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'This is our company': Nigerians show off oil wealth after share-buying frenzy

At least that is what the social media memes would have you believe as investor fever hits the country. Nigerians have been eager to have a piece of the energy business that was built up by the counโ€ฆ

'This is our company': Nigerians show off oil wealth after share-buying frenzy
BBC World News โ€” 17 September 2026
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At least that is what the social media memes would have you believe as investor fever hits the country.

Nigerians have been eager to have a piece of the energy business that was built up by the country's รขย€ย“ and continent's รขย€ย“ richest man: Aliko Dangote.

More than four billion shares in his giant oil refinery รขย€ย“ representing just over 3% of the company - went on the market on Monday in Africa's biggest-ever sale of its kind.

The minimum purchase was 10 shares for about $4 (ร‚ยฃ3) and despite this only representing a miniscule portion of the firm, many are now celebrating and joking about their new-found (part-)owner status.

One popular social media video has a Nigerian narrating how he stopped a speeding Dangote company lorry driver, telling him not to be reckless with company property.

Other memes show investors trying to phone up Dangote to discuss business matters.

And the term "Yangote" รขย€ย“ a pun in the Hausa language essentially meaning "we all have a share now" - has been trending on social media.

On the first day of the Initial Public Offering (IPO), investment apps crashed as they could not handle the high demand.

Read Full Story at BBC World News โ†’
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โ€” BBC World News
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