₦airaland Forum

Welcome, Guest: Join Nairaland / Login / Trending / Recent / New
Stats: 1,420,333 members, 2,293,962 topics. Date: Friday, 28 August 2015 at 01:14 AM

Recent Posts (7)

Nairaland Forum / Recent Posts

(0) (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (of 20 pages)

Politics / Re: Buhari Declares War On Igbos, Stops Construction Of Second Niger Bridge by Duru1(m): 12:50am
dododawa1:
(1)Did IGBO people voted for him,(2) please IGBO let wait for BUHARI to recover the (stolen money)under your man (jonathan),i promise you IGBO that he will continue.

Are you a dumbass fool? How does the bridge across River Niger belong to Ndiigbo. Most Nigerians are intellectually bankrupted.
Education / Re: Unilorin Utme 2015/2016 Aspirants by Yungmilio2(m): 12:50am
MzLarem:
Hmm..ionno bt it seems 2 me,u're talking frm experience
not really
Romance / Re: is he flirting with me or what? Weired by IamLEGEND1: 12:50am
Gurgle:


Lol no pity angry angry

Youre forgiven, I don't blame you- you no even get manners in the first place


good morning, yes I have, thank you. and yourself?


True that.@bolded.

on the dark side we dont really give a fûck.besides,i see you are gradually sliding towards our direction.....

verily i say unto thee,you will soon be one of us.

and badt man has been more dan awesome,diz fulani chicks sure do know how to swerve it.
Nairaland / General / Re: Buharis Impartial Appointments Again SGF, Chief Of Staff, Others To North by ebubemicky(m): 12:49am
I swear na northerns go use there hands divided this country. For them they are having fun 4geting that other regions are watching nd will feel cheated in a country that we all own. Nigeria is not for the northerns alone
Politics / Buhari Approves 65 Licences For Private Refineries by honeywealth75(m): 12:49am
President Muhammadu Buhari has granted licences to 65 Nigerian companies to construct modular refineries.
The companies were selected from about 285 applications that were screened for the purpose.
Modular refineries are mini-refineries with capacities ranging from 1,000 to 10,000 barrels per day, bpd, which can be assembled and separated easily for enhanced performance and efficiency.
President Muhammadu Buhari
The decision to award Licence to Establish, LTE, which was taken within 10 days of his assuming office in June, may not be unconnected with his desire to see the increase in domestic refining capacity to meet local demand, thereby reducing huge import bills for subsidy.
Although the Department of Petroleum Resources, DPR, the industry regulator, feigned ignorance of the development, one of the beneficiary companies confirmed to Vanguard that the measure is also meant to cushion the impact of crashing oil prices at the international market.
The shock is not only in the period the approvals were given, but also in the numbers granted considering the fact that 18 LTEs were granted in 2002, but only one of them had come on stream with just 1,000 barrels per day, bpd, capacity.
The refinery is operated by Niger Delta Petroleum Resources, NDPR, which produces only automotive gas oil, AGO, popularly called diesel.
How approvals were granted
Chief Executive officer of the beneficiary company, who spoke in confidence, said the number was not unilateral, but “the mop up of all applications for private refining since 2007.”
He admitted that the process took a period of six months, dating back to former President, Goodluck Jonathan’s administration, adding “the process was rigorous as they looked at many issues including, land, investment, technical competence, design and a host of many others.”
He added that licences were offered on a two-year tenure, after which it will elapse, and that “the beauty of these awards is that there was no lobbying, as the whole exercise followed due process.”
In his opinion, there is nothing wrong with the high number of awardees, arguing that “for a country like Nigeria, the more in-country capacity, the better for us, because in a falling oil price regime, the more you refine, the more value you add and the more revenue you earn from your crude.”
DPR guidelines
A top management staff of DPR, when contacted, simply told Vanguard on telephone: “I am not aware of any such huge approval.”
When prodded further, he added: “What I know is that DPR recently released guidelines for the establishment of refineries, and we had road shows in Lagos, Port Harcourt and Abuja, to sensitise investors.”
Ordinarily, there are three levels of approval for setting up private greenfield (new) or modular refineries in the country.
They are Approval to Establish, LTE; Approval to Construct, ATC, and Licence to Operate, LTO.
An investor must overcome the requirements in each level of approval before proceeding to the next, as shown in the guidelines.
DPR had explained that the guidelines for the establishment of modular refineries in Nigeria was configured with the aim of shortening the approval time for licensing of refineries.
To woo investors to the project, DPR also reduced the licensing fee for new refineries from $1 million to $50,000. Government is desirous of refining at least 50 percent of its crude output in-country, not only to reduce import dependence, but also be an exporter of refined petroleum products.
Challenges
Also confirming the development, a petroleum expert from the Emerald Energy Institute, University of Port Harcourt, Profesor Chijioke Nwaozuzu, said he was more concerned with the challenges for establishing such refineries.
According to him, such challenges are tied to political, land, funding, crude feedstock and market availability.
He said: “These refineries are going to be located mainly in the Niger Delta, and the state governments may want to get involved because it is a high revenue earner, which grants only 28 days credit cycle.
“Also, refinery requires huge land, and there may be issues with acquisition from the land owners and to cap it all, refinery of any capacity requires huge capital. You need at least $30,000 per barrel, which is a huge sum even for a 1,000kbpd refinery.”
Feedstock… as in power sector
Furthermore, he noted that if Federal Government does not guarantee feedstock for those who complete the approval cycle, Nigeria may have a repeat of what happened with the initial 18 licences granted in the past.
Nwaozuzu, urged government to guarantee feedstock to the refineries, as it is doing with the existing 445,000 combined capacity four refineries, in addition to also guaranteeing the off-take of the products for the local market.

