Nigerian Stock Exchange Market Pick Alerts - Investment (10636) - Nairaland
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| Re: Nigerian Stock Exchange Market Pick Alerts by Oasisblue: 10:19am On Jun 15 |
Dem don crash Aradel to 1665 o. 4 billion Naira worth sold at 1665. 3 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by deathwing(m): 10:23am On Jun 15 |
Salarys:Same here |
| Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 10:24am On Jun 15*. Modified: 11:50am On Jun 15 |
Good morning bnsiTL. This one is to make you laff., though true story.  One kpakus simbol of a nation called Curacao came to the World Cup and managed to score 1 goal against the Germans. Then all the media are reporting it, some even celebrating, as if the Curacans have lifted the world trophy. Did people think they all came to the world cup one-legged, and the Germans two? Meanwhile the German juggernaut got annoyed and sent them away, with a basket-load of 7 goals, to go and look for their mates, if any. Happy trading week everyone. 6 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 10:26am On Jun 15*. Modified: 11:24am On Jun 15 |
Oasisblue:Aradel that is heading to sub #1000. Meanwhile Market mood right now 5 Likes
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| Re: Nigerian Stock Exchange Market Pick Alerts by Oasisblue: 10:30am On Jun 15 |
LOL. Aradel wont go to sub 1000 UNLESS their Q1 results are poor, which I highly doubt due to the gulf war anticipated windfall PETERiCHY: |
| Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:44am On Jun 15 |
Oasisblue:Aradel that I will sell it his year at 3k. 4 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by ojesymsym: 10:51am On Jun 15 |
Since I expressed concerns earlier, it is also only fair to announce that I transferred to my account this morning and within 2 hrs or less, the money reflected. ojesymsym: 10 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 11:50am On Jun 15 |
For those DOUBTING THOMASES that aren't PROACTIVE but BUSY checking who's phone BATTERY is low or high instead of WATCHING and SECURING their KAYA. . This evidence that whenever OIL PRICEs sneeze NGX follows suit BARGAIN HUNTERS TAKE NOTE! 7 2 Likes
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| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 11:52am On Jun 15 |
https://doclib.ngxgroup.com/Financial_NewsDocs/47174_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_JUNE_2026.pdf Oando is tired of giving new dates for the release of their Report. This time, they say it is till Further Notice... |
| Re: Nigerian Stock Exchange Market Pick Alerts by jckgroup1(m): 11:56am On Jun 15 |
essentialone: |
| Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 12:02pm On Jun 15 |
zendi:A country of about 120,000 people reaching the world cup. That alone is worth celebrating... You wey you dey talk... Your country dey there? 3 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:07pm On Jun 15 |
essentialone:Lol Oando and delays! But what are the obligations of the FRCN in this delay? Does FRCN have timelines within which they review a company's financial statements and issue a report? Is Oando telling lies against FRCN? 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:09pm On Jun 15 |
essentialone:I think the results are beyond OANDO's jurisdiction for now..... The Financial Reporting Council is the one delaying the result according to the Press Release. 3 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 12:14pm On Jun 15 |
essentialone:  1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:15pm On Jun 15 |
The delay in publishing Regency Alliance Insurance Plc’s latest financial reports is primarily due to actuarial valuation bottlenecks. Reason for the Delay According to the company's official corporate disclosure sent to the Nigerian Exchange Limited (NGX), the primary holdup stems from the completion of the mandatory actuarial valuation report. Actuarial Complexities: The company’s appointed actuaries are working concurrently with External Auditors to resolve valuations that must be officially integrated into the figures. Systemic Regulatory Overhaul: This follows historical, industry-wide operational friction linked to transitioning accounting frameworks (migrating from IFRS 4 to IFRS 17 metrics), alongside ongoing regulatory reviews by the National Insurance Commission (NAICOM). Affected Financial Reports Because the foundational data from the year-end audits is still pending, multiple reports have faced a domino effect: 2025 Audited Financial Statements (AFS) 2026 First Quarter Unaudited Financial Statements (Q1 UFS) Expected Resolution Date Management has officially communicated that they expect to finalize the actuarial review and submit both sets of outstanding financial statements on or before Friday, 30th June 2026. |
| Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 12:19pm On Jun 15 |
yMcy56:Which month did they send the report? Make dem no blackmail the reporting council |
| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:21pm On Jun 15 |
