₦airaland Forum

OandO Q3 magic [cont'd]

OandO Trading FZCO had zero (0) revenue from customers. (Or was there an omission somewhere? )

PS: I'm learning new things

At least they released.
One other is behaving like them

KarlTom:
OandO Q3 magic [cont'd]

OandO Trading FZCO had zero (0) revenue from customers. (Or was there an omission somewhere? )

PS: I'm learning new things

KarlTom:
OandO Q3 magic [cont'd]

OandO Trading FZCO had zero (0) revenue from customers. (Or was there an omission somewhere? )

PS: I'm learning new things

Weekend assignment is here again like the maths teacher from the school days...

"Give me one year, but, but impairment reversal is lodged under the company? "

This uncle is stressing his nieces and nephew ooo

sterlingD:
I have not received

Have you been credited now bro.

Streetinvestor2:
Make wale put him chaplet for water oh.
If obi or Atiku win I go follow go arrest him..lol

He's not been doing his best honestly.

PapaBornboy:
Have you been credited now bro.

I have been credited l saw it seating in my account quietly very much later

sterlingD:
I have been credited l saw it seating in my account quietly very much later

Wow that's good then cause I and some others haven't seen ours probably they haven't reached the batches yet and we don't know if it will be postponed to Monday if no credit is made today since we're already near the weekend.

Agbalowomeri:
With qualification date of 13th February, 2026

What makes you think the RI price won't be revised to N20

Why so far back?

ARADEL 😔

😂

Agbalowomeri:
With qualification date of 13th February, 2026

What makes you think the RI price won't be revised to N20

As this is weekend, make I share some of my recent experience, as it relates to Purchasing Power Parity. I hope this will not be considered as derailment. So, I needed to make a trip from my country of residence to Nigeria to inspect some projects, and I decided to use the opportunity to visit some old friends in London and spend a few days in Kigali, Rwanda, before heading to Nigeria.

I stayed at the Travelodge Hotel in Barking, London. Although it was not a luxury hotel, it was clean, comfortable, and had everything I needed. Later in the evening, I decided to explore the area. A short walk from the hotel, I came across a lounge called Kings, so I went in to relax and enjoy the rest of the evening.

As I enter Kings Lounge In Barking, I saw men downing Odeku and Suya, I said Korrect, this is where I belong. Without asking or checking out the menu, I acted like a regular, I just called the waiter and told him to give me One chilled Odeku ( Big Stout ) and a plate of Suya

The Odeku was mortuary standard and the suya was also good. DJ was playing nice Naija jams, people were vibing and it was all good. I called for another big stout cos why not. After the second Odeku, I called for my bills, as I no fit take 3, my head no strong like that of AGBA! The waiter brought 38 pounds. The naija in me quickly did the maths, 38 pounds for two Odeku and one plate of suya, haba!

So, I perused the bill to see if there was an error. Omoh! there was no error oh, one big stout at King's Lounge is 9 pounds and that one plate of suya is 20 pounds. That quickly activated the Purchasing Power Parity in me, the Odeku is the same Odeku in Naija naw, the Suya was not better than the ones I usually eat in nice hotels and lounges in Naija, how come the price difference is so high. Then I quickly defended them in my mind, their wages is high, we cannot compare their minimum wage to that of Naija. I sha use that to console myself. I gave the guy 40 pounds and told him to keep the change, as tipping culture is a norm where I reside.

I retired to my hotel which is just less than five minutes walk from the lounge and I had a very restful night. The next day, I visited some of my friends and instead of going to Kings lounge in the evening, I decided to buy a bottle of Jack Daniels at an off licence store for 25 pounds. I used that to hold body for night and I kept the rest for next day.

