₦airaland Forum

The president occupies a rent-free apartment in your head. You better face your stock trading and secure your financial security. None of Atiku, Tinubu, Obi, Amaechi, Shetimma or Kwankwaso will bring any new Nigeria. They are all cut from the same fabric. No matter how much Nigerians continue deceiving themselves.

Streetinvestor2:

Tinubu’s academic record is still questionable - Atiku pic.twitter.com/DcZJIEz7rr

— Abdul Rasheeth (@Rasheethe) August 2, 2026

Atiku just mentioned drug baron
He needs to be sued....lol

But Union Bank has gone private. The Titan Trust Bank took it private. Remember, it used to be the Elephant and the Stallion dominating the Nigerian Banking industry. So nothing is impossible.

emmanuelewumi:
CBN will not allow First Bank to go private.

The core investors of Total Energy, Presco, Okomu, MTN, Airtel, Dangote Cement, HBM, BUA cement, BUA foods, Nestle, Cadbury, Nigeria brewery and many companies have more 60% of their companies shares and they are not private.

Femi Otedola needs First Bank to be on the the stock exchange for bragging rights and Forbe rating tinz

emmanuelewumi:
CBN will not allow First Bank to go private.

The core investors of Total Energy, Presco, Okomu, MTN, Airtel, Dangote Cement, HBM, BUA cement, BUA foods, Nestle, Cadbury, Nigeria brewery and many companies have more 60% of their companies shares and they are not private.

Femi Otedola needs First Bank to be on the the stock exchange for bragging rights and Forbe rating tinz

Sentimental analysis Just say you want to keep holding shares there

presiade:
But Union Bank has gone private. The Titan Trust Bank took it private. Remember, it used to be the Elephant and the Stallion dominating the Nigerian Banking industry. So nothing is impossible.

Union Bank was a carcass and the original shareholders were wiped out

SonofElElyonRet:
Sentimental analysis Just say you want to keep holding shares there

I don't have First Bank shares. I only have GTCO, Stanbic IBTC and Zenith bank shares

megawealth01:
They two go enter red before your very eyes👀

If Japaul enter red I'll be happy. Wonderful opportunity to load up.
I no go allow Ellah enter red before I sell. I don dey sell sef. Na my savings account. Anytime I need money, I sell small

emmanuelewumi:
I don't have First Bank shares. I only have GTCO, Stanbic IBTC and Zenith bank shares

Issorite

JEGEDE is better than Wale at least for now sha

SonofElElyonRet:
If Japaul emter road I'll be happy. Wonderful opportunity to load up.
I no go allow Ellah enter red before I sell. I don dey sell sef. Na my savings account. Anytime I need money, I sell small

Still, if Otedola really desires to take FBNH private, the CBN cannot legally stop him. Nothing is impossible. However, Femi’s obsession with the Forbes list will make him retain it as a public company.

emmanuelewumi:
Union Bank was a carcass and the original shareholders were wiped out

Oasisblue:
The president occupies a rent-free apartment in your head. You better face your stock trading and secure your financial security. None of Atiku, Tinubu, Obi, Amaechi, Shetimma or Kwankwaso will bring any new Nigeria. They are all cut from the same fabric. No matter how much Nigerians continue deceiving themselves.

Thank God you know the head is my own snd not your fathers head..lol

He sold his FBN long ago

SonofElElyonRet:
Sentimental analysis Just say you want to keep holding shares there

OTEDOLA can't move a whole FBN to his private estate... What he is doing with FBN is his normal style and when he is done with FBN una go still come here cry or rejoice...

Bookmark this

emmanuelewumi:
Union Bank was a carcass and the original shareholders were wiped out

Dem wipe me join

My 500 billion trillion gone too soon

Agbalowomeri:
Dem wipe me join

My 500 billion trillion gone too soon

How come a whole Agba come fall join?

mikeapollo:
How come a whole Agba come fall join?

You no fit get rags reach agbalagba na

The day Nigerians realise this fact they will face God and God alone to help them.
Politicians dont love anyone but themselves.

Oasisblue:
The president occupies a rent-free apartment in your head. You better face your stock trading and secure your financial security. None of Atiku, Tinubu, Obi, Amaechi, Shetimma or Kwankwaso will bring any new Nigeria. They are all cut from the same fabric. No matter how much Nigerians continue deceiving themselves.

