₦airaland Forum

Oasisblue:
It beats me how people can openly level accusations and tag people with crimes that were not committed in their presence and of which no court of law has pronounced a guilty verdict. Just as someone here said, if you are so sure of what you are saying, kindly activate your rights as a citizen and approach the courts. Otherwise please shut it and lets have peace and talk stock market.

I have followed the ongoing international spat between Nigeria and South Africa and the SA talking ponts have been the cr@p fellow Nigerians put online about our nations and leaders, mostly unsubstantiated info. When you sell your nation by pushing cheap propaganda becasue you despise the people in power based on ethnicity, religious and political bias, you sell yourself cheaply and the consequences linger, continuing even when your anointed candidate occupies the office.

Praise the Lord!
Allahu Akbar!

PETERiCHY:
DREAMT OANDO DELIVERED

Do WHATEVER you WANT with this INFORMATION!.


BARGAIN HUNTERS TAKE NOTE!

Back in July 2012 we boarded TRANSCORP @circa 52kobo by July 2013 it was TRADING at circa #7.15 though we ALIGHTED at circa #4

This a REPLICA of what will HAPPEN in OANDO in the near FUTURE


BARGAIN HUNTERS TAKE NOTE!

megawealth01:
If people no sell off their VFD tomorrow eh, it means they have faithful shareholders

Why would people want to sell off their VFD Group shares tomorrow, just because today was the QD of their Interim Dividend?

chimex38:
Yeah.. I guess so.
I hope he comes out ontop.
FBN has been improving both in share value and management.

Same way some intercontinental holders are after the life of access

PETERiCHY:
Back in July 2012 we boarded TRANSCORP @circa 52kobo by July 2013 it was TRADING at circa #7.15 though we ALIGHTED at circa #4

This a REPLICA of what will HAPPEN in OANDO in the near FUTURE


BARGAIN HUNTERS TAKE NOTE!

Dry powder will be available if your boss gets his house in order...but right now we got to make the money....

essentialone:
Why would people want to sell off their VFD Group shares tomorrow, just because today was the QD of their Interim Dividend?

What does vfd do?

I sense that many people rail against political "derailment" here not because of the "derailment", but because they don't like the political views expressed.

It is the offending opinion (offending to them) that annoys them, rather than the "derailing" act.

PETERiCHY:
Back in July 2012 we boarded TRANSCORP @circa 52kobo by July 2013 it was TRADING at circa #7.15 though we ALIGHTED at circa #4

This a REPLICA of what will HAPPEN in OANDO in the near FUTURE


BARGAIN HUNTERS TAKE NOTE!

All emotional outbursts....Oando found a new support level at 34 naira today.... Recall some of us exited at 39 naira per unit...I don't care what you do with your money, but I become worried when anyone tries to hawk a non performing stock leaving their fundamentals and performance out of the emotional marketing or coping mechanisms

londonerr:
What does vfd do?

And who are the Directors, and Ceo?

What's it's latest PAT and EPS ?

Nsempa no go kee pesin.

londonerr:
Same way some intercontinental holders are after the life of access

" The sinner runneth when no one pursueth......Holy Bible.

Oga,no intercontinental holders dey after Access o. Na dia hand e dey make Dem run the bank well and do what will drive the SP up.

Is it Intercontinental holders that made the purchase of cripple and slowpoke banks in Kenya, Angola, Rwanda and all over Africa?

Were the intercontinental holders there or were not there when they were paying paltry dividend?

Were the same intercontinental holders there when Wigwe was " doing his own" and the present MD buying half of London properties?

The dog has a bad name already. Make una no give am another one.

Major Deals:
 
134.3m units of ACCESSCORP crossed at 26.50
71.4k units of ARADEL crossed at 1400.1
906.8k units of GTCO crossed at 132.0
331.6k units of HBMNG crossed at 367.0
57.6m units of HONYFLOUR crossed at 16.50
25.6m units of HONYFLOUR crossed at 19.50
120.7k units of MTNN crossed at 845.0
35.4k units of SEPLAT crossed at 11500.0
4.9m units of UBA crossed at 44.55
2.5m units of UBA crossed at 44.60
1.2m units of ZENITHBANK crossed at 125.5
9m units of ZENITHBANK crossed at 125.8

SNAPSHOT OF THE NIGERIA EQUITIES MARKET AS AT CLOSE OF MARKET TODAY, [3RD AUGUST 2026]

Daily Market Digest | 3 August 2026

The NGX edged higher as CAVERTON and ETERNA gained 10.00%, while ETI fell 9.95%. ACCESSCORP led volume (167M shares), while ARADEL topped value (₦4.6bn).

NGX Trading Summary: Kindly see attached the top 10 gainers, losers, volume and value traded.

zendi:
I sense that many people rail against political "derailment" here not because of the "derailment", but because they don't like the political views expressed.

It is the offending opinion (offending to them) that annoys them, rather than the "derailment" act.

You garrit. I see thr true identity in thr post on political threads and some are not bold enough to use thr handles here over thr.They are worst than the group called data boys on political threads. That is why I no longer take thr post on derailing the thread serious. And don't take thr post on stocks as something I should give a thought. Na to dey block many going forward. I see thr post as waste of my space on this thread

Femi Otedola has signalled that he intends to take majority control of First HoldCo, telling Nairametrics that his investment threshold is always above 51% and that he is following the same path at Nigeria's most valuable bank, saying he was sure his antecedents show his investment threshold is always over and above 51 percent, that firm shareholder control with due regard for minority interest is a key ingredient to executing reforms, and that he is on the same trajectory with First HoldCo.

Otedola holds 11,956,589,264 shares, or 25.87% of the company, and reaching 51% would require roughly 11.6 billion additional shares costing about ₦1.59 trillion, or $1.15 billion, at Monday's record intraday price of ₦137.20, though he would trigger a legal obligation well before that, with Nigerian takeover rules under the Investments and Securities Act 2025 requiring an investor crossing 30% to make a mandatory offer for the remainder unless the commission grants an exemption, and that threshold sits near 13.87 billion shares, about 1.91 billion above his current position. Otedola disclosed a figure he had not previously made public, saying he has invested over ₦600 billion of his personal wealth in First HoldCo, roughly $432 million, and pointed to two precedents, having taken African Petroleum, later Forte Oil, from 28% to 75% before selling in 2019, and Geregu Power from 51% to 95% and then to 77% after the 2022 listing, though he described First HoldCo as a long-term generational commitment unlike either.

Otedola gave his fullest account yet of what he bought into, describing an institution on the brink with more than ₦2 trillion in bad loans and a culture of what he called recalcitrant and delinquent debtors treating the bank as an outlet to exploit, with the Central Bank of Nigeria having dissolved the entire board in 2021, and the group having impaired more than ₦3 trillion over the past decade including a single ₦1.70 trillion charge to clear legacy exposures. The recovery has been sharp, with First HoldCo reporting first-half pre-tax profit of ₦653.54 billion, up 83.5%, on a return on average equity of 30.4%, which Otedola said is the highest among Nigeria's leading banking groups, and he put the full-year forecast at around ₦1.2 trillion, with the company having met the central bank's ₦500 billion capital requirement ahead of the March deadline and secured shareholder approval in May for a further ₦253 billion raise targeting ₦1 trillion in paid-up capital, alongside a payout policy of about 60% of profit after tax.


#FemiOtedola #FirstHoldCo #FirstBankNigeria #Nigeria #NGX #NigerianBanking #ForteOil #GereguPower

Trillionaire in Naira

megawealth01:
Femi Otedola has signalled that he intends to take majority control of First HoldCo, telling Nairametrics that his investment threshold is always above 51% and that he is following the same path at Nigeria's most valuable bank, saying he was sure his antecedents show his investment threshold is always over and above 51 percent, that firm shareholder control with due regard for minority interest is a key ingredient to executing reforms, and that he is on the same trajectory with First HoldCo.

Otedola holds 11,956,589,264 shares, or 25.87% of the company, and reaching 51% would require roughly 11.6 billion additional shares costing about ₦1.59 trillion, or $1.15 billion, at Monday's record intraday price of ₦137.20, though he would trigger a legal obligation well before that, with Nigerian takeover rules under the Investments and Securities Act 2025 requiring an investor crossing 30% to make a mandatory offer for the remainder unless the commission grants an exemption, and that threshold sits near 13.87 billion shares, about 1.91 billion above his current position. Otedola disclosed a figure he had not previously made public, saying he has invested over ₦600 billion of his personal wealth in First HoldCo, roughly $432 million, and pointed to two precedents, having taken African Petroleum, later Forte Oil, from 28% to 75% before selling in 2019, and Geregu Power from 51% to 95% and then to 77% after the 2022 listing, though he described First HoldCo as a long-term generational commitment unlike either.

