₦airaland Forum

https://www.youtube.com/watch?v=qtvG53mq_GA

NGX Daily Market Summary for today.

Lucky to have safely exited from EUNISELL today with a 50%+ profit, having been stuck in it since February. A scalp trading turned swing trading.

ogawisdom:
Dangote refinery IPO now moved from June to September 2026

How them take know the figures? Have they started the subscription codedly? I thought brokers would announce it like all these rights issues?

My Take on the Anticipated Refinery IPO. If you are not invited to the Private Placement or you are unable to afford it, kindly stay away from the IPO and here are my reasons.

1. The people/companies buying the private placement will get it at a huge discount. They will take out millions and billions of $$$ loans at cheap rates to buy the private placement.

2. The private Placement holders will not buy blindly, they will be shown the books and workings of the business in live tours and in a PP Prospectus; so they will surely be buying at fair value with adequate knowledge of the numbers.

3. After the Private Placement, the IPO will hold at a premium price. This is where the poor and middle class go to submit their hard-earned money.

Just as a certain "OF" is already trumpeting that he will be investing $100M in the refinery, all the big names that matter locally and internationally, both individuals and corporate will queue up for photoshoot during the IPO launch and many will rush in but beware, none of them will be buying the IPO with you as they have already bought the private placement at a cheaper price.

PFAs will rush the IPOs and trumpet it because their Board members will be part of the Private Placement using corporate shields or SPVs and secondly, the pension fund they are administrating is not really their money, so who cares.

4. Immediate after the IPO is closed, the Private Placement shares will be listed on the NGX at the same price the IPO was sold and there will be a scramble; but due to scarcity, the price will be driven high above the Listing Price, yet people will not see it to buy.

5. Those Private Placement Investors that took loans to buy the PP Offer will sell/release their shares at a very high price. They will repay back the loan they took plus interest. They will now be left with FREE Refinery shares that cost them zero Naira/$$$. The investors among them can afford to sit and wait for years since the shares now cost nothing; while the traders among them will book profit and wait for the price fall to re-buy again.

6. After the above has happened, the IPO shares will be listed and the same poor and middle class will start struggling to book profit at the high price they are seeing but alas, it is going to be on full-offer and down the hill it goes from there. Imagine competing with the uninformed public who simply bought because of the hype and bragging rights of "I own Refinery Shares."

7. When the price is thoroughly beaten down, the patient-investors who stayed away from the IPO and those private placement traders who sold their free shares will mop up at bargain price because when it comes to business and investing, history does repeat itself.

As a final note, when the poor and middle class wants to buy a car, they seek advice from public opinions and car sales people. But when the rich wants to buy a car, they consult their rich friends, lawyers, financial advisers and bankers. The same principle applies to stocks. Just as cars are sold by car salesmen, that is how stocks are sold by stockbrokers; so use your tongue to count your teeth.

Disclaimer: The scenario i painted above is just an illustration and figment of my own imagination. Please do not take it as financial advice. You are responsible for how you interpret the fictional story above.

My Wema Bank Dividend hit my account a few hours ago. Sweet Wema👍

DANGREFINE

Ding

BUA Cement dividend 👌

GeneralDae:
Ding

BUA Cement dividend 👌

I sold my bua two months ago. Hope I'm qualified

Asangbekoko:
My Wema Bank Dividend hit my account a few hours ago. Sweet Wema👍

Congrats! I haven't received mine

Does anyone have any information about the private placement?

222Martins:
My Take on the Anticipated Refinery IPO. If you are not invited to the Private Placement or you are unable to afford it, kindly stay away from the IPO and here are my reasons.

1. The people/companies buying the private placement will get it at a huge discount. They will take out millions and billions of $$$ loans at cheap rates to buy the private placement.

2. The private Placement holders will not buy blindly, they will be shown the books and workings of the business in live tours and in a PP Prospectus; so they will surely be buying at fair value with adequate knowledge of the numbers.

3. After the Private Placement, the IPO will hold at a premium price. This is where the poor and middle class go to submit their hard-earned money.

Just as a certain "OF" is already trumpeting that he will be investing $100M in the refinery, all the big names that matter locally and internationally, both individuals and corporate will queue up for photoshoot during the IPO launch and many will rush in but beware, none of them will be buying the IPO with you as they have already bought the private placement at a cheaper price.

