Dangote Industries Limited

We all know about the Nigerian Stock Exchange, but I think he'll let us know there's a lot more going on outside the Nigerian Stock Exchange.

So for those of you listening today, do you have a share? Do you have stock? Did you participate in the Dangote IPO? Have you bought any shares so far in your life? How many shares do you have to your name? Okay, and what do you think about the Nigerian stock exchange? We're taking a step back from politics.

Let's allow politicians, politics.

Our conversation today is strictly based on Nigeria's capital market, the fortunes being made, the opportunities many Nigerians may be missing, and how more people can begin to benefit.

The annual report and then the dividend and all that.

So the idea, the imagination of people has returned to older folks being involved in buying shares.

Though, with the recent IPO of Dangoten, social media, you've seen a trend.

But you're a young man, relatively.

But it's more of, um, uh, just, uh, you know, rhetorics, nothing that you can really, uh, point to that the government has done in terms of transformation of the energy sector, you know.

Uh, you can see what is happening in the petroleum sector, especially the downstream sector, where the, uh, likes of Dangote, you know, uh, have come in and, and they have transformed that sector, even if it is still, uh, at, at a price.

But let there be light, you know, even le- just like in the oil sector where today you don't have queues, you know, you don't have to queue in the petrol stations before you get fuel.

Uh, so let power be so too.

We have one of the best stock markets in the entire world just based on return.

This is even before Dangote.

before dangote private jets all over the place i think this the minister of aviation said nigeria has the largest private jet fleet in the entire africa entire africa south africa one in egypt one in algeria they are everywhere so video projects in apuja everywhere billionaire condos are just a thing now you go to nigeria there are billionaire condos on that um what's it called the the Gerald, where Mr. Tinubu lives, they're just everywhere, right? Dollar assets, dollar holders are winning.

So if you're in Nigeria and you have dollar assets, you are making money because now you have that expensive currency you can convert to naira and you can get a lot done the naira has been stable but still it's still 1300 so if you are earning in dollars you are still going to convert to naira and you are still going to be uh should we say kind of you're going to be that that liquid really right and so the stock market is up bonds are doing well in terms of yield property is booming that's what's going up and you look at the macro as well nigeria's forex reserves 50 billion and growing the gdp is growing right inflation is coming down that's what's going on in nigeria that the macroeconomic stability has happened The folks that have got money, that have got dollars, are making money, right? But let's look at the downsides.

Of course, when you convert to dollars, you might have the dollar differential, right? Exchange rate risk.

But still, 60%, 65% when you invest in a stock market, it's not something you can sneeze at.

But the rally is being driven by just a few companies, Dangote Cement, Banks and the MTN.

So the point is this, if you are in Nigeria and you have the funds to invest and you are in the stock market, you are making money.

One day, we were gisting on the phone, just normal gist.

So, I mentioned that Dangote shares, the IPO, yeah, were trending and everyone was talking about them.

And I said, me too, when my salary enters, listen, when my salary enters, I will buy a little so that I can claim ownership of some of the Dangote trucks around my area.

Guys, I was clearly joking.

I was clearly joking that day when I said it.

Everyone joked about it at some point.

Who didn't joke about Dangote's IPO when he first came out? Come on.

That was the conversation.

That is the best brands across the continent.

What will it take to have the best Dangote?

What

will it take to have the next Ethiopian Airlines? What will it take to have the next Mbesa? So we've got pockets of excellence.

There's no, that doesn't make any sense.

Dangote is a Nigerian company because of, when Dangote was built, yes, he suffered and it's a private, I don't, I respect Dangote a lot.

I'm not against people that are anti-Dangote.

But you can criticize him.

There are things that they talk about.

Dangote built a company in Nigeria in a tax, in a free trade zone.

There's no tax, that means there's no tax.

Yeah, there's no tax.