₦airaland Forum

essentialone1:
Royalex full Bid loading today?

New majority owner of Royalex Insurance is Nzerem Yvonne Chinecherem of Nexamont Limited

By the looks of things, the answer is yes.

Hopefully, we get more insurance announcing the recapitalisation plans over the coming weeks.

leo1234:
Please do you know when VFD rights issue is closing?

Qualification date is 8th of August 2025 but I can't find the the closing date.

Has not opened

Insurance recapitalisation on going.

LordBiden:
Sowore must be high on cheap crack.

Are you saying a two terms governor of an oil rich state like rivers cannot afford a mansion in USA without stealing state funds.

I still like wike,at least he is a performer and not like other politicians who steals and still don't perform in office.

The wife also earns huge income as a judge.

Nigeria my country.

An ex governor whose monthly salary is no more than 2-3 miliion monthly at any point in time has amass properties worth billions in upscale US towns..not counting the properties in Nigeria. His supreme court justice wife, salary no more 2million monthly has the property registered in her name.

His kid attends some of the best schools abroad, he doesnt use any othe world class hospitals he built in Rivers to treat his ailment..he rather travel abroad.

You in Nigeria, struggling with the factors in Nigeria, writing for God knows how much, that this situation makes sense.

How should she have spoken modestly op? No point saying she spoke immodestly by arguing with a group of men without saying how she should have spoken.

Others are discussing issues of national importance, these ones are hussling who deserved to seat on a chair.

These tarditional institutions have long outlived their usefulness and should be scrapped.

Nigeria shouldnt be importing from the US.

Makes no sense after the trump tariff

Doesnt matter how much she bought it, if she charged a client N26million and rendered service as promise, no case there.

She is not to blame for buyers regret

Diplomacy2020:
Good day to you all.
Please I need advice on this.
I woke up and found my patio door to the garden broken.
I called my insurance and was told I have £350 excess and their own vendor quoted £623. They requested that I pay £350 while they pay the rest. But I found a local vendor that quoted me £330.

What should I do please?

Its due to thermal stress. It happens to newly installed glass panes where not enough gaps were left for expansion or impurities in the glass cause a fracturing of the pane as it expands at a different pace from the glass molecules.

Most window and door installations comes with warranty period. If it is, get in touch and ask them to remediate it before insurance.

Techie25:
Are you sure this is Chile or Europe?

How come they don't look Hispanic but "olive white"?

Even the level of infrastructure looks too advanced for a south American Country!

Nairaland keeps teaching me daily!
Nice thread by the way

Loads of chilean and argentian are of european descent.

Also, argentina was one of the wealthest countries in the world prior to ww2. Attracting loads of skilled workers and technology from europe which was at the forefront of the industrial revolution.

Chilean and Argentina being neighbours, likely benefitted loads from the european skilled labour influx and associated techologies they brought much like the USA did also.

chimex38:
The year no insurance company make a suspension list.

It's gonna be a new dawn for the sector.

The Nigerian Exchange Limited (NGX) has suspended, effective September 1, 2025, the trading of shares in three insurance companies: Regency Alliance Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc.

Has probably been discussed here, but how common is it for insurance companies to be suspended?

No worries, Farage will also liberate the UK just as Trump is liberating its workers from their jobs.

For all the loathing of immigrants from "third-world countries", Trump has made some very good through passes to Africa. It is left for African governments to score the goal.

The Feds in the US would have to agressively cut interest rate to combat a weakening US economy.

A good incentive for capital and investors to flow from the US to countries with higher interest rate and stability.

Hopefully, rate cuts & a weakened USD in the US will push more institutional investors to the NSE

Ibrahim505:
It's national holiday for Maulud

Thanks chief, even the NGX webpage does not mention it

Agbalowomeri:
Yes sir

strange not found online.

Agbalowomeri:
Some people are in a market but completely detached from happenings around it

Please bring me up to date . Is there a holiday today?

Anyone having issues viewing Livetrade with Morgancapital. Can't seem to connect even after several refreshes

Nonexisting1:
I wanted to dismiss this as trolling but I've seen a lot of people with this mentality before.

God bless you. When people abroad avoid responding to messages from people in Nigeria, some people think it is pride or arrogance.

At one point, I realized that over 70–80% of the messages I received from people in Nigeria ended with a request for money, even from people I barely knew back when I was living there.

At some point in time, my heart skips, when I get messages from people in Nigeria because I know I have to offend someone or part with cash.

It’s already been well-discussed, but it’s worth repeating: plan carefully for what comes after your studies before choosing the UK as your destination.

The UK of today is not the UK of five years ago. Opportunities for new migrants have shifted dramatically.

Major headlines on key news outlets today are highlighting the sharp rise in international students seeking asylum as a way to overstay their visas, which has now become a major focus for the government.

Not worth it spending 15-20M to become an asylum seeker in the UK in my opinion.

tensazangetsu20:
Honestly, if you’re still in Nigeria and have plans to relocate abroad, especially as a single man, I strongly advise staying single. The rumors you’ve heard about black men not being in demand abroad or not being loved are completely false.

Back in Nigeria, I was ugly. If I got a girl’s number, she would either block me or ignore my messages. My last girlfriend before leaving Nigeria was by sheer luck—I still don’t know how it happened. But when I moved abroad, it felt like I’d transformed into a supermodel. It got to the point where I had to delete my dating apps because I’m focusing on earning certifications to boost my income, and managing conversations with so many women became overwhelming. Even approaching women in real life yields the same results—if I approach 10 women, 8 of them want me as their boyfriend.