PFAs will rush the IPOs and trumpet it because their Board members will be part of the Private Placement using corporate shields or SPVs and secondly, the pension fund they are administrating is not really their money, so who cares.

4. Immediate after the IPO is closed, the Private Placement shares will be listed on the NGX at the same price the IPO was sold and there will be a scramble; but due to scarcity, the price will be driven high above the Listing Price, yet people will not see it to buy.

5. Those Private Placement Investors that took loans to buy the PP Offer will sell/release their shares at a very high price. They will repay back the loan they took plus interest. They will now be left with FREE Refinery shares that cost them zero Naira/$$$. The investors among them can afford to sit and wait for years since the shares now cost nothing; while the traders among them will book profit and wait for the price fall to re-buy again.

6. After the above has happened, the IPO shares will be listed and the same poor and middle class will start struggling to book profit at the high price they are seeing but alas, it is going to be on full-offer and down the hill it goes from there. Imagine competing with the uninformed public who simply bought because of the hype and bragging rights of "I own Refinery Shares."

7. When the price is thoroughly beaten down, the patient-investors who stayed away from the IPO and those private placement traders who sold their free shares will mop up at bargain price because when it comes to business and investing, history does repeat itself.

As a final note, when the poor and middle class wants to buy a car, they seek advice from public opinions and car sales people. But when the rich wants to buy a car, they consult their rich friends, lawyers, financial advisers and bankers. The same principle applies to stocks. Just as cars are sold by car salesmen, that is how stocks are sold by stockbrokers; so use your tongue to count your teeth.

Disclaimer: The scenario i painted above is just an illustration and figment of my own imagination. Please do not take it as financial advice. You are responsible for how you interpret the fictional story above.

Seems like it is private

lexy2lexy:
Does anyone have any information about the private placement?

jckgroup1:
Refunds currently dropping for those who applied for more RI than they qualified for.

Just received mine but it was half the amount. I applied for more rights. I am guessing they only allotted half of my request.

Streetinvestor2:
It does not matter if it is 20 yrs ago because some people bought it at that price and may still be holding it.So the market has definition of all time high and not what anyone feels...nagode

I am one of them o. I no even know where the certificate dey again.

222Martins:
My Take on the Anticipated Refinery IPO. If you are not invited to the Private Placement or you are unable to afford it, kindly stay away from the IPO and here are my reasons.

1. The people/companies buying the private placement will get it at a huge discount. They will take out millions and billions of $$$ loans at cheap rates to buy the private placement.

2. The private Placement holders will not buy blindly, they will be shown the books and workings of the business in live tours and in a PP Prospectus; so they will surely be buying at fair value with adequate knowledge of the numbers.

3. After the Private Placement, the IPO will hold at a premium price. This is where the poor and middle class go to submit their hard-earned money.

Just as a certain "OF" is already trumpeting that he will be investing $100M in the refinery, all the big names that matter locally and internationally, both individuals and corporate will queue up for photoshoot during the IPO launch and many will rush in but beware, none of them will be buying the IPO with you as they have already bought the private placement at a cheaper price.

PFAs will rush the IPOs and trumpet it because their Board members will be part of the Private Placement using corporate shields or SPVs and secondly, the pension fund they are administrating is not really their money, so who cares.

4. Immediate after the IPO is closed, the Private Placement shares will be listed on the NGX at the same price the IPO was sold and there will be a scramble; but due to scarcity, the price will be driven high above the Listing Price, yet people will not see it to buy.

5. Those Private Placement Investors that took loans to buy the PP Offer will sell/release their shares at a very high price. They will repay back the loan they took plus interest. They will now be left with FREE Refinery shares that cost them zero Naira/$$$. The investors among them can afford to sit and wait for years since the shares now cost nothing; while the traders among them will book profit and wait for the price fall to re-buy again.

6. After the above has happened, the IPO shares will be listed and the same poor and middle class will start struggling to book profit at the high price they are seeing but alas, it is going to be on full-offer and down the hill it goes from there. Imagine competing with the uninformed public who simply bought because of the hype and bragging rights of "I own Refinery Shares."

7. When the price is thoroughly beaten down, the patient-investors who stayed away from the IPO and those private placement traders who sold their free shares will mop up at bargain price because when it comes to business and investing, history does repeat itself.

