₦airaland Forum

olaremint:
Just go and buy foodstuffs at home

I started with N5000 and thank God for where I am now

I'm so happy for this NGX new time extension rule. They should do quick and remove this 10% rule jare

Ignorance is bliss. Don’t argue with the ignorant, my guy.

chimex38:
Naaa.. Not comparing, JB is still the father that fathered their father as long as Construction history in Nigeria is concerned.

just giving Hi-tech the benefit of doubt until the elapsed time.

Make I hear
crack in pillar or
timeline issues or unsoumountable challenges of nature

Na that time I go run my mouth 👄

You dey mind people that don't understand the law of persistence input ni?

emmanuelewumi:
I started with N5000 and thank God for where I am now

presiade:
The same favor that Hitech is benefiting now was what Julius Berger benefited from in the 80s and 90s which makes you think they’re a civil engineering giant. Is it right? No, but What's sauce for the goose is sauce for the gander!

You wanted to say from the 70s. Lagos Ibadan expressway, Apapa Oworonshoki Expressway, Lagos Badagry Expressway etc

At least Julius Berger is quoted and average Nigerians are shareholder, who are the shareholders of HITECH? Was there any bid for the contracts they won?

Abeg no shake this table oooooo

emmanuelewumi:
You wanted to say from the 70s. Lagos Ibadan expressway, Apapa Oworonshoki Expressway, Lagos Badagry Expressway etc

At least Julius Berger is quoted and average Nigerians are shareholder, who are the shareholders of HITECH? Was there any bid for the contracts they won?

https://doclib.ngxgroup.com/Financial_NewsDocs/46743_STANBIC_IBTC__HOLDINGS_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

Stanbic IBTC 1st quarter 2026

Sincerely we need to talk about the impossible delay for UBA, Access, FIRST BANK results for FY 2025, this is now becoming worrisome.

What is really holding these results?

1st quarter results for 2026 are already trickling in, yet CBN is yet to approve 2025 results for blue ship banks.

Ridiculous

CBN still doing bojú bójú with Access,Uba bank

Byankee:
https://doclib.ngxgroup.com/Financial_NewsDocs/46743_STANBIC_IBTC__HOLDINGS_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

Stanbic IBTC 1st quarter 2026

Yes they’ve been around beyond the 80s, but they became “the construction company of choice” during the Babangida era from 85-93. After becoming a public limited company with significant interest from the elite ruling class, you expect them to keep awarding contracts to themselves. Julius Berger got contracts without bidding when they were close enough to the government of the day as well, which is my position here. There are many verifiable, authoritative reports on that. If Julius Berger benefited from it, others can as well do. The best bet is for favoritism to stop altogether, not a few benefiting from corruption and then it’s an outcry when some others benefit.

To add to that, direct contracting or sole-source contracts are allowed under Public Procurement Act (PPA) 2007. So if Hitech won the contract without bidding, does the awarding of the contract contravene extant law?

emmanuelewumi:
You wanted to say from the 70s. Lagos Ibadan expressway, Apapa Oworonshoki Expressway, Lagos Badagry Expressway etc

At least Julius Berger is quoted and average Nigerians are shareholder, who are the shareholders of HITECH? Was there any bid for the contracts they won?

emmanuelewumi:
You wanted to say from the 70s. Lagos Ibadan expressway, Apapa Oworonshoki Expressway, Lagos Badagry Expressway etc

At least Julius Berger is quoted and average Nigerians are shareholder, who are the shareholders of HITECH? Was there any bid for the contracts they won?

God bless you.
Again, most of the major infrastructure construction projects in Nigeria from 1960s were built by Julius Berger:

Eko Bridge in Lagos, 1965.
3rd Mainland Bridge(Phase1 1970/1980s),
New Carter Bridge, Lagos, 1966
Tin Can Island Port (1977),
Lagos Ibadan expressway, 1970s
Apapa Oworonshoki Expressway, 1975-78
Warri Port (1979)
Jebba Bridge, 1973
Repair of Onitsha Bridge (1970)
Lagos Badagry Expressway, 1973-78
Volks Wagen Assembly Plant(1973)
Ajaokuta Steel Plant (1980s),
Delta Steel Plant, 1978-1980s
Jos Steel Rolling Mill, 1980-1983
Abuja Mster Plan Infrastructure
Aso Rock Villa 1989-1991,etc. etc

....The track record in major projects speaks for itself!

