₦airaland Forum

Giving birth to female children, is a punishment.

Giving birth to female children, is a punishment

He too will soon die in an Helicopter crash.

Israel is a silent destroyer.

Death to Iran and Pakistan

Mikuni:
Cele girls: those idiots are dirty oloshos, especially the ones who wear ankle chain. Igbo women: especially the ones with tiny beard. Benue women: especially the illeterate ones. Edo women: those stingy species even travel abroad for prostitution. Any woman who wears waist bead is a promiscuous she-goat.

Akwaibom or Delta women who speak Yoruba as their second language can't be trusted. Any girl or lady who bears the name "Precious" is a promiscuous person. All Imo girls are whores. Any girl who uses iPhone bought by a man is not only a thief, but a hoe.

With these caliber of women amongst us, coupled with the harsh economy, it is safe to say that Nigerian men are the most unfortunate people on earth.

You are 100% correct.

Tunagee:
Very true

Anyone can argue it. People can say it depends on your location. And it depends on people who you know. But against Truth, there is no Argument.

This does not concern Nigeria, and it does not concern me

BEST PERFORMING COMPANIES IN 2023

Stocks that gained above 100% in 2023...

1. Chams Plc: +855%
2. MRS Oil Nigeria: +680%
3. Computer Warehouse Group: +583%
4. Transnational Hotels Plc: +610%
5. FTN Cocoa Processors: +541%
6. Japaul Gold and Ventures Plc: +482%
7. National Salt Company: +414%
8. Northern Nigeria Flour Mills Plc: +389%
9. Skyway Aviation Handling Company Plc: +407%
10. BUA Foods Plc: +206%
11. Dangote Sugar Refinery: +273%
12. Associated Bus Company: +236%
13. Ikeja Hotel Plc: +300%
14. International Energy Insurance: +266%
15. Golden Guinea Breweries: +289%
16. Omatek Ventures: +305%
17. Tripple Gee & Co. Plc: +201%
18. Unity Bank: +205%
19. United Bank for Africa (UBA) PLC: +182%
20. Sterling Bank: +165%
21. Geregu Power Plc: +168%
22. Glaxo Smithkline Consumer: +162%
23. John Holt Plc: +153%
24. Lasaco Assurance: +118%
25. Linkage Assurance: +113%
26. AXA Mansard Insurance plc: +130%
27. Cornerstone Insurance Company: +130%
28. The Initiates Plc: +127%
29. Berger Paints: +117%
30. Access Bank Plc: +112%
31. FBN Holdings Plc: +105%
32. Fidelity Bank Plc: +107%
33. Eterna Plc: +103%
34. PZ Cussons Nigeria: +103%
35. RT Briscoe: +138%
36. Tantalizers Plc: +190%
37. Thomas Wyatt Nigeria: +114%
38. Sunu Assurances Nigeria Plc: +369%
39. Transnational Corporation of Nigeria Plc: +496%
40. MeCure Industries: +242%
41. Oando Plc: +193%
42. Conoil Plc: +226%
43. Mutual Benefits Assurance: +100%


Sector Performance


The top-performing companies represent diverse sectors:


1. Technology (Computer Warehouse Group, Chams Plc, Omatek Ventures)
2. Energy (Oando Plc, Conoil Plc, Eterna Plc, International Energy Insurance)
3. Financial Services (Access Bank Plc, FBN Holdings Plc, Fidelity Bank Plc, Unity Bank, United Bank for Africa, Sterling Bank)
4. Consumer Goods (BUA Foods Plc, PZ Cussons Nigeria, Golden Guinea Breweries)
5. Industrial Goods (Berger Paints, RT Briscoe)
6. Agriculture (FTN Cocoa Processors, National Salt Company)
7. Aviation (Skyway Aviation Handling Company Plc, Nigerian Aviation Handling Co)
8. Hospitality (Ikeja Hotel Plc, Transnational Hotels Plc)
9. Insurance (AXA Mansard Insurance plc, Cornerstone Insurance Company, Lasaco Assurance, Linkage Assurance, Mutual Benefits Assurance, Sunu Assurances Nigeria Plc)

https://businessday.ng/companies/article/golden-guinea-wins-n10bn-suit-against-ab-inbev-international-breweries-appeals/

What is the outcome, and implication of this?

What is driving up the price of Deap Capital Management & Trust Plc? Already gained 110%.

