₦airaland Forum

CJ1000:
I have been an ardent follower of samsung, read and watched alot of reviews about samsung, loved it.

I saved up, got a samsung s23plus last year November. This year, September 2026, my phone was left idle on my office desk, all of a sudden, I saw a purple vertical line, no heat, no fall, didn't update. It's two lines now and a third faint line already coming up.

Samsung is absolutely shitty for this sole reason and I'll continue to talk them down. I wasted more that half a million for this shitty phone!

Leave Samsung. Go Poco. Go honor.... Your eyes will thank you.

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +4.01%
SEPLAT. ±

Why is NIPCO more expensive than OandO, eterna and conoil

essentialone1:
*Lasaco Assurance - Agricultural Insurance Approval - Oct 13 2026*

Lasaco just got NAICOM approval to do agric insurance. Big move for them.

What they will now sell:

- Multi-Perils Crop Insurance
- Plantation Insurance
- Poultry, Fishery, Livestock, Cattle Insurance
- Farm Property & Produce Insurance

Why it matters:

1. *Revenue driver:* MD Ademoye Shobo said this will "substantially boost revenue" - agric is 25% of Nigeria GDP but insurance penetration is <1%. Government Anchor Borrowers, CBN recapitalization for insurers coming - first movers get advantage.

2. *Strategy:* Head of Strategy Adedayo Adetokun says it's about diversification. Lasaco was heavy on motor/general - agric is less cyclical and gets donor or government premium subsidies.

3. *Timing:* With floods, food inflation 30%+, farmers need cover. NAICOM is pushing Index-Based Agric Insurance. Lasaco already has footprint in SW - can partner with farmer co-ops, Lagos Food Systems.

*Stock angle:* Lasaco closed at N1.75 yesterday, a small cap insurance. This approval won't move profit this quarter, but next 2 quarters if they sign state governments (like Lagos, Oyo) for subsidized crop cover, premium income could double.

If you hold insurance stocks, watch for:

- Actual gross premium written from agric segment in Q4 2026 results
- Reinsurance backing (Swiss Re, Africa Re?) - agric is high risk
- Claims ratio after rainy season.

Full statement today, so official announcement on NGX, should drop this week.

Hope he consulted with the chairman megawealth01

megawealth01:
Check the writing style... I have two monikers which I haven't used for a long time... Namely: Chibaby and MEGAWEALTH02. Those two monikers are open for all who knows me and my style of writing

So you're chibaby and megawealth001

Peterlove11:
If I had known of this tactics, I would have done this with my oando shares. I bought at the top above 50naira. Now I don hook.

I feel you

megamart247:
DANGOTE Refinery doesn't worth more than #200.

Meanwhile OANDO doesn't worth more than #10

Nigerians will learn a new thing

Megawealth01 you can't be using two monikers here

Fordme:
AMERICAN USED AUTOMOTIVE CV AXLES / DRIVE SHAFTS
08121050863
Quality used automotive CV axles and drive shafts available in bulk.

✅ Various types and sizes available
✅ Suitable for auto spare parts dealers and mechanics
✅ Wholesale prices available
✅ Bulk orders welcome

📦 Available contact 08121050863

📩 Message me for prices, quantities, vehicle compatibility, and shipping details.
08121050863
Serious buyers only.

front cv joint for 2003 toyota sequoia

Dont be deceived that guy is a car dealer....from my findings....

thebargainhunte:
From Monday, respite will return to our market. The Dangote Refinery IPO really hit Oando hard.

Dangote Refinery ipo is innocent of all your accusations from Oando

gds4real:
Thank you for "chesting" this claim. What made you thought zenith won't pay shishi in the first instance?
Fundamentals? Or just mere saying?

Plan for the best, prepare for the worst

faoogoke:
Somebody said Zenith Bank won't pay shishi.
I wonder what he has to say now?
Fake news?

