₦airaland Forum

nosa2:
They've already released unaudited full year results for 2025. EPS is N27.xx, book value is about N150 and return on equity is over 25%. These numbers are better than Zenith.

There only negative for the stock is the negative retained earnings/reserves. And this should turn positive this year. This is also why they haven't paid dividends

So ask once again, have you bought your ETI?

I have not bought my ETI. But by Monday 13th April 2026 i will start buying. Your consistent calls on this bank had made me go through their numbers, I guess i like what i see. I will start taking position gradually before the audited result will come out,

Streetinvestor2:
It is no longer far for presco q1 results go drop
I dey wait to see how much dividend eti go declare..lol

Let me help you, ETI won't pay any dividend.

With regards to PRESCO what does Q1 result have to do with what I have said?

jonnysessy:
I have not bought my ETI. But by Monday 13th April 2026 i will start buying. Your consistent calls on this bank had made me go through their numbers, I guess i like what i see. I will start taking position gradually before the audited result will come out,

Welcome aboard. May our journey be long and prosperous.

essentialone:
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.

Drag them on all social media platforms while tagging them, tag CBN too,send a mail to CBN as well ,Nigerians listens only when they are dragged

godlyguy:
Oando, japaul, insurance etc. Those promoting them are not being fair to the undiscerning. You all will learn the hard way

Why not tell us or recommend stocks that can do well so people can make money?
It is good to caution people about some stocks but also try and say something about the ones that can do well.

***IRAN/US PEACE TALKS***

The Iran/US talk produced no result. But full hostilities will not resume till the end of ceasefire period.

Looking at the demnds from both sides, it seems IRAN is asking for some conditions that are outside the control of America: like the Lebanon/Israel issue (the 2 Countries are not in this meeting), America bases in other Countries (the Countries with the bases are to make the decisions themselves)

**UPDATE IRAN/US PEACE TALKS ENDS IN STALEMATE**

As of April 12, 2026, the historic, direct peace talks in Islamabad between the United States and Iran have concluded without reaching an agreement.

Following 21 hours of intensive face-to-face negotiations at the Serena Hotel, the U.S. delegation, led by Vice President JD Vance, is now departing Pakistan.

Key Outcomes and Sticking Points

Failed Deal: Vice President Vance stated that while the U.S. came in good faith, they did not see a "fundamental commitment of will" from Iran regarding nuclear weapon development. He emphasized that the U.S. has delivered its "best and final offer".

Strait of Hormuz: Control and reopening of the waterway remained a primary point of "serious disagreement". Iran's foreign ministry cited U.S. "excessive demands" and insisted on maintaining its military gains in the region.

Trump's Stance: President Donald Trump commented that it makes "no difference" to him if a deal is reached, asserting that "regardless of what happens, we win".

Regional Context: The talks took place during a fragile 14-day ceasefire following a six-week-old war. Despite the negotiations, Israel has maintained its commitment to continue fighting Iranian proxies in Lebanon.

Delegations Involved

United States: Vice President JD Vance, special envoy Steve Witkoff, and advisor Jared Kushner.

Iran: Parliament Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi.

Mediator: The talks were brokered and hosted by Pakistani Prime Minister Shehbaz Sharif.

While this round ended without a breakthrough, talks could potentially resume in the future, though "serious disagreements" persist on almost all technical details.

**US 15 POINTS PROPOSAL**

The U.S. 15-point proposal, presented during the high-stakes Islamabad talks, was described as Washington’s "best and final offer" to end the six-week-old war. While the full text was not officially released, reports indicate it was a "maximalist" framework focused on the total dismantlement of Iran's nuclear infrastructure in exchange for economic relief.

Core Provisions of the U.S. 15-Point Plan

The framework included:

Nuclear Dismantlement: Iran would decommission facilities at Natanz, Isfahan, and Fordow.

Zero Enrichment: A permanent ban on domestic uranium enrichment, even for civilian purposes, with all existing stockpiles handed over to the IAEA.

Strait of Hormuz: The immediate reopening of the waterway as a "free maritime zone" under international, rather than Iranian, management.

