₦airaland Forum

Omo naira (parallel market) dey vex this morning oo

Exclusive:

Dangote is about to drop another banger on the stock market! But this time, it's not cement or sugar. It's fertilizer. And the valuation talk is making sense for those who understand.
Let's break down the potential listing of Dangote Fertiliser.

The Main Gist: Analysts are guessing that Dangote Fertilizer could be worth between $2.5 billion and $3.5 billion when it lists on the Nigerian Exchange (NGX). This isn't just a number; it's a huge deal for Nigeria's stock market.

The "Why" is important: The initial construction cost of the plant was about $2.5 billion alone. Dangote himself has thrown out some serious numbers, talking about a potential $20 million daily revenue. A huge cashflow!

The Dollar Factor: The Naira can be volatile, so Dangote is making a smart move. He said the business is "dollarized", meaning investors can expect returns in dollars. This will surely attract foreign investors who are always concerned about value & volatility of the Naira.

Expansion on the Horizon: Dangote isn't stopping at the current plant. There are plans to triple production capacity from 3 million to 9 million metric tons. This would make it the largest fertilizer plant in the world. The ambition shows a long-term vision, not a quick cash grab.

A Big Win for Nigeria: The plant has already made Nigeria a net exporter of urea, reducing our dependence on foreign fertilizers and helping other African countries. This isn't just about money; it's about strategic importance and food security for the continent.

What this means: A listing like this would be massive for the NGX. It could add billions to the market and attract a lot of new eyes and money to the Nigerian stock market. The future is looking green for investors who get in on this.

(Source: NGN Markets)

Fidson-Ohara! A partnership set to shake up Africa's healthcare sector!

Nigerian pharma giant Fidson Healthcare just signed a major deal with Japan's Ohara Pharmaceutical Co. This is a game changer for medicine on the continent.

In the MOU, Ohara will provide strategic support, expertise, and help Fidson raise capital. This will supercharge Fidson's ability to produce specialized, high-quality drugs right here in Nigeria, ensuring self-sufficiency and affordable access to life-saving drugs for millions.

https://punchng.com/fidson-japanese-firm-partner-on-drug-production/

megawealth01:
Head of JAGABANomics off to Europe. Thanks Sir for what you did with UNITY BANK 💕

Probably going to treat that his leg again.

Streetinvestor2:
It is not sustainable because u said so.i don't get it.We will still have green tomorrow

Isn’t tomorrow public holiday?

Khallicopyro:
Which part of Lagos are you talking about? Even Iba New Site, Okwafor, Ikorodu, Ikotun, Igando and others are far more developed than your Asaba. Dey play

Lol. Have you been to Asaba? These places you mentioned are not as developed as Asaba but definitely Ikeja, Lekki, VI, Ikoyi are more developed than Asaba.

orriyomi33:
Good evening all.

What is wrong with the Meritrade app?
For the past few days, it's difficult accessing my account.

It keeps displaying "unexpected data format"

Anyone facing similar challenge? How did you resolve it!

I faced same challenge despite re-uploading then. I just ignored them after a while but I didn’t delete the app though. Just try the PNG format in a small size and then see if it works.

Kobojunkie:
Abeg waka pass me with your brain damage! 😩😩😩

Typical. When they are empty and have no logical argument, they abuse.

Dangote exports first gasoline to U.S.

Kobojunkie:
Storyland! Information channels even after your government had praised itself for achieving unification back in 2024? Una go continue spinning tales tire. 🥱😩🥱😩

So you mean immediately you acheive unification you also immediately win trust and start getting more remittances via official channels? No time lag? Is that how it works?

Kobojunkie:
Storyland! 🥱🥱🥱🥱🥱

You can do your research and prove me wrong. I would gladly learn.

Tats:
You hit the nail on the head. The real indication of growth is that this money should be reducing. How on earth do they think or analyse data?

You are funny. But when we were growing at 6% under Jonathan, remittances were also very high and not dwindling.

Dbegining:
Thank you for trying to educate me.

But, in my humble and very little knowledge, let me make something clear to you.

Nigeria has had a Balance of Payment (BOP) deficit since the 1990's

No nation on Earth has ever used income from diaspora (Current Account) to flip the position of it's BOP. It has never happened and it won't happen with Nigeria. So, the talk of inflation will come down and rhe value of Naira will improve won't happen based on increase in remittance from diaspora.

You know why? Cause only a producing economy can bring about that. A industrialized country - a category which Nigeria currently doesn't fall into.

You said it's a long walk. I disagree. It's an impossible walk.

“In 2024, Nigeria recorded a Balance of Payments (BoP) surplus, marking a significant shift from the previous years of deficits”.

Kobojunkie:
Only $600 million a month at this point in time? Yikes! Nigerians in diaspora no dey too send money home again abi wetin? At this rate, the county will fall far short of previous high of about $17 billion a year from the diaspora.😐😐😐😐

I think this is the highest that has ever passed through Banks and official channels. Most of the previous 17 Billion USD didn’t pass through official channels but were concentrated in the black market and largely unaccounted for. I don’t think we ever got over $400 million in a single month prior to this.

vaxx:
Absolutely it is not nice, Ghana is a miniature 🐜 when it comes to global supply of crude, Nigeria is in top 7 . So I still don't understand why Nigeria will outsource her crude from GH

So the way it works is, Dangote takes your crude, refines and then supply you. What has been taken from Ghana is very little. Out of the 9 ship supplies, 6 were from Nigeria, 2 from USA and 1 from Ghana so I don’t see the problem here.

