₦airaland Forum

9free:
Meanwhile OANDO Board left the chat room.
Chai..... We don suffer oo

''Fundamental'' and ''expectant'' members of ''the Board that left the chat room'' have learnt to be very patient.
Hope you are not here to scare or make jest of us. Egungun be careful; we have a ''prophet''

Esthered:
Taiwo didn't work with PWC his former employer on this?

Taiwo Oyedele probably got excited with the opportunity of his appointment and rushed with the so called reforms without carrying along the Big 4 (Deloitte, KPMG, PWC, EY) and others.
This probably explains why there was no broad based support for the new tax laws, and he had to rely on the govt. to push the legislators to compromise before the laws were passed. Even now, we know the version that was gazetted is different from what was passed by NASS

Image123:
Kindly explain how the tax is oppressive for high income earners?

Simply because high income earners are being made to pay much higher taxes, without enjoying any commensurate benefits from the taxes or govt.

PuristForest:
Feel free to buy Deapcap, it has broken 2013 resistance, which is now support, next target is 4.6..enjoy

ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9763#137366745
ewnation/ngx

Kudos for the heads up calls and analyses.
I recall when you called out Deapcap and alerted folks to consider it for possible price rally, and now you have been vindicated.

OnionBandit:
The monsters in Washington DC and Jerusalem are popping champagne watching this unfold. Tehran better not lose grip of the situation

Which ''monsters'' in Washington and Jerusalem are you talking about? What have they got to do about how Iran is being misgoverned by religious fundamentalists?
I guess you are a woman, and you know what women are subjected to Iran, all in the name of religious fundamentalism.?

brain54:
Over immigration and customs issues...


Not related to the extradition case filled against him by the Ghanian government?

This report isn't clear or specific but if its the former I think the US is just trying to play smart and beat around their own laws to repartrait him back to Ghana to face his corruption charges.

If he gets to Ghana. No how he would not end in jail!

He ran away from Ghana under the pretext that he was going for medical procedure in the US and refused to cooperate with the Ghana govt. when he was invited to come and answer questions about some govt contracts and expenditures. The govt then filed an official request for him to be extradited from the US.
He is apparently overstaying his visa in the US in order to avoid coming to Ghana, which has now landed him in trouble with Trump's ICE crackdown. Such a disgrace to a whole Finance Minister

pluto09:
https://proshare.co/articles/the-insurance-recapitalisation-watch-as-of-january-6-2026?menu=Finance&classification=Read&category=Insurance

This is very insightful

Harddiskng:
Looks i have to leave anything Stanbic. Time to go back to Morgan, I have an account with them already and they are more hungry.

I don’t know the reason for the recent laxity the whole Stanbic business is displaying.

Mutual fund ❌ Underperforming yields
Brokers ❌ Zero traction on transactions

When you don chop belle, na sleep remain naa. Issokay.

Stanbic-IBTC seems to be more active in the fixed income market (T. Bills, Bonds, etc.) than the equity market.

pluto09:
I think it is appropriate that you add that deap capital still have a negative equity of over 2b and they are still making loss.

I only mentioned what I could remember from what I have read about the company.
He asked for factors that may be contributing to the price rally. Definitely, the negative equity and losses (which you mentioned) are not expected to contribute to the rally.
My comments were balanced enough, and did not heighten any unnecessary hope or doubt about the stock.

Mumben:
Gday all, pls can you all analyse Deapcap for me? What is moving it and does it have more room to grow? Help a novice who is still learning.
@awesomej
@mikeapollo
@mpeace
@streetinvestor
@emmanuelewunmi
@agbalowo etc

Deapcap has restructured and deleveraged its AMCON debt from about N1.5b to about N400m.
They also have plans to do a debt-equity conversion programme and possibly raise additional capital in the market.
These and some other info may be responsible for its recent performance. But I don't know if it will continue the rally or decline or remain stable.

olig:
KPMG, on the new tax law

Will Taiwo Oyedele and his pay masters listen?
I blame the docile and compromised national assembly, civil societies, NLC and Nigerians generally.

Harddiskng:
I just tire for this my blue shield broker.

Their trades they always sweet but most times e go com be like say the whole company travel and nobody dey office. Long silence. Email mandate no reply, App mandate no traction.

I thought when you input my mandate on their app it goes directly to the Ngx trading floor application.

They are just lucky i am a long term investor, anybody doing JIJO for don reach their office scatter everywhere.

Sometimes, you don't have to rely on the App/email alone. They should have someone that trades daily on the floor of the NGX; get his number and call him to action your mandates faster

Harddiskng:
Make red come back abeg

My broker just dey fall my leg. Half of my portfolio value is cash, fulfill mandate , mba!

You have to call and put pressure them to buy quickly when stocks fall to your target price

Ezeama400:
https://saharareporters.com/2026/01/08/trump-orders-us-withdrawal-66-international-organisations-including-31-un-bodies

This Trump is an eccentric president.

otokx:
The reds appear to be coming back o

Lol
So where do you want them (red) to go?

By the way, where is godlyguy, our dear friend that always warns us to ''be wise''?
I hope he is fine and doing great, though.

FreeStuffsNG:
Smh.

