₦airaland Forum

The minister has called for a slashing of cement price.

HesInMe:
Let's say the market goes down another 15-20%. What are people's highest conviction names for a rebound? I'll throw one out:

WAPCO: Cement demand and price aren't abating; capacity expansion on the horizon; still trading at low teens multiple.

Which is the reason many sensible Nigerians are going to ensure a numbskull like Obi never smells Aso Rock as things will be worse for us all.

Pesuzok:
I see people use this phrase and wonder how you differentiate yourself from those crying and those smiling. As far as you don't benefit directly from any government in power, everyone will be affected by the good and bad state of the nation

Peter Obi cant tell or show me anything as he is intellectually inferior. The same man under whose watch doctors in Anambra downed tools for 13 months. Anambra people that couldnt afford care in the private sector died in droves. The same Obi that brought his Fidelity Bank Director to succced him and we all know how the guy fared. When dem Sowore were fighting for Democracy, Obi was Abacha's Tin Can Port right hand person.

Support your imbecilic candidate in private. Save us precious oxygen. Obi my foot!

Martartins:
My God you're dull. Even in your personal life, everything starts with the habits you practice to keep your house in order no matter how little.
Peter Obi has shown you that their is too much wastage in government and he is going to make common sense rain.
If you cannot understand that simple analogy, I pity your life.

The insecurity is terrible but there are too many areas without security presence. Swift implementation of the State Police and true financial autonomy for LGAs would help greatly as a lasting solution.

mikeapollo:
Read this, if you would:

NIGERIA is bleeding—literally and financially.

https://punchng.com/nigeria-is-bleeding/

And the point of this infograph is what? Its Tinubu's 3 years that put Nigeria at Nos 14 on the list you shared? Or his 3 years should have lifted us to surpass South Africa and Morocco in indistrialization?

megawealth01:
Make I no talk wetin dey my mind...

Someone said Nigeria Stock Exchange reforms na achievement of jagaban

Lol. Try harder. Even after factoring devaluation of the Naira, the NGX done has done quite well and surpassed expectations. I know it is an anathema to you to give any credit to this govt, which reinforces my believe that your stance is borne out of hateful sentiments than hard facts.

mikeapollo:
The stock market has been booming long before Tinubu became president, partly because of better investor education, enlightenment etc. and the devaluation of the naira over the years has also influenced more people to find a way to invest their money in stocks, bonds etc. instead of keeping it inside the bank with little or no interest, to hedge against inflation etc. The market will still boom after Tinubu is no longer the president because there is huge potential.
By the way, every 1000 you make in the NGX right now is the equivalent v=worth of about N200 a few years ago! Prices have increased, so your N1000 of today may not even buy what N200 used to buy. I was shocked when I heard that a bottle of ground is now N1,800-N2000. Something that was N300-N350 just a few years ago

Peter Obi is actually the most clueless among the array of leading candidates.

It is shocking to me that a region of Nigeria that has produced globally acclaimed intellectuals have no netter person than Obi to fly their flag. How anyone can listen to Obi speak and conclude this is the man I want for President baffles me.

Valthegreat:
If in 2015, 2019 and 2023 you didn't ask APC what they will do differently before you voted them, what we are saying now is that now that they have failed let's remove them first and out another person at least that has a tested integrity then if he fails another 4 years we remove him and vote in another person that's the only way we can reclaim our power as masses if not these politicians will continue to use to play ludo. Honestly people can't give what they don't have, Tinubu doesn't have integrity and as such can't run a transparent governance needed to clean up the mess of the past because that will require frugality. You can't expect Nigerians to sacrifice while living in opulence, borrowing to fund presidential yatch and presidential fleet while telling Nigerians to wait in hunger until they die before things will become better in heaven.
The fact remains that without bias only Peter Obi can be able to frugally run that type of government whereby cost of governance will be drastically reduced so that our meagre resources can be put into use from r the masses without massive borrowing that will remove the lid covering a better future for Nigeria. I am an not an obedient member, but that's my assessment of the current presidential candidates with tested capacities. Let's try another person and if he messes up we remove him after 4 years.

Lol. Your emotional blackmail wont work with me. Take it somewhere else.

What alternative do you or your presidential candidate propose? The 'I will increase electricity by 10,000MW but cantt tell you how' mantra?

Your submission would make sense to me if you are supporting Sowore and his AAC for President,as that is a real paradigm shift, but if it is Atiku, Obi, Amaechi and Kwankwaso, then you are just a big hypocrite as these leading candidates have the same policies and none of them will birth any new Nigeria. I am even glad Tinubu has the cojones to follow through. I am unsure the others wouldnt have chickened out- a worse scenario.


