₦airaland Forum

It is clear that this country is now being led by people who do not believe in it. Why do you make NYSC posting as regards to insecurity a matter of policy, and formally state that only students from insecure areas should be posted there? Shouldn't such issues be left to the discretion of the Service? Even at the peak of insurgency in Borno and Yobe states NYSC members were formally posted there, but they were instead sent to serve in other states. When will our leaders understand that insecurity at the level we have it now has to be fought nationally and not be regarded as the headache of those states that are suffering from it. Which states are really free of it now?

megawealth01:
President Bola Ahmed Tinubu has approved a major overhaul of the National Youth Service Corps (NYSC) deployment system, announcing that corps members will now be posted to states based on security risk assessments rather than the existing nationwide allocation model.

Under the new policy, prospective corps members will no longer be deployed indiscriminately to states facing serious security threats. Instead, postings to such areas will prioritise indigenes, residents, graduates of institutions within those states, and those from neighbouring states in the same geopolitical zone, following detailed security evaluations.

The President said the decision forms part of a broader reform agenda aimed at protecting corps members while preserving the NYSC's objective of fostering national unity. He noted that security realities across the country require a more practical and flexible deployment system.

Tinubu also approved other far-reaching reforms, including extending the NYSC orientation camp from three weeks to six weeks, replacing the military Director-General with a civilian DG, and introducing expanded training in entrepreneurship, leadership, civic responsibility, and job creation.

He directed the Federal Ministry of Youth Development and the Ministry of Justice to begin amending the NYSC Act to provide the legal framework needed to implement the reforms.

According to the President, the changes are intended to modernise the scheme, enhance the safety of corps members, and better prepare young graduates for life after national service.

Who said money has left the market?

toyeoye:
🚀 Late surge: AIRTELAFRI hits limit-up in the final minutes of trading.

The telecom giant jumps ₦479.40 to ₦5,274, matching a fresh 52-week high and extending its gain to +132.3% YTD.
Volume reached 110.4k shares, about 150% above its 30-day average, as buyers stepped in aggressively into the close. 🔥

Aradel on the move?

Those people who used to bring FIRSTHOLDCO sharply down at close of trading through large volume cross trades strucked again today. It is a typical accumulation style that will be followed by a massive move upwards when the time comes.

If you are still holding a fundamentally sound stock you only lose if you sell. If you don't sell you will only lose time.

Yes. Things may change by July 1st. But trading opportunity may also come.

SonofElElyonRet:
NGX Hurricane wey go blow the shelter fit come

Not sure

Amovingman:
What about Airtel bro

The drop in Dangcem and Buacem maybe due to a complaint by gov on the rise in the price of cement in recent months. The gov said that they are meeting the manufacturers. The price of cement has gone up 30% since January, and is still going up, causing serious cost issues for builders and contractors of gov projects. I hope the gov backs it's complaint with threats of allowing imports.

toyeoye:
🚨 Cement stocks are taking a hit today.
BUACEMENT (-10%) joins DANGCEM (-10%) at limit-down, putting more than ₦30T in combined market cap under selling pressure.

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.

https://youtube.com/shorts/jqJ4UtiyZDc?si=o61GU1M2tpQJbASA


The banks have started their push back against the CBN's recent regulations.

If you are using charts like the one on Investing.com the closing price is not N55. That is because they don't catch prices of trades done after 15:55 hours immediately. You need to check sites like TRW-stockbrokers.com that report actual NGX price list. If you also check Morgan's eTrade you would have seen details of actual individual trades which clearly shows the cross trades at N55 done late and recorded as executed at 1600 hrs. The closing price on NGX is determined only by the NGX rule of the last single trade of 100k volume.

ositadima1:
I don't think you read that very well. It only traded ₦578 million on Friday, and it actually averages more than twice that amount. The day before, it traded over ₦7 billion.

I don't think it closed at ₦55 because a cross deal wanted to push the price down that Friday. I think it was more likely due to a few secondary reasons:

1. There were not enough buyers that Friday.
2. Sellers were more aggressive and willing to accept lower prices.
3. Just general bad market.

But I'm not saying it won't recover.

It will go back up to 60 tomorrow. That 55 was a cross made at close of trading. They had to clear all bids above them on the table before they can execute the trade. That is why some lucky people got to buy at 55 also.

machine606:
Bargain Hunters eyeing FHN at price given to odetola or below @44. Why will I buy at premium when even a billioner CEO refuse to.

