I AM PROUD TO ANNOUNCE ROUND 2 OF THE OFFICIAL AMERICAN EMBEDDED PI PICO FASTEST SOLDERING COMPETITION ($200 PRIZE POOL)
Rules:
- MUST PLAY SKRILLEX SCARY MONSTERS AND NICE SPRITES WHILE SOLDERING (loud)
- MUST USE A REGULATION PI PICO (Pi Pico 2 and W variants allowed)
/cont
Claude they do wetin I no send am this morning, trying to add itself as a contributor to this company project. I first off WiFi make make both of us breathe well 😂😂
Week 7 update for Haulink
Cardano is live on https://t.co/LcmwebDGyq.
Merchants can now pay for freight slots in ADA via Mesh SDK — transaction confirmed on Cardano preprod in 18 seconds. Operators anchor proof of delivery on-chain with CIP-0020 metadata, and the public tracking page shows a verified Cardanoscan link for every delivered shipment.
https://t.co/LcmwebDGyq is live with full booking, tracking, and on-chain delivery verification.
Next: cargo estimator tool and UX polish pass.
#gimbalabs #pieceofpie #hackathon @gimbalabs
Davido’s recently deleted social media post may have been a temporary lapse in corporate discretion, but for the Nigerian capital market, it provided the most definitive receipt of the year.
By posting a picture of the unexecuted private placement form for the Dangote Petroleum Refinery & Petrochemicals FZE, the Afrobeats star accidentally handed the market the exact coordinates of Africa's most anticipated listing.
While the form itself was blank, the printed offer parameters were highly telling: the private placement is structured around 3 billion ordinary shares priced at $0.35 (35 cents) per share.
Here is the breakdown of what this leak means for the upcoming Initial Public Offering (IPO) and the valuation of the refinery.
The Private Placement Valuation Math
Using the prevailing exchange rate of ₦1,373 per US Dollar as a benchmark, we can calculate the exact domestic cost basis of this early-stage capital round:
1. Price Per Share (In Naira):
$0.35 × 1373 = ₦480.55
One pre-IPO share is priced at approximately ₦480.55.
2. Total Value of the Private Placement Tranche:
The total value of this specific 3-billion-share private offering is approximately **₦1.442 Trillion** (roughly $1.05 billion).
Narrowing the IPO Pricing Band
In corporate finance, private placements executed ahead of a public listing are typically offered at a strategic discount (usually ranging between 15% and 30%) to compensate early anchor investors (such as possibly his friend Femi Otedola, who has reported requested a $100 million stake) for illiquidity and execution risk.
If ₦480.55 represents the discounted, pre-IPO entry level, we can logically project the public listing price on the Nigerian Exchange (NGX) to land within the ₦600 to ₦800 per share corridor.
This pricing strategy has major implications for the market:
1. Democratic Market Liquidity: At ₦600 to ₦800 per share, the stock remains highly accessible to retail investors. Unlike elite, high-priced peers like Seplat (which recently crossed the ₦10,000 milestone) or Aradel (trading above ₦1,200), a sub-₦1,000 entry price ensures massive retail volume, deep order books, and healthy post-listing liquidity.
2. Implied Total Valuation: If Dangote Group plans to float approximately 10% of the refinery’s equity to raise up to $5 billion, a private placement of $1.05 billion (representing ~2% to 2.5% of the company at this stage) aligns perfectly with the target overall valuation of $40 billion to $50 billion.
The Wolf’s Verdict
The leak confirms that the valuation of the Dangote Refinery is not built on speculative hype but on precise, dollar-denominated assets.
Buying in at the private placement rate of ~₦480.55 is a structural advantage, but even if retail investors have to wait for the official public listing in the ₦600 to ₦800 range, the long-term outlook remains incredibly robust. Given that the refinery is already operating at a massive scale and generating USD-equivalent revenues (with dividends promised in USD despite buying in Naira), this will undoubtedly become the anchor asset of the Nigerian capital market.
The speculation is over. The pricing corridor is set. Position your cash reserves accordingly before the September bell rings.
The game is the game. 🐺
Still can’t believe my wife made us pay our rent way ahead of time and stocked up the house with food, prepaid meter unlimited, just before we started wedding expenses 😂 😂
BIG CHANGE:
YOU CAN NOW OFFICIALLY
GENERATE ELECTRICITY FOR YOURSELF, USE WHAT YOU NEED, AND SELL EXCESS ELECTRICITY BACK TO THE GRID THROUGH YOUR DISCO
The Nigerian Electricity Regulatory Commission (NERC) has commenced the Net Billing Regulations 2026, a new framework that allows eligible electricity users to generate power mainly through solar energy for their own use and export excess electricity back to the distribution network.
In simple terms, if your solar system generates more electricity than you consume, you can now send the extra power back to your DisCo and receive credits under a regulated billing arrangement.
This effectively creates what the sector calls a “Prosumer” ;meaning you are both a consumer and producer of electricity.
However, there are conditions.
This is not yet targeted at the average small residential solar setup.
To qualify:
-You must already be connected to a DisCo network.
-Your renewable energy system must have a minimum installed capacity of 50kWp and a maximum of 1.5MWp
-You must obtain approval from your DisCo.
-You must sign a Net Billing Agreement and register with NERC.
Approved users will receive bidirectional meters that track: ➡️Electricity imported from the grid
⬅️Electricity exported back to the grid
perforation, and soldering has been around in Nigeria for a long time. Don't compare it with what people order from JLCPCB in China, and make it look like you're offering the same value.
That's how you guys were polluting the internet with one "hUmAnOiD mY aSs" robot.