₦airaland Forum

Ding!

We dey gidigba

SonofElElyonRet:
Dangote Fertilizer IPO for 2028
-Nairametrics

You beat me to this...

pluto09:
https://www.businesstimes.com.sg/international/vietnam-stocks-slip-first-day-ftse-emerging-market-benchmarks

i

IPO is 3.3% but he already sold a sizable % via PP

Check Pg 157 of the Prospectus

Also explained here:
https://nairametrics.com/2026/09/09/dangote-to-retain-84-34-control-of-refinery-after-planned-n2-15-trillion-ipo-prospectus-shows/

jaxxy:
Im not sure. Any links?

16%

jaxxy:
Ur points 1 and 2 are contradictory abit. U say oil is being phased out in china and Europe even thos we know china is still rushing to buy irans oil despite sanctions.

But the in ur 2nd point u say Nigerians will make money cos Oil prices will predictably go up due to wars.

If Nigerians are going to make money then what is the problem??

The truth is there is no olodo uprising in buying dangote shares. Its a secure and profitable share. The Olodo uprising will be in how u utilise the shares long or short term..

Mind u dangote didnt sell his whole refinery. He only sold a meager 3% stake of his refinery

Try this:

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

deathwing:
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.

ARADEL. -1.29%
CONOIL. ±
ETERNA. ±
OandO. +4.85%
SEPLAT. ±

Is this also empowerment or a subtle way of rewarding a select set of people?

I'm just trying to understand the rationale behind the 'gesture'

Raider76:
Aiyedatiwa to buy Dangote shares for 500 Ondo entrepreneurs

https://tribuneonlineng.com/aiyedatiwa-to-buy-dangote-shares-for-500-ondo-entrepreneurs/

They are already here...

essentialone1:
Those FTSE people. It seems where they are coming from is very far away.

All their indexed stocks price still dey stagnant.

Abi traffic hold their flights for air?

NASCON +10.00%

Ding!!!

BBM is [fully] back!

BullBearMkt:
I support your view on possible bullish week for insurance also

FTSE

Nigeria got upgraded/reclassified to Frontier Market
Vietnam got upgraded/reclassified to Secondary Emerging Market

FTSE

Here is the in-house weightings of the 6 NGX-listed stocks admitted to the FTSE Frontier 50 Index based on investable market capitalization

GTCO (23.45%)
MTNN (23.11%)
ARADEL (21.99%)
ZENITH (19.28%)
FIRSTHOLDCO (7.41%)
DANGCEM (4.75%)

These percentages simply show the % of funds to be allocated to each equity. e.g. for every $100m to be invested in NGX 'big 6', ARADEL gets ~$23.45m while DANGCEM gets $4.75

DANGCEM has a smaller weight because of the low free float which translates to smaller investable market capitalization...

KarlTom:
FTSE

The requirements for upgrade from Frontier market to Secondary Emerging market status is not far away.
I think NGX only needs to work on attaining the first three (3) criteria ..

- minimum investable market capitalization and securities count requirement,
- a World Bank Gross National Income (GNI) per capita rating of at least ‘Lower Middle’ based on the Atlas method
- a Credit Worthiness rating no lower than a ‘Speculative’ grade
- Sufficient brokerage competition to ensure high-quality broker services
- Transaction costs - implicit and explicit costs to be reasonable and competitive
- Central Securities Depositary
- Custody-Sufficient competition to ensure high-quality custodian services

https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2621888
https://www.lseg.com/content/dam/ftse-russell/en_us/documents/country-classification/ftse-equity-country-classification-paper.pdf

FTSE

The requirements for upgrade from Frontier market to Secondary Emerging market status is not far away.
I think NGX only needs to work on attaining the first three (3) criteria ..

- minimum investable market capitalization and securities count requirement,
- a World Bank Gross National Income (GNI) per capita rating of at least ‘Lower Middle’ based on the Atlas method
- a Credit Worthiness rating no lower than a ‘Speculative’ grade
- Sufficient brokerage competition to ensure high-quality broker services
- Transaction costs - implicit and explicit costs to be reasonable and competitive
- Central Securities Depositary
- Custody-Sufficient competition to ensure high-quality custodian services

https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2621888
https://www.lseg.com/content/dam/ftse-russell/en_us/documents/country-classification/ftse-equity-country-classification-paper.pdf

Chants, Hymns and Spiritual songs...

Agbalowomeri:
You have turned this your chants to bigotry

Nna ehn, this weekend will be looong...

ARADEL. ±
CONOIL. ±
ETERNA. +1.45%
OandO. +0.44%
SEPLAT. ±

It's general

awesomeJ:
Are you guys still getting trade feeds from the market? Mine's been off for about 20 minutes now.

We can continue this debate till eternity. However, we should NOT assume/think/believe that Nigeria and China are in same category.

Several metrics put the Chinese light years ahead of us. Chief of which is they are a producing country.

Nigeria, and by extension Nigerians, are comfortable being a consumer and this puts us at the bottom of the food chain where we are subject to being manipulated and bullied.

The Chinese did not get here by mistake, they evolved...painstakingly.

So, we (Nigeria and Nigerians) need to reorientate ourselves and set our priorities right before we can be qualified to have a seat on this table...

