₦airaland Forum

Dangote buys 24pc stake of Kenya Pipeline Company


https://www.businessdailyafrica.com/bd/markets/capital-markets/dangote-buys-24pc-stake-of-kenya-pipeline-company-5640152

Alhaji is gone. You can't catch him.

Kenya receives second shipment of heavy machinery for Dangote’s planned East African refinery

https://africa.businessinsider.com/local/markets/kenya-receives-second-shipment-of-heavy-machinery-for-dangotes-planned-east-african/l68jvxl

Alhaji talk and do...

Hmm. You really believe the Federal and States' governments will let go of some their monthly FAC loot to shareholders?

KarlTom:
I believe that we are seeing more disclosure because the IPO is drawing closer...

https://businessday.ng/news/article/nnpc-advances-ipo-plans-moves-to-close-governance-gaps/

I will believe NNPCL's numbers the day I start believing Oando"s.

KarlTom:
NNPCL

Profit After Tax Surges 54.5% from ₦279 billion to ₦431 Billion in August 2026
Revenue of ₦3.74tr as against ₦3.09tr recorded in July 2026.
19.89% increase in cumulative statutory payments from ₦7.91tr for January to July to ₦9.49tr for January to August.

More here: https://nnpcgroup.com/insights/nnpc-limited-monthly-report-summary-august-2026

You can fool Northerners on Abuja-Kaduna highway, you can't fool southerners on Coastal Highway.

SonofElElyonRet:
Government is trying to save face

https://www.thisdaylive.com/2026/10/14/lagos-calabar-coastal-road-presidency-disowns-plan-to-bypass-some-states/

Image what this country must have lost through the corruption, steeling and eventual grounding of the nation's refineries. The DR has really exposed a lot of what happened and is still happening in the Nation's petroleum sector.

EDUECO:
Dangote Refinery is a mini Nigerian economy!

It is going to be a 10 bagger company in 4 to 5 year.😁

Thanks. I transfer some amount.

essentialone1:
That's the *CBN Guidelines on Management of Dormant Accounts, Unclaimed Balances and Other Financial Assets* — latest version July 19, 2024. It updated the 2015 version.

GTB is quoting it directly:

*1. Classification*
- *Inactive:* No customer-initiated transaction for *6 to 12 months*
- *Dormant:* Remains inactive for *1 year or more* after last customer transaction
- Applies to *all account types:* current, savings, term deposits, domiciliary, prepaid cards or wallets, shares deposits.

Customer-initiated means YOU do transfer, deposit, withdrawal, USSD. Bank charges, interest, COT don't count.

*2. Bank must notify you*
CBN mandates banks to *notify you when account becomes inactive and give quarterly updates after* — that's the SMS you got. They must also notify 6 months before classifying as dormant.

*3. What bank cannot do*
- Banks are *banned from converting dormant balances to income*. It must stay as deposit liability until you claim it.

*4. After 10 years — Unclaimed*
If dormant for *10 years* with no claim, balance is transferred to CBN's *Unclaimed Balances Trust Fund (UBTF) Pool Account* and invested in T-Bills. You can still reclaim it — bank verifies and CBN refunds principal + interest within 10 working days.

*5. Exemptions*
Accounts under litigation, investigation, or used as collateral or lien are NOT classified dormant.

So your account just hit the 6-month inactive trigger — one small transaction today will reset the clock.

Abeg. Can a savings account go dormant? I received a txt message from GTBank that my savings account has gone dormant because there was no transaction in the last couple of months. 😭

I rhink there should be a rule on NSEMPA that whoever makes a post like this must back it up with detailed valuation.

megamart247:
DANGOTE Refinery doesn't worth more than #200.

Meanwhile OANDO doesn't worth more than #10

Nigerians will learn a new thing

The shocker will be the refineries. I still see Tinubu selling them in his 2nd term. He must know that ounce government refineries are working he has to return fuel subsidy. This is in addition to any personal business interest he may have. He will not do it now because it will be a huge electoral liability. They are acquiring a lot of friends and goodwill in the Niger Delta. This may give rise to a workable arrangement for the sale. This is just me thinking a loud. I have no other information on this.

mikeapollo:
Yeah, you are right.
They actually want to acquire more stakes from NPPC in their JV.
The FG announced a plan to sell NNPC stakes in some JVs but suspended it after industry players kicked against it.

The Angolan oil bloc is also there.
But a lot of things will depend on restructuring the debts and ability to raise enough equity to minimize the finance costs.

