zae

Politically incorrect PanAfrican. SMB acquisition newbie

[zae @zae33884656]

El Rufai is now the head of Muslims in Nigeria. Going by this logic the following people have turned their backs on Muslims of Nigeria by virtue of their fight with Elrufai:
Tinubu
Uba Sani
NSA Ribadu

This broda used to be intelligent fa. What happened to him?

[Peacock @dawisu]

I am 100% with the El-Rufai family on this. The Defence Minister has truly shown his colours. What makes it even more disappointing is that El-Rufai stood firmly by him when it mattered, only for him to turn around and betray him, and by extension, the Muslims of Kaduna & Nig.

[Ndi Kato (Ungwan Masara's finest) @YarKafanchan]

Expecting Christopher Musa to not stand in solidarity with his people because the aggressor likes him is very funny o.

No matter how good a Southern Kaduna man is, some of you will never stand by him to attain certain heights in Kaduna. That is the solidarity you have for your own tribe and religion

But there is a certain expectation for people you consider less than you.

"Oh I showed you some love in the midst of what I put your people through. Alienate yourself from them and stand with me".

Na so!

[zae @zae33884656]

@alpontif Nigeria is a terribly oppressive society. Everyone dreams of when they will have small power so they can press other people's neck.

Vestiges of prolonged military rule are everywhere arround us.

[Ndi Kato (Ungwan Masara's finest) @YarKafanchan]

We hear you Oga Christopher Musa. But what about the communities now run by terrorists in Southern Kaduna? Do you have any solutions or winning strategies for that?
You have become more political than functional and for a man who just left the military less than a year ago, this is concerning.

[zae @zae33884656]

@ese_Lefe Abi oh

[Oby Ezekwesili @obyezeks]

Somebody you know should be in politics and is not. The honest one. The competent one. The one who keeps saying the country deserves better and means it. That person will probably never nominate themselves. So do it for them.
Go to https://t.co/lTTPZXpwlx and nominate! ✍🏾✍🏾✍🏾

[zae @zae33884656]

Hausa day has not been an event that Buhari, a fulani, bothered to recognize let alone felicitate throughout his 8yrs.
By this message, Tinubu is sending a subliminal message that hausa-fulani is a contestable conjecture.
My Observation: There is another Evian inside this Evian.

[Sissoko Sora Damba @DelphineSankara]

🔴L’Arabie Saoudite🇸🇦 va investir 6 milliards d’euros en France🇫🇷 et créer 22 000 emplois.

Chers Africains, vous voyez ? Lorsque ces partenaires viennent chez vous pour construire des mosquées ou des églises, parlez également des emplois et des opportunités pour les jeunes.
1/2

[zae @zae33884656]

Hausa day has not been an event that Buhari, a fulani, bothered to recognize let alone felicitate throughout his 8yrs.
By this message, Tinubu is sending a subliminal message that hausa-fulani is a contestable conjecture.
My Observation: There is another Evian inside this Evian.

[Bola Ahmed Tinubu @officialABAT]

The Hausa people are great pillars that play a vital role in the unity and progress of Nigeria.
The Hausa language, without doubt, has flourished and has become a major language of unity and commerce across the world.

I congratulate the vast Hausa community on the occasion of Hausa Day, which is being celebrated at the historic Daura Palace today.

Bola Ahmed Tinubu
President

[zae @zae33884656]

Frank Omenka is alive, he granted his first interview in over 30yrs.

Very interesting man indeed.

[zae @zae33884656]

@Saifthesage Yes. I just saw him on YouTube. His first interview in over 30yrs

[-ASAD👳‍♂️ @princekally001]

As an African, notice the pattern:

You need regional railways & cargo ports, more than Airports.

You need local pharmaceutical plants, not donated, short-dated medicines.

You need interconnected regional power grids not isolated diesel generators.

You need debt cancellation & sovereign credit, not IMF loans.

You need African-led fertilizer factories, not foreign agribusiness land grabs.

You need continental military & intelligence cooperation, not foreign military bases.

You need a unified African digital currency/payment system, not the US Dollar for intra-African trade.

You need textile mills and garment factories, not second-hand clothes and fashion imports.

You don't need another donor; you need institutions that generate wealth.

You don't need foreign intervention in your politics, you just need to be left alone.

you're not incapable of governing yourself, you just haven't been given the chance 🧏‍♂️

add yours 👇

[zae @zae33884656]

God please give me understanding goons like this in my life

[Rhapsody @Rhapxodyy]

"Is it Asake you called like that, Asake is big, he has pride and and a lot of his friends are complaining he doesn't reply them anymore. He has neglected us his friends and first supporter from day one, he's now chilling with people out of our level."

— Yemi Elesho

[zae @zae33884656]

Omo!!!

