₦airaland Forum

Ding

Are these facts or fiction?

londonerr:
You are very correct.

The ₦10.29 Trillion Legacy Asset Battle behind the scenes in the courtrooms, the bank is fighting an existential corporate litigation battle that has heavily influenced its financial impairment strategies.

The Conflict: Access Holdings is defending a massive lawsuit filed at the Federal High Court by Dr. Darlington Amadasu.

Amadasu claims that legacy multi-billion naira investments dating back to the defunct Intercontinental Merchant Bank—which Access Bank acquired years ago—were mishandled.

He is demanding a staggering ₦10.29 trillion in accumulated value and damages.

The Power Dynamics: While Access Holdings has publicly labeled the claims as vastly overstated, the sheer scale of the multi-trillion naira legal threat has heavily weighed on boardroom discussions regarding risk management, financial provisioning, and cost optimization.

I need to reiterate that it wasn't FOte$ who bought those volumes of FIRSTHOLDCO.

The few millions he bought was disclosed on same day...

elengine:
When I said that Access may not go anywhere unless those PP guys sell off. Even with Interim dividend, the moment it goes up those guys want their money back and they are are ready to exit at 10 naira gain or less. So what we may see is rise and fall😀😀 until we have some serious buyers that can buy like Otedola

Closed @ ₦27.00

yMcy56:
Battle for the "soul" of ACCESS.....
That stock get some cr@zy investors....😁
They now matched bids with offers.....and placed the bids in excess of 132M....

* We don't know yet maybe they intend Cross dealing the offers on ground or not.....
Only God knows their game plan....😊

** It's glaring ACCESS Bank issue is no longer about result or dividends again.....
It must have to do with some power tussle or internal issues..

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -4.25%
SEPLAT. ±

Ding

Check:
https://www.oandoplc.com/press-release/announcement-of-the-outcome-of-the-meeting-of-the-board-of-directors-of-oando-plc?utm_source=chatgpt.com

alfajohn:
Thank you for the response. But this information is not available anywhere in the public domain.

A factor of 3.7 gives $9.7bn ($2.5 * 3.7) ~ 19.4%

Streetinvestor2:
How is that 20%

Wow!
That's about 20% of the $50bn valuation (23% for $40bn valuation)...

Agbalowomeri:
DangRef completed private placement of $2.5B yesterday. Oversubscribed by a factor of 3.7. Abi dem go shelve IPO?😂

Chin up! We will bounce back

Mpeace:
Nna ehhh Presco just spoil my weekend. 10%down

This was my exact thought when the distribution timeline was announced...

Agbalowomeri:
What's is stopping the shares from outright instant distribution of all shares?

I wish

megawealth01:
You are dealing with a lawyer mbok

It's like saying my teenage son should claim ownership of my Range Rover when he turns 20.

It is already his even though it is not his own... yet

Agbalowomeri:
Why should it not be a property of the shareholders? Abi am I missing something

I doubt the bolded ... provided the deadline has not elapsed...

The outstanding bonus are in the treasury (not a property of the shareholders...yet).

mikeapollo:
You are right.
But if they go the last scenario, will that not create a legal issue for shareholders to challenge them? Because the AGM decision (also registered at SEC) was based on a specific number of OS and shares to be distributed to shareholders

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -1.11%
SEPLAT. ±

There are many scenarios:

They could use a QD that falls before the allocation of the RI shares.

Mr Wale and co could delay the issuance of the remaining bonuses till after the RI so that they can cop the extra RI (from the undistributed bonuses) for themselves...

mikeapollo:
Yes, probably. Unless there is a way they can ring-fence the new RI shares and exclude from the calculations

No corporate disclosure wrt the huge volumes of FIRSTHOLDCO that changed hands last week (except the Calvados deal on Wednesday).

Could it be HNI and PFAs at work...

Going by the antecedents, the QD for the next tranche might have passed

However, we have 18months till the distribution deadline (30 January 2028) so holders can still get up to 1 bonus share for every 3 held.

That's about 33% bonus (or DIV) yield over 18 months...

mikeapollo:
If interested in Oando, it is advisable to keep your units or buy more now, in order to benefit from the next round of share re-distribution bonus. The extra bonus units would help reduce the average cost per unit; could be sold and channeled into other good stocks or projects e.g., I intend selling part of my bonus to buy Dangote Refinery (i.e. hoping the next distribution phase will be announced before the refinery IPO)

It's a soft counsel to be on the lookout else na the road to p@r!sh you dey so.

Note that you cannot eat everything.
Your entry point is someone's exit point...

Kpartners:
I am not removing anything. Who does that?
If I perish, I perish. The only stock that has given me joy since I returned from the crypto market.

Na wa o

Ddll:
Do you realise that the same people who post about these things are also the same people who post stock picks? Maybe we should all drop stock picks first before throwing stones

Ding!

