₦airaland Forum

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.

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.

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?

Odunharry:
Saw this

It will be massively oversubscribed.
N1.4trillion on Day 1.

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?

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?

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

dododawa1:

Hon. Desmond Elliot goes on his knees to apologise to his political godfather, Femi Gbajabiamila, and beg for forgiveness pic.twitter.com/LIeVy0b4Ed

— Instablog9ja (@instablog9ja) September 14, 2026

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!

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?

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.

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

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

GeneralDae:
I don’t see Naira getting devalued significantly in the next three years. The CBN have been able to grow net reserves from $3 Billion to over $34 Billion by reducing swaps that were prominent in the Emiefele era. With stronger net reserves, the CBN would not let the naira slide significantly like we saw in 2023/2024.
This is thesame way Sanusi held the naira firm during the global crisis of 2008/2009 by burning through the reserves of $62 Billion thereby depleting it to $40 Billion in just over one year.

Nigeria' forex reserves was $35billion on May 29, 2023! Where did you get that $3billion from?
Let's stop twisting figures and narratives to suit how you want to praise and eulogize your preferred party in govt.

We will know how "holy, holy" Cardoso and his master are when they are no longer in govt. Just wait.

For me, it is an insult to compare Sanusi's performance and management of the functions and role of CBN in the economy to that of any of his successors so far, including Cardoso.

He is far better than them all.

KarlTom:
DPRP

BASIS OF ALLOTMENT AND ALLOCATION

Does it mean that newcomer investors (e.g students) who do not have CSCS and CHN numbers cannot take part in this IPO?
This rule seems retrogressive to the interest of those without prior NGX experience

awesomeJ:
Your idea is to scale up the failure??

You have a company. They did a RI at N70 per share.

6 months later, their results are out? Losses doubled, administrative expenses quadrupled, balance sheet shrank 50%. The market reacts and your portfolio bleeds 60% on the stock.

Then they announce another RI plan at N100 per share, shebi you will gladly take up your rights with them cos you like to argue 😁

Misplaced, irrelevant digression and analogy.
What we are discussing is about whether govt is collecting revenue enough and adequate to take care of governance responsibilities with the inefficiencies (waste, corruption) in the system.
The inefficiencies are not going away soon.
So tell us how reducing govt revenue (hypothetically from N100 to N70) would enable govt build more schools, roads, hospitals, pay slaries etc.

This is not about an entity in the private sector which may even decide to liquidate and wind up

awesomeJ:
This thing isn't rocket science.

Why not explain why that person who is unable to do much with the N100 they currently receive is adjudged as being efficient by you??

Cos I clearly stated that the issue here is effective utilization, but you seem to like arguments.

Na wa oo!
Okay, I agree the main issue is inefficiency in utilization of funds!
Will the "inefficiency" be resolved or eliminated when the funds (hypothetically) is refuced from N100 to N70?
If the inefficiency, (wastage, corruption etc) would still be there, then why or how would you think that the lower amount (N70) will be enough to fix roads, schools, etc where N100 was never enough?

deathwing:
The thing really pisses me off. Someone will write a treatise and say NFA. Who asked for your opinion? Why not keep it to yourself?

It is called a ''perspective'' and we all share our perspectives hete on different topics.
It pisses you off because you are probably experienced in the game.
Such caution is useful because there are newbies who may just take it as sure advise or recommendation and invest their funds. What happens if things go bad later?

awesomeJ:
Your opinion is that borrowing more money is proof that they're utilizing their revenue efficiently??

You seem to like making statements that contradict yourself.

It's not hard to see that if the funds they currently get were efficiently utilized, they won't need to borrow at least not as much, why you think otherwise is strange.

Someone receives N100 and he is unable to fix roads, schools, hospitals etc.
Now, the same person is expected to receive N70 and give N30 to others (called shareholders). Do you now expect him to be able to take care of the same (or even more) roads, schools, hospitals etc with N70?

Wish you good luck!

megawealth01:
It's weekend my bro. I don carry my popcorn with wine to read comments 😂

Popcorn ke?
Why not ''isi ewu'' and ''nkobi'' combination?

essentialone1:
Oando is bullish now

Where you see that one?
Abi wetin you dey talk?

megawealth01:
Everyone with their strategies. The era of name calling don end tey tey that's why I like as analysis dey happen here so adults can make informed decisions without calling names and besides jagaban is working hard[b][/b] 😂

Yes, Jagaban is the ''best''. Na true. It is even true sef.
I no go enter your trap this Friday evening.

awesomeJ:
Again, if they collect 70%, it only reduces the profit portion of FG's income from NNPCL, It doesn't at all reduce the taxes and Royalties, if anything it will likely increase those cos the entity will have significantly bigger operations.

