₦airaland Forum

ositadima1:
But are you counting Dangote’s achievement as this government’s achievement? Fuel stability is because we now have a refinery, which the government tried to squash and failed. It’s the same way some people attribute GSM to Obasanjo, when GSM was new and already making its way into almost every country at the time.

Were you not here when several government agencies were tackling the Dangote refinery? The fight with NNPC, the fake claims that government refineries had reopened, the fake claims about low-quality petrol, and then you come here attributing fuel availability to this government.

I think you all deserve whatever you get, good or bad.

Osita Baba, if Dangote had been allowed to be partners with the FGN on the Warri and Port Harcourt deals, over USD20 billion would ha e been saved and we wouldn't have had a major forex issues over the years.

Nigerians forget that a significant portion of the USD20 billion was extracted out of our resources at heavily subsidised rates to get Dangote to give us the monolith refinery domiciled in the country.

awesomeJ:
By the way, the talk of devaluation is now STALE!!!
IT was only an issue in 2024!
Now it's no longer a valid issue to raise, as we can see from company's results.

Here's how the currency moved in the parallel market from COVID to 2023.

2020: 360
2021: 450 (usd gained 25%)
2022: 600 (usd gained 33%)
2023: 750 (usd gained 25%)


So using the same 25% expected annual loss rate.

Dollar in 2024 should have been: 937.5
2025: 1171
2026: 1464

So as of now, the currency is stronger than it would have been if the old terrible policy had been kept, and it's much more accessible too.


For fuel subsidies.

Electricity subsidies as currently enjoyed by low income people is more important than any unnecessary fuel subsidies


It makes no sense for anyone to buy fleet of V6 and V8 vehicles and expect to buy fuel at #200.

The average joe doesn't even drive an I4.

so their exposure to fuel prices is mostly often overstated.

On most routes, transport costs have only increased by 3x over the past 3 years, even though pms prices are now 7x costlier.

The V8 guys are definitely paying the full 7x, but the exposure on the masses isn't more than 3x.

Awesome Baba, interesting words but it speaks volume of what currently holds and what could have been.if events took a different turn.

Looking back, GEJ would probably take the blame as a cowardly President which Nigeria did not need at that time when there was some level of resources to support the removal of foreign exchange and petrol subsidy policies which would have had significant impact as at today. His plan to redirect the resources saved from those removal to a Sure-P system similar to the Petroleum Trust Fund would have removed the Governors and Local Government Chairmen from the wanton thieving and looting we see today.

If he had also succumbed to the wishes of his party members from the Northern extraction to not contest the 2015 election so that his tenure would not exceed 8 years as well as compensate the North for the loss of Yardua, Buhari would never have become President and never have the opportunity to deal with Nigerians through his absent minded and nonchalant rule.

One other thing GEJ failed to do when he became President was reverse the cancellation of the sale of the Warri and Port Harcourt refineries and return it to the BlueStar Group owned by Dangote and Otedola. I am not sure Nigeria will be in the mess it currently is today but the hawks and gluttonous cabal around him no allow am see the future.

Though the followership is a problem in this country, the calibre of leadership for an entity like Nigeria has been abysmally disappointing and baseless without any iota of forward thinking, mind blowing vision for the country.

🤷🏽‍♂️

nosa2:
TIP wey I dey wait for at sub 15.

I was just using bombastic side eye to look at the thing as it was running away.

My brother, na correct one be that if e reach that junction or else na along person go take join am for the long term.

As the country continues to grow in industrialization and urbanisation, companies like TIP will continue to be a necessity to deal with the amount of waste being generated.

If TIP can scale up their operations and adopt a total carbonization and energy generation model for the waste management operations they handle, the sky will definitely be the starting point for them.

The high volume of waste generated in Lagos and Nigeria as a whole makes carbonization of every waste and energy generation a must for major urban areas especially in each Local Government Area.

Unfortunately, our leaders no get vision for developmental projects that will transform and create wealth across the nation.

presiade:
Yes they’ve been around beyond the 80s, but they became “the construction company of choice” during the Babangida era from 85-93. After becoming a public limited company with significant interest from the elite ruling class, you expect them to keep awarding contracts to themselves. Julius Berger got contracts without bidding when they were close enough to the government of the day as well, which is my position here. There are many verifiable, authoritative reports on that. If Julius Berger benefited from it, others can as well do. The best bet is for favoritism to stop altogether, not a few benefiting from corruption and then it’s an outcry when some others benefit.

