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Faoogoke's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 8:33pm On Oct 03
Im yet to receive. Perhaps I need to write sec.

ojeysky:
Has anyone received NREIT dividend?
Politics › Re: If You Elect Me President, I’ll Spend My Holidays In Zamfara, Borno- Peter Obi by faoogoke(m): 10:15am On Oct 03
If you become President dont travel and enjoy your presidency.
Me, I will travel very well.

Lifediary:
Why will Nigeria's president spend 1 month out of the country on vacation?
Politics › Re: If You Elect Me President, I’ll Spend My Holidays In Zamfara, Borno- Peter Obi by faoogoke(m): 10:14am On Oct 03
I can't wait for Obi to be President.
The laughter and drama go pass Odumeje grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 10:11am On Oct 03
Bro some of these people dont represent God. Be they politicians or business persons.
Dont let me say some of them are agents of the Devil himself.


Streetinvestor2:
Lol
we are made in the images and likeness of God. So we God representation on earth..So our economic problems will not be fixed by God.It will be fixed by human as God already gave us brain. So those who manage our economy matters. And this group falls within the political group. And this group collect millions of my money yearly as tax so I will not ignore thr activities and decisions as it affects me
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 9:13am On Oct 03
Thank you for this information.
We keep waiting.



essentialone1:
Access Holdings gets NGX's extension for H1 audited results filing

*Key Points:*

1. *Extension Granted:* NGX granted Access Holdings Plc a further extension to publish its audited H1 2026 financial statements.

2. *Reason:* Delay linked to outstanding regulatory approval from Central Bank of Nigeria (CBN). The extension does not specify a new publication date.

3. *Company Statement:*
> "As the Company awaits completion of the regulatory approval process, NGX has granted a further extension to the Company to publish the Results promptly upon receipt of the requisite approval."

4. *Second Delay:* This is the second extension for H1 2026. First extension was granted in August to September 30, after Board approved results on Aug 27.

5. *History of Delays:*
- H1 2025: Extension to Oct 22, 2025 awaiting CBN approval
- FY2025: Delay in April 2026 despite SEC approval; also reason for no FY2025 dividend due to regulatory compliance.

6. *Q1 2026 Performance (for context):*
- PBT: N272.21bn (+22.19% YoY)
- PAT: N216.54bn (+18.49%)
- Non-interest income: N444.68bn (+19.03%)
- Net interest income: N383.71bn (-26.68%)
- Impairment charges: N73.81bn (+239.04%)
- Opex: N411.27bn (+26.16%)

7. *FY2025:* PBT N1.01trn (+16.2%), Total Assets N51.56trn.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 9:10am On Oct 03
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 wella. Biko! No vex. Be calming down. It shall be well.

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
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 9:10am On Oct 03
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
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 8:44pm On Oct 02
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
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 4:30pm On Oct 02
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
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 4:00pm On Oct 02
Oando and accesscorp! Haba! Fear God small na grin

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.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 3:59pm On Oct 02
Accesscorp over 183 million uints traded.
Those selling know why they are selling.
Those buying are not stupid either.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 11:40am On Oct 02
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 grin

KarlTom:
Ding! cool
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 11:34am On Oct 02
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?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 10:22am On Oct 02
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
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 9:55am On Oct 02
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.
Crime › Re: Wike’s Son, Jordan Denies Involvement In A $2.1 Million Land Fraud Case. by faoogoke(m): 9:10am On Oct 02
Where would anyone see 30 hectares each in Katampe and Guzape?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 6:38pm On Oct 01
Just back from accesscorp twitter page demanding when they are releasing H1 results paying dividend grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 4:57pm On Oct 01
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.
Politics › Re: Court Orders Jordan Wike To Produce American Passport by faoogoke(m): 5:03pm On Sep 30
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 ….
Politics › Re: Court Orders Jordan Wike To Produce American Passport by faoogoke(m): 5:01pm On Sep 30
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?
Travel › Re: Tanzania Removes Nigeria From Referred Visa Category by faoogoke(m): 2:20pm On Sep 30
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.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 12:23pm On Sep 30
It seems accesscorp H1 results will be release this night.
Politics › Re: Court Orders Jordan Wike To Produce American Passport by faoogoke(m): 9:24am On Sep 30
Its interesting how people hear one side of a story and believe it. And pass comments.

What do we call that?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 9:21am On Sep 30
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
Politics › Re: Abdulsalami Abubakar Used In Indian Hospital Advert by faoogoke(m): 8:42am On Sep 30
If you like no spend your money get better treatment.

Go met the liquid metal aka Odumeje grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 8:26pm On Sep 29
I say make I check if accesscorp result don comot as na night them come dey release results now.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 3:45pm On Sep 29
Accesscorp redeemer is trying but forces against him are much.

Lets pray he is able to make Accesscorp go up today again
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 8:30am On Sep 29
Accesscorp will pay. They have made up for the regulatory lapses identified by CBN.

N0.50K at least hopefully

megawealth01:
Make Access pay na
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 7:22pm On Sep 28
You're one of those waiting for accesscorp magic grin

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?
Crime › Re: 28 Human Skulls Found As Suspects Flee Abia Forest Camps by faoogoke(m): 6:10pm On Sep 28
That small Abia state and criminals still find a place to hide.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 3:24pm On Sep 28
Accesscorp will rally as the market closes.
The people involved are on standby grin

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

ETERNA getting lots of attention today..
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 1:48pm On Sep 28
Be willing to buy Oando shares grin

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

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