₦airaland Forum

He was not raised in Nigeria if he was he most likely wont turn out this way.

That the downside of raising children abroad.

I pray God answer his fathers prayers.

I observed the same too.

NGX has a lot of enlightenment to do about trading in bonds. The only emphasis on the exchange is about stocks.

I wanted to sell mine years back it was a no show.

Your broker is supposed to grant you access to it's trading portal.
Ask.

WhizdomXX:
Thank you Sir. Noted. A follow-up question, is there any site that you can use to schedule orders on the stock exchange like we do with our emails?

There has always been low power generation.
Its not news!

From my experience, I place my orders when market opens at 9am. Any order before that time won't fly. It happened to me a number of times.
Market opens formally at 9:30am but informally 9am. Orders placed from 9am get fill and not from 12 mid night.
This is my personal experience.

WhizdomXX:
Good afternoon bosses and senior colleagues. Please help me understand this. I placed a good for the day order for cwg @ 15.76 yesterday night around 9pm against today as I will be occupied on Chapel hill denham's invest naija platform and it was not filled today despite price reaching that level. Instead it is showing expired. Is it possible my order was never sent to the market? And if so, why was it allowed to be placed in the first place?
Agbalowomeri mikeapollo ghm Streetinvestor02 megawealth01

He should go and work with Mason for a days job carrying sand and blocks. He will sleep like a baby.

Hemanwel:
Good day, Nairalanders!

What can he do? He hasn't been able to sleep for the past 6 days. She said he no longer feels sleepy at nights. Even after taking sleeping pills, it worked only once and hasn't worked again. What could be the cause? What else can he do? He said he never took Energy drinks nor any caffeinated drinks.

Kindly help!

This is November. Elections are due in January. The court system wont help matters. Appeal court and supreme court hurdle will take time.

SonofElElyonRet:
The judgement will be set aside

This one is serious! God help Nigeria

SonofElElyonRet:
Let him be deceiving himself.

Meanwhile...
Breaking: Court sacks Mark-led ADC Exco, voids Atiku’s candidacy
Source: Vanguard

OKOMU and PRESCO shareholders should note that dividend payment either high or low depends not only on demand and supply or the export volume but also on the exchange rate. These companies are printing money because of the devaluation of the naira. As the naira gains strength returns for shareholders too will dwindle.

hopeful95:
Palm oil prices to remain elevated into 2027

By Dhaanieyaa Lekham
October 27, 2026 @ 3:49am

Crude palm oil (CPO) prices are expected to remain elevated into 2027 as rising Indonesian biodiesel demand and potential production disruptions linked to El Nino tighten supply. NSTP/DANIAL SAAD

Crude palm oil (CPO) prices are expected to remain elevated into 2027 as rising Indonesian biodiesel demand and potential production disruptions linked to El Nino tighten supply. NSTP/DANIAL SAAD


KUALA LUMPUR: C[b]rude palm oil (CPO) prices are expected to remain elevated into 2027 as rising Indonesian biodiesel demand and potential production disruptions linked to El Nino tighten supply.
[/b]
Hong Leong Investment Bank (HLIB) maintained its average CPO price forecasts at RM4,450 per tonne for 2026 and RM4,500 per tonne for 2027, citing a tightening supply-demand balance.

The research firm also retained its "Overweight" rating on the plantation sector, favouring companies with greater exposure to Malaysia.

HLIB named Hap Seng Plantations Holdings Bhd and IOI Corp Bhd as its top picks, retaining "Buy" calls with target prices of RM2.81 and RM5.16 respectively.

It expects plantation companies under its coverage to report stronger earnings in the third quarter of 2026, supported by seasonally higher production and firmer palm product prices.

Earnings are expected to be broadly in line with forecasts, with stronger upstream performance and sustained downstream contributions driving quarter-on-quarter improvements.

The upcoming reporting season begins on Nov 5.

Fresh fruit bunch (FFB) production among planters under HLIB's coverage rose between six and 35.6 per cent quarter-on-quarter in the third quarter.

Malaysia-focused companies, including Hap Seng Plantations, IOI Corp and Jaya Tiasa Holdings Bhd, recorded stronger sequential production growth than their Indonesian peers.

HLIB said most planters benefited from yield improvements following earlier replanting efforts.

Jaya Tiasa was an exception, with output affected by an accelerated replanting programme that reduced its harvesting area and prolonged moisture stress that weighed on yields.

