₦airaland Forum

Saturnalia:
In Nigeria, Any investment that you see being advertised openly on Radio, T.V, News Papers and the Internet is designed to con you out of your hard earned money.

The wealthy do not like competition. They like to maintain their monopoly over influence & power.

Why share that Influence & Power with the dregs of the society?

Investment that will make you rich & wealthy will be guarded & hoarded like a Gold Treasure. You will only hear its whispers and it will never be opened to the public.

You are well informed. It's just like eM eM eM.

lamentor78:
Nigerians and entitled mentality, if all of you like don't invest in Dangote it won't stop him from being the richest black man, we have companies that have closed businesses. Oceanic bank, bank PHB , international bank, Diamond bank e.t.c so many Nigerian bought those shares, what is their value today...zero...and I dare you to go and challenge any past official of those companies that your investment worth nothing today.

Unfortunately Nigeria is a failed state that is why people listen to the likes of VDM who has nothing of value to add to anyone lives

Dangote always has various govt lopsided support which others don't. It's okay for anyone who wants to jump in and find out. Experience teaches best.

deji17:
The problem is inflation and the value of the Naira.Obviously, her money has tripped in 16 years. If she had invested in UK or US $11,000, and 16 years after, the money tripped, it would have been considered a very good investment.
Now that the Naira is stable, investors have more confidence in the Naira vis a vis the economy.

Lol
When was the naira not stable. It barely moved under Buhari for 8 years only to move by over 1000% with Tinubu. So after Tinubu, another president comes and devalues the naira and you'll still praise him for stabilising the naira?!!
Chai to become Nigeria president sweet o

11k on shares and you think you will make money. Nigerians have a long way to go.

obinna58:
You don’t make money investing where a lot of people are investing, it doesn’t work like that, the matrix will break down.
Dangote is a thief

How is he a thief compared with the master strategist of A-looter Propaganda Conmen, APC that is paying subsidy illegally importers of fuel from their Malta blending plants in his desperation to destroy the private refinery licensed by PDP as part of 2012 oil sector deregulation schemes that APC played politics with?

HenryThegreat1:
Aliko Dangote, the president of Dangote Industries Limited (DIL) has strongly refuted allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA), insisting its diesel is 80percent superior to those currently imported into Nigeria.

The richest man in Africa said this Saturday while showing members of the House of Reps the company’s facilities.

“Until late last year, diesel imports into Nigeria were up to 7,000 parts per million (ppm) of Sulphur which has been going on for many years. Our diesel is produced currently at significantly lower levels of Sulphur; as such, we find baseless the allegation that the reason for the reduction is linked to quality. What we are producing is 80 percent of what is being imported into the country,” Anthony Chiejine, the company’s spokesperson Dangote Industries Limited said.

Read also: Explainer: Separating fact from fiction in NMDPRA’s claims against Dangote refinery

“Another inaccurate assertion is that Medium Level Sulphur diesel is meant for off-road use. This is a completely false statement as this would have invariably meant that all the imports for the last 20 years have been damaging equipment.

“Thirdly, diesel imports for the high Sulphur grade have been at significantly higher prices until we started operation. If indeed high Sulphur diesel is sold at lower prices how come we never saw the lower prices until now?” the spokesperson said.

Read also: Dangote refinery not yet licensed to operate in Nigeria-NMDPRA

Related NewsInsecurity, oil theft: Nigerians demand results not endless rhetoricWrong diagnosis killing many patients in Nigerian hospitalsHigh electricity tariff crushing Nigerian public varsities

Dangote proved through a laboratory test before members of the House of Reps, led by Tajudeen Abbas how the sulphur content of its diesel is within acceptable range in Africa and better than some of diesel currently available in the country.

Dangote diesel currently contains 87.6 ppm

For instance, Dangote’s laboratory officials tested diesel products from two major retail outlets in Nigeria – TotalEnergies and Matrix – against the sample produced by Dangote Refinery.

The test was carried out using a ED-XRF Spectro Photometer, using the ASTM D4294 method.

The sample from TotalEnergies’s diesel showed 1,829ppm sulphur concentration. The sample from Matrix retail showed 2,2752.8682ppm sulphur concentration while the diesel sample from Dangote Refinery showed 87.6ppm sulphur concentration.

Targets 10ppm sulphur content August

“By the end of next week, we should be on 50ppm and by August, it should be down to 10ppm,” Dangote said.

BusinessDay’s findings showed the minimum global standard is 50ppm, while 200ppm is still acceptable in Africa till the end of the year.

