₦airaland Forum

Precious201010:
it's more than that... Dollar is above 1,000 Naira, a million dollars is above 1 billion Naira, so 100 million dollars is more than 100 billion Naira.

Dogalmighty17:
Dangote, on October 22, 2025, said the refinery could sell up to 10 percent stake in the listing, which Bloomberg valued to be about $5 billion.

In less than 2 years of operation, that refinery is now worth 50 billion dollars if we are to believe Bloomberg. See how the rich multiply wealth. It is astonishing.

Dogalmighty17:
Dangote, on October 22, 2025, said the refinery could sell up to 10 percent stake in the listing, which Bloomberg valued to be about $5 billion.

In less than 2 years of operation, that refinery is now worth 50 billion dollars if we are to believe Bloomberg. See how the rich multiply wealth. It is astonishing.

Basicend:
For Femi to want to expose himself of such huge amount to Dangote refinery, he surely have clear reports from Dangote and other sources of how liquid and profitable the project is.

Even considering that he is divesting his exposure from Geregu Power to this one, shows how viable the Dangote refinery plan is.

Nigerians that have the cash should consider investing massively too.

Mayflowa:
You don’t understand how it works. Every company has a certain number of shares but when it is private company only by valuation of assets and goodwill that they got $5B. But when you go public, you will give an amount to each share times the total number of shares. If Dangote has 5billion share and says each share is $10, that will be $50B valuation
All of a sudden he will become very rich because he is only giving out 10% of the shares. In true sense, he doesn’t have that physical cash. But he can be lucky some company can acquire it by $60 billion even about the valuation by share

AAADE:
Which exchange rate you use to do your own conversion?

TallNigerian:
I am just praying to God that before the IPO, I should be able to raise some substantial money en bloc (like 25-35m) that I can invest in DRL. In 10 years, the investment must have tripled. God help me o abeg

Mayflowa:
You don’t understand how it works. Every company has a certain number of shares but when it is private company only by valuation of assets and goodwill that they got $5B. But when you go public, you will give an amount to each share times the total number of shares. If Dangote has 5billion share and says each share is $10, that will be $50B valuation
All of a sudden he will become very rich because he is only giving out 10% of the shares. In true sense, he doesn’t have that physical cash. But he can be lucky some company can acquire it by $60 billion even about the valuation by share

Eriokanmi:
This is good. Instead of lavishing his wealth on trips to Monaco all the time. Dangote is really teaching them on wealth creation and how to sustain it. Given all the opportunities he had, otedola could have owned either power plants or a functional refinery today. He was so favoured just like dangote. I remember the otedola vessels, Ote1,Ote2 and Ote3 oil vessels. They've all disappeared today

antimater:
$100M isn't that much....maybe because this is Nigeria

KingAzubuike:
The rich are only friends with the rich, marry each other's sons and daughters off. Tell me, does the common man have any hope?

Daniluv1:
We must not die poor in Jesus name somebody help me say amen

See money Chai

EmekaBlue:
See Money. 100million USD. Na waa o! All his children are made for life. No wonder that DJ cuppy dey enjoy this her Dad money wella.

TallNigerian:
I am just praying to God that before the IPO, I should be able to raise some substantial money en bloc (like 25-35m) that I can invest in DRL. In 10 years, the investment must have tripled. God help me o abeg

GreenCovering:
Does that mean that only him wants to corner the lion's share of the IPO on offer?

Sonofgod1990:
The money is not much bro. Just that you don't have it

OctavianAC:
Where is ppogba, Kalulu44 and javid13? Come and see you champion buying share from Dangote after i gave him the best advice.

Sonofgod1990:
The money is not much bro. Just that you don't have it

OctavianAC:
Where is ppogba, Kalulu44 and javid13? Come and see you champion buying share from Dangote after i gave him the best advice.

SonOfDSoil01:
Otedola with the money……….silent billionaire wey no Dey make noise unlike some noise makers, ndi money na water people wey Forbes no even recognise

BeautifulMind2:
Anu he should have build his on refinery? He had to sale his stake in power plant to be able to raise money to by $100 million stake in Dangote refinery 😂 while Tonye Elumelu bought $500 million stake in Seplat to be the biggest single biggest shareholders in Seplat without selling his shares in transcorp, Tonye still control transcorp 😂 tomorrow you will be comparing Tonye Onyebuchi Elumelu an Igbo man with Otedola?

Daniluv1:
We must not die poor in Jesus name somebody help me say amen

See money Chai

BeautifulMind2:
Anu he should have build his on refinery? He had to sale his stake in power plant to be able to raise money to by $100 million stake in Dangote refinery 😂 while Tonye Elumelu bought $500 million stake in Seplat to be the biggest single biggest shareholders in Seplat without selling his shares in transcorp, Tonye still control transcorp 😂 tomorrow you will be comparing Tonye Onyebuchi Elumelu an Igbo man with Otedola?