Safe to still buy it now?

Can Israel launch 200 Ballistic missiles at once against Iran? I really want Iran and Pakistan to be wiped off the face of the Earth.

13 NIGERIAN COMPANIES THAT HAVE GAINED 100% and ABOVE IN 2024...



Juli Plc (1,646%)
Oando Plc (687%)
RT Briscoe Plc (425%)
Veritas Kapital Assurance Plc (308%)
Julius Berger Plc (226%)
Geregu Power Plc (188%)
Industrial & Medical Gases Plc (160%)
Presco Plc (152%)
Eterna Plc (117%)
Meyer Plc (116%)
Deap Capital Management & Trust Plc (110%)
BUA Foods Plc (104%)
Conoil Plc (100%)

Yoruba men and Yoruba women remain the most promiscuous people in the world. Completely shameless.

Yoruba men and women are the most promiscuous people in the world. This is a fact.

Since 1st August, 2024, they have not taken out light. It is actually 24 hours electricity and not 20 hours as the Minister said. But I no go lie, for more than a week, I have been enjoying my own self-imposed darkness ooo.

No be me Tinubu go kill with Tariff and high blood pressure.

From 30k monthly, now I spend 120k monthly to load the prepaid meter. No capping. Minimum Wage sef wey be 70k na joke .

Pride, shame, immaturity, etc is the root cause of ladies buying dildos. There is always a willing man.

Most of the useless ladies killing their pvssyies with dildos are those who are not social, they can never greet even a neighbour, always full of themselves, it is a lady's world my foot. You may be satisfied but still not happy. Social media is a large space. Even if you cannot open up and socialise with guys living close to you, social media exists for a reason. Even if you are richer than Folorunsho, not all poor guys is a gold digger.

I have said it 900 times. Every lady is naturally stingy. A wealthy guy does not mind asking out a poor girl even if it is just for sex, and won't see her as a gold digger, but every lady that manages to have up to 17 million Naira in her account which is actually just a fvcking small 10,000 USD, she begins to see every poor guy as a gold digger.

Many years ago I predicted this trend of ladies using dildos will become so rampant, they thought I was lying. This is just the beginning. Nigerian ladies need to understand that they cannot copy everything they see in foreign movies.

Dildos may satisfy you, but you are not still happy. Stop frowning on the road and streets. Smile often. Even if you don't want to appear cheap by asking out a guy you like and want to have sex with, smile often around him. It is a green light. Most guys will naturally respond and make the move.

When guys toast you and you are playing hard to get, now the table has turned. You now realise that most guys have moved on to other persons and other things then you suddenly realise that konji is a bascard.

Make una continue until una tire. I am a Critical Analyst. I see the end of things even from their beginning. This too go tire una.

I remember when I said a time will come when ladies will start begging guys to marry them. Most people said I was lying. Go on Facebook groups and see them fooling themselves.

No Woman is a Man. No matter how many trousers you wear, you will never be a man. Be humble. Be social. Be simple. Be courteous. Greet politely. Smile often. If you say none of these matters, with time you will realise say nobody really send you.

If you need erotic company, inform a guy, either by words or by body language. Guys are always available, and better than 1,000 dildos. Stop killing yourself by yourself.

Place a random call to their official number: 01 631 2940
Or send any enquiry to them on connect@afrinvest.com or brokerageteam@afrinvest.com

Let us start from there.

elepsis, your app is Automated and means nothing.

Do the above Check Tests I sent to you above and give us a Feedback. Also try to withdraw Funds through your App, and also give us the Feedback here.

Body go soon tell you.

elepsis:
Looooooooool

Some of you need to be locked up with your falsehood. The email is no longer operational and staff laid off? Looool. Were you a staff? Una go just dey post anything wey enter una head.

Prove it wrong. Or you need tonnes of evidences?

yMcy56:
Oga, abeg be verifying information before posting in the public o.
Why did you say this in the first place?

Make your own findings.

elepsis:
You people can spread falsehood sha. What do you mean folded up? First, they're called Afrinvest Securities Limited, not what you wrote there. Secondly, it's only their web portal that they're reworking and they notified investors. Their mobile app, Android and iOS are working perfectly. Here's a link to the announcement https://www.instagram.com/p/DAHAX2nOpLx/?igsh=MTVqM2MzcXdrODIwaQ==

Afrinvest has been in business since 1995. An almost 30yr old business regulated by the SEC & NGX does not just fold up. Learn how things work, find the truth before you start posting things in public.

brokerageteam@afrinvest.com is no longer operational.
They no longer respond to messages or enquiries. Afrinvest have gone totally dark. Most of their staffs have been laid off.

