₦airaland Forum

isaacosas01:
That price shows the person believes access corp will close on full offer.

Happy for them because I bought more today.

Average entry price now N26.73

If heaven wants to fall let it fall. The bank's management has rightly identified their problem and I suspect in the next few quarters we will begin to see those issues addressed

Agbalowomeri:
All set for the battle of the soul of ACCESS
Make Una push am back to N20

I suspect Access will close up tomorrow

Streetinvestor2:
Why hasn't our population size stopped the leaders from living larger than life and extravagant. Or you need evidence in regards to such spending mostly this present regime

Are people financially successful because they are smart or are they smart because they are financially successful

Do people become powerful because they are rich or do they become rich because they are powerful

ojeysky:
Libya pay the lowest taxes during the time of Gaddafi yet education was free, free housing, plus lots of other freebies. I use Libya intentionally because they are oil producing country like us. UAE is another, the taxes is low and see their growth.

We seem to excuse govt inefficiency with low taxes as if that is the problem. What has the resources in their hands been used for, even the so called low taxes they've collected, how have they used it for the benefit of the populace. How then do you have the moral to tax more when the one entrusted to you have been used so badly!

Libya 1.78 million barrels/day ~ 6.2 million ~ 0.28 barrels Per citizen

Nigeria 2.17 million barrels/day ~ 150-157 million ~ 0.014 barrels per citizen


Libya: Each Libyan citizen’s "share" of daily production was nearly one-third of a barrel. This high concentration allowed for the heavy state subsidies on fuel and services that have historically defined the Libyan economy.

Nigeria: Despite higher total production, the share per citizen was less than 2% of a barrel. Analysts often describe Nigeria as "oil poor" relative to its population because the resource revenue is spread across so many people.

Source Gemini

pluto09:
That was how we ended with the calamitous Buhari.
The erroneous belief that corruption is our biggest problem and that Buhari would be able to tackle it. Once he did, that 99% of our problems would be solved so we were told. That was how they packaged a dullard to be voted a president. We are at it again.

You can commit murder in Nigeria so long as you are fighting corruption

sophy17:
Does this capture the informal tax? Hmmm, how I wish, so you can see a totally different data. Someone did a report on Agbero/ MC Oluomo tax revenue sometime ago. Their revenue was mind boggling.

I know for a fact that Nigerians pay more taxes.
Even this government used it to justify the need for a tax reform. Just too much multiplicity of taxes. And there are others that you just to pay on your own so you can breathe! In 2017, I spent over 500k repairing a road leading to my street so i can drive to my house in peace. I am still spending my personal money on public facilities including private biz- Ikeja electric till today.
When I moved to my house in 2015, i used to have light upward of 3 days non stop but since last year that i am placed on Band A, I now get much less after taking my bill from 4naira per kilowatt to 200+ per kilowatt.
So we actually pay more taxes here to the government- three tiers and also to the informal. That is the reality!

deathwing:
With power comes productivity increase, with productivity increase comes innovation and higher earning wages. When I worked at a bank HQ, by 5am, the massive generators would come on and stay on till around 8pm. Imagine how much in expenses that would result in every year.

Power is a massive problem. Entire states in Nigeria use less power than any three factories in Texas. Without power, entire businesses like tech and manufacturing won’t even occur to you because the hurdle is too great. Just the laying of AKK pipeline has already prompted the building of three power stations and the attendant job creation. Factories and industries are already being planned on that route. Please, after security, power is the biggest deal.

deathwing:
Also, power is not just a factor of production.

Power is a basic human right!

Mankind2024:
For me, the greatest force of darkness fighting against Nigeria is literally darkness — the absence of reliable electricity.
Fix electricity, and you will see thousands of young people empowered by individual entrepreneurs. You will witness a sharp decline in the graph of insecurity across the nation.
The rule of law still holds in Nigeria, though much improvement is urgently needed.

I didn't make my post expecting 99% of the readers to agree with me. For practically all our lives we have been told that corruption and electricity are the two biggest problems Nigeria faces. When in reality, the belief that corruption and electricity are the biggest issues is actually the biggest issue.

We could spend the next few hours debating this claim, and maybe I would be able to convince one or two people but at the end of the day it will be like trying to drain the ocean using a tea spoon.

Mankind2024:
Yes, as I’ve consistently said in my posts, the era of collective prosperity in Nigeria is gone for good.

The failure of past leaders to invest meaningfully in the future is the heavy debt we are all servicing today. A country where only civil servants are reliable taxpayers, institutions are weak, the population is ballooning, power supply remains epileptic with frequent national grid collapses, insecurity is worsening nationwide, and corruption is deeply entrenched.