The next day, I decided to go look for an African Food, then I discovered an Africa restaurant very close to my hotel, it is called Suya Hut, Barking. I went in and dined, a plate of Jollof Suya, it cost 18 pounds. But I later found out taking it out and not dining in the restaurant would have cost just 10 pounds. So, I paid 8 pounds for just a dining experience when I no carry babe, Something wey I for just take to my hotel room jeje and save 8 pounds. Lesson learnt.

After spending three nights in London, I decided not to head straight to Naija. Instead, I said to myself, "Why not explore Kigali?" I had heard so many positive things about Rwanda, and I felt it would be nice to see the country for myself.

When I landed at Kigali International Airport, my first impression was that it was quite small compared to many of the airports I have visited around the world. However, don't let its size fool you, Kigali Airport works remarkably well. It was clean, efficient, and well organised. The people were warm and welcoming, and from the moment I arrived, everything felt calm, pleasant, and refreshingly orderly.

I went to the airport bureau de change to convert some US dollars into Rwandan francs (RWF). The exchange rate was 1 USD to 1,475 RWF. Interestingly, the currency felt somewhat similar to the naira in terms of value, although Rwanda has much higher denominations, with notes such as the 5,000 RWF bill.

The hotel I booked offered complimentary airport pickup and drop-off services, so getting from the airport to the hotel was seamless. The hotel turned out to be one of the highlights of my stay in Kigali and offered excellent value for money. Everything worked perfectly, which is something I always appreciate when travelling.

My favourite part of the experience was the breakfast buffet. It was absolutely excellent, with a wide variety of delicious options to choose from. The staff were warm and welcoming, the hotel was exceptionally clean, and the views were incredible. Overall, I would give the hotel a solid 4 out of 5.

I asked one of the hotel staff to help me arrange a tour guide because I wanted to explore the city. The guide arrived the following morning, and we set off on our tour.

It is safe to say that Kigali is one of the neatest cities I have seen. I did not see so much as a piece of paper on the streets. The city is also incredibly green, with trees and beautifully maintained vegetation everywhere. The air felt fresh and clean, making the whole experience even more enjoyable. I absolutely loved it.

During the tour, I decided to engage the guide in conversation. One of the questions I asked was the price of petrol. He told me that a litre of petrol cost about 3,000 RWF. Immediately, my Purchasing Power Parity instincts kicked in again. Back home in Naija, that same litre of petrol would cost roughly ₦1,300 to ₦1,400. The comparison was interesting and gave me a different perspective on the cost of living in Rwanda.

I asked the guide about their president, and without hesitation, he told me that he was the best thing that had ever happened to Rwanda. Curious, I asked how long the president had been in power. He replied, “About 30 years.”

I then asked the guide how old he was, and he told me he was 27 years old. That caught my attention, so I said to him, “How can you say this president is the best thing that has ever happened to your country when he is the only leader you have known for your entire life?”

I explained that, from my perspective, it would make more sense if there had been a change in leadership at some point, allowing people to compare different administrations. To me, remaining in power for three decades without any clear succession in sight raises questions about whether the system is becoming too dependent on one individual.

Of course, the guide saw things differently. He judged the leadership based on the country's stability, cleanliness, development, and overall progress. It was an interesting conversation and a reminder that people often view politics through the lens of their own experiences and circumstances.

Later that night, I decided to check out a club in Kigali called La Noche. Just as I was beginning to settle in and enjoy the atmosphere, I was informed that the club would soon be closing. Looking at my watch, I was surprised to see that it was only a few minutes past midnight.

"Why is a club closing so early?" I asked.

They explained that clubs in Kigali typically close at 1:00 a.m. on weekdays and around 2:00 a.m. on Fridays. At that moment, I could not help but say, "God bless Las Gidi."

It turned out to be the shortest club visit of my life.

I headed back to my hotel and decided to order a few bottles of Heineken instead. A small bottle of Heineken at the hotel cost 4,000 RWF. I felt I had seen and experienced most of what I wanted to in Kigali. So, I decided to make that night my last in Kigali. Gidi was calling.

