NewStats: 3,263,993 , 8,182,191 topics. Date: Monday, 09 June 2025 at 08:19 AM 1g1zd

HesInMe:
Tell them. I don't understand the reflexive hyper-antagonism to, and the need to counter every single word of, contrarian views. I love when people disagree with me with sound, practical analysis. Helps me check my blind spots well well.

I, too, own Oando, and no fair reading of their balance sheet and auditor's reports could see this company emerging from its mountain of debt anytime soon.

And I've started buying banks o, despite my early skepticism. But only those that have completed recapitalization and have a long runway.

Some Nigerian banks that have completed or are making progress in the recapitalization exercise include
Banks that have met the new capital threshold:
Zenith Bank: Successfully met the new capital requirements.
Access Holdings: Completed recapitalization requirements.
Ecobank Nigeria: Met the new capital threshold.
Lotus Bank: Successfully met the new capital requirements.
Banks raising capital:
Fidelity Bank: Raised N127 billion as part of the recapitalization exercise, being the first to enter the market.
Wema Bank :Planning to raise N200 billion in fresh capital through a Rights Issue and Special Placement Exercise.
Other banks:
Stanbic IBTC: Still in the process of recapitalization.

The Central Bank of Nigeria (CBN) has set a deadline of March 31, 2026, for banks to meet the new capital requirements, which range from N50 billion to N500 billion depending on the type of license held by the bank. The recapitalization exercise aims to boost capital adequacy, increase market liquidity, and drive economic growth .

fashionnisir:
what you take on wapic an insurance company?

what you take on wapic an insurance company?

Locotrader:
The way IB is going up,
I will not be surprise to see champion doing 7.50 today

Sinces Goldbrew is on suspension, Attension will increase.

The rule of thumb in company financial statement auditing, is that the Auditor is a whistle blower weather the CFO , CEO or MD likes it or not , the auditing company has saved it reputation from be tag as acomplices by puting it out their to you in white and black.

what else do you what?
it is now your duty to protect your capital as your primary duty,because of unforseen uncertainty,which your small eyes and sense can not perceive, your will soon start to hear polictical dispute ,here and there and giving election are close by.

Your two primary duty rules are
1) Dont loss money
2) dont forget rule number one.

debeey87:
@streetinvestor

Paragraph 2 under material uncertainty related to going concerns is all you need to understand better what karltom and sunrise pebble were saying about oando. Even after pledging their assets, auditors are saying they won't meet up if they don't raise additional capital as it only covers 11.8% and 8.4% funding gap of the business for this year and next. Make shareholders no expect anything
till 2027.

They may start asset stripping soon

material uncertainty related to going concerns


"Material uncertainty related to going concern" is a term used in financial reporting, particularly in audit reports. It refers to a situation where there are significant doubts about a company's ability to continue operating as a going concern.

This uncertainty can arise from various factors, such as:

1. Financial difficulties
2. Liquidity issues
3. Significant losses
4. Dependence on external funding

When auditors identify material uncertainty related to going concern, they highlight it in their report to alert stakeholders about potential risks.

Coolcash1:
This report has just confirmed that OANDO is a walking corpse!

My exit strategy is to allow the management pump the price ahead of their planned equity raise and exit my investment in the moribund company….

Those going concern issues raised by their external auditors cannot and should never be ignored. The truth is, the company has been badly managed and the entire management needs to go.

Ire o.

source please

SohSoh:
my " BUY " recommendation on MeCure Industries Plc is based on a combination of strong fundamentals and prudent financial management. Despite the repayment of a significant portion of their commercial paper obligations, the company has remained profitable, posting a ₦568.71 million net profit in Q1 2025 and delivering 65% year-on-year revenue growth.

