₦airaland Forum

thebargainhunte:
Then, it is not right for a country where unemployment is very high, high interest rate, and high population. Some countries before you could run that kind of business, you have to partner with it's citizen.

You seem to understand more than most , even china mandated foreigners, Americans , Europeans , Japanese etc to Partner there citizen in joint ventures , part of the reasons they caught up fast over the last 4 decades as they opened up the country , heavy industry , automobiles , power ,machineries , everything , only relaxed this rule a few years back , the average African is ignorant of many things , the Arabs of the gulf states does similar

I have no support for exploitative pricing , most of the traders were complacent anyway and had it too easy , they will have to sit up and compete and reduce there bloated margins , it is what it is

Btw mainly in manufacturing and I have been doing business with the Chinese for over 25 years , there is a lot to admire and learn from them

rmx:
You seem to understand more than most , even china mandated foreigners, Americans , Europeans , Japanese etc to Partner there citizen in joint ventures , part of the reasons they caught up fast over the last 4 decades as they opened up the country , heavy industry , automobiles , power ,machineries , everything , only relaxed this rule a few years back , the average African is ignorant of many things , the Arabs of the gulf states does similar

I have no support for exploitative pricing , most of the traders were complacent anyway and had it too easy , they will have to sit up and compete and reduce there bloated margins , it is what it is

Btw mainly in manufacturing and I have been doing business with the Chinese for over 25 years , there is a lot to admire and learn from them

They can't compete. I remember a fight I witnessed in the Computer village between a laptop seller and buyer...after booting up the system the buyer was dissatisfied with the graphics and declined to pay for it. The seller insisted he must pay o.... Na so fight start.... Flash back to advanced countries where you can return an item in 4 weeks if not satisfactory.... Our traders have been having it too easy...

The Igbo traders protesting Chinese entry into retail in Lagos are raising a legitimate economic question that Nigerians should take seriously.

This isn't about hating Chinese people. It is about whether foreign manufacturers and wholesalers should be allowed to bypass Nigerian retailers, open shops directly inside our markets, and compete with the very traders who buy from them.

The argument is simple: if a Chinese wholesaler can import directly from the manufacturer, access cheaper financing, operate at enormous scale and then sell directly to the Nigerian consumer, how can a Nigerian retailer who buys from that wholesaler realistically compete?

And this isn't some strange Nigerian idea. Countries such as India, Thailand, Indonesia, Vietnam and the Philippines have all used various restrictions or conditions on foreign participation in retail to protect domestic businesses.

People acting as if Igbo traders are doing something unprecedented by protesting Chinese retailers in Nigeria should remember what happened in Kano.

In 2015, during Rabiu Kwankwaso's administration, Kano textile traders and dyers protested the growing involvement of Chinese businesses in Kantin Kwari. Their complaint was not simply that Chinese products existed; it was that Chinese traders had moved into direct retail and were competing with the local traders who traditionally served as intermediaries. Contemporary reports documented those complaints.
Kano authorities eventually restricted Chinese traders from staying permanently in Kantin Kwari and from selling directly to consumers. They were directed to distribute through local traders instead.

So why is the same principle suddenly controversial because the traders raising it today are Igbo?

This shouldn't be an Igbo issue or a Hausa issue. It is a question of economic policy.

If Kano traders were entitled to demand protection from foreign businesses moving from wholesale into direct retail, then traders in Lagos, Aba, Onitsha or anywhere else should be entitled to raise the same concern.

Judge the policy on the same principle regardless of which Nigerian ethnic group is affected.

I believe most people siding with Chinese is because they believe those that will be affected are igbos not their tribes men.

We should try to be honest and sincere in our dealings please

If it was legitimate to protect Kantin Kwari traders in Kano, why should protecting Nigerian traders in Lagos suddenly become illegitimate?

