₦airaland Forum

Even the sharpest seers and crystal-ball gazers among you could not unravel the ordinary person behind this moniker, quietly doing extraordinary things.

nosa2:
I pray nobody on this thread shares kidnap story one day

The S&P is on a strong rally today, almost feels supercharged. I expect the NGX to mirror this momentum on Monday.

This caught my attention:
“Perkins said that one year he gifted $16,000 tax-free to 30 to 40 people.”
Now that’s on another level—this man must be a real Baba Ijebu!

pluto09:
https://fortune.com/2026/04/30/multimillionaire-hedge-fund-manager-bill-perkins-money-should-drive-fulfillment-spending-it-all-before-he-dies/

It would be great if you could share your success story and provide updates. Many members here hold both you and Mr. Emmanuel in high esteem.
Don’t be deterred by those who dismiss lived experience as mere “audio.” What you’ve achieved is a testament to God’s grace and the power of compounding.

megawealth01:
I did share my success story last year

Shosho, how are you doing?
Happy Workers' day!

StockGiver:
STOCK PICK FOR THE MONTH: CHAMS PLC


• Strong Q1 2026 Performance: Momentum in Revenue and Profitability
CHAMS delivered solid top- and bottom-line growth in the first quarter:


Gross Profit increased substantially to ₦1.33 billion, aided by a roughly 7% drop in cost of sales, reflecting better operational efficiency or favorable input costs.

Profit After Tax (PAT) surged 188% (or nearly 2.9x) to ₦429.4 million (from ₦148.9 million in Q1 2025).

This profit jump highlights operating leverage and possibly higher-margin contributions from areas like cybersecurity services, which have been noted as a growth driver amid rising cyber threats and regulatory demands in Nigeria.

The company also showed balance sheet discipline:
- Total Equity grew to ₦19.95 billion (from ₦19.52 billion at end-2025), driven almost entirely by retained earnings from the quarter's profit.

- Liabilities decreased meaningfully (to ₦11.88 billion from ₦14.86 billion), mainly from lower trade payables.

- Operating cash flow was positive at ₦455.7 million, supporting reinvestment despite some loan repayments and capex outflows.

These figures build on full-year 2025 results, where revenue grew ~18% to around ₦17.5 billion and PAT reached ~₦606 million. Q1 2026 suggests the growth trajectory is continuing, with improved margins in the early part of the year.

Strategic Expansion into High-Growth Areas (AI, Data Centers, Digital Infrastructure)
CHAMS is evolving beyond its traditional identity management, payments, card production, and transaction switching businesses (core to SIM cards, bank cards, and digital IDs):

- In February 2026, the company launched Chamscorp Plc, a new subsidiary focused on digital device manufacturing, data centre design/operations, AI infrastructure, and intelligent systems. This positions CHAMS in Nigeria's emerging AI and digital infrastructure boom.

- Leadership appointments (including experienced figures from finance and data analytics) signal serious intent.

- Nigeria's digital economy is expanding rapidly, with massive growth in instant payments (NIP transactions), fintech adoption, e-commerce, and government digital ID initiatives.

CHAMS' established role in identity and payments gives it a strong foundation to capture value in adjacent high-margin areas like cybersecurity and AI-enabling infrastructure.

The capital raise of ~₦7.5–7.65 billion in 2025 (via rights issue/private placement) has strengthened the balance sheet, providing dry powder for these expansions, cross-border payments, and fintech innovations across Africa.

A proposed dividend (e.g., 3 kobo per share) also signals returning capital to shareholders and confidence in cash generation.

Valuation and Upside Potential
- Improving Fundamentals: Double-digit revenue growth historically, sharp PAT expansion in Q1, positive cash flow, and a cleaner balance sheet (higher equity, lower liabilities).

- Multiple Expansion Opportunity: As CHAMS executes on Chamscorp and higher-margin digital/AI plays, the market could re-rate the stock from a legacy payments/ID play to a diversified digital infrastructure leader.

- Nigeria Fintech Tailwinds: Continued CBN support for digital payments, AfCFTA-driven cross-border opportunities, and structural demand for secure identity solutions.

- Catalyst Pipeline: Further details on Chamscorp progress, potential new contracts in government/biometrics, full-year 2026 guidance, and any M&A or partnerships.


