₦airaland Forum

Thanks! it worked.

KarlTom:
Try this:

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site

This page on the ngx website has not opened for me in about a month, despite all the general complaints from people on X. Very useless infrastructure.

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/ACCESS_HOLDINGS_PLC_-_EUROBONDS_REDEMPTION_21SEPT26.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/47926_DANGOTE_CEMENT_PLC-CAPITAL_MARKETS_DAY_PRESENTATION_CORPORATE_ACTIONS_SEPTEMBER_2026.pdf

Bruh the thing tire me. I just dey skip pages .

Qadaffi2idiamin:
I wonder when a stock update thread became a glancing ground for Chinese taking over Nigerian retail market thread.

There are so many educated illiterates parading degrees they can't defend in Nigeria.

See how you are passionate about a mere candidate whose life is an open book, but not about a sitting president with no verifiable job or source of income before politics. Nice one.

GeeKudi:
and what has come out of the 'go and verify'? The real time commentators during his 8 years administration? The people who took over from him are beginning to open his books to the public - the go and verify. abeggiii

Bruh, is the current speaker reading from ChatGPT? Why is he giving us advantages of a virtual meeting? What is happening? Is this a real meeting? Very cringe.

Then he shouldn't prevent them from opening his documents in court na. What is he now hiding? Na person mouth you wan dry believe for politics. A particular candidate is fond of saying ' Go and Verigy'...why can't a sitting president say such? Please tell yourself the truth and stop sounding weird.

SonofElElyonRet:
He said someone paid it into his account and that the funds aren't his own (i stand to be corrected). I'm not saying he's guilty, I'm not saying he's innocent.. I'm saying you can't prove a darn thing.. so where does that leave his opponents? Empty handed.. Atiku just wasting money. All that'll be achieved is some embarrassment here and there

This is the first time I'm listening to an AGM. Is this how the people asking questions usually appreciate thank and commend them for minutes before asking questions? Na wa o.


Also, I don't want to fight but these people asking questions sound like they were planted to come and kiss ass and make the company feel good. Who are they reciting all these ones for? God forbid bad thing

Lmao abeg where link?

Edit: Found on YouTube

Ibusho:
The guys asking questions dey roast them like hell, omo those guys needs to resign

Duopoly, good margins, debt free, better airport infrastructure will improve their business etc...and seen a heavy correction

ghm:
Why?

Just started buying NAHCO

ghm:
I have subscribed to the Dangote Refinery (DR) IPO – so that I can remove myself from the pros and cons noise as quickly as possible.

Now:

Are there opportunities (outside DR) in the market currently? Any catalysts on the horizon?

Any specific strategy to prepare for FTSE Frontier inclusion on the 21st?

Bovis:
Wrong assumption sir Emma, the IPO is fairly priced based on the stock earnings and strong fundamentals. Notably, the DR has also changed the game dynamics forever in Nigeria

Anyone still loading Seplat?

Seplat breaking records on the LSE.

I think people believe any Gold they mine is free money that will be distributed to shareholders as dividend, without any expenses attached. That's why there is an expectation of capital gains simply because a company will start doing the thing it's named after

Streetinvestor2:
No vex oh.Has japaul shown the public of any quentity even if it is 1 gram it has successfully extracted from the ground
If yes pls post the link or evidence.and at what extraction field. Not gold extracted by locals displayed on table for pictures.

What was the point of Dangote talking with regulators from SA, Kenya and other African countries? Does he really intend to list some of his shares on other exchanges and reduce his stake?

That's a poor return. Price of yam has done 400% in 5 years. Dollar rate has devalued by 900% in 13 years.

megawealth01:
Former Dangote IPOs have done 380%+ in 20 Years, Question is can you wait?

