₦airaland Forum

HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Streetinvestor2:
Walahi wale is nothing but a fraud. It flows in thr blood lineage. Even with all the price of crude above #100 dollars. It looks nothing good can ever come from this fmly

@faoogoke

SonofElElyonRet:
O su mi. Chuka did us dirty

Kpakus has returned to profit so as to wipe your tears

register with the stock market buy the shares of Ellah Lake by six months time thank me later

story for the gods

Meerahbel:
Reasons for the extension of the offer period by 2 weeks.

1. To allow time for local retail/ordinary investors like you and I to sort out identity, BVN, NIN, KYC and documentation issues that were observed to be common during the initial period.

2. ⁠To pave way to firm up Global Depository arrangements, which is a mechanism that allows foreigners from outside Nigeria and Nigerians in diaspora to invest in the IPO. Note that the prospectus establishes a 30% over-allotment limit above the base offering of 4.1 billion shares to manage immense retail and institutional demand. Even with the 30% limit, the basis of allotment will rely heavily on a pro-rata scaling system that ensures small retail applications are favored or filled completely before larger institutional bids are scaled down.

The oversubscription absorption provision allows the Refinery to directly issue up to 1.23 billion additional shares to investors if the primary order book IPO of 4.1 billion shares is heavily oversubscribed. The additional ₦645.75 billion raised goes directly to the Refinery's balance sheet to help fund its Phase II capacity expansion to 1.4 million barrels per day. Hope this helps, warmest regards.

no be only you waka come OOOOOO

Payunsin:
I saw NDIF IPO at N113.54 n just curious whether it's the same one trading at N162 on ngx. I even get mixed reaction to it cos I w don't want the shares to be diluted, I enjoyed the somewhat coded fantastic quarterly dividend.

If so then why the extension

SonofElElyonRet:
Dangote refinery IPO has so far raised x 4 of target amount
@Oasisblue

i have eating so much from these people since 2022 so much that i dont want to believe that they are minting money

oyi2:
NIDF: The Chapel Hill Denham Nigeria Infrastructure Debt Fund (“NIDF” or the “Fund”) today announced a distribution of 4.53 Naira per Unit for the third quarter ended 30 September 2026.

This is the thirty-eighth (38th) consecutive distribution to be made by the Fund.

The details of the distribution are shown below:

Qualification Date: October 21, 2026
Payment Date: October 29, 2026

How to turn hungry Nigerian to gamblers making them loose more money

learn to take the good with the bad

millo:
I respect this forum a lot and regularly look here to know what is going on (am in diaspora). I often read current posts for information before placing my trades so I do not get blind-sighted by current events that I am not aware of. The forum has been very helpful.
These days, however, I have to sift through lots of posts to see things that are relevant. A lot of the post are about politics. I know politics is always a hot topic, but I wish it is kept to the minimum. in fact it is ok to talk politics as it will affect our portfolio in the near-term. Arguing over politics should best be done on a dedicated forum. Don't get me wrong, I have lots of opinion of my own on politics, but there is no emotion in stock-trading.

without a stockbroker will later cause a huge problem latter

ManirBK:
Good move for financial inclusion. Moniepoint agents are everywhere – even in villages. Now the average Nigerian can buy Dangote Refinery shares without going through a stockbroker.

Minimum is ₦5,250 (10 shares at ₦525 each). That's affordable for many.

But let's be honest:

- An IPO is not free money

· Shares can go up or down
· The refinery is a long-term play

If you have the money and you understand the risk, go ahead. But don't borrow to buy shares because "Dangote" is in the name.

Read the prospectus. Ask questions. Invest wisely.

Who else is buying?

Ella lakes is making profit but they are hidding the profit so that some people will scoop huge amount before they will let it fly

WhizdomXX:
Learned seniors please I have a question oo, why is ellahlakes, even though small, not following in the path of Presco and Okomu
Agbalowomeri, chimex38, bullbearmkt.

with workers the company turning avacap to a dump site. Is it a good buy

yMcy56:
AVACAP
Attached is the table upon opening of the market.....
Let's see how that joyless dumper will come from behind curtains to dump again today...
Let's see what his target is..

