₦airaland Forum

yMcy56:
Somebody like me, I'm not even comfortable with some of the IPO items...
The Refinery coming to market without class looks somehow to me.

They may want to pump the share price upon listing but las las, na on top retailers Dem go dump the kaya.

Davido & Co no go use me cash out for NGX...😊

Could you please explain what you mean by class?

Kelklein:
We will be clamoring for a new Nigeria like this, Then one random woman will crawl out from no where and start moving around with 200-Jeep Convoy..because they are the one in power náà..

Somehow I still feel like nothing significant will really change in 2027 even if you change Tinubu.. our political elite class are all in the same WhatsApp group.. they all reason alike

YYou get it.

That's why I support Tinubu to continue. It's better for Nigeria.

A change means starting over. If Atiku wins, we get Amaechi, Dino, Kenneth Okonkwo, etc. If Obi wins, we get Obi, Dickson, Kwankwaso. Same faces – or even worse. They'll spend one year forming a stable cabinet, another year blaming Tinubu and APC. Simple.

But if Tinubu wins, the cabinet, structures, and processes continue. No reset. No learning curve. They can use the time to consolidate and deliver.

mikeapollo:
You need benchmark and timelines to be able to provide unbiased answer. Improving or deteriorating when compared with what/when?


But personally, I don't want to dabble into this today.
The verdict is out there by the people.
If I say my opinion, I may be accused of bias.

This is best answer I have ever heard on this subject. Thanks.

Let's go purely into Stocks.

mikeapollo:
You're right at the bolded.
I made similar comments, but someone decided to misread what I was driving at:
Good macros help to create and sustain jobs. Bad macros do the opposite.

True!

Here's the question for you, others and all of us: Under this administration, are Nigeria's macroeconomic indicators improving or deteriorating?

Sunrisepebble:
Oando is actually there. It’s poor headlining from nairametrics.
Please see all the companies included

Source please

megawealth01:
Although na AI you use but you nailed it

Great. Good catch.

AI is a common tool. Knowing when and what to use it for, making the right judgments, crafting precise prompts – that is not common.

I still catch grammatical errors no matter how many times I proofread my posts, emails, and writeups. Now I run everything through AI – spelling, grammar, even logic. It also summarises my stock portfolio per account and shows me my AUM/net worth at close of business every day.

So I'll ask again: are there still people out there not using AI?

Sunrisepebble:
They are not serious

Excellent observation, and a very sharp question. The most direct answer is that Seplat is ineligible for inclusion in the FTSE Russell Frontier Index Series because of the type of dual listing it holds on the London Stock Exchange—a Standard Listing, which does not meet FTSE Russell's eligibility criteria.

This is a technical rule, not a reflection of its market value or performance.

GTCO is also listed in London, but its listing qualifies—GTCO holds a Secondary dual Listing, while[b] Seplat holds a Standard Listing[/b]. Standard Listings are not eligible for inclusion.

The same may be the reason for OANDO but a greater reason maybe Oando's absence from recent indexes when it was removed from the NGX 30 Index on liquidity and performance grounds

lionshare:
I see your point, but you still can’t blame the macros for every company exit, especially since this is no longer 2023—the macro environment is improving the ideal thing would be to compare entry vs exit rate. If this had happened in 2023, that narrative would have been more valid, but not necessarily now. Perhaps Uber has company-specific issues.

Even in the almighty USA, some billion-dollar companies closed shop last year.

Let's get the facts straight.

Uber is restructuring globally, especially its African business. They currently operate in more than 70 countries. They exited China a while back (I guess you know why I reference China; it is a great economy), and over the last two years, they've left 4 African countries (out of 9) as part of a broader reorganisation.

I follow Uber closely because I hold their shares.

Good people, any news on NASCON please?
Fell 10% yesterday and down another 8% today. Just market-wide profit-taking, or is there something specific?

megawealth01:
AI.come

Great. Good catch.

AI is a common tool. Knowing when and what to use it for, making the right judgments, crafting precise prompts – that is not common.

