Foreign Affairs › Re: Israel Provided Saudi Arabia With Intel. Assistance As Houthi Attacks Saudi by mikeapollo: 11:15am On Sep 15 |
madridguy: Saudi Arabia should put their faith in Allah and follow Islam. In Islam, we must live in peace with our neighbors.
The same Israel has to beg the entire world to help them against the Ansarallah ( Houthis ) few months ago. How you people could tell lies so effortlessly is amazing! Incredible! Your hate toward Israelis and Jews is deep and toxic. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:06am On Sep 15 |
ppogba: Ngige knelt down inside Okija shrine.
Ngige knelt down before Andy.
Umoh Eno knelt down before the former Governor in a stadium in the full glare of all.
Check the internet. Make una leave person wey dey hustle for his daily bread alone.
He may not know about shares, stocks and other investment. Let us cut him some slack.  Instinct for survival and relevance |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:48am On Sep 15*. Modified: 11:06am On Sep 15 |
emmanuelewumi: As a matter of fact the stock price of Seplat was either flat or dipped for the first 4 years when it was listed.
Yours truly bought Seplat for N300 instead of the IPO price of N576, some investors were even lucky to get it cheaper.
If this happened with a stock with a total outstanding shares of 600 million, I can't imagine what will happen with a stock with over 124 billion outstanding shares The appetite of the stock market in 2014 was different from what obtains in 2026. In 2014, a lot of people had not recovered from the 2008-2010 global financial crisis. Most investors and even companies ''shied away'' from stock market. Only a few people, like you, still managed to be active. So Seplat could be described as being 'bold'' to even try a PO in 2014. The story is no longer the same as the market seems to have recovered substantially from the 2008-2010 crisis. The appetite has gone up again If Dangote had tried this refinery PO in 2014, it could have been under-subscribed and probably failed. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:27am On Sep 15 |
megawealth01: As seen on the internet This your ''as seen on the internet'' nowadays, e get as be oooo.  Either you dey do sarcasm or you dey run for cover or you dey laugh us for this country! |
Business › Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by mikeapollo: 9:16am On Sep 15 |
Sheuns: The Chinese should be restricted to factory establishments only in Nigeria.
You can’t just allow them come to start doing retails and clearing out competitors that don’t have as deep pockets as them.
Na so una do take kill SMEs all in the name of looking for Foreign investments. You see, this is the same reason that some Ghana market unions raised against Nigerians trading in some retail markets in Ghana. But some Nigerians said it is because of ''jealousy'' and ''hatred'' |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:05am On Sep 15 |
megawealth01: As seen on the internet
MTN Nigeria my lawyers will be sending a letter to your office I will want a well detailed explanation as to why my private number was used for dangote IPO advert without my consent,my number which is linked to my NIN was used without my consent and I will not take this likely…I will need explanations and if your explanation don’t make sense to me we will meet in court 2:the whole dangote IPO thing looks like a Ponzi scheme to me,if aliko dangote cares about Nigerians to the point where he wants to sell shares of his refinery for as low as 5000 naira plus then he should just bring down the price of CEMENT,PETROLEUM PRODUCTS,RICE,SUGAR, the price crash of this will make life easier for everyone,ANYWAYS @mtn get ready
© VeryDa4kM*n (VDM) The only thing that makes sense is the decision to sue MTN for the unauthorized use of his phone number for an advert. That action by MTN (or whoever did) is reckless! |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 6:29pm On Sep 14 |
deathwing: 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? He plans to build a refinery in Kenya, and he wants to attract investors across Africa for both refineries |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 6:10pm On Sep 14 |
megawealth01: Former Dangote IPOs have done 380%+ in 20 Years, Question is can you wait? Dangote Flour, Cement and Sugar? All in Oligopolistic sectors. And is demand for those products fairly elastic or inelastic? Refinery is a monopoly; demand is relatively inelastic. The economy relies on fuel to run. The only thing that can mess it up is govt license for massive fuel importation |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:52pm On Sep 14 |
GeeKudi: Broker should be better. Morgan Capital is not giving any clear direction though. Any reason why broker is better? Abeg....ooo. I just wan learn.  No be argument or anything |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:41pm On Sep 14 |
megawealth01: Avoid buying Dangote Refinery IPO through your bank...
