₦airaland Forum

Key highlights from Lafarge Africa confernce call

* Planned CAPEX spend for the 4.5mtpa extension of current facilities to cost $250 million
* Planned timeline for completion is 12 months, to be commissioned by December 2026
* To be financed by internal cash flows
* Also, basically confirmed that planned expansion will not affect their drive for returning value to shareholders (Dividends)
* Hinted at possibly more expansion after this current one. State that Huaxin views Nigeria as one of its most important markets outside China and is committed to the long-term. Also hinted that export is an avenue they could explore after expansion
* The expansion will not affect their debottlenecking initiatives, at least in the meantime, as they work towards unlocking more value at current capacity. State capacity utilisation rate at 66%
* Cost optimisation and sustainability initiatives are gaining traction and are already helping the company. Alternative fuel substitution rate at 15%, 500 CNG trucks commissioned. Partnered with LAWMA to convert solid waste to alternative energy at some of their current plants. Although key material inputs, such as gypsum and spare parts, which are imported, remain elevated and face potential supply disruption, their own cost optimisation initiatives will be key to maintaining strong margins amid stable prices
* Innovative product offerings were key to volume accretion. Ecocrete and EcoPlanet cement, which use less carbon in production and were introduced in the past year, accounted for 27% of total sales.

Sunrisepebble:
Wapco is our retirement stock

Sunrisepebble:
Key highlights from Lafarge Africa confernce call

* Planned CAPEX spend for the 4.5mtpa extension of current facilities to cost $250 million
* Planned timeline for completion is 12 months, to be commissioned by December 2026
* To be financed by internal cash flows
* Also, basically confirmed that planned expansion will not affect their drive for returning value to shareholders (Dividends)
* Hinted at possibly more expansion after this current one. State that Huaxin views Nigeria as one of its most important markets outside China and is committed to the long-term. Also hinted that export is an avenue they could explore after expansion
* The expansion will not affect their debottlenecking initiatives, at least in the meantime, as they work towards unlocking more value at current capacity. State capacity utilisation rate at 66%
* Cost optimisation and sustainability initiatives are gaining traction and are already helping the company. Alternative fuel substitution rate at 15%, 500 CNG trucks commissioned. Partnered with LAWMA to convert solid waste to alternative energy at some of their current plants. Although key material inputs, such as gypsum and spare parts, which are imported, remain elevated and face potential supply disruption, their own cost optimisation initiatives will be key to maintaining strong margins amid stable prices
* Innovative product offerings were key to volume accretion. Ecocrete and EcoPlanet cement, which use less carbon in production and were introduced in the past year, accounted for 27% of total sales.

GeneralDae:
IRAQI OIL PRODUCTION FROM SOUTHERN OILFIELDS FALLS TO 1.3 MILLION BPD FROM AROUND 4.3 MILLION BPD - THREE SOURCES SAY

Oil prices likely to begin above $96 per barrel (from $93 on Friday ) in a few hours.

Israel has bombed and destroyed Iran's four oil depots and refineries

Long term, you want peace of mind, you want growth, you want consistent yearly dividend?

Answer: Dangote Cement

Follow The Money

Brent and WTI crude over $100

Oil has jumped to $106 per barrel.

Now 109

Bigdeal01:
Oil has jumped to $106 per barrel.

Oil to the moon !

Will Oando follow, or remain on Earth ?

Dd fst b4 u Ji.

Bigdeal01:
Oil has jumped to $106 per barrel.

only people profiting from this are gubbmint and corp tards. the average seun will start seeing premium shege.

I’ve just shared my latest thoughts on the current global macro environment and its specific implications for the average Nigerian investor.

In the post, I dive into how shifting geopolitical alliances and the global energy transition are creating a unique set of challenges and opportunities for those of us navigating the local market. Whether you're focused on the NGX or looking to diversify globally, there’s a lot to unpack regarding where the market is headed.

