₦airaland Forum

KarlTom:
This is money matter.

I'll take you serious until you inform me otherwise...

I serious ooo but your own na wa.
I will make sure all my figures are 1000% accurate before I post them.

It is good someone like you with sharp eyes and attention to details dey here. People for dey form with figures anyhow

KarlTom:
Kindly confirm the page you got the bolded from

Na waa to you ooo You no dey joke at all!
Cant you allow something small to pass?. Na so you caught my mistake for Oando matter.

essentialone:
No, they have been on Suspension for the past 7 years.

Thanks

EDUECO:
Dem be Ade Bendel.

Interesting!
What about your own director that has taken all the bank's money to buy houses in the most expensive areas of London?
Which name you dey call am now?
Abeg, na everybody dey defend im territory.!

yMcy56:
No.
This is the old Standard Alliance Insurance that's long dead but now alive....😁

Who says miracles don't happen?
Miracle no dey tire Jesus 🎊🎉🙌

https://doclib.ngxgroup.com/Financial_NewsDocs/44188_FORTIS_GLOBAL_INSURANCE_PLC-_NOTICES_OF_BOARD_MEETING_(BM)_-_NOTICE_BOARD_MEETING_(BM)_MAY_2025.pdf

Okay, thanks

essentialone:
Fortis Global Insurance on Full Bid as predicted. 500% profit Rally is guaranteed from today moving forward...

Is Fortis Global Insurance newly listed?

tayejay:
For me, Wale submitting reports early enough is an indication of willingness for repentance and dedication towards a plan that may be beneficial. I am hopeful

Just leave them.
Unbelievers are usually very stubborn; they don't believe until they see a miracle!
That miracle will surely happen, whether very soon or later.

SonofElElyonRet:
Well... Wale is by far worse.

You human beings dey too quick to judge somebory! Me I no wan judge which one better or worse pass.

The Scriptures say thou shall not judge......because we don't know the end from the beginning.
Remember, the Lord granted one ''bad man'' access to heaven because he repented at the last minute.
Wale maybe going through some serious deliverance and repentance right now, but you don't know. So don't judge yet until the last show!

SonofElElyonRet:
https://www.instagram.com/reel/DPyYzJMDAQd/?igsh=NmtoZnU5MjhxN3A0
Chuka Mordi discusses ARPN acquisition deal and states that it'll 10x Ellah's size and that a number of other such deals are in the pipeline and will be announced when terms are agreed..

Like Wale, like Chuka

[quote author=PassiveInvestor post=138354592]I am your mutual friend.😅


[/quote

Good. We go blow very soon.

emmaodet:
Honestly, i am not really impressed with the result.
70% of the profit before tax comes from ''other income'' and ''share of profit from associate''
They have a worrying receivables of 2.56 trillion, borrowing ballooned to 1.7 trillion from just 40 billion previous year, decommissioning liabilities of 3.35t, payables increased from 120b to 2.9 trillion.
In the share holders equity, non-controlling interest is now above 50%.
Ever since they came to Ngx, i think they have learnt the act of playing with the books unlike them.

It is because of expansion and acquiring more interest in oil fields. The upstream oil industry is highly capital intensive so once you expand it comes with huge investments and debt until you ramp up production and stabilize over the medium to long term.

SonofElElyonRet:
I still dey. Nothing to lose. I entered at N3:30.
Willing to wait till it hits N100 which will happen within a 5 year period... 10 year period latest. Ki Oluwa so wa di igba yen..

You and I get similar strategy but in different stocks. Wish me well as I wish you well.
So don't laugh me when Wale misbehaves,

Kemetian:
https://africa.businessinsider.com/local/markets/nigeria-set-to-overtake-south-africa-as-africas-top-contributor-to-global-growth-in/72012wb

Nigeria, a country of 220 million plus dragging relevance and performance with South Africa, a country of 65million population.
Shamelessness par excellence!

abc115:
Iduganran Primary Healthcare Centre in Isale Eko, Lagos.

Come back after just 5 years and let's see!

Agbalowomeri:
ELLAH PEOPLE

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/Ellah_Lakes_Plc_Unaudited_Financial_Statements_for_17_Months_ended_31_December_2025_.pdf

I dey inside another controversial stock so I no fit talk.
Let everybody dey defend im territory

abc115:

Lagos………The city that never sleeps ✨ pic.twitter.com/f2P2iBQbeM

— Eazzy_Ayo🫧🏆 (@Eazzy_Ayo622121) January 29, 2026

Nonsense! Who tells you that Lagos never sleeps? Lagos is very dull and dangerous at midnight.
Can you go out and pick any random commercial taxi or bus at 12am -3am anywhere in Lagos if you take your life serious? In the midst of darkness!
You can only go out at those time of the night if you have your own vehicle or you call someone you know to come pick you.
Otherwise, you may be gone for life.
If you want to see a city that never sleeps, go to Accra, Ghana where you have constant electricity and taxis and buses plying the roads 24/7 and you don't have to know or call the driver to come pick you

1pete:
Does anyone here use Stanbic IBTC Stocbroker platform. I'm having an awful experience trying to get a single order filled. I've been placing orders daily, and each day they go unfilled, despite my orders being at or above market price.

