₦airaland Forum

jonnysessy:
I am not Access Bus conductor but a part owner of the bank

I had already shared the said Punch Newspaper publication. There is nothing spectacular about it. This was how UBA, Access Bank and some other banks recommended final year dividend in 2025. But, the CBN prevented them from doing so. My point is there is nothing to rejoice about the said publication until the result is out. There is no big deal in forwarding their report to the Apex body ( they don't have a choice). Need i remind you that third quarter is almost over and you are saying this news go sweet my belle.

Apt.!
I think Access is only trying to calm down the nerves of the shareholders and convince them that they are doing well and even ready to pay dividends IF CBN approves.

9jatriot:
Una go just open mouth waaa.... It is just that people find it offensive to speak ill of the dead.

His tenure was the era of his 7-point agenda, a time so dire that people joked if the plan was overwhelming him, he should scale it down to a single point.
I still recall the endless hours spent in fuel queues. The economy was so stagnant that it became a national consensus—nothing was working. And this was before his illness even set in. That administration practically undid all the progress Obasanjo had made, just to play the populist game—the same one the "Lamba King" and, more recently, Atiku are now mimicking.

He was the one who began depleting both the Excess Crude Account (ECA) and foreign reserves—a trend GEJ later continued. Does it not concern you that it’s only in 2026 that we’ve finally replenished our foreign reserves to the levels Yar’Adua had depleted them to in 2009? If we maintain Tinubu’s current trajectory, perhaps we might eventually catch up to Obasanjo’s 2007 reserve levels.

[b]As far as I’m concerned, any educated person advocating for Obi or Atiku is an enemy of this country. I can understand if the downtrodden or financially uninformed complain—after all, they may not grasp the full picture. But when people who should know better make such arguments, I can only conclude one of two things: either they are enemies of the nation, or they simply want their tribal candidate in power. No cap.

With the benefit of hindsight, there are three unforgivable mistakes from that era:
First, and most damaging, was the reversal of the refinery privatization. In truth, I wish Obasanjo had sold them much earlier in his tenure, rather than waiting until his final days in office.
Second, as a follow-up to that reversal, he slashed fuel prices. I’ll admit—I was among those who cheered the move at the time. But now? We know it was another harmful populist decision.
Third—and far less discussed—was the premature power sector probe he and his Senate launched. It stifled Obasanjo’s power sector reforms. Because of how the probe was handled, power plants ready for installation were delayed—contractors couldn’t proceed because Yar’Adua froze new investments in the sector. Some of the imported power plants were left at the ports and incurred demurrage charges.

So when people blame Obasanjo for the $16 billion power projects, I say: That question should have been directed at Yar’Adua[/b]and his Senate.

People expressed an opinion, and you describe them saying ...... [b]Una go just open mouth waaa.
So unfortunate and sounds similar to the person that said ''whether you like it or not....... is gone''. Arrogance!


1. It is sheer hollowness to blame Yar'Dua for long fuel queues (and indirectly giving credit to this govt for eliminating fuel queues): The fact is Dangote is the reason why there are no fuel queues in Nigeria today. Not any president. Without Dangote's refinery, we would have the long fuel queues under this govt. And probably longer.

2. If ''nothing was working'' under Yar'Dua, then what's working now? Apparently, POVERTY IS NOW WORKING under this govt. and you seem happy for it. You could have compared the insecurity, hunger and poverty during Yar'Dua's era and now, and let's see how far we have deteriorated/

3. It seems some of you don't understand that the oil revenue the FG makes is determined by volume and price. Volume is also dependent on the peace and tranquility in the Niger Delta. Yar'Dua inherited a volatile and unstable ND but he used his humility, sincerity, honesty of purpose and patriotism to reach out to the militants and was able to achieve the peace in the region. Those qualities are lacking in today's leadership, where a president could just ''open his mouth'' (using your words) on his inauguration day and tell citizens that ''whether you like it or not,....subsidy is gone''. That was an arrogant and reckless talk by all standards.

