₦airaland Forum

Jaakay:
Na wetin we want chop? Make oando release result...

Manage that one for now

*Breaking: NAICOM is now IRC* 🇳🇬

The Senate has officially passed the bill to rename *National Insurance Commission (NAICOM)* to *Insurance Regulatory Commission (IRC)* on Tuesday, July 21, 2026.

*Key details from the report:*

*1. Why the name change?*
Senate says the old name "NAICOM" was confusing given the history and make-up of the Nigerian Insurance Industry. The new name "IRC" is meant to be clearer.

*2. What the new bill does - Insurance Regulatory Commission (Establishment) Act, SB. 394*
Sponsored by Senator Adetokunbo Abiru, Chairman Senate Committee on Banking, Insurance and Other Financial Institutions.
- *Independence*: Strengthens the Commission’s independence - decisions without undue influence
- *More powers*: Can exchange info with local/international regulators, issue guidelines, and intervene in financially distressed insurers
- *Resolution powers*: Better tools to protect policyholders and preserve financial stability when insurers are failing
- *Board expertise*: New requirements that board members must have expertise in insurance, risk management, finance, law, and corporate governance

*3. Background*
NAICOM was established by the 1997 Decree. The Senate says that law is now "obsolete" and "unable to keep pace with the evolving nature of the insurance industry." NAICOM has been regulating insurers, brokers, loss adjusters, protecting policyholders and monitoring solvency since then.

*What this means*
It’s basically a rebrand + upgrade. Same regulator, new name, and stronger legal powers to match global best practices. The goal is better consumer protection and a more stable insurance sector.

The bill has passed 3rd reading in the Senate. It will still need House of Reps concurrence and Presidential assent to become law.

Good evening, I need your help in understanding what Morgan Capital is up to, some things are not adding up in my portfolio.
First , as at last Friday, the worth of my portfolio was reduced by about 27%, I am still trying to understand why & today, I bought ftncocoa, earlier it reflected among my stock in the portfolio & the cash was deducted from my cash balance, just now I checked & to my shock, the stock (ftncocoa) is not reflected in my list of stocks.

Please someone with knowledge of this things, should help me understand why this is happening.

newreality:
Good evening, I need your help in understanding what Morgan Capital is up to, some things are not adding up in my portfolio.
First , as at last Friday, the worth of my portfolio was reduced by about 27%, I am still trying to understand why & today, I bought ftncocoa, earlier it reflected among my stock in the portfolio & the cash was deducted from my cash balance, just now I checked & to my shock, the stock (ftncocoa) is not reflected in my list of stocks.

Please someone with knowledge of this things, should help me understand why this is happening.

If you have more than 20 stocks in your profile... Look for page number at the top right corner of your page and click it

newreality:
Good evening, I need your help in understanding what Morgan Capital is up to, some things are not adding up in my portfolio.
First , as at last Friday, the worth of my portfolio was reduced by about 27%, I am still trying to understand why & today, I bought ftncocoa, earlier it reflected among my stock in the portfolio & the cash was deducted from my cash balance, just now I checked & to my shock, the stock (ftncocoa) is not reflected in my list of stocks.

Please someone with knowledge of this things, should help me understand why this is happening.

Suggest you request for CSCS statement for true position.

feelamong:
The rebranding contract is one of the easiest and juiciest ways to chop/loot easy money na

Na true ooo! Na wa oo

https://www.youtube.com/watch?v=pFsjEbbUisY

A summary of today's trading session on the NGX

Raider76:
Actually this gets me worried. I have observed a pattern. Any time results are due you will see a flurry of PR media reports. These are usually followed by announcements of delays in releasing results or release of bad results.

Your "monitoring spirit" must be very strong and effective"

Agbalowomeri:
Preparing the ground for Q2 bomb

Any bomb that can make Access Bank drop to N21 and below is highly welcome. I have loaded Access but i am still hungry for more. This type of open-end opportunity only comes once in a blue moon. As long as Access stays in the range of N21 to N24, i will keep buying; even if it requires me to sell lands and other properties.

ppogba:
Do you need a criteria when you have the money to buy what is for sale?

You funny gaaan ni o

I guess your consciousness is seeing funny things.
In reference to my post, what has giving awards got to do with buy and sell?

All the stocks I have is on one page excluding ftncocoa.
& I don't know why the total value of the stock on the dashboard got reduced by almost 27% for not just reason

Mfunkynation:
If you have more than 20 stocks in your profile... Look for page number at the top right corner of your page and click it

Okay, Sie

edwardaigb:
Suggest you request for CSCS statement for true position.

You don't mean it?

222Martins:
Any bomb that can make Access Bank drop to N21 and below is highly welcome. I have loaded Access but i am still hungry for more. This type of open-end opportunity only comes once in a blue moon. As long as Access stays in the range of N21 to N24, i will keep buying; even if it requires me to sell lands and other properties.

