₦airaland Forum

megawealth01:
JAGABANomics

Welcome back, Bro.
Your moniker has been scarce in the past few days!

As for that man, when I say he is totally clueless and incompetent, e get why! This is typical example.
I think he became president when he had gone past his ''prime''.

FreeStuffsNG:
Now they will pay premium to get the shares they had on a platter before but squandered by Mr Kyari. Smh

Dangote should not even give NNPCL anything more than the 7% that they have.
Allowing NNPCL to have higher stakes in the refinery would empower unions like PENGASSAN and NUPENG to have more influence and possibly hold the refinery to ransom in future.

bovali:
Ellah real result:
https://ellahlakes.com/wp-content/uploads/2025/11/Ellah-Lakes-12-Months-to-July-2025-Audited-Financial-Statements_Final_Executed_Compressed.pdf

Oh, so Ellah has a clear, beautifully laid report after all.!!!
Our dear Ellah has suffered attacks on NGX for no fault of hers on the quality of the report!
Guys are not smiling at all.
Any small thing na ''gbas gbos'',...Japual, Ellah, Oando, etc
God has saved Ellah from the possible interrogation by ''investigative journalists''

Ginalex:
Bookmarked .. for now, liquidity stays in mutual funds/fixed income

In fact, interest rates on T. Bills and fixed income instruments would drop in due course if this CGT is not suspended or reversed.

KarlTom:
I love your analogy.

Why don't we look at the positive side? Something like good chaos?

Those who benefit from chaos is like what the Yoruba call ''ari je ni madaru''?

Yes, I agree, but such ''positive'' is usually for a minority few.
I like your positive vibes too!

jonnysessy:
Waiting for Access @ N20.00
UBA @ N30.00
Fidelity @ N15.00
GTCO @ N50.00
Zenith @ N40.00

Truly, this may be an opportunity if one has the means and the patience to wait until the govt reverses or scraps the CGT..
Financial crisis and Covid-19 provided such opportunity. This CGT may be another opportunity for those who want to buy, but not so good for sellers.

KarlTom:
Are we in Gaza?
Is that the ONLY type of chaos you envisage?

It is just to stress the point that some chaos may be too bad that no one would be able to take advantage of any meaningful opportunity.
The word ''chaos'' can mean a lot of things beyond what we can imagine.

KarlTom:
No one prays for chaos.
However, when chaos happens [something we might not be able to prevent], opportunities abound...

I say it again:
May ''Gaza chaos'' not happen to you. Just say ''Amen'', .....Finish

NSEstudent:
Shey na him be the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria

Yes, he is.

PETERiCHY:
Don't WORRY when ASI drops to 50k and USD hit #2500 we will know whose BP is high or low

CASH is KING 👑

NAIRA is a POSITION while USD is a better POSITION

BARGAIN HUNTERS TAKE NOTE!

I thought you said you retired sometime ago.
This fire you bring come inside ''retirement'' is strange ooo.
How retiree go dey cause kasala like this?

NSEstudent:
The change from 'and' to 'or' makes a difference here. So it means any of those conditions will make tax boolean 'True' as against when they said 150m AND 10m gain.

Are you referring to the tax law or what Taiwo wrote?

KarlTom:
MARKET BULLETIN 4 November 2025
Ref: NGXREG/IRD/MB86/25/11/4

Wema Bank Plc: Listing of 4,545,454,542 Ordinary Shares of 50 Kobo each at ₦11.00 per Share Offered through Private Placement

Trading Licence Holders are hereby notified that additional 4,545,454,542 ordinary shares of 50 Kobo each of Wema Bank Plc (the Bank) were today, Tuesday, 4 November 2025, listed on the Daily Official List of Nigerian Exchange Limited (NGX).
The additional shares listed on NGX arose from the Bank's Private Placement of 4,545,454,542 ordinary shares of 50 Kobo each at ₦11.00 per share.
With the listing of the additional shares, the total issued and fully paid-up shares of Wema Bank Plc have now increased from 35,573,422,872 to 40,118,877,414 ordinary shares of 50 Kobo each.

This is for your information please.

Godstime Iwenekhai
Head, Issuer Regulation Department

Wow. Wema Bank!
Share price N20; Private placement N11.
About 45% discount just like that!

KarlTom:
Life itself is chaotic

Opportunities abound but not everyone will grab it/them...