On Thursday, July 18, Farouk Ahmed, chief executive officer of NMDPRA alleged Dangote refinery as well as some major refineries like Waltersmith refinery, produce between 650 to 1200 ppm.


https://businessday.ng/news/article/dangote-rejects-nmdpra-claims-says-sulphur-content-meets-african-standard/

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https://www.youtube.com/watch?v=Ekpid1bAMzc?si=TkD71U6QFI1Pzlw-

anonimi:
NNPCL’s subsidy payment jump by 47.9% to N7.1trn in 2024

November 26, 2025

The Nigerian National Petroleum Company Limited (NNPCL) paid a total of N7.1 trillion as subsidy for premium motor spirit (PMS) in 2024, this sum represents a 47.9 percent increase from N4.8 trillion recorded in 2023.

This is despite the government’s announcement of subsidy removal in 2023.

The company explained that the amount, which it termed ‘energy security expense’ arises when there is differential between the exchange rate used to freeze the premium motor spirit ex-coastal price and the prevailing rate at the point of import settlement.

According to the report, government had instructed that NNPC Limited cannot sell its PMS above a certain regulated price. It added that the cost of petrol import is usually much higher that the regulated price.

https://businessday.ng/news/article/nnpcls-subsidy-payment-jump-by-47-9-to-n7-1trn-in-2024/?amp

Saturnalia:
In Nigeria, Any investment that you see being advertised openly on Radio, T.V, News Papers and the Internet is designed to con you out of your hard earned money.
The wealthy do not like competition. They like to maintain their monopoly over influence & power.
Why share that Influence & Power with the dregs of the society?
Investment that will make you rich & wealthy will be guarded & hoarded like a Gold Treasure. You will only hear its whispers and it will never be opened to the public.

Are bank shares not advertised on media platforms and channels?

What of shares in oil and gas companies as well as breweries?

Do you know how much dividends she was paid over the years, and how many bonus shares she got? Did you factcheck her story exhaustively?

Balablu bulaba ramblings to impress olodos may sound exciting but it doesn’t make it intelligent. Was that not how Jagaban of Borgu scammed us into All Promises Cancelled, APC one chance extreme poverty and insecurity shege in 2015, using his fellow northerner who he called expired four years earlier?



https://www.youtube.com/watch?v=Y4KE4t7JPNw

HacheNoire:
Did you say same for GTCO when they were hawking oranges?

Go check how much those oranges cost now.

GTCO even went brrrrrrr heading into this Dangote IPO

I tell people to go look at OkomuOil and Presco from their heydays and now

SEGLIZ:
she can still settle for her pair of shoes even two now.

Iya Pupa is here in the UK. What good shoes will 35000 Naira (less than 17£ buy am?

Gotocourt:
Dangote IPO can be bought on MONIEPOINT POS .

Desperation everywhere, your money will be used to build refinery in Kenya 🇰🇪 and other African countries .

YES, YOU'VE HIT THE NAIL ON POINT.

FROM THIS WOMAN EXPERIENCE.... THIS MONEY HE COLLECTED FROM IPO IS FOR FURTHER INVESTMENTS IN DISGUISE.

AFTERALL IT WAS BELL THEY RANG THE DAY THEY DECLARED THE IPO TO PUBLIC. THIS MEANS "COME AND BUY OKRIKA GWANJO, SECOND HAND" AND YOU GO BUY DE CALL IT INVESTMENT.

At least, her investment X3, or what does she expect again?

Saturnalia:
In Nigeria, Any investment that you see being advertised openly on Radio, T.V, News Papers and the Internet is designed to con you out of your hard earned money.

The wealthy do not like competition. They like to maintain their monopoly over influence & power.

Why share that Influence & Power with the dregs of the society?

Investment that will make you rich & wealthy will be guarded & hoarded like a Gold Treasure. You will only hear its whispers and it will never be opened to the public.

She is lucky to have seen small returns on her long term investment. Some of us invested about N100,000 on AIT shares in those days when they were advertising them and we no see shares or return on our investment till date. The matter enter voice mail.

Saturnalia:
In Nigeria, Any investment that you see being advertised openly on Radio, T.V, News Papers and the Internet is designed to con you out of your hard earned money.

The wealthy do not like competition. They like to maintain their monopoly over influence & power.

Why share that Influence & Power with the dregs of the society?

Investment that will make you rich & wealthy will be guarded & hoarded like a Gold Treasure. You will only hear its whispers and it will never be opened to the public.

I cherished this submission

Imagine she bought Bitcoin in 2010 or 2011 and held it till now

Why dangote going public is not really about making the public rich but helping his global ranking as billionaire. When the share price goes to 5k per share his networth will jump to 400 billion dollars owning 80% of the stake. Samething Elon musk did selling spacex ipo to rank first Trllionaire in dollars. Without him going public the refinery can never be valued higher.

givedemwotowoto:
Inflation ruined her earnings.

