₦airaland Forum

Multi-Trex Integrated Foods Plc (MULTITREX) is preparing to resume trading on the Nigerian Exchange Limited (NGX) following a successful debt settlement that has cleared its balance sheet. The highly anticipated resumption aims to end a technical trading suspension that has kept the stock frozen for over a decade.

Complete Debt Clearance: Through a strategic partnership with N-Foods Universal Concept Limited (NFUC), Multi-Trex has fully liquidated its outstanding debt liabilities to the Asset Management Corporation of Nigeria (AMCON). The final tranche of the debt was settled at ₦3.18 per share, leaving the company with near-zero gearing and a lean balance sheet.

Filing Backlog Resolved: The cocoa processing giant has systematically updated its corporate compliance by submitting a decade-long backlog of financial filings spanning from 2014 through 2024.

Stagnant Stock Value: Due to the long-standing suspension, the stock price remains listed at its legacy value of ₦0.36 on the Nigerian Exchange. It retains an indicated market capitalisation of ₦2.24 billion across 6.23 billion outstanding shares.

24-Month Free Float Extension: Multi-Trex secured a conditional 24-month moratorium extension from NGX Regulation Company (NGX RegCo) lasting until January 14, 2028. This grants the firm a grace period to regularise its free float position.

Capitalisation Shortfall: Following its aggressive capital restructuring, the company's free float fell to 7.23% (valued at ₦117.46 million). This is short of the NGX Main Board requirement of maintaining a 20% free float or a minimum market capitalisation of ₦20 billion.

FY 2025 Downturn: In its audited financials for the year ended April 30, 2025, the company posted a net loss after tax of -₦471.0 million, contrasting with a ₦510.9 million profit in the previous year. Total turnover dropped to ₦47.9 million amid an intensive factory rehabilitation phase. No dividend was declared.

Favorable Import Ban: Management expressed strong long-term optimism, noting that the Federal Government's ban on processed cocoa imports positions local processors to supply domestic beverage giants like Nestle and Cadbury. Multi-Trex is actively retooling its facility to fully recommission its industrial production lines.

After 8 years of being suspended from the stock market, MultiTrex Plc is finally set to return back to the stock market at N0.36

Are you ready for it?

Pharma Deko Plc (PHARMDEKO) remains under a long-term technical trading suspension on the Nigerian Exchange (NGX), keeping its share price completely frozen at ₦1.83. On the operational side, the consumer health company has heavily leaned into regional public health campaigns and consumer activation drives to sustain its core brands.

Frozen Share Valuation: Because of its ongoing regulatory suspension, Pharma Deko’s share price has posted 0.00% volatility. The company maintains a locked-in market capitalisation of ₦396.78 million across 216.82 million outstanding shares.

Financial Accounting Deficit: Analysts highlight significant structural risks, noting that the firm's formal financial disclosures are severely delayed. Its small revenue base—historically under ₦470 million—and high operational overheads have limited near-term profitability, resulting in a 0.00% dividend yield.

Operational Demands: Historically, workers at its core manufacturing facility at the Agbara Industrial Estate in Ogun State have staged protests over management practices and asset degradation concerns, signaling internal operational headwinds.

Market Activations for Brett Mouthwash: To protect its retail market share, Pharma Deko has executed continuous, direct marketing campaigns across major Lagos markets. These activations focus on live sampling and building direct consumer engagement for its flagship Brett Mouthwash brand.

Institutional Oral Health Alliances: The company has sustained strategic partnerships to elevate its corporate branding. This includes joint initiatives with the Intercountry Centre for Oral Health for Africa (ICOH), Jos, designed to advance dental care awareness across local communities while driving product adoption.

Consumer Portfolio Maintenance: Beyond oral hygiene, the company is maintaining active distribution lines for its legacy segments, including consumer-facing carbonated soft drinks (such as Sans Cream Soda) and its clinical contract packaging and pharmaceutical syrup divisions.

Staco Insurance Plc (STACO) is currently racing against time to address severe capital deficits ahead of the statutory industry recapitalisation deadline set by the National Insurance Commission (NAICOM). Concurrently, the firm is aggressively filing a massive multi-year financial backlog to restore market compliance and lift its long-standing stock market suspension.

Severe Capital Deficit: Financial industry tracking reveals that Staco Insurance enters the final stretch of the sector-wide recapitalisation drive with no eligible capital on record, placing it in an inactive regulatory status. General insurers are legally mandated to scale their capital base up to a strict ₦15 billion threshold, creating major questions about NAICOM's looming compliance actions against the firm.

Deep Balance Sheet Distortions: The company recently pushed out severely delayed audited accounts revealing a staggering negative shareholders’ fund of -₦14.22 billion, which marks a massive erosion of its financial base. Its gross premiums written fell sharply by over 70% during that audit timeframe to just ₦677.13 million.