Recently, while going through my archives, I discovered that the highest school fee I paid for tuition and hostel accommodation throughout my professional degree was just ₦850. Today, I pay over ₦4.5 million per year for two of my children in Abuja, excluding transport. The scale of inflation and economic pressure is staggering.

Countries like Brazil successfully tax the wealthy and channel the proceeds into critical social services. This is made possible by a functional national identification system. In Nigeria, however, it was on record that some Northern leaders strongly opposed the successful implementation of a National ID system. The first major attempt in the 1970s was effectively rejected or frustrated.
Imagine how much better things could have been if Nigeria had built and enforced a credible National Identification system decades ago. Just look at a recent revelation from Osun State, one of the poorer states, which reportedly has over 8,000 ghost workers on its payroll, draining billions annually. How can the genuinely poor in such a state ever benefit from "collective prosperity"?

The realistic solution for most families now is to reject the crab-in-a-bucket syndrome. Focus on lifting your immediate family by empowering them with skills, capital, and opportunities.

Many Nigerians dream of establishing factories without first building serious capital through investments like stocks. But the truth is harsh, most factory proposals die at the conception stage. Ask any AI to calculate the conservative annual energy cost of running even a small 10-ton factory in Ogun State using diesel. The number alone is enough to kill the dream.
Since the return of democracy, the power crisis has only worsened. Successive administrations, Obasanjo (who spent billions of dollars), Jonathan, Buhari, and now Tinubu, have all struggled or failed to fix electricity. NNPC has often operated more like a regional fiefdom than a national energy company, with no clear, sustained master plan.

If anyone truly wants to fix Nigeria, let them start with electricity. The day stable power is achieved, you will see Nigerians pull funds from the stock market to invest in real businesses. You will witness more companies like Zichis Agro-Allied Industries Plc emerging and thriving on the exchange.
The Zichis story remains deeply inspiring, a powerful reminder of what ordinary Nigerians can achieve with vision, resilience, and determination in the face of extraordinary odds.

I don't agree that power is as big a problem as people think. Power is a factor of production, yes using diesel generators does make this factor of production expensive relative to other other sources however in Nigeria this is offset by ridiculously low/negligible/almost free wages (another factor of production).

I believe insecurity and rule of law (sanctity of contracts) are much bigger problems than power

GeneralDae:
I agree with you but even 80’s/90’s are bad examples overall except maybe for the free education in the early 1980’s.
The 1970’s during the initial oil boom were a bit better for the average man but we had the strongest fiscal position ever in the early Jonathan years (2010 - 2013) even though the 1970’s were still cheaper for the average person.

1970 Population: Approximately 55-56 million.

2026 Population: Estimated at 240.5 million to 241.4 million

Tax to GDP ratio Reached 16.9% by 1979

Source: Gemini

We were smaller and paid more taxes

deathwing:
The govt gets a pass mark on tax reforms, Okl and Gas investment attraction and managing inflation to some extent.


The govt is doing terribly on security of life, sanctity of life, and protection of rights. It doesn’t matter how shiny your economy is…if I can’t travel from Lagos to Edo by road, you have failed.

The govt has failed in power, the bedrock of any moving economy.

The govt lacks empathy, the bedrock of human relations. If a bad road can stop you visiting your murdered citizens, or if you can only stop at an airport for ten minutes to speak to massacred villagers, you are a great failure and don’t deserve leadership position.

The govt has failed in simple due process, that is why Chagoury gets trillions of naira in contracts with no bidding process.

Just because we make 100% on the NGX in three months doesn’t mean the government is working, we are highly privileged.

Before APC, I was earning 100k as a contract staff in a bank but could travel twice a year by plane to see my relatives.

Now, if you earn 600k a month, you have to open excel sheet before you travel anywhere because the roads are unsafe and air travel is now for the 0.5% of the population.

The govt arrests soldiers protesting for better food rations, but releases Boko Haram killers and reintegrates them into society.

This government is not even an oligarchy, but a family business since the First Lady and ‘First Daughter’ now have offices that can donate billions of naira from mysterious sources to their pet projects. The President’s son is now a heavyweight with his own expensive convoy and social media pages.

Need I go on?

You go see say nobody go argue with you on these points

thebargainhunte:
I invest in it cos I don't know the day I fit get Messiah there.

Just out of curiosity, assuming you are in Nigeria or when you were in Nigeria, how much insurance did/do you use personally?

thebargainhunte:
I always get woundjurement each time I invest in Insurance coys.

So why do it?