I said so. Now I have been proven wrong. Let me prepare to receive my dividends.... smiling like jonnysessy

mikeapollo:
So you think the JSE price is ''perfect'' or accurate.
Don't you realize there are factors that may influence different pricing on different exchanges e.g. information asymmetry?
We know more about Oando and its prospects, challenges, difficulties, potentials, expectations, Wale's shenanigans etc. than they do in SA

It is perfect. You're pricing in stochastic variables in Nigeria

mikeapollo:
Okay oooo
Show us calculation of your valuation

If I calculate it would be 10 naira... using global valuation standards as OAO is priced on the JSE....

mikeapollo:
Okay, but what you just explained happens to all the stocks on NGX, right?
So no be only Oando own go be problem.
We wan breathe small

Oando is a classic study in dysfunctional pricing. That stock is less than 12naira per unit in real terms even with all the reserves

Don't bother applying if you're not from the zone

iykecollins1:
Azera 014 GDI engine

I need 2003 sequoia rear brake discs

jonnysessy:
All eyes on NGX corporate disclosure. This is hoping another extension will not hit shareholders in the face. It was as if 9th of October 2026 will not come. But, guess what ? The day is tomorrow

Zenith is not paying shishi...drink water on GT..

yMcy56:
Thread sanity and more of investment/stock focused thread.....lol.


Ironically, Mega is my long term good brother on this thread and orderly at least.....
I don't know why he just changed and started derailing.......
Most annoying part is when corrected, he would take an offence, became adamant, insultive and acting irrational...
The kind of "friend" I'll keep or relate with and I can't tell him/her the truth, I'd rather not have such around me.
If you do anyhow, you get anyhow....then we move on again.....😁

If I do anyhow, correct me too, I no too dey vex for that kind thing......
I can't count the number of attacks I've got on this thread......we still move on on topics of interest afterwards.....😊

The absolute lack of self control vis a vis self examination is truly unacceptable. No doubt he's been very good member of the platform in the past and sometimes when he gets to sober moods.

yMcy56:
Hhmmm..
This is interesting...
Invariably, the Rise and Fall of OANDO is in the hands of WALE.....as Mega used to insist.

Now, there's an interesting clause there:
"OODP is committed to fully subscribe to its Right entitlement"
OODP also says previously that its no longer buying out minority shareholders.... meaning it's not going private.

Uncle WALE, whatever your game plan is, pls carry us along make minority also follow you chop, na beg we dey o. Ejowo Sir 🙏

** Meanwhile, it seems the bot has given Megawealth long ban, lol

No wonder the thread seems more market focused

Sad development the supplier ought to be in there too

Court Jails Cable Dealer For Selling Counterfeit Coleman Wires

…Says Fake Products Portend Grave Danger To Society

A Magistrate Court sitting in the Ojodu Abiodun Magisterial District of Ogun State has sentenced Samson Okonkwo, a businessman, to jail with hard labour without an option of fine for selling counterfeit Coleman wires and cables.

Magistrate O.P. Mobee handed down the sentence on September 24, 2026, in Charge No. MOJ/138C/2025 between the Commissioner of Police and Okonkwo.

Okonkwo was arraigned on April 10, 2025, on a four-count charge, including conspiracy to forge Coleman wires and cable products, unlawful possession of forged products and selling of products bearing forged Coleman marks.

According to the judgment, 317 coils of cables bearing Coleman wraps and labels were recovered from the defendant. The prosecution told the court that tests and physical comparisons showed that the cables did not originate from Coleman Technical Industries Limited.

The court heard that while the recovered cables were marked as 2kg products, one of the seized cables weighed 1.2kg, compared with 2kg for a genuine product brought from the Coleman factory. The prosecution also demonstrated differences in the copper content and other identifying features.

In his defence, Okonkwo, who resides at 5 Oderinde Street, Akute, Ogun State, said he had been trading in electrical items for 20 years. He told the court that he bought the cables from Alaba Market and had receipts for the purchases, which he tendered as exhibits.

The court, however, held that the prosecution had established the counterfeit nature of the products and that the defendant's defence did not satisfactorily rebut the direct evidence presented.

In sentencing the defendant, the court considered his status as a first-time offender, family man and breadwinner, but noted the dangers associated with counterfeit electrical cables, including cable sparks, electrical fires and electrocution.

Magistrate Mobee said the punishment was intended to serve the purposes of retribution, deterrence and protection of society.