On a year-on-year basis, higher FFB output and palm product prices are expected to lift upstream earnings, although rising fertiliser costs could offset some gains.

Downstream profitability is also expected to improve, supported by a narrower CPO export tax differential compared with the second quarter and stable palm kernel prices.

Proactive restocking amid geopolitical uncertainties and the upcoming implementation of the European Union Deforestation Regulation is expected to provide further support.

HLIB also maintained "Buy" calls on Genting Plantations Bhd, Kuala Lumpur Kepong Bhd, Sarawak Oil Palms Bhd and TSH Resources Bhd, with target prices of RM6.12, RM23.85, RM7.05 and RM1.43 respectively.

It retained a "Hold" call on Jaya Tiasa, with a target price of RM1.84.

Source: https://www.nst.com.my/business/economy/2026/10/1564455/palm-oil-prices-remain-elevated-2027

We plenty for queue

nosa2:
We are waiting.

That no 2.
It made me exit ucap at N3 having brought at N1.
You know very well how ucap got to N30.
I repeated the same with Ellah lakes.
I no do again.
Im into calculated greed this time.

megawealth01:
You na guru na

A Nigerian ought to be governor by now in at least in one American state especially Georgia.

Nigerian population is enough to produce a Senator or House of Rep member in Georgia State.

It is a wake up call for security agencies to stop arresting these devils.

If you engage them destroy them. Stop arresting bandits and kidnappers NIGERIA POLICE1

If there's one reason I want BAT to win the forthcoming election it is because of this.
Peter Obi or Atiku presidency may throw spanner in the works.

megawealth01:
This is one IPO I will be buying, one of the first since the 2007 market turmoil...

I have generally stayed away from IPOs over the years, but this one is an exception. I will definitely be participating from day one

NNPC IPO will likely start with 5% to 10% listing, CEO says

ABU DHABI, Nov 3 (Reuters) – Nigeria’s state oil company NNPC is likely to float a 5% to 10% stake in an initial public offering, focused primarily on the domestic market, with a potential secondary listing in London or New York, CEO Bashir Bayo Ojulari told Reuters on Tuesday.

Further listings of NNPC subsidiaries might also take place, echoing moves by the UAE’s state oil firm ADNOC, he added.

Gulf state oil companies have offered outside investors pieces of their businesses while retaining operational control and largely avoiding opening up their main oil-producing divisions.

Nigeria’s Dangote oil refinery attracted 6.4 trillion naira ($4.78 billion) of orders from retail and institutional investors during its domestic IPO, which closed last week, one person involved in the offering told Reuters.

Preparations for any NNPC listing will likely take at least all of next year, with the primary objective to improve NNPC’s transparency and governance as per Nigerian law, and with raising cash only its secondary objective, he said.

Chinese interest in smaller refineries
Ojulari also said that Chinese companies had shown interest in buying stakes — rather than just contracting work — in some of Nigeria’s smaller oil refineries that need big repairs, such as Port Harcourt and Warri.


He has previously said NNPC was in talks with a Chinese engineering company to refurbish at least one of its refineries, which have not worked at full capacity for more than a decade.

NNPC would retain at least 10% in equity under any deal.

Activism na enjoyment. They are no different from politician.

Lagos, Nigeria – November 2, 2026 Group Unaudited Results for the Nine Months Ended 30 September 2026 Stronger Earnings Quality and Resilient Profit Growth Support Continued Scale-to-Value Execution Access Holdings Plc (“the Group”) today announced its unaudited results for the nine months ended 30 September 2026, delivering resilient profit growth and improved earnings quality.

Profit Before Tax increased by 8.3% to ₦667.4 billion, while Profit After Tax rose by 5.9% to ₦474.2 billion. Performance was supported by growth in core income and a significant reduction in impairment charges. Impairment charges declined by 73.5% to ₦92.9 billion, resulting in a 32.1% increase in net interest income after impairment to ₦1.20 trillion. Net fee and commission income increased by 12.4% to ₦534.9 billion, while core operating income grew by 5.4% to ₦1.83 trillion.

