₦airaland Forum

Even sooner than that. People buy existing assets that eventually become extremely successful within a short time and in addition to other patronages including privileges from those with decision or veto authorities (e.g. presidency). In Nigeria great wonders happen overnight... people like you have probably become billionaires due to these wonders..

emmanuelewumi:
Do you know what it means to sustain a growth of 20% for 15 years, although I was referring to organic growth.

With smart and responsible use of leverage it is possible in 10 years

RI is 60 naira

Shalom428:
I pray God reward the patience of people wey still dey DangSugar cos it's not easy seeing people booking profit left, right and centre and nothing tangle is happening at your end. If the Q1 result comes out disappointing, the stock might end up trading below the right issue price N50. But if there is a significant improvement, the stock is likely to shoot to N100.

Transcorp is another annoying stock like that.

DangSugar is looking like a decent candidate for JIJO

Grossly devalued

EDUECO:
Buy UBA and ACCESSCORP.

According to AI Overview:

Based on reports from March 2026, the primary companies benefiting from the development of the OPL 245 deepwater block in Nigeria are Eni (specifically its subsidiary Nigerian Agip Oil Company) and Shell.
Business Post Nigeria
Business Post Nigeria
+1
The Nigerian government has moved to break the controversial block into four separate assets to be operated by these two European majors, finally allowing development to proceed after nearly three decades of legal deadlock.
TheCable
TheCable
+1
Key Entities Benefiting:
Eni (Italian Energy Major): As a long-term operator in West African deepwater, Eni continues to maintain its interest in the block.
Shell (Anglo-Dutch Major): As part of its strategy to focus on high-value, deepwater projects, Shell remains a key operator.
Oando PLC: In August 2024, the Nigerian energy company announced its acquisition of the Nigerian Agip Oil Company (NAOC) from Eni, meaning Oando is set to take over Eni's interest in the project.
Nigerian National Petroleum Company (NNPC) Limited: The state-owned entity is expected to gain equity stakes as part of the new, restructured arrangement.
Contextual Factors:
Split Structure: Dividing the block into four parts is designed to accelerate permitting, financing, and development, allowing Eni and Shell to divide operational risks.
Strategic Value: With estimated reserves of 9 billion barrels, OPL 245 is one of Africa's largest undeveloped oil reserves.
Legal Resolution: Following a 2021 acquittal of corruption charges in Italy and the withdrawal of civil claims by the Nigerian government in 2023, the way was cleared for this, although full production is likely still a decade away.
Businessday NG
Businessday NG
+1
Note: While Shell and Eni have been the central players in the long-running saga (often alongside Malabu Oil & Gas), the new structure in 2026 solidifies their operational role, particularly with Oando's entry into the Nigerian Agip Oil Company assets.

mikeapollo:
Was OPL245 under NAOC or ENI Offshore?

Thank you Madam for stating it just the way it is.

yMcy56:
No be small thing 😊
Loco and his guys are the Whales
Whales can hit head against rock....lol.

They're knowingly packing fake offers at day's high just to depress the price.....
No wahala, if it comes down opportunity to buy more.
* Anyone that likes should allow the Whales to deprive them of the opportunity presenting itself.....

* My dream price for JAPAUL as posted here before : N7.50
* With Gold in the picture: It will be above this....
* When can this be achieved? I don't know.

Try buying at 40 naira from Monday, let see how much quantity you are able to buy....

Meerahbel:
On the floor it's 40 and RI is N50. The maths is not mathing

For me, Wale submitting reports early enough is an indication of willingness for repentance and dedication towards a plan that may be beneficial. I am hopeful

mikeapollo:
You human beings dey too quick to judge somebory! Me I no wan judge which one better or worse pass.

The Scriptures say thou shall not judge......because we don't know the end from the beginning.
Remember, the Lord granted one ''bad man'' access to heaven because he repented at the last minute.
Wale maybe going through some serious deliverance and repentance right now, but you don't know. So don't judge yet until the last show!

Oando mayb..... not a recommendation pls

ManAdii:
I have spare money to waste. Meme stock recommendations please...
The one that can do 1000%+ in 52 weeks time 😁

[quote author=fergie001 post=137397272]A former Special Adviser to former Kano State Governor, Salihu, has insisted that yesterday's Federal Executive Council meeting was a "South West FEC meeting".

Salihu who posted on X has been a constant critic of the alleged lopsided infrastructural raise and allocations to the South West, especially Lagos, the President's home state.

The FEC yesterday approved the following projects....

Yesterday, the FEC approved several fresh and revised road project contracts:

1. Sokoto–Badagry Coastal Superhighway Section 3
163 km (Badagry → Ogun-Oyo border)
₦553 billion (₦3.39 bn/km, full concrete)

2. Ota–Idiroko Section I + Flyover
14 km road + 509 m flyover, Ogun
₦98 bn (road) + ₦23 bn (flyover) = ₦121 billion total

3. Ijebu Igbo–Etapa–Owoyen Road
37 km (Ogun-Oyo link, +7 km added)
₦53 billion (from ₦13 bn original)
307% increase, now full concrete with upgraded base.

