Don’t sell your house to buy Dangote shares, Emir Sanusi tells investors

The Emir of Kano, Muhammadu Sanusi II, has cautioned prospective investors against using their children's school fees or selling their homes to invest in shares, particularly in the Dangote Refinery Initial Public Offering (IPO). Speaking at the investor roadshow in Kano, Sanusi urged residents and other prospective investors to invest only money they could afford to set aside for some time, suggesting amounts like N10,000, N20,000, or N30,000.

He emphasized the importance of a long-term approach, urging investors to set aside funds and leave them untouched for growth over time, rather than expecting quick profits. Sanusi also highlighted that the location of the refinery does not matter, as it is the shareholders who own the company and reap its profits.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.