4. If the Excess Crude Account and Reserve are going up, it is partly because this govt has been trying to jerk up the volumes, which is good. But it is also partly due to the peace, stability in the ND and high global crude prices, both of which are not the doings of this govt. You guys should learn to give credit to people where it is due and stop this sickening hero-worshipping of a person as if he is the ''messiah'' that the nation had never seen.

4. What has your ''darling president'' achieved in the power sector?. He challenged the people to reject him if he is unable to fix the electricity problem in 4 years, which is just 9 months away. How far?

5. The reason why you support subsidy removal now (but were against it in the past) may not be far from the desire to praise whatever decision this govt makes because of your parochial adoration, likeness, love, worship etc. of the president or his party. It has nothing to do with any critical analysis or understanding of the macro-economics, development imperatives or technicality of the subject).

6. Obasanjo (still alive and healthy) who awarded the contract and released the money has been providing his explanations of the $16billion power probe. But you prefer rather we go and ''resurrect'' late Yar'Dua (who neither awarded the contract nor released the money) from the dead and ask him stupid, useless questions, just to satisfy the point you want to make in eulogizing and promoting your ''messiah president''. Can you see how truly hollow and mischievous your argument is? Crying even more than the bereaved?

7. Tinubu was an ''educated'' person (apologies to all concerned with certificate forgery, primary, secondary schools brouhaha) when he was advocating for regime change under Jonathan, when we had less suffering in the country. So, in your words, Tinubu was an ''enemy of this country'',. Yet he became the president. So I don't see why other people or anybody else cannot freely choose whoever they prefer to lead them. Whether you call them ''enemy of this country'' or not, it does not matter.

God1000:
A criminal and dying empire still causing chaos and mayhem in every corner of the world, thank you iran


How can you purposely ignite a fire and expect calm, know that america is the one always attacking Iran first, even during peace time and time of negotiations

Please tell Iran to fire its missiles at Israel. I want to check something!
Every madness has its anti-dote

SonofElElyonRet:
Wetin you want people I Oando to talk?
I no call mikeapollo name o
🏃🏃🏃

Your hand they always wan hold and press "my delicate something" "
Be careful ooo

Yemimovich:
How highlife and afrobeat take resemble. Abi, Dem nor school Tekno well say Oliver De Coque na highlife artiste, while Fela originated Afrobeat, which other artistes dey fight over today as afrobeats

.
Truth is Fela did not originate the sound called Aftobeat. But he was the most popular because of his activitism and controversial nature.
The so called Afrobeat is an off shoot of Highlife music and it originally started in Ghana as part of the Pan African movement or consciouness to break from tbe Western influence and Ghana was the centre of the movement due to the influence of Kwame Nkrumah.
Fela travelled to Ghana, joined a band called Hedzolleh and lived there 1967-1969. That is where he learnt Afrobeat. He was later joined in the same band by Hugh Masakela of Soubt Africa.
Both Afrobeat and Afrobeats have huge Ghanaian influence and origin but Nigerians s would argue because of the poultation and commercial success of Nigerian musicians.

Yemimovich:
How highlife and afrobeat take resemble. Abi, Dem nor school Tekno well say Oliver De Coque na highlife artiste, while Fela originated Afrobeat, which other artistes dey fight over today as afrobeats

.
Truth us Fela did not originate the sound xalled Aftobeat. But he was the most popular because of his activitism and controversial nature.
The so called Afrobeat is an off shoot of Highlife mysic and it originally started in Ghana as part of the Pan African movement or consciouness to break from tbe Western influence and Ghana was the centre of the movement due to the influence of Kwame Nkrumah.
Fela travelled to Ghana, joined a band called Hedzolleh and lived there 1967-1969. That is where he learnt Afrobeat. He was later joined in the same band by Hugh Masakela of Soubt Africa.
Both Afrobeat and Afrobeats have huge Ghanaian influence and origin but Nigerians s would argue because of the poultation and commercial success of Nigerian musicians.

