₦airaland Forum

nedu666:
With access bank their is neither capital appreciation nor dividends. What sort of investment is that. The truth is that all these banks access is buying is adding no value to it. I doubt access management has a strategy to squeeze value from all their purchases

Someone said it is the biggest bank based on toxic asset.


Toxic assets from Diamond bank and Intercontinental Bank

From a Joke to a Journey: The Quiet Power of Discipline and Compounding.

A Personal Reflection
In 2022, I reconnected via WhatsApp with a university friend I hadn’t seen since 2012. It was shortly after the birth of my daughter—my third and last child. I often say, half in prayer and half in gratitude, that I do not wish for another child as my wife refused to sterilize and also dislike family planning, may God, in His infinite mercy, bless those who desire children with their own. Amen.
During our conversation, he casually asked, “When are you visiting the US?”
Without thinking, I replied jokingly, “When the profits from my US portfolio are enough to fund a trip for my family of five.”
At the time, it was nothing more than a lighthearted remark. In truth, I had never even applied for a Nigerian passport before, let alone seriously considered traveling abroad. I am anti- JAPA.
My entire US portfolio was worth less than $1,000.
But something changed.
As I grew in entrepreneurial wisdom, knowledge, and understanding—driven by a strong conviction for FIRE (Financial Independence, Retire Early)—things began to take shape. I made a conscious decision to take control of my financial destiny. I tuned out the noise:
“The US market is overpriced.”
“The dollar is losing dominance.”
“China has taken over.”
“A massive bear market will crash the NYSE.”
“The US economy is unsustainable for her deficit.”
“BRICS will replace the West.”
Through it all, I remained disciplined, consistent, and patient—allowing time to do what it does best: compound.
I look back at moments that could have shaken me:
The August 2024 market dip (BlackMonday), when my portfolio was down over $11,000—deep in the red. I did nothing.
The 2026 ongoing strait of Hormuz war between Iran, US and Israel, alongside global tensions and Oil blockades when my US portfolio dropped by over $17,000. Still, I held firm.
No panic selling. No emotional decisions. In fact, in 2026, I have not made a new US investments—only reinvested dividends.
Today, as I reflect on this journey, I find myself nurturing a new ambition: exploring the United States. I don’t know exactly when it will happen, but I am confident it will. And when it does, I’ll share those moments without my pictures —perhaps even photos titled “Mankind2024 in the US.”
What once started as a joke is gradually becoming a possibility.
Here’s the most powerful part: without touching my capital, the unrealized gains from my portfolio alone could now fund a holiday with return trip from Nigeria to the US for a family of five.
If there’s one thing I hope this story conveys, it’s this: there is power in vision, discipline, and affirmation. Stay the course. Let time and consistency work in your favor.

I always enjoy your success story

Mankind2024:
From a Joke to a Journey: The Quiet Power of Discipline and Compounding.

A Personal Reflection
In 2022, I reconnected via WhatsApp with a university friend I hadn’t seen since 2012. It was shortly after the birth of my daughter—my third and last child. I often say, half in prayer and half in gratitude, that I do not wish for another child as my wife refused to sterilize and also dislike family planning, may God, in His infinite mercy, bless those who desire children with their own. Amen.
During our conversation, he casually asked, “When are you visiting the US?”
Without thinking, I replied jokingly, “When the profits from my US portfolio are enough to fund a trip for my family of five.”
At the time, it was nothing more than a lighthearted remark. In truth, I had never even applied for a Nigerian passport before, let alone seriously considered traveling abroad. I am anti- JAPA.
My entire US portfolio was worth less than $1,000.
But something changed.
As I grew in entrepreneurial wisdom, knowledge, and understanding—driven by a strong conviction for FIRE (Financial Independence, Retire Early)—things began to take shape. I made a conscious decision to take control of my financial destiny. I tuned out the noise:
“The US market is overpriced.”
“The dollar is losing dominance.”
“China has taken over.”
“A massive bear market will crash the NYSE.”
“The US economy is unsustainable for her deficit.”
“BRICS will replace the West.”
Through it all, I remained disciplined, consistent, and patient—allowing time to do what it does best: compound.
I look back at moments that could have shaken me:
The August 2024 market dip (BlackMonday), when my portfolio was down over $11,000—deep in the red. I did nothing.
The 2026 ongoing strait of Hormuz war between Iran, US and Israel, alongside global tensions and Oil blockades when my US portfolio dropped by over $17,000. Still, I held firm.
No panic selling. No emotional decisions. In fact, in 2026, I have not made a new US investments—only reinvested dividends.
Today, as I reflect on this journey, I find myself nurturing a new ambition: exploring the United States. I don’t know exactly when it will happen, but I am confident it will. And when it does, I’ll share those moments without my pictures —perhaps even photos titled “Mankind2024 in the US.”
What once started as a joke is gradually becoming a possibility.
Here’s the most powerful part: without touching my capital, the unrealized gains from my portfolio alone could now fund a holiday with return trip from Nigeria to the US for a family of five.
If there’s one thing I hope this story conveys, it’s this: there is power in vision, discipline, and affirmation. Stay the course. Let time and consistency work in your favor.