As a final note, when the poor and middle class wants to buy a car, they seek advice from public opinions and car sales people. But when the rich wants to buy a car, they consult their rich friends, lawyers, financial advisers and bankers. The same principle applies to stocks. Just as cars are sold by car salesmen, that is how stocks are sold by stockbrokers; so use your tongue to count your teeth.

Disclaimer: The scenario i painted above is just an illustration and figment of my own imagination. Please do not take it as financial advice. You are responsible for how you interpret the fictional story above.

I doubt if the private placement would be at a discount to the IPO price. The reason is there is already huge awareness and interest by the public, so once the PP is placed with the few high networth investors, idustry watchers and market players would get to know the price and it would be difficult for Alhaji to later offer same shares to the general public at higher price for the IPO, unlike what usually happens under normal PP.

https://open.spotify.com/episode/6KZm87KtOojQGufUzyPF8M

https://podcasts.apple.com/us/podcast/ngx-premarket-may-22-2026/id1810406988?i=1000769022902


A few stocks on my radar in today's trading session

Platforms are opening for Ghanaians and Kenyans to take part in the IPO as well. This is a good one. This could mean instead of cross listing across Africa (which would be difficult), the African countries would likely be able to access the shares easily on the NGX via their local platforms and buy it in naira but receive dividends in dollars. All they may have to do is open a USD wallet on the app.

https://mystocks.africa/dangote-ipo/ghana

Also for Kenyans:

https://mystocks.africa/dangote-ipo/kenya

megawealth01:
Otedola sold his own company, Gerengu to buy shares in Dangote’s Company. Big Money is Not Emotional. Small Money is emotionally connected to everything. Otedola is like the Warren Buffet of Nigeria - there’s no smarter investor in Nigeria than Otedola. Zero attachment to anything. He moves like the wind. He is called ORACLE by those close to him. When I grow up, I want to be like OTE-Dollar.

People are jealous that Dangote granted him $100M private allocation - but they fail to know that Otedola is Dangote’s most loyal mentee. If Dangote tells Otedola to jump, he will jump. Dangote has never also scammed him - a mentor must never scam a mentee. Our generation need to learn from these elders. I’m deeply inspired by the big Moves surrounding this Dangote Refinery IPO.
Truth be told, before the shares makes it to the public, long term friends would have taken important positions. The market will make friends richer.

Don’t envy the Dangote circle - build your own now. Start making BIG CORPORATE MOVES. Value relationships.

© Charles

"value relationship" this is what a friend of mine failed woefully at. He loves building relationships then use his own hands to scatter it..... governor says support my candidate and I will give you a good offer,this guy go contest and lost. His stubbornness want to lead him to court,I don talk tire.

Some big selfish men don't value relationship.

https://www.youtube.com/watch?v=IArm1qq03lM

A few stocks on my radar in today's trading session

GeneralDae:
Platforms are opening for Ghanaians and Kenyans to take part in the IPO as well. This is a good one. This could mean instead of cross listing across Africa (which would be difficult), the African countries would likely be able to access the shares easily on the NGX via their local platforms and buy it in naira but receive dividends in dollars. All they may have to do is open a USD wallet on the app.

https://mystocks.africa/dangote-ipo/ghana

Also for Kenyans:

https://mystocks.africa/dangote-ipo/kenya

This thing Alhaji is doing with the refinery IPO may affect Nigerians negatively. He is listing just about 10 percent and is opening the floodgates to everybody?. Nigerians are his number one customers and investors Who is Alhaji trying to impress? How many companies in other countries have done this for Nigerians? If he wants to open it up, then he should offer 30 percent or more to the public so that Nigerians can have more

mikeapollo:
This thing Alhaji is doing with the refinery IPO may affect Nigerians negatively. He is listing just about 10 percent and is opening the floodgates to everybody?. Nigerians are his number one customers and investors Who is Alhaji trying to impress? How many companies in other countries have done this for Nigerians? If he wants to open it up, then he should offer 30 percent or more to the public so that Nigerians can have more

You think Nigerian retail investors alone can take up the $5 Billion (currently almost 7 trillion naira) in a short time?

The Nigeria Immigration Service, Lagos State Command, has entered into a collaborative partnership with Lasaco Assurance Plc to drive sustainable institutional growth and operational synergy.