Please take a read and share your thoughts. I’d love to hear how others are positioning their portfolios in light of these trends

https://ngxforum.com/thread/124/marketwatch?page=3&scrollTo=538

nosa2:
I’ve just shared my latest thoughts on the current global macro environment and its specific implications for the average Nigerian investor.

In the post, I dive into how shifting geopolitical alliances and the global energy transition are creating a unique set of challenges and opportunities for those of us navigating the local market. Whether you're focused on the NGX or looking to diversify globally, there’s a lot to unpack regarding where the market is headed.

Please take a read and share your thoughts. I’d love to hear how others are positioning their portfolios in light of these trends

https://ngxforum.com/thread/124/marketwatch?page=3&scrollTo=538

I think shifting significantly from ngx now will be a big mistake but then it depends on the companies ones have in his/her portfolio.

I will rather continue to stay away from energy stocks coz it's been driven by speculation currently until the coast is clear.

I don't actually understand banking space like that so my exposure here is very minimal.

Consumer good company success is hinged on macros, I will stay away from the majority here for now.

I will rather stay with inflation edged companies on ngx with structural solutions n financial services companies as I believed they have better access n expertise to make good economic decisions.

We watch the progress of the conflict but sincerely nothing much to be scared about as a Nigerian for now.

I have been thinking about the impact of it n will continue to as new events unfolds.

crownprince2017:
I think shifting significantly from ngx now will be a big mistake but then it depends on the companies ones have in his/her portfolio.

I will rather continue to stay away from energy stocks coz it's been driven by speculation currently until coast is clear.

I don't actually understand banking space like that so my exposure here is very minimal.

Consumer good company success is hinged on macros, I will stay away from the majority here for now.

I will rather stay with inflation edged companies on ngx with structural solutions n financial services companies as I believed they have better access n expertise to make good economic decisions.

We watch the progress of the conflict but sincerely nothing much to be scared about as a Nigerian for now.

I have been thinking about the impact of it n will continue to as new events unfolds.

lets have the conversation there

olig:
Now 109

Hmmm. I never see this kind jump before oh

megawealth01:
Yes... I paid most my school fees in my early investment days there

Oh! But with the current recapitalization I don't think any insurance stock would be less than N5 naira

https://open.spotify.com/episode/5FrFDdvLpeSKZF2D51ziPO

A few stocks I'd be watching closely in this week's trading session.

Monopoly.
Dangote no more a saviour of Nigerians and the best thing to happen to our economy. Dangote now a business man

jckgroup1:
Monopoly.
Dangote no more a saviour of Nigerians and the best thing to happen to our economy. Dangote now a business man

I don't think the recent hike in petrol price is because of monopoly rather the other side of deregulation.
The government should look for way to manage a very volatile petroleum price.

jckgroup1:
Monopoly.
Dangote no more a saviour of Nigerians and the best thing to happen to our economy. Dangote now a business man

Question for you.

Let's say the government had allowed those importers, where do you think they will get fuel from given the global supply chain problem due to the Iran war?
How do you think they will stabilise price in the face of subsidy removal and rising oil prices?

When subsidy is removed. prices follows the global price movements. Let's be intellectuals please.

Sunrisepebble:
Key highlights from Lafarge Africa confernce call

* Planned CAPEX spend for the 4.5mtpa extension of current facilities to cost $250 million
* Planned timeline for completion is 12 months, to be commissioned by December 2026
* To be financed by internal cash flows
* Also, basically confirmed that planned expansion will not affect their drive for returning value to shareholders (Dividends)
* Hinted at possibly more expansion after this current one. State that Huaxin views Nigeria as one of its most important markets outside China and is committed to the long-term. Also hinted that export is an avenue they could explore after expansion
* The expansion will not affect their debottlenecking initiatives, at least in the meantime, as they work towards unlocking more value at current capacity. State capacity utilisation rate at 66%
* Cost optimisation and sustainability initiatives are gaining traction and are already helping the company. Alternative fuel substitution rate at 15%, 500 CNG trucks commissioned. Partnered with LAWMA to convert solid waste to alternative energy at some of their current plants. Although key material inputs, such as gypsum and spare parts, which are imported, remain elevated and face potential supply disruption, their own cost optimisation initiatives will be key to maintaining strong margins amid stable prices
* Innovative product offerings were key to volume accretion. Ecocrete and EcoPlanet cement, which use less carbon in production and were introduced in the past year, accounted for 27% of total sales.

