₦airaland Forum

Raider76:
Image what this country must have lost through the corruption, steeling and eventual grounding of the nation's refineries. The DR has really exposed a lot of what happened and is still happening in the Nation's petroleum sector.

Corruption,mediocrity or inefficiency is the bane of Nigeria.

Infact, corruption and mediocrity is now a religion in Nigeria.

mikeapollo:
Wow!
Long time no see. Welcome back
Access is still Access oooo!
I hope we'll ''access'' the jackpot soonest because yours truly is with you in this. You are not alone.

Welcome back once again. and wish you all the best.

NGX is truly crazy and can humble all of us!

I wasn't humbled by ACCESSCORP!

I have always been around.

I am now in stage in the NGX where I pay myself dividend whenever the opportunity presents itself.I don't have to wait for the company declared dividend. I am a smooth operator that flows with the trends.🙂

Meerahbel:
“Dangote is a Seplat in the waiting” — not as a guarantee of price appreciation, but as a thesis around strategic importance, earnings potential, visibility and the possibility of sustained institutional interest.

I actually agree with the argument that Dangote may be trying to prove a point with this IPO, especially considering what is coming next.

Think about it strategically.

If this listing performs poorly, the attention around the company and, by extension, future listings will naturally reduce. But if this IPO comes out strong, gets oversubscribed, lists well and continues to attract buying interest after listing, it creates a completely different narrative.

And that is where I think Dangote could potentially become Nigeria’s next Seplat-type story.

Not because they are the same business — they are obviously not — but because Seplat showed what can happen when a strategically important Nigerian company combines strong fundamentals, institutional interest, growing earnings and increasing market visibility.

Dangote is sitting on something even bigger from a market-importance perspective.

You have the refinery, petrochemicals, fertiliser, cement and potentially several other businesses feeding into the broader ecosystem. If these businesses continue translating into stronger earnings and the group keeps unlocking value through listings, you could gradually see Dangote becoming a much bigger story on the NGX.

And let's be honest: the IPO itself is only the beginning.

That's why I'm beginning to look at Dangote as a Seplat in the waiting — a company that could potentially become one of those stocks people look back at and say: "Why didn't I buy this thing when everybody was still arguing about it?"😂

I was initially very sceptical about entering the IPO. But after looking at the bigger picture and the optics around the listing, I've changed my mind.

Obviously, nothing is guaranteed. IPOs can disappoint, stocks can fall after listing, and hype is not the same thing as fundamentals.

But from a risk/reward and market-psychology perspective, I can now understand why some people are looking at this IPO differently.

Dangote may not just be another IPO. It could be the beginning of another major NGX story.

And if fertiliser, petrochemicals and the other businesses eventually start getting valued separately?

Omo… na then the real movie fit start. 😂📈

Dangote Refinery is a mini Nigerian economy!

It is going to be a 10 bagger company in 4 to 5 year.😁

essentialone1:
This is the clearest warning sign yet, for Tier-1 banks.

*The headline numbers - H1 2026:*

- *OPay:* Revenue +136.50% to $467.1m (N623.8bn), Pretax +276.00% to $134.5m, Net +318.00% to $90.9m
- *Zenith:* Gross earnings -24.60% to N1.899trn, Net income -19.00% to N430.7bn (tax hit)
- *GTCO:* Gross +3.20% to ~N1.1trn, PBT +0.40% to N603bn, PAT -7.70% to N414.2bn, Fee income -9.00% to N123bn, Loan book flat at N3.14trn

OPay is now ∼33.00% of Zenith's revenue and ∼28.00% of its profit, from almost zero, just 4 years ago. 89.50% of OPay's revenue, is still from Nigeria.

*Where OPay is actually winning:*

1. *Distribution:* 50.1m MAU, 26.8m DAU (July 31), tripled since Q1 2024. 90.1bn transactions worth $558bn LTM. 800k POS terminals + agents vs 5 bank branches per 100k people in Africa.
2. *Lending pivot:* This is the real threat. New loans originated in H1 tripled to $927.6m (N1.24trn), 6.7m borrowers in Q2 (7x vs early 2024). Loan income $236.1m (+168.00%) is now its biggest revenue line. Outstanding $324.9m is still only 3.60% of Zenith's book and 14.00% of GTCO's, but growing 204.00%.
3. *Deposits:* 42m+ users with savings, $978.9m balances (N1.31trn) — NDIC insured, interest-bearing. That's cheap deposits, that banks are losing.

*Why GTCO's -9.00% fee income matters:*
OPay's transaction revenue +87.00% to $130.6m, while GTCO's fee income fell. Banks live on fees + cheap retail deposits. If salary, transfers, and savings sit in OPay first, banks lose the data, and the float.

Zenith's defense is working better — fee income +40.00% on digital, NIM widened to 12.40%. So Tier-1s can compete, but not with branch-led model.

