₦airaland Forum

Yeah, the profit growth is the slowest na

yMcy56:
..but that's a Trillion revenue for DANGCEM!
Or I'm not seeing it well?
Guess you looked at PAT alone..

Was expecting N18+ from MTN
https://doclib.ngxgroup.com/Financial_NewsDocs/46852_MTN_NIGERIA_COMMUNICATIONS_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

At least make I celebrate am small joor

mikeapollo:
Don't be excited yet ooo
It is like an ''abiku'' child.... until it grows and becomes of age

Itzlinda:
If we are being honest with ourselves these cements coys se exploits us.

60% profit margin is crazy for a cement country with a housing crisis

Coastal roads plus price increases.

Sunrisepebble:
Yeah, the profit growth is the slowest na

You're considering revenue growth, Yes...
But looking holistically and Sectoral,
Dangcem still beats them hands down...

Profit After Tax:
DANGCEM: 321bn
WAPCO: 98bn
BUACEM: 176bn

Na Arithmetics I sabi no vex ...😁
They all tried to be honest and IMO

* WAPCO and BUA actually doubled 2025 profit ... Commendable! 🎊👍🍾🎉

💕 😘 💕

pluto09:
https://www.thecable.ng/breaking-tinubu-sacks-saidu-mohammed-as-nmdpra-chief-nominates-rabiu-umar-as-replacement/

Dangote ti take over.

Don't just look at absolute numbers. Growth is (nearly) everything when it comes to valuation.

yMcy56:
You're considering revenue growth, Yes...
But looking holistically,
Dangcem still beats them hands down...

Profit After Tax:
DANGCEM: 321bn
WAPCO: 98bn
BUACEM: 176bn

Na Arithmetics I sabi no vex ...😁

They all tried to be honest and IMO
* WAPCO doubled 2025 profit ... Commendable! 🎊👍🍾🎉

HesInMe:
The industry is more like an elephant (Dangote), a leopard (BUA), and a cheetah (Lafarge). The cheetah is outrunning the others on asset efficiency and profitability, but the leopard is not dulling, and you know you can't ignore the mighty elephant.

HesInMe:
Don't just look at absolute numbers. Growth is (nearly) everything when it comes to valuation.

You're right...... and I love your illustration of the Elephant, Leopard and the Cheetah 🐆 😊

Safe to say MTN is back to revenue levels of 2022 in dollar terms.

Blood money loading

GeneralDae:
Safe to say MTN is back to revenue levels of 2022 in dollar terms.

Let me show you something that should make every Nigerian cold in their bones.

Goodluck Jonathan borrowed $3.8 billion in 5 years.
Buhari borrowed $32.6 billion in 8 years.

Tinubu has borrowed over $10 billion in less than 3 years, with another $24 billion still in the pipeline. That’s a total of $34 Billion in 3 years.

And the Senate just approved a fresh $516 million loan yesterday. For a road.

That is the Sokoto-Badagry Super Highway, funded by Deutsche Bank, at an interest rate of SOFR plus 5.35% per annum. Nine years to repay. A road. While Nigerians cannot afford to eat.

But here is the part nobody is saying loudly enough.

Jonathan and Buhari borrowed all that money AND still paid fuel subsidy AND still paid electricity subsidy.

Two governments. Combined debt of over $36 billion. And they were still subsidizing the pain of living in Nigeria. Still putting petrol at N165. Still keeping electricity tariffs low. Still absorbing the shock so ordinary Nigerians could survive.

Then Tinubu came.

He told us the subsidies were the problem. He said the country was bleeding money. He removed fuel subsidy on day one. He devalued the naira. He raised electricity tariffs by over 300%. He told us the pain was necessary. He told us to endure, that better days were coming.

We endured.

Petrol went from N185 to over N1,300.
Electricity bills tripled overnight.
Food prices doubled, then tripled again.
Businesses closed. Jobs disappeared. Families broke apart.

And what did we get in return for all that sacrifice?

More borrowing. Faster borrowing. Bigger borrowing.
Nigeria’s total public debt has gone from N87 trillion when Buhari left to N159 trillion today. That is N72 trillion added in less than 3 years. The fastest debt accumulation in Nigeria’s history.

Clueless Buhari took 8 years to grow debt by N75 trillion. Tinubu did the same in under 3.

And debt servicing? Nigeria spent $9.9 billion just servicing external debt between June 2023 and August 2025. By 2028, debt servicing alone is projected to hit N91 trillion. That is more than Nigeria currently spends on health, education, and security combined.

Over 80% of government revenue goes to paying back loans. Not building schools. Not building hospitals. Not fixing roads.

Paying back loans.

Yet he is still borrowing.

The $516 million approved this week is not even the scary part. The scary part is that Tinubu has formally requested approval to borrow $21.54 billion, €2.19 billion, and ¥15 billion more. That is over $24 billion in one borrowing plan. More than 60% of Nigeria’s entire foreign exchange reserves.

Let that number sit in your chest for a moment. We are borrowing in all foreign available currencies.

