₦airaland Forum

Mpeace:
And it had to be Access bank. But then what is the quality of the assets being bought by Access bank. See what is writen in the article:

"This acquisition allows Access Bank to take up 100% ownership of National Bank, effectively removing National Bank and its bad debt overhang from the books of the Kenya Commercial Bank (KCB) Group, which previously held a majority stake"

I just don’t understand the Access Bank strategy. Their goal right from time has always been all about expansion. They are all over Africa but are quite small in most of these countries. I think they had to sell their operations in London and Drcongo in order to buy this Bank (a highly indebted Bank).
The Kenyan central bank is so relieved.

Locotrader where ever you are I just want to say a big thanks for pointing TIP when you did got in big @1.87 the rest is history thanks again

Patiently waiting for Oando to touch N30

GeneralDae:
I just don’t understand the Access Bank strategy. Their goal right from time has always been all about expansion. They are all over Africa but are quite small in most of these countries. I think they had to sell their operations in London and Drcongo in order to buy this Bank (a highly indebted Bank).
The Kenyan central bank is so relieved.

I share your concerns.

-But these liabilities are obvious to the expert acquirers and professionals(Access bank).

-Access bank has been in Kenya long before now. They should know the terrain better.

Edited:Access is acquiring NBK not KCB..
NBK isn't the largest by asset but amongst the medium tier.


-NBK has over 130 branches
(based on sort code published below)
https://printlion.co.ke/full-list-of-all-nbk-bank-branch-codes-in-kenya/?srsltid=AfmBOoq71uiWGKMYN5ATNfP0SMvYcMKD7k-hljdHojPllSLs0bWQ6lwz.

Top 15 in Kenya by asset(#BusinessInsider),

Merger with Access might take it to Top 10 by asset.
Despite its debts, I assume it would also be among a systemic, geographic or strategic important bank for the country(like our FUGAZ).

I believe their Central Bank will always wade in to save it if it ever comes to that just as our CBN is doing for Unity bank in Nigeria

Kenya is the largest economy in East Africa (just like Nigeria in West Africa) and one of the fastest growing in Africa.


There might be a catch(or catches ) we are not seeing beyond the debt.

Investment in access bank dey like a 3year savings bond
Na 2027 ending/2028 ee go mature.

I would be careful reading too much into a general-news article about a technical financial transaction. Nothing wrong with buying a bank with bad debt. "Bad debt" just means non-performing loans (NPLs), which every bank has to some degree. So the devil is in the details; the unknowns are whether Access understands the loans profile it is buying and at what price it bought the book.

Access has one of the best strategies of the Nigerian banks: to transcend Nigeria's risk rating and reputational overhang by acquiring (sometimes distressed) assets in high-growth markets overseas. They're executing it brilliantly--at least as much we can see from the outside. We'll see the full results in a few years. Stay away if you want short-term gains.

Mpeace:
And it had to be Access bank. But then what is the quality of the assets being bought by Access bank. See what is writen in the article:

"This acquisition allows Access Bank to take up 100% ownership of National Bank, effectively removing National Bank and its bad debt overhang from the books of the Kenya Commercial Bank (KCB) Group, which previously held a majority stake"

toyeoye:
As discussed, the watchlist feature has been added

Please, remove the HOUR column that was just added. I do not see it as important at all. Please.

Umehj88:
Locotrader where ever you are I just want to say a big thanks for pointing TIP when you did got in big @1.87 the rest is history thanks again

This thanks is coming from a clean heart after about 2 years recommendations.Its well with you.

Those who will hear my call at ABC TRANS will also live to thank me one day in this life

phadriz:
Patiently waiting for Oando to touch N30

If e reach 30 I hope you will not shift your goal pole again..

Locotrader:
This thanks is coming from a clean heart after about 2 years recommendations.Its well with you.

Those who will hear my call at ABC TRANS will also live to thank me one day in this life

Any new updates thr.I have old school fees.I have been waiting to see it at #2 to collect my sch fees

Wow..this is massive

https://farmingdale-observer.com/2025/04/13/a-massive-500-billion-barrel-oil-deposit-has-just-been-discovered-in-antarctica/

I'm a UI UX designer with 4years experience, I gained lots of hands-on experience working on different designing Apps and websites, for fintech, e-commerce, SAAS products etc and also worked on different products that are live and available on playstore

I am available to work with you

Email: alexsamuel048@gmail.com

I’m looking forward to hearing from you.

Umehj88:
Locotrader where ever you are I just want to say a big thanks for pointing TIP when you did got in big @1.87 the rest is history thanks again

+1 my profit is basically the remaining 50% stake I have in it. Looks like its heading to 6 gradually

Yoursfaithful:
Wow..this is massive

https://farmingdale-observer.com/2025/04/13/a-massive-500-billion-barrel-oil-deposit-has-just-been-discovered-in-antarctica/

I am not sure why the author is reposting what he claimed was discovered in 2020

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -2.56%

Nigerian Exchange Group Plc has announced the approval of a final dividend of N2 per ordinary share of 50 kobo each for its registered shareholders.

