₦airaland Forum

No, they haven't declared any

leo1234:
Did Aradel declare interim dividend?

Will be glad to average down if it gets to that price.

Sunrisepebble:
I want to it to come down to N90 so I can load well. The market has overreacted to a good result

It’s usually as at 9M

KarlTom:
No, they haven't declared any

It looks like the PDF link you shared is the Notice of Approval of the 2025 Half-Year (HY) Audited Financial Statements by Access Holdings Plc for the period ended June 30, 2025. Here's what’s publicly disclosed (via Marketscreener/Access Bank release on July 31, 2025):


---

📌 Key Points – 2025 HY Audited Results Notification

On Wednesday, July 30, 2025, the Board of Access Holdings Plc approved the interim audited consolidated and separate financial statements for the half-year ended June 30, 2025 .

The approval includes the decision to pay an interim dividend, subject to Central Bank of Nigeria (CBN) approval .

Access Holdings will publish the results once CBN approval is obtained.

A closed period restricting trading by insiders is in effect until 24 hours after results are released to the public .

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/ACCESS_HOLDINGS_PLC_NOTIFICATION_OF_APPROVAL_OF_2025_HY_AUDITED_FS_.pdf

ACCESSCORP half year dividend is almost here!

toyeoye:
@Hogwarthtrades Thanks for the suggestion! We’ll take a closer look at the feasibility of adding NGX AGM and earnings call transcripts to the page and revert soon.

Thanks for the consideration.

MTN Nigeria would recover completely this year 🔥

https://nairametrics.com/2025/07/31/mtn-nigeria-is-one-quarter-away-from-wiping-out-fx-induced-losses/

EDUECO:
It looks like the PDF link you shared is the Notice of Approval of the 2025 Half-Year (HY) Audited Financial Statements by Access Holdings Plc for the period ended June 30, 2025. Here's what’s publicly disclosed (via Marketscreener/Access Bank release on July 31, 2025):


---

📌 Key Points – 2025 HY Audited Results Notification

On Wednesday, July 30, 2025, the Board of Access Holdings Plc approved the interim audited consolidated and separate financial statements for the half-year ended June 30, 2025 .

The approval includes the decision to pay an interim dividend, subject to Central Bank of Nigeria (CBN) approval .

Access Holdings will publish the results once CBN approval is obtained.

A closed period restricting trading by insiders is in effect until 24 hours after results are released to the public .

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/ACCESS_HOLDINGS_PLC_NOTIFICATION_OF_APPROVAL_OF_2025_HY_AUDITED_FS_.pdf

Na now dem just dey carry report go CBN

GeneralDae:
MTN Nigeria would recover completely this year 🔥

https://nairametrics.com/2025/07/31/mtn-nigeria-is-one-quarter-away-from-wiping-out-fx-induced-losses/

They might have a right offer because of their N3.1 Trillion debt

GeneralDae:
MTN Nigeria would recover completely this year 🔥

https://nairametrics.com/2025/07/31/mtn-nigeria-is-one-quarter-away-from-wiping-out-fx-induced-losses/

By the time , it fully recovered , the price would be in thousands.

Today's Top Volume Trades

Panadee:
The same way the Spanish male football team used to play so well in the 90s and 2000s but did not win the World Cup or Euros.
Let's hope their time will come.

They eventually won in 2010

Agbalowomeri:
Na now dem just dey carry report go CBN

It will be out before September 2025

ojeysky:
Its interesting how UK price is now the target for GTCO when it should be the other way round. GTCO has more investment in naija hence ngx price should be the dominant...the market is growing sha...hopefully ngx go become a big force to recon

I was wondering too until I asked ChatGPT. Here's the response:

Yes, there's a strong reason behind why the price of a stock listed on the London Stock Exchange (LSE) — or any major international exchange — can influence or even determine the price of the same stock listed on a local market. Here's a clear breakdown of why this happens:

📌 1. Arbitrage Opportunities
Arbitrage is the practice of buying an asset in one market where it's cheaper and selling it in another where it's more expensive — risk-free profit.

So if a stock is listed on both:

Nigeria Exchange (NGX) at ₦100

London Stock Exchange (LSE) equivalent of ₦110

Then traders can:

Buy in Nigeria at ₦100

Sell in London at ₦110

Make ₦10 profit (minus fees)

This forces prices to align across both markets, because traders will keep exploiting the difference until the gap closes.

📌 2. Foreign Exchange Adjustments
Prices in different countries are converted using exchange rates. So even if the stock is ₦100 in Nigeria, and £1 = ₦1000, the equivalent price on LSE would be £0.10 — and vice versa. If the LSE price rises to £0.12, the Nigerian price may rise to ₦120 to match.

So the foreign price changes affect the local price after exchange rate adjustments.

📌 3. Liquidity and Market Influence
The London market often has greater liquidity, more trading volume, and more global investor participation.

This makes the London price a more "accurate" reflection of global investor sentiment.

Local markets often "follow" the global one because the price discovery (real value assessment) happens on the larger, more active exchange.

📌 4. Depositary Receipts / Cross-Listing Rules
In many cases, what’s listed on the foreign exchange is a Depositary Receipt (like GDR or ADR). These are representations of the local stock, and their prices are contractually tied to the price of the actual shares. So movements in one will directly impact the other.

📌 5. News and Time Zones
Sometimes, price changes in LSE happen first because:

Global markets open earlier or later than local ones.

International investors react faster to news or economic data.

The local market then adjusts once it opens or when the news reaches it.