This reflects a resilient business model, disciplined capital allocation, and a management team that has demonstrated both operational efficiency and strategic foresight. The company's ability to grow earnings while meeting debt obligations is a key indicator of underlying strength—not just good management, but effective execution.

what are their line of productions, is their any ground breaking drugs discoveries on the pipeline , is there any drugs patient to the name of the company . Will there be found in time off health crises in fore front , just like covid 19 to be able to give sharehold returns? those are key question to be asked about the company bussines

zendi:
Na breast problem Ellah get, according to Loco, not bouthing.
Can you downmouth PRESCO in same sector for me?
PRESCO has breast, Ellah has none that Loco can see.

PRESCO has breast

Tell Loco to Start let see

KarlTom:
So you want us to believe that ELLAHLAKE went from 330k to 308k BECAUSE some people bouthed it ?

Uncertainty kwa?

this is suggesting potental downward trend or bearish momentum, indicating selling pressure and potential for further price decrease.

KarlTom:
Hmm...

Ellahlake that some people bad mouthed here some days ago , how do you expect it too move up dont you know the power of market sentiment in stock market.
why digging out her calls , when she cant control other People uncertainty.

is internet a joke to you?

Babygal2020:
Good morning fellow investors. So I have investment with Stanbic IBTC money market. I want t use FBN quest too. Please how do I go about it? Help a sister.

FBN quest is an investment arm for first bank Nigeria, you can use your google to found the closest one around you. Go with your nepa bill with current address not upto 3 months to recent month , Nin slips , one or two port, but before now know and choice your investment plan.

[quote author=jonnysessy post=135572133][/quote]
Cutix has a very historical history of dividends paying, which i will advice instead that they some time retain their earning and di it growth to increase share price.

the most recent 2years dividend payout are not found inthe image below but can check it out yourself ,if u care to known.

CUTIX INCOME STATEMENT
‎
‎1 GROSS MARGIN of 18.780%
‎
‎2 SG AND A MARGIN of 37.28%
‎
‎3 INTEREST EXPENSE MARGIN of 30.49%
‎
‎4 PROFIT MARGIN of 6.07%
‎
‎
‎
‎

kintus:
Wait for retest of the . Can still be gotten circa 2.2

An opportunity to doubble down.knowning very well you are getting it at a discount compare to intrinsic value.

Ovamboland:


What are the VATable products and services that an unemployed person must purchase as a basic necessity fo survival

Being unemployed does not mean you Dont make expense persa,you can be out of work for a year but still living off your emergency funds till you are gainful employed.

you at these point are taxed directly on your ultility such as your power/energy , water and food.
your consumerable goods are taxed too indirectly ,those are goods that are nasseary
your bathing soaps, teeth paste, name it.

Utalinmou:
Please is there any news on cutix plc

Cutix is still on strong buy and a very good stock to hold for a long time 1 to 5 year and also a dividend paying stock, if you can increase your holding in tone of million shares, i will advice you to go and sleep.

There are into manfacturing of cables , amoured wires , automoble wiring and will be fiting for exportation to other neighbouring countries .

GeneralDae:

We have to increase revenue tremendously for the borrowing to slow down. In my opinion, we should have increased VAT from 7.5% to 10% as proposed by tax reforms but law makers turned it down. Our VAT rate is one of the lowest in the world if not the lowest.

This Government has done more of domestic borrowing. In of external debts, they have only increased it by approximately 2 Billion USD to 45 Billion USD at the end of 2024 from 43 Billion USD in May 2023. It seems they are yet to access majority of those World Bank loans approved in 2024.

But, the optics is bad with some wasteful spending and the NASS keep padding budgets like they’ve always done since 1999.

we cant be talking about increase in Vat tax without considering unemployment rate in the conutry, the mass will bear the cost burden .
Employment of workable and willing labour forces is also key.

megawealth01:


Anyways, if I'm to say what I understand from your writings, it seems he is a jobman for politicians?

