₦airaland Forum

Streetinvestor2:
U happen to be on ngx and making paper profit while majority of small/medium businesses are closing shop because of bad economy. U ser ur self as being smart.
The signs are already present itself on ngx if u have eyes
The poverty they are sharing is about to go round

Street Investor my main man

mikeapollo:
I doubt if this Taiwo Oyedele has any investments in NGX, otherwise he wouldn't be saying this.
I pray he dose not destroy his reputation because of this unpopular CGT policy of the govt..

I doubt he have any substantial investment in ngx. That is what happens when people who's product is ideas implement projects. It's obvious he don't have a skin in the game

Imagine if he have a portfolio worth hundreds of million and is actively trading do you think he will support this CGT policy?

essentialone:
https://www.icirnigeria.org/zenith-access-first-bank-may-suspend-dividend-payments-until-2028-here-is-why/

Did you bother to check the date of the article

Zenith paid interim dividend few weeks ago.

But for Access and FBN, dividend might stop for about a year

Streetinvestor2:
The poverty they are sharing will soon touch all both the financial smart or blind.

I hope it is not what one moniker here keep shouting,...
Dark is coming
Very soon q3 results will be over with no impact which is not suppose to be so.Many jijo here go first close shop and understand what bad economy means

God forbid Street.
This one you dey shout poverty up and down so bro, no come raise people BP oooo
Afflictions shall never happen the second time

emmanuelewumi:
Did you bother to check the date of the article of article

Zenith paid interim dividend few weeks ago.

But for Access and FBN, dividend might stop for about a year

Yeah it's not a recent Article. Just Brought it Forward, based on Recent Realities.

Agbalowomeri:
Na was o so we are still not up to that 84

Agba, what is your opinion about the release Gtb Q3?

The EPS declined alot. From 38 to 20.7. Even after using the old OS, i arrived at 25 per share.
The reduction in "other income" was massive.

emmaodet:


God forbid Street.
This one you dey shout poverty up and down so bro, no come raise people BP oooo
Afflictions shall never happen the second time

That is the road they are leading us to, I don't understand the madness of this government in trying to rip everyone of any available substance.

A govt that is no longer subsidizing the currency and energy, they have passed the burden to us yet they still want to take more from us. Very insensitive leaders
Is this not wickedness?

essentialone:
https://www.icirnigeria.org/zenith-access-first-bank-may-suspend-dividend-payments-until-2028-here-is-why/

The referenced article was released by Renaissance Capital on the 16th day of June 2025. Since then, both zenith and Uba have paid interim dividends. So the report have been overtaken by event even as they have been proved wrong.

emmaodet:
Agba, what is your opinion about the release Gtb Q3?

The EPS declined alot. From 38 to 20.7. Even after using the old OS, i arrived at 25 per share.
The reduction in "other income" was massive.

The extraordinary profit of last year was a one off thing.

Yet federal government of Nigeria got more than 50% of the huge profit based on forex gain

CBN did not talk about foreberance loans when the banks made the huge profit in 2024.


Now in 2025 when banks can't repeat last years performance, they now remember the foreberance loans given to the banks

If this was done last year banks would have used part of their bumper profit to pay down the loan.


If you want loan term wealth and value creation on NGX, please look beyond banking stocks

Banking stocks are only good for predictable dividend income

emmanuelewumi:
The extraordinary profit of last year was a one off thing.

Yet federal government of Nigeria got more than 50% of the huge profit based on forex gain

CBN did not talk about foreberance loans when the banks made the huge profit in 2024.


Now in 2025 when banks can't repeat last years performance, they now remember the foreberance loans given to the banks

If this was done last year banks would have used part of their bumper profit to pay down the loan.


If you want loan term wealth and value creation on NGX, please look beyond banking stocks

Banking stocks are only good for predictable dividend income

Good idea,
They are over regulated. CBN just dey do them anyhow though I consider them a main player in the economy

emmaodet:
Agba, what is your opinion about the release Gtb Q3?

The EPS declined alot. From 38 to 20.7. Even after using the old OS, i arrived at 25 per share.
The reduction in "other income" was massive.

But that was expected
If they can maintain a full year EPS of 15-20 and pay dividends N5-6 that should be good.
Ultimate, I expect banks to trend down from here

This has been my observation too.

emmanuelewumi:
The extraordinary profit of last year was a one off thing.

