I’m just trying to show you another way to look at the market, as a place you can build capital for big life goals like buying a house or starting a business.
If the market is doing well (bullish), as it has in the past 2–3 years, your investment can grow quickly and may even double within your 3 years target.
At the end of the day, the goal should be to protect Nigerians without hurting Nigeria. We can take a firm stance without making decisions that weaken the economy. Not every situation calls for an economic reaction, and not every emotional response leads to the right outcome.
Let's be clear: if you nationalise MTNN, all Nigerian investors will lose their investments.
To be clear, nationalisation is the process of transforming privately owned assets into public assets by bringing them under the ownership or control of the government. This means the state takes over the share capital, effectively replacing private shareholders (investors, individuals, or other companies) with the government as the primary owner.
Nationalising will attract a major international lawsuit from MTN. It will also cut off any FPI and FDI flowing into Nigeria. Do you think Nigerians and the diaspora will continue to buy Federal bonds and shares that have a judgement debt or litigation hanging over them?
Nigeria is slowly re-entering frontier markets; now is not the time to mention nationalisation, especially by a Union member.
What happened to Ajaokuta when the FGN arbitrarily sacked the Indians? What is happening at the Mambilla Dam project? What nearly happened in P&ID? Haven’t we learned that “saner climes” have the rule of law?
Has anyone called for nationalising Western oil companies that have caused deaths in Nigeria through environmental pollution?
If the only solution is to nationalise, then that is a failure of strategic response.
Go after Cyril directly; make him pay. MTNN is a publicly quoted company; its shares are held by offshore institutional investors and even Nigerian PFAs.
Not everything is just talk. Economics is not emotional.
Interesting that the valuation is not anchored to size, but to what the refinery changes i.e. import dependence, FX pressure, and regional fuel supply.
Aliko Dangote, Africa’s richest person, is targeting a valuation of $50 billion for Dangote Petroleum Refinery & Petrochemicals FZE ahead of a planned stock market listing later this year, according to people familiar with the matter.
The refinery company could sell up to a 10 percent stake through the Nigerian listing, implying a potential offering size of about $5 billion, the sources quoted by Bloomberg said...
Read more: https://t.co/dZPnbkdbS8
Our Integrated Annual Report for 2025 is now live! The Report reflects a defining year of growth, transformation and delivery at scale.
Alongside key milestones across our onshore operations, 2025 marked the successful completion of the MPNU acquisition -the largest transaction in our history, significantly expanding our scale, strengthening our offshore portfolio and positioning us for long-term growth.