₦airaland Forum

Yoursfaithful:
Source: TheCable
https://share.google/IOdbOqD5ug8XvwfnG

EXCLUSIVE: FG cuts tariffs on cars, palm oil, sugar in new fiscal policy measures

Many moons ago I said we were at peak palm oil and many failed to understand. This is exactly what I meant.

Palm producers have enjoyed this subsidy for far too long. It has become unnecessary. Palm oil business will still be profitable just not as profitable as before.

Good day.

Please if l buy gtb shares on Monday 13th will l qualify for dividend??

Good day.

Please if l buy gtb shares on Monday 13th will l qualify for dividend??

I need the answer pls

Investcom:
Good day.

Please if l buy gtb shares on Monday 13th will l qualify for dividend??

I need the answer pls

Monday 13th April 2026 is the qualification date. You are very qualified to benefit from the dividend.

No bi me and you for Oando. You entered OANDO at your own RISK

Itzlinda:
okay I don hear. I go load some again Monday

I will also exit some oando and buy eti. I no de understabd megawealth01 political calculation again on oando

jonnysessy:
Monday 13th April 2026 is the qualification date. You are very qualified to benefit from the dividend.

If Monday is the qualification day and he buys on Monday, he will not qualify even if his father is DG of NSE and his mother DG SEC with his sister heading CSCS.

marvedu513:
How do you go about reclaiming Japan shares bought under sterling registrars, my mum bought it for me as a child, it’s been impossible trying to reach them so I can claim dividends

Do you mean Japaul?

With evidence, a visit to Sterling Registrar will fish out your shares for you and you will do biometrics and change all that will need changing.

ppogba:
If Monday is the qualification day and he buys on Monday, he will not qualify even if his father is DG of NSE and his mother DG SEC with his sister heading CSCS.

Xplain pls,...why will l not qualify. I thought t +2 applies to only sell. And buy is immediate credited to my cscs

nosa2:
Many moons ago I said we were at peak palm oil and many failed to understand. This is exactly what I meant.

Palm producers have enjoyed this subsidy for far too long. It has become unnecessary. Palm oil business will still be profitable just not as profitable as before.

On the contrary, I think tariff reduction here only highlights the huge supply deficit that exists in our palm oil industry. Nobody will be thinking of reducing tariff on palm oil if local production can satisfy the market. I believe imported palm oil will only fill the gap left by domestic supply and don’t forget the importers will still buy at international market rates.
I think Presco and Okomu will still ball, Presco especially with all the expansion drive.

Qualification Date (Date of Record): April 13, 2026. You must hold the shares at the close of business on this date.
Ex-Dividend Date: The shares will likely be marked down (go ex-dividend) on Tuesday, April 14, 2026, meaning purchases on or after that date will not receive the dividend.
Payment Date: The dividend is scheduled to be paid on April 28, 2026.

megawealth01:
No bi me and you for Oando. You entered OANDO at your own RISK

Na just banter 🤣

ppogba:
"Inconsistent policy effect".

There is no policy that will not favour some and wunjor others. Like they say, it is what it is.
One might argue that it is needed for political expediency especially since elections are coming but the truth is, cushion at any point in time is what Nigerians want irrespective of where it is coming from.

True sha..
Every policy will have new favourites.

Investcom:
Xplain pls,...why will l not qualify. I thought t +2 applies to only sell. And buy is immediate credited to my cscs

T plus wareva applies to BUYs too.

Investcom:
Qualification Date (Date of Record): April 13, 2026. You must hold the shares at the close of business on this date.
Ex-Dividend Date: The shares will likely be marked down (go ex-dividend) on Tuesday, April 14, 2026, meaning purchases on or after that date will not receive the dividend.
Payment Date: The dividend is scheduled to be paid on April 28, 2026.

You know this, why did you ask the question in the first place ? Don't let NSEMPA people confuse you. You are very correct.

jonnysessy:
You explanation is noted. But, i will prefer we are a bit more practical and use some specifics. Let take Zenith for example 1. Maybe, you exited at N100 thinking that there is no more upside ( remember, no one knows the highest a stock can go before it retraces). Now, in the market today Zenith is now N112. Please, how can you get back to your initial position as the stock is not showing signs of slowing down.

Another example is Seplat, in fact, i sold @ N7,500 because my average price was N5000. I was hoping it will drop to N6500, so that i can use the same money to acquire more units. But, unfortunately for me it is soaring higher. I can't use my proceeds to get back my position. The same Seplat is closer to N10,000 per unit than the N7,500 I sold. I eventually used the money to enter another stock.

I pointed you towards @KarlTom practical example yesterday, seems you didn't check on it.
Let me repost.

KarlTom:
I bought 100k units of DANGSUGAR at ₦30 (₦3million). My B.E. is around ₦30.50.

If I sold 50k units at ₦80 (₦4million)

When DANGSUGAR drops to ₦60, I buy back 60k units (₦3.6million)

I now have 110k units PLUS some change...