This decision was approved during the company’s 64th Annual General Meeting and was officially communicated in a release published on the group’s disclosure page, signed by the company secretary, Izuchukwu Akpa.

The disclosure also highlights the adoption of the company’s Audited Financial Statements for the fiscal year ended December 31, 2024, and the reports of the Directors, Auditors, Board Evaluation Consultants, and the Audit Committee.

Furthermore, the Board of Directors was authorized to determine the remuneration of the auditors, Ernst & Young, for the year ending December 31, 2025, as well as to disclose the remuneration of the company’s managers.

During the recent Annual General Meeting, the following directors retiring by rotation were re-elected: Mr. Nonso Okpala, Mrs. Fatima Wali-Abdurrahman, and Mrs. Mosun Belo-Olusoga.

In accordance with Section 404(3) of the Companies and Allied Matters Act 2020, the company also established an Audit Committee to serve until the next Annual General Meeting.

AVAIF
Distribution for 6 mths period (9th Oct 2024 to 10th Apr 2025 = N98,189.60k
Qualification Date: 14th April, 2024

* Total OS : 45 units

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/NOTIFICATION_OF_DISTRIBUTION_PAYMENT_TO_UNITHOLDERS_OF_THE_AVA_INFRASTRUCTURE_FUND_.pdf

crownprince2017:
If e reach 30 I hope you will not shift your goal pole again..

Depending on the acceleration it used to get to 30KM

If they fold hands and allow Oando to drop to 30 or below, then there must be an agenda to it. Very likely delisting is back on the table.
The lower the market price, the easier to buy out the outsiders.

zendi:
If they fold hands and allow Oando to drop to 30 or below, then there must be an agenda to it. Very likely delisting is back on the table.
The lower the market price, the easier to buy out the outsiders.

Are you sure that the price push wasn't mainly for the debtor to offload the shares at high price? Seems the purpose has been achieved already

Brent crude’s plunge below $60 was an “overreaction” to tariff fears, says Gunvor’s Frederic Lasserre. Markets assumed zero demand growth, but the research head sees more upside ahead: “There is a better exit than the zero-growth situation.

phadriz:
Patiently waiting for Oando to touch N30

You sure that's the "dippest" price it'll reach?

Another [valid] perspective.

This probably gives credence to the reason why the 'bonus' has not been issued...

Agbalowomeri:
Are you sure that the price push wasn't mainly for the debtor to offload the shares at high price? Seems the purpose has been achieved already

Agbalowomeri:
Are you sure that the price push wasn't mainly for the debtor to offload the shares at high price? Seems the purpose has been achieved already

How was the price pushed. And to what price. Tell us how so we can verify and by who.The last time I checked the stock was bought and sold by retail investors. Make una dey fear God for this market

Agbalowomeri:
Are you sure that the price push wasn't mainly for the debtor to offload the shares at high price? Seems the purpose has been achieved already

Hmm, wouldn't put anything past the maradonas, while we siddon look.

Streetinvestor2:
How was the price pushed. And to what price. Tell us how so we can verify and by who.The last time I checked the stock was bought and sold by retail investors. Make una dey fear God for this market

When are they distributing their shares? Imagine crashing the price to this level and you think they are not manipulating the price. The second bonus is coming up next two months, yet the first one has not been distributed.

All these banks access bank is buying upandan, what really is the end game

Streetinvestor2:
How was the price pushed. And to what price. Tell us how so we can verify and by who.The last time I checked the stock was bought and sold by retail investors. Make una dey fear God for this market

So what exactly moved Oando from 18 to almost 100 in 3 months? Then from nowhere debt conversion of that huge amount comes up? Baba street think am

essentialone1:
[size=8pt][/size]

Please, remove the HOUR column that was just added. I do not see it as important at all. Please.

Thank you so much for the feedback, truly appreciated as always! The Hourly column was added in response to user requests for tracking short-term price movements. I understand it may not be useful to everyone, and that’s perfectly okay. The focus is on adding features that meet growing community needs.

Thanks again for sharing.

thebargainhunte:
When are they distributing their shares? Imagine crashing the price to this level and you think they are not manipulating the price. The second bonus is coming up next two months, yet the first one has not been distributed.

How are they crashing it .Can you show with evidence. The other share whose price came down who is crashing the price too.I hope you won't change mouth when it start gaining from improved Q1 2025 results

Agbalowomeri:
So what exactly moved Oando from 18 to almost 100 in 3 months? Then from nowhere debt conversion of that huge amount comes up? Baba street think am

What made the price move is the same thing that made such bank after all the risk assessment give such loan to buy the last asset.
If you could show insider buying direct or indirect I would have considered it.
Then again the name associated to the president is a business goodwill. The business is not dead like many businesses that exist only on papers still trading here.
We see oando trade here daily,it is championed by retailer and mostly short time guys....simple

https://ewnation.com/oando-remains-a-high-beta-play-with-lots-of-prospects/
https://ewnation.com/deepcap-not-immune-to-market-cycles/
https://ewnation.com/c-wave-correction-drags-chams-down-25-percent/
https://discordzone/5Gx4XwzE (replace zone with dot double g)
enjoy!