http://www.vanguardngr.com/2015/08/buhari-approves-65-licences-for-private-refineries/?utm_source=&utm_medium=twitter
Fashion / Re: Cheap And Quality Ankara Fabrics For Aso Ebi,boutique Owners,nd Wholesalers by 5tss(f): 12:49am
Another one

Religion / Re: Was Hitler A Christian? by Ubenedictus(m): 12:49am
OLAADEGBU:


What Jesus was saying there is if someone has repented from sin and is trusting in Jesus Christ alone for his salvation, every believer (not your priests), has been given the authority to inform him/her that their sin is forgiven, what we call assurance of salvation, based on their professed faith in Jesus Christ the Saviour.
that is NOT what Jesus said!

Go back and get ur bible! He said,

"recieve the Holyspirit, whosoever sins you forgive are forgiven, whosoever sins you retain are retain" very simple do not try to change it.
Romance / Re: When She Says No by Boyooosa: 12:49am
EroticAngelina:
so girls are too desperate go say no to a marriage proposal dat when they say no, it bkums a huge deal? undecided

I seriously dnt know wat guys want!!??! when a girl is urging them into marriage, they say we too desperate! when we nt ready to marry them or tell them no, they say we too proud! wat do u guys want from us??!?
Our joy is inside u grin
Politics / Re: Biafra An Online Country by WailingWailer00(m): 12:49am
My only anger is how the matter affects the glory and blessings of the OP, yellowbar demons, what do you want from the igbos? It's only when you guys are online you open your ewedu mouth to spew trash, when it's physical una go run just like cowards that your fathers are
Politics / Re: Finally, Buhari Rewards Hon. Suleiman A. Kawu With Appointment.. Profile Inside by agabaI23(m): 12:49am
I like

Mr Kcow
Business / Re: Shoprite In Amuwo Odofin, Lagos Patronised By Many People (photos) by EbolaParasite: 12:49am
Dharniel:


first of all, lemme remind you that walmart is the largest supermart in the world, having said that, the case of china can't and shouldn't be compared with nigeria. walmart have the money to invest and lay down something bigger than shoprite and i'm so sure they would be able to sell at prices lower than shoprite's. what most most (if not all) nigerians are concerned about is the principle of managerial concept i.e buy more and pay less.
my point is that walmart would beat shoprite in the area of price and that's what most nigerians want to know...

Firstly, i shop at walmart every other day so i am well familiar with the low prices. I used china as an example so you would understand what happens when they enter a new territory with a different culture and mentality. Why do you think it took walmart so long to enter naija? It is not about the low prices. IT IS ABOUT THE ITEMS THEY DELL AT THOSE LOW PRICES. Read the walmart experience in China and you will understand better. Shoprite is ahead of them when it comes to Nigeria. Nigeria is virgin territory for walmart and you cant compare doing business in Nigeria with other places. Time will tell. Let them enter and see what happens

By the way, why didnt KFC overtake the najor eateries we have in Nigeria? Aren't they bigger than the local ones in Nigeria? Did anybody teach them before they started selling jollof?
Phones / Re: Photos: A Former Apple CEO Just Launched Two New Android Phones by Kizyte(m): 12:49am
@Op, did you say Obi?
Properties / Re: Off-topic Thread - To Discuss Anything And Everything (Building Constructions) by mufutau55(m): 12:48am
KolaShangOne:
Talking about overbuilding or imposing so much weight on foundations, I talked about the use of clay pots in my other thread and wanted Hajj Mufutau to volunteer his project for a residential test-run but FEAR FACTOR and Hajj pulled out.

