₦airaland Forum

mikeapollo:
The bolded is inaccurate and misleading. A CBN governor cannot just liquidate a whole bank just because of vindictiveness or because he/she did not like the CEO. There are rules and laws that guide the operations of banks.
Let's stop this tendency of bringing up wild, unfounded conspiracy theories to support or defend big men who might have committed crimes or looted and destroyed our institutions., thereby jeopardizing the economy and millions of jobs.
Has Akingbola, Ibru or any other former CEOS been able to challenge the CBN in court and won? I think Bank PHB went to court and they lost!
For instance in the case of Ibru, one of her atrocities was that she approved huge personal loans (unapproved by the Board of Oceanic Bank), collected the money, and then used it to build hundreds of branches which she then rented out to the bank at huge annual sums. What do you call that? Depositors funds were being endangered in all these. There were several other issues as well.
The truth is, we needed a no-nonsense person like Sanusi, who was bold enough to stand up against the crimes going on in the banking sector, the oil sector with NNPC, and even the legislators who were consuming 25% of national overheads and nobody could talk.
We Nigerians always complain that many things are wrong in the country but when we see someone who is bold enough to address these things, we turn around to cook some funny excuses, rumours and stories to muddle the issues

So Akingbola and Ibru are the culprits while the rest are saints?

It is well

Streetinvestor2:
Did u follow the take over of intercontinental bank by this man facilitated under Sanusi. Who was he before then and his financial worth and liability.
All the people who lost thr investment in intercontinental won't be finding your post funny. The bank is vehicle for financial crime/money laundry. It will bust one day.

I am surprised an experienced man like nosa2 is putting up this argument.

Nigeria is a crime scene with high level of impunity.

EDUECO:
He under estimated Wigwe!

Wigwe was a great man.

An excellent business man and I admired him a lot. But he is not a Saint.

pluto09:
You are comparing a politician with a business man.
It is possible for wigwe to have acquired all those properties legally as a banker.

How far can you grow a large business in Nigeria without the backings of the politicians


Ibeto vs Dangote comes to mind.

pluto09:
Has he been accused of money laundry anywhere

Those that were accused what was done to them

Even EFCC could not bring down Yahaya Bello with all the evidence.

There is a level you will reach in this country, no one can accuse you except you fall out with the cartel.

Ike Ekweremadu was prosecuted in the UK and currently serving jail term. Bring it to Nigerian context, the man will be innocent.

Agbalowomeri:
So you do not believe that there was money laundering involved?

That's why it is very difficult to prosecute one for financial crimes in Nigeria. A lot of abnormalities are considered normal by majority.

nosa2:
We are talking about the founder of one of the largest banks in Africa and you are mentioning a public servant.

You no see where the problem start to begin?

You are tactically avoiding my question.

Don't get me wrong, I am not accusing anyone here. We are just having a discussion. At the same time, it is not appropriate for you to vouch for anyone.

Will you like to talk about the role of bank CEOs in money laundering, writing off non performing loans for their cronies etc....? Remember, all these come with financial rewards.

nosa2:
Financial crimes no be thief?

Let's look at Farouk Ahmed.

Dangote alleged that Ahmed used his position to "indiscriminately" issue licenses to fuel importers—including for products from Russia—to undermine local refining and protect an "import cartel". 


Will you consider the gifts (money and otherwise) he received from the cartel as stolen money?

nosa2:
I am really not understanding. Did auditors find fraud in the company books?

So every rich man in Nigeria is a thief

How did "thief" come into the discussion?


Let's talk about Money laundering and financial misappropriation.

Other financial crimes too.

isaacosas01:
I looked at their AFS 2025 and they made profit, plus they have the lowest PE ratio in the insurance sector. I’m just thinking now if I exit or take my small loss and run

The insurance index will rally soon.

EDUECO:
I believe he had other shares of other Nigerian or foreign companies.He likely had other side businesses unknown to you and me .

Even though he was never in the official Forbes billionaire list; Wigwe is/was a billionaire in US Dollars.

Keep believing


I know you also believe in our current politicians.

jp130:
Almost 10am and Morgan capital hasn't credited my deposit this morning. They should automate deposit/withdrawal on their platform

Same here.

I made the transfer around 6:30 am and also sent email immediately.

I noticed the email of the person in charge of account (Bosede Shadeko) is not going through but I copied info@morgan......

