Nigerian Stock Exchange Market Pick Alerts - Investment (11149)

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Re: Nigerian Stock Exchange Market Pick Alerts by ayobama1: 8:13pm On Oct 22

Wotowotoman:
Ogbeni, I ask again. Do you have a job? 🤔

What better job than knowing everything about governance 🤔

Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:17pm On Oct 22

*Dangote Refinery IPO's cross-border push*.

Here is the breakdown:

*The IPO itself:*
- Dangote Petroleum Refinery and Petrochemicals FZE
- 4.1 billion new shares at ₦525 each = about ₦2.15 trillion or $1.5 to 1.6bn
- Opened Sept 14, 2026, extended to Oct 27, 2026 to allow more African countries to join.
- Stated use of funds: build second train to double capacity from ∼700k bpd to 1.4m bpd.

*What United Capital Ethiopia is doing:*

- UCFS Ethiopia (subsidiary of United Capital Plc) appointed as Joint Issuing House, Official Stockbroker and Lead Distributor for the Ethiopian leg.
- Working with CBE Capital, Wegagen Capital, Awash Capital.
- Roadshow was in Addis Ababa on Oct 15, hosted by Ethiopian Securities Exchange, with Aliko Dangote present.
- Regulated by ECMA and ESX.

*How Ethiopians can participate — and the limits:*

- *NOT open to general public in Ethiopia.* Restricted to qualified institutional and qualified investors only.
- ECMA caps at 100 qualified investors unless they approve more, and requires 10 million birr net worth (excluding one house, and one car).
- Price quoted in Ethiopia ∼74.9 birr per share.
- Plan is to issue *Ethiopian Depository Receipts (EDR)* — a local instrument that represents the Nigerian shares, held by a custodian, and then potentially listed on ESX (Ethiopian Stock Exchange).

Similar structures are being set up for Kenya (GDR on Nairobi), Uganda, Rwanda, Egypt, Botswana — NGX is calling it "Africa's People IPO", trying to get 10 million shareholders across Africa.

ECMA also warned that their authorization is not an endorsement of the investment merits — investors must do their own risk review.

Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:22pm On Oct 22

Dangote is selling his Refinery IPO to Ethiopians at the cost of N620 per share equivalent.

And only those with a minimum Networth of 83 Million Naira equivalent, excluding houses and cars owned, are qualified to buy the Dangote Petroleum Refinery IPO in Ethiopia.

And United Capital Plc, is the company spearheading the entire processes...

6 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 8:35pm On Oct 22

essentialone:
Dangote is selling his Refinery IPO to Ethiopians at the cost of N620 per share equivalent.

And only those with a minimum Networth of 83 Million Naira equivalent, excluding houses and cars owned, are qualified to buy the Dangote Petroleum Refinery IPO in Ethiopia.

And United Capital Plc, is the company spearheading the entire processes...

So with this condition, is it logical to conclude that Ethiopian subscribers will be allocated large quantities?
Alhaji will release more shares to accommodate oversubscription?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 8:49pm On Oct 22

Streetinvestor2:
oga nosa watin make u enter sugar
I forgot to ask watin u see as u no be TA person

They raised money to pay off debt. Paying off this debt would free up interest expense. This money is going straight to the bottom line. Yes, issued shares will go up but when you do the math it is positive. Aside from this, the rights issue was oversubscribed by over 100%, I think about 140% (not too sure).

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Pennystockwarri(m): 8:51pm On Oct 22

https://www.youtube.com/watch?v=c-2LSwRW3Mw?si=sTtByb_15bC57YYS

https://podcasts.apple.com/us/podcast/ava-capital-led-the-gainers-ngx-daily-market-summary/id1810406988?i=1000797639224

A summary of today's trading session on the NGX

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:10pm On Oct 22

nosa2:
They raised money to pay off debt. Paying off this debt would free up interest expense. This money is going straight to the bottom line. Yes, issued shares will go up but when you do the math it is positive. Aside from this, the rights issue was oversubscribed by over 100%, I think about 140% (not too sure).

ok nice
I already did the maths on that angle. I thought I missed something u have seen new
I did equally pick up 100% of my rights too

Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 9:15pm On Oct 22

Not yet directly — but that's exactly what Dangote, NGX and United Capital are trying to force to happen.