*OPay's own risk is flagged in its October 9 NYSE prospectus:*
- Credit loss provisions = 25.00% of revenue (high-risk 100-day loans).
- Regulatory risk of rate caps
- FX trap: limits moving dollars out of Nigeria could block dividends to foreign shareholders

Bottom line:

It's not size, it's velocity. OPay has 66.10% of active users, across finance apps, in Nigeria. Banks still dwarf it, but the daily habit, has flipped to fintech.

Customers will always reward efficiency with patronage!

Opay is another word for efficiency.
Don't forget a Chinese guy is the brain behind Opay;and the Chinese are known for efficiency all over the world.

95 percent of the Nigerian banks don't know the meaning of efficiency.

Most workers in the Nigerian banks even use Opay because of its great efficiency.

FSBoperator:
There's a Chinese owned quarry in Abuja that mines limestone chippings.

Do you know that the tipper guys who work independently at the quarry site will collaborate with the scale operator to not fill the truck with the 40 Tonnes capacity load which goes for about 400k. They will arrange with the scale operator to reduce the payload by as much as 10 tonnes.

If they have a consignment contract to supply 10 truck loads, they will be ripping their clients by as much as 100 tonnes which is equivalent to 2 and half truck supply amounting to as much as #1,000,000.

The Chinese found out about this unwholesome practices because they noticed more truck movement into their quarrt but less limestone being hurled from their site.

The Chinese sacked the Nigerian operators and had one of their own mounts the scale operations.

The Chinese are only interested in making sales and if any one in the chain of their operations is undermining sales , the Chinese will find a way to cut them out.

This scenario I wrote here applies to the Ibo traders who get their goods from Chinese warehouses at the market but can't move them fast enough because they put too much profit on top.

The Chinese saw that this was slowing their inventory sales and so cut the Ibos out of the mix and started selling directly.

If I had a distribution company , I will prefer to partner with a retailer who can move my goods and fast as possible so I can order more inventory and so make quicker turnovers

The Ibo traders have become an impedinent to Chinese sales operations and so the Chinese cut them off.

There is nothing wrong with what the Chinese are doing and it is far better for our import based economy that goods are cheaper for the consumer overall.

This is very true !

Most Nigerian traders like excessive profit.

MrRichmond:
That "kiddo" is right and obviously way smarter than you.

The purchasing power of the naira has depreciated by roughly 85% since Jonathan left office.

That 17k from 2015 is worth N121k today.

learn from that kiddo, mr old man.

The APC is all about 'Voodoo Economy'!

The minimum wage should be at least ₦200,000 as a result of Naira devaluation and fuel subsidy removal.

paxonel:
Because they want every slightest opportunity to feed their pastor who is not working for money and is not paying tax.

A very dysfunctional society

Thanksgiving is an avenue to generate funds to churches.

He is a Professor in Money Making.

ogawisdom:
Tinubu is ready to snatch it, kill if needed and run with it, winning is all that matters to him and for him he will do anything to retain power.

The odds are heavily on his side and he has all it takes.

What is the international community doing about the daily killing of school children and teachers in Nigeria?

Obi is like a student who thinks he is intelligent because he came first in a village school of dull students. Again Obi can't defend his votes even if he wins but rigged out, he is too gentle, so it's pointless.

Obi is too gentle

Agbero(APC) no dey fear gentle people.

nairalanda1:
Natrual diet reduces the risk of getting cancer , and the risk of cancer reoccuring. It does not cure cancer. Even Ben Carson that used natural diet to reduce his prostate cancer, eventually had an operation to remove the prostate.

Also, a lot of drugs for cancer work. Very very well. Take Hodgkin's lymphoma. Before 1970, death sentence, after 1970's ...you get to live.

Ovarian cancer can be prevented...via genetics. And it can be cured...by operation, once caught on time.

FInally, immunotherapy is coming up with new cures by the day

(Yes, chemucal drugs cause side effects, but consider the alternative. Death in pain)

What you don't know is greater than what you know

Natural diet in its purest form cures all diseases. You can't be eating natural food and packaged(ultra processed) food and expect to get healed by natural food.

Canned drinks,canned milk,processed sugary chocolate beverages,bread,biscuits,noodles, etc are not natural food.

The right human nutrition is the perfect cure to all diseases.

NairaMaster1:
See who the talk. You wey the take antimalarial every month.

I hate nonsense talk.

I have not taken pharmaceutical(chemical) drugs for more than 10 years.

Natural food is the best medicine.

Chemical drug is not the perfect solution;the perfect solution is the right diet.Natural diet or food is the best medicine.

Pharmaceutical drugs have caused more damage than solution to modern medicine.

The pigs and piglets are getting slaughtered.

Your car is like your body; and it you duty to know how to maintain it and not that of the mechanic.!