Abeg how can one see cscs books since it's listed on the NASD? How does one even see the NASD?

handsomebolanle:
Yeah.
VFDgroup owns 5%stake of NGXgroup and 5% stake of CSCS

VFDgroup total asset should cross over 600billion for FY2026

Those of us who are paying school fees, sending transport money to our own age mates who are earning 500k per month while also helping out on rent for others and consoling yet others for lost opportunities and jobs are just looking and smiling

ghm:
Apart from the security issues—which are obvious and undeniable—this is why I question the "Ebi n pawa" talk. It feels like political noise.

Look at the facts: an ordinary fake CBX took ₦178B from the public. Massive capital-intensive projects are going on in every part of the country—by churches, companies, organisations. The FG is disbursing trillions to states. The First Lady is giving out billions from time to time.

All that money is going into circulation. Money leaves traces and rubs off on people.

But circulation is not distribution. That's the real issue.

What?? Elephant ke?

Stockpromoter:
That was 18-20 years ago experience observing now.Your head is there.

Nna eeh!.We are old in this business ooo.
After the listing of Dangote,Janet will start to call.
Some of the newbies will think it's a stock market bubble without knowing Janet has come.

Did you remember how Ndi okereke promoted Transcorp in those days?
[b]Did you remember how First bank took a very big elephant to the streets of Lagos in those days?
[/b]Did you remember how cars were promised to run on water and without fuel by Bank PHB then?

A cripple man saw the humidity in the atmosphere and started crawling looking for shelter before the rain starts.
The cloud is becoming dark

Raider76:
People who post and say "this is not financial advise" are doing more harm than they probably intended. Why not just keep it to yourself.

The thing really pisses me off. Someone will write a treatise and say NFA. Who asked for your opinion? Why not keep it to yourself?

That's why it's taking years while they clean up with mess with corporate governance and audited accounts from the Big 4 (as well as prominent Nigerian firms). They have kuru done some unbundling. It will also be worth far more than Dangote refinery, so Institutional investors will go heavy on it.

mikeapollo:
The NNPC listing can cause a lot of disruptions because of govt influence and control,
A company with so much controversies, allegations of corruption, fraud, unaccounted subsidies etc. listing on the bourse may end up corrupting the NGX as regulators may find it difficult to strictly apply the rules to them.
They also have to clarify which segment of their business they are listing e.g. upstream or downstream(filling stations, lubricants etc).
The upstream is the cash cow for govt. budget finance, so it is not likely to be listed.

Aradel is becoming a gas giant. I believe that’s where the massive returns and the rerating will come from, not the tasere 3k barrels they’ll be refining.

essentialone1:
*Aradel Holdings’ 3,000 BOPD gasoline unit*:

*Project Snapshot*

*Unit*: 3,000 barrels per day gasoline production
*Site*: Ogbele Refinery, Eastern Nigeria.
*Total Refinery Capacity*: 11,000 BOPD
*Strategic Position*: Will be the _only_ operating domestic gasoline source outside of Dangote Refinery once live.
*Timeline*: Commissioning target *H1 2027*.
*Construction Status*: Mechanical completion achieved *mid-2025*.

*Why This Matters*

1. *Supply gap play*: Nigeria still imports ∼80% of gasoline. A domestic 3,000 BOPD unit reduces FX pressure and captures refining margins locally.
2. *First-mover outside Dangote*: No other private refiner currently has operational PMS output. That gives Aradel pricing power in the southeast/south-south region.
3. *Margin upside*: Gasoline typically earns higher margins than diesel/AGO. If Aradel can sell at deregulated prices, this shifts their product mix toward higher-value output.

*Key Risks / Delays to Watch*
1. *Expertise deficit*: Specialized chemical commissioning engineers are scarce globally. This is the #1 reason for the 2-year gap between mechanical completion and commissioning.
2. *Feedstock logistics*: Sourcing sweet naphtha + hydrogen reliably. Any disruption here delays ramp-up.
3. *Power reliability*: Upgrades ongoing. Refineries can’t run intermittently - power stability is critical for H1 2027 target.

