IN THE FAMILY SELLS NOTHING... ONLY BUYING AND ADDING ON EXISTING ASSETS AND PROFITS OR DIVIDENDS ARE SHARED AT THE END OF THE YEAR...To the next generation,,,to the next generation.....i love my family thats why i want a generational wealth for her

I BELIEVE WE HAVE EXPERIENCED FINANCE EXPERTS HERE, PA EMMA and co. Please, no dm me ooooo. Share all knowledge here please

YA GAZIERE ANYI OOOO

emmanuelewumi:
Rather they will expect another paper work from investors when the investment matures before paying your money into your account

sterlingD:
TRANSCORP POWER Q2 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/41749_TRANSCORP_POWER_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

unite4real:


Is this really happening already or it is expected from CBN going forward?

emmaodet:


I think what you are looking for is a trust fund.
Many stock broking firms are doing it.
Managing the funds in the trust for you with instructions on how release the profits - share all to beneficiaries or just share the dividends only

emmaodet:


I think what you are looking for is a trust fund.
Many stock broking firms are doing it.
Managing the funds in the trust for you with instructions on how release the profits - share all to beneficiaries or just share the dividends only

KarlTom:
150kobo interim dividend...