₦airaland Forum

presiade:
Is anyone else having an issue logging into their CSCS account?

Agbalowomeri:
E be like say we plenty wey don booze

Streetinvestor2:
I am of the opinion that since the frontier market thing did not add any impact on ngx
They should tell baron to give trump his two kidney. so he can have handshake and pictures with trump.This may help them improve the country image to FPI

KarlTom:
Market Cap @ cob 24 Sep '26

ARADEL (SP= 1530): ₦6,640,200,000,000
SEPLAT (SP=16000): ₦9,599,112,976,000
OANDO (SP=35.80): ₦445,044,566,820


Mind the gap...

Dupeodus:
Why Nigerians think they are entitled to fuel subsidy beats me. Almost all African countries around Nigeria do not subsidise petroleum products. Yes, Nigeria has oil. However, per capita quantity is minuscule. The oil is also in the ground. It costs money to extract, refine and distribute it. If the government spends all the money on fuel subsidies like we were doing before, I wonder what will be left to do other things. Today, some state and local governments are testifying that it is the increased allocations enabled by withdrawal of subsidies that is making them do what they are doing.

londonerr:
This is mischievous. Seplat has less than a billion shares in total.

If Aradel shares consolidate from 4.345 billion units down to 600 million units (like seplat) while trading at ₦1,550 per unit, the new share price would be ₦11,224.58 per unit.

Coolcash1:
The shares is now completely beyond the reach of retail investors. Its time for sleepy SEC to force SEPLAT board to do a share split.

Jaakay:
Something is happening in vfd group. +120 million shares crossed at 11.45 naira. Interesting to know if this is renewed interest from institutional investors or company insiders.

faoogoke:
I notice a recent trend in trades involving Accesscorp.
The prices oscillates during early trades.
At about this time it returns to opening price.
As the market is about an hour to close the price rises until the market closes.
Perhaps the people pulling down the price past months are behind this.
Lets wait for interim dividend announcement of N2 first before one concludes

megawealth01:
No call wema name jare that one na reconstruction... I used to have it until they did me dirty

mikeapollo:
RT Briscoe of 0.60k few years ago is now almost N10.00!
It even got to as high as N19 before dropping back!

This NGX is a crazy market, walahi

SonofElElyonRet:
Ding! Beat Karltom
Modified: network did me dirty

BabsO2:
Count down of last 5 work days of September. Where are the bank audited half year results approved by the CBN.

Agbalowomeri:
Na wa o

pluto09:
https://nairametrics.com/2026/09/23/naira-may-depreciate-following-cbns-350bps-rate-cut-rewane/

presiade:
Don’t worry, he’s going to disappoint you on that LoL. The regulatory basis of allotment will not allow you to get your full number of shares you requested.

Mills55:
I guess they are pursuing interim dividend.

presiade:
For those of you who decided to put body in the DR IPO:

https://www.nairaland.com/8753629/weve-already-raised-money-needed

Dem go return money tire.

elpaso007:
Good afternoon NSEMPA folks

Do you have any update about Vitafoam's bonus shares allocation? Does it typically take this long before SEC grants approval?

@Pennystockwarri @Ymcy56 @KarlTom @Essentialone

Alexas58:
Please who knows any platform that allows trading Nigerian shares like margin trading

Where I can start shorting Nigerian shares

essentialone1:
This is a big positive news for *Mutual Benefits Assurance (MBENEFIT)* - even though it was on the Top Losers list of yesterday (-8.38%).

Here is the summary:

*The Upgrade:*
*Agusto & Co. upgraded Mutual Benefits Assurance Plc from 'Bbb+' to 'A-'* with Stable Outlook on 24th August 2026. Valid till 30th June 2027.
- Long-term rating: *A-*
- Short-term rating: *A1*

It means Agusto says the company has strong capacity to meet its obligations vs other Nigerian insurers.

*Why they upgraded:*

1. *Capital is now very strong:* Shareholders' funds grew 41.8% to *₦33.9bn* (Dec 2025), driven by better profitability. Net admissible assets ₦30.3bn - double the ₦15bn new minimum under NIIRA 2025.
2. *Solvency:* *512%* - way above Agusto's 100% benchmark.
3. *Investments:* Portfolio grew 30.5% to *₦51.4bn*, 68.2% is liquid - so they can pay claims easily.
4. *Underwriting improved:* Gross Written Premium up *26.7% to ₦52.7bn* - motor insurance is 34.4% of business. Net claims dropped 6.3%, loss ratio improved to *23%* vs industry average 27.4%.

*MD/CEO Femi Asenuga said:* It's a milestone that proves financial resilience and disciplined execution, and should boost confidence for policyholders, brokers and shareholders.

*Outlook:* Agusto expects profitability to improve further as underwriting strengthens and currency volatility reduces.

Company is also projecting *₦96.82bn GWP for next year, with General Business driving 72%* of it.

Bottom line: Fundamentally the company got stronger, but market price dropped yesterday. That kind of rating upgrade usually brings investor interest in the coming days.