₦airaland Forum

ChiefOloye:
Then this quote must be peculiar to Nigerian big men, because in a normal corporate setting — especially in publicly listed companies — ownership determines control. If a company like the Dangote Refinery were to open up its shares widely to the public, and no single individual retained majority control, then technically a shareholder or a coordinated group of shareholders could acquire enough shares (over 50% or at least a controlling stake) to influence or even take over the company’s management and board decisions.

However, in reality,that may not be possible especially in environments like Nigeria, because major conglomerates are often structured in a way that preserves founder control.

It’s not only in our country that conglomerates preserve control by the founders. It’s a global phenomenon.

Meanwhile, we are grateful for PDP deregulation and privatisation policies that licensed Dangote refinery when A-looter Propaganda Conmen, APC were busy playing politics with our wellbeing.

lordprogress:
Nothing concern poor man with this one o.

…….especially in this APC Tinubu extreme poverty shege economy, where he is just squeezing out IGR from higher tax burden on people, with hyperinflation, unemployment, and still loads of debt for the next generation of Nigerian 🇳🇬 citizens.

Amotolongbo:
I remember this quote I heard from someone, “whenever the rich men are ready to cash out, they sell shares to the public” 🤔

You're not far from the truth. My advice is: buyer beware!!

Make I go get ready. First kinda of Nigerian shares I am ready to go all the way with whatever the weather.

Can't wait to see how expensive it is going to be per unit. 😅 But it is going to worth the while in the future. Make I buy some for my son.

humberjade:
Make I go get ready. First kinda of Nigerian shares I am ready to go all the way with whatever the weather.

Can't wait to see how expensive it is going to be per unit. 😅 But it is going to worth the while in the future. Make I buy some for my son.

Spot on. No more giveaway for now, all extra dollar goes to this.

humberjade:
Make I go get ready. First kinda of Nigerian shares I am ready to go all the way with whatever the weather.

Can't wait to see how expensive it is going to be per unit. 😅 But it is going to worth the while in the future. Make I buy some for my son.

N5000 per unit.

Shikena:
Spot on. No more giveaway for now, all extra dollar goes to this.

You get the drift...nah so o. No time to waste time.

abuhusna1:
When a poor man is not ready to make money he calls the rich thieves. Ask those who bought dangote sugar and dangote cement if they are not super rich

Don't tell us to ask.....
Please if you're one of those who bought kindly tell us how super rich was the payment of dividends and how much were you paid thr last time payment was done for such shares owned?

Like the shares we bought in AIT about 25 years ago. Not one Naira paid as dividend till today.

bixton:
Don't tell us to ask.....
Please if you're one of those who bought kindly tell us how super rich was the payment of dividends and how much were you paid thr last time payment was done for such shares owned?

my dangote sugar bought at 39 now 82. Some people got it for 10 naira. Depends on how long you can hold it.

abuhusna1:
When a poor man is not ready to make money he calls the rich thieves. Ask those who bought dangote sugar and dangote cement if they are not super rich

Leave the illiterate to be capping.That's why most of them can never become rich with that backward mentality and mindset.

He's ALREADY cashing out. Go and ask shareholders of Dangote Cement whether the company has ever missed one quarter of dividend payments before.
If Aliko chooses not to sell shares, that's more money in his pocket because the profits will be shared on the basis of who's ownership stake is bigger.

Amotolongbo:
I remember this quote I heard from someone, “whenever the rich men are ready to cash out, they sell shares to the public” 🤔

What a bold move . Pretty sure he have got in bed with some politischen befördert coming out.

It's a good idea to buy. The expansion project and diversification into the production of other derivatives from crude oil will make the share value appreciate over time.

FatimaAbubakar:
A typical African monopolist.

How do you mean a typical African monopolist? Are you forced to buy shares? Baseless bias

Amotolongbo:
I remember this quote I heard from someone, “whenever the rich men are ready to cash out, they sell shares to the public” 🤔

Baseless bias

Meerahbel:
N5000 per unit.

Oga, how are you privy to that info when it is not in the news yet? 😁

Insider trading? 😉

humberjade:
Oga, how are you privy to that info when it is not in the news yet? 😁

Insider trading? 😉

it could even me more than that $150 per share.

