₦airaland Forum

I made it clear that I am unsure. How does that start false news?

KarlTom:
This is how false news and rumors start spreading...

Possibly first come, first served. I think subscribing on October 13 increases the chances of your money being returned to you. Just my guess, though!

ghm:
Does the IPO subscription cashinflow go directly to the NGX?

Also, does it make any difference if I subscribe today or on 13th October?

We all have Donald Trump to thank for this.

mikeapollo:
A litre of petrol is now N1,400; and it may get to N2,000 and more

It's beginning to look like the sell-offs to position for the DangRef IPO are over. I think institutional investors sold off in June to participate in the private placement, while retail investors are selling off in Sept.

NGX is beginning to look up, and I expect things to get better when FTSE kicks in over the next 10 days

You must be living on another planet if you didnt read Oby's claims when all major news outlets reported it.

I don't forget say facts means nothing to a mind closed by hatred.

Streetinvestor2:
If you has nothing to post don't quote my post and be saying rubbish. Is it same oby that has denied the rubbish propaganda. What economic gain from what yr is the yard stick

The index is not rubbish. The NGX has been acclaimed as the top-performing stock exchange, and there is a reason FTSE Russell has earmarked it as a frontier market, and others are keeping a close watch. Those few stocks whose rally pushes the ASI also operate in the Nigerian space, don't they? An enabling environment for business is why they are thriving. Even the most fervent haters of this govt, like Oby Ezekwesili, have acknowledged the economic policy gains.

Streetinvestor2:
You they mind government that has only propaganda as its achievement.They are using yeye ASI to make noise that the ngx is performing wonders like we trade the rubbish. When we know few stock can push the rubbish index to even 300k

It's another red day on the NGX

I dont think a stock split was done

emmanuelewumi:
Otedola bought the private placement and would have enjoyed stock split

I found the Dangote Refinery share price to be too exorbitant. I know it has been discussed extensively on here. Just adding my two cents: given the number of shares made available, DangRef shares should retail at most 200 Naira.

I am unsure if I would buy, but maybe buy a small quantity to be in on the 'rave' but really overpriced imho

jonnysessy:
Today is MTNN dividend payment date. I am anxiously waiting for my bank to hit me with the alert. The dividend will be used for different purposes as the needs arises: some may use it for
1. Buying Dangote Refinery IPO
2. Buying more of MTNN shares
3. Paying school fees
4. Buying foodstuffs
5. Re- invest the dividend to other shares.
6. Use it to pay house rent.
7. Use it to throw a party
8. Use it to help a loved one.
9. Open a business for the wife.
10. Leave it in a bank first and think of what to do with it.

What ever you choose to do with yours. Use it wisely. Money is becoming scarce these days. I will use mine with one of the above.

I thought the Dangote fertilizer is bundled in the refinery/petrochemical IPO?

deathwing:
I'm currently not planning to buy. I think Aradel and Seplat is enough for me at the moment. We look towards the fertiliser listing next year.

Really? You seriously think an incumbent is a 3rd choice in an African election? Or an election anywhere in the world, for that matter?

Dey play

isaacosas01:
Panic for campaign. He needs to win fess. It’s between him and Obi. Tinubu is coming distance 3rd.

I am certain investors are already panicking over Atiku's so-called populist promises: Fuel subsidy restoration, increasing electricity subsidy, opening borders for foreign goods to flood into Nigeria, etc.


I think it would spell doom for many companies on the NGX. We already saw what Palm Oil importation did to Okomu's earnings in H1 2026.

Oando seem to be the dominant topic on here.

GeeKudi:
Big Amen.

I have heard so many theories: from T1settling scaring off FPI, to FG bonds rate becoming more attractive than NGX to people selling off their stocks to hold the cash for Dang Refinery IPO, to politicians selling off their stocks to invest in 2027 elections, etc

I dont know what to believe, It was most shocking to me when UACN(?) posted record revenue and profits and the market reacted by the stock price dropping.

lionshare:
Additionally, with NGX’s new trading rules now suspended, it may also become a net contributor—similar to the T1 situation. I’m not sure why they can’t implement a separate testing environment to validate these updates before deploying them.