To add to that, direct contracting or sole-source contracts are allowed under Public Procurement Act (PPA) 2007. So if Hitech won the contract without bidding, does the awarding of the contract contravene extant law?

This is not true at all o! There were companies like Dumez, Cappa and Dalberto, Strabane, RCC, Dantata and Sawoe, Westminster Dredging, SAE Engineering, etc who bidded for jobs alongside Julius Berger at the federal ministry of works in Lagos.

Many forget that even the Lagos State had significant shares in Julius Berger as well as the company had a strong foothold in dredging operations at that time which suited the topography of the Federal Capital at that time (Lagos) amongst the strong financing and technical expertise sourced from the parent company in Germany.

The company had a lot of advantages that made it the preferred option as well as technical partners to other construction companies.

ppogba:
We. will. sooñ get to a stage where Filling stations will wash your car for buying 10 liters of Petrol.

What Alhaji cannot distrupt does not exist.

But that was how things used to be in this country several decades ago. Based on the number of points you gathered, you will be entitled to get a free car wash and oil change for your car. Total PLC and UniPetrol were major player using this strategy. As the economy gor bad, they shelved that option to just clean your windshield when you purchased petrol till those services disappeared.

Nigeria has really gone through tough times o!

Valthegreat:
You gerrit bro, if don't gerrit forget it mehn!

Well, you are very right, trust is an issue here. Why give my money to an institution that I know will not manage it properly but loot it rather.
It was only when Wike met his march that he started saying 'this country belongs to all of us' did he forget that when he was demanding for a whopping #25b monthly from the resources of over 10m people?
Disclaimer: I read this information from a newspaper o!

Wike will realise that he needs to comport himself and watch his conduct the day Sim Funara decamps to APC and the President doesn't need him to win Rivers State.

ositadima1:
I’m surprised the circuit breaker hasn’t been triggered yet, lol. The last time it was activated was because there was too much green in one day.

My brother, me sef I shock o as it has not been activated. However, don't be surprised if many smart money people are just mopping up what they can lay their hands on at this moment. The lower the prices go, the higher the potential dividend yields and potential race to the top for the stocks as well.

It is well. 🙏🏽

chimex38:
Can swing both ways.
Those selling are targeting RI at 7.
Price from ₦7 to ₦10 is a 42% upside.
Even @ ₦9 it's about 30% upside.
meaning some won't also mind selling at 9 either.

It's a demand and supply tuzzle between PO and RI.

Isn't it better to target the rights issue to better cushion the effect of the CGT in case you bought at significantly lower prices.

The effect of the CGT is really ravaging the market. The market has almost become like the coliseum during the gladiator games with blood being spilled almost everywhere.

Chai!

chimex38:
CBN taking charge of Fixed income trading from FMDQ.
now both regulator and operator.
Banks major cash cow is under more scrutiny.

Power tussle on who is actually in overall charge. SEC or CBN?

Could this be the cause of the bear?


https://nairametrics.com/2025/11/05/cbns-fixed-income-overhaul-sparks-regulatory-tensions-in-financial-market/

If you dig deep, you'll see that technically, some of the banks own the shares of FMDQ which gives them an undue advantage.

emmanuelewumi:
Because of our corrupt politicians, civil servants and criminals we just call money anyhow.

I doubt if 95% of the global population have the equivalent of N200 million

My Chairman, na the fake valuation of houses in derelict environment for Lagos dey make many to think NGN200 Million is small money especially in liquid assets.

They will paint houses in colour white, put strobe and disco lights in its living areas and start calling outrageous prices whereas it is the same people that rotating the houses amongst themselves. Those houses can not command such prices with any reputable bank if they are being used as collaterals.

If Emiefele has not printed so much money I to a few hands in the system under the guise of ways and means, would people be saying NGN200 Million liquidity is not big money.

How many people in the world including America have banking and non banking liquidity assets worth NGN200 Million.

GeeKudi:
There is also the possibility of a lull or inactivity in the market especially for blue chip stocks because of the CGT. For instance, what would be the motivation of anyone to bring out money to move the price of PRESCO, Nestle NAHCO etc? Though there may be plenty offers, who would be the buyers and what could possibly be their motivations?

So people still feel that asset management companies and pension fund administrators who control major activities in the market will sell down their positions because of CGT?

