dare_4_great

@NigeriaRevenue How can Mining Operators be paying Royalty on coal to NRS. Till now we are yet to know the link and we are told not to use Remita again

The future of tax administration is here. Rev360 is now live and we're answering your most important questions. You say Transformation, We say Rev360 #Rev360 #DigitalTax #NRSNigeria

@AbrahamOkah2 Iceland

If you have little or no money to move Abroad, try these options. 1. Iceland - Free. 2. Germany - Free 3. Erasmus Mundus Scholarship. 4. Study Loan 5. Visa Sponsored jobs. 6. Brazil - Free 7. Free Vocational training. 8. Learn Finish & Study for free. Which one do you like??

@AbrahamOkah2 Interested in cybersecurity

Who needs a SCHOLARSHIP to learn any of theses Tech Courses? I got you! -Data Science -Digital Marketing -Frontend Development -Backend Development -Ethical Hacking -Technical Writing -Cybersecurity -Technical Writing -Virtual Assistance -Data Analysis -Web3 -Business Analysis -Artificial Intelligence -UI/UX design -Product Management -Project management -AI prompt Indicate your interest in the comment section section. Links dropping soon!

@ossaivictor1_ I hope 1M will yield 1k interest everyday?

Swift investment? Deposit 10M in your OPAY and lock it. You get 10k as interest every day. Na how I take dey survive this country be that.

@VictoriaOlammy @ini4brandon Your response sounds intelligent and full of wisdom

@ini4brandon Absolutely 🙌 Humility sometimes isn’t a label we give ourselves, it’s shown in our actions, how we listen, and the respect we give others.

I’m a 32-year-old woman! Humble, hardworking, and faith driven. I value honesty and respect, and I believe real growth comes from discipline, consistency, and intentional living. If you value purpose, growth, and genuine connections, let’s engage 💬😍

@elonmuskTN Number 42

@IAmPascio 48

If you don't have The 48 Laws of Notion Money™ Like and comment “48” and I’ll DM you the link for FREE.

@IAmPascio I need the book please

@BinsaeedRashid @grok Really, that is great ooo

@termsheetinator Please I need the book

If you don't have The 48 Laws of Cold Email™ like and comment “48” and I’ll send the link to you.

@PoojaMedia @UnivadOnline @PoojaMedia and @UnivadOnline 15

Need a fully funded scholarship to learn a tech skill? Follow @UnivadOnline and pick any number from 1–85 12 of those numbers unlock a 100% scholarship, covering both tuition and application fees. Closing tonight o Goodluck!

@taiwoyedele Well explained and God bless you sir. Public engagement through various social platforms brings about enlightenment for better understanding of the government policies and perhaps unveiled where individuals will benefit without engaging consultants.

