₦airaland Forum

ositadima1:
Based on chart analysis, I will enter Accesscorp around 20 for JiJo. It will get there once the “hot hands” finish blowing their money. This is all subject to the overall market regime, if it tumbles, it could even drop to 10. Lol.

Well done. I think you and Agba are living in the same ''quarters''!
God dey.

megawealth01:
All eyes on CHUKA at our AGM today...

Shey na wyning abi na full bid I dey see so?

It seems the CEOs of most stocks selling at attractive prices (in their sectors) are all ''cowboys''...

FreeStuffsNG:
Smh.

You are in severe pains more than Trump. If you blow up energy plants then you are suegbe niyen.

Army will face army like Iran did when it targeted only US military bases

Why did Iran not use its army to protect the power and energy plants, but rather sent women and children to form human chains as shield?
Iran targeted many civilian infrastructure in all the neigbhouring countries. Don't try to tell lies that Iran targeted only military bases! Even hotels were targeted by Iran. Cowards

Antoeni:
This Iran War Has Exposed US Weakness And Over hyping, US Should Learn to Choose Its Battle Wisely, You Can't Be Fighting Openly With People That Are NOT Scared Of Dying

Which US weakness?
The US never wanted a full out war, they only wanted to push Iran into a corner and make them sign a deal for the resolution of the dispute.
Otherwise, the US would not give notice of their intention to bomb power and energy plants because nobody gives such notice in a war situation. The problem is Trump talks too much and has made many unnecessary comments which makes the US seem weak....but they are not weak.
Israel could have dealt a more severe damage on Iran but they are being restrained by the same US.

robobo:
i am not defending or praising OJT or Ote$. I am just stating historical fact.

all this info are in public domain

Okay..

robobo:
It had happened already just before covid and right after covid (during the low price oil era sub $40)

but he was able to sit down with the banks to restructure and service the restructured loan.

even i think in 2022/2023 he further had to restructure the restructured loan (everything is in the AFS)

At least we should give him kudos. all through that period he lived low profile and was servicing the loan to the best of his cashflow which was not hidden from the consortium of banks.

That is how an upright person should behave.

Recall that something similar also happen to Otedola when the price of diesel moved heavily against him and he was nearly bankrupt (he mentioned everything in his book). the only issue he had then was with Wiwgwe and it was not about the veracity of the loan but about the exchange rate to be use for the conversion of the loan (because they were in FX) which in itself was also amicable settled later

My point is bizmen shld make it sacrosanct that bank loans are repaid because in the actual sense the money does not belong to the banks but to ordinary citizens who kept such money with banks

It is a miracle to me that you are praising Wale! Or is it defending?
I hope I ain't dreaming?

Agbalowomeri:
Na share dem dey share am

That is why I like the hardline posture of Sanusi Lamido as CBN governor. He single-handedly dealt with some bank CEOs that ran foul of the law that were hitherto considered untouchable, the corrupt national assembly consuming 25% of national overheads and NNPC oil revenue under-remittances. And he has been consistent up to date.

FreeStuffsNG:
https://thecradle.co/articles/iran-launches-missiles-at-us-warship-attempting-to-cross-hormuz-report

https://www.reuters.com/world/middle-east/irans-fars-news-agency-reports-incident-with-us-warship-strait-hormuz-2026-05-04/

They are filling the pain of the blockade of the Strait of Hormuz! by US forces!
Cowards!
When the Trump decides to bomb Iran's power and energy plants, they can go and form human chains again.
This time, Israel would be the one to do the job!

smasher1:
https://www.thecable.ng/concerns-mount-over-banking-stability-as-nestoils-bad-debts-implicated-in-three-banks-failure-to-pay-dividends/

Wale must make sure this does not happen in Oando!
Serious warning to him!

bioman:
Meaning 1 Affordable house will cost 50 million dollars. 😆

Divide 10billion by 200,000
Where and how did you get 50m?

The answer is 50,000.

NSEstudent:
Access is not even on full offer. More buyers than sellers.

Access is obviously undervalued, so the patient investor would not mind to buy more at current price.

faoogoke:
NGX needs to probe these ACCESS BANK volumes.
I suspect something much more beyond the exchanges.

