₦airaland Forum

It is becoming increasingly difficult to defend Jagaban’s policies in the face of the hardship they have imposed on ordinary Nigerians. The masses are suffering, and no amount of political defence or justification will change their reality. The people need relief, not excuses; meaningful solutions, not endless justifications.

If he cannot ease the suffering of Nigerians, he should honourably resign. I made this point some time ago, though I cannot remember whether it was on this platform, and some people assumed I was being mischievous. The truth is that politics and governance should never be treated as a do-or-die affair. Leadership is a responsibility, not a birthright, and when a leader can no longer deliver meaningful relief to the people, stepping aside should not be considered an act of weakness but an acknowledgement that the welfare of the people must come first.

© MEGAWEALTH01

megawealth01:
You forget this?

Who was President this period?

Note the adjective PHENOMENAL RISE in Share Price

Back in the days OBASANJO Era took AS-Index to all time high @t circa 65k

Likewise TINUBU regime took AS-Index to an all time high of 250k


BARGAIN HUNTERS TAKE NOTE!

OK

PETERiCHY:
Note the adjective PHENOMENAL RISE in Share Price

Back in the days OBASANJO Era took AS-Index to all time high @t circa 65k

Likewise TINUBU regime took AS-Index to an all time high of 250k


BARGAIN HUNTERS TAKE NOTE!

Dangote buys 24pc stake of Kenya Pipeline Company


https://www.businessdailyafrica.com/bd/markets/capital-markets/dangote-buys-24pc-stake-of-kenya-pipeline-company-5640152

Alhaji is gone. You can't catch him.

Raider76:
Dangote buys 24pc stake of Kenya Pipeline Company


https://www.businessdailyafrica.com/bd/markets/capital-markets/dangote-buys-24pc-stake-of-kenya-pipeline-company-5640152

Alhaji is gone. You can't catch him.

Just leave the doubting Thomas alone.

megawealth01:
It is becoming increasingly difficult to defend Jagaban’s policies in the face of the hardship they have imposed on ordinary Nigerians. The masses are suffering, and no amount of political defence or justification will change their reality. The people need relief, not excuses; meaningful solutions, not endless justifications.

If he cannot ease the suffering of Nigerians, he should honourably resign. I made this point some time ago, though I cannot remember whether it was on this platform, and some people assumed I was being mischievous. The truth is that politics and governance should never be treated as a do-or-die affair. Leadership is a responsibility, not a birthright, and when a leader can no longer deliver meaningful relief to the people, stepping aside should not be considered an act of weakness but an acknowledgement that the welfare of the people must come first.

© MEGAWEALTH01

To Oga Megawealth01 and others,

If you are not partisan or a politician, nobody expects you to defend or criticise any administration here. We are here to analyse policies and bring out reasons to invest or not invest in a particular sector or company.

But instead, we turned the thread into emotional whining, activism, blackmailing one another, and descending into nepotism, ethnicity, and partisan politics.

Our discussions here should be politically neutral and colourless. That is what I meant when I said we have a major issue as Nigerians: we cannot stand deep and meaningful discussion and argument without descending into nepotism, ethnicity, partisan politics—and worse still, blackmail.

NB: By blackmail, I mean, for example, if you say a government policy is good, they will say it is because you are APC or from the President's region. If you say the policy is bad, they will say you are from opposition party or another region, etc.

*Infinity Trust Mortgage Bank Plc — N50bn capital raise approved*

At an Extraordinary General Meeting (EGM) held Tuesday in Abuja (chaired by Nkechi May Bibilari, held electronically):

1. *N50bn Raise:* Shareholders authorized the board to raise up to *₦50 billion* via rights issue, private placement, and/or public offer — terms and pricing to be set by directors, subject to regulatory approvals.

2. *Preference share conversion:* Approval to convert *600 million preference shares (₦600m)* into ordinary shares, at a ratio and price to be determined by directors.

3. *Share capital increase:* Issued share capital to be increased and Memorandum & Articles amended to reflect new structure.

