₦airaland Forum

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

Is UAC also Buying UPDC? Even with the not so impressive result, UPDC is still doing well. Now on full bid.

megawealth01:
What's pushing MECURE? On full bid for days now...

UACN don cross 100

Meanwhile Dangcem did me well today and if it should cross N600 tomorrow, I go Japan with my funds to another umbrella. It closed at N577.

We need to be careful with AI analysis. Sometimes they are wrong. They have been falling in many areas not because they are not efficient but simply because they sometimes do not have complete data. I recall recently the story of a judge that wrote a judgment using Scales generated from Ai. They were all found to be non existent. I have often asked AI for The OS of many companies especially the banks and found out that answers given were wrong. Sometimes they analyse on outdated data.

GeneralDae:
Nah not true, e don pass.

Here’s what I got from ChatGPT:

According to the Nigerian Stock Exchange (NSE) Q3 2015 fact sheet, at the end of September 2015, the equities market capitalisation was reported as ₦10.74 trillion (equivalent to about USD 53.94 billion), representing the value of listed equities only.

Currently,

₦ 89.4 trillion — This is the total market capitalisation of listed equities on the Nigerian Exchange (NGX) as of August 1, 2025  .

💱 Conversion to USD
• Based on mid‑market exchange rates reported for August 4, 2025, of approximately ₦1,527 per USD , the equity market cap equates to about:
• USD 58.55 billion, when converted from ₦ 89.4 trillion (₦89,400 billion ÷ 1,527 ≈ USD 58.6 billion).

You need to understand the issue.
We are talking about the N27trillion windfall/gain by investors not the entire market cap.

Dum20:
I thought it usually comes out in July and is paid in August.

Seems i got my dates wrong.

Since they started auditing q2, it's often been September, with most payment in October November. That is for Zenith, Access, UBA,GTco and Fidelity I am not sure for the rest

Agbalowomeri:
Twice the NSE capitalisation 10 years ago

That is in Naira. But in Dollars e no reach half.

Dum20:
Wait no interim dividend from Zenith and GTCO?

Or did i miss it?

When their Audited H1 result is out, they will surely pay an interim dividend, especially GTCO

Itzlinda:
What's pumping uacn

Shebi I ask before, them no want tell me.
I doubt it it's just Chivita or hollandia.
Or are they planning to raise some cash?

So the bulk of our fuel we consume in this country is imported. Which way Nigeria?

Findings by The PUNCH, based on the latest fuel supply data obtained from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, showed that a staggering 71.38 per cent of Nigeria’s daily petrol consumption in May and June 2025 was met through imports.

The remaining 28.62 per cent was sourced from the $20bn Lekki-based Dangote Petroleum Refinery. This indicates that marketers, who are expected to access products locally with ease in the country, are instead spending the country’s scarce foreign exchange to import refined petroleum products.

The NMDPRA disclosed this during a presentation to the Federation Accounts Allocation Committee for the month of June 2025. Our correspondent obtained a copy of the presentation on Sunday.

https://www.nairaland.com/8490267/fuel-imports-surge-71-marketers

Princkez:
depending on price his willing to buy..

He fit no see. Agba is coming to the market today with everything wey he don dey keep under the mattress to buy 2m units.
Over 650k units was done last Friday. 75k is not that much he will surely get. I got my 2 thaasan units upper week at N485

Raider76:
More like a confirmation though of what they have always been. This is serious manipulation of market sentiment.

It's a game. He knows how to play it. Bad result then an incentive. The game is the game.

Olaide1295:
Conoil H1 results. Revenue & profits fell. Oil marketers are in trouble .

https://doclib.ngxgroup.com/Financial_NewsDocs/44807_CONOIL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_AUGUST_2025.pdf

Eps from N11 to N1.
Downstream oil sector dey suffer.

Someone told me the dangote revolution will also affect those with tankers and tank farms.

yMcy56:
It's even 18M bids against 2M offers as at now....
There's something fishy in NASCON that insiders might have been privy to....

Sugar is rather falling. If there is any news, It might not be food

Seplat has provided opportunity for those that bought high but want to leave. 5,700

Sunrisepebble:
Waiting for it at 40, I also want to do JIJO

Me too oh. I have been waiting

Streetinvestor2:
Sweet market today.Traders running thr show today.I equally expect same tomorrow.
Monday investors start thr show after digesting results over the weekend.

Remaining banks results for those going to declare interim dividend and kpakus results next month.

from the 2nd week of next month the bank results should start coming. That's the bank bulls

Beta glass would have been a good option but their dividend history is something else. N300 stock wey dey pay N1 dividend