On the otherhand, i also use United capital, but my order are filled within 15 minutes of placing them.

So, I'm wondering how the largest stockbroker in Nigeria (SISL) is running an inferior system to a smaller broker like UCSL

Most people on this platform do not have very good experience with them.

These mediocre things.
Real musicians like Bob Marley, Lukcy Dube etc. did not win this over hyped Grammy awards but they are among the best ever in world music

[quote author=Ddll post=138343481]Share the update with your people now

[/quote
lol .
This is it:
https://www.thecable.ng/exclusive-providus-unity-banks-merger-imminent-as-talks-reach-final-stage

He posted it on Jan 27 but I did not see it until @yMcy56 responded to it

megawealth01:
HAPPY NEW YEAR, MADAM MCY

Hi @Mega, hope you are doing great.
Thanks for the heads up on Providus

robobo:
Oga Mike na u dey get am mixed up, no be me.

no be Oando exchange 4.2b shares for N390b sooooooo?

who be Oando who be Wale??

or u think say because them call am "exchange" den no be buy/sale? ok oooooooooooooooooooo?

i beg na carpenter me i beee, i neva get company.

i don face my front

byeeeeeeeeeeeeeeeeeeee

Okay ooooo. I agree by force by fire.
You don win.
Peace

robobo:
How much of recent PO was actually bought by retail investors?

Oga Mike i beg wake up. Most company doing RI/PO in NGX already had strategic, long-term partners e.g. foreign or institutional investors.

if a RI/PO fails, it will not be because retail investor fail to buy because of pricing but rather because there is no strategic, long-term partners e.g. foreign or institutional investors lined up.

it will be Wales headache to go and look for strategic, long-term partners e.g. foreign or institutional investors at above 91-92, otherwise it will mean he be mugu for buying same thing at 91-92.

shikena

I don't think Wale bought any Oando shares at 91-92; don't get it mixed up.
But I agree with you that it is in his interest to sell the shares at very high price, even higher than N100m

deathwing:
Please why was my BUY order for TIP rejected even though it was higher than current price. Who rejected it? I don't yet fully understand how the order book works. Sometimes you see no offers but you can see trades ongoing at the same time.

You can only buy when people offer to sell at the current price, and supply matches or outstrips demand
People may refuse to sell at the current price if they feel the price would still go higher.

robobo:
Anyway at the is point it will be foolhardy for Wale to raise funds via equity at anything less than 91-92.

That will be total recklessness.

It may be much easier for Wale to sell Oando at N100 to strategic, long-term partners e.g. foreign or institutional investors.
But that price may be a bit too high for an offer to the general public may, unless there are some excellent news that could push up the price e.g. further acquisition of interests in oil wells etc.

robobo:
now i see the reason why it moved up to 91-92 at some point during the recent past

2026 could be a defining year for Oando if it successfully raises the required equity capital.

unite4real:
If it is CONOIL you are projecting like this, aswear u wicked gan

Are you surprised or shocked or both?
I suggest you check out the meaning of his moniker ''Agbalowomeri''
It will tell you something!

Agbalowomeri:
Fair value N30

Bargain price N15

Oando seems to be getting some action; is any news out yet about the capital raising plans?

ositadima1:
One way or another, the share price must move up. If the company intends to restructure, the price has to rise first; otherwise, existing shareholders would be severely diluted. If crude prices increase in the international market, the share price would likely rise as well. I don’t see a realistic scenario in which the price fails to move higher if management is serious about executing a turnaround.

That said, it’s important to be honest and not mislead investors. An EPS of ₦30 does not mean the underlying business is performing well, over 80% of that EPS is derived from non-core sources. I would not use that figure as the basis for any valuation.

Fair, balanced commentary

GeeKudi:
Please, get the facts straight. OANDO didn't 'pay off' some shareholders. The shares were retrieved from company (oando) debtors who couldn't pay their debts to the company but instead forfeited their holdings in the company in exchange for their debts.

You are right in the current context about the treasury stocks

But let's also remember that Oando actually paid off some shareholders years ago to the equivalent of about USD 500-600K

O

KarlTom:
I don't think the bolded is a good explanation of the agreement.

4,279,042,004 Ordinary shares of Oando PLC held by OODP Nigeria was transferred to OandO plc in settlement of the outstanding obligation of $253.3m (~ ₦390bn).

Check note 37 of the UFS...

Okay. I guess you got it better

emmanuelewumi:
Convert some to equity and also raise funds. What is the name of the fund raised ? Is that not another loan or equity?

They are going to raise fresh equity, convert some trade payables to equity, and issue other long-term concessionary debt instruments with more favourable interest rates. Oando has been relying on a lot of short term bank loans with high interest rates and that is what is causing the huge annual finance costs. That needs to change.

pluto09:
You mean the company paid 325b for 4.29b of its own shares?

Yes, the company paid off the equity of some shareholders (who took the company to court) and retrieved the shares from them