The delay in publishing Aluminium Extrusion Industries Plc’s latest annual financial reports stems from a combination of severe operational disruptions, macroeconomic distress, and compounding regulatory compliance issues. Primary Reasons for the Delay Severe Operational Disruption (Robbery Shock): In corporate disclosures to the Nigerian Exchange Limited (NGX), the company flagged a major security breach and robbery incident at its facilities. This severely disrupted day-to-day manufacturing operations, complicated the physical reconciliation of assets, and delayed internal bookkeeping processes. Macroeconomic and Cash Flow Distress: The company transitioned into a severe net loss position. It is grappling with a steep decline in top-line revenue, negative operating cash flow, and a shrinking asset base primarily due to impairments on property, plant, and equipment. This financial stress slowed down the completion of standard external audit procedures. Free Float Structural Deficiencies: According to market tracking reports, Aluminium Extrusion Industries has simultaneously fallen into a regulatory breach regarding its free float threshold (the minimum percentage of shares that must be held by the public). Dealing with regulatory waivers and restructuring its ownership profile has diverted corporate resources away from reporting timelines. Regulatory Status Due to these back-to-back challenges, ALEX has joined the NGX watchlist of over 30 firms facing default penalties or compliance compliance timelines. The stock currently carries an Below Minimum Listing Standard [BMF] tag on the NGX Trading Board. |
| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:24pm On Jun 15 |
The delay in publishing Aradel Holdings Plc’s latest financial reports is due to complexities from a major equity corporate acquisition. Primary Reason for the Delay According to corporate disclosures filed by Aradel Holdings Plc with the Nigerian Exchange Limited (NGX), the holdup stems directly from its recent acquisition of an additional 40% equity interest in ND Western Limited. Consolidation Backlog: The inclusion of this substantial stake requires integrating ND Western Limited's numbers into the Group's larger financial reporting framework. Regulatory Compliance: Management and external auditors require extra time to ensure the statements accurately reflect the enlarged Group's position under applicable accounting standards. Affected Financial Reports Because the year-end books for the main group cannot close without this component, two primary reports are delayed: FY 2025 Audited Financial Statements (AFS) Q1 2026 Unaudited Interim Financial Statements Revised Expected Publication Date Aradel initially targeted May 29, 2026, for the release. However, after encountering unforeseen technical hurdles during consolidation, the company officially extended its filing timeline. Both financial reports are now scheduled to be published on or before Friday, 19th June 2026. 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:28pm On Jun 15 |
The delay in publishing Caverton Offshore Support Group Plc’s latest financial reports is primarily due to unresolved audit procedures and subsequent data reconciliation blockages. Primary Reasons for the Delay Incomplete External Audit Framework: According to corporate filings submitted to the Nigerian Exchange Limited (NGX), Caverton missed its initial deadline because its comprehensive external audit was still ongoing. The company noted that additional complex review procedures and final clearances required extra validation time with its external auditors. Reconciliation and Verification Errors: In a subsequent corporate action press release, management revealed that finalizing the subsequent interim books has been further delayed by complex, ongoing account reconciliation and validation issues across its operating segments. Affected Financial Reports The accounting backlog has created a standard domino effect, putting two major sequential reporting periods into regulatory default: FY 2025 Audited Financial Statements (AFS) (Initially due on March 31, 2026) Q1 2026 Unaudited Financial Statements (UFS) (Initially due on April 30, 2026) Current Status & Filing Extension The company previously targeted early May 2026 for a unified submission. However, because the primary audit synchronization remains open, the final approved reports are still pending publication on the Caverton Financial Portal. |
| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:31pm On Jun 15 |