Na Access bank volumes be your issue or abi na the dividend?
You either ignore the volume or join them.
All die be die

940m units is clearly an insider or institutional investor

megawealth01:
I want to keep loading access bank at every junction until I load my fill...

If I can have the kind of volumes I have in OANDO in Access Bank, it won't be bad at all

Similar to my strategy, only that I may dagger some units of Oando or Access soon sha

Byankee:
I don comot mind from access since the UBA disappointment.

They should do whatever they like.

The delay is for a reason, nothing seems to be coming

I think CBN might have rejected the accounts and the bank has gone back for amendment or review

megawealth01:
If only I risked what I put into OANDO in unity bank back then eh. I would have eyed a management role by now

You can be same in Oando?

GeeKudi:
It will be disastrous if OANDO use cost of sales or administrative expenses to wipe off Trump-Hormuz from their Q1 result. We watching. They should be building investor's confidence in the company through managerial discipline.

True talk! They must not misbehave ooo!
Abi until someone slaps Wale and his team at the AGM one day?.
They are now holding AGM meetings online, probably a ploy to avoid the harsh reactions of red-eyed shareholders!

GeeKudi:
Has anyone checked SEPLAT's result? Is it reflecting Ayatollah and Strait of Hormuz? I am asking because of it's younger brother.

You dey take style yab us.
Is it good?
But we know ourselves. Continue to yab us. God dey.
I no mention any names ooo!

megawealth01:
Let me show you something that should make every Nigerian cold in their bones.

Goodluck Jonathan borrowed $3.8 billion in 5 years.
Buhari borrowed $32.6 billion in 8 years.

Tinubu has borrowed over $10 billion in less than 3 years, with another $24 billion still in the pipeline. That’s a total of $34 Billion in 3 years.

And the Senate just approved a fresh $516 million loan yesterday. For a road.

That is the Sokoto-Badagry Super Highway, funded by Deutsche Bank, at an interest rate of SOFR plus 5.35% per annum. Nine years to repay. A road. While Nigerians cannot afford to eat.

But here is the part nobody is saying loudly enough.

Jonathan and Buhari borrowed all that money AND still paid fuel subsidy AND still paid electricity subsidy.

Two governments. Combined debt of over $36 billion. And they were still subsidizing the pain of living in Nigeria. Still putting petrol at N165. Still keeping electricity tariffs low. Still absorbing the shock so ordinary Nigerians could survive.

Then Tinubu came.

He told us the subsidies were the problem. He said the country was bleeding money. He removed fuel subsidy on day one. He devalued the naira. He raised electricity tariffs by over 300%. He told us the pain was necessary. He told us to endure, that better days were coming.

We endured.

Petrol went from N185 to over N1,300.
Electricity bills tripled overnight.
Food prices doubled, then tripled again.
Businesses closed. Jobs disappeared. Families broke apart.

And what did we get in return for all that sacrifice?

More borrowing. Faster borrowing. Bigger borrowing.
Nigeria’s total public debt has gone from N87 trillion when Buhari left to N159 trillion today. That is N72 trillion added in less than 3 years. The fastest debt accumulation in Nigeria’s history.

Clueless Buhari took 8 years to grow debt by N75 trillion. Tinubu did the same in under 3.

And debt servicing? Nigeria spent $9.9 billion just servicing external debt between June 2023 and August 2025. By 2028, debt servicing alone is projected to hit N91 trillion. That is more than Nigeria currently spends on health, education, and security combined.

Over 80% of government revenue goes to paying back loans. Not building schools. Not building hospitals. Not fixing roads.

Paying back loans.

Yet he is still borrowing.

The $516 million approved this week is not even the scary part. The scary part is that Tinubu has formally requested approval to borrow $21.54 billion, €2.19 billion, and ¥15 billion more. That is over $24 billion in one borrowing plan. More than 60% of Nigeria’s entire foreign exchange reserves.

Let that number sit in your chest for a moment. We are borrowing in all foreign available currencies.

A government that removed subsidies to save money is borrowing at a pace no Nigerian government in history has ever attempted.

So where is the money going?

Not to your electricity. That one you now pay for in full.
Not to your fuel. That one you now pay market price for.

Not to your roads. Those are still the same death traps.

Not to your hospitals. Doctors are still on strike or emigrating.

Not to your children’s schools. ASUU is always one disagreement away from another shutdown.