Nigeria is trying to boost production from 1.5 million bpd of crude oil (without condensates) to our usual and historical 2 million bpd (which we lost since 2020 (COVID)). But that may start happening on a a consistent basis in 2026 and 2027 because the OPEC quarter limits us to 1.5 million bpd. Dangote took majority of his crude from Nigeria in August as usual but he can’t solely rely on Nigeria’s crude for now.

Pls Nigeria is not any giant in global crude oil supply at the moment. We produce just 1.5 million bpd of crude oil (without condensates). Given the fact that our foreign exchange and budget calculation is largely dependent on this 1.5 million bpd for a population of approximately 200 million people, you see that we cannot yet be called a global oil giant.

Nigeria is not even in the top ten 🔟 in the world.

vaxx:
Interesting 🤔. So Ghana is supplying Nigeria crude oil.

Nice one.

Zagee:
Emerging markets are eating big. Notice the shift. BTW, what does Venezuela has that Nigeria should not be pulling those figures instead? 🤔

Nothing special in the case of Venezuela. Just an hedge against over 200% currency devaluation in 2025 and high inflation

12 best performing stock markets in the world 2025.

If foreign investors dominate the market, this Dangote news for be heavy sell today. Na why I dey fear foreign investors most times 🤣

Smartguyboy:
Not less than 24 hours

Cool, let me wait till tomorrow. Thanks.

Smartguyboy:
Mine been working

Thanks. Mine just worked now although they are yet to validate my bank account. I sent the 50 naira transfer to them already. Please how long would it take them to complete that process?
Their registration is so seamless compared to traditional brokers like Morgan Capital.

Omoawoke:
Can we check the top African countries with the highest number of black millionaires?

But who them help?? Who African millionaires or billionaires help?

33000 black millionaires in South Africa followed by 7200 black millionaires in Nigeria.

Kenyans what would you guys do about the passport bros flooding your country including J Rello? 🤣🤣

Smartguyboy:
I have 100k to waste which share is best to buy now .
I am using Cowrywise for now please need someone to put my through how this dividend work.

My Cowrywise still doesn’t work. They told me NGX is not yet active there when I tried to also open it.

https://nairametrics.com/2025/08/29/gtco-injects-n365-85-billion-into-gtbank-to-meet-cbns-recapitalisation-mandate/

“Through this capital injection, the share capital of GTBank has been increased from N138.186 billion to N504.037 billion and ensures the bank’s compliance with the new minimum capital requirement for commercial banks with international authorisation stipulated by the Central Bank of Nigeria,” the statement read.

pluto09:
I also share the opinion that the higher participation of local investors compare to foreign investors will reduce the rate of crash if at all there will be any.
This doesn't in anyway imply that the bear will not come as a normal cycle in stock markets.

Local investors keep the market stable and makes me very confident in the market.
With foreign investors, when they get political news they don’t understand fully, they run away immediately and they crash the market heavily. Local investors know the context of the news better for the most part. Take for example the VDM & GTB Bank issue some months ago.
So I always prefer to have the market dominated by local investors (60%). The only downside is that it makes the stocks way cheaper than they would have been. Foreign investors bring in the much needed liquidity.

Nigeria still hovering around 4th in 2025 despite devaluation from 460 to 1530 naira/$

Top 15 countries by number of dollar millionaires (bottom up):

15. Uganda: 1,600
14. Botswana: 1,700
13. Cote d'Ivoire: 2,000
12. Tanzania: 2,100
11. Angola: 2,300
10. Ethiopia: 2,400
9. Namibia: 2,500
8. Ghana: 2,600
7. Algeria: 2,700
6. Mauritius: 4,800
5. Kenya: 6,800
4. Nigeria: 7,200
3. Morocco: 7,500
2. Egypt: 14,800
1. South Africa: 41,100

mikeapollo:
Okay, thanks.
Let's wait and I see.
I have someone who earns around that amount and I don't want the person to start giving me excuses about taxes from Jan 2026.

Okay, if we assume all else being equal, and assuming just a gross of 24 million naira yearly (only), your friend would only pay 10,000 naira more monthly in tax.

mikeapollo:
Thanks.
Let's wait and I see.

Okay I see you meant monthly. But people earning 2 million monthly are rich folks though and the increase in tax is not that high from what I see.

pluto09:
He is talking about 2m per month and not per annum

Lol. How many folks earn 2 million monthly in Nigeria?🤣.

mikeapollo:
But there is still a lot of so called ''high earners'' who will be paying more tax without any additional benefits.
The N2m monthly salary threshold for ''high earners'' is ridiculous. It should start from around N5m monthly.

Someone earning N2m today is not better than someone earning N700k in 2015 but he will be paying higher taxes

If you earn 2 million naira, you pay less than you are paying now under the new law. Except we are both talking about something different.