Senior Man, i cant say but i have deloaded the 4 document he mentioned

MTFR ACT 2025
DMOT 2003
Fiscal Responsibility Act 2007
2025 Appropriation Act

na to make sense out of it na him remain 😭😭😭

megawealth01:


What's the meaning of OMOKRI?

Reno Omokri is a Nigerian lawyer, author, and former presidential aide. He's known for his outspoken views on politics, social issues, and current events. Omokri has been involved in various controversies and has expressed his opinions on several high-profile issues in Nigeria.

Some of his notable endeavors include:
- *Author*: Omokri has written several books on politics, leadership, and personal development.
- *Social Media Presence*: He is active on social media platforms, where he shares his thoughts on various topics and engages with his followers.
- *Former Presidential Aide*: Omokri served as a special assistant to former President Goodluck Jonathan.

Reno Omokri's opinions and writings often spark discussions and debates, and he has been involved in several high-profile controversies throughout his career.

[quote author=crownprince2017 post=135563210][/quote]

Reno Omokri, is that you?

[quote author=crownprince2017 post=135563210][/quote]

https://www.vanguardngr.com/2025/05/nigerias-debt-heads-for-n180trn-as-tinubu-seeks-n34trn-new-loans/

Nigeria's public debt is projected to sur N180 trillion after President Bola Tinubu's request to the National Assembly for an additional N34.15 trillion in external and domestic loans. Here's a breakdown of the loan request ¹ ²:

- External Borrowing: $21.543 billion (approximately N33.39 trillion at N1,590 per dollar), €2.193 billion, and 15 billion Japanese Yen, plus a €65 million grant. These funds will target key sectors such as:


- Infrastructure: railways and nationwide development programs

- Agriculture: to enhance food security

- Health: critical healthcare projects

- Education: nationwide development programs

- Security

Employment Generation: [/b]to promote skill acquisition, entrepreneurship, and job creation

- *Domestic Bond Issuance*: N757.983 billion to settle outstanding pension liabilities under the Contributory Pension Scheme (S). This aims to:
- Improve retirees' welfare
- Boost confidence in the pension system
- Inject liquidity into the economy

The Tinubu istration argues that this borrowing plan is crucial to address the country's significant infrastructure deficit and revenue challenges. However, critics warn that the additional foreign-denominated debt may amplify currency and refinancing risks, potentially pushing Nigeria into a debt trap



https://www.vanguardngr.com/2025/05/nigerias-debt-heads-for-n180trn-as-tinubu-seeks-n34trn-new-loans/

[b]
ECONOMIC EVENT:
These are the kind of news that moves the market , the economic indices and fiscial policy . Follow the big institution and big market movers and take you position now in the following sectors:

Infrastructure
Agriculture
Health
Education
Security
Employment Generation


Question you should ask are these:


How do i benefit from these Event as a shareholder?

which sector will have more impart in the Nigeria stock exchange?

which companies will secure these deals, are there public listed companies in the stock exchange floor?

why more loan now, definitely oil production and revenue might be low or in less demand both domestic and international . so call for the development and investment of these following sectors :

Take Out Questions

who are the pension companies in charge of paying the retiree?

How many pension paying companies in the Nigeria stock exchange and is there possiblity of then benefiting and returns grows the share prices and there dividend earning ?

Disscuss and add your own question if you have one.

Nigeria's public debt is projected to sur N180 trillion after President Bola Tinubu's request to the National Assembly for an additional N34.15 trillion in external and domestic loans. Here's a breakdown of the loan request ¹ ²:
- *External Borrowing*: $21.543 billion (approximately N33.39 trillion at N1,590 per dollar), €2.193 billion, and 15 billion Japanese Yen, plus a €65 million grant. These funds will target key sectors such as:
- *Infrastructure*: railways and nationwide development programs
- *Agriculture*: to enhance food security
- *Health*: critical healthcare projects
- *Education*: nationwide development programs
- *Security and Employment Generation*: to promote skill acquisition, entrepreneurship, and job creation