Dangote refinery has refuse to release their balance sheet

TEYA:
Have you ever read the financial statement of a company? It contains information that will guide you on which stock is safe to buy and which is not. Most people buy shares based on hype which is wrong. Do what Warren Buffet does, read, read, read. Financial statements are bulky but you must read them thoroughly if at all you are serious about investing in stocks.

those clowns managing ellah lakes have seen the future prospects

presiade:
Where is your source?

Haunty Mercy Ellah Lake has becoming profitable is March yet they kept the price low for their cronis gangs and members to acquire 80% of the stock

yMcy56:
So investors funds are not protected?
Dey play Sir..
If NGX falls for 5 consecutive days non-stop with all stocks shedding -10%, then you'll know SEC and others have the duties to protect people's funds and instill confidence in the market.

COVID time was due to worldwide pandemic, it was abnormal period......and as soon as there was green light, the MMs and stakeholders swung into action (even before the 🍏 light, they were working in the background)....
That was why many investors started having confidence to be buying back again.
* The rate at which stocks were sold at any available price and funds exited could have crashed the whole market if the regulators had not done anything about it that time.

NGX is international market, there's the need to continuously protect it's image.

APC are coming to catch all of these people

see this Ella lakes people are on this platform reading all i have said they still crashing the price futher for some cabals to acquire huge units before allowing it to fly

SonofElElyonRet:
What's the source of it's profitability news please

Ellah lake is now profitable and they should allow the stock to fly the post about lost should stop and let the investors breath. Please house how can we contact sec on this

Stockpromoter:
Loco can't near Ellah until they vomit wetin they swallow

since you did not add ellah lakes to the list i will say you are right

@all Ella Lake AKA Kpakus has returned to profiatablity yet they are hidding it from the investing public so that all their family members and side chicks will load heavily before the public

essentialone:
7 STOCKS TO AVOID PRESENTLY ARE:


1. Austin Laz Plc
2. CMFC Plc
3. FTN Cocoa Plc
4. Infinity Trust Mortgage Bank Plc
5. Juli Plc
6. Prestige Insurance Plc
7. UPDC Plc

…OPay’s Growth Sharpens Questions Over Access Capital Allocation as Valuation Lags

Access Holdings Plc’s expansion across Africa and beyond is facing question marks from investors as the lender’s asset growth and cross-border ambitions have yet to translate into a valuation comparable with faster-growing digital-finance rivals such as OPay Ltd.

Access Bank Chief Executive Officer Roosevelt Ogbonna said in July 2024 that the group had invested about $1.2 billion in its African and international banking subsidiaries.

The spending was part of a broader strategy to build a continent-wide bank, with the lender targeting trade, payments and corporate-banking flows across African markets and beyond.

Access rapid push abroad, led to the snapping up of assets from Standard Chartered Plc, Atlas Mara Ltd., and KCB Group Plc, among others, to counter naira weakness and non-performing loans.

The question now is whether the investment has spread Access too thin just as fintechs have intensified their hold on Nigeria’s mass-market payments, transfers, merchant acquisition and consumer-finance businesses.

“We are chasing the money,” Ogbonna said during Access Holdings’ rights-issue presentation at the Nigerian Exchange in 2024, describing southern and eastern Africa as more profitable banking markets than parts of West Africa.

He said Access had shifted from an investment phase into a period of consolidation after years of acquisitions, expansion and technology spending.

Scale vs. Market Value

Access remains Nigeria’s largest bank by assets, but the market is placing a far lower value on the group than on OPay’s prospective $4 billion IPO valuation.

At ₦1.46 trillion, Access’s market capitalization is roughly one-quarter of OPay’s proposed valuation.

That disparity does not make the two businesses directly comparable. Banks carry far larger balance sheets, tighter regulation, credit risk and capital requirements, while fintech valuations are often driven by growth expectations, customer acquisition and payment volumes.

Still, the contrast reinforces investor concern that Access’s rapid asset expansion has not yet produced sufficiently strong returns on shareholder capital. Moreover OPAY is just 8 years old in Nigeria and its growth has coincided with the period that Access went chasing the elusive Golden goose overseas.