I still catch grammatical errors no matter how many times I proofread my posts, emails, and writeups. Now I run everything through AI – spelling, grammar, even logic. It also summarises my stock portfolio per account and shows me my AUM/net worth at close of business every day.

So I'll ask again: are there still people out there not using AI?

mikeapollo:
Your reference to the UK economy actually ''spoilt'' your argument.
The UK economy has been ''failing'' and doing badly for almost a decade now, probably due to the effects of Brexit and other factors

Let's keep this about business models, not macroeconomics.

Moniepoint didn't fail because the UK economy is struggling.

They exited because:

The UK remittance market is saturated – Competing with Wise, LemFi, NALA, and Taptap Send. Customer acquisition is expensive, margins are thin.

The UK is expensive to enter – £1.2m setup costs, $2.5m regulatory deposit just to get licensed. Compare that to Nigeria or Kenya where they already have infrastructure. Heavy overhead for a market with no existing advantage.

It was an opportunity cost decision – Moniepoint processes $294bn annually in Nigeria. They're expanding in Kenya and other African markets. The UK was a distraction, not a core market.

Volume isn't viability – Demand was stable. They grew transaction volume 70% but still pulled the plug. Growth without margins is just vanity. That's a product-market fit problem, not a macro failure.

Bottom line: They didn't leave because Britain is failing. They left because their money works harder in Africa. That's strategy, not surrender.

Streetinvestor2:
A verdict on the failure of the economy for businesses. Another 3300 about to enter the unemployed population. The effect of inflation and devaluation on businesses on the streets. This must triggered the lost of reasonable customer base

Uber isn't quitting Nigeria because the economy is failing. They're quitting because their model failed here.

They've been complaining for years about drivers gaming the system—fake trips, bonus abuse, account sharing. That's not a macroeconomic problem. That's a microeconomic friction they couldn't fix.

Compare Moniepoint in the UK: they pumped in £2.5m, then exited. Did the UK economy fail? No. Their product just didn't fit the market.

Same energy here. Uber's exit isn't a verdict on Nigeria's economy. It's a verdict on their inability to manage the local reality. The market is still there—they just couldn't make it work.

AMINDA:
It's hard to disbelieve. The desperation from Tinubu's media guys since this saga began is not normal. They were so desperate that they had to go interview Reno Omokri! Even Jide Sanwo-olu had to be dispatched quickly to Washington DC to lobby the Lebanese Massad Boulos while Tinubu himself has embarked on an emergency vacation. What really could be in those files that is capable of causing "permanent irreparable damage"?

Let's be honest: dropping $1.2m to dig up someone else's records is either desperation or expensive meddling—neither is a good look.

And yes, these two have lived under the same roof. They know each other's weaknesses, secrets, and ambitions. This is not a crusade for Nigeria's future. It's a turf war for Aso Rock's table—who sits, who eats, who gets served. Selfishness on both sides.

But here's where I'll check myself: selfishness isn't always identical. One side might be marginally less damaging than the other. Small differences—on due process, on restraint, on who they appoint—can land on real lives. That doesn't make either noble. It just means we shouldn't pretend they're perfectly interchangeable.

So my final word: watch, judge, and extract whatever useful information spills from their fight. But do not carry their banner. Do not march for either. This is elite theatre, and the ticket price is paid in our attention—not our blood.

londonerr:
Good question:

Why is oando not on the list?

Good question.

The last time I posted, I compared SEPLAT and OANDO and this is my verdict:

"Oando, on the other hand, is a speculative turnaround story. Early signs of recovery are visible, but the numbers show it is not yet a genuine competitor to Seplat on fundamental strength. Its extremely low P/E reflects the market's scepticism, not value."

Also, for transparency sake, I won't add to a loosing steak of about 20% in my portfolio while there are other equally good choices.

megawealth01:
Sleep carried me vuuuum market don close

@Nosa what are you buying sef wey you no wan tell me? 😂

If you are considering buying, if you have some semi-patient money, these are the stocks with analyst's consensus BUY and good upward potentials. DYOR+DYDD applies.

