₦airaland Forum

hopeful95:
Adapting your service offering and strategy to the the reality of markets is very important for any business to prosper.

The growth of major homegrown players has disrupted their big mall strategy.

Any chance any of the big players list on the NGX anytime soon?

https://www.thecable.ng/shoprite-to-reopen-with-standalone-neighbourhood-stores/

mismanaged, financially irresponsible , top heavy , debt ridden, staff issues etc , they are lost , at sea , wont be surprised if they can only use the shoprite name for a period as allowed by the original owners that left

the market has adjusted and moved on , same spaces they left were taking by other local players and a few new entrants . Don’t see them coming back , sad

AngelicBeing:
This is one of the reasons amongst many reasons that inflation & the cost of living will likely continue to go up astronomically in Nigeria.
200/250 kva generator plus 300 kva transformer to power a business, the end users will be the ones to feel the pain because I can't buy all you mentioned above and not make profit in the business ooooooo.

We provide power, water, private security, buy poles to connect to phcn , then what is the use of the Federal government if l have to provide everything for myself

That’s how we roll in nija, normal stuff , if there is any business you want to do that cannot absorb all of this cost and still give you a profit , don’t do it

rotecch77:
Thanks baba
But when I say All it means with cable, installation, documentation, cost of labour etc
Don’t forget this is Lagos sir
Thanks once again

But that your Ibadan project is consuming a lot oo just as this

We bless God alone for provision , have a 220 and 275kva generator there , 300kva transformer , lift , additional basment parking . We will open this December God willing

rotecch77:
Haaa a lot of” kudi” don go oo

Only energy for the whole place range from 200kva transformer, 3phase meter, 2 new Cummins generator of 200 and 150kva. And solar of 30kva covered about N250m

These provides electricity for these areas
-Royal Hall building
- funfare building
- Eatery building ( buffet area, gym, spa, office section) 3 floors building
-And others separate utilities buildings

Max I will say around 150 to 165m

But Kudos to anyone doing projects , not easy

Adedward:
CDK TILES IS THE BEST SIR, MAKE UR RESEARCH ONLINE, WE HAD SUPPLIER HERE TOO, HE SUPPLIED MY CLIENTS RECENTLY, THANKS

Based on what ? I think it depends on intended use , besides a lot of tiles are available apart from local , Spanish , Italian , Chinese , Turkish

If you say it’s the best out of locally manufactured, might agree , debatable

I have used cdk for commercial projects before , but now prefer the granite type tiles of royal for high traffic areas , more durable . For residential cdk might be better

RodgersAkpafu:
A typical dudu person is very short sighted and that is why we lag behind in everything

What you said is valid, but I think the bigger picture is, that Nigerians want to just buy things for cheap without thinking of how it will affect his future in this country.
The same mentality that made us squander our oil windfall

The igbo businessmen can always pivot, they will be fine, I ain't worried bout us; what i an worried about is the ramifications of the chinese folks controlling the entire supply chain of goods Nigerians are alresdy hooked on, and the level of selling out the govt has done that emboldened them to get into pur retail space in the first place.

These are bigger questions

The average African is very ignorant of how the world works from a commerce , economics and developmental point of view , they think free market economy that everyone mouths , has no restrictions , when the inventors and propagators are themselves introducing restrictions in there own backyards , , what are the Asians , Arabs even South Americans doing to catch up with the west? , generally we don’t know what time it is , we have been left behind , reason we are are the bottom of the food chain

thebargainhunte:
Then, it is not right for a country where unemployment is very high, high interest rate, and high population. Some countries before you could run that kind of business, you have to partner with it's citizen.

