₦airaland Forum

They can only do this in Yoruba land. I dare Governor Akpororo to mobilise his Edo thugs to Anambra State or Abia State. I wan check something.

*Summary of the New NGX Tick Size Rule*

NGX flattened everything down to smaller increments. Effective date: it’s already live.

For stocks *below ₦5.00*: Old Tick Size was ₦0.01, New Tick Size is ₦0.01. Impact: No change.

For stocks *₦5.00 - ₦99.99*: Old Tick Size was ₦0.05, New Tick Size is ₦0.01. Impact: 5x finer. UCAP is an example.

For stocks *₦100.00 - ₦499.99*: Old Tick Size was ₦0.10, New Tick Size is ₦0.01. Impact: 10x finer. GTCO, NASCON, HBM, etc, are hit hardest.

For stocks *₦500.00 - ₦999.99*: Old Tick Size was ₦0.10, New Tick Size is ₦0.05. Impact: 2x finer.

For stocks *₦1,000.00 and above*: Old Tick Size was ₦0.10, New Tick Size is ₦0.10. Impact: No change.

*Why it feels like a "double whammy of illiquidity"*.

1. *Wider price ladder to climb*
Using UCAP example:
Old: ₦17.95 → ₦18.40 in 10 steps of ₦0.05
New: ₦17.95 → ₦18.04 in 10 steps of ₦0.01
To move ₦0.45 now, you need 45 steps instead of 9. That’s why upside/downside feels "sticky".
2. *Fragmented liquidity*
Before, all buyers had to cluster at ₦128.50, ₦128.60, ₦128.70 for GTCO.
Now orders can sit at ₦128.51, ₦128.52... ₦128.59. The book looks "deeper" but each level has almost nothing. You need way more volume to sweep the book.
3. *Psychological de-rating*
Stocks ₦100-₦499 like GTCO, NASCON, SEPLAT used to be "premium tier" with ₦0.10 ticks. Now they trade like penny stocks with ₦0.01 ticks. It signals devaluation + inflation. It feels like a demotion.

*The math explained*
*GTCO @ ₦128.50*
- Old: Top 5 up = ₦129.00. That’s ₦0.50 move.
- New: Top 5 up = ₦128.55. That’s ₦0.05 move.
To get the same ₦0.50 move, you now need 50 ticks. In a low volume market, that takes forever.

And, you can now place ₦128.22, ₦128.43 etc. which the exchange would have rejected before. More precision, but less momentum.

*Why NGX did this*
Official reason: "Alignment with global best practice + currency devaluation".
Because of inflation, ₦0.10 on a ₦150 stock is only 0.067%. On NYSE that’s like 1 cent on a $15 stock. So they made ticks smaller to allow "price discovery".

Unofficial impact: It exposes how illiquid most stocks are. The old ₦0.05/₦0.10 tick was hiding it by forcing orders to cluster.

*What this means for traders*
1. *Scalpers win*: Can play 1 kobo spreads now on GTCO
2. *Position traders lose*: Takes 10x longer to get a 5% move
3. *Block trades become king*: For big moves, people will bypass the order book.

For stocks ₦100-₦499, this will be the worst category. They lost premium status overnight.

This policy + high interest rates + low retail participation = an exactly sluggish NGX stock market loading...

Smiles

Lifestone:
How's that related to you beating a Lady, whether your wife or girlfriend!

Recheck it.

Lifestone:
Beat a girl, as how? Are you her Father, where did you derived the right to beat a girl. You can break up with her, but beat, never do that

And why should a lady cook for you? Is she your mother?

Lets start crazy logic, and see how well you can stretch it.

Why did Adeleke not decamp to NDC and ride on Peter Obis popularity?

A Scammer and a Fraudster

A Scammer and a Fraudster.

Most high priced stocks getting ready to drop down before Monday...


Most are on Full Offer now.

Most of the money will flow into stocks that are now less than N3.00

Penny stock rally getting ready...

Ok o

Ok o

yMcy56:
I think the best thing is to be keeping some things to oneself on this platform.

*One thing is that no one can dictate what I'll do or not do to me no matter how you try or badmouth any stock..
I've developed thick skin against such a long time ago.

