₦airaland Forum

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -1.36%

Negotiations over the proposed merger of Providus Bank and Unity Bank have been stalled over the huge amount of insider credits owed by the directors of Unity Bank. The exact amount of the loan is not clear, but a well-informed management staff of Unity Bank said ‘’it is not less than N4.8 billion’’...

https://www.thecable.ng/providus-unity-bank-merger-stalled-over-insider-credits/

Thank you Madam Mercy (authentic MM)

I'm not new to this reshuffling thing.

I decided to mention the issue here because I noticed that over 5million units have been sold yet my displaced order and #1 to #14 are still intact... #OverAndOut

yMcy56:
You're still the next in line if any sales is done on the floor.
Think we've discussed about this here in the past....
The trades you might be seeing will mostly be crossings from one account to another....
That's how it used to be in a situation where there's high demand like this.

Same MC that majority here use?

Anyway, I've moved on...

Agbalowomeri:
Lol you wey your broker time dey lag

It's not MC, it's clear Manipulation...

It's particularly painful because whenever such news drop, I am not having cash to trade. Today I have cash, now this...

GeeKudi:
Ah! Might just be from Morgan Capital. Mine read 9:30:03 initially when I sent the order only for me to check later and saw 'modified' at 9:30:12

I have been bullied.

From #4, I have been moved to #96 after only 70k units

GeeKudi:
My bid was placed at exactly 9:30:12 and yet, there over 20m above mine!!!

Anyone who sells their stocks now to enter Japaul may lose on both sides.

ZICHIS. 14.36
ELLAH. 14.10

yMcy56:
ZICHIS @14.35
Some offers dey ground .....for those wey wan buy 😊

*Update*
Offers cleared
Back to full bid @14.36....

JAPAUL

Ding!!!

I knew his coming on board would herald a big announcement. Never expected it to be so soon...

KarlTom:
Mr Abubakar Lawal is one to watch...

Same here...

GeeKudi:
Make I just queue my Vitafoam loot for more Japaul tomorrow. I might be lucky.

I think the reason for this is you have separate CHNs for FSL and MC.

I stand to be corrected but I think it's one CSCS account per CHN.

Else you should write CSCS to notify them of the discrepancy...

ehay:
Good day all,

I just activated my CSCS account online, but can only see stocks I bought 20 years ago through FSL and none from the ones l bought through Morgan Capital which currently use for my trading.
Please do I need to open another CSCS account for Morgan capital? Or is there another way this can be resolved so I can view all stocks purchased through both brokers in one CSCS account?

JAPAUL

Proposed Start: May 2026
Capacity: 18kg - 21kg processed gold/month

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/Japaul_Gold_-_Delivery_of_Pilot_Gold_Processing_Plant.pdf

Km 5 straight!

OANDO

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/Oando_PLC_%E2%80%93_Proposed_Rights_Issue.pdf

ARADEL. -0.26%
CONOIL. ±
ETERNA. +3.23%
OandO. ±

JAPAUL

Looking at the AGM Resolution dated 1st July 2025,

https://doclib.ngxgroup.com/Financial_NewsDocs/44424_JAPAUL_GOLD_AND_VENTURES_PLC-2025_AGM_RESOLUTIONS_CORPORATE_ACTIONS_JULY_2025.pdf

Could ₦5.00 be the benchmark?

Aren't they in similar earning bracket?

SonofElElyonRet:
Chuka take ya time o. No let Zichis overtake you... Talk you no talk

Congratulations to everyone.

It's a good thing to see massive wins...

JAPAUL

Ding!!!

ARADEL. +10.00%
CONOIL. ±
ETERNA. ±
OandO. +10.00%

Check item #8 of the 46th AGM Resolutions

The Company be and is hereby authorised to raise additional capital:
1. of up to ₦500,000,000,000.00 (Five Hundred billion Naira only) or its foreign currency equivalent in the Nigerian and/or international capital markets through the issuance of up to 10,000,000,000 (Ten Billion) ordinary shares of 50 kobo each, either as a standalone issue or by the establishment of capital raising programmes, whether by way of public offerings, private placements, debt to equity conversions, rights issues and/or other transaction modes...

ii. The Board be and is hereby authorized to enter into capital restructuring agreements with key stakeholders and Lenders and convert up to US$ 300,000,000.00 (Three Hundred Million US Dollars only) out of the Company’s existing Reserves-Based Lending (RBL) debt into equity, subject to terms and conditions to be determined by the Directors...

iii. The Board be and is hereby authorized to establish a multi-instrument issuance programme in an amount up to US$1,500,000,000.00 (One Billion, Five Hundred million US Dollars only) or its Naira equivalent and to proceed with subsequent issuances of bonds, certificates, instruments and/or other securities under the Programme, at such time and on such terms and conditions to be determined by the Directors subject to obtaining all relevant regulatory approvals subject to terms and conditions to be determined by the Board...

iv. The Company be and is hereby authorised to accept surplus monies arising from any potential oversubscription from the capital raising programmes, in such proportion as may be determined by the Board, subject to obtaining the relevant regulatory approvals;...

yMcy56:
KarlTom, where have you taking this to again?
The notification is about Right Issue, price and QD......where did it states Debt to Equity conversion?
When did you also join the over-analysis that Leads to paralysis gang? 😊

I presume not.

Except there's already an agreement in place..

GeeKudi:
You don't think the per cost of that conversion is already detrrmined?

Market trades still lagging @12:30

No sir.

However, the debt-to-equity is very necessary, and I believe it will come later this year. Possibly bonds and PP...

robobo:
Hello Chief

is there a debt to equity in the recent notIfIcation?

i only saw that of RI

Told ya

awesomeJ:
ARADEL now doing 1100, I sold off since below 800.

But I'm contented with my 2%, others should enjoy the 500%

I forsee 60+

Reasons:
In other not to cause too much dilution, they need the SP to be as high as possible before the debt-to-equity conversion.

$300m (or ₦450bn @₦1500/$) of RBL is to be converted to equity

If SP is ₦50 = 9bn units
If SP is ₦60 = 7.5bn units
If SP is ₦75 = 6bn units

Harddiskng:
My question is even if market price finally meets up with the right issue price (N50).

What is the guarantee that price doesn’t slide back to 40s once right issue period is over.

It looks like monkey hunting to me.

Ding!!!

Is this sliced bread?

unite4real:
Maybe after the bread makers benefit from the reimbursement then reality will set in. Consumers should feel the effects after one year

Definitely not. A fully subscribed RI will raise about ₦221bn.

The debt-to-equity will do more good in that aspect...

Sunrisepebble:
Will the funds from the RI clear the negative equity position ?

OANDO

Listed shares ~ 12,431,412,481
Treasury = 3,617,677,798
OS = 8,813,734,202
RI = 4,415,867,342
D-to-E = 9,000,000,000 ( $300m = ₦450bn @₦1500/$) of RBL is converted to equity @SP of ₦50 = 9bn units)

Eventual OS could be up to 22,247,602,026 (aside PP and treasury)

Damn!

The dark part of these recommendations is that there is no timeline. Both of them might be correct eventually...

deathwing:
That's crazy high o. This is according to CardinalStone. Who we go come believe bayi?