Missile Limits: Strict restrictions on the range and number of ballistic missiles Iran could possess.

Regional Activity: An end to all funding and arming of proxies, including Hezbollah, Hamas, and the Houthis.

Recognition of Israel: A politically sensitive demand for Iran to acknowledge Israel's right to exist.

Ceasefire Structure: An initial 30-day ceasefire to finalize the broader deal.

The "Carrots" Offered

To incentivize these concessions, the U.S. proposed:

Comprehensive Sanctions Relief: Lifting all primary and secondary sanctions, including the UN "snapback" mechanism.

Civilian Nuclear Support: Assistance with electricity generation at the Bushehr plant to replace the lost domestic enrichment capabilities.

Asset Release: The potential unfreezing of billions in Iranian assets held abroad.

Why the Talks Failed

Vice President JD Vance cited a lack of "fundamental commitment" from Tehran to abandon its nuclear ambitions. Iran countered with its own 10-point plan, insisting on its right to enrich uranium, continued military control over the Strait of Hormuz (with the right to collect transit fees), and the withdrawal of all U.S. forces from the region.

The 21-hour marathon ended with both sides departing Islamabad, leaving the current two-week ceasefire in a highly precarious state.

Would you like to see the specific details of Iran’s 10-point counter-proposal for comparison?

Iran’s 10-point counter-proposal

Iran’s 10-point counter-proposal, presented by Parliament Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi, served as their official framework for the Islamabad talks. While President Trump initially called it a "workable basis," the specific terms were ultimately rejected by the U.S. delegation as a "non-starter".

**The 10 Clauses of Iran's Proposal**

The proposal demanded:

Guaranteed Non-Aggression: A formal, binding commitment from the U.S. and its allies to never attack Iran again.

Permanent End to Hostilities: Moving beyond a temporary ceasefire to a permanent peace agreement.

Hormuz Transit Tolls: Continued Iranian oversight of the Strait of Hormuz, including a proposed $2 million fee per ship, to be split with Oman.

Domestic Uranium Enrichment: International recognition of Iran’s right to enrich uranium for civilian purposes on its own soil.

Lifting of All Sanctions: The immediate removal of all primary U.S. sanctions and secondary sanctions against third parties.

Withdrawal of U.S. Forces: The exit of all U.S. combat forces from military bases and deployment points across the Middle East.

Termination of International Resolutions: The rescinding of all UN Security Council and IAEA resolutions targeting Iran's nuclear program.

War Reparations: Full financial compensation for damages caused during the six-week conflict, often framed as "reconstruction funds" derived from Hormuz transit fees.

Protection of the "Axis of Resistance": An end to all military operations against Iranian-allied groups, specifically demanding a halt to Israeli strikes on Hezbollah in Lebanon.

Binding International Law: Any final agreement must be codified as binding international law through the UN Security Council to prevent future U.S. withdrawal.

**The "Make or Break" Conflict**

The primary reason for the talks' failure was the mismatch between these points and the U.S. 15-point plan. For instance, while Iran demanded the right to enrich uranium, the U.S. insisted on zero enrichment and the total removal of all nuclear material. Additionally, Iran insisted that the Lebanon conflict was included in the truce, a point explicitly denied by the U.S. and Israel.

The current two-week ceasefire is set to expire soon, and with no deal in place, both sides have indicated they are prepared to resume military operations.

They should employ all Professors of Conflict and Resolution around the world to mediate and broker peace.

KarlTom:
Conoil?
Aiico?
Lasaco?

Road leading to mkpomo bustop!!

Its either Nosa lack fundamental knowledge of palm business or has hidden motives.

Thailand just place restrictions on palm export from their country

Indonesia just announced to begin biofuel b50 in june

Malaysia just reported low out put of palm production in March as a result of ageing trees.

Tension in Iran, usa and Israel still don't have visible solutions yet.

When last did you check the price of cpo price in the word.

You neglected all these structural plus for the palm and continue to dwell on just 7 percent reduction in tariff back home.