You seem to understand more than most , even china mandated foreigners, Americans , Europeans , Japanese etc to Partner there citizen in joint ventures , part of the reasons they caught up fast over the last 4 decades as they opened up the country , heavy industry , automobiles , power ,machineries , everything , only relaxed this rule a few years back , the average African is ignorant of many things , the Arabs of the gulf states does similar

I have no support for exploitative pricing , most of the traders were complacent anyway and had it too easy , they will have to sit up and compete and reduce there bloated margins , it is what it is

Btw mainly in manufacturing and I have been doing business with the Chinese for over 25 years , there is a lot to admire and learn from them

megawealth01:
As seen on the internet

You be senior man , I know you dey catch cruise but you are beginning to overdo this as seen on the Internet thing , Biko . I come with good intentions

megawealth01:
This will shock you… some of you might even rethink Dangote Refinery IPO after this post.

Please fact check me… no emotions… only facts!

Dangote Cement was listed on the Nigerian Stock Exchange at ₦135 per share on 26 October 2010.

Dangote Cement is now trading at ₦1,034 today.

If you bought 1000 shares in 2010, you spent only ₦135,000 and your shares would be worth ₦1,034,000 today.

That’s a massive 666% PROFIT.

Jesusssss. Massive.

Oya wait…

In 2010, that 1,000 shares at ₦135,000 represented approximately $890.

Yes, that 135,000 Naira was actually $890.

After 16 years, your $890 investment yielded ₦1,034,000 which is $780.93 today.

While you are celebrating 666% profit in Naira, unknown to you, you have actually LOST THE ENTIRE VALUE of the capital you invested.

If you invested the same money in Apple on the same day Dangote Cement was listed, your N135,000 ($890) would be worth $25,917 today - minus dividends oh.

If you invested that money in Bitcoin on the same day Dangote Cement listed, your ₦135,000 would be worth $457 million today.

I want you to think deeply about this…

Out of excitement, Emeka invested ₦135,000 in Dangote cement on 26th October 2010. Today, 16 years later, that invested is worth less than $780.

But if Charles had invested the same amount in Bitcoin on the same day, he would be worth $457 MILLION DOLLARS today - That’s about ₦605.1 BILLION in Naira.

I’ve fed all the data about the overhyped Dangote Refinery IPO into my personal automated AI trading bot and I asked it to help me decide whether to invest in Dangote IPO, Bitcoin Spot or GOLD - omo, smart investors no Dey follow HYPE OH but data and real technology.

Remember, no emotions… only facts! Fact check me and let’s have an intelligent conversation. Can we bet some money on this - I want someone to put $1000 in Dangote Refinery and I’ll put the same amount in Gold or Bitcoin Spot and give it 3 years and see what happens. Anyone willing to take the challenge?

Lesson: To be a skilled and successful investor, you must remove emotions.

I tried my best to get into the Dangote Refinery Private Placement. I assembled friends and raised about some funds. But our efforts were blocked because it was not just a money thing , it was an inner caucus thing. Only 3% of 120 Billion shares will be listed to the public. Dangote controls almost 85%. And his friends control the rest and tens of millions of you will start fighting for 3%. I mark myself SAFE from the Dangote Refinery FOMO.

Let’s keep building. One day is One day.

Congratulations in advance to everyone participating. Do not be discouraged by this analysis. Go for it. I’m writing for a different audience - the diaspora audience who have access to more options. If you live in Nigeria with very limited investment options, this is a good opportunity for you.

© Charles Awuzie

Na wa

More like 2 steps forward and 3 step backwards , comparison to bit coin is far fetched but Devaluation is a real problem , naive folks will keep saying it does not matter and we don’t spend dollar or FC in Nigeria

mikeapollo:
Seems you have not read/heard about US global sanctions; how the US labels some countries/products as ''no go area'' for the rest of the world.....and EVERY country obeys without questions, including Nigeria.
Only very few countries e.g. Russia dare go against it.

US must be a god to you , it’s ok . I get your angle now

mikeapollo:
It is a ''big deal''. Govt should not buy unlawful, illegal or harmful products and sell to citizens.
Don't mix or confuse govt with the actions of some unscrupulous gangs or businessmen.

Mentioned sanctioned oil , who determines if it’s illegal or unlawful , that it is unlawful to Americans should not make it unlawful to the rest of the world . I rest my case

mikeapollo:
Why find excuses where no credibleexists?
So Nigeria now allows fuel importers to scout or look for ''sanctioned oil cargoes which trade at discounts'' to import into the country as standard products? Is that a sustainable and reliable way to source for critical products like petroleum? Only smugglers and shylock profiteers would do that, and such should not be allowed by govt. because it indirectly aids international piracy, bunkering, smuggling etc.
And again, it is criminal to import off-spec (dirty-fuel) into the country because of cheap price. Importation of petroleum is regulated and guided by health, environmental, quality and performance compliance requirements.

With the current crisis in the Middle East and price of crude oil globally, it is very unlikely for imported fuel of the right spec and quality to be cheaper than Dangote.

businesses and governments will buy from the cheapest sources available , it’s not a big deal , china and India buys some of this discounted oils , be it from Iran , Russia or wherever available , sanction is an American thing , not compulsory for everyone to bow to that narrative and not everyone is in agreement especially when there is significant gain to be made

lawani:
If you have a really large amount of capital you shouldn't expect more than five percent per annum and when you have huge capital is when you are a billionaire

Any investment guaranteeing you ten percent will not protect you from inflation. I am not saying it isn't possible but to guarantee you will be hard

And you think all PFIs investing in treasury bills way above 10% don’t know what they are doing , are you sure you know what you are talking about , won’t say I receive over 20% stress free money in FD with my very small change

gbadexy:
More power sir.

Thanks Gbadexy . We keep pushing

rmx:
1500sqm plus of slab coming up

How we roll

We have come thus far

Cement at almost 13k wholesale

tensazangetsu20:
My favorite time of the year is around the corner. Chiles Independence Day

Viva Chile

yMcy56:
Closed higher......N32.50!
+40kobo gain

Dropped to as low as 29.95 at one point

faoogoke:
Market no gree make I buy. Price just dey change. I want tire for market today o!

It is what it is , Been buying for 2 weeks , finally gave up today , can see it is above 31 now , was to buy 15/20m units in a cross deal on Thursday , could not agree on 45k differential , will wait for pull back or look for other opportunities or move funds to other assets

Lordcrixus:
House,
what is the current price of cement please?

Bought at 12300 , 300 bags . Lafarge or hbm now

nosa2:
The 100% from current price is a foregone conclusion. I'm still accumulating my next target; I suspect that will yield 7x from current price. Once I finish accumulating I will start promoting it here.

P.S I have bought 29% of what I plan/hope to buy.

Enjoy . Naira assets are still looking good

faoogoke:
Stockbubble wetin Accescorp price do you na?

Your numbers used to be reliable.

Market has closed and your numbers are still different from other. Just like yesterday

Access was up today again

faoogoke:
Accesscorp closed at N28 today. Really looking up.

Not 28

chimex38:
Cement
https://saharareporters.com/2026/08/18/cement-cheaper-kenya-tanzania-togo-nigerian-government-probes-price-manipulation-cement?




https://leadership.ng/fccpc-uncovers-possible-price-manipulation-in-cement-market/

Oligopoly , What were they expecting cartels to do ? they are just finding out , better late than never sha

truthbetold22:
I do not think you are painting a fair picture. Government securities over the last 10 years have paid 12-22% on average yearly. While it hasn’t exactly beat inflation, it has worked better than keeping your money idle. Saving in usd has its disadvantages too which include the fact that your local currency can also become stronger. A example is those who bought dollar at 1800 Naira believing it was going to 3,000 Naira. Dollar is currently 1364 and dropping today so what say you? Dollar backed investments can also ruin you. People loose on the us stock exchange daily. People take large financial hits on the foreign market that they never recover from too.

If you got substantial funds in treasury bills, you wouldn’t say you lost 100% of your value, that is an exaggeration. I have saved in treasury bills in the last 13 years and while i agree that it doesn’t always beat inflation, it also doesn’t loose 100% value that fast. You live in Naira, you earn in Naira, you spend in Naira. There will always be inflation, you just try to beat it.