Its demoralizing losing millions daily. When will the bleeding stop? I dont even know what is responsible for the dip as companies are posting record revenues and profits. Maybe NGX is BetNaija as someone earlier said.

Jaakay:
A sea of REDS

This is not encouraging. A stock market isnt betting.

ppogba:
Na today?

Bros, shine ya eyes.

After Naijabet na NGXbet.

That does not discount the fact that the day you have access to info that can give you money, grab the opportunity and wait for the next good day.

Other than that......

Not sure it works this way. Fundamentals should be what drives a stock price and in the long run determines viability.

That said, I dont understand why the NGX is the way it currently is.

essentialone:
Most high priced stocks getting ready to drop down before Monday...


Most are on Full Offer now
Most of the money will flow into stocks that are now less than N3.00

Penny stock rally getting ready...

BUA Food and UNILEVER losing full 10%. This market isnt nice at all these days. Is it because politicians are pulling out money to run elections?

If he had done that, right now he would still be stuck in a littany of litigations with zero money recovered. GEJ tried some people for subsidy scam, what cmae out of it? Its easy to say 'inject capital to the real sector' but where would the money come from? We were using 97% of revenue to service debts under Buhari. That was the economy Tinubu inherited.

londonerr:
You're spot on except for the assertion of where Nigeria was headed.... I totally disagree. If I was president at the time BAT was declaring subsidy removed, I'd be recovering all subsidy fraud funds, trimming down government and inject capital to the real sector, cut down on cement prices drastically to kickstart the construction sector.... Among several other things....

Jagaban only heads an arm of government. What are the state governors doing with the humongous monthly allocation they are now getting? Nobody talks about them or holds them to account. See Wike, you may not like his public posturing but the man is performing excellently well in Abuja, same with Alex Oti and Sanwo-Olu. The others nko? Nothing to show. I have long maintained that the State Legislators remain the most corrupt and useless arm of government in Nigeria.

megawealth01:
Na sensible people I dey tag. If I no tag you and you tag me with those rubbish posts attacking pastors or supporting your jagaban, it's better you block me before such stupidity or I will do the blocking myself...

I no get time for HYPOCRITES

Yep. They work together. The corrupt political elites impoverish the people who in turn flock to churches to seek spiritual reprieve only to be fleeced by these so-called men of God. Its a vicious circle.

presiade:
A pastor was caught some moons back using his private jet (gotten with tithes and offerings donated by both the political class and the regular congregants) for arms trades and money laundering. Talk about the enabler and influencers of bad political leadership, talk about most leaders of both leading religions.

Preaching prosperity without work, “unmerited favor”, religious bigotry, and the likes are the foundational problems shaping the minds of the populace, which reinforce the political actor’s game plan. The political class and the top echelon of religious leaders are in an unholy partnership. YES, DADDY.

Pele Voltron. Defender of the universe

megawealth01:
I'm an unapologetic defender of the Christian Faith. If you attack the church you have me to face any day and anytime... I don't hide my real identity 🆔

The Jesus of Christianity made me who I am today

Wailing wailers club

mikeapollo:
If I talk now, them go talk say I dey derail.

When the leader of a country cannot be truthful with basic info and file his educational credentials genuinely, correctly and in good faith, such a country lacks the moral grounds to expect citizens to file taxes correctly.
Citizens learn and borrow a leaf from leaders!

Early morning yet, please!

@Agba please tell us what you know about the big news from Oando

It beats me how people can openly level accusations and tag people with crimes that were not committed in their presence and of which no court of law has pronounced a guilty verdict. Just as someone here said, if you are so sure of what you are saying, kindly activate your rights as a citizen and approach the courts. Otherwise please shut it and lets have peace and talk stock market.

