₦airaland Forum

I think they must go on and implement the new rules. People, especially the FPI, will not take us seriously if do this kind of flip-floping. No organization will be taken seriously if it talked of working on a policy for two years, finally say they approved it and gave an implementation date, and then suspend the implementation few days to the date.

There is no time you can implement such key regulatory change that will be 100% convenient to all.

yMcy56:
Meanwhile, with current situation of things in the market, it will be better if SEC can suspend the new Rule or device better ways of handling it in order not to erode people's profits.

This type of Rule is better implemented when there's stability in the market...

The 100k rule has its advantages in downtime periods like this....
It's sustaining the large and medium Caps.

My 50 cent advice to the regulators....🤔

Nigeria’s tax uncertainty now biggest concern for foreign investors

https://businessday.ng/news/article/nigerias-tax-uncertainty-now-biggest-concern-for-foreign-investors/

Hope Oyedele will listen.

I heard one NGX official say that the date is tentative. Anyone heard more on this please?

deathwing:
That new pricing methodology is going to hit like crack on Monday.

Investors worry as Geregu Power defaults on bond payments

https://nairametrics.com/2026/08/09/investors-worry-as-geregu-power-defaults-on-bond-payments/

An inexperienced investor with free money bought out a smart experienced one just before the company defaults.

Look for Oga Bagwa.

mikeapollo:
Please who knows the Oando ''big news'' that Agba said was coming

Only 12 stocks will be affected by new NGX price movement rule. Seven stocks at or above N1k, and 5 stocks at or above N500, but less than N1k.

Stocks => N1k: Seplat, Airtel, Nestle, Presco, Aradel, Okomu, Dangcem

Stocks <N1k, >=N500 : Buafoods, MTN, Geregu, Total, Betaglass.

You want make dem sell your house?

mikeapollo:
This tax thing is simple na.
At the end of the year, those who want to pay the tax will collect a form, fill it, and go pay their CGT money to the govt. Simple.

Let anybody come and ask me for anything. and see whether they would get sishi from me.

Kind of thinking to exit any stock 1k and above and await the reaction.

yMcy56:
Lol.. Abeg, let the Bull come o. 😁
At least billionaire retailers like you can also have chance to influence the likes of Nestle, ARADEL and AIRTEL...

That SEPLAT is still way too expensive, but let's see how liquid it can become..

No I did not say we should ignore risks. I did say that international businesses consider such risks. I am sure in the case of the Kenyan refinery the risks were considered. You may recall that there was a contest for the refinery between Kenya and Tanzania. Eventually Dangote chose Kenya. Definitely such risks must have been part of the consideration. Just trying to ease your fears.

mikeapollo:
If risks are everywhere, does that mean one should dismiss, ignore and never be concerned about such risks?
A risk can only be dealt with when its existence is acknowledged and steps are taken to address it.
I only prayed and wished that nothing untoward happens to the refinery

I don't get your drift. Do you prefer nobody talks about such risks at all?

I believe we are not trying to choose between Lagos and Lamu. There is already a refinery in Lagos. The pount is Lagos is not any safer from terrorism. With advancement in drone technology no point on earth is safe. See how Ukraine is attacking Russian refineries, or how Iranian drones hit Israel? After these two wars do you think terrorists will not have access to such drones?

lionshare:
How about this: the proposed refinery is expected to be located near Lamu in a region with a history of multiple terrorist attacks, while Dangote's refinery is in Ibeju-Lekki, which has virtually no history of insurgency—not even within a 100 km radius.

Nigeria is also susceptible to terrorist groups from the Middle East and North Africa. Didn't the Americans kill an ISIS commander in Sambisa? Risks are everywhere and most international companies take this into account before they embark on a venture.

mikeapollo:
You may have a look at the atrocities committed by Al-Shabab in Kenya.
And the geographical proximity of Kenya to terrorist-prone countries like Sudan, Somalia, and the Indian ocean etc. should give you better clarity on my concerns/fears.

Below is AI response to my eqnuiry:

Al-Shabaab views Kenya as a primary target due to Kenya's military involvement in Somalia. The group frequently conducts cross-border raids, ambushes, and improvised explosive device (IED) attacks, heavily concentrating its activities in Kenya's northeastern and coastal border regions like Mandera, Garissa, and Lamu counties

Well, Kenya is a country while Lagos is a city. The comparison should be between Kenya and Nigeria as countries. We can then compare the number of terrorist related incidences and death.

mikeapollo:
I don't want to compare Kenya and Lagos in terms of terrorist attacks.
But I know terror groups like Al-Shabbab have carried out deadly terror attacks in places like Mombasa and Nairobi in the past.
I just pray nothing like such happens to the refinery.

