₦airaland Forum

chimex38:
My problem is why announce you want to take over 51% share of the bank.
His competitors will also now begin to restrategize.
eee for just dey do im thing low key.

Even Oba Otudeko dey low key dey accumulate.

Definitely Ote$ is under pressure behind the scenes.... Anytime you see a billionaire screaming to the media just like Dangote a few months back.... there's often a hidden fire under their thing

I have noticed a few gamblers, hawking emotional stocks rather than pure fundamentals and objective performance whilst some aggressively defend terrible firms.... Some just derail into blogging.... Whilst some get aggro on the government during a lull in the market.... Well I didn't mention japaulgold Oando or ticking tickets...or accessible holders.... while not forgetting the executive assistants to CEOs in here.... Please tell Wale to free Peter.... Also those pushing speculative insurance stocks...eku ise

megawealth01:
OTEDOLA is a trained YORUBA man, respect for elders is paramount

He drew blood. The weeks ahead would be interesting ...here


In this exclusive interview, Otedola breaks that silence.




Nairametrics: When you made your investment, First HoldCo was carrying legacy challenges that eventually culminated in the record impairment losses reported in 2025. Was there any point during that period when you questioned your investment thesis, or were you always confident the bank would emerge stronger?

Otedola: First Holdco Plc was an institution on the brink. Before 2021, First Bank of Nigeria — the country’s oldest and once most trusted financial institution — stood at a genuine crossroads. Years of weak governance oversight had allowed unethical practices to take root at the highest levels of the organisation, culminating in a period where the institution’s stability was in serious question.


The bank’s loan book had deteriorated to the point where over ₦2 trillion in bad loans sat on its balance sheet — a burden compounded by a culture of recalcitrant and delinquent debtors who treated the institution as an outlet to exploit, obtaining credit facilities with little or no intention of repayment. The Central Bank of Nigeria found the bank’s capital position so compromised, and its governance failures so severe, that the institution stood on the verge of regulatory takeover to protect its over 30 million customers and minority shareholders.

In a decisive intervention, the CBN dissolved the entire board of First Bank and its holding company, citing breaches of regulatory directives, unresolved insider exposures, and a leadership transition executed without due process or regulatory approval.

megawealth01:
Jagaban fit dey hide something but not presenting his OLEVEL shouldn't bi it in my own opinion... As for having Olevel or Alevel, he go get am...

And for Buhari certificate abeg make we no go there ooooo

Let's allow Buhari be joor

My leader stay on course please

StockJamesStock:
Otedola grants first-ever interview since becoming First HoldCo Chairman
https://nairametrics.com/2026/08/03/the-femi-otedola-interview-why-im-betting-my-fortune-on-first-holdco/

He just stopped short of mentioning Oba Otudeko and co... something must be happening behind the scenes

megawealth01:
They two go enter red before your very eyes👀

Experience talking....school fees paid and learning done

Ego turns losses into longer learning curves. Accept the result cleanly, extract the lesson, and the next trade improves

SmartInsure:
₦1 Billion Profit in Just 6 Months? AVA Capital's Stunning Numbers Have Investors Talking

https://naijaticker.com/news/naijaticker

What's the P/E and P/B ratios.... That stock is overpriced.... Ucapital is vastly better....

Meanwhile Dangote Cement is planning a secondary listing in London, targeting later this year... grapevine

mikeapollo:

Wale has a lot to do and prove. He cannot mismanage and hide forever.
Personally, I got Oando for peanuts around N4-N6; and have received almost 2m units from the share redistribution alone.

Oh I see....

That's a doomed brand. Bro stick to OEM Toyota Honda and Hyundai or Kia....

megawealth01:
You don't know WALE sef

He knows Jubril, but he's living in denial....e get as you go hook for Oando ehn ....e go be like drugs...even your helper you go fit break their heads... I sincerely hope Oando is what the heart palpitations and anxiety.... for him

mikeapollo:
If Aradel should start having problems, these your fine adjectives will change overnight.
As a downstream company, Investors were also praising Oando when it was declaring N2-N4 dividend and bonus up to around 2012.

They both are in the upstream sector.