"partnered with LAWMA"?
does Larfarge have a plant in Lagos?

Question for you.

What happened to Naira for crude deal? What happened to locally sourced crude or does it come through the strait of Hormuz?

What happened to crude stock? What happened to refined stock? And Reserve if any? Has Nigerians consumed all?

Three or more Dangotes and Nigerians will be alright. Monopoly has never served or benefited the masses.

ghm:
Question for you.

Let's say the government had allowed those importers, where do you think they will get fuel from given the global supply chain problem due to the Iran war?
How do you think they will stabilise price in the face of subsidy removal and rising oil prices?

When subsidy is removed. prices follows the global price movements. Let's be intellectuals please.

jckgroup1:
Question for you.

What happened to Naira for crude deal? What happened to locally sourced crude or does it come through the straight of Hormuz?

What happened to crude stock? What happened to refined stock? And Reserve if any? Has Nigerians consumed all?

Three or more Dangotes and Nigerians will be alright. Monopoly has never served or benefited the masses.

ghm:
Question for you.

Let's say the government had allowed those importers, where do you think they will get fuel from given the global supply chain problem due to the Iran war?
How do you think they will stabilise price in the face of subsidy removal and rising oil prices?

When subsidy is removed. prices follows the global price movements. Let's be intellectuals please.

This is why not every post is worth indulging. Is Dangote Refinery not a business? Or is Nigerian crude being sold below the market price? It is reasonable that if you buy at a high price, you will also sell at a high price, unless there is evidence that Nigeria is still selling crude at around $60.

The only thing we need Dangote Refinery to do is keep producing and prevent scarcity, as long as we are supplying it with crude.

jckgroup1:
Monopoly.
Dangote no more a saviour of Nigerians and the best thing to happen to our economy. Dangote now a business man

Let's be grateful for supply at least.


The former scenario would have
Queues will ravage fuel stations and workers will be forced to stay at home or walk to office..
Even with subsidy in place, time lags and gap between importation and distribution would cause scarcity, hoarding, this price increase would have been child's play.

Also what's the Guarantee NNPCL will see sufficient quantity to buy for the population..
Currently, It's more like an auction/highest bidder out there rather than free open market of choice.

Point is, the little benefit we have is that we have availability.


2) if NNPC quota from all their joint venture contracts is enough to supply Dangote's 650,000 barrels capacity
➕ with the naira for crude deal still in place...

We may not even have an increase in retail prices..
Worse case just 5-10% jolt.


3) Our external reserves go hear am....
Na negative territory we for dey.

ositadima1:
This is why not every post is worth indulging. Is Dangote Refinery not a business? Or is Nigerian crude being sold below the market price? It is reasonable that if you buy at a high price, you will also sell at a high price, unless there is evidence that Nigeria is still selling crude at around $60.

The only thing we need Dangote Refinery to do is keep producing and prevent scarcity, as long as we are supplying it with crude.

Exactly, my point.
Non-Scarcity itself is a relief.

It's so disappointing reading something so pedeastrian like this on this platform. Do you know what is going on in the world at all? Do you know what is called business? Don't you know that DR is a business? How many refineries do they have in the USA and other developed countries? Are they buying fuel in those countries at the same price now as it was before the Iran war?

jckgroup1:
Question for you.

What happened to Naira for crude deal? What happened to locally sourced crude or does it come through the straight of Hormuz?

What happened to crude stock? What happened to refined stock? And Reserve if any? Has Nigerians consumed all?

Three or more Dangotes and Nigerians will be alright. Monopoly has never served or benefited the masses.