Every investment has its perks and disadvantages. People have real estate they have been trying to sell for years with all the attendant issues of bad infrastructure and bad tenants and poor liquidity. But to each his own. Let’s create a balanced analysis.

People who have 500 million in treasury bills currently make 75 million a year which is more than enough to take care of even a large family. The issue with treasury bills is that you need to put in a large Amount of money to live off its dividends.

He has a point , but timing is everything. You must learn to read the times and be diversified across asset class

If you look at investment in foreign currency vs treasury or mm or fd during the period 2019 to 2023 fc was better due to devaluation and inflation , the reverse is the case from 2024 to date

It’s has been obvious over the last 2 /3 years naira assets will do better with all the reforms , so investment should be skewed more in naira ,things might change again later but always good to be diversified across all asset class, Money market , FD , treasury , stocks local and foreign, FC , real estate, crypto , whatever you are comfortable with and understand the risk , have no idea why people buy assets at the top and complain later when it crashes , I have dollar holdings mostly at 200 to 360 rate and i have fds running at 22/23 amongst other assets classes

4willer:
N59tn Stock Market Boom: Why Nigerians Are Not Feeling the Wealth

Sam Diala and Ogochukwu Onwaeze
August 10, 2026


August 10, (THEWILL) — Nigeria’s recent emergence as the world’s best-performing stock market in 2026 was received with mixed feelings. The rally was built on an exceptional performance recorded a year earlier when the Nigerian Exchange (NGX) ranked as the world’s second-best performing equity market after South Korea.

By the end of March 2026, the NGX All-Share Index had surged 38.88 percent to 201,668.42 points, crossing the 200,000-point mark for the first time. Investors created almost N30 trillion in wealth during the quarter as market capitalisation climbed to a then-record N129.45 trillion. So far, Nigeria’s capital market has added about N59.13 trillion in market value since the end of 2025, pushing the NGX to fresh highs.

As of Friday, August 7, the NGX equities market capitalisation stood at N158.513 trillion, while the All-Share Index closed at 245,573.60 points. Against the N99.38 trillion market capitalisation recorded at the end of 2025, the market has added roughly N59.13 trillion in value in just over seven months.

Nigeria has now outpaced South Korea, heightening expectations of a booming economy that will cascade through the lives of households and individuals.

But the opposite has been the outcome. The rally has already painted picture of a booming economy that would cascade through the lives of households and individuals. But the opposite has been the outcome as millions of Nigerians continue to struggle with poverty, rising food costs and expensive credit.

The dramatic increase in financial asset values has, therefore, not been matched by an equivalent improvement in household purchasing power. Recent developments underscore this reality. The World Bank’s April 2026 Nigeria Development Update estimates that 63 percent of Nigerians were living below the national monetary poverty line in 2025, up from 61 percent in 2024 and 56 percent in 2023.

At the same time, headline inflation stood at 15.91 percent in June, while food inflation remained higher at 17.52 percent, keeping pressure on household budgets despite the significant moderation in inflation from previous peaks.

The contrast raises a fundamental question: if financial assets are becoming substantially more valuable, why is that wealth not translating into a comparable improvement in living standards? Part of the answer lies in the difference between market value and fresh capital.

Industry experts explain that a rise in stock-market capitalisation does not mean that an equivalent amount of money has flowed into listed companies. When investors bid up the price of existing shares, the value of the entire company rises even though only a fraction of its shares may have changed hands at the new price. This distinction is particularly important in understanding the N59.13 trillion increase recorded by the equities market this year.

For a country battling a cost-of-living crisis, shrinking purchasing power and widespread poverty, the stock market is telling a remarkably different story. The Nigerian Exchange is booming. Investors have watched trillions of naira added to the value of quoted equities, with the market’s spectacular appreciation creating the impression of a country awash with new wealth.

