₦airaland Forum

Well, that’s why you shouldn’t speak in absolutes, even if you are the one in charge.

We can request J. Ovia (and Adaora) to remove the names of some of you naysayers from the shareholders register for the dividend payment.👌✌️

elengine:
We are here 😀😀. I think they successfully made their case to CBN. The reason their FS was this delayed. Congratulations to us😀😀

Why leg(s) and not fingers? @Agbalowomeri don see trouble. 🤪

popoolaRofiat:
Leg crossed mcy and I 's dream will soon come to reality

You mean Sir Ovia is not an “Ah Obi, import and export”? 🤪

Teenaira:
Thank God oooo. Ovie is not an Obedient. At all at all na him bad.

ZENITHBANK DIVIDEND:

Qualification Date: October 23, 2026
Payment Date: October 30, 2026.

https://doclib.ngxgroup.com/Financial_NewsDocs/48063_ZENITH_BANK_PLC-ZENITH_BANK_PLC_CORPORATE_ACTION_CORPORATE_ACTIONS_OCTOBER_2026.pdf

Where are the prophets of “ZENITHBANK will not pay shishi”? Though based on my cursory look at the AFS, it seems there is room for improvement in the bank’s performance.

dangle:
https://doclib.ngxgroup.com/Financial_NewsDocs/48062_ZENITH_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

Where is your source? It’s not on NGX website yet.

ZikkyChops:
*Zenith Bank proposed ₦1.50 as interim dividend*

Let’s keep it a faceless forum: It’s just a coincidence.

jonnysessy:
Hmmmmm, presiade you seem to know me. You have mentioned yet another thing that is synonymous with me. I thought this is a faceless forum but, now I know you know me. Before, I thought it was a guess.

Make una watch well oh. If any housefly crosses the grid make una snap am sharply.

jonnysessy:
We are watching with eagle eyes 👀.

It’s about to get down. Is this paid post a sign of a good or a bad announcement coming up later today? Time will tell.

https://www.nairaland.com/8762887/zenith-bank-banking-tomorrow-girl-child

Haha 🤣 Please stop… Let’s refocus on the topic of the thread. Nonetheless, I re-emphasize that I am not a spokesperson for (supporting) any politician—but if they procure my services, I’d do that.

mikeapollo:
Good. This is the confirmation;
You are cross examining a witness; doing so as an advocate, lawyer, solicitor for the govt,
Well done. The $10m has already entered! I knew it!
And again, today is Friday......my God. Some people are just lucky in this world.

Witness not responding (avoiding cross-examination), case solved.👌🤷🏽‍♂️

mikeapollo:
This is subsidy in disguise. Stop gallivanting for excuses!.

A govt that is now under pressure because the opposition talked about bringing back subsidy

If I have been paid? I’d say it with my full chest, but I doubt the government can afford my services—it will cost them US$10M to enlist me on their side.

Check my initial post where I juxtaposed the news of the government’s announcement and the lead opposition’s reaction. I believe this is the type of engagements that the opposition should be having, not he was involved in dr@g case in the U.S., he didn’t go to primary school, or whatever inanity.

gds4real:
Have you been paid by the government to do this? Why do we always pretend as if we don't know the rationale behind this gesture.
Is it now the government just realized people are paying so much for fuel?
So, after the 30 days, what happens next?

Answer the question I posed to you: Was fuel subsidy as we knew it while it lasted in Nigeria indiscriminate or not? Stop beating about the bush!

mikeapollo:
Definition from Investopedia:
A subsidy is a financial benefit given by governments or authorities to individuals, businesses, or specific industries to lower costs, alleviate financial burdens, or promote specific economic and social policies. Subsidies can be delivered directly through cash payments or grants, or indirectly through tax breaks, price reductions, or cost exemptions

You’re always very funny. @ the bolded, was that the situation with Nigeria’s fuel subsidy?

Guy, learn to be dealing with facts of a matter and not just looking for ways to twist narratives in ways that make you sound xxxx (let me not type that in my spirit of respecting others with divergent views or opinions). ✌️


They couldn’t have done it in the past because the economy was unwell, and it has just recovered enough (foreign reserves is solid, exchange rates is stabilized, headline inflation is declining, etc.) to temporarily cater to the very needy—not everyone yet—I believe.

mikeapollo:
Always trying to justify and rationalize decisions by a confused govt.
If you do not know, subsidy does not mean an ''indiscriminate'' arrangement. Subsidy can also be targeted. And it can be periodical as well.
If not for the opposition that made subsidy a topical issue recently, why did the govt not do this when fuel was selling at higher prices in the past?

They clearly stated that it’s for a period of 30 days, will be available at specific service outlets (NNPCL stations only), and priority will be given to commercial motorists (bus operators). Thus, this is not an indiscriminate arrangement like subsidy, which subsidizes the opulent lifestyle of mostly the rich (who needlessly operate multiple cars, run generators, etc.)! That’s the difference.

If the administration refuses to do anything na una go still complain of them being insensitive. However, now that they’ve done something, you still have to wail. They said they transferred some cash to the poor, you said na lie; when the poor will buy fuel from NNPCL before your very eyes, you can’t say it’s a lie but claim it’s subsidy again. 😅😅 Aye ma nika o.

mikeapollo:
Is this not the same as subsidy?
A govt that speaks ftom both sides of the mouth.
And some people here would be defending them senselessly telling lies and giving excuses.

