Updated June 10, 2025 • 1-min read
Posted by Anonymous
Jun 9, 2025
1 answer
Posted by Anonymous - Jun 9, 2025
From what I've seen, giant companies like Dangote listing on the NGX do get everyone talking about boosting Nigeria's stock market. But honestly, it feels like the biggest wins usually go to the big-time investors and insiders. I remember when other big companies listed in the past, regular folks like me would buy some shares, hoping to cash in, but the crazy profits mostly landed with people who already had deep pockets or got in super early.
Don't get me wrong, it's still cool because when such a huge company joins, more people notice the market, and prices can go up. It tends to make things more stable and gets more companies thinking about joining too. But if you're just starting or you don't have loads of cash, you probably won't see overnight riches just because Dangote Petrochemicals showed up. It could, over time, make the market stronger and offer more chances for everyone if Nigeria's market keeps growing. That's good news for the country, but if you're expecting the listing to change your personal finances overnight, I'd say keep your hopes realistic.
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