9jatriot:
What is the English name for apollo? That is where the name come from.

The chap I quote, claimed Yar Adua was the best Nigeriana president. I countered him on why that is not true. In my counter, not one sentence praise Tinubu, I stayed on topic.

If you responded to that topic, I take it to mean that you want to counter me on why Yar Adua was the best president, instead what did you do, you tried to bring Tinubu in.

Anyway, I will try and resist the temptation to derail the thread any further, except that I hate the lies you guys try to spin. Musters "I do not support andy candidate"

If yo

It looks to like the best President Nigeria ever had now is Tinubu.

onuman:
Rotation of the presidency between the north and the south holds Nigeria's democracy together since 1999.

Tinubu usurped the turn of the Igbo in 2023.
Common sense dictates that he steps down for any Igbo to complete the remaining four years for the south.
Obasanjo used the turn of the southwest in 1999-2007.

If I may ask, who is the Igbo in APC that Tinubu would resign for?

Saying Tinubu (APC) should resign and hand over to Obi (NDC) is the peak of the Olodo Uprising we see in Nigeria.

Too many ignorant people. Similar thinking is why some sections of the country have not attained the top seat. Sentiment, blackmail, pity‑partying, intimidation, manipulation, or entitlement will not work. The elite should sit down, study the political structure and processes, and strategise. Until then, the wailing continues.

HacheNoire:
We really made big mistakes in the past as a nation!

It is really sad that a Former Vice President can bring up frivolous and baseless accusations against His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)

Atiku was a former vice president— which we all can now conclude was a great mistake. He is aware of communication channels in government, private or NGO establishment.

If Nigeria is burning as falsely claimed, why not follow the communication channels instead of accusing the president about his presence.

So what use will his presence be when we have a structure where responsibilities ante designated?

It’s more sad and appalling that, in 2026, Atiku still believes in presence. His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) can do anything that is demanded of him to do from anywhere in the world.

Atiku should apologize to Nigerians for cajoling us to support his candidacy with Former President Olusegun Obasanjo.

It’s glaring it was a big mistake!

Don't mind him jare.
See kettle calling pot black.

Someone who lives mostly in the UAE. He comes to Nigeria only when he wants to contest. Let him relocate fully from Dubai to Nigeria first.

Bobloco:
https://businessday.ng/life/article/tinubu-time-to-resign-or-be-impeached/?amp

In your dreams.

Olodo uprising. Did they think Tinubu's resignation or impeachment would automatically put their candidate in Aso Rock?

If Tinubu resigns, what does the constitution say? His VP takes over. If the VP resigns, the Senate President takes over. No matter what, APC would continue until the 2027 election.

1vandragon:
What is bat so scared of about his past?

Since the US security agencies are reluctant to release the records, why bother joining the matter if there is truly nothing to hide?

Nigerians deserve to know 'who' their president 'was'...

The question, more or less, is: why are Atiku and co so desperate to see his records? It suggests that Tinubu is so powerful that he cannot be defeated through the regular election process alone – so the only option left is to disqualify him. That, in itself, is an admission of defeat.

Seunn11:
Good response.
It is interesting to note that at 33.10 naira, oando is trading at 0.26% of seplat which is already trading at 12,320.00 naira and at full bid as at today August 28 2026.

It isn't enough to compare 2 companies this way.

📈 Oando vs. Seplat: A Tale of Two Turnarounds
A quick head‑to‑head between these two energy giants reveals a clear picture – two companies in the same sector, but at very different stages of their corporate journeys.

Let's start with the numbers.

📊 By the Numbers
Seplat has roughly 600 million shares outstanding, while Oando has a massive 9.57 billion shares – a key reason why Oando's share price appears lower, but also a sign of its heavily diluted structure.