Make una leave all these CGT stories because individuals who still sell their stocks will buy them back at a later date. If CGT Co tinues for another decade, ehat they are trying to avoid today will be like pennies tomorrow if the economy continues to grow.

Standard Bank Holdings Limited (SBHL) will still continue to by Stanbic IBTC Holdings PLC shares irrespective of the position of CGT.

Just like Personal Income Tax or Sales Tax, the amount you pay today is several multiples of the amount you paid fifteen years ago.

🙏🏽

awesomeJ:
I apologize for insinuating your statement was wrong.

No qualms my brother. I no even vex with the statement at all. Just wanted to share some knowledge.

On a lighter note, the FGN can engage Pastor Paul Adefarasin to talk to President Trump on the issue since na him be dem Pastor and even officiated at their wedding.

Even though a lot of people may be annoyed with the designation and castigate the US about the CPC thingy. If they think deeply and juxtaposed thw security events with what is going on in other African countries, you'll realise that it is all about resource control within selected territorial areas.

Events in Sudan and Congo which have markers that look genocidal, will make anyone have a rethink about the nonsensical way Buhari handled the whole Boko Haram issue.

The Sudan issue is all about the gold and resources therein the country and the militia are being rumoured to be sponsored by some wealthy countries in the middle east which Nigeria must be careful of.

The militia guys in Sudan were used by the government to wage a civil war on the dark skinned people and drive the dark skinned Sudanese into creating South Sudan.

Today, that same militia has now turned on their partners in government, fighting them and trying to gain control of areas of Sudan laden with gold and other mineral resources.

The aim is also to create chaos and insecurity to enable them gain access to these resources. Unfortunately, the local population ha e also gotten themselves involved in crime such as kidnapping which worsens the scenarios therein.

Africans especially West Africa needs to wake up and smell the coffee so that they can protect themselves against any incursion into the region. Education and knowledge transfer needs to be prioritised across the region for positive enlightenment to the younger ones.

In addition to this, economies of these countries need to grow positively at double digit rates to witness development as well as the proposal that ECOMOG needs to be resuscitated and strengthened to combat any insurgents from militias and terrorists in the region.

The politicians and the people have a lot of work to do to secure their territorial areas.

awesomeJ:
We're referring to the Donald Trump on planet Earth.

Oga, go and verify. Donald Trump's daughter, Tiffany is married to Michael Boulous, a product of the Bolous Group Empire (Massad and Sarah Boulous). Dude was even born in America as well, so he holds multiple passports. They are naturalised Nigerians thus making their son a Nigerian.

Sarah Boulous owns Society for Performing Arts in Nigeria and she is the face behind the Nigeria version of the reality show Dancing with the Stars that ruled the Nigerian Airways a few decades ago. Her husband, Massad Bolous runs the Bolous Group through SCOA PLC, his major holding company, and he is heavily invested in many sectors of the Nigerian economy such as toiletries, motorcycles, electronics, automobiles, heavy duty equipments, etc.

megawealth01:
Long overdo... Federal Government shouldn't have waited for the US LEADER before protecting her citizens... I trust the White House Number 1 man. He will do his thing and it will be BREAKING NEWS

One thing about Donald. Na talk and do man and him no send anybody o as long as the thing dey him mind.

Whether security or genocide labels are used, if some people feel that Donald is bluffing, they are on their own. Many forget that his daughter is married to a Lebanese Nigerian. 😁

If this tough designation will get exposure and sanctions for those financing the crimes and terror going on in the country, then it should increase the pace at which the FGN deals with such issues.

emmaodet:
Then the logical thing to do is to cut down cost, reduce political cabinets and place a cap on number of kids families can have to increase our economic situation.
Who spends more than what they earn as individuals and which companies spend more than what they can reasonably generate.
Even the china we hail today had to place a cap on population for economic indices to grow above it, if not it would have rendered all china govt efforts useless.
A country becomes wealthy if the economic growth rate is higher than population growth rate and not the other way round.

My brother, the best thing to do is to get all those idle youths and middle aged people engaged in the agriculture value chain across the various vast acreage of land producing goods and services that can be consumed locally as well as exported internationally.

If the vast acreage of land is cultivated massively especially along motorable routes,incubation grounds for kidnappers go reduce drastically.