This is not financial advice. Always conduct your own due diligence

Thank you so much for your kind words and thoughtful contribution. I truly appreciate it.
You’ve raised a very important and often under-discussed dimension of compounding: the role of active decision-making alongside patience. You’re absolutely right—markets are not always forgiving, and not every drawdown recovers within a reasonable timeframe. The point about “taking profit off the table” and staying vigilant to changing fundamentals is well noted.
I agree that there are different paths to compounding. For some, it is more active and opportunistic, rotating capital, locking in gains, and repositioning into higher-growth ideas. For others, like myself, the bias leans more toward endurance, conviction, and allowing time to do the heavy lifting, especially when the underlying fundamentals remain intact.
That said, your perspective is a valuable reminder that conviction should never become complacency. The discipline to reassess, pivot when necessary, and detach from sentiment is just as critical as the discipline to stay invested.
In truth, both approaches—active and patient can coexist. It often comes down to temperament, strategy, and clarity of purpose.
Thank you once again for enriching the conversation, and I’m glad the audiobooks have been of value. Wishing you continued success on your journey as well.
Happy Workers’ Day!

aj8:
Congratulations Mankind2024. May your expressed ambition and many more not yet expressed, come to pass by His Grace. I just want to add a point or two to your very well-written reflection.
Compounding is good, the 8th wonder of the world. But it doesn’t always need to be passive, it can be active or even aggressive. In trading, the phrase 'take profit off the table' exists for a reason: trends can reverse instantly when economic momentum shifts. While some markets recover quickly, others take decades. A stock falling from 100 to 4 might eventually return to 200, but only if time is on your side. While there are 'forever' stocks where I’m happy to stay in the passenger seat, I believe in remaining vigilant. If the fundamentals or prospects decline, I prefer to exit without sentiment and pivot to fresh opportunities with higher growth potential. Compounding continues but actively leaving only my failed attempts to run passively but still given fuel by prayers and hope.

Happy Workers Day

I can't thank you enough for those audiobooks you share from time to time. Thank you, sir.

A pleasure 🙏

ghm:
Congratulations on your agile portfolio.
Thank you so much for sharing also. I am sure you are achieving one of your aims, to motivate others. I am motivated. Well done.

If you don't mind, could you please show/share the full list or some of the major equities in the portfolio?

I truly respect the privileged insider insights you consistently share on this platform. Perhaps, once in a while, you could also walk us through how you crossed your first ₦1 billion—and the journey all the way to ₦7 billion. Lol.

Sunrisepebble:
I’m looking for something to deliver 40-50% from current price for me. The stocks that can do that I already have them:
GT & Zenith (if you include dividend yield )
Wapco
MTNN (if they become serious in subsequent quarters)
Seplat
TIP, e pains me I didn’t buy more on the floor
DangSugar rights honestly does not look bad. The money raised will be put to good use

This is the same pattern we saw between 2021 and 2023, when many investors sold off Unilever, WAPCO, First Bank, and ETI—often too quickly and too soon.

Digitron:
I am happy I sold half of my Access.

I will streamline my Banking Portfolio to serious banks (GTB, Zenith, ETI, Wema and Stanbic)

I also heard Fidelity will not pay

Kindly share your story as well. We need more voices to enlighten others that staying the course—and spending time in the market—is the true path to success.
This is not an audio tale or theory; it is a lived experience.
I can confidently say this: my children are already wired with the mindset of save and invest.

megawealth01:
I always enjoy your success story

From a Joke to a Journey: The Quiet Power of Discipline and Compounding.

A Personal Reflection
In 2022, I reconnected via WhatsApp with a university friend I hadn’t seen since 2012. It was shortly after the birth of my daughter—my third and last child. I often say, half in prayer and half in gratitude, that I do not wish for another child as my wife refused to sterilize and also dislike family planning, may God, in His infinite mercy, bless those who desire children with their own. Amen.
During our conversation, he casually asked, “When are you visiting the US?”
Without thinking, I replied jokingly, “When the profits from my US portfolio are enough to fund a trip for my family of five.”
At the time, it was nothing more than a lighthearted remark. In truth, I had never even applied for a Nigerian passport before, let alone seriously considered traveling abroad. I am anti- JAPA.
My entire US portfolio was worth less than $1,000.
But something changed.
As I grew in entrepreneurial wisdom, knowledge, and understanding—driven by a strong conviction for FIRE (Financial Independence, Retire Early)—things began to take shape. I made a conscious decision to take control of my financial destiny. I tuned out the noise:
“The US market is overpriced.”
“The dollar is losing dominance.”
“China has taken over.”
“A massive bear market will crash the NYSE.”
“The US economy is unsustainable for her deficit.”
“BRICS will replace the West.”
Through it all, I remained disciplined, consistent, and patient—allowing time to do what it does best: compound.
I look back at moments that could have shaken me:
The August 2024 market dip (BlackMonday), when my portfolio was down over $11,000—deep in the red. I did nothing.
The 2026 ongoing strait of Hormuz war between Iran, US and Israel, alongside global tensions and Oil blockades when my US portfolio dropped by over $17,000. Still, I held firm.
No panic selling. No emotional decisions. In fact, in 2026, I have not made a new US investments—only reinvested dividends.
Today, as I reflect on this journey, I find myself nurturing a new ambition: exploring the United States. I don’t know exactly when it will happen, but I am confident it will. And when it does, I’ll share those moments without my pictures —perhaps even photos titled “Mankind2024 in the US.”
What once started as a joke is gradually becoming a possibility.
Here’s the most powerful part: without touching my capital, the unrealized gains from my portfolio alone could now fund a holiday with return trip from Nigeria to the US for a family of five.
If there’s one thing I hope this story conveys, it’s this: there is power in vision, discipline, and affirmation. Stay the course. Let time and consistency work in your favor.