4. *Board appointments:* Two new non-executive directors nominated for 4-year renewable terms (subject to CBN approval):
- *Hajia Aisha Ibrahim Rufai* — agric development advocate, ex-Nasarawa State appointee, now ED at North Central Development Commission
- *George Leonard Adah Onazi* — 33 years at CBN, retired as Director in 2018.

No timeline was given for completion. Directors and company secretary were authorized to execute documents and engage advisers to implement.

*LASACO Assurance Plc — 9M 2026 results*

Back to profit after a big loss last year:

*Headline:*
- *Pre-tax profit: ₦1.60bn* (vs ₦4.72bn loss in 9M 2025)
- *After tax: ₦1.25bn* (vs ₦4.81bn loss)
- *Insurance revenue: ₦23.81bn* (+3.71% YoY)
- *Insurance service result: ₦5.84bn profit* (vs ₦2.44bn loss) — this drove the turnaround.

*Why it recovered:*
- Insurance service expenses down 22.79% to ₦15.45bn
- Net reinsurance expenses down 53.29% to ₦2.52bn
- Not from revenue growth — revenue only grew modestly.

*Drags:*
- Net investment income down 8.87% to ₦2.47bn (interest income ₦2.33bn, dividends ₦73m)
- Running costs up 13.02% to ₦6.30bn
- Other operating income collapsed to ₦32.83m from ₦812.74m.

*Balance sheet — boosted by rights issue:*
- Total assets: ₦61.23bn (+56.03% from Dec 2025)
- Shareholders' funds: ₦39.71bn (+95.02%) — thanks to *₦18.10bn raised from share issuance*
- Liabilities: ₦21.52bn (+13.99%)
- Cash & equivalents: ₦33.76bn (from ₦14.82bn).

*But cash flow still negative:*
- Premiums received: ₦25.93bn
- Reinsurance paid: ₦7.67bn, Claims: ₦9.93bn
- *Operating activities used ₦416.82m cash* — profit didn't convert to cash yet. The rights issue is what strengthened liquidity.

*Market:* Closed at *₦1.90* on Oct 20, down 22.5% YTD from ₦2.45.

🔥 LOCO INSURANCE: TWO TOP PICKS TO WATCH! 🚀

Austinlaz traders have enjoyed decent profits. Now, attention is shifting to the insurance sector!

🎯 My top picks: GUINEA INSURANCE & IEI INSURANCE.

With recapitalization developments and Q3/Q4 results in focus, the next big opportunity could lie in stocks combining STRONG TA + CREDIBLE CATALYSTS.

The market is evolving. Fundamentals alone may not be enough this time. Technical setups backed by real catalysts could separate the leaders from the rest.

👀 GUINEA INSURANCE. IEI INSURANCE.

Are they preparing for their next major move?

Watch the charts. Watch the results. Watch the catalysts.

The next Loco insurance runners could be closer than many think! 📈🔥

Trade the setup, verify the catalyst, and manage your risk.

Shebi, I stayed away from here for just two weeks, and people started saying my account had been banned! 😂 I already explained that I only come here to talk when I’m free. Besides, I’ve realised that this place has become boring, and the only thing keeping the conversations alive is the endless debate over Jagaban’s policies! 😂

ghm:
To Oga Megawealth01 and others,

If you are not partisan or a politician, nobody expects you to defend or criticise any administration here. We are here to analyse policies and bring out reasons to invest or not invest in a particular sector or company.

But instead, we turned the thread into emotional whining, activism, blackmailing one another, and descending into nepotism, ethnicity, and partisan politics.

Our discussions here should be politically neutral and colourless. That is what I meant when I said we have a major issue as Nigerians: we cannot stand deep and meaningful discussion and argument without descending into nepotism, ethnicity, partisan politics—and worse still, blackmail.

NB: By blackmail, I mean, for example, if you say a government policy is good, they will say it is because you are APC or from the President's region. If you say the policy is bad, they will say you are from opposition party or another region, etc.

Make I beg you! Abeg, help me market LASACO. I want to exit before the main red wave hits this market! 😂

Stockpromoter:
🔥 LOCO INSURANCE: TWO TOP PICKS TO WATCH! 🚀

Austinlaz traders have enjoyed decent profits. Now, attention is shifting to the insurance sector!