The court consequently sentenced Okonkwo to imprisonment with hard labour, without an option of fine.

Reacting to the judgement,
Managing Director and Chief Executive Officer of Coleman Technical Industries Limited, George Onafowokan, described the conviction of a trader for adulterating and faking Coleman cables as a major victory for the company, its customers and Nigeria.

Onafowokan said the judgment marked the first time, to his knowledge, that a person involved in the adulteration of cables had been legally convicted in Nigeria, describing it as an indication that the country was beginning to treat cable counterfeiting as a criminal offence.

He commended the Nigeria Police Force and the judiciary for supporting the company's efforts to pursue the case, which he said had lasted for almost two years, involving raids and other enforcement actions.

According to him, the conviction demonstrated that businesses could continue to fight against the activities of counterfeiters and protect their investments, customers and employees.

Onafowokan, however, criticised the Standards Organisation of Nigeria (SON), alleging that the regulator had not provided adequate support throughout the process.

He said that despite several raids, seizures and confiscations of adulterated cables over the years, there had been no corresponding criminal convictions that could serve as a deterrent.

He contrasted the situation with the enforcement approach of the National Agency for Food and Drug Administration and Control (NAFDAC), arguing that stronger consequences had helped to deter the sale of adulterated drugs.

The Coleman CEO said counterfeit and substandard cables posed serious risks because they could be undersized, lack proper fire-retardant properties and cause short circuits that could result in fires and loss of lives.

He called for stronger enforcement powers and action by SON, saying regulators should focus not only on removing substandard products from the market but also on ensuring that offenders face criminal consequences.

Onafowokan said Coleman had been forced to finance enforcement efforts and support legal proceedings to protect its brand, adding that such responsibility should ordinarily not rest on the manufacturer.

He expressed appreciation to the Inspector-General of Police, IGP Olatunji Disu and police formations involved in the case, saying the conviction had demonstrated that faking and adulterating cables was a crime that could be pursued through the justice system.

ajbabs:
https://guardian.ng/news/nigeria/metro/nine-year-old-arrested-over-alleged-deaths-of-four-family-members-in-yobe/

The father must be an active bandit....and raised in the iswap camps

thebargainhunte:
You nailed it. But then, on the qualification date for Tranche 1 share distribution, Oando closed at N70, whereas for Tranche 2, it closed at N54.95. I suspect management doesn't want minority shareholders to participate in the Rights Issue, which explains why they have been releasing poor results to suppress the stock price. Right now, I am just waiting for regulatory approval, once that comes through, the price might start inching up.

Lols looool a company with negative equity of over half a trillion naira.... With a debt profile of 2.7 trillion naira.... You can imagine how much is being used to service the debt.... Yet the CEO has time to be importing EV cars.... Moderate your expectations please

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -3.23%
SEPLAT. ±

Oando doing the doings

Ladygracy:
No bid on Vitafoam for Weeks now.

Why is that

.

Erniemax101:
Who would have thought we’d live to see an era where Presco could be described as illiquid? The NGX is truly a unique animal.

Same as aradel and okomu.....all have been in free fall

Received two years ago not a recent thing. I don't know why they're just parading it

Afrobasic:
Is this really what Ibadan needs?

Like what is wrong with our leaders for godsake?

Another International Airport when Lagos own is close by? Meanwhile the roads are in terrible condition and the state infrastructure has barely changed since the 1980s.

Who cursed you in Africa abeg

Fixed. Carry your problem go.

millo:
I am heavily in access and waiting for the results. Up 15% so I have exit buffer if needed.

Well done, you now have a part ownership of an EV company

Yoursfaithful:
Thought you dey believe in Access before..Access na another oando ..dem go whine you but no panic

Oando is busy launching EV buses in Lagos.... Wale is going off oil....


Finally, recall those electric buses we announced their test-run about a year ago or so, Oando has now completed their test run, an initial 50 buses have been shipped, on their way out of 500 coming to Lagos.

alexokeke325:
Hello pls, is zedcrest reliable?? Hw fast is their service interms of deposit and withdrawn of funds

Faster than stanbic ibtc