Mirasteel:
Lies from that propaganda news website. 😂

What is the exchange rate between US dollars and the Iranian currency today?
Tell us.

londonerr:
Hahaha you hol Wale like this....well same way I'm holding FO....if it remains only one share for Ote$ to acquire FIRSTHOLDCO totally na me he go be

I also knew FBNH would rise one day when it was struggling and selling at about N4 for so long some years ago.

londonerr:
Just put amount you can afford to lose

I don't have ''anything to lose'' now until Oando drops to below N6.
But everybody is not the same

Agbalowomeri:
You and Wale are joined together for better for worse

Na better I come for.
Abeg ooo

londonerr:
I just re-entered. But now I'm braced for the worst while not minding the best



Find agba and mega advice

What is happening now is an opportunity for anyone that can buy and wait.
The issue is we don't know the exact time.
Let's just wait for the capital raising (in foreign currency) to complete successfully

londonerr:
Divided by 10....

Always remember this Golden Rule:
''Let it be unto you as you wish unto others''.

No be curse oo. It is a rule on how to live in this world

yMcy56:
I hope he does what's right for the shareholders this time around.....
OANDO shouldnt be trading below 250 at least....if everything has been normal.

Abeg, make he do quick and ''deliver'' me and ''my people'' from the hands of @Agba and @SonofElElyonRet and their gang.

yMcy56:
* With SEPLAT at over 12k/share.....

* ARADEL is also expected to move.....
My rough estimate calculations is 1840...

* OANDO's value has also gone up......🙊
Wale needs to talk.....to say something about the debt repayment at least....
Positive statement and action will put O&O in good perspective and drive the share price far up..

Wale is holding AGM on Sep17. It would be an anti-climax for him to say anything serious right now.
But if nothing good comes from the AGM, then wahala.

ghm:
I suggest you look into the issue. If you do, you will see clearly that if you know what you are doing, you would do the same – even if you don't make the outlandish announcement.

1. The PIA was passed after 13 years, and one of the main issues is subsidy removal.
2. Buhari's administration made no provision for subsidy payment after June 2023.
3. The earlier subsidy payments were financed by loans, and there are still some outstanding.
4. You would have to borrow more immediately to pay subsidy, in addition to every other expense, etc.

The decision is inevitable if you just look past the cowboy and outlandish style of the announcement.

My guy, thanks for the points you raised. Well appreciated.
The cowboy and outlandish style of the announcement actually caused major crisis; right from that minute the whole country was thrown into confusion and economic hardship which led to many demonstrations and loss of lives.
The govt still paid subsidies even after 2023, so the issues of PIA, Buhari not making provision after Jun 2023, etc are nothing but excuses to justify the decision.
Since we knew Dangote was almost completing his refinery, it would not have been too difficult to find ways to support and facilitate a speedy completion of the refinery, and then remove the subsidy after agreeing to prices to sell crude oil to the refinery and refined products from them. But the ''gragra'' announcement created a problem that lasted long and affected the whole economy to date.

Like I said, Nigerians are the ones to say whether is has been positive or negative.

Ameboperoo:
Firstholdco is about to start again

You better hold am tight now before he run commot again

Imalwayshorny:

This your moniker na wa oooo..... 'I am always horney...''.
Very ''dangerous striker''
I will tell ''my people'' to beware whenever you ''visit'' us. NSEMPA community take note.

Itzlinda:
Everything is clearer in hindsight. Few experts predicted the scale of the shock after subsidy removal. Many expected the naira to stabilise around ₦700–₦800/$, which could have kept petrol around ₦500–₦600/litre. Instead, the naira eventually weakened to around ₦1,700/$.

Cushioning a shock of that magnitude requires enormous government spending. And as the UK demonstrates, maintaining extensive welfare commitments while trying to improve productivity and economic growth is a difficult balancing act.

Anyone who says subsidy removal and its aftermath were simple problems with easy solutions is seriously underestimating the difficulty of economic policymaking.

Thank you.
It was a careless announcement made out of poor appreciation or reckless abandon of the possible effects and ramifications of such decision.

megawealth01:
He has professionals who he pays to advice him shu

But he cannot get the best of advice due to nepotism in his appointments, plus Kakistocracy (according to Senator Ndume).

Agbalowomeri:
But I don help you push your ACCESS bayi

Access is a sure banker; does not need any ''push''.
Lack of dividends for FY2025 is what is holding it.
I pray they don't even pay interim dividend for FY2026 so the price can stagnate within a range for me to buy more.

ayobama1:
What are some of the specific measures that you think should have been put in place? Meanwhile, the constitution stipulate the distribution of all accruing revenues to the federating units and our experience about previous incremental removal is available to all of us to learn from.

