₦airaland Forum

I dont even think he will make a good Revd Father, as he lies too much.

vacanci:
Your tribesman Obi will make it worse.

That man is supposed to be a Reverend Father. He missed his calling

If the guy's 3rd leg no stand for night na this govt. It's bordering on paranoia now. Mental health struggles are real.

Agbalowomeri:
You dey mind him. NGX has done 5 baggers since 2023. Only during Obasanjo leading to the 2008 crash did we see this before

If they list, I will buy ASAP. NNPCL is Africa's second-largest company by market capitalization. Its listing will push Nigeria closer to the trillion-dollar economy aim.

KarlTom:
I believe that we are seeing more disclosure because the IPO is drawing closer...

https://businessday.ng/news/article/nnpc-advances-ipo-plans-moves-to-close-governance-gaps/

There are so many investors, inventors, and entrepreneurs doing their thing without exporting hate.

I am glad you mentioned China. I have yet to see Jack Ma, the CEO of BYD, and other Chinese oligarchs spreading discrimination or hate or giving Nazi salutes. Musk is the world's wealthiest man, and I dont think the few thousand USD I refuse to invest in his companies will impact him in any way, but at least I have peace of mind for not contributing to his agenda or funding his lifestyle. When I read his anti-Black, anti-Muslim, or anti- Asian people posts on X, my annoyance is tempered.

chimex38:
The bitter truth is that he and his businesses has a net-value addition to society- humanity, survival, basic comfort, discoveries, Luxury and even solutions to previously hopeless health-situations despite his utterances at times.

I don't know you as a person, but if you offer or sell a value that adds value to my life and future generations.
Irrespective of our differences, at some point I will have to swallow that aspect of pride and patronize my destiny helper


even If I don't, my future generations might give-in out of desperation and necessity for lack of conservative alternative.
So?


We are all HUMANS first-of-all before race, tribe, culture, religion. Majority of humans will naturally gravitate towards who and what provides these additions values to them for their human and genetic survival first.


That's why I love China, they are at the forefront of preserving their values and opinions while advancing with technology that inculturizes their Chinese values, perspective, tribe and beliefs.

I think Germans and Japan too were a bit conservative country in the 1800 and 1900s but they also advanced in their own way with the rest of the world while preserving their identity, beliefs and opinions.

I presume you dont follow him on X? Right?

SonofElElyonRet:
You made accusations with no shred of proof or evidence. Man's a genius and I see no racism from him

I will never touch any business owned by this racist islamophobe neonazi by a long pole. I wonder why black people and/or people of the Muslim faith continue to invest in and enrich a guy who routinely incites hatred against them and advances the cause of white supremacy.

SonofElElyonRet:
JUST IN: Elon Musk's Tesla $TSLA and SpaceX $SPCX may announce plans to merge before December, Barclays reports.
Source: Watcher.Guru

Behemoth company

He might just throw in X too

I suspect, or rather, hope, this is what is at play. Let him release some of his holdings to increase the free float.

mikeapollo:
Alhaji should just allot everything 100% to all subscribers
A 12billion or 15billion OS float would not be too much for such mega company.

This is bad news. Has Alhaji not met his expectations since?

pluto09:
https://www.reuters.com/business/energy/nigerias-dangote-oil-refinery-ipo-be-extended-by-10-days-executive-adviser-say-2026-10-12/

“Investors are selling off some of these investment classes to raise funds to participate in the offer, triggering a bearish stock market. With the mop of liquidity from the market and approaching 2027 elections, no one is very sure how long the bears will last,”

Nigeria was far from being rich in the 1970s. Gowon's statement showed he knew nothing about where to deploy the unprecedented excess funds from the crude oil sale he was getting.

pluto09:
So you believe Nigeria was rich in early 1970s because Gowon said so even when the real available data showed something contrary.

