₦airaland Forum

Stale news. How many years back was this reported? Clickbait!

Estello:
https://applesbite.com/businessman-raises-alarm-over-missing-n550m-fixed-deposit-at-first-bank/

I bought some back then, but the COVID zeitgeist did not let me put all my capital in it at N10; nonetheless, I’m heavily loaded.

megawealth01:
I bought 16 naira

It traded at circa N10 per share during COVID in 2020.

megawealth01:
Same ZENITH at 16 naira per share

Lol I’ll teach you instead. I’m telling you what’s obtained world over, from experience and not mere imagination like you’re having.

DeOTR:
You'll learn the very hard way.

There’s no law forbidding someone recording you in an open, public space, so far it’s not in your personal (enclosed) living space. The grey area is him recording while defaming the victim and sharing on social media platforms. That’s where the boy Peller goofed and will likely pay for his misdeeds.

Jayboi:
If pedestrians are more smart these days, they can make cool money from these content creators. Make all of us they craze together. Make money by any means

You may not be able to buy after the markdown because of instant price appreciation, but time will tell.

Mpeace:
I haven't seen my Zenith and GTCO dividend from last year, despite writing officially to Veritas and Datamax registrars. Even an official report to SEC has yielder no result.

That of Datamax is worse in that they pay my Seplat dividends regularly but will not pay my GTCO dividends.

I took a personal decision to always sell those two just before dividends.

More so I have enjoyed good appreciation in price. I might buy after the dividend markdown.

Why is Ellah Lakes not there? @ Agbalowomeri?

megawealth01:
24 Nigerian companies are now worth over N1 trillion on the stock market (2025)

1. Airtel Africa Plc: N23.60trn
2. MTN Nigeria Communications Plc: N16.31trn
3. BUA Foods Plc: N14.36trn
4. Dangote Cement Plc: N13.57trn
5. BUA Cement Plc: N8.37trn
6. Aradel Holdings Plc: N5.82trn
7. Seplat Energy Plc: N5.07trn
8. Guaranty Trust Holding Company Plc: N4.29trn
9. Zenith Bank Plc: N3.83trn
10. Lafarge Africa Plc: N3.29trn
11. Geregu Power Plc: N2.85trn
12. Nestlé Nigeria Plc: N2.58trn
13. International Breweries Plc: N2.52trn
14. Presco Plc: N2.43trn
15. Nigerian Breweries Plc: N2.42trn
16. Transcorp Power Plc: N2.30trn
17. First HoldCo Plc: N2.22trn
18. Stanbic IBTC Holdings Plc: N2.08trn
19. Transcorp Hotels Plc: N2.08trn
20. United Bank for Africa Plc: N2.03trn
21. Okomu Oil Palm Company Plc: N1.68trn
22. Access Holdings Plc: N1.29trn
23. Ecobank Transnational Incorporated: N1.09trn
24. Wema Bank Plc: N1.03trn

What’s difficult to believe here? Okomu Oil has 953.91 million outstanding shares. At N1765 per share, do the maths.

sheedy407:
I don't believe this especially Okomu Palm Oil Company

The upper limit is Stanbic IBTC. There’s an order that must be maintained in the banking sector of Nigeria-factor that into your analysis.

PuristForest:
🇳🇬 $GTCO – 261.8% extension in play?

The 4-hour chart is signaling a potential move to ₦132.1 if structure holds.

https://x.com/ew_nation/status/2031991786353082779

There are hundreds to thousands of industrial applications for cassava other than food production or human consumption. Industrial starch for ethanol (green fuel), textile industry, and drug production are some examples. Learn!

Agugbadin:
Cassava Hmmm poison. Are there no other food item to research on .

She bought 17.244 gallons (= 65.28 liters) for US$100—that’s about US$1.53/L = NGN2,138/L. So, that’s not so much different from Nigeria, considering the included tax in U.S. pump prices.

chopnaira:
Korra Obidi Cries as she buys petrol of 100 dollars to fill her SUV.

$100 fuel pic.twitter.com/hxh4KB8yMa

— Senior Pastor Okezie James Atañi (@Onsogbu) March 10, 2026

https://www.instagram.com/reel/DVtv0haj9hD/?igsh=cTY2ODBpNXR1dDkx

It’s a possibility, but even in that case, I believe the stockbroker KYC verification and the registrar record should still provide basic leads to reveal the identity of the owner(s). The broker KYC process would’ve requested the directors’ details and identification documents.

essentialone:
What if it was a shell company used by a dead man?

Even if it’s an SPV, it would have listed key members of the parent company as contacts and they can be tracked based on available information if they really need them.