Yet federal government of Nigeria got more than 50% of the huge profit based on forex gain

CBN did not talk about foreberance loans when the banks made the huge profit in 2024.


Now in 2025 when banks can't repeat last years performance, they now remember the foreberance loans given to the banks

If this was done last year banks would have used part of their bumper profit to pay down the loan.


If you want loan term wealth and value creation on NGX, please look beyond banking stocks

Banking stocks are only good for predictable dividend income [b][/b]

Good forbid I want to learn how to be a habitual lier at this age.What will I tell my maker when the time comes
Thr is absolutely nothing of interest from such person. They are repulsive to my type..lol

Lack of 100k units to move big stocks
By yesterday many for hit Red on SP
Today is not expected to be different
The government is doing wonderful

mikeapollo:
I did not campaign to become president! I did not say ''Emi L'okan'' but these are some common sense approach to adopt:

1. could have avoided making such reckless statement like ''subsidy is gone whether you like it or not'' at the inauguration ground when there was no cabinet, no ministers, no policy, no nothing. this comment dislocated economic activity in the nation
2. set up cabinet first and committee to consult with industry players, stakeholders and Nigerians on how to implement the policy and address its effects.
3. could have waited few months and possibly assisted Dangote to complete the refinery faster. Negotiate, sell crude to him in exchange for refined products at agreed naira prices., subject to periodic adjustments.
4. approach the NASS for possible supplementary budget to address possible temporary shortfalls in the budget. (to avoid the nation being thrown into confusion with fuel queues, hunger, demonstrations, riots etc. and for companies to prepare and plan ahead)
5. gradual, piecemeal devaluation of the currency, especially after we might have stopped importing refined products, with Dangote supplying and meeting our local needs.
6. adopt a managed exchange rate system, instead of complete floatation (it never favours an import-dependent, developing country)
7. sell gas to electricity generating companies in Naira, (instead of selling in USD) because Nigerian citizens pay for electricity consumed in naira. Selling gas to the Gencos in USD is a sure way to kill them especially when you devalue your currency from about N500 to N1,500 to the USD.
8. adopt prudent measures in govt., cut down wasteful expenditures. show leadership by example. Nigerian president can travel by commercial flight if the people are suffering. Avoid traveling to international conferences with 400 delegates etc.
9. Prioritize and complete existing viable projects (e.g. roads) instead of rushing to award questionable, inflated projects to cronies with little or no transparency.
10. do not share excess crude account in raw cash to state govts (it causes inflation). ask each state to indicate a key infrastructure project in their state and draw up plans to finance these projects using proceeds in the account (or part thereof) under the supervision of supra -national bodies e.g. world bank, AfDB etc.
..............etc etc etc

see as you waste all these on NL instead of copying Bayo Onunaga and Coordinating Economy minister
U no try...

Better contest 2027 Oo

chimex38:
see as you waste all these on NL instead of copying Bayo Onunaga and Coordinating Economy minister
U no try...

Better contest 2027 Oo

Na one guy make me do that oooo
You have to support my campaign. Just make the billions in NGX and donate some formy campaign

Utalinmou:
.............
.......
Now they introduced a new tax regime to mop up the remaining liquid of the population. Come to think of it ARE WE NOT SUPPOSED TO BE GETTING TAX CUTS to help us cope with the deregulation and subsidy removal? Why is it now that we are struggling to put our head above the waters from their bad policies that they want to drown us the more? Why didn't they wait for the economy and livelihood of the people to improve before introducing this new tax?
.........
.....

According to the TAX man, if you Produce/Manufacture you won't pay VAT..
all the VAT you incured for raw materials, assets,etc will be refunded. Just keep your purchase receipt.

emmanuelewumi:
Did you bother to check the date of the article

Zenith paid interim dividend few weeks ago.

But for Access and FBN, dividend might stop for about a year

@Bolded
If you understand how he posts sometimes, he's good at using historical news to justify or challenge present realities. even old NSEMPA comments.

I think he's fully aware and rightly fits the narrative.

essentialone:
Yeah it's not a recent Article. Just Brought it Forward, based on Recent Realities.

Just seeing this.

chimex38:
see as you waste all these on NL instead of copying Bayo Onunaga and Coordinating Economy minister
U no try...

Better contest 2027 Oo

U want him to send such to one guy on that list that his brain is in his bumbum..lol
B....guy

Mpeace:
The referenced article was released by Renaissance Capital on the 16th day of June 2025. Since then, both zenith and Uba have paid interim dividends. So the report have been overtaken by event even as they have been proved wrong.

