“Nigerians are telling me to slow down, because everything in their feeezer is freezing. And I tell them that’s the work or a freezer. Places that didn’t have light at all for 3-months are now having 18 hours of light.”
— Joseph Tegbe, Minister of Power
Babalagege spoke about the hypocrisy of the Saudi government and its support for the Zionist regime despite the suffering of Muslims. He also emphasized that the Saudi government does not represent the Muslim world.Baba was right !
May Allah grant baba long life.
🚨 ₦50 MILLION WON’T SAVE YOU FROM THIS DANGOTE REFINERY IPO MISTAKE.
You can have the money.
But if you enter the wrong number of shares, your application can run into problems.
Here’s the rule: Dangote Refinery IPO = ₦525/share
Minimum = 10 shares
After that = multiples of 10.
✅ 10 shares = ₦5,250
✅ 100 shares = ₦52,500
�� 1,000 shares = ₦525,000
❌ 15 shares
❌ 25 shares
❌ 1,905 shares
For example, with ₦1 million:
₦1,000,000 ÷ ₦525 = 1,904.76 shares.
Don't enter 1,905.
Instead: 1,900 shares = ₦997,500
Even with ₦50 million: 95,230 shares = ₦49,995,750
95,240 shares = ₦50,001,000
The lesson?
DON'T JUST CALCULATE YOUR MONEY.
CALCULATE YOUR SHARES.
And remember, applying for 10,000 shares does not guarantee you will receive 10,000 if the offer is oversubscribed.
The offer runs from 14 September to 13 October 2026.
Save this before you apply.
Before You Invest in the Dangote Refinery IPO, Let History Speak First.
Not every IPO on the NGX made investors money. Some destroyed wealth.
But the ones that did work? They followed a pattern.
This thread shows you that pattern using five real NGX listings. Study it before the Dangote subscription window opens.
SEPLAT IPO: FROM #576 TO #13,552-THE LESSON FOR DANGOTE IPO INVESTORS
BY Asalu Adegboyega Yinka
Seplat was listed on the Nigerian Stock Exchange through an Initial Public Offering at #576 per share in April 2014. The stock gained significant momentum immediately after listing, rising to about #700 within its first three trading sessions.
However, the rally was short-lived. By December 2014, Seplat’s share price had fallen from #576 to approximately #252, as the global collapse in crude oil prices was compounded by local operational disruptions and a deterioration in the company’s financial performance.
The pressure intensified in 2015 and early 2016 as the global oil glut pushed Brent crude to a 12-year low, briefly falling below $28 per barrel. The sharp decline in oil prices had a significant impact on Seplat’s earnings, with revenue falling by more than 55%.
By January 2016, Seplat’s share price had declined to as low as #151.70. The company moved from being highly profitable at the time of its IPO to recording an operating loss of more than #45 billion.
Earnings per share turned negative, the balance sheet weakened significantly, and shareholders’ funds became negative. The deterioration in the company’s fundamentals also affected its ability to pay dividends, forcing investors to reprice the stock substantially lower.
Fast-forward to 2026, and the story looks dramatically different.
Seplat, which traded as low as #151.70 in January 2016, is now trading around #13,552.60 on the NGX Custom Street, representing a year-to-date return of approximately 133.30%, after opening the year at #5,610 in January 2026.
The Seplat experience offers an important lesson for investors considering the upcoming Dangote IPO.
A fundamentally strong company can experience significant price declines after an IPO because of changes in commodity prices, macroeconomic conditions, operational challenges, earnings, investor sentiment and valuation.
Therefore, before selling fundamentally sound stocks in your portfolio simply to raise money for the Dangote IPO, think twice.
An IPO is not guaranteed to rise after listing. The share price can move significantly upward or downward depending on market conditions, valuation, earnings and investor sentiment.
If you cannot comfortably leave your money invested in the stock market for at least one year, you should think carefully before subscribing to the Dangote IPO.
The Dangote IPO should be approached with a long-term investment mindset rather than the expectation of making a quick trading profit.
Seplat’s journey from #151.70 to #13,552.60 is a powerful reminder that short-term price movements do not always reflect the long-term value creation of a fundamentally sound company.
Time taken to reach a $1 trillion market cap:
Bitcoin: 12 years
Meta: 17 years
Tesla: 18 years
Google: 21 years
Amazon: 24 years
Nvidia: 30 years
Apple: 42 years
Microsoft: 44 years
JUST IN: Michael Saylor's 'Strategy' Bitcoin investment is currently at a $4,930,000,000 unrealized gain.
$MSTR gains since the company began its BTC investment in 2020: