₦airaland Forum

Locotrader:
Royalex coming up stronger.
Royalex is sure of recapitalization

REX Insurance Launches Digital Platforms for Motor Insurance Sales - THISDAYLIVE https://www.thisdaylive.com/2025/07/30/rex-insurance-launches-digital-platforms-for-motor-insurance-sales/

I heard the insurance companies that have met or can easily meet the new recapitalisation requirement are
Aiico, Mansard and Leadway for the composite Insurance . Then NEM, Cornerstone, Coronation(wapic) Custodian and Universal Insurance for the General insurance requirement.
But lead way is not listed on the exchange.

Pls DYOR.

nosa2:
Based on what, Because 86 is an even number?

or maybe that is his year of birth.

Stan501:
Any fundamental updates regarding champion.

They just bought the bullet line of drinks.

Black bullet etc will now be made by them.

orriyomi33:
Good morning house.

What stock do you advise between NAHCO and GTCO?

I have both in my portfolio already but I want to top up one of it looking at the current drop in prices.

When you see GTCO at 86 start buying.

Transcorp chinkili interim dividend just landed. The yeye company no get mind send this type small thing as divudend

Money dey this NAHCON oh

chimex38:
Again I have been thinking:
If residential houses(owned and lived in by the owner/relations) and are not included as public buildings going by this definition of what constitute a public building.

If a landlord is to insure his building, just to bypass this compulsory insurance, the landlord could collude with his/her tenants to claim they are living there for free.(no payment or transaction).
More like a relative or Charity residence/philanthropy.

Lol. It would be difficult to escape. Na the same tenant go burst landlord belle. Better insure and collect from rent. The effect is on the tenant at the end of the day.

edwardaigb:
I bought 500k of equity assurance during the last insurance consolidation for 1.50 per units. about 16 years later i was begging to sell and eventually sold for 20k. I vowed never to go close to insurance. I gambled 1M units of RoyalExchange early this month based on Loco hawking at 1.55k and came out today at 2.80k. Congratulations to the buyers. No regrets and pray not to look back again on insurance stock.

Loco have also located Japaul. Use that fundamental to grow the ministry.

faoogoke:
The provision is for public buildings and not residential houses.

By public buildings; Government offices, shopping malls/Plazas, eateries, filling/Gas station etc

Na enforcement be the real thing.

When you read the law properly, you will realize the Act defined public buildings to include rental residential buildings which the act defined as PUBLIC ACCESS BUILDINGS. It further includes
buildings still under construction as long as the
said building is over two floors.

That Act wicked.

Forget about enforcement. There are many enforcers

You will see how state capital development agencies will rush this one.

FCDA etc will rush and make money from this one.

Agbalowomeri:
Janet dey call you

Lol. I don't think we understand the possible impact of the new insurance Act. Insurance companies are in money.

One provision I saw that convinced me on their prospects is the provision for compulsory insurance of buildings.

Every landlord must insure his building yearly.
Penalty is N1million or 12months imprisonment.

NAICOM is empowered to inspect and seal buildings not insured. (Rent go soon increase)

There are many other provisions and mandatory insurance of items that you cannot imagine.
But this property insurance is the real deal.
Every property in Nigeria. Na wa


Agba na because of you I enter Aiico and it has given good short term returns. If not for this your comment Na you I dey consider to give my 10% commission but I don't change my mind.

Access bank and UBA board have all approved interim dividends for q2. It seems the CBN forbearance issue and restriction of dividend payment and acquisitions no affect them.

yMcy56:
Not only AIICO self
Quite some on full bid already and some are reversing the early red now.....

Although there's delayed data even as at now..

It's like they just dropped some passengers.
UPDC that was on offer last week is now on full bid again

Insurance pple don start again. I see Aiico on full bid

Hamachi:
I have the LOA & Estate account already, they are asking for soft copy of where it was published on the newspaper and all share certificates

They are being mischievous. If you go to the registrars yourself they will give the real requirement. You don't need share certificates. It's been phased out.

Coolcash1:
Hope you guys are printing money based on my stock recommendation...follow who know road...

You are doing well. Keep it up.

emmanuelewumi:
Are these assets acceptable by financial institutions as collateral securities.