If you doubt, you may search in google and see.

There are terrorists in Nigeria, have they attacked the Lagos refinery? For all I know the Lagos refinery was terrorized more by the government, the oil sector unions and the importers. There may be similar challenges in East Africa, but hopely to a lesser degree.

mikeapollo:
I just hope and pray that the Kenya refinery will not be a target of terrorist attacks. That is my only fear

Though, unlike the Lagos refinery the East African one will have significant shareholding by the Kenyan, Tanzanian and Ugandan governments. Eventually the arrangement they agreed with DIL will come out.

ayobama1:
Most likely another standalone subsidiary of Dangote Industries Limited.

Dangote’s Sh2.2 trillion Lamu oil refinery to break ground before end of 2026


https://www.the-star.co.ke/news/2026-08-05-dangotes-sh22tn-lamu-refinery-to-break-ground-in-2026

Alhaji has gone beyond Nigeria oo.

Dangote Refinery IPO now set for October.

https://punchng.com/dangote-eyes-5bn-ipo-to-finance-refinery-expansion/

He doesn't need NGX money.

Streetinvestor2:
I expect announcement from wale .That is anytime he decides to come explain the facts behind the results he released on ngx floor.He needs it as he will be raising funds in the future

That's why I put in JIJO bid at 33.10.

yMcy56:
Even touched 35....
I insist there's a game plan already ongoing.....
These guys can be unbelievable and the more we look, the less we see.....
Maybe there's the need to start mopping free floats....OR.....some proxies/institutions are codedly buying without raising suspicion.

If any of the Oga needs it @30, they'll find a way to move it down to the price and accumulate, thereafter, they'll come up with one or more positive news to move it.

It is even doing well. Many were afraid it will go on full offer.

toyeoye:
⚠️ OANDO slips to a fresh 52-week low... ₦35.50 (-3.01%)

As reported by JSE

https://www.moneyweb.co.za/mny_sens/oando-plc-summarised-unaudited-interim-consolidated-and-separate-financial-statements-for-the-3-months-ended-30-june-2026/

Looks like people are expecting too much from interim dividend. Look at how they are dumping MTN.

I agree.

chimex38:
It seems insurance sector spent much more to meet up with Stringent requirements associated with this capitalization process.

For example, probably those having outstanding claims or litigation on claims are forced to surrender and pay up.
Otherwise, they risk their licence.
Plus hiring of qualified Actuarian staff and other digital technology exposure requirements from NAICOM.

It must have significantly impacted their Q2 results.

Hopefully all good for the future.

VERITASKAP to the dogs 🐕 with H1 loss.

Could this be another Oando acquisition down the line?

GeneralDae:
Seplat Energy says it has signed an agreement with the Nigerian National Petroleum Company (NNPC) Limited to sell 10 percent stake in the assets held within the joint venture of NNPC Limited and Seplat Energy Producing Nigeria Unlimited (NNPCL/SEPNU) for $281 million.

Seplat disclosed the details of the transaction in a filing on the Nigerian Exchange (NGX) on Thursday.

It is looking like August may repeat the bears of June.

Oasisblue:
NGX is a strange space.

UACN produced outstanding results but the market responded negatively with the stock price dropping.

Actually even the reducted (shaded) txt can now be read with some software.

KarlTom:
Mr Osita?

You are no longer anonymous with your MCSE account number in plain view...

Leadway has been around for more than 60 years. Since they have not listed all this time it must be a strong policy of their's to remain private.

mikeapollo:
Wow! Those guys just avoided the noise of NGX.
I understand they are probably in the top 2 best-run, richest insurance companies in the country

You sound like a South African.

mikeapollo:
I just hope Nigerian local investors are not short-changed by this idea of opening the IPO to other African countries and foreigners

PP is usually done at a discount. That is why people hassle to get in then.

mikeapollo:
Of course. Dangote does not talk anyhow. He is mindful of integrity.
My concern is the price. I don't think it should Be more than N500, going by the $0.35 price for the PP

Africa’s biggest IPO draws closer as Dangote Refinery files with SEC

https://businessday.ng/news/article/africas-biggest-ipo-draws-closer-as-dangote-refinery-files-with-sec/

Looks like this IPO is going to happen.

Oando is not dead oo. It's like a Ponzi Scheme. The money is there but you will never see it.

Jaakay:
Just speaking to the dead to wakeup