✅ Real-Life Example:
Seplat Energy is dual-listed on the Nigerian Exchange (NGX) and the LSE.

If Seplat’s share price increases by 5% on LSE due to news (e.g., oil price surge), it’s highly likely that NGX will reflect a similar increase the next trading day.

If not, arbitrageurs and informed traders will exploit the mispricing until prices converge.

EDUECO:
ACCESSCORP half year dividend is almost here!

Everybody just dey market him stock and some people too dey demarket other people's.. I no name anybody ooo

https://www.youtube.com/watch?v=xbS1f7L8sig

A summary of today's trading session on the NGX

EDUECO:
It will be out before September 2025

September? Too far ! The result will be sleeping at CBN for more than one month ? They ought to have release unaudited results for our perusal/review,I hope they will not come back and tell us stories and blaming CBN for not approving dividend.

aj8:
Wema needs to pay interim however small to further boost/cement this pursuit of becoming a SIB. Too early to compare with other banks till other results are turned in. Good H1 but shows it is sustaining its Q1 momentum. However still as forecast. If they pay interim 50k, the price should rally to N30. All driven by the tremendous positive banking disruption via ALAT.

Just my opinion, not an advice to buy.

. I don't think Wema bank will pay interim dividend?

megawealth01:
Why run?

my Chief! If the medium-term outlook is red, it's time to grab my slippers and run. I am fairly risk averse, so I stick to established companies.

Question is the medium term outlook good for FBN?

megawealth01:
Today's Top Volume Trades

Are they accumulating FCMB.
Wetin dey sup

Sterling bank set for public offer

SAK:
September? Too far ! The result will be sleeping at CBN for more than one month ? They ought to have release unaudited results for our perusal/review,I hope they will not come back and tell us stories and blaming CBN for not approving dividend.

Interim dividend of at least 1 ₦aira is certain.

SonofElElyonRet:
Everybody just dey market him stock and some people too dey demarket other people's.. I no name anybody ooo

But you know say I no dey market rotten tomatoes
.

I already know that FirstHoldCo will pay like 75 to 85 Kobo for 2025 full financial year

EDUECO:
I already know that FirstHoldCo will pay like 75 to 85 Kobo for 2025 full financial year

That is poor.

emmanuelewumi:
Nahco does not pay interim dividend

Yes

Nataba:
I was wondering too until I asked ChatGPT. Here's the response:

Yes, there's a strong reason behind why the price of a stock listed on the London Stock Exchange (LSE) — or any major international exchange — can influence or even determine the price of the same stock listed on a local market. Here's a clear breakdown of why this happens:

📌 1. Arbitrage Opportunities
Arbitrage is the practice of buying an asset in one market where it's cheaper and selling it in another where it's more expensive — risk-free profit.

So if a stock is listed on both:

Nigeria Exchange (NGX) at ₦100

London Stock Exchange (LSE) equivalent of ₦110

Then traders can:

Buy in Nigeria at ₦100

Sell in London at ₦110

Make ₦10 profit (minus fees)

This forces prices to align across both markets, because traders will keep exploiting the difference until the gap closes.

📌 2. Foreign Exchange Adjustments
Prices in different countries are converted using exchange rates. So even if the stock is ₦100 in Nigeria, and £1 = ₦1000, the equivalent price on LSE would be £0.10 — and vice versa. If the LSE price rises to £0.12, the Nigerian price may rise to ₦120 to match.

So the foreign price changes affect the local price after exchange rate adjustments.

📌 3. Liquidity and Market Influence
The London market often has greater liquidity, more trading volume, and more global investor participation.

This makes the London price a more "accurate" reflection of global investor sentiment.

Local markets often "follow" the global one because the price discovery (real value assessment) happens on the larger, more active exchange.

📌 4. Depositary Receipts / Cross-Listing Rules
In many cases, what’s listed on the foreign exchange is a Depositary Receipt (like GDR or ADR). These are representations of the local stock, and their prices are contractually tied to the price of the actual shares. So movements in one will directly impact the other.

📌 5. News and Time Zones
Sometimes, price changes in LSE happen first because:

Global markets open earlier or later than local ones.

International investors react faster to news or economic data.

The local market then adjusts once it opens or when the news reaches it.

✅ Real-Life Example:
Seplat Energy is dual-listed on the Nigerian Exchange (NGX) and the LSE.

If Seplat’s share price increases by 5% on LSE due to news (e.g., oil price surge), it’s highly likely that NGX will reflect a similar increase the next trading day.

If not, arbitrageurs and informed traders will exploit the mispricing until prices converge.

Which app is more appropriate to trade on London exchange? Besides,is there any interface between ngx and London exchange? How is it possible to buy in ngx and sell in London?

NSEstudent:


They eventually won in 2010

Yes, they began to manifest their worth from the 2010s 🏆

Fred2020:
my Chief! If the medium-term outlook is red, it's time to grab my slippers and run. I am fairly risk averse, so I stick to established companies.

Question is the medium term outlook good for FBN?

FIRST BANK is risky if you are after instant gratification but it's a worthy investment if you got in with PATIENT FUNDS

Someone should remind OANDO that other companies are dropping their financial reports already. Whatever is in the report, just drop it.

EDUECO:
Chat GPT is the AI app

Thanks for sharing!

GeeKudi:
Someone should remind OANDO that other companies are dropping their financial reports already. Whatever is in the report, just drop it.

Here for you
https://doclib.ngxgroup.com/Financial_NewsDocs/44793_OANDO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf