Spontaneous007:
like this comment if you prefer being an ordinary citizen in UK

share this comment if you prefer being a rich guy in naija

shidof:
Madam fati

olowoba2:
Jarus, can tell us a bit more?Are the new company planning to expand production? Are there concerns amongst staffs of a possible retrenchment? Are the new company labour friendly? Do they process driven? What are the in house feelers?

“ We have acquired a business with great people and a strong set of exploration , appraisal , development and production assets which are expected to be highly cash flow generative for the company .”

jimyjames:
Some people from the south West always talk down on South East that South East has no mineral resources and I laugh at their ignorance, one thing they don't know is that oil was discovered in a huge commercial quantity in South East, but for fear of Biafra, federal government put those areas on a strategic reserve, 90% of South East oil hasn't been touched the oil in South East will be equal to that of niger Delta if fully explored

Jarus:



Southeast in this sense means "South East of Niger Delta", not the geopolitical South East.

The company's assets are in Akwa Ibom state which is still South South (geopolitically) but South East of Niger Delta.

That said, there are oil assets in the geopolitical South East too (eg Anambra Basin).

gaetano:


Geographically akwaibom is located in the southeast. The one we have here is political division. They are referring to it geographically

voltron14:
The oil industry isn't for the faint hearted.

Jarus:



Southeast in this sense means "South East of Niger Delta", not the geopolitical South East.

The company's assets are in Akwa Ibom state which is still South South (geopolitically) but South East of Niger Delta.

That said, there are oil assets in the geopolitical South East too (eg Anambra Basin).

banio:


The production cost per barrel for most oil firms is below $20. While they sell above $50. So they make over profit. They and the Nigerian government are just too exceptionally greedy. Otherwise 90% of oil casual workers are supposed to be staffed, with full healthcare and pension benefits.

So don't be deceived, oil companies are making it.

voltron14:


Stop pulling figures you cannot corroborate yet passing it around as fact.

fatymore:
Any idea on vocational skills to learn in a day? And can be funded with little cash as start up capital?

Thanks

ajl:
"The firm said its liquidity was severely affected by a range of external factors, including loss of material cash flow from its Strategic Alliance Agreement since February 2016 because of recurrent militant activity that resulted in the closure of Forcados export terminal , and a significant backlog of unpaid invoices relating to the supply of gas to federal and state -owned power stations."

See what Nigerians did to a Nigerian company. Now the company has been bought over by a foreigner. I guess the militants are happy now. There will be Britons to kidnap. Lazy set of people.

Edicoco:
Liquid soap production.. you can go online for various recipes in Nigeria

ajl:
"The firm said its liquidity was severely affected by a range of external factors, including loss of material cash flow from its Strategic Alliance Agreement since February 2016 because of recurrent militant activity that resulted in the closure of Forcados export terminal , and a significant backlog of unpaid invoices relating to the supply of gas to federal and state -owned power stations."

See what Nigerians did to a Nigerian company. Now the company has been bought over by a foreigner. I guess the militants are happy now. There will be Britons to kidnap. Lazy set of people.

Laren24:
As a nation all this kind of report should worry us, 'cause we need to be promoting privatization and indigenization, we can't afford all this companies founded outside the country taking over our industries here.
They can come over and start businesses but not taking over most of our indigenous company. The government needs to put in place policies, financial assistance to indigenous companies to assist them.

playboy19:
Finally, somebody has bought Kola Aluko's baby. Next is Jide Omokore. I just hope it's not one of their SPVs that's buying it in proxy.

VULCAN:
Ignorance is a disease. So there are still people in 2019 that believe every single headline that they read. Jisos!

Let me educate you. This coy belongs to kola aluko who siphoned at least a billion dollars of our money and ran away mid 2014. He is still on the run

Pls grow up and stop depending on fake headlines to discover what is happening under your nose

banio:
The production cost per barrel for most oil firms is below $20. While they sell above $50. So they make over profit. They and the Nigerian government are just too exceptionally greedy. Otherwise 90% of oil casual workers are supposed to be staffed, with full healthcare and pension benefits.

So don't be deceived, oil companies are making it.

jimyjames:


Are you aware 2 south East States Abia and IMO are part of Niger Delta? Yes it was added by president Obasanjo, including Benin and Ondo are all Niger Delta

In the 70s oil was discovered in large quantity in Anaku town and Anambra basin but was put on strategic reserves by FG the oil in both Abia and imo hasn't been explored to its full potential, the crude oil in ebonyi has even been scratched

VULCAN:
Ignorance is a disease. So there are still people in 2019 that believe every single headline that they read. Jisos!

Let me educate you. This coy belongs to kola aluko who siphoned at least a billion dollars of our money and ran away mid 2014. He is still on the run

Pls grow up and stop depending on fake headlines to discover what is happening under your nose