₦airaland Forum

Nigeria changing her tax laws as a whole for the first time since independence in 1960. We have been using tax laws prepared by colonialists before independence. Crazy.

Oando profit taking.

US Dollar getting weaker and weaker. Investors scared of the ballooning debts.

Deltamani:
Okay… So Chioma Okafor was literally participating in 3 Sports when she go to the US earlier on before finally settling down with Football..

She won several awards doing that as well. https://www.facebook.com/share/r/16mb4vCgUv/?mibextid=wwXIfr

She runs track, plays Basketball and Football

100M, 200M and 4X100M as well us Long jump and triple Jump.., her team broke the 13years school record of 4X100 relay…

Wow, good.

Today’s market was just wow. Green everywhere (up 1.22%).

thebargainhunte:
There are two companies on our NSE with a huge potential in fg blue economy.

Caverton of course.

Streetinvestor2:
The main bull is coming. Renu omokiri will soon announce the ASI 120k news and you go see how insurance companies go begin do 10% steady. Politics will push our market to level you go shock soon...
My street sense

Lol, true. I never thought market would hit 120k in June. But it’s already surpassed it now and quite easily. It would also likely remain above the 120k levels this week. Over to you Reno 😊

yMcy56:
Market is generally up today......
Lots of +10% at the moment.....

Market is up by 0.15% at the moment. Oil and gas, Consumer goods are both already above 1%. Banking sector at 0.07%.

All share index have crossed the 119k level.

mostob:
Overall, a good game yesterday.
Franny was a big surprise. Mama still got it surprisingly.
I've never been a fan of Onumonu due to her lethargic performance up top. Okonkwo in her position yesterday and we would have got a goal in. I hope she prove me wrong in Wafcon though.

Excellent display by Chiamaka.
Shukurat is good. I like her athleticism. Miracle, on the other hand didn't really impress. Stage fright maybe.

I still want to see Ajibade in midfield please. Jenny/Tony can shift to the wing.

Ordega flopped as a No 9 in the first half but was excellent when they switched her to her natural position in the second half- the wings.

KosiGee:
Atrocious errors like the one from Demehin shouldn’t be happening. Silly back passes like that and lack of spatial awareness shouldn’t be happening to a player like Demehin

She makes this kind of mistakes once in a while right from her u20 days but a good player overall especially in her long range passing from the back. She just has to improve on her level of concentration.

Ordega doesn’t seem to be like a bad inclusion afterall.

This national anthem wen nobody gree learn well so ehn. Nobody dey sing there, dem just close eye to pretend 🤣😄

ositadima1:
Crude oil belongs to Nigeria (unlike other businesses where there is a cost of goods), and it remains a major source of national revenue—even though Seplat does a good job of extracting and selling it.

True. NNPC is also a big partner in most of their recent deals especially in gas operations.

Hmm

Deltamani:
His (Madugu) major problem will be the Combination in Midfield.. who will he play, he likes Abiodun very much but will Ayinde back.

Is tough oo

I think a very fit Ayinde is one player in the Super Falcons Midfield that must start. Ucheibe plays better alongside Ayinde in Midfield and i hope he understands that too..

True. Ayinde’s presence gives Ucheibe the room to not just defend but to show her attacking qualities.

moneymanager:
There is money in this country ……..

There’s a mix up there though and this is probably also the fault of the NNPC’s lack of transparency. The NNPC official could not explain properly to the senate how they spent over a 100 trillion in the period . If you dig deep into the story, you’ll see both the NNPC official and the senate committee are confused.

“It is clear that N210 trillion is not missing. The figure is a combination of accrued expenses and receivables, transactions that should cancel out each other once fully reconciled.

The Senate’s main concern is (and should be) about the financial process and transparency. They believe it is a serious lapse for such large transactions to be published in an audit report without proper governance approvals”.

For more on this, read:

https://fij.ng/article/explainer-no-evidence-n210trn-in-nnpc-audit-is-missing-just-poorly-explained/

Deltamani:
Watch Chioma Okafor short Highlights and see what to expect from her …


https://www.facebook.com/share/v/1BH7iFSsx8/?mibextid=wwXIfr

Reading other Facebook comments from Malawians and they are really pained about this.

Someone commented saying their FA is very unserious because he couldn’t understand why the FA would think a Chioma Okafor (probably Mr Ibu’s daughter) is a Malawian 🤣🤣

Nollywood really exposed Nigeria to Africa, chai.

joxxy01:
I am happy over the inclusion of Folashade Ijamilusi... A very good forward I must.

