₦airaland Forum

KarlTom:
Very possible. Espacially IF May ends without any news of the refinery.

But No forget say na so you wait for ARADEL o

T&T Refinery ke?
Is that still a viable prospect on the table?
My expectation of good news is about the Angolan bloc.

ZENITH DIV landed

RE: JAPAUL Gold refinery

mikeapollo:
T&T Refinery ke?
Is that still a viable prospect on the table?
My expectation of good news is about the Angolan bloc.

HesInMe:
There are only ~146 companies listed on the NGX na. They vary in size and performance, but they tend to be among the largest and best positioned companies in the country, with the most favourable access to markets, finance, and politicians.

Compare that with the about 40 million micro, small, and medium enterprises (MSMEs) in the country -- your local vulcanizer, hairdressing salon, trader, and farmer. They employ ~85% of the population. Many have low turnover and slim margins, struggle to get working capital, and are particularly vulnerable to high energy, rent, and debt servicing costs. About 30% of them shut down due to the harsh economic conditions in recent years, according to the NESG. That's the real economy.

Which scenario represents more hope for MSMEs: when the 146 listed firms are paying dividends, or when they are unable to pay?

For example, consider the implications of MTN paying dividends as a national carrier—its improved financial strength can drive capital investments, leading to better nationwide service for numerous providers and final consumers, compared to previous years.

BabsO2:
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.

Oga Babs

i have heard you but you are not paying attention to my concern "arbitrariness".

i agree that the 8% you stated above is quite low per the average within the Nigerian banking industry and should be worked on by Access (Notwithstanding the fact that the figure is within Basle requirement)

my point is why the focus on selling of subsidiaries as a means to achieve that aim. when the ratio has two other components?

In terms of liquidity (i.e. easy to achieve/sell/realised) the most liquid component of the ratio is the "liability" several of which will expure within twelve months (e.g. fixed deposits/ CP/ Bonds e.t.c) why not forbade the bank from taking fresh liabilities when those ones matured towars achieving the desired ratio?

another reasoning is that the equity part of the ratio has several other components apart from "sale of subsidiaries" which are easier to achieve than the desired "sale" e.g. retaining profit. so why not this route other than the sale of subsidiaries? are the subsidiaries making a loss (i.e. leaking capital)

EDUECO:
You're a learner!

I have made more than 90 percent just by jumping in and out of Zenith Bank, ACCESSCORP,UBA,FirstHoldCo and WEMA Bank.

The real money in stock market is from trading; dividend investing is just a bonus for me.

I got a dividend yield of more than 40 percent for the Zenith bank shares(average cost price of ₦17) in my dividend porfolio.

There are other successful market exploits I have initiated that I don't want to mention.

I have mastered the workings of the NGX. I'm not a mediocre in this game

Everybody likes to prove himself ''right'', so self justification or self validation is permitted.
Anything to make oneself sound happy or okay is fine.

Lesson: One man's meat is another man's poison! No one should boast!

MTN made enough money to pay you dividend because they raised data prices...and everyone needs data. Data is not discretionary spending. BUA, WAPCO etc are all paying dividend because they control the prices opf cement, have little competition and inflate it without commensurate increase in volumes. While you are getting your chikini dividends, you give it back to them by buying their expensive cement, building houses and raising the rent because you used inflated cement to construct it. When people decry the cost of rent and contruction, and the attendant inflation, do you not realize it's because the cement makers are extracting as much value as they can from something as common as cement? In this scenario, how does the stock market mean the economy is booming?

lionshare:
Which scenario represents more hope for MSMEs: when the 146 listed firms are paying dividends, or when they are unable to pay?

For example, consider the implications of MTN paying dividends as a national carrier—its improved financial strength can drive capital investments, leading to better nationwide service for numerous providers and final consumers, compared to previous years.

PETERiCHY:
So you have suddenly become a self acclaimed Successful Jijiost because your dream stock Access bank no longer pay dividend

PETERiCHY:
So you have suddenly become a self acclaimed Successful Jijiost because your dream stock Access bank no longer pay dividend

Kai, which kind uppercut be this?
Please take it easy on him na, Access yab many people, no be him alone.

mtn and zenith dividend dropped, something to hold body while I wait for morgan. Opened and funded Cardinal stone yesterday. I was told trading ll commence after 48hours. people using Cardinastone is that how it works?

edwardaigb:
mtn and zenith dividend dropped, something to hold body while I wait for morgan. Opened and funded Cardinal stone yesterday. I was told trading ll commence after 48hours. people using Cardinastone is that how it works?