Without INT DIV, an H1 EPS of ₦7.00+ will give the SP a massive boost...

My projection is min ₦40

mikeapollo:
Access go still drop back without interim dividend!

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +1.13%
SEPLAT. ±

TRANSPOWER INT DIV landed

If na play, abeg stop am o

megawealth01:
Make OANDO come back to 8 naira jare

Ding

MARKET BULLETIN 22 July 2026
NGXREG/IRD/MB80/26/07/22

Notification of Suspension of Trading in the Shares of Aluminium Extrusion Plc

Trading License Holders and the investing public are hereby notified that pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (Default Filing Rules), which provides that: "If an Issuer fails to file the relevant accounts by the expiration of the Cure Period , The Exchange will: a) Send to the Issuer a "Second Filing Deficiency Notification" within two (2) business days after the end of the Cure Period; b) Suspend trading in the Issuer's securities; and c) Notify the Securities and Exchange Commission (SEC) and the Market within twenty- four (24) hours of the suspension",

Trading in the shares of Aluminium Extrusion Plc (the Company) has been suspended from the facilities of Nigerian Exchange Limited effective today, Wednesday, 22 July 2026 for not filing its Audited Financial Statements for the year ended 31 December 2025: In accordance with the Default Filing Rules set forth above, the suspension of trading in the shares of the Company shall be lifted upon the submission of the relevant financial statements.

Godstime Iwenekhai Head,
Issuer Regulation Department

CIRCULAR 16 July 2026
NGXREG/MR/CIR08/26/07/16

DISCIPLINARY ACTION AGAINST TRADING LICENSE HOLDERS OF THE EXCHANGE
This is to formally notify all Trading License Holders that the Board of NGX Regulation Limited ("NGX RegCo" approved the decision of the Regulation and New Business Committee ("RNBC" reached at its meeting held on 5 June 2026 in respect of the Trading License Holders listed below:
1. Name: Decanon Investment Limited
Reason: Prolonged inactivity and deregistration by SEC.
Action Taken: Revocation of its Trading License
2. Name: Partnership Securities Limited.
Reason: Unauthorized sale of investor shares and deregistration by SEC.
Action Taken: Revocation of its Trading License
3. Name: Mayfield Investment Limited
Reason: Appeal of the RNBC's decision on the Revocation of the Firm's Trading License and the Regulatory Sanctions Imposed on its Principal Officers.
Actions Taken: a. Reinstatement of the Trading License of Mayfield Investment Limited.
b. Reinstatement of the Authorized Dealing Clerkship registration of Mr. Olugbenga Wajero.
c. Reversal of the blacklisting of Mr. Godwin Iyoriobhe, the Compliance Officer.

Trading License Holders are advised not to engage in any activity with the above-mentioned firms whose licenses have been revoked. Furthermore, Trading License Holders are also reminded of the provisions of Rule 6.12 (a)(3): Specific Actions Requiring Prior Consent of The Exchange, Rulebook of The Exchange, 2015 (Dealing Members' Rules) which states that "a Dealing Member shall not be allowed to do any of the following without the prior written consent of The Exchange: 3. Employ any of the following: A. Directors, Authorized Clerks or other persons including Principal Officers such as the Chief Executive Officer, Chief Finance Officer, Chief Compliance Officer and Chief Risk Officer, who have been indicted by The Exchange or the Commission B. Any person who was an officer or employee of a Dealing Member expelled from The Exchange; C. Any person expelled, as an Authorized Clerk or its equivalent, from any other exchange; D. Any person refused admission as a member of the Chartered Institute of Stockbrokers or any person expelled from its membership; E. Any person expelled as a member of any Professional Association or Institute; F. Any person who is insolvent or has been convicted of theft, fraud, forgery, or any other crime involving dishonesty".

Please be guided accordingly.

Chinedu Akamaka
Head, Market Regulation

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. ±
SEPLAT. ±

Two points

1. First bolded is very germane
2. Second bolded might not be entirely true. e.g. HO Wigwe's Estate + AIG hold ONLY 18.8% as at FY 2025...

Raider76:
The difference between FBN and ACCESS or OANDO is their history and circumstances. FBN was a government founded company and not privately founded. After privatization there was no major shareholder with 5% of shares for a long time. It was therefore easy for a activist investor with the objective of taking control and the fighting spirit like Ote$ to take it over. This is not the case with OANDO and ACCESS. They are held by founders that will hold them no matter what, and you have to live with them forever.

FOte$

VERY prompt reporting. Evidently, he is not the one who bought last week @yMcy56

In this same market?

I always prefer to take a posture of probability of occurrence rather than one of certainty...

Payunsin:
Can't compare then Skye with Access.
Access no fit go under.
N the reason I Sabi hold shares is because u b Kashorgi always liquid.
If better responsibility meet illiquidity sell off go b moimoi