Or she was scammed instead... Rich men no dey show u whr money is in nigeria

IPO is Another way to source for cheap funds

Gotocourt:
Dangote IPO is disturbing our lives with Hausa jingles in Jos, Plateau State.

Hausa in Jos ke?

Do the Beroms and other Minorities in Plateau understand Hausa?

Sensiblerealist:
Make I dey do my 6 months or 1 year treasury bills jeje, shares na scam, not all but most.
My late mum wey be salary earner that year, all her shares are below how much she takes buy them self and I can't be doing global search and spend more to collect whatever portfolio she has accumulated. The money don lost for system be that. Tinubu go use am do NELFUnD

The ones she bought in Nigeria, you can still get access to them if you make the move

Reverseng:
Money tend to lose value and become bigger in the eyes of people. #80k of 2015 could be #250k of 2026.

Why wait that long to be handed the same money?

There's a difference between break even and profit
Do what you can with paper money, while you can, because it will forever lose value. Printing paper money isn't what cause inflation. It's the magic of multiplying electronic money in computers.
Read up Fractional Reserve Banking.

Do your research. With time, you will begin to understand why I tell people that I want the things that money can buy, and not necessarily the money itself
https://www.nairaland.com/8626659/want-things-money-buy-not

You are very right!

For me, I don't really like shares. Reasons being that yes, most of the time, many of those shares (not even all) appreciate over time. Now buy 1m worth of shares in 2026 and let's assume that same share are worth 3m after 10years in2036 (just a scenario). Do you know that an average commodity item sold for 1m in 2026 might be selling for more than 7m in 2036!.

Wait let me explain.

This woman bought those shares for #11k in 2007. That same year, I'm sure a bag of rice was probably sold for 3k, fuel probably sold for less than 50naira per liter, a plot of land in a modest area in Ajah was probably sold for 1m, an average tuition in a Lagos private school was probably less than 30k per term, I can give hundreds of examples......

Now imagine the values/costs of those things today. I know a particular thing in the western world that was $10,000 in 2018 that's more than $30,000 as at 2024!!!

In my own personal opinion,if you have good money, invest your money in a good business! There are businesses that grow with the rate of inflation and all of that. Be wise.

This is my own personal opinion, it is not an advice to anybody. Do your due diligence but don't forget to seek financial knowledge/advisor before you invest. Afterall, our fore fathers has shares in all those companies and they were comfortable with that.

The small IPO share that I bought, honestly I didn't regret it. Whatever will happen to it in future, let it happen.
No pain, no gain is life.

Saturnalia:
In Nigeria, Any investment that you see being advertised openly on Radio, T.V, News Papers and the Internet is designed to con you out of your hard earned money.

The wealthy do not like competition. They like to maintain their monopoly over influence & power.

Why share that Influence & Power with the dregs of the society?

Investment that will make you rich & wealthy will be guarded & hoarded like a Gold Treasure. You will only hear its whispers and it will never be opened to the public.

Seconded

@average of ₦126.89 per USD in 2007, ₦11,000= USD 86.69
Today USD 86.69= ₦120,498.07
₦120,498.07 -35,000=
Lose of ₦85,498.07

Saturnalia:
In Nigeria, Any investment that you see being advertised openly on Radio, T.V, News Papers and the Internet is designed to con you out of your hard earned money.

The wealthy do not like competition. They like to maintain their monopoly over influence & power.

Why share that Influence & Power with the dregs of the society?

Investment that will make you rich & wealthy will be guarded & hoarded like a Gold Treasure. You will only hear its whispers and it will never be opened to the public.

Can you say same about Seplat, Airtel and Aradel from 11 years ago. The only thing I see here is information and research. That's why you always have to DYOR. I believe Dangote Flour Mills was not the only shares as at that time. No one should use their lazy mind to generalize every other person. BTW I am not asserting for any shares, I am only stating the obvious. Read up the story of Gmail and Yahoo. Integration into Android phones accessibility for Gmail was a knockout punch and yahoo is still struggling to recover today.

Day169:
Wail not woman!
.. that's why it's advised to use 'disposable funds' for such investments if you're a retail investor. Besides she's made no mention of dividends she's received.
While it may not the best to live in agony while tying up one's widow's might in company shares, that money would've had no trace if it was blown on a flex in that year.
So cheer up, it's not too bad as an investment for the future afterall.

Widow's mite!

That's 218% increase. What exactly is she complaining of?

