₦airaland Forum

Smile4mee01:
Hi Fellow Investors,

Please i am interested in swing trading on the NGX and i am looking
for any recommendations for

1. Stockbroker to use
2. The best research teams that give near accurate and precise decision on what stocks to swing.

Thanks

jonnysessy:
Abeg don't remind me of Bank PHB, as a greenhorn buying anything being churned out by banks in the name of public offering. I dabble into that one as a student. I bought 3,000 units. They managed pay dividend once before CBN hammer fell on them. In fact, CBN constituted a new board and sack the old board, the CEO Atuche was arrested by EFCC for financial crime. The bank name changed ( i think to Keystone Bank) and my share certificate became worthless and I lost everything. I had a similar experience with Oceanic bank. My 10,000 units became just 533 units in today's ECOBANK, though it is not reflected on my CSCS Statement but, i still receive dividend any time ECOBANK manages to pay dividend.

There are a lot more IPO and POs like Abosedehyde, Triple G, Savanna Bank etc where money was practically lost. Nobody talks about this negatives sides. But, what you keep hearing is how share prices doubles and compound. This piece is dedicated to all newbies that want to enter the stock market today. Have it in mind that it is a market. You can either make a gain or a loss.

Lesson learnt: Everything that have an advantage also have a disadvantage.

ayobama1:
You didn't eat your future as advised by Omega Bank 🤣🤣🤣

megawealth01:
As seen on the Internet

mikeapollo:
Does it mean that newcomer investors (e.g students) who do not have CSCS and CHN numbers cannot take part in this IPO?
This rule seems retrogressive to the interest of those without prior NGX experience

Raider76:
I don't know why such people are politics. That's why they can't reach Dangote level.

yMcy56:
Too bad 😔
NAICOM is supposed to give them options of merging within stipulated time/additional grace time at least.

N13.6bn Investors funds bite the dust again.

* Universal spokesperson said they've appealed the decision anyway.....
Hopefully it works in their favour.... 🙏

https://nairametrics.com/2026/08/19/naicom-revokes-universal-insurance-licence-over-failure-to-meet-recapitalisation-requirement/

ppogba:
Na dat "humbility", gentility and Mumu look made Baba Jim Ovia to make him the MD of Zenith Bank when he wanted to retire based on CBN rule. All other factors considered, he was the least worthy amongst all the EDs in Zenith then. But, baba no say na hin Mumu pass and hence give am the post.

I no go talk about Wigwe because time no go permit me. But, trust me, I know much about the industry.

Unfortunately, non of my children dey dat line. E pain me gaan.

essentialone:
Unity Bank Plc and Providus Bank Limited have officially completed their high-profile consolidation to form a single, unified financial institution operating under the new name, ProvidusUnity Bank.

Supreme Court Dismissal: The Supreme Court delivered a definitive, unanimous judgment that dismissed the final legal challenges attempting to halt the transaction. The apex court invoked Section 22 of the Supreme Court Act to directly sanction the business combination. It ordered the dissolution of Unity Bank's board without winding up the company and mandated the immediate transfer of all its assets, liabilities, and undertakings to Providus Bank.

Commencement of Joint Operations: Following final regulatory greenlights from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), ProvidusUnity Bank formally launched unified customer operations.

Capital Threshold Clearance: The strategic combination successfully pushes the joint balance sheet past the ₦200 billion capital threshold mandated by the CBN's national banking recapitalisation framework, positioning the new tier-2 giant as a major industry competitor with an asset base estimated at roughly ₦5.3 trillion.

Suspension and NGX Delisting: Under the approved Scheme of Merger, Unity Bank Plc is slated to be fully suspended and delisted from the Nigerian Exchange Limited (NGX). Its entire issued share capital is being cancelled as part of the asset transfer.

Payout Mechanics: Unity Bank shareholders are being compensated under a structured scheme offering a choice between a cash payout of ₦3.18 per share or a stock swap converting 17 Unity Bank shares into 18 Providus Bank shares.

Operational Footprint & Tech Upgrade: The integration phase combines Providus Bank's advanced corporate digital infrastructure with Unity Bank’s legacy footprint of over 200 retail branches and deep agricultural banking heritage. Management has reassured retail account holders that access to banking channels, card networks, and deposit services remains completely secure and uninterrupted during the operational migration.

leo1234:
Do you have the link to this information?

DataAnalyst2022:
Hello house,

I don't know where cowrywise is paying all my dividends into. It has been difficult to resolve this.

Pls who can recommend fund managers that are so transparent with their paying of dividends? I want to be receiving all my dividends in my bank account.

Thanks.

leo1234:
REGALINS @ 0.92


Picked some units here

orriyomi33:
Good morning @Sunrisepebble.

