₦airaland Forum

Yes. The elephant is showing some signs of life today. Has so far officially touched N30. Let's see who wins by end of the day. On Monday the sellers won.

olig:
The Elephant is trying to avoid his political opponent gaining Access. It might make the Elephant start running

You will forever be unhappy if you think like this. The truth is there are always some opportunity costs, even on winning trades.

bastardson:
If I kept the money that is stuck in Aradel, if I had kept it in GTB Shebi I for dey rich now..

Why Nigerian refineries don't work is basically corruption. Corrupt officials from Presidents down to refinery mangers and oil import cabals collude with European refiners and IOCs to ensure the refineries do not work.

mikeapollo:
A lot of refineries around the world are older than our refineries and they are still functioning and producing

Did anyone say sell NNPC? It is only the refineries we are talking about. Selling them is not taboo. It was done by OBJ before.

mikeapollo:
There is no amount of open and transparent process that would convince the Nigerian masses if Tinubu should sell a national asset like NNPC to Oando, a company owned by his nephew.
The critical importance, controversies and corruption around fuel and petroleum products and the ignorance about business and corpotrate governance in Nugeria is too much.
Oando should not even bother to put in a bid if they love themselves.

All they have to do is conduct and open and transparent process. Remember that OBJ sold the refineries before. So there are reference prices.

mikeapollo:
It would be the biggest mistake if Tinubu should sell NNPC refineries to Oando after all the controversies about the sale of the filling stations.

Honestly a jump from 0% to 30% tax is crazy. We are crying about just 3% transaction cost. Now I see why billionaires in the UK are doing japa. Maybe some Nigerians will relocate to Ghana soon.

ositadima1:
How are individuals making ₦5 million a year considered wealthy? Have they accounted for rent? Food? Then they forget we don’t live in isolation like the “oyibo” — most people here support extended families, parents, siblings, and more.

I honestly wonder if the people setting these benchmarks even understand the real economy.

Anyway, in a way, this economic tightening might end up making people wiser. Hopefully, more Nigerians will start getting involved in choosing their leaders — unlike before, when many felt it wasn’t their concern.

Me, I will predict that this Government will sell its refineries in 2026, and Oando will be a buyer.

brodalikeme:
Oando beats every sense of rational reasoning and predictions Oo. If you remember, the price started falling even before June 30.
I just pray they follow through with the share redistribution before another drama.

Profit taking, and those tying to rotate to other faster moving FUGAZ banks, is what is worrying FBN.

Ginalex:
Otebaba see what the others are doing.... I trust you to show us love

9 banks gained today, with 3 of them gaining over 5%. Maybe the circular from CBN asking banks to submit their plans for existing forbearance is a pointer to a softening of measures taken by CBN on the matter.

Please be careful with penny stocks. As they go up yafun yafun 10% each day, that's how they come down when they reverse. So take profit as you go if you are trading. And if you are going in late make sure you consider your risk versus your reward.

Are you still inside that TRANSPOWER bus? You must know what you are looking for.

Ginalex:
Who go help us beg Elumelu for Transpower matter

Actually, the First Bank has been beaten down unfairly low. Why should it be trading much lower than UBA and Zenith? Those banks have the same forbearance issues as First Bank. I hope the guys lifting Firt Bank's price are aiming for a high target price.

megawealth01:
Once FIRST BANK cross 35 na straight to ElDorado

Please what is the current position regarding PZ's plans to exit the Nigerian market?

megawealth01:
Here’s a comprehensive update on PZ Cussons Nigeria Plc’s 2025 financial performance through the fiscal year ending May 31, 2025:


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📊 FY2025 Summary (Year ended May 31, 2025)

Metric FY 2025 % Change YoY

Revenue ₦212.63 bn +40%
Operating Profit ₦17.31 bn Reversal from ₦127.43 bn loss
Profit Before Tax (PBT) ₦16.86 bn
Profit After Tax (PAT) ₦5.54 bn Reversal from ₦76.02 bn loss
Basic & Diluted EPS ₦1.00 per share* vs ₦‑19 in prior year
Shares Outstanding 3.97 bn


*EPS based on ₦5.64 bn PAT over 3.97 bn shares: ₦5,643 m ÷ 3,970 m ≈ ₦1.42, but rounded to ₦1.00 in official disclosure.


---

📅 Quarterly Highlights (FY 2025)

Q2 (H1 ended Nov 30, 2024): Returned to profitability post-heavy FX losses; specifics in interim report .

Q3 (Nine-months ended Feb 28, 2025): Continued strong performance; firm posted ₦28.08 bn PAT and recorded Q3 revenue of ₦196.03 bn .

Q4 (Year-end): Group PAT of ₦5.54 bn for the year, driven by Q4 turnaround (after earlier losses) .



---

📌 Insights & Analysis

1. Major Turnaround: From a ₦76 bn net loss in FY2024 to a ₦5.5 bn profit in FY2025—driven by improved operations and reduced foreign exchange losses .


2. Steady Revenue Growth: A strong +40% increase shows robust market demand and pricing strategy in Nigeria .


3. Profit Concentrated in H2: Q3 and Q4 performance overcame early-year loss, reflected in growing quarterly profitability.




---

✅ Summary

EPS FY 2025: ~₦1.00–₦1.42, a sharp positive shift from last year's negative earnings.

Revenue: ₦212.6 bn; PAT: ₦5.54 bn.

Key drivers: Cost control, FX stability, and operational recovery.

Please may we know the website where this chart can be seen on a daily basis? It looks very informative.