An interesting article on what retail investors should consider before investing in the IPO

https://africaoilgasreport.com/2026/05/refining-gap/inside-the-dangote-refinery-what-the-public-should-know-before-the-ipo/

Born2beRich1:
@feelamong its good but these companies are big cap stocks just like what oga stockbull said and the average nairalander wont be able to afford it for now...

However, i would like to educate the house too that when investing in the market aways open your ears for any news concerning your investments..

Why?

Because the market reacts to positive and negative news that filter around.

For example, when the market markers were introduced in 2012, there was a positive reaction from the market and when there was a global economic reccession in 2008, immediately there was a negative impact on the market..

Hope this little tip also helps too

This was 2013.... Saying GT, Nestle, Nigeria brewery are expensive.
Let compare the expensiveness to today.... Omoh. Over 10 years later

Errdrop:
This was 2013.... Saying GT, Nestle, Nigeria brewery are expensive.
Let compare the expensiveness to today.... Omoh. Over 10 years later

Interesting. They were also anticipating a possible market cap increase from 6.9 trillion to 8.8 trillion naira on the first page at the time (2012). 🥰

Now we are talking 160 trillion naira (over x 20).

It just seems like ages ago.

At this rate I don't think 10% will be enough.

PP already booked $2bn (that's 4% of $50bn). Which means only 6% will be made available via IPO...

mikeapollo:
This thing Alhaji is doing with the refinery IPO may affect Nigerians negatively. He is listing just about 10 percent and is opening the floodgates to everybody?. Nigerians are his number one customers and investors Who is Alhaji trying to impress? How many companies in other countries have done this for Nigerians? If he wants to open it up, then he should offer 30 percent or more to the public so that Nigerians can have more

essentialone:
The Nigeria Immigration Service, Lagos State Command, has entered into a collaborative partnership with Lasaco Assurance Plc to drive sustainable institutional growth and operational synergy.

Private placement for the Refinery is not as we know it. It is private persons indicating and asking to be part of the IPO.
They are asking for a slice of the IPO before commencement.
They are buying at the same price of the IPO.

222Martins:
My Take on the Anticipated Refinery IPO. If you are not invited to the Private Placement or you are unable to afford it, kindly stay away from the IPO and here are my reasons.

1. The people/companies buying the private placement will get it at a huge discount. They will take out millions and billions of $$$ loans at cheap rates to buy the private placement.

2. The private Placement holders will not buy blindly, they will be shown the books and workings of the business in live tours and in a PP Prospectus; so they will surely be buying at fair value with adequate knowledge of the numbers.

3. After the Private Placement, the IPO will hold at a premium price. This is where the poor and middle class go to submit their hard-earned money.

Just as a certain "OF" is already trumpeting that he will be investing $100M in the refinery, all the big names that matter locally and internationally, both individuals and corporate will queue up for photoshoot during the IPO launch and many will rush in but beware, none of them will be buying the IPO with you as they have already bought the private placement at a cheaper price.

PFAs will rush the IPOs and trumpet it because their Board members will be part of the Private Placement using corporate shields or SPVs and secondly, the pension fund they are administrating is not really their money, so who cares.

4. Immediate after the IPO is closed, the Private Placement shares will be listed on the NGX at the same price the IPO was sold and there will be a scramble; but due to scarcity, the price will be driven high above the Listing Price, yet people will not see it to buy.

5. Those Private Placement Investors that took loans to buy the PP Offer will sell/release their shares at a very high price. They will repay back the loan they took plus interest. They will now be left with FREE Refinery shares that cost them zero Naira/$$$. The investors among them can afford to sit and wait for years since the shares now cost nothing; while the traders among them will book profit and wait for the price fall to re-buy again.

6. After the above has happened, the IPO shares will be listed and the same poor and middle class will start struggling to book profit at the high price they are seeing but alas, it is going to be on full-offer and down the hill it goes from there. Imagine competing with the uninformed public who simply bought because of the hype and bragging rights of "I own Refinery Shares."

7. When the price is thoroughly beaten down, the patient-investors who stayed away from the IPO and those private placement traders who sold their free shares will mop up at bargain price because when it comes to business and investing, history does repeat itself.

As a final note, when the poor and middle class wants to buy a car, they seek advice from public opinions and car sales people. But when the rich wants to buy a car, they consult their rich friends, lawyers, financial advisers and bankers. The same principle applies to stocks. Just as cars are sold by car salesmen, that is how stocks are sold by stockbrokers; so use your tongue to count your teeth.

