₦airaland Forum

vaxx:
UK, Germany, USA and some other organized European country will not make you a millionaire in those country currency but it will make life easy for you and soft for your loved ones too.

The purpose is to escape poverty, give your family a good life. Anything outside it shouldn't concern you.


Now used the same analogy in this context.

Why are you guys fond of comparing an African country like Ghana to UK, US. It’s not thesame scenario. The average pay and minimum wage in those countries means their purchasing power matches up with the high value of the currency. This is not the case with Ghana.

do4luv14:
Give reason as to why sir

Ordega of today is not the Ordega of 2018.

As for the Oparanozie like striker, I am yet to be convinced she is a super falcon material judging by the few games she played at AFCON and given the fact that I don’t rate any league outside Spain, England, France and USA for now in the women’s game. In that sense, I can only judge her by the few moments given to her in AFCON. This is why we need more friendlies though. We could try her first in a friendly.

do4luv14:
What about Chinoyerem MacLean
Franny ordega

Both not needed honestly in my opinion.

Ogun State Governor, Prince @DapoAbiodunCON commissioned Nigeria’s first large-scale rapid diagnostic test (RDT) production facility, established by CODIX BIO Limited along the Sagamu expressway.

The factory, which is the second of its kind in Sub-Saharan Africa, is set to produce over 147 million test kits annually for HIV, Malaria, and Hepatitis B and C.

Governor Dapo Abiodun described the facility as a major leap in Nigeria’s healthcare innovation, aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda aimed at reducing dependence on imported diagnostic tools.

According to the World Health Organization, over 90% of diagnostic kits used in Africa are imported, primarily from Europe, Asia, and North America.

The Minister of Health and Social Welfare, Prof. Ali Pate Muhammad, and Minister of Education, Dr. Tunji Alausa, praised the Governor’s leadership in fostering industrialization and healthcare investment. They called for stronger collaborations between CODIX BIO and academic institutions to develop biomedical talent and expand health innovation.

CODIX BIO’s CEO, Mr. Sammy Ogunjimi, revealed that the facility has been selected by the WHO, SD Biosensor, and MPP under the H-TAP program to serve as a regional manufacturing hub for Africa. The initiative is expected to improve healthcare delivery, create jobs, and enhance Nigeria’s capacity for disease control and early diagnosis.

ItGeek:
To the Ogas in the house, if you are faced with a choice of buying one of PRESCO/OKOMU, which will you choose and why ?

Presco. They now have a branch in Ghana and could still expand into other African countries.

Aliko Dangote, Africa 's richest man owns and operates a wide range of factories across various industries under the Dangote Group across Africa.

These factories include cement plants, a large oil refinery, sugar refineries, salt refineries, flour mills, and packaging facilities.

Key Factories and Industries:
✅Dangote Cement is the largest cement manufacturer in Africa, with multiple plants across Nigeria and other African countries.

✅Dangote Refinery, inaugurated in May 2023, is the largest single-train refinery in the world, designed to process Nigerian crude oil.

✅Dangote Sugar Refinery is one of the largest sugar producers in Nigeria and Africa.
National Salt Company of Nigeria (NASCON), a subsidiary of the Dangote Group, manufactures and markets salt for industrial and domestic use.

✅Dangote Flour Mills PLC is a significant player in the flour milling industry in Nigeria.

✅The Dangote Group owns and operates a granite mine in Ogun State, Nigeria, for construction purposes.

✅Dangote Sinotruk West Africa Limited is a joint venture with Sinotruck, focused on assembling various types of trucks.

✅Dangote Tomato Processing: launched Africa’s largest tomato processing factory in northern Nigeria, a USD 20 million project that promises to reduce Nigeria’s reliance on imported tomatoes, create jobs, and support local agriculture.

With over 30,000 employees, he is among Africa's Leading individual Employer.

(Copied from X)

Dutse Jigawa State.


https://www.youtube.com/watch?v=xvRzzvC2ykY?si=u3AXVn_b63fA_EB3

Dangote Tomato

https://www.foodbusinessafrica.com/dangote-group-launches-africas-largest-tomato-processing-facility-in-nigeria/

The need for a domestic tomato processing facility has become increasingly urgent as Nigeria consumes an estimated 2.3 million tons of tomato paste each year but relies heavily on imports, primarily from China.

