₦airaland Forum

emmanuelewumi:
It is not an insurance company. Custodian is a financial supermarket. They have a stockbroking firm, an asset management firm, insurance company, property development company and a REIT.

But listed in the insurance sector and volume and values added to the insurance index.
I love that.

deathwing:
Been reading up on this ANOH gas field stuff. Interesting. Does it still make sense to pile into SEPLAT at this price?

Wait for pullback
Thats after yearend div
And q1 Div

Good afternoon everyone. Pls how do I keep a buy order open on Morgan itrade for 1 week. Everytime I try to buy stanbic ibtc 30 etf the response is always no offer available on the market. Pls how do I keep the buy order open for a week and not just a day so that there's increased chance of getting the etf. Would really appreciate your prompt responses

Stockpromoter:
Drama… you could have bought Fortis at 79k but the fear of “holding the bag” stopped you. But in the insurance sector right now, there is hardly any company you can hold the bag for long.

All the insurance companies are currently fighting for recapitalization, strengthening their balance sheets and going through internal restructuring to meet the new capital requirements.

Because of this, most of them are repositioning for growth and attracting smart money into the sector.

Sometimes the real risk is not holding the bag… the real risk is waiting too long while the sector quietly rerates.

Noted

Please how much dividend was proposed and what's the qualifying date for the dividend?

mikeapollo:
Access submitted their report early with dividend proposal, which makes me feel that the performance is not bad.

https://open.spotify.com/episode/2Vvni3ljkOhDJbn8rIuewr

Midday trading Update on the NGX

nicestlady:
Please how much dividend was proposed and what's the qualifying date for the dividend?

They are yet to release results.The result has been forwarded to CBN their regulatory body who will review and give them go ahead if no issues of concern to go ahead to forward the result to SEC to release to the public

https://www.youtube.com/watch?v=GgvrZ8jHFR8

Ngx midday update

nicestlady:
Please how much dividend was proposed and what's the qualifying date for the dividend?

They have forwarded the result and proposed dividend to CBN for approval; will announce the amount and qualifying date later if CBN gives approval.

Brent crude just dey race since morning like say na today war just dey start.
May have jumped over $90 by the time you read this.

Does it matter for Oando?

There is FIRE 🔥 on the MOUNTAIN 🌄
RUN! RUN)!! RUN!!!

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
There is FIRE 🔥 on the MOUNTAIN 🌄
RUN! RUN)!! RUN!!!

BARGAIN HUNTERS TAKE NOTE!

You don sell oando naw
Na fire be next thing you sight?
Peterichy,the wisest man on earth.

We dey gidigbam for market till 2027.
Market is only at 50% capitalization.
Insurance sector and Dangote Refinery go add another 50% to the ASI index before 2027 election.

zendi:
Brent crude just dey race since morning like say na today war start.
May have jumped over $90 by the time you read this.

Does it matter for Oando?

It matters for all upstream oil companies and refineries.

emmanuelewumi:
It is not an insurance company. Custodian is a financial supermarket. They have a stockbroking firm, an asset management firm, insurance company, property development company and a REIT.

Why you no talk this thing since

Stockpromoter:
You don sell oando naw
Na fire be next thing you sight?
Peterichy,the wisest man on earth.

We dey gidigbam for market till 2027.
Market is only at 50% recapitalization.
Insurance sector and Dangote Refinery go add another 50% before 2027 election.

What is your take on UNIVERSAL ASSURANCE?

PETERiCHY:
What is your take on UNIVERSAL ASSURANCE?

Universal Insurance Plc – Recapitalization View for Traders

Universal Insurance is one of the smaller listed insurance companies on the NGX, but it has been gradually strengthening its balance sheet and operations in recent years.

The company currently has total assets of about ₦21.8 billion and shareholders’ funds around ₦14 billion with improving insurance revenue. This shows that the company is not distressed, but it still sits in the lower tier of the insurance sector compared with Tier-1 players like Custodian, NEM and AXA Mansard.

The biggest factor driving attention to Universal Insurance now is the ongoing insurance sector recapitalization in Nigeria.

