I received an inheritance of almost ₦35 million in cash from my late father. My husband knew about the entire process, so when the money came, he sat me down and asked what I planned to do with it.
I told him I wanted to buy land, buy a car, register for my master's degree, and invest the rest in my business.
He became offended and asked, "So where do I come in as your husband? What do I get?"
I was genuinely confused, so I told him I didn't understand. He said I should forget about it. I continued making plans for the land and the car.
He stayed quiet and simply watched me. Then one day, he woke me up and said he didn't know I was this stupid. He said I had a husband and such a huge amount of money, yet I couldn't entrust it to him. He asked what impression I was trying to give people.
I was shocked. I asked him a simple question: "You expect me to hand over the money my father worked so hard for and left for me just because you are my husband?"
He flared up. The àŕgum£nt became so h£àted that he almost b£àt me. He told me to prepare myself for whatever happened next because he couldn't stay married to a woman who was not submissive. He said he would bring another woman into the house—one who would listen to him and respect him.
A few days later, his parents showed up at our home without informing me. In fact, I had just returned from work when I saw them waiting.
They spent hours preaching to me, insisting that I should transfer the entire inheritance to my husband. They said their family would never forgive me for such disobedience. My mother-in-law added that she had been b£gg!ng her son not to marry another woman because she believed I would eventually listen to her.
I felt extremely ùncomfortàble because it felt like an àmbùsh. I agreed with them and promised that I would transfer the money the following morning.
That evening, I carried my baby downstairs, pŕ£tend!ng I wanted to buy something. Instead, I left for a friend's house and switched off my phone.
Two days later, my mother came to my friend's house and stayed to help care for my son while I returned to work.
About a month later, I found a suitable apartment and paid for it.
I went back to my husband's house while he was at work and packed my belongings and my son's belongings. I also took every single item I had bought with my own money. That was when I realized I had purchased almost everything in the house, including our bed, kitchen appliances, television, and many other household items.
Ironically, my husband earned far more than I did, yet I was the one who spent the most. Looking back, I realized he had been freeloading off me.
I settled into my new home over the weekend. On Tuesday, while I was at work, the police came to arŕ£st me.
My boss accompanied me to the police station. My husband claimed that everything I had taken belonged to him and demanded that I prove ownership. However, he couldn't provide any evidence that the items were his.
One of my colleagues went to my office and brought my cooperative savings scheme records. Every item I bought had been purchased through my office cooperative, with every single payment deducted directly from my salary.
The following week, I served him with divorce papers.
That was when he started sending me endless messages, saying he couldn't live without me and that he had only thŕ£atened me because he wanted me to become more submissive.
We're now in court.
I'm done.
A solar inverter started smoking inside a home. It was moved outside before catching fire.
If your inverter or battery starts smoking, stay away. Lithium battery fires can explode.
NGX Market Wrap – June 24, 2026
The Nigerian stock market closed on a mixed note as investors continued to rotate capital across sectors, with selective buying in financial services and profit-taking in high-priced industrial stocks.
Market Highlights
Top Gainers
Skyway Aviation Handling Company (SKYAVN) +9.92%
International Energy Insurance (INTENEG) +9.66%
Tantalizers (TANTALI) +6.98%
Omatek Ventures (OMATEK) +5.70%
AIICO Insurance (AIICO) +5.19%
The day's gainers were largely driven by low- and mid-cap stocks as bargain hunters searched for value opportunities.
Top Losers
Geregu Power (GEREGU) -10.00%
Dangote Cement (DANGCEM) -10.00%
BUA Cement (BUACEMENT) -10.00%
Custodian Allied Insurance -9.97%
Heavy sell pressure in the industrial goods sector weighed on sentiment, with both Dangote Cement and BUA Cement hitting the maximum daily decline limit.
Most Active Stocks
Trading activity was concentrated in:
Geregu Power
First HoldCo
MTN Nigeria
Zenith Bank
GTCO
Lafarge Africa
Aradel Holdings
Dangote Sugar
Access Holdings
The strong presence of banking stocks among the most active counters suggests continued institutional and retail interest in the sector ahead of half-year earnings expectations.
Takeaways
✅ Banking stocks remained relatively resilient, with GTCO closing positive while First HoldCo also posted gains.
✅ Aradel Holdings maintained stability despite broader market volatility, indicating investors are still positioning around its dividend and long-term growth story.
✅ The sharp declines in Dangote Cement, BUA Cement, and Geregu Power significantly impacted market sentiment and likely contributed to overall weakness in the Industrial Goods segment.
✅ Insurance stocks witnessed mixed performance, with AIICO emerging among the day's strongest gainers while Custodian Allied came under heavy selling pressure.
Investor Insight
Today's session reflects a market increasingly driven by stock-specific fundamentals rather than broad-based optimism. While profit-taking continues in some high-flying names, investors are selectively accumulating quality banking, insurance, and energy stocks with strong earnings prospects.
As Q2 and half-year results season approaches, attention will likely shift from dividend narratives to earnings growth, balance sheet strength, and management execution.
Market Message: In periods of correction, smart money focuses less on daily price movements and more on accumulating fundamentally sound businesses at attractive valuations. Patience remains a valuable asset in the current market environment.
