₦airaland Forum

emmanuelewumi:
Me sef dey take my Trophy and enjoying Fela's songs

All making of money and not enjoying oneself now is not good. God forbids one passes on, others who don't know all the strategies used to make the money will squander it.

Lesson learnt: In the journey to make money, ensure you take out sometime for yourself. Afterall it is ones money

Mankind2024:
As Awesome is ascending the path of Ololo et al , I am busy with Presco goat here.
Sending audio invitation to all.
I can't imagine the tax implication of buying a xmas goat in Dec 2026!!!!!

So, this video Presco goat is real. I was thinking is was audio goat. The butcher later changed their mind and arrived as earlier planned. @ Mankind you need to drop the exact location. Abuja is big. Please be a little more specific for the invite. I will be working on my own Presco cow by Easter, if i can't make it. Then December 2026 will not pass me by.

Lesson learnt: Hold your stock patiently and continue to compound. That is when you land a good company.

Sunrisepebble:
N3+ div, 1 for 5 bonus issue.
NFA/DYOR

You be great man.

I understand that the NGX closes 12:30pm today and not 2:30pm. Let's make hay while the sun shines. There is still 5 more trading days before the end of the year. I wish you my NSEMPA brothers and sisters a Merry Christmas and Happy New Year in advance.

Mankind2024:
A Valuable Lesson from Madam Flo
Madam Flo is a popular online financial influencer known for sharing insights on personal finance and investing.

Recently, she posted a video on her channel discussing how she decided to sell what she considered her "junk shares." In the video, Madam Flo revealed that she had purchased 26,359 shares of First HoldCo in 2007. Over the years, the stock had dragged down her portfolio's performance due to its modest "kobo-kobo" dividend payouts.

She went on to explain that First HoldCo reported an earnings per share (EPS) of ₦18.69k in 2024 and paid a dividend of ₦0.60, subject to a 10% withholding tax. Frustrated with the slow growth, she exited her position entirely in June 2025.

What caught my attention was a comment from another user: "She sold a winner to buy a loser—the era of kobo dividends in First HoldCo is over."

As Charlie Munger wisely said, the stock market does not destroy investors; rather, it is the behavior of investors that primarily destroys wealth.

Fast forward to today: Madam Flo sold her shares in First HoldCo, effectively handing over her position to a more patient investor. If that buyer were to sell now (in December 2025), they would have already realized over 50% profit, given the stock's strong appreciation since June.
Patience and discipline with quality compounders and avoiding impulsive reactions to short-term frustrations is a behavioural strategy in the market.

Madam Flo, who clearly loves building wealth, is likely regretting her decision to sell what turned out to be a compounding gem.

**The key lesson here:** Avoid following the crowd or reacting impulsively to short-term frustrations. Stocks like First HoldCo and Access Holdings (ACCESSCORP) are classic compounders—they ignore market noise, trader sentiment, and fleeting opinions. Every 6 to 18 months, they quietly do what they do best: compound value steadily over time.

Patience, not timing, often separates successful long-term investors from the rest.

You can watch Madam Flo's original video below for more context.


https://www.youtube.com/watch?v=_SpnjwFqV0M?si=VddYtie8DIZESCVj

What she lost was small compared to what some of us had lost in the market. There was a time Firstholdco was the largest share i held in my portforlio (days where they were churning out dividends). Their dividend pay was also one of the best in the sector. But, then came Zenith and GTCO strong showing in stock price and good dividend. Before you know it they had upstaged Firstholdco ( even till today). I thought i could be patient with Firstholdco, being my very first banking stocks and thinking of all the dividends and bonuses i had received, but i later realized it was not making any sense, the price of Firstholdo had fallen far below it peers. I had no other option to exit all my holdings ( afterall i am not the owner of the bank). I used all the proceeds to buy Zenith bank. I feel it was a wise decision and i still feel better for it. Yes, somehow the price of Firstholdco is coming up but, it can't make up for all the price depriciation and it can definitely not meet up with the present day Zenith bank. Reshuffling portfolio is part of the game. When your expectations are not met you move on.


