₦airaland Forum

megawealth01:
You don't know the HISTORY of OANDO na why

u wey know the history but i told you it will hover arnd 50 till the RI is done you are arguing then. has it left the 50 anchor yet??

i beg make una let wale breatheeeeeeeeeeeeeeee

Mankind2024:
Newgold ETF Enters Arbitrage Territory Between Nigeria and South Africa.
Newgold, an exchange-traded fund (ETF), issued by ABSA is now the focus of a notable cross-border arbitrage opportunity.
It is primarily listed on the Johannesburg Stock Exchange (JSE) in South Africa and secondarily listed on the Nigerian Exchange (NGX) in Nigeria.
I have been closely monitoring this low-volume ETF on the NGX since January 2026. The price action reveals a striking divergence: on the NGX, Newgold appears to be artificially pumped, with its market price rising sharply and seemingly defying normal downward pressure. In contrast, the identical ETF is in free fall on the JSE, where the price has dropped significantly.
Credit to South African traders (including those using ABSA platforms). By exploiting this price gap, they are legally converting Nigerian naira into South African rand — effectively absorbing scarce foreign exchange from Nigeria’s already limited reserves.
I believe the NGX should take urgent regulatory or operational steps to address this imbalance.
Current prices (as observed):
On the NGX: ₦186,000 – ₦196,000 per unit
On the JSE: R700 – R740 per unit
Fair-value comparison (using Oanda exchange rates):
₦180,000 ≈ R2,229
R700 ≈ ₦56,384
In other words, based on the JSE price and current exchange rates, the true fair value of Newgold on the NGX should be no higher than ₦56,000 – ₦58,000. The ETF is currently trading at more than three times that level on the Nigerian exchange.
This significant premium creates a clear arbitrage window for traders who can navigate the currency and settlement differences between the two markets. Investors should monitor the situation closely, as any corrective action by the NGX or a convergence in prices could rapidly close the gap.

Wouldn't arbitrage in this case be when they are selling at NGX to buy in SA? I asked because it is assumed to be overpriced on NGX currently. I'm not sure if there is anything like quarterly reports with these ETFs, so it's hard to say what the price is supposed to be.

I saw unusual movement in that ETF recently. In fact, some folks exhancged it at N5m per unit a few weeks ago. I even placed a few at that price that didn't fill.

Before that time, the ETF was apparently not obeying the 10% rule and could jump erratically. This has been fixed but it's still not obeying the 100k units. I will assume that all the ETFs don't.

AIICO
** One of the cheapest Insurance Stock
* From my layman's view

https://doclib.ngxgroup.com/Financial_NewsDocs/46520_AIICO_INSURANCE_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MARCH_2026.pdf



CHI PLC
https://doclib.ngxgroup.com/Financial_NewsDocs/46533_CONSOLIDATED_HALLMARK_HOLDINGS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf

mikeapollo:
The first was 1 for 12 (8.3% yield)
The second is approx. 2 for 29 (6.827%)

They miss the exact ratios and percentages in some fractions

Thank you Oga Mike. i got the ratios wrong.


but make dem sha let Wale breatheeeeeeeeeeeeeeeeeeee

WALE push OANDO up so it can compete with ARADEL at least

megawealth01:
WALE push OANDO up so it can compete with ARADEL at least

That will be after we don finish our RI

I sight stockfish (Omatek)

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/46518_FIDSON_HEALTHCARE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MARCH_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/46517_INDUSTRIAL_AND_MEDICAL_GASES_NIGERIA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MARCH_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/46515_BETA_GLASS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MARCH_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/46508_IKEJA_HOTEL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MARCH_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/46528_OMATEK_VENTURES_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/46530_VFD_GROUP_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf

Postion on NAHCO

megawealth01:
I sight stockfish (Omatek)

Bros any news on providus and unity matter

Please do CWG registrars ( cordros)have office in the mainland??

They will OPEN any moment from now...

Bizibi:
Bros any news on providus and unity matter

Imagine UNITY BANK listing at 12 naira

That listing price will make me not forget jagaban in a hurry

Someone here said Oando will give dividends this year... @Ba...

If these two entities does well this year omo na jagaban hand work ooooo

Krisuba:
Please do CWG registrars ( cordros)have office in the mainland??

Open Monday to Friday, from 8:00 AM to 5:00 PM, excluding public holidays.