I can’t explain it, but if you’re a Nigerian guy and you’re single with plans to move abroad, preserve that status. The quality of women I’ve met in terms of beauty and their achievements is far beyond what I ever imagined getting back in Nigeria.

Ladies abroad are fascinated the "traditional man" concept which is in scare supply in todays western society. A man not looking to split bills shamelessly and wont treat his wife in a gender-blind manner.

Many western ladies also are not sure what to expect when they meet a darked-skinned person, probably because they have not interacted with many closely and hold presumptions based on baised media reporting.

so when they get the chance to interact closely with one and find out you are witty or intelligent, they get blown away.....like they have met a superstar. I have noticed this quite often

So if you are in a country where they havent met loads of dark-skinned people and arent strongly racists, you may have hit the jackpot as a single guy

chopnaira:
High oil prices actually.

For the most part of OBJ's presidency oil traded for less than $40 a barrel

lexy2lexy:
Please is there anyone yet to receive Presco dividends? I am yet to receive mine

I received it yesterday.

Some joy in the current red sea

Mariangeles:
It's how they were quarreling jejely for me.

If na Naija, tables, ladders, and chairs for don dey fly everywhere.

His "softness" with the woman is part of why his why is suspecting the lady is telling the truth.

The man is even calling her "love". Probably just using the normal English slang but wrong choice of word.

Midoskibal:
Hi everyone,

Please I need advice.
So I did forestry and wildlife as an undergraduate. But i heard its not really compulsory you do something related to your undergrad though I'll prefer to.

So i searched for high demand courses (degrees with the very high possibilities of securing a job in the uk related to my course of study and some courses popped out). E.g

*p.

I’d advise you to strongly consider pursuing a master’s degree in a field that aligns with your marketable experience.

Skilled visa-eligible roles typically require a certain level of experience, and policy trends are moving toward limiting entry-level or below-graduate roles for new immigrants.

If your long-term plan is to secure residency through the skilled worker pathway, it’s worth reflecting carefully on this.

There are immigrants who have secured visa sponsorships in roles such as chefs, while others with master’s degrees in high-demand fields like cybersecurity have still struggled to find employment.

yMcy56:
I know some people were just not happy Insurance Sector which they've so much detested are delivering in market....

Ordinarily the sector is much undervalued and, with the new good news, they should deliver well.

If banks can be transformed, so also insurance sector.

We continue to see how market handles this over time. In fact, the time is even shorter self.

In my view, if July 2026 is the deadline, they should be discussing fundraising options and kicking off M&A talks ASAP. M&A deals take months to close, and the longer they wait, the pricier it’ll be to buy out rival competitors.

I expect some to begin openly discussing their options this year or early next year.

I'll be keep the bulk of my insurance stocks come what may, I have enough fat to take any temporal dip.

Omooloriredade:
Jeez!!! I have been trying to ignore the discussions on Chams RI for days now but mehn! The ignorance here can be mind-boggling.
The problem is that some have not taken time to understand the workings of the market. For example....Who are the stakeholders? What does one entity do? You see people will have an issue with the Registrar or CSCS and be blaming Broker ...haha

Selling your Rights means relinquishing your exclusive right to buy shares of Chams at the offer price of N1.70 as an existing shareholder.

If you trade your Rights, you simply sold your "right" or "priviledge". No shares are involved. Buyer now needs to pay the N1.70 offer price having acquired your Rights.

Eg It will cost Iya N1 + N1.70 = N2.70 to acquire shares in Chams.

I assume Iya thinks the SP on the NGX will be well north of N2.70 by the time the offer closes otherwise, Iya might not know what they are doing either. Apologies if you find this insulting.

Those pricing the Rights at N2 or talking about selling their rights at same price clearly have no clue either. There is a reason investors that know what they are doing are not bidding to buy at that price on the floor......the bid on the heads (main shares) not withstanding.

Ideally, if you are an existing shareholder and you'd like to hold for medium to long term but don't intend to take up your rights, you should absolutely be selling the equivalent quantity of shares you qualify for on the floor. Part of the proceeds can then be used to take up your rights. Your holding remains the same with some spare change.

The scenario above changes if you are trading Chams or whatever other strategies you might have.

Disclaimer - I am no financial adviser so my post could be highly misleading. Please consult your financial adviser for advice. Not a recommendation to buy or sell.

It doesnt make financial sense to buy just the right at N1 or N2 plus right price as that is already above the current market value of the share itself.

Locotrader:
No longer 31st December 2025?
The tempo can now calm down.
There will be second and third missionary journey in insurance stocks before July 2026

aaah, many insurance companies will exit the market if given just 4-5 months to recapitalise.

1 year sounds reasonable.

Oasisblue:
You are right. It's always a challenge balancing long-term focus(investor) and short-term gain(trading). I am experiencing the same thing with Aradel, where I have a substantial sum tied down without capital appreciation. I keep increasing my investment in the hope of averaging out my brek-even price, but seeing what is going on in the insurance sector, I feel like a fool now.

Averaging down? Dangerous game if the breakout isn’t right around the corner.

When you’re in a hole, stop digging.

Personally, maintaining a diversified portfolio is safer.... skewed toward the picks by gurus on this platform admittedly.

IyaTola:
#1 deal?!

Why will he sell you the right at N1 when rights price is N1.7?

You want him to pay N0.7 on your behalf

EDUECO:
Fidelity, WEMA, Stanbic and Jaiz would surely be successful in the next 50 years.

Unity bank will be successful in 100 years