I saw this headline about a lawmaker expressing his concerns on the undisclosed owners of 66% equity in HBM NIGERIA PLC (Formerly Lafarge Africa PLC). Should this be a concern?

Ningi observed that while the report indicated that Nigerian interests, including the Federal Government and local investors, held about 16 per cent equity in Lafarge Africa and Holcim owned about 18 per cent, it failed to explain who controls the remaining 66 per cent of the company’s shares.

He argued that without a clear picture of the ownership structure, lawmakers could not fully assess the implications of approving the transaction.

[b]“I would have imagined that the report of the committee should specifically give us the shareholding structure. Nigerians have about 16 per cent, Lafarge has 18 per cent. Who owns the remaining 66 per cent? We need to understand where we are coming from.
“It is only when we know who owns the remaining shares that we can determine whether Nigerians are actually benefiting from this transaction,” Ningi said.

The lawmaker also dismissed claims that the transaction involved the sale of a strategic Nigerian asset, maintaining that available information suggested it was merely a transfer of ownership from one foreign company to another.

“There is a misconception about the ownership of Lafarge. The current development is basically the transfer from one foreign ownership to another. Lafarge is a foreign company transferring its shares to another foreign company.

“I would have expected the committee to point us to the specific provisions of Nigerian law that permit such a transfer and to clearly state the ownership structure before asking us to approve the transaction,” he added.
[/b]

faoogoke:
Its rational analysis. If Access bank mates are trading above N100, the least it will be should be is dance around N70. The trigger is interim dividend.

awesomeJ:
Even BTC has now broken new 52-week low.

I wonder how Saylor survives HPB with this his risky strategy at Strategy.

Raider76:
Aradel acting as a nice shelter against the NGX carnage. It is good as they have not removed the 100k trade requirement. Those selling at 1,575 must really need the money. Why sell at 10% down when the price will not move? Clarify the big guys who can move the price have decided to hold for now.

Valthegreat:
Morgan Capital has not debited my trading account for my Sugar rights up till now, I hope they will not tell me stories?

Amovingman:
How can I withdraw my funds on cowryrise please

Help me please 🥺🙏🏿

megawealth01:
💯

Kingzjayzee:
Arise News Anchor and Analyst Dr. Chiogo Constance Ikokwu has announced her leave of absence from the profession to join politics.



https://www.vanguardngr.com/2026/04/arise-news-anchor-constance-ikokwu-joins-politics/

mikeapollo:
Okay, thanks.
I guess most shareholders would opt for shares

SohSoh:
DATE : 22 MARCH 2026

BUY RECOMMENDATION : INDUSTRIAL & MEDICAL GASES NIGERIA PLC.

Ticker: IMG  |  NGX Listed  |  Sector: Industrials / Healthcare.
CURRENT PRICE : ₦36.00 | Hold Period : LONG TERM.

Industrial & Medical Gases Nigeria Plc (IMG) is Nigeria's dominant industrial gas company and the only quoted industrial gas player on the NGX.

BUY RECOMMENDATION and a long-term hold from the current price of ₦36.00.




Business Model — B2B (Business To Business)

IMG operates exclusively as a Business-to-Business (B2B) entity — zero retail or consumer exposure. Every naira earned comes from institutional, commercial, or industrial clients, creating a revenue profile that is structurally predictable, and recurring.


Why the B2B Model Creates Durable Competitive Advantage

1: Long-term supply contracts: Hospitals, refineries, and breweries sign multi-year agreements — revenue is locked in.
2: Infrastructure dependency: When IMG installs a Medical Gas Pipeline System (MGPS) or bulk cryogenic tank, the customer is captive for the life of that infrastructure.
3: Switching costs: Replacing IMG requires physical infrastructure change, equipment revalidation, and regulatory re-approval.
4: Regulatory moat: ISO 9001:2015 and FSSC22000v.5.1 certifications create barriers that new entrants need years to obtain.

CUSTOMER BASE & SECTOR ANALYSIS : SEE IMAGE BELOW

IMG's customer base spans Nigeria's most critical industrial and institutional sectors. The diversity of its clientele, from multinational oil majors to federal teaching hospitals to multinational beverage companies, provides exceptional revenue stability and cross-cycle resilience.


SECTOR:

1 : Oil & Gas : N₂ inerting, welding gases, specialty gases
2 : Food & Beverage (FMCG) : CO₂ carbonation, N₂ packaging
3 : Healthcare : Medical O₂, MGPS installation
4 : Manufacturing & Cement : Welding gases, O₂ for kilns
5 : Power & Energy : H₂, N₂ for turbine cooling/insulation
6 : Engineering Services : MGPS, customer engineering


COMPETITIVE LANDSCAPE

NGX-Listed Peers : IMG occupies a singular competitive position on the NGX. There are no directly comparable listed industrial gas companies in Nigeria.