naturalflow:
eeeya ,eeeya!it is the same thing we are saying. uba was paying consistently for 20 years or more!before the present drama.as eee don be like this,the best way is to contact nosa2,transfer all your holdings to him for safekeeping!

You can send me your money oh, but I promise to use it to chop suya.

Agbalowomeri:
What about me that have categorically stated for months that ACCESS will not pay dividend? You don praise me?

Oga na Oga. E no need any praise

emmanuelewumi:
He is buying na. PE of 2 no be beans

We would find out on Monday. No need to spoil the fun

emmaodet:
What is your take about Conhall result?

I think they released a fine result

Claude thinks the result is good and the stock is a buy. Target price N7.

I personally don't care about it

pluto09:
You are definitely buying
Access is still the cheapest bank with the latest results.

We will not confirm or deny any future stock trading decisions until after the trade is made

So they are buying junks

nedu666:
With access bank their is neither capital appreciation nor dividends. What sort of investment is that. The truth is that all these banks access is buying is adding no value to it. I doubt access management has a strategy to squeeze value from all their purchases

Kindly share your story as well. We need more voices to enlighten others that staying the course—and spending time in the market—is the true path to success.
This is not an audio tale or theory; it is a lived experience.
I can confidently say this: my children are already wired with the mindset of save and invest.

megawealth01:
I always enjoy your success story

I believed some people don't understand how the business under a stock s run.
I think the appreciation many are enjoying In presco today was as a result of low dividend in the past which were then reinvested.

They slowed down on aggressive peanut dividend in the last two years n needed to go back in 2025 to clean the books for an excellent performance.

Based on that q1 results, presco can never go to full offer based on final dividend.

Did you even think for a moment on the latest acquisitions in that year. You didn't want to sacrifice anything for those growth.

I pray for full offer to buy more on Monday.


By q3, you will queue for presco at 3k n u no go see.

Sell presco n buy gt or zenith since they can give you more in dividend but I'm sure they can't give you more in capital appreciation than presco with even the good dividends combined.

This is the same pattern we saw between 2021 and 2023, when many investors sold off Unilever, WAPCO, First Bank, and ETI—often too quickly and too soon.

Digitron:
I am happy I sold half of my Access.

I will streamline my Banking Portfolio to serious banks (GTB, Zenith, ETI, Wema and Stanbic)

I also heard Fidelity will not pay

I’m looking for something to deliver 40-50% from current price for me. The stocks that can do that I already have them:
GT & Zenith (if you include dividend yield )
Wapco
MTNN (if they become serious in subsequent quarters)
Seplat
TIP, e pains me I didn’t buy more on the floor
DangSugar rights honestly does not look bad. The money raised will be put to good use

Streetinvestor2:
Na only for bank such dey now

Mankind2024:
From a Joke to a Journey: The Quiet Power of Discipline and Compounding.