Each year, Nigeria spends USD 360 million importing about 300,000 tons of tomato paste from abroad.

Aliko Dangote, president of the Dangote Group and Africa’s wealthiest man, saw an opportunity to change this dynamic.
“This factory not only meets domestic demand but sets a benchmark for what Nigerian agriculture can achieve,” Dangote said at the factory’s unveiling ceremony.

The new Dangote plant is expected to produce over 400,000 tons of tomato paste annually, which will drastically reduce Nigeria’s need for imports.

In addition, the Dangote Group has set up a N3 billion greenhouse nursery in Kano designed to produce between 300 and 350 million tons of hybrid tomato seedlings.

This greenhouse aims to supply farmers with high-quality seedlings, further enhancing the country’s tomato production capabilities.
One of the facility’s primary goals is to reduce the staggering post-harvest loss of tomatoes.
Nigerian farmers currently produce approximately 1.5 million tons of tomatoes each year, but around 900,000 tons—more than half—end up rotting due to a lack of storage, processing, and transport infrastructure.
This facility promises to change that reality, ensuring a larger portion of harvested tomatoes reach consumers.
The plant sources its raw tomatoes primarily from farmers in the Kadawa Valley, providing them a guaranteed price of USD 700 per ton.
This is a significant increase compared to the average USD 350 per ton that farmers typically earn, and it offers a dependable income stream.
By providing a secure market for farmers and encouraging local production, Dangote’s factory reduces the rural exodus and boosts the local economy.

Another big move by Aliko Dangote:

“I am thrilled to announce the official launch of our state-of-the-art tomato processing plant in northern Nigeria, proudly standing as the largest in Africa. After five years of dedication and a significant investment of $30 million, we have achieved more than just a facility. We have created hope for our farmers, a solution to reduce our reliance on imports, and an opportunity to generate thousands of local jobs.

This milestone marks a significant shift for Nigeria, saving $40 million annually on tomato paste imports. By retaining this capital within our economy, we are investing in our people and fostering sustainable growth.

Our vision is clear: to invest in Africa, for Africans, and build self-sufficiency. Together, let's develop our continent and shape a brighter future for generations to come”.

vaxx:
The current Trump tarrif affected 60 or more countries and Ghana is not exclusive . Do you even know Ghana and Nigeria has nearly the same structure of economy. I mean the remittance inflows and export on earning on natural resources are nearly similar .Ghana also earn on the same oil even though it is insignificant compared to Nigeria. Apart from commodity like gold and cocoa, I do not see much difference.

Ghana is currently introducing fiscal and monetary policies which is given the investors confidence in keeping their money here therefore shoring up stability in the economy.


And again, dollar is currently weak globally apart from Nigeria and some few others countries. Dollar is currently falling against major global currency. This is also creating a favourable conditions for emerging market currencies like the cedi too.


So naira needs to also improved on its fundamentals



You are yet to exapansiate on I what I asked you to do

Lots of balderdash but I would ignore (no time to argue). I made a point which you are ignoring.

Ghana could no longer service her debts in 2022 and defaulted. Because of this, most of your foreign debt servicing have been paused since early 2024 at least. The question is why has cedis been struggling even with all these?

zendi:
What is the effect of crashing crude oil on Nigerian Stock Market, given the role of oil in the economy?

Bull, Bear or Neutral?

There are professors of economics and top notch market analysts here.
Time to speak up.
Portfolios and networths could be in danger.

National budget is typicallyly benchmarked on $75/barrel oil price.
Oil is right now at around $60 and, I'm sure, headed down.

Govt is the biggest spender in the economy, and right now is already in deficit budget.

So what next?

Is it foreign investors that will come and mop cheap stocks when liquidity dries up in the market?
Or will Govt resort to borrowing to fund the budget and keep the economy bouyant until our precious oil recovers?

Government may likely do forward crude oil sales again (like in COVID). This time it might be up to $11 Billion.
If Dangote is liquid, I would say we renegotiate with those we did forward sales with and Dangote buys up some of the long term forward crude oil sales we already have.
Budget would also have to be reviewed and cut down and capital projects ran strictly by the private sector or FDI.

vaxx:
exapansiate?

