₦airaland Forum

Omooloriredade:
https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/

This one?

In my opinion, still not the best move for Oando. Consolidate your Upstream business and clean up your books first. There is money to be made in Upstream liquids and Gas.

Oando is late to the party. Dangote has some positives - brand new refinery, latest technology, economies of scale, largest in the region. They will just be able to squeeze out their desired margin.

Sometimes it is better to buy a brand new car than buy a very old Mercedes benz. The benz might send you to an early grave.

Read this one too:
https://www.guardian.co.tt/business/petrotrin-refinery-attracts-nine-new-proposals-6.2.2051474.3eb2e1115c

Disclaimer - Please it's just my opinion. May be it's because I just find the refinery business too risky. Operations management must be best in class to make money.

Omooloriredade:
Makes no business sense to me. Just focus on upstream and if you must dabble into refining why Trinidad & Tobago? Very small market in that axis. You would have to spend top dollar to turnaround the fortunes of the refinery. In fact, further loses are guaranteed in the first few years following the takeover. Looks like a misadventure about to happen.

Disclaimer - As per usual commentary. All based on personal opinion. Post could be wrong and misleading so please DYOR.

KarlTom:
There's something about the Nigerian Insurance sector we are yet to decipher.

AXA came then ALLIANZ followed. Now it's PRUDENTIAL.

I think someone also said a Bank is about to buyout an Insurance company...

EreluRoz:
Emmaodet what financial advise will you give to someone with 15million naira laying somewhere and don't know how best use it.

megawealth01:
Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months

https://www.thecable.ng/naira-depreciates-to-n1700-at-parallel-market-lowest-level-in-seven-months/amp/

megawealth01:
Flour Mills Of Nigeria Set To Expand Outside Nigeria


https://dailypost.ng/2024/09/26/flour-mills-of-nigeria-bets-big-on-pan-african-expansion-with-strategic-restructuring/

mikeapollo:
Oba Otudeko will surely fight back. But as long as the price rises and they pay good dividends, shareholders should be happy

yMcy56:
I'm [b]hoping to see Oba Otudeko appear somewhere along this lane for HW sha........I hope the minority shareholders of HW are well compensated

crownprince2017:
Dangrefinery is a necessity in Africa for atleast another 20 years.

BullBearMkt:
My Oga, I no get strength for that. Na money I dey look 4

BullBearMkt:
...you've done very well for yourself @Jonwest

BullBearMkt:
Once upon a time, a wealthy and wise father, gave his two sons, Olu and Ade, equal amounts of money to invest in the Nigeria stock market. Ade, "loves to punch numbers" to find stocks to invest in and regarded other stocks outside this as monkey hunting and gambling. Olu on the other hand, enjoy picking stocks that have large money flowing in & filter social media for news.

Olu noticed stocks that met his criteria and bought them thereby turning his given money by 500%. Ade, because of the economic situation of Nigeria, kept his money because all the stocks rising are regarded MH and gambling.

Months later, their father called them together. He praised Olu for his diligence, foresight, and courage, rewarding him with additional capital to invest. "You've multiplied what was given to you," the father said proudly, "and you shall be entrusted with even greater responsibility."

Turning to Ade, the father expressed disappointment. "You played it too safe, ignoring opportunities in fear and regarding Olu as gambler. You will lose part of your investment allowance and I will give them to Olu.

The characters and events in this story are purely fictional.

ololufemi:
For those on this forum who own Oando, word on the street is that they have sold a significant portion of theirs between NGN80 to NGN90, so leave matter for Mathias (apologies to Pa Emma).

Zagee:
Japaul in loss. But overall, good to see significant improvement from its operations. We watch.

All these FUGAZes.

Zagee:
Market has been stale. All the sharks are in Rivers State. Honeywell still on the radar. Insurance insuring.

In the mean time, a hotel is up for sale in Port-Harcourt. Valuation 750m. Private chat me for details

Panadee:
I agree with @Zagee

Sometimes, it just doesn’t make sense.

Heard that they are collaborating with a foreign firm to use electric motors/vehicles for their water transportation venture, but how profitable could that be?

ojeysky:
But do you know what is moving Caverton? It already exceeded its 52w high and seem to be heading towards it's historical highest price

Zagee:
This is our YEAR. We eat big. Again!!

designking:
One stock picked on this forum I regretted not joining was Caverton. Somebody mentioned it on this thread when it was still very cheap and ripe for entry, I just placed it on my watchlist without investing some money on it.

This morning, I reviewed my watchlist, and I was shocked Caverton has done over 80%.

BabsO2:
Someone asked about the domestic dollar bond. It was over-subscribed.

The federal government had on Wednesday announced the raise of over $900m from its debut $500m domestic dollar-bond offer that closed last month, August 30,2024, with an interest rate of 9.75 percent per annum for 5 years.

Omooloriredade:
You and Top Agent Ololufemi
🤓🧐
I bow

KarlTom:
If you are referring to the likes of Eterna, MRS, they are Official Domestic Sales Distributors of Dangote Petroleum Refinery Products in Nigeria.

I don't think any coy signed a right-to-purchase agreement with DR...