NewStats: 3,262,718 , 8,177,935 topics. Date: Tuesday, 03 June 2025 at 11:00 AM 22174z

KarlTom:
Be like na RICE turn to collect...

Lol.. na turn by turn.

I've been thinking in this line since last week...

chimex38:

What if it's one and same person that's the willing buyer and seller with different brokers.
Running around in cycles

The crisis in the leadership of First Bank Holdings of Nigeria worsened on Wednesday as a group of stakeholders called for the removal of its board chairman, Femi Otedola, and non-executive director, Mr Julius B. Omodayo-Owotuga.

This comes as the group calls for an immediate extraordinary general meeting (EGM) in the next 21 days in line with section 215 (1) of CAMA.

The group shareholders alleged that FBN has not known peace since the former Central Bank of Nigeria Governor, Godwin Emefiele, influenced Otedola’s acquisition of a significant amount of shares that led to his emergence as Chairman of FBN Holdings in January 2024.

According to the shareholders, with Otedola as Chairman, his personal staff, Omodayo-Owotuga at the Holdco, and yet another personal staff at the bank, Otedola has seized full control of the bank and does as he pleases.

Thus, with the private placement of N360 billion shares, other shareholders fear he would clearly have absolute control and could turn First Bank into his piggy bank without checks, balances, and corporate governance.

“This is to enable him (Otedola) to take full control during the proposed N360 billion private placement. But some of the shareholders are saying instead of a private placement for shares of the bank, it should be by right issue or public offer,” a source who doubled as a stakeholder said anonymously.

However, it was further alleged that Otedola’s preference for private placement is seen as a ploy to gain control and run the financial institution as his private estate.

DAILY POST reports that in the last months, FBN Holdings has been a subject of battle over who holds the single largest share of the institution.

The battle for the soul of FBH is between Otedola and Barbican Capital, which is d with the Oba Otudeko-owned Honeywell Group.

First Bank Holdings, in its audited s for 2023, had put Otedola as the single largest shareholder with a 9.41 percent stake in the financial institution. Otedola, however, has recently increased his shareholding by massive acquisition of more shares. At the moment, his exact stake is unclear.

But data from the Central Securities Clearing System, CSCS, the widely accepted source for confirming share ownership, has Barbican Capital, which is d with the Oba Otudeko-owned Honeywell Group, as the largest single shareholder with a 15.01 percent stake.

Records kept by the bank’s registrars, Meristem Registrars & Probate Services Ltd, also showed that Barbican Capital is the single largest shareholder with 5,386,397,202 shares (5.38 billion) as of May 23, 2024.

Consequently, Barbican Capital had sued FBN Holdings for wrongly stating its shareholding in its audited financial statement.

First Bank recently laid off about 100 senior staff in a major organisational shakeup.

Reports had indicated that the bank’s top executives were asked to leave—as part of its corporate restructuring and repositioning plan for 2025—following the confirmation of Olusegun Alebiosu as FBN’s managing director (MD) and chief executive officer (CEO) in June last year.

There were also allegations that the exits were part of a concerted effort by Otedola to introduce new hands into several leadership positions in the bank's management.

Meanwhile, it is still unclear what the Security and Exchange Commission, SEC, and the Central Bank of Nigeria, CBN, would do in the wake of this CAMA-induced demand for an EGM called to remove Otedola and stop the private placement of the bank shares.

When DAILY POST ed the spokesperson of FBH, Tunde Lawanson was yet to respond to the inquiry for comment on the matter as of filing the report.

Also, FBN has not officially issued a statement on the matter.

With recent developments in FBNH, the likelihood of dividend payout is dwindling.

Two years and counting...

Based on today’s gain, the stock has already returned 20% on my investment.
I’m still a young man (some of you will be shocked at my age) so I don’t really see the bond as attractive but because I believe Presco is a retirement type of stock and I believe in the business I’m considering investing some into the bond. Deadline is tomorrow

Valthegreat:


Honestly I can't give someone my #5m to return #15,500,000m to me in 7 years. Not even CBN can project Naira's value over the next 7 years, so I can't trust the Naira that much.
The interest rate is almost same as Federal government bond which I can collect the interest instantly and use it for another business and then collect my capital at the end of one year.

So the best thing to buy now as you recommended is PRESCO's shares because they will be making a lot of profit in the coming years by borrowing Naira to do export business.
Note that if they float the same bond at same rate in USD I will invest Wella.
Just my personal opinion though.

Lol, the thought of this is making me laugh

So he will just be incurring fees into perpetuity ?

chimex38:

What if it's one and same person that's the willing buyer and seller with different brokers.
Running around in cycles

Mr JB Owotuga happens to be the DCEO of Geregu Power.
I think there'll be conflict of interest because FOte is his principal on both fronts.