Lesson learnt: You are in stock market to make money. When your expectation are not met you can cut your losses and enter another stock. You are not the owner of a company so you are not expected to die with the company. Don't be carried away by name and sentiment. Your major objective here is to make money.

sboga:
MTN will be acquired in 2026 or latest 2027
watch.

remember d pesin dey tell u since
d dark was comin

You decided today to write something a bit meaningful today or is it someone using your handle

Agbalowomeri:
ACCESS will not pay dividends until 2027 and you expect the share price to do 50%😂

The rate at which you keep hammering that Access will not pay dividend till 2027. Is there something you know that we don't know ? They only missed out interim dividend 2025, that doesn't mean they won't pay dividend in 2026. Some of us look foward to these dividends as it is the icing on the cake of our investment

All work and no play, make Jack a dull boy. With all the inspirational massages from Mankind, i never thought you have time for lyrics like this. Thought you are only for motivatonal books. 👍👍

Mankind2024:
This forum is really dull today.
Make u na enjoy shaggy featuring Rayvon

Girl, you're my angel, you're my darling angel
Closer than my peeps you are to me, baby
Shorty, you're my angel, you're my darling angel
Girl, you're my friend when I'm in need, lady

Life is one big party when you're still young
But who's gonna have your back when it's all done?
It's all good when you're little, you have pure fun
Can't be a fool, son, what about the long run?
Looking back, Shorty always a-mention
Said me not giving her much attention
She was there through my incarceration
I wanna show the nation my appreciation


https://www.youtube.com/watch?v=XWJrPzAUzAs?si=5O-R8QocT5Xa_HqL

SonofElElyonRet:
FCMB to raise fresh N400b

What do they need that much for ? I thought they were on the verge of completing their N500 billion capitalization drive. So, does this mean that they have have just N100 billion capitalization. Just asking ?

I am seriously thinking of offloading my Fidelity Bank shares. Not hearing any update about their recapitalization. I also fear for dilution of shares. Access is another shares on my watchlist that may go. I don't understand the increase of capitalization after meeting up CBN recapitalization exercise.

Mankind2024:
Lol.
I sure say Paul Jegede for done drop your own Emilokan, Japaul golden Ram. 2025 Xmas.

Na Presco drop this one for you ?

Teenaira:
In report, chose portfolio valuation summary report. The return is right there.

Thanks for this answer. I will try it out immediately. Learning remains a continuous process. Kudos to the guy that also asked the question.

Mpeace:
lol. When ote$ is involved? Pls retract your statement.

I won't. Though, there is a saying " never say never". If this ever happens, i sell off my stocks and retire to my village. Go and save this post.

jideflash:
God of St. Hebert Wigwe, see how they are mocking us.

This is what happens when the owner of a business dies. I think i will just convert my Access to either UBA or Zenith bank. UBA will be 1/2 of Access or 1/3 of Zenith.

Mpeace:
So FBNH don over take UBA. Next is Zenith, then gtco lol

I don't think that can be possible. GTCO and Zenith are not in the same league as Firstholco.

Does anyone here have any information about Firstholdco. It had even overtaken my beloved UBA, thank God the UBA is trying too. But First had gotten ahead

EDUECO:
Accesscorp is doing fine.

Access is not doing fine o. Access that i started acquiring since 2023, am still on average price of N20.65k. In today's present price am at a loss o. Yet, they didn't pay me interim dividend this 2025.

BuchyD:
Real Santa rally!..... Where art thou?😀

CGT had taken Santa rally this year. Just cross you fingers and wait for 2026. We all are waiting to see how this new tax law will unfold

nosa2:
Two inefficient portfolios asking themselves who is more inefficient.

nosa2:
You suppose open index fund. 25 stocks is very inefficient in my opinion

So what do you say to 40 stocks in my portfolio ? Jack of all trade, master of none
Well, i am only trying to be everywhere. I am kind of difersifying. But, in the long run will trim it down to 20. Picking the best in every sector

yMcy56:
Is bull creeping in small small?
NB, MTNN on the front seat earlier....

I am enjoying the bull in MTNN. Is there any news of something ? Taking profit is on my mind o

mails4funshi:
Pa Emma from his response cares about volume of shares (for the type he invests in) and not the price. Do not forget he bought very cheap and can afford to dilute at any price he finds good enough (My learning).

The owner of the Presco had answered. You can at least check the post before mine. The man said he missed the opportunity of increasing his holding to 120,000 units. That was as a result of fallout of the selling of the 16,000 units. I don't know why this is so difficult to understand. I rest my case.

mails4funshi:
Pa Emma: You got back the 16k units sold via the RI. Well calculated investment.

Learning activated.

I beg to disagree. Once you sold any stock, it is gone. If you are entering again it is different. Either you enter at a lower price or higher price. Meanwhile, the 16k earlier sold reduce his RI. His right ought to have been more were it not sold.

ositadima1:
I can tell you that this statement is flawed. There are people who genuinely add value here, and there are others who just monkey-hunt. If you’re the type who takes signals, your job is to filter what’s useful from what’s not. I can mention a few people who are consistently selfless in their contributions, Pa Emma is one of them.

