₦airaland Forum

yMcy56:
Don't people think this is good for ACCESS?
I think this is a good development which is capable of repositioning ACCESS.....
For me Access will be good to go from here.....because part of the things possibly affecting them is their numerous buys.

They kept focusing on expansion to the neglect of home, internal happenings, restructuring, growth ......and some of the outside assets are not profitable or not as profitable as expected.

That is if they don't sell those assets at very cheap giveaway rates to themselves and their cronies.

yMcy56:
Don't people think this is good for ACCESS?
I think this is a good development which is capable of repositioning ACCESS.....
For me Access will be good to go from here.....because part of the things possibly affecting them is their numerous buys.

They kept focusing on expansion to the neglect of home, internal happenings, restructuring, growth ......and some of the outside assets are not profitable or not as profitable as expected.

Sell-off some useless stakes so that they have enough money to start paying me dividend going forward.

Mankind2024:
This reality led me to a deeper question: Why do so many citizens of this same country, one that is rewarding many ordinary citizens handsomely, spend so much time cursing it and its leaders?

Are you being focken serious right now? So because you got dividend, the country is now the te greatest nation on earth? Can your country airlift you in an accident? Will the president visit your village if herdsmen destroy it? Does your country have emergency services? Do you have a functional civil service? Can you get anything done without bribing someone? Can you even get married at the registry without bribing the person at the end?

Can you travel from Lagos to Abuja by road without holding your ransom money and writing your Will? Can you walk into a bank and get a mortgage?

Can you vote safely? Are you joyous at the sight of a policemen?


How many young people under 35 can find jobs to make the money to do the investment to get the dividends you are celebrating?

Please, just celebrate your $9500 and keep it moving.

I didn’t even see your reply before I responded to him. Thank you o. It’s crazy to think Nigerians have money to lock inside stock market when people that earn 300k are still borrowing money from friends for transport to work in this same Lagos.

HesInMe:
Abeg stop using style to turn your missives into politics. Our portfolios might be doing well, but we -- "We few, we happy few, we band of brothers" -- need to always remember that the stock market is not the economy.

Your anecdote objectively does not translate to the population. Not even 5% of Nigerians invest in stocks. Conversely, more than 60% live below the poverty line, per World Bank stats -- a number that is surging upward in recent years because of high inflation and slower economic growth than necessary. Awareness of investment possibilities is certainly an issue, but poor Nigerian households spend 70% of their income on food alone. Investing is a luxury among the hungry.

So celebrate your success, sure, but stop pretending that most Nigerians have real access to the opportunity you enjoy -- if only they'd show some discipline (SMH). Or that our impressively corrupt governments aren't to blame.

Rant over. What are you uppity people buying?

unite4real:
My Zenith bank dividend came in but not complete.

I wonder who else experienced this

it will come in mine isn't complete.

Agbalowomeri:
Yes, because markets are efficient and have their reasons for pricing one stock over another. It is not only assets that determine stock prices

No be to carry toxic asset full body, how much are you squeezing out for shareholders from the earnings? ACCESS is probably the most inefficient bank in Nigeria. If the story changes tomorrow, maybe the market will respond. Until then, it is what it is.

Those inefficiencies are to a few peoples benefit , maybe deliberate

I believe that in all those expansion across Africa were embedded some deals for the boys , that era is hopefully over now with the cbn directive and posture

jonnysessy:
ZENITH BANK

I don't know why Veritas Registrars is fond of doing this to me every year. Every time they keep paying me my Zenith bank dividend in piecemeal. They eventually will comply after i have engaged them through emails. I don't know why i always have to forward my CSCS statements to them before they will fully pay me. Meanwhile, i need this money together to solve a pressing need. Let me wait a day or two before we begin to exchange emails. Can they try this with my retired Chairman Mr jim Ovia ?
Part of the work of a registrar of a company is to keep the company book, i wonder why i should be the one supplying them information before my complete dividend is paid.