Yet, outside the trading floors, brokerage houses and portfolios of shareholders, there is little evidence of a corresponding prosperity. The paradox is stark: the stock market is getting richer while the Nigerian household is getting poorer.

“That contradiction exposes one of the most misunderstood features of Nigeria’s economic recovery. A rising stock market is not necessarily the same thing as rising national wealth, rising household income or falling poverty. In an economy where ownership of financial assets is heavily concentrated, an equity-market boom can enrich investors without materially improving the living standards of the overwhelming majority,” said Mike Akannor, a financial analyst.

This is the uncomfortable question behind the N59 trillion market boom: where is the wealth going?

The conventional wisdom is that the stock market is the barometer of the economy. In a properly functioning economy, a buoyant equity market should reflect stronger corporate earnings, expanding businesses, rising investment, employment creation and confidence in the future. That is what obtains in advanced economies. But Nigeria’s present experience demands a qualification.

The stock market may be a barometer of investor expectations and corporate valuations without being a reliable barometer of the welfare of the average Nigerian, because investors invest for the future. When share prices rise, the immediate beneficiaries are shareholders. Companies whose market valuations increase become more valuable. Existing investors record capital gains, while those who sell at higher prices can crystallise those gains.

“But millions of Nigerians do not own meaningful quantities of quoted equities,” said David Andoni, Chief Executive Officer of HighCap Securities Limited. He explained further that “a market-capitalisation increase is not the same as money being distributed across households. It is, fundamentally, a revaluation of financial assets.”

This is why a N59 trillion increase in market value cannot be interpreted as N59 trillion suddenly entering Nigerians’ pockets.

Akannor further explained that much of the increase represents the higher valuation of shares already in existence. “If the market value of a company rises because investors are willing to pay more for its shares, the company does not automatically receive that increase as cash for distribution to citizens. The wealth is real for shareholders, but its distribution is anything but broad.”

Another explanation for the paradox is the ownership problem. Market experts say Nigeria’s stock market has another structural weakness: asset ownership is highly unequal. The Nigerian who is struggling to pay rent, school fees, transport fares and food bills is unlikely to have surplus income to deploy into equities. For many households, savings have become a luxury. When income is barely sufficient to survive, the household priority is not buying shares. It is buying food.

A professional investor with a substantial portfolio can see his net worth rise dramatically during a stock-market rally. A low-income worker facing higher food prices experiences none of that paper wealth. The two Nigerians live in the same economy but inhabit completely different economic realities.

The rally was driven by a combination of monetary easing, banking recapitalisation and improving macroeconomic conditions. A 50-basis-point reduction in the Monetary Policy Rate to 26.5 percent signalled that Nigeria’s interest rate tightening cycle had peaked, prompting investors to rotate from fixed-income securities into equities as Treasury bill and bond yields moderated.

The banking sector became the market’s biggest catalyst after 33 banks successfully met new capital requirements, collectively raising more than N4.65 trillion through rights issues, public offers and private placements. The recapitalisation exercise boosted liquidity and strengthened investor confidence in financial stocks, while expectations of stronger corporate earnings further supported demand.

Foreign portfolio investors also returned as exchange-rate stability improved and external reserves strengthened. Trading activity accelerated sharply, with monthly equity turnover more than doubling between January and March as participation broadened beyond blue-chip stocks into mid-cap and growth companies.

PenCom’s Q4 2025 industry report showed that N3.96 trillion of pension assets was invested in domestic equities as of December 31, 2025. That represented 15.37 percent of the N25.76 trillion Contributory Pension Scheme assets under management at the time. By 2026, pension assets and domestic equity exposure had increased further, underscoring the growing importance of institutional savings to the Nigerian capital market.

For pension contributors, stronger equity prices can be positive because rising share values can increase the value of retirement savings. But that benefit is different from an immediate improvement in disposable household income. A worker may have a larger pension balance on paper while simultaneously paying more for food, transport, electricity, housing and other necessities.