Finally, I landed in the Motherland.

The moment I arrived, I felt at home. I instructed my driver to take me to GTA Hotel in Ikeja so I could relax for a few days before beginning my project inspections.

Later that evening, I made my way up to the hotel's rooftop lounge and ordered a bottle of Odeku. The London experience was still fresh in my mind, so before placing the order, I asked the waiter for the price.

"₦3,000," she replied.

I smiled and said to myself, "Naija is indeed cheap. The only problem is the low wages."

After comparing prices across London, Kigali, and Lagos, it became even clearer to me that the cost of goods and services often tells only part of the story. What really matters is how much people earn relative to those costs.

This write-up is already longer than I intended, so I will stop here for now. If people do not consider this a derailment, I will follow up with Part Two: My Naija Experience.

One of my biggest takeaways from this trip was observing the differences in purchasing power parity between countries. The same amount of money can buy very different things depending on where you are, and travelling across multiple countries in a short period made those contrasts impossible to ignore.

MTNN Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48321_MTN_NIGERIA_COMMUNICATIONS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

ARADEL Q3 '26

INT DIV: ₦7:00
QD: 27 November 2026
PD: 7 December 2026

https://doclib.ngxgroup.com/Financial_NewsDocs/48334_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

MTN Nigeria’s Trillion-Naira Triumph: Record Profits, Rising Costs, and the Road to ₦1,200

https://www.nairaland.com/8775080/mtn-nigerias-trillion-naira-triumph-record

October was a red month for the market if you measure the other 164 equities ex DANGCEM.

Given that a relatively small DANGCEM was able to add 440bps to the index and mask the actual 280bps dip in just 4 sessions of gains, imagine what DPRP would do.

AIRTEL too did it earlier in June/July when people were feeling deep reds but the ASI only showed a mild 5% dip, cos the depth of the dip was being masked by surges in AIRTELAFRI

So at this point, there's a need to introduce a new index, not sure what we might name it, but it should be one that measures the market movement excluding the 5 largest or 10 largest most capitalized stocks.


Maybe ASI-X5 or ASI-X10 or something, this would be a more useful gauge compared to some existing indexes already in the market.


I will try sending an email in this regard by Monday. Hopefully someone with means sees it and acts on it.

https://www.nairaland.com/8775091/cmfcs-6-billion-makeover-capital



CMFC’s ₦6 Billion Makeover: Capital Raised, But Where Is the Critical Minerals Business

It seems the two of them are now twin brothers with the result aradel released late into the night like INEC

KarlTom:

America isn't a land of "anything goes" like Naija.. let's see if they still list in Nigeria though...

OPay Limited has withdrawn its planned initial public offering (IPO) on the New York Stock Exchange (NYSE) following a regulatory inquiry relating to a foreign jurisdiction it describes as immaterial to its core business operations.

In a statement, the fintech company said it mutually agreed with its underwriters to terminate the underwriting agreement signed on October 29, 2026, meaning its American Depositary Shares (ADSs) will not begin trading as previously scheduled.

OPay maintained that the development does not affect its business operations, financial condition or service delivery in Nigeria and other markets where it operates. The company added that it remains committed to investing in Nigeria's digital financial services sector and will provide further updates as material developments occur.

CHINA 😂

SonofElElyonRet:
America isn't a land of "anything goes" like Naija.. let's see if they still list in Nigeria though...

OPay Limited has withdrawn its planned initial public offering (IPO) on the New York Stock Exchange (NYSE) following a regulatory inquiry relating to a foreign jurisdiction it describes as immaterial to its core business operations.

In a statement, the fintech company said it mutually agreed with its underwriters to terminate the underwriting agreement signed on October 29, 2026, meaning its American Depositary Shares (ADSs) will not begin trading as previously scheduled.

OPay maintained that the development does not affect its business operations, financial condition or service delivery in Nigeria and other markets where it operates. The company added that it remains committed to investing in Nigeria's digital financial services sector and will provide further updates as material developments occur.