See this guy man!
You dey ask us to tell you how Cardinalstone works, but you no tell us how the dividends go reach us too.
Is that good?

robobo:
Oga Babs

i have heard you but you are not paying attention to my concern "arbitrariness".

i agree that the 8% you stated above is quite low per the average within the Nigerian banking industry and should be worked on by Access (Notwithstanding the fact that the figure is within Basle requirement)

my point is why the focus on selling of subsidiaries as a means to achieve that aim. when the ratio has two other components?

In terms of liquidity (i.e. easy to achieve/sell/realised) the most liquid component of the ratio is the "liability" several of which will expure within twelve months (e.g. fixed deposits/ CP/ Bonds e.t.c) why not forbade the bank from taking fresh liabilities when those ones matured towars achieving the desired ratio?

another reasoning is that the equity part of the ratio has several other components apart from "sale of subsidiaries" which are easier to achieve than the desired "sale" e.g. retaining profit. so why not this route other than the sale of subsidiaries? are the subsidiaries making a loss (i.e. leaking capital)

I am saying, I hope it's not arbitrary.
That I hope it's an evolution of learning and safeguarding against risks from toxic assets.

That I get all what you are saying that I agree more slack needs to be given to reduce risk to ALL stakeholders including ACCESS.

Asset disposal is not a piece of cake. Neither is gathering of more equity investment funds. ACCESS should please be given more time and more options to mitigate perceived risks.

BabsO2:
I am saying, I hope it's not arbitrary.
That I hope it's an evolution of learning and safeguarding against risks from toxic assets.

That I get all what you are saying that I agree more slack needs to be given to reduce risk to ALL stakeholders including ACCESS.

Asset disposal is not a piece of cake. Neither is gathering of more equity investment funds. ACCESS should please be given more time and more options to mitigate perceived risks.

ok then.

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

I wonder who else experienced this

got all my dividends,it came in later in the day yesterday.

megawealth01:
Una wan market iron condemn?

Maybe they have received the 3rd and last batch of the 6 billion Naira.

ojeysky:
Let it get it it's ATH first Na Bros

For Deap Capital Plc to get to N11+ again?

I don't see that happening soon. There is a lot of restructuring they need to do. Not just a name change to CMFC Plc.

essentialone:
For Deap Capital Plc to get to N11+ again?

I don't see that happening soon. There is a lot of restructuring they need to do. Not just a name change to CMFC Plc.

They are coming to raise capital very soon. So getting to N11 is possible, if they want; but it depends on their target share offer price.

KarlTom:
RE: JAPAUL Gold refinery

Okay

https://open.spotify.com/episode/5ysEZZqpbnZqaE1760QjJF

NGX Midday Update

Something is happening at DS almost 4bn traded so far. Me I have taken some profit sha. Will reload with RI or if it reverses. However it still feels like I took profit too early...time will tell

mikeapollo:
Everybody likes to prove himself ''right'', so self justification or self validation is permitted.
Anything to make oneself sound happy or okay is fine.

Lesson: One man's meat is another man's poison! No one should boast!

He was being taunted...so it's in order.

Even Paul had to personally boast from the Bible when being taunted by the churches.
Despite speaking against it

massaging of one's ego is allowed. Na your hard work

https://www.youtube.com/watch?v=YiUTmv6oo-Y

Ngx midday trading update for today

Thank you for reading and for your honest response.
I never claimed the stock market is the economy, nor did I suggest that everyone can simply “discipline” their way out of poverty. I know the reality, high food inflation, widespread poverty, worsening insecurity, limited participation in the capital market, etc. Those are facts.

My post was simply sharing a personal testimony: how discipline, patience, and time turned my own savings into meaningful dividend income. It is possible for those who can participate, even if it’s only a small percentage of Nigerians right now. Celebrating that doesn’t mean I’m blind to the struggles of the majority.

You’re right that bad governance and weak institutions have contributed heavily to where we are. No serious person disputes that.
But waiting for perfect government before we take personal responsibility is also a trap. Many of the ordinary people building wealth quietly today started with very little, some during even worse economic periods.

My message has always been to those who can participate, start small, stay consistent, avoid greed and noise. Every person who builds financial independence reduces the burden on society, not increases it.

I’m not “uppity”, I’m just a grateful investor who chooses to focus on what I can control. Right now, I’m redeploying the dividends into quality names I already own (more Zenith, MTNN, and a few others I believe in long term). No hype, just steady compounding.
Wishing you good returns as well.

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?

