₦airaland Forum

mikeapollo:
You are a very clever guy.
Your Dangote refinery IPO application must be allotted in full

Hmmmm. Food for thought. Alhaji owns 84% of DangRef.

Raider76:
This what AI says about the shareholding structure of the Jamnagar Refinery in India. The refinery is the largest in the world:


The Jamnagar Refinery complex in Gujarat, India—the largest petroleum refining complex in the world—is 100% owned and operated by Reliance Industries Limited (RIL).
Because the refinery operates directly as an integrated division (O2C – Oil-to-Chemicals segment) of RIL rather than an independently listed subsidiary, its ultimate equity ownership mirrors RIL's overall corporate shareholding pattern.
RIL Shareholding Structure (Ultimate Beneficial Ownership)
* Promoter Group (Ambani Family & Holding Entities): ~50.5%
* Held through Ambani family members and investment entities/LLPs such as Srichakra Commercials LLP, Devarshi Commercials LLP, Karuna Commercials LLP, and Tattvam Enterprises LLP.
* Foreign Institutional Investors (FIIs / FPIs): ~17.2%
* Held by global sovereign wealth funds, pension funds, and international portfolio investors.
* Domestic Institutional Investors (DIIs): ~15.5%–16.5%
* Mutual Funds (~10.1%), Life Insurance Corporation of India (LIC), and Indian financial institutions.
* Public & Retail Investors / Others: ~15.8%–16.8%
* Individual retail shareholders, non-institutional corporate bodies, and Global Depository Receipts (GDRs).

Odunharry:
I think this is total transaction on NGX inclusive of the IPO.

Let's see what it will at end of trading

Okay, thanks

ayobama1:
With your special permission, otherwise you can help me out with some units from your Oando bullion van 🤣

Please dont spoil my fun today!
Don't mention that name until Wale says something good on Thursday Sept 17.
Our ''Prophet'' is even ''missing''

For now, it is DR all the way

This dagote IPO bear may likely swallow FTSE formal listing of ngx next week.

I don't think so. The gidigba Banks listed like GTCO and Zenith have refused any significant drop so far.

2zona:
This dagote IPO bear may likely swallow FTSE formal listing of ngx next week.

MTN, Aradel also holding firm.

millo:
I don't think so. The gidigba Banks listed like GTCO and Zenith have refused any significant drop so far.

How genuine is this guyz. Somebodyverify please

Odunharry:
For those interested in the IPO, this is the link I used to subscribe for the IPO...

https://offers.investment-one.com/

Dangote Refinery IPO has already received inflow of over ₦1.5 trillion. Alhaji plans to raise ₦2.5 trillion and the offer is still valid till Oct 13th.

Where una dey see this money? 😳

Sugar0215:
How genuine is this guyz. Somebodyverify please

Very genuine and reliable

ogawisdom:
Dangote Refinery IPO has already received inflow of over ₦1.5 trillion. Alhaji plans to raise ₦2.5 trillion and the offer is still valid till Oct 13th.

Where una dey see this money? 😳

Really!
Should I buy today? I already planned to buy 1st October.

ogawisdom:
Dangote Refinery IPO has already received inflow of over ₦1.5 trillion. Alhaji plans to raise ₦2.5 trillion and the offer is still valid till Oct 13th.

Where una dey see this money? 😳

I don tell people say dem go return plenty money

The hype too much

Some fraudsters will also open their own shop to collect money

ogawisdom:
Dangote Refinery IPO has already received inflow of over ₦1.5 trillion. Alhaji plans to raise ₦2.5 trillion and the offer is still valid till Oct 13th.

Where una dey see this money? 😳

Someone said the figure on the NGX website may be for the whole market trade, and not necessarily for the refinery IPO alone.
Can anyone confirm?

ogawisdom:
Dangote Refinery IPO has already received inflow of over ₦1.5 trillion. Alhaji plans to raise ₦2.5 trillion and the offer is still valid till Oct 13th.

Where una dey see this money? 😳

It's alarming the way people can be deceived easily in Nigeria.

If you fall for this, then it is not good

ogawisdom:
Dangote Refinery IPO has already received inflow of over ₦1.5 trillion. Alhaji plans to raise ₦2.5 trillion and the offer is still valid till Oct 13th.

Where una dey see this money? 😳

Apart from the security issues—which are obvious and undeniable—this is why I question the "Ebi n pawa" talk. It feels like political noise.

Look at the facts: an ordinary fake CBX took ₦178B from the public. Massive capital-intensive projects are going on in every part of the country—by churches, companies, organisations. The FG is disbursing trillions to states. The First Lady is giving out billions from time to time.

All that money is going into circulation. Money leaves traces and rubs off on people.

But circulation is not distribution. That's the real issue.

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.