Partial Mid-Year Relief: In its subsequent HY interim financials, the group posted an 83.8% surge in gross premiums written to ₦2.23 billion and improved its net loss after tax by 78.9% (narrowing to a loss of ₦829.19 million). However, its core solvency margin remained heavily trapped at a negative ₦21.54 billion.

Stagnant Share Valuation: Staco Insurance shares remain locked in a technical trading suspension on the Nigerian Exchange (NGX), where they have been frozen since July 4, 2018, due to non-compliance. The equity price is locked at its legacy floor of ₦0.48, representing an implied market valuation of ₦4.48 billion.

Clearing the Filing Backlog: Under the supervision of Acting Managing Director Mrs. Nike Nihilola, the company secured regulatory approvals from NAICOM and the Financial Reporting Council of Nigeria to finally process its delayed corporate statements. Management has finalized back-filings and is progressing through later financial audits to formalize its position.

Brokerage Sector Endorsement: The Nigerian Council of Registered Insurance Brokers (NCRIB) recently extended a public commendation to Staco's management team. The council cited optimism regarding the insurer's ongoing operational revival plans and forward-looking capital injection roadmap.

International Subsidiary Pressures: In a parallel setback, global rating agency GCR suspended the financial credit ratings for Staco Insurance Company SL Limited (its Sierra Leone subsidiary) without review. The rating agency cited an extreme lack of financial information sufficiency after the subsidiary failed to provide its audited financial statements.

Unity Bank Plc and Providus Bank Limited have officially completed their high-profile consolidation to form a single, unified financial institution operating under the new name, ProvidusUnity Bank.

Supreme Court Dismissal: The Supreme Court delivered a definitive, unanimous judgment that dismissed the final legal challenges attempting to halt the transaction. The apex court invoked Section 22 of the Supreme Court Act to directly sanction the business combination. It ordered the dissolution of Unity Bank's board without winding up the company and mandated the immediate transfer of all its assets, liabilities, and undertakings to Providus Bank.

Commencement of Joint Operations: Following final regulatory greenlights from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), ProvidusUnity Bank formally launched unified customer operations.

Capital Threshold Clearance: The strategic combination successfully pushes the joint balance sheet past the ₦200 billion capital threshold mandated by the CBN's national banking recapitalisation framework, positioning the new tier-2 giant as a major industry competitor with an asset base estimated at roughly ₦5.3 trillion.

Suspension and NGX Delisting: Under the approved Scheme of Merger, Unity Bank Plc is slated to be fully suspended and delisted from the Nigerian Exchange Limited (NGX). Its entire issued share capital is being cancelled as part of the asset transfer.

Payout Mechanics: Unity Bank shareholders are being compensated under a structured scheme offering a choice between a cash payout of ₦3.18 per share or a stock swap converting 17 Unity Bank shares into 18 Providus Bank shares.

Operational Footprint & Tech Upgrade: The integration phase combines Providus Bank's advanced corporate digital infrastructure with Unity Bank’s legacy footprint of over 200 retail branches and deep agricultural banking heritage. Management has reassured retail account holders that access to banking channels, card networks, and deposit services remains completely secure and uninterrupted during the operational migration.

zendi:
Hmn, the recalcitrant Iran Regime have their own game too, incidentally. They're trying to bluff their way to a goal. The goal is to drag on the crisis with hope to help their allies, the Kpakus, unpatriotic US "Democrats" annihilate Trump's Republican Party in coming elections.

It sounds funny, but the Iranian Regime are themselves actually doing or aiding power shift, IN WASHINGTON.

This report of attack on infrastructure is to enable the senseless "Democrats" start accusing Trump of war crime, civilian targeting, genocide etc, as if Iran has not been rocketing merchant ships and firing missiles at neighbouring nations indiscriminately.

Well, you may be right!
But the attack on the 3 commercial ships by Iran during the ceasefire (causing the death of an Indian) has made Iran to lose the support and sympathy of most countries and stakeholders. Virtually no country is holding US back now. No one in Europe is saying anything to stop US now, unlike before
Iran played into the hands of the US this time around, that is why the US bombing has been more intense now.
If Trump is able to achieve what he wants, this war could also turn into the Republicans favour because the Iran issue has been there for long without anyone tackling it head on.

That is his way of life, He also said i will be selling my car etc to invest in ngx - I just thanked him and moved on.

lawani:
I don't know the kind of bot here that allows me to be insulted but blocks my response to the insult and bans me. Anyway, I need to say it does not portray you as mature or responsible to be telling someone you don't feed that he is poor and hungry. I don't need more than the money I spend and my life is richer than your life. How much per annum do you think a single person that is living in his own house needs in ABA per annum? How much do you pay your manager as you are big?

