₦airaland Forum

that woman prayer actually work in your life oh. Olorire omo

raumdeuter:
This was a scenario that actually happened to my own family

My Grand mother lived in the North for most of her life and just visits for 2 weeks once a year. towards end of her life she was sick and had to live with us for over 4yrs till she died in 2000. For most of my late secondary school years , waiting for admission and when she died, I was the one who took care of her mainly, Washing her clothes, All her hospital visits, giving her medicine, writing her letters(she will dictate to me and I will write it) was done by me. Actually I was the one who gave her the last meal she took, I will lift her head up and fed her Ogi. Until 2 days before she died when I noticed she couldnt swallow the Ogi anymore

In this your situation, where would you have kept your mother(if you were my dad) who needed end of life care as she was a widow at that time, needed help with movement and medication. Would you rather pay for 24hrs round the clock nurse for her in a separate rented house to be done by Nurses who probably dont care

nickae:
But you said the interest is paid upfront; does it mean I can't withdraw only the interest and leave the capital?

Yes, you can absolutely withdraw just the interest. In fact, your interest is paid upfront and is available for immediate withdrawal. However, please note that if you decide to touch the capital before the maturity date, a penalty equal to 35% of the interest amount will be deducted from your principal

nickae:
@harrykewell, help us answer this na.

es, there is a penalty on the interest already earned if you liquidate before the agreed maturity date

Beeron:
Your balance sheet and loans portfolio means nothing if I don't get detailed break down and the income statement as I requested to see how things adds up to your bottom line— Revenue, net income, impairment cost etc.

I won't let my investors risk their funds in your bank when your core earnings is from your business. Even Unilever with billions of excess cash still park those cash into interest earning securities and I still don't let my investors hold Unilever stock long term due to Nigeria unstable macros and how it affects FMCGS.


Secondly, you made mention of you guys deploying liquidity into bank placement to power your jollof+ plan — how is that different from the regular MMF these guys do here, I doubt if your bank will always get better overnight rate than some of these big MMF fund managers.

Even without going further I already deduced what I suspected from your response.

Thank you for the response. I completely understand and appreciate your perspective as a finance professional.
Because of that background, I am sure you will agree with me that some infos are best not broadcasted on a public forum like this.
Providing a detailed teaser package is absolutely not a problem, but it belongs in a secure, professional setting. I have sent you a private message so we can transition this to a call or where we can share the necessary documents and have a proper, data-backed discussion.
Looking forward to connecting with you.

Beeron:
since we don't have access to your income statement because your bank in not a plc.

Can you tell us the following?

1- what's you bank main source of earning? Interest earnings or core business earnings?

2- what interest rate averagely does your bank loan to creditors?

3- Has your bank ever issued commercial paper before? If so, when was the last time?

4- I wish I had I access to your loan books but I can't so — what is your bank impairment cost?

5- what securities does your bank invest excessive cash? Is it SDF, OMO, Bank placement, Tbills or state clearly where your bank invest.

6- Lastly, what was your bank revenue and net income for last year?


Well, I am obliged to ask these questions because I have my own investors I cater to — I do my due diligence when it comes to stocks and other investments, I take my time to study balance sheets, income statements and other fundamentals. So please do us the honor to explain.

We are a leading inclusive finance institution in Nigeria with an ₦80 Billion balance sheet and a ₦60 Billion Gross Loan Portfolio across a robust network spanning 16 states. Our core earnings come from short-term micro and SME loans, which feature a monthly interest rate structure averaging 3.5%–4.5% for working capital and 4.5%–7.5% for asset loans. While we have no history of issuing commercial paper, our healthy credit quality is proven by a Portfolio at Risk (PAR 30 days) tightly managed at approximately 2%. Rather than investing excess cash in TBills or OMO, we rapidly deploy liquidity back into our high-yielding loan portfolio and local bank placements to power digital products like Jollof+, which captured ₦7.4 Billion in net savings. Our financial strength is backed by reputable domestic and global institutional partners like the Development Bank of Nigeria (DBN) and the International Finance Corporation (IFC), which can be easily verified on Google. I work directly at our Head Office and warmly invite you and your investors to visit us for a physical inspection to conduct your full due diligence . Our Annual report is online for you to download . I have sent you a pm sir

Princewalexy99:
While this could appear somewhat attractive, most micro finance institutions are vulnerable to operational issues. If issues occurred, the guaranteed and protected amount of money by NDIC on huge savings is not more than 2M.