I dont like Tinubu or his brand of politics. I am highly critical of this government on many fronts. I have no dog in this fight and consider all 'leading candidates' the same, but I credit this govt and the CBN for the reforms that is bringing sanity to the business environment and has seen the stock market boom. This is about the only thing I am currently benefiting from Nigeria and I dont want any clueless candidate to come to office and mortgage that on the platform of cheap populism.

Valthegreat:
So the best form of governance is removing everything holding the livelihood of the masses together at the same time and pushing them into abject poverty without any form of provision to cushion the effects? instead more and more taxes are being rolled out by the day to collect more from the masses while huge borrowing that can't be accounted for is ongoing every quarter?
If you have removed petroleum subsidy, electricity subsidy and FOREX subsidy all at once why still borrowing our future out to put the country into perpetual debt? Where are the funds freed from the removal of the subsidies if we must still borrow to fund the budget?
Is it not people that are alive that can witness the eldorado of the future I don't know when APC is promising us.
Please tell me the economic importance of connecting Lagos to Calabar or Lagos to Sokoto by new roads, have Nigerians not been traveling to Sokoto and Calabar from Lagos before?
If not for the want of white elephant projects to loot funds in this century is it more economical to connect such long distances by new roads or rather safe water way travel to Calabar via the atlantic and and safe rail travel to Sokoto by speed train?
While you are here projecting a failed government for second term hundreds of thousand of Nigerians are being held hostage everyday and as such terrorism is being funded via massive ransom payments while the government looks the other way.
My prayer is that whoever that is supporting this evil of a government that is watching while Nigeria is being overran by terrorist will enjoy the dividend of what he supports directly by encountering these terrorists one on one, just say amen!

Lol. If I tell you how much I lose daily each time Aradel, DangCem and NAHCO shed 10% you go follow me weep. But, its all part of the process. I invested for the longterm and I am not a trader. Hence, I know things will rebalance soon. In fact I will add more to these stocks if they fall further. So far Nigeria is stable and this current adminsitration continues next year, the NGX will rebound.

Slammmmmmmm:
My portfolios just dy receive bashing, home and abroad. As I dy scoop the dip, it’s getting dipper… observation mode

Wow. So NELFUND hasnt helped indigent students? The boom we experienced on the NGX before the recent slump was due to these bold economic reforms. Are you saying the masses dont have cause ti travel on the parts of the Lagos-Calabar coastal road completed so far?

Any government that took the bold economic and infrastrural development steps earlier listed cant be said to be 'doing nothing'. Lets be sincere to our conscience. While majority of these steps may not have translated into bettter life for the citizens, lets consider the scenario if we have continued with the Buharinomics- borrowing to pay fuel subsidies(an amount surpassing annual budget for health and education), using 97% of revenues to service debts, CBN printing currencies and practically runnign a parallel govt in a govt and having a dual-exchange rate that turned loafers with connections to overnight billionaires via financial round -tripping. We were on the verge of national bankrupcy a la Argentina, Greece and Ghana.

megawealth01:
Be calming down. How has all these things you quoted helped the masses? Be honest to your CONSCIENCE

“My first interpretation of the H2 2026 outlook is in the context of the pre-election year we are currently in. In pre-election years, the stock market tends to be strong from January to May, and then we start seeing some weakening from June. That decline tends to be very strong in August and September — in fact, in the pre-election years we analysed, the ASI was actually negative in both months.”- Mr. Abiodun Ogunniyi, Head of Research, GTI Securities

It will be terrible if this trend continues till August!

This is the reality of the situation.

Testimonies777:
I sincerely hope so!!!. I learnt when I just came into NGX to study the market pulse with GTB. In the last two weeks, I have seen heavy selling/great offers compared to bids in GTB. PROBABILITIES: 1. Is it JANET? 2. Are serious and heavy investors selling to buy Dangote refinery? 3. Is it the effect of FOREIGN FUND PREFERENCE OF DEBT OVER EQUITY? *The Bigger Picture : Debt Over Equity
If you look at the total $10.37 billion in foreign capital imported into Nigeria in Q1 2026, the preference for fixed income over equities is massive. The high-yield environment created by the CBN's elevated Monetary Policy Rate dictates their strategy.Out of the $9.86 billion classed specifically as Foreign Portfolio Investment in Q1:Money Market Instruments: $6.50 billion Bonds: $3.23 billion Equities/Shares: $75.34 million

THE CAUSE OF RECENT RED IN THE MARKET?
Foreign funds are parking billions of dollars in 364-day Treasury Bills and FGN Bonds to capture risk-free double-digit yields, leaving Nigerian equities as a secondary, speculative play .

Every major stock is on full offer my gee, including Seplat, BUA Food, DangCem, etc.

