We’ve opened up more seats to our Dangote Refinery IPO webinar.
We’re going to cover everything about the IPO including
- What you need to know about the company before investing
- How to invest
- What happens after you invest
📅 Friday, 11th September 🕓 4:00pm
Register now: https://t.co/paDjMKSyEq
Send this to anyone you know who's been asking about the IPO.
See you there. 🎉😬💚
In a difficult and dangerous world, a decade on from Brexit, there is a risk that Britain loses the confidence to lead and stand up for its values.
I’m not prepared to let that happen. It is more important than ever that Britain stands for something.
We have called for years for a two-state solution in the Middle East, but we must recognise that those words are meaningless unless we back them up with action.
For too long, we have been hesitant to act, fearful of being accused of being anti-Israel.
Today we are announcing carefully judged, targeted steps that are not aimed at the Israeli people, but at the unacceptable policies of the current Israeli government.
The suffering of the Palestinian people is a scar on the conscience of the world. Innocent Palestinians, including children, continue to be killed in Gaza. And there is still a humanitarian crisis, with far too little aid getting in.
The scale of destruction is hard to comprehend. More than 70,000 people lie dead - at least 20,000 of them children. Families and communities have been torn apart. Millions displaced. And the population of Gaza is now penned into just one third of the territory.
I know that people across the UK feel very deeply about this issue - and so do I.
Before I became Prime Minister, I said our country’s response had been too slow and simply not good enough. That’s why I committed to changing the government’s approach.
I will not stand by as the horrific suffering continues to grow and the prospect of a two-state solution - the best hope for peace and stability in the region - comes under attack.
More settlements have been approved under the four years of this Israeli government than in the previous 20 years. The UN has reported more than 1,500 incidents of settler violence so far this year, aimed at driving out Palestinians. And the situation is growing worse, fast.
The Israeli government has now approved 104 new settlements since it took office in December 2022, and ahead of the October elections in Israel, it is allowing tenders for the construction of the E1 mega settlement to go ahead. This would cut a swathe through the heart of the West Bank - snuffing out the hope of realising a two-state solution. It cannot be allowed to happen.
That’s why we are announcing a new package of tough measures to put pressure on the Israeli government:
First, we will ban the trade in goods with illegal settlements in Palestine.
Second, we have formally changed the view of the British government to say for the first time that the Israeli occupation of Palestinian territory is unlawful - independent of, but in line with, the conclusion of the international court of justice.
And third, we will sanction individuals and companies that support, facilitate or profit from illegal settlements. That includes any businesses or investors that take part in the construction of the E1 settlement.
In addition, we are announcing a new package of desperately needed humanitarian aid to Gaza.
We are taking these steps because it is the right thing to do.
I have condemned the monstrous terrorist attack on Israel on 7 October 2023 in the strongest possible terms - and continue to condemn Hamas. However, it does not justify the Israeli government’s actions in Gaza or the West Bank.
The measures we are taking are about targeting illegal settlements and increasing the pressure on the Israeli government to change course. We are not imposing sanctions on Israel as a whole, which would punish the Israeli people, many of whom disagree with their government’s position.
The Israeli people are not responsible for the actions of their government. And nor is the Jewish community in the UK. Blaming British Jews for the actions of Benjamin Netanyahu’s government is wrong, plain and simple. And it is antisemitism, plain and simple.
I met the representatives of the Jewish community just last week. I know the fear they live with day by day. My government will stop at nothing to ensure they are safe and to stamp out antisemitism in every part of our society.
The measures we are announcing today are about protecting the only solution that could see the Israeli and Palestinian people living side by side in peace and security - something that people up and down the UK desperately want to see.
The government I lead will keep working with our partners around the world to keep that hope alive.
You have heard about the Dangote Refinery IPO but how much do you really know?
We are breaking it all down in a FREE webinar.
Friday, 11th September.
4pm
Spots are limited, so register now:
https://t.co/pgE88frTB9
Apparently us Londoners have strong opinions about London transport 🚇
So I vibe-coded a tier-list app to let everyone settle the debate. Or make it worse.
Rank the lines here 👇
https://t.co/recyUD6wkV
Elizabeth line, I'm rooting for you!
FCMB’s 19-YEAR JOURNEY: WHEN LONG-TERM INVESTING FAILS TO BEAT INFLATION
BY Asalu Adegboyega Yinka
On October 16, 2007, FCMB conducted a public offer at #14 per share, seeking to raise approximately #76 billion in Tier 1 capital. The offer closed on November 13, 2007, and was reportedly oversubscribed by 223%, reflecting the extraordinary level of investor enthusiasm surrounding the Nigerian equity market at the time.
FCMB subsequently established a major resistance level of #20 on March 3, 2008. Remarkably, that price level has not been revisited to date.