The delay in publishing Cornerstone Insurance Plc’s latest financial reports is primarily due to a recent change in their external audit firm and cascading regulatory approvals. Primary Reasons for the Delay External Auditor Transition: In an official regulatory disclosure to the Nigerian Exchange Limited (NGX), Cornerstone Insurance revealed that it transitioned its external audit account from KPMG Professionals to Deloitte & Touche. This auditor rotation necessitated substantial onboarding time, asset handovers, and extended procedures to verify historical figures. Mandatory Regulatory Approvals: Because it operates within a highly regulated sector, the company's financial statements must pass rigorous pre-clearance evaluations by its primary industry regulator, the National Insurance Commission (NAICOM), before they can be made public on the NGX Trading Portal. Parallel Corporate Restructuring: Simultaneously, Cornerstone is navigating an extensive operational unbundling required by the Nigeria Insurance Industry Reform Act (NIIRA). This structural split involves transferring composite insurance operations into distinct corporate entities (Cornerstone Life Assurance Limited and FIN Insurance Company Limited), which has further constrained internal financial reporting resources. Affected Financial Reports The transition backlog has caused a sequential filing bottleneck, impacting multiple reporting cycles: FY 2025 Audited Financial Statements (AFS) Q1 2026 Unaudited Financial Statements (UFS) Current Status The company's Board of Directors met to evaluate the draft financial reports and coordinate final revisions. Management is working closely with Deloitte & Touche alongside NAICOM to secure the necessary regulatory sign-offs. |
| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:36pm On Jun 15 |
The delay in publishing Japaul Gold & Ventures Plc's latest corporate financial statements is primarily due to unresolved third-party confirmations and delays in the comprehensive verification of accounts by external auditors. Primary Reasons for the Delay Pending External Third-Party Audit Confirmations: In official notifications to the Nigerian Exchange Limited (NGX), Japaul stated that its external auditors have experienced bottlenecks in receiving key independent verifications and confirmations from major third-party vendors and partners. The audit firm has maintained a strict stance against finalizing the books with uncovered financial loopholes. Operational Restructuring & Diversification Triggers: The company is navigating a major capital-intensive transition from its legacy maritime logistics business into core mining and natural resource extraction. This includes the recent launch and test-running of its pilot gold-processing facility at the Libeli Mine site in Niger State. Reconciling initial operational and equipment setups has heavily stretched the internal accounting team's financial reporting timelines. Affected Reporting Cycles Because the final consolidated full-year baseline parameters remain open under audit, a cascading backlog has delayed: The Group's Audited Financial Statements (AFS 2025) Unaudited Quarter 1 2026 Interim Statement Current Operational Status The delay is purely compliance-driven and has not slowed down market traction. In fact, due to its strategic focus on gold mining, Japaul Gold was recently newly admitted into the prestigious NGX Oil & Gas Index benchmark tracker. |
| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:39pm On Jun 15 |
The delay in publishing LivingTrust Mortgage Bank Plc’s latest financial reports is primarily due to an extended, unscheduled regulatory special examination. Primary Reasons for the Delay Regulatory Special Examination: According to corporate filings sent to the Nigerian Exchange Limited (NGX) and the Securities and Exchange Commission (SEC), the bank has been undergoing a detailed financial systems strengthening audit. This unexpected special regulatory examination completely overlapped with the bank's standard internal audit timeline, bringing unforeseen processing delays to its financial review. Macro Environment Challenges: This regulatory scrutiny coincides with heightened oversight requests regarding the bank's historical shareholding structures and corporate governance frameworks. Affected Financial Reports Because NGX rules require that full-year audited parameters must be finalized and filed before subsequent quarters can be logged, the regulatory exam has created a double bottleneck: FY 2025 Audited Financial Statements (AFS) Q1 2026 Unaudited Financial Statements (UFS) Current Status & SEC Extension The Securities and Exchange Commission initially granted an extension until April 30, 2026, to allow the bank to wrap up the audit. However, because the primary regulatory sign-off remains ongoing, the SEC has graciously approved a further extension. This allows LivingTrust Mortgage Bank to publish both sets of delayed statements immediately upon receiving final clearance from its primary monetary regulators. |
| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:42pm On Jun 15 |