When I was in ife I was the biggest in GSM airtime wholesales by number of outlets, number of employees and structure. Not more than two people beat me in wholesales volume but I sold retail and also phones and I beat them when those are added. Thorough communications ventures. What was the name of your venture in Ile Ife? That you expect someone single in Ilesa to be spending 8000 dollars per annum show that you are not in tune with reality. Why did you even bring the conversation here? So because you have invested a little change from God knows where into the NGX you think you have arrived? Believe me it is poverty mentality to be bringing the issue of personal net worth into every discourse. You need to upgrade and this is a public forum where you can block people but can't stop them from replying to you which is why you should always engage intelligently

I am unemployed but I am not poor and my life is better and fuller than yours and that of your mentors

Just WOW

essentialone:
After 8 years of being suspended from the stock market, MultiTrex Plc is finally set to return back to the stock market at N0.36

Are you ready for it?

megawealth01:
Just WOW

Come and connect me to your stock broker that offers shares pre lifting of suspension a la Zichis

ppogba:
Na where una see dis one again?

This is H1 season. Half year results ( Q2) have started trickling in. Check your NGX website. More results are expected next week and by 31st of the month most will release their results for those that comply.

Am more interested on companies that pay interim dividend. I hope they will meet my expectations. African Prudential Registrar failed woefully with just N0.10k

jonnysessy:
This is H1 season. Half year results ( Q2) have started trickling in. Check your NGX website. More results are expected next week and by 31st of the month most will release their results for those that comply.

Am more interested on companies that pay interim dividend. I hope they will meet my expectations. African Prudential Registrar failed woefully with just N0.10k

I know it is the Interim O'clock.
I am expectant too.

But, the chairman responded that it was what they paid for the year.

Thank God you are affirming that it is interim for the HY. I will check my self.

I really the link boss

SonofElElyonRet:
Come and connect me to your stock broker that offers shares pre lifting of suspension a la Zichis

ISAAC FAYOSE

See the time of the night here and his name just came up on my screen

essentialone:
After 8 years of being suspended from the stock market, MultiTrex Plc is finally set to return back to the stock market at N0.36

Are you ready for it?

You sef don take over penny stocks from Mega

The truth is penny stocks gave me MEGAWEALTH

Agbalowomeri:
You sef don take over penny stocks from Mega

When I was buying ftn, CHAMS, JAPAUL etc they were 20kobo plus. I was patient for years before selling any of them. I still have many of them left. The monies too long and that's why they are AUDIO WEALTH

https://www.youtube.com/watch?v=iaGN_SjzQz0?si=U7zhlSTA68Kf2upz

The CBN should pivot to growth and ease up the rates...

https://www.youtube.com/watch?v=lCfZho0swzc?si=QRjFbpDuvJNwpN5n


Education system needs a revamp.

Nigeria's debt is moderate, still very sustainable.

STREETINVESTOR2 Here is my portfolio
Fidelity
Gtco
Zenith
UBA
Nahco
Ngx
Mtn
Dangote cement
PLEASE, kindly recommend 2 good stocks I can add and 1 penny stock. I will do my due diligence before investing? ( I will be investing for long time)

📊 Yesterday's closing prices didn't tell the whole story...

🏆 FIRSTHOLDCO closed at a new 52-week high, led turnover with ₦20.97B, and staged the session's strongest recovery (+19.4pp).

🏦 Bank strength broadened: FIDELITYBK extended to a 5-day winning streak, while ZENITHBANK, UBA and GTCO all closed green for a 4th straight session.

🚀 THOMASWY recorded the biggest volume surge, trading 13× its 30-day average.

💰 BUACEMENT traded 11× normal volume and recorded its largest single-session trading volume of 2026, yet closed flat and remained the week's biggest laggard (-19% WoW).

The close tells one story.
The tape tells many.

Kesta22:
STREETINVESTOR2 Here is my portfolio
Fidelity
Gtco
Zenith
UBA
Nahco
Ngx
Mtn
Dangote cement
PLEASE, kindly recommend 2 good stocks I can add and 1 penny stock. I will do my due diligence before investing? ( I will be investing for long time)

For me you have good portfolio. I sold all my fidelity at #21 for many reasons The remaining are ok
Buy wapco though best time would have been #300 and below but it does not matter since you are long time investor. So be buying gradual at different dips
For penny I still see it as penny stocks even as the price is #10 plus. So be trying to buy when you see #10 or below in dips...V group
I can't say about insurance companies now till they finish all these recapitalisation things so that we really see thr Os.Then see what they have been able to do with the funds in one or two quarters.
The v group guys are hustling like ucap guys to make money. They are ambitious guys

Streetinvestor2:
For me you have good portfolio. I sold all my fidelity at #21 for many reasons The remaining are ok
Buy wapco though best time would have been #300 and below but it does not matter since you are long time investor. So be buying gradual at different dips
For penny I still see it as penny stocks even as the price is #10 plus. So be trying to buy when you see #10 or below in dips...V group
I can't say about insurance companies now till they finish all these recapitalisation things so that we really see thr Os.Then see what they have been able to do with the funds in one or two quarters.
The v group guys are hustling like ucap guys to make money. They are ambitious guys

Thanks a lot

If I talk now them go say my own too much but they will not call the dog to order now.