Places like the southern part of the country should be heavily invested in cash crops like oil palm, cocoa, rubber, cashew, cassava, beans etc while the north focuses on groundnuts, onions, shea butter, ginger, sorghum, wheat, etc.

Those river basins should be made to sweat out theories invested in them. Civil and criminal offenders should be conscripted to serve time on farmlands to get them productive.

If people are engaged in government sponsored agricultural programmes, especially outside their state of residence, dem no go get time to dey misbehave.

Government should pack all those agberos I'm Lagos and commute them to serve their sentences in Borno or Yobe and cultivate onions and beans for at least 3 months per person.

Agriculture still remains our low hanging fruit for economic empowerment. Just imagine saying that Nigeria still dey import crude oil palm bunch in 2025. Chinese people just dey look us say this people no serious at all.

emmaodet:
Just curious. How do they get to know the foreign investors from the local ones? is the the type of account we operate? Probably foreign investors registered and trades with dom account? to identify them?

Most foreign investors will purchase their stocks, fixed income and money market investments using proxies called custodians. These are usually subsidiaries of banks. They usually sit under the umbrella of the global market subsidiaries of these financial institutions. Examples are UBA Custodians, Stanbic Custodians (the biggest in thw industry), Standard Chartered Custodians, etc.

Getting the aggregate numbers from these institutions via the SEC and or the CBN shouldn't be a big deal for anyone who has access to such regulatory bodies.

orriyomi33:
I'm one of the young people benefitting from your values.
Really appreciate your impacts as well as other Oga's on the thread.

As regards knowing how the market works,I'm working on that with the insights I got from here and other platforms as well.


I'd appreciate any recommendations of resources to use.

Good morning, Brother. If you want to view his recommendations, just click on his post marker, click again and subsequently click on the suggestion for his post timeline.

You can now review all his posts and see.his recommendations. However, you must take note of the share prices on that date and their current prices now so that you won't be buying shares that have appreciated in price significantly.

🙏🏽

NajibatAde:
Hi! Silent member here . Please, what resources can one use? searching Google is overwhelming without knowing what exactly to ask.

Good morning, brother. You shouldn't be dulling on using AI tools to extract information that will be useful to you. Once you can modify your prompts or questions properly to suit your need, the answers will be readily available therein for you to adopt.

🙏🏽

megawealth01:
My joy and happiness is in adding REAL VALUE in people's finances... I genuinely want people here WEALTHY especially very young people who just started their journey in WEALTH CREATION and MULTIPLICATION

Please, take time and also equip yourself on how the market works so you will know which of my picks to KEEP for long term or sell for FUNDAMENTALLY SOUND STOCKS

Mega Baba, one of the High Chiefs, senior Ottunba of NSEMPA, you can see that many brethren appreciate your contributions to the success of this platform. 🤴

Your contributions are invaluable and cannot be be quantified at all in terms of positivity, calmness, being insightful, collaborative as well tewarding.

You may not know this but many of those you help cannot bless you immensely enough to your satisfaction and they acknowledge that it is only the Lord, Almighty, Creator of the Universe that will continue to bless you and ensure that your works and path align with goodness, love, favour and prosperity. 💰

Please don't take the many unpleasant statements made towards you to heart at all. Just view them as rants and hiccups from people like portable (omo olalomi). Just like portable, they may be caustic, verbose and unpleasant to the eyes and ears, but you know how best to block off the noise so that you can focus on your personal and altruistic mission on this platform.

Na you be one of the wealth building chiefs for others on this platform and my best advice to newbies or those seeking to gain more experience is to select your posts and responses as part ofnthebposts they read and review so that they are able to study them.

Thank you for all you do for others. 🙏🏽🙌🏽

Peace and success to all brethren on the platform. 🥂🎊🥳🙏🏽

megawealth01:
MEGAWEALTH01 is an audio billionaire

Newbies take note

Oga Mega, Olówó NSEMPA, I greet you o, my chief.

I hope this your new slogan is not culled from Rude Boy's song. 😂

Ẹ má páriwo; the money na just audio!

🤑🤑

mikeapollo:
ororo mimo dey your head (your head is anointed with holy oil)

Amen! From your lips to God's ears.

Many thanks for your prayers and kind words, my brother.

🙏🏽

chimex38:
Mix.exactly.
That's the Practical reality on ground for unstable inflation, etc.

