₦airaland Forum

Mpeace:
It might be a warning sign. I remember earlier this year someone told me that with the rates being offered and the numbers being subscribed, Nigeria has a huge chance of default in settlement of maturing Tbills and bonds.
Last year they paid almost 6 Trillion to banks alone apart from local and foreign investors https://nairametrics.com/2025/04/28/nigerian-banks-earn-n5-93-trillion-from-investing-in-treasury-bills-omo-bills-others-in-2024/
Just 8 banks have N41.7trillion investments in government securities https://www.google.com/amp/s/punchng.com/access-zenith-six-other-banks-grow-investment-securities-to-n41-7tn/%3famp
How do they want to settle all these?

No wonder the subscription level for these securities are reducing.

KarlTom:
Fidelity MM have a very busy day ahead

https://doclib.ngxgroup.com/Financial_NewsDocs/44130_FIDELITY_BANK_PLC-FIDELITY_BANK_PRESS_RELEASE_ON_COURT_JUDGMENT_CORPORATE_ACTIONS_MAY_2025.pdf

ndept:
The most important extract to note from the publication:

"However, having exhausted the appeal process, the Bank is willing to settle the obligation. Unfortunately, there
are significant ambiguities in the judgment resulting in difficulties in calculating the actual financial liability to the
G.Cappa and the Bank which is about N14billion from our computation based on the exchange rate as of 2005
when the incident and cause of action arose. Meanwhile the Supreme Court in the case of Anibaba v Dana Airlines
Limited delivered in January 2025 has clarified that foreign currency judgment debt must be converted to Naira
at the exchange rate obtainable at the date of judgment of the trial Court which in this case was 30 January 2018.
Even if the 2018 exchange rate supported by the Supreme Court is applied, the judgment debt will just be under
N30.7 billion payable by G.Cappa Plc (who delayed delivery of possession of the apartments from 2005 till June
2018 when possession was eventually delivered) with contribution from the Bank.

Consequently, the Bank has applied to the Court for a clarification and inquiry into the proper interpretation of the
judgment and the computation of the actual quantum properly and lawfully payable by G.Cappa and the Bank".

BabsO2:
There is a huge difference between N225b and N31b (or N14b). How did the People Gazette come up with N225b and the bank has a max of N31b being a stake.

BabsO2:
There is a huge difference between N225b and N31b (or N14b). How did the People Gazette come up with N225b and the bank has a max of N31b being a stake.

BabsO2:
There is a huge difference between N225b and N31b (or N14b). How did the People Gazette come up with N225b and the bank has a max of N31b being a stake.

KarlTom:
It was definitely a paid publication with an ulterior motive.
I believe that after the dust settles, they will demand an apology...

BabsO2:
In less than 20mins of market open about N300 million is changing hands as some investors rush for a panic sale. The strong Fidelity bulls are wrestling the bears unleashed by the People Gazette publication.

BabsO2:
In less than 20mins of market open about N300 million is changing hands as some investors rush for a panic sale. The strong Fidelity bulls are wrestling the bears unleashed by the People Gazette publication.

pluto09:
They are all trying to play games.
The difference in the final figure is the date for the exchange rate.
2014,2018 or 2025??

ndept:
In fairness to the bolded, I do not see any biase in their report. They simply reported the judgement of the supreme court. It is now left for the parties to challenge the interpretation at the court

KarlTom:
The bolded is where the issue lies:

"Consequently, the Bank has applied to the Court for a clarification and inquiry into the proper interpretation of the judgment and the computation of the actual quantum properly and lawfully payable by G.Cappa and the Bank.
The Court has accordingly ordered Sagecom to maintain status quo pending the determination of pending motions and restrained Sagecom and all persons from publishing any material in the media as the matter is still pending in court.
The implication of this order is that the instant publication by People Gazette and any other media platform or persons, contain false information and is wrongful, unlawful and constitute a contempt of court..."

Locotrader:
Champion 8.25
IB 9.80

We are coming

Locotrader:
Champion 8.25
IB 9.80

We are coming

KarlTom:
The bolded is where the issue lies:

"Consequently, the Bank has applied to the Court for a clarification and inquiry into the proper interpretation of the judgment and the computation of the actual quantum properly and lawfully payable by G.Cappa and the Bank.
The Court has accordingly ordered Sagecom to maintain status quo pending the determination of pending motions and restrained Sagecom and all persons from publishing any material in the media as the matter is still pending in court.
The implication of this order is that the instant publication by People Gazette and any other media platform or persons, contain false information and is wrongful, unlawful and constitute a contempt of court..."

Martialfc80:
Good morning. Can you please help with the correct url of this tool?

GeeKudi:
But, PG said they got the gist from a source in the bank and Fidelity itself just openly flouted that order with their press release today.

GeeKudi:
But, PG said they got the gist from a source in the bank and Fidelity itself just openly flouted that order with their press release today.

Streetinvestor2:
My first call after q1 results.
Buy oando
The days of #50 below is over
Three reasons that will make you chase oando above #100 soon
1.The results will be massive. If you noticed aredel said they made 40% above target production for just taking over aquired assets few months ago.Again oando trading our new sweet oil discovered
2 Oando will follow the results with share allotment of the redistribution

3.Announcement of second phase of redistribution in june

The remaining of this yr is for jijo and stocks that can deliver 100% within jijo .That means any new fund will go in this direction while the investment portfolio will only be seeing rebalancing/realigning to stocks that can increase cash flow by yr end

2zona:
Looks like champion brewery wants to address their free float deficiency by way of resizing/increasing the free float value to the NGX required amount of 20billion.

KarlTom:
Tantalizers

I hope this rally is not mere acting

Streetinvestor2:
My first call after q1 results.
Buy oando
The days of #50 below is over
Three reasons that will make you chase oando above #100 soon
1.The results will be massive. If you noticed aredel said they made 40% above target production for just taking over aquired assets few months ago.Again oando trading our new sweet oil discovered
2 Oando will follow the results with share allotment of the redistribution

3.Announcement of second phase of redistribution in june

The remaining of this yr is for jijo and stocks that can deliver 100% within jijo .That means any new fund will go in this direction while the investment portfolio will only be seeing rebalancing/realigning to stocks that can increase cash flow by yr end

crownprince2017:
Everything said are still hopeville which una claimed it's not a strategy.