Don’t sell your house to buy Dangote shares, Sanusi warns
Emir of Kano, Muhammadu Sanusi II, has advised Nigerians interested in buying shares in the Dangote Petroleum Refinery not to risk essential family needs. Sanusi gave the advice in Kano during the roadshow for the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE. The former governor of the Central Bank of Nigeria (CBN) […]
Emir of Kano, Muhammadu Sanusi II, has cautioned Nigerians against selling their homes or using money set aside for their children's education to invest in Dangote Petroleum Refinery shares. Speaking during a roadshow for the company's initial public offering, the former Central Bank of Nigeria governor urged prospective investors to only invest what they can afford to keep untouched for some time.
Sanusi advised starting with modest amounts rather than committing funds that could not be lost or locked away. He emphasized viewing the share purchase as a long-term investment and cautioned against expecting quick profits. Sanusi urged investors to consider companies with strong economic fundamentals and tangible assets, and encouraged Kano residents to become shareholders in the refinery.
He likened Dangote to their "son" and emphasized the city's history of producing successful entrepreneurs.
Written by urgent.news from Daily Trust's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