Goodluck seňor

It seems Ngx group will benefit well from this hype around the IPO. Glad I loaded up around June.

ghm:
Apart from the security issues—which are obvious and undeniable—this is why I question the "Ebi n pawa" talk. It feels like political noise.
Look at the facts: an ordinary fake CBX took ₦178B from the public. Massive capital-intensive projects are going on in every part of the country—by churches, companies, organisations. The FG is disbursing trillions to states. The First Lady is giving out billions from time to time.

All that money is going into circulation. Money leaves traces and rubs off on people.

But circulation is not distribution. That's the real issue.

If you are not experiencing hardship, thank God for your life and His blessings.

''Ebi n pawa'' is Yoruba language, for ''we are feeling hungry''.
It is a statement first used by market women and artisans in Lagos Island when Tinubu visited the Central Mosque in Lagos shortly after his inauguration. Why would Yoruba market women play politics against Tinubu?

Please do not underplay the misery and reality of people who experience hardship.
And do not insult the sensibilities of people who are feeling the hardship

May God bless us all and deliver us from harsdhip

Those of us who are paying school fees, sending transport money to our own age mates who are earning 500k per month while also helping out on rent for others and consoling yet others for lost opportunities and jobs are just looking and smiling

ghm:
Apart from the security issues—which are obvious and undeniable—this is why I question the "Ebi n pawa" talk. It feels like political noise.

Look at the facts: an ordinary fake CBX took ₦178B from the public. Massive capital-intensive projects are going on in every part of the country—by churches, companies, organisations. The FG is disbursing trillions to states. The First Lady is giving out billions from time to time.

All that money is going into circulation. Money leaves traces and rubs off on people.

But circulation is not distribution. That's the real issue.

OANDO no be Oil and Gas company again. Nothing anybody fit tell me.

President of the Dangote Group, Aliko Dangote, has assured the investing public that the Dangote Petroleum Refinery and Petrochemicals FZE will be the most viable company in Africa by the end of December 2026.

https://www.channelstv.com/2026/09/14/dangote-refinery-will-be-the-largest-company-in-africa-by-december-end-aliko/

If Alhaji continues this hype over subscription may be more than 10x. He is looking for 2.5T may end up with 25T.

This IPO is giving MMM vibes it's like a fever

Alot of people especially newbies with MMM mindset chasing quick profit fit dey disappointed

Meanwhile largest doesn't mean the most profitable or the most investor value creator.

GeeKudi:
OANDO no be Oil and Gas company again. Nothing anybody fit tell me.

Na Diddy oil dem dey sell

Agbalowomeri:
I don tell people say dem go return plenty money

The hype too much

Some fraudsters will also open their own shop to collect money

It's fake edited screenshot tho. NGX have not posted that on their official handle

Like Cusson's and Johnson's 💁, otherwise

Brent is nearing 110 and all O&Gs are flying except OANDO

Agbalowomeri:
Na Diddy oil dem dey sell

1.5trillon naira raised and still counting...

Dangote's Fortune Set to Jump to $58 Bln on Refinery IPO

Africa's richest man, Aliko Dangote, is poised to make a $23 billion leap up the list of the world’s wealthiest as he opens an initial public offering for his refinery.

The tycoon’s net worth is projected to reach as much as $58.2 billion with the IPO of Dangote Petroleum Refinery and Petrochemicals Fze, according to Bloomberg calculations, surpassing US hedge fund tycoon Ken Griffin and tech billionaire Eric Schmidt. Bloomberg's Anthony Osae-Brown reports.

Has anyone used piggy vest successfully?

GeeKudi:
OANDO no be Oil and Gas company again. Nothing anybody fit tell me.

This is the koko: are you in Oando or not?

megawealth01:
1.5trillon naira raised and still counting...

Dangote's Fortune Set to Jump to $58 Bln on Refinery IPO

Africa's richest man, Aliko Dangote, is poised to make a $23 billion leap up the list of the world’s wealthiest as he opens an initial public offering for his refinery.

The tycoon’s net worth is projected to reach as much as $58.2 billion with the IPO of Dangote Petroleum Refinery and Petrochemicals Fze, according to Bloomberg calculations, surpassing US hedge fund tycoon Ken Griffin and tech billionaire Eric Schmidt. Bloomberg's Anthony Osae-Brown reports.

First, tell us if you will be buying

Ladygracy:
It seems Ngx group will benefit well from this hype around the IPO. Glad I loaded up around June.

Yeah.
VFDgroup owns 5%stake of NGXgroup and 5% stake of CSCS

VFDgroup total asset should cross over 600billion for FY2026

GeeKudi:
Like Cusson's and Johnson's 💁, otherwise

Brent is nearing 110 and all O&Gs are flying except OANDO

OANDO has a very mean management. They only care for themselves.

Thursday will soon be here. Wale must deliver o.

GeeKudi:
Like Cusson's and Johnson's 💁, otherwise

Brent is nearing 110 and all O&Gs are flying except OANDO