No problem, continue in your ignorance or deliberate efforts to misinform the gullible ones.


Wait ooo, it been long I see agba post oooo, I sincerely missed your posts..I hope u are fine with your babes.

I think the tariff reduction for sugar is a plus for dangsugar as the production from BIP is still very tiny.


In fact dangsugar seriously need that tariff cut in the short to medium term.

Beeron:
I just finished a T.A on this and realized, Only the price is too expensive at this time for it, however, volume is moderate (NOT HIGH) but seller will exercise a little bit of patience before position sells off.

Except you're planning to hold for long, with a fair understanding of TA, you can go in and out in swing trades. Easy money.

aj8:
Yes, you are quite right. Liquidity-induced craziness (volatility) is the “game”. Requires patience, familiarity, and knowledge. No one that understands ETFs in the Nigerian market will touch Stanbic IBTC ETF 30, NewGold ETF, and quite a few others at their current prices.

The trick is to be guided by their NAV with respect to what the ETF tracks and also their historicals. Many get burnt not knowing this. Buy close to their NAV. Never buy an ETF without first checking its latest NAV. Prices will always be at their highest in January /February and rotate back towards their NAV. Also note the dates the funds are rebalanced (sometimes twice a year) by the fund managers. Very important.

I traded STANBIC30 for good trade. Look at the charts, you'd see 2 tops, I rode both, and exited before reversal.
Waiting for the next both to enter.

Krisuba:
Road leading to mkpomo bustop!!

chimex38:
They should employ all Professors of Conflict and Resolution around the world to mediate and broker peace.

Nope..America needs to go hard enough. They have been playing cat and dog game with them because of civilian population which could make collateral damage high.

Any idea of the price of Afriland property shares??

nosa2:
Let me help you, ETI won't pay any dividend.

With regards to PRESCO what does Q1 result have to do with what I have said?

The performance/revenue for 2026 starts with quarterly results against previous yrs.That should tell us how profitable it could still be

Based on the banking sector and what we are seeing. If no dividend again this yr from eti.Na #30 the stock go nose dive go.People will prefer wema,fidelity oh

How about T+1? It won't settle in his account till the 14th.

Forgive my maths, if I'm wrong.

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

Nope. It applies both ways.
It is taken off the sellers account, appears on your account but not settled (fully yours) until settlement is completed.

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

I explained the technical Analysis of How TOP GAINERS Stocks Performed Last Week



https://www.youtube.com/playlist?list=PLelyzjGuxrbj-ORzfwOEveV2vK0j1e3fw

Streetinvestor2:
The performance/revenue for 2026 starts with quarterly results against previous yrs.That should tell us how profitable it could still be

Based on the banking sector and what we are seeing. If no dividend again this yr from eti.Na #30 the stock go nose dive go.People will prefer wema,fidelity oh

When I said we are at peak palm oil I meant palm oil prices would most likely only decline over the next few years. The decline wont be dramatic but it would be a steady decline from the peak we were witnessing. This isn't something that will be captured in one quarter though I also suspect we are looking at peak palm stock valuations.

With regards to ETI, all I will say is; Have you bought your ETI?

Zenith bank is more likely to touch N50 than ETI is to touch N30. Not everybody is crazy about dividend. I for one do not care about dividends. I care that you care about it and as such I factor your behavior in my analysis but I try and avoid collecting dividends

nosa2:
When I said we are at peak palm oil I meant palm oil prices would most likely only decline over the next few years. The decline wont be dramatic but it would be a steady decline from the peak we were witnessing. This isn't something that will be captured in one quarter though I also suspect we are looking at peak palm stock valuations.

With regards to ETI, all I will say is; Have you bought your ETI?