🎯 My top picks: GUINEA INSURANCE & IEI INSURANCE.

With recapitalization developments and Q3/Q4 results in focus, the next big opportunity could lie in stocks combining STRONG TA + CREDIBLE CATALYSTS.

The market is evolving. Fundamentals alone may not be enough this time. Technical setups backed by real catalysts could separate the leaders from the rest.

👀 GUINEA INSURANCE. IEI INSURANCE.

Are they preparing for their next major move?

Watch the charts. Watch the results. Watch the catalysts.

The next Loco insurance runners could be closer than many think! 📈🔥

Trade the setup, verify the catalyst, and manage your risk.

megawealth01:
Make I beg you! Abeg, help me market LASACO. I want to exit before the main red wave hits this market! 😂

Calm down.There one wave coming to insurance,it will carry Lasaco along.
You go see the wave soon.Don't panic.

After that wave,better find your way.2027 na for only Jijo traders.Janet is coming.
Dangote Refinery will bring Janet to the market.

Thanks 🙏

Stockpromoter:
Calm down.There one wave coming to insurance,it will carry Lasaco along.
You go see the wave soon.Don't panic

If we’ve not been talking frequently for a while, please don’t just wake up one morning and start calling me.

I won’t pick.

It doesn’t work like that anymore.

We’re not that friends again.

I don’t even know how you’re constituted now.
Or what you’re doing with your life right now.

Neither do I know the people you’re associated with from where you’re calling

Don’t insist on calls first

It won’t won’t work

We don’t do that here

Start with a chat with detailed reasons you suddenly remembered me today.
If I fancy your story, I’ll initiate a call.

I also reactivate old contacts with chats first.

No come put me for talk abeg ooh

Pictures:⤵️
By the way, this is the horrible, depressing and disgusting condition of SARS Road Portharcourt in the oil-rich Rivers of of Nigeria

One of the major link ways to Portharcourt International Airport

Completely cut-off

Nigerian leaders are simply heartless demons!

© Barrister Ihemeje Azubuike

They should give the contract to Julius Berger PLC or some powerful multinational companies

megawealth01:
Thanks 🙏

Janet is coming.E no go easy.
Even the dividend lovers will average down tire.
Na only those rotating from one stock to another go survive the market.
Janet is coming
Janet is coming

You see the folly in scrambling to defend the indefensible? I work in this space and know most were not reinstated.

megawealth01:
To answer your question, there were 25,000 people involved, and they were all reinstated within a few months.

For more context, you can read the BBC report below:

[BBC News report](https://www.bbc.com/news/articles/cy7x382je03o?utm_source=chatgpt.com)

As you can see chatgpt is the source of the bbc report

Ok wise man. I will allow you rest for 3 weeks... BLOCKED

Oasisblue:
You see the folly in scrambling to defend the indefensible? I work in this space and know most were not reinstated.

PETERICHY said bull dey come because BULLS dey follow Yoruba Presidents oooooo

Stockpromoter:
Janet is coming.E no go easy.
Even the dividend lovers will average down tire.
Na only those rotating from one stock to another go survive the market.
Janet is coming
Janet is coming

megawealth01:
PETERICHY said bull dey come because dey follow Yoruba Presidents oooooo

Anyway,make sure you are liquid in cash after Q3 euphoria.
Definitely there will be bullish market till the end of the year sha.
By January,Loco will be 100% on cash.
If we see 5-10% any day any time in the new year,we go dey chop dey clean mouth dey go.

https://www.youtube.com/watch?v=oKi3wpkw7jQ?si=dfdJT97kjyFWc2u4

Snapshot of trading so far today on the NGX

GeneralDae:
Wow. Wale Edun was a better minister of finance? Did you feel this way about him when he was in office? He implemented the main policies you cry about here everyday.

I am interested because since I was born, all I have seen fellow Nigerians do is complain and complain about the problems but when you discuss with the elites amongst them to even guage their thoughts on how they think things should be done, you discover that Nigerians don’t even know what they want nor do they know what nation building entails.

If the Nigerian elites and educated don’t know what they want, how would they know what to look for in the policies of contestants for office in order to vote wisely and teach the common man to also vote wisely?

