₦airaland Forum

emmanuelewumi:
Nigeria Stock Exchange was established in the early 60s all the listed company were foreign owned at least 99% of the shares were owned by foreigners.


My mentor late Akintunde Asalu in his book "my life of stock" said he bought his first stock in 1963 because he wanted to prove his Economics teacher at Kings College wrong. The teacher said Nigerians will continue to be poor unless they own shares in the big businesses making money in Nigeria.

Asalu was able to retire in 1972 at the age of 37, by the time he died in 2007 his stock portfolio was about N500 million, not bad for someone who never held a political appointment nor was a successful business man.


The first set of Nigerians to buy shares were corporate executives, Asalu worked with Unilever and RT Briscoe

When Nigeria Brewery, Nestle, Guinness etc had public offers, Nigerians didn't show interest except for the informed few.

In 1976, Obasanjo introduced the indigenization policy which made it compulsory for Nigerian citizens or Nigerian government to own between 40% to 60% of the shares of listed companies.


That was how Nigerians, state government and FGN owned shares in all the companies on the stock exchange from Manufacturers to banks, petroleum marketing.

Unfortunately it was Nigerians from a certain part of the country that were able to harness this opportunity.


What El Rufai did in 2003 was to democratize ownership of the privatized businesses by making sure the shares were bought by all Nigerians

KarlTom:
This is a classic COMPENSATION money.

Cash for 500k units @ ½ SP (₦35) will give ₦17.5m

jonnysessy:
There are always ways to move the price of a stock.

suasmablow:

https://www.youtube.com/watch?v=JAj1k7yJHUQ?si=uyGtLZTxcpOtWNy4

International award winning Musician, Wizkid has visited Senior Musician, K1 De Ultimate Over the recent death of his Mother to condole with him.

Sunrisepebble:
It seems Aradel are suffering from Wale syndrome

Bagwa:
New oando 😄

OANDO PLC- NOTICES OF BOARD MEETING (BM) - NOTICE

unite4real:
The third line as cut out below sounds like they are not sure of the meeting holding.
Why are they having such a clause.

that a meeting of the Board of Directors of Oando Plc ("the Company" is
scheduled to take place on January 30, 2025, or on such earlier or adjourned date as
may be determined

megawealth01:
I prefer my Access to Oando ooooo

Jagaban2012:
Obasa. Political career is finished in Lagos State. ..perhaps , he can flag his political ambition under PDP....but he will not win...

LegendHero:
Very small, I was even thinking it’s more than 10.

Baba should complete more project and name it after himself. Obi and his supporters will just get more hypertension for that act.

If Bola Tinubu complete more road infrastructure and name it after himself, Obi crying supporters should not drive on it. That’s their own cup of tea.

—God bless President Tinubu
—Peter Obi the Agbotikuyo will never be president!
—Atiku the shoemaker will never be president!

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. ±

toyeoye:
The website is back online. Thank you for your patience

essentialone1:
The Death and Resurrection of STACO Insurance. 8th Wonder of the World.

Zegra:
Life is good for folks that bought fidelity public offer at N9.75 per share

iwaeda:
https://punchng.com/fg-targets-5bn-revenue-from-annual-orisa-congress/

KarlTom:
This KON-13 Block had Serinus Energy as the preferred bidder for 55% in January 2024.
Today OandO Energy is the designated operator of 45%. The remaining 10% is "still available for award".

What happened between January 2024 and January 2025

Stay tuned...

Uranos:
I have B.Ed in Human Kinetics And Health Education. Please family how do I go about joining Police

megawealth01:
When WALE is done with what he is cooking people will be pursuing Oando at #200

As you all know na talk I talk and if you take it seriously you can lose all your investments

DYOR

HesInMe:
It is beyond perplexing o. The market seems to be telling us that banks can just issue new equity, then -- abracadabra! -- turn around the cash and grow their earnings per share in a few short months.

So why don't they keep issuing new shares in perpetuity?

Youngzedd:
These people no show joy.

5 Naira Div for a 324 stock

designking:
Whoa, so it was true... Great news to move the stock price higher

megawealth01:
When WALE is done with what he is cooking people will be pursuing Oando at #200

As you all know na talk I talk and if you take it seriously you can lose all your investments

DYOR

KarlTom:
Though the bolded is rhetorical, here's a probable response...

Read up on reserve based lending (RBL)

guobe:
Kids are really differently built humans by God.
They just lost a parent and they are still smiling,laughing and playing computer games on phone.
While the adults are wailing and rolling on the floor,you see the kids keeping their self busy by playing.
It's a different world most kids live in.

CountinBlessins:
OandO which is owned by ....Tinubu

Heavens1stson:
● Togo is considering joining the Alliance of the Sahel Region (AES).

● Togolese Minister of Foreign Affairs, Robert Dussey, expressed openness to the idea.

● Togo's potential integration into the AES may lead to its withdrawal from ECOWAS.



https://africa.businessinsider.com/local/lifestyle/ecowas-may-lose-another-of-its-member-states/tky304y

Youngzedd:
US Oil Imports From Nigeria To Drop As Trump Plans Energy Emergency Order

https://www.vanguardngr.com/2025/01/us-oil-imports-from-nigeria-to-drop-as-trump-plans-energy-emergency-order/

zendi:
Scroll down the last page. You will see Ositadima's musing about the measuring of d*cks. I was playfully reminding him that we talk stocks here, not pricks.

zero8zero:
Enemies of Nigeria in the mud

OgaDeyVex:
Source: https://guardian.ng/news/police-officer-found-dead-in-abuja-hotel-after-sex-encounter/

zendi:
Yes, but which stock is your prick?
In which sector, and when was it's last Result?
What's it's latest EPS?