The new capital requirements introduced by regulators require insurance companies to significantly increase their capital base before the recapitalization deadline in July 2026.

Universal Insurance has already activated its recapitalization strategy. Shareholders have approved plans to raise up to ₦15 billion through a combination of rights issue, private placement, public offering or other capital raising options. This shows the company is positioning itself early to meet the new capital requirement.

During recapitalization cycles, smaller insurers usually follow one of four paths:

1. Capital raise through rights issue or private placement
2. Entry of a strategic investor
3. Merger with another insurance company
4. Acquisition by a stronger player in the sector

Universal Insurance appears to be pursuing the capital raise route, which could strengthen its underwriting capacity and balance sheet if successfully executed.

When compared with some smaller insurance companies such as Guinea Insurance, Linkage Assurance or Regal Insurance, Universal generally appears stronger due to its larger balance sheet and clearer recapitalization strategy. However, it is still behind the Tier-1 leaders in the sector.

From a trading perspective, Universal Insurance is considered a speculative insurance stock. Stocks in this category often experience sudden price movements when sector momentum builds or when recapitalization news enters the market.

For traders watching the insurance sector, the key signals to monitor include capital raise announcements, entry of new investors, volume expansion in the stock and a broader breakout in the insurance index.

The recapitalization process is likely to reshape the entire insurance industry. Historically, recapitalization periods tend to attract speculative money into the sector as investors position ahead of mergers, acquisitions and capital injections.

Because of this, even smaller insurance companies can experience strong price movements during the cycle.

For traders, Universal Insurance should be seen as a speculative recapitalization play within the NGX insurance sector rather than a Tier-1 leadership stock.

Peterichy,you might also find this interesting

But Beware of dilution in their right issue(Red flag)

Universal Insurance Checklist – Loco Index Framework (Recapitalization Watch)

Universal Insurance is part of the NGX insurance basket being monitored under the recapitalization cycle. Within the Loco Index framework, the stock is treated as a Tier-2 speculative recapitalization candidate.

Below is the checklist traders should monitor.

1️⃣ Capital Strength Check
Universal Insurance shareholders have approved plans to raise up to ₦15 billion through rights issue, private placement or other capital raising options.
This is the most important signal because recapitalization is the main driver of sector re-rating.

✔ Watch for official capital raise announcement
✔ Watch for rights issue pricing and subscription level

2️⃣ Strategic Investor Possibility
During recapitalization cycles, smaller insurers sometimes attract strategic or foreign investors.

✔ Entry of institutional investors
✔ Private placement participation
✔ Board restructuring or strategic partnerships

This usually leads to balance sheet strengthening and potential stock re-rating.

3️⃣ Sector Alignment Check
Under the Loco Index Framework, no insurance stock rallies sustainably without sector confirmation.

Key level to watch:
NGX Insurance Index 1,400 breakout level

✔ Sector must hold above 1,300 support
✔ Pre-breakout corridor 1,350 – 1,380
✔ Breakout above 1,400 confirms sector momentum

If the sector breaks 1,400, Tier-2 stocks like Universal may follow.

4️⃣ Volume Accumulation Check
Accumulation is usually visible through volume behavior.

Signals to watch:

• Quiet accumulation sessions
• Gradual volume increase over multiple sessions
• Sudden volume spike during sector rally

Volume expansion normally precedes price momentum in small insurance stocks.

5️⃣ Recapitalization Outcome Possibilities
Universal Insurance may follow any of these recapitalization paths:

1. Successful capital raise
2. Strategic investor entry
3. Merger with another insurer
4. Acquisition by a stronger insurance group

Any of these outcomes can trigger speculative re-rating.

6️⃣ Trader Risk Awareness
Traders should also understand the risks.

⚠ Possible dilution from capital raise
⚠ Liquidity fluctuations
⚠ Recapitalization delays
⚠ Merger uncertainty

These factors can cause volatility.