Right now Africa does NOT have one app where you can buy Dangote in Lagos, Safaricom in Nairobi, and MTN in Johannesburg directly like you buy Apple on Robinhood.

*Why it's still hard:*

1. *Every country has its own regulator, currency, and depository.* Your Naira in CSCS Nigeria cannot settle a trade in Ethiopia's ESX. You need a custodian in each country, FX conversion, separate KYC.

2. *Settlement is not linked.* In US, DTCC settles everything T+1. In Africa, Ghana settles T+3, Nigeria T+1, Kenya T+3, but with different banks. No common rail.

3. *FX controls.* Ethiopia has strict birr controls, Nigeria has CBN rules. You can't just move money cross-border from an app.

So what they do now is *workarounds, not direct trading:*

- *Depository Receipts* — what United Capital is doing. You don't buy the Nigerian share in Ethiopia, you buy a local receipt (EDR at 74.9 birr) that _represents_ the Nigerian share held in Nigeria. Kenya is doing GDR, same idea.
- *AELP - African Exchanges Linkage Project:* Links 7 exchanges (Nigeria, Kenya, Morocco, Mauritius, South Africa, Ghana, etc.) through a common trading technology. Brokers in one country can route orders to another. It's live but volume is tiny, and you still need a local broker account in each market.
- *Apps like Bamboo, Chaka, Trove:* They give you US stocks, but for African stocks they still go through local brokers behind the scenes.

*What would make true cross-border app trading possible:*

- PAPSS for instant FX settlement across Africa (Afreximbank is building this).
- Linked CSDs (central depositories) so CSCS Nigeria can talk to ESX Ethiopia.
- Single passport for brokers — one license to operate in many markets

NGX Group MD Temi Popoola said this Dangote IPO is the test case — NGX, ESX, Nairobi NSE all trying to list the same asset via receipts. If it works, next step is to allow an app to show "Dangote - NGX price ₦525 / ESX price 74.9 birr" and let you trade.

For now, if you are in Lagos, you can only buy directly on NGX via Nigerian brokers — United Capital InvestNow, Meristem, Bamboo (Nigerian stocks). If you are in Addis, you must use CBE Capital / United Capital Ethiopia and you must be qualified investor.

We are maybe 2 to 3 years away from one App for all African stock exchanges. The plumbing is being laid now, with this Dangote IPO.

6 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 9:25pm On Oct 22

essentialone:
Dangote is selling his Refinery IPO to Ethiopians at the cost of N620 per share equivalent.

And only those with a minimum Networth of 83 Million Naira equivalent, excluding houses and cars owned, are qualified to buy the Dangote Petroleum Refinery IPO in Ethiopia.

And United Capital Plc, is the company spearheading the entire processes...

Lol why Una dey lie. How dem wan know those who are worth 83 million unless you are saying that the minimum you can buy is 83 million naira worth of shares

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 9:26pm On Oct 22

nosa2:
They raised money to pay off debt. Paying off this debt would free up interest expense. This money is going straight to the bottom line. Yes, issued shares will go up but when you do the math it is positive. Aside from this, the rights issue was oversubscribed by over 100%, I think about 140% (not too sure).

E go reach 2030 before EPS reach N10 grin

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:53pm On Oct 22

Agbalowomeri:
E go reach 2030 before EPS reach N10

Do you post concerning stock based on your content creation or do some maths
Have u checked what could be added to PAT if the company decides to eliminate 100% cost on finance. Then by 2028 the backward integration begins to add to the result if all things remain peaceful in nigeria
Well 2-3 naira return back to dividend is my target as I have enough afolabi units of the company . And price hitting #100 when BAT is sent to hospital permanently in France next yr

Na so you too no get investment on ngx like that data boy who comes here for propaganda..lol.

Re: Nigerian Stock Exchange Market Pick Alerts by Wotowotoman: 10:00pm On Oct 22

Agbalowomeri:
Lol why Una dey lie. How dem wan know those who are worth 83 million unless you are saying that the minimum you can buy is 83 million naira worth of shares

Enter google and search for the meaning of Qualified Investors. How hard can it be to verify the net worth? No be to ask them to present documents? huh

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:05pm On Oct 22

https://www.nairaland.com/8770430/hardship-nec-endorses-90-day-plan

I thought they said we are all lying. That the hunger and poverty ravaging the nation was product of our imagination.
@ Agbalowomeri see your cbn moving exchange rate to 1k before December for political gains. And your type will be shouting free float..lol

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by lawani(m): 10:19pm On Oct 22

Agbalowomeri:
E go reach 2030 before EPS reach N10

The company will perform better than that. The only problem with the IPO is what the money raised is planned for. Expansion to me is a waste of money but considering that what is being sold is just three percent, it isn't a very big deal

Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 10:50pm On Oct 22

SEC Boss on His Plan to Take NGX to ₦750 Trillion

https://www.youtube.com/watch?v=0sxpnsnRkmE

Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 11:27pm On Oct 22

I won’t lie, the honorable minister is right here.