*What to Monitor Between Now and 2027*
- *Q4 2025 - Q2 2026*: Hiring/contracting of commissioning team. Announcements here de-risk timeline
- *Feedstock contracts*: Any long-term naphtha/hydrogen supply deals signed
- *Power infrastructure*: Completion of facility power upgrades
- *Policy*: PMS subsidy removal remains. If policy reverses, refinery margins compress

With Aradel currently at N1,413.00, this is the main 2026/2027 catalyst.
If commissioning slips past H1 2027, sentiment will likely stay soft.
If they hit H1 2027 and ramp to 3,000 BOPD smoothly, it’s a re-rating event because earnings shift from crude sales to refined products.

I no go mind sha. I get small change for Aradel tomorrow even at this price. Any which way na way.

Ocallen:
Is Aradel coming home? Circa #1200.

Seplat is not letting up. Someone must know something.

Aradel don finally vomit

Next year, I hear. Na that one I fit save for

iskalamong:
In addition, their fertiliser company/subsidiary will likely list on the NGX in the foreseeable future.

This will further increase their dominance on the lagos bourse.

Iskalamong!

.

.

I get but it's called a market for a reason. If a new entrant causes others to dip, then that new entrant is dimmed worthy of the risk and the price that the 'market' has put on it. The investors are losing to other investors, na part of risk be that. If investors want safe returns, there is T-bills and Money Market Fund. Not been doing this investing thing for too long but this cuddling you keep implying is not how normal markets work

yMcy56:
Their primary duty is to protect investors, so there's the need to always call them to sit up.

Do you know how much investors have lost in the last 2-3 days?

What you should know is that if that continues, it will not only affect NGX but will affect the country as a whole.

We're still trying to woo more investors, negativity can cause severe damage for both existing and new entrants if left unattended to.

Haba, why are you usually so panicky? What do you want the regulators to do about it? You seem to like frequent regulator interference in the markets. If na so, nobody go invest o.

yMcy56:
Just checking through today's price list...
- Today's trade wasn't encouraging at all
- Market is not receiving this news in good fate.
- The regulators should have thought DANGREF through because of the nature of industry it belongs.

Maybe circuit breaker needs be triggered at some point now......because some big companies are gradually joining the list of already affected stocks.....
* By the time AIRTEL, NESTLE and SEPLAT join, NGX will know there's fire on their mountain.....
* Hope something drastic is done btw tomorrow and the next....

Was thinking about this while outside this evening. The NGX will have to start begging mega-companies to list in order to dilute Dangote else we are in for a long thing as far as the official index is concerned

ghm:
My own concern about the Dangote Refinery listing on NGX

Assuming full subscription at the IPO price (ignoring any price appreciation or depreciation), Dangote Refinery will account for approximately 40% of the entire NGX market capitalisation. when it is finally listed.

A 40% weighting transforms the NGX from a diversified exchange into what is effectively a "Dangote Refinery Exchange." This creates an unprecedented situation where the performance of a single company defines the financial health of the nation's entire stock market.

That level of concentration is extremely vulnerable – and risky for every investor.

What are your thoughts on this and what do you suggest we should do as investors in preparation for this?

The entity Is known as Dangote Petroleum Refinery and Petrochemicals FZE

ayobama1:
Please what exactly is Dangote bringing to the market, is it just the Dangote Refinery or Dangote Refinery and Petrochemical Company 🤔

Been selling off a position to accumulate more GTCO/MTN/TIP since Monday but my position just entered loss today after I managed to offload only about 70%. Trying to decide if I should just let go of everything like that since I see more upside in the aforementioned stocks

mikeapollo:
The massive fall in prices at this time is adding to potential investors' frustration with Dangote's refinery IPO.
A lot of investors had probably planned to sell some of their shares to buy the IPO. But with this intense price losses, it becomes like a double whammy - selling at a loss (or reduced price) and buying at an expensive price