- *Domestic Bond Issuance*: N757.983 billion to settle outstanding pension liabilities under the Contributory Pension Scheme (S). This aims to:
- Improve retirees' welfare
- Boost confidence in the pension system
- Inject liquidity into the economy

The Tinubu istration argues that this borrowing plan is crucial to address the country's significant infrastructure deficit and revenue challenges. However, critics warn that the additional foreign-denominated debt may amplify currency and refinancing risks, potentially pushing Nigeria into a debt trap


https://www.vanguardngr.com/2025/05/nigerias-debt-heads-for-n180trn-as-tinubu-seeks-n34trn-new-loans/

ECONOMIC EVENT:
the are the kind of news that moves the market , the economic indices and fiscial policy . Follow the big institution and big market movers and take you position now in the following sectors:

Infrastructure
Agriculture
Health
Education
Security
Employment Generation

question you should ask is

How do i benefit from these Event as a shareholder?

which sector will have more impart in the Nigeria stock exchange?

which companies will secure these deals, are there public listed companies in the stock exchange floor?

why more loan now, definitely oil production and revenue should might be low or in less demand but domestic and international . so call for the development and investment of these following sectors

Take out Questions

who are the pension companies in charge of paying the retiree?

How many pension paying companies in the Nigeria stock exchange and is there possiblity of then benefiting and reture grows the share prices and there dividend earning ?

disscuss and add your own question if you have one.

Locotrader:
With the way Directors of our companies are increasing stakes and ASI at ATH,expect a serious breakout as we move into June.

Stay connected with consumer food, manufacturing and services stocks.

NB,IB,champion will sweep ground this times.

Cileasing , sugar,Cadbury,pz,uacn,Nascon,Transcorp,oando and other big companies and Top banks with or without losses will lead the incoming bull.

Take note

which one be sweep ground again.

Streetinvestor2:
Lol,you don cash out already in the ellahlakes.I knew the target was to push it to #3.50 starting from forest stomach waves.The forest guys wanted to bail out

what is your out look for IB? ,did you cash at,N10

freeman67:
Please for those complaining about Wapco and SFSREIT dividend. You can just check your and see.

I just checked my this morning and saw both dividends there. It was after like and hour later that I received the alert for SFSREIT and it's even carrying yesterday's date.

I have not seen Wapco alert but it's in my already.

Please where can I buy SFSREIT? i cant find it in the exchange

SonofElElyonRet:

Explain this post please...

They are new listed while other are just relisted ,eg we have STERLINGNG and STERLNBANK.

NEW NGX INTRODUCTION
‎
‎ARBICO
‎ARDOVA
‎CHIPLC
‎COURTVILLE
‎FIRSTHOLDCO
‎GLAXOSMITH
‎GSPEC PLC
‎LEGENDINT
‎LINKASSURE
‎NIGERINS
‎RAKUNITY
‎RESORTSAL
‎STERLNBANK
‎UBN

owolabi5:


Please can you enlighten a non-TA person how to spot EMA on the chart.

Go and learn how to use Indicators .

or learn price action (candlestick) with and resistances.

Valthegreat:


Thanks.
I am actually looking for a site that shows the bids and offers in their individual quantities. NGX website is not -friendly on that. I have even tried Afriinvestor but didn't see a link that shows just that.

Afrinvestor has but it is designed individual when you click a particular stock eg Intbrew, it will take you to a page here you will see trade history, bids order and offer order .

megawealth01:
Please be informed of the recent delisting of Flourmills of Nigeria (FLOURMILLS) from the Nigerian Exchange and the payoff of shareholders. As a result, shareholders are to be paid N86 per units held as at 10th Dec 2024.

If you had flourmills shares as at 10th December 2024 and have not received the payoff funds, kindly reach out to Atlas registrars via email at [email protected]. For details, click here to find the attached the public notice by Flourmills

Are their going to the NASD's floor market?