Even the Premium companies on Ngx that grow organically and pay good dividends as well as capital appreciation still come to the market for commercial papers or bonds or issue bonus just to get capital and settle short term obligations and expansions..
How much more you a single individual with responsibilities, obligations, etc.


Heard that also, long term investments wins in returns especially compounded returns.

-But someone has to live first Oo .
Make returns-actualization no outlive you.
-not be in jail cuz of debt acfummulation cuz you refused to touch your long term holdings
-or Lose a loved one cuz one is targeting 10-20yrs into the future.
-Or excess frugality where ones health is compromised before the returns mature and then use the returns to further treatments that could've been prevented (
e.g not eating fruits, vegetables and other vitamin supplements.
Getting assisted hands that you can afford but choose to stress ones lifecycle.

Sha, na ones capacity and streams of income determines his mixture level

As KarlTom says-->Tradvestor.
While a pure Investor might be the ideal way.
Unfortunately the world isn't ideal.
Even ideal original university scientific thesis aren't implemented 100%.

It's always better for the banks convince them to let them issue commercially papers and promissory notes on their behalf because those funds are usually not encumbered by the strict guidelines of the CBN or those obligor dragnets especially for short term transactions that needs to be funded.

megawealth01:
I bought at 0.2

Na one the Ogas that snapped up stocks trading at their NGN0.20Kobo to NGN0.50Kobo zones some years ago. Stocks like Japaul PLC, Veritas Kapital Insurance, Tantalizers PLC, Universal Insurance PLC, Neimeth PLC, etc enter their captured zones well well.

If we even dig further their call on Oando PLC, NB PLC, Fidelity PLC, Nascon PLC, etc were also part of those zones not too far away.

EDUECO:
They will surely get back their money through dividends in 14 to 20 years.

Buying premium stocks is like someone who has houses to let in Victoria Island or Ikeja in Lagos or Asokoro in Abuja.

No one disputes that quote you made about premium stocks. However, you must note that for those who want to grow their portfolio, they must be willing to take a level of calculated risk.

If person no fit afford house in Ikoyi, VictoriaIsland, etc nko. Commercial properties in Ikeja, Surulere, Somolu, Aguda, Oshodi, Ajah, Jakande, etc will also suffice in growing their cashflow and building their networth.

Wide diversification in bluechip stocks like Nestle, Zenith, GTB, etc is for people wey don balance well, chop better things. It takes time for them to double their prices except there has been a drastic depreciation which is similar to buying significantly distressed building in Ikoyi, Victoria Island, etc.

For those growing their portfolios, they should apply calculated risks to other stocks with capital appreciation growth opportunities. Similar example is when some of the stocks we see today were trading at NGN0.20kobo a few years ago.

Lastly, all these postulated suggestions are nothing good when the management becomes shitty and corrupt.

This same Nigerian Breweries PLC and even Guinness PLC that were solid bluechip dividend raking stocks giving investors significant cashflow and capital appreciation lost their mojo when some ridiculous moves were made by their Nigerian MD several years or over a decade ago. Since them, the parent companies have never trusted Nigerians to run their affairs for some time.

Mankind2024:
It is extremely difficult to evade tax in most advanced countries. In Nigeria, only civil servants and corporate employees pay taxes. 98% of market men and women do not pay Personal Income Tax (PIT) and Capital Gains Tax (CGT) on disposal of properties. 85% of textile dealers in Kano prefer cash to electronic payment, same in Dugbe Market in Ibadan. The Nigerian government has no bragging right to directly tax me. I use a generator to run my business; I provide portable water for myself. I pay security levies for my shop. I'm in the process of fully digitalizing my business, hence the tax efficient codes become a necessity.

The Hausa-Fulani ruled Nigeria for 40 years plus; they opposed everything from national identity registration to electoral reforms. Now, Tinubu has put the job that was supposed to have been done 50 years ago on his shoulders. He thinks he's smart; I see people revolting against any government that tries to steal citizens' money in the name of taxation. All over the world, the most difficult thing for governments and tax undertakers to do is separating business money and personal money from the books of a sole proprietor. Many occasions, the business doesn't bring money, and he has to use his personal savings to keep the business afloat. Whatever you declare as a sole proprietor in Nigeria is seen by tax undertakers as a good gesture.
Do you know how many multibillionaire market men and women that are spread all over Nigeria who never pay PIT before? The last Sallah festival in Abuja was an eye-opener. I had accompanied a friend to buy a ram in Suleja; after negotiation and bargaining, it was time to pay. My friend brought out a debit card, but the ram seller said no card payment. Lo and behold, my friend had to purchase cash from a POS vendor to pay. Most of these traders are richer than many professors of Technical and Real analysis because they do not pay taxes. The story resonates all over Nigeria.
Tax the rich, punish the poor.