A Personal Reflection
In 2022, I reconnected via WhatsApp with a university friend I hadn’t seen since 2012. It was shortly after the birth of my daughter—my third and last child. I often say, half in prayer and half in gratitude, that I do not wish for another child as my wife refused to sterilize and also dislike family planning, may God, in His infinite mercy, bless those who desire children with their own. Amen.
During our conversation, he casually asked, “When are you visiting the US?”
Without thinking, I replied jokingly, “When the profits from my US portfolio are enough to fund a trip for my family of five.”
At the time, it was nothing more than a lighthearted remark. In truth, I had never even applied for a Nigerian passport before, let alone seriously considered traveling abroad. I am anti- JAPA.
My entire US portfolio was worth less than $1,000.
But something changed.
As I grew in entrepreneurial wisdom, knowledge, and understanding—driven by a strong conviction for FIRE (Financial Independence, Retire Early)—things began to take shape. I made a conscious decision to take control of my financial destiny. I tuned out the noise:
“The US market is overpriced.”
“The dollar is losing dominance.”
“China has taken over.”
“A massive bear market will crash the NYSE.”
“The US economy is unsustainable for her deficit.”
“BRICS will replace the West.”
Through it all, I remained disciplined, consistent, and patient—allowing time to do what it does best: compound.
I look back at moments that could have shaken me:
The August 2024 market dip (BlackMonday), when my portfolio was down over $11,000—deep in the red. I did nothing.
The 2026 ongoing strait of Hormuz war between Iran, US and Israel, alongside global tensions and Oil blockades when my US portfolio dropped by over $17,000. Still, I held firm.
No panic selling. No emotional decisions. In fact, in 2026, I have not made a new US investments—only reinvested dividends.
Today, as I reflect on this journey, I find myself nurturing a new ambition: exploring the United States. I don’t know exactly when it will happen, but I am confident it will. And when it does, I’ll share those moments without my pictures —perhaps even photos titled “Mankind2024 in the US.”
What once started as a joke is gradually becoming a possibility.
Here’s the most powerful part: without touching my capital, the unrealized gains from my portfolio alone could now fund a holiday with return trip from Nigeria to the US for a family of five.
If there’s one thing I hope this story conveys, it’s this: there is power in vision, discipline, and affirmation. Stay the course. Let time and consistency work in your favor.

Congratulations on your agile portfolio.
Thank you so much for sharing also. I am sure you are achieving one of your aims, to motivate others. I am motivated. Well done.

If you don't mind, could you please show/share the full list or some of the major equities in the portfolio?

I truly respect the privileged insider insights you consistently share on this platform. Perhaps, once in a while, you could also walk us through how you crossed your first ₦1 billion—and the journey all the way to ₦7 billion. Lol.

Sunrisepebble:
I’m looking for something to deliver 40-50% from current price for me. The stocks that can do that I already have them:
GT & Zenith (if you include dividend yield )
Wapco
MTNN (if they become serious in subsequent quarters)
Seplat
TIP, e pains me I didn’t buy more on the floor
DangSugar rights honestly does not look bad. The money raised will be put to good use

A pleasure 🙏

ghm:
Congratulations on your agile portfolio.
Thank you so much for sharing also. I am sure you are achieving one of your aims, to motivate others. I am motivated. Well done.

If you don't mind, could you please show/share the full list or some of the major equities in the portfolio?

Yoursfaithful:
Leave am make he dey explain..what's the benefit of investment without single return to shareholders..no emotions in this market.any stock that underperform we move..we come back when they are ready for business and tidy up their books

We the latest results from access, the bank is definitely a buy.
I just don't think it is necessary for someone to think he has to defend a stock because he has a stake. The market should be allowed to do it's thing. Anyone that wants to sell should sell and those who want to buy should buy.

Mankind2024:
From a Joke to a Journey: The Quiet Power of Discipline and Compounding.