NOT EVERY RACE IS A SPRINT
In the pursuit of financial independence, not every race is meant to be a sprint. Some journeys demand endurance.
One of the earliest lessons on this path is that investing is a marathon. In a marathon, the objective is not just speed—it is survival, resilience, and ultimately, reaching the finish line. While moments of acceleration may occur, true success belongs to those who endure.
Marathon runners embody four inseparable qualities: discipline, patience, time, and consistency.
Many investors are disciplined, yet lack the patience to allow compounding—the so-called eighth wonder of the world—to work in their favor. Others are consistent, but without discipline, they fail to harness the true power of time. These qualities are not independent; they must function together.
Retail investors often begin their journey with ambition and hope. The goal is clear: build wealth. But somewhere along the way—often just before reaching their first major milestone, say ₦10 million—fear creeps in. Panic selling begins. Compounding is disrupted. Others, despite demonstrating discipline and consistency, end up sabotaging their progress in the name of “booking profits.”
Self-sabotage remains the greatest enemy of long-term wealth creation. The day I chose the path of wisdom was the day I consciously eliminated this tendency. Without overcoming it, discipline, patience, time, and consistency cannot fully manifest their rewards.

A Personal Reflection
My portfolio tells this story better than theory ever could.
Between 2019 and 2020, Unilever Nigeria Plc was going through a difficult phase. It was, in many ways, a “stone rejected by the builders.” The stock was consistently sold off, with its price falling from around ₦30 to ₦13.
That period, however, presented an opportunity.
I began accumulating shares gradually, building a position in tranches. By 2022, I had amassed 100,000 units at an average price of ₦14.91. At the time, there were no dividends, and the company was undergoing significant restructuring—bringing in diverse leadership across nationalities, focusing purely on competence.
That investment was my “entry fee” into the marathon.
The reward? Returns that outpaced inflation, now ₦137.50.
This is not theory. It is lived experience. I have seen firsthand what patience and compounding can achieve.

Lessons for Today’s Investor
To those who believe the story is over for stocks like UBA Plc or AccessCorp, history offers a different perspective. Markets are cyclical. Today’s underperformers can become tomorrow’s leaders.
Currently, GTCO and Zenith Bank are setting the pace among the FUGAZ group, and rightly so—their management deserves recognition. But that does not mean others are without future potential.
Volatility will likely remain pronounced for UBA and AccessCorp throughout 2026. However, volatility is not synonymous with failure. Investors should be careful not to dispose of valuable assets at giveaway prices.

Echoes from the Past:
WAPCO Experience
Those who invested in Lafarge Africa (WAPCO) between 2019 and 2023 will recognize a familiar pattern. The company faced numerous challenges—ownership transitions, management changes, frequent commercial paper issuances, RI, rising energy costs, stiff competition, and operational setbacks.
Negative sentiment dominated the narrative.
Yet, even in those turbulent times, the company continued paying dividends from retained earnings. That consistency rewarded patient investors.

Policy, Reality, and Responsibility
It is also important to acknowledge external factors. Regulatory actions, particularly by the Central Bank of Nigeria (CBN), affected dividend payments for banks like UBA and AccessCorp. Additionally, foreign exchange policies in 2023/2024 significantly impacted the banking sector.
However, while policy shapes the environment, individual responsibility and behavior shapes outcomes.

