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If you’re seeing this tweet and you don’t know how to prepare for the Dangote Refinery IPO, bookmark this right now.
STEP 1 — Get a traditional stockbroker
This is where most people will get it wrong. When this IPO drops you need a registered dealing member of the NGX not Bamboo, not Trove, not Chaka. Those apps are for buying stocks already trading on the market. An IPO is a primary market offering. Your application goes through a traditional broker directly.
Here are the top brokers on the NGX right now ranked by actual trade value in 2025. Pick one.
CardinalStone Securities — No. 1 broker on the NGX three years straight. First broker to cross ₦2 trillion in trades. They have an app too.
Stanbic IBTC Stockbrokers — Backed by a major bank. Strong app. Instant settlement if you bank with Stanbic.
Meristem Stockbrokers — Best for beginners. Webinars. Education. Customer support that actually answers.
Cordros Securities — Solid institutional broker with retail access.
Chapel Hill Denham — Strong research. Fully equipped for equities and IPOs.
Afrinvest Securities — Around since 1995. Wealth management and IPO access.
STEP 2 — Open a CSCS account
Your broker will do this for you. CSCS is your identity in the Nigerian stock market. No CSCS number no shares. You need your BVN, a valid ID, passport photo and a bank account. Most brokers set you up within a week. Some do it online in 24 hours.
STEP 3 — Start saving now
Don’t wait for the prospectus before you start putting money aside. Open a money market fund or high yield savings account and park money there every week. When the IPO window opens it won’t stay open long. The people who had cash ready will get in. Everybody else will get a sorry email.
STEP 4 — Wait for the prospectus
This is the official document that tells you everything. Share price. Minimum subscription. How to apply. Timeline. When it drops read it yourself. Don’t depend on Twitter summaries. Read the actual document.
STEP 5 — Apply early
IPOs get oversubscribed. First movers get allocated. Latecomers get refunds and regret. When the window opens move immediately. Not tomorrow. Not this weekend. Immediately.
STEP 6 — Don’t panic if you don’t get full allocation
This is normal. If the IPO is oversubscribed you might not get every share you applied for. The money for unallocated shares gets refunded to your account. Standard process. But if you never applied nothing comes back because nothing went out.
The window hasn’t opened yet. But by the time it does only two types of people will exist. Those who prepared and those who watched.
Don’t watch.
Optimism Ahead, Caution Today – What the January Consumer Data Means for You_1602026
Weekly Business and Investment Tips Program, a production of RCCG Christ Church radio with Dr. Ayodeji Ebo, an Investment Professional.
Kindly follow us on Instagram: @getfinanceandinvestmenttips for frequent investment tips.
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You can start investing with as little as ₦5,000 in the FGN Savings Bond — simply contact your stockbroker to subscribe for this month’s offer.
However, note that interest rates on FGN Savings Bonds have been trending lower, reflecting the overall decline in the fixed income market.
While the rates improved this month, it good to still compare with other safe fixed-income options before locking in funds for 2 or 3 years at the current lower yields.
@FinPlanKaluAja1
#getfinanceandinvestmenttips #investing #investment #drayodejiebo #ayodejiebo #fgnsavingsbonds
While going home on the 13th of this month, at about 10:15pm, I drove past Dantata Bridge and noticed a young lady standing there with some luggage.
Instantly, I remembered how I was robbed at that same spot in 2022. Because of that, I reversed to find out why she was standing there, and also to warn her about how dangerous that place can be at night.
When I got to her, I realised she was a lady I met in church last December during our parish Christmas carol. I asked why she was standing there at such an hour. She said she was just returning from the East.
Apparently, their bus broke down on the road, which was why they entered Abuja late. She was standing there trying to book an Uber home.
I asked which direction she was heading. Luckily for her, it was my axis, and her estate is not very far from mine. So I dropped her off at her estate gate and continued to my house.
What surprised me was that she never called or sent a message to check if I got home safely. Two weeks passed, and I concluded that she wasn’t a nice person.
Just yesterday, I went out to get lunch and I saw her. This time, I pretended I didn’t see her. She walked up to my table, greeted me, and said, “I know you’re very angry that I didn’t call you that night to check if you got home safely. I misplaced my phone that night and I don’t even know where it is.”
At that point, I was convinced she was lying because I had seen her booking an Uber that same night. So I didn’t give her a friendly look.
She noticed, but didn’t push further with the apology.
She simply gave a soft smile and said her break was over and she needed to get back to work.
Now here’s the part that just humbled me.
While on break today, I took my car to the car wash. While cleaning under the seat, the guy handed me a phone he found there.
Guess whose phone it was?
Ada, I hope this post somehow gets to you. I’m sorry for not believing you, even when you had no reason to lie. I would have brought the phone to your house, but I don’t know where exactly you stay.
If you see this, please meet me by the grotto side after 8am Mass on Sunday.
Kindly help me repost 🙏, so Ada can see this.
And there we were thinking big name was merely honouring Lumumba with his unique goal celebration style. I feel this nudge that it's more about, "dont see me, but see God!" @AkorjeromeAdams Bless you, big name!