The process is pretty straightforward although entry/exit timing is paramount

PS: even if we use the highest buy/sell fees, the above scenario works

DR already has a fundamental flaw, after the peak of 80, with a not so impressive audited FY result, it was definitely going to fall back on account of that fundamental flaw..
Some witty investors can take the risk and sell and buy the drop.

As for Seplat and Zenith they don't have anything fundamentally wrong with them in virtually all core investor friendly fundamental parameters..
The risk is much higher to sell at their high expecting a dip for no reason on the stock..
(except one is expecting a general bear or long period of inactivity)


Also, Seplat pays dividend every quarter, it won't dip that much cuz there's always an anticipated income around the corner by investors. Also With its tight OS.
Oil price are currently higher than anticipated, so Seplat price is NOT significantly dropping soon.

Sector Push
What can push Seplat or Zenith down greatly is most general industrial news .
E.g $price of oil has dipped to $40/$50 per Barrel from $70-$80

Or like Zenith that was hovering around 57-60;
with sector forbearance news by CBN in June 2025 Zenith dropped to 43/45.
A long term active and witty risk taker investor on hearing this news and zenith being on the negative side of it can easily sell his holdings @57 and buy back at 45/46 if possible. Knowing fully that Zenith has a robust fundamental to clear any shortcomings and possibly bounce back.

DangSugaR moved in a general bull in January/February and boosted by the improved quarterly result. Once the FY audited was out, it was obvious it couldn't sustain the 80/share.
A long term investor could risk selling immediately, disciplined and patient enough to enter at a much lower price. It also has other strong fundamental areas to bounce back- Sector leader, scale, asset, good credit score, Agric, etc..
It works for stocks with inherent little/medium fundamental issues.

Presently for Zenith, I think even though QD for dividend is around the corner, so also is Q1 result expectant.. it might just hold for now and not drop until probably ending May 2026 where it might drop a bit due to probably inactivity.
It's massive OS is Zeniths only limitation moving up faster.

ppogba:
If Monday is the qualification day and he buys on Monday, he will not qualify even if his father is DG of NSE and his mother DG SEC with his sister heading CSCS.

This your father mother get as e be o. 😲
Lol.

* It's called the "last Qualification Date" for a reason
* The "Closure of Register Date" is also for a reason.

That said:
- If you buy on the last day of qualification, you qualified ... in as much as it's purchased before COB that date.....this time around, 13th April for GTCO

- The register of holders is closed from the day following, 14th April for same GTCO.

yMcy56:
This your father mother get as e be o. 😲
Lol.

* It's called the "last Qualification Date" for a reason
* The "Closure of Register Date" is also for a reason.

That said:
- If you buy on the last day of qualification, you qualified ... in as much as it's purchased before COB that date.....this time around, 13th April for GTCO

- The register of holders is closed from the day following, 14th April for same GTCO.

Oh, thank you Mummy GO.

Sunrisepebble:
So how does it compress their margins if steel is cheaper. I don’t understand

The steel tariff cuts will hit manufacturers and construction, not food producers. What actually affects BUA Foods and Dangote Sugar is the drop in sugar import tariffs from 70% to 55–57.5%, which weakens the duty protection their business models rely on.

chimex38:
I pointed you towards @KarlTom practical example yesterday, seems you didn't check on it.
Let me repost.


DR already has a fundamental flaw, after the peak of 80, with a not so impressive audited FY result, it was definitely going to fall back on account of that fundamental flaw..
Some witty investors can take the risk and sell and buy the drop.

As for Seplat and Zenith they don't have anything fundamentally wrong with them in virtually all core investor friendly fundamental parameters..
The risk is much higher to sell at their high expecting a dip for no reason on the stock..
(except one is expecting a general bear or long period of inactivity)


Also, Seplat pays dividend every quarter, it won't dip that much cuz there's always an anticipated income around the corner by investors. Also With its tight OS.
Oil price are currently higher than anticipated, so Seplat price is NOT significantly dropping soon.

Sector Push
What can push Seplat or Zenith down greatly is most general industrial news .
E.g $price of oil has dipped to $40/$50 per Barrel from $70-$80

Or like Zenith that was hovering around 57-60;
with sector forbearance news by CBN in June 2025 Zenith dropped to 43/45.
A long term active and witty risk taker investor on hearing this news and zenith being on the negative side of it can easily sell his holdings @57 and buy back at 45/46 if possible. Knowing fully that Zenith has a robust fundamental to clear any shortcomings and possibly bounce back.

DangSugaR moved in a general bull in January/February and boosted by the improved quarterly result. Once the FY audited was out, it was obvious it couldn't sustain the 80/share.
A long term investor could risk selling immediately, disciplined and patient enough to enter at a much lower price. It also has other strong fundamental areas to bounce back- Sector leader, scale, asset, good credit score, Agric, etc..
It works for stocks with inherent little/medium fundamental issues.

Presently for Zenith, I think even though QD for dividend is around the corner, so also is Q1 result expectant.. it might just hold for now and not drop until probably ending May 2026 where it might drop a bit due to probably inactivity.
It's massive OS is Zeniths only limitation moving up faster.

Thank you for taking time to explain. I have also seen the example with Dangote Sugar. So, from all that is said timing is very essential. When to get out and when to get in for more volume of shares. We learn on a daily basis.