That vawulence you dey look for eh 😂

Sunrisepebble:
It seems the two of them are now twin brothers with the result aradel released late into the night like INEC

awesomeJ:
October was a red month for the market if you measure the other 164 equities ex DANGCEM.

Given that a relatively small DANGCEM was able to add 440bps to the index and mask the actual 280bps dip in just 4 sessions of gains, imagine what DPRP would do.

AIRTEL too did it earlier in June/July when people were feeling deep reds but the ASI only showed a mild 5% dip, cos the depth of the dip was being masked by surges in AIRTELAFRI

So at this point, there's a need to introduce a new index, not sure what we might name it, but it should be one that measures the market movement excluding the 5 largest or 10 largest most capitalized stocks.


Maybe ASI-X5 or ASI-X10 or something, this would be a more useful gauge compared to some existing indexes already in the market.


I will try sending an email in this regard by Monday. Hopefully someone with means sees it and acts on it.

Your observation is very correct. NGX as presently designed is driven by large-cap companies. Many countries with robust stock markets, do have indexes that measure small-cap which enables investors to determine which stock categories is driven their ‘major index’. In Africa, only South Africa has such - J202. With about 150 stocks on NGX, I’m not sure that our market is ripe enough to have a dedicated NGX-small cap.

Some stocks ended -ve, while many ended without any gains, and only a few ended +ve for Oct, led by DANGCEM & some other stocks under Industrial sectors.

MEGAWEALTH02:
CHINA 😂

A Nigerian once "accused" Opay of gathering data about Nigeria for use by Chinese industries in strategizing for trade with Nigeria(ns)

Contagion effect

Sunrisepebble:
It seems the two of them are now twin brothers with the result aradel released late into the night like INEC

China no establish Opay for play na

SonofElElyonRet:
A Nigerian once "accused" Opay of gathering data about Nigeria for use by Chinese industries in strategizing for trade with Nigeria(ns)

awesomeJ:
October was a red month for the market if you measure the other 164 equities ex DANGCEM.

Given that a relatively small DANGCEM was able to add 440bps to the index and mask the actual 280bps dip in just 4 sessions of gains, imagine what DPRP would do.

AIRTEL too did it earlier in June/July when people were feeling deep reds but the ASI only showed a mild 5% dip, cos the depth of the dip was being masked by surges in AIRTELAFRI

So at this point, there's a need to introduce a new index, not sure what we might name it, but it should be one that measures the market movement excluding the 5 largest or 10 largest most capitalized stocks.


Maybe ASI-X5 or ASI-X10 or something, this would be a more useful gauge compared to some existing indexes already in the market.


I will try sending an email in this regard by Monday. Hopefully someone with means sees it and acts on it.

👌

MEGAWEALTH02:
China no establish Opay for play na

They make their major bucks in Nigeria and have the confidence to list in the US first.

.

Aradel oh. My chest dey pain me.

Banking sector

Bizibi:
Bros point the direction make we load....

BullBearMkt:
Your observation is very correct. NGX as presently designed is driven by large-cap companies. Many countries with robust stock markets, do have indexes that measure small-cap which enables investors to determine which stock categories is driven their ‘major index’. In Africa, only South Africa has such - J202. With about 150 stocks on NGX, I’m not sure that our market is ripe enough to have a dedicated NGX-small cap.

Some stocks ended -ve, while many ended without any gains, and only a few ended +ve for Oct, led by DANGCEM & some other stocks under Industrial sectors.

Yes sir. I'll just throw in the opinion there and I expect them to refine it even if they ultimately decide to implement. The situation would be worse once DPRP lists.

As it is, ASI might even close the year at 80%+, cos DPRP alone could add 10% to it's current 63% before any other stock. We're also not sure if Otedola's action wouldn't push cement past 2k.