₦airaland Forum

Mr. Segun Oloketuyi has been appointed as the new Chairman of the Board of Directors for Chams Holding Company Plc. His appointment will officially take effect on 9th July 2026.
Mr. Oloketuyi succeeds the company's founder, Sir Demola Aladekomo, who is retiring after leading the organization for 40 years. Prior to this elevation, Mr. Oloketuyi already contributed to the company’s governance framework as a Non-Executive Director.
Professional Profile of the New Chairman
According to the official regulatory disclosure published via the Nigerian Exchange Group (NGX) Document Library, Mr. Oloketuyi brings an extensive background in financial services, enterprise risk management, and corporate governance:
• Executive Banking Roles: He is the former Managing Director and Chief Executive Officer of Wema Bank Plc. He also held executive positions at Skye Bank Plc and Polaris Bank (previously Prudent Bank Plc).
• Other Board Leadership: He serves as the Chairman of the Board for Japaul Gold and Ventures Plc and Greenwich Merchant Bank. He is also the former Chairman of Great Nigeria Insurance Plc.
• Professional Memberships: He holds a B.Sc. and an MBA. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of the Institute of Directors.

zenithgroup:
she was smarter, she was in for ur resources and attention plus living rent free in ur mind and she succeed. While your only request was denied.

This is the worst thing that can ever happen to any guy.

keemsleek:
Lol the same government that's funding the life styles of actress and others. Is that not hook up?

Smiles

You laid out a pretty strong personal take on why “hookup culture” feels more common now, plus who you think it hurts and how to change it.

Here’s a broader, research-based view of the factors people usually point to, without taking a side:

*What research and sociologists typically cite as drivers of hookup culture*
1. *Economic + social shifts*: Later marriage age, more people in college/work in their 20s, and urban living make long-term commitment less typical in that life stage. Both men and women in many countries now marry in their late 20s/30s vs early 20s a generation ago.
2. *Technology*: Dating apps and social media lower the friction to meet people casually and expand partner choice beyond immediate communities.
3. *Changing gender roles & economic independence*: More women with degrees, careers, and independent income changes the financial calculus of marriage for both genders. At the same time, attitudes toward sex outside marriage have shifted across many societies over the last 50+ years.
4. *Legal/family-structure factors*: Divorce is more socially and legally accessible than in the past in many jurisdictions. Family law varies a lot by country. In the U.S., most states use “equitable distribution” or “community property” rules that aim to divide marital assets, and custody/child support is based on the child’s best interest, not gender. Alimony and asset splits can apply to either spouse depending on income, marriage length, and conduct, though specifics differ by state/country.
5. *Cultural/media norms*: Media, peer groups, and changing norms around relationships and sexuality influence what’s seen as typical or acceptable.

*Who it impacts*
Researchers don’t find a single group that’s “hurt most” for everyone. Studies show mixed outcomes:
- *Adults*: Some report positive experiences with casual relationships; others report regret, loneliness, or mismatched expectations. Outcomes often depend on communication, expectations, and support networks.
- *Children*: Most developmental research indicates kids tend to do best on average in stable, low-conflict two-parent homes, but stability and caregiving quality matter more than family structure alone. Single-parent, cohabiting, and blended families can also raise well-adjusted kids when conflict is low and resources are adequate.

*Perspectives on “reversing” the trend*
People who want more marriage/commitment often suggest:
1. *Relationship norms*: Communities, families, and peers emphasizing commitment, fidelity, and long-term planning.
2. *Economic/legal factors*: Changes to tax, housing, childcare, or family-law incentives that affect marriage decisions. Because laws differ by country, anyone concerned should look at the specific statutes where they live and talk to a family-law professional.
3. *Education & expectations*: Clearer communication about relationship goals, consent, and sexual health.

Your proposed approach centers on social pressure/shame. Social-science work generally finds that stigma can reduce certain behaviors short-term, but it can also increase secrecy, reduce help-seeking, and create backlash. Many public-health and relationship researchers instead emphasize norms around respect, self-determination, and healthy relationship skills rather than shaming.

