₦airaland Forum

You want them to ignore it?
That means the revaluation will be free...

SonofElElyonRet:
Why calculate based on expansion not yet carried out?

The expansion was also considered in both valuations. Q3 results changed the narrative.

Although I think the revised SP should be about ₦671 based on a post-IPO of 125.48bn OS.
Their calculations used 120.13bn units...

mikeapollo:
Tlhese analysts could mislead some investors
The refinery will ne expanded to 1.4m barrels in about 3 years. That should be the basis of any caluation

From ₦619.47 per share to ₦700.41 per share.

That's a total implied equity value of $63 billion...

Every mallam to his kettle

SonofElElyonRet:
Source: Nairametrics
Renaissance Capital Africa (RCA) has raised its valuation of Dangote Petroleum Refinery and Petrochemicals FZE to N700.41 per share, representing a 33.4% premium to the N525 IPO offer price.

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. ±
SEPLAT. ±

I believe that we are seeing more disclosure because the IPO is drawing closer...

https://businessday.ng/news/article/nnpc-advances-ipo-plans-moves-to-close-governance-gaps/

Raider76:
I will believe NNPCL's numbers the day I start believing Oando"s.

Again?

The last time you mentioned this, it didn't move o

essentialone1:
Regency Alliance Insurance Plc heading to Full Bid...

NNPCL

Profit After Tax Surges 54.5% from ₦279 billion to ₦431 Billion in August 2026
Revenue of ₦3.74tr as against ₦3.09tr recorded in July 2026.
19.89% increase in cumulative statutory payments from ₦7.91tr for January to July to ₦9.49tr for January to August.

More here: https://nnpcgroup.com/insights/nnpc-limited-monthly-report-summary-august-2026

Ding!!!

80% is mouth-watering

SonofElElyonRet:
Make dem quick do IPO

Probably paid to FG

Druss:
Dividend to whom? Also is that chap there to prevent someone from falling over...

NNPCL

Is this 80% of PAT paid as dividend

You posted this at exactly 3:33

presiade:
BTW it’s page 11111 of the thread.

ARADEL. +7.14%
CONOIL. ±
ETERNA. ±
OandO. +1.16%
SEPLAT. ±

Ding!

ARADEL. +1.67%
CONOIL. ±
ETERNA. ±
OandO. -1.29%
SEPLAT. ±

@ the bolded
I think it's now 3months and 6months respectively

essentialone1:
In Nigeria:

- *Inactive:* No customer-initiated transaction (withdrawal, transfer, deposit, USSD, app) for *6 months*. The bank will send you that warning text.
- *Dormant:* No activity for *12 months*. Then restrictions kick in — you can't withdraw or transfer until you reactivate. CBN then moves balances after 10 years to unclaimed funds, but that's far away.

Banks count only transactions YOU do, not charges or interest.

*How to reactivate now (pick one):*

1. *Do a transaction today:* Transfer N100 from GTB app to another bank, or use *737#, or deposit cash. That alone often flips it back from inactive.
2. *If it already says dormant:* Go to app > Account > Reactivate, or visit any GTB branch with valid ID + BVN. No fee.
3. For full dormancy over 12 months, GTB will ask for ID and to fill a dormancy reactivation form — usually same day.

To avoid next time, set a small monthly auto-transfer of N500 to your other account.

Ding

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +4.01%
SEPLAT. ±

You want to do jangolova OR Bet9ja on NGX?

Smile4mee01:
Hi Fellow Investors,

Please i am interested in swing trading on the NGX and i am looking
for any recommendations for

1. Stockbroker to use
2. The best research teams that give near accurate and precise decision on what stocks to swing.

Thanks

This fellow is one of the cheapest to buy in the political/activism/SM space...

Take him [and his words] with a pinch of salt

megawealth01:
Fear dey catch me...

DPRP

IPO Timeline:
• The offering runs from September 14 to October 27, 2026.
• Basis of Allotment draft and SEC approval expected around November 17, 2026
• Allotments to investors expected from November 18, 2026.
• Refund of excess funds to investors: 22 November 2026
• Trading on the Nigerian Securities Exchange (NGX) is targeted to begin in early December 2026 (about 15 business days after the allotment date).

Ding!

Your link is taking me where I don't know o
https://moneycentral.com.ng/markets/article/dangote-says-refinerys-ebitda-tops-5-5-billion-signals-record-third-quarter/

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

Read somewhere that the offer is already 3x oversubscribed...

https://punchng.com/dangote-refinery-ipo-attracts-fourfold-subscriptions-offer-extended/

STOPEET!

SonofElElyonRet:
Prophet Otuocha is viewing this thread as I type but has chosen to be silent. Wale don silence am
@Karltom

Is this a ploy to discourage investors?

Anyway, you are at liberty to air your opinion

STNWAUME:
This shows that Dangote package fra_ud for Nigerians by the time the 125billions Units of Dangote Refinery is listed.

Now watch how their Share-price will systematically drop down to #100.

Translating this to Yoruba makes it very funny

ayobama1:
The reasonable thing for retail investors is to consult with their feet and manage the haircut before it becomes a bloodbath

...

megamart247:
DANGOTE Refinery doesn't worth more than #200.

Meanwhile OANDO doesn't worth more than #10

Nigerians will learn a new thing

As it should be

SonofElElyonRet:
Omo Holy Spirit dey control my medulla oblongata.. and I didn't even read the story yet I got it spot on

Stopeeet!

SonofElElyonRet:

Market should have a defined trajectory from tomorrow...

KarlTom:
The selloff is ON!

ARADEL. ±
CONOIL. ±
ETERNA. +0.12%
OandO. -7.55%
SEPLAT. ±