SimpleGuy001:
I have absolutely nothing to gain from Aradel going down. But no go inflate Wetin no suppose be when somebody is coming here to predict 2000 - 3000 as current price when it has no fundermentals to support it.

As I am typing this, Aradel is on full offer again this morning. Have you asked yourself why? Even after releasing a great FS? It’s because the main analysts from these institutional funds saw what I saw from my analysis based on their current FS.

I have nothing against it. Moreover, read and pass if you don’t like what I am saying or constructively engage. No come dey antagonize me chief.

So much sell offs on the NGX. Full offers and zero bids for so many previously coveted stocks. Seplat, Aradel, DangCem, Betaglass, Berger, Julius Berger, etc.

You say?

You think the current trend is due to the upcoming elections?

Agbalowomeri:
5 more months to go

A real bearish market. June should come and be going abeg.

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -2.07%
SEPLAT. ±

Its not already down if it hasnt reached the treshhold as this guarantees it opens at the previous day price and not suffer subseqent daily 10% loses.

Berger Paints has been trading at 10% less than the opening price for over a week now anD has still not reached treshold. If they manage good Q2 results, they can go from full offer at -10% to full bid at +10%. Thats the magic of the NGX.

SimpleGuy001:
It’s already down 10%. 1750 na imaginary figure cause you can’t sell at that price

📌 Ellah Lakes Restructures Balance Sheet: 2.25 Billion New Shares Listed After ₦6.3bn Debt-to-Equity Conversion

📊 Overview: What Happened?

Ellah Lakes Plc has completed a major financial restructuring, converting debt into equity and listing the newly created shares on the Nigerian Exchange (NGX).

👉 This is known as a Debt-to-Equity Conversion

🧠 Simple Meaning (In Plain Terms)

Instead of repaying ₦6.3 billion in debt with cash, Ellah Lakes:

Converted that debt into company shares
Gave lenders/investors ownership in the company
Listed those shares on the stock market

💰 Key Transaction Details

🔹 1. Debt converted

Total debt converted: ₦6.306 billion
Conversion price: ₦2.80 per share

🔹 2. New shares issued

2,252,142,858 new ordinary shares
Each share: 50 kobo unit value

🔹 3. Listing date

23 June 2026
Listed on the Nigerian Exchange (NGX)

📊 Impact on Share Capital

Before listing:

3,858,173,678 shares

After listing:

6,110,316,536 shares

👉 Increase of about:

2.25 billion new shares added

⚖️ Why companies do this

Debt-to-equity conversion is usually done to:

Reduce debt burden
Improve financial stability
Strengthen balance sheet
Avoid cash repayment pressure
Attract long-term investor confidence

📉 What this means for shareholders

✔️ Positive sides:

Company becomes less debt-heavy
Financial structure becomes more stable
Better long-term sustainability

⚠️ Possible downside:

Share dilution
Existing shareholders now own a smaller percentage of the company
Earnings per share may reduce in the short term

📌 Market Interpretation

This type of listing is typically seen as:

A financial restructuring move
Not necessarily a bullish or bearish signal on its own
Its impact depends on:
Future profitability
How efficiently the company uses reduced debt pressure

🧾 Bottom Line

Ellah Lakes has essentially:
👉 Converted debt into equity
👉 Increased its share base significantly
👉 Strengthened its balance sheet but diluted ownership

If oil prices remained elevated during the Iran-related disruptions and production stayed strong, then I would expect a Q2 result showing revenue above ₦700bn again,PAT materially above Q1, and EPS possibly exceeding ₦18–20 for the quarter. If Aradel delivers that, annualized EPS could move toward ₦60–80/share, which would make the current valuation look very attractive, even for new entrants BUT, of course, this Q1 result still does not yet fully demonstrate the earnings power many investors expected from the ND Western acquisition.

yMcy56:
Lol at 'rely' ....Which rely? 😁
ARADEL na big men's meat, no be my area....

I blvd with Q2, stability in the market and some bull visitation, ARADEL should cruise above 2k and move to settle around 2300/2400/2500, na GUT Analysis 😊

Let's see how Mr. Market handles it because it has a mind of its own.
We

I expect Q2 result to be even more fantastic because the gulf war crude oil windfall only affected March earnings in Q1, but persist almost throughout Q2. Aradel could be doing better, but I am glad with the Q1 result. These are the numbers I liked most:Operating cash flow: ₦868.3bn. PAT: ₦120.3bn

That is an extraordinary cash conversion quarter. The company generated almost ₦0.9 trillion of operating cash in just three months!

HesInMe:
Isn't this already largely priced in -- especially as oil prices come down?

Fantastic Q1 Report I must say!

megawealth01:
On ARADEL

Significant growth in both revenue and profitability.

