₦airaland Forum

Aradel, you think you are doing me? Others dey move up, you go dey move down.

An Executive Director in NAHCO just sold 1.2million units. Hmmmm

I have severed my brief suspension. I will avoid comment on the wor

wanaj0:
Apparently SEPLAT did not pay the appropriate tax that they will now have to pay with interest.

I think Seplat has settled all debts to govt. They appear to even have a tax credit. Abi na me no understand this language on the screenshot?
I understood it to mean that the govt is owing Seplat in billions of Naira, rather than the other way round.
https://nairametrics.com/2025/03/16/alleged-debt-seplat-and-chorus-energy-pay-n28-7-billion-to-nigerias-federation-account-reps/

Hmmm
E don dey happen oh.

Agbalowomeri:
Maybe the company owes unremitted tax before

The are not owing the FG. They are being taxed at 85% of profit.

They need FG approval to transition to the PIB where they will be taxed at 65% of profit. I don't see FG giving such approval soon.

Either way, the tax is too much.

Streetinvestor2:
Bros no allow food choke me...lwkd.
So fg don turn the money from them to another forex gain by banks join.

How else do we explain Profit before tax of 207 billion (over 1000% increase) turn to Profit after tax of 23 billion (just 200% increase)

Out of the 207 billion profit Seplat made in q1 FG took 184 billion while Seplat took only 23 billion.

Streetinvestor2:
They should block it for just 3 months make we check something.

Na seplat go hammer pass

Seplat money na FG money. The way FG dey tax Seplat ehh I just wonder whether we buy the ExxonMobil asset for them.

So finally, USA strikes Iran. And Iran that we all know will surely react one way or the other. Hmmm. Oil prices may rise, fuel prices may rise too.
I hope this does not have any effect on inflation, tc stability and our consumer goods stocks.

Beta glass don dey do 300 na wa oh

We are watching this our market

megawealth01:
FirstHoldCo assures to comply with CBN regulatory issues and pay dividend this year 


https://nairametrics.com/2025/06/19/firstholdco-assures-to-comply-with-cbn-regulatory-issues-and-pay-dividend-this-year/

Lol FBNH wey no dey pay dividend on the normal. Dem no need reply CBN. The instruction is in line with FBNH practices.
We are in FBNH for capital appreciation, any other thing na jara

megawealth01:
CBN played a game and many positions takers understood the body language and did the needful

When I look at the level of insider dealings on Zenith that were posted, and considering that much more might not have been posted, my conclusion is that you are correct. A game was indeed played.

bastardson:
Let investors leave Zenith, FCMB amongst others and switch to Access .. Let’s push the SP to 50 ..

Lol
This guy don load access
I do not know why no one is talking about UBA on this forbearance issue. Even the bank has not deemed it fit to make any publication.

What is the position of UBA on this issue

stcool:
Access the lower the better...make we first chop N1 interim first

N1 wey CBN hold for pocket?
Just dey pray

Sunrisepebble:
Reckless of the CBN or of the banks? They were sitting on a lot of stage II loans and acting as if everything was ok, it’s not reckless at all.
Although Zenith didn’t disclose the value of their forbearance, I have info that it’s almost 1 trillion and most of these banks I think it’s due to the Aiteo syndicated loan of about $2bn which they gave in 2014/2015. They all had exposure to them, so with the naira devaluation the naira value ballooned.
I don’t think the CBN has done anything reckless at all. I don’t even like or trust this disclosure from access because it hasn’t given any specific details at all

I don't have a problem with cleaning up the books. My problem has to do with the manner of it.
Like the recapitalisation request, he could simply have placed a deadline, afterall there was no imminent danger in the sector, as their second publication showed.
The winners are those that took positions, while those that rushed to sell- sorry for them

Meanwhile Conoil result don show. 2023 was better than 2024

Access bank has also stated that it would meet up with the requirement on regulatory forbearance by June this year.

I just wonder how reckless a Central bank could be by making such ambiguous and confusing publication with care to the possible impact on the economy.
Sometime I think they do these things for personal reasons.

Willie2015:
I may have to pick additional units
above 5k

.
It's having similar price appreciation in the London Stock exchange.
Is there something on the way that we do not know yet?

Seplat officially 5,450.
Up by N472.90

SonofElElyonRet:
Couldn't open this. Can you screenshot and post?
................................. .

I thought it was from my phone.

Yeye CBN

Looking for 40 Characters to make a comment

opaclem:
Oando would have risen if not for the Banking stock opportunities.

We said it earlier that any bear affecting the banking sector will go round.
The situation is even better than I thought.
I remember when sanisi was CBN governor. He brought his "risk management" background to the sector leading to overregulation of the sector.
Each policy of his that affected the sector had an all round effect until he finally took over some of those banks.
Thebgood thing about his was that he named and categorised banks. We knew the strong once and thise that were struggling...

MadmaxX489:
https://businessday.ng/news/article/why-access-zenith-first-bank-may-pause-dividend-payment-till-2028-report/#

Keep powder dry until after second qtr results are release and it’s becomes clear which banks won’t be paying any dividends.
UBA > 15
zenith> 20
Access> 12
😁😁

If you don't enter early tomorrow, forget it. These your prices will require an epidemic inspired lockdown to achieve

Presco crosses N1k
That's my own ELLAHLAKES
Banking stocks na where I get problem.

Wow

Gtco flying already.
Did N78
Hmm.
Capital appreciation will make up for the fall in other, as the right entry.

PuristForest:
this was posted april 16....


https://ewnation.com/accesscorp-may-recover-20-percent-but-bottom-not-in-yet/

If not for CBN...
Market will recover.

yMcy56:
Opportunities in banks.....
Don't follow herds mentality to sell off your bank stocks, at least don't sell at loss.....
Some people are waiting with sharpened Cutlass to pick from you cheaply.....

* GT already stabilize and reversing back up with higher bids than offers.....

GTb wey I dey target at 20% less the opening price.

It's unfortunate the country we live in.
A more developed country would ordinarily give proper information especially on the affected banks or even Cary out the process in such a manner as would not affect the market in a big way.

chimex38:
They can buy from him now..
He's offering free logistics.
He's also offering credit guarantee of 2weeks for about 500,000litres purchase.
These companies can afford it..
they are MAJOR MARKETERS.
They should patronise him and reduce their Cost of sales

The thing now is that those advantages bestowed by size, is lost. The big and small will now play on equal advantage.

If total sell 850, enjoy sell 850 and others sell at same price the name of the station becomes only cosmetic.

It's good for consumers. We can expect further lowering of prices of petroleum products(except that war in Iran will also lead to rise in prices of products)

GeneralDae:
Okay it seems this is the announcement Dangote was talking about last week.

you are right. He was specific on overhauling the downstream sector. Wahala for Conoil, Totalenergies and others in the sector.

Now that oil prices are set to...
Oil sector here we come

Abi na Access bank dey cause this type CBN directive?
You know Access bank don't like paying dividends

CBN has done more harm than good to Banking stocks investors. If they want the banks to be government owned and controlled, why can't they just say so.

It's unfortunate but more unfortunate that if there will be selloff, it will affect more than just the banking sector. It might go round.

Welcome to a bear week