I won't write it off as such.
It rather proved the fact.
The banks that paid improvised to pay dividends.

-Zenith paid from Reserve(Improvise)
against the usual norm.
-UBA paid far less than ₦1 they paid last yr.
-Access and FBN might not.

GTB escaped but that was obvious.
Even for GTBank If you look at the financials of GTCo-Q3, you will see that retained earnings of
GTBank-The Company dropped from 255.9bn to 49.75bn.
Over 80.5% reduction!!!

CBN showed these banks Shege.

The article, to me was on point. Events were rather proven right rather than overtaken.
Those banks who had the capacity and wherewithal largely improvised to pacify shareholders.
A DIVIDEND hunter heavily invested in the Banks who blindly followes the Article and pulled out his funds to a more guaranteed dividend yield stock would probably have been better off for his/her peace of mind sake at least from June till October

chimex38:
According to the TAX man, if you Produce/Manufacture you won't pay VAT..
all the VAT you incured for raw materials, assets,etc will be refunded. Just keep your purchase receipt.

It is easy for manufactures to add up the vat as production cost. And good luck with them getting the rebate. only the big guys can push their way through.

When insincere people are after you they'll paint a brick like a bread until you give it a bite

I pity bludy civilians like me.
Churches needs to be listed on ngx because from next year, all things being equal they'll BOOM.

emmanuelewumi:
The extraordinary profit of last year was a one off thing.

Yet federal government of Nigeria got more than 50% of the huge profit based on forex gain

CBN did not talk about foreberance loans when the banks made the huge profit in 2024.


Now in 2025 when banks can't repeat last years performance, they now remember the foreberance loans given to the banks

If this was done last year banks would have used part of their bumper profit to pay down the loan.


If you want loan term wealth and value creation on NGX, please look beyond banking stocks

Banking stocks are only good for predictable dividend income

Very big point.
In the following order, CBN are using banks to work for:
1)FG.
2)Depositors
3)Real Businesses(fiscal policies)
4)Banks themselves( their economic survival).

-5)then Shareholders

We dey 5th on preference scale.

edwardaigb:
It is well

Even in the well

Agbalowomeri:
But that was expected
If they can maintain a full year EPS of 15-20 and pay dividends N5-6 that should be good.
Ultimate, I expect banks to trend down from here

But they have already made 20.71 EPS for Q3 so expected full year should not be behind this figure

You are very conservative. They’ve made N20.71 as at 9M which comes to about 27.6 EPS annualized. They plan to pay out 60% of distributable income. 90% of what was earned this year is distributable compared to last year with FX revaluation gains. they can easily do 8+. Segun even said 15% dividend yield is what they’re targeting

Agbalowomeri:
But that was expected
If they can maintain a full year EPS of 15-20 and pay dividends N5-6 that should be good.
Ultimate, I expect banks to trend down from here

Utalinmou:
It is easy for manufactures to add up the vat as production cost. And good luck with them getting the rebate. only the big guys can push their way through.

When insincere people are after you they'll paint a brick like a bread until you give it a bite

I pity bludy civilians like me.
Churches needs to be listed on ngx because from next year, all things being equal they'll BOOM.

No be dat kain boom Ooo

Sunrisepebble:
You are very conservative. They’ve made N20.71 as at 9M which comes to about 27.6 EPS annualized. They plan to pay out 60% of distributable income. 90% of what was earned this year is distributable compared to last year with FX revaluation gains. they can easily do 8+. Segun even said 15% dividend yield is what they’re targeting

15% dividend yield without reference to the stock price.

How is that possible?

Streetinvestor2:
U want him to send such to one guy on that list that his brain is in his bumbum..lol
B....guy

Spokesman work no too dey flexible..

emmanuelewumi:
15% dividend yield without reference to the stock price.

How is that possible?

At dividend yield of 15%, that means the stock should sell for 6.7 times of the total dividend declared

Sunrisepebble:
You are very conservative. They’ve made N20.71 as at 9M which comes to about 27.6 EPS annualized. They plan to pay out 60% of distributable income. 90% of what was earned this year is distributable compared to last year with FX revaluation gains. they can easily do 8+. Segun even said 15% dividend yield is what they’re targeting

His 15% dividend yield statement is meaningless. What would be the reference SP?