Oando started struggling as upstream company, apparently because of inexperience and lack of full knowledge of the challenges and intricacies of the industry. That is very poor, an indictment and indication of incompetence of the management. They seem to be learning as they go, which is very bad enough for investors.
But hopefully the biggest problem (debt finance) will be reduced drastically with a successful fresh capital raise.

The MD/CEOs of Aradel, Seplat etc are people with solid prior experience who had worked for decades for big IOCs like Shell, ENI, Mobil. Addax etc.
But Wale had no such experience. He was probably lured into ''upstream'' by the hype, and fortunes associated with these big players.

You just affirmed that Oando has not been on the ordinary shareholders side since 2012.

But more importantly you affirmed that wale and his team are utterly clueless and incompetent and couldn't even hire competent management....

Finally if I buy any company that goes astray like Oando I'd be gone in a jiffy... My umbilical chord is not tied to any shares.... Na investor I be not family member....as at today my investment have been recouped out of FIRSTHOLDCO.... So whatever is left there is for me to monitor ote$ to the end before bailing...

mikeapollo:
I think Aradel operates in the upstream and midstream (local refining) sector
Oando operates in the upstream only, for now

Complete vertical integration. With competent management and transparency.... No deliberate excessive corporate debt

megawealth01:
Earning big while declaring losses

That's Jubril Adewale for ye

mikeapollo:
Are you concerned with the amount of dividend payable to Ote$?
I think SEC and CBN are more concerned with statutory, regulatory and industry compliance. The amount a shareholder receives as dividend is not their worry.

Both are directly related

mikeapollo:
The CEOs remuneration table (data) referenced 2018 ad 2019.
Can you get a more recent one like 2024 or 2025?

2024

megawealth01:
OANDO gave dividends stylishly sha

₦41.25 Billion is the combined dividends accruable to Ote$ if CBN approves the 60% of PAT dividend payout.... let's see if SEC and CBN would agree

ufotunang:
..I thought Trump would end this war..but till now cannot end it

Even the one he started don hol am ....

Streetinvestor2:
How does all you wrote here mean they are not in same oil and gas sector. So it how company is now managed that determines the sector it belongs or qualifies. Haba I expected u to do better than this oh

Although I can't remember quoting you... deliberately....
Business life cycle. The format is very well known it involves a pattern of aggressive fund diversion, severe corporate indebtedness, and high-handed management..... If you were of age then you can remember one lawyer like that that ran an airline, insurance company and oil firm into the ground....if not seek people like megawealth01 or peter or mercy to explain the format to you....

Aradel is only comparable to dangote Refinery and seplat, but with the cowboi going to the latter I wouldn't hold my breath

Governance risks the lone key man control is the chief issue with Oando.... And may creep into seplat.... Whereas aradel hasa balanced board and healthy institutional consortium led management and vertically integrated (Refinery, Gas Plant, Upstream) operational focus....

Aradel and Oando are not in the same sector. One is a complete system with it's own refinery, competent management who have investors in mind. The goals of management is aligned with that of the shareholders.

The other has divergent goals. If break even happens in Oando today....the management might decide to go and acquire another moribund asset elsewhere.... taking deliberate care to deprived the long-suffering ordinary shareholders of their financial benefits.... I don't understand why Oando CEO is the top two best remunerated after MTN Nigeria.... At a time the firm shareholders are doing night vigils.... Profit tanking, share prices plummeting the CEO was busy increasing remuneration by 67%....

My financial advise:
Sell OANDO. No matter how long you travel on the wrong road you'll never get to the desired destination....the earlier you turn back and get on the right lane the better for you.


Even when Oando was running petrol stations I had the worst experience with them in Abuja....

Stockpromoter:
I respect your view, but I think it's too early to conclude JapaulGold has "nothing tangible."

The market isn't pricing only today's earnings—it's pricing future potential. JapaulGold has been repositioning through its mining business, strengthening its balance sheet, and raising capital specifically to execute that strategy. Whether management delivers is what the market will judge over time.

Yes, the stock has speculative elements, but that doesn't automatically make it a bad investment. Many successful growth companies traded on expectations long before their earnings caught up.