OPay’s Growth Spurt

OPay reported 2025 revenue of $536.25 million, up 161% from a year earlier, and net income of $72.47 million (₦101.45 billion) compared with a $50.98 million loss in 2024, according to the latest figures seen by MoneyCentral ahead of its IPO. Opay’s 2025 profit was larger than that of Sterling Bank which reported Profit after tax of ₦76.3 billion in 2025.

Gross transaction value rose 115% to $358 billion, lending increased 285% to $938.3 million, and monthly active users grew 57% to 39.3 million.

The numbers highlight how fintech platforms are monetizing the retail market through high-frequency transactions, merchant payments, wallet balances, credit and digital distribution.

For Access, which acquired Diamond Bank in 2019 in a transaction that significantly expanded its Nigerian retail footprint, OPay’s scale raises questions about whether the group is extracting enough value from its domestic customer base.

Access has argued that its strategy is not centered only on Nigeria. Ogbonna said the lender had built a presence in 15 African countries, alongside operations in the UK, France and the UAE, and was pursuing a globally connected African banking platform. He said the bank had about 60 million customers, making it one of Africa’s largest retail banking franchises by customer count.

Access Returns Under Pressure

Access Holdings reported full-year 2025 profit after tax of ₦743 billion, a 15.6% increase from ₦642 billion a year earlier. Interest income rose 5.4% to ₦3.27 trillion, while net fee income gained 40.9% to ₦585 billion.

The headline profit growth masked balance-sheet pressure. Loan impairment charges increased 209% to ₦287.3 billion, while impairment on other financial assets climbed 463% to ₦258.8 billion. Total comprehensive income fell to ₦459 billion from ₦1.01 trillion, weighed down by a ₦272 billion foreign-currency translation loss and a ₦137 billion fair-value loss on debt securities.

Access’s 0.37-times book-value valuation is the clearest market signal of investor caution. Such a discount can reflect concern about future earnings quality, rising credit costs, capital demands, exposure to foreign-currency volatility and uncertainty over whether overseas expansion will deliver returns above the group’s cost of equity.

Capital Allocation Debate

Aigboje Aig-Imoukhuede, Access Holdings’ chairman, told investors during the 2024 rights-issue event that companies eventually need to consolidate and “sweat the assets” they have built. That challenge has become more urgent as the group balances regulatory capital needs with shareholder demands for better returns.

Access’s expansion has increased its geographic reach, diversification and potential access to higher-growth African markets. But it has also required substantial capital, added regulatory complexity and exposed the group to currency translation effects, varying credit cycles and execution risks across multiple jurisdictions.

It has also led to delays in filing quarterly financial results leading to the inability of investors to get a timely snapshot of its operations and leading to a sense of opacity and lack of clarity about its earnings outlook.

The central issue is not whether Access should have built an African or international platform, as its cross-border franchise provides strategic value in trade finance, remittances, corporate banking and regional payments.

The issue is whether the group can now convert scale into stronger returns on assets and equity, while defending Nigeria’s retail-banking franchise against digitally native competitors.

Opay as the New Bride as old Banking Assumptions Fall Apart

Opay has become the new banking bride as investors including established banks seek a piece of the fast growing fintech ahead of its IPO.

Standard Bank Group Ltd., Africa’s largest lender by assets and parent company of Stanbic IBTC Holdings Plc, is in early-stage negotiations to acquire a equity stake in Nigeria-focused digital payments platform OPay Digital Services Ltd.

The strategic transaction comes as OPay prepares for a New York initial public offering (IPO) that could value the fintech firm at $4.0 billion—double the $2.0 billion valuation achieved during its Series C funding round in 2021.

OPay has retained Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. as lead underwriters for the planned US listing.

Nigerian lenders like Access Bank and Guaranty Trust Holding Company (GTCO) pushed to transform into a Holding Company (HoldCo) model thinking that growth will come from varied non-bank subsidiaries such as Pensions, Asset management and Payments.

So far the lesson has however been that core retail banking and using technology to crack consumer lending like the fintech’s (Opay, Moniepoint) have done has been far more of a growth driver.

What Investors Will Watch

The next phase for Access is less about acquiring new assets and more about proving it can extract higher returns from the ones it already controls. OPay’s rapid move from loss to profitability shows the value investors place on scalable retail payments and digital distribution.