I used to be one of those who parrot that the FG takes too much, but the fact is that the FG takes less and has more responsibilities relative to what it is earning. I now see it differently after a proper analysis of the numbers (s/o to @andrewfootie).

The FAAC pool consists of two core revenue sources: statutory revenue and VAT.

Things like petroleum taxes, petroleum royalties, government petroleum earnings, company income taxes, capital gain taxes, stamp duty, custom duties, excise duties, custom levies, etc are all statutory revenue sources.

Statutory revenue sources account for roughly 70% of the FAAC pool.

Based on the statutory sources, the FG takes 52% while the states & LG take 48%.

Meanwhile, on VAT, the FG takes just 10%, while the states & LG take 90%.

So in effect, the FG takes 52% of statutory revenue, and 10% of VAT. When you run the numbers, the FG takes an effective 30% of the entire FAAC pool while the states & LGs take 70%.

In addition to that 70%, states enjoy 100% of personal income taxes. Therefore, if you factor the grand total of all revenue, the FG’s effective share is even smaller (maybe down to 25% thereabout).

This is an anomaly. It shouldn’t be. The responsibilities of the FG (especially in context of fiscal policy) means that they should be earning more.

For example, the share of the national govt in revenue pool:

• Nigeria: 30%
• South Africa: 49%
• U.S.A: 66%
• U.K.: 93%

So on this one, I very well agree with the honourable minister of finance. 💫👌🏻

Copied from rufybaba

5 Likes 4 Shares

Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 12:00am On Oct 23

crownprince2017:
I won’t lie, the honorable minister is right here.

I used to be one of those who parrot that the FG takes too much, but the fact is that the FG takes less and has more responsibilities relative to what it is earning. I now see it differently after a proper analysis of the numbers (s/o to @andrewfootie).

The FAAC pool consists of two core revenue sources: statutory revenue and VAT.

Things like petroleum taxes, petroleum royalties, government petroleum earnings, company income taxes, capital gain taxes, stamp duty, custom duties, excise duties, custom levies, etc are all statutory revenue sources.

Statutory revenue sources account for roughly 70% of the FAAC pool.

Based on the statutory sources, the FG takes 52% while the states & LG take 48%.

Meanwhile, on VAT, the FG takes just 10%, while the states & LG take 90%.

So in effect, the FG takes 52% of statutory revenue, and 10% of VAT. When you run the numbers, the FG takes an effective 30% of the entire FAAC pool while the states & LGs take 70%.

In addition to that 70%, states enjoy 100% of personal income taxes. Therefore, if you factor the grand total of all revenue, the FG’s effective share is even smaller (maybe down to 25% thereabout).

This is an anomaly. It shouldn’t be. The responsibilities of the FG (especially in context of fiscal policy) means that they should be earning more.

For example, the share of the national govt in revenue pool:

• Nigeria: 30%
• South Africa: 49%
• U.S.A: 66%
• U.K.: 93%

So on this one, I very well agree with the honourable minister of finance. 💫👌🏻

Copied from rufybaba

Thank you for sharing. No matter how many times this is explained, people remain stuck in their misbeliefs, even supposedly educated and enlightened ones.

Take the "where are the subsidy savings?" question. It reflects a misunderstanding of how the Federation Account works.

Subsidy was paid from the FAAC pool before distribution. When subsidy was removed, that money stayed in the FAAC. FAAC has a strict constitutional distribution formula. So the money went to all three tiers.

The evidence is clear:
Total FAAC disbursements rose from N10.09tn in 2023 to N15.26tn in 2024, then N21.90tn in 2025 .
State allocations rose from N3.58tn to N5.81tn in the same period .
Nasarawa's Governor Sule said his state's monthly allocation rose from N3.8bn–N4.5bn to N14bn–N16bn .
Governors themselves confirmed they are getting more. Yet Nigerians still ask the President where the savings went.