The world's first oil/petrol billionaire Rockefeller never cashed out. Neither did the European nobility.
ExxonMobil/Standard Oil and Royal Dutch Shell are still generating generational wealth through trust funds over 100 years later.

Friends, locate a copy of this book. ' Titan, The Life and Times of John D. Rockefeller, Sr. by Ron Chernow. There are a few free audiobook versions on-line. It's life changing and extremely educational!

Don't forget the Oga some of our NL children have nicknamed Pablo formerly worked for Mobil.😉

Personally I hope to be one of the first retail investors or shareholders in Dangote Oil Refinery soon. I'm not afraid to take the financial risk to create some generational well- being for my family and offspring.

I need to be guided on how to buy. Can anyone offer to help when that time comes?

I can't wait to buy the shares o!

Abeg when is it starting oo long overdue. Make my twin kids begin Dey acquire wealth away from naija. #2m worth to start with fess

FatimaAbubakar:
A typical African monopolist.

Just another self serving capitalist.

Not at allunique to Africa.

michoim:
How do you mean a typical African monopolist? Are you forced to buy shares? Baseless bias

She's right on recognizing his monopoly power in certain sectors.

That doesn't come about by chance or even by providing superior service.

Ask those who bought Dangote Cement shares then and how much it is worth now? Same with Dangote Sugar!
I think they looked well and leaped very well.

femi4:
Be careful, look wella before you leap

I can't wait to buy it... immediately they launch it...

TheMensch:
I need to be guided on how to buy. Can anyone offer to help when that time comes?

don't you have previous broker .. Because I have my broker already... They are the one managing my uba shares, transpower and other shares...

I think NL business historians would really appreciate listening to this book. Manage some time o because it's 34-35 hrs long but worth it.
For continuous play hit the autoplay button.

Titan: The Life of John D. Rockefeller, Sr.


https://ezaudiobookforsoul.com/audiobook/titan-audiobook/#tab-videos

I won't even advice my enemy to invest in Nigeria stock market, I invested in dangote flour and sugar till today no dividend nor bonus

Gajagojo:
This sounds very childish honestly

Just state your opinions without attributing to an imaginary quote from an imaginary someone

Are you not good enough to say that is what you believe?

dre11:
The President of the Dangote Group, Aliko Dangote, has announced that Nigerians will soon be able to invest directly in the Dangote Refinery, describing the move as part of efforts to broaden public ownership of the project.

Dangote made this known on Saturday while speaking with journalists during a tour of the facility by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, alongside members of the NNPC board and executive management team.According to him, plans are underway to allow individuals to purchase shares in the refinery within the next four to five months.

“Individually, Nigerians too will have an opportunity… in the next maximum four or five months, they will actually be able to buy their shares,” Dangote said.

The industrialist noted that NNPC currently holds a minority stake in the refinery on behalf of Nigerians.

“They are holding 7.25 per cent of the shares that we have here… and they are holding that on behalf of Nigerians,” he said.

Dangote added that investors would have flexibility in how they receive dividends from their investments.

“People will have a choice either to get their dividends in naira or to get their dividends in dollars because we earn dollars,” he said.

Beyond public investment, the billionaire businessman said the refinery would deepen collaboration with NNPC to strengthen operations and explore additional opportunities across the oil and gas value chain.

“I think the sky is the limit and we [NNPC and Dangote Refinery] will cooperate and also make sure that we work together to make sure that we make Nigerians proud,” he said.

On potential upstream partnerships, Dangote said discussions were ongoing.

“Most likely, depending on our own discussions with them, we will partner with them, maybe in some of the upstream. They, too, will partner with us here because here is not a refinery. It’s an industrial hub,” he stated.

He also disclosed that new industrial projects within the complex, including the production of linear alkylbenzene used in detergents, would position the facility as a key supplier across Africa.

“That raw material for detergent will be sufficient for the entire African continent… and we will deliver all this in the next 30 months,” he added.
https://punchng.com/nigerians-will-soon-be-able-to-buy-shares-in-refinery-dangote/

Impressive insights.