The family may not know, but such an individual would have had an attorney in the know and possibly a will if they are now dead. A politician? Possible, but Union Dicon and possibly the broker or registrar would still have valid information from their KYC that can be used to track them down if push comes to shove! Lol

KarlTom:
It could be an investment vehicle.

There's a possibility that the owner's family is not aware of the company's existence.
It's also possible that it belongs to a politician currently being probed...

Regardless, the entity must have provided a next of kin as an individual or key officers as a company. They can be traced or tracked based on that in the worst-case scenario.

Agbalowomeri:
For a company that has been moribund for like 20 years ba

The next of kin for individuals or the company’s key officers are points of contact. It shouldn’t be that difficult.

essentialone:
Concerning Union Dicon Salt Plc, what does NGX and SEC Rules say about a majority shareholder of a listed company, who can no longer be reached, and who may have died, or may have been lost forever?

We do not anticipate things, until they happen. Lack of proactiveness.

An opportunity to load as much as you want. People are only trying to rotate cash into other stock ms that might benefit from the ongoing war. Nothing has changed in the fundamentals of the company.

innovestor:
Omo. Presco is 100% on offer. no body wan buy

They did.

mikeapollo:
If this is the case, then they should at least compensate investors by paying some interest on the rejected funds, no matter how little.
This would actually show that the management has some integrity.

No doubt it will surpass N3K between now and Q2 or H1 result.

crownprince2017:
The minimum this will do this year is 3k based on the price of palm oil when you compared it season on season.

presiade:
PRESCO at N2160! The journey to N5000 is not far!

Sighted at km N2315.4. The journey continues!

It boils down to the growth rate of the company, and of course, the industry or sector—which in this case is massive!

emmanuelewumi:
You will soon understand how a stock with a forward PE of 15 can be cheaper than a stock with a forward PE of,4

PRESCO at N2160! The journey to N5000 is not far!

From all indications, all is not well with Morgan Capital Securities currently. I just hope SEC or CSCS or both have proper oversight on stockbrokers as they should.

Raider76:
Please has anyone withdrawn funds from Morgan in the last few days? I requested to withdraw some funds since Friday using the Funds Withdrawal button in the iTrade website. I had to send a reminder email today. They acknowledged the mail and promised to process the request right away. Unfortunately I am yet to receive the money. I am sure it is not the T+2 days issues as I have available balance in my account far in excess of my request for several days.

It’s simple science: saline water (e.g., seawater) dehydrate the body, so you quests for more as you drink it—it can kill. So never drink sea or ocean water.

zendi:
Money making, that is.

But any Ijaw or Ilaje man HERE can help us confirm that salt water does not quench thirst.

Based on the current market situation, ZENITH should be trading in the range N97.3-N101.3. They’re shaking off the weak hands now—hold firmly!

He would rig as all of them do and knows that the devoted ones won’t participate in rigging during that period: simple.

handsomebolanle:
I need more of Zenith Bank at bargain prices.

Perhaps after dividend payment.

Given the situation at the close of the market today, it should be trading in the range N88-N92.

Pele, won ti gba “opa Mose”.

Agbalowomeri:
Delilah don collect my tools

Do I even believe they exist? That was on a lighter note, don’t take everything too seriously!

awesomeJ:
It's like you asking a 500k lux light to worry about darkness you see it's a misplaced worry. for 500k lux, it's instant death to any such darkness (village people in this context), not everyone is vulnerable to village people, some of us only make them shiver and we decide whether or not they should live. It's a privilege, but I have it.

Don’t let the village people accompany (‘follow’) you back to the NSE after your visit. Corporate anointing may not be able to cover the bear that they’ll bring for you.

awesomeJ:


Certainly, but i want to grow my portfolio first through Q2, Trading a N100m portfolio is easier.

Plus I will be financing the car, and the payment schedule is about N1.8m monthly for 36 months, with N17m downpayment.

I need that N1.8m monthly payment to be something i can consistently make from 2 days of trading.

Finally, my trip to the village where I want to go show it off isn't happening till September.

Other non-oil components of the GDP (agriculture, financial services, and trade, etc.) have been steadily increasing more than the crude oil and gas components. S, it’s no longer strictly about oil price.

mikeapollo:
All these beautiful policy intentions rely on our ability to generate the needed forex, which relies heavily on oil revenue.
Once oil revenue does well, every other thing will be fine. Otherwise, all these na audio.

Foreign reserves at work:
https://www.nairaland.com/8616324/cbn-approves-150000-weekly-fx#138433559

@AwesomeJ may buy that his car sooner--you won't have to wait much longer.