*A couple of notes on the claims in your message:*
- Divorce initiation stats: In the U.S., women do file ∼65-70% of divorces in heterosexual marriages, but the “85%” figure and “half of everything regardless of fault” is not accurate for all jurisdictions. Asset division and spousal support depend on local law, length of marriage, earnings, and other factors.
- “Women can’t hook up after 35-40”: That’s not supported by data. Dating and relationship patterns vary widely by individual, culture, income, and preference. Attractiveness, partnership, and fertility are not limited to one age band for everyone.

No solution.

No solution.

How possible?

How possible?

You’re bringing up something that makes a lot of people uncomfortable, but it’s real: abuse of kids + domestic helps behind closed doors.

On the idea itself:
Your logic is “silence = complicity”. And legally, that concept already exists in Nigeria and many countries. It’s called “failure to report” or “aiding/omission”. If an adult in the house knew abuse was happening, saw injuries, heard cries, and did nothing to stop it or report it, the law can hold them responsible. Police/NSCDC don’t just ask “who hit the child?” They ask “who else was in the house and what did they do?”

Where it gets tricky:
1. “I didn’t know” defense - Hard to prove. If the abuse happened when he was at work/traveling, investigators have to check timelines, call logs, CCTV, neighbor statements, medical records. The law tries to separate “genuinely unaware” from “chose not to see”.
2. Equal responsibility for all crimes? - Most legal systems don’t make husbands automatically guilty for wives’ crimes. Responsibility is tied to knowledge + action. But if he encouraged it, supplied the hot water/wax, locked doors, threatened the victim to keep quiet... then yes, he’s a co-offender, not just “the husband”.

The bigger point you’re making:
A home should be safe. And you’re right — abuse rarely happens in 1 minute with zero signs. Bruises, burns, fear, weight loss, a child flinching when adults move... someone notices. That’s why Child Rights Act 2003 + Violence Against Persons Prohibition Act 2015 both punish people who know and fail to report.

So “arrest every husband” is too broad. But “investigate every responsible adult in the home” is already how serious cases are handled. If evidence shows he knew/allowed it, he faces the law with her.

It’s a tough topic because it touches marriage, trust, and “what goes on in the house”. But vulnerable people can’t speak for themselves.

For the six months ended 30th September 2025, Thomas Wyatt Nigeria Plc recorded a gross profit of ₦5,310,000 for both the Group and the Company. This marks an improvement from the gross loss of ₦14,197,000 recorded during the same six-month period in 2024.
Core Gross Profit Components
The table below breaks down the revenue metrics and operational costs that determined the final gross profit figure:
Item Six Months to Sept. 2025 (₦'000) Six Months to Sept. 2024 (₦'000)
Total Revenue ₦75,199 ₦43,675
Cost of Sales (₦69,889) (₦57,873)
Gross Profit / (Loss) ₦5,310 (₦14,197)
Underlying Cost of Sales Breakdown
The production and manufacturing costs matching the 2025 reporting period include:
• Raw materials: ₦62,719,000
• Outsource and design: ₦3,859,000
• Factory asset depreciation: ₦3,311,000

If you are interested in Royal Exchange Assurance Plc Public Offer shares, get your cash ready to buy it at N1.30. Should we expect the similar type of Price Rally that happened during the Public Offer period of IEI Insurance Plc? We watch and wait...

If you are interested in Regency Alliance Insurance Plc Rights shares, buy it now at 95 Kobo, before it is too late...

UnlimitedNG:
Some are just sex starved...if you know you know.

This comes as very surprising.

Stop Testing people with nonsense. Everyone won't like what you like.

SonofElElyonRet:
how full is the bid?

Up NEPA type of Full Bid.

megawealth01:

Mega, how you see this their Run of Play, Light at the end of the Tunnel, or M.A.A.N.?

CMFC Plc, formerly Deap Capital Plc, now on Full Bid...

Nollywood. No guns pointed, yet he no run leave that motor?

It was done by their Muslim brothers.