I wasn't that scared o. If it could save me money on the decking and save I would have gone for it.
But Abdulwastecx whom I trust to do it is very busy in East and North to come to Lagos, and I don't know anyone else I could trust or anyone that ever even mentioned that "clay ribbed slab" to me. Also as a poor man, taking risk with new implementation without engaging a good professional is not easy, it's costly to fix anything than to construct it. Those are my dilemma. The decking is still not done yet anyway.

Hajji M.
Romance / Re: is he flirting with me or what? Weired by IneedASUGARMUMMY: 12:48am
Just imagine how they turned this place to a chat room.
Education / Re: Unilag Foundation Programme 2015/2016 Thread(Form closes August 21) by damselsupo: 12:48am
Pls who used the online practice test here?
Food / Re: Man Finds Dead Rat In Grilled Full Chicken He Purchased...(pics) by 4everisaac(m): 12:48am
coolhamid:
Proudly Vegetarian...

Loving my vegan lifestyle..

Do we still have vegetarians? Meat is 'affordable' these days.
Romance / Re: How Does One Politely Turn Down A Crush From A Female ? by Starships4u(m): 12:48am
BarcaBlood:


Lmao! Orobo no be human being? Na like I just no like her, no be size matter
owkay
Romance / Re: Enter Here And Get 1gb Free Airtel Users Working In All Sim by trendsng: 12:48am
Thanks

Politics / Re: If Presidential Election Is To Be Re-conducted Today Will You Still Vote PMB? by otr1(m): 12:48am
...yes...over and over again.

1 Like

Fashion / Cheap And Quality Ankara Fabrics For Aso Ebi,boutique Owners,nd Wholesalers by 5tss(f): 12:48am
It's a non fading ankara fabric direct from Ghana not the Chinese ones that are everywhere o.its sold for 4k to 4500 some people even sell for 5k.it depends on ur area nd who u sell to determines how much u want to sell ur own but I will b selling mine for 2900 for u to resell nd also for people that needs aso ebi 4 parties So, I will b posting some unique designs for u to see,u tell me d one u want then we take it from there.serious buyers pls. NOTE:the reason why I said it's for wholesalers is because of the price.Am making a very little gain from each fabric so it pays if u buy in quantity not a piece.Am sorry biko thanks So let's get started Watsapp 08063238801 email:tmmpearls@gmail.com

Investment / Make millions on NSE from following weekly StearsReport by stears: 12:48am
Stears is a news and financial data company which provides insight and opinion on Nigerian business, economic and financial news, including data and analysis - www.stearsng.com/reports

Stears offers for free a weekly market report on economic, business and finance activities in the country and is interested in finding interested readers and writers. We work for free.

Any business, economic or finance related Nigerian topic can be addressed and analysed by Stears. It is an improvement on the current state of Nigerian newspapers
Business / Re: MERRYBET Football(+ Other Sports) Betting Season 9 by coolest01(m): 12:48am
A "triple" system bet rocks.
If your can produce 4 probable events of odds between 1.2-1.30, u'll succeed.
Cos even if u lose one event, u get about half of your Stake back
GOODLUCK!!!
Travel / Re: Travelling To Canada Part 9 by Howoheye(m): 12:48am
TheBae:
Read Part 8 to see victims of denial after medicals.

SMH
Culture / Re: Hilarious "ISHAN" Adage And Their Meanings by osazeeblue01(m): 12:48am
[quote author=bilulu post=37406735]
u re wrong...... its not d spelling but d pronunciation...... d op is correct[/quote ESANGBEDO
Agriculture / Re: Picture: My Layers Chickens Lay Eggs With Two Yolks.. by Adeoba10(m): 12:48am
One of d abnormalities in poultry... Such egg cant hatch to produce DOC,...
Romance / Re: Ladies, Here Is What You Should Do If Your Man Refuses To Propose by fajani(m): 12:48am
ladyF:
shocked the laugh was really disrespectful....be with someone that wants to be with you as much as u want to be with him/her....else carry ur load and move on. Life is too short.
IT IS LADY F AGAIN
Celebrities / Re: No Mass-com In Unad; Skiibii Where Did You Get Your Degree From by trapQ: 12:47am
not really. I just got done packing. I'm leaving for Lagos today
Cutehector:
can't sleep? smiley
Politics / Re: The Igbo People Buhari Would have trusted died in the Civil War. by LongPennis(m): 12:47am
So, if Buhari never had anything to do with you personally in the past, he won't work with you abi?

What happens to recommendations? What happens to public dossiers?

NAIJA is in for a long thing seriously. undecided
Travel / Re: General Australian Visa Enquiries Part 2 by NNBB2012: 12:47am
mobuch:


Bro, I have been sending u pm, but no response.

Sorry, I really do not know how it works. If I have your email, I would drop you a mail.

(0) (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (of 20 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2015 Oluwaseun Osewa. All rights reserved. See How To Advertise. 60
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.