I feel so emotional about this Chioma Okafor of a girl call up. Though partly a Nigerian, she lived most of her life in Malawi before going to the US. It would be natural for a player like that to choose her country of birth easily without been convinced, but here we are..... A good addition to our arsenal

Who would choose Malawi when you can easily go to AWCON with Nigeria, possibly win it, play in the World Cup and Olympics in no distant time? Choosing Malawi would have been a decision based purely on emotions not logic.

List is out. What do you guys think of the list?

Deltamani:
Her Mother is from Malawi while her Dad is from Nigeria.. She was born there though before moving to the US

I really do see a lot of Tabitha Chawinga in her, Strong, Fast and dangerous Left foot. she love to play from the left the Wing as well…!

Good catch for Nigeria and herself..

Good decision by her. Malawi FA for some reason do not do enough in terms of regulations and organisation to be allowed to participate in AFCON qualifiers. I wonder why they would expect her to choose Malawi who are only generally comfortable with just SAFA competitions rather than the AWCON.

isan:
Which of her parents is from Malawi?......

Her mother. It seems she was born in Malawi and grew up a little there so it was natural for Malawi to be expectant.

Just saw this now for first bank and fidelity.

https://proshare.co/articles/firstholdco-addresses-cbn-forbearance-circular-affirms-dividend-commitment?menu=Market&classification=Read&category=Stock

otokx:
Please can you post a copy here of the latest CBN clarification?

I didn’t see the official statement but from this article on nairametrics.

https://nairametrics.com/2025/06/18/cbn-says-forbearance-affected-banks-under-close-supervision/

jonnysessy:
If horses were wishes, beggers will ride. I had no money in my account the first two days the forbearance fever hit the market. I was hoping it will last for at least a week. But, to my surprise all the affected banks started looking up even before their PR started responding to the CBN publication. Even, not all banks have responded (UBA) but all had gotten back to the price they were or even better.


Lesson learnt: Don't take a decision in the market in a rush. If the reason you bought a stock is still there, then you buy more any available pull- back, to always average down.

I think beyond the response from individual banks, CBN’s latest clarification has somehow restored confidence again.
Long term investors are even buoyed by the sentiment that mid to long term, this is to ensure stronger and more stable banks post recapitalisation.

Mpeace:
Lol
This guy don load access
I do not know why no one is talking about UBA on this forbearance issue. Even the bank has not deemed it fit to make any publication.

What is the position of UBA on this issue

I saw a nairametrics analyst say they may likely clear theirs by end of this year.

Mpeace:
.
It's having similar price appreciation in the London Stock exchange.
Is there something on the way that we do not know yet?

Oil prices and what may happen in Iran soon.

Analyst Ugodre is confident that Zenith Bank has the capacity’ to clear the forbearance H1 2025 (this month) or latest Q3 2025 if they want to, due to their large net assets and profits.

Insightful take by Ugodre (CEO of nairametrics) on Forbearance. He gave his overview on where the FUGAZ currently stand in the last 7 minutes of the interview.


https://www.youtube.com/watch?v=gSjnJwZh6Lc?si=WzunMFwX1C8alAnb

chimex38:
Reduced the import of refined crude and increased the import of crude itself.

Who do us this thing?

But if we give Dangote our crude, it would still reduce our exports of crude especially when we give him in naira. Don’t forget that Dangote mostly imports WTI from the U.S which is a cheaper crude, so when you add logistics, the prices are almost the same or still even slightly cheaper than when he buys the expensive Bonny Light from NNPC or Chevron.

However, I think the major reason NNPC can’t supply Dangote as much as we would expect for now is the issue of the forward sales contracts which are estimated to be around 300k bpd currently. NNPC and the Federation together doesn’t have more than 750k bpd from the 1.45 million bpd we currently produce. This means they may only have around 450k bpd left to give Dangote and also export. Servicing Dangote alone requires 650k bpd.

Dangote can buy from IOC’s in Nigeria and the new indigenous players but I think the deal to buy some parts of the crude in naira is only possible with NNPC for now.

megawealth01:
Was thinking this will help Oando rise in price sha

Should but with the market sometimes, you’ll never know.

Oil prices keep climbing. May get to $80 per barrel soon. The world must be prepared.