Prof.

Creative Economy and Tech Lawyer. Extra-social introvert. Writer. Football Connoisseur: @chaosnctrl. Finance Bro ọsan gangan.

[Prof. @VOdulate]

The first time was so nice, we had to do it twice.

1991. 2025.

[Prof. @VOdulate]

@dreal_cupid @NealGardner_ @Bakareenoch2 You're already learning.
Bro should wrap it up already

[DR AFO @Dr_Afo]

This right here is the problem of Nigerians.
We adapt to anything at blistering speeds.
Gas is expensive, ditch it and start using charcoal.
Sachet water is expensive, ditch it and start drinking well.
They are kidnapping in the rural areas, ditch it and move to urban arrears.
Fuel is too expensive, pack car at home and take public transport.
Foreign rice is too expensive, ditch it and buy cheap local and stony ones instead.
They kidnap and kill one child, hold the remaining ones tight and keep praying.
We don't have a limit to our ability to suffer.
We are the most useless and gullible citizens on the planet.

[Martins luther not the king @MartinsAdedayo2]

My deepest apologies for this unforeseen interrogation, but are you currently affiliated with a carbon-based life form of the masculine variety whose anatomical inventory includes a pendulous reproductive instrument? Should such an entity be absent, may I have the honour of disturbing your notifications from time to time? 😭

[Prof. @VOdulate]

- PSG fan.

[𝐏𝐒𝐆𝐈𝐍𝐓 @PSGINT_]

FUCK FYCK FUCK THE PREMIER LEAGUE

Sage finished second with RC Lens, won the Coupe De France and qualified for the Champions Legaue

and now he is joining a midtable club in Europa League

Premier League has DESTROYED Football with its money

[Prof. @VOdulate]

@OsemudiamenOG #Observing

[Prof. @VOdulate]

@Culernary I (and people like me) will have him back in a heartbeat. It's a different section of the fan base...

[Prof. @VOdulate]

@Bakareenoch2 Good.
No change mouth o.

[Prof. @VOdulate]

Hi, @Bakareenoch2

[bacty @bacty123]

S24 ultra or 15 pro

[Prof. @VOdulate]

@MartinsAdedayo2 😂😂

[Prof. @VOdulate]

People that follow me will know what I saw at first.

[Moe @Mochievous]

Welcome to Mexico!

[akin🇪🇸 @the_akinola]

some of you don’t know how much nigerian women love yahoo boys

[Prof. @VOdulate]

Very foolish talk.
Like don't you watch football?

[Ghost St Patrick @_kayode__]

“I don’t understand why a Man U fan supports Messi” 🤣🤣🤣

[Prof. @VOdulate]

Going through the quotes and smiling all through.
He's still the best in the world.

[Λ 🇵🇸 @TotalLM10i]

Lionel Messi Vs Iceland

Ready for the World Cup.

[The Stat Guy @The_Stat_Guy_10]

What fascinates me most about Messi’s longevity is that he didn’t fight aging.

While football became faster and more physical, Messi became slower and smarter.

The older he gets, the more it feels like he’s playing a different sport from everyone else.

For context messi spent 20 mins today walking the game…

[Prof. @VOdulate]

Whenever you wake up is your morning, welcome to the realization. 😂😂

[Fola #EDDIEHOWEOUT @manlikefola_]

This one don even run mad, me I no dey hate watch again o, no be me you go kee. Anything you wan do make you do.

[Wolf of NGX @ngx_wolf]

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. 🐺

[Martins luther not the king @MartinsAdedayo2]

Audiomack gave me trauma

[Wolf of NGX @ngx_wolf]

Your help is much appreciated. 🙏🏾

[Wolf of NGX @ngx_wolf]

Meet the new CEO of Seplat Energy, Effiong Okon.

Over 10 years of experience with Shell, and over 8 years with Seplat.

He knows the oil and gas industry.