₦airaland Forum

presiade:
For those of you who decided to put body in the DR IPO:

https://www.nairaland.com/8753629/weve-already-raised-money-needed

Dem go return money tire.

Omo, no be small return.
The refund fit pass the IPO amount
Some people still never buy sef


Barely 1week!!!! $1.6bn raised + 30% extra.

Somebody shout Aura!!!

I recall highlighting the fact that many PP participants didn't get their fill so those extra funds will definitely enter the IPO pool...

presiade:
For those of you who decided to put body in the DR IPO:

https://www.nairaland.com/8753629/weve-already-raised-money-needed

Dem go return money tire.

Me sef dey pursue am

Mills55:
I guess they are pursuing interim dividend.

Oga Adenuga

Ameboperoo:
As seen on facebook ni o

The distribution will be highly right-skewed. The median order value << mean order value. Na dem Otedola and co ordered most of the IPO. LoL

chimex38:
Omo, no be small return.
The refund fit pass the IPO amount
Some people still never buy sef


Barely 1week!!!! $1.6bn raised + 30% extra.

Somebody shout Aura!!!

This is exactly the scenario.👌

KarlTom:
I recall highlighting the fact that many PP participants didn't get their fill so those extra funds will definitely enter the IPO pool...

Una see as a here dull and scanty... Na the same people wey una say dey derail forum dey make here lively and bring better market updates sef

As seen on the internet

The lying machines have suddenly realized that their position on fuel subsidy is deeply unpopular. Now the dance around “restoring” subsidy has begun, vague promises, convenient reversals, and dishonest attempts to rewrite their own records.

They can no longer sustain their past positions anywhere, whether in the North or the South. As public anger grows over the consequences of subsidy removal, they keep shifting, twisting and grifting, hoping Nigerians will forget what they said and what they supported.

We have been consistent since the beginning of life, fuel subsidy should never have been removed in the first place. We will restore it transparently and confront the corruption and profiteering that were used as excuses for punishing ordinary Nigerians.

They are shifting because the people remember. We are not shifting.

#Sowore2027

© Omoyele Sowore

MARKET BULLETIN


23 September 2026 NGXREG/IRD/MB106/26/9/23


Sterling Financial Holdings Company Plc: Full Suspension in Trading of Shares

Trading License Holders and the investing public are hereby notified that trading in the shares of Sterling Financial Holdings Company Plc (the Company) was suspended today, Wednesday, 23 September 2026.

The suspension is necessary to prevent trading in the shares of Sterling Financial Holdings Company Plc to enable the Company’s Registrars and the Central Securities and Clearing System Plc (CSCS) to reconcile their books for the listing of the reconstructed shares on Nigerian Exchange Limited (NGX).

The suspension is also required for the purpose of determining the shareholders who are entitled to receive the reconstructed shares.

This is for your information, please.


Bonaventure Onwuji
For: Head, Issuer Regulation Department

deathwing:
They have an app. I haven’t begun using it but you can download and register

Oh didn't know.
This is good development

As seen on the internet

Top gainers and bottom losers at the moment

25 gainers and 14 losers

As seen on the internet

presiade:
For those of you who decided to put body in the DR IPO:

https://www.nairaland.com/8753629/weve-already-raised-money-needed

Dem go return money tire.

He better give me the units applied for. I no want hear anything like over subscription and refund

presiade:
The distribution will be highly right-skewed. The median order value << mean order value. Na dem Otedola and co ordered most of the IPO. LoL

Dangote and the issuers know this already.
That's why they are clamoring for as much as 10million different co-owners even accross Africa.

Assumption:
If the average retail buy-in from common man both from Nigeria and Africa is:

₦100,000 (worth of shares) * 9,990,000 commoners
≈ circa.₦1tn.

Let's Assume:
Otedola + Davido + Elumelu + institutional investors, etc make up the remaining 10,000 shareVIPs

Average VIPs contributing ₦10bn* 10,000 VIPs =₦100trn.

