₦airaland Forum

edwardaigb:
Them dey pay from lower to the biggest.

Streetinvestor2:
Some kind dividend go make u wan dey reasoning like yahoo boy.
You go dey reason like make u go buy one kind luxury wa been no dey your mind..lol
HBMNG una do well

Sunbellar:
Good evening NL
I joined this group from Facebook. They said they trade foreign stocks in US with good returns. They call very huge amounts of funds for investment with huge returns.
See the attached whatsapp group
Please how genuine are they:

Agbalowomeri:
Why

handsomebolanle:
Postponed

https://nairametrics.com/2026/08/16/ngx-postpones-new-pricing-rules-days-after-confirming-monday-take-off/

elengine:
You are right but note that Dan Ref IPO is a respecter of no fundamental. People dey sell anything sellable

elengine:
We are waiting for all of you that bought Dan Diabetes RI to finish dumb it. I pity those that bought it for 75 naira just last week. We will join you at 55 naira next two weeks.

thebargainhunte:
When is OANDO right issue coming up?

yMcy56:
Lol.
Is it because I didn't mention name?

yMcy56:
I think the best thing is to be keeping some things to oneself on this platform.

*One thing is that no one can dictate what I'll do or not do to me no matter how you try or badmouth any stock..
I've developed thick skin against such a long time ago.

Ok. If this makes everyone happy here, I'm selling AVA today so we can all wait for it at N1. 😊

Osasnice:
Please how can i view stocks in my portfolio from my cscs account?

ayobama1:
What is the basis of allotment, was there oversubscription or undersubscription, is any money going to be returned or absorbed? Those are my questions

Streetinvestor2:
Have u seen your own in your cscs account

ayobama1:
What is the basis of allotment and when was it approved by SEC?

Crossblueart:
DangSugar RI alloted.

essentialone:
On First Bank Public Offer:

That part _is_ confusing because of how it was structured:

*The ₦1.4 trillion is NOT going to Oba Otudeko and Co directly.*
It’s going to *First HoldCo Plc*, the parent company of First Bank.

*Here’s how it works:*

*1. Who’s selling the shares?*
The 10.4 billion shares being sold at ₦110 were previously held by *RC Investment Management Ltd*. That firm was used as a "bridge" to hold the shares after the *2025 ownership restructuring* involving Oba Otudeko and other shareholders.

*2. Where does the money go?*
When you buy shares in this *Public Offer*, your money goes to RC Investment Management Ltd. They are the ones divesting.
BUT — and this is the key part — RC Investment Management then passes that capital into *First HoldCo Plc* as part of the recapitalisation deal agreed with CBN. So First HoldCo gets the ₦1.4 trillion to meet capital requirements.

Think of it like this:
`You → Buy shares → RC Investment gets cash → RC injects cash into First HoldCo → First HoldCo uses it for CBN compliance + fintech + insurance expansion`

*3. What about Oba Otudeko?*
He was a major shareholder in First Bank/First HoldCo. The 2025 restructuring reduced his direct stake and moved those shares into the bridge firm RC Investment. This offer is how those shares leave that bridge structure and go back to the general public/market.
He doesn’t get to pocket the ₦1.4 trillion. The company does.

*Why do it this way?*
CBN wanted First HoldCo to raise fresh capital fast to meet the new thresholds. Using a bridge firm + public offer was the fastest way to clean up the shareholding structure AND raise ₦1.4 trillion at once without diluting existing shareholders through another rights issue.

*Bottom line:*
- *Beneficiary of the capital*: First HoldCo Plc / First Bank
- *Purpose*: Meet CBN capital rules + fund fintech/insurance expansion
- *Sellers*: RC Investment Management Ltd, not Oba Otudeko personally.

Streetinvestor2:
Did you buy this stock after it was listed on ngx.If yes at what price because it may go below #5 or stablize at #5 till results show.We know the listing price of #7.50 was inflated like other new listing is usually done on ngx

Bizibi:
was the problem really pegging?? Or it was just clear mismanagement and impunity. Companies needed dollars but they were using it for silly things .

KarlTom:
Average Brent Price: $96.00 (Q2)
Average realized oil price: $102.59 (Q2)

Effective Tax Rate (ETR) is 71% (H1 '26) from 91% (H1 '25)

EPS is 21¢ (Q2 '26) up from 6¢ (Q1 '26)

Q2 DIV: 12¢

unite4real:
The actual listing price was N7.50.
But for a listing by introduction, there are pioneer investors who have paid money to the brokers to buy on the floor on day one. That is why you see the shares crossing at the top price for the day at N8.25. when this is happening, buyers on queue would be wondering why they are seeing trades going on and then those on the queue are basically not seeing transactions clearing. At such a time, the brokers who have warehoused some of the shares that were meant for sale on day one will prioritize the insiders who form part of the conditional 300 shareholders pre listing.
The amount for the crossing go directly to the insiders who have released a portion of their shares prior to the listing as free floats.

My explanation may not be perfect but this is how it works because I have experience being a pioneer shareholder of a newly listed company on the NGX

vacanci:
Nobody bought at N7.50.
on the day of listing all trades and crossings were done at N8.25.

Agbalowomeri:
Make jijo no hang you one day

yMcy56:
1st of, when I said "you", I wasn't referring to you in particular.....
"You" there refers to Nsempas or this thread..

2ndly, Alhaji can't just wake up from nowhere and fix prices......
Many factors comes to play here, which includes demand and supply, cost of production, etc....
and, like it or not, some financial experts are involved at each stages.....
* Don't forget that international valuers who can easily tell if it's inflated or not are there and also calculating along.....

** Let me remind someone here when NGXGROUP came onboard......
I said I saw something in the financials that points to "Oxygen" as @Currentprice used to call it.......
Currentprice also mentioned that his numbers placed fair value @28.....
** In short, overtime and over years, this has proven to be true eventually.......