STNWAUME:
As long as Adewale Tinubu is alive Oando problem will persist

No wahala. Since he will definitely die someday
I will then wait..lol

Agbalowomeri:
You do not understand my premise

Foreigners brought religions with lots of lies and manipulation. Naija religious leaders took over with prosperity gospel, still promising hope of wealth "if you pay your tithe diligently". Religion sells hope. However, the proponents of this "hope" do not belief in what they preach. They only use it to swindle the gullible. Don't see it as an attack on your faith

Same scenario with Oando. Wale has been selling hope for over a decade while fleecing the company

You are right about wale.It is something in thr blood. It is how BAT has been selling hope to Nigerians for the past 3 yrs. You must agree with me on this too

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -0.44%
SEPLAT. ±

Itzlinda:
The Igbo traders protesting Chinese entry into retail in Lagos are raising a legitimate economic question that Nigerians should take seriously.

This isn't about hating Chinese people. It is about whether foreign manufacturers and wholesalers should be allowed to bypass Nigerian retailers, open shops directly inside our markets, and compete with the very traders who buy from them.

The argument is simple: if a Chinese wholesaler can import directly from the manufacturer, access cheaper financing, operate at enormous scale and then sell directly to the Nigerian consumer, how can a Nigerian retailer who buys from that wholesaler realistically compete?

And this isn't some strange Nigerian idea. Countries such as India, Thailand, Indonesia, Vietnam and the Philippines have all used various restrictions or conditions on foreign participation in retail to protect domestic businesses.

People acting as if Igbo traders are doing something unprecedented by protesting Chinese retailers in Nigeria should remember what happened in Kano.

In 2015, during Rabiu Kwankwaso's administration, Kano textile traders and dyers protested the growing involvement of Chinese businesses in Kantin Kwari. Their complaint was not simply that Chinese products existed; it was that Chinese traders had moved into direct retail and were competing with the local traders who traditionally served as intermediaries. Contemporary reports documented those complaints.
Kano authorities eventually restricted Chinese traders from staying permanently in Kantin Kwari and from selling directly to consumers. They were directed to distribute through local traders instead.

So why is the same principle suddenly controversial because the traders raising it today are Igbo?

This shouldn't be an Igbo issue or a Hausa issue. It is a question of economic policy.

If Kano traders were entitled to demand protection from foreign businesses moving from wholesale into direct retail, then traders in Lagos, Aba, Onitsha or anywhere else should be entitled to raise the same concern.

Judge the policy on the same principle regardless of which Nigerian ethnic group is affected.

I believe most people siding with Chinese is because they believe those that will be affected are igbos not their tribes men.

We should try to be honest and sincere in our dealings please

If it was legitimate to protect Kantin Kwari traders in Kano, why should protecting Nigerian traders in Lagos suddenly become illegitimate?

These are the same issues and reasons that market unions in some African countries have been saying and protesting against Nigerian retail traders in their countries e g. Ghana.

emmanuelewumi:
What stops the citizens who have been importing for the past 40 years to think in that direction?


Instead of protecting against the Chinese for coming into the retail sector, they should stop importation from China. That is the logical way to deal with the Chinese

The power situation in your country has closed those who tried

💯 TRUE

Streetinvestor2:
The power situation in your country has closed those who tried

Itzlinda:
The Igbo traders protesting Chinese entry into retail in Lagos are raising a legitimate economic question that Nigerians should take seriously.

This isn't about hating Chinese people. It is about whether foreign manufacturers and wholesalers should be allowed to bypass Nigerian retailers, open shops directly inside our markets, and compete with the very traders who buy from them.

The argument is simple: if a Chinese wholesaler can import directly from the manufacturer, access cheaper financing, operate at enormous scale and then sell directly to the Nigerian consumer, how can a Nigerian retailer who buys from that wholesaler realistically compete?

And this isn't some strange Nigerian idea. Countries such as India, Thailand, Indonesia, Vietnam and the Philippines have all used various restrictions or conditions on foreign participation in retail to protect domestic businesses.

People acting as if Igbo traders are doing something unprecedented by protesting Chinese retailers in Nigeria should remember what happened in Kano.

In 2015, during Rabiu Kwankwaso's administration, Kano textile traders and dyers protested the growing involvement of Chinese businesses in Kantin Kwari. Their complaint was not simply that Chinese products existed; it was that Chinese traders had moved into direct retail and were competing with the local traders who traditionally served as intermediaries. Contemporary reports documented those complaints.
Kano authorities eventually restricted Chinese traders from staying permanently in Kantin Kwari and from selling directly to consumers. They were directed to distribute through local traders instead.

So why is the same principle suddenly controversial because the traders raising it today are Igbo?