Finally, Zenith Bank decided to credit me my balance of dividend. But, what i don't understand is why they decided to split the dividend into two. They decided to pay me in two different bank accounts. That is immaterial now as i have gotten my dividend without writing any email. They have made my day already.

Sunrisepebble:
I agree.

i beg to disagree

while i am also not in sync with Access aggressive expansion of late. However, the treatment being meted by the regulator look very arbitrary and might not pass a test of logic

1. Didnt the regulator approved each of the buying in the first place? (because such buying are subject to regulatory approvals)

2. if so what had changed between the approvals and now to warrant a rollback?

3. for the sake of argument let accept a rollback is justified, how was the 12 month deadline (for sale) arrived at?

4. Does precedent (of mergers & acquisition) support the 12 months (when most of the buying took more than 12 months)

5. how was the 10 of SHF arrived at? what are the metrics driving the limit set?

6. is the regulator leaving the realm of regulation to dictate how a private coy deploy its capital


n.b i have very minimal and inconsequential units in Access but only concern about regulatory overreach

yMcy56:
Don't people think this is good for ACCESS?
I think this is a good development which is capable of repositioning ACCESS.....
For me Access will be good to go from here.....because part of the things possibly affecting them is their numerous buys.

They kept focusing on expansion to the neglect of home, internal happenings, restructuring, growth ......and some of the outside assets are not profitable or not as profitable as expected.

This kind of divestment or sales of foreign units at the orders of a regulator like CBN could turn out negative because the bank would have to comply within a specific timeline or deadline, which could put pressure on them and eventually sell the assets at a loss.

But what was the CBN doing when the bank was buying all the foreign units? Didn't the CBN approve each purchase or acquisition?

naturalflow:
you are very correct brokern is profiting from our buy/sell activity.it happened to me recently,in the mad rush to exit uba,I placed an order at the lowest price during pre-market,it was filled,cscs details shows stock was sold at a higher amount than what broker credit.

that why you use limit. If am selling lots of units I fill with limits but sometimes at different price point. Meritrade though me that lesson in 2018.

robobo:
i beg to disagree

while i am also not in sync with Access aggressive expansion of late. However, the treatment being meted by the regulator look very arbitrary and might not pass a test of logic

1. Didnt the regulator approved each of the buying in the first place? (because such buying are subject to regulatory approvals)

2. if so what had changed between the approvals and now to warrant a rollback?

3. for the sake of argument let accept a rollback is justified, how was the 12 month deadline (for sale) arrived at?

4. Does precedent (of mergers & acquisition) support the 12 months (when most of the buying took more than 12 months)

5. how was the 10 of SHF arrived at? what are the metrics driving the limit set?

6. is the regulator leaving the realm of regulation to dictate how a private coy deploy its capital


n.b i have very minimal and inconsequential units in Access but only concern about regulatory overreach

Spot on.

mikeapollo:
This kind of divestment or sales of foreign units at the orders of a regulator like CBN could turn out negative because the bank would have to comply within a specific timeline or deadline, which could put pressure on them and eventually sell the assets at a loss.

But what was the CBN doing when the bank was buying all the foreign units? Didn't the CBN approve each purchase or acquisition?

All this is medicine after death. CBN (regulator) has stamped its feet down and Access will have no choice but, to obey. These are the things you see with government policies; very inconsistent. Someone will just wake up on the wrong side of the bed and decide to alter what has been in place without any reasonable explanation to the people they are regulating.

Ding

robobo:
i beg to disagree

while i am also not in sync with Access aggressive expansion of late. However, the treatment being meted by the regulator look very arbitrary and might not pass a test of logic

1. Didnt the regulator approved each of the buying in the first place? (because such buying are subject to regulatory approvals)

2. if so what had changed between the approvals and now to warrant a rollback?

3. for the sake of argument let accept a rollback is justified, how was the 12 month deadline (for sale) arrived at?

4. Does precedent (of mergers & acquisition) support the 12 months (when most of the buying took more than 12 months)

5. how was the 10 of SHF arrived at? what are the metrics driving the limit set?