😁😁😁

The companies getting new jobs now will also add the new contracts to their own lists of projects done in Nigeria. How that one come be bad thing?
be like say bro Mike don load JB full bag

mikeapollo:
God bless you.
Again, most of the major infrastructure construction projects in Nigeria from 1960s were built by Julius Berger:

Eko Bridge in Lagos, 1965.
3rd Mainland Bridge(Phase1 1970/1980s),
New Carter Bridge, Lagos, 1966
Tin Can Island Port (1977),
Lagos Ibadan expressway, 1970s
Apapa Oworonshoki Expressway, 1975-78
Warri Port (1979)
Jebba Bridge, 1973
Repair of Onitsha Bridge (1970)
Lagos Badagry Expressway, 1973-78
Volks Wagen Assembly Plant(1973)
Ajaokuta Steel Plant (1980s),
Delta Steel Plant
Jos Steel Rolling Mill
Abuja Mster Plan Infrastructure
Aso Rock Villa etc. etc

....The track record in major projects speaks for itself!

presiade:
If Julius Berger benefited from it, others can as well do.

Omo na wa. See wetin person dey talk.

Lol leave matter for Martyrs abi na Saheed? 20 -30 years from now, some younglings of today will be arguing like him about how Hitech has done a lot of major projects in Nigeria without knowing the backstory.

GeeKudi:
The companies getting new jobs now will also add the new contracts to their own lists of projects done in Nigeria. How that one come be bad thing?
be like say bro Mike don load JB full bag

presiade:
Yes they’ve been around beyond the 80s, but they became “the construction company of choice” during the Babangida era from 85-93. After becoming a public limited company with significant interest from the elite ruling class, you expect them to keep awarding contracts to themselves. Julius Berger got contracts without bidding when they were close enough to the government of the day as well, which is my position here. There are many verifiable, authoritative reports on that. If Julius Berger benefited from it, others can as well do. The best bet is for favoritism to stop altogether, not a few benefiting from corruption and then it’s an outcry when some others benefit.

To add to that, direct contracting or sole-source contracts are allowed under Public Procurement Act (PPA) 2007. So if Hitech won the contract without bidding, does the awarding of the contract contravene extant law?

HITECH should be listed so that all of us who have their shares can benefit from this unmerited favours and should not be limited to the Chagourys and cronies of the people in power

GeeKudi:
The companies getting new jobs now will also add the new contracts to their own lists of projects done in Nigeria. How that one come be bad thing?
be like say bro Mike don load JB full bag

Every company has the right to grow., and should be encouraged as much as possible and allowed to grow.
But to bypass all laid down rules, procedures, laws etc. and award very huge, strategic national contracts to cronies with dubious records, who have had little or no record of capacity and competence in projects of such magnitude, without any tender, no bids, no senate approval, no budgetary allocation etc. creates huge problems. Unless Nigerians are docile gluttons who swallow everything without asking key questions.
This is what caused the clash between Rufai Oseni and the Minister.
I don't have any shares in Julius Berger whatsoever.

Anybody that tells you that Julius Berger only became the preferred contractor of choice for FGN under Babangida may not know the history of JB in construction in Nigeria,....that is why I included the years some constructions were done

Chief Ema wants to eat out of the “riba”? Now I get your point of view. They may soon be pressured to list on the exchange as well.

emmanuelewumi:
HITECH should be listed so that all of us who have their shares can benefit from this unmerited favours and should not be limited to the Chagourys and cronies of the people in power

mikeapollo:

Every company has the right to grow., and should be encourages as much as possible and allowed to grow.
But to bypass all laid down rules, procedures, laws etc. and award very huge, strategic national contracts to cronies with dubious records, who have had little or no record of capacity and competence in projects of such magnitude, without any tender, no bids, no senate approval, no budgetary allocation etc. creates huge problems. Unless Nigeria are docile gluttons who swallow everything without asking key questions.
This is what caused the clash between Rufai Oseni and the Minister.
I don't have any shares in Julius Berger whatsoever

It's insane. One single company will take 7Tr Naira of borrowed funds to build road. No bidding, no transparent contract process. The person whose loved ones will probably be affected by the resulting inflation, corruption, lack of healthcare because they swallowed 75% of the money in a Swiss bank account and so on is defending them because 'na turn by turn'. Incredible stuff.