Zenith bank is more likely to touch N50 than ETI is to touch N30. Not everybody is crazy about dividend. I for one do not care about dividends. I care that you care about it and as such I factor your behavior in my analysis but I try and avoid collecting dividends

So expert analysis is that and dividend hunters will get out of Zenith and GTB in April and May. And we would see a slump in price as we have seen in previous year. Will this slump not also affect ETI? Or you think its so undervalued it won’t dip?
Talking about undervalued assets, Access holding is the most undervalued stock and last year June it went as low as 20 naira.
So i think ETI would still dip along with other banking stocks in May/June but if you believe its undervalued you can buy now. I for one will wait till May/June. If you can’t wait till May/June then wait till they declare their zero dividends and buy that dip.

isaacosas01:
So expert analysis is that and dividend hunters will get out of Zenith and GTB in April and May. And we would see a slump in price as we have seen in previous year. Will this slump not also affect ETI? Or you think its so undervalued it won’t dip?
Talking about undervalued assets, Access holding is the most undervalued stock and last year June it went as low as 20 naira.
So i think ETI would still dip along with other banking stocks in May/June but if you believe its undervalued you can buy now. I for one will wait till May/June. If you can’t wait till May/June then wait till they declare their zero dividends and buy that dip.

Abeg who is expert analysis? There is no such thing as expert analysis. I have ETI and I am promoting ETI purely for selfish reasons. If you buy solely because I told you to buy then you are foolish. This is a faceless forum and I am under no obligation to help you make money. I will only promote stocks I own and I will never tell anyone before I sell. Do your own freaking research. THERE IS NO EXPERT IN THE STOCK MARKET!!!!

Having said all that nonsense above I have to ask once again; have you bought your ETI?

nosa2:
Abeg who is expert analysis? There is no such thing as expert analysis. I have ETI and I am promoting ETI purely for selfish reasons. If you buy solely because I told you to buy then you are foolish. This is a faceless forum and I am under no obligation to help you make money. I will only promote stocks I own and I will never tell anyone before I sell. Do your own freaking research. THERE IS NO EXPERT IN THE STOCK MARKET!!!!

Having said all that nonsense above I have to ask once again; have you bought your ETI?

. After this bold submission by Nosa, no idiot should come and cry here for buying the stock and getting disappointed.

EDUECO:
They want to sanitize the result.

I am very sure Access Bank is trying to buy First Bank.

@Edueco, as the number one NSEMPA access bank diehard fan, what is the grapevine telling you about the final dividend to be paid by Access? We want to take position.

lasisi:
. After this bold submission by Nosa, no idiot should come and cry here for buying the stock and getting disappointed.

There has been a robust conversation on ETI here

https://ngxforum.com/thread/4/ecobank-transnational-incorporated-eti

nosa2:
Abeg who is expert analysis? There is no such thing as expert analysis. I have ETI and I am promoting ETI purely for selfish reasons. If you buy solely because I told you to buy then you are foolish. This is a faceless forum and I am under no obligation to help you make money. I will only promote stocks I own and I will never tell anyone before I sell. Do your own freaking research. THERE IS NO EXPERT IN THE STOCK MARKET!!!!

Having said all that nonsense above I have to ask once again; have you bought your ETI?

I don’t think u have go to the gutters to state ur point.

My point is clear, because a stock is undervalued doesn’t mean it will not “undervalue” more.

ETI will go lower!

ppogba:
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.

Thank you for your reply. Can Sterling registrar be found in any of their branches

My message to NSEMPA investors.

The Ecobank (ETI) Paradox: Why Investors Should Think Thrice
For over a decade, Ecobank Transnational Incorporated (ETI) has been the "Pan-African" darling of stock promoters while simultaneously serving as a red flag for long-term Nigerian investors. Despite a footprint that spans the continent, the bridge between corporate ambition and shareholder value has remained broken.
As aggressive campaigns tout the 2025 unaudited financial reports as a "buy" signal, history suggests that for ETI, the numbers on the page rarely translate to Naira in the pocket.
1. The 2008 Dollar Trap: A Legacy of Dilution
The "rot" arguably began with the infamous 2008 Public Offer and Rights Issue. ETI sought to raise $2.5 billion, pricing shares at $0.29 for the public. Nigerian investors, lured by the prestige of a dollar-denominated pan-African vision, poured in life savings.
The Reality:The timing was disastrous, coinciding with the global financial crash.
The Result: Investors who bought in 2008 have watched their capital evaporate. While the bank expanded its "empire" across 30+ countries, the local retail investor saw almost no benefit. The share price on the NGX has struggled for years to even approach the equivalent of its 2008 offer price in real terms, especially when adjusted for the massive devaluation of the Naira.

