₦airaland Forum

SonofElElyonRet:
Na Ellah Japaul CI leasing and Caverton I get now

JAPAUL on the beat

Dangote: Nigeria greater than PENGASSAN – FG

https://www.vanguardngr.com/2025/10/dangote-nigeria-greater-than-pengassan-shettima/

The government should compensate the Dangote Refinery for its loses due to this PENGASSAN strike. Another person would have gone to court.

megawealth01:
Wait for it at 16 nairaland

No oo. Agba is waiting patiently for Gtb at 2 naira double bottom

iHaveMadeiT2:
No oo. Agba is waiting patiently for Gtb at 2 naira double bottom

That will signal the end of NGX na

https://www.thecable.ng/exclusive-pengassan-dissolves-branch-leadership-over-failure-to-shut-down-gas-supply-to-dangote-refinery/

"The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has dissolved the branch executive councils of the Nigeria Gas Infrastructure Company Ltd (NGIC) and the NNPC Gas Marketing Limited (NGML).

The dissolution followed the “inability” of the executives to completely shut down gas supply to Dangote refinery during the association’s strike."

toyeoye:
Hi @essentialone, no vex!
On a second look, I think the issue is coming from how the table vertical scroll bar behaves on some devices, which might be hiding part of the stock list. Please don't give up just yet...will patch it up after trading session closes so that everything shows smoothly.
Appreciate you keeping us on our toes 💪 we go sort am sharperly and update you once it's resolved.

Thanks a lot.

yMcy56:
Oga Agba, this your GTB dey too stubborn o 😁
Closed @99 on top the N1 interim.

** Meanwhile, Ellah also closed on full bid..

GTB market makers have excess cash reserves.
Bids have been lower than offers for some weeks but the price keeps going up.

megawealth01:
That will signal the end of NGX na

Anything is possible

https://podcasts.apple.com/us/podcast/greenticker-ngx-daily-october-6-2025/id1810406988?i=1000730452220

A summary of today's trading session on the NGX.

PuristForest:
Guys, didn't read all the fine prints, when will the shares from the Chams rights issue be available on my platform....??
Update...Seen...guys hope this is accurate!
Typical Total Timeline
From announcement to trading: about 4–6 weeks
2–4 weeks: subscription period
1–2 weeks: allotment and crediting
1–3 days: shares start trading
Its important to know your timelines so that you can plan ahead..for instance, i think we will hit a low ~2.4 around sep 1st week for wave a then potentiallly 3.2 region in oct 2nd week;...depending on the structure, the asset can retest that 2.4 low again and even break it before the real really starts ...so do the maths
someone asked whether to enter with RI or wait and purchase lower...there is no way that the ri will not put you ahead in the mid to long term....
https://ewnation.com/chams-august-29th-update/?timeframe=daily
https://ewnation.com/category/stock/nigeria

Has any one received their allotted shares from Chams Holding Company Plc's rights issue?

https://www.youtube.com/watch?v=sO-JKS8dOh8

Here's a summary of today's trading session on the NGX.

Agbalowomeri:
GTB did me dirty

Las las, you surrendered.......🤗
How many % gain since when you sold sir? Lol

PuristForest:
Has any one received their allotted shares from Chams Holding Company Plc's rights issue?

Not yet. Waiting on my allotment

megawealth01:
JAPAUL abi na AUDIO BILLIONS I dey see so?

It's Ellah that traded up to a billion today japaul was less than 60m

Oga please don't mind these people. They will never give you any figures to back what they say about the Dangote Refinery. I have noticed a trend here and elsewhere that the next line of campaign against the refinery by its enemies is to discredit it as a viable employer. This is after they have failed using the unions against it.

Using the union strike card has been disastrous for them. They only succeeded in exposing the scale of evil going on in the oil sector unions and the import and distribution cabals. This has turned public opinion against them. The brief fuel scarcity and return of fuel lines at the petrol stations due to the strike showed people how quickly the bad old days can return without the Dangote Refinery. This has endeared the refinery in the minds of the people. Even worse for the unions is the trigger for the formation of new factions which will breakup the unions and which was created due to the controversial strike action.

Their next strategy of discrediting the refinery as a good employer will also fail in the eyes of intelligent thinking people. Any employer who can sack 800 employees overnight knows that he can replace them with no trouble. That is an employer that people are looking to work for.

innovestor:
Like i wrote in my submission, my example was just to clarify between % of salary and % of all pay which was not clarified in the original post.