The results reflect continued progress under the Group’s Scale-to-Value agenda, with emphasis on stronger execution capacity, robust risk governance and regulatory compliance, disciplined capital allocation, greater operating efficiency and improved capital productivity. Together, these priorities are focused on translating the Group’s scale and diversified franchise into sustainable shareholder returns. GMD/CEO COMMENT Commenting on the results, Group Managing Director/Chief Executive Officer, Innocent C. Ike, said: “Our nine-month results reflect continued progress in translating the strength and scale of Access Holdings into sustainable shareholder returns. “The significant reduction in impairment charges, together with growth in net interest income after impairment and net fee and commission income, demonstrates the resilience of our core earnings base. “As we advance our Scale-to-Value agenda, our priorities remain clear: stronger execution capacity, robust risk governance and regulatory compliance, disciplined capital allocation, greater operating efficiency and improved capital productivity. “These disciplines are fundamental to strengthening the quality and resilience of earnings and delivering sustainable shareholder returns.” FINANCIAL HIGHLIGHTS For the nine months ended 30 September 2026: Financial Metric Gross Earnings 9M 2026 ₦4.0 trillion Year-on-Year Change Interest Income up 2.3% ₦3.1 trillion Net Interest Income (NII) up 6.9% ₦1.3 trillion Impairment Charge up 2.7% ₦92.9 billion Net Interest Income after Impairment Charge down 73.5% ₦1.2 trillion Fee and Commission Income up 32.1% ₦650.9 billion Net Fee and Commission Income up 8.4% ₦534.9 billion Core Operating Income up 12.4% ₦1.8 trillion Profit Before Tax (PBT) up 5.4% ₦667.4 billion Profit After Tax (PAT) up 8.3% ₦474.2 billion EARNINGS PERFORMANCE up 5.9% Interest income increased by 6.9% to ₦3.1 trillion. Interest expense increased by 10.1% to ₦1.8 trillion, resulting in net interest income of ₦1.3 trillion, up 2.7%. Earnings quality improved significantly during the period. Impairment charges declined by 73.5% to ₦92.9 billion, with net interest income after impairment rising by 32.1% to ₦1.2 trillion. Fee and commission income increased by 8.4% to ₦650.9 billion, while fee and commission expense declined by 6.9% to ₦115.9 billion.

As a result, net fee and commission income increased by 12.4% to ₦534.9 billion. Operating expenses increased by 11.8% to ₦1.3 trillion. Improving operating efficiency and strengthening operating leverage remain important priorities under the Scale-toValue agenda. BALANCE SHEET The Group maintained a resilient balance sheet, supported by continued customer deposit growth. 1. Total assets increased by 1.7% to ₦52.6 trillion at 30 September 2026, from ₦51.7 trillion at 31 December 2025. 2. Customer deposits increased by 6.6% to ₦36.8 trillion, while loans and advances to customers increased by 7.4% to ₦14.3 trillion. 3. Shareholders’ funds remained broadly stable at ₦4.5 trillion. Diversified Banking Franchise The Banking Group remained the principal contributor to Group earnings, accounting for 96.0% of Group unaudited Profit Before Tax during the period. Operations outside Nigeria accounted for 82.2% of Banking Group Profit Before Tax. International Banking subsidiaries contributed 43.7%, Rest of Africa 38.5%, and Nigeria 17.8%. The Group continues to leverage its geographic footprint to deepen customer relationships and increase activity across trade finance, transaction banking, payments and treasury services. The increasingly diversified earnings base provides a broader platform from which to improve earnings quality and capital productivity. Under Scale-to-Value, the focus is on converting this scale into sustainable shareholder returns through stronger execution, robust risk governance and regulatory compliance, effective capital allocation and greater operating efficiency. Scale-To-Value Scale-to-Value represents the Group’s progression from building scale to improving the quality and productivity of that scale.

The agenda is anchored on five priorities: Execution Capacity Strengthening accountability and the Group’s ability to translate strategic priorities into measurable outcomes. Risk Governance and Regulatory Compliance Maintaining robust risk and control disciplines and sustained compliance with applicable regulatory requirements across the Group. Capital Discipline Allocating capital with greater emphasis on productivity and risk-adjusted returns. Operating Efficiency Strengthening cost discipline and driving greater efficiency from the Group’s infrastructure and capabilities. Earnings Quality Deepening recurring income streams and strengthening the resilience of earnings. Together, these priorities are intended to improve capital productivity and support sustainable shareholder returns.

