₦airaland Forum

Bagwa:
A TOTAL OF 4,001,368,233 UNITS OF UNITY BANK PLC WERE DONE AS AN OFF-MARKET TRADE TODAY IN THREE DEALS. THE TRANSACTION WAS A NEGOTIATED DEAL BETWEEN CORDROS SECURITIES LIMITED AS SELLER AND PAC SECURITIES LTD AS BUYER.

emmanuelewumi:
Western Nigeria used to be a core investor through their investment company called Odu Investment.

Odu Investment owned owned the industrial estates at Ilupeju, Ikeja, Ogba , Isolo and also owned shares in all the companies in the estate.

We used to have regional government in Nigeria over 60 years ago.


Lafarge Africa is more than 60 years in Nigeria


Find below the answer from chatgpt

mikeapollo:
So how did they ''repatriate money to France'' (according to your earlier post) between 1959 to 2000 when it was owned by Western Govt of Nigeria?
If you want to talk about repatriating money to France, then you have to begin the discussion from when Lafarge (a French company) acquired the company, and not when the company was operating as a Nigerian entity.

emmanuelewumi:
BUA bought Cement Company of Northern Nigeria in 2009

Lafarge became the core of WAPCO in 2001.

Yet Lafarge is playing catch up.


WAPCO used to have a core investor who was political exposed and directors and board members were chosen from representatives of Western Nigeria. The company was not efficiently managed until it was sold to Lafarge.

Prior to the coming of BUA into CCNN and merger of both businesses, Lafarge was bigger.

faoogoke:
Unity bank is off the hook. Suspension lifted!

yMcy56:
Full bid, no single drop yet....
The rejected stone....

Bagwa:
A TOTAL OF 4,001,368,233 UNITS OF UNITY BANK PLC WERE DONE AS AN OFF-MARKET TRADE TODAY IN THREE DEALS. THE TRANSACTION WAS A NEGOTIATED DEAL BETWEEN CORDROS SECURITIES LIMITED AS SELLER AND PAC SECURITIES LTD AS BUYER.

megawealth01:
💯

I wanted someone else to announce the goodness...

All UNITY BANK haters because MEGAWEALTH01 is heavily loaded in it are silently SILENT

My sweet Jesus 😍

mikeapollo:
My guy, let's focus on the blessings and praises unto the Lord; No need to worry about ''haters''.
Even what we call ''love'' and/or ''hate'' on this platform is all virtual, so we should not be too bothered.

megawealth01:
I'm available for off market deal... I'm BUYING... Just let me know your house so we roll

megawealth01:
Haters dey ooooooo

Many waiting to say I told you but my JESUS said no...

JAGABANomics follow make this happen

emmanuelewumi:
Western Nigeria used to be a core investor through their investment company called Odu Investment.

Odu Investment owned owned the industrial estates at Ilupeju, Ikeja, Ogba , Isolo and also owned shares in all the companies in the estate.

We used to have regional government in Nigeria over 60 years ago.


Lafarge Africa is more than 60 years in Nigeria


Find below the answer from chatgpt

mikeapollo:
Did the Lord not promise to ''set a table before ........... in the presence of ...............?
So each believer's focus should be on the Lord's ''table'', not the other way round.

jonnysessy:

mikeapollo:
All what you typed above are irrelevant to the matter in contention.

I referred to your comment that Lafarge was mostly repatriating money to France in over 60 years that they had been in Nigeria instead of investing in Nigeria.
And my point is, you cannot say they have been in Nigeria for 60 years because Lafarge only acquired WAPCO in 2001, which is just about 25 years ago, and they could only repatriate money from Nigeria to France after that acquisition.
There was no French (Lafarge) ownership in WAPCO in 1959-2000 so they could not have repatriated money to France during that time.

emmanuelewumi:
In that 25 years they were bigger than CCNN, what stopped them from maintaining the lead

Whereas CCNN got a new core investor 16 years ago and then rebranded to BUA cement and now bigger than Lafarge.

Hope you remember the financial mistake made by Lafarge when they bought a business in South Africa which created a debt of about N100 billion

Panadee:
In summary, they did not repatriate money to France for 60 years but they did not do well compared to their peers.

emmanuelewumi:
In that 25 years they were bigger than CCNN, what stopped them from maintaining the lead

Whereas CCNN got a new core investor 16 years ago and then rebranded to BUA cement and now bigger than Lafarge.

Hope you remember the financial mistake made by Lafarge when they bought a business in South Africa which created a debt of about N100 billion

emmanuelewumi:
They repatrated for 25 years , while other were increasing their capacities

yMcy56:
Full bid, no single drop yet....
The rejected stone....

emmanuelewumi:
I have a feeling that Total Energy might later exit the down stream sector and the business will be bought by MRS.

MRS is Dangote's cousin and a major player in the downstream one of the few players to align with Dangote Refinery

mikeapollo:
All what you typed above are irrelevant to the matter in contention.

I referred to your comment that Lafarge was mostly repatriating money to France in over 60 years that they had been in Nigeria instead of investing in Nigeria.
And my point is, you cannot say they have been in Nigeria for 60 years because Lafarge only acquired WAPCO in 2001, which is just about 25 years ago, and they could only repatriate money from Nigeria to France after that acquisition.
There was no French (Lafarge) ownership in WAPCO in 1959-2000 so they could not have repatriated money to France during that time.

megawealth01:
💯

I wanted someone else to announce the goodness...

All UNITY BANK haters because MEGAWEALTH01 is heavily loaded in it are silently SILENT

My sweet Jesus 😍

emmanuelewumi:
In that 25 years they were bigger than CCNN, what stopped them from maintaining the lead

Whereas CCNN got a new core investor 16 years ago and then rebranded to BUA cement and now bigger than Lafarge.

Hope you remember the financial mistake made by Lafarge when they bought a business in South Africa which created a debt of about N100 billion

awesomeJ:
Congratulations 🎉🎉🎉

I thought you would need to sacrifice 200k by selling at a discount to make it close higher.

But as @mcy pointed out, it's a CSCS issue that's delaying trades.

awesomeJ:
Meaning there's hope for those of us stuck with the stock 😁

Let MRS pay us 700.