Well, now you should use your own IQ and stop derailing the thread with anti-govt responses that don't stand the test of true scrutiny. When you feel you must have a contrary opinion to anything the govt does, no matter how well-intentioned, it sets u up for public ridicule

mikeapollo:
Some of us actually learnt our ''engineering,'' ''science,'' economics,'' ''politics'', ''art'' (everything)'' under Tinubu himself!
We were with him from 2007-2015 when he was practicing the same Voodoo Engineering at Faculty of Anything Anti-Government, University of Opposition. He was a fantastic ''Vice-Chancellor'' and ''Pro-Chancellor'' combined

But you are 'the people' and could testify that these reforms have benefited you through the NGX performance. Abi I lie?

mikeapollo:
You see, this is the problem.
A govt is voted to improve the lives of the people. A govt is not voted into office to carry out the so called "reforms".
Any govt that says it has carried out "reforms" wbut cannot indicate how it has improved the lives of the people is a total failure. They hide behind "reforms" to cover their failures.
Any useless, unproductve, policy can be described as "reforms".
What is FX regorms that

The govt is not confused, in my opinion. They are merely being pushed to do this by an opposition ready to play on the people's ignorance and desire for immediate and temporary gratification.

mikeapollo:
Always trying to justify and rationalize decisions by a confused govt.
If you do not know, subsidy does not mean an ''indiscriminate'' arrangement. Subsidy can also be targeted. And it can be periodical as well.
If not for the opposition that made subsidy a topical issue recently, why did the govt not do this when fuel was selling at higher prices in the past?

Agbalowomeri:
Why don't you go in and clear all the offers since they are 'good-fundamentals'?

I wonder what is happening to the NGX.

The current trend is eroding my confidence in the market. How can there be so many 'good-fundamentals' stocks on full-offers zero bids? Aradel, Okomu, Presco, Vitafoam, TransPower, Julius Berger, Berger Paints....

What does "the March 2027 guarantee expiry arrives before the fix is complete" indicate? Care to expound? Will Oando become bankrupt by that deadline?

ghm:
Salient point, you raised, here are my findings based on your post.

Oando is being kept afloat by a legal guarantee from its majority shareholder, an aggressive debt-restructuring plan, and the sheer scale of its assets. But that lifeline has an expiry date, and it is not a long-term solution.

What's Keeping It Afloat Right Now
1. The OODP Letter of Guarantee
The primary lifeline is a Letter of Guarantee from Ocean and Oil Development Partners (OODP), Oando's majority shareholder. It is valid from 25 March 2026 to 25 March 2027. It commits OODP to support Oando so it can meet its financial obligations as long as liabilities exceed assets. The critical caveat: the evidence of OODP's net worth backing this guarantee has not yet been independently verified . This is not a cash injection; it's a promise from a related party.

2. The Recapitalisation Plan
Management has a three-part plan approved by shareholders: a N500 billion capital raise (first tranche N220 billion rights issue awaiting SEC approval), conversion of up to US$300 million** of Reserve-Based Lending debt into equity, and a **US$1.5 billion multi-instrument issuance programme .

3. Operational Cash Generation
Oando is not dead operationally. H1 2026 production averaged 42,789 boepd, up 16%, with production opex down 18% to $16.83/boe . It ended H1 with N544.92 billion in cash . Operating profit was N127.84 billion, a turnaround from a loss .

How Long Can It Keep "Selling Hope"?
The honest answer: until March 2027, when the OODP guarantee expires.

After that, the company's survival depends entirely on whether the recapitalisation plan succeeds. And there are serious doubts:

Negative equity persists: [/b]Total equity was negative N530.45 billion at H1 2026 .

Finance costs exceed operating profit: H1 2026 finance costs were N167.58 billion against operating profit of N127.84 billion . The company is not earning enough to cover its debt servicing.

[b]The "profit" is not from operations: N104.44 billion of operating profit came from other income and impairment reversals—not from selling oil or trading crude .

Shareholder governance challenge: A shareholder has formally challenged the US$434.5 million receivable settlement and the proposed rights issue, raising questions about related-party transactions and dilution, with copies to the SEC and CAC .

