₦airaland Forum

isaacosas01:
This isn’t good. Didn’t the ngx consider this before implementing T+1

I knew it that this Ngx every month transition will backfire one way or the other..

Beeron:
I'm sorry for saying too much sir. Apologies tendered.

Haba! You dey fear?
Just pulling your legs
Apologies not necessary, my brother. You have the right to air your opinions, even if it is not popular or anyone disagrees with you.
Let's just do so with civility and without personal insults or vulgar language

isaacosas01:
This isn’t good. Didn’t the ngx consider this before implementing T+1

NGX doesn't have to consider foreigners ahead of locals
And between, FTSE Russell is just trying to be dramatic because the implementation was made purposely because of foreigners, for ease of transactions and repatriation of funds, amongst others..

So if they are not comfortable with our policies, let's them carry their wahala and go.

For the past 2 or more years that NGX has been delivering, was it as a result of their classification in the first place?
We don't even want foreign participation in our market to be higher than that of indigenous', because they used to end up messing up such economy.

@Streetinvestor2, did you remember when one international Rating Agency was trying to do nonsense that year?
People told them to hold their ratings, and NGX even performed better thereafter...

Yoursfaithful:
I knew it that this Ngx every month transition will backfire one way or the other..

With inflation, exchange rates going up, companies delivering good results with wonderfuls ROIs, etc.....did we expect the prices to still remain kobo kobo that it used to be?
Prices of stocks are bound to adjust to economic realities, and thats what NGX does.
We could say it's a bit over-stretched but the adjustment was/is very necessary.....

Correction is currently going on....for how long or how low do we expect the prices to adjust to?

Anyway, FTSE Russell's classification was just to see how better they can make use of the opportunity the Frontier Market classification is presenting by trying to review it...
It was scheduled for September and they're getting back on it by August ending.....

In my opinion, the T+1 was made to even favour them more.....
It's in line with best practices worldwide.

isaacosas01:
This isn’t good. Didn’t the ngx consider this before implementing T+1

A pre-funded market is much better as it helps reduce liquidity risk in the market, which helps to boost market confidence.
The FTSE Russell review should lead to an improvement in the classification of NGX, unless they are up to something else.

They are always up to something else na

mikeapollo:
A pre-funded market is much better as it helps reduce liquidity risk in the market, which helps to boost market confidence.
The FTSE Russell review should lead to an improvement in the classification of NGX, unless they are up to something else.

https://www.youtube.com/watch?v=Aygltl-I9Hs?si=QQwmC0AViPw96H27

https://podcasts.apple.com/us/podcast/greenticker-ngx-daily-market-summary-june-30-2026/id1810406988?i=1000774880106



A summary of today's trading session on the NGX.

ProvidusUnity Bank Merger Finally Cleared as Bank Set to Begin Operations

Months of uncertainty surrounding the merger between Providus Bank and Unity Bank have finally come to an end after all legal, regulatory and shareholder approvals were secured, paving the way for the new institution, ProvidusUnity Bank, to commence operations.

The development marks the conclusion of a merger process that began nearly two years ago and is being seen as one of the most significant consolidations in Nigeria's banking industry in recent years.

The final hurdle was removed after the Supreme Court dismissed the last legal challenge against the merger, effectively affirming earlier approvals granted by the Central Bank of Nigeria (CBN), shareholders and other regulatory authorities.

The merger was initially announced in August 2024 as part of the CBN's broader banking sector reforms aimed at strengthening financial institutions, reducing systemic risks and protecting depositors.

According to the bank, the newly formed ProvidusUnity Bank combines Providus Bank's strength in digital banking, innovation and customer focused services with Unity Bank's nationwide branch network and extensive customer base. Management says customers should expect improved digital services, wider branch access and a broader range of financial products as integration progresses.

The bank also assured customers that the transition would be carefully managed to ensure uninterrupted banking services while gradually enhancing the overall customer experience.

Industry observers believe the merger comes at a strategic time as Nigerian banks race to meet the CBN's recapitalisation requirements, with stronger institutions expected to play a greater role in financing economic growth.

Reacting to the development, the President of the Association for the Advancement of Rights of Nigerian Shareholders, Dr. Faruk Umar, welcomed the merger, stating that it helped preserve the investments of Unity Bank shareholders and prevented the bank from facing greater financial challenges. He also urged the new entity to list its shares quickly so trading can resume on the Nigerian Exchange.

If successfully integrated, ProvidusUnity Bank is expected to emerge as a stronger national financial institution with greater capacity to compete in Nigeria's evolving banking landscape.