For Access, the challenge is to turn its larger customer base, banking license, deposit franchise and regional network into a similarly compelling shareholder proposition.

this stock has been paying me alot of money

essentialone:
The unusual 9.55% price drop in the Nigeria Infrastructure Debt Fund (NIDF) today is primarily driven by institutional profit-taking following its recent climb to historical all-time highs and its recently published H1 2026 financial report.

Before today's drop, NIDF was on an incredibly aggressive run, touching a 52-week peak of ₦179.60 on August 4, 2026. Because NIDF is a specialized, lower-liquidity asset compared to major banking equities, large-scale adjustments by institutional portfolio managers can trigger sharp, sudden daily price adjustments.

NIDF has been one of the quietest top-performing income assets on the exchange, gaining over 42% year-to-date from its 2026 opening handle of ₦115.00. Having peaked last week at nearly ₦180.00, institutional funds (like pension fund administrators) who accumulated the asset at lower prices are harvesting capital gains, creating a sudden imbalance in daily sell orders.

The fund manager, Chapel Hill Denham, recently published the fund's half-year interim report. While the fund demonstrated structural resilience, the underlying numbers revealed a modest contraction:

Pre-tax profit for the six months ended June 30, 2026, slipped by 9.8% to ₦10.63 billion (down from ₦11.79 billion in H1 2025).

Total gross income declined by 8.08% to ₦11.80 billion. Management explicitly attributed this to lower benchmark yields on infrastructure loans and adverse internal fair value movements.

NIDF operates as a strict public-private income vehicle, prioritizing regular cash distributions rather than explosive capital gains. The fund recently went ex-dividend on July 19, 2026, distributing ₦4.40 per unit to eligible investors. After a dividend distribution cycle finishes, income-focused "dividend hunters" frequently liquidate portions of their holdings, causing the price to naturally deflate on the open market.

Despite today’s sharp move, NIDF’s macro-bullish architecture remains entirely healthy. On the technical layout, the fund is moving down to test its immediate major structural moving average and demand zone:

Because the fund retains a robust balance sheet with over ₦45.77 billion in cash reserves, and a highly diversified portfolio yield of 18.23%, this 9.55% drop should be viewed as a standard tactical correction rather than a structural failure.

NIDF does not trade with high daily volumes like tier-1 commercial banks. When trading or accumulating units, avoid placing large "market orders" that can force significant slippage. Instead, use limit orders to capture entry prices near key support.

how did they earn such money to pay such

megawealth01:
VFD Dividend payment just landed confirm

where were they kept and feeding them

clown. What is the function of the government.
Any way Iran has agreed to stop sponsoring all forms of terrorism in africa so BH is coming to an end that is why american troops leaves nigeria

Dear Investor,



Chapel Hill Denham is pleased to announce that the Chapel Hill Denham Nigeria Real Estate Investment Trust (“NREIT” or “Fund”) Series 6 Issuance of up to N30.4 billion (‘The Offer”) under the N400 billion Shelf Programme is NOW OPEN



In line with its strategy, NREIT presents a differentiated investment opportunity to invest in Naira and earn periodic distributions in the currency in which income is earned. The Fund is a SEC authorized and registered Shariah compliant real estate investment trust that acquires high quality A-grade, income producing commercial real estate assets in Nigeria across the office, industrial, corporate residential, and other specialty asset sub-sectors to deliver attractive risk-adjusted real estate returns to investors, including a quarterly cash distribution.



The proceeds from the Series 6 Offer will be used to acquire target assets in its pipeline that generate foreign currency rental income. Tenants in the target portfolios are blue chip corporate and international tenants that pay rentals in US Dollars, and NREIT distributes dividends to investors in the currency in which income is earned. The Fund’s return profile is characterized by regular income, income growth, capital growth and the impact of multiple capital raises to create scale and portfolio diversification, supporting the robustness of the quarterly distributions proposed by the Fund.



Furthermore, the Fund has recently received investment committee approval for its Q2 2026 dividend payment and is awaiting SEC approval before making the distribution. This will be the 22nd consecutive quarterly distribution made by the Fund since it launched.