222Martins:
Any bomb that can make Access Bank drop to N21 and below is highly welcome. I have loaded Access but i am still hungry for more. This type of open-end opportunity only comes once in a blue moon. As long as Access stays in the range of N21 to N24, i will keep buying; even if it requires me to sell lands and other properties.

Don't worry you will get it at N15 soon

Werey la fin wó werey... Iran can't hold the global economy ransom. The financial markets must blossom...

I sha don't want bloodshed

AMEN. I go sell many shares to buy am

Agbalowomeri:
Don't worry you will get it at N15 soon

Agba wetin you do these Genz of nairaland bayi?

newreality:
Good evening, I need your help in understanding what Morgan Capital is up to, some things are not adding up in my portfolio.
First , as at last Friday, the worth of my portfolio was reduced by about 27%, I am still trying to understand why & today, I bought ftncocoa, earlier it reflected among my stock in the portfolio & the cash was deducted from my cash balance, just now I checked & to my shock, the stock (ftncocoa) is not reflected in my list of stocks.

Please someone with knowledge of this things, should help me understand why this is happening.

Someone said something earlier about their issue being the old WAPCO. I find the story to corroborate my own case too. At the first login view, my portfolio value reduced significantly. When I viewed the portfolio summary, it's complete.

Also, I have CSCS monitoring account and none of brokers' portfolio value - including that of Morgan Capital - is affected.

I will call them tomorrow to try and reconcile holdings with HBMNG with the values of old WAPCO shares.

222Martins:
Any bomb that can make Access Bank drop to N21 and below is highly welcome. I have loaded Access but i am still hungry for more. This type of open-end opportunity only comes once in a blue moon. As long as Access stays in the range of N21 to N24, i will keep buying; even if it requires me to sell lands and other properties.

If you can buy at #24.why can't u buy at 26.
Abi na lamba u just dey post in defence

ACCESSCORP Positioned as Nigeria’s Credit Cycle Turns

Access Holdings Plc remains Nigeria's most systemically significant financial institution, commanding the largest balance sheet on the NGX and operating across retail, corporate, and investment banking segments spanning over a dozen African markets.

https://ewnation.com/accesscorp-positioned-as-nigeria-s-credit-cycle-turns/

Not financial advice.

ZENITHBANK Profit Growth Anchors Nigeria’s Top Lender

Zenith Bank Plc continues to assert its position as one of Nigeria's most profitable commercial banks, consistently posting top-tier return on equity and net interest margins that outpace peers on the Nigerian Exchange.

https://ewnation.com/zenithbank-profit-growth-anchors-nigeria-s-top-lender/

Not financial advice.

https://www.youtube.com/watch?v=i4yRjvuBjto?si=oGDhfAaO_QmmlElG

Thoughts on CMFC and a few other stocks I'd be watching closely in today's trading session.

Hey Gurus in the house, what happened to PRESCO's 2025 final dividend? I understood that it was declared, was it paid?

Thank you!

megawealth01:
Werey la fin wó werey... Iran can't hold the global economy ransom. The financial markets must blossom...

I sha don't want bloodshed

That's the currency of war

Same here bro! I have so much faith that the bank will deliver for the patient.

222Martins:
Any bomb that can make Access Bank drop to N21 and below is highly welcome. I have loaded Access but i am still hungry for more. This type of open-end opportunity only comes once in a blue moon. As long as Access stays in the range of N21 to N24, i will keep buying; even if it requires me to sell lands and other properties.

Curiouscity:
Hey Gurus in the house, what happened to PRESCO's 2025 final dividend? I understood that it was declared, was it paid?

Thank you!

Presco declared that N14.66 dividend subject to approval by the AGM. They are yet to hold that AGM.

They usually do so from late July to early September.

Sunrisepebble:
RE the bolded: I have just run my numbers for Wapco based on info available to me. My end of next year target N700, which might even be conservative
NFA/DYOR

This is too ambitious. I think N500 is possible by December 2026

You don't mean it

Sunrisepebble:
RE the bolded: I have just run my numbers for Wapco based on info available to me. My end of next year target N700, which might even be conservative
NFA/DYOR

emmanuelewumi:
This is too ambitious. I think N500 is possible by December 2026

You don show, any better?

emmanuelewumi:
This is too ambitious. I think N500 is possible by December 2026

He said end of next year. So December 2027.

Welcome back sir.

NSEstudent:
Presco declared that N14.66 dividend subject to approval by the AGM. They are yet to hold that AGM.

They usually do so from late July to early September.

They declared #42 to be paid next month on the 6th

emmanuelewumi:
This is too ambitious. I think N500 is possible by December 2026

welcome back
Even #400 is ok for me as they improve on the dividend

Streetinvestor2:
They declared #42 to be paid next month on the 6th

N42 has to be the total dividend after adding the two interim dividends they have paid.

What they are yet to pay is the final dividend of N14.66 after AGM.

I haven't seen their schedule for 6th August and none is on the NGX portal.