₦airaland Forum

seunmsg:
All these unnecessary bad belle. He has been a Senator representing Ogun state since 2023 and you have nothing to say about his performance in office or about his competence to run the affair of the state. All you are ranting about is useless issues about his possible Ekiti ancestry.

Madam, you are a disgrace to Yoruba people all over the world. Yoruba people don't move mad like this. We are a united people.

Yayi is an Awori man with very clear traceable roots. His family members and the entire Ogun west senatorial district have are well aware that he is their son. So, do you know him more than an entire senatorial district? This is just an unfortunate attempt to again deny the people of Ogun west a shot at the governorship office of the state. Yayi is the next governor of Ogun state whether you all Awori haters like it or not.

if you can prove this right then you've won my vote for yayi. if not just come off it, even before this, his recent identity fraud I don't have the intent of voting him though I'm from West, Awori, Ado-Odo.

I no go vote with sentiment but if you confirm yayi Awori status, him don get my vote. they said he is Yewa, now you said he is Awori. irrespective prove it.

HacheNoire:
Dangote shares 🚀🚀🚀🚀🚀

Houthis should put same energy on Saudi Aramco!

At the slightest provocation? Iran should put-in that work on Qatar, Kuwait, Oman and Bahrain.

choi! the way your head dey work nobi here again. for this one, I dey with make dem dey war make we dey cash out.

make all of dem scatter area once Russia Ukraine gbasgbos, that middle east wahala go push the shares o.

for the first time I enjoy your reasoning.

dmexy33:
Every refinery is an integrated petrochemical complex meaning that as it refines for petro, there are other byproduct comes out before petrol which are useful in making other products like clothes, fertilizer, etc does dangote have the comparative advantage to delve into clothes or fertilizer production?

For Dangote refinery to make money, putting into consideration foreign exchange rates, the refinery makes more profit when the cost of fuel at the pumps go up. Let's assume the price of CRUDE OIL goes from $100 to $120 the refinery will buy crude oil from the FG/NNPC at $120, refine it and sell it at a more expensive price.

And there IS NO DOUBT THAT DANGOTE REFINERY IS USELESS AS FUEL IS BEING PHASED OUT GLOBALLY, many countries in the middle east are losing their refineries to war, same applies to RUSSIA/Ukraine, China has completed phased it out, UK & Europe and US are phasing it out gradually. The refinery will eventually become useless.

It's seems youare more angry that I am a BROKER AND FINTECH EXPERT 😂😂😂😂🤣🤣🤣🤣

how do you conclude usa is phasing out refinery when trump is planning to build a new 168,000 bpd refinery in Texas.

OAkanni001:
Like I said, I don't wish to engage you anymore but I will do it this last time.

You keep repeating the same flawed narrative and dressing it up as financial wisdom.

1. On your claim that oil is an international product with uniform pricing and that shareholders can only make real money if crude keeps skyrocketing

Nobody disputes that crude oil is globally priced with minor differentials. What you conveniently ignore is that a refinery does not make its money solely from the absolute price of crude. It makes money from refining margins, the difference between the cost of crude and the selling price of the finished products.

Dangote Refinery is already selling petrol, diesel, jet fuel, LPG and petrochemicals both locally and internationally. Higher crude prices raise product prices, but the company still captures the margin.

Petrol is one of their major revenue stream but it is not the only thing being produced. They can easily diversify their revenue source and the reason petrol is the highest is because it is based on demand.

Modern refining plants are specifically engineered and optimized to maximize production of certain derivatives, some are optimized for Petrol while others are configured to prioritize diesel or jet fuel based on what is most profitable or requested by the market.

Your assertion that shareholders only profit when petrol becomes extremely expensive is simply not how refining economics work.


2. Your China claim is still wrong.

China has not “completely phased out petrol cars.” Electric vehicles are growing rapidly and have reduced petrol demand, but petrol and diesel vehicles are still on Chinese roads in large numbers. The same applies to the UK congestion charges and America’s gradual EV adoption.

China's Hainan plans to ban sales of fuel cars by 2030: https://www. chinadaily. com.cn/a/202607/14/WS6a55f6d4a310986e2b46535a.html

The above is a reputable news outlet announcing a plan by a major city in China to ban sales by 2030 not even the use of petrol cars.

Now quote your source on the outright ban.

Secondly, to phase out petrol cars, I don't understand your "unaffordable" that could eventually lead to a global energy crisis like you predicted.

But I know to discourage the use of petrol cars, government will either place an outright ban making it usage illegal or adopt a less strict approach by increasing tax and tariff to discourage citizens from using them. Those two measures can't lead to energy crisis.

3. On the cost of living argument:

There is still no automatic one-to-one relationship between Dangote Refinery’s share price or dividends and the cost of living for every Nigerian. Living costs are driven by exchange rates, fiscal policy, logistics, multiple taxes, and government decisions not solely by one company’s performance.