6. is the regulator leaving the realm of regulation to dictate how a private coy deploy its capital


n.b i have very minimal and inconsequential units in Access but only concern about regulatory overreach

You have made valid points.

However, let us give the regulators the benefit of the doubt considering the facts that there are egg heads employed to do the thinking especially knowing fully well the implications of any fooly.

As far as they are doing it to safeguard all stakeholders, the better for all and sundry.

jonnysessy:
All this is medicine after death. CBN (regulator) has stamped its feet down and Access will have no choice but, to obey. These are the things you see with government policies; very inconsistent. Someone will just wake up on the wrong side of the bed and decide to alter what has been in place without any reasonable explanation to the people they are regulating.

We all are commenting and arguing on the little we know.

jonnysessy:
All this is medicine after death. CBN (regulator) has stamped its feet down and Access will have no choice but, to obey. These are the things you see with government policies; very inconsistent. Someone will just wake up on the wrong side of the bed and decide to alter what has been in place without any reasonable explanation to the people they are regulating.

Let's wait for confirmation from CBN or Access.
It would be difficult for the CBN to order them to sell-off the foreign units IF each purchase was approved by the same CBN.

CAP. What a run!! Pity I only grabbed a handful purely based on speculation.

rmx:
Those inefficiencies are to a few peoples benefit , maybe deliberate

I believe that in all those expansion across Africa were embedded some deals for the boys , that era is hopefully over now with the cbn directive and posture

The narrative that those expansion across Africa are not bringing in profit should be ignored as they have no factual basis. More like a beer parlor gist
Access has branches in about 14 countries in Africa. From 2025 AFS, it is only in two countries that losses were made. If we aggregate the Africa operations, the balance sheet and the profit margins are even better than the Nigeria branch.

There is a new Sheriff in town

robobo:
i beg to disagree

while i am also not in sync with Access aggressive expansion of late. However, the treatment being meted by the regulator look very arbitrary and might not pass a test of logic

1. Didnt the regulator approved each of the buying in the first place? (because such buying are subject to regulatory approvals)

2. if so what had changed between the approvals and now to warrant a rollback?

3. for the sake of argument let accept a rollback is justified, how was the 12 month deadline (for sale) arrived at?

4. Does precedent (of mergers & acquisition) support the 12 months (when most of the buying took more than 12 months)

5. how was the 10 of SHF arrived at? what are the metrics driving the limit set?

6. is the regulator leaving the realm of regulation to dictate how a private coy deploy its capital


n.b i have very minimal and inconsequential units in Access but only concern about regulatory overreach

Equity + Liabilities = Assets

Equity is about 13% of Assets for the average Nigerian Bank. That’s a thin cover.
10 being a round number may be what is pushing CBN to bring that 10% restriction. To preserve depositors and the banking industry from risky acquisitions.

Regulations need to be updated as new knowledge or risks emerge. However as it’s a new regulation CBN should give more time for compliance.

robobo:
i beg to disagree

while i am also not in sync with Access aggressive expansion of late. However, the treatment being meted by the regulator look very arbitrary and might not pass a test of logic

1. Didnt the regulator approved each of the buying in the first place? (because such buying are subject to regulatory approvals)

2. if so what had changed between the approvals and now to warrant a rollback?

3. for the sake of argument let accept a rollback is justified, how was the 12 month deadline (for sale) arrived at?

4. Does precedent (of mergers & acquisition) support the 12 months (when most of the buying took more than 12 months)

5. how was the 10 of SHF arrived at? what are the metrics driving the limit set?

6. is the regulator leaving the realm of regulation to dictate how a private coy deploy its capital


n.b i have very minimal and inconsequential units in Access but only concern about regulatory overreach

Sunrisepebble:
There is a new Sheriff in town

The sherrif is not new (50% of his first term gone already)

I am positive one or two of the acquisition will have passed through the sheriff for approvals (which was not decline)

The sheriff should avoid arbitrariness otherwise how does he want to portray an higher moral grounds than the players he is policing

HesInMe:
Abeg stop using style to turn your missives into politics. Our portfolios might be doing well, but we -- "We few, we happy few, we band of brothers" -- need to always remember that the stock market is not the economy.