[THISDAY LIVE @THISDAYLIVE]

Yari Personally Settles Geregu’s Outstanding Bond Obligation. Chairman of Geregu Power Plc, Senator Abdul’aziz Abubakar Yari, has personally provided the funds required to settle the company’s outstanding bond obligation, following the recent default... https://t.co/nDzIZskre8

[zae @zae33884656]

Oga @OfficialCGMusa what is happening with the military pension?
This shouldn't even be a topic for discussion. A soldier owed is an insult to the country & unnecessary exposure of our national security.
It is embarrassingto see retired men protesting on the streets of Abuja.

[zae @zae33884656]

Haha. This is a sniper shot

[SizZzle. 😎🇳🇬 @n6oflife6]

@YusufTahirAdamu @NWali_X The people that mismanaged Lagos drainage for almost 3 decades are Now in AsoRock. No worry yourself. This is just the beginning.

Vote Wisely 2027. 💝✌🏽🇳🇬

[zae @zae33884656]

Bro relax. A refinery like dangote makes average of $1Bn in annual PROFIT. The Iran war may push profits to $2Bn this year.
A $4Bn debt is small actually. At an IPO valuation of 50bn, selling 20% of his shares will raise $10bn and the debt can be paid off instantly if he wants.

[Slim @onu_slim]

So Dangote is telling me he's still figuring out the Lagos refinery IPO, hasn't even opened it for subscription yet, and now he wants to go build a whole new refinery in Kenya. As how na?

The Lagos refinery still carries $3.65 billion in debt. Not paid off. Just restructured, again, in March 2026, into a fresh $4 billion syndicated loan from 31 lenders, Afreximbank taking the biggest single share at $2.5 billion. The repayment plan itself, in their own words, depends on operating cash flow covering it by 2027, alongside "potential asset sales”,including possibly selling down stakes in Dangote Cement to service refinery debt. Omo, that sentence alone should worry every prospective IPO investor. They're telling you the plan to pay back existing debt might involve selling off a completely different profitable business.

Now, at the same time, this same company is walking into Kenya with a proposed 700,000 barrels per day refinery, priced between $15.5 billion and $17 billion, financed through a 30:70 equity-to-debt structure. That means roughly 70% of a new $17 billion project is expected to come from fresh borrowing.

Go back and read what I just said. While one refinery is still restructuring $3.65 billion in debt and hasn't listed a single share to the public yet, the plan is to take on new debt for a second refinery in a different country entirely.

This is my actual fear, and I'll say it plainly. I don't see this company paying meaningful dividends to Lagos refinery shareholders anytime soon. This isn’t because the business isn't real, it clearly is, but because every free cash flow conversation happening right now is about debt service, restructuring, and now potentially funding a second multi-billion dollar refinery on top of it. Dividends come after debt obligations are met. When debt keeps getting refreshed instead of retired, and new debt-funded projects keep appearing before the first one is fully proven out to public shareholders, that dividend timeline keeps sliding further away.

And there's a structural pattern worth naming here. Kenya is contributing seed capital, roughly Ksh21.5 billion, and has formed a government committee to fast-track this. Kenya wants this refinery badly enough to co-invest. That tells you something about the deal Dangote is negotiating on the Kenya side, probably favourable terms, government backing, reduced risk on his end. Meanwhile, Nigerian retail investors are being asked to buy into a $40 to $50 billion valuation on the Lagos asset, on debt that's still being juggled, before a single dividend has landed in anyone's account.

I'm not saying don't be excited about African industrial expansion. I'm saying ask the obvious question before you commit your naira. If the first refinery's debt isn't retired and dividends aren't flowing yet, why is the balance sheet already stretching toward a second one?

Wait for the prospectus. Read the actual debt servicing numbers. Don't let the Kenya headline distract you from the Lagos math that still hasn't fully resolved.

[zae @zae33884656]

Your girls are about to see a different kind of toasting and promiscuity. Shine ya eyes.

[PATRIOTIC SOJA ($TSIR-MUNCHAN) @Pressman2040]

🎥VIDEO: Army Battalion Arrives In Omu-Aran, Kwara State As Community Welcomes Stronger Security Presence.

The people of Omu-Aran have welcomed the deployment of a new Nigerian Army Battalion to the community, describing the development as a major milestone in efforts to strengthen security, peace and development across the area.

[zae @zae33884656]

@AnthonyOkena @iamwalebanks If you look at all Tier 1 banking stocks, Access is the only one yet to reprice. AIG said the regulatory issue will be resolved this year so that dividends can start flowing again. If you believe in AIG and the banks ability to execute, then there is surely hope. Else, keep off.

[zae @zae33884656]

@tunngy Helped my friend get a lecturing job at a private university. He said he prefers me to dash him 3million naira so he can start selling okrika suits. This guy has an MSc oh.

I just forgot about him since then.