The delay in publishing Oando Plc’s latest financial reports is primarily due to the complex system integration and migration following its landmark acquisition of the Nigerian Agip Oil Company Limited (NAOC). Primary Reasons for the Delay Post-Acquisition System Integration: Following the multi-billion dollar acquisition of NAOC, Oando has been merging the legacy Enterprise Resource Planning (ERP) frameworks of both entities. This massive operational migration requires syncing completely different financial databases (such as SAP and Oracle Fusion). Data Auditing Complexities: Management noted that consolidating the books has necessitated extensive testing, the alignment of conflicting accounting policies, and a comprehensive harmonization of reporting frameworks. This is critical to ensure full compliance with international financial reporting standards (IFRS 3). Mandatory Regulatory Review: The initial data hurdles pushed back production timelines. While the Board of Directors has since finalized and approved the drafts, the books must now undergo a mandatory legal clearance process with the Financial Reporting Council of Nigeria (FRCN) before public release. Affected Financial Reports Because year-end consolidated books must close before subsequent windows can be finalized, the backend bottleneck has created a dual delay: FY 2025 Audited Financial Statements (AFS) (Initially due March 31, 2026). Q1 2026 Unaudited Financial Statements (UFS) (Initially due April 30, 2026). Current Status and Expected Release Dates According to the company's latest corporate updates filed on the Nigerian Exchange Limited (NGX), the financial reports are progressing through final regulatory channels: FY 2025 Audited Financial Statements: Expected to be publicly published immediately upon receiving final clearance from the FRCN. Q1 2026 Unaudited Financial Statements: Management has officially scheduled this publication to go live on or before Tuesday, 30th June 2026. |
| Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:48pm On Jun 15 |
Red Star Express Plc operates on a non-standard financial year that runs from April 1st to March 31st of the following year. Consequently, its reporting deadlines differ entirely from companies that run on a traditional January-to-December calendar: 1. Compliance Status & Reporting Cycle Up-to-Date Filings: On May 4, 2026, the company timely released its Redstar Express Q4 2026 Interim Report for the fourth quarter and full-year period ending March 31, 2026. Standard Grace Period: Under the Nigerian Exchange Limited (NGX) rules, companies with a March 31st financial year-end are granted a 90-day grace period to submit their fully Audited Annual Financial Statements (AFS). Filing Deadline: Red Star Express Plc has until June 29, 2026, to upload its fully audited annual books. As a result, it is completely in compliance with regular exchange guidelines. 2. Strong Performance Indicators The latest unaudited metrics from their Q4 Financial Summary show that the company has maintained steady operational momentum rather than facing reporting distress: Group Turnover: Surged to ₦23.51 billion, indicating an 8.5% increase from the ₦21.66 billion recorded in the previous cycle. Profit After Tax (PAT): Skyrocketed by 60.3% to ₦876 million, up from ₦546.52 million. Total Assets: Expanded by 7.3% to reach ₦11.03 billion. 3. Market standing Due to this robust operational performance and consistent compliance, the Red Star Express Stock has avoided the penalty watchlists affecting other late-filing firms. In fact, it has gained over 250% year-to-date, making it one of the top-performing equity tickers on the NGX board. |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 12:48pm On Jun 15 |
Agbalowomeri:Agba so you are laughing at those of us trapped in OANDO..  Well Wale is synonymous with forward looking statement, let alone now that oil prices is tanking. From the look of things OANDO is heading back to circa #45 BARGAIN HUNTERS TAKE NOTE! 2 Likes
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| Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 12:49pm On Jun 15 |
PETERiCHY:The fall of oil that I expected has begun and it is going to be a long cold winter. Iran coming online, Venezuela coming online, Russia downloading. We are here for it 2 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 12:50pm On Jun 15 |
Oasisblue:The journey has just begun |
| Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 12:51pm On Jun 15 |
Mpeace:Lets be watching na. Oil that is going sub $50 |
| Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:53pm On Jun 15 |
PETERiCHY:You will sha not stay in one place with your jumping in and out....... If another news comes up tomorrow again you rush in.... Has Iran replied? Na wa for you o 😁 |
| Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:55pm On Jun 15 |
nosa2:I don't see ARADEL's transactions as crashing but as earlier heavy cross deals, at least so far.... The market is still retailers market for now from my observation..... The release of the results may change the game again..... Q2 is almost over and they are expected to have made massive gains for Q2.. I may be wrong but results will clear things. The cross deals attached....in billions of Naira..
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| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 12:57pm On Jun 15 |
yMcy56:A BIRD at HAND is WORTH 2million in the BUSH- African Proverb BARGAIN HUNTERS TAKE NOTE!  3 Likes
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| Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:00pm On Jun 15 |
PETERiCHY:So what happened to your circa N100? Or you just wake up and type whatever comes to your mind?  You may still end up pursuing the stock at your same circa 100, you sabi pursue Molue 😁 2 Likes 1 Share |
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