FCMB Group Plc has projected a profit after tax of ₦79.63 billion for the third quarter ending September 30, 2026. According to the group's official earnings and cash flow forecast filed with the Nigerian Exchange Limited (NGX), the financial services institution expects to sustain its strong operational momentum.
Q3 2026 Projected Income Statement Breakdown
All figures are estimated in thousands of Naira (₦'000):
• Gross Earnings: Forecasted at ₦339.32 billion.
• Interest Income Framework: Projected at ₦294.98 billion, offset by an estimated ₦131.60 billion in interest expenses, leaving a Net Interest Income of ₦163.38 billion.
• Non-Interest Revenue Streams: Driven by Transaction Commissions of ₦30.54 billion, Securities Trading at ₦7.54 billion, Foreign Exchange Earnings of ₦2.26 billion, and Contingent Income of ₦1.93 billion.
• Loan Losses / Writebacks: Management has budgeted a provisions safety net of ₦12.60 billion.
• Operational Overhead: Total operating expenses are capped at ₦96.96 billion.
• Profit Before Taxation: Positioned to hit ₦98.16 billion.
• Taxation Expense: Forecasted at ₦18.53 billion, leading to the net Profit After Tax of ₦79.63 billion.
Q3 2026 Statement of Cash Flow Projections
The group highlights that since preceding calendar quarters remain active, these cash flow metrics serve as directional targets:
• Operating Activities: Operating cash flow before working capital shifts is estimated at ₦116.09 billion. After accounting for ₦190.25 billion in working capital drawdowns and ₦1.36 billion in taxes, net cash from operations sits at a negative ₦75.52 billion.
• Investing Net Inflows: Projected at a robust positive ₦368.32 billion.
• Financing Outflows: Budgeted at ₦48.71 billion.
• Liquidity Pool Accumulation: The net estimated quarterly cash increase of ₦244.09 billion will lift FCMB's opening cash position of ₦677.49 billion to a closing cash balance of ₦921.58 billion by September 30, 2026.
Corporate Profile & Domicile
• Headquarters: 44 Marina, Lagos, Nigeria.
• Leadership Profile: Operates under the executive oversight of Group Chief Executive Ladi Balogun.

MTN Nigeria Communications Plc has officially announced the vesting of corporate shares to several employees under its institutional equity compensation frameworks. According to the regulatory disclosure filed with the Nigerian Exchange on June 18, 2026, the distributions were carried out through the company’s Employee Share Ownership Plan (ESOP) and Performance Share Plan.
Disaggregated Share Vesting Records
The corporate filing identifies six distinct internal beneficiaries along with the exact units of equity released:
• Omolara Micheal-Nwadu: 99,122 units vested on March 31, 2026.
• Ayoade Adedapo: 12,403 units vested on March 31, 2026.
• Owolabi Adegoke: 12,123 units vested on March 31, 2026.
• Alao Taiwo: 2,192 units vested on March 30, 2026.
• Bukola Ogunjana: 2,192 units vested on March 30, 2026.
• Kenneth Egwutu: 1,097 units vested on March 30, 2026.
Technical Nature of the Action
• Non-Market Execution: Management explicitly notes that the vesting mechanism constitutes an internal employment contract obligation.
• No Open-Market Impact: This transaction is not an open secondary market purchase or an active insider sale of shares.
Corporate Governance Overview
• Legal Sign-Off: The document was formally released and certified by the Company Secretary, Uto Ukpanah (FCIS).
• Executive Presence: MTN Nigeria is currently led on an operational level by Chief Executive Officer Dr. Karl Olutokun Toriola and Chief Financial Officer Modupe Kadri.
• Board Supervision: The broad strategic direction is supervised by Board Chairman Dr. Ernest Ndukwe (OFR).