Please send me a DM of someone you know in the O&G industry (new entrant earning 16m as compared with Dangote new entrant of 400k). I will like to be his/her friend, e get why. Abeg no vex.

SonofElElyonRet:
Chams at N4:23
No longer have shares there but proud of them.. Japaul, make me proud!

Chand is heading to 10 like this

mikeapollo:
Are you still ''Deapcapped'' or ''Deapcapping''?

Am in this one too with a nylon bag

It's worrisome seeing how Dangote has employed heärtlėss laptop boys to defend his actions all over social media.

Before you take the word of any faceless person on the internet as truth and people centred, ask the person to mention how many years they have worked under any Nigerian employer and if they would continue such job for the next 10 years or prefer a work visa to Canada to go do the same job.

Their response will reveal their agenda - propaganda agents for Dangote and other wicked capitalists who don't mind énslaving every Nigerian so long they keep topping or getting mentions on Forbes billionaires list

Joyful365:
It's worrisome seeing how Dangote has employed heärtlėss laptop boys to defend his actions all over social media.

Before you take the word of any faceless person on the internet as truth and people centred, ask the person to mention how many years they have worked under any Nigerian employer and if they would continue such job for the next 10 years or prefer a work visa to Canada to go do the same job.

Their response will reveal their agenda - propaganda agents for Dangote and other wicked capitalists who don't mind énslaving every Nigerian so long they keep topping or getting mentions on Forbes billionaires list

He should bring all his money and share to the workers cos they built him the refinery.
If only you guys used this energy to struggle for a better minimum wage (other than N70k) all these arguments would not have arisen.
The abroad you talk of, na minimum wage them dey earn their. You guys should leave dangote alone. The workers knew the pay, but insisted on the work. Even after the sack with continuous pay, they still insist on the job.

Its unfair comparing Dang refinery with Oil exploration/mining companies.
Dang refinery buys oil(sometimes in dollars) refines and sell. The oil mining companies just draw the oil from the ground and sell.
Their operations are different so also their turnover. Compare them.with other refineries.

Tomorrow is GTCO dividend qualification date😎

yMcy56:
Oga Agba, this your GTB dey too stubborn o 😁
Closed @99 on top the N1 interim.

** Meanwhile, Ellah also closed on full bid..

SonofElElyonRet:
@emmanuelewumi
Kindly note the bolded about December deadline for payment. If there is/are no private investor(s) on ground, would Ellah lakes be talking about December? Just processing the facts

Ellah Lakes Plc has entered into an agreement for the acquisition of shareholding of Agro-Allied Resources & Processing Nigeria Limited (ARPN) from ARPN PTE Limited, Singapore (ARPN PTE).

This move is in line with Ellah Lakes Plc strategy to deepen its operational footprint, scale efficiencies, and drive national food security impact.

The transaction will involve the acquisition of 100 percent shareholding of ARPN, and its closing is targeted for December 2025, subject to satisfaction of all conditions precedent.

I believe we are witnessing NGX's first SPAC



A Special Purpose Acquisition Company (SPAC) is a shell company created solely to raise capital from investors to acquire or merge with an existing private company, effectively taking it public without a traditional Initial Public Offering (IPO). These "blank check" companies have no commercial operations of their own, existing only as a vehicle to find and merge with a target private company.
How SPACs Work

Formation:
A SPAC is formed by investors, known as sponsors, with no predetermined acquisition target.

IPO:
The SPAC then raises money through a public offering, listing its shares on a stock exchange.
Acquisition:
With the capital raised, the SPAC searches for a private company to acquire or merge with.
Going Public:
Once a target is identified and the deal is approved, the private company merges with the SPAC and becomes publicly traded, using the SPAC's existing public listing.

Key Characteristics

Shell Company: A SPAC is a "shell" with no assets other than the cash from its IPO.

Blank Check: Investors place their trust in the management team's expertise to find a suitable target.
Alternative to IPO: SPACs offer a faster route for private companies to become publicly traded compared to the complex IPO process.

Risks and Considerations

Less Transparency: The process can be less transparent than a traditional IPO.
Speculative Nature: SPACs can be highly speculative, and investors have lost money on some of them.

yMcy56:
Chams crossed 4 already!
What a pleasant surprise......

