₦airaland Forum

The private placement is not the IPO.

The IPO is still coming, likely in August or September.

Get your money ready.

Bankowner:
I was waiting for the IPO. I had joined the IPO interest waitlist with Coronation Registrars until they quickly withdrew the mail about it. Now Dangote Refinery has gone ahead with a private placement which definitely is meant for high networth individuals. This isn't fair at all.

What has the average everyday Nigerian gained that Dangote is from Nigeria except exploitation and squeezing of life out of him.

If Dangote builds refinery, fuel will be cheaper they said and we supported it only for us to understand globalized pricing. Dangote cement is sold more than it is done in all other African countries. Everything Dangote has no human or Nigerian face.

What actually is our gain from Dangote?

NaijaphiliaBlog:
The private placement is not the IPO.

The IPO is still coming, likely in August or September.

Get your money ready.

I know that. My grouse is that the private placement depletes the volume of shares that will be available for the IPO. The PP is just an avenue to take care of the well to do. It's the crumbs that'll come to the general public as IPO. They know already that the IPO will be over subscribed, so why not take care of the rich first?

Dangote still dey find money
Who I be wey ah no go find money self

Abeg dangote we dey the hustle together.
Distance bin large between us but the spirit is the same my man

Bankowner:
I know that. My grouse is that the private placement depletes the volume of shares that will be available for the IPO. The PP is just an avenue to take care of the well to do. It's the crumbs that'll come to the general public as IPO. They know already that the IPO will be over subscribed, so why not take care of the rich first?

Many Private Companies test the valuation waters with Private Placement ahead of big or major IPO. Recent ones include
OpenAI (ChatGPT), SpaceX and Anthropic (Claude).

https://moneycentral.com.ng/companies/article/spacex-weighs-tender-offer-at-roughly-350-billion-valuation-bloomberg/

https://www.bloomberg.com/news/articles/2025-10-02/openai-completes-share-sale-at-record-500-billion-valuation

https://ng.investing.com/news/stock-market-news/anthropic-plans-employee-share-sale-at-350-bln-valuation-bloomberg-2321928

That gives an institutional investor base ahead of an IPO and helps with price and valuation discovery. The Dangote Refinery IPO will still happen in August or thereabouts so get your firepower ready.

obaski5:
Is he supposed to stop growing because you dont see opportunities or you want him to come spoon feed you. The sky is wide enough for whichever bird wants to fly. I wish him and myself continuous growth.

I'm not surprised. Tinumbu and APC supporters hardly have any sensible thing to say. Vamoose!

Demonic01:
Ignorance is also a phenomenon that destroys the thought process of you lots.

Monopoly is part of BUSINESS POLITICS.

Nobody is stopping any individual to build a refinery and produce Cement in Nigeria unlike Ibeto that was rebagging imported Cement and failed to reach a deal with Ebonyi State govt to produce cement locally yet he expected the government to give him more privileges than Dangote that was manufacturing his own cement here in Nigeria.

You think Business politics is played with Emotion where individuals will dictate the market because of some silly mood drives abi swings ⁉️

Nah ignorance and hate dey worry all of una. ‼️😒

Who be this one? Vamoose!

harryboyng:
...money na water...na economy no gree reflect...cost of fuel is killing the living...how ordinary man wan run business for this country with the high cost of fuel and low patronage..

na u no want think

kgr8mike:
What has the average everyday Nigerian gained that Dangote is from Nigeria except exploitation and squeezing of life out of him.

If Dangote builds refinery, fuel will be cheaper they said and we supported it only for us to understand globalized pricing. Dangote cement is sold more than it is done in all other African countries. Everything Dangote has no human or Nigerian face.

What actually is our gain from Dangote?

No businessman or woman is in the business of selling at prices that suit you, na the one that suit themselves.

Kingpele:
This is why he's increasing fuel like we are under US attack ...he want to reach like 500billion before Nigerians will benefit from having refinery in Nigeria ..very greedy man

So you expect petrol to be stagnant when oil prices rises?

NwokoloOwa:
After he will tell us that the tax in Nigeria is killing him. When he is really the one killing us.

Just look at how our blood is making him stupendously rich

After using tribe and religion to vote in bad government, blame Dangote for your suffering!

kgr8mike:
What has the average everyday Nigerian gained that Dangote is from Nigeria except exploitation and squeezing of life out of him.

If Dangote builds refinery, fuel will be cheaper they said and we supported it only for us to understand globalized pricing. Dangote cement is sold more than it is done in all other African countries. Everything Dangote has no human or Nigerian face.

What actually is our gain from Dangote?

When the next election comes, use tribe and religion to vote in bad government and blame Dangote later!

..abeg..wetin be the solution?..cos e dey affext my business...

