₦airaland Forum

GeneralDae:
Okay it seems this is the announcement Dangote was talking about last week.

you are right. He was specific on overhauling the downstream sector. Wahala for Conoil, Totalenergies and others in the sector.

https://www.kingsleynapley.co.uk/insights/blogs/private-client-law-blog/family-investment-company-vs-trusts#:~:text=The%20Trust%20deed%20sets%20out,special%20rules%20of%20their%20own.



https://www.youtube.com/watch?v=aIi2wAs6Ezc?si=fG7wzjeSk3s-rT7q


https://www.youtube.com/watch?v=q1qOpV4gwRg?si=NwWKN-55zw334T8_


https://www.youtube.com/watch?v=lGCtYcjfWQM?si=LCVc4g_W5qkF3PHT


https://www.youtube.com/watch?v=feikm5ySS8g?si=R3A6couoLEzhVeXS


https://www.youtube.com/watch?v=G5_IsUSZ9ak?si=nJxcBhDDgBrVvHs1



https://www.youtube.com/watch?v=0IG6SS_BMfU?si=l-WkKasmWYI5SaIR

Grok is a great resource for learning about FICs and their benefits.

If H Wigwe had set up an FIC before his passing, his family might have been better shielded from the ongoing crises. This highlights the potential benefits of proactive wealth planning and family governance structures like FICs

fashionnisir:
love these ideal any reading article or advice to go about these

GeneralDae:
DANGOTE PETROLEUM REFINERY TO BEGIN DISTRIBUTION OF PMS AND DIESEL NATIONWIDE

...Deploys 4,000 CNG Tankers To Enhance Distribution Network Nationwide

…Offer open to Marketers, Petrol Dealers, Manufacturers, Telecoms Firms, Aviation and other large users

Dangote Petroleum Refinery is pleased to announce the commencement of a significant national initiative designed to transform Nigeria’s fuel distribution landscape. Effective 15th of August 2025, the Refinery will begin the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country, with free logistics to boost distribution network.

To ensure smooth take-off of this scheme, Dangote Refinery has invested in the procurement of 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers. This phase of the programme will continue over an extended timeframe. The refinery is also investing in Compressed Natural Gas (CNG) stations, commonly referred to as daughter booster stations, supported by a fleet of over 100 CNG tankers across the country to ensure seamless product distribution.

This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability and supporting Nigeria’s economic development. It affirms our dedication to improving the availability and affordability of fuel, in support of broader efforts to strengthen the economy and improve the well-being of all Nigerians.

Under this initiative, all petrol stations purchasing PMS and diesel from the Dangote Petroleum Refinery will benefit from this enhanced logistics support. Key sectors such as manufacturing, telecommunications, and others will also gain from this transformative initiative, as reduced fuel costs will contribute to lower production costs, reduced inflation, and foster economic growth. Players in these key sectors and others can purchase directly from the Dangote Petroleum Refinery.

In addition, the refinery will offer a credit facility to those purchasing a minimum of 500,000 litres—allowing them to obtain an additional 500,000 litres on credit for two weeks, under bank guarantee.

This pioneering effort marks a major milestone in our vision to revolutionise Nigeria’s energy sector. Dangote Refinery is dedicated to ensuring that no place is left behind. Our goal is to provide equitable access to affordable fuel for all Nigerians, regardless of location, making energy more accessible and sustainable for everyone, wherever they may be.

It is expected to revitalise previously inactive petrol stations, thereby driving job creation, stimulating small and medium-sized enterprises (SMEs), increasing government revenue, improving fuel access in rural and underserved communities, and strengthening investor confidence in Nigeria’s downstream petroleum sector.

This initiative is inline with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, reflecting our shared commitment to economic progress, stability, and inclusive development. We sincerely thank the Federal Government for its continued support, especially through the Naira-for-Crude scheme, which has helped stabilise fuel supply amid global price volatility. It marks a major revolution in the midstream and downstream sectors and stands as a key example of President Bola Tinubu’s bold and reformative economic policies.

We invite marketers, petrol dealers, manufacturers, telecom companies, and all key stakeholders to embrace this landmark initiative. The registration process, including Know Your Customer (KYC) verification, will take place from 16 June to 15 August, spanning a total of 60 days. For enquiries, please call +234 707 470 2099, +234 707 470 2100, +234 816 961 8390, +234 703 796 8308, +234 812 362 2893. Email: Email: sales.enquiry@dangote.com.

Petrol tanker drivers go lose their jobs / patronage?

This is the day Agbalowomeri has been eagerly anticipating. Hopefully, this won't impact GTCO and Zenith.

fashionnisir:
The field are now lift for the technical analyst , based on capital apprications, jijo,Cico.
Need funds to position for kills.

wanaj0:
E ku market ooo

I throway salute to all the guru's here.

Make you give us hints for the week.

Where have you been sir wanaj0?
You are welcome o.