The more I try to make sense of the whole debacle, the more confused I get...

KarlTom:
With recent developments in FBNH, the likelihood of dividend payout is dwindling.

Two years and counting...

Who will sign the payments? FBN battle continues

essentialone1:
The crisis in the leadership of First Bank Holdings of Nigeria worsened on Wednesday as a group of stakeholders called for the removal of its board chairman, Femi Otedola, and non-executive director, Mr Julius B. Omodayo-Owotuga.

This comes as the group calls for an immediate extraordinary general meeting (EGM) in the next 21 days in line with section 215 (1) of CAMA.

The group shareholders alleged that FBN has not known peace since the former Central Bank of Nigeria Governor, Godwin Emefiele, influenced Otedola’s acquisition of a significant amount of shares that led to his emergence as Chairman of FBN Holdings in January 2024.

According to the shareholders, with Otedola as Chairman, his personal staff, Omodayo-Owotuga at the Holdco, and yet another personal staff at the bank, Otedola has seized full control of the bank and does as he pleases.

Thus, with the private placement of N360 billion shares, other shareholders fear he would clearly have absolute control and could turn First Bank into his piggy bank without checks, balances, and corporate governance.

“This is to enable him (Otedola) to take full control during the proposed N360 billion private placement. But some of the shareholders are saying instead of a private placement for shares of the bank, it should be by right issue or public offer,” a source who doubled as a stakeholder said anonymously.

However, it was further alleged that Otedola’s preference for private placement is seen as a ploy to gain control and run the financial institution as his private estate.

DAILY POST reports that in the last months, FBN Holdings has been a subject of battle over who holds the single largest share of the institution.

The battle for the soul of FBH is between Otedola and Barbican Capital, which is d with the Oba Otudeko-owned Honeywell Group.

First Bank Holdings, in its audited s for 2023, had put Otedola as the single largest shareholder with a 9.41 percent stake in the financial institution. Otedola, however, has recently increased his shareholding by massive acquisition of more shares. At the moment, his exact stake is unclear.

But data from the Central Securities Clearing System, CSCS, the widely accepted source for confirming share ownership, has Barbican Capital, which is d with the Oba Otudeko-owned Honeywell Group, as the largest single shareholder with a 15.01 percent stake.

Records kept by the bank’s registrars, Meristem Registrars & Probate Services Ltd, also showed that Barbican Capital is the single largest shareholder with 5,386,397,202 shares (5.38 billion) as of May 23, 2024.

Consequently, Barbican Capital had sued FBN Holdings for wrongly stating its shareholding in its audited financial statement.

First Bank recently laid off about 100 senior staff in a major organisational shakeup.

Reports had indicated that the bank’s top executives were asked to leave—as part of its corporate restructuring and repositioning plan for 2025—following the confirmation of Olusegun Alebiosu as FBN’s managing director (MD) and chief executive officer (CEO) in June last year.

There were also allegations that the exits were part of a concerted effort by Otedola to introduce new hands into several leadership positions in the bank's management.

Meanwhile, it is still unclear what the Security and Exchange Commission, SEC, and the Central Bank of Nigeria, CBN, would do in the wake of this CAMA-induced demand for an EGM called to remove Otedola and stop the private placement of the bank shares.

When DAILY POST ed the spokesperson of FBH, Tunde Lawanson was yet to respond to the inquiry for comment on the matter as of filing the report.

Also, FBN has not officially issued a statement on the matter.

Actually, the fees are minor when compared to their agenda...

Sunrisepebble:
Lol, the thought of this is making me laugh

So he will just be incurring fees into perpetuity ?

Sunrisepebble:
Lol, the thought of this is making me laugh

So he will just be incurring fees into perpetuity ?

well, you have a point; seems futile.

but these type of shareholders negotiate their fees.

And if assumption is true, only patience is needed..its a deliberate plan to delay the breakout. It can't also be delayed "into perpetuity"

KarlTom:
Actually, the fees are minor when compared to their agenda...

There’s no hidden agenda going in Chams just a figment of your imagination, It has risen from 0.30K to its current price. I know Folks who bought early that are still taking profits

✌🏽

Bovis:


There’s no hidden agenda here, just a figment of your imagination, Chams has risen from 0.30K to his current price. I know Folks who bought early that are still taking profits

Valthegreat:


Honestly I can't give someone my #5m to return #15,500,000m to me in 7 years. Not even CBN can project Naira's value over the next 7 years, so I can't trust the Naira that much.
The interest rate is almost same as Federal government bond which I can collect the interest instantly and use it for another business and then collect my capital at the end of one year.