WHAT WILL THE ALL SHARE INDEX DO TODAY!!!

This current energy crisis is a reality check on the global economy and the 'futile' drive to move away from fossil fuel. We are still largely dependent and will continue to depend on petrol for an indeterminable future.

jckgroup1:
Question for you.

What happened to Naira for crude deal? What happened to locally sourced crude or does it come through the straight of Hormuz?

What happened to crude stock? What happened to refined stock? And Reserve if any? Has Nigerians consumed all?

Three or more Dangotes and Nigerians will be alright. Monopoly has never served or benefited the masses.

Maybe you do not know the supply to dangote isnt enough. Dangote was patriotic enough to accept Naira for crude deal despite location in a free trade zone. The question is why isn't supply from NNPCL enough for the DR capacity?

And yes, he's also a businessman with investors and creditors on his neck.
So he also needs to export.
Should he loose all the benefit of the free trade zone after all the dredging, sand filling and strategic positioning?
He's been magnanimous enough but also he's a businessman. Nothing wrong balancing both worlds the best he could..

Maybe you dont know we're still paying off dollar loans from afre Exim Bank via NNPCL crude and other trade by barter deals since 2021 and 2023.
(Forward contracts).


If there's a Reserve, that's on GOVT to flood the country with it and not Dangote. Why blame him is the nations reserve in DR custody?


strait of Hormuz?
Didn't you read previous when Dangote complained of IOCs in Nigeria (Shell, Chevron, mobil, etc) not selling crude directly to him from Nigeria?
They prepare to warehouse the crude in their depot overseas and force DR to buy at selling price and also incure shipping cost through strait of Hormuz or other paths to his refinery. Exposing DR to the international chaos.
What should DR do, since NNPCL quota from JV isn't enough?
Shouldn't FG intervain?

The IOCs are also in their right cuz they are here for business also NOT charity.
So therefore, i think the bulk of solution lies on FG's table to meditate on behalf of the masses NOT Dangote and DR.


You can also enlighten us by answering his questions as well since you probably know sth we don't.

GeeKudi:
This current energy crisis is a reality check on the global economy and the 'futile' drive to move away from fossil fuel. We are still largely dependent and will continue to depend on petrol for an indeterminable future.

Certainly. Let's say we stop using petrol in mechanical engines including automobiles, what of industrial chemicals, fertilisers and the numerous petroleum products? The future of it is certainly indeterminable as we speak.

chimex38:
Maybe you do not know the supply to dangote isnt enough. Dangote was patriotic enough to accept Naira for crude deal despite location in a free trade zone. The question is why isn't supply from NNPCL enough for the DR capacity?

And yes, he's also a businessman with investors and creditors on his neck.
So he also needs to export.
Should he loose all the benefit of the free trade zone after all the dredging, sand filling and strategic positioning?
He's been magnanimous enough but also he's a businessman. Nothing wrong balancing both worlds the best he could..

Maybe you dont know we're still paying off dollar loans from afre Exim Bank via NNPCL crude and other trade by barter deals since 2021 and 2023.
(Forward contracts).


If there's a Reserve, that's on GOVT to flood the country with it and not Dangote. Why blame him is the nations reserve in DR custody?


strait of Hormuz?
Didn't you read previous when Dangote complained of IOCs in Nigeria (Shell, Chevron, mobil, etc) not selling crude directly to him from Nigeria?
They prepare to warehouse the crude in their depot overseas and force DR to buy at selling price and also incure shipping cost through strait of Hormuz or other paths to his refinery. Exposing DR to the international chaos.
What should DR do, since NNPCL quota from JV isn't enough?
Shouldn't FG intervain?

The IOCs are also in their right cuz they are here for business also NOT charity.
So therefore, i think the bulk of solution lies on FG's table to meditate on behalf of the masses NOT Dangote and DR.


You can also enlighten us by answering his questions as well since you probably know sth we don't.

Yes. Most of the IOCs also have refineries. There was a time that one of them have 30 refineries (before divesting some of them). They won't ground their own interests because their host countries now have a functioning refineries.

