₦airaland Forum

I think rights issue and primary offer operate differently. You will notice that the option to select preferred Stockbroker is only activated for the primary offer.

Zenith is perhaps the lead or joint lead Stockbroker for that rights issue.

4willer:
Dear All,

It has been noticed that buying DANGOTE Sugar Refinery Plc Rights Issue on the NGX Invest website defaults to Zenith Stockbrokers on purchase completion. While making purchase, there was nowhere to select preferred stockbroker, but springs surprise on completion with Zenith as the stockbroker.

Was this deliberate by NGX to favour Zenith Stockbroker in any way? Any deal somewhere?

Would this not cause confusion during final allotment?

Where would the allotment be deposited, if the investor is not using Zenith Stockbroker?

This is a strange development on NGX Invest.

Your car is in miles. The figures you quoted convert directly

Dododudu:
Hello everyone,

I bought a 2008 Toyota Prius late last year. Because of insurance, tax, and other things, I left it parked for a few weeks. After about 3 weeks I began to use it, but every time I switched off the engine, I had to jump-start it to get it going again even after a 1-hour drive. At first I thought it was the cold weather.

I took it to the mechanic and it turned out the 12V battery was small and old. I got a new battery, and everything went back to normal. But now the car feels faster than before.

When I was driving at 70 km/h before, it felt like I was crawling. Now it's faster than before.

Recently, I used Google Maps to go somewhere I didn’t know. My speedometer showed 40 km/h in a 50 km/h zone, but Google Maps showed 60+ km/h with the red warning that I’d exceeded the limit.

With daily monitoring, I noticed when my speedometer shows 60 km/h, Maps shows 90+ km/h, and when it shows 70 km/h, Maps also shows 100+ km/h.

Is there a way to fix this without spending much as I don’t want to be a victim of speed cameras.

Berachahrent:
Genuine and durable

How much is 75ah 12v

Sunrisepebble:
So how does it compress their margins if steel is cheaper. I don’t understand

The steel tariff cuts will hit manufacturers and construction, not food producers. What actually affects BUA Foods and Dangote Sugar is the drop in sugar import tariffs from 70% to 55–57.5%, which weakens the duty protection their business models rely on.

Sunrisepebble:
Are BUA and Dangcem into manufacturing of steel?

They are into manufacturing but require steel for expansion and major construction

Implications of the new policy

The steel tariff cuts (35% across the board) compress margins for listed manufacturers like Dangote and BUA who rely on import duty protection. Watch those stocks.

But the flip side: zero tariffs on agricultural and manufacturing machinery slash costs such that companies investing in expansion get cheaper equipment immediately.

Sugar and rice reductions will hit Dangote sugar, BUA Foods and Flour Mills etc. hardest. Their pricing power shrinks the moment cheaper imports land. Short-term pressure on earnings is real.

Zero tariff on cargo ships signals a logistics push. Ports and freight plays could benefit.

For Nigerians at large,
Rice, salt, sugar, and palm oil tariffs all dropped. That should ease food prices. It only works if importers pass the savings down rather than pocket the margin. With naira volatility still in the picture, the relief may be partial.

Construction gets cheaper: tiles and steel bars are both down. Anyone building or renovating sees real cost reduction.
Surgical theatres at 5% from 20% is a quiet win for healthcare infrastructure.

The green tax exemptions for EVs, mass transit buses, and small-engine cars nudge transport toward affordability and cleaner options, but the EV market in Nigeria is still nascent, so this is a long game.

Source: The cable, https://share.google/IOdbOqD5ug8XvwfnG

People of the Middle East have been at each others throat for thousands of years; conquering, displacing, enslaving, repossesing each other. Long after we're all gone, they will still be.

The recommendation is, focus on your life and treat their matter as an entertainment and academic exercise and have enough money to buy fuel when it rises.

Brandolini's Law states that "The amount of energy needed to refute buls*!t is an order of magnitude bigger than that needed to produce it"

You have some strongly held opinions about these issues, it wouldn't hurt to get this update.