A Deeper Reflection on Wealth and Society
A story recently circulated about a man who sold his house and squandered the proceeds within five years. While easy to dismiss, such cases reflect a deeper issue—a mindset that undermines long-term security.
Many people plan their lives around the assumption that they will not live beyond 70. Yet today, people routinely live into their 80s and beyond, often battling chronic conditions. Without proper planning, this leads to financial vulnerability in old age.
In Nigeria, social safety nets are limited. The burden of survival often falls on family and community.
Scenes of elderly individuals begging on the streets—like those commonly seen in places such as Iwo Road in Ibadan—are stark reminders of what inadequate financial planning can lead to.
Life eventually asks a simple but profound question:
What have you retained from all you earned?

The Bigger Picture
Yes, governance challenges in Nigeria are real—past and present. Weak institutions, inconsistent policies, and poor planning persist.
But the question remains:
Should individual financial futures be abandoned because of systemic failures?
The reality is that collective prosperity may remain elusive. Financial freedom, in many cases, is an individual pursuit.

Final Thoughts
To government workers, Happy Workers’ Day.
Be mindful that inflation steadily erodes the value of pensions long before retirement arrives. Life is not a rehearsal. Financial discipline is not optional—it is essential.
Leverage available tools, including the stock market, to protect and grow wealth against inflation—the silent destroyer.

And to the self-employed and independent thinkers who have taken control of their financial destiny—kudos. The marathon is long, but for those who stay the course, the rewards are real.

I’m sharing this video to support retail investors who may be feeling pressured to hand over their UBA PLC holdings to external 'gurus' like Peterichy limited and Agbalowomeri plc.
Take the time to listen, learn, and master these principles so you can maintain control over your own investment journey.


https://www.youtube.com/watch?v=uWiSp_42fWQ?si=qJvuFdaCkRLTDku8

compounder stock ✔️
+/_N35 by Q4
Conservative PE for UCAP = 5x
EPS = 8.72
Fair value =
8.72 × 5 = ₦43.6
Moderate fair value (PE 4):
= ₦34.9
Deep discount fair value (PE 3):
= ₦26.2

KarlTom:
UCAP Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46775_UNITED_CAPITAL_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

Wisdom prevails over stubbornness.
Iran has been severely constrained (Handicapped) by Donald Trump.

Macphenson:
Honestly sometimes it takes madness to stop madness. Trump blocking Iranian ports is more effective than throwing bombs on them.
In their entire existence Iran will never think of holding the global community hostage again by blocking the strait of Hormuz. Trump just showed the world the antidote to their madness.

@MCY56 must be very elated right now, your trademark stocks are performing exceptionally well: Zichis, Omatek, Livestock, and CHAMS.

yMcy56:
When you opened the Sell Order, it can't be showing executing because, firstly, you placed at 10.00am while Premarket starts at 9.00am.....meaning, lots of offers/sales has lined up before you come to the market...

2ndly, you placed offer at wrong price.....meaning, if placing bid or offer for any stock above N10, you should place the bid in 0.05 steps....
Example: If you placed bid for ACCESS @28.24 it won't go thru.....
The "Par Value" movement is in 0.05.....e.g. 28.20, 28.25, 28.30......31.40, 31.45, 31.50.....etc.

This is the deeply red moment Agbalowomeri has long awaited—the long-anticipated red day. This day will be remembered in the history of the NGX as the Red Monday of April 2026.

Agbalowomeri:

Omo make una pity my belle na

The S&P, the rate-limiting index, is on steroids.
This is simply a local market contagion, induced by UBA’s decision not to pay a dividend.

HesInMe:
Could we be looking at early signs of a market contagion?

Financial contagion is the spread of market disturbances—mostly negative—from one country, sector, or asset class to others, often causing a domino effect of panic selling, high volatility, and reduced liquidity across global markets. It occurs through direct financial links (like bank lending), trade dependencies, or increased investor panic and herd behavior.

Contagion effect.

Itzlinda:
The whole market is tanking because of Tony shenanigans 😂

Can't stop laughing. When the blocker gets blocked… handicap achieved
Power may dominate, but wisdom endures.

Investors are eagerly awaiting UBA’s bonanza at Km 40, while traders are positioning to onboard at Km 30.

godlyguy:
Nobody wants to buy UBA

Transfer of consequences in spiritual law.
Lamentation 5 :7

ppogba:
Cockroach Theory in Advanced Management 502.

