₦airaland Forum

lionshare:
They have reportedly received 3–4 times their target, yet the offer remains open to the public—and the article is even hinting at potential listings on other African exchanges. What exactly is the plan here? Are they returning excess capital to investors, or simply collecting more money than they need? If they already have more than enough, why keep taking on more investors?

SonofElElyonRet:
https://moneycentral.com.ng/markets/article/dangote-says-refinerys-ebitda-tops-5-5-billion-signals-record-third-quarter/I

nosa2:
Let them start planning to announce their rights issue and we shall see how it goes.

SonofElElyonRet:
Might be wrong though but have a feeling dangote refinery Nigeria will hold shares in dangote refinery Kenya

pluto09:
https://www.reuters.com/business/energy/nigerias-dangote-oil-refinery-ipo-be-extended-by-10-days-executive-adviser-say-2026-10-12/

Agbalowomeri:
Dangote no need una money

He wants 10m peasants so more BVN is needed

yMcy56:
UACN is selling the stake for N8.85.
Guess smart guys are just using the news to do some quick business.

SonofElElyonRet:
My point is there won't be a flat rate max. Someone who applied for N30,000 units likely to get more than the person who applied for 20,000 units

SonofElElyonRet:
How? The more you subscribe, the more you are likely to eventually get is what I understand and what Stanbic IBTC Capital stated

HesInMe:
About this Dangote Refinery IPO sef: Does anyone have a sense about the degree of oversubscription for mid-level investors? I don't want to tie down funds in a futile effort.

HesInMe:
About this Dangote Refinery IPO sef: Does anyone have a sense about the degree of oversubscription for mid-level investors? I don't want to tie down funds in a futile effort.

HesInMe:
Guy, stop abeg. It's one thing not to understand an issue; it's another to persist in your lack of understanding. That the holders of common equity get last dibs on a business' profits and assets is such a fundamental concept in business law and practice that it is not worth a debate. It's the reason equity investors demand a higher rate of return than lenders of working capital. Rest.

oyi2:
NIDF: The Chapel Hill Denham Nigeria Infrastructure Debt Fund (“NIDF” or the “Fund”) today announced a distribution of 4.53 Naira per Unit for the third quarter ended 30 September 2026.

This is the thirty-eighth (38th) consecutive distribution to be made by the Fund.

The details of the distribution are shown below:

Qualification Date: October 21, 2026
Payment Date: October 29, 2026

Agbalowomeri:
Na Oando Dream Analysis we enter today

lawani:
Can you set up a private company and pay workers without paying shareholders? No no matter how small you will pay the share holders. Therefore for as long as the rule is not applied to public companies then the stock exchange isn't yet optimal at least not as much as private companies

lawani:
There is no company that can not pay share holders but can pay workers. No such company

presiade:
I know that’s what Milo Rambaldi would do.

Oasisblue:
I wonder what is happening to the NGX.

The current trend is eroding my confidence in the market. How can there be so many 'good-fundamentals' stocks on full-offers zero bids? Aradel, Okomu, Presco, Vitafoam, TransPower, Julius Berger, Berger Paints....

robobo:
He has a reason. The reason is that he want to corner the RI as a replacement for the shares he released as a form of repayment of Ocean and Oil (which is presently being shared to other shareholders in tranches) indebtedness to Oando. Remember the release txn was done at 90 something, so buying back same at 50 is a kill for him. So dont expect the price to go anywhere until after the RI is done and dusted.

that is one of the reason the qualifying date is already gone, even before the RI is approved by regulators (Feb 2026). Also keeping the market price below the RI price will discourage a lot of people who qualifies, which is to his own advantage. Lastly i THINK the only thing holding the RI down is maybe he has not been able to amass enough FUNDS to corner it (abt N200 billion) and i dont think this might be possible until the election is over (for obvious reason)

Selah

faoogoke:
The first half of 2026, GTCO, which happens to be Nigeria’s most consistently profitable bank and one of the most admired financial institutions on the continent, earned ₦382.9 billion from government securities. It earned ₦347.9 billion from loans. A Nigerian bank made more money from lending to the Federal Government than from lending to every business, individual, and institution in its loan book combined. This fact generated remarkably little public commentary when the results were published. It should have generated a great deal more.

samarine:
https://www.premiumtimesng.com/health/health-news/914374-nigerian-drugmaker-fidson-selected-to-manufacture-generic-influenza-antiviral-under-global-licence.html

kintus:
CMFC | CRITICAL MINERALS FINANCING CORP PLC is now open for those that want to join the train

londonerr:
Is Senegal a country? Where you had perennial head of government

Raider76:
Part of the lessons he must have learnt and is carrying forward to Kenya. That's the difference between billionaires and us. They look forward, we look back.

vacanci:
I think chimex38 has explained it the way I understand it.

When you said all those shares are going to flood the market begs for a question. The ones allotted since months ago that people have been selling nko? Where were they from?

Meanwhile their Q2 report already have those shares as part of their total outstanding shares used to calculate their earnings per shares.

I can see that you have 100% dependency on AI. It appears too much reliance on AI usage without giving the right prompts can cause analysis paralysis. Maybe if you tell AI that allotments happened months ago and people have been trading them, AI will change analysis and give you another dimension of the issue.

My own is what happened September 30 is a mere ceremony

Raider76:
Another Telecom Company Secures Licence to Operate, Set To Rival MTN, Airtel, Glo for Subscribers

https://www.legit.ng/business-economy/technology/1733780-mtn-airtel-glo-rival-telecommunications-secures-license-operate-nationwide/

londonerr:
Good. He failed in South Africa.

vacanci:
I participated in the rights issue. Got my allotment and I have sold them months ago.

What do you mean by those shares will only become tradable from September 30th. Something that I have cleaned my mouth since?

Even the public offer, many people have sold off. I suppose people were the ones that bought from them. Does that not mean trade? Since sellers have been doing their thing and buyers have equality been responding, I guess those shares have become tradable right from the day they were allotted.

I don't understand the ceremony going on

Stockpromoter:
Na you talk am oooo