₦airaland Forum

Your thought is based on an assumption of ambiguity. Chukaaaaaa Ellahhh 4x? 3x2x. From now on, freefall is predicted.
No ordinary retail investor would ever trust Mr. Chuka again.
This is exactly what happened with ETI. In 2008, the bank floated a successful public offer in dollars. A few years later, it betrayed its Nigerian investors.
I can tell you for free: the bank is still struggling to win back retail investors.

chimex38:
Based on what has happened, I don't believe that last statement either. I suspect within the same next 12months, The insiders PO participants might just do another round of hype to pump the stock again to x3 or x4 to sell their remaining share holdings to recoup the PO funds..

nosa2:
If I ever reinvest in this company I will do it only if I have the ability to buy a large enough stake to fire management.

The current management is made up of bankers and financial engineers not farmers and industrialists. They have a wonderful plan but they just need to shut up and focus on execution. Farming is not sexy business, it is a slow process but it is extremely profitable.


PS did you buy some ETI today?

You forgot to add bankers financial engineers and lastly scamers to complete the description

emmasoft:
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Flutterwave just became a Bank. IPO soon?

“Industry analysts view the banking license as a “de-risking” event critical for a potential Initial Public Offering (IPO). Securing a direct license signals a high level of regulatory trust from the CBN, particularly as the company joins the 2026 AML (Anti-Money Laundering) Pilot program for fintechs.”

Valthegreat:
Please how many percent is their buying and selling charges?

Broker's commission is 1.35% of the consideration, others are the usual statutory charges - CSCS FEES, VAT, CONTRACT STAMP, SEC FEES etc

https://doclib.ngxgroup.com/Financial_NewsDocs/46582_WEMA_BANK_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf

WEMA BANK

DIV #1.25

Streetinvestor2:
You forgot to add bankers financial engineers and lastly scamers to complete the description

I don't see any scam here oh

CBN: 33 of 37 Banks Met New Capital Requirements, Raised N4.65trn

https://www.thisdaylive.com/2026/04/02/cbn-33-of-37-banks-met-new-capital-requirements-raised-n4-65trn/

WOW

GeneralDae:
Flutterwave just became a Bank. IPO soon?

“Industry analysts view the banking license as a “de-risking” event critical for a potential Initial Public Offering (IPO). Securing a direct license signals a high level of regulatory trust from the CBN, particularly as the company joins the 2026 AML (Anti-Money Laundering) Pilot program for fintechs.”

CHAI

Mankind2024:
Your thought is based on an assumption of ambiguity. Chukaaaaaa Ellahhh 4x? 3x2x. From now on, freefall is predicted.
No ordinary retail investor would ever trust Mr. Chuka again.
This is exactly what happened with ETI. In 2008, the bank floated a successful public offer in dollars. A few years later, it betrayed its Nigerian investors.
I can tell you for free: the bank is still struggling to win back retail investors.

https://www.youtube.com/watch?v=nMC6vtMTibw

Ngx daily market summary for today.

Excellent news

GeneralDae:
Flutterwave just became a Bank. IPO soon?

“Industry analysts view the banking license as a “de-risking” event critical for a potential Initial Public Offering (IPO). Securing a direct license signals a high level of regulatory trust from the CBN, particularly as the company joins the 2026 AML (Anti-Money Laundering) Pilot program for fintechs.”

Mankind2024:
Your thought is based on an assumption of ambiguity. Chukaaaaaa Ellahhh 4x? 3x2x. From now on, freefall is predicted.
No ordinary retail investor would ever trust Mr. Chuka again.
This is exactly what happened with ETI. In 2008, the bank floated a successful public offer in dollars. A few years later, it betrayed its Nigerian investors.
I can tell you for free: the bank is still struggling to win back retail investors.

No be Ellah again, they will try and find a way to do the multipless..
the x multiples won't be now of course.. 12months still far.

Traders are on standby .

I set a Limit buy on MTN at 715 today. At exactly close of market, it executed at…N709. I just noticed the price now. Is that a thing that happens abi na system error from my broker?

