KingEli:
cuz he is ur president n if u r not cool with dat,,go to hell n burn

I will go to hell n burn after you agree to take the lead



Tell your President to stop acting like a Northern King.

free2ryhme:



This report gives a detailed breakdown of States IGR for 2014 for 23 States of 36 States that have so far reported. Note that this report will be updated for 2014 as soon as data is received from the remaining States. According this report and data may be updated periodically.



The following 13 States are yet to report on their IGRs for 2014 as of the time of this report: Abia, Adamawa, Borno, Cross River, Ebonyi, Edo, Gombe, Jigawa, Kano, Kwara, Ondo, Taraba and Yobe



So do you want t base your conclusion on these since 13 states are yet to report their IGRs. If you claim the South East posted prosperous IGRs why are the Ibos not getting the dividends of these IGRs in terms of development or are you oblivion to the happens in the region?

Go and get the 2015 comprehensive statistics.

the OP had disappointed me.......







I thought he was educated enough to know how audits report are written and collated.....
but he had just made mockery of himself.



so, all these happened just with the spate of 6months and the previous government shouldn't be blamed for the environment it created for this crises

chinchum:
Are they suffering declining profits because Buhari became president 5 months ago?

OP, why art thou choosen to be so foolish and ridiculous ?

Declining oil prices and free fall of nigeria in exchange in 2014 affected all those compan1es. Your hero GEJ left a usd for 232 naira at the end of may 2015 in the parallel market.
Virtually all the results you postd were not even under the Buhari regime.

Bro, I honestly blame the moderator who placed this on FP.

Poor research and analysis.

KingEli:
I should bow n worship Buhari d same way ur mama is on her knees every night sukking me dikk abi?

look at this bastard that doesn't know his parents. zombie.

Pls let's stop being sentimental about this. Even Treasury bill is not spared, its really serious, I don't think Buhari is competent

I won't judge bubu again till his minister start to work and give them 2yrs to see the outcome... I know it might take longer time to recover from all this lost, but I'm giving them the benefit of the doubt..

shamecurls:
I beg tell the WW`s

na so jare

FreeGlobe:

Go and get the 2015 comprehensive statistics.

guy we are in 2015 and it has not ended how do you get a report for a year not ended


abi you no sabi read, abi u be dullard??

if you have it post it, hence your conclusions are baseless and non factual

KingEli:
do I say dumber than ur father?

What is dumber? Spit on your face

Ikengawo:
I challenge anyone to post me examples of Job creation. I am not saying they don't exist though I believe this, I am simply laying the evidence before you to make your own conclusion as a voter.





November
Nigeria: Virgin Atlantic May Have Pulled Out of Nigeria, Sacks Nigerian Staff

Quote: "We fought daily battle against government agents who wanted to daily make fortune from us, politicians who saw the government 49 per cent as a meal to seek for all kinds of favour... watchdogs (regulatory body) that didn't know what to do and persistently asking for bribes at any point... Nigerian people are generally nice but the politicians are very insane... that may be irony because the people make up the politicians."
http://allafrica.com/stories/201511090151.html

Honeywell Flour Mills reports 66.27% decline in full year profit
https://trwstockbrokers./2015/08/03/honeywell-flour-mills-reports-66-27-decline-in-full-year-profit/

October
Guinness Nigeria suffers 76% profit decline
http://businessnews.com.ng/2015/10/24/guinness-nigeria-suffers-76-profit-decline/

Lafarge Africa’s profit dips amidst slow sales in Q3
http://thenationonlineng.net/lafarge-africas-profit-dips-amidst-slow-sales-in-q3/

Unilever Nigeria : FMCG Companies Suffer Half-Year Profit Decline
http://www.4-traders.com/UNILEVER-NIGERIA-PLC-8252801/news/Unilever-Nigeria--FMCG-Companies-Suffer-Half-Year-Profit-Decline-21155149/