#NGX MARKET BULLETIN
Ellah Lakes Plc: Listing of 2,252,142,858 Ordinary Shares of 50 Kobo Each Arising from the Conversion of Ellah Lakes Plc’s N6,306,000,000.00 Debt to Equity at N2.80 Per Share
Trading Licence Holders are hereby notified that additional 2,252,142,858 ordinary shares of 50 Kobo each of Ellah Lakes Plc (the Company) were today, Tuesday, 23 June 2026, listed on the Daily Official List of Nigerian Exchange Limited (NGX).
The additional shares listed on NGX arose from Ellah Lakes Plc’s Conversion of N6,306,000,000.00 Debt to Equity. With this listing of the additional 2,252,142,858 ordinary shares, the total issued and fully paid-up shares of Ellah Lakes Plc has now increased from 3,858,173,678 to 6,110,316,536 ordinary shares of 50 Kobo each.
Be aware!!
Nahco down -27% from all time high.
Tip down -32% from all time high.
Uba down 27% from all time high.
Jaiz bank down -44% from all time high.
Fcmb down -24% from all time high.
Wema down -18.7% from all time high.
Stanbic down 13% from all time high
Gtco down 19% from all Time high.
Fidelity down 26% from all time high.
Accesscorp down 35% from all time high.
Firstholdco down 25% from all Time high.
“Am I The Only Nigerian Going Crazy About This? Because Tell Me, How Will NNPC GMD, Mele Kyari Embezzled Over ₦210 Trillion, Then The Oshiomhole Committee Recommend That He Be Arrested And Brought In, Dead Or Alive, Wherever He May Be, And Present An Arrest Warrant To The Senate, Yet Under The Leadership Of Godswill Akpabio, The Senate Refused To Act And Stepped Down The Committee’s Warrant?”.
The best investment you will ever make for your child costs less than your monthly data subscription.
Nigerian parents are stacking money in savings accounts for their children while inflation quietly eats every kobo.
There is a better way. It is legal. It is simple. And you can start today with as little as N1,000.
This thread shows you exactly how to open an investment account for your child in Nigeria.
How much do you need to own a piece of the largest oil refinery in Africa? 🇳🇬🔥
The price of the private placement is $0.35 per share. At ₦1,400 to the dollar that is ₦490 per share.
₦49,000,000 — 100,000 shares. You are building generational wealth.
₦490,000,000 — 1,000,000 shares. You are thinking like Otedola.
₦4,900,000,000 — 10,000,000 shares. You are the institution.
₦49,000,000,000 — 100,000,000 shares. You are the refinery.
The exact minimum entry is set by the issuing houses. Contact Vetiva Advisory Services or First Cap today.
Application closes TOMORROW. June 10, 2026.
Not financial advice. Do your own research. Contact a professional adviser before investing. 🇳🇬
SpaceX. Anthropic. OpenAI. Dangote Refinery.
Four of the most anticipated IPOs of our generation.
The early investors will make the kind of returns people talk about for decades.
Here is how you can be one of them with as little as 5,000 naira.
@Ufohandrew1 Thanks for your interest! Our mobile app is currently in development.
In the meantime, you can still sign up, trade, and manage your portfolio seamlessly via our web portal here: https://t.co/8yPsNKK35S
We look forward to bringing you the app experience soon.
Davido just announced he's about to participate in the Dangote Refinery private placement.
Offer price: $0.35 per share, which is about ₦481.25 at an exchange rate of ₦1,375/$.
Interesting times ahead. 👀
The biggest IPO in history is happening this week.
SpaceX lists Friday. $1.75 trillion valuation. Nothing has ever come close.
And it's just the start. The companies that ran the last decade are all lining up behind it:
OpenAI
Anthropic
Stripe
Databricks
Canva
Discord
Kraken
For years you couldn't touch any of these unless you were a VC. That's about to change.
And closer to home, Dangote Refinery is eyeing a September listing on the NGX.
The doors are opening. Question is who's actually watching.
I made money and put it in Nigeria banks and I was making 35% in interest until one day my daughter was asked at school what her dad does for a living and she said I sleep. That’s when I started business again
~ Femi Otedola says
How to claim your unclaimed dividends in Nigeria (official SEC process)
Step 1: Search the SEC portal
Go to the SEC Unclaimed Dividends Search Portal:
https://t.co/iP9RxV8rSi
(or https://t.co/duHDsNI8lj)
Step 2: Enter your name
Type your full name exactly as it appears on your share certificate. Try different combinations: first and last name, with and without your middle name.
Step 3: Note the Registrar
If any dividends appear, note the Registrar listed against them. That’s who holds your money.
Step 4: Download the right form
Get the e-Dividend Mandate Form for that specific Registrar here:
https://t.co/69cyidLyVM
Step 5: Fill and attach your documents
Complete the form and attach:
- A passport photograph
- A valid ID (NIN, driver’s licence, etc.)
- Your bank details
Get it verified or stamped by your bank if required.
Step 6: Submit
Send the completed form to the Registrar by email, their portal, or office, or submit it through your bank.
What happens next
Once processed, the money is paid directly into your bank account, and all future dividends come to you electronically.
One safety rule
Do this only on the official SEC site to avoid scams. Some Registrars have their own portals (Coronation, Africa Prudential, and others), but start with SEC.
If it’s for a late relative
Claiming as next of kin needs extra documents, like a letter of administration or probate.
That money is yours. Go and get it.
Common beginner fear: “If my app or broker collapses, do I lose my shares?”
Good question.
In Nigeria, your shares are not stored by the app. They sit in your name in the CSCS, the central depository.
The app is just the door you use to buy and sell. Your ownership is recorded separately.
Fear dies where understanding lives.