I have followed the ongoing international spat between Nigeria and South Africa and the SA talking ponts have been the cr@p fellow Nigerians put online about our nations and leaders, mostly unsubstantiated info. When you sell your nation by pushing cheap propaganda becasue you despise the people in power based on ethnicity, religious and political bias, you sell yourself cheaply and the consequences linger, continuing even when your anointed candidate occupies the office.

mikeapollo:
You think forgery is a minor thing? Do you appreciate or understand what is major or minor in sovereign governance?

Crime does not have expiring date. Escaping with fraud a million times does not vitiate the fraud. He will still be called out when the issue comes up. It does not matter if he escaped at Mobil, Senate or wherever.

He was first exposed when he was Lagos governor by Gani Fawehinmi but Tokunbo Afikuyomi had to go beg Gani who fell sick shortly afterwards and died.

Don't bring Buhari into this; he produced his result (statement of result) from his secondary school and he had pictures of his schoolmates/classmates.
Can you show or mention the secondary schoolmates/classmates of the president?
All presidents in Africa and the world had schoolmates and classmates, except your own president. Shame no dey catch us again for this country?

Go ahead; celebrate your president as you like am since he measures up to your expected standards in integrity and trustworthiness. Or may be you never had any standards.

Case closed. Nothing more from me on this

Well, this candidate has used the same credentials to work at oil giant, Mobil, and also gotten the job of a senator and the governor of Nigeria's most populous, most educated, most diverse and richest State twice. Bellyaching over this is just joblessness. Nigerians did the same about Buhari's WAEC result- a man that rose to ebcome a General in the army o. Did it stop him?

We like majoring in the minor and minoring in the major.

mikeapollo:
The other day I went for an interview/screening, they asked for all my certificates, including primary and secondary, and anything and every thing I said I had studied or enrolled in.
But somehow some people, presumably rational citizens, think it is okay, for a whole president to blank out details of this primary and secondary education in his INEC form?
What is he hiding? This casts serious doubts on the integrity of the person heading and leading the country. And leadership is all about integrity!

I wont say anymore now/today, so I wont be accused of derailing the thread.

The president occupies a rent-free apartment in your head. You better face your stock trading and secure your financial security. None of Atiku, Tinubu, Obi, Amaechi, Shetimma or Kwankwaso will bring any new Nigeria. They are all cut from the same fabric. No matter how much Nigerians continue deceiving themselves.

Streetinvestor2:

Tinubu’s academic record is still questionable - Atiku pic.twitter.com/DcZJIEz7rr

— Abdul Rasheeth (@Rasheethe) August 2, 2026

Atiku just mentioned drug baron
He needs to be sued....lol

Thanks for letting us know you have zero ideas. You actually remind me of the politician promising additional 10KMW in 4 years and when asked how just said 'trsut me'

Streetinvestor2:
Why do u want solutions from me what happened to your own brain and the brains of the people who went to install solar at aso villa and coming to sell lamba
Wait in the next 3 weeks I will give u solutions. Since thr own brain only works when it comes to looting ...lol

Like most opposition politicians, you have criticized without offering any solutions, or we just continue this way? While I am concerned about the potential impact on the masses, I know that cost-reflective tariff is the major driver of private sector involvement in the power generation and distribution chain. If the subsidy is removed, you would be shocked at the number of foreign and local businessmen ready to invest in the electricity value-chain. Dangote's proposed 20KMW plant will have many competitors.

Streetinvestor2:
If the federal government believed that the lamba will make steady electricity. Why did aso rock switch to solar.
We heared this same lamba in education,health etc.How available are they today. They have used same excuses to keep hiking prices. Why didn't we see the steady power as a result. They created different band and still talking balablu. How did they succeed in the metering they promised. They are already using estimated bills to kill Nigserians

But, can we truly have steady power without totally liberalizing this sector?

Streetinvestor2:
More poverty and hunger loading but GoD pass them for 2027
They will be history then to Nigerians

For those still in Geregu and TransPower. There may be a glimmer of hope on the horizon. However, the impact of this on the common man