Disclaimer: The scenario i painted above is just an illustration and figment of my own imagination. Please do not take it as financial advice. You are responsible for how you interpret the fictional story above.

faoogoke:
Private placement for the Refinery is not as we know it. It is private persons indicating and asking to be part of the IPO.
They are asking for a slice of the IPO before commencement.
They are buying at the same price of the IPO.

Private placement wont be at the same price as IPO

lexy2lexy:
Does anyone have any information about the private placement?

Do you need any information? If you get ya billions, just call their office 👀🫪

mikeapollo:
This thing Alhaji is doing with the refinery IPO may affect Nigerians negatively. He is listing just about 10 percent and is opening the floodgates to everybody?. Nigerians are his number one customers and investors Who is Alhaji trying to impress? How many companies in other countries have done this for Nigerians? If he wants to open it up, then he should offer 30 percent or more to the public so that Nigerians can have more

International investors will participate in the upcoming SpaceX IPO, and other such.

At the end of the day, over 95% of the Refinery will remain Nigerian held.
Aliko is throwing out only a scanty token for the sake of free trade and globalisation.
Also to raise some money.

He implied he had interest of up to $2bn, but that they won’t give the full interest.

KarlTom:
At this rate I don't think 10% will be enough.

PP already booked $2bn (that's 4% of $50bn). Which means only 6% will be made available via IPO...

222Martins:
My Take on the Anticipated Refinery IPO. If you are not invited to the Private Placement or you are unable to afford it, kindly stay away from the IPO and here are my reasons.

1. The people/companies buying the private placement will get it at a huge discount. They will take out millions and billions of $$$ loans at cheap rates to buy the private placement.

2. The private Placement holders will not buy blindly, they will be shown the books and workings of the business in live tours and in a PP Prospectus; so they will surely be buying at fair value with adequate knowledge of the numbers.

3. After the Private Placement, the IPO will hold at a premium price. This is where the poor and middle class go to submit their hard-earned money.

Just as a certain "OF" is already trumpeting that he will be investing $100M in the refinery, all the big names that matter locally and internationally, both individuals and corporate will queue up for photoshoot during the IPO launch and many will rush in but beware, none of them will be buying the IPO with you as they have already bought the private placement at a cheaper price.

PFAs will rush the IPOs and trumpet it because their Board members will be part of the Private Placement using corporate shields or SPVs and secondly, the pension fund they are administrating is not really their money, so who cares.

4. Immediate after the IPO is closed, the Private Placement shares will be listed on the NGX at the same price the IPO was sold and there will be a scramble; but due to scarcity, the price will be driven high above the Listing Price, yet people will not see it to buy.

5. Those Private Placement Investors that took loans to buy the PP Offer will sell/release their shares at a very high price. They will repay back the loan they took plus interest. They will now be left with FREE Refinery shares that cost them zero Naira/$$$. The investors among them can afford to sit and wait for years since the shares now cost nothing; while the traders among them will book profit and wait for the price fall to re-buy again.

6. After the above has happened, the IPO shares will be listed and the same poor and middle class will start struggling to book profit at the high price they are seeing but alas, it is going to be on full-offer and down the hill it goes from there. Imagine competing with the uninformed public who simply bought because of the hype and bragging rights of "I own Refinery Shares."

7. When the price is thoroughly beaten down, the patient-investors who stayed away from the IPO and those private placement traders who sold their free shares will mop up at bargain price because when it comes to business and investing, history does repeat itself.

As a final note, when the poor and middle class wants to buy a car, they seek advice from public opinions and car sales people. But when the rich wants to buy a car, they consult their rich friends, lawyers, financial advisers and bankers. The same principle applies to stocks. Just as cars are sold by car salesmen, that is how stocks are sold by stockbrokers; so use your tongue to count your teeth.

Disclaimer: The scenario i painted above is just an illustration and figment of my own imagination. Please do not take it as financial advice. You are responsible for how you interpret the fictional story above.

I just like the argument for and against this IPO with everyone presenting their perspective logically using historical facts.

Keep them coming guys it's what makes this platform solid. We need to see every side before concluding on the best strategy to adopt.

For me I will buy some say 30% in IPO and wait for listing to buy 70% if the price crashes as you postulated . I plan to hold for at least 5 years and with that I won't lose long term.