Mpeace:
106 properties in London alone. How many in New York, UAE, Canada and even other states of the UK. A mighty university in Nigeria and other real estate.
Yet they keep telling investors to be patient as diaspora expansion will pay in a few years. Chai.

@EDUECO is a patient investor.

Stockpromoter:
INSURANCE SECTOR UPDATE (TA SUMMARY)

Accumulation phase ongoing (pre-breakout)
Index below 1,350 resistance → no confirmed breakout
Volume still selective → no full sector expansion
Money flow in AIICO, MANSARD, VERITAS, SOVRENINS
Key trigger: Hold above 1,300 → move toward 1,350

---

STOCKS TO BUY (INSURANCE ONLY)

Strong (Low Risk)
MANSARD (₦15.80) → Target: ₦17.5 – ₦19
NEM (₦34.00) → Target: ₦38 – ₦42

Momentum (Best Setups)
AIICO (₦4.15) → Target: ₦4.8 – ₦5.2
VERITASKAP (₦2.15) → Target: ₦2.6 – ₦3.0
LASACO (₦2.40) → Target: ₦2.8 – ₦3.2

Speculative (Recap Plays)
SOVRENINS (₦2.29) → Target: ₦2.8 – ₦3.2
FTGINSURE (₦1.47) → Target: ₦1.8 – ₦2.2
MBENEFIT (₦4.70) → Target: ₦5.5 – ₦6.2

---

LOCO QUICK CALL

Accumulate before breakout
Focus on mid + low caps
Watch 1,300 hold → 1,350 breakout

Thanks 👍

Stockpromoter:
Loco insurance index can't recommend stocks without daily summary of activities which carries TA.
If you like I can give you a very brief summary with stocks to buy based on summary & TA.

You are a man with a clean heart.I have watched you for a period of time.

Thanks for the compliment


Please drop some tips 🙏

nosa2:
Can you please recommend some interesting insurance stocks

@Stockpromoter 🙏🙏🙏

The insurance index will rally any moment from now.





Those interested should take note 📝.

Royalex will still deliver.
Why not wait for q1 and q2 financial report before jumping to any conclusion.

@Stockpromoter knows what he is doing.

I started buying Royalex from 1.75 and will buy more if it goes lower.

KarlTom:
ARADEL. -8.21%
CONOIL. ±
ETERNA. -3.07%
OandO. -1.54%
SEPLAT. ±

ARADEL closed flat today @1340

vibesdot001:
A friendly reminder for those jumping into ROYALEX right now, while watching ROYALEX, keep your eyes glued. The Whales are looking for liquidity, and if you aren't careful with your entry, you’ll end up being the exit ramp for someone else’s profit taking. Don't be the small fish that buys just so the big fish can swim away. DYOR

What do you think is the best price to enter?

Don't mind them

I was able to pick some Royalex today at 1.75.

Stockpromoter:
I pity you a lot.
With Loco index I made money by picking custodian at N66 and sold at N81

I bought Fortis at 50kobo through deal and sold at N1.20

I bought sovereign ins as a momentum stock at 2.20 and sold at 2.55 and 2.60.

I have another insurance stock name withhold which momentum has been confirmed waiting for breakout.

Which one is village people guys?

I blame myself sharing my index summary with Nincompoops instead of quietly picking and selling stocks for short term gains till recapitalization processes kicks off.

Some of you will never make money until you change from your evil thoughts.

Stockpromoter:
Under the Loco Insurance Index framework, the strategy is sector-first, not single-stock prediction.

If I had ₦1,000,000, I wouldn’t concentrate on one insurance stock. I would spread across the sector leaders and active volume stocks, because recapitalization money usually rotates across multiple counters.

A balanced Loco-style allocation could look like this:

• Custodian Investment Plc – sector leadership
• AXA Mansard Insurance Plc – Tier-1 stability
• NEM Insurance Plc – strong balance sheet
• Sovereign Trust Insurance Plc – strong trading momentum
• Veritas Kapital Assurance Plc – high liquidity participation

This way you position across leadership + liquidity + momentum, which is safer than betting on a single name while the insurance recap rally is still building toward the 1,400 index breakout.

OR

From the Loco Insurance Index data, three stocks are quietly showing strong participation ahead of the sector breakout watch.

1️⃣ Veritas Kapital Assurance – about 56.4M volume, the highest in the sector.
This shows strong liquidity and institutional activity.

2️⃣ Universal Insurance – about 48.3M volume, another heavy participation counter where money is rotating.