The real question is not "where are the savings?" It is "what are the states (which also collects for the LGAs) and the FG doing with the increased allocations?" That is where the accountability gap lies.

That is why I believe that Nigeria will move forward faster when we seek to understand how things work, be less partisan and hold everyone accountable.

2 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 12:19am On Oct 23

ghm:
Thank you for sharing. No matter how many times this is explained, people remain stuck in their misbeliefs, even supposedly educated and enlightened ones.

Take the "where are the subsidy savings?" question. It reflects a misunderstanding of how the Federation Account works.

Subsidy was paid from the FAAC pool before distribution. When subsidy was removed, that money stayed in the FAAC. FAAC has a strict constitutional distribution formula. So the money went to all three tiers.

The evidence is clear:
Total FAAC disbursements rose from N10.09tn in 2023 to N15.26tn in 2024, then N21.90tn in 2025 .
State allocations rose from N3.58tn to N5.81tn in the same period .
Nasarawa's Governor Sule said his state's monthly allocation rose from N3.8bn–N4.5bn to N14bn–N16bn .
Governors themselves confirmed they are getting more. Yet Nigerians still ask the President where the savings went.

The real question is not "where are the savings?" It is "what are the states (which also collects for the LGAs) and the FG doing with the increased allocations?" That is where the accountability gap lies.

That is why I believe that Nigeria will move forward faster when we seek to understand how things work, be less partisan and hold everyone accountable.

This is the deeper point. The states are drowning in cash from FAAC, but they have very few of the "heavy lifting" responsibilities. Defence, foreign affairs, monetary policy, and major infrastructure are federal. The states are left with education, healthcare, roads, and local services—and even those are often poorly delivered.

So what happens? Governors become mini-emperors. They control huge monthly allocations, they decide how much (or how little) reaches the Local Government Areas, and they face little accountability because the public's eyes are fixed on Aso Rock.

The FG takes the blame for everything. The governors take the money and build political war chests.

And here is the uncomfortable reality: while the FG made the policies, the people are living in the states. The World Bank reports that 129 million Nigerians are living below the national poverty line. The North-West and North-East have the highest severe poverty rates—Kebbi at 52.7%, Jigawa at 52.0%, Sokoto at 51.4%, Bauchi at 50.8%. These are state-level outcomes. The governors are receiving record allocations and the poverty is concentrated in their domains.

What you then see is that governors now have presidential or senatorial ambition. A governor with a massive FAAC allocation, control over state media, and the ability to fund patronage networks has a ready-made platform for a presidential run. The current system rewards that.

This is why the "where are the subsidy savings?" question is misdirected. The money went to the states. The question should be: what are the states doing with it to alleviate the plight of the people? Because the people living in those states are the ones bearing the poverty.

Until we start holding governors to the same standard we hold the President, nothing changes. The center cannot carry all the blame while the states carry all the cash.

4 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:27am On Oct 23

https://www.vanguardngr.com/2026/10/tinubu-meets-with-zenith-bank-founder-jim-ovia-budget-office-dg-in-aso-villa/amp/

Re: Nigerian Stock Exchange Market Pick Alerts by GeneralDae: 2:48am On Oct 23*

Streetinvestor2:
https://www.nairaland.com/8770430/hardship-nec-endorses-90-day-plan

I thought they said we are all lying. That the hunger and poverty ravaging the nation was product of our imagination.
@ Agbalowomeri see your cbn moving exchange rate to 1k before December for political gains. And your type will be shouting free float..lol

Nobody said you were lying about hunger and poverty not even Tinubu himself.
Where we disagree is that we are fixated on what caused this hunger and poverty and the alternatives (ie were there better options to naira devaluation and subsidy removal?), while you specifically rarely debate that but you lean more towards politics thinking merely replacing one politician for another is the only answer.
I would have been willing to even lean towards this belief of yours if I thought the popular alternatives (Obi, Atiku, Sowore) had something to offer but I have listened to them and their policy flip flops(Obi, Atiku) plus simplistic ideas (Sowore) and I am sure they don’t.

Re: Nigerian Stock Exchange Market Pick Alerts by mindtricks: 6:21am On Oct 23

Stockpromoter:
I don't hawk stocks but promote stocks.
It is my own stock trading strategy.
I be active trader and I love trading despite I have a businesses that generates steady cashflow for me.