First Aluminium Nigeria records 21.8 % profit decline
http://worldstagegroup.com/index.php?active=news&newscid=25451&catid=30

AIICO INSURANCE PLC: Decline in profits
http://www.pressreader.com/nigeria/thisday/20151108/281827167647336/TextView

Facts behind Diamond Bank’s 12percent profit decline in H1 2015
http://www.transparentnigeria.com/news_entries/24294/Facts-behind-Diamond-Bank%E2%80%99s-12percent-profit-decline-in-H1-2015

Cadbury Nigeria Records 98% Dip in Nine Months Profit
http://www.thisdaylive.com/articles/cadbury-nigeria-records-98-dip-in-nine-months-profit/222822/

HoneyWell Flourmills Records Profit Decline in Half Year 2015
http://www.bullsnbearsng.com/2015/10/honeywell-flourmills-records-profit.html

PZ Cussons: A corporate giant on the decline
http://newmail-ng.com/pz-cussons-a-corporate-giant-on-the-decline

September
Mobil Oil Nigeria records 39% profit decline
Quote: The financial results of the company for the period ended 30th September 2015 published by theNigerian Stock Exchange today showed that profit before tax fell 33.5 per cent
http://naija247news.com/2015/10/mobil-oil-nigeria-records-39-profit-decline/

August
MTN’s Profit Declines as Sales Fall in Nigeria, South Africa
http://www.bloomberg.com/news/articles/2015-08-05/mtn-profit-declines-11-as-sales-fall-in-nigeria-south-africa

Nestle Nigeria records 50.8% profit decline in Q1
http://nationalmirroronline.net/new/nestle-nigeria-records-50-8-profit-decline-in-q1/

THANK YOU.

SOMETIMES SITUATIONS GET WORSE BEFORE THEY GET BETTER!

pus24:
Things will pick up I. The first quarter

wake up from your dream

FreeGlobe:

Go and get the 2015 comprehensive statistics.

Lol. Good morning dear

ijustdey:
the OP had disappointed me.......







I thought he was educated enough to know how audits report are written and collated.....
but he had just made mockery of himself.



so, all these happened just with the spate of 6months and the previous government shouldn't be blamed for the environment it created for this crises

you presidents inability to appoint ministers led to the crash of the economy. Also within 6 months, the golden eaglets won the under 17 world cup which buhari took the glory of, why should we now separate the economy?

chinchum:
What media twist? Are you incapable of thinking for yourself ? if yes, i cant help you. The op is mischievious, if he enrols gullible mofos like you in to his mugun train, who am i to help you.

calling someone mofo, you must be pained

A seed must decay before germination occurs... PMB carry on... May God frustrate those companies that steal codedly from we Nigerians...

The refineries they claimed PMB has fixed, hope they are still working at 100%. Propaganda government of APC. Surely, very soon.......

Ikengawo:
I challenge anyone to post me examples of Job creation. I am not saying they don't exist though I believe this, I am simply laying the evidence before you to make your own conclusion as a voter.





November
Nigeria: Virgin Atlantic May Have Pulled Out of Nigeria, Sacks Nigerian Staff

Quote: "We fought daily battle against government agents who wanted to daily make fortune from us, politicians who saw the government 49 per cent as a meal to seek for all kinds of favour... watchdogs (regulatory body) that didn't know what to do and persistently asking for bribes at any point... Nigerian people are generally nice but the politicians are very insane... that may be irony because the people make up the politicians."
http://allafrica.com/stories/201511090151.html

Honeywell Flour Mills reports 66.27% decline in full year profit
https://trwstockbrokers./2015/08/03/honeywell-flour-mills-reports-66-27-decline-in-full-year-profit/

October
Guinness Nigeria suffers 76% profit decline
http://businessnews.com.ng/2015/10/24/guinness-nigeria-suffers-76-profit-decline/

Lafarge Africa’s profit dips amidst slow sales in Q3
http://thenationonlineng.net/lafarge-africas-profit-dips-amidst-slow-sales-in-q3/