When it comes to market cap, Seplat leads comfortably at over $5.2 billion, while Oando lags behind. Revenue tells a similar story: Seplat's ₦2.50 trillion in H1 2026 beats Oando's ₦2.06 trillion. The gap widens further on profitability – Seplat's ₦225.5 billion profit after tax is more than three times Oando's ₦68.56 billion.

Earnings per share (EPS) also favours Seplat, with $0.27 (H1 2026) compared to Oando's ₦24.19 (TTM). Seplat's P/E ratio stands at a healthy ~15.5x, while Oando's is just ~1.49x – a sign that the market is pricing in significant risk, likely tied to Oando's high debt load and negative shareholder equity.

On production, Seplat averages 139,509 boepd – over three times Oando's 42,789 boepd. This operational scale gives Seplat a clear edge.

In terms of liquidity, both companies have similar cash positions – ₦598.3 billion for Seplat and ₦544.9 billion for Oando – but Seplat's balance sheet is notably healthier.

Market performance tells the final story: Seplat is up over 90% year‑to‑date, while Oando is down nearly 28%. The market is voting with its feet – rewarding profitability, stability, and a clear strategy.

💎 The Bottom Line
Seplat is the clear market leader – profitable, stable, and well‑positioned for the long haul. It has a proven track record, a strong balance sheet, and a clear growth strategy.

Oando, on the other hand, is a speculative turnaround story. Early signs of recovery are visible, but the numbers show it is not yet a genuine competitor to Seplat on fundamental strength. Its extremely low P/E reflects the market's scepticism, not value.

Seplat is the steady, proven choice. Oando is a high‑risk bet on a recovery that has yet to fully materialise.

Choose wisely based on your risk appetite. 🚀📉

jonnysessy:
Where do people get this money ? I am still at a loss here how can someone execute a single trade of 102,888 units of Seplat at a go and move the price to N12,320.60k. Then who is also the single buyer that was also ready to part with that quantity of units. When things get to this level i really find it difficult to comprehend price movement in NGX. When one is trying to buy just 100 units, some other person is buying 102,888 units. This life no balance. I was thinking that the suspended price movement by NGX was to make stocks of this types more liquid.

My brother, you need to be reading the annual reports so that you can recover from this type of shock and acknowledge where you are as you build up one brick at a time. You will see there how people have millions and billions of units of these stocks. Life no balance at all.

mikeapollo:
Thank you.
It was a careless announcement made out of poor appreciation or reckless abandon of the possible effects and ramifications of such decision.

I suggest you look into the issue. If you do, you will see clearly that if you know what you are doing, you would do the same – even if you don't make the outlandish announcement.

1. The PIA was passed after 13 years, and one of the main issues is subsidy removal.
2. Buhari's administration made no provision for subsidy payment after June 2023.
3. The earlier subsidy payments were financed by loans, and there are still some outstanding.
4. You would have to borrow more immediately to pay subsidy, in addition to every other expense, etc.

The decision is inevitable if you just look past the cowboy and outlandish style of the announcement.

megawealth01:
If Tinubu losses 2027 eh... In MY OPINION it will be end of the road for OANDO PLC... They will go private niye

If he wins omo na ELDORADO BULLS for OANDO

Similar things were said in 2023 when this administration came into power. Now we know better.

The bull run from N12 to N90 was not because of the government in power, but because of the acquisition of the AGIP onshore assets, which started in 2019. Similar to how SEPLAT acquire Mobil onshore assets and Aradel's interest in Renaissance as it acquires Shell onshore assets (SPDC).

So, whether it's this administration or another one, DYOR and know your risk appetite.

eziokwunwoko:
Relocate to Nigeria.
IF Nigeria was too good, come back home
I have notice a trend of South west brothers/ sisters living in UK/CANADA/US saying Nigeria is too good
I encourage them to come home, live in Nigeria, then we will know that THE DIFFERENCE BTW 7UP/ WATER IS CLEAR
I am not a politician.These are hard in Lagos, House Rent is killing us
i rest my case
Oversea brothers

You didn't read my message carefully. The same issue – assumption. I said I have interests in three countries. Nigeria is the third one. I'm not saying Nigeria is perfect, but the data speaks for itself.

megawealth01:
I honestly don't think anybody hates Jagaban. People are only asking for accountability and his government should be soft on the masses...

