₦airaland Forum

*Have you noticed that Men of God who do miracles, have done almost all the miracles done by our Lord Jesus Christ, including healing the sick, curing the blind, curing the deaf, casting out demons, and even raising the dead. But they deliberately avoid the miracle of Walking on top water, Turning water into wine, and Feeding of 5,000 people with only 5 loaves of bread and 2 fishes. Abi those ones no follow for Miracles?*🤔


If I Offend You, Tell Me ooo. 😁😁😁🏃🏃🏃

*I have seen parents name their child, "Choice", but I have never seen any parents name their child, "Consequence", or do we all prefer to talk about our Choice, and forget that for every Choice, there is a Consequence?* 🤔

*Eunisell Interlinked Plc — H1 2026 (Unaudited) — Strong half*

Small-cap doing big numbers.

*Key Metrics (June 2026 vs June 2025):*
- *Revenue:* N1.83bn vs N1.41bn *+30.24%*
- *PBT:* N353.9m vs N235.8m *+50.06%*
- *PAT:* N353.9m vs N190.4m *+85.80%* — no tax charge recorded in 2026 period
- *Total Assets:* N1.47bn vs N929m *+58.28%*
- *Total Equity:* N840m vs N486m *+72.77%*

*Breakdown:*

- *Revenue:* Oil & Gas is the engine — N1.59bn vs N1.16bn last year. Power products also up to N115.46m.
- *Profitability:* Gross profit +36% to N652.95m. Big kicker is finance cost down 75% to N10.62m — that alone added ~N30m back to bottom line.
- *Balance Sheet:* Equity almost doubled on retained earnings surge — N135.5m to N489.4m. But watch receivables: Trade receivables & prepayments jumped to N875.34m — that's ∼60% of total assets tied up in receivables. Classic for oil services.
- *Efficiency:* PAT grew faster than PBT because no tax provision this period vs last year. When tax normalizes, PAT growth will cool.

*Read:* Real growth, not just inflation. Top-line +30%, PBT +50% means margin expansion. If they can collect those receivables and keep finance cost low, H2 should stay strong.

*GTCO H1 2026 — Audited Results*

Stable half, growth has flattened after the huge FX-driven 2023/2024 boom.

*Headline:*
- *PBT:* N603.03bn in H1 2026 vs N600.90bn in H1 2025 — *+0.35%* basically flat
- *Total Assets:* N18.62trn vs N17.76trn — *+4.81%*
- *Total Equity:* N3.31trn vs N3.41trn — *-2.82%*

*What drove it:*

- *Profitability:* Stability, not growth. Corporate banking still the main engine.
- *Balance Sheet:* Asset growth came from investment securities, not aggressive loan expansion.
- *Efficiency:* Personnel cost up moderately to N56.97bn, total Opex at N223.08bn — cost control holding.
- *Equity dip:* -2.82% suggests dividend payout / fair value movements eating into retained earnings despite profit.

*Read:* GTCO is in a normalization phase. The big PBT jumps are over, now it's about defending margins, growing assets conservatively, and managing costs. Flat PBT on bigger assets = return on assets slightly compressed.

If H2 follows same trend, full-year PBT should be around N1.2trn again, similar to 2025.

*United Capital Plc — Change of Business Address*

*Company:* United Capital Plc | RC 444999
*Date of Notice:* 28 September 2026
*Notified by:* Leo Okafor — Company Secretary

*Old Address:*
3rd - 5th Floor, Afriland Towers
97/105 Broad Street, Lagos, Nigeria

*New Address:*
*57 Marina Road, Lagos Island, Lagos, Nigeria*

Tel: 01-4631130, 07000INVEST
Email: info@unitedcapitalplcgroup.com

*Directors:* Uche Ike (Chairman), Peter Ashade (Group CEO), Sunny Anene (Deputy Group CEO), Ayodeji Adigun (ED/COO), Dipo Fatokun, Leke Ogunlewe, Sam Nwanze, Chiugo Ndubisi, Rose Eshiett

This is for NGX and public information — all official correspondence should now go to the Marina Road address.

Mandem05:
Not true. people have preferences. Those that like porn dey dia lane and visa visa.