American new tarrif also affects Ghana

Affects Ghana in what way compared to reduction of crude oil prices? Hasn’t gold been climbing? Your biggest export is gold which has been on the rise coupled with the fact that you service very little foreign debts.
Nigeria’s biggest export is crude oil by far (which has been falling), so what do you expect?

vaxx:
I was even told from a reliable source that naira is trading at about 115 to a cedis .

Naira is 1590/1600 to USD. It was 1500/1530 for about 3 months until Donald Trump’s tariff issues early April which spiked our Eurobond yields from about 9 to 13% due to investors fear of low oil prices. The continuous low oil prices as well means our Central Bank may try to maintain at 1600 levels for a while.

Ghana on the other hand, is under an IMF program and free from a lot of foreign debt servicing (for now until 2027) which gives you a chance to boost your reserves and strengthen your currency but I don’t know what’s happening.

vaxx:
good investment for Dangote foresight.

100 cedis is now 12 thousand naira and 10,000 cedis is now 1.2 million naira.


There is a whole of money to recoup back home for Dangote and a good job opportunity Ghanaian youth. A win win for both countries

I expected cedis to be strong months ago given the high gold prices. So good one.

The Dangote Group is set to construct a sugar refinery in Kwame Danso, in the Bono Region. The facility will boast a daily cane crushing capacity of 12,000 tons and will support irrigation across 25,000 hectares. The refinery is anticipated to produce sugar, molasses, and ethanol.

@vaxx, @Just40.

Good news. This would kick off alongside Dangote’s ongoing $700 million sugar investment in Nigeria

ositadima1:
I want to see the actual figures and workings—not politically motivated defenses.

This is BUA foods for example. Convert to dollar yourself using 1550 and 750.

For 450, it would be a slight loss. (So I correct my earlier assertion (if we are to use Q1 2023)).

Q1 2023 profit after tax 40.4 Billion naira.

Q1 2025 profit after tax. 125.8 Billion naira

ositadima1:
Most of the revenue/profit growth you folks are celebrating—I've read how Agba is praising the heavy returns in the consumer sector—I have just one question: Have you converted those returns to dollars and compared them with previous years’ returns using the exchange rates of those times? Which one do you think is better?

To me, it looks like we're seeing more money that’s worth much less.

And before anyone launches an attack saying “we spend in naira,” let me ask: how many made-in-Nigeria items do you actually own, aside from a few consumables?

It’s actually quite funny. Someone who used to earn ₦20 million a year before the Tinubu and Buhari administrations could afford a decent car and still live comfortably. Today, that same ₦20 million might only buy a car—if your taste isn’t even that high.

So, Brother EmmaOdet, while you’re sharing all this profitability news, please do us a favour: convert the figures to dollars—using the old rate (below ₦700) and the current rate (around ₦1,600)—so we can make a more meaningful comparison.

Thank you.

Some are still better in dollar terms. I may be wrong but I even did for Cadbury compared to Q4 2022 and it was thesame in value. The likes of BUA foods have surpassed what they were in 2022 even in dollar terms which means they are now making real profits.
Note : I used the old official rate of 450. If I use 750, then a good number of them have made real profit in Q1 2025.

Agbalowomeri:
Na you dey look am as hammer
What about all the forex losses
Some will not come out of negative retained earnings for another two years

For a good number of them though especially the ones making more than 100% profits, FX losses are now minimal.

zendi:
The most shocking is that Nigerians are still guzzling enough beer to keep the breweries not only still in business but to actually remain hammering.

The only loss I have seen so far by a major company is Total Energies and that is understandable (the Dangote refinery effect). It’s been profit after profit all over in Q1. Even Cadbury with heavy losses since 2023 rebounded strongly.

Streetinvestor2:
Hunger and poverty they wound people for naija but all these companies just dey hammer for q1 results. Does it mean they have been exploiting the people of nigeria via all this increase in product and services hiding under inflation and government policies.
I am just reasoning the matter oh.

A more stable FX at the official market in Q1 than in any quarter in 2023 and 2024 is largely responsible. FX losses are now minimal. Also, increase in prices to match the inflation.

In Q1 2025 though, some manufacturing companies increased volume of sales and even MTN added 2.6 million new subscribers. So probably Q1 2025 also saw an improved economic environment all round than Q1 2024.