Ok. If this makes everyone happy here, I'm selling AVA today so we can all wait for it at N1. 😊

Please, ignore the naysayers and badmouthers. Just do you. And by the way, you are doing very well.

On First Bank Public Offer:

That part _is_ confusing because of how it was structured:

*The ₦1.4 trillion is NOT going to Oba Otudeko and Co directly.*
It’s going to *First HoldCo Plc*, the parent company of First Bank.

*Here’s how it works:*

*1. Who’s selling the shares?*
The 10.4 billion shares being sold at ₦110 were previously held by *RC Investment Management Ltd*. That firm was used as a "bridge" to hold the shares after the *2025 ownership restructuring* involving Oba Otudeko and other shareholders.

*2. Where does the money go?*
When you buy shares in this *Public Offer*, your money goes to RC Investment Management Ltd. They are the ones divesting.
BUT — and this is the key part — RC Investment Management then passes that capital into *First HoldCo Plc* as part of the recapitalisation deal agreed with CBN. So First HoldCo gets the ₦1.4 trillion to meet capital requirements.

Think of it like this:
`You → Buy shares → RC Investment gets cash → RC injects cash into First HoldCo → First HoldCo uses it for CBN compliance + fintech + insurance expansion`

*3. What about Oba Otudeko?*
He was a major shareholder in First Bank/First HoldCo. The 2025 restructuring reduced his direct stake and moved those shares into the bridge firm RC Investment. This offer is how those shares leave that bridge structure and go back to the general public/market.
He doesn’t get to pocket the ₦1.4 trillion. The company does.

*Why do it this way?*
CBN wanted First HoldCo to raise fresh capital fast to meet the new thresholds. Using a bridge firm + public offer was the fastest way to clean up the shareholding structure AND raise ₦1.4 trillion at once without diluting existing shareholders through another rights issue.

*Bottom line:*
- *Beneficiary of the capital*: First HoldCo Plc / First Bank
- *Purpose*: Meet CBN capital rules + fund fintech/insurance expansion
- *Sellers*: RC Investment Management Ltd, not Oba Otudeko personally.

*First HoldCo Plc just dropped one of the biggest offers in Nigerian capital market history* 🚨

Here’s the breakdown of the *₦1.4 trillion Public Offer*:

*Offer Details*
- *Company*: First HoldCo Plc - parent of First Bank of Nigeria
- *Size*: ₦1.4 trillion ≈ $1 billion
- *Shares*: 10.4 billion ordinary shares
- *Price*: ₦110 per share
- *Opened*: Monday, August 3, 2026
- *Closes*: Friday, August 14, 2026 _but may close early due to demand_
- *Regulatory Clearance*: CBN approved

*Why they’re raising it*
1. *Regulatory Compliance* - Meet CBN’s upgraded minimum capital requirements for international banking licenses
2. *Market Leadership* - Push toward ₦1 trillion paid-up capital base (share capital + premium)
3. *Expansion* - Fund First Bank’s push into fintech and insurance underwriting across Africa
4. *Divestment* - The shares were previously held by bridge firm *RC Investment Management Ltd* after a 2025 ownership restructuring. This offer lets them sell back to the public

*Context*
This comes after First HoldCo already did a *₦150 billion Rights Issue in early 2025*.
With NIIRA 2025 for insurance and CBN’s new capital rules for banks, we’re seeing the biggest recapitalisation cycle in years. Banks and insurers are racing to strengthen balance sheets.

*What it means for investors*:
If you subscribe, you’re buying into First Bank’s plan to scale fintech and diversify beyond traditional banking. With “heavy institutional and retail demand” already reported, the offer might not run to Aug 14.

You can subscribe through stockbrokers, banks, and the NGX e-offer platform. Standard procedure: check your CSCS account and ensure your BVN is linked.

SonofElElyonRet:
That was done yesterday or day before

Ok good

Sovereign Insurance and Regency Alliance Insurance has now been cleared by NAICOM.

Full Bid loading...