So, if you have a good government with solid economic plans to improve the welfare of Nigerians, the shareholder gains while that does not stops the economy from growth and development.

Infact if the refinery reduces Nigeria’s fuel import bill and earns foreign exchange, that is a net positive for the economy, not a curse.
Your 50k-to-500k example with petrol at 10k per litre is pure speculation designed to scare people.

You cannot invent extreme future prices and then declare that any investment gain is automatically wiped out. That is not forecasting; that is fear-mongering. Real financial analysis weighs actual refining margins, product mix, export potential, and the company’s expansion plans, not worst-case scare stories.

Your repeated claim that the only path to shareholder profit is an unaffordable fuel crisis is not supported by how modern refining actually operates and whether he released the shares to the general public or not, his refinery existed already so the IPO does not make much difference as it is less than 4% of the company valuation.


4. On calling Nigerians “olodo”:
You are free to criticise poor research or bandwagon investing. Many people do jump into IPOs without proper due diligence. That does not give you the right to brand an entire group of investors as fools simply because they chose to participate in a legitimate company offering. We've got institutional investors who partook in the exercise. Are you claiming they don't know what they are doing?

I'm done with ya!

coming to tell us usa is phasing out refinery when trump is planning to build a new refinery, is something else.

Kukutente23:
Allah will need to manufacture more virgins in the coming days

mind the you the real terrorist killing for virgins don't get hit by those demon metals but the innocent Palestinians.

Kukutente23:
How's that possible
You don't know what you're saying

if I don't understand what I was saying you wouldn't understand me. How come you me when I don't understand myself?

those bombs you, you9ted sta8 of hermericar and israhell kills more of innocent soul than those virgin seekers.

ITL:
We are a cooperative organisation and one of our venture is Black Soldier Fly (BSF) Lavarium, our members gets allotted units and we managed the lavarium together professionally.
You get to learn the technical aspects and the management of the lavarium.

do mean the cooperative train and set up for individuals that are interested or the cooperative manage on behalf of individuals!?

kingbee90:
If you can answer these questions, you'll make a great decision.

even in the united state were the evs are being manufactured trump in planing on building more refinery.

christejames:
How does it concern the Okada riders and bus drivers passing the bulk of expensive fuel to the untold passengers?

just an opportunity for you and those okada riders to grab his jacket and tell him the reality to his face.

mind you he is a businessman and never a regulatory agency or policy maker.

buygala:
Auntie wetin you do wey e delete am?

And why exactly do you have a YouTube manager for a movie you claim to solely own?

no matter what killing her doesn't resolve things.

EKONGKING:
Tinubu policies are finally getting noticed and there is lot of money floating around finally put to good use .
what will obidients cry next

why are you politicising this whole process? like tinubu floated the IPO!? if dangote were like tinubu we won't have this massive investment.

this going down history and may turnout a game changer.

ITL:
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Safe Nest Larvarium
A cooperative-driven agricultural system allowing members to participate in Black Soldier Fly (BSF) farming without managing daily farm operations.

Function: The system converts organic waste into high-protein larvae for animal feed (poultry, fish, pigs) and organic fertilizer known as frass.

Operations: Safe Nest manages the infrastructure and operations while members participate as structured contributors or backers.

For investment oppourtunities in Safe Nest Larvarium, send a DM

how is this going to work?

it shows how low he is, nothing more. this are people that want to lead us. little will be surprised since dapo abiodun is involved (such mediocre).

SonOfWords:
Now that you've achieved the first to comment prize, go back and read the article again.

this one na water down o, the first comment should pave the passage for heaven's.

stan4b:
The better and most profitable parts of the shares have already been bought by those at the top. They bought it at a very discounted price, way way lesser than what is being listed now.

They're Most likely looking to use the public shares as their exit liquidity now.
And, that's why the rich will keep getting richer, while the poor stays poor. Cause they think they're way smarter than the poor, which is true.

If you have spare money, you can give it a shot though.

As for me, I rather use my money to eat suya, than use my own money as part of their exit liquidity.

you only confirmed your comment by being the true example.

Helinuse:
Lamba for who no know.


It's just like an okrika man telling you that his wares are original. Before nko, wetin e suppose talk?


A driver, cook, and trader has no business with "buying shares."
They can do it, but they shouldn't.
At their level of capital, the system becomes more unprofitable than profitable.
Not that they will lose their money, oh, but they surely will not make enough as they would have made channeling such liquity to ventures that are within their capital value.

No allow big man whine you.

how do expect droplet to make impact like a flood?

cr7lomo:
Dem never chop finish...ubde expect them to use the little 70k to buy urus shares thats over 5k per shares...

5K bi tí bawo, I read 525 Naira and minimum of 10 shares.

dododawa1:
5
Dangote stated this at the signing ceremony held in Lagos, describing the transaction as an “IPO for the people” designed to democratise ownership of 5 massive industrial facility.
The IPO comprises 4.1 billion ordinary shares at N525 each and is expected to raise just over N2tn, according to Dangote.