The FG is offering a 30-day PMS discount program at NNPC stations.

https://www.nairaland.com/8762440/federal-government-announces-30-day-discount

Lead opposition candidate, Atiku, fires back:
https://www.nairaland.com/8762486/tinubus-30-day-fuel-discount-election

Make I reserve my comments on the bolded. LoL

On the last paragraph, private jets aka PJs loading.

yMcy56:
Lol.
Make he sha dey visit with briefcase filled with $$ and deliver it without looking back.
Spiritual controls the physical 🙊

Oga Agba, do you know funny enough, I dreamt and saw Otedola before FBNH started rallying from N30, at another time around N60 🤣

I need to be paying special attention to the dreams now.....and maybe monetize it.....Dream Analysis

That’s what I mentioned—the full name of the character is Milo Rambaldi. Arvin Sloane is a very cold, “bad” guy always fixated on the Endgame!

chimex38:
Rambaldi--reminds me of the season thriller ALIAS
and Sloane, the fictional character obsessed with Rambaldi and his immortality creation

👌

jonnysessy:
All eyes on NGX corporate disclosure. This is hoping another extension will not hit shareholders in the face. It was as if 9th of October 2026 will not come. But, guess what ? The day is tomorrow

But why are you shouting? 😅 Or has Wale held you by the blokos? @Agbalowomeri, come and see your client.

Anyway, hungry employees would be demotivated and lack the mental and emotional drive to turn around the company’s fortunes, hence they must continue to receive their entitlements. It’s the (top) management that chart the course of the company that can be penalized if at all a group should be penalized besides the shareholders.

lawani:
IF A COMPANY COLLAPSES WE WILL KNOW IT HAS COLLAPSED AND THE SHAREHOLDERS WILL BEAR THE BRUNT BUT WHEN IT HAS NOT YET COLLAPSED THEN IT WOULDN'T BE FAIR TO PAY WORKERS WITHOUT PAYING THE SHAREHOLDERS

I know that’s what Milo Rambaldi would do.

millo:
I have taken a HUGE position.

While your line of reasoning is fair and highly logical, globally, shareholders are always the bearer of the brunt in a company if the company kaputs. On the one hand, general employees have a binding service-for-pay contract with their employer, so paying them is mandatory. On the other hand, shareholders know the risks involved in putting their monies into the company’s business.

What could be tweaked is the directors’ remuneration. No profit (dividends for investors), no or a bear-minimum bumper pay for the company’s directors, including the CEO.

lawani:
The company is being run well but no company should be allowed to be paying salaries without paying dividends. The rule can sanitize any stock exchange and even the economy.

If it is servicing 2.7 trillion naira in debt easily then it is profitable but it has an unfeeling management. Why leave shareholders and be servicing only debt?
That debt can be turned into up to 10 trillion naira in equity

Well, this one is an open information now. The extension request that the bank submitted to the NGX ends tomorrow, and they’ve not requested another one…

ghm:
Could you please hint us?

By tomorrow, we’ll know what’s up with ZENITHBANK. Based on currently available information, today’s the last day for hopeful gamblers to take positions in the bus.

The local hunters wan become the hunted ba? If that’s the case, no wahala na—we’ve been pushing our market by ourselves in their absence, and we’ll continue to do that if they carry their kaya comot. “Aponle ni foreman, enikan ko le ru eru eyan merin.”

Agbalowomeri:
Are you sure this frontier thing is not for their exit? Una think say dem too be mugu

I get it, but even they also know who’s winning and that the status quo will be maintained. They should have just waited until January before reinstating the country into their frontier market classification or index.

Oasisblue:
They are probably waiting for the election outcome in January.

LoL at least make dem show face small (take small positions) so we go know say VIPs don enter we country. If not, dem for kukuma postpone their formal return until after the elections. 🤷🏽‍♂️

Agbalowomeri:
Na till after election

You wan make dem enter murky water ni

With no transactions yet.

SonofElElyonRet:
🤔

The FT Russel people decided not to show face in the market since they came back. I’ve not seen their handiwork a bit.

I believe you might just get your wish; but for me, I’m only interested in two banks in only about three banks on the NGX. FIRSTHOLDCO don show me shege way back, and I won’t touch it with a long pole. Also, I won’t touch ACCESSCORP for personal reasons.

mikeapollo:
My own target na Access Bank. I want it around N25

Okay.

No be say I have STERLING shares. Make dem no pay well, the market will do justice to the share price post-reconstruction. LoL

mikeapollo:
This has been considered (see my earlier post)

Sterling Bank highest dividend in the last 10 years (without reconstruction) is N0.18k (for FY2024, paid in 2026).
Multiplied by 10 gives N1.80 (or N2). Let's even assume it will be N3
Compare that to the dividends of other banks selling for N70-N77

Well, that’s a different thing entirely. My question came from a different perspective.

ayobama1:
In my few years on the ngx, I could not remember even a single shares reconstruction that accrued value to shareholders.