Your anecdote objectively does not translate to the population. Not even 5% of Nigerians invest in stocks. Conversely, more than 60% live below the poverty line, per World Bank stats -- a number that is surging upward in recent years because of high inflation and slower economic growth than necessary. Awareness of investment possibilities is certainly an issue, but poor Nigerian households spend 70% of their income on food alone. Investing is a luxury among the hungry.

So celebrate your success, sure, but stop pretending that most Nigerians have real access to the opportunity you enjoy -- if only they'd show some discipline (SMH). Or that our impressively corrupt governments aren't to blame.

Rant over. What are you uppity people buying?

This assumes that the fundamentals of the companies paying the dividends are either largely false or that they are operating in an alternate universe.

robobo:
The sherrif is not new (50% of his first term gone already)

I am positive one or two of the acquisition will have passed through the sheriff for approvals (which was not decline)

The sheriff should avoid arbitrariness otherwise how does he want to portray an higher moral grounds than the players he is policing

Regulations need to be updated as new knowledge or risks emerge. However as it’s a new regulation CBN should give more time for compliance.

Equity + Liabilities = Assets

Equity is about 13% of Assets for the average Nigerian Bank. That’s a thin cover.
10 being a round number may be what is pushing CBN to bring that 10% restriction. To preserve depositors and the banking industry from risky acquisitions.

ppogba:
You have made valid points.

However, let us give the regulators the benefit of the doubt considering the facts that there are egg heads employed to do the thinking especially knowing fully well the implications of any fooly.

As far as they are doing it to safeguard all stakeholders, the better for all and sundry.

Yes o safeguarding all stakeholders is better for all and sundry

BabsO2:
Regulations need to be updated as new knowledge or risks emerge. However as it’s a new regulation CBN should give more time for compliance.

Equity + Liabilities = Assets

Equity is about 13% of Assets for the average Nigerian Bank. That’s a thin cover.
10 being a round number may be what is pushing CBN to bring that 10% restriction. To preserve depositors and the banking industry from risky acquisitions.

I dont see how what you stated correlates to closing down subsidiaries.

For sake of argument, lets agree that it does. To the best of my knowledge the equation you portray has 3 components and any of the 3 could be worked on to bring the ratio desired by the sheriff. So why insistence on just a variable impacting only one of the components

Morgan cap which one is pending again!you place a buy or sell,it enters pending.when no be moniepoint?

Zichis don go oooo
Na wa.. dis one pass crypto hanmer

Is Japaul ready or what is going on? Any wisper? abeg oo

SonofElElyonRet:
Zichis don go oooo
Na wa.. dis one pass crypto hanmer

They are coming to raise funds.
They apparently listed on NGX so they can raise funds at a higher share price

GeeKudi:
Is Japaul ready or what is going on? Any wisper? abeg oo

Japaul said they would start gold purchase/refining operations in May, which is this month.

Yeah I have it somehow 'bigly', just not sure if I should put more at trhe current price. was hoping it would drop to 2.50 before getting more.

mikeapollo:
Japaul said they would start gold purchase/refining operations in May, which is this month.

robobo:
I dont see how what you stated correlates to closing down subsidiaries.

For sake of argument, lets agree that it does. To the best of my knowledge the equation you portray has 3 components and any of the 3 could be worked on to bring the ratio desired by the sheriff. So why insistence on just a variable impacting only one of the components

Total Equity of Access to Total Assets is only 8% in the Audited 2025. That is even thinner than the Nigerian Bank Average. I am just speculating that CBN is trying to save ALL stakeholders from toxic assets. Raising more liabilities and equities comes at costs that could even worsen profitability.