Cornerstone Insurance Plc has announced a proposed final dividend of ₦0.28 kobo per ordinary share of ₦0.50 kobo for the financial year ended December 31, 2025.
Important Corporate Action Dates
• Qualification Date: Thursday, July 2, 2026. Shareholders must be on the company's register by this date to receive the payout.
• Closure of Register: Friday, July 3, 2026, to Monday, July 6, 2026 (both days inclusive).
• Annual General Meeting (AGM): Monday, July 20, 2026, at 12:00 PM at Shell Hall, MUSON Centre, Onikan, Lagos.
• Payment Date: Monday, July 20, 2026. Dividends will be paid electronically into the bank accounts of mandated shareholders.
E-Dividend Setup & Unclaimed Dividends
• Registration Portals: Unregistered shareholders can complete their mandate via the NIBSS EDMMS self-service portal or through the corporate website.
• Registrar Contact: Alternatively, physical forms can be submitted to Lighthouse Registrars Limited on the 2nd Floor, 39 Adeola Odeku Street, Victoria Island, Lagos.
• Tracking Missing Payouts: Shareholders with outstanding warrants or uncredited electronic shares can check their status using the Cornerstone Unclaimed Dividend Link.
Corporate Identification & Leadership
• Corporate Office: 21, Water Corporation Drive, Off Ligali Ayorinde, Victoria Island, Lagos.
• Key Executives: The insurer is piloted by Group Managing Director/CEO Stephen Alangbo.
• Secretariat Support: Legal compliance filings are handled by PAC Solicitors.

Aradel Holdings Plc reported a consolidated revenue of ₦728.52 billion ($526.45 million) for the first quarter ended March 31, 2026. This represents a 264.5% year-on-year revenue increase compared to the ₦199.87 billion generated in Q1 2025, primarily driven by the full operational consolidation of ND Western Limited.
Core Profitability Metrics
• Gross Profit: Rose dramatically to ₦256.28 billion ($185.19 million) from ₦78.89 billion in Q1 2025.
• Operating Profit: Surged to ₦372.92 billion ($269.48 million), bolstered by an overlift income of ₦125.18 billion under other operating income lines.
• Profit Before Taxation: Reached ₦283.84 billion ($205.11 million), growing 322.5% year-on-year.
• Profit After Taxation: Settled at ₦120.29 billion ($86.92 million) after factoring in a tax expense of ₦163.55 billion ($118.18 million).
• Earnings Per Share (EPS): Basic and diluted EPS doubled to ₦15.24 per share ($0.011) compared to ₦7.77 per share in the prior year's corresponding quarter.
Segment Performance & Revenue Breakdown
The group's operational performance was disaggregated across its three primary fossil energy production streams:
• Crude Oil: Contributed ₦484.60 billion ($350.18 million), making up 66.5% of total group revenues.
• Gas Operations: Contributed ₦187.92 billion ($135.80 million).
• Refined Products: Contributed ₦56.00 billion ($40.47 million) via its localized refining infrastructure.
• Geographical Mix: ₦484.60 billion was generated from international export markets (all crude oil), while ₦243.92 billion was achieved from downstream sales within Nigeria.
Balance Sheet & Liquidity Strength
• Total Assets: Stood at ₦9.06 trillion ($6.65 billion) as of March 31, 2026, down slightly from ₦9.90 trillion at FYE 2025 due to foreign currency translation effects.
• Cash Position: Robust cash and cash equivalents grew to ₦1.60 trillion ($1.15 billion), indicating high operational liquidity.
• Total Borrowings: Decreased to ₦1.78 trillion ($1.28 billion) from ₦2.00 trillion at the close of 2025, following ₦156.53 billion in principal debt repayments during the quarter.
Corporate Governance Actions
• PPA Provisional Allocations: The group notes that its balance sheet contains ₦1.37 trillion ($989.37 million) in current contingent considerations stemming from the late 2025 corporate acquisitions of ND Western and Renaissance Africa Energy. Valuation audits remain open under standard IFRS 3 parameters.
• Sign-Off Authority: The unaudited filings were approved by the board on June 19, 2026, bearing signatures from Chairman Osten Olorunsola, CEO Adegbite Falade, and CFO Adegbola Adesina.