4. Lagos–Ibadan Expressway Phase II Section II
Fresh award: ₦43.73 billion
Includes underpasses, ramps, side roads.

5. Ilorin–Omu Aran–Egba Road Phase I
31 km (out of 207 km), Kwara
₦43 billion

6. Wasasa–Turunku–Mararaba Phase II
42 km, Kaduna
₦30.23 billion
Continues earlier 7.8 km section.

7. Enugu–Onitsha Road Phase I
35 km (OP Junction → Anambra border)
₦28.47 billion total (₦7 bn balance pending).

8. Mushin–NNPC–Apapa–Oshodi Dualisation
14.4 km, Lagos ports access
₦19.09 billion (up from ₦11 bn).

9. East–West Road (restructured)
PH–Warri axis + 3 flyovers + 2 bridges
Inherited ₦156 billion package
Two new flyovers (Abuloma & Refinery)

Salihu's reply
https://x.com/dawisu/status/1986748878272811049?t=TKIVmo3YLVCn4H4jXUBxEQ&s=19[/quote]

to strengthen Dominance. Buyers of these shares are already available.. If you had noticed earlier prior to 16th July 2025, there had been massive accumulation of these shares. If you got some then, considered yourself lucky, at least you could benefit from the transactions....

Fred2020:
UBA is currently trading at N50, what is the benefit of a rights issued at N50? Am I missing something?

UBA share is still one of the undervalued shares, even at 50 naira.

jonnysessy:
UBA did well by pumping up the price before announcing their Right Issue. This gimmick or market play is to reduce the number of shares churned out so as not to overbloat the Outstanding Shares. But, will shareholders be able to pick up their rights? I can't buy UBA at the present price. I guess Tony will mop up the rest for himself. But, if someone can guide me on how to sell my rights and still get something out of the deal.

Same services they have been offering for decades ..

mikeapollo:
They are also into freight forwarding , integrated logistics service etc, domestic and international

UBA over 850 million shares sold in few minutes.....

All of this is speculation which may be true or untrue. But why create another company with name almost similar to an existing one? this seem like a stealth or clone which could aid seamless illegal transactions go on undetected

moscow007:
First of all it's still an allegation not tested or proven, secondly if you read well u will note there are two companies: Northside Entertainment and Northside Music, prior to their separation in 2017 Northside Entertainment which was registered in 2005 equitably distributed shares (I suppose in an agreed manner) and paid all their royalties and profits, Northside Music was registered in 2015 most likely as Jude's side hustle signing other artists and performers (not just P square) maybe to separate it from P-sqaure, hence there's no way Peter can claim share of revenue becos there are other artists on the record label apart from P-sqaure. Does that make sense?

PapaBornboy:
Please can one get their stocks on the bamboo app?

I have never traded on bamboo and cannot say. hopefully, the experts here on this platform will provide sufficient answer

MTN Nigeria Communications Plc releases unaudited results for the quarter ended
31 March 2025
Salient points:
• Total subscribers increased by 8.2% to 84.1 million
o Added 3.2 million subscribers in Q1 2025
• Active data users rose by 13.0% to 50.3 million
o Added 2.6 million active users in Q1 2025
• Service revenue grew by 40.5% to N1.0 trillion
• EBITDA1

increased by 65.9% to N492.7 billion

• EBITDA1 margin expanded by 7.2 percentage points (pp) to 46.6%
• Profit after tax of N133.7 billion (Q1 2024: negative N392.7 billion)
• Earnings per share of N6.38 kobo
• Capital expenditure (Capex), excluding leases, increased by 159.0% to
N202.4 billion
• Positive free cash flow (FCF) of N209.9 billion

Emir01:
MTN is back

Still a foolish idea. Who told you it takes FBI more than 3 months to get close to the accomplice. Once you have an idea that something isn't right, it's better you stay off completely....
quote author=oluwaahmed post=135126792]Lies of a foolish azaman. Na so one of my goons been dey worry me to collect, say him go give me 30% as azaman. I just laugh am, come lock up. Like say I know, I for collect the funds, fix am for like 3 months collect interest, then report am to FBI.[/quote]

From Chairman statement, UBA actually surpassed their target in the last RI by about 12 - 15 % and had to return back the surplus in line with the rule. Seems reaching CBN target is not a problem for UBA. However, the chairman maintains that it's better to reach CBN target through RI than PO knowing that the real value of UBA share should be more than 10 times the present value. In his opinion, it's better for the current SH to benefit than to deliver the outcome of their sacrifice to new SH through PO. Reading behind the line, definitely, the next RI coming later this year may be higher in price than the previous and afterwards, UBA share may maintain a steady movement up north...

KarlTom:
Yes he did.
That was the final note before the closing prayers.
He explained to SH why the Group wants to go for RI instead of PO (something like the current SH should benefit from the growth recorded by the Group so far instead of 'outsiders')...

LasLas all na marketing

This Agba man may be right after all.