Otedola gave his fullest account yet of what he bought into, describing an institution on the brink with more than ₦2 trillion in bad loans and a culture of what he called recalcitrant and delinquent debtors treating the bank as an outlet to exploit, with the Central Bank of Nigeria having dissolved the entire board in 2021, and the group having impaired more than ₦3 trillion over the past decade including a single ₦1.70 trillion charge to clear legacy exposures. The recovery has been sharp, with First HoldCo reporting first-half pre-tax profit of ₦653.54 billion, up 83.5%, on a return on average equity of 30.4%, which Otedola said is the highest among Nigeria's leading banking groups, and he put the full-year forecast at around ₦1.2 trillion, with the company having met the central bank's ₦500 billion capital requirement ahead of the March deadline and secured shareholder approval in May for a further ₦253 billion raise targeting ₦1 trillion in paid-up capital, alongside a payout policy of about 60% of profit after tax.


#FemiOtedola #FirstHoldCo #FirstBankNigeria #Nigeria #NGX #NigerianBanking #ForteOil #GereguPower

Coincidentally, it's our one year anniversary.

ppogba:
" The sinner runneth when no one pursueth......Holy Bible.

Oga,no intercontinental holders dey after Access o. Na dia hand e dey make Dem run the bank well and do what will drive the SP up.

Is it Intercontinental holders that made the purchase of cripple and slowpoke banks in Kenya, Angola, Rwanda and all over Africa?

Were the intercontinental holders there or were not there when they were paying paltry dividend?

Were the same intercontinental holders there when Wigwe was " doing his own" and the present MD buying half of London properties?

The dog has a bad name already. Make una no give am another one.

Your quote stands....hope they've resolved the case in the Edo court....filed by an intercontinental investor....

Showing workings... don't be surprised if some go up in arms with you

Zagee:
Coincidentally, it's our one year anniversary.

megawealth01:
Femi Otedola has signalled that he intends to take majority control of First HoldCo, telling Nairametrics that his investment threshold is always above 51% and that he is following the same path at Nigeria's most valuable bank, saying he was sure his antecedents show his investment threshold is always over and above 51 percent, that firm shareholder control with due regard for minority interest is a key ingredient to executing reforms, and that he is on the same trajectory with First HoldCo.

Otedola holds 11,956,589,264 shares, or 25.87% of the company, and reaching 51% would require roughly 11.6 billion additional shares costing about ₦1.59 trillion, or $1.15 billion, at Monday's record intraday price of ₦137.20, though he would trigger a legal obligation well before that, with Nigerian takeover rules under the Investments and Securities Act 2025 requiring an investor crossing 30% to make a mandatory offer for the remainder unless the commission grants an exemption, and that threshold sits near 13.87 billion shares, about 1.91 billion above his current position. Otedola disclosed a figure he had not previously made public, saying he has invested over ₦600 billion of his personal wealth in First HoldCo, roughly $432 million, and pointed to two precedents, having taken African Petroleum, later Forte Oil, from 28% to 75% before selling in 2019, and Geregu Power from 51% to 95% and then to 77% after the 2022 listing, though he described First HoldCo as a long-term generational commitment unlike either.

Otedola gave his fullest account yet of what he bought into, describing an institution on the brink with more than ₦2 trillion in bad loans and a culture of what he called recalcitrant and delinquent debtors treating the bank as an outlet to exploit, with the Central Bank of Nigeria having dissolved the entire board in 2021, and the group having impaired more than ₦3 trillion over the past decade including a single ₦1.70 trillion charge to clear legacy exposures. The recovery has been sharp, with First HoldCo reporting first-half pre-tax profit of ₦653.54 billion, up 83.5%, on a return on average equity of 30.4%, which Otedola said is the highest among Nigeria's leading banking groups, and he put the full-year forecast at around ₦1.2 trillion, with the company having met the central bank's ₦500 billion capital requirement ahead of the March deadline and secured shareholder approval in May for a further ₦253 billion raise targeting ₦1 trillion in paid-up capital, alongside a payout policy of about 60% of profit after tax.


#FemiOtedola #FirstHoldCo #FirstBankNigeria #Nigeria #NGX #NigerianBanking #ForteOil #GereguPower

Any where Ote$ is going oya...those my remaining 35% who knows... I am not even selling again let us see where e dey go....

But note that investing in FBN Holdings for immediate 2026 dividends carries high regulatory risk.

Although management announced a future 60% profit-payout policy, cash distributions remain legally frozen under a strict Central Bank of Nigeria forbearance clampdown.

The apex bank has explicitly barred FBNH from distributing cash until legacy single-obligor debt breaches are resolved. Despite surging profits, your capital will sit yield-starved until the CBN formally lifts this restriction.


Moreso he bought the shares warehoused in RC investments...the Otudeko and Odukale shares..