This shouldn't be an Igbo issue or a Hausa issue. It is a question of economic policy.

If Kano traders were entitled to demand protection from foreign businesses moving from wholesale into direct retail, then traders in Lagos, Aba, Onitsha or anywhere else should be entitled to raise the same concern.

Judge the policy on the same principle regardless of which Nigerian ethnic group is affected.

I believe most people siding with Chinese is because they believe those that will be affected are igbos not their tribes men.

We should try to be honest and sincere in our dealings please

If it was legitimate to protect Kantin Kwari traders in Kano, why should protecting Nigerian traders in Lagos suddenly become illegitimate?

The same people feelings the igbos should not complain. If you ask them to go do business. They will all run to civic service work.
That is why they are ok with drug baron as he gives money to governor. and governors pay salaries as thr only achievement.
That means the baron is doing well to them once they receive salary and other civic services benefits .Then other people in the economy should not complain
I don't blame them because all thr region knows about is civil services work whr they champion corruption. You go to thr offices and see they add no productive value to the country.
Don't worry very soon Chinese robots will take over those civil service works with advance AI

*H1 2026 production tie:*

- *Aradel:* 139,500 boepd average
- *Seplat:* 139,509 boepd average.

Difference: 9 boepd. Essentially dead heat.

*The jump:*

Aradel H1 2025 was 22,400 boepd, so H1 2026 is +523%. That is a 6.2x.

Driver: Consolidation of ND Western Limited and Renaissance Africa Energy into Aradel's books, plus gas going from 41.2 mmscf/d to 503.2 mmscf/d on better pipeline availability.

Crude alone: 15.5 kbopd → 55.6 kbopd (+258%).

*Capex:*

Aradel spent $217m in H1 2026 on its expanded portfolio vs a much smaller base last year, while Oando spent N81.4bn (up from N48.3bn) on its own NAOC acquisition. Seplat guided $360 to 440m full year capex, only $109.8m spent in H1, so heavy H2 coming.

Result: Aradel revenue 577% to N2.49trn, EBITDA 688% to N1.39trn, but PAT only +30% to N191bn because tax jumped to N561.7bn.

Seplat in same window did N2.5trn revenue and declared a special dividend — total 68.3c per share expected for 2026.

Indigenous players just lapped the IOCs in one year.

Those who think that IGBOS would be heavily affected and are rejoicing over the protest... I just dey laugh una. Go to China etc and see how IGBOS are doing very well in those places business etc... Business dey our DNA ooooo

We go everly THRIVE beyond survival 😘

This China stuff go reach everyone na just time E go take... Do you think they are giving jagaban loans etc for free ni? 😂 No foreign country will give you NAIJA Govt freebies/free meals ooooo

© MEGAWEALTH01

megawealth01:
As seen on the


© Charles Awuzie

Bia. Oga AUDIO, how many names you the bear sef

As seen on the internet


Is Peter Obi stingy?

One problem I see with Nigerians is that they are used to CASH for nothing.

Anyone who lives outside Nigeria will bear witness that CASH is not readily available overseas as it is in Nigeria. Most developed economies are CREDIT based. So people live on strict budget - the rich, the poor or the middle class. Every money you spend must be accounted for - the tax man is watching.
Business money is also treated like a sacred fund - founders dare not use company's money for GIVEAWAYS.
This is the training you get when you live and run a successful business abroad.

Someone who watched me here buy 100 JAMB forms for 100 students still called me stingy because I couldn't justify why I should give them N50k. By the way, for the past 13 years, I've not had N5,000 in my Nigerian account so if I need to give you money in Nigeria, you need to work for it and earn it from Gemsbok - not me. But you could see me giving to charitable causes that appeal to me. I am not stingy - i am just careful with money. And that's how many people in diaspora are - everyone is careful.

Peter Obi is not stingy otherwise how do you express over 1 Billion Naira donation made by PO everyday.

I'm not supporting him tho. I'm neutral. But take a look at the numbers here, do they look like the giver is a stingy man?

© Charles Awuzie

ayobama1:
Are they taking our jaaabs

lol...exactly what came to my mind.

But unlike the S/Africa case.
This is not a case of unemployment for Nigerians but unfavourable competition where manufacturers, have become both wholesalers and retailers.