Don't put the burden on us.

mikeapollo:
You have not said anything!
Although I don't claim to be an expert on the topic

It would be a good idea to update your knowledge rather than double down.

mikeapollo:
That was long before now according to history. But now, they have been ''Arabized'' to a large extent. They speak their local languages, especially Farsi and Arabic

Iran is not an Arab nation.

mikeapollo:
Iran should watch how it attacks fellow Arab nations so it does not lose their support and sympathy because that would be a big mistake.
We hope the possible rise in fuel price would not cascade down to affect our pump price in Nigeria too?

It has gotten there

Dip getting deeper... At what point do we stop buying and wait?

They made it too obvious. They could have made it look more organic rather than coordinated

sowunmisho:
The line-up of posts after the Author, makes them seem kinda sponsored.

Just saying #

Here are some key signs of market manipulation:
1. Unusual Price and Volume Movements:

Unexplained Price Volatility: Sudden, drastic, and unexplained surges or drops in a stock's price, especially without any corresponding news or fundamental changes in the company.

Abnormal Trading Volume: A significant increase or decrease in trading volume that is inconsistent with the stock's typical activity or market trends. This can be a sign of "wash trading" (simultaneous buying and selling by the same party to create an illusion of activity) or "spoofing" (placing large orders with no intention of executing them to manipulate prices).

Irregular Trading Patterns: Sudden changes in order sizes, timing, or patterns that disrupt the normal flow of the market, leading to distorted prices.

2. Dissemination of False or Misleading Information:

Unsubstantiated Market Rumors: The spread of rumors or unverified news about a company that could significantly impact its stock price. This is common in "pump and dump" schemes where manipulators spread false positive information to inflate a stock's price, then sell their shares at the peak, leaving other investors with losses. The reverse ("poop and scoop" or "bear raids" involves spreading negative false information to drive prices down for profit.

Fake News or Social Media Hype: Intentional falsehoods spread through online channels, chat rooms (Nairaland), social media, or message boards to influence investor behavior.

Inconsistent Financial Performance: A disconnect between a company's reported financial performance and its stock price movements, which might suggest artificial manipulation.

3. Suspicious Trading Activities:

Wash Trading: Buying and selling the same security rapidly, often between colluding parties, to create the impression of high trading volume and demand.

Spoofing/Layering: Placing large buy or sell orders with the intent to cancel them before execution, thereby creating a false impression of demand or supply to influence other traders.

Front-Running/Tailgating: A broker or trader taking advantage of foreseeable market movements by trading on their own account based on advance knowledge of a pending client order.

Marking the Close: Buying a security at the end of the trading day at a price higher than the current bid or ask to artificially inflate its closing price.

Churning: Excessive trading in a client's account by a broker or fund manager primarily to generate commissions rather than to benefit the client.

And many more

Seem like they ate using pregnancy as a cover for everything you've always wanted to do

Based on the financial report for Cutix Plc, several trends can be inferred that may indicate future performance:

https://doclib.ngxgroup.com/Financial_NewsDocs/43228_CUTIX_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

POSITIVES

1. Revenue Growth:
40% increase in revenue from ₦8,412,083,000 to ₦11,812,947,000 suggests strong growth in sales, particularly in the Cables and Wire Sales segment. Continued growth in this area indicates a positive outlook for future revenue.

2. Profitability:
12% increase in profit before taxation and 13% increase in profit after taxation reflect improved profitability. This positive trend, combined with a 13% increase in adjusted EPS, suggests that the company's core operations are becoming more efficient.

3. Capital Expenditure:
A significant 274% increase in capital expenditure from ₦336,968,000 to ₦1,258,788,000 indicates substantial investment in property, plant, and equipment. This investment could lead to increased production capacity and future growth.

4. Equity and Liabilities:
The 17% increase in total equity and the 15% increase in total assets suggest a strong financial position. However, the 12% increase in total liabilities should be monitored to ensure that the company's debt levels remain manageable.