Lmao, the amount of malice and bitterness dripping from this comment is actually impressive.
Bro, you didn’t just read my post, you got personally triggered because someone received dividends in Nigeria. Your whole rant is basically “How dare you succeed where I’m suffering?” 😂
Let me help you, My dividends didn’t make Nigeria perfect. I never said it did. But the fact that one citizen making money from his own discipline and patience sends you into this level of rage and copium is very telling. You’re not angry at me, you’re angry at your own life.
Instead of learning how people are quietly building wealth despite the same problems you listed, you chose to vomit negativity and start listing every problem Nigeria has like a broken record. We already know the country has deep issues. That’s not news. What’s funny is people like you prefer to stay in the complaints WhatsApp group while others are cashing alerts.
You want me to cry about police, roads, bribes, and herdsmen before I’m allowed to celebrate my own money? Miss me with that toxic mentality.
Keep that same energy when you’re still broke and bitter in 5 years. The rest of us will be compounding.
Now go and touch grass, Mr “Celebrate in silence.” Your misery is showing badly.

deathwing:
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.

mikeapollo:
See this guy man!
You dey ask us to tell you how Cardinalstone works, but you no tell us how the dividends go reach us too.
Is that good?

oya come jos for chilled stout and fish with one amariaa for the night. those it take that long.
thank you.

megawealth01:
OANDO suppose do below 40 naira before wale go wake up

The guy man no care.

what he cares about now is the RI @ 50, and how he is going to corner everything (or nearly all) of which price at sub 40 will even help him achieve better.

The only time there will be sustainable appreciation above 50 will be after the RI

I have said this before

Mankind2024:
Lmao, the amount of malice and bitterness dripping from this comment is actually impressive.
Bro, you didn’t just read my post, you got personally triggered because someone received dividends in Nigeria. Your whole rant is basically “How dare you succeed where I’m suffering?” 😂
Let me help you, My dividends didn’t make Nigeria perfect. I never said it did. But the fact that one citizen making money from his own discipline and patience sends you into this level of rage and copium is very telling. You’re not angry at me, you’re angry at your own life.
Instead of learning how people are quietly building wealth despite the same problems you listed, you chose to vomit negativity and start listing every problem Nigeria has like a broken record. We already know the country has deep issues. That’s not news. What’s funny is people like you prefer to stay in the complaints WhatsApp group while others are cashing alerts.
You want me to cry about police, roads, bribes, and herdsmen before I’m allowed to celebrate my own money? Miss me with that toxic mentality.
Keep that same energy when you’re still broke and bitter in 5 years. The rest of us will be compounding.
Now go and touch grass, Mr “Celebrate in silence.” Your misery is showing badly.

If you have really been posting your achievements in good faith, there is no reason why you should have responded to the post under reference.
He simply commented that the socio-economic situation is hard outside there, to the extent that a very few number of people have something extra to invest like us.
He therefore concluded that you should not use the rosy time we are currently enjoying in the ngx as indeces of the socio-economic situation in in the country, and use same indeces as parameter to praise the present government.
I don't think that there is any harm in this opposing reasoning faculty.
And I don't see any reason why this response should have generated any cantankerous steam from you my dear friend.
You can't be always right.
One love.

He simply shared his story and experience, which happens to be cheering to the ears. If what others have is all woes and suffering and they want to share it, they should just go ahead. There is no point trying to silence/diminish someone's success story because you feel it makes the government look good. Share your own and make the govt look bad.

Asangbekoko:
If you have really been posting your achievements in good faith, there is no reason why you should have responded to the post under reference.
He simply commented that the socio-economic situation is hard outside there, to the extent that a very few number of people have something extra to invest like us.
He therefore concluded that you should not use the rosy time we are currently enjoying in the ngx as indeces of the socio-economic situation in in the country, and use same indeces as parameter to praise the present government.
I don't think that there is any harm in this opposing reasoning faculty.
And I don't see any reason why this response should have generated any cantankerous steam from you my dear friend.
You can't be always right.
One love.

Asangbekoko:
If you have really been posting your achievements in good faith, there is no reason why you should have responded to the post under reference.
He simply commented that the socio-economic situation is hard outside there, to the extent that a very few number of people have something extra to invest like us.
He therefore concluded that you should not use the rosy time we are currently enjoying in the ngx as indeces of the socio-economic situation in in the country, and use same indeces as parameter to praise the present government.
I don't think that there is any harm in this opposing reasoning faculty.
And I don't see any reason why this response should have generated any cantankerous steam from you my dear friend.
You can't be always right.
One love.

He is right in his story and he will always be right. That is his realities. The same goes for anyone in their stories and realities.

He wasn't speaking for or against the government nor responsible for what the government should be responsible for.

People should learn and be able to differentiate the scope and space.