The unusual 9.55% price drop in the Nigeria Infrastructure Debt Fund (NIDF) today is primarily driven by institutional profit-taking following its recent climb to historical all-time highs and its recently published H1 2026 financial report.

Before today's drop, NIDF was on an incredibly aggressive run, touching a 52-week peak of ₦179.60 on August 4, 2026. Because NIDF is a specialized, lower-liquidity asset compared to major banking equities, large-scale adjustments by institutional portfolio managers can trigger sharp, sudden daily price adjustments.

NIDF has been one of the quietest top-performing income assets on the exchange, gaining over 42% year-to-date from its 2026 opening handle of ₦115.00. Having peaked last week at nearly ₦180.00, institutional funds (like pension fund administrators) who accumulated the asset at lower prices are harvesting capital gains, creating a sudden imbalance in daily sell orders.

The fund manager, Chapel Hill Denham, recently published the fund's half-year interim report. While the fund demonstrated structural resilience, the underlying numbers revealed a modest contraction:

Pre-tax profit for the six months ended June 30, 2026, slipped by 9.8% to ₦10.63 billion (down from ₦11.79 billion in H1 2025).

Total gross income declined by 8.08% to ₦11.80 billion. Management explicitly attributed this to lower benchmark yields on infrastructure loans and adverse internal fair value movements.

NIDF operates as a strict public-private income vehicle, prioritizing regular cash distributions rather than explosive capital gains. The fund recently went ex-dividend on July 19, 2026, distributing ₦4.40 per unit to eligible investors. After a dividend distribution cycle finishes, income-focused "dividend hunters" frequently liquidate portions of their holdings, causing the price to naturally deflate on the open market.

Despite today’s sharp move, NIDF’s macro-bullish architecture remains entirely healthy. On the technical layout, the fund is moving down to test its immediate major structural moving average and demand zone:

Because the fund retains a robust balance sheet with over ₦45.77 billion in cash reserves, and a highly diversified portfolio yield of 18.23%, this 9.55% drop should be viewed as a standard tactical correction rather than a structural failure.

NIDF does not trade with high daily volumes like tier-1 commercial banks. When trading or accumulating units, avoid placing large "market orders" that can force significant slippage. Instead, use limit orders to capture entry prices near key support.

For those who were sharp enough to Sell Off in May, and Go Away... Remember to Buy back by September...

Cutix Plc and Royal Exchange Insurance Plc have today hit their overall lowest price of the last 12 months...

As a woman, learn to have non-billing friendships with men. You'll be surprised how much value and support they add to your life.
Most times, Billings spoils good friendships.🙄

Before any man beats his woman, just know that he has tolerated a lot of Nonsense from her. Read again slowly, from the beginning.

This hit a nerve because it’s describing something a lot of Nigerians see daily but rarely talk about without getting dragged.

You’ve captured 3 different layers of the same problem:

*1. The Street Level: "Agbero Culture"*
The begging that comes with threats.
It’s no longer “please help me.” It’s “you _owe_ me.”
When celebrities give ₦5k and hear “na only this?” it tells you the baseline has shifted from gratitude to demand.
The political angle is real. When people are desperate and hungry, they’re cheap to hire for rallies, thuggery, ballot snatching. Solving it removes a tool from the toolbox.

*2. The Regional/Historical Layer: Almajiri System*
10-15 million Almajiri/out-of-school youths, 12-14million out-of-school kids in the North, 65% of Nigeria’s poor in that region per NBS.
Begging there became institutionalized over decades due to gaps in education, social welfare, and poverty. It’s cultural now, which makes it 10x harder to fix because it’s tied to religion, tradition, and survival.

*3. The "Corporate Beggar" / Social Media Layer*
This is the one that’s blowing up in Lagos, Abuja, PH. The “WhatsApp police” and “enjoyment tax” 😂
You post new phone, jollof at a restaurant... 3 days later: "Bros, abeg check me with 10k. I know you get it."
It comes from economic pressure + social media visibility. Abroad people go to Jobcentre, food banks, welfare. Here, the welfare system is you + your network. So people track who’s “blowing” and treat it like a resource.