Glimpsetv:

https://www.youtube.com/watch?v=VsHUFMcOY4k?si=OpY10zU61ld0OUv7

Buying property like land etc is still much better than shares. I know a man who bought shares of 30k. What did he get from it ? Rubbish! If he spent the money on land,three years letter the land could be 300k .If you buy share of 50k from Dangote,will you be collecting #200k every month?Be deceiving yourself

givedemwotowoto:
Inflation ruined her earnings.

Even if no inflation; 11k to 35k in almost ten years is ridiculous

Reverseng:
Money tend to lose value and become bigger in the eyes of people. #80k of 2015 could be #250k of 2026.

Why wait that long to be handed the same money?

There's a difference between break even and profit
Do what you can with paper money, while you can, because it will forever lose value. Printing paper money isn't what cause inflation. It's the magic of multiplying electronic money in computers.
Read up Fractional Reserve Banking.

Do your research. With time, you will begin to understand why I tell people that I want the things that money can buy, and not necessarily the money itself
https://www.nairaland.com/8626659/want-things-money-buy-not

yeah, if we even check the value, she an presently be at a loss.

Update: I just checked.

In 2007, 11,000 Nigerian Naira (NGN) was worth roughly $86.68 USD, while today, 55,000 NGN is worth approximately $41.47 USD.

She is even currently at a loss.

chiboycue:
She is lucky to have seen small returns on her long term investment. Some of us invested about N100,000 on AIT shares in those days when they were advertising them and we no see shares or return on our investment till date. The matter enter voice mail.

I remember this AIT shares then. I was the one my dad gave money to go and pay for the share in Zenith bank in Aba tthen.
When I came to Lagos and was passing through AIT station, I knew we have been scammed. Looking at the station I was asking myself is this where my dad invested his hard earned money?

Saturnalia:
In Nigeria, Any investment that you see being advertised openly on Radio, T.V, News Papers and the Internet is designed to con you out of your hard earned money.

The wealthy do not like competition. They like to maintain their monopoly over influence & power.

Why share that Influence & Power with the dregs of the society?

Investment that will make you rich & wealthy will be guarded & hoarded like a Gold Treasure. You will only hear its whispers and it will never be opened to the public.

saintmm:
A real investment opportunity is not advertised, it is carefully and diligently searched out.

IPO is like the masses crowdfunding the business of the rich to get richer.

obinna58:
You don’t make money investing where a lot of people are investing, it doesn’t work like that, the matrix will break down.
Dangote is a thief

Not all IPO's are bad, theres a simple logic for creating stupendous wealth from an IPO, buy the company shares when it is NOT at its peak perfomance. Infact the farther away from its peak the higher ur chances of making more money even with a low investment.

U must be able to evaluate and predict this clearly enough.

This was what happened with Tesla and many other great company shares.

Also some companies keep doing so well they have breaking their peaks so u have serveral peaking points.

So in dangote refinery's case what are the prospects and are the shares overvalued? Will people make stupendous wealth longterm or short term? Is dangote scamming us? Or using us to raising billions of cash for his pocket buy selling us a pipe dream?

I learned all these during my university days that I labored by offering extra morale classes to fellow students to raise money which I never used to eat better food in school back then or upgrade my wardrobe but foolishly used those monies to buy fake criminal Nigerian shares with different Banks, including


Today those shares have vanished like ghost, the ones that still remain are worth less than a toilet tissue paper.


That was when I learned that buying shares in Nigeria is like throwing your money into the lagoon. If I had used those money to buy plots of land in my village back then, today I would have been as rich as Aliko Dangote



Dangote has been scamming Nigeria and Nigerians for decades while the commoners in Nigeria applaud him just to appear like they love progress and don't wish others bad, na today?



He entered cement business and used federal government to kpai other competitors. He entered flour same. He entered sugar and tried it but Bua change am for am and dragged him from Lagos highway to Abuja down to Kano him come pipe low lolz.


Dangote was the one officially providing transportation for NNPC staffs for decades and made billions from it, try applying for such contracts from same criminal Nigerian government and they will bounce you back even when you over merit it but once Dangote show face them go rush give am to am and Nigerian commoners go de clap for Dangote the developer of Nigeria


E don enter refinery business now and using same ordinary poor Nigerians to cash out and he has announced that he is venturing into power soon, go go Aliko we de your back sir, next is to enter election so you can be the one organizing our elections and helping us select leaders jareh

Dangote Flour Mills was outrightly sold off in 2019 and all the shareholders were paid off, the company was subsequently delisted from NGX platform and was renamed Crown Flour Mills in 2019......

This news and many other of such flying around several internet platforms are hoax and content creators are reaping the fruits of public ignorance..


Summary: There's nothing like Dangote Flour Mills public shareholder since 2019.