The booming market is yet to become a mass-market wealth-creation platform because most Nigerians are not participants. As NGX Managing Directo,r Jude Chiemeka, acknowledged, retail participation remains significantly low despite Nigeria’s population of more than 250 million. Until ordinary Nigerians own meaningful stakes in productive companies, a surge in market capitalisation will remain largely a story about asset prices rather than household prosperity.

An economist and former Chief Economic Adviser to former President Muhammadu Buhari, Doyin Salami, at the July 2026 Anchoria Investor Forum, where he participated in discussions on the changing structure of Nigeria’s capital market, highlighted the growing dominance of domestic investors, with domestic investors accounting for about 80 percent of participation.

The forum acknowledged that domestic institutional investors—pension funds, asset managers, insurance companies and other large investors—can dominate trading while millions of ordinary Nigerians remain outside the market. The fact that domestic investors now dominate the Nigerian market should not be confused with mass ownership of Nigerian equities.

The market can be overwhelmingly “domestic” while still being concentrated in the hands of institutions and relatively wealthy investors. The real test is not who is trading on the NGX, but how widely ownership of the country’s productive assets is distributed.

“You cannot benefit from an asset-price boom if you do not own the asset. A Nigerian who owns no shares does not become richer merely because the market capitalisation of listed companies has risen by trillions of naira,” said Andoni.

The rich and the invested are simply getting richer , applies to other asset class like land and properties also

megawealth01:
The day I will reveal my TRUE IDENTITY eh 😂

This man , no panic yourself

I know you bought most stocks at give away of 3 naira ages ago

You be multi millionaire $

Wetin remain again , No need to reveal nada , carry go with your enjoyment

Oasisblue:
November is close. We will see how much he is loved.

Was going to reply same , lets wait and see the results of the mid term elections

SonofElElyonRet:
Re: Bolded
Kindly enlighten me

Fixed deposits , less 10% wht

Testimonies777:
I sincerely hope so!!!. I learnt when I just came into NGX to study the market pulse with GTB. In the last two weeks, I have seen heavy selling/great offers compared to bids in GTB. PROBABILITIES: 1. Is it JANET? 2. Are serious and heavy investors selling to buy Dangote refinery? 3. Is it the effect of FOREIGN FUND PREFERENCE OF DEBT OVER EQUITY? *The Bigger Picture : Debt Over Equity
If you look at the total $10.37 billion in foreign capital imported into Nigeria in Q1 2026, the preference for fixed income over equities is massive. The high-yield environment created by the CBN's elevated Monetary Policy Rate dictates their strategy.Out of the $9.86 billion classed specifically as Foreign Portfolio Investment in Q1:Money Market Instruments: $6.50 billion Bonds: $3.23 billion Equities/Shares: $75.34 million

THE CAUSE OF RECENT RED IN THE MARKET?
Foreign funds are parking billions of dollars in 364-day Treasury Bills and FGN Bonds to capture risk-free double-digit yields, leaving Nigerian equities as a secondary, speculative play .

Interesting , I have a few fixed income deposits running at 23/24% , stress free money , don’t blame them , why take risk if you have some serious capital to deploy

But seriously watching the markets , total transaction value of 21b looked low today , opportunities should abound to enter between now and second quarter results , cash to take advantage of opportunities when it comes is always king

Ginalex:
Best advice ever. I don send liquidation request for my FI make I fund, wait and watch

The beauty of having accessible cash somewhere at hand , nothing compares

We watch and wait

So Adverts have finally taken over here , Nigerians and overdo , I greet all men

GeneralDae:
It would be a third of the market (33%). You would then for a while have a similar situation to what is found in Kenya and Ghana where Safaricom and MTN respectively single handedly control the market.
Only NNPC listing would challenge that.

In Ghana’s case for instance, out of a $25 Billion market cap, MTN Ghana is said to be worth $19 Billion. The next is Ecobank at $1.1 Billion

Interesting 19b , that high

What’s the valuation of mtn Nigeria