5. Cash Flow:
Positive net cash generated from operating activities (₦1,471,728,000) indicates strong cash flow from core operations. However, the net cash used for investing activities (₦1,259,158,000) reflects significant investments, and net cash used in financing activities (₦360,491,000) may impact short-term liquidity.

5. Cost Efficiency:
The relatively low increase in selling and distribution expenses and administrative expenses compared to revenue growth indicates improved cost efficiency and effective expense management.

NEGATIVES

1. EPS Decrease:
The actual EPS (Earnings Per Share) has decreased by 44%. This indicates a significant drop in profitability when considering the overall earnings divided by the number of shares.

2. Increase in Liabilities:
Total Liabilities have increased by 12% from ₦3,201,590,000 to ₦3,579,639,000. While the company is investing and growing, the rising liabilities could be a potential risk if not managed properly.

3. Capital Expenditure Surge:
A substantial 274% increase in capital expenditure (₦1,258,788,000) compared to the previous period (₦336,968,000). While this investment is crucial for future growth, it also implies higher immediate costs which could affect short-term liquidity.

4. Net Cash Used in Financing Activities:
The company has a negative cash flow from financing activities (-₦360,491,000), indicating more cash outflows than inflows from activities like repaying loans, paying dividends, etc. This could signal potential liquidity issues.

5. Inventory Levels:
A significant portion of current assets is tied up in inventories (₦4,024,958,000), which increased from ₦3,473,890,000. High inventory levels can lead to higher holding costs and potential obsolescence risks.

6. Tax Burden:
The company's tax expense has increased by 11%, which could impact net profitability in future periods if the trend continues.

This write up was aided with Microsoft CoPilot

Anyone with an abridged version of the whole drama?

Did you know that some fuel pumps might be charging you for more fuel than you actually receive? 😱

Recently, I conducted a simple test: I filled a 5-litre container, but the pump showed 6.26 litres! That’s 1.26 litres more than I actually got. When I filled my vehicle with 71 litres, I was charged for 15.14 litres that I never received! 💸

Here’s the breakdown:

Amount Paid: 75,114 at 999 per litre at NNPC filling station

Litres I Should Have Received: 75.19 litres

Litres I Actually Got: 60.05 litres

This means I paid for 15.14 litres of fuel that I never received! 😤 That is 15k!!![/right]

What can you do?

Test the Pump: Fill a small container (e.g., 5 litres) and compare the pump reading to the actual amount.

Report Issues: If you notice discrepancies, report it to the fuel station management or relevant authorities.

Spread Awareness: Share this post to help others avoid being overcharged.

Let’s hold fuel stations accountable and ensure we get what we pay for! 💪

Does anyone have an idea how to insure phones in Nigeria. Cost of fixing screens is something else these days

You take feedback seriously. Well done.
Here are a few more formatting tips:

Headers: Use bold text for headers to make them stand out.
Alternating Row Colors: Apply a light background color to every other row to improve readability.
Borders: Add borders to the cells to clearly separate the data.
Alignment: Align text in columns to the left, right, or center, depending on the type of data.
You already have the hover Effects, you can make it pop more.
You may consider "Price (₦)" and get rid of "₦" in the rows

toyeoye:
Done

Top gainers in 2025

toyeoye:
Real-time data, right at your fingertips! 📈 No lags, no refresh—just pure, live updates as they happen. 🚀 Check it out: https://stockbubbles.com.ng/ 🔥

Well done. I like the way the bubbles float around, really nice idea. As for the table, I think it can be cleaner. You may wish to remove "Qty." from each row under Volume, you can add that in the header like [VOLUME (Qty)]. The font size can also be reduced slightly to avoid spilling into another line. You should consider closing the gap in the Naira sign and percentage sign. So instead of "9.92 %", you will have "9.92%" for example.