GeneralDae:
I overlook many half truths though not just here but all over social media but sometimes I just write. Not to win the argument with the person but to give a guide to the readers who want to do their own research or learn more.
We make thesame mistakes all the time. We complain about every Government without actually following all what they are doing so we can criticise appropriately or form better opinions on what we want.
The election comes and the intellectuals are not asking the right questions when discussing the details but would rather stay at the surface like the common man.
In the last election, I followed the policies of all four popular candidates plus even Sowore whom I knew would not win. I read lengthy summaries of all 3 major manifestos.
I may not agree with everything this Govt is doing but I don’t just follow only criticisms online but also what the Government is doing and saying. I then bring everything together in the end. That way if I want to oppose, the Government would take me very seriously because I know all their arguments.

Last last we need to kick Tinubu out of power sha. Not because he has bad economic policies but for other reasons

sophy17:
I think the basis for any government is to PROTECT and SERVE everyone especially the common man.
What keeps holding us back as a country is not the provision of a comfortable life for Nigerians but rather due to massive corruption by politicians. You keep hearing they shared billions to the poor but you will never find the any real beneficiary.

I am a frequent traveler to Brazil and I can confirm that even as a foreigner you don’t pay a dime for medicals- treatment, drugs and even feeding while on admission in all Federal and State hospitals. Same for education to any level in public schools which also includes feeding and accommodation. Infact, some public universities pay as much as 2100 reais monthly to each student. One Reais is currently 270 naira. I can go on o. Yet, they haven’t been held back!

They have one of the best medical institutions in the world! It is 24hrs. I always enjoy it each time I travel to Brazil and it is completely free.

I attended MBHS on broad street in this same Lagos. I only paid schools fees to enter class one because Alhaji Lateef Jankade was later sworn in as Governor of Lagos State and made sure everything was completely free. We were regularly given textbooks and writing materials. His children attended public schools with us. One of his daughters Dupe attended Maryland Comprehensive high school, Lagos. She later attended Ogun State University with his brother while I was there. Same for Segun Awoloeo who died recently. My seat mate at some point in MBHS, Christopher Agbamuche was the son of Senator Agbamuche. Then he lived at 1004 estate with his dad Senator Agbamuche while i lived at Palm Avenue, Mushin with my parent in a room face me i face you, but yet school mates with a serving Senator’s son. Can that happen today in Nigeria? No, because rogues have taken over governance in Nigeria and it very unfortunate to see many defend and make excuses for them!

Brazil: Tax-to-GDP: Approx. \(32\%-34\%\).
Nigeria: Tax-to-GDP: Significantly lower, traditionally under \(10\%\).

Source Gemini
I believe all the other things about your school have been answered

With regards to corruption, as I have stated, corruption is not something that can be objectively measured and as such debating about it is pointless as everybody will be giving their personal experience which to them is valid.

With regards to security, the government can only protect you with the resources you give to them.

[quote author=GeneralDae post=139287642][/quote]You are really prepared for the political conversation sha

Streetinvestor2:
The ones gotten outside tax in those countries. Are they looted/stolen by thr leaders. You want tax when you are stealing the fund from other revenues beside tax.
Are the leaders of those countries living larger than live and extravagant when they claim thr country is broke

The corruption conversation and the economy conversation are two very different conversations. Corruption is something that cannot be objectively measured, economic growth is.

I am not an APC supporter nor do I think Tinubu deserves a second term. However, in my opinion, from an economic policy perspective; I believe this government has been near perfect. There are other things that the government has failed completely and those things are probably more important than the economy.

Streetinvestor2:
Is that what is obtainable in countries doing well.So the health education, security power sectors etc are supposed to be reachable and affordable to the rich only by your standard .The larger naija population are in rural areas.They should die because to you they have no economic value or adds none

We want to pay Low taxes and yet compare ourselves to countries with some of the highest taxes in the world.

With regards to the "they should die" comment, nothing is guaranteed in this world oh, even life.

megawealth01:
Access Holdings Plc has crossed the N1trn profit-before-tax threshold for the first time, closing FY 2025 with PBT of N1.01trn and entering Q1 2026 with continued profitability of N272.21bn at the PBT line. The headline numbers, however, do not tell the full story of the year now ending. The Group is operating against a transition in the Nigerian banking system in which the supervisory conversation has moved from capital quantity, anchored on the CBN's 2024 to 2026 recapitalisation thresholds, to capital quality, anchored on the credibility of asset valuations, the depth of provisioning, and the readiness of bank balance sheets to absorb a more demanding stress-testing regime...

https://proshare.co/articles/access-holdings-fy2025-and-q1-2026-from-scale-to-value-as-capital-quality-becomes-the-market-test?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