VFD Group is desperately fighting a losing battle against gravity.
The same insiders who dumped on you before the rights issue have now laid bare the deep rot and fundamental weaknesses in your organization. The situation has deteriorated so badly that you’re reduced to patching your balance sheet with commercial paper.
Market gravity is waiting to punish you, and it’s coming hard below ₦10.00.

UBA ate the sour grapes; ETI and ACCESSCORP are the ones suffering the gnashing of teeth.

No one should be bashing Tony. Impatient retail investors will only end up blaming themselves and saying “had I known” in Q4, as usual. The acquisition by Heirs Energies was financed by Afreximbank and AFC — do your research and come back with the undiluted truth.
Tony was once a director in AFC.

mikeapollo:
Tony would be bashed because it is believed that he took some loan from UBA buy shares in Seplat, which aggravated the loan provisioning by the ban, leading to reduced profititability.

When the expectations of Peter is just a dream💔🤾

PETERiCHY:
What a REMARKABLE day & a MEMORABLE week,
In the next 2 hours trading will kickstart.


Meanwhile UBA & ACCESS SHELL-HOLDERS right now


BARGAIN HUNTERS TAKE NOTE!

The government maintains that no coup occurred, yet individuals are now being prosecuted for their alleged involvement in the very same event.

NSEstudent:
You'd ask yourself how many times debunked news eventually became true?

All Eyes on UBA: Africa’s Banking Giant

https://nairametrics.com/2026/04/25/ubas-2025-profit-declines-to-n423-billion-on-loan-loss-provisions/


https://nairametrics.com/2026/04/25/uba-reports-gross-earnings-of-n3-trillion-grows-total-assets-by-9-4/

Key highlights (2025 vs 2024)
Interest income: N2.649 trillion; +9.48% YoY
Interest expenses: N1.031 trillion; +19.97% YoY
Net interest income: N1.618 trillion; +4.24% YoY
Impairment charge: N331.071 billion; +52.59% YoY
Net interest income after impairment: N1.289 trillion; -0.76% YoY
Net fee and commission income: N332.475 billion; -0.25% YoY
Profit after tax: N404.696 billion; -47.21% YoY
Earnings per share: N9.66; -55.55% YoY
Loans and advances to customers: N7.022 trillion; +0.98%
Investment in securities: N14.427 trillion; +15.10% YoY
Customers’ deposit: N23.949 trillion; +11.02% YoY
Total assets: N33.173 trillion; +9.40% YoY
Retained earnings: N1.266 trillion; -11.19% YoY
Shareholders’ funds: N4.253 trillion; +24.40% YoY

Atiku must run to Cameroon.

This is what Peter Obi and his headless mobs truly wish for our beautiful nation.

FreeStuffsNG:
Camara was a central figure in the military government that seized power after back-to-back coups in 2020 and 2021.

I knew something very dramatic will take place in those rogue military coupist-led states since they gleefully announced their ecowas exit.

They lost the Nigeria-ECOWAS protection because of the personal ambition of their coup leaders and are now being cannibalized by their more powerful adversaries.

Bammako has fallen.

Burkina Faso and Niger coupists are in hiding. Their countries record failed coups almost every month and their coupist leaders rule from seclusion.

Democracy, in spite of its challenges, give more citizens opportunity to participate in bringing peace and development to their nation.

Since the coupists violently took over in Burkina Faso, Niger and Mali, peace and progress took flight! They have no legitimacy to exercise Presidental powers.

In the 2025 audited result, this is not labelled exactly ₦300bn FX revaluation, It appears as:
Fair value loss on derivatives contracts with counterparties which i believe would still vomit our money. More like margin lending.
Exchange-rate related market loss
FX-driven valuation adjustments
The amount reported:
Net fair value loss on derivatives = ₦278 billion
Triggered largely by foreign exchange volatility
This is what anti UBA analysts refer to as the ≈₦300bn FX revaluation loss.


The total international subsidiaries contribution:
Foreign operations profit: ₦312 billion
Previous year: ₦223 billion
Growth: +40%+
This is explicitly stated in the performance discussion.

Breakdown in report commentary:
West Africa subsidiaries +53% profit growth
East & Central Africa +61% growth
International business provided earnings buffer against Nigeria slowdown.
This cancel out the Fair value loss on derivatives.
QED

Dupeodus:
Where is UBA getting more than ₦300 billion foreign currency revaluation loss from at a time naira is relatively stable and I do not see a huge foreign currency position on the balance sheet. Back this out or if you position that this will not repeat going forward, then the first quarter result is fantastic.

Gbogbo wa ti je gbese lowo Tinubu.