The final straw that broke the camel's back. It's game over for stubborn importers and petroleum marketers.

[quote author=GeneralDae post=135760167]DANGOTE PETROLEUM REFINERY TO BEGIN DISTRIBUTION OF PMS AND DIESEL NATIONWIDE

wanaj0:
E ku market ooo

I throway salute to all the guru's here.

Make you give us hints for the week.

Welcome back, abeg no wait another eid festival before you visit Nairaland

EDUECO:
Written by SpringnewsNG Media Limited – June 14, 2025

The Central Bank of Nigeria (CBN) has issued a directive instructing Nigerian banks operating under regulatory forbearance to suspend all dividend and bonus payments to their foreign subsidiaries and offshore ventures

Note this: to their foreign subsidiaries and offshore ventures.

Didn't you read the circular posted here by yourself?
Dividend to shareholders was specifically mentioned.
What is not yet clear is the banks that are affected.

How? Alhaji is creating 4,000 new jobs for drivers.

SonofElElyonRet:
Petrol tanker drivers go lose their jobs / patronage?

Raider76:
How? Alhaji is creating 4,000 new jobs for drivers.

Previous drivers are attached to petrol stations.. hope they'll be integrated

pluto09:
Didn't you read the circular posted here by yourself?
Dividend to shareholders was specifically mentioned.
What is not yet clear is the banks that are affected.

Investors should be able to sue CBN for loss of income. It's not only about the banks. CBN doesn't regulate my right to income

Raider76:
How? Alhaji is creating 4,000 new jobs for drivers.

Also, using CNG trucks for this is a very smart move.

@Pennystockwarri,
Pls help us to ask a question on the state of Telluria Farm?

Pennystockwarri:
The space starts at 5pm wat. Should you have any questions, please feel free to share.

https://x.com/i/spaces/1ypJdZODmqpKW

SonofElElyonRet:
Investors should be able to sue CBN for loss of income. It's not only about the banks. CBN doesn't regulate my right to income

They regulate the right to protect customers deposits and their use of such funds

.

Sunrisepebble:

With this new rule seun will not allow me to just shine my teeth in peace

By the circular title:

"TEMPORARY SUSPENSION OF DIVIDEND PAYMENTS, BONUSES AND INVESTMENT IN FOREIGN SUBSIDIARIES"

the "IN FOREIGN SUBSIDIARIES" may also be interpreted to refer only to "INVESTMENT"

EDUECO:
Written by SpringnewsNG Media Limited – June 14, 2025

The Central Bank of Nigeria (CBN) has issued a directive instructing Nigerian banks operating under regulatory forbearance to suspend all dividend and bonus payments to their foreign subsidiaries and offshore ventures

Note this: to their foreign subsidiaries and offshore ventures.

Mpeace:
you are right. He was specific on overhauling the downstream sector. Wahala for Conoil, Totalenergies and others in the sector.

They can buy from him now..
He's offering free logistics.
He's also offering credit guarantee of 2weeks for about 500,000litres purchase.
These companies can afford it..
they are MAJOR MARKETERS.
They should patronise him and reduce their Cost of sales

SonofElElyonRet:
Investors should be able to sue CBN for loss of income. It's not only about the banks. CBN doesn't regulate my right to income

lol.
It is better we look at the issues raised by the cbn objectively rather than judging them based on the premise that we are exposed to the banks as shareholders.
The regulator is more interested in protecting depositors.

chimex38:
They can buy from him now..
He's offering free logistics.
He's also offering credit guarantee of 2weeks for about 500,000litres purchase.
These companies can afford it..
they are MAJOR MARKETERS.
They should patronise him and reduce their Cost of sales

The thing now is that those advantages bestowed by size, is lost. The big and small will now play on equal advantage.

If total sell 850, enjoy sell 850 and others sell at same price the name of the station becomes only cosmetic.

It's good for consumers. We can expect further lowering of prices of petroleum products(except that war in Iran will also lead to rise in prices of products)

pluto09:
lol.
It is better we look at the issues raised by the cbn objectively rather than judging them based on the premise that we are exposed to the banks as shareholders.
The regulator is more interested in protecting depositors.

Maybe I need to find about this forbearance thing but CBN is making it look like the banks are sort of distressed or incapable of fulfilling their obligations.. hope this doesn't cause some panic in the system

Mankind2024:
Early in the month of June 2025, I made a post on the allure of dividends. My opinion on the new directive that restricts the major banks from paying dividends by the CBN is tantamount to a dividend war, the sibling of a trade war. As a self-investor, I would not touch my holdings in the banks; rather, I would deploy opportunity funds and top up. I would advise fellow self-investors not to panic sell, as they may not successfully time the market. Time in the market beats timing the market. The banks have emerged stronger despite forfeiting their forex gains to the government of Nigeria. I believe the CBN has taken this no-dividend policy to fight inflation.

