₦airaland Forum

Exactly my thought. Nigerians amuse me. What we have is a UNIPARTY of the elites vs. the common man. PDP=APC=ADC=LP=NDC

presiade:
How many of the current APC members were never once a PDP member?

Reforms are reflected in macroeconomic indices. The State governors who are supposed to utilize increased allocations to impact people's lives directly and enhance micreconomic indices are doing nothing really. Curiously, Nigerians hardly ever hold them accountable. TBF, I would rather be a governor than President in Nigeria, if I ever go into politics.

mikeapollo:
I tell you this:
Only a govt that cannot tell you how it has improved the well being and security of the people, would be using ''reforms'' as its yardstick for success!
Because there is nothing concrete about ''reforms'

Exactly. You can smell the derision and unwilligness to accept any superior arguments or facts across the keyboard. Lagos became wealthy because of geography, trade, and political decisions, not because of natural resources. This is actually a common pattern among many of the world's great port cities.

But I dont expect this information to resonate. You can only wake someone truly sleeping, you cant wake one pretending to be asleep.

HesInMe:
It was a port. Ports tend to have the advantage of major trades passing through them -- and the attendant commerce that results.

Honestly, people, the tone of these debates is unhelpful, especially given the focus of this thread. No matter who wins, it's the policies that matter to us investors.

Lol. So its only natural resources that makes a place wealthy? Una never hear of service economy before? Why do you think places that are traditional trading routes are historically (and contemporarily) wealthy?

mikeapollo:
But you have not mentioned one single mineral resource from Lagos that was exploited and/or exported to generate the revenue that was used to build all the infrastructure in Lagos.
We all know what each region was producing in the colonial times.

Lol. Long before the discovery of crude oil in commercial quantities at Oloibiri in 1956, Lagos was already one of West Africa's most important commercial centers. Its economic importance developed over several centuries. Admit it or not, Nigeria took more from Lagos than it gave to it.

mikeapollo:
Oil was discovered in 1950s!
So tell me if it was the commercial buyers/sellers or the IGR from the markets that built the major roads, bridges, seaports, railways, etc. and also made the embassies to situate their offices in Lagos.
Conscience does not argue with the inner truth!

Dont want to be drawn into the ethnic/political thing, but you are wrong. Lagos has been a thriving commercial center long b4 the discovery of crude oil in Nigeria. Abuja was built by oil money not Lagos.

mikeapollo:
Which Yoruba state produces oil in meaningful commercial quantity today?

All I can see from your post is lack of understanding in the topic!
Lagos was developed by FG using oil money from south-south. Fact!,
Being the federal capital for many years, the FGN built all the big roads, bridges, sea ports, airport, railways etc. which attracted many companies to situate their factories and head office in Lagos.. It was not the making of the SW govt or Lagos State govt.
By law, these companies have to pay taxes to the federal and state govts, and they do so from the head office. So the companies naturally have to have to pay taxes (e.g. CIT, VAT, etc.) to FGN in Lagos. They also pay their workers PAYE to the Lagos State govt.
But the actual sales and consumption that generates the taxes (e.g. VAT) might have occurred in other parts of the country. For instance, the VAT on a product that is bought and consumed in the North or East or South-south or in Akure, is paid by the company head office to the FGN in Lagos. The VAT on recharge card that somebody buys in Borno state will be paid by MTN to the FGN in Lagos because that is where MTN head office is situated. Hence such VAT is accounted for as ''generated from'' Lagos but it is misleading and not entirely true. That is one of the problems of our tax system.

In Commerce, we are taught that the presence of companies/industries attract other companies/industries. Hence, many more companies and industries became attracted to Lagos, and that is how Lagos became what it is today. The SW govt and Lagos State govt are NOT the ones that made Lagos what it is today! It is national money from oil that built and made Lagos what it is today. So the unnecessary bragging about Lagos must stop! It is shallow and myopic!

I swear. He makes retail shareholders like us smile to the bank.

megawealth01:
FEMI OTEDOLA na our real G

I agree regarding TOE but FO na my guy o. I exited Geregu with 240% profit, although it took over a week of lisitng before I sold it all off, but it it was worth my while.