Ok o

*Regency Alliance Insurance Plc - Private Placement Listing*

*Bulletin:* NGXREG/IRD/MB109/26/9/28
*Listing Date:* Today, Monday *28 September 2026*

*What the company did:*
Private Placement of *7,368,421,052 shares* of 50 kobo each at *95 kobo per share*.

Target raise at full placement: 7,368,421,052 x N0.95 = *N7 billion*.

*What was listed today:*
Only *3,684,210,525 shares* were listed — exactly *50%* of the placement.

Amount raised for this tranche: 3,684,210,525 x N0.95 = *N3.5 billion*.

*New share capital:*
Old issued: 18,679,385,062
New total: *22,363,595,587 shares*

*Interpretation:*

1. This is a *Private Placement*, not a Rights Issue — meaning it was sold to select investors/institutions, not all existing shareholders.
2. Only half was listed today. The remaining 3,684,210,527 shares from the same placement are likely still awaiting regulatory clearance and will be listed later in another tranche.
3. This is part of the insurance recapitalization rush — Regency Alliance needs to boost capital base to meet NAICOM requirements.
4. Impact: At 95 kobo, it's at a discount to market price. Existing shareholders who were not part of the placement have been diluted by ∼19.7% increase in shares outstanding.

Current Market Price is N0.72

If the full N7bn placement eventually lists, total shares will become *26,047,806,114*.

Zenith Bank Plc is highly likely to pay an interim dividend in 2026, as the payment has already been approved by its Board of Directors.

Broad Street financial analysts and banking sector projections estimate that Zenith Bank Plc is likely to pay an interim dividend between ₦1.25 and ₦2.00 per share for the first half of 2026.

United Bank for Africa Plc (UBA) is highly likely to pay an interim dividend in 2026.

Broad Street market analysts and banking sector projections estimate that UBA is likely to pay an interim dividend between ₦1.00 and ₦2.00 per share for the first half of 2026.

Aradel Holdings Plc is highly likely to pay an interim dividend in 2026. Historically, the energy giant declares its half-year interim dividend later in the fourth quarter (around October or November) alongside its 9-month (9M) financial results, rather than immediately with the H1 release.

Market analysts project that Aradel Holdings Plc is likely to pay an interim dividend between ₦10.00 and ₦15.00 per share for the 2026 financial period.

AccessCorp Plc Board met *August 27, 2026* and approved the H1 2026 audited accounts, but publication is pending *CBN approval*. They are in closed period till 24hrs after release.

- Management already flagged on the *May 5, 2026 earnings call* that H1 2026 interim may be skipped.

*Why no dividend:*

*BOFIA Section 19((c)* — Banks cannot invest more than *10% of shareholders' funds* in foreign banking subsidiaries.

Access Holdings current exposure is *∼19.3%, almost double the limit*.

GMD/CEO Innocent Ike said on the call that dividends were recommended for H1 2025 and Full Year 2025 but regulatory approvals were not obtained due to "specific regulatory alignment matters". For H1 2025 it was CBN Holding Company guideline 7.1 (later fixed with N40bn private placement), but for FY2025 a new flag came up — this foreign limit.

They now have a *12-month window to remediate* via capital optimisation and balance sheet restructuring.

AccessCorp is profitable (N272bn PBT in Q1 2026 alone) but *profitable does not equal distributable* if CBN blocks it.

So for income investors in 2026: *AccessCorp = dividend uncertain* until that 19.3% is brought below 10%.

That feeling is real — first time working with a difficult boss is frustrating, especially when you came in with good ideas and energy. But you need to separate two things here: your boss's _management style_ from her _gender_.

What you described is not a "female boss" problem. It's a classic *control-freak founder / new boss vs new hire* problem. It happens with men too, almost word for word.

Let's break down what you wrote:

*1. "She felt she was not in control of my person"*
You were hired while she was away. You already had proposals to restructure the company within one month. To you, that's initiative. To a boss who is insecure about her position and wasn't part of your hiring, that looks like "this new person wants to take over my company." She doesn't know you from Adam, like you said.

That is why she is rebuffing you. It's not laziness, it's territorial.