I am of the opinion CBN wants to also prevent round tripping..
Using PAT/ retained earnings as dividends.. Bank owners and their people with billion value of received dividend will now use it for this 2nd tranche of Capitalization.

Mpeace:
The thing now is that those advantages bestowed by size, is lost. The big and small will now play on equal advantage.

If total sell 850, enjoy sell 850 and others sell at same price the name of the station becomes only cosmetic.

It's good for consumers. We can expect further lowering of prices of petroleum products(except that war in Iran will also lead to rise in prices of products)

Trump says expect peace soon ...,.

..,.................................

ELLAHLAKES has dropped oil mill and palm plantation address ooo...incase you want to go and verify you are welcome,oil mill to be commissioned by end of this month.

Mpeace:
The thing now is that those advantages bestowed by size, is lost. The big and small will now play on equal advantage.

If total sell 850, enjoy sell 850 and others sell at same price the name of the station becomes only cosmetic.


It's good for consumers. We can expect further lowering of prices of petroleum products(except that war in Iran will also lead to rise in prices of products)

Their MAJOR downside are not their downstream sector competitors, but other sectors of the economy..
Manufacturing/Telcos and other heavyduty PMS/Diesel dependants companies like MTN, betaglass, etc need not go to Total or Conoil to buy as 3rd party. They can now go directly to purchase from source-- DR.

The Major Marketers can still play the second card..not every station can afford offtake of 500,000litres at a stretch with bank credit guarantee..
They should have the advantage of having PMS all year round unlike others..

Is it possible also that some banks try to defend their share price by having their major shareholders mop up shares being dumped by panicked investors?

Mankind2024:
Early in the month of June 2025, I made a post on the allure of dividends. My opinion on the new directive that restricts the major banks from paying dividends by the CBN is tantamount to a dividend war, the sibling of a trade war. As a self-investor, I would not touch my holdings in the banks; rather, I would deploy opportunity funds and top up. I would advise fellow self-investors not to panic sell, as they may not successfully time the market. Time in the market beats timing the market. The banks have emerged stronger despite forfeiting their forex gains to the government of Nigeria. I believe the CBN has taken this no-dividend policy to fight inflation.

GeeKudi:
Are you sure you posted the right link? The video in the comment section of the X post isn't showing anything worthy of note. Maybe you didn't post the correct link you intended?

There's nothing new.

It's loking like an exit pump.

Pennystockwarri:
The space starts at 5pm wat. Should you have any questions, please feel free to share.

https://x.com/i/spaces/1ypJdZODmqpKW

That means the AI was right and I was accusing it not to be up to date on the news.It informed me that the thing is happening today. So what video did you then share yesterday for us to watch

wanaj0:
E ku market ooo

I throway salute to all the guru's here.

Make you give us hints for the week.

The bull have landed for this oga to show face...lol

wait oo. How are you able to do this and beat the 40 characters rule?

chimex38:
.

With this move, he has just succeeded in finally running fuel importers out of business. The marketers who go to Lagos to buy from them will now have Dangote delivering fuel directly to their stations at no cost.

It's a similar distribution model for his cement business.

chimex38:
They can buy from him now..
He's offering free logistics.
He's also offering credit guarantee of 2weeks for about 500,000litres purchase.
These companies can afford it..
they are MAJOR MARKETERS.
They should patronise him and reduce their Cost of sales

Ellah Lakes will convert directors' loans to equity, and they will be raising funds via equity.

They will commission the Edo 3-ton mill at the end of the month.

Fingers crossed

Mankind2024:
Your sense of history is skewed. I never swore at you. It's clear you lack basic etiquette. The market has been extremely rewarding for me. I'm now in the consolidation phase of building a legacy portfolio for my offspring and future generations.

I recall our previous discussion where I advised investors to remain invested during the twilight of the Buhari administration. You responded that people like us would be the first to surrender our portfolios at the sight of a bear market. I'd like to clarify that I'm a successful self-investor with experience in three exchanges: NGX, NYSE, and Binance.

My investments have yielded impressive returns. On NGX, I'm on track to reach my goal of a N1 billion portfolio in under two years. My NYSE portfolio is compounding nicely, and my digital assets on Binance have doubled in value. You can call me a stock billionaire if you like – that's what 11 years of staying invested through good and bad times have earned me.

My investment philosophy is centered around long-term growth, not short-term gains. I don't trade frequently or book profits often. Instead, I set personal goals and work towards achieving them. I hope you'll learn from my approach. Humility is key in investing, and I often advise against getting caught up in short-term competition or predictions.
Due to personal reasons, I won't share my NGX portfolio here. However, you're welcome to learn from my NYSE portfolio, which continues to compound nicely.

Heavy men dey this forum. Can you share some more insights about how you achieved this? N1 bn is huge!
I'm sure there several people with portfolios of this size here.
I wish there is a better knowledge transfer and reception in this forum.