Agbalowomeri:
Transcorp is not joking with this growth rate. It's a new candidate for N500 in 5 years if this growth rate is sustained

I think you could just make your point without referring to any tribe in derogatory manner. The main actors were just individuals who were selfish, greedy and wicked irrespective of their tribes

favor914:
Confused Hypocrisy, Yet na igbo man with the name Arthur Nzeribe & em initials ABN go secure The High Court injunction that nailed the coffin on Abiola’s victory.

Today same Igbo in 1993 wey aid the Hausa Fulani Military cartel in the annulment, wan claim hero? Incoherence established on Confused Hypocrisy.

Thank you for the detailed analysis. Also i noticed that the sales of a share was above 100 naira ($325 million for 4.3billion share), at dollar rate of 1$ for not less than 1500 naira. Except this was agreed upon long time before this present era of naira devaluation.

ositadima1:
Background

Ansbury was involved in a dispute with Whitmore Asset Management Limited in 2019. This dispute led to Whitmore buying out Ansbury's interest in Ocean and Oil Development Partners Limited (OODP) as a full and final settlement.

The restructuring involves Whitmore transferring its 60% shareholding in OODP, equivalent to nearly 4.3 billion Oando shares, to Oando as settlement for a $325 million debt.

Share Restructuring

Shares Outstanding: 12.4 billion

Therefore, 4.3 billion shares, or 34.68%, will be equally distributed to other shareholders.

The remaining 65.3% will now represent 100% of the equity.

As a result, 1 share post-restructuring increases to:
100% / 65.3% = 1.53.

This means 1 share becomes equivalent to 1.53 shares, or approximately 3 shares for every 2 shares.

Due date

An amendment to the share distribution plan was approved during the AGM, requiring Oando to provide a five-day notice to shareholders before any distribution occurs.

Thank you.

GeeKudi:
That thing was grossly inflated at the NASD. There was no liquidity for them to sell there and they brought to NGX at such inflated price. So unfair, but Sunripebble was very truthful and open with info here.

I was so sure they were in need of liquidity and indicated it in my previous note. Somebody here on this platform is a smooth operator. He most likely was aware of this, but rode on the platform of providing some privileged information about some other companies that turned out true to gain people's trust to be able to stealthily promote Aradel. This is evil, considering that many people got trapped keying into Aradel shares on this platform. You know yourself. Take note, this not coming from a bitter mind because I did not fall for it. Such deceit would not end well

seems so..... may be the purpose for quoting on NGX is to improve liquidity so that existing stockholders can cash out.... we just need to be more careful on NGX platform

Xidget:
Omo, this Aradel na pure One chance

The information reported here does not seem right when compared to the information posted by company on Nigerian stock exchange

Pennystockwarri:
Nigerian Breweries 9M 2024 results

https://greentickertales.com/nb-9m-2024-waiting-for-the-infusion/

But Really Wike is so right about this. Or is it that you did not read his statement before passing your remark

prinzedy:
This one thinks he's the landlord of Abuja.
No worry this table will turn very soon and you'll soon be at the receiving end.

Tpharell:
Whole state governors are converting their allocations to USD, even the CBN alluded to that, but delusional people believe that somehow, the naira will ‘miraculously’ recover based on some textbook theory they read about in school.

It's the way it is because the CBN is not doing enough to curb this inappropriate act... The initial plan by CBN to digitize use or disbursement of dollars with stringent control could have alleviated this anomaly regarding gov. converting
Monthly allocation to dollars and other privileged individuals accessing dollars without or should I say deliberate disregard to appropriate tracking or control by CBN

My stockbroker is not providing enough assistance...

tayejay:
Thank you all for your kind knowledgeable contributions on this platform. Please could somebody help me again with the information regarding speedy recovery of dividends and bonus shares from UBA, Zenith, Champion, NASCON,. Thank you

Thank you all for your kind knowledgeable contributions on this platform. Please could somebody help me again with the information regarding speedy recovery of dividends and bonus shares from UBA, Zenith, Champion, NASCON,. Thank you

chillykelly86:
I picked an info that their tower contract is priced in dollars as a reference and that's responsible for part of the profit erosion. Unfortunately, I can't pinpoint the source and veracity of that information now. Does anyone have reliable info on this? Because if that's true, then that part of it is not one-off and will even grow.

Though I expect a turnaround as I expect the Telcos will meet with NCC and raise tarrifs to pass the costs down to the end-users eventually.

MTN needs to be further investigated regarding depletion of its profits and shareholder shares through its claim which include payment in dollars for its towers management. MTN owns a part of the company, IHS that manages this towers and according to Nigeria law, i think payments for these services should be in naira since IHS is registered and operate in Nigeria. IHS pay rentals for site in naira and for a while now there have been no need for further tower development since the NCC regulation or law provide for colocation which enable different telecoms to mount their equipment on a tower irrespective of whether they own it or not so as to protect the environment and limit nuisance to the people. I suspect MTN is more particular about repatriation of funds and if the CEO has been efficient enough i would have been conversant with volatility of the Nigeria economy and factor all these in MTNN operations to prevent this dastardly poor and inexcusable performance. MTNN must not be allowed just walk away with this grievous actions all in the name of naira devaluation

[quote author=KarlTom post=128455186]I expect a rise after the AFS is released...

[/qruote