SmartInsure:
Market overview for today

Afreximbank raises lending facility   for Oando to $375m

https://www.vanguardngr.com/2025/07/afreximbank-raises-lending-facility-for-oando-to-375m/

Next round of good news to raise Oando price has started.

https://nairametrics.com/2025/06/25/oando-posts-n113-billion-q1-pat-for-2025-on-surging-income-tax-credit/


"Interestingly, this net profit came despite the company posting a pre-tax loss of N52.5 billion, compared to a pre-tax profit of N70.3 billion in Q1 2024. The swing to net profitability was driven by a substantial income tax credit of N165.6 billion, which more than offset the loss before tax."


Could this be the reason Oando price dropped today?

Zagee:
A deliberate Tax credit for the upstream sector signed into law with the new tax bill

Just checked and saw that mine has entered. Enough money to pay for my lunch today.

DeRuggedProff:
Has anyone here received his NPFMCRFBK dividend?

Looks like First Bank will be the Last Bank to respond to the CBN circular. I am surprised Ote$ doesn't care about the price of his stock.

There is a saying in.my language which says "When the sun comes out you cannot cover it with you hands." I believe the Dangote Refinery fits this saying well.

https://www.reuters.com/business/energy/nigeria-export-first-gasoline-cargo-asia-dangote-refinery-source-says-2025-06-18/

Zenith has responded.............................. ........

Sure. See below.


By the way when did this fourty character for comment start? I was unable to respond to a post yesterday.

SonofElElyonRet:
Couldn't open this. Can you screenshot and post?
................................. .

Doesn't the PIA mandate the IOCs to sell first to local refiners? When will that come into effect?

ghm:
IOCs have scheduled use for their crude. Most of them have refining interests across the globe and need the crude to service them. They also have a long standing customers and contracts.

That is not to talk about selling the refined products, Dangote retail programme is monstrous and a killer, NIgerians will be better for it though.

The circle contnues, the era of sitting back is almost over in business, you've got to be dynamic and innovative.

CBN trying to backtrack after the damage is done.

You people have infinite faith in Oando. So far I see no reason to believe anything they say they will do.

mikeapollo:
Yes, each tranche has a definite qualifying date. Feb 14, 2025 (tranche 1) and Jun 30, 2025 (tranche 2).
An exercise like this must always have a qualifying date because of the closure of register of members for the eventual redistribution/sharing of the units.
Once you had qualified, you may even decide to sell your shares but you will still get your bonus units whenever the actual distribution is done at a later date, similar to how bonuses are executed and implemented.

No wonder, the oil marketers are panicking, holding meetings, and painting all sorts of doomsday scenarios if Dangote is allowed to set up his fuel distribution system.


[quote author=KarlTom post=135785727]Dangote makes scale look like child’s play; Man just dropped $250 million on 4,000 CNG trucks like he was shopping for snacks. To put it in perspective, the combined fleet of Nigeria’s top seven downstream players doesn’t even come close. The guy’s playing chess, major moves.

@otunbadeltoro, X

BREAKING: Dangote’s 4,000 CNG trucks arrive in Nigeria as company plans 100 refueling stations pic.twitter.com/UBLeeNtlIH

— ireporteronline (@iReporteronline) June 17, 2025

]

If you are a Nigerian you will know that the banks will never take this laying down. Do you know what the major shareholders will lose if there is dividend payments?

kintus:
Market is dull today......Unlike what I was expecting.....No panic sales...Let us see how the day will end.[color=#006600][/color]

No wonder. They are probably doing their own MH.

Agbalowomeri:
They have an strong interest in GTCO.

Rencap shouldn't have mentioned such target date as 2028. It is very unprofessional. A lot can happen even in 6 months time.

nosa2:
https://nairametrics.com/2025/06/16/cbn-forbearance-new-rencap-report-names-banks-facing-dividend-suspension-till-2028/

Blood will flow

The Nigerian stock market is not important to the policy makers because only about 5% of the population are involved in it. Even those billionaires who made money in the market are being viewed with malicious envy. That is why the CBN is not bothered about making careless statements knowing full well that they can crush the market.

KarlTom:
I'm contemplating between buying today or waiting till tomorrow...

In all this 'confusion', I would have expected the CBN or/and the Banks to release a statement to clear the air but...

Is it possible also that some banks try to defend their share price by having their major shareholders mop up shares being dumped by panicked investors?

Mankind2024:
Early in the month of June 2025, I made a post on the allure of dividends. My opinion on the new directive that restricts the major banks from paying dividends by the CBN is tantamount to a dividend war, the sibling of a trade war. As a self-investor, I would not touch my holdings in the banks; rather, I would deploy opportunity funds and top up. I would advise fellow self-investors not to panic sell, as they may not successfully time the market. Time in the market beats timing the market. The banks have emerged stronger despite forfeiting their forex gains to the government of Nigeria. I believe the CBN has taken this no-dividend policy to fight inflation.

By the circular title:

"TEMPORARY SUSPENSION OF DIVIDEND PAYMENTS, BONUSES AND INVESTMENT IN FOREIGN SUBSIDIARIES"

the "IN FOREIGN SUBSIDIARIES" may also be interpreted to refer only to "INVESTMENT"

EDUECO:
Written by SpringnewsNG Media Limited – June 14, 2025

The Central Bank of Nigeria (CBN) has issued a directive instructing Nigerian banks operating under regulatory forbearance to suspend all dividend and bonus payments to their foreign subsidiaries and offshore ventures

Note this: to their foreign subsidiaries and offshore ventures.

How? Alhaji is creating 4,000 new jobs for drivers.

SonofElElyonRet:
Petrol tanker drivers go lose their jobs / patronage?