Lagos Island
21, 70, 110 Norman Williams Street, lkoyi, Lagos

Lagos Mainland
131, Ikorodu Road, Onipanu, Lagos

Abuja
2 Aba Close, Off Ogbomosho Street, Area 8, Garki, Abuja

Rivers
Globus Bank, Plot 467 Trans-Amadi Layout, Port Harcourt, Rivers

Kano
Globus Bank, 11A Murtala Muhammad Way, Kano

Which part of my comment did you deem careless, please? And what is the stock doing in response to the results you seem to like so much?

Are we looking at just the headlines or trying to understand the business? The fundamental story of Chams is that it's a low-margin price-taker. These results affirm that, and margins are headed in the wrong direction despite modest growth and brutal cost discipline. I'm sorry you like the stock, but that investment story is not a screaming buy.

yMcy56:
Pls don't make careless remarks just because you don't have the stock or you want to get back to someone.

Nothing is wrong with CHAMS result, in fact there's a lot of improvements there.
Revenue increased, PAT increased.

By the time the Court judgement is announced in favour of CHAMS, there'll be more revenue to do biz and CHAMS price will appreciate more.

What we are witnessing in the market shares of CHAMS may have a pointer to positive things.......Are you even following it at all?

I replied you here because I've been gotten chat messages asking me what you mean and what it implies...
* This forum is wider than we think, let's all desist from derogatory posts that could affect some investors negatively pls.

robobo:
That will be after we don finish our RI

Please when will that be if you are in the know.

megawealth01:
Someone here said Oando will give dividends this year... @Ba...

If these two entities does well this year omo na jagaban hand work ooooo

It is better they list at N10. Private Placement was at N8.
Sterling Bank is trading below N8

Listing at 10 naira is undervalued anyways

mikeapollo:
It is better they list at N10. Private Placement was at N8.
Sterling Bank is trading below N8

megawealth01:
Listing at 10 naira is undervalued anyways

Really?
Well, time will tell.
It is better undervalued so that investors can benefit more when the price appreciates

Is it possible to sell shares in the morning and receive the proceeds the same day? What is T + 2 for then?

mikeapollo:
It is better they list at N10. Private Placement was at N8.
Sterling Bank is trading below N8

Who says UNITY is coming back as UNITY?
The arrangement with PROVIDUS is acquisition.......and if it's merger, then the name cant come back as UNITY either.

As at now, we still needed update on the merger self.

CUSTODIAN

https://doclib.ngxgroup.com/Financial_NewsDocs/46537_CUSTODIAN_INVESTMENT_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf

DIV: ₦2.50

nicestlady:
Is it possible to sell shares in the morning and receive the proceeds the same day? What is T + 2 for then?

T+2 is talking about withdrawal of fund into your bank account, if you need to withdrawal some funds.
* T+2 means Time sold + 2 days after.

It's possible to sell shares in the morning and receive the proceed the second day.....but you'll have to pay some fees for processing it because it's not yet up to the settlement time/day.

yMcy56:
Who says UNITY is coming back as UNITY?
The arrangement with PROVIDUS is acquisition.......and if it's merger, then the name cant come back as UNITY either.

As at now, we still needed update on the merger self.

Whether Unity or Providus, is not the issue now.
What maters is the value when they list or do a PO

mikeapollo:
Whether Unity or Providus, is not the issue now.
What maters is the value when they list or do a PO

Who told you providus will list anytime soon?

T+1 starts on May 29th 2026.

mikeapollo:
Whether Unity or Providus, is not the issue now.
What maters is the value when they list or do a PO

Did PROVIDUS mention listing on NGX after merger?
Because what I read the last time was swapping of shares of UNITY for PROVIDUS at certain ratio or buyout of UNITY shareholders at 3.20 or so......the price UNITY attained at some point.

Normal activity. Where expecting the stock to remain in full bid for life?

Hopefully, a trend reversal will happen, but PT will still their thing.

isaacosas01:
.

My problem is the illiquidity.
None insiders who got in are struck. There is no bid to escape.

alfajohn:
Please when will that be if you are in the know.

Na only Wale and SEC know that one.

yMcy56:
Did PROVIDUS mentioned listing on NGX after merger?
Because what I read the last time was swapping of shares of UNITY for PROVIDUS at certain ratio or buyout of UNITY shareholders at 3.20 or so......the price UNITY attained at some point.

Several publications indicate they may list on NGX after the conclusion of the Unity acquisition/merger. Below is a sample
https://businessday.ng/markets/article/providus-bank-may-list-on-ngx-after-unity-bank-merger/