Could Seplat or Aradel Acquire Oando?
This is speculative, but here's the context:

Seplat is the largest indigenous producer, targeting 200,000 boepd by 2030, with net debt reduced to $370.7 million after repaying $200 million . It has the balance sheet and the operational credibility.

Aradel ended H1 2026 with N1.72 trillion in cash, the largest of the three, and has been on an acquisition spree, consolidating ND Western and taking a majority stake in Renaissance Africa Energy .

Oando's appeal: [/b]It holds the largest indigenous reserves and has completed the NAOC acquisition, adding significant Niger Delta acreage .

An acquisition would be a massive undertaking, given Oando's N2.42 trillion enterprise value and N2.70 trillion in debt . But it would be a logical consolidation play for a cash-rich Aradel or a strategically ambitious Seplat.

[b]Bottom Line
Oando is surviving on borrowed time and a shareholder guarantee. The operational turnaround is real—production is up, costs are down—but the balance sheet is still broken. The "hope" being sold is that the recapitalisation will fix it. The risk is that the March 2027 guarantee expiry arrives before the fix is complete.

They are probably waiting for the election outcome in January.

presiade:
The FT Russel people decided not to show face in the market since they came back. I’ve not seen their handiwork a bit.

Very surprised Aradel did not drop to <N1400 despite trading N5B worth.

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -1.43%
SEPLAT. ±

It's not just Vitafoam. many stocks are illiquid at the moment. I have been trying to sell off my Berger Paints for 3 weeks now without success. PRESCO, OKOMU, TransPower, Julius Berger, etc are in this category too.

Ladygracy:
No bid on Vitafoam for Weeks now.

I nor get energy. Continue. Una eyes go soon clear

mikeapollo:
Simple logic! What caused it to rise from N5 to N90 (NAOC acquisition) is specific and distinct from other factors that might have caused it to fall or stagnate.
The person is alluding to the other factors that he believes are making the stock to fall and stagnate. e.g. poor govt economic policies, lack of confidence, macro economic challenges etc. AFTER the initial rise can make the price to fall.
Tackle those other factors/allusions independently if you disagree.

Simple turenchi. Whether the govt is party to the 2023-2024 rise or not, if such a >1000% meteoric rise could occur under this govt, what is the sense in alluding to the fact that the same govt is somewhat hindering its progress and postulating that replacing it with another govt is what is needed to move the company's shares forward?

mikeapollo:
So how is that a credit to the govt.?
Oando acquired NAOC upstream assets and that caused the rally from N5 to N90. and the govt was not party to the deal.

Oando had been partners to NAOC and they started acquiring some of their assets since 2014

I think they know the so-called alternatives are not any better. They just hate the incumbent.

faoogoke:
I am amazed how Nigerian have so much faith in politicians.
Anyone taking over from BAT will not make life easier for the poor.
They dont care about anyone but themselves.

The same Oando that went from N5.50k in 2023 to 90 Naira in late 2024 under this same government?

Streetinvestor2:
Don't worry,oando will be OK by next yr.That is when we have kicked BAT out and sanity, accountability will have returned to Nigeria...go and verify
The hate for this government is so clear in the independence celebration of yesterday as shown by youths

Rather than coming on the NGX to raise funds and compete, Glo is content to remain a family biz. I dont think they are going to maintain the status quo. I read somewhere that their subscriber base has declined significantly over the years. I think they may go the way of Etisalat and co in the near future.

I wish Lebara the best.

chimex38:
-What happened to Mafab and their surprise 5G BId that they won?
-What happened to Etisalat since peak of early 2010s.
Re-branded to 9-mobile, yet nothing?

-Even Econet,that changed ownership several times to Vmobile, Celtel, Zain found it difficult to operate before Airtel came on board. Dem dey try sha.

-Even Glo isn't competing or expanding anymore just focused on maintaining status quo. They can't can again

- Our unique internet and data specific brethren, Spectranet and co have seen MTN again come into their space again to dominate their long existing market.