, .
.

ppogba:
If Monday is the qualification day and he buys on Monday, he will not qualify even if his father is DG of NSE and his mother DG SEC with his sister heading CSCS.

The way you confidentily do not understand what you are saying is shocking.
It shows you are not answering from a place of experience.
I have bought stocks countless times on qualification dates over the past 10 years and I earned dividends from them.
Even if the fellow buys GTCO on qualification day and sell it the very next day, he will earn dividend.
How to experience this is to simply buy as little as 5 units for the purpose of experiment on qualification date and then sell them the next day. It's that simple and see if your dividend alert will not hit ur phone.

https://www.youtube.com/watch?v=yX_u4T5CEPk

A review of zenith bank audited FY 25 earnings

unite4real:
The way you confidentily do not understand what you are saying is shocking.
It shows you are not answering from a place of experience.
I have bought stocks countless times on qualification dates over the past 10 years and I earned dividends from them.
Even if the fellow buys GTCO on qualification day and sell it the very next day, he will earn dividend.
How to experience this is to simply buy as little as 5 units for the purpose of experiment on qualification date and then sell them the next day. It's that simple and see if your dividend alert will not hit ur phone.

We all goof atimes.
I think I have acknowledged that in my response to Mummy GO.

That is uncharacteristic of me
Thanks all the same.

Investcom:
Good day.

Please if l buy gtb shares on Monday 13th will l qualify for dividend??

I need the answer pls

A personal experience. I bought Nem insurance for the first time on the qualifications day about 4 years ago when they moved their nominal share from N0.50k to N1.00k from Morgan Capital. Since then I have not bought another unit. As I speak, I do not have it on my CSCS statement, whereas it is on my Morgan Capital statement.

I have written severally to Morgan Capital management, they have not done anything about it.

Last year, I bought Sunu Assurance for the first time a day before the qualifications day, I did not receive the dividend. I went to the registrar who said my name was not among the list on the qualification date as sent by CSCS. Hence, they did not pay me.

From the above, I have decided not to buy a stock for the first time two day before the qualification date in order to avoid stories that touch.

My two kobo.

I dont know who to follow... Some say you will receive others say you will not receive. Thos is very confusing.

dangle:
A personal experience. I bought Nem insurance for the first time on the qualifications day about 4 years ago when they moved their nominal share from N0.50k to N1.00k from Morgan Capital. Since then I have not bought another unit. As I speak, I do not have it on my CSCS statement, whereas it is on my Morgan Capital statement.

I have written severally to Morgan Capital management, they have not done anything about it.

Last year, I bought Sunu Assurance for the first time a day before the qualifications day, I did not receive the dividend. I went to the registrar who said my name was not among the list on the qualification date as sent by CSCS. Hence, they did not pay me.

From the above, I have decided not to buy a stock for the first time two day before the qualification date in order to avoid stories that touch.

My two kobo.

Investcom:
I dont know who to follow... Some say you will receive others say you will not receive. Thos is very confusing.

Experience is the best teacher they say, I have told you that you are qualified to get your dividend if you buy on the qualification date. Someone had even gone a step ahead and told you to buy a few units since you are not convinced to try it out. I mean there is no better way to learn than experiment it.

https://open.spotify.com/episode/6NSTZ7JZ6owu1N5ez9y4wu

Zenith bank fy 2025 earnings review.

ppogba:
If Monday is the qualification day and he buys on Monday, he will not qualify even if his father is DG of NSE and his mother DG SEC with his sister heading CSCS.

Why wont he qualify

Wema Bank has yet to refund the N970,000 that mysteriously left the account belonging to a customer in Oyo State.

The sum was taken from the bank account by an unknown source in March 2025 and the bank has abandoned the victim for 13 months, despite his calls for help.

Investcom:
Qualification Date (Date of Record): April 13, 2026. You must hold the shares at the close of business on this date.
Ex-Dividend Date: The shares will likely be marked down (go ex-dividend) on Tuesday, April 14, 2026, meaning purchases on or after that date will not receive the dividend.
Payment Date: The dividend is scheduled to be paid on April 28, 2026.

The buyer on the qualification date will qualify for dividends, the seller will not!

nosa2:
Many moons ago I said we were at peak palm oil and many failed to understand. This is exactly what I meant.

Palm producers have enjoyed this subsidy for far too long. It has become unnecessary. Palm oil business will still be profitable just not as profitable as before.

It is no longer far for presco q1 results go drop
I dey wait to see how much dividend eti go declare..lol

ppogba:
If Monday is the qualification day and he buys on Monday, he will not qualify even if his father is DG of NSE and his mother DG SEC with his sister heading CSCS.

Abeg no kil me with laughter
What is this..lol
It is 50/50 gamble to buy on qualification date.If you are lucky the registrar of the company if they do thr job well.Then you will scale through and qualify for dividend
If you are unlucky and they don't do proper job your name won't cross over to qualify for dividend. You go write mail and copy baba God join and you no go see dividend for that particular Yr.And nothing any regulatory body fit do.They registrar will simply say u no qualify and matter go close