*2. "All support was non-existent... marketing is a cost centre"*
You are 100% right that marketing spends money before sales comes in. But if after 2 months there are proposals but no sales yet, and you are the Marketing AND Business Development Manager, she will ask: where is the business development part?

That is the only metric she has to judge you by. Copying HR is annoying, but in most companies that's just how they build a paper trail, not victimization.

*3. Your 4 conclusions about women bosses*
With respect, this is where you are hurting yourself. If you walk around with the filter that "women bosses are arrogant, lazy, insecure" — she will feel it, HR will feel it, and you will never gel. You said yourself this is your first female boss, so you don't have enough data to conclude that. You have data on ONE difficult boss.

If she were a man with the same character, what would you call it? A difficult boss. Keep it there.

Honest advice from people who have been there:

*1. Stop trying to restructure the company in month 1.* You haven't earned the trust yet. First 3 months is not for restructuring, it's for learning her system and delivering one small, visible win that she can claim. Ask her: "What would a good first 90 days look like to you?" Then do that.

*2. Manage up.* Control freaks need to feel in control. Instead of sending final proposals, send drafts: "Ma, I have an idea for X, I wanted your input before I finalize." Let her edit it. It feels like licking ass, but it's not — it's giving her ownership. That is how you get budget and support.

*3. Document everything.* If sales is not happening because you have no support, no budget, no team — write it down professionally. Not as a complaint. Example: "For Proposal A to close, we need X, Y. Request sent on. Awaiting approval." When HR is copied, reply professionally with facts, not emotion. That paper will protect you.[date]

*4. Separate marketing from sales reporting.* Give her a weekly update: This week: Marketing activities - 5 meetings, 2 proposals. Business Development - Pipeline value - NXX, Expected close date. Challenges - Still waiting for price list approval. That removes the "he's not bringing money" story.

*5. Don't quit in 2 months.* If you leave now, your CV will read 2 months as Marketing & BD Manager with zero sales. That hurts you more than her. Give it at least 6 months, learn how to work with difficult people — that skill will follow you everywhere.

If after doing all this for 3-4 months and there is still deliberate sabotage, then quietly start looking elsewhere. But leave because of a bad manager, not because of a "female boss."

Thank you for the lecture, but let's be honest about what you just said.

Nobody said children have one parent. The point is children have a need, and that need is constant care in their formative years. Saying "let the man stay at home then" is not a gotcha — many men _would_ and _should_ if the family decides that way. The question is whether _someone_ responsible is home, not who. Pretending that a daycare worker or a nanny is the same as a parent is where society starts to fail.

You talk about building a society where everyone pursues ambition according to choice. I agree. But choices have consequences, and a society also has to talk about those consequences. We cannot build a strong society by pretending children are just a lifestyle accessory you fit around a career. Family is not just a personal choice, it is the foundation of the society you want government to serve. If family fails, government ends up raising the children, and we all see how well that is working.

You said intelligence is not gendered. True. No one is debating IQ. We are debating roles, responsibilities and biology. Competence is individual, but reproduction is not. Only women give birth, only women breastfeed, and those early years create a natural asymmetry that no slogan will erase. Acknowledging that is not oppression, it is reality.

And about government — government is not genderless in the way you think. Government does not exist in abstract equality. It exists to ensure the survival and continuity of its people. That means it has a legitimate interest in marriage, birth rates, and how children are raised. Every serious government in history has understood this. That is why it gives maternity leave, child support, tax benefits for families. It is not forcing anyone to marry. It is simply not going to pretend that being unmarried and childless contributes the same to the future as raising the next generation.

You call marriage community service and then say it must be voluntary. Everything important in a society is voluntary, but we still honor it and encourage it. We encourage people to work, to pay taxes, to serve. We don't say "don't expect government to promote work because work is voluntary." We promote what keeps society alive.

No one is saying a woman's life must begin and end with reproduction. But saying it should have nothing to do with reproduction is equally extreme. Freedom is not just the freedom to choose yourself. Freedom also includes the freedom to accept duty, to build a home, and to understand that some of the most important work is done inside that home — whether by the mother or the father.