Even though Jollof+ offer of up to 21.6% annum on locked savings can be significant, it still needs a very critical reflection. Imagine a friend of mine was telling me if he deposit about 50M for a year, then he would be credited 10.8M upfront and could immediately reinvest the 10.8M interest on MMF. Now, if anything goes wrong, the decision leaves 48M of the 50M vulnerable to loss as only 2M is guaranteed of recovery.

So any decisions taken on this should be a reflection of informed choice.

The ₦2m NDIC limit is a fact, and more investors need to scrutinize financials exactly like you are doing.
I work with Baobab, and I highly encourage you to do your independent research. Here are a few quick facts to help:
1. Institutional Strength: Baobab is part of a global group. Our annual reports are fully public online, and we are audited by Big Four firms. You can easily inspect our balance sheet and interest expenses yourself.
2. Test the Waters: You dont have to lock your fund for a whole year. Jollof+ allows flexible tenors. you can test our liquidity and payout speed with a 1-month or 3-month fix first to minimize risk.
3. Open Invitation: I am completely available to answer any tough questions or provide data. If you are in Lagos, we can even meet in person at our Head Office on Ikorodu Road to walk through everything or call me or chat zero eight one four eight four six five two four seven
Take your time to do your findings, and let me know if you need any clarification!

munezo:
Is this product under the regulatory radar of SEC?

No, Jollof+ is regulated by the CBN, not the SEC.
Because it is a savings product from Baobab Microfinance Bank, it is licensed under standard banking laws and insured by the NDIC. Baobab mfb is national license microfinance bank.

Mixology:
I prefer mmf because of easy access to the funds

if you do call deposit, you will be able to access your fund with ease too

Gotocourt:
What's the name of the package/Plan? Which Bank?

The bank is Baobab MFB, and the product is called Jollof Plus. I would be happy to guide you through downloading and setting up the app. Alternatively, if you would prefer to meet in person, you are welcome to visit me at our head office in Onipanu, where I can personally assist you in securing a better rate chat zero eight one four eight four six five two four seven.

vanvickie:
Hi everyone... Please I have 2 questions...

1. How can I open an account with coronation mmf, trust banc and STL. Do I need to download any application? (I already have first ally, but looking to diversify)

2. In terms of ease of opening account, customer service, ease of doing business with them, withdrawal and deposit turn around time and general efficiency... How would you arrange the three or based on the one(s) you are using.. How will you rate them?

Your response will be highly appreciated.

good afternoon sir, I am a banker and I can tell you confidently that i can gjve you rate better than all the listed financial institution. We can meet in my company's head office or we chat and do everything online. Thank you sir

Alkason:
I will come to your office.

. Good evening sir, i will be expecting you sir. I will be sending you a pm now.

Mixology:
I prefer mmf because of easy access to the funds

If you don't mind sharing, what is your current MMF yield? As a banker, I’d love to see if I can match or beat that rate with a call deposit.

Love800:
What is the difference between mutual funds, fixed deposit and shares please?

Fixed deposits are like lending your money to a bank for a safe, guaranteed reward; shares are buying a piece of one company to grow with its success (or fall with its failure); and mutual funds are like chipping in with a group to buy a basket of different investments managed for you.
N.b currently fixed deposit returns are higher compared to mutual funds

Earn up to 24% per annum with one of Nigeria’s top 5 microfinance banks. Why wait? We pay your entire interest upfront and return your capital at maturity. With a presence across 16 states, we offer the industry's most competitive rates. Secure your guaranteed returns today.

Mixology:
My plan is simple, I wish to build up my equity portfolio up to like 15-20m after which I’ll be taking 50 percent of my profit every year end and reinvesting it into my mmf which is my retirement account.
That’s my strategy for now, although I may adjust it later.

good evening bro, instead of investing in mmf, invest in tixed deposit as they offer higher returns and certain. Most mmf are paying 18 percent while we have foxed deposit above 23 percent today.

sharone21:
Thanks for this.

Please, what range of amount for the 18-20% interest.

Sure MFBs gives better rates than conventional banks.

Is this Baobab both an app and website or physical visit to the bank for deposits etc?