Unilever Nigeria : FMCG Companies Suffer Half-Year Profit Decline
http://www.4-traders.com/UNILEVER-NIGERIA-PLC-8252801/news/Unilever-Nigeria--FMCG-Companies-Suffer-Half-Year-Profit-Decline-21155149/

First Aluminium Nigeria records 21.8 % profit decline
http://worldstagegroup.com/index.php?active=news&newscid=25451&catid=30

AIICO INSURANCE PLC: Decline in profits
http://www.pressreader.com/nigeria/thisday/20151108/281827167647336/TextView

Facts behind Diamond Bank’s 12percent profit decline in H1 2015
http://www.transparentnigeria.com/news_entries/24294/Facts-behind-Diamond-Bank%E2%80%99s-12percent-profit-decline-in-H1-2015

Cadbury Nigeria Records 98% Dip in Nine Months Profit
http://www.thisdaylive.com/articles/cadbury-nigeria-records-98-dip-in-nine-months-profit/222822/

HoneyWell Flourmills Records Profit Decline in Half Year 2015
http://www.bullsnbearsng.com/2015/10/honeywell-flourmills-records-profit.html

PZ Cussons: A corporate giant on the decline
http://newmail-ng.com/pz-cussons-a-corporate-giant-on-the-decline

September
Mobil Oil Nigeria records 39% profit decline
Quote: The financial results of the company for the period ended 30th September 2015 published by theNigerian Stock Exchange today showed that profit before tax fell 33.5 per cent
http://naija247news.com/2015/10/mobil-oil-nigeria-records-39-profit-decline/

August
MTN’s Profit Declines as Sales Fall in Nigeria, South Africa
http://www.bloomberg.com/news/articles/2015-08-05/mtn-profit-declines-11-as-sales-fall-in-nigeria-south-africa

Nestle Nigeria records 50.8% profit decline in Q1
http://nationalmirroronline.net/new/nestle-nigeria-records-50-8-profit-decline-in-q1/

Igbos continue crying. Its ur punishment for being bigot................. The most ridiculous one is mtn profit has fallen in Nigeria and SOUTH AFRICA.
mr. big head, what has Buhari got to do with MTN loss in South Africa?

You people should stop making mockery of your tribe bigotry with useless articles.

chinchum:
Are they suffering declining profits because Buhari became president 5 months ago?

OP, why art thou choosen to be so foolish and ridiculous ?

Declining oil prices and free fall of nigeria in exchange in 2014 affected all those compan1es. Your hero GEJ left a usd for 232 naira at the end of may 2015 in the parallel market.
Virtually all the results you postd were not even under the Buhari regime.

Cry cry baby .... I want to see ur mommy... Shame!!!!

mrworldwide1:
calling someone mofo, you must be pained

I detest brazen idiocy. Not everyone is gullible na .

Adminisher:


What did you expect with fake statistics that the last government was churning out?.

In any case a lot of it is global recession related and some are changing culture in Nigeria. Look at the list properly. Breweries are going out of business the world over in Nigeeia even more as they are going in the opposite direction to Churches which are growing by the day. Lafarge is crashing because Dangote is climbing.FMCG sector however is booming because operators know their market.

Buhari economics will start in January. What Nigeria is doing now is managing the disaster of Jonathan economics when the high oil price that was COVERING it up crashed.

Buhari will reflate by constructing roads, dams, bridges, sewage and drainage systems just to create employment for young people. This will increase inflation till 2017 and will drop the naira even more but people will be gainfully employed and we will have infrastructure and growth. After 2017 the boost in local demand by many young people working will pull in foreign investments and the economy will start booming. Nigeria should keep up the anti corruption war, collect it's taxes, endure short term inflatiom and try to keep young people employed...this young people employment is very important and Breweries and all the businesses you have mentioned will not do the trick. Massive public works is the answer.
Then we can grow sustainably like China instead of stupidly like Brazil.