Stock wey suppose do the needful on Monday go come go do the unexpected. Anyway make we dey look

Streetinvestor2:
As I no go church today because driving long distance yesterday. I get time this morning
Mr articulate why don't u articulate what are the achievements of this government for the past 3 yrs in different sectors. You so called government is doing wonders with the economy and poverty rate has continued to increase. The last time it was 63%.It could be 75% by now.just because u fall among the less than 1% population involved in ngx.You have mouth to dey yan dust.
Every good governance is for the living and not when your people are dying of hunger and poverty, insecurity .The power sector and public health sector are dead.The education sector they claim achievements is rubbish. Why must Nigerians collect government loan to fund thr education. Was that the way you and the generation before whr able to go to school. Is it the blotted and corrupt infrastructures happening under ministry of works.Abi the one wike is using to steal the country blind bribe judiciary/inec indirectly
You removed fuel subsidy as we all agreed.
Did we say u cannot subsidize the education, health and other sectors that wil make life bearable for the people. Whr are the packages that was to come with the removal of fuel subsidy. The cng mass transport system promised. It is now rocket science after 3 yrs
Oga this government was a mistake that shouldn't have happen to nigeria after the failed Buhari regime. They are only interested in borrowing and bringing out all manner of tax.
The facts are in the open .it is not about writing English as you dey look for articulate
I keep wondering what this government will use as achievements to campaign while asking for Nigerians votes.Since they don't have strong positions on that they are preparing different ground for rigging. Naija go red when the time comes if they think is going to be business as usual in 2027

Does the "common man" feel he has any responsibility in life? It's the government's job to put in place policies and infrastructure to help the economy grow. It's the "common man's" job to take advantage of those policies and become prosperous.

This idea that government owes you a comfortable life has held Nigeria back for decades and it needs to change.

megawealth01:
I honestly want access to fall below 20 naira. So all the dumpers please do that faster

Why not wait to have this conversation after market close on Monday

Mankind2024:
It would be great if you could share your success story and provide updates. Many members here hold both you and Mr. Emmanuel in high esteem.
Don’t be deterred by those who dismiss lived experience as mere “audio.” What you’ve achieved is a testament to God’s grace and the power of compounding.

I pray nobody on this thread shares kidnap story one day

pluto09:
You are definitely buying
Access is still the cheapest bank with the latest results.

We will not confirm or deny any future stock trading decisions until after the trade is made

emmaodet:
What is your take about Conhall result?

I think they released a fine result

Claude thinks the result is good and the stock is a buy. Target price N7.

I personally don't care about it

emmanuelewumi:
He is buying na. PE of 2 no be beans

We would find out on Monday. No need to spoil the fun

Agbalowomeri:
What about me that have categorically stated for months that ACCESS will not pay dividend? You don praise me?

Oga na Oga. E no need any praise

naturalflow:
eeeya ,eeeya!it is the same thing we are saying. uba was paying consistently for 20 years or more!before the present drama.as eee don be like this,the best way is to contact nosa2,transfer all your holdings to him for safekeeping!

You can send me your money oh, but I promise to use it to chop suya.

Slammmmmmmm:
https://doclib.ngxgroup.com/Financial_NewsDocs/46922_ACCESS_HOLDINGS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MAY_2026.pdf

Access Holdings

I am definitely trading Access on Monday. Whether I am buying or selling, I will only confirm after my trade.

Agbalowomeri:
Una sure say people never see ACCESS dividend? The way this 26 has been holding for a while is suspect

The UBA scare was somewhat justified. What was irrational was the Access Bank fall. Anyway I thank the sellers; They allowed me to buy back my Access Bank at N26.4.

emmanuelewumi:
That is the reason why I borrow against my shares in other to buy more shares. Eating your cake and having your cake

Until the bear market comes and you lose both the cake on the table and the one in your stomach

megawealth01:
Workloads this early morning made me a little late...

UBA still looking for crude oil down the earth


Who did Tony offend bayi? The offers are too much na

ACCESS kind of recovering sha. Hope they pay a good dividends anyways

I just sold down some of my ETI and bought some Access at N26.4.

Withdrew some money for the boys (which is nice)

crownprince2017:
I saw oga Nosa on the eti queue trying to bail out.

No be me you see oh

egojeny1:
Nawa o, this vex really enter una bone marrow

Dem no wan hear story

BabsO2:
ETI rocket wey don lose momentum.
UBA engines getting final settings, once the weak hands have disembarked the door will be shut for take off.

ETI lose momentum? I laugh in Chinese