Streetinvestor2:
The guy wants people to take that thing he post as analysis serious. He thinks people on this thread are learners..
The whole bear bullshit is not my concern
I only believe what is affecting the market is political angle. All this over sabi TA na complete rubbish of sounding smart like anyone can time the market

The thing tire me

If you haven't received your OWN cash settlement, the chances of you getting the new shares might be high sha just use wisdom and prayer to follow the registrar and your broker... Sha don't fill any e-mandate form trick from the registrar if you do na you sabi sha

megawealth01:
ProvidusUnity Bank Merger Finally Cleared as Bank Set to Begin Operations

Months of uncertainty surrounding the merger between Providus Bank and Unity Bank have finally come to an end after all legal, regulatory and shareholder approvals were secured, paving the way for the new institution, ProvidusUnity Bank, to commence operations.

The development marks the conclusion of a merger process that began nearly two years ago and is being seen as one of the most significant consolidations in Nigeria's banking industry in recent years.

The final hurdle was removed after the Supreme Court dismissed the last legal challenge against the merger, effectively affirming earlier approvals granted by the Central Bank of Nigeria (CBN), shareholders and other regulatory authorities.

The merger was initially announced in August 2024 as part of the CBN's broader banking sector reforms aimed at strengthening financial institutions, reducing systemic risks and protecting depositors.

According to the bank, the newly formed ProvidusUnity Bank combines Providus Bank's strength in digital banking, innovation and customer focused services with Unity Bank's nationwide branch network and extensive customer base. Management says customers should expect improved digital services, wider branch access and a broader range of financial products as integration progresses.

The bank also assured customers that the transition would be carefully managed to ensure uninterrupted banking services while gradually enhancing the overall customer experience.

Industry observers believe the merger comes at a strategic time as Nigerian banks race to meet the CBN's recapitalisation requirements, with stronger institutions expected to play a greater role in financing economic growth.

Reacting to the development, the President of the Association for the Advancement of Rights of Nigerian Shareholders, Dr. Faruk Umar, welcomed the merger, stating that it helped preserve the investments of Unity Bank shareholders and prevented the bank from facing greater financial challenges. He also urged the new entity to list its shares quickly so trading can resume on the Nigerian Exchange.

If successfully integrated, ProvidusUnity Bank is expected to emerge as a stronger national financial institution with greater capacity to compete in Nigeria's evolving banking landscape.

yMcy56:
With inflation, exchange rates going up, companies delivering good results with wonderfuls ROIs, etc.....did we expect the prices to still remain kobo kobo that it used to be?
Prices of stocks are bound to adjust to economic realities, and thats what NGX does.
We could say it's a bit over-stretched but the adjustment was/is very necessary.....

Correction is currently going on....for how long or how low do we expect the prices to adjust to?

Anyway, FTSE Russell's classification was just to see how better they can make use of the opportunity the Frontier Market classification is presenting by trying to review it...
It was scheduled for September and they're getting back on it by August ending.....

In my opinion, the T+1 was made to even favour them more.....
It's in line with best practices worldwide.

Well said..👍 ...let's be hopeful ...

yMcy56:
NGX doesn't have to consider foreigners ahead of locals
And between, FTSE Russell is just trying to be dramatic because the implementation was made purposely because of foreigners, for ease of transactions and repatriation of funds, amongst others..

So if they are not comfortable with our policies, let's them carry their wahala and go.

For the past 2 or more years that NGX has been delivering, was it as a result of their classification in the first place?
We don't even want foreign participation in our market to be higher than that of indigenous', they used to end up messing up such economy.

@Streetinvestor2, did you remember when one international Rating Agency was trying to do nonsense that year?
People told them to hold their ratings, and NGX even performed better thereafter...

The ftse guys are not serious. What do they really want. For me you should even get you money immediately you sell in this digital revolution. Are all financial transactions this days not immediately debited/credited if thr is no network glitch.
Thr concern should be not having the ability to withdraw your fund and not this rubbish
I hope it is not another political angle that want to hit nse

deathwing:
Nobody is taking note. Buy it all by yourself.

yMcy56:
NGX doesn't have to consider foreigners ahead of locals
And between, FTSE Russell is just trying to be dramatic because the implementation was made purposely because of foreigners, for ease of transactions and repatriation of funds, amongst others..

So if they are not comfortable with our policies, let's them carry their wahala and go.

For the past 2 or more years that NGX has been delivering, was it as a result of their classification in the first place?
We don't even want foreign participation in our market to be higher than that of indigenous', they used to end up messing up such economy.

@Streetinvestor2, did you remember when one international Rating Agency was trying to do nonsense that year?
People told them to hold their ratings, and NGX even performed better thereafter...

I recall this.

I think it was Fitch, moody and these foreign renowed credit agencies that were downgrading Africans financial institutions and companies like African EXIM bank with low and poor credit ratings.
Making it difficult for Africa financial and business institutions to access more international funds an contracts and African businesses pay more interest on borrowed funds.