Wonderful Q1 result from one of my favourite Nigerian oil and gas companies: SEPLAT. Their heavy investments in gas especially over the years would start to pay off this year and has likely started paying off already from Q1.

Seplat Energy Q1 2025 Financial Highlights

Revenue: $809 million, marking a ~350% increase from Q1 2024 ($180 million). ​

Adjusted EBITDA: $401 million, up 226% year-over-year. ​

Cash from Operations: $306.5 million, a significant rise from $16.8 million in Q1 2024.

Unit Operating Cost: $12.6 per boe, better than the guidance range of $14–$15 per boe. ​

Net Debt: Reduced to $747 million by end-March 2025.

Dividend: Declared a Q1 2025 dividend of US$4.6 cents per share, up from US$3.6 cents in the previous quarter.

theenchanter:
no dey answer this one jare. Let him continue to fool himself thinking he's hitting a point.

I swear.

vaxx:
Cus your emotions will not let you go.


You are asking me who homeschool you that you can actually fall into recession even if your economy grow if I know what is excess crude account?

Anyway Nigeria is not the only country that maintain such account , nearly every country has such sovereign wealth to maintain stability in case of any future happenings.


Now that the naira is fallen , the excess account would have help to mitigate the effect a bit but it is less than 500k

Excess crude account is not a savings account, it's not even constitutional. It was a circumstantial account created to accommodate excess revenue from crude oil sales.
As at 2015, it was just $2 Billion although in 2011, it was $20 Billion but Nigeria has other saving accounts ie NSIA.

Locotrader:
Insurance stocks has no part in this remaining bull period.
Keep ears on recapitalisation.Before then,there will be a major pullback that will usher another bull in the insurance sector.

For now the result of Guinea ins can't lead it to anywhere.

Instead look the way of NB,Nascon,Aradel,Transcorp and other consumer goods companies if you are scare of my type of stocks which I have listed above and my sure bet for this season

Aradel?? Even with Trump and the current crude oil prices?

vaxx:
Fact does that care about your emotions , even if you are gullible ...


This is the fact , money no inside 9ja pulse hence the falls of the naira .. stop arguing with emotions.

Shamseldeen Ogunjimi, accountant-general of the federation (AcGF), says the nation’s excess crude account (ECA) balance is $473,754.57 as of April from 72 million dollars

What is Excess crude account? Do you know what it means? Besides, Nigeria has stopped maintaining excess crude account for long (almost a decade now) because it’s irrelevant since crude oil production has been below all budget targets since 2014, so it’s not a new phenomenon. NSIA is the focus and they had a whopping growth in 2024.

I shouldn’t be doing this with you but…

Nigerian FX Liquidity has improved compared to the struggle in 2023. This is for Q1 2025.
The only real threat now is Trump’s tariff which has slowed down buyers of oil from the likes of Nigeria and Angola and has reduced oil prices.

Jamestown123:
The question should be, if we are safe and secured enough to see 2027? As for me, I can't die, God knows that.

How? I’m confused.

Picky1:
Gov't printers at work? Exchange rate?? Just thinking out loud!

Price increase.

Sunrisepebble:
https://doclib.ngxgroup.com/Financial_NewsDocs/43879_DANGOTE_CEMENT_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2025.pdf

N12.29 Q1 EPS
83% yoy Growth

Is the coastal road a primary reason for this? Even Lafrage just had one of their best quarters.

Jamestown123:
I will keep saying it, no sane man would support this current crop of leaders that are leading Nigeria. Nairaland should keep removing my post and banning me. Just as Nigerian government will arrest and jail anyone who talks about their evils. Human lives has no meaning in this Godforsaken country, yet most of you guys come here to defend those who keep killing and keeping you in poverty.

What ideas do you have for your preferred leader come 2027?

Yoursfaithful:
https://nairametrics.com/2025/04/24/transcorp-power-reports-n43-283-billion-pre-tax-profit-in-q1-2025-up-50-43/

Nawa o..All these companies 1st Quarter no dey joke o

I knew it when I saw the PMI at 52 and 53 in January & February respectively. Also exchange rate was stable between 1480 and 1550. So FX losses would be minimal. I expect over 90% of firms on NGX to make profit including Telcos.
The signs were there in Q4 2024 already.