Ongoing & Upcoming Rights Issue

1. Linkage Assurance (RI of 2 for 3)
RIP: N1.32
RIA: 12,320,000,000 Ordinary shares
QD: Jan 22
OD: Mar 11
CD: Apr 23
CMP (As at Apr 2): N1.46
Reg: Apel
L2RI: https://www.linkage.apel.com.ng/


2. Guinea Insurance (RI of 2 for 3)
RIP: N1.10
RIA: 5,295,200,000 Ordinary shares
QD: Jan 21
OD: Mar 25
CD: May 1
CMP (As at Apr 2): N1.15
Reg: Cardinalstone
L2RI: https://r.reports.cardinalstone.com/mk/cl/f/sh/28xHLtxZQ0KqQgissqrLwjo3m2x9qhZu65/mBz3WrgbDU8_


3. LASACO Assurance (RI of 5 for 6)
RIP: N2.00
RIA: 9,236,321,546 Ordinary shares
QD: Feb 20
OD: Apr 2
CD: Apr 24
CMP (As at Apr 2): N2.19
Reg: Apel
L2RI: N/A


4. Neimeth (RI of 1 for 7)
RIP: N4.00
RIA: 610,443,515 ordinary shares
QD: Feb 2, 2026
OD: ?? (NYO)
CD: ?? (NYO)
CMP (As at Apr 2): N10.00
Reg: Meristem
L2RI: N/A
(Note: Rights Issue has not yet commenced)


5. Oando (RI of 1 for 2)
RIP: N50.00
RIA: 4,415,867,342 new ordinary shares
QD: Feb 13
OD: ?? (NYO)
CD: ?? (NYO)
CMP (As at Apr 2): N48.50
Reg: First
L2RI: N/A
(Note: Rights Issue has not yet commenced)


6. Sunu Assurances (RI of 5 for 14)
RIP: N4.50
RIA: 2,075,285,714 new ordinary shares
QD: N/A
OD: ?? (NYO)
CD: ?? (NYO)
CMP (As at Apr 2): N4.65
Reg: Crescent
L2RI: N/A
(Note: Rights Issue has not yet commenced)


7. Universal Insurance (RI of 1 for 6)
RIP: N1.20
RIA: 2,666,666,667 Ordinary shares
QD: Mar 30
OD: ?? (NYO)
CD: ?? (NYO)
CMP (As at Apr 2): N1.20
Reg: Carnation
L2RI: N/A
(Note: Rights Issue has not yet commenced)



Note to Acronyms:

RI: Rights Issue
PO: Public Offer
RIP: Rights Issue Price
RIA: Rights Issue Amount
PIA: Public Issue Amount
POP: Public Offer Price
OD: Opening Date
CD: Closing Date
CMP: Current Market Price
N/A: Not Available
NYO: Not Yet Opened
L2RI: Link to the Rights Issue
L2PO: Link to the Public Offer
Reg: Registrars

deathwing:
I set a Limit buy on MTN at 715 today. At exactly close of market, it executed at…N709. I just noticed the price now. Is that a thing that happens abi na system error from my broker?

What a buy limit actually means is that you are instructing the system to have a deal if the price is lower or exactly your set price limit otherwise no deal. So it's possible you can buy lower than the price you set.
It's opposite for a sell limit. For a sell, you are instructing the system to sell at a price higher than or equal to your set price.

NGX Corporate Actions, Dividends, Bonuses And AGM Schedule (April – July 2026)


https://ebeanonews..com/2026/04/ngx-corporate-actions-dividends-bonuses.html?m=1

We are monitoring the situation

chimex38:
No be Ellah again, they will try and find a way to do the multipless..
the x multiples won't be now of course.. 12months still far.

Traders are on standby .

emmasoft:
What a buy limit actually means is that you are instructing the system to have a deal if the price is lower or exactly your set price limit otherwise no deal. So it's possible you can buy lower than the price you set.
It's opposite for a sell limit. For a sell, you are instructing the system to sell at a price higher than or equal to your set price.

Ah I see. Thanks a bunch. First time this has happened to me. Wonder why the price fell so drastically from 720 to 709 in a blink.

new4peter:
SCARE TACTICS as at today 2nd April 2026 who are the majority share holders?
who is working hard to scare people away so as to sell their shares for peanut
the sudden return of people money after getting a juicy opportunity should be investigated

The result is not that bad oh, just that the stock price is in another galaxy. This is a N1-N2 stock at best. It should have been a N3-N4 if they hadn't wasted billions they don't have in that silly public offer. They carried money they couldn't afford to lose chasing what they had no business chasing.

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nosa2:
The result is not that bad oh, just that the stock price is in another galaxy. This is a N1-N2 stock at best. It should have been a N3-N4 if they hadn't wasted billions they don't have in that silly public offer. They carried money they couldn't afford to lose chasing what they had no business chasing.

