₦airaland Forum

Sleekfingers:
Poor people will rather use their money to eat rice and chicken.

Instead of doing their findings, they will be all over the place talking trash

richmond500:
the price is fixed, not driven by market noise

Kaczynski:
Dude just crowdsourcing his debt. You're not buying equity, you're buying an expired lottery ticket on a currency thats literally toilet paper.

GloriousGbola:
If you want to stay small, then that's fine. Very few business entities have the resources for self finance.

Dangote took loans to build his refinery
Nigeria takes loans to build infrastructure
Banks give loans to construction companies, oil companies.

Nigerian banks literally offer loans to people based on their income. Gtb has studied my cash inflows and are offering me loans at 2.75% based on this.

It is for you to do your due diligence and manage your risk. Eg sell at a higher rate to a higher risk customer.

In 2003, Aliko Dangote started building a massive cement factory in Obajana, Nigeria. He wanted to grow fast, so his team skipped proper ground tests and used a fake report instead.

Once construction started, the ground began to fail. The soil was too weak to hold the heavy machinery. To fix the mistakes and buy new equipment, Dangote suddenly needed an extra $480 million.

At that time, local banks were too small to help. Each bank only had about $20 million in total capital. To get the money, Dangote had to combine a group of local banks and international lenders to borrow a massive $479 million.

Even after using that money to finish building, the factory could not make any cement for 18 months. This meant the company owed millions of dollars but made zero profit for almost two years. This mistake almost ruined his entire business.

Aliko Dangote borrowed money again, but he changed his plans completely to make sure he did not make the same mistakes. Building the new $20 billion refinery in Lagos was much bigger and more dangerous.

Dangote could not pay for the whole factory by himself, but he did not want to rely only on loans. He paid over $11 billion out of his own pocket using profits from his cement and sugar businesses. He then borrowed $5.5 billion from a mix of local and international banks. Because he wanted to avoid long-term risk, Dangote prioritized paying back billions of dollars of that loan very quickly.

Dangote did not rush the project. He took extra steps to make sure nothing went wrong with the construction or the land. The new land in Lagos was a swamp. Remembering his past failure, Dangote hired global experts to dump millions of tons of sand on the ground to make it solid before building. He also paid $100 million in cash directly to the government to buy the land cleanly so no one could sue him later.

To stop local contractors from cheating him or delaying the work, Dangote bought his own construction trucks and cranes, training his own workers to do everything. Finally, to avoid taking more loans as the project grew, Dangote sold shares of the refinery to big global investors for $2.5 billion. This means other companies are now sharing the financial risk with him

kerry57:
As expected most of the platforms involved in the sales are crashing already.

I was in banks on Friday to make inquiries on the IPO, funny enough most of the bankers aren't show of the modality of the sales of the IPO. Bamboo had been crawling since morning because of traffic of people trying to buy into this, they aren't prepared for this huge traffic.

Well, let them put their acts together and see to the fact that most Nigerians can buy into it. It's possible after a few days now u will hear that all the shares had been subscribed and so, no more share to buy. Naija will be great someday.

Dexlomo:
How come he is selling at a higher price to the general public? Isn't this discrimination since it is still an IPO?

Gotocourt:
It'll crash when the middle east war ends. Be kiaful

byinks:
You think you're buying shares from a human being who loves you ?

anonimi:
How does Dangote not love us more than the master strategist of a-looter propaganda politicians who pays more subsidy illegally under a different name to Malta blending plant fuel importers, but ironically petrol price is super expensive and even roads are worse than when PDP gave us cheap petrol and less debt.

What is the usefulness of Tinubu to Nigeria and Nigerians? The balablu bulaba town hall clueless clown hates us and just loves himself.

Kaczynski:
Dude just crowdsourcing his debt. You're not buying equity, you're buying an expired lottery ticket on a currency thats literally toilet paper.

jaxxy:
And u will get a nice insterest for helping him pay his debt.

Kaczynski:
On Thursday I put £300k in Norwegian oil companies after my schizophrenia told me that the energy crisis would skyrocket the coming winter.


We're all going to make it and by we I mean me.

Kaczynski:
Dude just crowdsourcing his debt. You're not buying equity, you're buying an expired lottery ticket on a currency thats literally toilet paper.

SlavaUkraini:
The early birds did not pay 525# per share during the private placement..

So expect the price to drop below the IPO price eventually before rallying up again..

The Man Dangote seems to have the Midas touch.

So this is a good buy

Sleekfingers:
Poor people will rather use their money to eat rice and chicken.

Instead of doing their findings, they will be all over the place talking trash