₦airaland Forum

yMcy56:
Lol. Thank God it was only for Friday
Na Streetinvestor2 get all time award for vawulence.
Vawulence just dey sweet his belle, na his second moniker 😁

Lol.I no get joy for men way dey look for this money anyhow.The lack integrity in the pursuit. This na money way u go die still leave oh.What makes the person different from Yahoo guy

veecovee:
My instinct is telling me that one elder here in investment (Oga Emma) has an eye on the ball (Ellahlakes)

And he's planning to hold it for 5years

If you be member of his ministry. You will be informed that thr are type of companies you don't associate that name with even in the dream..lol

megawealth01:
If he sells it nothing will happen bro

My brother, there could be endless court cases and political action (e.g. protests) that may affect the transaction which may affect the share price.
The political risk will be too much and the whole thing may be revoked by another govt. the same way YarDua revoked the initial sale by OBJ.
If Oando would be involved, it should be part of a consortium e. g Aradel, Oando, Renaissance etc .

ojeysky:
Ofcourse they understand but they want to widen the nest as much and possible and milk people dry

We will make sure it does not go beyond 2027

I'm so happy with the 30 percent capital gain tax. It is going to be a welcomed development.

Increase in taxation is very good for the economy although Nigerian politicians can never do away with their embezzlement mentality.

Did anyone say sell NNPC? It is only the refineries we are talking about. Selling them is not taboo. It was done by OBJ before.

mikeapollo:
There is no amount of open and transparent process that would convince the Nigerian masses if Tinubu should sell a national asset like NNPC to Oando, a company owned by his nephew.
The critical importance, controversies and corruption around fuel and petroleum products and the ignorance about business and corpotrate governance in Nugeria is too much.
Oando should not even bother to put in a bid if they love themselves.

Streetinvestor2:
If you be member of his ministry. You will be informed that thr are type of companies you don't associate that name with even in the dream..lol

Please I have no time for war with you sir

Streetinvestor2:
If you be member of his ministry. You will be informed that thr are type of companies you don't associate that name with even in the dream..lol

Just leave am,he dey find wetin anti low quality stocks gang talk.

EDUECO:
I'm so happy with the 30 percent capital gain tax. It is going to be a welcomed development.

Increase in taxation is very good for the economy although Nigerian politicians can never do away with their embezzlement mentality.

Nigerians are going through hunger and serious poverty. I don't see that tax thing starting full in January 2026 as said.Our coalition is bringing it hot for this government and apc.They won't want to increase the anger in the land more before the election. They may pick some part and implement because of election

Streetinvestor2:
Nigerians are going through hunger and serious poverty. I don't see that tax thing starting full in January 2026 as said.Our coalition is bringing it hot for this government and apc.They won't want to increase the anger in the land more before the election. They may pick some part and implement because of election

A stock trader with 50 million Naira trading capital is not a poor person in Nigeria.

EDUECO:
You started the year trading with 50 million Naira.

At the end of the year you turn your 50 million to 300 million Naira.

So,from the above ; your profit is around 250 million Naira.

30% of 250 million is 75 million Naira,then you will take 175 million.

The government will get 75 million Naira while you the monkey hunter(sorry trader) will get 175 million Naira .

I know the monkey hunters gang will not be happy with my analysis above

I see nothing wrong in paying 30% as capital gain tax to Nigeria; because without the Nigerian Stock Exchange,you wouldn't have been able to make such money.

Someone in this hypothetical case is not a poor person in Nigeria.

Some stock traders are even in a better position than this.

I have been away for a long time now.... Has Onado credited holders the first bonus shares?

Has the bonus been paid?

mikeapollo:
My brother, there could be endless court cases and political action (e.g. protests) that may affect the transaction which may affect the share price.
The political risk will be too much and the whole thing may be revoked by another govt. the same way YarDua revoked the initial sale by OBJ.
If Oando would be involved, it should be part of a consortium e. g Aradel, Oando, Renaissance etc .

Ok

veecovee:
Please I have no time for war with you sir

Sorry I quoted u.i won't do it again

designking:
I have been away for a long time now.... Has Onado credited holders the first bonus shares?

Has the bonus been paid?

Maradona hasn't shared yet

From Quora

megawealth01:
Here’s a side-by-side comparison of key financial ratios for Dangote Cement and Lafarge Africa (WAPCO) as of Q1 2025 and FY 2024:

📌 Dangote Cement – Q1 2025 (ended Mar 31)

Gross margin: ~59.0% (₦587 b/₦994.7 b)

Operating margin: ~40.0% (₦397 b/₦994.7 b)

EBITDA margin: 46.4% (₦461.6 b/₦994.7 b)

Debt-to-equity: ~100.6% (₦2.39 t debt / ₦2.38 t equity)

Interest coverage ratio (ICR): ~4.1× (EBIT ~₦1.27 t TTM / interest cost ~₦311 b)

Return on Equity (ROE): ~25.8% (FY 2024 baseline)

Return on Capital Employed (ROCE): ~30.4%



---

📌 Lafarge Africa (WAPCO) – FY 2024

Gross margin: ~47.5% (based on Q1 comparison note)

Debt-to-equity: Very low ~0.06 (₦312.6 m debt vs ₦553.3 b equity)

Interest coverage: ~878× (EBIT ₦228.8 b / interest ≈ ₦0.26 b)

ROE: ~21.3% (Dec 2024)

ROA: ~14.0%

ROCE: ~32.2%



---

📊 Ratio Comparison

Ratio Dangote Cement Lafarge Africa (WAPCO)

Gross Margin ~59% (Q1 2025) ~47.5% (Q1 comparable)
Operating/EBITDA Margin ~40% / 46% ~not available, but implied lower
Debt-to-Equity ~1.01× (100.6%) ~0.06× (very low leverage)
Interest Coverage ~4.1× ~878× (very comfortable)
ROE ~25.8% ~21.3%
ROCE ~30.4% ~32.2%



---

🔍 Key Insights

Profitability & efficiency: Dangote leads on profitability with higher margins across the board—gross (59% vs 47.5%), operating (~40%), and EBITDA (~46%).