Auto repairers make more money when you don't know how your car function; and how to maintain it for optimal function.

Blizzy300:
Hey guys I need advise

I'm going through adult life relationships crisis

For the first time in life I'm double dating

First one - Success insanely cute, chocolate, tall with killer slim fit shape, smart, reads alot of books, does not do tiktok understands my jokes intelligent

Redflag: she's very quiet and I have not seen what's she's like when she's angry.

She's really into me

Second one - Mmasi, very fair with good face card, always smiling, a cheerful giver, (the first day we met, she paid the bill)
Gists alot

She has big bunda ( like that type that makes you turn twice)

Sadly She shakes it on Tiktok 😞(not the seductive type) but still.

At first I wanted to run because she was given me 1 word responses but when she saw I drew back she added fire.

That's the period success came in

Now I'm in the middle of this quagmire

I want the two but unfortunately the society frowns at.

What do I do at these point.

Go for the first!

The first one will give your peace of mind.Nothing beats ladies who read a lot.

Never you underestimate readers; because most readers are problem solvers and leaders.

yMcy56:
FCMB Corporate Action:
Final Dividend: 0.35k
QD: 15th June 2026
PD: 30th June 2026

https://doclib.ngxgroup.com/Financial_NewsDocs/47133_FCMB_GROUP_PLC-FCMB_GROUP_PLC_-CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACTIONS_JUNE_2026.pdf

AFS 2025
https://doclib.ngxgroup.com/Financial_NewsDocs/47129_FCMB_GROUP_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JUNE_2026.pdf

Q1 2026
https://doclib.ngxgroup.com/Financial_NewsDocs/47130_FCMB_GROUP_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JUNE_2026.pdf

FCMB has done the right thing by declaring something(35 Kobo) as dividend.

I bought FCMB for less than ₦3 around 2010 or 2011.

35 Kobo dividend is more than 10 percent dividend yield for me😁

mariovito:
To be honest, I am not a fan of preservation of the dead

Bury them as soon as they die

Let the dead have some dignity

There was a story of a family that had to go exhume the dead they buried as the morticians later came to tell them that they were given the wrong corpse

Once all that preservation is done and the corpse left for a long time, they become unrecognizable and you will take whatever resemble your person that they give to you.

I agree with you.

The culture of taking death bodies to mortuary is a bad western culture.

I see no benefits in taking death bodies to mortuary.

Dead bodies should be buried 24 hours after death.

Patnome:
Big lies

Who dey sponsor you......

Nigerians and bad belle

Your evil agenda can't bring noodles company down

Give us proof or you forever stfu

We don't need noodles companies and other junk food companies.They produce slow acting poisons(junk foods).

Walllee:
Shut up and stop talking bulshit,for the past 20years children and adults have been consuming this food how many of them has had an issue related to the food.

You're probably uninformed about the danger junk foods pose to human health.

In the long run,junk food lead to high blood pressure,diabetes,cancer,heart attack,mental illness(depression)and stroke.

Ololade1999:
Brother, you don't need to advise anyone. Experience is the best teacher. They go learn by force. I have totally stopped eating that shit. It increases BP gradually. Some will even drink soda and energy drinks after eating it. They will all learn

They are buying slow acting poison with their money.

Noodles and carbonated drinks factories should be converted to poultry and animal farms. More protein food does the body more good than junk food.

NNtv:
All these people spewing noodle is not good for your health are bunch of lulunatics. They don't why they claim it's not good for people's health, except they heard it somewhere on the internet.

It is a sophisticated poison and not a real food

Oo

ElevationD:
Deluded and yet you live all your life thinking about the same country. Deluded and yet your family and friends choose to relocate there over China and Iran. Once again, there are those like you who feel humiliated for not getting American visas. Even the Chinese wey cheap, you no fit get.

A country where its citizens play with guns as if they are toys, yet you live in a country where terrorists have completely overrun, kidnapping people in their hundreds, maiming, killing, using for rituals and collecting ransoms now running into hundreds of billions? Maybe the terrorists in your country carry guns as water bottles of water and not toys. The USA is a packaged war zone, while your own country is an unpackaged war zone. Go and check the crime rate in China and tell yourself the truth.

Unfortunately your mind has been so bifurcated by the Chinese, that you do not know that there’s a world of difference between the fake that they export to your country and the originals that they export to the USA and the rest of the West, knowing that all goods must pass regulatory tests otherwise why are returned.

Go and ask how many Americans who relocate to China, or any other part of the world and compare them to the Chinese who live and have taken permanent in America, even bearing English names, even working as policemen and in the armed forces of the USA.

Continue living the lie.

I don't even fancy living abroad.

The USA is a packaged Nigeria.

ElevationD:
Maybe you need to see me physically and take a look at my passport to compare with yourself.