Nobody can account for it. No clear audit. No transparent project tracking. Just loan after loan after loan, approved in legislative chambers in a matter of hours, disappearing into a system that has never once been held accountable.

Jonathan borrowed and we saw Abuja-Kaduna rail and Universities across the country, etc.

Buhari borrowed and we saw the completion of second Niger Bridge, Lagos-Ibadan expressway, Abuja airport terminal.

Whatever you think of those projects, they existed.

You could touch them. You could drive on them.

Tinubu has borrowed N72 trillion in under 3 years.
Point to what was built other than 40 kilometers of road and the purchase of Emblems for more tax.

This is not governance. This is a government that removed the one thing that kept ordinary Nigerians from complete destitution, handed the savings to a system nobody can audit, and then borrowed more on top of it, faster than any leader before them.

And every single Nigerian alive today, including newborns, is carrying a debt they did not consent to.

Every child born in Nigeria today is born owing.
That is not a metaphor. That is the balance sheet of a country being hollowed out in real time.

If this does not make you angry, check your pulse. The only hope we have is to have hope that things will get better, and this government continues to renew our hopes for a better Nigeria that they can’t give us.

This hope is a danger to our collective existence and Nigerians are tired of Hope. In the midst of all these, the only defense the defenders of this government has is that “We Do Not Understand Economics.”

Is there anyone reading this who needs a PhD in economics to know when he or she is hungry and suffering?

-KAA
#kaa_truths

Thank God I am not the person that posted this
But the ''gang'' may come after you for this.
What they blamed and attacked Jonathan and Buhari for (even though the impact was much less), they want people now to praise Tinubu for, even though the negative effects are more severe. Hypocrites!

robobo:
Oga Mike, make u no vex for me. I just dey pull your leg, the reason there was a long laugh out loud at the end of my statement

That said i will still say that everything Oando shld not be taken at face value but rather should be interrogated properly.

My legs go dislocate for your hand one day. And you go buy me milk, Milo, eggs, bread, mayonnaise, custard, malt, FIRST so that I can recover BEFORE you take me to hospital and buy Panadol, Rub, embrocation, etc. because I have fallen sick for your hand.
If you like, continue. I don talk my own.

Agbalowomeri:
Lol But you know that movement of banks na dividend

True.
But Access's dividend (if good) may affect Wema bank's price in the short term

Agbalowomeri:
If they move their dividend to 3.5, then above 40 should be fine

Hmmmm. Truly, wonders shall not end
Someone has been sounding ''optimistic'' and ''positive'' of recent!
This is good!

ositadima1:
I bet on 400 by the end of next month, not because of valuation but because of the TA structure, looking at two major things: the low float of 16.17% (Huaxin holds 83.81%), on an even smaller share quantity than BUA, and the current momentum in the cement space.

If Dangote Cement delivers an equally good result, that 400 is sure. You make your billions, I make a few millions, and everybody goes home happy.

Then some bottles of beer follow steady

Sunrisepebble:
If we get to N375 tomorrow I have my first 1bn stock.
It might be tempting to trim some there

Congrats, bro

KarlTom:
Is that ₦7.9 [annualized] EPS from WEMA?

That would not be good enough for Wema selling at N30+

megawealth01:
Good one from my Oando

Don't be excited yet ooo
It is like an ''abiku'' child.... until it grows and becomes of age

robobo:
Oga Mike no be everything Oando you must defend. lollllllllllllllllllllllllllllllllll

The "dilutive" i am refering to has nothing to do with free - float but its effect on the valuation metric os the shares going forward.

I am really getting tired of how you take EVERYTHING PERSONAL! C'mon!
There may be various opinions on an issue. In your case, once someone has a different opinion, you take it personal and start saying the person is DEFENDING! Defending who, for what?
All you needed to say is that you are referring to a different thing, simple.!
Why bring in ''defending''?

megawealth01:
What will I now do? With all these my audio shares

The so-called ''audio'' shares dey give you dividend na

robobo:
hmmmmmmmmmmm.