A Personal Reflection
In 2022, I reconnected via WhatsApp with a university friend I hadn’t seen since 2012. It was shortly after the birth of my daughter—my third and last child. I often say, half in prayer and half in gratitude, that I do not wish for another child as my wife refused to sterilize and also dislike family planning, may God, in His infinite mercy, bless those who desire children with their own. Amen.
During our conversation, he casually asked, “When are you visiting the US?”
Without thinking, I replied jokingly, “When the profits from my US portfolio are enough to fund a trip for my family of five.”
At the time, it was nothing more than a lighthearted remark. In truth, I had never even applied for a Nigerian passport before, let alone seriously considered traveling abroad. I am anti- JAPA.
My entire US portfolio was worth less than $1,000.
But something changed.
As I grew in entrepreneurial wisdom, knowledge, and understanding—driven by a strong conviction for FIRE (Financial Independence, Retire Early)—things began to take shape. I made a conscious decision to take control of my financial destiny. I tuned out the noise:
“The US market is overpriced.”
“The dollar is losing dominance.”
“China has taken over.”
“A massive bear market will crash the NYSE.”
“The US economy is unsustainable for her deficit.”
“BRICS will replace the West.”
Through it all, I remained disciplined, consistent, and patient—allowing time to do what it does best: compound.
I look back at moments that could have shaken me:
The August 2024 market dip (BlackMonday), when my portfolio was down over $11,000—deep in the red. I did nothing.
The 2026 ongoing strait of Hormuz war between Iran, US and Israel, alongside global tensions and Oil blockades when my US portfolio dropped by over $17,000. Still, I held firm.
No panic selling. No emotional decisions. In fact, in 2026, I have not made a new US investments—only reinvested dividends.
Today, as I reflect on this journey, I find myself nurturing a new ambition: exploring the United States. I don’t know exactly when it will happen, but I am confident it will. And when it does, I’ll share those moments without my pictures —perhaps even photos titled “Mankind2024 in the US.”
What once started as a joke is gradually becoming a possibility.
Here’s the most powerful part: without touching my capital, the unrealized gains from my portfolio alone could now fund a holiday with return trip from Nigeria to the US for a family of five.
If there’s one thing I hope this story conveys, it’s this: there is power in vision, discipline, and affirmation. Stay the course. Let time and consistency work in your favor.

Congratulations Mankind2024. May your expressed ambition and many more not yet expressed, come to pass by His Grace. I just want to add a point or two to your very well-written reflection.
Compounding is good, the 8th wonder of the world. But it doesn’t always need to be passive, it can be active or even aggressive. In trading, the phrase 'take profit off the table' exists for a reason: trends can reverse instantly when economic momentum shifts. While some markets recover quickly, others take decades. A stock falling from 100 to 4 might eventually return to 200, but only if time is on your side. While there are 'forever' stocks where I’m happy to stay in the passenger seat, I believe in remaining vigilant. If the fundamentals or prospects decline, I prefer to exit without sentiment and pivot to fresh opportunities with higher growth potential. Compounding continues but actively leaving only my failed attempts to run passively but still given fuel by prayers and hope.

Happy Workers Day

I can't thank you enough for those audiobooks you share from time to time. Thank you, sir.

Why is it a buy, please? Ignore the dividend.

pluto09:
We the latest results from access, the bank is definitely a buy.
I just don't think it is necessary for someone to think he has to defend a stock because he has a stake. The market should be allowed to do it's thing. Anyone that wants to sell should sell and those who want to buy should buy.

Personally, I don't even see any weakness from the Q1 2026 report, at least operationally. But I'm not an expert, so, I could be wrong.
Revenue actually grew by 7.5% YoY (Q1 2026: ₦100.86bn, Q1 2025: ₦93.79bn +7.5% YoY) and cost of sales improved slightly by -4.8% YoY.

The draw downs I see in the report are the FX loss (2026: ₦6.37bn loss) compared to a gain in 2025 (₦0.18bn gain) and the ballooned tax charge of ₦19.99bn compared to ₦11.03bn for Q1 2025. These are not items that should raise a red flag. So, I don't believe there is going to be a major pull back.

The concern on the slowing dividend payout must be put in the proper perspectives. With their recent acquisitions, PRESCO is moving into a scale-up mode and would rather put more money into the business at high Return On Invested Capital than paying everything out. I will be watching out for opportunities to add more if it really pulls back.

crownprince2017:
I believed some people don't understand how the business under a stock s run.
I think the appreciation many are enjoying In presco today was as a result of low dividend in the past which were then reinvested.

They slowed down on aggressive peanut dividend in the last two years n needed to go back in 2025 to clean the books for an excellent performance.

Based on that q1 results, presco can never go to full offer based on final dividend.

Did you even think for a moment on the latest acquisitions in that year. You didn't want to sacrifice anything for those growth.

I pray for full offer to buy more on Monday.


By q3, you will queue for presco at 3k n u no go see.