A government that removed subsidies to save money is borrowing at a pace no Nigerian government in history has ever attempted.

So where is the money going?

Not to your electricity. That one you now pay for in full.
Not to your fuel. That one you now pay market price for.

Not to your roads. Those are still the same death traps.

Not to your hospitals. Doctors are still on strike or emigrating.

Not to your children’s schools. ASUU is always one disagreement away from another shutdown.

Nobody can account for it. No clear audit. No transparent project tracking. Just loan after loan after loan, approved in legislative chambers in a matter of hours, disappearing into a system that has never once been held accountable.

Jonathan borrowed and we saw Abuja-Kaduna rail and Universities across the country, etc.

Buhari borrowed and we saw the completion of second Niger Bridge, Lagos-Ibadan expressway, Abuja airport terminal.

Whatever you think of those projects, they existed.

You could touch them. You could drive on them.

Tinubu has borrowed N72 trillion in under 3 years.
Point to what was built other than 40 kilometers of road and the purchase of Emblems for more tax.

This is not governance. This is a government that removed the one thing that kept ordinary Nigerians from complete destitution, handed the savings to a system nobody can audit, and then borrowed more on top of it, faster than any leader before them.

And every single Nigerian alive today, including newborns, is carrying a debt they did not consent to.

Every child born in Nigeria today is born owing.
That is not a metaphor. That is the balance sheet of a country being hollowed out in real time.

If this does not make you angry, check your pulse. The only hope we have is to have hope that things will get better, and this government continues to renew our hopes for a better Nigeria that they can’t give us.

This hope is a danger to our collective existence and Nigerians are tired of Hope. In the midst of all these, the only defense the defenders of this government has is that “We Do Not Understand Economics.”

Is there anyone reading this who needs a PhD in economics to know when he or she is hungry and suffering?

-KAA
#kaa_truths

megawealth01:
Blood money loading

I’m telling you. When Aradel and Seplat finally release their bomb for Q1 (based on war windfalls), we shutdown everywhere .

Na SEPLAT I go use buy small Island

GeneralDae:
I’m telling you. When Aradel and Seplat finally release their bomb for Q1 (based on war windfalls), we shutdown everywhere .

My SEPLAT loot alone is something else. I sincerely missed ARADEL. Na now ARADEL come dey pain me

GeneralDae:
I’m telling you. When Aradel and Seplat finally release their bomb for Q1 (based on war windfalls), we shutdown everywhere .

you forgot to add NAHCO

Why do you write on top and bottom of quotes?

megawealth01:
Na SEPLAT I go use buy small Island

My SEPLAT loot alone is something else. I sincerely missed ARADEL. Na now ARADEL come dey pain me

1k loading.

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/46852_MTN_NIGERIA_COMMUNICATIONS_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

Brent at 120 😳😳

I wan confuse Agba

deathwing:
Why do you write on top and bottom of quotes?

This is going to be a problem for the market if this continues...

GeeKudi:
Brent at 120 😳😳

megawealth01:
I wan confuse Agba

I like both

GeeKudi:
1k loading.

Bought nearly 500k worth today. God help us.

mikeapollo:
I am really getting tired of how you take EVERYTHING PERSONAL! C'mon!
There may be various opinions on an issue. In your case, once someone has a different opinion, you take it personal and start saying the person is DEFENDING! Defending who, for what?
All you needed to say is that you are referring to a different thing, simple.!
Why bring in ''defending''?

Oga Mike, make u no vex for me. I just dey pull your leg, the reason there was a long laugh out loud at the end of my statement

That said i will still say that everything Oando shld not be taken at face value but rather should be interrogated properly.

Sunrisepebble:
Was expecting N18+ from MTN
https://doclib.ngxgroup.com/Financial_NewsDocs/46852_MTN_NIGERIA_COMMUNICATIONS_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

Just marginally short of your expectation. They would have surpassed it if not for the energy crisis.

6 Out Of 10 University Students Are Into 'Yahoo Yahoo’ - EFCC Chairman Olukoyede

Nawaoh. How efcc take do the statistics sef?

Gbam

robobo:
Oga Mike, make u no vex for me. I just dey pull your leg, the reason there was a long laugh out loud at the end of my statement

That said i will still say that everything Oando shld not be taken at face value but rather should be interrogated properly.

Iran just no wan gree for their boss

GeeKudi:
Brent at 120 😳😳

megawealth01:
6 Out Of 10 University Students Are Into 'Yahoo Yahoo’ - EFCC Chairman Olukoyede

Nawaoh. How efcc take do the statistics sef?

More than that o

😲 😳 😲 😳 😲

Agbalowomeri:
More than that o

But what's government doing to help students... I heard Unilag my ALMATA is now over 200k from 20k

megawealth01:
Let me show you something that should make every Nigerian cold in their bones.

Goodluck Jonathan borrowed $3.8 billion in 5 years.
Buhari borrowed $32.6 billion in 8 years.