Enjoy your dividend stocks
Enjoy your politics but stop attacking Baron.APC is our problem not Baron.
Baron has a good plan for Nigeria than Atiku and Obi but cabals in APC is the reason why Buhari and Tinubu didn't achieve much.
Just pray for him and pray for obi and Atiku to work together with the Baron.Nigeria will sit up within days.
I am sure Baron is ready to work with oppositions this time around.

The sick old man is only after power. He's pure evil. No sugar coating, the only prayer be that wrath of God strike him without mercy.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Pennystockwarri(m): 6:53am On Oct 23*

https://youtube.com/live/QKVMtaz0x98?feature=share

https://open.spotify.com/episode/0C3UQlMYXziv8LkM5V6n8n?si=blFOwnIcS7Spvxyy-urhPw

https://open.spotify.com/episode/7BW3hNKymvLfmvLEKMDoK6?si=TBIczSBKRNe6bknRd-X4zw

Here are a few stocks on my radar in today's trading session on the NGX.

Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 6:55am On Oct 23

crownprince2017:
Give the mic to the critics that never see anything good in the country since it's not their candidate in power.

Oga. The only good from this government is seated comfortably in a brokerage account.

Habibat, Chinedu, Usman and Sikirat are all feeling the heat on rising cost of goods and services. They cannot confortably pay it up like me.

Even coming home to power after a days toil na war, because one idiot felt it is best to spend 15 trillion to cut out his estate front in the guise of a road than plugging it into the power sector before handing it over to state governments.
🌽 man..

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:19am On Oct 23

Wotowotoman:
Enter google and search for the meaning of Qualified Investors. How hard can it be to verify the net worth? No be to ask them to present documents?

You wan do IPO you dey ask me for my network? Maybe na me no understand

Re: Nigerian Stock Exchange Market Pick Alerts by Wotowotoman: 7:25am On Oct 23

Agbalowomeri:
You wan do IPO you dey ask me for my network? Maybe na me no understand

Ogbeni, I repeat. Enter google and type Qualified Investors and Qualified Institutional Buyers to educate yourself.

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:28am On Oct 23

Streetinvestor2:
Do you post concerning stock based on your content creation or do some maths
Have u checked what could be added to PAT if the company decides to eliminate 100% cost on finance. Then by 2028 the backward integration begins to add to the result if all things remain peaceful in nigeria
Well 2-3 naira return back to dividend is my target as I have enough afolabi units of the company . And price hitting #100 when BAT is sent to hospital permanently in France next yr

Na so you too no get investment on ngx like that data boy who comes here for propaganda..lol.

Read what you wrote again
How is it different from my assertion?
Before backward integration go enter balance sheet no be 2030 be that?
If you wipe out the cost on finance, year end EPS no go still touch N5

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:29am On Oct 23

Wotowotoman:
Ogbeni, I repeat. Enter google and type Qualified Investors and Qualified Institutional Buyers to educate yourself.

I no get dictionary

Re: Nigerian Stock Exchange Market Pick Alerts by francesfrances: 7:37am On Oct 23

megawealth01:
One of the best places to invest is the POWER sector...

I don't know if it has been fully privatized?

TRANSPOWER PLC on my mind

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by francesfrances: 7:39am On Oct 23

mikeapollo:
Nigeria Has The Largest Number of People Living Without Electricity- World Bank

https://www.nairaland.com/8769549/nigeria-largest-number-people-living

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by GeneralDae: 9:02am On Oct 23

Latest from Taiwo Oyedele on the economy.

https://www.youtube.com/watch?v=rQgNydtkQPE?is=U8jDgHVuq21D_gYM

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:05am On Oct 23

GeneralDae:
Nobody said you were lying about hunger and poverty not even Tinubu himself.
Where we disagree is that we are fixated on what caused this hunger and poverty and the alternatives (ie were there better options to naira devaluation and subsidy removal?), while you specifically rarely debate that but you lean more towards politics thinking merely replacing one politician for another is the only answer.
I would have been willing to even lean towards this belief of yours if I thought the popular alternatives (Obi, Atiku, Sowore) had something to offer but I have listened to them and their policy flip flops(Obi, Atiku) plus simplistic ideas (Sowore) and I am sure they don’t.

No get time for data boy with no investment on ngx

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