GeeKudi:
This current energy crisis is a reality check on the global economy and the 'futile' drive to move away from fossil fuel. We are still largely dependent and will continue to depend on petrol for an indeterminable future.

you gerrit....
Green energy is still quite far from domination.

LOCO MARKET CONTROL DESK – INSURANCE SECTOR UPDATE
PRE-MARKET OUTLOOK
Monday, 9 March 2026

---

3-LINE MARKET INSIGHT

The NGX Insurance sector enters the new week after a healthy pullback, with the Index still holding above the 1,300 structural support zone.
Despite the broader Nigerian stock market rally, the insurance index recently showed relative weakness, declining about 2.33% during the week, suggesting consolidation before the next move.
However, the long-term outlook remains positive as the insurance sector has been one of the strongest-performing sectors on NGX, gaining over 65% in 2025, driven largely by recapitalization expectations.

---

NGX INSURANCE INDEX STRUCTURE (LOCO FRAMEWORK)

Previous Close
1,334.36

Major Support
1,300 — Bullish thesis invalidation level

Immediate Support
1,320

Resistance Levels
1,350 — Pre-breakout corridor
1,380 — Upper corridor
1,400 — Major sector breakout

Market Phase
Accumulation / Consolidation before expansion

---

PRE-MARKET SENTIMENT

Sector Mood
Neutral to Slightly Bullish

Interpretation

The insurance sector is cooling after recent speculative rallies in smaller stocks while institutional leaders stabilize the index.

This pattern typically precedes capital rotation within the sector.

---

TIER-1 LEADERSHIP WATCH

Custodian Investment Plc
NEM Insurance Plc
AXA Mansard Insurance Plc

These three stocks remain the primary drivers of the NGX Insurance Index.
A strong move in any of them could push the sector back toward 1,350–1,380.

---

SHORT-TERM MOMENTUM WATCH

AIICO Insurance Plc
LASACO Assurance Plc
Veritas Kapital Assurance Plc
WAPIC Insurance Plc
Mutual Benefits Assurance Plc

These remain the most liquid trader-focused insurance stocks.

---

EXTENDED MOMENTUM WATCH

FTGINSURE (Fortis Global Insurance Plc)
Sovereign Trust Insurance Plc

These two stocks have already recorded strong short-term rallies, attracting speculative trading interest.

Traders may watch for:

• consolidation
• profit-taking
• continuation breakouts

before fresh entries.

---

SPECULATIVE RECAPITALIZATION WATCH

Regal Insurance Plc
Guinea Insurance Plc
Universal Insurance Plc
Prestige Assurance Plc

These stocks often move later in recapitalization cycles when speculative capital spreads across the sector.

---

ROYAL EXCHANGE TACTICAL WATCH

Royal Exchange Plc
Price: ₦1.88

Key Zone
₦1.80 – ₦2.00 consolidation band

Breakout Trigger
₦2.20 – ₦2.40

Volume expansion above 12M shares would signal renewed positioning.

---

NEXT-DAY TRADING LEVELS (INDEX)

Bullish Scenario
Index pushes above 1,350 → possible move toward 1,380

Neutral Scenario
Sideways consolidation 1,320 – 1,350

Bearish Scenario
Break below 1,300 invalidates the bullish recap structure.

---

TODAY’S MONEY FOCUS

Institutional Money
Custodian
NEM
AXA Mansard

Trader Liquidity
AIICO
LASACO
Veritas
WAPIC

Speculative Activity
FTGINSURE
Sovereign Trust

---

LOCO’S TACTICAL PRE-MARKET CONCLUSION

The insurance sector begins the week in controlled consolidation above the critical 1,300 support zone.

Recent rallies in smaller insurance stocks suggest speculative capital is already rotating into the sector ahead of recapitalization deadlines, while institutional stocks continue to anchor the index.

A decisive push above 1,350 could reopen the path toward the 1,380–1,400 breakout corridor.