Revenue increased to ₦728.5 billion, up about 264% from Q1 2025.

Profit after tax rose to ₦120.3 billion, more than three times last year's figure.
Earnings per share (EPS) increased to ₦15.24, reflecting stronger returns for shareholders.

It maintained a strong cash position, giving it ample liquidity for operations and future investments.

Growth was largely driven by increased oil and gas production and the contribution from its expanded investment in ND Western.

In my own observation although I don't have a single unit of ARADEL, this is an excellent Q1 report. Revenue, profit, and earnings all more than doubled, making it one of the strongest quarterly performances among NGX-listed companies.

For long-term investors, the results reinforce Aradel's position as one of Nigeria's leading and fastest-growing energy companies, although investors should continue monitoring DEBT LEVELS and OIL PRICE trends

© MEGAWEALTH01

Ote$

Anywhere he goes, profit follows for shareholders.

toyeoye:
🔥 GTCO and FIRSTHOLDCO are both trading at the 10% upper limit.

GTCO holds firm at ₦127.10 (+10%)since open.
FIRSTHOLDCO takes a less direct route, trading as low as ₦58.00 before reaching ₦60.50.

Let those Africa Americans return in droves and displace and unleash apartheid on us in Africa and see if they would continue to be recieved cordially. Your analogy is obtuse as we are all blacks, this is some white Eurpoeans tagging themselves Jews displacing Arabs with deep roots to Canaan, who have since converted to Muslims and Christians.

mikeapollo:
Their ancestral lands based on FACTS!, HISTORY, SCIENCE (ARCHEALOGY). That whole land is a place etched in documented history!

Stop hiding behind rhetoric and hypothetical questions. Let the imaginary ''people that occupied my village 6000 years ago'' show up. Let the imaginary ''Indians'' also come and show up at our doorsteps that their ancestors lived in my town in Eastern Nigeria. We shall consult the Documented Historical Records that date back to thousands of years to see if they are saying the truth.
It is only villages or towns without documented history that would not know its people

Today, Black Americans, whose parents were captured as slaves in Africa and shipped abroad many years ago are tracing their roots back to Africa, and we are happy to welcome them and some countries even give them citizenship and land to resettle. But here we are, some people don't want same for the Jews because of pure hatred, jealousy, rivalry etc

Their ancestral lands based on what? You think if we excavate your village in Nigeria back 6000 years or trace its history back, its people that look like you or speak like you that once occupied the land? Imagine some indians showing up on your doorsteps that their ancestors once lived in your town in Eastern Nigeria and the place has been given to them in their Vedas and they start laying claim to the land and kicking you out.

The history of that land didnt start nor end with the Jews. If you support there displacement of the indigenous Palestinians, then you would also support them when their tanks roll into Baghdad, Saudi Arabia and the whole of Lebanon and Syria, creating a nver-ending global conflict.

mikeapollo:
''...Israel occupation of which lands''? Judea and Samaria, Jerusalem, Beersheba, Hebron, Shechem, Bethlehem etc. where kings like David, Solomon, Hezekiah etc. ruled over thousands of years ago now belong to Hezbollah and Hamas? Can you mention any king(s) of Arab or so called ''Palestinian'' descent or origin that ruled over these lands?
You people never stop the delusion, deception and lies!

The Jews are back to their ancestral land, period!
The Hezbollah and Hamas that you see today are a continuation of the Arab's war against the formation and existence of the State of Israel, since 1940s

PZ, LEGEND INTERNET, JAPAUL, Oando, and ARADEL Results are still pending. NGX should put some fire for their bum na.

You saw what he also wrote about the Italian Prime Minister? Yet some people still rate him. SMH

mikeapollo:
This Donald Trump just talks too much!
It makes him sound unpresidential most times!

When are we getting Aradel 2026 results? After all the wait we only got the 2025 audited results.

Is there any hope for a bullish run? JAPAUL is really uninspiring.

megawealth01:
I am waiting to reload JAPAUL again during a major dump... I have less than 15% at the moment... I offloaded loads at 4+

What do you mean by 'using Hezbolla to attack Israel?' Hezbollah started asa rsistant group to Israeli occupation of Southern Lebanon. Iran is supporting them as part of its so-called 'axis of resistance."

mikeapollo:
Yes, I just want @Osutadima and other supporters of Iran to confess that Iran is the one sponsoring and using Hezbollah to attack Israel.

No. I was referring to the 3 July 1988 event.

zendi:
On January 8, 2020, the Iranian Islamic Revolutionary Guard Corps shot down Ukraine International Airlines Flight 752 shortly after takeoff from Tehran, killing all 176 passengers and crew on board.

Please could the bolded horrific scene in your post be related to this bolded horrendous incident in this one?