Jokers think say 250 billion na beans. They no even see 10 billion..lol
I remember how people here said it was possible with thr new person. See yeye people that can't even rent decent office. They will soon sell that thing they call mill to scrap guys..lol

Streetinvestor2:
Jokers think say 250 billion na beans. They no even see 10 billion..lol
I remember how people here said it was possible with thr new person. See yeye people that can't even rent decent office. They will soon sell that thing they call mill to scrap guys..lol

😂😂😂😂

The Kpakus discussions have been a very funny part of this thread. I joined NGX around when it started and I had very good laughs. I didn’t know Ellahlakes since I was mostly a US stocks person, but I thought it fascinating that people believed that a company worth almost nothing could raise 250bn just like that…putting themselves in the same leagues as PRESCO that has been here for decades….even possibly dragging the same acquisition.

Thank you all for the laughs.

Many people kept saying they believed in Chuka Mordi, as if he was the former CEO of JP Morgan. Oh well. We have seen the end of it.

Byankee:
https://doclib.ngxgroup.com/Financial_NewsDocs/46582_WEMA_BANK_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf

WEMA BANK

DIV #1.25

This dividend payment is actually below expectations. Frankly poor.

emmasoft:
More details on the margin loan

3.5% per month should be 42% per annum. This is too expensive oooo

Slammmmmmmm:
This dividend payment is actually below expectations. Frankly poor.

Totally agree with you.

With this shikini dividend declared now, the only hope for the share price to move is the expected news of their merger with the other crippled bank, Polaris I think.

Byankee:
https://doclib.ngxgroup.com/Financial_NewsDocs/46582_WEMA_BANK_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf

WEMA BANK

DIV #1.25

If this is the best stunt WEMA Bank can pull, why is it then trading above my ACCESSBANK ? No matter the London properties acquired by the Late Wigwe i don't see ACCESSBANK paying any dividend less than N2.00k. People just sit in the comfort of their bedroom and start hyping a stock. We continue to await the results of Banks.

Take this one hold body before CBN releases the chokehold.

https://www.nairaland.com/8646897/zenith-bank-leads-structural-transformation

presiade:
Take this one hold body before CBN releases the chokehold.

https://www.nairaland.com/8646897/zenith-bank-leads-structural-transformation

What a man can do, a woman can even do better. I give it up for the MD CEO Adaora of Zenith Bank. I await the final dividend of nothing less than N8.75k to bring the total dividend to N10.00k for 2025 financial year.

I still regret a beautiful move that I almost made sometime in July when I had mapped out strategy to convert all my other Banking stocks to Zenith Bank ( selling around N64) for a better consolidation. Then, i had no more money to bring to the stock market. I was only trying to rebalance my portfolio. But, be that as it may. I will enjoy my holding with Zenith Bank and continue to top it up for better yearly dividend.

Proposed Dividend:
The Board of Directors proposes the declaration of a dividend derived from the Bank’s earnings for the
current financial year, underscoring the Bank’s robust operating results. This recommendation is subject to
ratification at the Annual General Meeting. In accordance with applicable regulatory guidelines, the dividend
shall be distributed exclusively from the audited profits for the year ended 31 December 2025, and not from
accumulated reserves. This approach is consistent with the Bank’s established dividend policy and is
designed to deliver continued value to shareholders

Pursuant to the authority vested by Section 426 of the Companies and Allied Matters Act, 2020, the Directors
recommend a dividend of 125 kobo per share, payable from retained earnings as at 31 December 2025, in
full compliance with all regulatory requirements.
Compliance with the CBN Circular on Dividend Payment
The proposed dividend payment complies with the requirements set forth in the CBN Circular on Internal
Capital Generation and Dividend Payout Ratios.
The Directors hereby seek to pay dividend based on the following justifications:
• The Bank has substantially complied with all provisions of the CBN Circular on dividend payments and
is not in breach of any regulatory requirements.
• The proposed dividend distribution will not have an adverse impact on any of the Bank’s key financial
ratios.
• The dividend proposal has undergone a thorough review and has been duly approved by the Board of
Directors, following a comprehensive risk assessment and careful consideration of prevailing economic
conditions.

*the above is excerpt from wema bank FS, to declare dividend now is war, CBN is choking the banks*
quote author=jonnysessy post=138976776]

If this is the best stunt WEMA Bank can pull, why is it then trading above my ACCESSBANK ? No matter the London properties acquired by the Late Wigwe i don't see ACCESSBANK paying any dividend less than N2.00k. People just sit in the comfort of their bedroom and start hyping a stock. We continue to await the results of Banks.[/quote]