There's no skill to compete or step up favourably.

It's even worse with their low interest loan compared to our high interest loan.
It's like a Sovereign Encroachment.

The globalization of the world as one small village through technology and digitization has made this Chinese to penetrate seamlessly.

1)As someone said above, na to boycott Chinese goods imports among the local retailers and go for importation from substitute countries.

2)Govt impose tariff on imported goods or services with Chinese as substantial retailers .

But I don't think it's fair to stop a legal migrant in another country from doing his/her trading business with proper registration.
That's xenophobia in disguise.

As seen on the Internet

emmanuelewumi:
What stops the citizens who have been importing for the past 40 years to think in that direction?


Instead of protecting against the Chinese for coming into the retail sector, they should stop importation from China. That is the logical way to deal with the Chinese

Stop importing and start doing what? Do you think building an industry is a child's play in our own clime? People really want to venture it, but sometimes the odds are always against them. Common farmers are afraid to go to their farms in Nigeria and you think you could build an industry without facing sabotage, electricity problem, poor road networks, insecurity, high cost of raw materials etc. Even Dangote Sugar is into importation, OANDO too was into fuel importation but fg didn't relax any of them to be infiltrated by people with cheap loans.We should have allowed Chinese to import fuel for us in this country to make it cheaper.Do we even have technical know how on how to run a manufacturing industry? It requires huge amount of money, and most importers don't have that kind money. When repatriation will start no body should blame anybody cause very soon our little reserve won't be enough.

You think jagaban is the problem but when we pointed out that some people are resisting competition u said na injustice even when there is clear evidence that these people make outrageous margins Una change conversation say na cuz it affects one tribe....
No wahala...
Just know that this competition is here to stay, hausas don't make outrageous gains so the matter is different..

Traders has nothing to benefit the country with as they are mere parasites, the staff don't enjoy them, they run from paying tax.
What is their benefits rather for themselves..

Abeg let china sell at cheaper price to Nigerians, let the poor breath.

Chinese will pay tax, pay staff very well and can hire people irrespective of their tribe, religion and ethnicity..

They will build factory here to further cut cost of production if the math makes sense to them unlike our brothers, they will continue importing endlessly.

Tell me a better way Nigerians trader can benefit the country apart from the fact that he/she employ himself/herself..

yMcy56:
Loco, where did you get this from?
Kindly refer to the page where you saw this.

* AVACAP is a newly listed Stock/Company and has barely listed in two months +
* She has barely submitted no FINANCIAL report to justify any Capital raise (the Q2 submitted was Unaudited)
* Recently.converted to a Public Company shortly before listing
* The Holding Period is not even yet 6months talk less of 12 months approved holding period
* No financial report track record of 3yrs or more to justify any fund raising yet...etc.
* Even if the Board approves Private Placement, SEC is not going to approve such......except I'm missing something here sha.

* If at all there's going to be a PP, wont the share price be going up rather?

AVACAP has financial, I also thought they don't I found their financial on ngx after buying at 8, waiting to average down

As seen on the internet

Interim/Special Dividend & Bonus Monitor 2026 and Others 🖥👁‍🗨
(Tracking & Compilation Monitor)

Updated: Sept 7 (2pm)

📍 (A). Interim Dividend (ID)

• NIDF ✔️ (Paid)
FD/ID 4...N4.68 (FYE 2025)
PD....Feb 5
QD.....Jan 28
Paymaster; Coronation

• Newrest ✔️ (Paid)
ID...N10.82
PD....Mar 6
QD.....N/A
Paymaster; Meristem

• Food Concepts ✔️ (Paid)
ID...10k
PD....Mar 31
QD.....Mar 24
Paymaster; Meristem

• CBP ✔️ (Paid)
ID...10k
PD....Apr 7
QD.....Mar 27
Paymaster; Light House

• Guinness Nig ✔️ (Paid)
ID 1...N2.00
PD....Apr 24
QD.....Apr 20
Paymaster; Veritas

• NIDF ✔️ (Paid)
ID 1...N4.53 (Q1 2026)
PD....May 6
QD.....Apr 28
Paymaster; Coronation

• Ikeja Hotel ✔️ (Paid)
ID 1....3k
PD....June 5
QD.....May 8
Paymaster; Greenwich