Assumed Allocation method:
The 9,990,000 commoners will get their full allotment shares worth ₦1trn


Since Dangote needs ₦2.15trn + 30% extra= ₦2.8trn

2.8trn - 1trn = 1.8trn
This 1.8trn will be shared amongst the 10,000VIPs.

Thus, each VIP will get shares worth ₦180million rather than the ₦10bn they desire.


Over ₦9.892bn will be returned to each VIPs.

With the ₦180million worth of shares, each VIP will still get a very large number of shares compared to any commoner.


Conclusion:
So yes, you will definitely be right if this assumption were true or close enough.
The larger amount of shares will still be skewed towards the VIPs with the money bags despite a larger share of their money refunded.

Don’t worry, he’s going to disappoint you on that LoL. The regulatory basis of allotment will not allow you to get your full number of shares you requested.

Mpeace:
He better give me the units applied for. I no want hear anything like over subscription and refund

As seen on the internet

Even me I no go turn down that kind money

Exactly!
Big man like him

presiade:
Don’t worry, he’s going to disappoint you on that LoL. The regulatory basis of allotment will not allow you to get your full number of shares you requested.

megawealth01:
As seen on the internet

Even me I no go turn down that kind money

Like Oscar of Chelsea that year.
He didn't also minze words.

Left Chelsea to China strictly for the mulla

By tomorrow, Zenith Bank Plc may likely hit it's 52-weeks highest price of N136.90...

awesomeJ:
350bps cut!!!
I called it.

Imagine!!!

Have you seen today's Tbills auction result? Rate cut across all tenure

Thant's expected. I currently locked down till later next year 3 TBs at 17.9, 18.7 and 19.7% Did not bother to bid, just bought it via Investment One before rates tumble.

Odunharry:
Have you seen today's Tbills auction result? Rate cut across all tenure

millo:
Thant's expected. I currently locked down till later next year 3 TBs at 17.9, 18.7 and 19.7% Did not bother to bid, just bought it via Investment One before rates tumble.

Good you did via investment One.

I guess you got via the secondary market

Odunharry:
Have you seen today's Tbills auction result? Rate cut across all tenure

Yes. All now below 16%.

Let them push again to have everything below 15%. That would be a good level for now.

essentialone1:
By tomorrow, Zenith Bank Plc may likely hit it's 52-weeks highest price of N136.90...

That should rather be a stepping stone.

What we are expecting is a bumper jump due to dividend announcement.

Anything less than N160 for me na bad market.

Let people like Agba liquidate their savings and enter our market

pluto09:
https://nairametrics.com/2026/09/23/naira-may-depreciate-following-cbns-350bps-rate-cut-rewane/

KarlTom:
Let people like Agba liquidate their savings and enter our market

Na wa o

Na wa true o

Agbalowomeri:
Na wa o

*_ACHIEVEMENT OF SUBSIDY POLITICS OF PETROL._*
*_DONT BE FOOLED!_*

1. *Oct 2022* ```NNPC bought Oando filling stations and assets for USD324m.```

2. *August 2024* ```NNPC Retail Ltd, dissolves itself and hands over itself to OVH, owners of Oando.```

3. *September 2024* ```NNPC is the sole buyer of Dangote Petrol.```

4. ```Who's the buyer? NNPC Retail.```

5. ```Who is NNPC Retail? Oando.```

6. ```Oando owned by Tinubu, will decide how much we pay for Dangote petrol.```

WINNERS
1. ```Minister of petroleum - TINUBU.```
2. ```Owner of Oando - TINUBU.```
3. ```Owner of Agip - TINUBU.```

LOSERS
1. Nigerians
2. Nigeria.

BNSITL, how una see this one? 🤔

Thanks for your response Chief.

KarlTom:
@sunrisepebble should be able to help

Am sure before Nov ..japaul must come out to say something..as FG don hold all of dem mining industry for blokos

https://energy-news-network.com/industry-news/nigeria-mining-licences-now-carry-a-processing-condition-that-november-will-test/