So Africa decided to initiate and create it's own Credit rating agency by Africans for Africans called Africa Credit Rating Agency-AFCRA that fairly rates African businesses and finance firms.
Since then it has boosted African chances of securing funding, contracts, fair borrowing rates and other influence with the rest of the world.

essentialone:
Has anyone received the Dividend of FCMB Bank Plc today?

Mine dividend just land now.

Segun Oloketuyi was the MD/CEO of Wema Bank Plc from June 2009 to July 2018, and he was the one leading the bank when ALAT launched.

ALAT connection:
1. ALAT launched May 2, 2017 as Nigeria’s first fully digital, branchless bank.
2. Oloketuyi fronted it: At the launch he said “ALAT is the bank for the future and it redefines the seamless relationship we have with our customers”. He also explained it in press statements at the time.
3. Tech push was his strategy: Wema’s statement on his retirement noted he “prioritised the use of technology to deliver improved service to customers, culminating into the launch of ALAT”.

He stepped down as Wema MD in July 2018 and was succeeded by Ademola Adebise.

Now he’s been appointed Board Chairman of Chams Holding Plc, taking over from founder Demola Aladekomo effective July 9, 2026.

The ex-Wema MD who drove Wema Bank ALAT, is now chairing Chams.

PZ FINANCIAL YEAR REPORT


https://doclib.ngxgroup.com/Financial_NewsDocs/47320_P_Z_CUSSONS_NIGERIA_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JUNE_2026.pdf

Good evening everyone. Please how can one get a stockbroker. I want to invest in shares. I haven't bought shares before. Please, I will appreciate insightful responses.Thanks.

unite4real:
PZ FINANCIAL YEAR REPORT


https://doclib.ngxgroup.com/Financial_NewsDocs/47320_P_Z_CUSSONS_NIGERIA_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JUNE_2026.pdf

Beautiful result. But market has the final say

Itzlinda:
I casually placed a buy order for wapco at 285 and the order got filled. I pray I'm not the greater fool 😂

Where is currentprice his bed sheet has not said anything this year.

dedoz:
Good evening everyone. Please how can one get a stockbroker. I want to invest in shares. I haven't bought shares before. Please, I will appreciate insightful responses.Thanks.

Download Cowrywise

People weh survive market heat for June, Welcome to July.

vibesdot001:
People weh survive market heat for June, Welcome to July.

I think July will be more bloody

Fingers crossed.

Slimdrive:
I think July will be more bloody

Slimdrive:
I think July will be more bloody

Blood done finish for body oo. Na to dey cry remain. I experienced the flip side of concentration this month. The probability of outsized gains also comes with the risk of outsized losses.

Beeron:
How come no one is talking about chams here.

I am 7% up already.

The "7up" man 👍

essentialone:
Segun Oloketuyi was the MD/CEO of Wema Bank Plc from June 2009 to July 2018, and he was the one leading the bank when ALAT launched.

ALAT connection:
1. ALAT launched May 2, 2017 as Nigeria’s first fully digital, branchless bank.
2. Oloketuyi fronted it: At the launch he said “ALAT is the bank for the future and it redefines the seamless relationship we have with our customers”. He also explained it in press statements at the time.
3. Tech push was his strategy: Wema’s statement on his retirement noted he “prioritised the use of technology to deliver improved service to customers, culminating into the launch of ALAT”.

He stepped down as Wema MD in July 2018 and was succeeded by Ademola Adebise.

Now he’s been appointed Board Chairman of Chams Holding Plc, taking over from founder Demola Aladekomo effective July 9, 2026.

The ex-Wema MD who drove Wema Bank ALAT, is now chairing Chams.

Also current Japaul chairman
There's this invisible link between Japaul and Chams

SonofElElyonRet:
Also current Japaul chairman
There's this invisible link between Japaul and Chams

Finally, someone else has agreed with me on what I have been saying for a very long time. This unspoken connection between the stock price of Chams and that of Japaul. Most times they are together. But when they are not, like now, sooner rather than later, one goes up or down in price, just to meet the other.


Watch it always...

Where's megawealth..... MIA since yesterday

Thanks a lot...

deathwing:
Download Cowrywise

https://www.youtube.com/watch?v=CASxIOziKgA?si=q4dwvMWYOAwvvOWV

https://podcasts.apple.com/us/podcast/ngx-premarket-july-1-2026/id1810406988?i=1000774948923



A few stocks I'd be watching in today's trading session on the NGX

PZ UFS '25

https://doclib.ngxgroup.com/Financial_NewsDocs/47320_P_Z_CUSSONS_NIGERIA_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JUNE_2026.pdf