Sell presco n buy gt or zenith since they can give you more in dividend but I'm sure they can't give you more in capital appreciation than presco with even the good dividends combined.

Thank you so much for your kind words and thoughtful contribution. I truly appreciate it.
You’ve raised a very important and often under-discussed dimension of compounding: the role of active decision-making alongside patience. You’re absolutely right—markets are not always forgiving, and not every drawdown recovers within a reasonable timeframe. The point about “taking profit off the table” and staying vigilant to changing fundamentals is well noted.
I agree that there are different paths to compounding. For some, it is more active and opportunistic, rotating capital, locking in gains, and repositioning into higher-growth ideas. For others, like myself, the bias leans more toward endurance, conviction, and allowing time to do the heavy lifting, especially when the underlying fundamentals remain intact.
That said, your perspective is a valuable reminder that conviction should never become complacency. The discipline to reassess, pivot when necessary, and detach from sentiment is just as critical as the discipline to stay invested.
In truth, both approaches—active and patient can coexist. It often comes down to temperament, strategy, and clarity of purpose.
Thank you once again for enriching the conversation, and I’m glad the audiobooks have been of value. Wishing you continued success on your journey as well.
Happy Workers’ Day!

aj8:
Congratulations Mankind2024. May your expressed ambition and many more not yet expressed, come to pass by His Grace. I just want to add a point or two to your very well-written reflection.
Compounding is good, the 8th wonder of the world. But it doesn’t always need to be passive, it can be active or even aggressive. In trading, the phrase 'take profit off the table' exists for a reason: trends can reverse instantly when economic momentum shifts. While some markets recover quickly, others take decades. A stock falling from 100 to 4 might eventually return to 200, but only if time is on your side. While there are 'forever' stocks where I’m happy to stay in the passenger seat, I believe in remaining vigilant. If the fundamentals or prospects decline, I prefer to exit without sentiment and pivot to fresh opportunities with higher growth potential. Compounding continues but actively leaving only my failed attempts to run passively but still given fuel by prayers and hope.

Happy Workers Day

I can't thank you enough for those audiobooks you share from time to time. Thank you, sir.

I got my wapco dividend since yesterday morning. Maybe because it ain't much.

Sunrisepebble:
Wapco don’t want us to TGIF

Wow

nicestlady:
I got my wapco dividend since yesterday morning. Maybe because it ain't much.

Shosho, how are you doing?
Happy Workers' day!

StockGiver:
STOCK PICK FOR THE MONTH: CHAMS PLC


• Strong Q1 2026 Performance: Momentum in Revenue and Profitability
CHAMS delivered solid top- and bottom-line growth in the first quarter:


Gross Profit increased substantially to ₦1.33 billion, aided by a roughly 7% drop in cost of sales, reflecting better operational efficiency or favorable input costs.

Profit After Tax (PAT) surged 188% (or nearly 2.9x) to ₦429.4 million (from ₦148.9 million in Q1 2025).

This profit jump highlights operating leverage and possibly higher-margin contributions from areas like cybersecurity services, which have been noted as a growth driver amid rising cyber threats and regulatory demands in Nigeria.

The company also showed balance sheet discipline:
- Total Equity grew to ₦19.95 billion (from ₦19.52 billion at end-2025), driven almost entirely by retained earnings from the quarter's profit.

- Liabilities decreased meaningfully (to ₦11.88 billion from ₦14.86 billion), mainly from lower trade payables.

- Operating cash flow was positive at ₦455.7 million, supporting reinvestment despite some loan repayments and capex outflows.

These figures build on full-year 2025 results, where revenue grew ~18% to around ₦17.5 billion and PAT reached ~₦606 million. Q1 2026 suggests the growth trajectory is continuing, with improved margins in the early part of the year.

Strategic Expansion into High-Growth Areas (AI, Data Centers, Digital Infrastructure)
CHAMS is evolving beyond its traditional identity management, payments, card production, and transaction switching businesses (core to SIM cards, bank cards, and digital IDs):

- In February 2026, the company launched Chamscorp Plc, a new subsidiary focused on digital device manufacturing, data centre design/operations, AI infrastructure, and intelligent systems. This positions CHAMS in Nigeria's emerging AI and digital infrastructure boom.

