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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11669552 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Shalom428: 12:42pm |
Every investor is a potential jijoist ... This Caesar is coming for blood , people will run away oh ... Lol emmanuelewumi: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:45pm |
Shalom428: Paying 10% on 80% profit made in less than a year is not asking for too much |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:49pm |
emmanuelewumi: ๐ฏ |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 12:50pm |
GeeKudi: https://www.firs.gov.ng/individual-income-tax https://old.firs.gov.ng/wp-content/uploads/2022/04/Finance-Act-2021-Gazetted.pdf https://oakelegal.com/tax-implications-of-disposal-of-shares-in-nigeria/ Please refer to the above links. However, BAT's aim is to bring our tax regime in line with global standards. He won't be enforcing tax laws as is. Disclaimer - All personal opinion on where I think BAT is headed. |
Re: Nigerian Stock Exchange Market Pick Alerts by Shalom428: 12:55pm |
It's not too much if the system works. It's not too much if the tax will be put to work and not embezzled. The government only wants to expand the tax bracket so as to have more money for their lavish lifestyle. Senators SUVs , Presidential jets and so on. It is never in the interest of the populace And how many companies can give 80% in less than a year on NSE ? And if you are planning to be cashing out in less than a year , you are a potential jijoist. An average investor eyes 5 - 10 years Nigeria is not stable enough for this kind of policy. Like I said earlier, it will collapse the market cos their will be mass exodus of investors. emmanuelewumi: |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 12:56pm |
emmanuelewumi: And how do you know it would be 10%. Even the 10% is much |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 12:56pm |
GeeKudi: That exemption was removed in 2022? |
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 12:56pm |
emmanuelewumi: When FG gave states billions for palliatives They forget BVN and Tax ID... Ceasar should also do his part Before we can give ... 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 1:01pm |
Agbalowomeri: It can be as high as 30% for short term capital gains. If you turned N1 million to N10 million in less than a year, that should be a profit of 900% and a gain of N9 million the capital gain tax might be more than 10%. My opinion though |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 1:09pm |
Shalom428: The market will not collapse because of capital gain tax. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 1:09pm |
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. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 1:12pm |
emmanuelewumi:The 80% has never been guaranteed .whr you see the 80% . 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 1:12pm |
emmanuelewumi: Ideally, NGX "school fees" becomes less of a worry too as you will have to deduct that from your gains to determine your net gain for the year. There will be a limit to how far back we can go i.e prior years that can be considered. Disclaimer - Implementation may be completely different to my postulations. |
Re: Nigerian Stock Exchange Market Pick Alerts by Shalom428: 1:14pm |
Let's continue to hope for the best. May the worse never happen to us. pluto09: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:25pm |
I heard uba dey run this for their customers ' week
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Re: Nigerian Stock Exchange Market Pick Alerts by designking: 1:27pm |
The deregulation of the downstream petroleum sector is gradually taking shape. Hope they are follow through as there might be civil unrest in the coming days. Also Dangote needs to tell us how much he is selling a litre of petrol to independent marketers.
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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:29pm |
NGX police never come online to see OANDO mention Omooloriredade: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:30pm |
designking: Who go do the unrest? Abi na Twitter actions you mean? |
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 1:30pm |
Conflicting reports, we just watch and see now. Theyโre trying their best for Monday GeeKudi: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:32pm |
emmanuelewumi: Stop the vawulence joor... Is it your JIJO? |
Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 1:34pm |
Even stamp duty is a form of tax. Why I didn't comment is that, probably they are trying to synchronise all these taxes. Which developed country is collecting multiple/duplicate taxes like these? Agbalowomeri: |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:36pm |
megawealth01: Na for Oando them dey get power to form NGX police, all their veins go dey rise like something, including the one for their.....! Let them come and see company wey never release results for 10 years! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:36pm |
GTCO sighted @50+ Maybe some people already saw Q3 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Superex(m): 1:36pm |
KarlTom:๐๐ at least to console myself |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:38pm |
Omooloriredade: Na for oando them dey get power to form NGX police, all their veins go dey rise like something, including the one for their.....! Let them come and see company wey never release results for 10 years! |
Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 1:38pm |
They should simply synchronise all these and make life easy. 10% tax, xx% VAT, รร% sms, xx% notification, xx% stamp duty, etc only gives room for corruption. Only two or maximum of three deductions should be allowed; commission (for the broker/company), tax to government. Simple! ositadima1: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:40pm |
Omooloriredade:All these results have been released up to 2023. Think AGM just ratified it, like just formal closeup or so. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:40pm |
VAWULENCE PLC mikeapollo: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:42pm |
olig: Nigeria can set the pace 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 1:46pm |
yMcy56:You don't need to even see the result to know that eps should cross 50 by this q3. Just imagine eps being above share price |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:49pm |
Mpeace: Those that wanted to drag us down failed woefully... AGBAJE don win big time. We don win wella 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 1:51pm |
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. emmanuelewumi: 1 Like |
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