₦airaland Forum

robobo:
What the CBN is trying to achieve with the 100% provision for insider related credit (whether performing or not)is to force bank directors with interest in other businesses not to borrow from the bank they own/ are directors in. This will ensure that those other businesses they own does not enjoy interest rate subsidy from their directors bank and also ensure they dont tie down the bank they own with bad credit. In short it will force those other businesses to compete for funding with thier competitors at a fair rate

robobo:
Ohhh. That was a response to a post by Agba. I stated it as "COULD" because no one can read wale's mind. Which is one of the reason i stated transparency and adequate communication as a key thing lacking from the management.

robobo:
I dont understand the bolded

robobo:
My reading of the Oando recent moves (2025/2026),, particularly after the Eni acquisitions.
1.
6. Oando might find it true worth/ balance after the clean up (which could take as much as 18-24 months to fully implement). WT could also decided to go private at that point (as mentioned by Agba)

Selah

robobo:
He go be like film IF/WHEN wale attends to those things i highlighted above.

BabsO2:
Those invested in Oando gather here.
I have the following NAV valuation based on reserves computed as follows
Company NAV per Share
Oando N429
Seplat N 8,980
Aradel N997

Oando is at a deep discount based on reasons already discussed upandan here. Most especially will its turnaround succeed in view of its debt over load. This NAV of N429 is the value those lending money to Oando see and are taking a good cut of. And the market has discounted it to current price of N39 to reflect its high risk turnaround profile.

As low margin revenues from trading goes down, will management succeed in transforming Oando into
👉 A leaner upstream-focused energy company
👉 With stronger balance sheet
👉 With sustainable free cash flow
👉 With higher reserve monetisation efficiency
And work towards its NAV based on reserves?

mikeapollo:
What valuation do you think is realistic based on hydrocarbon reserves?
Recall they still have more oil resources that could be reclassified as reserves in medium to long term

KarlTom:
It's a New Dawn for OandO...

megawealth01:
Otu lule loni

mikeapollo:
I think Wale and his team went into upstream business (from downstream filling stations) with little or no experience whatsoever in the sector!
Probably the reason they bought Conoco Phillips at an overvalued price, among other issues.
The inexperience is the biggest challenge and undoing.
It could have been different if he had worked in the upstream sector e.g. in a global oil company like Shell, Chevron etc. before acquiring Unipetrol/Oando or if he had gone into partnership with experienced professionals in the upstream sector.

robobo:
My own na btw N500 -N1000 after the book is cleaned (1. negative equity cleared 2. Adequate working capital has been raised (so less dependent on bank borrowing) and 3. dividend restored)

Krisuba:
I hope Bank result will not extend to may!! This suspense is getting too much

megawealth01:
E dey lule like WALE no send us again

KarlTom:
...

Agbalowomeri:
He will push it to 300 and sell

Itzlinda:
I don de add weight since I offloaded my oando shares. Oando would move 4% up today and 6% down next week.

This stock fit mess up with person mental health.

I will jump in once I see clear breakout

HesInMe:
You think Aradel and Oando's businesses are comparable? I own both; I'm not so sure.

megawealth01:
I doubt Wale very well 😔

nosa2:
I'm not selling.

nosa2:
Did you buy your ETI?

Up 10% already.

Analysts have started to analyse

nosa2:
I realty hope people bought their ETI.

Now watch as analysts start to recommend the stock

megawealth01:
Na wetin Wale wan turn am to bayi?

mikeapollo:
If a lifeless UBA could be this ''sexy'' to you, I wonder how you would describe Agba's babes who attract all his attention, vibes, energy etc.?

nosa2:
Quarterly results should be huge improvements.

Hopefully the rocket will be ignited tomorrow.

lasisi:
is this food or pepper spray. Even Access won't try this...

ukay2:
Good one from ETi.....

Agbalowomeri:
Oga Nosa your food don land

https://doclib.ngxgroup.com/Financial_NewsDocs/46650_ECOBANK_TRANSNATIONAL_INCORPORATED-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf

GeneralDae:
There is something I have observed about this Cardoso era which is strange to me.

In the past, naira and foreign exchange reserves improved with increase in crude oil prices (and logically so) but in Cardoso’s era, naira and FX reserves both struggle with increase in crude oil prices and world instability but starts improving again when the escalation is down.

EDUECO:
Impairmeny charges is just another name for the money for the management.

And Zenith Bank just acquired a Kenyan bank and part of the money could also be money used in acquisition of the Kenyan bank.

Sunrisepebble:
That would be a generational buying opportunity.
I’m not a bank analyst, so forgive my rough math. Assuming Zenith have exited their forbearance as at FY25, the way GT had in FY24. If they have GT’s level of impairment in FY26 and assuming earnings are flat and payout ratio is also flat. You’re looking at an EPS of N39 and a DPS of N15+

chimex38:
Ngx has unpaid dues to Ngx..

TerraCota:
Zenith AFS 2025

https://doclib.ngxgroup.com/Financial_NewsDocs/46591_ZENITH_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf


Proposed a final dividend of N8.75 which in addition to the N1.25 per share as interim dividend amounts to N10.00 per share

GeneralDae:
Nigeria owns only 7.25% of the refinery.