₦airaland Forum

megawealth01:
Insurance sector rally loading

crownprince2017:
You give person work he come sick for work,no be una go take care of am..

If player get injured for club no be club they treat them ..

KarlTom:
I queried ChatGPT

QUERY:
If 10billion shares are listed at an exchange rate of 1400NG₦/US$, what is the estimated listing price per share?

RESPONSE:
If the valuation is:

$50 billion and 10% is being listed, then the IPO size is about $5 billion.

Now assuming:

10 billion shares are offered at an exchange rate of ₦1,400/$

Then:

# Step 1 - Convert IPO size to naira

$5billion * 1,400 = ₦7trillion

# Step 2 - Divide by number of shares

₦7trillion / 10 billion shares = ₦700 per share

📌 Estimated Listing Price

≈ ₦700/share

That would immediately make Dangote Petroleum Refinery and Petrochemicals one of the most valuable listed companies in Africa by market capitalization.

mikeapollo:
These are the people that would cause oversubscription and deny ordinary investors the opportunity to be allotted in full.

essentialone:
Universal Insurance is out for Rights Issue at N1.20, when their market price is N1.07

GeneralDae:
Africa’s largest refinery, the Dangote Refinery, is set to deploy Point-of-Sale (POS) terminals, fintech platforms, and mobile technology to drive retail participation in what is expected to become the largest public offer in Africa.

Nairametrics

megawealth01:
Lonely at the top...

GeneralDae:
Is there any Government since the 1970’s (after Murtala Muhammad) that has blocked leakages and corruption like this Government? Show me one and I would concede.

AngelSlay:
No loud am!

GeneralDae:
Of course they are still there and I agree. But this Government tackled and is still tackling the biggest ones:

Leakage from FX rate duality
Leakage from fuel subsidy
Leakage from NNPC fees retention (now to be remitted to FAAC)
MDA leakages
Leakages from outdated (colonial era) tax systems

mikeapollo:
Abeg, forget that hype!
The insurance sector in Nigeria is still fragile.
No one expected the industry to go down so low after the financial sector recapitalization in 2004/2006

SonofElElyonRet:
I hope they will not return people's money when there's oversubscription.. make dem take time

mikeapollo:
A govt and a president that wrote off NNPC's debt of unremitted revenues in the most reckless and irresponsible manner without approval by national assembly?
That is another example of corruption and lack of accountability in this govt.
Where this the president get the powers under the constitution to write-off the debts of an institution like NNPC?

GeneralDae:
You are right that these things should be done constitutionally and I agree with you. However, I have no problem with writing off NNPC ‘s debt. It is to fast track their eventual IPO in Nigeria and London stock exchanges before 2028. You don’t want subsidy debts weighing them down as they clean their books. The FG was also in debt to NNPC for the long years of subsidies which crippled NNPC until they couldn’t take it anymore and stopped remitting to the CBN in 2022.
In July 2024 (during the subsidy regime), international oil marketers revealed NNPC were indebted to them and the amount was a staggering $6 Billion.
But be that as it may, you are right that the Government should be more transparent and democratic in these processes.

mikeapollo:
And you believe the crap that NNPC is going to an IPO in London and Nigeria? IPO for what? The 4 dead refineries or the former Oando filling stations?
Only ignorant people would buy such IPO in a govt company that operates with no transparency and accountability.
Any serious major investor would revive that debt matter and resolve it before they put money down

GeneralDae:
If you followed the World Bank reports you would see that their report in Q1 2025 stated that NNPC have started paying back the debts immediately after the subsidy was completed stopped in October 2024.

mikeapollo:
And NNPC want to do IPO in London? For what business? Filling stations or dead refineries?
You can believe anything from this govt! Good luck.

Agbalowomeri:
With all the premium they collect year in year out, no reasonable dividends

megawealth01:
We go list WHO for Nigeria Stock Exchange

mikeapollo:
And NNPC want to do IPO in London? For what business? Filling stations or dead refineries?
You can believe anything from this govt! Good luck.

The govt even said that they stopped subsidy altogether in Jun2023. So why October 2024 again? Have they been paying subsidy for 16 months from Jun2023 to October 2024?
Lies will be needed to cover lies

yMcy56:
Oga Emma, you're happy we are losing money?
Issorite o.....
Maybe you should direct your posts to your fellow investors.....
As for traders, we will be fine in the short run.....

I could remember alerting the house when people could not see ZICHIS to buy, that the plan was to start releasing it @15...
When offers were available @17+ I alerted people and they picked ...
I knew personally of someone that got it @8...
I wonder what your advice to those people will be after making over 300% profit.

I've understood your pattern....so I won't be moved as such.

Was ZICHIS the only stock in NGX or the only stock manipulated according to you?
Why were you particular about the stock when it wasn't the only one moving up in the market?
I guess you would have stopped the Bull from running in the market OR you cornered it to only yourself if you have your way sir.

People buying are using their funds to buy, Dem no borrow from you nah....
Highest, sound your warnings and allow people make their choices.....
Na everybody go be Methuselah investor?
You're now bitter because you weren't part of the party...

Either anyone likes it or not, you can't dictate what the market should or should not do, that's what I blvd.

TIP @40 for instance, what does TIP sell to be trading at that price?
The same NAHCO you're marketing, what took it to above 200?
Pure sentiments!

GeeKudi:
No Street is turning red bro. Abi you want to use bleaching cream ni.
No individual or group is bigger than the country. You threatened worse than this in 2023, nothing happened. Losers will go home as much as the winners will rejoice and Nigeria will continue to prosper. Just recently, 'disgraced' NGX was going to 'collapse' but here we are still making money and ASI rising like freshly leavened dough while the Sokoto instigator continues to eat his beans.

Yoursfaithful:
But madam , I don't think its oga Emma that caused the fall ...the phobia is already on social media even before oga Emma released his Analysis..the whole problem started from the Corporate disclosure from ZICHIS MD..who does that ..you came to the market in less than 6months to raise capital and all of a sudden you start selling part of your holdings..what's impression is she creating to investors you're begging to come and invest in your company. Md sold at 36naira and would expect a non investor to buy at 43naira ..someone that its part of her daily life and has insider knowledge about everything going on there sold off after almost 4000% and you expect a novice like me to the company to come and pack same stocks at 43naira..haba now..the MD caused the whole thing..atleast she ought to have shown workings enough even a minimum of 2yrs or 3yrs before selling part of her holdings and not immediately after listing..no be mugu dey this market now

GeneralDae:
Is there any Government since the 1970’s (after Murtala Muhammad) that has blocked leakages and corruption like this Government? Show me one and I would concede.

KarlTom:
The stars are aligning for DANGREFINE