I may have made a generalized statement here. But, in every rule there are always exceptions, I very much agree with you that there are some individuals who gives some good calls here. My point is the ones genuinely adding that value are really very few. When majority here tries to pump and dump stocks on you, the few ones that gives good calls become insignificant.

deathwing:
I don’t consider anybody here a guru. I’ve been doing investments long enough to know that you win some and lose some. And only a clown would declare themselves guru of a stochastic (no pun intended) enterprise. I am very fine with modest returns (as long as the exchange rate is stable) I come here for entertainment, random bits of information I’m too lazy to find out myself and because you guys can be really funny sometimes, even if you don’t know it (the whole kpakus thing dey always mud me

I don’t even know what JAPAUL and ROYALEX that people here are always screaming do as a business. They sound like roadside phone shops 🤣. I bought my three stocks before ever coming on this thread and I intended to stick with them for years to come.

That is the spirit brother. Here is for catching cruise and sometimes you might just stumble on an information you don't have. No man can rightly predict this market. 👍👍

deathwing:
Lol. So what’s the point of the financial advice if it’s not financial advice and if you won’t tell the people you are leading when you have sold? 🤣🤣🤣

The earlier you realize you are on you own in the investment world the better for you. All the people you guys refers to as guru and Ogas on this thread are not here to render any form of assistance to you. They are here to make money. Hence, they feel there should not be any free handouts. That is why you remain the CEO of your portfolio. I will advise you remain with strategy and some stocks that had worked for you in the past. Once in a while you may see few who will drop some previledge information on the thread. It took me quite a while before i understood this. There was a time i entrusted my portfolio in the hands of a brother because i thought he was better on investment issues. But, later i realized with more dedication i could do better. Hence, i took over my portfolio. The rest they say it is history. My point is nobody have your back in the investment world but you.

Lesson learnt: There is no free meal, even in Freetown

yMcy56:
Lol.
I read something positive in that regards somewhere, but cant remember or pay hands on it again.

Someone or an entity has been distributing UPDC @4.80/4.81 for the past few trading days now.....
Some cross deals also observed.....
When something like this is going on, then there are some things going on in the background......
We are observing as e dey go.....

Meanwhile, Zenith has been showing strong momentum since last week, so also some few other stocks....

I wish i had some cash, i would have just jump in. When you see all stocks in a sector trading in large volumes and also having price appreciation, it means something is cooking. One may really not have the news yet, but it will later become public knowledge. Maybe, by then a lot of investors had already taking positions,

nosa2:
Fear is slowly turning to greed. Anybody that panic sold last week and is feeling the need to buy back this week needs to hand their money over to a mutual fund or some other fund manager. This game is not for them

All the stocks on ETFs are also not doing badly today. I guess a lot of retail investors are keying in on those platforms as retail trading these days is not really predictable.

yMcy56:
The Reits are all green and looking up in market.....
Any favourable policy driving this?

* Quite a lot of activities in UPDC since last week as well.

I also have been observing this. I was even thinking that someone like you will look into her crystal ball and tell me what is happening

Zenith Bank, Access and UBA are not doing badly today, my portfolio will definitely be in green territory considering my holdings on the mentioned stocks.

Valthegreat:
I didn't receive MTN Nigeria's dividend. Since I returned to NGX this year every company I qualified for their dividend has paid into the account number I provided to my stockbrokers without my having to fill any additional e-dividend form. What might be wrong with Coronation registrars, I thought investors here rate them highly?
Please who knows their email address so that I can contact them to release my patience benefits?

Customercare@coronationregistrars.com

zendi:
Exactly, if they announce reduction to say 15% now you will see the father of all bulls in the market.
How can you be imposing oppressive taxation on the few people that play the market while lamenting that more people play Baba Ijebu and Bet9ja than in Ngx?

They should not just impose any tax. The 10% charge on dividend does it not go to Government ? Whatever reduction the new committee comes up with to me, will still amount to double taxation

All these is just to please their tax master. Why Nigeria is not progressing is that Government goes abroad and do cut and paste of blueprint of policies working abroad to enslave their citizens. But, they look away from the good sides that will benefit the masses. How can you compare our climes with people that have good roads, stable electricity, having pipe borne water, good medical facilities, reduced crime rate. Here bandits will not allow citizen rest, farmers and cattle rearers are there, kidnapping is on the increase. You can't talk of reducing cost of governance. Corruption everywhere in government circles. You want foreign investors to come in and the best you could do is to introduce one CGT to rake out 30% from investors. I had said it earlier in one of my post that the government was trying to kill the NGX with this introduction and that if nothing was done the red on NGX will not cease. That was why so many capital flight from the market. Well, we watch to see what the new committee will come up with. As for the Mr Oloyede Taiwo, he failed completely with what he came up with and was unable to clarify issues raised in all fora. But, if i may ask was he the only man left to decide the fate of Nigerians. Did he not work with anybody ?
My only solace remains in the fact that if heaven wants to fall, it will fall on everyone. That was the singular reason i remain calm. I refused to sell or buy more. Rather i was watching to see how everything will play out. Still watching.