ARADEL. ±
CONOIL. ±
ETERNA. +10.00%
OandO. -4.78%
SEPLAT. ±

Oasisblue:
The president occupies a rent-free apartment in your head. You better face your stock trading and secure your financial security. None of Atiku, Tinubu, Obi, Amaechi, Shetimma or Kwankwaso will bring any new Nigeria. They are all cut from the same fabric. No matter how much Nigerians continue deceiving themselves.

The other day I went for an interview/screening, they asked for all my certificates, including primary and secondary, and anything and every thing I said I had studied or enrolled in.
But somehow some people, presumably rational citizens, think it is okay, for a whole president to blank out details of this primary and secondary education in his INEC form?
What is he hiding? This casts serious doubts on the integrity of the person heading and leading the country. And leadership is all about integrity!

I wont say anymore now/today, so I wont be accused of derailing the thread.

faoogoke:
The day Nigerians realise this fact they will face God and God alone to help them.
Politicians dont love anyone but themselves.

Is God that is helping other countries but hates nigeria abi.You are talking to someone who doesn't know the limit of spirituality in nigeria problems. God has already helped nigeria by blessing the country with abundance. It is not God to decide our leaders. It is man made decisions via political involvement. The days God sends prophets to go anoint someone with oil as the choosen leader is far gone

You still dey on this Jagaban talk? 😂

mikeapollo:
The other day I went for an interview/screening, they asked for all my certificates, including primary and secondary, and anything and every thing I said I had studied or enrolled in.
But somehow some people, presumably rational citizens, think it is okay, for a whole president to blank out details of this primary and secondary education in his INEC form?
What is he hiding? This casts serious doubts on the integrity of the person heading and leading the country. And leadership is all about integrity!

I wont say anymore now/today, so I wont be accused of derailing the thread.

OANDO sha

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. +10.00%
OandO. -4.78%
SEPLAT. ±

megawealth01:
You still dey on this Jagaban talk? 😂

Sometimes, shame dey catch me as some Nigerians dey reason or talk.
Crass ignorance and foolishness is not making us think and behave properly. That is why the country is the way it is.

megawealth01:
OANDO sha

Oando is doing like crypto now.
You be expert na?

How you take know sef? E be confirm gambling stock

mikeapollo:
Oando is doing like crypto now.
You be expert na?

Jagaban has different faces na abi na identity sef?

mikeapollo:
Sometimes, shame dey catch me as some Nigerians dey reason or talk.
Crass ignorance and foolishness is not making us think and behave properly. That is why the country is the way it is.

Otedola grants first-ever interview since becoming First HoldCo Chairman
https://nairametrics.com/2026/08/03/the-femi-otedola-interview-why-im-betting-my-fortune-on-first-holdco/

Someone should publish full list of companies that have declared interim dividend in 2026

mikeapollo:
How come a whole Agba come fall join?

Emotional attachment. His old was a retiree of the bank

StockJamesStock:
Otedola grants first-ever interview since becoming First HoldCo Chairman
https://nairametrics.com/2026/08/03/the-femi-otedola-interview-why-im-betting-my-fortune-on-first-holdco/

Nairametrics: You have built a reputation as an investor who identifies undervalued businesses, helps unlock their value, and, in some cases, exits after the turnaround is complete. Should shareholders view your investment in First HoldCo as a long-term generational commitment, or do you see yourself eventually monetising your investment once the bank reaches its full potential?

Otedola: The reputation and market opinion are not far from the truth. Yes, with respect to identifying undervalued businesses, transforming them, and unlocking value. The decision to sell, however, is not purely based on exiting like a private equity model but driven by market conditions and other personal objectives. However, the situation with my foray into and continuous investment in First Holdco Plc is completely different.

From the above, it goes without saying that First Holdco is a long-term generational commitment unlike my previous involvement(s). The free-market platform of the financial services industry and our commitment to internal reforms provide the basis of my huge investment and hence a long-term commitment.

This should put some people's minds at REST.

Plus, he concluded by saying he wants his LEGACY to be one of DOUBLE-DIGIT DIVIDENDS.