Dividend landing safely for the weekend. Make i go buy cement

The koko of the matter is, make dem bring hitech etc come market make boys benefit. If it is about rules and due process, not even Jb is clean (someone showed you instances of alleged foul play involving jb); this is Nigeria. Make dem just open legit avenues for boys to partake

mikeapollo:

Every company has the right to grow., and should be encouraged as much as possible and allowed to grow.
But to bypass all laid down rules, procedures, laws etc. and award very huge, strategic national contracts to cronies with dubious records, who have had little or no record of capacity and competence in projects of such magnitude, without any tender, no bids, no senate approval, no budgetary allocation etc. creates huge problems. Unless Nigeria are docile gluttons who swallow everything without asking key questions.
This is what caused the clash between Rufai Oseni and the Minister.
I don't have any shares in Julius Berger whatsoever.

Anybody that tells you that Julius Berger only became the preferred contractor of FGN under Babaginda may not know the history of JB in construction in Nigeria,....that is why I included the years some constructions were done

At 55.00, UBA has attained its ath and even a subtle catalyst can lead to breakout. Any addition over the anticipated 475 kobo final dividend can also lead to breakout.

debeey87:
Dividend landing safely for the weekend. Make i go buy cement

Make I come follow you go market na.
I go help you hold and protect your wallet (don't tell me your wallet is online)

Congrats, bro

STANBIC Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46743_STANBIC_IBTC__HOLDINGS_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

AFRIPRUD Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46744_AFRICA_PRUDENTIAL_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

na virtual wallet I get o

mikeapollo:
Make I come follow you go market na.
I go help you hold and protect your wallet (don't tell me your wallet is online)

Congrats, bro

Stop insulting our intelligence abeg. There was no tender for the largest construction project in Nigerian history, and no justification for the sole-source contracting.

What are we doing? Up is down, down is up, the sky is brown, the ground is blue.

Anyway, let's stay away from the politics here. The wave of public construction is positive for the listed cement makers.

GeeKudi:
The companies getting new jobs now will also add the new contracts to their own lists of projects done in Nigeria. How that one come be bad thing?
be like say bro Mike don load JB full bag

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +6.33%
SEPLAT. ±

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +6.33%
SEPLAT. ±

Wetin we see today?
Oando dey shake body, tanda gidigba for the whole day?

yMcy56:
Lol.
It's updated projections.....
He first projected all these rise we are presently witnessing around 2022.....
Now all have achieved the first projections....

Also predicted that ASI will do 100k+....... ACHIEVED!
Recently projected 235k next .....
It's now @224k!!
Next according to him will be 260k!!
Watching keenly...
Wow!! Some Ogas on top dey this forum!

** CAVEAT: DD Applies**
No one should say na one person push am to buy any stock ooo....but at least we've seen how far the projection goes and is going.....I mentioned it as reminder...😊

Nah to they load cileasing now ooo before e move cause I see Ci for him projection

If you allow your intelligence to be insulted, na you sabi. Where in that comment did you see any justification for your alleged lack of due process?

HesInMe:
Stop insulting our intelligence abeg. There was no tender for the largest construction project in Nigerian history, and no justification for the sole-source contracting.

What are we doing? Up is down, down is up, the sky is brown, the ground is blue.

Anyway, let's stay away from the politics here. The wave of public construction is positive for the listed cement makers.

It will be short-lived. There is nothing to sustain it.

mikeapollo:
Wetin we see today?
Oando dey shake body, tanda gidigba for the whole day?