PRODUCTS & SERVICES :

PRODUCTS : SEE IMAGE TABLE BELOW



Services : Engineering & Value-Added Services

• Medical Gas Pipeline Systems (MGPS): Design, installation, and commissioning of piped medical gas infrastructure — high-margin, sticky service with enormous growth potential given Nigeria's PHC upgrade mandate.

• Customer Engineering Services: Bespoke gas application optimisation — cited by Dangote Group's Director of Manufacturing as delivering significant production efficiency gains.

• Safety & Risk Management (SHEQ): Gas hazard assessments and risk frameworks — confirmed by Nigerian Breweries' Head of Safety as mission-critical.

• After-Sales Support & Installation: Ongoing maintenance of cylinders, cryogenic vessels, pipeline systems, and bulk tank installations.

Government Catalyst — February 2026

₦98bn Disbursed to Nigeria's PHCs :: President Tinubu confirmed over ₦98 billion disbursed to support operational expenses for over 8,300 Primary Healthcare Centres in 2025, with plans to expand to 13,500 PHCs nationwide. A further 2,565 centres have already been upgraded, with 1,456 currently undergoing renovation.

Why This Directly Benefits IMG

1 : Every upgraded or new PHC requires medical oxygen cylinders and ongoing supply.
2 : Fully equipped PHCs need Medical Gas Pipeline Systems (MGPS) — IMG's highest-margin service.
3 : 13,500 PHC target = thousands of new long-term institutional customers.
4 : ₦2.56 trillion healthcare budget allocation in 2025 signals a decade-long demand pipeline.
5 : IMG holds dominant market share in MGPS installation — no credible domestic competitor

Financial Performance & Analysis : (SEE IMAGE BELOW)

IMG's FY2025 financials tell a story of structural improvement at the operating level. Revenue was ₦8.38 billion while gross profit grew to ₦4.08 billion, a gross margin of 48.7%, up 220 basis points from 46.5% in FY2024.

• Cost of sales was reduced by 4.1% and selling and distribution expenses were cut by 19.6%, reflecting meaningful operational discipline.

These improvements demonstrate that the core business is becoming more efficient and more profitable on a per-naira basis with every passing year.

On the balance sheet, the transformation has been nothing short of extraordinary. Total equity has more than doubled to ₦11.78 billion, the company has moved from a net debt position to holding ₦2.16 billion in net cash, and book value per share has grown to ₦16.12. The ₦3.2 billion invested in property, plant and equipment in FY2025 — with a further ₦7.57 billion in the capital investment pipeline — positions the company for meaningful revenue growth as new capacity is commissioned through FY2026 and beyond.

Corporate Actions & Governance

Rights Issue (2025) — The Defining Transaction
In 2025, IMG executed a rights issue of 199,797,458 new shares at ₦32 per share .
The issue was 90.9% subscribed, raising approximately ₦5.8 billion net after expenses.
• Increased total equity by 99.2% from ₦5.91bn to ₦11.78bn
• Reduced borrowings by 97.5% from ₦5.33bn to ₦135.7m
• Eliminated annual finance costs of ~₦700m+
• Increased shares outstanding by 46.4%
• Positioned the company for debt-free growth financing.



Bonus Issue & Dividend History : SEE TABLE BELOW


INVESTMENT RECOMMENDATION — BUY
CURRENT MARKET PRICE: ₦36.00 (LONG TERM)

IMG is not merely an industrial company — it is a critical national infrastructure asset wearing the clothes of a mid-cap stock.

1: It provides the oxygen that keeps Nigerian patients alive.

2: the CO₂ that carbonates the drinks Nigerians consume daily.

3: the nitrogen that protects oil pipelines from combustion.

4: the argon that welds the steel structures of Nigeria's industrial economy.

This essential utility company, combined with a 65-year operational moat, zero debt, ₦7.6 billion in committed capital investment, and powerful government-driven healthcare tailwinds, makes IMG one of the most compelling risk-adjusted opportunities on the NGX today.


The (4) Four Pillars of Our BUY RECOMMENDATION

• PILLAR 1 — DEBT ELIMINATION: Finance costs that consumed ~₦700m annually have been permanently removed. FY2026 earnings will benefit directly.

• PILLAR 2 — CAPEX PAYOFF: ₦3.2bn invested in FY2025, with ₦7.57bn in WIP assets. As this capacity is commissioned in FY2026, it will drive revenue growth on a near-zero marginal cost basis.

• PILLAR 3 — HEALTHCARE MEGATREND: 13,500+ PHC upgrades mandated by the Tinubu administration create a decade-long demand pipeline for medical oxygen, MGPS installation, and gas supply that IMG is uniquely equipped to serve.


• PILLAR 4 — MONOPOLY MOAT: As the only NGX-listed industrial gas company with national production infrastructure, IMG has no domestic listed competitor.  — built over 65 years.