*Why it feels like a crisis now*
1. *Economic squeeze*: Inflation, fuel, rent. People who were middle class 3 years ago are now the ones begging.
2. *No safety net*: Unlike UK/US where you pressure DWP or charities, in Nigeria you pressure your cousin, boss, or that one friend who posted abroad pics.
3. *Normalization from the top*: When govt begs IMF, World Bank, for loans/debt forgiveness, and celebrities do TikTok gifts, it signals that asking is okay. The difference is power and platform.

*The Hard Truth*
Begging itself isn’t the problem. Poverty + lack of dignity + lack of options is.
But when it turns to entitlement + threats, it becomes a security issue. Everybody wants to be secretive about their wins just to avoid “tax.” That kills community.

*What could help?* Not easy answers, but:
- *Govt*: Real jobs, skills, education, social welfare. You can’t police 15 million people out of poverty.
- *Communities*: Redirect Almajiri to schools with feeding.
- *Individuals*: Boundaries. It’s okay to say no. Helping once doesn’t create a lifetime contract.

The moment you show joy online in this economy, people assume you’re swimming in cash.

Before any man beats his woman, just know that he has tolerated a lot of Nonsense from her. Read again slowly, from the beginning.

Before any man beats his woman, just know that he has tolerated a lot of Nonsense from her. Read again slowly, from the beginning.

Before any man beats his woman, just know that he has tolerated a lot of Nonsense from her. Read again slowly, from the beginning.

Who wastes time searching for a Hookup babe?

Weh yuh seh?

If I fail, dem go laugh me
Na my mama na him baff me
Dem use excuse dey slap me
Same people, when I turn, dem go yab me
Alright.

Tell me, tell me where dem dey
When I dey hustle, I dey try sustain
Every, every Saturday
From Ilaje down to Costain
Abeg, abeg no carry my blessing run
Today na you, tomorrow fit be my turn
Show me love, no go show me python
We be the same for Oluwa kingdom
So me say

Celebrate me, now when I dey alive
Appreciate me, now when I dey alive
No be say when I leave this life
You go dey fake am for my wife
Celebrate me, now when I dey alive
Appreciate me, now when I dey alive
No be say when I leave this life
You go dey fake am for my back

Elema of Warri, you be big name
Ifeanyi Odii, you be big name
Awaritse, you be big name
My brother Young Don, you be big name
Onyeoma Havey The Don, big name
Foston, Sirgila, big name
Ejele One, you be big name
Obi Cubana, you be big name

Arthur Eze, you be big name
Ben Peters, you be big name
Tom Polo, you be big name
OCHACHO Ebelebe[color=#000099][/color], you be big name
Okonjo Eweala, you be big name
Larry Gaga nwannem, you be big name
Oluwa make me a big name
Make I put all my enemies in big shame
So me say

Celebrate me, now when I dey alive
Appreciate me, now when I dey alive
No be say when I leave this life
You go dey fake am for my wife
Celebrate me, now when I dey alive
Appreciate me, now when I dey alive
No be say when I leave this life
You go dey fake am for my back

Gimme-gimme, wetin I deserve
If I suppose dey, no put me for reserve
No go wait 'til I kpai
Before you gimme meat pie

Mike Adenuga, you be big name
Lekki Gardens, you be big name
Kabiyesi Elegushi, you be big name
Obafemi Martins, you be big name
Dammy Oloyon, you be big name
Ibrahim Mahama, you be big name
Sledge for Ghana, you be big name

Spoy Chukwudi, you be big name
Chief Ikuku, you be big name
NASA Research, you be big name
Alfred Temile, you be big name
Charlie Akpuruka, you be big name
Big Lamz, CB, big name
Emma Baggie, Billie Boom, you be big name
Afunsho Ferra, you be big name
Batura Long Cash, you be big name
Oluwafizzy

Celebrate me, now when I dey alive
Appreciate me, now when I dey alive
No be say when I leave this life
You go dey fake am for my wife
Celebrate me, now when I dey alive
Appreciate me, now when I dey alive (now when I dey alive)
No be say when I leave this life
You go dey fake am for my back (fake am for my back)

Gemstone still the boss
You dun' kno
Weh yuh a seh?
(Giddem, giddem)