Tinubu has borrowed over $10 billion in less than 3 years, with another $24 billion still in the pipeline. That’s a total of $34 Billion in 3 years.

And the Senate just approved a fresh $516 million loan yesterday. For a road.

That is the Sokoto-Badagry Super Highway, funded by Deutsche Bank, at an interest rate of SOFR plus 5.35% per annum. Nine years to repay. A road. While Nigerians cannot afford to eat.

But here is the part nobody is saying loudly enough.

Jonathan and Buhari borrowed all that money AND still paid fuel subsidy AND still paid electricity subsidy.

Two governments. Combined debt of over $36 billion. And they were still subsidizing the pain of living in Nigeria. Still putting petrol at N165. Still keeping electricity tariffs low. Still absorbing the shock so ordinary Nigerians could survive.

Then Tinubu came.

He told us the subsidies were the problem. He said the country was bleeding money. He removed fuel subsidy on day one. He devalued the naira. He raised electricity tariffs by over 300%. He told us the pain was necessary. He told us to endure, that better days were coming.

We endured.

Petrol went from N185 to over N1,300.
Electricity bills tripled overnight.
Food prices doubled, then tripled again.
Businesses closed. Jobs disappeared. Families broke apart.

And what did we get in return for all that sacrifice?

More borrowing. Faster borrowing. Bigger borrowing.
Nigeria’s total public debt has gone from N87 trillion when Buhari left to N159 trillion today. That is N72 trillion added in less than 3 years. The fastest debt accumulation in Nigeria’s history.

Clueless Buhari took 8 years to grow debt by N75 trillion. Tinubu did the same in under 3.

And debt servicing? Nigeria spent $9.9 billion just servicing external debt between June 2023 and August 2025. By 2028, debt servicing alone is projected to hit N91 trillion. That is more than Nigeria currently spends on health, education, and security combined.

Over 80% of government revenue goes to paying back loans. Not building schools. Not building hospitals. Not fixing roads.

Paying back loans.

Yet he is still borrowing.

The $516 million approved this week is not even the scary part. The scary part is that Tinubu has formally requested approval to borrow $21.54 billion, €2.19 billion, and ¥15 billion more. That is over $24 billion in one borrowing plan. More than 60% of Nigeria’s entire foreign exchange reserves.

Let that number sit in your chest for a moment. We are borrowing in all foreign available currencies.

A government that removed subsidies to save money is borrowing at a pace no Nigerian government in history has ever attempted.

So where is the money going?

Not to your electricity. That one you now pay for in full.
Not to your fuel. That one you now pay market price for.

Not to your roads. Those are still the same death traps.

Not to your hospitals. Doctors are still on strike or emigrating.

Not to your children’s schools. ASUU is always one disagreement away from another shutdown.

Nobody can account for it. No clear audit. No transparent project tracking. Just loan after loan after loan, approved in legislative chambers in a matter of hours, disappearing into a system that has never once been held accountable.

Jonathan borrowed and we saw Abuja-Kaduna rail and Universities across the country, etc.

Buhari borrowed and we saw the completion of second Niger Bridge, Lagos-Ibadan expressway, Abuja airport terminal.

Whatever you think of those projects, they existed.

You could touch them. You could drive on them.

Tinubu has borrowed N72 trillion in under 3 years.
Point to what was built other than 40 kilometers of road and the purchase of Emblems for more tax.

This is not governance. This is a government that removed the one thing that kept ordinary Nigerians from complete destitution, handed the savings to a system nobody can audit, and then borrowed more on top of it, faster than any leader before them.

And every single Nigerian alive today, including newborns, is carrying a debt they did not consent to.

Every child born in Nigeria today is born owing.
That is not a metaphor. That is the balance sheet of a country being hollowed out in real time.

If this does not make you angry, check your pulse. The only hope we have is to have hope that things will get better, and this government continues to renew our hopes for a better Nigeria that they can’t give us.

This hope is a danger to our collective existence and Nigerians are tired of Hope. In the midst of all these, the only defense the defenders of this government has is that “We Do Not Understand Economics.”

Is there anyone reading this who needs a PhD in economics to know when he or she is hungry and suffering?

-KAA
#kaa_truths

Ah this chairman 😊. Why add the $24 Billion in the pipeline? There’s a difference between money approved by the senate for borrowing and money actually borrowed. Tinubu has increased foreign debt from $43 Billion to $51 Billion in 3 years. Forget the $24 Billion. Even Buhari had an almost similar approval in 2022 which he didn’t use.

Nobi me write am ooooo

GeneralDae:
Ah this chairman 😊. Why add the $24 Billion in the pipeline? There’s a difference between money approved by the senate for borrowing and money actually borrowed. Tinubu has increased foreign debt from $43 Billion to $51 Billion in 3 years. Forget the $24 Billion. Even Buhari had an almost similar approval in 2022 which he didn’t use.

megawealth01:
😲 😳 😲 😳 😲

But what's government doing to help students... I heard Unilag my ALMATA is now over 200k from 20k

Na only girls dey go school now. All the boys have joined HK