₦airaland Forum

megawealth01:
Stories... Why did they extend the IPO?

mactoni91:
This man is really enjoying Bola government.

Bola really made Nigeria too easy for him to milk.

chimex38:
This shows the x3 to x4 is mostly tied to Institutional or HNI.
The shareholders spread is still very thin.

#Speculation
The OS despite being 120bn units and 4bn infree float, might definitely be very scarce upon listing and beyond.
Tilting towards driving up it's share prices.

megawealth01:
You gerrit ba?

I honestly doubt if the big boiz are buying this IPO

I've been monitoring all activities around the IPO.... I notice na mainly low income earners, middle earners etc dey excited...I might be wrong sha

SonofElElyonRet:
Don't rule out the possibility of Dangote refinery Nigeria having shares in dangote refinery Kenya... Would be the patriotic thing for Dangote to do. Not necessarily majority shares

Raider76:
I rhink there should be a rule on NSEMPA that whoever makes a post like this must back it up with detailed valuation.

ghm:
This is premature.

The IPO hasn't closed. The listing hasn't happened. You're predicting a price collapse before the stock has traded a single day.

Wait for the listing. Then substantiate your claim with data—not speculation.

mallamOmonile1:
Just emphasise the more

essentialone1:
- *Jonathan era:* 50L @ N97 = N4,850 / N18,000 min wage = *27% of monthly wage* for 50L
- *Buhari era:* 50L @ N187 = N9,350 / N33,000 = *28.3%*
- *Tinubu now:* 50L @ N1,500 = N75,000 / N70,000 = *107%* - more than a full minimum wage

So in liters, minimum wage used to buy:

- Jonathan: 185 liters (18,000/97)
- Buhari: 176 liters (33,000/187)
- Tinubu: 46 liters (70,000/1,500)

That's why people feel poorer even with wage doubled. Two things changed at once:

1. *Petrol price is no longer subsidized.* Under Jonathan/Buhari, government paid the difference between landing cost (~N800-1,200 now) and pump price. That kept pump price low but cost FG N4trn/year in 2022 alone.

2. *Naira floated.* Landing cost is in dollars. When FX went from N460/$ official to N1,500+, petrol cost in naira tripled even without subsidy.

So is the economy "repaired"? On fiscal books - subsidy bill gone, FAAC up 3x, fuel imports down, FX arbitrage spread gone. On household books - transport now eats most of the wage, which is what the calculation shows.

That's the trade-off Tinubu bet on: short-term purchasing power crash for long-term fiscal reset and local refining (Dangote now at 700k bpd means import cost should fall eventually).

Whether that bet pays off depends on whether pump price falls as Dangote ramps and naira stabilizes - or whether wages catch up.

Agbalowomeri:
No it's actually Yoruba English
Only Yoruba speakers will understand

SonofElElyonRet:
I guess the PFAs, fund managers and those who bought into the private placement are all financial illiterates

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.

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

Peterlove11:
If I had known of this tactics, I would have done this with my oando shares. I bought at the top above 50naira. Now I don hook.

aj8:
Poor Sterling Bank. Still a penny stock in the minds of investors. The reverse stock split was a huge mistake. They should have just aggressively bought back their shares over the next 10 years. The next mistake they would make would be to pay a dividend of N1.00 or less. Price could well drop to N10. A clear lesson of “ You can't eat your bread and have it “.

SonofElElyonRet:
Maybe because of those from other African countries?

thesolutions:
Generator room. Somebody kept petrol near the exhaust.
Hope it didn't touch the customers service area.

GeeKudi:
Maybe not yet. Some of us just got in today

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

GeeKudi:
Whatever, bro. Shouldn’t this neutrality talk be questioned? He is not neutral because he is “ProTinubu” but when they post anti government sentiments, you giggle, comment and egg them on and you’re neutral. Isn’t this talk of neutrality an attempt to silence people? Why would you even want anyone to be neutral?

GeeKudi:
Why must you even be neutral? Like you can’t have a stake in the affairs of your own nation. Who is neutral? What’s the definition of this neutrality? Are we not equating hypocrisy and duplicity for neutrality?

Zagee:
Sterling bank- the real indicator of the real economy. Suffer head

Agbalowomeri:
"Our government"

I am neutral. I only say your criticism is not from a fair judgement

pluto09:
There are recognized standards for measuring the wealth and health of a country and not what someone said.
Nigeria GDP per capital income in 1970s was less than $300

Agbalowomeri:

pluto09:
So you believe Nigeria was rich in early 1970s because Gowon said so even when the real available data showed something contrary.

Agbalowomeri:
Oga stop demonstrating poor knowledge
Nigeria does not even own up to half of the 1.6million barrel. So the oil company dey dig out crude for free for the FG Lol
Read up how the daily crude is shared

lawani:
So Nigeria is wealthy because of a statement made by General Gowon?
Consider that some countries with one tenth of Nigeria's population have more than double Nigeria's oil production. What do you call those ones if you call Nigeria wealthy based on General Gowon's statement that was made because of oil and gas?.
A country can only become wealthy only if the government has a large revenue to GDP ratio to improve the HDI and the infrastructure. It is never because of what lies under the ground that was there millions of years ago when hunter gatherers lived on the land

pluto09:
We have been meeting our OPEC quota but still falling short of budgeted target.

SonofElElyonRet:
Hope it won't go back to starting block