If you have been seeing my post You will know that that tax guy has always been an idiot and failure to me.He lies like kiloda.He knows nothing that is why he nearly crashed ngx before the formal finance minister stepped in and took control to redeem the damage. He doctored the tax law passed by national assembly. The past finance minister may not be real deal or the baron didn't give him free hand to do right things.
So replacing him with oyedelee was a mistake that should not have happened. So your tax man is nothing close to compare to formal finance minister. If he was to be replaced. He should have been replaced with a far better person not a clown who goes to sing on your mandate. And is gist that the formal minister was forced to resign because he refused to sing on your mandate with fake figures.

And many nigeria elites who complain have always produced alternative solutions. Then the baron you always claim is master strategies with capacity has always said every one beside him is right
what happened when Catholic bishops paid him visit and told him about the cry of people in thr locations. They rather attacked the messengers instead of the massage. This is same thing they do to opposition voices. When obi attacked the costal high way that they should patronise existing roads.What happened. Whr are we today on Costal high way to fraud. When international bodies talk about poverty level.What do the government do or respond. They attack them.

Stop thinking you can play smart that Nigerians lack brain for solution beside the rubbish baron is giving us

Stockpromoter:
I don't hawk stocks but promote stocks.
It is my own stock trading strategy.
I be active trader and I love trading despite I have a businesses that generates steady cashflow for me.

Enjoy your dividend stocks
Enjoy your politics but stop attacking Baron.APC is our problem not Baron.
Baron has a good plan for Nigeria than Atiku and Obi but cabals in APC is the reason why Buhari and Tinubu didn't achieve much.
Just pray for him and pray for obi and Atiku to work together with the Baron.Nigeria will sit up within days.
I am sure Baron is ready to work with oppositions this time around.

No be only promote na you be the stock MM
He has good plan because u think you are making money from ngx
Did he have good plan when u relocated forcefully your computer business home
How about your palm oil business
Abeg just enjoy ur hawking and don't see other people as not being smart
Not everyone get time dey shout about stock here daily to move the price in the name of TA

Streetinvestor2:
No be only promote na you be the stock MM
He has good plan because u think you are making money from ngx
Did he have good plan when u relocated forcefully your computer business home
How about your palm oil business
Abeg just enjoy ur hawking and don't see other people as not being smart
Not everyone get time dey shout about stock here daily to move the price in the name of TA

Streetinvestor2:
No be only promote na you be the stock MM
He has good plan because u think you are making money from ngx
Did he have good plan when u relocated forcefully your computer business home
How about your palm oil business
Abeg just enjoy ur hawking and don't see other people as not being smart
Not everyone get time dey shout about stock here daily to move the price in the name of TA

Haba.
Na promoter I be oooo.
Where I see money to do MM.

ghm:
To Oga Megawealth01 and others,

If you are not partisan or a politician, nobody expects you to defend or criticise any administration here. We are here to analyse policies and bring out reasons to invest or not invest in a particular sector or company.

But instead, we turned the thread into emotional whining, activism, blackmailing one another, and descending into nepotism, ethnicity, and partisan politics.

Our discussions here should be politically neutral and colourless. That is what I meant when I said we have a major issue as Nigerians: we cannot stand deep and meaningful discussion and argument without descending into nepotism, ethnicity, partisan politics—and worse still, blackmail.

NB: By blackmail, I mean, for example, if you say a government policy is good, they will say it is because you are APC or from the President's region. If you say the policy is bad, they will say you are from opposition party or another region, etc.

Let say I agree with you
Has this economy under BAT failed or not
let leave whr he comes from and others
If you say it has not failed. How come it has created more hunger and poverty by any standard.Pls bear in mind my complain about this government has always been about the economy which I expected him to perform better that Buhari because Buhari lacked economic sense as a person

"Small minds discuss people. Average minds discuss events. Great minds discuss ideas."
— Often attributed to Eleanor Roosevelt

What ideas are out in the NGX today?