My brother, it is not fair and in good faith to say that market men and women do not pay taxes. They may not pay a proportionate income tax but most of them pay a hefty sales tax and levies daily. The same applies to local transporters and many in the informal sector.

The young lady hawking groundnuts, the northern guy doing alabaru, the roadside vulcaninizer, the food vendor at the motor park or even the roadside block making industry pay taxes or levies of a minimum NGN1,000 per midday or 12 hour activity? Some LGAs even collect liquor, signage tax, bicycle tax, television and radio license tax, etc.

Places like Oshodi, Agege, Obalende, Ajah, Ikeja, Alagbado, Oko Oba, etc generate several hundreds of billions in NGN as internally generated revenue yet there is no meaningful development therein.

The swamp needs to be drained at these micro levels.

Heishere:
It is a rip off. Those countries enjoy some benefits. Here, there is none. Currently I pay over 5M in tax per annum. Imagine how much it will be when the new one starts. Yet, I am paying for my own water, health, power, education, transport and even security etc. I am pained. Anyway, their enjoyment won't be long. The rip off will stop soon.

Most if not all of the things you listed here fall under the microeconomics responsibilities of the States and the Local Government Authorities. ("LGAs". One major grouse most people have with the FGN was the sudden removal of subsidy alongside the liberalised foreign exchange market which spooked the prices of goods and services.

It was a double whammy that only a few that were knowledgeable and disciplined could survive because the President had given signals that he would toe that line but many dis not expect it to be done immediately.

However, the States and LGAs need triple their hustle at the microeconomics level to enable Nigerians get out of the rot in the system or else Nigerians need to hit hard and put more pressure on the States and the LGAs.

The microeconomics authorities in Nigeria are committing daylight robbery on the resources of the people and hindering the progress that could have been made at the microeconomics level of society. If you look at LGAs in Lagos or some other commercially viable provinces and municipal areas, there is no excuse or reason why the quality of life has not improved over the years.

Nigerians need to focus on draining the swamps at the State and LGAs level including the legislative bodies at both levels. The amount of monies generated yet wasted and mismanaged at the lower level is of astronomical proportion.

Would anyone believe that the Lagos Island Local Government raised a bond several decades ago to build the Sura Shopping Complex, transport projects and many other commercially viable projects.

zendi:
Aliko demotes Sugar on his attention priority list.

https://stocksng.com/aliko-dangote-retires-as-board-chairman-of-dangote-sugar-refineries/

I won't call it a demotion. I'll call it a shift as well as positive test of confidence in the some of his vested hands there which allows them to replicate what they did with NASCON PLC.

He has adopted Mrs Yemis Ayeni after her tenure as Chairman of NASCON PLC to being a non-executive director at Dangote Sugar. Mr Kunle Alake (Group Managing Director) is now the Chairman of NASCON PLC.

PuristForest:
Guys lets all learn to follow the money, they sold 10BN and bought 0.75BN, thats ridiculous.....when they sold 10Bn there was little fanfare, now they bought 0.75Bn and so much fanfare.....this is where patience become difficult becuase these composite investors will do all things to trigger people to jump in the market prematurely....where is the rest 9.2Bn seating.....
Refs
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8797#134208115
exactly 6 months ago https://pluboard.com/2025/01/15/markets-investing/gtbank-co-founder-fola-adeola-sells-n10-9-billion-aradel-shares/

Most likely those Aradel shares were allegedly crossed to a SPV.

With what many know about such transactions in the industry, whoever did that transaction probably wanted to use those shares as a collateral to get a loan facility and his SPV would have suited the profile of the borrower by masking his or her identity.

🤔

jonnysessy:
I guess you are right. No man knows tomorrow, after all I bought the first public offer of Guaranty TrustBank@ N5 but, was only able to buy few units. Who will believe the same GTB will be selling for as much as N70 a few years later.

Oga Johnnysessy, you are only talking about the current price. When you consider the several bonus shares that were being distributed like free akara after the capitalisation exercise during the regime of President Obasanjo, you see the multiples of that NGN70 per share.

