₦airaland Forum

OBAGADAFFI:
They cannot adapt because the GSM(Mobile Network Operators (MNOs) licence is for the FEW BIG PLAYERS with national coverage.
That GSM(Mobile Network Operators (MNOs) licence gave them massive leverage over smaller CDMA telcos.

No CDMA company can get the Licence, even VISAFONE, which came laterr, was bought over by MTN.

Frangel:
There is no rule tying publicly listed companies to 50 kobo nominal value. Most listed companies' share capital have 50kobo nominal values. However, some have N2.00 nominal value (AxaMansard) and 20kobo (or 2kobo?) for MTN and InterBrew.

See share capital nominal values as currency denominations used in an economy.

Care4:
Is there any rule tying publicly listed companies to the 50 kobo nominal value? When will the NGX moved to ₦1 or so considering the economy?

Fred2020:
The Nigerian Exchange Limited (NGX) has suspended, effective September 1, 2025, the trading of shares in three insurance companies: Regency Alliance Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc.

Fred2020:
Has probably been discussed here, but how common is it for insurance companies to be suspended?

KarlTom:
PZ, NB an MB .

lacastre:
Not yet that red for here

determination26:
I'm such a huge fan of stargazing and the likes, wish I had better equipment to capture this rare occurrence

MrSamsung:
The guaranteed dividends of preferred stocks, are the always above inflation, any experience?

MrSamsung:
At the bolded, I am very appreciative for the information because to me it makes no sense mentioning it if it was of no use for an investor. Maybe for the accountants it is useful.

I just google it now, company buy/sell it's preferred stocks at nominal value(please correct me more if I google it wrong)

MrSamsung:
At the bolded, I am very appreciative for the information because to me it makes no sense mentioning it if it was of no use for an investor. Maybe for the accountants it is useful.

I just google it now, company buy/sell it's preferred stocks at nominal value(please correct me more if I google it wrong)

MrSamsung:
Thanks. I know all this already but I only asked when the English statement used is not clear/simple and straightforward because my curious and alert mind is always asking: "is there something I am missing perhaps a secret profitable deal(s) or opportunities I am not using or maximizing"

For example in your case when you mentioned "except co-founders", your statement was simple and straightforward but not clear without inserting a timeline(only possible timeline). So if I were a co-founder, with your "except co-founders" statement, I wanted to jump on the opportunity.

On the other hand I don't consider myself as I-too-know even on the things that I know, that'swhy I asked(though at times the questions might sound unreasonable/stupid with those who view it as common knowledge that you should know). Also other reasons eg. knowledge gets updated and we have to unlearn and relearn. Because at the end of the day with reminders and being reminded, we are persuaded or convinced even in the things that we do know.

Once again thanks

emmanuelewumi:
Presco can't get a loan at 35%, even little me get loans at 26% to 29%.

Dividend payout ratio of Presco is currently about 60% up from 40%, and the 5 years compounded annualized earning growth rate is over 35%.

The dividend payout ratio of Nahco is 90% and their 5 year compounded annualized earning growth rate is about 40%.

Please let the shareholders breath, dividends don't lie.

We want our companies to keep on paying us our dividends


We can always reinvest our dividends or use it to diversify our investments

starpower:
You are right to some extent, but there’s another point of view. If a company like Okomu makes revenue of ₦1,000, with net profit of ₦200 (which is impressive) and free cash flow of ₦150, but is currently trying to increase its palm oil refining capacity by 100%, it will need about ₦600 in capital expenditure over the next three years.

Do you think it’s better they reinvest earnings, or take loans at the current 35% interest rate? If there’s an opportunity to reinvest earnings at impressive rates of return, it’s usually better to let good quality management reinvest in the business. In four years’ time (not even factoring inflation), Okomu could potentially double earnings due to economies of scale from higher refining capacity and upgraded machinery. If the market assigns the right earnings multiple, you could easily have 3x your current purchase price — sometimes even 10x, like Beta Glass for those who bought in 2023.

The key is having a good capital allocator in management, running a business that consistently earns above-market returns on capital employed, and having a long horizon to grow. With that combination, you can have 1000× sef.

For context: I got Presco at an average small unit of ₦42, and Okomu at ₦68. But note this — Presco reinvested more earnings back into the business, while Okomu paid out more dividends. Those dividends have compounded well from 2020 till date. Now imagine if Presco had Okomu’s current earnings multiples — Okomu has gone 15×, while Presco has gone 35×.

So, to correct your assertion: quality stocks compound at a greater rate than real estate. Real estate mostly depreciates, and rental income often just covers repairs. You mainly make capital gains due to inflation. But a stock in a quality business — with high returns on invested capital, great management, strong pricing power, and a durable economic moat — doesn’t need to pay dividends. It’s better for such a company to keep compounding earnings.