The businessman said the minimum subscription would be 10 shares.

The signed prospectus puts the value of the offer at about $1.6bn, while the IPO values the refinery at about $49bn.

The IPO is scheduled to open on September 14 and close on October 13.

https://punchng.com/drivers-cooks-traders-can-own-refinery-shares-says-dangote/

Imalwayshorny:
Which anambra did you change at least there's evidence and proof on nairaland 😂 same anambra obiano and soludo change

he never said he governed over nairaland but Anambra State. so how come the evidence are all over nairaland. all this nairaland citizens and their top-down mentality.

Emmagal:
The question is not really whether ₦500 million is a lot of money
The bigger issue is whether a Nigerian musician can genuinely build that kind of wealth from music and other legitimate businesses

they can, if they know what they are doing.

Richtaiwo:
And I used to think this Donald Duke has sense.

At his age, one will expect he should have experience of military rule in Nigeria, but here he is, indirectly instigating the military.

I can't argue less. you just too right with choice of words. at least for the record nothing to lose on his part. he has once looted since there isn't room to loot more the military should take over, once they do he will be notice for appointments.

Imalwayshorny:
They'll blame tinubu for it again

Like say their Messiah called Peter obi can do better

you just said nonsense, can't you guys just be reasonable for one. under who's watch was the company liquidated?

probably you are to be blamed for this since you are absolving those that are meant to. must every public entity go insolvent.

who appointed those that took the company into insolvency in the first place? checking I discovered you were or the Peter Obi you are subtly blaming.

was it under Peter Obi watch that NICON the biggest and most powerful insurance company in Nigeria closed shop?

Sheuns:
I grew up seeing a few albinos and from my perspective and experience, they were not so many people that "bully" them. A larger percentage of people do not even care.

you are actually right they get this special preference still we have a handful of weird fellows that meant to be demons, some found themselves being human.

are this their representative or the entire kano hired residents. sure they aren't paid opposition content creators.

as much as I detest the apc lead tinubu government we should be factual. thought it is their style if is used against them no problems.

insincerity everywhere. this is what it has turned to. EFCC lost credibility when it became a tool in the hands of politicians and who ever had what it takes to control them.

you can open a case against on anyone at any point in time irrespective of personality or status. for long EFCC was sold out and the reserve for those that can afford it later.

fear of the populace and atikus supporters not coming out to screaming witch hunting is holding Nigerians off knowing the truth about people who are out to lead and represent them.

yarimo:
Unserious oppositions will soon condemn it, as if they have any business in APC affairs.

why are thy called opposition? you and your imposed government want opposition but no criticism.

what is opposition when there isn't criticism? you just invited them for real as such they will mark the credible attendance.

I thought no usa soldier died in the conflict against iran.

Goosethetruth:
Oga,
You need to read that your religious book very well and tell me how many people Yahweh slaughtered/killed in the bible and then juxtapose it with the number of people killed by Satan in the same book.

In the end you will find out that Yahweh and Satan are actually pals taking bets and playing bet Naija with your life. Read Job chapter 1 verses 6-22.
Not that I believe a word of it is true!😐

you sound scrambling and scampered. you know he slaughtered, yet you can't present the figure but want someone else help you.

you aren't proving a thing because you don't have a proof of what you are saying. God chose to proof how sound the faith of His subject is turns Him a gambler in your context right!?

I will rather follow a God that gambles my life in promise of Peace than with an empty promise who in turn awaits doom.

Alabig1000:
Them get spare life let them ride on

there spare life has turned out to be a risk to other road user.

ratcock:
Who is your Tinubu?
Misfiring shots when the need doesn’t arise

the election man is inconclusive indecisive even before the general election.

he has forgotten about lekki toll gate so soon. it's easy to say since his second term is coming to an end.

PlasmaTV:
That short man president, BAT, can't even govern a country properly.

his brain has finally stop working optically.

Realestatepro:
Everywhere now connects to Lagos.

When is Lagos going to solve the agbero problem on the road since everywhere now connects to Lagos?

It's embarrassing & an eyesore for visitors from other places to see this guy's on rampage.

no government that will come into office in Nigeria irrespective of tribe that won't want to lay an impact in Lagos. still the administrative focus on Lagos remain it's biggest problem.

only and only if other parts of the country are massively developed that your complain about Lagos can be reduced. of the truth the crop of current governors we are having are too criminally minded than focus on developing those federal component.

HacheNoire:
I was almost scared!

I thought Lagos made the list.

The whole metropolitan area has been hijacked by thugs, hooligans, touts and most especially cultist.

They cannot party or enjoy in peace! Fight must always start. Atimes, you just find yourself running without knowing what’s chasing you.

It’s either you are inside one Eiye or Aye dominated club or party scene.

besides this you mentioned hurricane tinubulation has struck many nightlifers.

@HacheNoire, wait o. on which side of the bed did you wake up this morning. this comment is unlike you. don't take this as complement just seriously.