Leverage: Dangote is far more leveraged (D/E ≈1.0) compared to Lafarge, which is essentially unleveraged (D/E ≈0.06). This gives Lafarge greater financial flexibility and lower risk.

Interest burden: Dangote’s interest coverage (~4×) is solid but modest versus Lafarge’s extremely low interest exposure.

Returns: Both generate strong returns on equity/capital (~20–30%), with Lafarge slightly ahead on ROCE thanks to light leverage.

Strategic tilt: Dangote’s aggressive expansion and debt-fueled investments drive scale and margins, while Lafarge’s conservative balance sheet yields stability and resilience.



---

✅

Dangote Cement delivers superior margin performance and greater market leverage—but carries leverage risk.

Lafarge Africa offers lower risk, excellent returns, and a rock-solid balance sheet, though with more modest profitability.

Kai mega, teach your boy how to read the market oo

EDUECO:
From Quora

You no dey tire? The more you attack, the higher the prices of so called "junk stocks" rise.. you no go quick grab Ellah before it's too late

mikeapollo:
My brother, there could be endless court cases and political action (e.g. protests) that may affect the transaction which may affect the share price.
The political risk will be too much and the whole thing may be revoked by another govt. the same way YarDua revoked the initial sale by OBJ.
If Oando would be involved, it should be part of a consortium e. g Aradel, Oando, Renaissance etc .

Are you saying Oando is not fit and qualifed to run a refinery? Or just because its CEO is related to the President that disqualifies them? Oando has the capacity.. no scandal if a refinery is sold to them. Nothing will happen

EDUECO:
You started the year trading with 50 million Naira.

At the end of the year you turn your 50 million to 300 million Naira.

So,from the above ; your profit is around 250 million Naira.

30% of 250 million is 75 million Naira,then you will take 175 million.

The government will get 75 million Naira while you the monkey hunter(sorry trader) will get 175 million Naira .

I know the monkey hunters gang will not be happy with my analysis above

I see nothing wrong in paying 30% as capital gain tax to Nigeria; because without the Nigerian Stock Exchange,you wouldn't have been able to make such money.

What if the 300m profits is reinvested in stocks will it be taxed ?

megamart247:
What if the 300m profits is reinvested in stocks will it be taxed ?

Just reinvest, then take a two-week loan of the value that you need for personal use. Sell, repay the loan and leave the rest reinvested

Reduce the volume o...

Raider76:
Me, I will predict that this Government will sell its refineries in 2026, and Oando will be a buyer.

[b][/b]

megamart247:
What if the 300m profits is reinvested in stocks will it be taxed ?

The new law says if fully reinvested in the same financial yr.No CGT.
If part is reinvest. The part not reinvest will be taxed based on profit on it
For me na to dey reinvest and collect from dividend which is only 10% WHT as final tax

Agbalowomeri:
Just reinvest, then take a two-week loan of the value that you need for personal use. Sell, repay the loan and leave the rest reinvested

You be confirmed street accountant

#EllahLakes

I can't upload the TikTok Video from Bloomberg

#EllahLakes

Link Attached another Agricultural company that sent fake number is to investors
TikTok Link By Bloomberg ::: https://vt.tiktok.com/ZSBX9Pbkw/


Now the same Ellah Lakes wants to raise 250 billion same compnay with Zero revenuefor 2 consecutive years .. na Loco,Megawealth and Street Investor go buy am

It's the refineries that are likely to be sold NOT the entire NNPCL

IMO, the refineries are a hole in the pocket of the FG & NNPCL

mikeapollo:
There is no amount of open and transparent process that would convince the Nigerian masses if Tinubu should sell a national asset like NNPC to Oando, a company owned by his nephew.
The critical importance, controversies and corruption around fuel and petroleum products and the ignorance about business and corpotrate governance in Nugeria is too much.
Oando should not even bother to put in a bid if they love themselves.

Raider76:
Did anyone say sell NNPC? It is only the refineries we are talking about. Selling them is not taboo. It was done by OBJ before.

If you follow the thread from the beginning to end you would realize I was referring to NNPC refineries but "" refineries" was only ommitted in the bolded clause you refered to.

SohSoh:
#EllahLakes

I can't upload the TikTok Video from Bloomberg

#EllahLakes

Link Attached another Agricultural company that sent fake number is to investors
TikTok Link By Bloomberg ::: https://vt.tiktok.com/ZSBX9Pbkw/


Now the same Ellah Lakes wants to raise 250 billion same compnay with Zero revenuefor 2 consecutive years .. na Loco,Megawealth and Street Investor go buy am

don't worry about the new investor because the money is already down...please wait till after the egm .

KarlTom:
It's the refineries that are likely to be sold NOT the entire NNPCL

IMO, the refineries are a hole in the pocket of the FG & NNPCL

"Refineries' was ommitted in error in the particular post
The discussion is about "🤭NNPC refineries"