₦airaland Forum

My counsel remains the same. Keep hoping on them. On this NGX, I hope on God for all my moves.
I see say you dey vex. Biko! No vex. Be calming down

Streetinvestor2:
Why are u here if not to hope on how someone runs a company to produce results. If the ceo of the company is failing in managing the business .Won't u be calling for his sack. Abi iis God u are expecting to manage the company affairs .
Do you know how many millions of my money that goes to this government as 10% WHT
And now I am at the teaching hospitals and buying drugs outside for my sick love one.The doctors are poorly equipped and the services are substandard. And still private clinics will refer u to the place

Continue to hope on them.

No vex!

Streetinvestor2:
How old are u.Is it not the politicians that are making the economic policies in the country u live.Abi na God dey make the policies. when obj and gej was president. They whr not politicians. Whr they spirits

Exactly! Should have waited.
Patience is key in this market.

Agbalowomeri:
You should have waited it out

At least to see wetin dey chase una. No interim dividends sha

Oando and accesscorp! Haba! Fear God small na

Raider76:
Access and Oando to me are the same. Only that while Oando's fundamentals and management issues are out in the open. Access fools people with strong fundamentals and blinds people to its management issues.

Accesscorp over 183 million uints traded.
Those selling know why they are selling.
Those buying are not stupid either.

You came late.
I wanted to Ding for you but I was late too.
Dont tell me its because you were having a meeting with loco

KarlTom:
Ding!

I said if he decides to come to the market now compared to some year back when it was doing well.
They may own their equipment etc but what value are they getting in return with their low subscriber base.
Why cant he lease his towers to others or to himself or rather sell like MTN did?
This typical black man mentality of wanting to own everything and be in charge is not helping his business.
He should sell a stake to a reputable service provider who will assist with running the business better.
In my opinion GLO and Adenuga should up their game operations wise.

lawani:
The company has solid assets. It owns all its base stations. It has more assets than most others by far. As it is presently, it is sitting pretty, why should it offer its equity at a discount?

I am amazed how Nigerian have so much faith in politicians.
Anyone taking over from BAT will not make life easier for the poor.
They dont care about anyone but themselves.

Streetinvestor2:
Don't worry,oando will be OK by next yr.That is when we have kicked BAT out and sanity, accountability will have returned to Nigeria...go and verify
The hate for this government is so clear in the independence celebration of yesterday as shown by youths

I agree with you on the GLO reluctance to list. One can imagine its fate without Mike Adenuga around. The company is poorly managed. Even if he decides to list now it will do so at a huge discount.

Oasisblue:
Rather than coming on the NGX to raise funds and compete, Glo is content to remain a family biz. I dont think they are going to maintain the status quo. I read somewhere that their subscriber base has declined significantly over the years. I think they may go the way of Etisalat and co in the near future.

I wish Lebara the best.

Where would anyone see 30 hectares each in Katampe and Guzape?

Just back from accesscorp twitter page demanding when they are releasing H1 results paying dividend

Thank you for this piece of information.

essentialone1:
Most people think H1 delay = problem. In reality it's *choice of audit route*.

*NGX / CBN rule:*
- You can file H1 as *unaudited* — 60 days after period end, no CBN deep audit needed. Quick flash. That's what FirstHoldCo, FCMB, Wema, Fidelity sometimes do.
- But *if you want to pay an interim dividend*, CBN + SEC Rules say: you must file *audited* interim. And audited interim must go through full pipeline.

That pipeline is why Zenith, UBA, AccessCorp are late this year:

*1. External auditor layer:* PwC / KPMG / EY must do full IAS 34 interim audit, review impairment models, fair value on securities, FX positions. Takes 6-8 weeks post June 30.

*2. CBN Banking Supervision layer:* Board approves (GTCO July 28, Zenith July 29, UBA Aug 13) and submits to CBN. CBN reviews asset quality, IFRS 9 provisions, capital adequacy, related party, dividend capacity. This year CBN tightened — they are querying NPL classifications, forbearance loans, and capital deductions from recapitalization exercises. They can send it back for adjustments.

*3. NGX layer:* Only after CBN gives "No objection" can NGX authorize publication. NGX then gives extension formally — GTCO/Access/UBA till Sept 30, Zenith till Oct 9.

So delay is *structural, not operational collapse.*

Why would a bank voluntarily take this slower, painful route?

Because interim dividend is a signaling tool. Tier-1 banks compete on it. Investors price banks on interim yield. Paying N1, N4.50 etc in September locks in shareholder loyalty before FY.

If you file unaudited, you cannot pay interim. That's why GTCO took the pain, got CBN clearance Sept 28, published Sept 29, and kept N1.00 interim same as last year. Stanbic IBTC did same — audited H1 published Sept 30 with N4.50 interim.

*Zenith, UBA, AccessCorp* chose the same dividend-paying route, so they are in same queue. It says nothing about PBT collapse — it says they intend to pay interim and are waiting for CBN stamp.

The real red flag to watch is not delay, but: after CBN clearance, do they *cut* interim vs last year? That would signal capital preservation. If they maintain or increase, the delay was just bureaucracy.

That's why UBA FY2025 case was different — that was year-end audited, not H1, and they had already promised capital raise, so withholding final dividend was capital decision, not audit bottleneck.

In short: H1 2026 delays = audited dividend-payer bottleneck, not hidden loss.

That aside, efcc should pick him up for money laundering.
Making payment with such amount of money in cash is a crime.
He also did not follow the process for land allocation in FCT.
Is Wike son an estate agent?
I am not a fan of Wike.

tnerro1:
This story gets as e be, you give someone $2.1 million without evidence, then you must be a fool and that will ask the important question, how did a fool get that kind of money?