C&I Leasing Plc shareholders officially approved and declared a final dividend payout of 20 kobo per ordinary share during its 35th Annual General Meeting (AGM) held on June 15, 2026.
Dividend & Qualification Breakdown
• Approved Payout: 20 kobo per ordinary share of 50k each (representing a 100% year-on-year increase from the 10 kobo paid last year).
• Qualification Date: Shareholders must have been registered in the company's Register of Members by the close of business on June 1, 2026.
• Register Closure: The Register of Members remained officially closed from June 2 to June 5, 2026, to update shareholder information.
• Payment Date: The electronic disbursement of dividends commenced on Monday, June 15, 2026, for all qualified shareholders with complete e-dividend setups.
Ordinary Resolutions Passed
• Financial Endorsement: Ratification of the Audited Financial Statements for the year ended December 31, 2025, alongside accompanying board and audit reports.
• Board Re-elections: Mr. Babatunde Edun and Omotunde Alao-Olaifa were successfully re-elected as directors following standard rotational retirement.
• Audit Committee Setup: Shareholder representatives elected for the 2026 financial year include Mr. Sulaiman B. Adenrele, Mr. Fredrick Olufemi Oduyemi, and Mrs. Christie O. Vincent-Uwalaka. Board representatives will be Mr. Omotunde Alao-Olaifa and Mr. Oluyemi Peter Abaolu-Johnson.
• Auditor Fees: The board was formally authorized to fix the remuneration package for the external auditors for the 2026 financial year.
Special Business Resolutions
• Director Compensation: Approved an annual remuneration structure of ₦12,000,000 for the Chairman of the Board and ₦9,000,000 for each Non-Executive Director.
• Board Appointment Ratifications: Formally confirmed the structural appointments of Barrister Nick Onyebuchi Omeye and Mr. Chima Njoku as Non-Executive Directors.
• Related Party Mandate: Granted a general operating mandate enabling C&I Leasing Plc to continue recurrent commercial transactions of a trading or revenue nature with interested or related parties.

Chams Holding Company Plc will host its 42nd Annual General Meeting (AGM) virtually on Thursday, July 9, 2026, at 10:00 a.m. WAT.
Virtual Access Details
• Streaming Platform: The meeting is strictly virtual via the official Chams Group YouTube Channel.
• Proxy Submission: Shareholders unable to stream live can submit proxy mandates to First Registrars Nigeria up to 48 hours prior to the event.
Key Corporate Agenda Items
• Dividend Ratification: Directors have proposed a final dividend payout of ₦0.03 per share (totaling ₦270 million) for the 2025 financial year.
• Financial Review: Presentation of the Audited Financial Statements for the year ended December 31, 2025.
• Board Adjustments: Re-election of board directors and electing fresh members to the Statutory Audit Committee.
Timeline and Eligibility Check
• Qualification Cutoff: Only shareholders listed in the corporate register as of Thursday, June 18, 2026, qualify for the ₦0.03 payout.
• Register Freeze: The Share Register remains officially closed from June 19 to June 26, 2026, for verification.
• Electronic Payment: Approved dividend tranches will be paid out directly to linked bank accounts via E-dividend on Friday, July 10, 2026.
Board Structure & Leadership Present
• Chairman: Sir Demola Aladekomo
• Group Managing Director: Mrs. Mayowa Olaniyan
• Company Secretary: Oluwaseun Osuji

Royal Exchange Plc has issued an official notice convening an Extraordinary General Meeting (EGM) scheduled for July 15 2026.
Key Meeting Details
• Event: Extraordinary General Meeting (EGM)
• Company: Royal Exchange Plc (NGX Ticker: ROYALEX)
• Host Platform: Nigerian Exchange Limited (NGX) Document Library.
Expected Statutory Agenda Items
• Capital Restructuring: Deliberating on authorized share capital changes or equity raises.
• Regulatory Compliance: Reviewing operational updates in line with SEC and NGX guidelines.
• Strategic Expansion: Seeking shareholder approvals for new digital asset management or retail insurance growth pipelines.
If you would like, I can provide a breakdown of the company's latest Q1 earnings metrics, details on their current board of directors, or historical stock performance on the NGX.