They will learn either way!

https://africa.businessinsider.com/local/markets/dangote-fuel-takes-an-unexpected-route-through-lome-as-regional-trade-networks-expand/j2qh5h2


Sad story for Nigerians. So Nigeria now refines petrol, export it to Togo and then reimport it so that importers can continue business as usual. In the process Lagos loses business to Lome Nigerians pay more for petrol and we create jobs for the Togolese and unemployment for Nigerians.

I want to be in FIRSTHOLDCO when Ote$ starts generating and taking returns from his investment.

Don't bet on it.

Agbalowomeri:
This one is going back to 500

I had similar experience ounce with FIRSTHOLDCO when it was FBNH. I held through a 25% to 30% loss. It turned around and I recovered the loss and made additional 20% profit. I am in again this time.

orriyomi33:
I'm holding on.

My portfolio was down about 20% last year during the CGT era, even though it was my first red in the NGX, my Nvidia bear experience during the deepseek launch didn't make me fret.

We go again this time....I just need cash to accumulate more.

Sharp drop in the prices of FIRSTHOLDCO and GTCO through large cross trades at the close of market. What's happening?

The government should like this too as it has the potential to generate more capital gains tax.

yMcy56:
Let's see how far it could have positive impact....
Although it will come with its own disadvantages too......because price will be easily altered either positively or negatively... especially the big Caps.

Looks like the Rule was made for the big Cap stocks..... ARADEL, SEPLAT, AIRTEL, DANGCEM and the likes.. .
Especially SEPLAT and AIRTEL to enhance liquidity...

Will Aradel pay dividend? Their BM notice didn't say dividend will be recommended to the Board.

KarlTom:
ARADEL. ±
CONOIL. -1.41%
ETERNA. ±
OandO. +1.18%
SEPLAT. ±

Yes. But GTCO gained today, signaling a possible bottom.

ppogba:
Market bad sotey even the news of UCAP buying 5% stake in NGX can not even discourage the shares from digging for crude oil.

The night may be longer than we are expecting o.

Aradel"s BM is Friday.

Apparently Cadoso didn't get that circular
🤣

yMcy56:
You wish!
ASI wey APC go take campaign for 2027 election.....
They may do anything to continue keeping it up 😁

Thanks for the reminder of the Frontier Market too....
I think it's September or thereabout......so market may still go up..

Please is Oando the only company required to have their FS vetted by the FRC? Or are they just doing it to give some sense of regulatory approval to the results? Two weeks is certainly not enough time to vet the results of such a large company as Oando, especially going by the time the CBN takes to vet banks' results.

sterlingD:
Latest development :Expect FS next month: June


https://doclib.ngxgroup.com/Financial_NewsDocs/47073_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_MAY_2026.pdf

Lol. He doesn't know the history of Persians.

NSEstudent:
Has that war really impacted them since it started? Oil prices have skyrocketed a few times, yet most of the oil stocks on the NGX remained unaffected.

By the way, it seems like Trump won't be getting the Iranians to surrender their highly enriched uranium.

Oil has dropped by $13 since Friday when Trump started talking about imminent peace deal. Will this affect Nigerian oil company prices on the NGX?

There's no perfect approach. It's just a matter of being prepared and able to take opportunities when they appear. It is the massive rally in the last 2 years that on hind sight shows an advantage for buy and hold. During this same period many traders did well too.

Payunsin:
Sold my Tip n NCR n wapco for peanuts all in the name of trading in the past that could have fetched me fortune today.
I am now banking on Access, chams and FTn cocoa to compensate me big time in the future. Anywhere fdem dey carry me, I no dey sell.

Maybe they are still fighting for control of the bank. As possible RI is coming the more you have the more your rights.

KarlTom:
Those FIRSTHOLDCO volumes

Is that FIRSTHOLDCO on full bid? Where are all those analysts pulling it down on Q1 provisions?

Alhaji did say that there are some 20 Nigerians with more money than him. If you have not made your money cleanly you cannot bring it out in the open.

leo1234:
This is huge

The man maybe wealthier than dangote.

He is probably just thinking aloud at this stage. You cannot just produce 20k megawatts without transmitting and distributing it. There is currently no capacity for that. So he may also have to build a grid and local distribution. If he plans to use the existing networks he will have the same fight he had with the oil and gas cabals and the unions. The power sector unions are just as powerful as the O&G ones.

SonofElElyonRet:
Dangote is the one that should've been named "Government"... Not Tompolo..

Wondering if he's going to register a separate company for this and if he's listing on the stock market