May ''Gaza chaos'' not happen to you. You for no say ''real chaos'' pass ''motivational chaos''

The destruction of the capital market has just started....all because of someone's reckless thirst for easy, free money even though there is nothing concrete to show after borrowing and borrowing billions of USD, removing subsidy on fuel, electricity, floating currency to earn more revenue, increasing tuition fees etc.
Now, they are going after investors to extort them in the name of CGT.
Cluelessness and incompetence cannot be resolved by ''throwing revenue'' at every thing or problem.

KarlTom:
“In the midst of chaos, there is also opportunity...”
Sun Tzu - The Art of War

Take charge of the situation!

When people die from the chaos, what ''opportunity'' or ''situation'' would they ''take charge'' of?

KarlTom:
“In the midst of chaos, there is also opportunity...”
Sun Tzu - The Art of War

Take charge of the situation!

Okay ooo. I hear you.

KarlTom:
My beloved NASCON now at 99

Investors are wary and disturbed while the Taiwo Oyedele (I doubt he has investment in listed companies) is junketing around promoting the CGT, just because he is desperate to impress the man who appointed him......the sycophancy and hypocrisy that Sanusi said is destroying the country

KarlTom:
Great deal.
A result of the negative market sentiment. It's a 1k stock...

Negative market sentiment all because of CGT....when desperation to extort/steal from investors by all means destroys things.

edwardaigb:
Where is megawealth? I hope he's good?

I hope he is fine too.
He has been very scarce in the last one week or so. But I think I saw some posts by him a few days ago.

GeeKudi:
Until there is clarity about the benchmark SP the CGT will use for its calculations, the only way for the market between now and maybe middle of December is down.

When they eventually succeed in driving investors away from the market, we will see if Taiwo Oyedele and his cohort of sycophants who cannot muster enough courage to tell Tinubu that the CGT is retrogressive and anti-investment, would mobilize their own set of investors to come and trade in the market and pay govt. possibly 23.56% or 30% as CGT

Anither563:
Fake news is a serious crime against national security and must be treated as such.

It is because Trump designated the USD Vice President,Vance to receive Tinubu.

essentialone:
If Conoil does not renovate themselves by 2026, either Oando or Eterna Plc will overtake them. Which is it likely going to be?

I read that Conoil PAT declined by 85%. The share price will be badly affected going forward because of Dangite refinery. Adenuga may have to merge the upstream business with the listed downstream in order to sustain Conoil perfornance or delist the downstream business in the long run.

SonofElElyonRet:
We know the meaning by the context, no matter how much they try to be clever by half

Lol.
Okay, "Ellahites" would do then.

alfajohn:
OANDO must buy me a house at Shonibare estate waiting for the stock at over 500naira. My runway is long so it is a matter of time.

Shonibare estate nitori olohun!
I support you and pray it happens because my head dey there too.

SonofElElyonRet:

Modified: doesn't work for Ellah though, except you adopt the profane word by which it is being referred

Are you sure the spelling of the profane word is exactly what is being used here? A difference in 1 single alphabet can change the meaning....."e" is not same as "a"

Agbalowomeri:
Wale and co dey chop your money you say na one-off thing How many one-off thing we don see in the last three financial reports

Lol
Agba, there is no big deal. Let him chop. One day go be one day.
Signs of improvement are obvious but gradual.
The N420b bad debt recovery is commendable but you would not see that one.
There are 4 quarters annually, so a one-off event that was recorded in 1st quarter will be carried forward in the accounts for 2nd to 4th quarter, but will not reappear in Q1 next year unless a similar even reoccurs again .

funkymedina2:
Someone in Ellah lakes must be annoyed with them , you are right both files are as at July 2025 but the numbers are different .OMG !! I am going to try and clean and enhance this new one, something fishy is going on . I wonder if we have investigative journalists who will look into this

Investigative journalists ke?
The title of this episode should be ''Ellah and the Kpakites''!
I am the floor rolling with ribs cracking

Just a quick observation on Oando Q3 2025 Results:
The debt recovery of a huge N420b (Note 4) from a related entity looks curious:
I hope this is not a strategy to acquire the remainder 3billion shares (for redistribution) and pay off minority shareholders?

On the other hand, the N109.7b Operating loss was mainly due to a N311.567b fair value loss on modification of financial asset (Note 4), which is a one off thing, hence the Operating result could have been different if this was treated or classified differently.

adamx23:
If I sell , and use the proceeds to buy another stock, doesn’t it mean I’ll be exempt if I sell the next year, as my cost price for my new stock changed?

But again, it will depend on whether what you are going to sell next year is less than N150m AND your gain is also less than N10m; otherwise you would be taxed.