3️⃣ Sovereign Trust Insurance – about 21.3M volume, showing steady accumulation and momentum.

These three controlled a large share of the sector’s trading activity today, which usually indicates where early positioning is happening before a broader sector move.

However, remember the true sector rally trigger remains when the NGX Insurance Index sustains a breakout above 1,400.

What happened to Royalex

Has anything changed 🤔

Stockpromoter:
It’s unfortunate I don’t play one-stock politics anymore. I now trade the entire insurance space using the Loco Insurance Index framework, not emotions.

One thing I must point out in your post — Royal Exchange Plc had a very strong technical support at ₦1.80. That was a clear structure level. It tested that zone, respected it, and bounced. That’s not weakness — that’s demand absorption.

I was fortunate to accumulate close to 1 million units at ₦1.81 when fear was high and volume confirmed support. In this market, opportunities show up briefly — if you understand structure and volume, you don’t hesitate.

Also, let’s be realistic — when Sovereign Trust Insurance Plc is showing sustained strength and momentum northward, it’s a sector signal. Insurance stocks move in rotation waves. Capital doesn’t flow into one counter in isolation for long.

Some names in the sector are clearly ripe for accumulation right now. The smart play is not sentiment — it’s alignment with structure, sector volume, and momentum confirmation.

Follow the updates. Align with strength. Accumulate wisely.

I will buy 1 million units tomorrow if it goes below 1.8.

thebargainhunte:
No, but
Nigeria will officially launch a $1 billion blue economy innovation fund in 9th-11th of this month and I believe it might help them to secure funds for the trawlers.

They have secured 10 trawlers already.

iskalamong:
May I ask the reasons why you are bullish on Tantalizers?

Iskalamong!

.
.

1. They secured a 5 yr contract to supply shrimps to America (earnings in foreign currency).
Ten trawlers secured already.

2. The entertainment side (tantainment) will kick off this year by q2. A company already payed 2 billion for 10% ownership. This means the entertainment wing is valued at 20 billion or more. Market capital of TANTALIZER is less than 25 billion currently.

3. The quick service restaurant Wing is not doing badly too.

megawealth01:
Dey play... You will learn the hard way?

Where were you when OANDO was sub 40?

Nothing is certain in OANDO as Wale determines the shots either GREEN or RED

It is good you told the them truth.

OANDO is moving based on sentiment.

It is safer to buy Aradel at current price than buying OANDO.

Amhappy:
When you say take profit, what does it mean? Sell some?

Sell some as the price goes up.

KarlTom:
I'll advice that you wait.

There is a lot in store (check the recent disclosure on delay in filing AFS for hints)

I still have some left.


Do you think Aradel will cross 2000 this year?

I strongly believe TANTALIZER will sell above 10 this year.

I might be wrong though 🤔

deathwing:
I am riding Aradel till the company closes down. In this decade of gas, Renaissance Africa is well positioned. I'm up over 100% but we will sell in 2040

I would have kept if I have upto 50k or more units.

I need to grow my capital base aggressively.

I see a bright 🌞 future in TANTALIZER.


If TANTALIZER delivers, my capital base will skyrocket and my dividends will be in millions too.🙏

I want to be like those who bought NAHCO at sub 4.

leo1234:
Waiting for Royalex at 1.8

Royalex briefly touched 1.8 today.


It appears I have lost interest in the stock.

Let's see if it will go lower. 🚶‍♂️

@Stockpromoter

deathwing:
Help me beg it to calm down o. I have not just acquired to my fill. Hopefully it will correct soon.

Welcome to Aradel.

I have started taking profit 📈

Well above 100% profit


Adding more to my TANTALIZER.

PETERiCHY:
https://www.cnbc.com/2026/03/01/crude-oil-futures-iran.html?__source=newsletter%7Cbreakingnews 📌
📌📌

Key Points

Tanker traffic through the Strait of Hormuz has effectively come to a stop as shipping companies take precautionary measures, analysts said.

About a third of the world’s seaborne oil exports passed through the Strait in 2025.
President Donald Trump said he has agreed to hold talks with Iran, leaving open the possibility that there might be a path to de-escalation..

President Donald Trump said he has agreed to hold talks with Iran, leaving open the possibility that there might be a path to de-escalation..


Those in OANDO see you at #200 junction
Prophet UTUOCHQ over to you!

BARGAIN HUNTERS TAKE NOTE!

See you at 200 but your plan is to take profit at 50 naira.

Bargain preys take note.