So the best thing to buy now as you recommended is PRESCO's shares because they will be making a lot of profit in the coming years by borrowing Naira to do export business.
Note that if they float the same bond at same rate in USD I will invest Wella.
Just my personal opinion though.

Float USD bond @23%+ Even feds that can print unlimited $$ cannot do such, if they did I would sell everything and everybody in my household and invest everything

swiperthefox:
Thank you. Do you have their link?

https://yochaa(.)com/januarychallenge

Sunrisepebble:
Based on today’s gain, the stock has already returned 20% on my investment.
I’m still a young man (some of you will be shocked at my age) so I don’t really see the bond as attractive but because I believe Presco is a retirement type of stock and I believe in the business I’m considering investing some into the bond. Deadline is tomorrow

The day you could read and write and organize your thoughts. That was the day you stopped being a young man. Know this and know peace.

Ades1:



Float USD bond @23%+ Even feds that can print unlimited $$ cannot do such, if they did I would sell everything and everybody in my household and invest everything.

Lwkmd..
You will probably buy them back from your proceeds

Good evening everyone.

Please I need advise I bought 150,000units of champion since last year February, I am stuck with the stock, I have been waiting patiently for it to improve so I can let it go but rather I am on still on 5% lost of my capital.

My question here is should I just sell it off with a lose and buy a dividend paying stock or should I still give it a time?

Your advises will be highly appreciated.

Thank You

Diyke4rich:
Good evening everyone.

Please I need advise I bought 150,000units of champion since last year February, I am stuck with the stock, I have been waiting patiently for it to improve so I can let it go but rather I am on still on 5% lost of my capital.

My question here is should I just sell it off with a lose and buy a dividend paying stock or should I still give it a time?

Your advises will be highly appreciated.

Thank You

Sometimes you need to cut your losses and move on. 5% loss is not much, you need to move on. If the stock didn't appreciate this recent bull, what is the point in waiting. If you had other resources you could have let it be as all stocks have their day, But, if you are limited in funds, sell and move to a dividend paying stock, It is your call, as you still remain the CEO of your portfolio.

toyeoye:


Present sir!
Thank you for highlighting the calculation for Monthly Performance. You’re absolutely correct—while other metrics are based on fixed calendar periods, the monthly calculation currently uses the last 30 days. This approach, while insightful, is not consistent compared to the others.

Addressing this is a top priority. The calculation will be updated to reflect changes from the start of the calendar month for alignment with other timeframes. Your is amazing , and I sincerely appreciate your patience as this adjustment is implemented promptly.

Just want to express my appreciation for your site. It's a blessing for someone like me that at times find investing.com overwhelming. You are doing great.

And where was the stock before it got to 30 kobo? I like how every Nigerian thinks he is that one special sharp guy who will correctly time his entry or exit to make 100x returns all the time. As if all the other shareholders who bought before then at N1+, lost 70+% of their money with negative returns since 2010 don't exist.

Zoom out of the Chams performance chart and weep.

Bovis:

There’s no hidden agenda going in Chams just a figment of your imagination, It has risen from 0.30K to its current price. I know Folks who bought early that are still taking profits

If you take the long view, there's another way to look at buying high-quality, high-yield, long-term bonds like Presco's.

Let's say our economic reforms work, and interest rates go down to 10-15% in 3 years. You'd be sitting pretty holding a bond yielding 23% for many years. Banks and other institutions, flush with recapitalization cash that they can only lend at 15%, will chase those bonds for their superior, low-risk returns. The prices of those bonds will rise sharply too.

In that way, the bonds might behave like dividend-paying stocks with limited downside. Unless inflation continues to accelerate sha.

Valthegreat:


Honestly I can't give someone my #5m to return #15,500,000m to me in 7 years. Not even CBN can project Naira's value over the next 7 years, so I can't trust the Naira that much.
The interest rate is almost same as Federal government bond which I can collect the interest instantly and use it for another business and then collect my capital at the end of one year.

So the best thing to buy now as you recommended is PRESCO's shares because they will be making a lot of profit in the coming years by borrowing Naira to do export business.
Note that if they float the same bond at same rate in USD I will invest Wella.
Just my personal opinion though.

HesInMe:
And where was the stock before it got to 30 kobo? I like how every Nigerian thinks he is that one special sharp guy who will correctly time his entry or exit to make 100x returns all the time. As if all the other shareholders who bought before then at N1+, lost 70+% of their money with negative returns since 2010 don't exist.

Zoom out of the Chams performance chart and weep.