Then out of the 70%, the government still gets 10% minimum as taxes when those billionaires take the profit.

Ultimately, the issue with Schools, hospitals and roads won't be availability of funds but largely efficient utilization of funds.

And this is not just theory, cos you and I know that US which is the largest producer of crude and produces over 12 times what we produce has no NNPCL equivalent, but their schools and hospitals aren't on the same level as Nigeria's.


This is not to mention that in reality, elumelu and otedola can't raise the liquidity to by 30% of NNPCL talk less of 70%.

Where do you think the 10 richest Nigerians outside Alhaji and RABIU would get $50bn combined?

What is there's no Yari to buy another overpriced Otedola's stake, isn't his asset mostly just paper valuation?

Fbn isn't really worth 5x accesscorp na.

Even when the govt alone is collecting 100% of all these revenues, taxes, royalties etc, the roads, hospitals, schools etc are bad.
Now you want to give part of the funds to other ''shareholders''

Govt is busy borrowing because of ''inadequate funds'', but here you are, saying the issue is ''efficient utilization of funds''!
We like speaking grammar with terminologies in this country, just to twist narratives and support our position!

megawealth01:
Really? You won't understand my Oando games

On a more serious note, I am fully in Oando with you, if you would stay,
But if the price rises, I may sell some units to buy refinery IPO. I already planned for some funds but I want to buy more.
Dangote refinery at 1.4m capacity is not something I want to miss.
Definitely a 100% gain by 2028, latest.

SonofElElyonRet:
But you don talk say you fit buy because of Otedola and you no go come back come tell us say you don buy...

You leave am.
Person wey go buy because of ''patriotic calculations'' very soon.
Na so he talk before him come enter ''political calculations'' for Oando. Wale come hook am for throat!

megawealth01:
3 reasons why I'm not buying Dangote refinery IPO.

1. Money does not make noise.
2. Wealth does not invite you to 'join us.'
3. The people who will make money in the short term are those who bought private placement. This is not financial advice

© Praise George

Okay ooo. Every man with his strategy.
You no believe Dangote, but you agree to join Wale!
God dey.
Any theory na theory. Man no die, man no rotten.

Agbalowomeri:
Do they use your roads?

Okay oo.
Na true you talk sha

GeneralDae:
But this is not true. Saudi Aramco and Petrobas amongst others listed their upstream

Okay ooo. Imagine NNPC getting listed and HNI like Otedola, Elumelu, etc buys like 50%-70%+ of the shares. And they collect billions of naira as dividends every year with most roads, schools, hospitals in Nigeria still bad!

awesomeJ:
You're saying Aramco(2222) doesn't include the upstream business? check well na.

There's no big deal listing NNPCL's upstream business, it doesn't stop the government's revenue.

If NNPCL lists with MoFI and the petroleum ministry still holding 90% of the entity, the government will still be getting 90% of the profits and 100% of the taxes and Royalty it currently gets.

The 10% dip in profit they currently get might even be recovered several folds if the company becomes more efficient on listing, especially if the capital raised from the 10% dilution is redeployed into the business.

Imagine 10% stake sold to raise $7bn that makes their NEPC subsidiary start producing an extra 200k boepd as an operator. That alone would make the government get more revenue overall compared to the status quo.

Okay oooo. Best of luck.

SonofElElyonRet:
The second one will be dangote refinery and the third Japaul.. let's revisit my post by 2027 year end

Ewo ni t'epe?

faoogoke:
Abeg what is today's closing price. Stockbubble is giving different prices.
Bubble price different from price when you click the Bubble

Na wa ooo
You still dey ''click the Bubble''....to see if money dey inside the Bubble!
Money no go kee person ooo.

GeneralDae:
NNPCL is Nigeria’s largest firm and Africa’s second largest firm. They can easily float $70 Billion on the NGX to surpass Dangote (if they list all their ventures).

NNPC will not list the major upstream business because that is where profit on sale of crude is used to finance the national budget.
Only the downstream business (retail filling stations) can be listed and that is nowhere near $70b or Dangote.

No National Oil company (NOC) would list its major upstream business on a stock exchange and distribute its earnings to shareholders (who may be billionaires already) instead of using the funds to finance the budget and develop the nation. It wont happen!

awesomeJ:
Allotment will happen before listing. i.e subscribers will have the shares in their CSCS before they list.

That is if everything will be credited to CSCS accounts and there would be no physical share certificates at all.( a lot of new investors without CSCS account)