₦airaland Forum

Forbearance.

So, which bank will not meet up this CBN forbearance? I have read statements issued by Zenith, Access, Fidelity, FCMB and even First Holdco all claiming to meet up this forbearance before June 30th 2025. That now leaves only UBA. So, if I am to go by all I read. Why did CBN created unnecessary panic in the sector?

DeRuggedProff:
Has anyone here received his NPFMCRFBK dividend?

It has landed

A nice way to start the day 😌

I have received for the one I bought on Bamboo this morning.

Waiting for the one on Trove.

DeRuggedProff:
Has anyone here received his NPFMCRFBK dividend?

jonnysessy:
Forbearance.

So, which bank will not meet up this CBN forbearance? I have read statements issued by Zenith, Access, Fidelity, FCMB and even First Holdco all claiming to meet up this forbearance before June 30th 2025. That now leaves only UBA. So, if I am to go by all I read. Why did CBN created unnecessary panic in the sector?

My UNITY BANK and STERLING BANK na maybe they will add Nigeria Police Bank

megawealth01:
My UNITY BANK and STERLING BANK na maybe they will add Nigeria Police Bank

Sterling bank paid dividend so they might have resolve theirs especially with their capital raise through private placement and right issue.

STOCKPICK:
Sterling bank paid dividend so they might have resolve theirs especially with their capital raise through private placement and right issue.

The dividend they are paying is before the kasala na

We no even hear anything about Unity Bank (and his brother Providus) again

megawealth01:
My UNITY BANK and STERLING BANK na maybe they will add Nigeria Police Bank

leo1234:
Not yet.

So you are in this bus prof?

Nbst. Police na our friend naw. We suppose partner with them.

olig:
We no even hear anything about Unity Bank (and his brother Providus) again

Political situation and solution remain. North should allow JAGABANomics

Panadee:
Sorry to hear that.
It has happened to me once, especially when I am conducting trades on small screen devices while being slightly distracted.
If your online broker app has a confirm page you can always look at it again before placing the trade.

With regard to that stock, you could keep the cash aside from the sale and buy the same number of shares when the price has dropped to ~ 96% of what you sold it for (that is to offset the cost of commissions) and buy your desired additional units as well. I don't see most of those share prices 'blowing up' before Q2 results are released.

You get it. I was in transit and using my phone.

I'd wait for a pullback. Maybe when the JIJO gangs are taking profits.

SonofElElyonRet:
https://www.thecable.ng/access-bank-to-meet-forbearance-conditions-by-june-30-assures-shareholders-of-dividends-payment/

This should positively impact on the price

The interim dividend is going to be close to N1 this year.

olig:
We no even hear anything about Unity Bank (and his brother Providus) again

Why are you looking for the living among the dead? Those ones are non-living things

EDUECO:
The interim dividend is going to be close to N2 this year.

Dem don give you the N1 wey dem promise first? Even Zenith and GTCO won't pay N2. UBA sef no go attempt am a second time

Agbalowomeri:
Dem don give you the N1 wey dem promise first? Even Zenith and GTCO won't pay N2. UBA sef no go attempt am a second time

My Oga, I made a mistake; it is N1 interim dividend

DeRuggedProff:
Has anyone here received his NPFMCRFBK dividend?

got mine this morning

Agbalowomeri:
Why are you looking for the living among the dead? Those ones are non-living things

You never can tell non-living things(liabilities) can rise again.

EDUECO:
The interim dividend is going to be close to N2 this year.

Any of the interim-dividend-paying-bank that fails to pay interim dividend after H1 results had been released must still be sinking in CBN forbearance. This will be the only way to judge them. Not on the beautiful PR released by the banks. Firstholdco can't be judge by this since it had long stopped the payment of interim dividend. I also believe the information can be gotten from H1 results. Hence, expect a delay from H1 reports from banks.

DeRuggedProff:
Has anyone here received his NPFMCRFBK dividend?

Yes received it this morning.

jonnysessy:
Any of the interim-dividend-paying-bank that fails to pay interim dividend after H1 results had been released must still be sinking in CBN forbearance. This will be the only way to judge them. Not on the beautiful PR released by the banks. Firstholdco can't be judge by this since it had long stopped the payment of interim dividend. I also believe the information can be gotten from H1 results. Hence, expect a delay from H1 reports from banks.

You're right!

Interim dividend is a measurement of the reliability or efficiency of these banks.

House what's your take on Dangote sugar n MTN, is it a good buy at the current price?

EDUECO:
The interim dividend is going to be close to N1 this year.

If this is going to be possible. Then this will be a time for jijo with Access Bank. Convert all my Zenith and GTCO to Access (because Zenith & GTCO may not pay more than N1 interim dividend). After chopping a huge interim with Access, convert from Access back to Zenith and GTCO (even with a possibility of more units as there is bound to be pull-back). Sense no go kill me. ;

MTN is expensive at this price. Only maybe 10 or 20% gain left in it. Unless H1 result is far better than expected

legacystore:
House what's your take on Dangote sugar n MTN, is it a good buy at the current price?

jonnysessy:
If this is going to be possible. Then this will be a time for jijo with Access Bank. Convert all my Zenith and GTCO to Access (because Zenith & GTCO may not pay more than N1 interim dividend). After chopping a huge interim with Access, convert from Access back to Zenith and GTCO (even with a possibility of more units as there is bound to be pull-back). Sense no go kill me. ;

Na laidis we dey know JJC in trading. You will hang in one of those steps that you listed

Likely to see a pull back for ellahlakes at this 4.8 price. Possible to take some profits.
It is an area of constant resistance.
It faced a resistance at this price in sept-24 and Oct-24
This is the third time testing this area but with the volume been observed, we will see if this line of resistance obey the law of polarity where price breaks above and it becomes a support.

` Ding!

Agbalowomeri:
Na laidis we dey know JJC in trading. You will hang in one of those steps that you listed

Agbalomoweri, you could be right here. I have been a very long term investor. But, recently i pulled up a stunt in trading and hit it very big. I now thought i had been wasting my time on this long term investment.

DeRuggedProff:
Has anyone here received his NPFMCRFBK dividend?

Got mine this morning. The alert is for thank God it's Friday enjoyment

Just checked and saw that mine has entered. Enough money to pay for my lunch today.

DeRuggedProff:
Has anyone here received his NPFMCRFBK dividend?

jonnysessy:
Forbearance.

So, which bank will not meet up this CBN forbearance? I have read statements issued by Zenith, Access, Fidelity, FCMB and even First Holdco all claiming to meet up this forbearance before June 30th 2025. That now leaves only UBA. So, if I am to go by all I read. Why did CBN created unnecessary panic in the sector?

CBN never said the banks will not be able to pay. CBN only said that they must take care of that before any dividend payments and other stuffs. It was those that like sensational news reporting like Renaissance capital that said most of the banks wont be able to pay till 2028.

jonnysessy:
If this is going to be possible. Then this will be a time for jijo with Access Bank. Convert all my Zenith and GTCO to Access (because Zenith & GTCO may not pay more than N1 interim dividend). After chopping a huge interim with Access, convert from Access back to Zenith and GTCO (even with a possibility of more units as there is bound to be pull-back). Sense no go kill me. ;

It is a good strategy if you're able to initiate it.

Guyz is NB good at this price?

I have some units already that I bought at very cheap. Thinking of expanding while waiting for ARADEL to come down so I can add more

Agbalowomeri:
Dem don give you the N1 wey dem promise first? Even Zenith and GTCO won't pay N2. UBA sef no go attempt am a second time

is it yet time for interim dividend?

So we cannot question whether they have kept to their promise or not