They struck first last June and almost got annihilated so much Trump had to quickly call for ceasefire in 12 days after he witnessed the serious destruction of the US proxy state.

I think you feel good with yourself and Iran when you tell these cheap funny lies about the Iran-Israel war.
You forgot that it was Iran that first attacked Israel by sending over 300 missiles, most of which were intercepted. Israel decided to wait and respond at their own time, which you now describe as striking first.

Kaczynski:
Finally a country that understands basic infrastructure maintenance. Maybe if we spent less time being shocked and more time not living like feral raccoons we’d have clean roads too. But no let’s just keep marveling at competence like it’s magic.

You're right, bro.
Nigerians have the lowest sense of civic responsibility that I know of in the world; second only to barbarians and some war-torn countries

Raider76:
Saudi to open financial market to all foreign investors from Feb 1

https://www.khaleejtimes.com/world/gulf/saudi-to-open-financial-market-to-all-foreign-investors-from-feb-1

Somewhere to go and escape the CGT?

Of course, a lot of international investors would take advantage if the rules are more favourable

nosa2:
The money doesn't need to be used judiciously for the currency to be stable.

Come again!

nosa2:
You are right but since we have been unable to find a solution to corruption then we are best using a development model that adds it as a factor. With regards to external policy, yes that too is a factor. So add it as a potential risk. So unless those things happen Naira will not collapse

The govt stopped subsidies since 2023, but they have been borrowing like crazy to finance the budget with no concrete results to show.
Ask yourself why they have borrowed trillions of naira when there is no subsidies, and still nothing to show?

Agbalowomeri:
Na ASO SAVINGS woundjured mummy wa into vacation. She will be back soon

You dey look for trouble!
Me, I no dey ooo

nosa2:
The only thing that will make dollars attractive over the Naira in the next 10 years would be if a government comes in and reinstates fuel subsidy, fixes the exchange rate and nationalizes all refineries. If these don't happen then Naira will not witness the kind of collapse you referenced.

Have you thought about policy decisions in the US that could strengthen or weaken the dollar against the naira? That is not under your control.
The issues you listed can be worked on without the naira being weakened. e.g. Nigeria had a stronger naira with national oil refineries working in the 1970-80s. State ownership of assets is not the problem; corruption and mismanagement is.
Aramco is owned by Saudi Govt and they are doing fine.
Don't demonize subsidies. Every country on this earth gives some form of subsidies to their citizens.

nosa2:
The time for Nigerians holding dollars is gone. The structure of the economy has changed so much that the best thing any Nigerian can do for the foreseeable future is to focus on increasing their Naira income

Nothing is ''gone'' in the long-run.
How many regime policy somersaults and inconsistencies have you witnessed and fallen victim to in Nigeria? Naira was about N200 just 10 years ago.
Never downplay a relatively stable currency like US dollars for an unstable naira, especially in a country that relies heavily on oil prices which may experience a drop and put pressure on the currency. A new govt may come with something better or worse than what we have now

megawealth01:
²Billioniare Otedola has done it again

He has just made a big move by selling his majority stake in Gerugu power company worth $750m

This is same stake he acquired 12 years ago for less than $150m...that's 5X ROI

No jokes, Otedola is gunning to become the Omaha of NGX, Lagos Island.

Question now is why did he sell it?

What does he want to buy next?

#moneylessons247

Possibly gunning for a bigger stake in Dangote Refinery; paying dollar dividends would greatly enhance the trading price on NGX

Mills55:
Where's our lovely Sister Mercy?
We are missing you oo. All the gbas gbos and commentary.
Please come back oo, market has resumed.

Don't you want ''mummy wa'' to rest and enjoy with some of the huge money she made in NGX before the Xmas?
She needs to rest small abeg, because you guys here can be difficult with your ''gbas gbos''.
Na joke I dey joke oo

nosa2:
Mathematically speaking the more stocks you have the more your performance will mirror the index

I agree.

nosa2:
An investor that plans to beat the index or benchmarks themselves against the index

But selecting or picking maximum of 5 stocks from different sectors is no guarantee for achieving that goal;
An investor may still be able to beat the index by having more than 5 stocks. Don't you think so?

ogawisdom:
Exactly no smart Investor actually needs more than 5 great businesses in different sectors in their portfolio.

Really?
What is your definition of a ''smart investor'' because every investor may have different investment goals and strategy?

edwardaigb:
Good Morning all, please I wish to withdraw 3m from mmf to top a stock. Would the govt tax the money because i ll be transferring the money to the broker instantly. Thank you.

Use cheque to make the payment to avoid being ''taxed'' by the extortionists

edwardaigb:
Good Morning all, please I wish to withdraw 3m from mmf to top a stock. Would the govt tax the money because i ll be transferring the money to the broker instantly. Thank you.

Use cheque to make the payment, to avoid being ''taxed'' by the thieves in govt.

BabsO2:
For us (like me &you) having sizeable Oando it reduced our index performance in 2025

Yes ooo. But we will rewarded after the capital raise. I am so sure of that.
I am also suspecting Oando may acquire more stake in some of the oil blocs that the FG wants to sell (divest,), even though it would be very controversial.