Thanks

Good day, Baobab has a mobile app where you can conveniently manage your investment. For investments exceeding ₦50 million, we offer attractive rates above 18%. Kindly contact me on 08148465247 or visit our Head Office at 129 Ikorodu Road, Onipanu, Lagos for further discussion with me.

I am an official staff member of Baobab Microfinance Bank. To eliminate any fear of online scams, you do not have to process anything blindly.
You are fully welcome to walk right into our branch to meet me physically face-to-face. We can sit down, discuss your investment goals, verify my official corporate ID, and fill out your paperwork together right inside the bank.
🏢 Where to find me: Baobab MFB Head Office/Branch, 129 Ikorodu Road, Onipanu, Lagos.

Hello Nairalanders,

With inflation and currency fluctuations affecting savings, keeping cash idle in standard commercial bank savings accounts (earning 4-5%) means losing money daily.

If you are looking for a secure, institutional home to park your funds while earning premium returns, Baobab Microfinance Bank is currently offering highly competitive rates on our Fixed Investment Portfolios.

📊 Our Investment Offer:

• Standard Fixed Deposit Rate: 18% per annum
• Premium Rate (For Large/Institutional Deposits): Above 20% per annum (Negotiable based on volume)
• Tenor Flexibility: Options ranging from 30 days to 365 days.

🔒 Why Invest With Baobab? (The Safety Check)

We know the first question every smart investor asks is: "How safe is my money?" Here is why you can invest with absolute peace of mind:
• National Licensing: Baobab is a fully licensed National Microfinance Bank regulated by the Central Bank of Nigeria (CBN).
• NDIC Insured: Your deposits are fully protected and insured by the Nigeria Deposit Insurance Corporation.
• Proven Track Record: We are part of the Baobab Group, a leading digital financial services group operating across Africa.
• Upfront Interest: You can choose to collect your interest upfront or at maturity.

💼 Who Is This For?

• Individuals saving for long-term projects or wedding/school fee cycles.

• Corporate organizations looking to optimize yield on their idle working capital.

• Diaspora Nigerians looking for a verified, secure local asset class yielding double digits.

How to get started or request a custom quote:
If you have a large deposit and want to negotiate a premium rate above 20%, please send me a PM (Private Message), reply directly to this thread, or reach out via:
📞 +2348148465247
Let's discuss how to maximize your portfolio yield safely.

freeman67:
The Koko is for everyone to know their risk appetite ooo. In fact Commercial Papers are still within the range of 18% but one needs to have the required minimum and have a huge risk appetite.

Similarly, with Fxed Deposit need a substantial sum to be able to negotiate a higher rate that the general average one. Also, the firms that give higher rate than the general average are mostly microfinance banks.

Spot on. I worked with Baobab and can tell you firsthand that our rates were much higher and better than what you typically find in today's market

Oluseun234:
Seems you are investing in Stanbic MMF right?

Here is my question:

Pls I want someone who has been using Stanbic Mutual Funds to date to answer this for me: I was advised to open Stanbic Mutual Funds in my city of residence. I went to their regional branch and was asked to see a lady they claim handles mutual funds, regular savings and fixed deposits. This is my first time with them so I opened a regular savings but I'm told that mutual funds rates are not stable and may crash to the point that I may find the net return undesirable so I should go for fixed deposit for 6months or more. I was confused but they said mutual funds is not stable as I assumed. I chose 6 months which is 13.5% and was told this was non-negotiable. But I have not deposited any amount in my regular savings for them to move the money into fixed deposit because I don't have an online app to do this from my current bank but I have filled the form for a 6month fixed deposit at 13.5 % and will activate once I deposit 4M into my Regular account. Then I was told that to deactivate both fixed and mutual funds, I still have to come to their branch to do so in person due to fraud concerns. How true is this esp for Mutual funds? Well, that is not an issue so far one's money is secured but pls what do you all have to say regarding the mutual funds Yield vs Stanbic Fixed Deposit. Thanks.