ELLAHLAKES on full bid @14.81!
Just wow! 😲
Conductor don lock door against Street.... 😁

If you missed out of Ellah, don't miss out of VFD....

Please what is the gist on VFD?

nosa2:
I believe we are witnessing NGX's first SPAC



A Special Purpose Acquisition Company (SPAC) is a shell company created solely to raise capital from investors to acquire or merge with an existing private company, effectively taking it public without a traditional Initial Public Offering (IPO). These "blank check" companies have no commercial operations of their own, existing only as a vehicle to find and merge with a target private company.
How SPACs Work

Formation:
A SPAC is formed by investors, known as sponsors, with no predetermined acquisition target.

IPO:
The SPAC then raises money through a public offering, listing its shares on a stock exchange.
Acquisition:
With the capital raised, the SPAC searches for a private company to acquire or merge with.
Going Public:
Once a target is identified and the deal is approved, the private company merges with the SPAC and becomes publicly traded, using the SPAC's existing public listing.

Key Characteristics

Shell Company: A SPAC is a "shell" with no assets other than the cash from its IPO.

Blank Check: Investors place their trust in the management team's expertise to find a suitable target.
Alternative to IPO: SPACs offer a faster route for private companies to become publicly traded compared to the complex IPO process.

Risks and Considerations

Less Transparency: The process can be less transparent than a traditional IPO.
Speculative Nature: SPACs can be highly speculative, and investors have lost money on some of them.

How does this relate to Ellah? Ellah has said it's raising N250b already

ojeysky:
Chams is heading to 10 like this

Let's see how far Chams will go this time. That was how Neimeth went up to around N11.00 but has now crashed down to around N6.00

megawealth01:
LASACO that people here will still chase when it's TIME

I agree too. Lasaco is one stock that will move up greatly when the time comes.

essentialone:
Thanks a lot.

Updated. Kindly confirm pls

Mpeace:
He should bring all his money and share to the workers cos they built him the refinery.
If only you guys used this energy to struggle for a better minimum wage (other than N70k) all these arguments would not have arisen.
The abroad you talk of, na minimum wage them dey earn their. You guys should leave dangote alone. The workers knew the pay, but insisted on the work. Even after the sack with continuous pay, they still insist on the job.

Its unfair comparing Dang refinery with Oil exploration/mining companies.
Dang refinery buys oil(sometimes in dollars) refines and sell. The oil mining companies just draw the oil from the ground and sell.
Their operations are different so also their turnover. Compare them.with other refineries.

Have you worked in any Nigerian company? If yes, for how long?

If you had the choice to continue working for the Nigerian company or travel to Canada to work in a similar role for the next ten years, which will you prefer and why?

These are straightforward questions. If you quote me without answering them I'll block you cos I'll believe you are just another uninformed propaganda tool.

yMcy56:
Chams crossed 4 already!
What a pleasant surprise......

ELLAHLAKES on full bid @14.81!
Just wow! 😲
Conductor don lock door against Street.... 😁

If you missed out of Ellah, don't miss out of VFD....

Any update on their RI.
Are they still planning it @10??
I think people can wait to get the RI except that I see the RI taken completely by existing shareholders.

Joyful365:
Have you worked in any Nigerian company? If yes, for how long?

If you had the choice to continue working for the Nigerian company or travel to Canada to work in a similar role for the next ten years, which will you prefer and why?

These are straightforward questions. If you quote me without answering them I'll block you cos I'll believe you are just another uninformed propaganda tool.

Please block me, I want to know how it feels. Dangote refinery is a Nigerian company not a Canadian company.

SonofElElyonRet:
How does this relate to Ellah? Ellah has said it's raising N250b already

SPAC is not a bad thing. If you cant see it you wont see it and heaven knows I don't have energy to type it

essentialone:
I agree too. Lasaco is one stock that will move up greatly when the time comes.

Peers in the insurance sector have left LASACO behind, weirdly.

MBENEFIT was selling 67 kobo a few weeks ago. It's now selling above LASACO.

They say LASACO has too much OS abi float.

nosa2:
SPAC is not a bad thing. If you cant see it you wont see it and heaven knows I don't have energy to type it

You're right. I can't see it. Ellah announced it's raising N250b to acquire significant agricultural asset(s) which communicates that it'll be Ellah raising the funds via sale of new shares.. good morning