Well, this candidate has used the same credentials to work at oil giant, Mobil, and also gotten the job of a senator and the governor of Nigeria's most populous, most educated, most diverse and richest State twice. Bellyaching over this is just joblessness. Nigerians did the same about Buhari's WAEC result- a man that rose to ebcome a General in the army o. Did it stop him?

We like majoring in the minor and minoring in the major.

mikeapollo:
The other day I went for an interview/screening, they asked for all my certificates, including primary and secondary, and anything and every thing I said I had studied or enrolled in.
But somehow some people, presumably rational citizens, think it is okay, for a whole president to blank out details of this primary and secondary education in his INEC form?
What is he hiding? This casts serious doubts on the integrity of the person heading and leading the country. And leadership is all about integrity!

I wont say anymore now/today, so I wont be accused of derailing the thread.

No vex. Im only sharing my Nigeria survival experience. If no be God suffer for don kill me for this country.

Streetinvestor2:
Is God that is helping other countries but hates nigeria abi.You are talking to someone who doesn't know the limit of spirituality in nigeria problems. God has already helped nigeria by blessing the country with abundance. It is not God to decide our leaders. It is man made decisions via political involvement. The days God sends prophets to go anoint someone with oil as the choosen leader is far gone

Dangote Sugar Returns to Profit With N41.51 Billion H1 Earnings

https://investorsking.com/2026/08/03/dangote-sugar-returns-to-profit-with-n41-51-billion-h1-earnings/

Published August 3, 2026


Dangote Sugar Refinery Plc returned to profitability in the first half (H1) of 2026 posting N41.51 billion in profit after tax compared with a loss of N24.27 billion in the corresponding period of 2025 as improved margins and lower finance costs helped offset a decline in revenue.

The company’s consolidated financial statements for the six months ended June 30, 2026 showed that revenue declined 8.9 percent to N391.85 billion from N430.21 billion recorded in the first half of 2025.

Despite the decline in turnover, cost of sales fell more sharply to N298.00 billion from N378.53 billion, allowing gross profit to surge 81.6 percent to N93.85 billion from N51.68 billion.

The improvement in gross profitability was accompanied by a significant increase in other income, which climbed to N12.14 billion from just N244.95 million in the comparable period.

Administrative expenses increased slightly to N13.50 billion from N12.96 billion.

The combination of stronger gross margins and higher other income lifted operating profit to N92.00 billion, representing an increase of about 141 percent from N38.10 billion recorded in H1 2025.

Dangote Sugar also benefited from a moderation in financing costs during the period. Finance costs declined 22.4 percent to N50.42 billion from N64.97 billion, while finance income stood at N2.95 billion compared with N2.86 billion a year earlier.

As a result, net finance costs narrowed to N47.47 billion from N62.11 billion.

The improved operating performance helped the sugar producer record a profit before tax of N44.09 billion, reversing the N22.11 billion pre-tax loss reported in the first half of 2025.

Following a tax expense of N2.58 billion, profit after tax settled at N41.51 billion, compared with the N24.27 billion loss recorded a year earlier.

Profit attributable to shareholders of the parent stood at N41.54 billion, while basic and diluted earnings per share improved to N3.42, compared with a loss per share of N2.00 in H1 2025.

The recovery strengthened further during the second quarter with Dangote Sugar reporting N22.36 billion in profit after tax, reversing a N626.11 million loss in the corresponding quarter of 2025.

Second-quarter revenue, however, declined to N204.07 billion from N216.28 billion. Gross profit increased to N50.75 billion from N42.42 billion, while operating profit climbed to N46.23 billion from N35.35 billion.

The company’s balance sheet showed total assets of N917.18 billion as of June 30, 2026, down from N965.93 billion at the end of December 2025.

Cash and cash equivalents declined to N29.17 billion from N52.58 billion, while financial liabilities fell to N584.15 billion from N725.21 billion recorded at June 30, 2025 and N725.31 billion when combining current and non-current financial liabilities at the end of 2025.

Shareholders’ equity improved to N170.49 billion from N128.98 billion at the end of December 2025, supported by the return to profitability during the first six months of the year.

The results point to a significant turnaround in Dangote Sugar’s underlying profitability, with improved cost management, stronger gross margins and reduced financing expenses allowing the company to return to profit despite lower revenue.