Good morning. There are banks that can offer you a much higher return on your money, and one of them is Baobab Microfinance Bank. I am an employee of the organization, and we have over 38 branches operating across 16 states in Nigeria.
Our head office is located at 129 Ikorodu Road, Onipanu, Lagos. You are welcome to walk into our branch to set up a fixed-term investment with us. Your funds are highly secure as we are fully insured by the NDIC and regulated by the Central Bank of Nigeria (CBN). Globally, our group handles billions in financial transactions annually.
For large funds, we offer highly competitive interest rates ranging from 18% to over 20%, with guaranteed safety on both your principal capital and interest. Please feel free to visit me at our Onipanu office or call me directly at 08148465247 when you visit us.

I really the link boss

SonofElElyonRet:
Come and connect me to your stock broker that offers shares pre lifting of suspension a la Zichis

I’m looking for someone to help with outbound my domain to end users. We can discuss payment terms - either an upfront fee, a revenue share, or a combination of both. If you’re interested, please reach out to me at 08148465247.

Thank you so much

SohSoh:
DATE : 17 MARCH 2026

BUY RECOMMENDATION : INDUSTRIAL & MEDICAL GASES NIGERIA PLC.

Ticker: IMG  |  NGX Listed  |  Sector: Industrials / Healthcare.
CURRENT PRICE : ₦36.00 | Hold Period : LONG TERM.

Industrial & Medical Gases Nigeria Plc (IMG) is Nigeria's dominant industrial gas company and the only quoted industrial gas player on the NGX.

BUY RECOMMENDATION and a long-term hold from the current price of ₦36.00.




Business Model — B2B (Business To Business)

IMG operates exclusively as a Business-to-Business (B2B) entity — zero retail or consumer exposure. Every naira earned comes from institutional, commercial, or industrial clients, creating a revenue profile that is structurally predictable, and recurring.


Why the B2B Model Creates Durable Competitive Advantage

1: Long-term supply contracts: Hospitals, refineries, and breweries sign multi-year agreements — revenue is locked in.
2: Infrastructure dependency: When IMG installs a Medical Gas Pipeline System (MGPS) or bulk cryogenic tank, the customer is captive for the life of that infrastructure.
3: Switching costs: Replacing IMG requires physical infrastructure change, equipment revalidation, and regulatory re-approval.
4: Regulatory moat: ISO 9001:2015 and FSSC22000v.5.1 certifications create barriers that new entrants need years to obtain.

CUSTOMER BASE & SECTOR ANALYSIS : SEE IMAGE BELOW

IMG's customer base spans Nigeria's most critical industrial and institutional sectors. The diversity of its clientele, from multinational oil majors to federal teaching hospitals to multinational beverage companies, provides exceptional revenue stability and cross-cycle resilience.


SECTOR:

1 : Oil & Gas : N₂ inerting, welding gases, specialty gases
2 : Food & Beverage (FMCG) : CO₂ carbonation, N₂ packaging
3 : Healthcare : Medical O₂, MGPS installation
4 : Manufacturing & Cement : Welding gases, O₂ for kilns
5 : Power & Energy : H₂, N₂ for turbine cooling/insulation
6 : Engineering Services : MGPS, customer engineering


COMPETITIVE LANDSCAPE

NGX-Listed Peers : IMG occupies a singular competitive position on the NGX. There are no directly comparable listed industrial gas companies in Nigeria.


PRODUCTS & SERVICES :

PRODUCTS : SEE IMAGE TABLE BELOW



Services : Engineering & Value-Added Services

• Medical Gas Pipeline Systems (MGPS): Design, installation, and commissioning of piped medical gas infrastructure — high-margin, sticky service with enormous growth potential given Nigeria's PHC upgrade mandate.

• Customer Engineering Services: Bespoke gas application optimisation — cited by Dangote Group's Director of Manufacturing as delivering significant production efficiency gains.

• Safety & Risk Management (SHEQ): Gas hazard assessments and risk frameworks — confirmed by Nigerian Breweries' Head of Safety as mission-critical.

• After-Sales Support & Installation: Ongoing maintenance of cylinders, cryogenic vessels, pipeline systems, and bulk tank installations.

Government Catalyst — February 2026

₦98bn Disbursed to Nigeria's PHCs :: President Tinubu confirmed over ₦98 billion disbursed to support operational expenses for over 8,300 Primary Healthcare Centres in 2025, with plans to expand to 13,500 PHCs nationwide. A further 2,565 centres have already been upgraded, with 1,456 currently undergoing renovation.