I don't think there is any need to discuss the specific measures here again. There are several literatures on the subject
Common sense requires there should be planning, strategy and guidelines for a massive economic decision.

This topic had been discussed several times here, and I specifically listed some measures that could have been done e.g. help Dangote accelerate the completion of the refinery before announcing the removal of the subsidy as the refinery would help fill the shortfalls in supply (real or artificial) that might be exploited by marketers to extort the masses/consumers.

Agbalowomeri:
Lol don't come between me and Peter o
We don dey banter for 15 years

I know the thing you dey do to me too.
So like Peter, like Mike.
Unless you promise me that you have fully repented, changed and shall never taunt me anymore because of Oando! Over to you now.

Agbalowomeri:
Your next bus stop na Sambisa

Always remember the Golden Rule: ''wish/do unto others what you wish/do unto yourself''

Dont create the impression or perception that you wish people fail, and find joy when someone fails, sinks or incurs losses!
I know you will taunt and hit me back with Oando....but God dey. I leave you for God!
Our ''Uncle'' is aware that his people are being mocked

verminnel:
Japaul Gold has been giving me too much heartbreak lately, I don't even check my portfolio no more.😶

If you are convinced about the prospects of the company, then don't let it give you a heartbreak.
You need to develop some good shock absorbers and let it stay in your portfolio for the long term. You will laugh last.

megawealth01:
Worst mistake of Jagaban?

There was no plan or strategy.
You can imagine announcing ''subsidy is gone whether you like it or not'' on the day of inauguration- without a cabinet, no stakeholder engagement, no citizen education, no strategy, no implementation committee, no policy to address the negative or side effects; ABSOLUTELY NOTHING!
Even the best of programmes or intentions would fail where there is no proper planning, strategy and guidelines for implementation
Whether it was good or bad; it is open for Nigerians to debate and decide.

megawealth01:
I'm not responsible for your interpretation 😔

Kilode? Ma b'eru, ma fo'ya, ma s'ojo.

SonofElElyonRet:
Na only Japaul I wait for at attractive prices make I add up. Except Ellah and Oando fall yakata, I no dey buy.
Zichis might also present attractive opportunity as e dey descend slowly but steadily

Okay ooo.
Time will tell

megawealth01:
Which kind Àbòsí be this sef?

I pity who go point accusing fingers... Na jail you go land yourself in...
As una no sabi politicians both in that una aso rock and for states. Make una trace NIGERIA STOCK EXCHANGE funds and funders na... Bunch of egbe agabagebe...

Lol
The Hypocrites club!

SonofElElyonRet:
Oando sef dey rob you and Pitiful Peter

Na you talk am oooo.
Peter must be sure of his ''game''; I am also sure of my ''game''
And I know you are also sure of your ''game''.
I know there is a Japaul, Ellah and Oando.

Accountability for Fuel Subsidy Removal Not On Us - Governors
https://www.nairaland.com/8736717/non-accountability-fuel-subsidy-removal-not

That is it!
Robbing Peter (masses) to pay Paul (governors)

megamart247:
Market will be on downward trends from now till January when presidential electionn will hold.

So those in the market should be ready to lose their shirt

Hmmmm
Stock market no go comot cloth from our body oooo

NGX ko ni gba aso lara wa oo

megawealth01:
If Tinubu losses 2027 eh... In MY OPINION it will be end of the road for OANDO PLC... They will go private niye

If he wins omo na ELDORADO BULLS for OANDO

The kind of oil reserves that Oando commands (the largest by a local player; bigger than Seplat, Conoil and Aradel) makes it strategically too important for any new govt to allow it fail, unless the govt has come to destroy Nigerian content in the oil and gas sector.
The worst case scenario, they would have to ''play ball'' and be ''pardoned'' for whatever ''sins'' Wale or his uncle might have ''committed''.

And even if they should go down, they would be acquired by another company, at a huge premium. The reserves carry a value much higher than the book value!