• Seplat ✔️ (Paid)
ID 1....5 cents
PD....June 19
QD.....June 5
Paymaster; Datamax

• Transcorp Power ✔️ (Paid)
ID....N1.50
PD....July 23
QD.....July 20
Paymaster; Africa Prudential

• Africa Prudential ✔️ (Paid)
ID.....10k
PD....July 23
QD.....July 20
Paymaster; Africa Prudential

• CSCS ✔️ (Paid)
ID..N1.00
PD....July 23
QD.....July 17
Paymaster; Africa Prudential

• Transcorp Hotels ✔️ (Paid)
ID....10k
PD....July 27
QD.....July 22
Paymaster; Africa Prudential

• NIDF ✔️ (Paid)
ID 2...N4.40 (Q2 2026)
PD....July 27
QD.....July 17
Paymaster; Coronation

• Transcorp Group ✔️ (Paid)
ID....40k
PD....July 28
QD.....July 23
Paymaster; Africa Prudential

• NGX Group ✔️ (Paid)
ID ....N1.30
PD....Aug 5
QD.....July 29
Paymaster; Datamax

• UCAP ✔️ (Paid)
ID......30k
PD....July 30
QD.....July 27
Paymaster; Africa Prudential

• Guinness Nig ✔️ (Paid)
ID 2....N7.00
PD....Aug 10
QD.....July 29
Paymaster; Veritas

• VFD ✔️ (Paid)
ID....24k
PD....Aug 10
QD.....Aug 3
Paymaster; Africa Prudential

• Unilever ✔️ (Paid)
ID..N2.00
PD....Aug 14
QD.....July 31
Paymaster; Greenwich

• HBM (Fmrly Lafarge Africa) ✔️ (Paid)
ID......N16
PD....Aug 17
QD.....Aug 12
Paymaster; Cardinalstone

• Presco ✔️ (Paid)
ID...N10
PD....Aug 27
QD...Aug 14
Paymaster; First

• Seplat ✔️ (Paid)
ID 2...5 cents
PD....Aug 28
QD......Aug 13
Paymaster; Datamax

• TIP ✔️ (Paid)
ID....20k
PD....Aug 31
QD.....Aug 10
Paymaster; Apel

• Ikeja Hotel ✔️ (Paid)
ID 2....3k
PD....Sept 4
QD.....Aug 7
Paymaster; Greenwich

• UPDC REIT ✔️ (Paid)
ID.....40k
PD....Sept 4
QD.....Aug 28
Paymaster; First

• MTN ✔️ (Paid)
ID...N26
PD....Sept 7
QD...Aug 29
Paymaster; Coronation

• Custodian ✔️ (Paid)
ID...25k
PD....Sept 8
QD....Aug 17
Paymaster; Meristem

📍 (B). Special Dividend (SD)

• Seplat ✔️ (Paid)
SD 1....3.3 cents
PD....May 29
QD.....May 15
Paymaster; Datamax

• Seplat ✔️ (Paid)
SD 2...4 Cents
PD....June 19
QD...June 5
Paymaster; Datamax

• Seplat ✔️ (Paid)
SD 3...7 Cents
PD....Aug 28
QD....Aug 13
Paymaster; Datamax

📍 (C). Bonus (B)

• NGX ✔️ (Credited)
Bon....1 for 3
QD...Apr 10
Registrars; Datamax

• NAHCO ✔️ (Credited)
Bon....1 for 7
QD...May 1
Registrars; CardinalStone

• Vitafoam
Bon....1 for 5
QD...Feb 6
Registrars; Meristem

• ITMB
Bon....1 for 1
QD...N/A
Registrars; Africa Prudential

• UBN Property
Bon....3 for 40
QD...Mar 6
Registrars; Cardinalstone

• Zichis
Bon....1 for 1
QD...Mar 16
Registrars; Datamax

• LBIC
Bon....2 for 15
QD.....Apr 21
Registrars; Africa Prudential

📍 (D). Others

• MREIF ✔️ (Paid)
Div....N3.7468 (For Series 1 Investors)
Div....N9.7192 (For Series 2 Investors)
PD....Feb 27
QD.....Feb 20
Paymaster; Africa Prudential

Note: MREIF means Ministry of Finance Incorporated (MoFI) Real Estate Investment Fund under the care of ARM Investment Managers Ltd.