Loco Tactical View

Universal Insurance fits into the speculative recapitalization basket within the NGX insurance sector. While it is not a Tier-1 leadership stock, recapitalization cycles historically push capital into smaller insurers as investors position for restructuring, capital injection and consolidation opportunities.[color=#990000][/color]

gabscity:
Why you no talk this thing since

@yMcy56
He needs some talking to

megawealth01:
I no see any nepotism for this government joor

After giving Egbetokun, a Yoruba man, an extended term as IGP contrary to the rules and law, it does not make any sense to give it to Tunde Disu, another Yoruba man, when there is someone like Frank Mba, who is very competent, articulate, credible, commands respect and confidence of the public and is not junior to the new IGP.

ARADEL. ±
CONOIL. ±
ETERNA. +10.00
OandO. +3.54%
SEPLAT. ±

mikeapollo:
It matters for all upstream oil companies and refineries.

It matters for the entire oil and gas value chain.
It is a cascade.

Starpro87:
It matters for the entire oil and gas value chain.
It is a cascade.

Yeah...but I limited myself to the primary stakeholders i.e. producers of crude (upstream companies) and the buyers (refineries)

mikeapollo:
After giving Egbetokun, a Yoruba man, an extended term as IGP contrary to the rules and law, it does not make any sense to give it to Tunde Disu, another Yoruba man, when there is someone like Frank Mba, who is very competent, articulate, credible, commands respect and confidence of the public and is not junior to the new IGP.

The right question to ask is if Disu is qualified? If he is and it was given to Mba instead, that will be nepotism also.

Most of us always fail to inderstand that many of the social vices we usually cited like ethnicity, nepotism, racism etc are 2-edged sword.

LOCO INSURANCE RADAR (LIR) – MARKET CLOSED EDITION
Date: 6 March 2026

NGX INSURANCE INDEX SUMMARY
Open: 1,342.55
High: 1,347.76
Low: 1,320.03
Close: 1,338.89
Change: -3.66 (-0.27%)

STRUCTURE LEVELS (LOCO FRAMEWORK)
Major Support: 1,300
Current Zone: 1,300 – 1,350 (Accumulation Corridor)
Pre-Breakout Corridor: 1,350 – 1,380
Breakout Level: 1,400

The NGX Insurance Index remains inside the accumulation corridor. Institutions typically position quietly in this zone before a sector breakout attempt.

SECTOR VOLUME & LIQUIDITY
Total Insurance Volume: 100,080,157 shares
Total Sector Value: ₦341,941,718.49

Loco Volume Benchmark
Below 100m – Quiet market
100m – 150m – Early accumulation
150m – 250m – Strong participation

Today's 100m sector volume sits exactly inside the early accumulation range, indicating continued positioning.

SECTOR BREADTH
Gainers: 8
Losers: 7
Unchanged: 4

Market breadth remains balanced but slightly positive.

INSURANCE STOCKS PRICE / CHANGE / VOLUME

AIICO Insurance — ₦4.20 (-1.18%) | Vol: 8,014,316
Consolidated Hallmark — ₦5.00 (+0.81%) | Vol: 3,241,865
Cornerstone Insurance — ₦5.95 (-0.83%) | Vol: 1,851,947
Custodian Investment — ₦81.90 (+6.64%) | Vol: 1,494,248
FTGINSURE — ₦1.49 (+9.56%) | Vol: 18,751,326
Guinea Insurance — ₦1.44 (+5.88%) | Vol: 3,779,299
LASACO Assurance — ₦2.44 (0.00%) | Vol: 1,937,973
Linkage Assurance — ₦1.79 (-0.56%) | Vol: 12,204,625
AXA Mansard — ₦16.50 (0.00%) | Vol: 408,981
Mutual Benefits — ₦5.20 (-0.38%) | Vol: 7,865,126
NEM Insurance — ₦32.60 (0.00%) | Vol: 638,386
Prestige Assurance — ₦1.61 (+0.63%) | Vol: 1,379,773
Regal Insurance — ₦1.24 (+3.33%) | Vol: 3,577,583
Royal Exchange — ₦1.88 (-0.53%) | Vol: 4,440,425
Sovereign Trust Insurance — ₦2.66 (-0.37%) | Vol: 4,493,289
SUNU Assurance — ₦4.79 (-1.03%) | Vol: 818,781
Universal Insurance — ₦1.39 (+1.46%) | Vol: 12,554,643
Veritas Kapital — ₦2.32 (+2.20%) | Vol: 22,291,010
WAPIC Insurance — ₦3.25 (-5.80%) | Vol: 1,336,217