Not all. Just as you cannot use japaul as collateral(I done japa from the group before Loco see my post)

emmanuelewumi:
You can invest N10,000 in a stock and start earning dividends that will be paid into your bank account immediately, another person can invest N30 million in real estate and yet can't start earning rental income from it

It all depends. In 2017 I bought a piece of land in a place called Ohi in Imo state. I bought at the rate of 1.5million per plot. Today a plot at the same location is sold for N14million.
GTco is an exceptional case. If we go into exceptional cases, the examples we have for landed properties will sound unbelievable. There is a place they call southafrica in Ihiagwa in Imo state. They just discovered oil there and the land owners are being compensated. You will not want to hear what is on offer.
Forget rental income, it's not the real deal. Growing up in Jos, plateau state, I remember a friend who's father bought a property at Ahmadu Bello way back then for 15million. I don't think the man will sell that property today for anything less than N500million.

So after weeks on full bid and movement to N100, UACN started the backwards movement and is now at 74. Over 25% fall.

Hamachi:
Why is it difficult to reclaim or recover a deceased person shares in Nigeria?

It is not that difficult. It is just expensive.
Letter of administration will take like 15% of the cost of the shares depending on the state.
Then you identify the particular registrar for each company and make the necessary applications and fees for confirmation of the Letter of admin.

EDUECO:
Someone that bought Wapic Insurance in 2007 and never sold has been harmed!

From 2007 till 2025,Wapic Insurance has only paid dividend in 2016. Is this a successful company when compared to Zenith Bank or UBA?

If you look at the owners of wapic, you will understand why them no dey pay shishi.
Na the same pple that own wapic that also owns Access bank. They don't so much care about investors.

At the dot of 2:30, over 23million units of Aiico was distributed.
If I want buy insurance it's either Aiico or Mansard. The rest will need lots of research.

KarlTom:
Hold on to your INS stock: don't panic sell yet.
I think MB and AXA are the best bet for now

Recapitalization deadline seems to be 31 December, 2025

We await the official announcement from NAICOM...

MBENEFIT that someone just dropped 45milliin units now now. 120milliin units done so far. It better not be dumping things

UPDC just dey deliver daily 10%. So bad I sold half of my holdings after their last result.

Raider76:
BREAKING: FBN Holdings takes over Egbin Power, Ikeja Electric, FIPL

https://thesun.ng/breaking-fbn-holdings-takes-over-egbin-power-ikeja-electric-fipl/?amp

Ote$ means business. Anybody owing FBN better pay up.

Ote wey like power sector

SAK:
presco #70 ...?
I don't understand?

That's what it lost today.

2zona:
Insurance stocks seem to have received another email ooo, full bids are getting stronger. Those previously on offer are drying out. D

It's like the mail didn't get to sunu... it went down

olig:
As soon as Royalex, Aiico, Mansard, and maybe --- start to get some offers, know that the end of the first half is near.

We need to have an idea of insurance companies that may survive this reform. Just like the soludo banking reform that transformed the sector, there will be casualties in the insurance sector. So beware of the company you are buying

Streetinvestor2:
How possible is this scenario. Can transaction which can only happen from cscs disappear from cscs statement. This sounds scary for us that don't check cscs statement after long time.We deal with brokers statement for many months unless for bonus when alloted

The transaction was on itrade platform. But the number of shares on CSCS did not tally. So either they debited me without buying or something I don't know happened.
I got to know when the reconstruction happened and my total number of shares did not tally

jadyclem:
I sold some stocks on investment one app for about 3 days now, the order has been completed but the money is yet to reflect in my balance.

I sold because I want to enter a different stock but investment one is taking time to release the money to my balance.

Please investment one users here, is this how long it takes for sold stock to reflect in balance?
I'm just wondering how a 3rd party app like trove can be faster in sending money to balance for for stock repurchase than an actual broker.

What these brokers do these days. Your money will reflect after they have traded and profited from it. Your own is small. I have had occasions where shares purchased through Morgan disappeared totally. The customer care guy acknowledged the purchase but the shares were missing from my CSCS account. And he could not just explain why

Umehj88:
Rumour mill

Presco could be gunning for okomu.

Is that what Ellah is also gunning for? Lol. It's like saying GTco want to buy Zenith bank.
But sha nothing is impossible

Princkez:
DANGSUGAR.....DANGFOODS

Dangfood fit no come this year. The rice mills are yet to be completed.

The only way they can get the approval is if them lobby Tinubu and co. If not, they have to wait till 2026

Streetinvestor2:
WAPCO I been think say your fuel don finish.
The way basement still dey fire.That means reserve fuel still dey.i rate WAPCO above buacement.
This is never buy recommendation. Na my opinion

But it's officially down. Maybe it's Sunrise selling his stake.

Meanwhile Cadbury is officially down. Let's see if it gets to a good entry price tomorrow