The subsequent market crash was devastating. FCMB's share price declined by approximately 50%, closing around #9.66 in October 2008 as the broader Nigerian equity market entered one of its most severe downturns.
On March 3, 2008, the NGX All-Share Index reached an unprecedented 66,371.20 points before entering a prolonged collapse. By early 2009, the benchmark had shed approximately 47,000 points, representing a decline of about 70% from its peak.
The impact on investors' wealth was equally severe. Total market capitalisation contracted from approximately #13.5 trillion to #4.6 trillion, wiping out roughly 65% of the value of listed equities.
The 2007 market was characterised by intense speculative activity and retail investor euphoria, which pushed many share prices substantially above levels justified by their underlying fundamentals and asset values. FCMB was among the stocks caught up in this speculative cycle. Once sentiment reversed and panic selling set in, supply overwhelmed demand, leaving many investors trapped in positions they could no longer exit without incurring substantial losses
.
FCMB's decline continued for years. The stock eventually traded as low as #0.68 during intraday trading on March 3, 2016. From 2009 through 2026, its highest recorded price was #14.50 in February 2026, approximately 27.5%, below its 2008 all-time high of #20.
This makes FCMB an interesting case study in the distinction between nominal price appreciation and real investment returns. An investor who bought at #14 during the 2007 public offer and held the shares for almost two decades would still be below the previous nominal peak, while the purchasing power of the original investment would have been significantly eroded by inflation, currency devaluation and exchange rate volatility.
My own FCMB investment tells a very different story.
I participated in the FCMB public offer in 2024 at #7.30 per share and exited at #13.90 in 2026, generating a total return of 90.41%. More importantly, the investment delivered that return over a substantially shorter holding period, allowing the gain to comfortably outperform the effects of inflation and currency depreciation over the period.
The key lesson is that long-term investing does not automatically guarantee real wealth creation. Time alone is not an investment strategy. Investors must consider the price paid, the company's fundamentals, earnings growth, valuation, inflation, currency movements and the opportunity cost of keeping capital invested for an extended period.
FCMB's 19-year journey from #20 to #0.68 and eventually back to #14.50 demonstrates that an investor can hold a fundamentally viable company for many years and still fail to preserve or grow wealth in real terms if the entry valuation is excessive.
It is no secret. The IPO of the Dangote refinery is coming VERY soon. I am personally excited about it and about Paga offering this IPO as our first on https://t.co/FZBUImE77N
Any Nigerian, in Nigeria or abroad, can participate.
Those abroad will be able to buy via wire transfer or US ACH. A first for the Nigerian capital markets!
I think this is a generational opportunity.
This is NOT investment advice; do your own research.
👧 Last night, my 4-year-old daughter walked into my study.
I was "working" — leaving long voice memos for my AI tools, deep in a product decision.
No keyboard. No typing. Just talking... nonstop.
She watched for a while, then asked:
"Dad, what are you busy with?"
"A very patient assistant. Never gets tired of my half-finished sentences. My logic comes out all over the place — yet it always hands me back sharp advice, plus ideas I'd never have thought of."
She nodded, then said the most 2026 thing I've ever heard in my life:
"Oh. I have one of those on my iPad. I thought everyone did."
She's never learned to type. Never had to.
To her generation, talking to a computer isn't a "feature."
It's just how computers work.
We spent 20 years learning to think like machines — folders, file formats, search keywords.
They won't spend a single day. Machines finally learned to think like us.
The most magical part of my job: the future I'm building is one my daughter already lives in. Every day I use OpenAI, @Kimi_Moonshot, @ComuAI_ — building decks, recording and distilling meetings. To her, it's as ordinary as flipping a light switch. 🎙️
❌ Old way: teach kids more vocabulary, faster typing.
✅ New way: teach them to speak their ideas out loud, clearly.
Parents, honest question:
what's the most "future" thing your kid has ever said or done? 👇
@foreverveev Ish. I hired my gele artist and his content creator showed up as well 🙄 now extrapolate to every single vendor across hair, makeup, outfit 1, outfit 2, outfit 5, stylist, accessories, food (yes, even the food people come with their own content creator) etc etc
Extremely annoying
Veekee James calls out party bloggers for being unprofessional, especially after a blogger posted a video where her phone password was clearly visible.
She also said that at her baby’s dedication, she only wanted BellaNaija, but by the time they got to the venue, several uninvited bloggers were already there with their phones constantly in their faces.
She went on to say that if a blogger puts their phone directly in her face or captures her and her husband from an unpleasant angle at any future event, she will smash the phone and won’t be responsible for it.
Honestly, I understand her frustration because why expose someone’s password? At what point do party bloggers learn that not everything needs to be captured or posted? Respect people’s boundaries