How dare you call someone u don't feed or ever begged you for money poor.

Pls when did price/ cost become a standard for value, it's poor people that live by that standard, rich people use value as the yardstick for cost/price and not the other way round.

Any one more disrespect to that fellow will amount to agbako between me and you.

crownprince2017:
If I talk now them go say my own too much but they will not call the dog to order now.

How dare you call someone u don't feed or ever begged you for money poor.

Pls when did price/ cost become a standard for value, it's poor people that live by that standard, rich people use value as the yardstick for cost/price and not the other way round.

Any one more disrespect to that fellow will amount to agbako between me and you.

There's a three week block button. It makes threads sane

Once criminality has been established on a person on this thread. You can only try but no number of support group u look for can erase it.. I know you are desperately trying to achieve that but it is not possible as long as this group exists and that handle is not changed

I'm very sure your children will feel disappointed seeing their dad acting this way.

It's obvious you are surprised with the little money you are making, making you go crazy and be calling other people poor.

Those fake spare parts you they buy and resell as original in lagos, hand go soon touch all of una. Una go learn new things soon.

Omo abi n pabe..

searchng4love:
There's a three week block button. It makes threads sane

If I block the yeye, he go be like say I'm scared of his sen..$less criticism.


I no go block am but anytime he disrespect anybody, I will always come down to his level as that is the only language people like him understand.

megawealth01:
The truth is penny stocks gave me MEGAWEALTH

When I was buying ftn, CHAMS, JAPAUL etc they were 20kobo plus. I was patient for years before selling any of them. I still have many of them left. The monies too long and that's why they are AUDIO WEALTH

Even u urself no believam, that's y u keep calling it Audio. Patient dog de chop d go!!

essentialone:
Unity Bank Plc and Providus Bank Limited have officially completed their high-profile consolidation to form a single, unified financial institution operating under the new name, ProvidusUnity Bank.

Supreme Court Dismissal: The Supreme Court delivered a definitive, unanimous judgment that dismissed the final legal challenges attempting to halt the transaction. The apex court invoked Section 22 of the Supreme Court Act to directly sanction the business combination. It ordered the dissolution of Unity Bank's board without winding up the company and mandated the immediate transfer of all its assets, liabilities, and undertakings to Providus Bank.

Commencement of Joint Operations: Following final regulatory greenlights from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), ProvidusUnity Bank formally launched unified customer operations.

Capital Threshold Clearance: The strategic combination successfully pushes the joint balance sheet past the ₦200 billion capital threshold mandated by the CBN's national banking recapitalisation framework, positioning the new tier-2 giant as a major industry competitor with an asset base estimated at roughly ₦5.3 trillion.

Suspension and NGX Delisting: Under the approved Scheme of Merger, Unity Bank Plc is slated to be fully suspended and delisted from the Nigerian Exchange Limited (NGX). Its entire issued share capital is being cancelled as part of the asset transfer.

Payout Mechanics: Unity Bank shareholders are being compensated under a structured scheme offering a choice between a cash payout of ₦3.18 per share or a stock swap converting 17 Unity Bank shares into 18 Providus Bank shares.

Operational Footprint & Tech Upgrade: The integration phase combines Providus Bank's advanced corporate digital infrastructure with Unity Bank’s legacy footprint of over 200 retail branches and deep agricultural banking heritage. Management has reassured retail account holders that access to banking channels, card networks, and deposit services remains completely secure and uninterrupted during the operational migration.

I said it here that the majoriry owner of Provides bank is averse to public listing. Even the Insurance company where he is currently the major shareholder will go private after the recap exercise. He is just busy with the Providus/Unity Bank situation for now.

PropTrader:
I said it here that the majoriry owner of Provides bank is averse to public listing. Even the Insurance company where he is currently the major shareholder will go private after the recap exercise. He is just busy with the Providus/Unity Bank situation for now.

The newly consolidated entity, Providus-Unity Bank Limited, will initially operate as a private limited liability company. The bank intends to re-register as a public limited company only if its post-merger shareholder base exceeds 50 members.

Share Consideration: Trade your units for shares in the new bank at an exchange ratio of 18 ordinary shares of the Enlarged Bank for every 17 Unity Bank shares held.