• The Frontier Fund ✔️ (Paid)
Distr....N18.00
PD....Mar 6
QD.....Feb 27
Paymaster; Pace

Note: The Frontier Fund is being managed under SCM Capital Asset Management Ltd. The distribution is for H2 2025 (Half Year 2025).

• CIF ✔️ (Paid)
Distr....N9.11
PD....Feb 3
QD.....Jan 29
Paymaster; Coronation

Note: CIF means Coronation Infrastructure Fund. CIF is being managed under Coronation Asset Management Ltd. The distribution is for H2 2025 (Half Year 2025).

• SFS REIT ✔️ (Paid)
Distr....N28.30
PD....May 18
QD.....Apr 17
Paymaster; Pace

Note: SFS REIT is being managed under SFS Capital Nigeria Ltd. The distribution is for 2025 FYE (Financial Year End of Year 2025).

• Vetiva Banking ETF ✔️ (Paid)
Distr....21k
PD....May 28
QD.....May 15
Paymaster; First

• MREIF ✔️ (Paid)
Div....N2.8022 (For Series 1 Investors)
Div....N8.6136 (For Series 2 Investors)
PD....July 15
QD.....July 10
Paymaster; Africa Prudential

Note: The payments are for the Half Year Ended June 30, 2026.

• Newrest Nigeria ✔️ (Paid)
Fin Div....N11.83
PD....Aug 11
QD.....N/A
Paymaster; Meristem

• Nigeria Real Estate Investment Fund (NREIT) by Chapel Hill Denham ✔️ (Paid)
Distr....N1.72
PD....Sept 8
QD.....July 29
Paymaster; Coronation

Note: The payment is for the Half Year Ended June 30, 2026.

Note

ID....Interim Dividend/Distribution
Div....Dividend
Distr....Distribution
Bon....Bonus
QD.....Qualification Date
PD.....Payment Date
Paymaster....Registrars in charge of the payment

Matters Arising

https://punchng.com/dont-sell-your-house-to-buy-dangote-shares-emir-sanusi-tells-investors

NGX Trading Summary:

Kindly see attached the top 10 gainers, losers, volume and value traded.

As seen on the Internet..

awesomeJ:
At the height of the IPO fears, I was the first to call that September would be green.

Market is now officially positive MTD.

Yes I remember. More knowledge to you.we do appreciate you all

presiade:
Overall, my combined portfolios had a good run for July. At least, I recovered most of the paper losses I incurred in June. I don’t know what the constitution of your portfolio looks like, but most well-structured ones should have had fair to good performance in July.

August seems to have a significant chance of having a good performance as well, don’t forget Frontier Market approval is likely to come next month. If it’s sure that foreign investors will come in September after FM rating, nothing will stop the next full bull run starting in August!

crownprince2017:
People can twist the real conversation to suit their narratives, when vdm was exposing their profit margin of 100% and above, you did not remember all this internet as seen but when the Chinese have realized even them the producers are not making as much as their buyers then as a rational business person the logical thing is to go after that market you have long be cheating even with fake products as original.
The Chinese are here to stay, anybody that is making outrageous profits should be exposed to face competition from the Chinese..

The only guys to be protected are the ones with factory for production In respective of tribe, religion and ethnicity.

Its quite alright the competition is healthy.

But the main question is can SME survive?
Can you guarantee quality?
Can your manufacturer survive when they start to spring up?

Its quite beyond what the igbo are protesting for


So as I speak, theres a Chinese fabric warehouse in festac, selling retail i can walk in and purchase.

Do you think I will go to balogun market or idumota?

megawealth01:
WOW. This is fantastic and cool so Nigerians won't feel the hash economic pains of Jagaban

This same Chinese people dey complain when they wan clear container oh .

emmanuelewumi:
What stops the citizens who have been importing for the past 40 years to think in that direction?


Instead of protecting against the Chinese for coming into the retail sector, they should stop importation from China. That is the logical way to deal with the Chinese

The only logical solution to this tussle is for government to implement and place ban on importing finished goods.

Implementing strictly either Chinese or igbo.

Lets the most innovative survive