If your vision of freedom is a society where no one feels any obligation to family or children, that is not freedom. That is just individualism that leaves children to raise themselves.

faoogoke:
Be willing to buy Oando shares

OandO always sound like wedding invitation card. OandO, OwedO

yMcy56:
Lol.
Another stronger word than "nuisance" is appropriate.
Let people just find a way of ignoring his childishness..... depression is real.
I won't be fooled by all those big big names he's calling himself, anybody can refer to him/herself as anything, na online we dey.

To fall in love with you dey hungry me shaa

Is Regency Alliance Insurance Plc heading to Full Bid?

The ongoing Deriko case, is a perfect example of how Twitter cruise can enter real prison.

Let's break it down without the emotions:

*What he legally did wrong:*
Under Nigeria's Cybercrimes Act 2015 (as amended 2024), what he tweeted falls under cyberstalking or false information that can cause breakdown of law and order or damage reputation. Section 24. It's not treated as just "trolling" anymore. Once you attach a real, respected person's name to a sexual allegation you cannot prove, especially someone like Tony Elumelu's wife who is not a public entertainer, it moves from banter to criminal defamation.

That's why police could arrest, arraign, and get a remand at Ikoyi. The law allows it.

*Why the family videos may not help:*
Tagging Tony Elumelu daily with Day 1, Day 2, Day 3, Day 4 of apology is actually bad strategy. To a billionaire, it looks like emotional blackmail on the timeline. And legally, forgiveness from Elumelu does not automatically end a criminal case - because the charge is Federal Republic of Nigeria vs Deriko, not Tony Elumelu vs Deriko. The complainant can write a letter of mercy, but the police or court still decides.

*What usually works in these 19-year-old cases:*

1. Stop the public apology thread immediately. One formal, private apology letter through a lawyer to Tony Elumelu's office, carries more weight, than 7 online apology videos.
2. Get a lawyer focused on bail variation and plea bargain, not just begging. His final exams which he is going to write in the university, is a strong ground for bail, not for acquittal.
3. Show remorse + take down + undertaking not to repeat. Courts in Nigeria have been lenient when the offender is young, first time, and the tweet was deleted.
4. Family should reach out to the nominal complainant's legal team privately, not via Twitter.

The painful truth: He, Deriko, a 19 years old undergraduate student, used AI images to deceive people that he was a wealthy older man based abroad. He already built a pattern of impersonation. Then he used that same platform to defame a family, as prominent as that of Billionaire Tony Elumelu. At 19 years, he thought the consequences was going to be highest only online "dragging". Now he is chewing half-cooked beans in Ikoyi prison.

If Tony Elumelu shows mercy, it will be out of compassion, not because he is obligated to. A 19-year-old with 8 siblings missing final examinations, over one tweet, is exactly the kind of story that needs one adult to say "let him go and warn him seriously."

But that mercy has to be sought properly, not through daily Twitter tags.

If his family likes, let them foolishly go ahead today and do a Day 5 online apology video to Tony Elumelu. Then they may have to continue till Day 100.

If you marry a Single Mother, you will sooner rather than later, realize why she became a single mother, in the first place.

How?

*If people avoid your calls, it's either because you Beg too much, or because you Advice too much.*🤔

Any person who lacks proper Communication skills, will likely remain bitter, throughout his or her miserable life. 🤔

johnok:
As of Friday, ETI enjoyed an unusual volume spike. It is also 41.23% undervalued. Conclusion:A good candidate for Jump IN Jump Out JIJO

Until someone eventually moves from JIJO to JIGS.

If you marry a partner who does not watch porn, once in a while, you will have a sexually-boring marriage.

If you marry a partner who does not watch porn, once in a while, you will have a sexually-boring marriage.

If you marry a partner who does not watch porn, once in a while, you will have a sexually-boring marriage.

If you marry a partner who does not watch porn, once in a while, you will have a sexually-boring marriage.

If you marry a partner who does not watch porn, once in a while, you will have a sexually-boring marriage.

If you marry a partner who does not watch porn, once in a while, you will have a sexually-boring marriage.

If you marry a partner who does not watch porn, once in a while, you will have a sexually-boring marriage.