Progress on BOFIA Section 19((c) Compliance The Group has made significant progress towards achieving compliance with BOFIA Section 19((c), which limits the Bank's investment in subsidiaries to 10% of shareholders' funds. The Group has identified capital recalls from six banking subsidiaries which, when completed, are expected to bring the Bank's investment-in-subsidiaries ratio within the regulatory threshold. The recall process has already been completed in one subsidiary, while shareholder approvals have been obtained in four of the remaining five subsidiaries. Regulatory approvals are progressing across the five remaining subsidiaries. The Group expects to complete the programme within the CBN's prescribed compliance timeline. Its completion is expected to remove the regulatory constraint on dividend distributions. Outlook The Group remains focused on accelerating execution of its Scale-to-Value agenda. Management priorities include stronger execution capacity, robust risk governance and regulatory compliance, disciplined capital allocation, funding optimisation, greater operating efficiency and improved capital productivity.

The Group will continue to strengthen accountability for execution while maintaining disciplined risk and compliance standards across its businesses. Management will also remain focused on moderating expense growth, strengthening recurring income and improving the conversion of revenue into earnings. The objective is clear: to ensure that the Group’s scale is effectively governed, efficiently deployed and consistently translated into sustainable shareholder returns, underpinned by robust risk governance and regulatory compliance.

Its initial gragra.
By tomorrow some of the stock prices will moderate and even gain.

Megawealth001:
Interesting market.... aradel collekting
Oando colleckting
Nahco colleckting
Access self dey collekt

E go touch errybodi

Let me check the price if I can enter. Traders are probably the ones at work

InvestorHalal:
Not at all. I'm just wondering why such a great company is on full offer even festive is even around the corner.

Those buying and accumulating are dumb? Just wondering

InvestorHalal:
Nahco offloaders doing the bonanza wonders. November will be very long.

BOFIA Compliance and the Dividend Path

Section 19((c) of BOFIA limits the Bank's investment in subsidiaries to 10% of shareholders' funds. The Group has identified capital recalls from six banking subsidiaries to bring the ratio within the threshold. One recall is complete, shareholder approvals have been obtained in four of the remaining five, and regulatory approvals are progressing.



The Group expects to complete the programme within the CBN's prescribed timeline and expects completion to remove the regulatory constraint on dividend distributions, which it cited in its FY2025 dividend clarification. Any dividend will remain subject to the Group's financial position, distributable reserves and regulatory approval. Proshare has examined the sector-wide picture in its review of why some bank dividends are paused.

ghm:
That is part of what we are talking about. Anyone expecting an interim dividend from Access Bank is missing something.

There is a regulatory limitation on their head. The CBN capped foreign subsidiary investments at 10% of shareholders' funds, and Access was at 19.3%. Until that breach is fully remediated and verified by the CBN, no dividend—interim or final—is guaranteed.

Yes, Access says the issue is resolved and they've started selling down stakes in Ghana to comply. But the CBN has not publicly confirmed clearance yet. The right question is not "when is the dividend?" It is: has the CBN formally signed off on Access's compliance?

Until that answer is yes, the dividend is still in regulatory limbo.

They never tell the full story but the part people love to hear

Let it come down to N20 so we can reload

222Martins:
Let the dumping of Access bank begin in 3.......2..........1....... When somebody was propping up Access bids with 50Million and 100M units for days, i knew something was up............ The game was to keep the illusion of demand up, while dumping his shares on the selling side

If you want to run, run now..............Before the USA/Canada sellers of Access Wake up They are yet to see the result that no interim dividend was declared!

I will appreciate if you can explain what you mean by your statement

Agbalowomeri:
At this rate, ACCESS is a deteriorating asset

Investors may complain about the CBN delays but I think its good for investor confidence.

BabsO2:
They never talked bout interim proposal for payment to shareholder, so no surprises. Good to see they are growing and that CBN has validated the numbers with deep scruity.

No interim dividend for Accesscorp. Ba wahala

ELLAH to the moon...where are you?

chimex38:
Revenue increase Y-Y
but Cost of sales=over 45% increase.
Revenue Drop drastically
-Q-Q

Warris goin on?

Mankind you really have insight.
Flesh and blood didn't reveal this to you.

Mankind2024:
ARADEL is effectively working for Shell Petroleum Development Company, OANDO appears to be working for the banks, while SEPLAT seems to be working for the Nigeria Revenue Service (NRS).

Lagos state governors, past and present belong to a different class.