We can actually compare. what we should NOT do is assume/think/believe that we are in same category.

mikeapollo:
We should stop comparing the Chinese with Nigerian traders.
The Chinese govt makes it possible for Chinese traders to have access to credit at very cheap rates. The factories in China are also producing in excess so they need to push their products to other countries. So the Chinese trader has access to good trade terms from both their manufacturers, banks and support from their govt.

The Nigerian trader, on the other hand, has no such support. Bank interest rate is about 30% or more. So his goods become relatively more expensive compared to the Chinese trader.

So those on opposite sides of the debate all have good points.

But one of my issues here is the hypocrisy of some Nigerians and Nigerian traders. Here we are, wanting the Chinese to leave the retail business for us. But many Nigerians have also flooded the retail sector of many African and foreign markets.
So do unto others as you expect to be done unto you. If you drive the Chinese away, dont complain when other countries also drive Nigerian traders away from their markets as well.

Wow!

megawealth01:
Not everyone is a TRIBAL BIGOT 😘

Who uses criminally-minded brokers

Bishopking:
Has anyone observed that some criminally minded stock brokers are now opening underground accounts for clients without clients' knowledge Some colleagues have complained

Ding!

In addition,

https://nairametrics.com/2026/09/17/aradel-seplat-oando-build-n2-86-trillion-cash-war-chest-for-post-acquisition-growth/

essentialone1:
*H1 2026 production tie:*

- *Aradel:* 139,500 boepd average
- *Seplat:* 139,509 boepd average.

Difference: 9 boepd. Essentially dead heat.

*The jump:*

Aradel H1 2025 was 22,400 boepd, so H1 2026 is +523%. That is a 6.2x.

Driver: Consolidation of ND Western Limited and Renaissance Africa Energy into Aradel's books, plus gas going from 41.2 mmscf/d to 503.2 mmscf/d on better pipeline availability.

Crude alone: 15.5 kbopd → 55.6 kbopd (+258%).

*Capex:*

Aradel spent $217m in H1 2026 on its expanded portfolio vs a much smaller base last year, while Oando spent N81.4bn (up from N48.3bn) on its own NAOC acquisition. Seplat guided $360 to 440m full year capex, only $109.8m spent in H1, so heavy H2 coming.

Result: Aradel revenue 577% to N2.49trn, EBITDA 688% to N1.39trn, but PAT only +30% to N191bn because tax jumped to N561.7bn.

Seplat in same window did N2.5trn revenue and declared a special dividend — total 68.3c per share expected for 2026.

Indigenous players just lapped the IOCs in one year.

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -0.44%
SEPLAT. ±

MARKET BULLETIN 17 September 2026
NGXREG/IRD/MB103/26/9/17

Abbey Bank Plc: Listing of Abbey Bank Plc's Private Placement of 26,562,647,265 Ordinary Shares of 50 Kobo Each at ₦2.43 Per Share. Trading License Holders and the investing public are hereby notified that additional 26,562,647,265 ordinary shares of 50 Kobo each of Abbey Bank Plc (the Bank) were today, Thursday, 17 September 2026, listed on the Daily Official List of Nigerian Exchange Limited (NGX). The additional shares listed on NGX arose from the Bank's Private Placement of 26,562,647,265 ordinary shares of 50 Kobo each at ₦2.43 per share.
With the listing of the additional shares, the total issued and fully paid-up share capital of Abbey Bank Plc have now increased from 10,153,846,154 to 36,716,493,419 ordinary shares of 50 Kobo each.

This is for your information please.

Godstime Iwenekhai
Head, Issuer Regulation Department

MARKET BULLETIN 17 September 2026
NGXREG/IRD/MB102/26/9/17

Critical Minerals Financing Corporation Plc: Listing of 1,068,980,259 Ordinary Shares of 50 Kobo Each at ₦1.69 Per Share Arising from the Conversion of N1,806,576,637 Debt to Equity.
Trading License Holders and the investing public are hereby notified that additional 1,068,980,259 ordinary shares of 50 Kobo each of Critical Minerals Financing Corporation Plc (the Company) were today, Thursday, 17 September 2026, listed on the Daily Official List of Nigerian Exchange Limited (NGX). The additional shares listed on NGX arose from the Company's Conversion of ₦1,806,576,637 Debt to Equity at ₦1.69 per share.
With this listing of the additional 1,068,980,259 ordinary shares, the total issued and fully paid-up share capital of Critical Minerals Financing Corporation Plc has now increased from 1,500,660,000 to 2,569,640,259 ordinary shares of 50 Kobo each.

This is for your information, please.

Godstime Iwenekhai
Head, Issuer Regulation Department

Out of OS of 12bn+ shares, Mr Wale and Mr Boyo (8bn+ units) already voted FOR.

Who will waste time voting...

OandO AGM
Mr Wale just reiterated this:

"We will resume dividend payment next year with a minimum target of 5% [averaging 10% as we proceed] on the share price of the day..."

BabsO2:
On Dividends. Does he mean to start paying 2027 based on audited 2026 or based on Audited 2027 to be paid in 2028.
The finance guy just said a 5% yield is targeted for Dividend Payments.