₦airaland Forum

spiSeyi:
Even the Bible warned us not to say every good thing we know

Diamond098454:
If you were in her shoes you will do the same

Married men cheat a lot why?

Streetinvestor2:
Yes I will be monitoring them to see if the 100,000 barrel production is on course as the target yr is 2030. If any break in transmission. I will japa as no emotion attached to any stock again

SmartInsure:
Dangote Moves Petrol Price Again and Nigeria’s Fuel Market Is Watching Closely

https://naijaticker.com/news/naijaticker/dangote-moves-petrol-price-again-and-nigerias-fuel-market-is-watching-closely?utm_source=nairaland&utm_medium=referral&utm_content=thread

Stockpromoter:
JapaulGold AGM Today 📌

Today, August 21, marks the JapaulGold AGM. Investors will be watching closely for updates on the company’s plans, performance and outlook.

The key question for traders: Will the AGM bring fresh confidence and trigger renewed buying interest in the stock?

Today’s price action and volume should be watched closely. AGM outcome + market reaction = the real signal.

SonofElElyonRet:
@mikeapollo

edwardaigb:
Market will be this, market will be that, all is bullshit. Buy good stock and avoid insurance stocks and relax. After over 20 years, I can only say buy good and dividend paying stocks. Don't be deceived.

HesInMe:
Not saying they're balling, but you might be conflating insurance brokers, who are independent and live off of commissions, with insurance carrier agents. Most (all?) of the listed companies are carriers.

essentialone:
Explain more...

essentialone:
Lasaco Assurance Plc survived. Next is for them to now show workings and prove that those who trusted them enough to pour in Billions of Naira to rescue them at the last minute, were actually Investors and not just speculative Gamblers.

Zagee:
"Perspire to acquire so we can inquire to refire" type of sh*t.

🤣
Go Wale... Go Wale...😂

essentialone:
The human cost of the NAICOM recapitalisation exercise. While NAICOM set the rules, we should blame *boardroom indecision* for what happens next.

*1,500+ INSURANCE JOBS LOST*

7 legacy insurers failed to recapitalise in time, and are now winding down. That’s pushed *over 1,500 core staff* into the labour market.

*BREAKDOWN OF AFFECTED STAFF*
1. *African Alliance Insurance Plc*: ∼550 employees.
2. *Nigerian Agricultural Insurance Corporation (NAIC)*: ∼350 employees
3. *Staco Insurance Plc*: ∼150 - 240 employees
4. *Universal Insurance Plc*: ∼135 - 163 employees
5. *Goldlink Insurance Plc*: ∼105 - 150 employees
6. *NICON Insurance Plc*: ∼50 - 100+ employees
7. *Royal Exchange Prudential Life Plc*: ∼20 - 50 specialist employees.

Thousands of *tied agents, brokers, and service providers* are affected too.

*WHO IS TO BE BLAMED*
1. *Boardroom inertia*: Delayed capital injection, failed M&A talks, poor capital allocation.
2. *Missed the window*: Didn’t inject equity or restructure early enough during the recapitalisation period
3. *Loss of premium income*: NCRIB directed brokers to stop doing business with non-compliant firms. That cut off cashflow, so boards couldn’t even pay salaries.

*REGULATOR'S SIDE*
NAICOM’s position is that "weeding out weak operators is essential for a healthy financial system" and policyholder protection. The new NIIRA 2025 capital thresholds were meant to make insurers stronger.

48 insurers + 2 reinsurers met the July 31, 2026 deadline and raised ~N720B. The 7 above didn’t.

*THE BIGGER PICTURE*
This is the painful part of financial sector cleanup.
- *Short term*: Job losses, stranded policyholders, and claims uncertainty
- *Long term*: A stronger, better capitalized insurance sector that can actually pay claims and absorb risk.

For Universal Insurance specifically, this matches the licence revoked Aug 14, receiver appointed, and now we see ∼135-163 staff affected there.

It’s a reminder that regulatory deadlines are real, and board decisions have direct consequences for workers.

robobo:
Oga Mike. Na for where i call you names in my post? I only equates you to Wale via an alias. If anybody alias me as Elumelu or Otedola, i will only laugh and take it as good humour.

You need to be less emotional on Oando.

As for the shade on being able to read AFS, i take it in good faith because i have never denied that i went to night school.

FYI this moniker also is in the Oando boat albeit since several years back and already written off from my books.

Selah

robobo:
Abeggiiii. Make Wale (alias Mikeapollo) face front

Which huge funds does he need wey wan pass Aradel and Seplat own

did Aradel listed on multiple exchanges to achieve its own

Even Seplat wey list for London na very recently dem list

what has been the benefit of Oando listed in JSE after more than 10 years

that is after listing on Toronto exchange earlier on

The guy is just a confused man all because he wan chop alone

Agbalowomeri:
We are waiting @50

SonofElElyonRet:
Access Bank Loses ₦1.34 Billion To Fraudsters, Moves To Recover It

SmartInsure:
Geregu’s ₦6 Billion Bond Default Sparks Fresh Crisis as CEO Is Replaced https://naijaticker.com/news/naijaticker/geregus-n6-billion-bond-default-sparks-fresh-crisis-as-ceo-is-replaced?utm_source=nairaland&utm_medium=referral&utm_content=thread

orriyomi33:
When I'm still waiting at sub 100😮

Ibusho:
https://punchng.com/oando-targets-100000boepd-with-62-new-oil-wells/

Ameboperoo:
I be de study this AVACAP like this

yarimo:
Adeleke is a criminal he must be defeated tomorrow

megawealth01:
Emurasi Sir

Agbalowomeri:
Oando don woundjure prophet

Eyes don dirty. Make prophet no enter gutter

shegztech:
I attend Rccg so naturally I am supposed to be biased. You clearly have not heard mfm's ministrations. They are even better than HOTR

ghm:
Thank you.

In addition, I may not know the economics of inflation, but my experience has shown that it is not as bad as we usually paint it. I see it as : we receive both good and evil, and we choose to emphasise the evil without mentioning the good.

For example, I have equipment leased to a company. Before 2019–2023, I was paid N1 million monthly, and after paying the operator and maintenance, I was left with N400,000 profit. In 2023, after the "reforms," my expenses jumped to N900,000, and I was left with N100,000 profit. In 2024, we asked for an increase due to the circumstances – inflation, exchange rate unification, subsidy removal, etc. – and N2 million was approved. My expenses jumped to N1.2 million again, and I was left with N800,000 profit, which has continued till 2026.

Now, most people will say my expenses jumped from N400,000 to N1.2 million – but they will never say my income increased from N1 million to N2 million.

The increases in salaries, allowances, prices of goods and services we offer, dividends, rents, etc., are a result of what we are complaining about bitterly – yet we hardly mention them, but cry foul over our increased expenses.

How do we explain that? Or am I missing a perspective?