𝐈𝐌𝐏𝐀𝐂𝐓 𝐎𝐅 𝐍𝐄𝐖 𝐂𝐀𝐏𝐈𝐓𝐀𝐋 𝐆𝐀𝐈𝐍𝐒 𝐓𝐀𝐗 𝐑𝐔𝐋𝐄𝐒 𝐎𝐍 𝐓𝐇𝐄 𝐂𝐀𝐏𝐈𝐓𝐀𝐋 𝐌𝐀𝐑𝐊𝐄𝐓 Some stakeholders have expressed concerns regarding the changes introduced to the capital gains tax regime under the new tax reform laws effective from 1 January 2026. This note provides context to the reform and clarifies the issues that are frequently raised. 𝐐1. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐠𝐚𝐢𝐧𝐬 𝐭𝐚𝐱 (𝐂𝐆𝐓)? CGT is a tax charged on the profit (or “gain”) made from the disposal of certain assets such as shares and real estate. Only the gain, not the total proceeds, is subject to tax. A flat rate of 10% applies to all chargeable gains under the current laws. 𝐐2. 𝐒𝐨 𝐰𝐡𝐲 𝐡𝐚𝐬 𝐭𝐡𝐞 𝐂𝐆𝐓 𝐫𝐚𝐭𝐞 𝐛𝐞𝐞𝐧 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐟𝐫𝐨𝐦 10% 𝐭𝐨 30%? The CGT rate has not been increased to 30%. Instead, CGT has been integrated into personal and corporate income tax. This means the tax you pay on capital gains depends on your overall income level or company profits, making the system more progressive. Effectively, the applicable CGT rate under the new laws ranges from 0% to 30%. 𝐐3. 𝐖𝐡𝐲 𝐰𝐚𝐬 𝐭𝐡𝐢𝐬 𝐜𝐡𝐚𝐧𝐠𝐞 𝐢𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐞𝐝? The reform makes CGT progressive so that low-income earners either pay no CGT or pay less, while higher-income earners contribute a fairer share. It also helps reduce distortions where income could previously be misclassified as capital to enjoy a lower, flat CGT rate. 𝐐4. 𝐇𝐨𝐰 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐧𝐞𝐰 𝐥𝐚𝐰 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬? -CGT only applies to net gains, since capital losses can be offset against capital gains. -Proceeds from sales not exceeding ₦150 million annually where the gains are not more than ₦10 million, are exempt. This means about 99% of individual investors are effectively exempt. -Where the proceeds exceed the exemption threshold, CGT is not due if such proceeds are reinvested into the shares of a Nigerian company. -Institutional investors such as pension funds are exempt from CGT, just as they are from corporate income tax. -Companies undergoing reorganisations, mergers, or restructurings are not subject to CGT on those transactions. 𝐐5. 𝐈𝐬 𝐭𝐡𝐢𝐬 𝐫𝐞𝐟𝐨𝐫𝐦 𝐦𝐞𝐚𝐧𝐭 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐫𝐞𝐯𝐞𝐧𝐮𝐞? No. CGT revenue is historically very small, less than 2% of what is collected from Companies Income Tax (CIT) and Value Added Tax (VAT). The reforms are about harmonisation, fairness and efficiency. In fact, businesses will benefit far more from reduced CIT rates and broader VAT input credits. For instance, the FIRS collected only ₦52 billion from CGT in 2024 compared to over ₦15 trillion from CIT and VAT. The reduced CIT rate and broader VAT credit is estimated to benefit businesses in the region of ₦4.5 trillion. 𝐐6. 𝐖𝐡𝐚𝐭 𝐚𝐛𝐨𝐮𝐭 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬? Most foreign investors can claim tax credits in their home country for taxes paid in Nigeria, under double taxation agreements or unilateral tax relief. This means CGT paid in Nigeria will often not be an additional cost. 𝐐7. 𝐖𝐢𝐥𝐥 𝐭𝐡𝐞𝐬𝐞 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐦𝐚𝐤𝐞 𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐥𝐞𝐬𝐬 𝐚𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐯𝐞 𝐟𝐨𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭? No. The new rules are consistent with international best practice. Many countries already apply progressive tax treatment to capital gains, and exemptions for small investors and reinvestment make Nigeria’s regime competitive. When considered holistically, the lower CIT rate and broader input VAT credit in the new tax laws will improve profitability of companies, equity valuations, and enhance overall investor returns. 𝐐8. 𝐃𝐨𝐞𝐬 𝐭𝐡𝐞 𝐂𝐆𝐓 𝐫𝐞𝐟𝐨𝐫𝐦 𝐚𝐩𝐩𝐥𝐲 𝐨𝐧𝐥𝐲 𝐭𝐨 𝐭𝐡𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭? No. The CGT reform applies to all chargeable assets, unless specifically exempt. Examples of exemptions in addition to the threshold for shares include: -Individuals selling up to two personal vehicles per year. -The sale of an owner-occupied residential property. 𝐐9. 𝐃𝐨 𝐭𝐡𝐞 𝐫𝐞𝐟𝐨𝐫𝐦𝐬 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐫𝐚𝐭𝐞 𝐫𝐢𝐬𝐤𝐬? Not directly. Inflation and currency risks affect all investments and cannot be eliminated through tax laws. Investors are expected to manage these risks as part of their broader investment strategies. 𝐐10. 𝐖𝐡𝐞𝐧 𝐝𝐨 𝐭𝐡𝐞𝐬𝐞 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐭𝐚𝐤𝐞 𝐞𝐟𝐟𝐞𝐜𝐭? The changes will come into effect from 1 January 2026. Details regarding application to existing investments, historical cost, and compliance requirements will be covered under implementation guidelines with inputs from stakeholders. 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲: The reforms make CGT fairer, protect small investors, align Nigeria with global best practice, and provide wider tax reliefs that benefit businesses more than the limited CGT collections. - 𝑷𝒓𝒆𝒔𝒊𝒅𝒆𝒏𝒕𝒊𝒂𝒍 𝑭𝒊𝒔𝒄𝒂𝒍 𝑷𝒐𝒍𝒊𝒄𝒚 𝒂𝒏𝒅 𝑻𝒂𝒙 𝑹𝒆𝒇𝒐𝒓𝒎𝒔 𝑪𝒐𝒎𝒎𝒊𝒕𝒕𝒆e

@jidesanwoolu Good work my governor sir. But Mr Governor, Muwo to Ikoga road also needs serious attention. It's difficult to ply through the road both dry and raining season. It's in despicable condition and we are really suffering while using the road

Here’s an update on the Oko Afo-Ilogbo Eremi-Pota road project, a project in Badagry LGA. This road is not just an infrastructure project, it's a crucial alternative route that will enhance connectivity for our communities within the Badagry Local Government Area. Stretching 12.88 kilometres, the road will feature a semi-rigid single carriageway, with an average width of 10 meters and two bridges that will facilitate smoother travel. This project is designed to uplift and enhance connectivity among communities such as Ilogbo Eremi, Gomajayi, Iyesi, Agunmo, Seje, Ipara, and Pota. I'm pleased to share that construction is progressing steadily and on schedule. As part of our THEMES+ Agenda, we are committed to improving our state's infrastructure, I assure you that no part of Lagos will be overlooked. Together, we can achieve our vision of a greater Lagos for all of us.

@OgechukwuChime @vanguardngrnews Must you tribalize everything?

@vanguardngrnews She still came to yoruba University and became the overall best graduating student. These igbo people have taken over everything in lagos. #IgbosMustGo 😜

I thought I failed in life – LASU best student, Isioma Nwosu vanguardngr.com/2025/04/i-thou…

@ShehuSani @ Fidelity Bank I transfer money from my Opay account to the Fidelity Bank Account on Monday, up till now the person is yet to receive an alert and I had been debited since Monday.

When a Senator is suspended,his salary and entitlements will be blocked,he will neither be allowed to enter into the chamber nor participate in the plenary and committee meetings;his office will be sealed and is not expected to be seen within the premises of the National Assembly until the suspension is lifted.Thats why reason should prevail to solve issues amicably.

#GTCOCares how can I generate my bank statement on my GTCO app

How can I download my bank statement on my GTCO app

@atulkumarzz Send

Meta is now paying $5,000/month for just 2-3 hours of daily internet use. You can also make, If you have: 1. Internet 2. Mobile 3. Time I've prepared a FREE guide on how to get started: To receive it:- 1. Like & Retweet 2. Reply with "Send" (Make sure you're following me so I can DM you)...

@Gidi_Traffic Lokoja, Ganaja Junction flyover bridge

Where is this?