You will likely regret it later
© Ogochukwu Okolocha Which channels do you suggest as better. Me, I will buy via my broker or issuing houses |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:39pm On Sep 14 |
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Business › Re: Europe Should Thank Tinubu, Nigeria For Keeping Planes Flying – Dangote by mikeapollo: 5:06pm On Sep 14 |
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Foreign Affairs › Re: UK Leaders Sign Agreement To Break The United Kingdom (Video) by mikeapollo: 5:04pm On Sep 14 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 4:04pm On Sep 14 |
megawealth01: 1.5trillon naira raised and still counting...
Dangote's Fortune Set to Jump to $58 Bln on Refinery IPO
Africa's richest man, Aliko Dangote, is poised to make a $23 billion leap up the list of the world’s wealthiest as he opens an initial public offering for his refinery.
The tycoon’s net worth is projected to reach as much as $58.2 billion with the IPO of Dangote Petroleum Refinery and Petrochemicals Fze, according to Bloomberg calculations, surpassing US hedge fund tycoon Ken Griffin and tech billionaire Eric Schmidt. Bloomberg's Anthony Osae-Brown reports. First, tell us if you will be buying  |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 3:59pm On Sep 14 |
GeeKudi: OANDO no be Oil and Gas company again. Nothing anybody fit tell me. This is the koko: are you in Oando or not?  |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 3:15pm On Sep 14 |
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. If you are not experiencing hardship, thank God for your life and His blessings. '' Ebi n pawa'' is Yoruba language, for ''we are feeling hungry''. It is a statement first used by market women and artisans in Lagos Island when Tinubu visited the Central Mosque in Lagos shortly after his inauguration. Why would Yoruba market women play politics against Tinubu? Please do not underplay the misery and reality of people who experience hardship. And do not insult the sensibilities of people who are feeling the hardship May God bless us all and deliver us from harsdhip |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:23pm On Sep 14*. Modified: 2:39pm On Sep 14 |
ogawisdom: Dangote Refinery IPO has already received inflow of over ₦1.5 trillion. Alhaji plans to raise ₦2.5 trillion and the offer is still valid till Oct 13th.
Where una dey see this money? 😳 Someone said the figure on the NGX website may be for the whole market trade, and not necessarily for the refinery IPO alone. Can anyone confirm? |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:31pm On Sep 14 |
ayobama1: With your special permission, otherwise you can help me out with some units from your Oando bullion van 🤣 Please dont spoil my fun today!  Don't mention that name until Wale says something good on Thursday Sept 17. Our ''Prophet'' is even ''missing'' For now, it is DR all the way |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:28pm On Sep 14 |
Odunharry: I think this is total transaction on NGX inclusive of the IPO.
Let's see what it will at end of trading Okay, thanks |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:13pm On Sep 14 |
ayobama1: NIN is now a requirement to enter JSS 1. I know that you will still ask about those still in Primary 4 and 5🤪 You are a very clever guy.  Your Dangote refinery IPO application must be allotted in full  |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:12pm On Sep 14 |
KarlTom: In a way, I can say it's about priorities.
Getting a NIN for a baby/child/student should be a necessity because that is the only means of ID available to them. Likewise, I don't think a baby/child/student can open an account (bank/stockbroking) without a NIN...  The phrase ... '' should be'' settles it. The ideal situation. My question was '' what if'' i.e. outside or without the ideal situation. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:59pm On Sep 14 |
GeeKudi:
I don't think I've ever seen anyone who likes argument more than you. Chaii Call it what you may. I pay attention to details, hence I ask questions to clear any doubts I may have. I know Jnr WAEC is Class 3; and some students may be in Class 1 or 2. I am hear partly to learn, and the best way to learn is to engage in constructive discussion or debate. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:44pm On Sep 14 |
ayobama1: Which student doesn't have NIN when NIN is a requirement to register for even Jnr WAEC? To open an OPay account etc 🤔 So every student is in the level designated to write Jnr WAEC automatically? |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:25am On Sep 14 |
Odunharry: Saw this It will be massively oversubscribed. N1.4trillion on Day 1. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:17am On Sep 14 |
KarlTom: A baby can have a NIN. Only 18 y-o can have a BVN It is not about if they can or cannot have. I am asking: what if they do not have; are they automatically excluded from taking part in the IPO? |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:00am On Sep 14 |
PropTrader: They can take part if parents invest for them through the "NGX Invest" portal. All you need is their name and NIN. Students that do not have NIN nko? |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:45am On Sep 14 |
essentialone1: The highest the share will grow to is the price of 1 Litre of Fuel.
