₦airaland Forum

ZENITH Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48295_ZENITH_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

In other news, who is Mr Oluwole Tinubu, CEO of OandO Trading FZCO? (I can't but notice the semblance to City Boy)

cc: https://www.oandotrading.com/

https://www.spglobal.com/energy/en/pricing-benchmarks/our-methodology/subscriber-notes/070226-oando-trading-dmcc-changes-entity-name-to-oando-trading-fzco

It's my amateur view

I hope the accounting experts can shed more light, and correct my theory, where necessary

mikeapollo:
I think your explanation settles the confusion of ''Group'' vs ''Company''

In fairness, the promised made at the AGM about paying dividends soon in 2027 was referenced to ''Company'' numbers. They said the retained earnings should turn positive by end of 2026, and hopefully dividend will begin in 2027.

Let's hope they are faithful to shareholders

However, Oando's Group total liabilities reduced by N2.5 trillion in 9 months, between Dec 2025 and Sep 2026!

The rules are not to be adhered to in the order they are written...

Jaakay:
Your point is noted. But also note, rule 1 comes before rule 2 for a particular reason.
Respect rule 1, so nobody will be tempted to break rule 2. By the way, what you may regard as normal talk, may be an insult to me.

FZCO results will be declared as a standalone.
According to IFRS, it cannot be merged.

The group will only benefit from DIV declared by the company (this is where your concern comes in: why is OJT not declaring DIV for the company? )

yMcy56:
Look at Company result and look at Group result.
I think there's more to what's happening....
The reports under Group is not telling the whole story...
We'll wake up one day to a result where the group may now agree with the Company

OandO matter get as e be

IMO, The 'Group' is Oando PLC while the 'Company' is Oando Trading FZCO. An FZCO is a separate legal entity from Oando Plc, even when Oando Plc owns 100% of its shares. So it could make $1tn in PAT but the profit will NOT be included in the Group accounts except there is a dividend declared.

As at 30 Sept '26, Oando plc (Group) owns 100% of Oando Trading FZCO.

Personally, I'll view this as a good sign. Once the group breaks even, the floodgates will be opened

Every mallam to his kettle

yMcy56:
Honestly, I was about to post something similar.....

It seems there's a disjointing between company and the group.......both seems to be doing separate analysis.
Could they be hiding some things?
Then to whom in particular? ...... Govt?

The company performed so well and the negative equity reduced but group reporting different thing entirely.....
Are they actually working together or the group is just a camouflage to take people's eyes off the performance of the Company OANDO?

** Somewhere along the report, I sighted "Dividend" and some amount earmarked for this.......
Could this be referring to the share distribution?
** Also, the remaining undistributed shares has been warehoused.......now reported as "Treasury Shares" - Wale actually mentioned this during the AGM that it's Treasury Shares
Is it no longer up for distribution? .... Looking more like it!

*** Whenever Wale is ready for OANDO, he's going to use Company result!
They sure have some tricks/hide & seek they're playing....
For how long is what we don't know yet..

While you are at it, kindly cite rule number 2 of the forum rule book...

At the end of the day, two wrongs don't make a right

Jaakay:
I am not sure you have the moral right to tell me what i can or cannot do. However, i am cultured enough to respect the rules of the thread. May i refer you to rule number 1 of the forum rule book ". Please post all threads in the right section, and don't derail threads by posting off topic "
So when you do otherwise, you disrespect other people.
What do you call been called a tunubu data boy? So you dont think that is an insult? My response stands, and i continue to hit them when they think they are above the law.

Of course!
I can do ALL things through Christ

Streetinvestor2:
Who says you cannot do 100 billion by yr end as PAT and #5 EPS...lol

PRESCO Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48266_PRESCO_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

DANGSUGAR Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48259_DANGOTE_SUGAR_REFINERY_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

Yes.

PapaBornboy:
Good evening house please just wanted to confirm if zenith is paying dividends tomorrow.

You like trouble

Streetinvestor2:
It needs TA catalyst..lol

Apologies. It's a positive

thebargainhunte:
Pity our uncle, his stock closed at N33

NASCON Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48245_NASCON_ALLIED_INDUSTRIES_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

FIRSTHOLDCO

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +1.85%
SEPLAT. ±

NESTLE Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48241_NESTLE_NIGERIA_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

I doubt that's from the refinery.
The quarry also returned 51.9m for Q3 '25...

thebargainhunte:
Yeah, a meagre of 38.2 million naira

Did it [really] contribute anything?

thebargainhunte:
Good result, but the gold plant didn't contribute much.

JAPAUL Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48238_JAPAUL_GOLD_AND_VENTURES_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

ARADEL where is our Q3?

SEPLAT Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48220_SEPLAT_ENERGY_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

HBMNG Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48223_HBM_NIGERIA_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

Ding!

That's a massive subsidy for the buyers...

awesomeJ:
I mentioned this yesterday. It's the RC investments holdings. They crossed the first tranche yesterday. Part of why the stock lost steam.

Probably Calvado$ with Trademarks Global Concepts Limited as the IV

Digitron:
FirstHoldco is acquiring E-transact

What's going on with FIRSTHOLDCO

Just make sure you buckle your seatbelt

popoolaRofiat:
Those of us enter vfdgroup at #14+ is like we are on a long journey

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -1.37%
SEPLAT. ±

“The level of reforms and the impact of the reforms is why we are expanding in Nigeria. We are also very impressed with the quality of banking regulations at the central bank...”

— Dapo Olagunju, MD, JP Morgan West Africa

Actually,what percentage of the electorate are civil servants?

Isn't this tantamount to preferential treatment?

ghm:
Isn't that what everyone is asking them to do? Shouldn't we acknowledge and applaud when someone does what we ask them to do, even if it is late?

Guessed as much. Welcome

Ginalex:
👀 e don tey o... As baby dey show me shege plus mat leave don finish I kon abandon my trading account ...but be like say I no miss anything as market dry like sahara desert... I wonder how long it'll drag for