Dangote Refinery: The idea that Nigeria can refine its own crude, stabilize FX, and democratize ownership. It raised N2.15 trillion at N525 per share, with a minimum of N5,250—explicitly designed for the masses.
Insurance: The recapitalization story. The NIIRA 2025 set a July 2026 deadline. The NGX Insurance Index returned 65.64% in 2025, and stocks that traded at kobo for years are now real sector plays.
Oando: The balance sheet repair story. N500 billion capital raise approved, rights issue filed, 40-50 kboepd exit guidance reiterated.
FTSE Frontiers: The reclassification story. 30 Nigerian companies entered the FTSE Frontier Index on September 21, 2026, after three years as Unclassified.
2027 Election: The policy continuity story. Analysts assess an APC victory as the "lowest-disruption scenario" for markets, sustaining FX liberalisation and fiscal consolidation.
Interim Dividends: The income story. Zenith just proposed N1.50 per share, up from N1.25, with the stock up 118% YTD.
The "Lifetime Investor" is dead: You invest with an exit target and divest when the target is reached.
Investing as a career: The idea that you can build a professional life around capital allocation, research, and portfolio management—not just as a side hustle, but as a discipline.
Family Office: The idea that wealth can be structured, preserved, and transferred across generations through a dedicated investment vehicle. This is not just for billionaires. It is a framework for anyone serious about multi-generational wealth.

What ideas are in the pipeline?

NNPCL Listing: Committed to reforming and listing NNPC on the NGX—a potential mega-listing that would deepen the market and broaden ownership.
NLNG Listing: The rumoured multi-billion dollar listing that could redefine the exchange's market capitalization.
OPay Listing: A fintech listing that would signal the tech ecosystem's migration to the public markets.
National Savings Scheme: A new vehicle for education, housing, business, and retirement with tax incentives.
Capital Market Master Plan 2.0: N750 trillion market cap by 2036. Equities market cap from 33% of GDP to 60%. Investment-grade rating within three years.

These are ideas. Not people. Not events. Ideas.

That is what this forum should be discussing.

ghm:
"Small minds discuss people. Average minds discuss events. Great minds discuss ideas."
— Often attributed to Eleanor Roosevelt

What ideas are out in the NGX today?

Dangote Refinery: The idea that Nigeria can refine its own crude, stabilize FX, and democratize ownership. It raised N2.15 trillion at N525 per share, with a minimum of N5,250—explicitly designed for the masses.
Insurance: The recapitalization story. The NIIRA 2025 set a July 2026 deadline. The NGX Insurance Index returned 65.64% in 2025, and stocks that traded at kobo for years are now real sector plays.
Oando: The balance sheet repair story. N500 billion capital raise approved, rights issue filed, 40-50 kboepd exit guidance reiterated.
FTSE Frontiers: The reclassification story. 30 Nigerian companies entered the FTSE Frontier Index on September 21, 2026, after three years as Unclassified.
2027 Election: The policy continuity story. Analysts assess an APC victory as the "lowest-disruption scenario" for markets, sustaining FX liberalisation and fiscal consolidation.
Interim Dividends: The income story. Zenith just proposed N1.50 per share, up from N1.25, with the stock up 118% YTD.
The "Lifetime Investor" is dead: You invest with an exit target and divest when the target is reached.
Investing as a career: The idea that you can build a professional life around capital allocation, research, and portfolio management—not just as a side hustle, but as a discipline.
Family Office: The idea that wealth can be structured, preserved, and transferred across generations through a dedicated investment vehicle. This is not just for billionaires. It is a framework for anyone serious about multi-generational wealth.

What ideas are in the pipeline?

NNPCL Listing: Committed to reforming and listing NNPC on the NGX—a potential mega-listing that would deepen the market and broaden ownership.
NLNG Listing: The rumoured multi-billion dollar listing that could redefine the exchange's market capitalization.
OPay Listing: A fintech listing that would signal the tech ecosystem's migration to the public markets.
National Savings Scheme: A new vehicle for education, housing, business, and retirement with tax incentives.
Capital Market Master Plan 2.0: N750 trillion market cap by 2036. Equities market cap from 33% of GDP to 60%. Investment-grade rating within three years.

These are ideas. Not people. Not events. Ideas.

That is what this forum should be discussing.

So Oando that has been keeping investors waiting for more than a year with AGM approval for N500b capital injection, N220b rights issue; is that one of the new ''ideas'' that you want us to discuss?