Banks should just stop giving interim dividend. It's not worth it.

faoogoke:
PRESS RELEASE Lagos, Monday, October 5, 2026 DELAY IN PUBLICATION OF AUDITED FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED JUNE 30, 2026 Fidelity Bank Plc (“the Bank”) wishes to inform its esteemed shareholders, Nigerian Exchange Limited (NGX), and other stakeholders that NGX has approved a further extension of time for publication of its Audited Financial Statements (AFS) for the Half Year Ended June 30, 2026. NGX had earlier approved an extension of time to September 30, 2026, as stated in the Bank’s press release of August 21, 2026. The AFS will be published upon receipt of regulatory approval. Premised on the foregoing, the Bank’s Insiders and their Connected Persons are reminded that the trading window for dealing in its shares is currently closed and shall remain closed until twenty-four (24) hours after publication of the AFS for H1 2026 and the Unaudited Financial Statements for the period ended 30 September 2026.

Below 30 is possible, but below 20 will be shocking. Unless they really want to go peivate. But from what I am seeing they can't go private unless they don't plan on acquiring more national oil assets. As a private company people will kick, but as a listed company they will get some supporters. Just look at what Alhaji is doing.

mikeapollo:
It can even drop below N20! Nothing is impossible.
Remember it was selling for N4 few years back.

But if you have patient funds to wait, it has potential to deliver.

Will Oando drop below 30?

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -1.43%
SEPLAT. ±

View on Dangote Refinery IPO from Zambia


https://www.youtube.com/watch?v=9vr_w20AOM8?si=xo67C10Y1yfm9g9B

Do you know that for many African countries, if you can show up with US$5bn, set up factories to manufacture products that they are currently importing but which they actually have the raw materials to produce, you can actually take over the economies of those countries?

Raider76:
Ethiopia needs its own version of Dangote

Source: YouTube
https://share.google/iuU5lF2KuFvEDpHrL

Nigeria is lucky to have one, but doesn't seem to realise it.

Ethiopia needs its own version of Dangote

Source: YouTube
https://share.google/iuU5lF2KuFvEDpHrL

Nigeria is lucky to have one, but doesn't seem to realise it.

Access and Oando to me are the same. Only that while Oando's fundamentals and management issues are out in the open. Access fools people with strong fundamentals and blinds people to its management issues.

nosa2:
Sold down my Access and bought back ETI.

This extension no be am

Part of the lessons he must have learnt and is carrying forward to Kenya. That's the difference between billionaires and us. They look forward, we look back.

londonerr:
Good. He failed in South Africa.

I believe Dangote must have calculated the political risks in Kenya. Remember that he is operating in several African countries with varying political risks which he must have navigated successfully. This is also not the first time he is investing in Kenya. He tried that with cement before and learnt a lot of lessons. In this case he has the government on his side. He is bringing in an unprecedented investment. It is up to Ruto, who also has his polical legacy hanging on the success of the refinery project, to handle the local politics.

londonerr:
Kenya is not Nigeria. The rule of law and the vibrancy of the populace is high...their morale is very high ... He should watch it

https://www.youtube.com/watch?v=VpNq_LhD9yY?si=WKdKmhJP4lDFdbGc

NNPC demands profitable refineries, explains Dangote crude supply

https://punchng.com/nnpc-demands-profitable-refineries-explains-dangote-crude-supply/

NNPC still doesn't know how to make it's refineries profitable. I think there is a game at play here.

How do you think FPI buying due to FTSE Russel might affect your prediction?

aj8:
Common Sense Target for GTCO based on H1 is 111.80. The lower the fall below 111.80 the better the entry. I expect some media engineering around a probable high-end-of-year dividend payout to help prop up the price maybe around N120 till Q3 results show improved prospects. I would consider buying at prices within N105.00-N111.00 should it fall to that range.

Dangote Launch Petroleum Pipeline Linking Djibouti And Ethiopia #africanews #dangote https://share.google/eUceg1DuotgZME31c

Honestly it is amazing how Dangote works. He must be a genius in identifying talented people and organizing them to achieve goals. He is now working on at least 5 major projects. I wish we have 4 more such people like him in this country instead of all those thieving politicians.

chimex38:
Mr. Talk and do

#UNGA81 : Bring the money back home - Dangote https://share.google/YoBngw3HZGmEPSCnY

This is how dangerous rumors start. Where did it say that Dangote is doing his own for only muslim women?

londonerr:
When is Femi Otedola doing same for Christian women?