Sir, I have interests in three countries simultaneously. In the UK, a particular loaf of bread that sold for £1.05 in 2024 is now £1.49 (+42%). In Canada, a particular fruit juice that sold for $1.25 CAD in 2024 is now $2.20 CAD (+76%). No policy somersault, no change of administration – just normal inflation or cost‑of‑living escalation.

Yet salary increases were about 4%, and the stock markets of these countries have not done anything close to what the NGX has done in the last two years.

The annoying thing is that investors from these countries are now flooding to the NGX – yet some refuse to see a good thing and generalise that everything is doomed.

purity2all:
Some good news amidst the bear.

Good news.

As good as it sounds, some will still see it as bad news – hypocrites.

No names mentioned. Just skip and move on.

megawealth01:
Jagaban should listen to the cry of the masses...


Nigerians Are Suffering, Stop Denying It, Anglican Bishop Idowu-Fearon To FG

The president and most of us thought that if he gave more money to the states where people live, multi‑dimensional poverty across the country would reduce. But we have all seen that this is not the case – unless it is just political whining by the opposition.

What is your advice for the administration on tackling the issue of "Nigerians are suffering" or "people are hungry"?

Gotocourt:
Tinubu has been rejected by his kinsmen, how can you block local government funds.

Tinubu is naked right now .

People can be delusional, you refuse to see that it is not an outright loss, over 444K voted/choose Tinubu/APC.

Winner: Ademola Adeleke (Accord Party) secured 511,067 votes, winning 19 out of 30 Local Government Areas.
Runner-up: Bola Oyebamiji (APC) polled 444,815 votes, winning the remaining 11 LGAs. This was the highest vote total ever recorded by an APC candidate in an Osun governorship election.
Third Place: Najeem Salaam (ADC) came a distant third with 17,180 votes.

awesomeJ:
If something tastes bad, shouldn't you spit it out?

That's why I suggest you block me so you don't get such poor taste anymore.

What was the last stock pick you gave?

Aren't you seeing the flaw in your over anxious position?

Of your last 10 posts here, how many of them had stock picks, and how helpful were they?


Obviously I agree derailing is bad, but at thesame time, there's a reasonable threshold before you should start jumping.

Plus, the original post on the subject sef was to tell people who debate politics here they could put their money where their mouths are and reduce how much they debate here.


As long as you can't prove that 100% of the posts here have stock picks, then you need to relax sometimes or Just block my moniker and rest.

You're taking this too far. I mean no harm. I am sorry, o.

I don't give picks because I believe I am not competent or exposed to such opportunities. But I come here regularly to read and ask questions for my personal portfolio management, and several great people – including yourself – have been benevolent and generous enough to recommend and answer me precisely, and for that I am very grateful.

Some of the last questions I asked were about Geregu, NIDF, Aso Savings, etc., and they were answered explicitly. I made decisions based on them.

awesomeJ:
Calm down.
Go to my profile, you'll see a block button you could use there.


I don't think the post count are enough for your flagging yet, neither do I think you've contributed enough here to wield this policing you're trying on the thread.

Oga, I appreciate your contributions on stock-related matters, but bringing betting here is in poor taste. It's the same Nigeria style – instead of acknowledging and desisting when called out for doing something wrong, the next response is, "Who are you? Do you know who I am?"

awesomeJ:
Bayse.

But note that I'm only experimenting there, they're neither established nor regulated as far as I know. Technically, funds in your wallet may evaporate with no one coming to your rescue.


I intend checking out Signal which is a similar product by Busha. Busha is regulated by the SEC as a VASP.

There are several similar threads under the Nairaland investment section. Could you please create a separate thread for your experiment? Concentration on NSE picks is what made this place thrive and sustainable. Biko.