OakPearl:
How true is this statement?
Also, may I clarify that a stock broker going under has nothing to do with clients’ stock portfolio investments as all stocks bought through the broker is warehouses with the CSCS.
All they need do is register with a new broker and and complete share transfer forms for their portfolio to be moved to the new house.
Unless they invested in the broker’s special in-house products not backed by the SEC and CSCS.

Once your Stockbroking firm disappears, every money you have with them that you have not yet used to buy shares is lost forever. Only your shares are safe since those ones are domiciled not with your Stockbroker but with CSCS

Afrinvest Securities Limited have folded up, leaving several of their clients and investors stranded and at a Loss.

Make sure you do a minimum of 1 hour of non-stop jogging every day. It is not a guarantee of a long life, but it is a guarantee of a healthy life.

I always knew NYSC allowance would be N77,000 and not N70,000, but I am surprised that a lot of serving corpers did not know how much they were going to pay them.

NYSC allowance is usually Minimum Wage + 10% of Minimum Wage. When Minimum Wage was N18,000, 10% of it is N1,800. Hence, NYSC was paid N19,800. When Minimum Wage was N30,000, 10% of it is N3,000. Hence, NYSC was paid N33,000. Now that Minimum Wage is N70,000, 10% of it is N7,000. Hence NYSC will be paid N77,000.

Private Ruth Ogunleye, a discharged Nigerian Army soldier, is seeking transparency from the Nigerian Army regarding the investigation into her accusations of sexual harassment against senior officers, including Colonel I.B. Abdulkareem. Ogunleye claims Abdulkareem attempted to assault her, administered unwanted injections, and confined her to a psychiatric hospital after she refused his advances.

She also implicated Colonel G.S. Ogor and Brigadier General I.B. Solebo in making her life difficult. The Nigerian Army, however, dismissed her claims, stating that an extensive review found no merit to her accusations and that medical evaluations indicated Ogunleye had a condition making her medically vulnerable, influencing her discharge.

Ogunleye took to TikTok to reiterate her demands for transparency, requesting the Army publish the investigation outcome on their social media platforms. She expressed gratitude for her service but insisted on transparency. Additionally, Ogunleye called on the Minister of Women Affairs, Uju Kennedy, to speak out, as Kennedy had prevailed upon her to write a discharge letter.

Many online commentators have expressed skepticism about the Army's handling of the situation, with some questioning the timing of Ogunleye's discharge and the mental health claims. Others have praised Ogunleye's courage in speaking out. The outcome of this situation remains to be seen.

The Nigerian government's plan to tax more Nigerians and businesses has sparked controversy, especially given the current economic hardship. The "Tax Identification Consolidation and Collaboration" (TICC) initiative aims to increase Nigeria's tax base and revenue, but many are concerned it will worsen the economic situation.

Critics argue that introducing more taxes will stifle small enterprises and drive more people into poverty. With inflation at 32.15% in August, the timing of this plan is questionable. Some experts suggest that the government should focus on reforming the fiscal system and creating a sustainable business environment instead of placing additional burdens on already struggling Nigerians.

Key Concerns:

- Widening the Tax Net: The plan aims to expand the tax base, but many Nigerians are already struggling to make ends meet.
- Economic Hardship: With high inflation and a costly living situation, additional taxes may push people over the edge.
- Lack of Trust: The government's recent denial of plans to increase Value-Added Tax (VAT) has led to skepticism about their intentions.

Potential Solutions:

- Fiscal Reform: Streamlining government expenses and addressing corruption could free up resources and reduce the need for increased taxation.
- Economic Diversification: Nigeria's reliance on oil revenues has led to economic instability; diversifying the economy could provide more sustainable revenue streams.
- Support for Small Businesses: Encouraging entrepreneurship and providing resources for small businesses could help stimulate economic growth.

The Economic Stabilisation Bills are currently with the National Assembly for approval, and only time will tell how this plan will unfold.