Overall, its great work

I was driving out of my residence and all of a sudden, the car started jerking and would not accelerate.
Parked it in a safe place, scanned it and the code P1659 came out. I located the faulty relay and replaced it with 500 Naira.

Most of the people around were already talking plenty... engine mount, this and that.
If you can afford to buy a car, try and get a diagnostic device.

I am using Konnwei KW808. Although its not able to scan the transmission and many modules are missing (O2 monitoring etc.), it still does the basic.
If there is a recommendation on a better one, will take it

Who has an insight into what is happening to MERISTEM GROWTH EXCHANGE TRADED FUND (MERGROWTH) and MERISTEM VALUE EXCHANGE TRADED FUND. They both have lost 89% and 85% of their value recently.

How can somebody become director please.

ositadima1:
Breakdown of Zenith Bank Plc AGM Resolutions (Lagos, Nigeria, May 9, 2024)

Meeting: Annual General Meeting (AGM) held on May 8, 2024

Location: Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos State

Key Resolutions:

Financial Statements: Approved the Report of the Directors and Audited Financial Statements for 2023.

Dividend: Declared a final dividend of N3.50 per share (total gross dividend of N109,887,728,254.50) for the year ended December 31, 2023, payable to shareholders on record as of April 24, 2024. (This brings the total dividend for 2023 to N4.00 per share and a gross dividend of N125,585,975,148.00)

Board Changes:
* Approved Dr. Juliet Ehimuan as a new Non-Executive Director.
* Re-elected Dr. Al-Mujtaba Abubakar, Dr. Omobola Ibidapo-Obe Ogunfowora, and Mr. Henry Oroh as Directors.
* Re-elected Engr. Mustafa Bello as a Non-Executive Director.

Auditors:
* Ratified the appointment of Messrs. PricewaterhouseCoopers (PWC) as External Auditors.
* Authorized the Directors to fix the remuneration of the Auditors.

Management Remuneration: Noted the remuneration of the Managers as disclosed in the Annual Report.

Directors' Fees: Set the Directors' fee for 2024 at N40 million only for each Director.

Share Capital Increase: Increased the issued share capital from N15.69 billion to N31.39 billion by creating additional ordinary shares.

Capital Raising Program: Authorized the Board to establish a program to raise capital up to the authorized limit, through various methods and subject to regulatory approvals.

Rights Issue: In case of a Rights Issue, authorized the Directors to offer unsubscribed shares to other interested shareholders after obtaining approvals.

Articles of Association Amendment: Amended relevant clauses in the Company's Memorandum and Articles of Association to reflect the new share capital.

Cancellation of Unsold Shares: Authorized the Directors to cancel any shares not required after the capital raising program.

Implementation Authority: Granted the Directors authority to appoint professionals, perform necessary acts, and comply with regulations to implement these resolutions.

Audit Committee:
* Elected/Re-elected Mrs. Adebimpe Balogun, Mr. Michael Olusoji Ajayi, and Prof. Leonard Fidelis O. Obika as members.
* Nominated Dr. Al-Mujtaba Abubakar and Engr. Mustafa Bello as Directors to the Committee.

Anyone knows what could lead to this error on Stanbic Stock Platform?

Have they checked the spark plugs?

Webinar Highlights:

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Small tips

Diversify Your Insights: Don't just use one opinion. Explore different perspectives for a balanced view of the market.
Manage Your Risk: Remember, this ain't a casino. Never gamble with your future.
Engage the Community: Ask questions, share your thoughts, and soak in the valuable input.
Think Long-Term: This is market marathon, not a 100-meter dash. Patience is key.
Stay Disciplined: Don't let emotions hijack your plan. Stick to your strategy and avoid impulsive decisions.
Humility is Your Friend: The market's a beast, always be open to learning and adapting. Forget "guruship"
Keep Your Radar on Trends: Stay informed about market trends and events. Knowledge is power.

This reassuringly feels great.

OBAGADAFFI:
Yes

If a company offers 4 for every 5 shares as dividends and the client exits after qualification date. Will the client still get the dividends?