This is a very nice summary for the year, though the year has not really ended. But, we just have a few trading days left and i believe that nothing much is expected from this market. The dividends have come and gone, almost all quarterly result released hence, i suspect no new news to redirect the market. @Mankind you will not do badly to write a book. Even if it means writing on your experience on the NGX. I always love to read your piece (though, sometimes lengthy). Though, you failed to add a critic who believe the market will come to an end because he feels Nigeria has failed as a nation. Keep it up

Mankind2024:
2025: The Year That Changed How We Think About Savings and Investments

As 2025 draws to a close, Nigerian investors will remember it not merely as another calendar year, but as a profound classroom—one that taught hard, unforgettable lessons about patience, temperament, and the true meaning of capital.

The year began with an indefatigable bull run that felt almost destined. Stocks soared, portfolios swelled, and optimism filled the air like harmattan dust. Then came the whisper—regulatory forbearance. In chat groups and trading floors, the rumour spread like wildfire: banks under forbearance would be barred from paying dividends. Naïve hands panicked and sold. The bears growled, quoting the old trader’s adage: “Buy the rumour, sell the news.”

But as the Central Bank and the regulators spoke clearly, truth emerged. Most of the affected institutions had already made adequate provisions years earlier. The feared dividend ban never materialised in the apocalyptic form many imagined. The index dipped, shook off the dust, and within weeks the bull was charging again—stronger, almost defiant. What could have been a devastating crash turned into a mere pause, a hiccup swallowed by the larger uptrend.

Then came the real body blow.

In the middle of the rally, the Finance Act 2024 was signed, introducing a retrospective Capital Gains Tax on securities transactions effective January 1, 2026—10% on gains, with rumours swirling of 25–30% in some interpretations. Investors stared at their screens in disbelief. After years of zero CGT on stocks—a silent gift that had lured generations into the market—they were now being asked to hand over a significant slice of their profits to a government whose ability to deploy tax revenue prudently remained, politely speaking, unproven.

Customs Street turned red. Fast.

Portfolios that had doubled or tripled in the bull run shed 10–15% in weeks. The same hands that had refused to sell during the forbearance scare now stampeded for the exits, terrified of the taxman (Taiwo Oloyede) coming for profits they had already spent in their minds.

I sat still.

As a student of the late, great Charlie Munger, I remembered his calm counsel: in periods of market turmoil, the rational investor often does nothing. Interest rates, inflation, monetary policy, new taxes, political noise—these are forces far beyond the control of even the largest institutional investor, let alone the retail trader in Lagos, Abuja, or Port Harcourt.

So I did nothing. No panic selling. No revenge trading. No margin calls.

Instead, I reached for the one weapon every serious investor must never be without: cash.

In NSEMPA forum, we call it “the king”. Munger called it “oxygen” and, on red days, “a loaded missile”. Cash is the sword of defence when fear grips the market and impatient investors willingly transfer their wealth to the patient.

While others sold at the bottom, I deployed dry powder selectively—picking up world-class businesses at prices that made little sense just months earlier. I did not try to catch the exact bottom; I simply refused to capitulate at it.

2025 has rewritten the psychology of the Nigerian investor forever. We have learned—some of us the hard way—that bull markets do not die of old age; they are often murdered by policy. We have learned that rumours can shake trees, but only clarity fells them. And above all, we have learned that cash is not a drag on returns—it is the ultimate optionality, the margin of safety that separates surviving from thriving.

As the year ends, the market is healing again. The CGT fears have been partly priced in, clarifications have come, and patient money is being rewarded once more.

2025 did not just change our portfolios. It changed how we think about savings, about investing, and about the quiet power of doing nothing when everyone else is losing their heads.

Here’s to the lessons of 2025—painful, expensive, but priceless.

Stay patient. Stay solvent. Keep cash as your king.

The market will always test you. The question is whether you will be ready when it does.

No man can rightly predict this market. That you have a stock that suddenly gave you a beautiful % gain does not mean your portfolio florishes. I am sure you also have some stocks that you are seriously lagging. For one not to be misled, a story should have the pros and the cons ( true jornalism). If we only listen to the sweet side of every story, one will be misled. What i have come to learn in my little years in the stock market is that nothing is foolproof. If there were really certainty in the market, ones portfolio will just be one or two stocks heavily loaded. There will not be any need for diversification. Only one road does not enter a market. The last 24hrs in NSEMPA had been agog with who is right or who is wrong. I believe everyone is right. Just sieve the story and not swallow every hook line and sinker.

Lesson learnt: The best strategy is to go for what works for you. No point in trying out all strategy.