You can only tell your words to yourself as a consolation. Losers only look at China as their alternatives, when they have tried to get American visas and failed. On arrival in China, they think that they have found heaven on earth. While you live in illusion, you do not know that Chinese citizens queue up at the American embassies to relocate to America, where they can find peace and live their dream.

Meanwhile you all cry over fake products imported into Nigeria, while those who import genuine products from the same America are happy to have enduring products. Dey deceive yasef. While the Chinese exploit Nigerians in Nigeria, you cheat yourself deliberately and consciously while pointing dirty accusing fingers at the Americans. Na your type dey work for Chinese factory in Nigeria with suffering. Dey follow copycats.

I think you're deluded.The USA is a packaged 'war zone'. A country where its citizens play with guns as If they are toys

Americans are relocating to chinese cities to enjoy true freedom(in order to escape from the USA police brutality and gun violence that occur daily in the USA).

The same sophisticated USA import the so 'called cheap and fake' televisions,foot wears,clothes,computers and toys from China

ElevationD:
China is light years ahead as copycats,
China is 90 percent ahead with fake products.
Did you forget.
Once again, it is only losers, who along with the family and friends have been frustrated in their efforts to get to America, who cry daily.

The USA is not safe! A country where gun violence occur on a daily basis.

ElevationD:
Sure because the American society is very receptive. The Americans always talk about the American dream.

The Iranians painfully want to live in America, force the Americans to change their traditions and religions and systematically destroy the country.

The Chinese daily build the future, yet they are behind the Americans. They have always copied American technology. The very wealthy Chinese citizens have purchased plenty of property in America and recently, the American government has started resenting them.

Wetin dis one dey talk sef?

Just travel and stay in China for like one month; then you will discover that the USA is now a third world country when compared to the USA .

ElevationD:
When you comments on public spaces, learn to back up your claims with facts that are proven and not such comments as you have just done. Such comments are dismissed as irrelevances.

Show us what makes the USA a third world country, compared to the USA. Show us how more developed China is to the USA.

In 90 percent of science and technology,China is far ahead of the USA.

In 90 percent of social and economic development,China is light years ahead of the USA.

ElevationD:
That’s what the world needs. Progress, development, peace, decent societies. The world needs great thinkers and great leaders. The world needs leaders who will leave it far better than they met it when they were born. A clear example is Li Quan Yu and his great works in Singapore.

While the Chinese, Americans, Japanese, Singaporeans, Malaysians, Taiwanese, Saudi Arabians, UAE and the rest, work hard to make the world great, the Iranians are very busy building weapons of mass destruction and spreading terrorism to destroy the world.

One continues to wonder why the wicked Mullahs in Iran and their evil proxies and supporters continue to exist with their acts of wickedness endlessly.

While they out of jealousy chant “death to America”, “death to Israel”, the Americans and Israelis continue to grow and prosper. While the vampires in Iran continue to destroy their own country, their children and grandchildren live happy, finding fulfillment in the countries that they work hard daily to destroy. While some continue to show us how beautiful China is, they prefer American citizenship. Even the Chinese prefer American citizenship.

In all one must appreciate the beauty and effort of the Chinese government. We also hope that Nigerians leaders can cut off corruption and build a beautiful society worthy enough for the future of their children and grand children.

This American fan is just hyping the USA.

The USA is directly and indirectly the cause of major world conflicts.

The USA of 2026 is like a third world country when compared to China.

Risingblue008:
I will keep saying this,

China is the new world power now,
China don dust united states hands down even before biden came into power self,
China don leave this world behind
Take it or leave it,

Only deluded folks still believe the USA is the number one country.

ratcock:
The Chinese are on a whole new level.
Not a day passes by that you don’t hear news of groundbreaking innovation from the Asian giant.

Compared to this dysfunctional country I really envy those people

Nigeria is not yet a serious country.

China will rule the world for a least the next 100 years!

nosa2:
I plan to buy Ellah lakes for N2. I am just looking at all this bull market blues. Let market sentiment change first, people will be dumping like the stock has leprosy.

A loss making company is equivalent to leprosy!

I don't invest in loss making companies when there are many profit making companies.

narite:
Why didn't you tell us this while you were crucifying some of us trading so called "kpekus". Am I right with the words? I can't recall the way you write it.

Sadly, some of us here did listen to you, not knowing you were busy filling your pocket behind the scenes, doing what you told us not to do.

Jumping in and out of a stock where there is an opportunity to make quick money is okay. But I don't encourage using very risky companies when jumping in and out of a stock.

Ellah lakes(aka lekos) is a low quality company when compared to companies like ACCESSCORP and UBA.

Both ACCESSCORP and UBA have not declared loss results(reduction in profit is not equivalent to a loss)for the last 20 years. On the other hand,Ellah lakes is still a mediocre or a loss making company .