This criminal allegedly. You are quick to point out the useless SA business which deserve to be kicked out of Nigeria. They only listed because the government forced them.The company has been a condict pipe to repatriate money to SA.They became listed and started posting rubbish results. They said pay as you go was impossible till glo lunched.They introduce uneducation programs to destroy Nigeria youths. They stole Nigerians blind with sim card I bought at 23k.
You must be a criminal from SA.Na thunder go kill you as you market that SA business here.The government need to send them packing and not increasing tariff.
You keep shouting rubbish margin for a company with negative shareholders fund.Ar what price was the criminal company listed after splitting the shares unreasonable to steal from Nigerian investment public. What has investors really benefited from the useless company both in dividend and appreciation post listing.

LOL. Rent. Free.

Streetinvestor2:
This criminal allegedly. You are quick to point out the useless SA business which deserve to be kicked out of Nigeria. They only listed because the government forced them.The company has been a condict pipe to repatriate money to SA.They became listed and started posting rubbish results. They said pay as you go was impossible till glo lunched.They introduce uneducation programs to destroy Nigeria youths. They stole Nigerians blind with sim card I bought at 23k.
You must be a criminal from SA.Na thunder go kill you as you market that SA business here.The government need to send them packing and not increasing tariff.
You keep shouting rubbish margin for a company with negative shareholders fund.Ar what price was the criminal company listed after splitting the shares unreasonable to steal from Nigerian investment ingredients public. What has investors really benefited from the useless company both in dividend and appreciation post listing.

Locotrader:


I am happy that Etranzact is about to shoot again.
This time,chams will give it a chase.
Watch chams closely for traffic⛔.
There was a huge relieve in the stock today.

Etranzact weldone for making people to look at the ICT sector.

Etranzact has been a very stagnant stock. A zombie stock, a sleeper stock, a lagging stock, a dog stock, and an underperformer.

Its time will come for a very patient investor, but in the short to mid term, it is a dead stock.

ETRANZACT TARGETS N365M PROFIT IN Q1 2025
eTranzact International Plc, Nigeria’s payment and switching company, has estimated about N365 million in profit after tax for the first quarter of the financial year 2025.
This is according to the firm’s earnings forecast submitted on the Nigerian Exchange Group, where it expects revenue to reach N2.2 billion in the first three months of operations in the current year.
The firm’s finance cost estimated at N4.9 million is expected to reduce profitability.
eTranzact projects a profit before tax of N521.09 million at the end of the period. The company also projected its tax expenses to be at N156 million.
In the equity market, the share price of eTranzact has remained flat at N6.5 in the first two trading sessions of the New Year. This kept its stock market value at N59.8 billion on 9.199 billion shares outstanding.
Costs of sales are projected to settle at N291.5 million during the period. Due to this, gross profit is projected to settle at N1.91 billion in the first three months of operation in the financial year 2025.
The company anticipates operating expenses to be huge, estimated at N1.45 billion which left eTranzact with N466 million as operating income in the same period.
The company expects to boost its bottom line with investment income which is forecasted at N59.5 million.

HesInMe:
LOL. Rent. Free.

criminal.
This thread is beginning to cast because of your type and others looking for prey.

Then another set now here from crypto,MMM ,50-5000 dollar speculations gang ooking for money to buy oversized jeans,earrings and London use iPhone. They are now making the thread look like children play ground for urgent 2k

Na yeye post just dey occupy pages..

Meristem Equity Research Report webpage has no new reports from the trading activities so far this year. The most recent report is from around December 2024. I have found it along with Cardinal's MEP reports and Morgan's Weekly Stock recommendation great resources for a newbie like me. These along with the commentary from have been very useful resources.
Thanks to everyone sharing insights and knowledge here freely, you are all appreciated.

I am currently studying how to interprete company reports, charts, valuations and related matters so as to be able to do the modelling as well as buy/sell/hold calls myself in the shortest time possible.

https://nairametrics.com/2025/01/09/breaking-court-freezes-225-million-in-assets-linked-to-general-hydrocarbons-and-nduka-obaigbena/


To be owed $225.8m by just one debtor o! Not to mention others, and still be standing is no mean feat! Other institutions would have collapsed teytey!

megawealth01:


Who will sign the payments? FBN battle continues

designking:
Aradel might likely hit ₦300...

Naaaaah it finally had a baseline.

Wouldn’t drop beyond where it’s at presently.

No one is saying anything about Ellah Lakes.. All so quiet about it.

creategist:

https://nairametrics.com/2025/01/09/breaking-court-freezes-225-million-in-assets-linked-to-general-hydrocarbons-and-nduka-obaigbena/


To be owed $225.8m by just one debtor o! Not to mention others, and still be standing is no mean feat! Other institutions would have collapsed teytey!

ca. ₦340bn. quite massive..
FBN strong sha..