I thougt it will come after the RI has been concluded.

if it comes now it will be very dilutive, thereby limiting the upside when the cleaning of books is done

The RI is technically done with, as the qualifying date was fixed as 13th Feb. Wale and his men would take up any outstanding Rights units.
Institutional investors and directors are the ones to get shares from a successful debt-equity conversion, so those shares would likely not be part of free float in the market

abc115:
One useless pastor or apostle will be lying from pulpit that the President has not done anything

TO ALL TINUBU SUPPORTERS: WHEN YOU ARE ASKED WHAT TINUBU HAS DONE IN HAS 3 YEARS IN OFFICE; HERE IS WHAT YOU ARE TO SHOW THEM.

The blind must see what President Bola Ahmed Tinubu has done ✅ ♾ 🦇
(REPOST AGGRESSIVELY IF YOU ARE FOR TINUBU)

🏛 Governance & Finance
• 💰 NELFUND
• 🏦 CreditCorp
• 🏛 LGA Autonomy
• 💵 Naira-for-Crude Policy
• 💳 National Credit Guarantee Company (NCGC)
• 🏗 Budget Deficit Down: from 50% (2023) → 25% (2025)
• 💼 Tax Bill passed
• 💹 Increased Revenue
• 💶 Non-Oil Exports Up 40% in 2 years
• 💰 Over $40bn Foreign Investment
• 📈 Stock Exchange Boom
• 📊 Trade Surplus: ₦18 trillion in 2 years
• 🔒 No More Printing Money for FAAC
• 💵 States No Longer Borrow to Pay Salaries

⚙️ Economic & Infrastructure Reforms
• 🌾 Livestock Ministry
• 🏭 SAPZ (Special Agric Processing Zones)
• 🚍 Compressed Natural Gas (CNG) Initiative
• 🛠 Refineries Activation (Shut Only When Unprofitable)
• 🛣 Coastal Highway: Lagos–Calabar
• 🛣 Sokoto–Badagry & Other Legacy Roads
• ⛽️ Oil-Asset-Metering / Oil Theft Reduction
• 💧 NNPC Funds Credited Directly
• ⛏ Mining Reforms
• ⚓️ Maritime Enhanced Monitoring System (MEMS)
• 🌍 Positive Balance of Trade
• 🏠 MREIF Mortgage Initiative

🧑‍🏫 Social & Development Initiatives
• 👷‍♀️ 3MTTT (Tech Talent Training)
• 🧑‍🔧 TVET (Technical & Vocational Education Training)
• 🧒 Nutrition 774 Initiative
• 🧭 Renewed Hope Ward Development Programme (8,089 Wards Nationwide)
• 🌱 Green Imperative Project
• 🧵 Cotton, Textile & Garment Dev. Board
• 🍫 Cocoa Board Reinstated
• 🚜 NIPOST Agricultural Infrastructure & Logistics (NAILI)
• 🏫 DL4ALL (NITDA Digital Learning for All)
• 🧑‍⚕️ National Health Fellows Programme
• 🧍 Forest Guards for 1,149 Reserves
• ⚖️ Nigeria First Policy
• 🌐 SUPA (Smart Urban Planning Agenda)
• 🚌 6 Mega CNG Bus Terminals (Regional Zones)
• 🏢 Jobs & Training Support for 1000 Beneficiaries per Ward

🏥 Reforms Continue Nationwide:
• ⚕️ Health Reforms
• 💊 Increased Medical Investment
• 🧍‍♂️ Minimum Wage (100%+ Increment)
• 📉 IMF Debt reduced from $3.26bn → $800.23m
• 💷 Cleared $7bn Forex Backlog
• 🏦 CBN Stabilised
• 🏢 Loans to Industries and SMEs
• 🌍 6 Regional Development Commissions

Copied but verified and certified 🚨😌✅

Very long, useless list of failed govt policies!
What has been the impact of this govt on the welfare of the people? That is the bottom line.
What is the meaning of ''CBN stabilized'', ''Health Reforms'', ''Nigeria First Policy'', ''Refinery Activation'' etc?

NSEstudent:
If what is happening to WAPCO happens to NB, I fit shout by 12am when my neighbours dey sleep.

Abeg take am easy ooo

GeeKudi:
Nothing is happening until after the right issue.

The QD for the Rights Issue was Feb13,2026, which is already past!
The next price target will be for something different,

Oasisblue:


Sold all my Oando and reinvested in the commodities: PZ, UACN, UNLEVER. No regrets at all.

Good luck in your investments. No need for any regrets at all.

All I know is Wale has served notice!
Idan fe bere.