Mankind2024:
According to Cosmos Maduka, Chairman of Coscharis, in a video interview, bank directors are allowed to borrow at sub-prime rates. This raises interesting questions about the dynamics of insider lending and potential conflicts of interest in the banking industry.

Exactly 💯 💯. Owning a seat on the board of any banking or non banking financial institution is an important grail in today's economic world.

Imagine getting loans at single digits or the lower band of ten to conduct your business in today's world. It's like getting free cash to do whatever you want to do and still reaping more rewards.

The other side is when you get government assistance during turbulent times to keep you afloat. A good example is Unity Bank that has been getting support to stay afloat because of the influence of some powerful politically exposed persons that have or had seats on their board for several decades.

Banking has always been like a grail in the economic world.

You see those VFD guys, their Microfinance Bank (VFD MFB), Asse Management Firm (Anchoria AM) and Mortgage Bank (Abbey Mortgage) gave them significant leverages for leaps and giant strides.

Agbalowomeri:
Why do you think the billionaires in Nigeria are rushing to own a bank? For dividends?😂
They all get ridiculous interest rates on their loans!

Oga and Egbon Agba, you have hit the nail on the head and driven it through. The billionaires with adept enterprise will do anything to own significant holdings in a bank or a non banking financial institution.

What they do most of the time is to pool funds together with their peers through SPVs to own such institutions and have their representative(s) on the board to look after their interests.

Mankind2024:
@Streetinvestor,
Honestly, the true value of a listed equity is the price you paid for it. Transcorp Hotels (Transhotel) is a prime example of differing perspectives - optimists see its current price as justified, while pessimists and book value investors view it as overpriced. As a long-term investor who bought in at N3.60, and still holding and averaging up, I can attest to the company's strong fundamentals. The core business is thriving, with room occupancy increasing quarterly. I firmly believe Transhotel will reach sub N200 by Q1, 2025.
Transhotel operates in its own league, driven by patient investors who trust the system. The majority owners, HH and MOFI, share this vision. To succeed in the stock market, one needs to cultivate patience, discipline, and consistency, avoiding the pitfalls of market timing. As the adage goes, "time is the friend of wonderful companies. Time would soon push Aradel to N1k regardless of the current price and outstanding shares.
If you lack confidence in a listed company, it's best to avoid it. If you can't resist, consider expressing your concerns to management - they may not respond, but they might take action. Interestingly, I've seen companies turn around after receiving feedback from investors.

Let me also chip in a few words. Early investors especially employees from Shell, ExxonMobil, Total Upstream, banks and many Investment or Asset Management Companies purchased Niger Delta Exploration Production PLC (now Aradel PLC) when its price was around NGN150 to NGN200 per unit. A lot of them sold on the floor of the NASD when the shares were split and listed on that platform.

What I have noticed is that the mega guys do not sell their shares, they mostly do cross deal to their SPVs, etc. As a matter of fact, they use such opportunities to purchase more shares not only because of capital appreciation but use those shares and dividends that accrue from them as collateral to collect flexible loans and mortgages at significantly discounted rates which reduces the amount of income tax they have to pay to the government (you don't pay taxes on loans).

If you check their personal income statements, most of their taxes are recorded based on VAT and transactions they do in the financial markets to which they sometimes get rebates on especially those ones linked to FGN bonds and Treasury Bills.

That is why many C Suite executives in top companies listed on the NGX receive the larger chunk of their remuneration through bonus shares of companies they work in. It could also apply to other employees at lower levels when such employees have met the vesting period of such organisations.

It is similar to what Oga Emma encourages us to do which he shares on this platform whenever he talks about taking loans using shares as collateral. One of the differences is that these guys get theirs at significantly discounted rates.

When you hear someone like Karl Toriola collecting over NGN400 Million as annual remuneration, you should note that a significant amount of that remuneration is given to him through shares in MTN (local and international) shares.

In addition to this, as long as companies continue to pay dividends, they will be within the investing zone captured by most non banking financial institutions such as open and closed pension fund administrators, insurance and asset management companies thereby creating investment outlets for some of these companies.

Na average Joe dey quick buy amd sell shares to meet personal needs. The wealthy dey use shares to collect loans or mortgages to reduce the taxes they pay to government. When those share prices increase significantly, they use the equity release option to get more cash in their hands to enable them reduce their obligations or increase their loans.