Why This Directly Benefits IMG

1 : Every upgraded or new PHC requires medical oxygen cylinders and ongoing supply.
2 : Fully equipped PHCs need Medical Gas Pipeline Systems (MGPS) — IMG's highest-margin service.
3 : 13,500 PHC target = thousands of new long-term institutional customers.
4 : ₦2.56 trillion healthcare budget allocation in 2025 signals a decade-long demand pipeline.
5 : IMG holds dominant market share in MGPS installation — no credible domestic competitor

Financial Performance & Analysis : (SEE IMAGE BELOW)

IMG's FY2025 financials tell a story of structural improvement at the operating level. Revenue was ₦8.38 billion while gross profit grew to ₦4.08 billion, a gross margin of 48.7%, up 220 basis points from 46.5% in FY2024.

• Cost of sales was reduced by 4.1% and selling and distribution expenses were cut by 19.6%, reflecting meaningful operational discipline.

These improvements demonstrate that the core business is becoming more efficient and more profitable on a per-naira basis with every passing year.

On the balance sheet, the transformation has been nothing short of extraordinary. Total equity has more than doubled to ₦11.78 billion, the company has moved from a net debt position to holding ₦2.16 billion in net cash, and book value per share has grown to ₦16.12. The ₦3.2 billion invested in property, plant and equipment in FY2025 — with a further ₦7.57 billion in the capital investment pipeline — positions the company for meaningful revenue growth as new capacity is commissioned through FY2026 and beyond.

Corporate Actions & Governance

Rights Issue (2025) — The Defining Transaction
In 2025, IMG executed a rights issue of 199,797,458 new shares at ₦32 per share .
The issue was 90.9% subscribed, raising approximately ₦5.8 billion net after expenses.
• Increased total equity by 99.2% from ₦5.91bn to ₦11.78bn
• Reduced borrowings by 97.5% from ₦5.33bn to ₦135.7m
• Eliminated annual finance costs of ~₦700m+
• Increased shares outstanding by 46.4%
• Positioned the company for debt-free growth financing.



Bonus Issue & Dividend History : SEE TABLE BELOW


INVESTMENT RECOMMENDATION — BUY
CURRENT MARKET PRICE: ₦36.00 (LONG TERM)

IMG is not merely an industrial company — it is a critical national infrastructure asset wearing the clothes of a mid-cap stock.

1: It provides the oxygen that keeps Nigerian patients alive.

2: the CO₂ that carbonates the drinks Nigerians consume daily.

3: the nitrogen that protects oil pipelines from combustion.

4: the argon that welds the steel structures of Nigeria's industrial economy.

This essential utility company, combined with a 65-year operational moat, zero debt, ₦7.6 billion in committed capital investment, and powerful government-driven healthcare tailwinds, makes IMG one of the most compelling risk-adjusted opportunities on the NGX today.


The (4) Four Pillars of Our BUY RECOMMENDATION

• PILLAR 1 — DEBT ELIMINATION: Finance costs that consumed ~₦700m annually have been permanently removed. FY2026 earnings will benefit directly.

• PILLAR 2 — CAPEX PAYOFF: ₦3.2bn invested in FY2025, with ₦7.57bn in WIP assets. As this capacity is commissioned in FY2026, it will drive revenue growth on a near-zero marginal cost basis.

• PILLAR 3 — HEALTHCARE MEGATREND: 13,500+ PHC upgrades mandated by the Tinubu administration create a decade-long demand pipeline for medical oxygen, MGPS installation, and gas supply that IMG is uniquely equipped to serve.


• PILLAR 4 — MONOPOLY MOAT: As the only NGX-listed industrial gas company with national production infrastructure, IMG has no domestic listed competitor.  — built over 65 years.

Tochex101:
Lucky you.....if we take a thread census now,the data would be easy to analyze.
As yours peaked, some others plummeted and in some people's case it remained static.

We can't say things have gotten better with this monthly grid collapse or power infrastructure vandalism which takes multiple months to put right.

Millions of people remained in perpetual darkness in some northern states for many months this year, heck I think I even remember reading about the woes of bayelsans recently too.

light has improved a lot in my area too

Good morning, please i want to send you a dm

nwaobitex:
Hi, please can anyone recommend me good schools to apply for someone that is looking for funding phd/masters in computer engineering. He got a good gre score (330), 2:1 GPA not evaluated yet.