TOP 3 INSURANCE GAINERS
FTGINSURE +9.56%
Custodian Investment +6.64%
Guinea Insurance +5.88%

TOP 3 INSURANCE LOSERS
WAPIC Insurance -5.80%
AIICO Insurance -1.18%
SUNU Assurance -1.03%

TIER 1 LEADERSHIP CONFIRMATION
Custodian Investment Plc — ₦81.90 | Vol: 1.49m | Strong leadership
NEM Insurance Plc — ₦32.60 | Vol: 638k | Stable
AXA Mansard Insurance Plc — ₦16.50 | Vol: 409k | Stable

Custodian remains the major leadership driver in the sector.

CAPITAL ROTATION WATCH
Capital rotation was observed into recapitalization-speculative counters including:

FTGINSURE
Veritas Kapital
Universal Insurance
Guinea Insurance

This indicates traders are positioning in smaller insurance companies expected to benefit from recapitalization developments.

DISTRIBUTION WARNING SIGNAL
No strong distribution detected.
The index decline occurred with moderate volume, suggesting consolidation rather than institutional exit.

NEXT MARKET WATCH LEVEL
Immediate Resistance: 1,350
Next Resistance: 1,380

A successful move above 1,350 could push the sector toward the 1,380 pre-breakout corridor.

BULLISH THESIS INVALIDATION LEVEL
Any sustained breakdown below 1,300 invalidates the bullish sector structure.

LOCO'S TACTICAL CONCLUSION

The NGX Insurance sector remains in the accumulation phase ahead of the recapitalization cycle.

Key signals from today's market:

Sector volume sits at the accumulation threshold (100m).
Custodian Investment Plc continues to provide Tier-1 leadership.
Capital rotation is visible in smaller recapitalization candidates.
The overall sector structure remains bullish as long as the index holds above 1,300.

If buying pressure strengthens and the index reclaims 1,350, the market could gradually approach the 1,400 breakout level in the coming weeks.

Both appointments you mentioned did not break any laaw...

mikeapollo:
After giving Egbetokun, a Yoruba man, an extended term as IGP contrary to the rules and law, it does not make any sense to give it to Tunde Disu, another Yoruba man, when there is someone like Frank Mba, who is very competent, articulate, credible, commands respect and confidence of the public and is not junior to the new IGP.

megawealth01:
I'm hearing rumours that Oando is about to skyrocket because political calculations don start? They say jagaban fit dey favour him nephew small small... If you bought Oando at sub40 just hold am right at your own RISK


Abeg na rumours oooooo... Wetin I dey talk sef?

DYOR

From a technical stand point, Oando has broken the N47 weekly resistance by closing above it today.

That's a valid break of structure (BOS), if price makes new high in the coming week without breaking the support at N40, then we are likely going higher.

That will confirm a market struture shift (change of character).

Thus, we may have seen the bottom and may be at the beginning of an uptrend.

Position trading stop loss would be below recent swing low at N35 and target above N90 mark. Entry below N50 (The lower, the better). Reward to risk is c.3:1 to 6:1 depending on entry point and trade execution costs.

All in, your rumours align with the stock's technical picture.

Disclaimer:
This is for educational purposes only and is by no means an investment advice.

Cheers 🍻

Iskalamong

.

.

Yes... I paid most my school fees in my early investment days there

lavylilly:
it's like you had a really bad experience with insurance stock

You will look for OANDO at #100+

Take this message as an advice at your own RISK

PETERiCHY:
There is FIRE 🔥 on the MOUNTAIN 🌄
RUN! RUN)!! RUN!!!

BARGAIN HUNTERS TAKE NOTE!