2. The Nedbank Exit: A Vote of No Confidence
Perhaps the most damning indictment of ETI’s long-term value came in December 2025, when Nedbank Group, one of South Africa’s "Big Four" banks and a long-standing strategic partner, finally pulled the plug.
Metric Details of the Nedbank Departure
Stake Sold 21.2% of ETI
The Financial Blow,Nedbank realized a R7 billion loss ($370 million) on the exit.
Investment vs. Exit. Nedbank initially invested R6.3 billion; they exited for a mere R1.8 billion.
When a sophisticated institutional investor like Nedbank—which has "insider" board representation—decides to cut its losses and walk away from a 71% value destruction, retail investors must ask: What do they know that the stock promoters aren't telling us?

3. The "Paper Profit" Trap of 2025
The current hype revolves around the 2025 financial results, which show soaring "Gross Earnings" and "Profit Before Tax." However, ETI’s books are notoriously complex due to its multi-currency operations.
Currency Mirage: Much of ETI's "growth" is often a function of hyperinflation and currency translation in volatile African markets. For a Nigerian investor, a profit reported in Togo (ETI's HQ) or elsewhere may never manifest as a dividend in Lagos.
The Dividend Drought:Historically, ETI has been stingy with payouts relative to its Tier-1 and 2 peers like GTCO or Zenith. Retained earnings are frequently swallowed by "impairment charges" or the need to shore up capital in struggling subsidiaries.

4. Governance Shadows and "Ridiculous" Sales
The bank's history is peppered with governance friction. From the 2014 whistleblower allegations regarding the manipulation of results to more recent reports of "fire sales" of assets to foreign portfolio investors at steep discounts, the narrative is rarely about the minority shareholder.
The recurring theme is that ETI operates as a holding company that prioritizes regional expansion and institutional exits over the dividend yield of the individual investor on the NGX.

The Verdict: Fool Me Twice?
The 12-year trajectory of ETI is a masterclass in how a "great African story" can be a "terrible investor reality." While the 2025 unaudited numbers look shiny, they do not erase:

1. A history of massive capital destruction.

2.The exit of a major technical partner (Nedbank) at a staggering loss.

3. A governance track record that has often left local investors in the dark.

Before following the herd into the 2025 "rally," remember: In the stock market, the best predictor of future behavior is past performance.
For over a decade, ETI has promised the continent but delivered only crumbs to its Nigerian shareholders.
Think thrice.


https://www.thisdaylive.com/2025/08/06/ecobanks-biggest-shareholder-safricasnedbank-set-to-sell-stake-in-major-reset/


https://www.thisdaylive.com/2025/10/24/multi-million-dollar-fraud-case-lingering-legal-battles-still-haunts-ecobank/

marvedu513:
Thank you for your reply. Can Sterling registrar be found in any of their branches

If you are talking about Sterling Registrar branches yes but if sterling bank branch, capital NO.

People following him on eco doesn't know he is a trader on that stock, he will dump with 20-30 gain and you are the liquidity.

Ask him how many time he has jijo the stock in the last 6 months. He knows the bank is going nowhere,he just wants deceive the gullible ones and later tell you he warned you.

The game is game..

I will not tell you when I sells is the watch word.

nosa2:
Abeg who is expert analysis? There is no such thing as expert analysis. I have ETI and I am promoting ETI purely for selfish reasons. If you buy solely because I told you to buy then you are foolish. This is a faceless forum and I am under no obligation to help you make money. I will only promote stocks I own and I will never tell anyone before I sell. Do your own freaking research. THERE IS NO EXPERT IN THE STOCK MARKET!!!!

Having said all that nonsense above I have to ask once again; have you bought your ETI?

Well said 👏


I like your way.