Time is money. Japaulgold has nothing to scale up. It's overpriced based merely on speculation. Hope it's not a Ponzi stock... The fact that you're marketing it like it is among an ngx30 turnaround story is exceedingly suspicious.... Again I respect your hustle even though I don't agree

End the war... Or kip quayet

Asangbekoko:
My good sister, why are you still marketing Oando?
Do you recall that we have been debating and hoping about this stock for over a decade now?
Kindly accept my due respect.

A company that has not paid dividends since the regime of President Goodluck Jonathan

SonofElElyonRet:
After all the waiting, we should be talking about a higher target like N10 joooor.. anyway let's hopefully get to N5 first

It may not get there... Japaulgold has nothing tangible to scale towards such growth.... It's a pure speculative play. Always consider wider sources for your investment decisions... Some of these firms ought not to be allowed to collect investors funds.... Including Oando

Stockpromoter:
JAPAULGOLD: WHY ₦5 IS NOW A REALISTIC TARGET

With the release of the Q1 & Q2 2026 financial results, JapaulGold has given investors more reasons to believe its mining transformation is progressing.

Why the market is becoming more bullish:

• Mining is now taking shape. The Q2 report disclosed Mining Work-in-Progress, showing that the company is investing in developing its mining assets rather than just holding mining licences.

• Fresh capital is available. The report also confirmed that funds were raised through a Private Placement, giving the company additional working capital to execute its mining plans.

• Subsidiaries are being strengthened. Recent board changes in Japaul Mines & Products Ltd., Japaul Shipping & Offshore Services Ltd., and Japaul Dredging Services Ltd. suggest the company is positioning its businesses for the next phase of growth.

• Corporate governance is improving. The company has strengthened its governance through board committees, ESG oversight, board evaluation and other governance initiatives.

• The balance sheet is stronger. Earlier financial statements showed improved shareholders' funds and net assets, giving the company a stronger financial foundation.

• The mining vision remains on track. Japaul continues to pursue its long-term mining strategy, with ongoing investment and development across its mining assets.

Market Outlook

The stock market prices future expectations. If Japaul continues to execute its mining plans and delivers further progress, the market could continue to revalue the company.

Based on the company's recent progress, a move toward ₦5—and possibly higher over time—appears achievable, provided execution continues and market sentiment remains supportive.

Bottom Line: The Q1 & Q2 2026 results, fresh capital, mining investment, stronger governance and subsidiary restructuring all point in one direction: JapaulGold appears to be moving from planning to execution, giving investors more reasons to stay optimistic.

This is purely better characterized as a bullish, promotional piece that omits the risk warnings, regulatory disclosures, and independent valuation necessary for a professional investment recommendation.... Who's bankrolling you?

megawealth01:
Like now some persons are taking positions in insurance sector... It's risky but people are taking the risk... Can you risk insurance? I won't mention any because I am currently trapped in one but you see that LASACO I will hold it till they disappear... I'm heavily loaded there sha

How much more do you need to do MTO of LASASCO? We might support you...

yMcy56:
ARADEL
* Streetinvestor2
Below is the press release on ARADEL....

https://doclib.ngxgroup.com/Financial_NewsDocs/47747_ARADEL_HOLDINGS_PLC-PRESS_RELEASE_ON_Q2_UFS__CORPORATE_ACTIONS_JULY_2026.pdf

Wale will keep mum...as long as administrative expenses happens unquestionably

Peterlove11:
Lol.....that was how I follow petriechy recommendation enter Oando , now it seems based on the last FS, the price will be on a decline. Oando needs both doings and prayers

Oando may pick up but not soon.... Buy healthy companies at good prices. Credible management is key.... Oando is a sick child.

Happy New Month all. Investors, Oando baggers, and LASASCO prayer warriors.

PETERiCHY:
Bear in mind that By and Large
WALE will used SOME of the FUNDS he SIPHONED via ADMINISTRATIVE EXPENDITURE to pump OANDO to circa #52.


BARGAIN HUNTERS TAKE NOTE!

Let us know when he starts pumping

Our wife... She's doing well

deathwing:
Cause for concern? All the TIP insiders except the founder have sold their holdings. Free float is a whopping 89%. No institutional holdings.

Cash out.