Hope they have their chats backed up and can produce cctv footage of their meetings, or else, o ti lor ….

Everyone should wait and hear from the other side before jumping to conclusion.

And the conclusion should be the court judgement.

Dalohad:
And your point is?

Nigerians are scamming their people and perpetuating crime in Tanzania and you are blaming bad leadership. I think we are generally bad people

Mattswaggz:
SEE FINISH.....these are the results of bad leadership that some people are defending because of meagre 30k.

It seems accesscorp H1 results will be release this night.

Its interesting how people hear one side of a story and believe it. And pass comments.

What do we call that?

Wale Tinubu pushes investment in Nigeria’s $6.4bn creative industry

Oando Plc Chief Executive Officer, Wale Tinubu, has called for increased investment in Nigeria’s creative industry, describing the sector as a major untapped economic opportunity capable of generating more value for the country.

Tinubu made the call while speaking to business leaders at the U.S.-Nigeria Council breakfast on the sidelines of the 81st United Nations General Assembly in New York.

He said Nigeria’s creative industry, currently valued at about $6.4bn, had demonstrated significant global commercial potential, particularly through the growth of Afrobeats and other creative exports.

“Our creativity,” Tinubu said, highlighting the industry’s potential.

He noted that Nigeria’s music industry alone generated more than $600m in 2024, while Afrobeats recorded over 2.2 billion streams globally on Spotify.

According to him, the major challenge facing the sector is not a shortage of talent but inadequate access to capital and commercial structures that would enable creators to retain more of the value generated by their work.

“The opportunity is to build the investment and commercial structures that enable our creators to retain more of the value they generate, build sustainable enterprises, and allow Nigeria to capture more of the value our talent is already creating globally,” he said

If you like no spend your money get better treatment.

Go met the liquid metal aka Odumeje

I say make I check if accesscorp result don comot as na night them come dey release results now.

Accesscorp redeemer is trying but forces against him are much.

Lets pray he is able to make Accesscorp go up today again

Accesscorp will pay. They have made up for the regulatory lapses identified by CBN.

N0.50K at least hopefully

megawealth01:
Make Access pay na

You're one of those waiting for accesscorp magic

deathwing:
Is it that the cenbank wants to wait until the very last day to approve the banks’ results or what? Which kain iberiberism be this?

That small Abia state and criminals still find a place to hide.

Accesscorp will rally as the market closes.
The people involved are on standby

yMcy56:
Now that ACCESS shifted base small, Fidelity was able to get room for movement....😊

ETERNA getting lots of attention today..

Be willing to buy Oando shares

essentialone1:
To fall in love with you dey hungry me shaa

All eyes on NGX Bulletin page.

Edo queens should lodge compliant with the Sport Arbitration tribunal.

CAF should sanction the referee and its officials and not Edo Queens.

Gtbank, Zenith, Fidelity, UBA and Accesscorp how far?
Na una we dey wait o!

It's the fake sainthood the man sell that annoys me about him.
Strange he was able to garner large following. They say Nigerians are gullible.

GeeKudi:
The “As seen on the Internet”today is so long that I don’t even know how to post it here .
The Agulu man went to look for trouble for himself.

You can follow this link to see the irreparable demolition the Anambra State New Media handle has just done to the fake sainthood Peter Obi sought to confer on himself.

[url] https://x.com/AnambraNewMedia/status/2103767150561316901[/url]

The reason they submitted their H1 report to CBN along with GTB, ZENITH, UBA is so that CBN can approve their report for dividend payment.
Firstholdco did not as they do not intend paying interim dividend.
By this time next week we should know how much we are getting from our banks

mikeapollo:
I thought Access released a report sayin there will be no interim dividend? I may be wrong though.

The Central Bank of Kenya (CBK) has approved the transfer of the business, assets and liabilities of Access Bank (Kenya) Plc to National Bank of Kenya Limited (NBK), in a transaction involving two subsidiaries of Nigeria’s Access Bank.

The Kenyan banking regulator, in a statement yesterday said the transfer followed its approval on August 17, 2026, under Section 13(4) of the Banking Act, as well as approval by the Cabinet Secretary for the National Treasury and Economic Planning on September 21, 2026.



According to the CBK, the transfer will take effect upon completion of the transaction in accordance with the terms of the Business and Assets Transfer Agreement between the parties.

The development followed Access Bank’s acquisition of NBK from KCB Group Plc in May 2025.

NBK was incorporated in 1968 as a wholly government-owned entity to assist Kenyans to access credit and support economic development following independence.

In September 2019, KCB Group Plc acquired 100 per cent shareholding in NBK. Access Bank Plc subsequently acquired the entire issued share capital of NBK from KCB Group in May 2025.

Access Bank had entered the Kenyan market in February 2020 after acquiring 100 per cent of the issued share capital of Transnational Bank Plc, subsequently renaming it Access Bank (Kenya) Plc.

Transnational Bank commenced operations in Kenya in December 1985.

The latest transaction therefore brings the operations and assets of Access Bank (Kenya) under NBK, which is also owned by Access Bank.

Report indicated that the merger would resolve a Sh2.11 billion (22.41bn) capital shortfall.

What the transaction also means is that Access Holdings PLC is consolidating its operation in Kenya since it owns 100 per cent of NBK.

“From day one the plan was to combine the two and build scale in East Africa. They ran both banks side by side while integration happened. This CBK notice is the legal close of that merger, not an exit,” a source with knowledge of the transaction explained.

CBK said it welcomed the transaction, noting that it would ensure continued stability and enhance the resilience of Kenya’s banking sector while promoting competition.