LASACO Assurance Plc. - Q5 Financial Statement for 2023


1. Executive Summary

LASACO Assurance Plc. reported strong financial performance in Q5 2023, with significant growth in gross premium income, underwriting profit, and investment income.


2. Financial Highlights

1. Gross Premium Income: ₦6.43 billion (Q5 2023) vs ₦5.64 billion (Q5 2022), up 14%
2. Net Premium Income: ₦4.35 billion (Q5 2023) vs ₦3.83 billion (Q5 2022), up 14%
3. Underwriting Profit: ₦1.13 billion (Q5 2023) vs ₦741 million (Q5 2022), up 52%
4. Investment Income: ₦542 million (Q5 2023) vs ₦463 million (Q5 2022), up 17%
5. Profit Before Tax: ₦1.67 billion (Q5 2023) vs ₦1.20 billion (Q5 2022), up 39%
6. Profit After Tax: ₦1.34 billion (Q5 2023) vs ₦964 million (Q5 2022), up 39%


3. Balance Sheet Analysis

1. Total Assets: ₦34.6 billion (Q5 2023) vs ₦31.4 billion (Q5 2022), up 10%
2. Shareholders' Funds: ₦14.5 billion (Q5 2023) vs ₦13.4 billion (Q5 2022), up 8%
3. Total Liabilities: ₦20.1 billion (Q5 2023) vs ₦18.0 billion (Q5 2022), up 12%


4. Key Ratios and Metrics

1. Gross Premium Income Growth: 14% (Q5 2023 vs Q5 2022)
2. Combined Ratio: 84.6% (Q5 2023) vs 87.3% (Q5 2022)
3. Return on Equity (ROE): 18.6% (Q5 2023) vs 15.6% (Q5 2022)
4. Return on Assets (ROA): 7.8% (Q5 2023) vs 6.8% (Q5 2022)


5. Segmental Analysis

1. Life Assurance: ₦2.45 billion (Q5 2023) vs ₦2.14 billion (Q5 2022), up 14%
2. General Business: ₦4.00 billion (Q5 2023) vs ₦3.50 billion (Q5 2022), up 14%


6. Investment Portfolio

1. Fixed Income Securities: ₦14.2 billion (Q5 2023) vs ₦12.6 billion (Q5 2022), up 13%
2. Equity Investments: ₦4.5 billion (Q5 2023) vs ₦4.1 billion (Q5 2022), up 10%


7. Operational Efficiency

1. Expense Ratio: 34.5% (Q5 2023) vs 36.2% (Q5 2022)
2. Employee Benefits Expense: ₦1.23 billion (Q5 2023) vs ₦1.14 billion (Q5 2022)


8. Regulatory Compliance

1. National Insurance Commission (NAICOM) Guidelines
2. Nigerian Stock Exchange (NSE) Listing Requirements


9. Conclusion

LASACO Assurance Plc. demonstrated strong financial performance in Q5 2023, driven by growth in premium income and investment income.


10. Recommendations

1. Investors: Consider LASACO Assurance Plc. for its growth potential and strong financial performance.
2. Policyholders: Reassured by the company's financial stability and growth.

yMcy56:
Lol. Things hard. 😁

They made profit nah
Let's wait and see if they'll have change of heart.

The market will likely react by beating down their price, at least initially.

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/42185_LASACO_ASSURANCE_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2024.pdf

LASACO declared zero kobo as dividend...
No wonder shame no let them publish the result since.

Streetinvestor2:
Do you have info on IE.Does the #1.60 payoff still stand. I am surprised seeing offer above that price.
So surprised lasaco could allow the hammer to fall on it.This is a company that was rubbing shoulder with nem.I still have thr old annual results in big booklets and CD plates

Will LASACO ever return back to the stock market?

yMcy56:
It's N70
Its there in the scheme of arrangement document

https://doclib.ngxgroup.com/Financial_NewsDocs/FMN_-_PRESS_RELEASE_ON_SCHEME_OF_ARRANGEMENT.pdf


Meanwhile, I think anyone with Honeywell should still hold....
FLOURMILL has around 76.75% in Honeywell
We see how the new owner eventually handles Honeywell situation....
Possibly a share for share conversion ratio.
This is just my opinion.

Will Flourmill hit N66.55 tomorrow, or will the FOMO fizzle out?

FIDSON:

Buy more, Hold on, or Sell off?

pretydiva:
🤔🤔

how have you been?