Please see below the summary of the indicative terms of the Offer:



Issuer

Nigeria Real Estate Investment Trust

Fund Manager

Chapel Hill Denham Management

Programme Size N400 billion

Series 6

Offer Size Up to N30.4 billion

Offer Price N105.00 per unit

Offer Units 289,630,000 units

Offer Open Date July 9, 2026

Offer Close Date August 7, 2026

Minimum Subscription 10,000 units (N1,050,000)

Fund Manager Rating AA- (IM) rating by Agusto & Co.

Structure Authorized and registered in Nigeria as a Real Estate Investment Trust

Close-ended Unit Trust regulated by the Securities & Exchange Commission

Compliant with PENCOM Investment Guidelines and SEC Rules on REITs

Shariah Compliant

Distributions

Quarterly Distributions to be paid in the currency in which rentals are earned

Listing

The Nigerian Exchange Limited (NGX)



For more information, please refer to the documents listed below, which can be accessed through the ​Folder icon NREIT 6 Offer link for your appraisal of the Offer:



NREIT Series 6 Supplementary Prospectus
NREIT Series 6 Trust Deed
Fund Manager Rating Report
NREIT Investor Presentation


NREIT is a differentiated investment product that is managed in line with global best practices by Chapel Hill Denham, with the following factors underpinning the NREIT investment case:



Experienced Fund Manager with a domestic and international track record
Track of paying US Dollar distributions
Focus on commercial sectors with higher credit quality corporate tenants
US$ and/or US$-linked cash flows
Distribution of over 90% of net income quarterly
Income and capital growth through inflation-linked escalations
No conflicts of interest
An attractive current market entry point for new entrants with no legacy issues
Strong and transparent governance: independent Trustee, Custodian, and property valuers
Management fee based on the market value of the Fund (not on accounting NAV)
Alignment of the interest of the Fund Manager with investors


Please do not hesitate to contact the undersigned, or any of our colleagues in our Lagos and Abuja office, should you require clarification or further information.



Debbie Irabor

Abaka Alaku

Gladys Anthony

dirabor@chapelhilldenham.com

aalaku@chapelhilldenham.com

ganthony@chapelhilldenham.com

+234 802 290 5931

+234 802 243 6457

+234 911 389 3877







Yetunde Aturamu

Adaobi Francis-Amanzere

Florence Ogbechie

yaturamu@chapelhilldenham.com

afrancis-amanzere@chapelhilldenham.com

fogbechie@chapelhilldenham.com

+234 911 389 3901

+234 912 039 9244

+234 911 3893876



Kind Regards

Goodmarlian:
And that is why you will probably remain lonely for the rest of your life,since you want to be busy all your life.

I'm one of those people who hate unnecessary phone calls and texts... Even my family members know that whenever they see my phone calls and texts, it's something imperative.

Thankfully, my wife has a very demanding job and doesn't need to be calling or texting me every minute throughout the day... His constant calls and texts would've suffocated me.

So my advice would be that you limit the calls and texts, get a life outside of your relationship and stop being overly available, make her miss you.

the problem I have with her is that she barely picks my calls or reply chats don't get me wrong we talk so very well offline we can gist for long and all that but we are no longer together forget it she will never reply my chats or calls
I and she see all this as waste of precious time for people like us are always busy with our brain and not phone
guy you are the problem not the girl.

During the arrest and execution of the Bench Warrants, several rounds of live ammunition cartridges for double-barrel and pump-action firearms were said to have been found in the possession of the suspects, along with some rare minerals, for which they were unable to give any lawful account of their possession. Other exhibits found in their possession include several statements of different bank accounts and electronic gadgets, which are now being subjected to forensic analysis by investigators. WHY ALWAYS THIS LIES

even it is a lie at least it is a positive move

is this a threat to keep quiet why the country goes to dogs?
should i start postiing the rubbish south west did against jonathan and his wife?
yet nobody threatening anybody with DSS,SSS, Army, Navy, Police, Boys scout, Man O war and Amotekun.
I pity Nigerians with all these unending problems

olaremint:
Street investor, your comments in this forum are being collated, if you think sowore is the only one that DSS will take care of , think again. Your disposition to violent revolution is getting the attention it deserves.
You won’t see it coming

can you or will stop telling lies at least for once

they sent it to me via mail

faoogoke:
Bro im into this. Is dividend happening?
Please update.