LASACO Poised as Nigerian Insurance Sector Rebounds

Lasaco Assurance Plc remains one of the more actively traded mid-tier insurers on the Nigerian Exchange, benefiting from a broader structural shift in Nigeria's insurance penetration narrative as regulators and macroeconomic conditions push more individuals and corporates toward formal coverage.

https://ewnation.com/lasaco-poised-as-nigerian-insurance-sector-rebounds/

Not financial advice.

PuristForest:
LASACO Poised as Nigerian Insurance Sector Rebounds

Lasaco Assurance Plc remains one of the more actively traded mid-tier insurers on the Nigerian Exchange, benefiting from a broader structural shift in Nigeria's insurance penetration narrative as regulators and macroeconomic conditions push more individuals and corporates toward formal coverage.

https://ewnation.com/lasaco-poised-as-nigerian-insurance-sector-rebounds/

This is a financial advice.

Thanks for the advice. But who pays you guys?

A few stocks on my radar in today's trading session on the NGX

https://open.spotify.com/episode/3U0szUvpnp4crCO4JRX7If?si=TWPrMIGpSdqoOXagnBaUuw

Broader coverage in the video


https://www.youtube.com/watch?v=qYLzG2ZexUA

PETERiCHY:
Back in July 2012 we boarded TRANSCORP @circa 52kobo by July 2013 it was TRADING at circa #7.15 though we ALIGHTED at circa #4

This a REPLICA of what will HAPPEN in OANDO in the near FUTURE


BARGAIN HUNTERS TAKE NOTE!

Eeyaahh pele s'ogbo

Life of a hunter

This is where a lot of people are getting confused with the "Royal Exchange" name.

*The Royal Exchange Assurance Plc Breakdown*

*Parent Company:*
*Royal Exchange Assurance Plc* - The holding company

Under it are 2 completely separate, licensed insurance companies:

*1. Rex Insurance Limited*
- *Former name*: Royal Exchange General Insurance Company (REGIC)
- *Business*: Non-life / General insurance
`Oil & Gas, Marine, Aviation, Property, Motor, etc.`
- *Status*: ✅ *QUALIFIED* - Met NAICOM MCR under NIIRA 2025
- *Why the rebrand*: To give it a modern, standalone identity separate from the group

*2. Royal Exchange Prudential Life Plc*
- *Business*: Life insurance + Investment-linked savings products
- *Status*: ❌ *NOT YET QUALIFIED* - Not on NAICOM’s list of 43 compliant firms
- *Note*: It’s on the list of companies not yet verified.

*Why One Can Qualify, and the Other Can’t*.
Because NAICOM regulates them as *2 different legal entities* with:
- *Separate capital* - Each must meet MCR on its own
- *Separate licenses* - General vs Life
- *Separate filings and audits*

So Rex Insurance Limited qualifying, doesn’t "carry along" Royal Exchange Prudential Life Plc. And vice versa.
Same family, different bank accounts.

*What this means for customers*
- *If you have General insurance* with Rex Insurance Limited: You’re covered. They have the capital buffer now.
- *If you have Life insurance* with Royal Exchange Prudential Life Plc: The company is still in NAICOM’s review process. Final decision on them should come within the 14-day window ~Aug 14.

This split is actually common in Nigeria now. A lot of groups separated Life and General to meet the new capital requirements more cleanly.

It helps a lot of policyholders know exactly which entity they’re with.

UBA Rides Pan-African Growth as Earnings Expand

United Bank for Africa remains one of Nigeria's most geographically diversified banking franchises, with active operations across 20 African countries plus presence in the United States, United Kingdom, and France — a footprint that shields earnings from single-market volatility and…

https://ewnation.com/uba-rides-pan-african-growth-as-earnings-expand/


Not financial advice.

JapaulGold Pre-Market Outlook – Today
Yesterday's session ended positively at ₦3.10 (+2.31%) with a healthy 18.23 million shares traded, showing buyers are still active after the strong Q2 results.
Today's focus:
Support: ₦3.05–₦3.10
Resistance: ₦3.20, then ₦3.32
If buyers sustain the momentum and break ₦3.32 on good volume, JapaulGold could extend its rally. Holding above ₦3.10 will keep the bullish outlook intact.
Watch the opening hour—volume will tell the story. 📈

He is a dollar billionaire bro

SonofElElyonRet:
Trillionaire in Naira

Wale dey stain white normally but this time own eh

Zagee:
Coincidentally, it's our one year anniversary.

zendi:
I sense that many people rail against political "derailment" here not because of the "derailment", but because they don't like the political views expressed.

It is the offending opinion (offending to them) that annoys them, rather than the "derailing" act.

Not true