Bookmark this... A litre of petrol is now N1,400; and it may get to N2,000 and more |
Politics › Re: Desmond Elliot Kneels Down, Begs Gbajabiamila For Forgiveness by mikeapollo: 9:42am On Sep 14 |
dododawa1:
Lagos State House of Assembly member, Desmond Elliot, has apologised to Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, over his actions during the last All Progressives Congress (APC) primary election in Lagos.
Elliot is seen in a video circulating on social media, on his knees pleading with Gbajabiamila for forgiveness and seeking reintegration into the ruling party in Lagos.
I’m sorry, I have no excuse, I have nothing other than to say I’m deeply sorry and I am hoping to be cultured in the future,” Elliot said.
The development followed a disagreement between Elliot and the party leadership after the APC primary for the Surulere Constituency I seat in May.
Elliot had withdrawn from the exercise, alleging intimidation and political pressure against his supporters.
He subsequently rejected the outcome of the primary and said he would challenge the process through the party’s appeal mechanism.
Elliot eventually lost the APC ticket to Barakat Odunuga-Bakare, who was believed to enjoy the backing of Gbajabiamila.
Odunuga-Bakare polled 11,385 votes to defeat Elliot, who secured 270 votes in the primary. That picture showing Desmond Elliot kneeling down is FAKE! It is AI picture. Desmond is a tall guy; the length of the legs in that picture is that of a very short person! |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 6:26pm On Sep 13 |
GeneralDae: Why not do your own research? Emiefele had swaps from 2018 worth close to $20 Billion. He pledged to JP Morgan $7.5 Billion as well around 2021. As at 2022, the net reserves were at about $8 Billion ( by CBN records) and this depleted to $3.99 Billion in 2023. JP Morgan in advising investors was the first to hint (in August 2023) that our net reserves were around $3.7 Billion which the then interim CBN management tried to deny and which led to a loss of confidence and mass exits of FPI’s in late 2023 to early 2024.
Do your research. All of these are in the open. I tracked some of them myself from 2023.
As for Sanysi’s management of the CBN, it is a fact that reserves were depleted from $62 Billion in September 2008 to $40 Billion as at February 2010 (the coming of Jonathan). This doesn’t say Sanusi is a bad CBN Governor. Only that 2008/2009 saw mass exits of FPI’s due to the global financial crises and oil prices declined for a while and so Sanusi utilised our reserves to stop the naira from sliding. Can you provide the source(s) of the various figures and stories you are quoting or making reference to? |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:26pm On Sep 13 |
emmasoft: @mikeapollo, the rule is actually opposite of what you think it's. How can you say it's retrogressive for example if you are told to open a bank account so that the cash that belong to you can be transferred for your use?
If you know the rigorous process that investors used to pass through to demat their physical certificates in those days or even now, you will appreciate the rule.
Anyone can get cscs account within 72hrs or less and it's free so it's actually a progressive rule.
By the way even without cscs account you can still participate but having access to your shares will still require you to get a cscs account.
Let's be well guided. Okay. Thanks for response and insight. But I beg us all in the name God, things like electricity, internet, stockbroking, CSCS account etc are a huge luxury in many remote places and villages. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:20pm On Sep 13 |
Odunharry: Everyone can participate with or without CSCS. We saw that when few banks did PO and RI few years ago.
For most Stockbrokers, it's actually easier. They provide link. Banks like zenith, access, providus even flutterwave are also advertising the PO.
@Emmasoft has answered already. Okay, thanks |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:18pm On Sep 13 |
PropTrader: They can take part if parents invest for them through the "NGX Invest" portal. All you need is their name and NIN. Okay, thanks |