Care4:
The power generation business in Nigeria needs a lot of overhauling to make it profitable for shareholders. And for me, I have long ago, decided to reduce my companies with TOE and FO majority stakes. You need a very long spoon to eat from the same plate with them.

How? Isnt it voluntary to sell? TOE and wife tried to do this for Transcorp sometimes in 2025, I think.

megawealth01:
This is wickedness sha

No be only you. I spotted it at 40 Naira but stupidly assumed it was expensive because it has done 300% already . Imagine if I had put 5M Naira at 40 Naira, I would have been dancing today!

mikeapollo:
Na wa oo.
I saw this Beta Glass when it was selling for about N10 many years ago.

So, they want to buy people over? The offer price is tempting, but I wont sell if I am a BETAGLASS shareholder. Its an excellent company I missed out on.

KarlTom:
BETAGLAS MTO

Offer: ₦590.00

https://doclib.ngxgroup.com/Financial_NewsDocs/47404_BETA_GLASS_PLC-BETA_GLASS_PLC_-_MANDATARY_TAKEOVER_OFFER_CORPORATE_ACTIONS_JULY_2026.pdf

Chei NAHCO why na? Losing 10% already

Lol. I see people who seemed to have missed the train of some high-performing stocks giddy with happiness that the prices are crashing, while those that entered earlier and didnt take profit at 52-wek highs are groaning seeing their profits being wiped out

yMcy56:
All these analysis because of the red in market....
People will always say something to justify it whereas the cause of the downturn in the market is majorly unknown.....

Meanwhile, ARADEL is getting some patronage in the market despite being down........lots of picks at days low, 1275.80.....
Offers drastically reducing....
Those guys crossing are now buying on the floor I think....

It wont be a bull run per se for those that have lost money from this prologed drop.

awesomeJ:
I project 220k support, but the more it drops the more room we have for another bull run this H2.

Wow. NGX suffered highest monthly loss in recent history in June 2026. In percentage terms, June’s 8.28% decline is not Nigeria’s worst monthly market correction. However, the size of today’s market makes June 2026 unprecedented in value terms. Back in March 2020, the entire Nigerian stock market was worth only about N13.6 trillion, meaning the whole exchange was roughly the size of the wealth destroyed in June alone.- Niarametrics

Will this continue in July?

For a company that was on the verge of closing shop and leaving Nigeria, this is a very good step forward. Quite promising.

guyzgirl:
You are correct. But that is also as a result of the reduction of a previous one-off (fx losses). There is still some work to be done in the company.

Beautiful Turnaround story from PZ. Impressive.

Off the NGX for the next 2 weeks. This isnt good for my BP. Ire o!

deathwing:
Going to be a devastating week on the market.

But the IPO is in September, maybe even October sef.

Mpeace:
Dangote refinery IPO will deal with this market. I have sold some stocks to reserve money fo the IPO

The frustrating thing is, one deoesnt really knwo the cause of the slide. Companies are making good profits and there is no epidemic.

awesomeJ:
At over 9% dip, June 2026 is now officially the worst month since at least 2024. Maybe even since Covid.

This is my biggest lesson on the NGX this year- my 3rd year of active investment. Going forward, I will act more like a trader than a longterm investor. It is too painful seeing your gains eroded daily.

Ginalex:
To be honest ehn, profit taking is never a bad idea because see now... I don get opportunity to re-enter

Na yeye company. Badly managed. Sitting on assets they couldnt translate to solid profits.

thebargainhunte:
This was the last thing caverton posted and they never deemed it fit to communicate again after they missed the deadline that they gave. I think SEC has to step in to protect the minority shareholders. Company's result is a fundamental right of every shareholder and it shouldn't be delayed for the interest of the minority shareholders.

DangSugar price approachign the RI price. Dudes would be wondering if they should have just bought on the NGX platform.

If only I have some crystal ball to spot a sotck that will do the kind of rally SanDisk did over the last 10 months, I wuld have retired now

Beeron:
Tech/Semiconductors stocks closed last week weak, even white house had to tell OpenAI not to release their new chapgtp update.

Nvidia is currently looking for support for new rally while Micron is currently running away with hype as smart investors are slowly dumping on retailers.

Fundamental is good but technically, It will be the worst time ever to buy Micron, but you can wait for a pull back but if you already have Nvidia, plan to avearge down once it reaches new support level.

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