I tire for Nigeria!

Agbalowomeri:
Since you asked, it is giving sign of a temporary bottom, not a bbl sha

But the baddie needs to enter above the Ichimoku cloud first

Have you ever done it above the cloud before?

A - rapid movement above the cloud

B - Slower consolidation around 36 till December

C - Unusual volume, technical backing a medium-term movement

Oga mi, na you be baba of all girls, I don't know wetin you dey do above clouds o. 🙄

Thanks for the update sir...
OANDO may have bottomed @33, barring any unforseen circumstances again.
* If there's any good news anytime, then, the "till December" may actually not hold..😊

“2027 Election: The Policy Continuity Story. Analysts assess an APC victory as the ‘lowest-disruption scenario’ for the markets, suggesting continuity in FX liberalisation and fiscal consolidation.”

You cannot discuss this without putting these issues on the table. How can we have this conversation without mentioning the names of the people responsible for the policies, especially those whose decisions are currently inflicting severe hardship on the masses? How can we discuss policy continuity without examining its human cost? If the policies are to continue, Nigerians deserve to know what they are continuing to endure, who is responsible, and whether the benefits being projected for the markets are translating into meaningful improvements in the lives of ordinary citizens.

ghm:
"Small minds discuss people. Average minds discuss events. Great minds discuss ideas."
— Often attributed to Eleanor Roosevelt

What ideas are out in the NGX today?

Dangote Refinery: The idea that Nigeria can refine its own crude, stabilize FX, and democratize ownership. It raised N2.15 trillion at N525 per share, with a minimum of N5,250—explicitly designed for the masses.
Insurance: The recapitalization story. The NIIRA 2025 set a July 2026 deadline. The NGX Insurance Index returned 65.64% in 2025, and stocks that traded at kobo for years are now real sector plays.
Oando: The balance sheet repair story. N500 billion capital raise approved, rights issue filed, 40-50 kboepd exit guidance reiterated.
FTSE Frontiers: The reclassification story. 30 Nigerian companies entered the FTSE Frontier Index on September 21, 2026, after three years as Unclassified.
2027 Election: The policy continuity story. Analysts assess an APC victory as the "lowest-disruption scenario" for markets, sustaining FX liberalisation and fiscal consolidation.
Interim Dividends: The income story. Zenith just proposed N1.50 per share, up from N1.25, with the stock up 118% YTD.
The "Lifetime Investor" is dead: You invest with an exit target and divest when the target is reached.
Investing as a career: The idea that you can build a professional life around capital allocation, research, and portfolio management—not just as a side hustle, but as a discipline.
Family Office: The idea that wealth can be structured, preserved, and transferred across generations through a dedicated investment vehicle. This is not just for billionaires. It is a framework for anyone serious about multi-generational wealth.

What ideas are in the pipeline?

NNPCL Listing: Committed to reforming and listing NNPC on the NGX—a potential mega-listing that would deepen the market and broaden ownership.
NLNG Listing: The rumoured multi-billion dollar listing that could redefine the exchange's market capitalization.
OPay Listing: A fintech listing that would signal the tech ecosystem's migration to the public markets.
National Savings Scheme: A new vehicle for education, housing, business, and retirement with tax incentives.
Capital Market Master Plan 2.0: N750 trillion market cap by 2036. Equities market cap from 33% of GDP to 60%. Investment-grade rating within three years.

These are ideas. Not people. Not events. Ideas.

That is what this forum should be discussing.

Una sha no want make we hold Jagaban and his cronies accountable for all the hardship ordinary Nigerians are currently going through.

Kò lè work ooooo! 😂

Agbalowomeri:
Since you asked, it is giving sign of a temporary bottom, not a bbl sha

But the baddie needs to enter above the Ichimoku cloud first

Have you ever done it above the cloud before?

A - rapid movement above the cloud

B - Slower consolidation around 36 till December

C - Unusual volume, technical backing a medium-term movement

I know something like ''bottom'' and ''cloud'' 9 would be includeed

mikeapollo:
I know something like ''bottom'' and ''cloud'' 9 would be includeed

No be my language o

Na TA