The Nigerian economy has a lot of latent potential, inspire of inadequate power, see what we HV achieved. For the past five months d government HV not been carrying out capital expenditure, perhaps that will pick up with the swearing in of ministers.
The govt plans 7-8 trillion naira budget with about 30% made up of capital expenditure, for the first time, this will be the highest capital allocation. The jump in d recurrent budget to me looks like there is going to be an increase in public sector job creation and other pallavatives as well.
Churning out companies making loses is not typical of Nigerian alone and should also not be a surprise, the world economy is slowing down, China exports fell 19% last quarter, we who are mono dependent on oil are even doing well, from an all time high of $150-$45 per barrel, and we still standing! We should be asking what was achieved when oil was $150 per barrel.
Recent events HV shown that we could even fund our budget without reliance on crude. Am also envisaging a situation where next year budget is not pegged around the price of crude rather taxes, customs target alone for this year is N944b, who says they can't do a N1.5trillion next year? Mtn fine sef will be used for finance the budget. Just that we are all in a rush .......my thoughts though

FreeGlobe:

you presidents inability to appoint ministers led to the crash of the economy. Also within 6 months, the golden eaglets won the under 17 world cup which buhari took the glory of, why should we now separate the economy?

so its the ministers that will make the economy boom


I can't believe you said that..... for once be rational and ask yourself, when a building is defective.... whose faults

is it the one that cast the foundation or the one that is supposed to build on that foundation.

Logician:
Let me think differently. What is those multi nationals were corruptly enriching themsevles before now? Their profits are bound to dwindle if someone serious takes over. But I don't mean the president is serious anyway. Personally, Forex restrictions has dwindled my profit by over 70% and I hold the president responsible$

What? Are you serious right now?!

Ah, if this is the way we reason in Nigeria now. We are doomed. Abeg just give us BIAFRA, before you all corrupt our brains.

Bollove:
all these ikengawo and barcanista of this nairaland are bunch of ignorant mofos , uncivilised, uncut and unrefined.

MNCs has always been making abnormal profits in Nigeria .... MNCs rendered services that is not citizen oriented, more powerful than regulatory agency and do not give a hoot about Nigeria other than profit, profit and profit.

All MNCs in the Oil sector operating in NigerDelta, if they should be made to clean up ogoni land and many other communities affected by oil spillage which is normal global standard operating procedure, do you think their profit would be as high as being quoted.

what these MNCs did in Nigeria and are doing , they dear not try it in any advanced nations......... They are here just to make money simple while contributing little to sustainability.

imagine the lackadaisical attitude of MTN to the government policy on simcards .......... Useless mtn think it is business as usual .... Am on MTN network but when a company disregard our policy on our own soil, then she should face the music or ship-out.

oil companies on clean up and many other non citizen oriented services rendered by others.

The era of lack of political and intellectual will to deal with these MNCs is over, the era of Jonathan, Yar'adua and obasanjo is over .....

New Sheriff is in town, only MNCs which care about Nigeria and Nigerians should stay behind to make legitimate money, only investors who wants to make legitimate ROI should stay behind ...... for those ones who have come in through backdoors, bribery and corruption through their unpatriotic accomplice in government, they are free to leave.

Majority of MNCs and other FDIs came into Nigeria through corruption because Nigeria is one hell of a country with abnormal and illegitimate return on investment, Now they are taking away their money cuz Government is imposing citizen oriented service which shall rub them off their ill gotten wealth.

let them all go, they will come back when they are ready for legitimate deals and they should allow genuine investors to take over our huge market.

Will you continue to spew this trash when the MNC cut more jobs thereby worsening the already high unemployment; and who told you other so called "true investors" will be stupid enough to come into Nigeria when their colleagues are either shutting down or losing profit.