- Leadership appointments (including experienced figures from finance and data analytics) signal serious intent.

- Nigeria's digital economy is expanding rapidly, with massive growth in instant payments (NIP transactions), fintech adoption, e-commerce, and government digital ID initiatives.

CHAMS' established role in identity and payments gives it a strong foundation to capture value in adjacent high-margin areas like cybersecurity and AI-enabling infrastructure.

The capital raise of ~₦7.5–7.65 billion in 2025 (via rights issue/private placement) has strengthened the balance sheet, providing dry powder for these expansions, cross-border payments, and fintech innovations across Africa.

A proposed dividend (e.g., 3 kobo per share) also signals returning capital to shareholders and confidence in cash generation.

Valuation and Upside Potential
- Improving Fundamentals: Double-digit revenue growth historically, sharp PAT expansion in Q1, positive cash flow, and a cleaner balance sheet (higher equity, lower liabilities).

- Multiple Expansion Opportunity: As CHAMS executes on Chamscorp and higher-margin digital/AI plays, the market could re-rate the stock from a legacy payments/ID play to a diversified digital infrastructure leader.

- Nigeria Fintech Tailwinds: Continued CBN support for digital payments, AfCFTA-driven cross-border opportunities, and structural demand for secure identity solutions.

- Catalyst Pipeline: Further details on Chamscorp progress, potential new contracts in government/biometrics, full-year 2026 guidance, and any M&A or partnerships.


This is not financial advice. Always conduct your own due diligence

I did share my success story last year

Mankind2024:
Kindly share your story as well. We need more voices to enlighten others that staying the course—and spending time in the market—is the true path to success.
This is not an audio tale or theory; it is a lived experience.
I can confidently say this: my children are already wired with the mindset of save and invest.

https://open.spotify.com/episode/5jJ0djEYYPRpUoe5FoiLlR

A walkthrough MTN Nigeria Q1 2026 earnings.

GeeKudi:
Personally, I don't even see any weakness from the Q1 2026 report, at least operationally. But I'm not an expert, so, I could be wrong.
Revenue actually grew by 7.5% YoY (Q1 2026: ₦100.86bn, Q1 2025: ₦93.79bn +7.5% YoY) and cost of sales improved slightly by -4.8% YoY.

The draw downs I see in the report are the FX loss (2026: ₦6.37bn loss) compared to a gain in 2025 (₦0.18bn gain) and the ballooned tax charge of ₦19.99bn compared to ₦11.03bn for Q1 2025. These are not items that should raise a red flag. So, I don't believe there is going to be a major pull back.

The concern on the slowing dividend payout must be put in the proper perspectives. With their recent acquisitions, PRESCO is moving into a scale-up mode and would rather put more money into the business at high Return On Invested Capital than paying everything out. I will be watching out for opportunities to add more if it really pulls back.

To buttress your point, the 6b fx loss was a one time thing as a result of huge debt clearance.

They have huge inventory too that will be worth more in the subsequent qs and also invested alot in consumables that will last for other qs.

Sunrisepebble:
I’m looking for something to deliver 40-50% from current price for me. The stocks that can do that I already have them:
GT & Zenith (if you include dividend yield )
Wapco
MTNN (if they become serious in subsequent quarters)
Seplat
TIP, e pains me I didn’t buy more on the floor
DangSugar rights honestly does not look bad. The money raised will be put to good use

On Dangote rights, pls do you have any idea when they are to commence? I am 100% interested in taking my rights and even more. I think they will catch up with Nascon.

Both the management of UBA ACCESSCORP took loans to do what?

Both didn't pay dividend.

I believe the banking mafias are securing their future wealth.

Insiders(mostly through families and friends so that there won't be suspicion)are acquiring the shares of this banks.

If you want to secure you future wealth,never you underestimate majority of the banks.

https://www.youtube.com/watch?v=wodzSBGdN3Y

A walkthrough MTN Q1 2026 earnings

Agbalowomeri:
What about me that have categorically stated for months that ACCESS will not pay dividend? You don praise me?

Well done Agba

He's doing his bit to reduce the drilling depth...

pluto09:
I don't think you need this.
You are not the only one that holds access.