- when I thought Using Ngx to source capital l, show visibility, enhance transparency to investors and cement brand identity to compete favourably or even ahead of their peers;
LEGEND INTERNET is no where to be found in all ramifications I mentioned above.


Somehow, Telecom network infrastructure and maintainance is not for the faint hearted in Nigeria.

I give MTN kudos despite their extortion and network misbehaviour sometimes.

I wish the new entrant a very Good -Luck with abundance of divine Grace in their favour in challenging areas in this country.

BERGER, JULIUS BERGER, OKOMU, and PRESCO are currently the most illiquid stocks on the NGX. Who would have thought!

Of what use is this to this platform? Na wa o. Is it that the average Nigerian is incapable of taking corrections or behaving according to the laid-down norms of a group?

megawealth01:
As seen on the internet

Stockpromoter:
Japaulgold on Fire.
Looks like our gold don finally land

Ding

You are so ignorant. Lol. Like Tinubu has a choice! You think you empower your leaders and give them negotiating power when you openly clamour for a foreign nation to invade your country 'guns blazing'?

You think when you share AI pictures online of your president in handcuffs a la Maduro, showing how glad you would be if that happens, you strengthen your sovereignty?

You think those thick heads in ISWAP and IPOB would hesitate to partner with foreign agents to bomb Nigeria so that they would achieve their aims?

This is why it is very easy for oyinbo to play us against each other to achieve their goals. So long as we cant separate politics and ethnicity from sovereignty. You may hate Tinubu, but that should never make you undermine Nigeria. Ted Cruz and Riley Moore don't care for any Nigerian Christian. They only want your resources. Tinubu is a billion times better as an advocate for the Igbo than Trump or Netanyahu. Peter Obi is a million times better for Yoruba rights than Hilary Clinton or Obama.

Know this, know peace.

Krisuba:
And by every standard. Let assume I supported them, who signed the mineral vault to them. Better call incompetence what it is and stop beating about the bush!!

NELSON MANDELA

President Lula of Brazil.

Agbalowomeri:
Lol show me one activist who is a good leader

Why is anyone surprised?

When you were all supporting them to invade your country over fake 'Christian genocide' claims, what do you think will happen? You think they care about you? They only want your resources, and by aligning with them, you emasculate those you put in power. Self-sabotage.

megawealth01:
As seen on the internet

I was mocked… I was called all kinds of names… but it’s all playing out LIKE I PREDICTED…

I told you America was not coming to save you but to take your minerals…

Your $700 Billion Mineral vault has been signed off to America…

President Tinubu will still be re-elected… Trump will congratulate Tinubu and officially invite him to White House… I know you will call me names again because you never learn… but I want you to understand one thing - YOU ARE NAIVE. That’s all I can tell you. You are very naive. And the world is not kind to naive people. Wake up.

If you hate your country, you hate yourself.
You must learn how to hate bad leadership while still loving your country and protecting your sovereignty.
Do not joke with sovereignty.
Do not ever desire that another country will invade your country just because you hate your president. Politicians will come and go. But you will reap the consequences of your support for external aggressors if you do not value your own sovereignty and wealth.

With these news all over the internet while Insecurity is still high, don’t you think all of you owe those of us who stood against Trump an apology?

Trump your saviour played on your intelligence. My respect for SOWORE, VDM and Pastor Lazarus grew because of their stand against Trump’s threat of invasion but I realised that millions of Nigerians are actually not as intelligent as they claim to be.

That boy they call Alex is an agent but he f00led most of you. Russia even exposed him yet Nigerians still don’t get it.
It’s so easy to f00l Nigerians - especially those who think they are the most intelligent.
Those of you who believe American geopolitical games are just naive and ignorant. You hailed CIA agents and they used you to push their agenda.

Your $700 Billion Mineral vault has fallen into American hands. What’s up with insecurity? Since this whole thing, no be deal after deal you Dey hear? The so called Christmas Day air strike produced nothing. Mention one terr0rist that they took out that day. Ndiara!

Charles Awuzie

Stuck in Berger paints. Unsellable asset

I don join those groaning in Geregu