FYI, the major cause of depreciating economy is that the present government isn't implementing budget or investing the little saved, help me name one single project that has been carried out so far by the Buhari administration.

gists:

Don't mind the OP. When the last administration was busy pooing everywhere they didn't realise it will smell when its time to clean. It is fo0lishness to expect a seed to germinate without decaying first. Where was the OP when madam Ngozi slashed the budget of the ministry of works to 11% (from the N100b to N11b). Other ministries also suffered similar fate. He didn't realise it wil have a snowball effect on the economy. Now they are blaming it on the new administration.

God bless you for saying making this known.

How will they be able to reason when they're used to "business as usual" analogies.

When GEJ conducted the most expensive election in d history of d country even with d crash of oil prices; they weren't thinking of d aftermath. All we hear now is Buhari is not moving d economy and other stuffs.

free2ryhme:


guy we are in 2015 and it has not ended how do you get a report for a year not ended


abi you no sabi read, abi u be dullard??

if you have it post it, hence your conclusions are baseless and non factual

Internally Generated Revenue All States 2014
http://www.nigerianstat.gov.ng/

Dullard PMB sit down you go vote for him. Weti you they find, palava you dey find, and na palava you go get

The current administration should understand that people are going impatient because of the current hardship faced in Nigeria but people also need to know that warnings were given in the last administration about future occurrence of economy crisis owing to the dwindling oil prices as the last administration squandered all our revenue for their personal gain.

The south easterners has so far been the most impatient people and such attitude can ruin their intellect if care is not taken. The last administration did nothing despite the boom in oil sector yet they are saying GEJ my hero. Their approach to claiming biafra is un tactical, ill planned and disgraceful.

If the current administration as time goes on fail to live up to Nigerians expectation, they will be voted out of power.

wristbangle:


Bro, I honestly blame the moderator who placed this on FP.

Poor research and analysis.

What are the new policies buhari created to solve this emergency problem. U are really talking tru ur an.us. Has there been any wise economic movement done to stop Nigeria's economy from going into recession.
Your type of person have ur future buried in ur past.

@ Ikengawo, the basis for your assertion is wrong. companies audited financials are typically available between 3 - 6 months after their year end and covers a 12 month period, while this administration is barely 6months old.
The information you are basing ur assertion on actually covers periods under GEJ (Jan - Dec 2015). However, GEJ can be held solely responsible for it, as it was an election period, hence a lot of companies suffered from market sentiments and insecurity that occurred then.
That being said, Bihari hasn't handled our economy well either, but u can judge him by the performance of those companies

Ikengawo:
I challenge anyone to post me examples of Job creation. I am not saying they don't exist though I believe this, I am simply laying the evidence before you to make your own conclusion as a voter.





November
Nigeria: Virgin Atlantic May Have Pulled Out of Nigeria, Sacks Nigerian Staff

Quote: "We fought daily battle against government agents who wanted to daily make fortune from us, politicians who saw the government 49 per cent as a meal to seek for all kinds of favour... watchdogs (regulatory body) that didn't know what to do and persistently asking for bribes at any point... Nigerian people are generally nice but the politicians are very insane... that may be irony because the people make up the politicians."
http://allafrica.com/stories/201511090151.html

I am sure you have genuine points as I also think the economy is rudderless at the moment.
However you create a credibility issue when your f sy example is either a wilful lie it an ignorant statement.
That virgin Atlantic comment was made over 8 years ago when branson was pulling out of the Virgin Nigeria venture. Also, the closure of the Nigerian office was simply a global restructuring of the company as they chose to keep only SA for Africa. The Nigerian crew was sacked because they no longer want country specific crews. It was not a nly Nigeria and has nothing to do with Nigerian economy.

Having said that, Buhari needs to appoint an economic times urgently and let us know his short and medium term goals and plans. Economically, the country looks lost.

ijustdey:



so its the ministers that will make the economy boom


I can't believe you said that..... for once be rational and ask yourself, when a building is defective.... whose faults

is it the one that cast the foundation or the one that is supposed to build on that foundation.

https://www.naij.com/465847-investors-lose-n238bn-as-buhari-delays-ministerial-list.html

keep making excuses for buhari while he destroys this country