I actually learnt this late, but I’m now making better choices after understanding. For example, ₦300k invested in 2020 compounding 35× is now ₦10m. Compare that to a 10% yield dividend stock — ₦30k yearly × 5 years = ₦150k, maybe the stock goes 4× after, so you end up with ₦1.35m (and that’s before deducting 10% withholding tax!).

CorperKola:
Depends on which testament yeah
Our friends that are stuck in the old testament
We can see how they treat their neighbours

Panadee:
Happy Holidays!!!

https://www.vanguardngr.com/2025/09/fg-makes-tax-identification-mandatory-for-banking-allied-services/

Meanwhile, get your TINs ready for banking, stock trading, etc from the 1st of January next year.
I wonder how this will affect our Naija brethren in the diaspora with stakes in the NGX.
I think getting BVN and NIN for them back then was a big hassle.
I hope FG makes it easier this time around or they'll end up creating lots of dormant accounts, make TIN no turn to passport renewal process

Hogwarthtrades:
It's a matter of when not if. Global oil consumption would slowly fall off. China per usual would likely be the first to make a major impact going off how the oil consumption in that country have started to stall.Next step, slow to sharp fall in coming years.

So far China energy projection is looking at cutting off about 10 million barrels per day from it's consumption in 2 decades. My money would be probably by end of the next decade at the current rate they are moving. The question becomes what industry in alternative energy space is able to build it's capacity to ensure it absorb that much capacity?

Three sectors that should absorb the crude oil and derivative demand while switching to clean energy (using china as a base case) :
I. Electric Vehicles; from agriculture to every facet of logistics you can think of. Aviation industry may be a tough nut to crack (Palm kennel oil as sustainable fuel may be a serious contender)
II. Wind, solar,
III.Nuclear
IV. Honorable mention metallurgical coal.
The approach for searching for areas to invest is to look into public companies in industries listed above for opportunities, we may be unto something. Time would tell.

chimex38:
100%.
This volatile nation.

crownprince2017:
Omo, I dey learn oooo.
Game is game, no sleeping on the bike..

buffet hold forever ideology no fit work for Nigeria ooooo, you must hold touch light every time to see clearly. Because those money bags in Nigeria are ready to add your change to their own.

crownprince2017:


To be candid, banks and endless dilution na 5 and 6.

They will make plenty eps but will declare shikini money.

Someone said na accounting profit be the bulk of the money but I disagreed. Is access using accounting profit for all this acquisitions.

I just believed that those guys are either starching those cash for the right time to delist or finding a way through acquisition to siphon the money.

This is my opinion about Nigerian banks

nosa2:
He should trust you because....? You added bro?

Agbalowomeri:
If I am interested in ACCESS (or any stock for that matter) and it doesn't get to my level, I no buy noni.

Bank stocks that are doubtful for a 10% dividend no fit see my money At this level, I'd rather do fixed deposit

Angelfrost:
Sorry Boss... I didn't mean to be harsh or offensive.

I just firmly believe that gas finishing even at night cannot ever be compared to that Transformer packing up... We are talking months to years without light in this country, depending on the area you live in.

It's a terrible experience abeg.

awesomeJ:
I didn't say foreign countries.

I said negative interest rate markets.

Just like the money rate in Nigeria is currently +27.5%

There were countries whose interest rates were below 0, so playing in the debt market in such countries mean you effectively pay interest for lending out your money. And the borrower earns interest for borrowing.


Japan was the most recent to exit such rates last year. (Japan is the one I can recall I should say)

You can look it up.

Angelfrost:
That's just carelessness on your own part.

You can gauge the level of gas you have at any time.

Once the level has fallen very low, you take it for refill...

Just like car fuel... Do you wait until it's fully empty before refueling?!!

awesomeJ:
-> CP discounts are prorated, so yes for 270 days, you'll get the 15.64% discount, your actual yield would be around 18.5%
-> Yes, CPs are subject to 10% WHT. Then you also pay fees to the bank or finance house through which you buy. Fees should be under 1%, less than 0.5% if you find efficient folks like StanbicIBTC

-> MMF management fees is a portion of the earnings ALONE! Except your MMF is invested in Germany or some other negative interest rate markets, MMF will always make returns.

Yoursfaithful:
https://dailypost.ng/2025/09/03/bpe-to-list-two-discos-genco-in-ngx-privatise-91-fg-assets/

Cum4me:
Gas done finished and you don't have money na wahala ooo

Payunsin:
I want to sell my fbn but I notice Otedola dey defend am at N32 gidigba

crownprince2017:


Agba meat don land...