DMCA:
na u no want think

..oh..how then will the ordinary sales man make sales when the people to patronise him cannot even afford what he sells?...fuel been the basics.. affect everything in Nigeria..

nairalanda1:
The unfortunate thing about life is that no businessman, be it Dangote or the hawker on your street, is working for the benefit of your pocket...they are working for the benefit of their pocket.

If they started reducing prices so that you can enjoy life, the hawker will soon become a beggar, and dangote refinery will become scrap, and Nigeria would start wasting forex on importing fuel again

harryboyng:
..oh..how then will the ordinary sales man make sales when the people to patronise him cannot even afford what he sells?...fuel been the basics.. affect everything in Nigeria..

You don';t buy it if ye cannot afford.

Or ye cut costs.

I hate the facts, but there we are.

..no be lie..

nairalanda1:
You don';t buy it if ye cannot afford.

Or ye cut costs.

I hate the facts, but there we are.

harryboyng:
...money na water...na economy no gree reflect...cost of fuel is killing the living...how ordinary man wan run business for this country with the high cost of fuel and low patronage..

increase productivity

AderonkeOlaniyi:
Poverty is a phenomenon that destroys the mind. Looking at the comments here will tell you what poverty has done to the average Nigerian.

A man who monopolized many markets through political connections, not to bring succour to the people but to impoverish them is being praised for that by same people.

mention one market he monopolized

Was he the only one with connection
Where are the others
So the jobs he had created is not succour because e no reach you
You prefer fuel scarcity every 6 months abi

You think one industry will solve all our problems

Think before you talk

Where had socialism worked

How many are capitalist in Nigeria out of 200 million

We are done to whatever we choose

Reference:
Fewer Nigerians care about this than ten years, five years even a year ago when there was much hope about his venture into the petroleum sector. Turning out to be a bit of a damp squib and archetypical of his other ventures and calling into question whether the capitalist model of large scale private industrialization drive will actually translate into a better economic experience for all. Are we doomed to be a 'trading' and procurement country.

AderonkeOlaniyi:
The same poor Nigerians who have been impoverished further by his monopolies are here praising him. You can imagine what poverty and illiteracy can do to a people.

how did he impoverish them

Marketers wanted to add 75 naira for doing nothing

And your here talking through your anoose

omoredia:
This guy just dey divert Nigerians wealth into his pocket. And that of corrupt politicians. Chai! Bible has said it oo. For a cursed people strangers will rule over them.

you prefer to divert to abroad or do you think bfor you talk

omoredia:
Many mumu Nigerians still believe Dangote is a Nigerian like them. Somebody that has full backing of his Arab Islamist pay masters in Saudi.

and in your mind they are happy to see competition in refining?
No be una fault
Na cheap data cause am

ZACHIE:
Kokanye
He is still not going to dent Elon Musk fortune.
Baba, reduce fuel money. Na beg we beg

reduce so his investment will collapse them we go back to same price, scarcity every six month, no jobs created and bag fuel knocking engines.
Be quiet when adults are talking

You forgot the fuel scarcity when there was no dangote so quickly
You are too be ignored

omoredia:
For Nigeria to be good people like Dangote will have to cry. Do you think Dangote has any problem with all the issues of Nigeria today? Nigeria are to educated to have a brain to think

What do civil servants produce

gloryman91:
There is serious poverty in the Land especially among Federal Government Civil Servants under ippis salary payment.

Have you distributed your wealth Abi na poverty

MrPresident1:
There are people going to bed hungry in kano every night.

Let him sell all he has, let him distribute to the poor, let him take up his cross and follow the Lord.

Did he stop you from producing your own cement or petrol

Is lafarge cement cheaper or imported fuel ?

Do you have intelligence?

Cj4charles:
When Cement is almost approaching 15k per bag and he is the only one deciding how we suffer in this country with is petroleum company why won't his fortune be above 50 billion dollars

...with which fuel?..

MIKOLOWISKA:
increase productivity

Bankowner:
I know that. My grouse is that the private placement depletes the volume of shares that will be available for the IPO. The PP is just an avenue to take care of the well to do. It's the crumbs that'll come to the general public as IPO. They know already that the IPO will be over subscribed, so why not take care of the rich first?

Private placement doesn't depletes shares for IPO because IPO itself is a company going public by issuing new shares to stock market investors to raise capital.

MIKOLOWISKA:
mention one market he monopolized

Was he the only one with connection
Where are the others
So the jobs he had created is not succour because e no reach you
You prefer fuel scarcity every 6 months abi

Another cheap Gbola Tilumbu online warrior on the loose.

MIKOLOWISKA:
My papa na idiot and my mama na Ashawo kobo kobo

Don't tell me, I already know.

AderonkeOlaniyi:
The same poor Nigerians who have been impoverished further by his monopolies are here praising him. You can imagine what poverty and illiteracy can do to a people.

Our situation would have been worse without DR in this US - Iran wartime.