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NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay - Politics (3) - Nairaland

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Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by saintdennis(m): 8:30am On Jul 08, 2016
todayboy:
Hailing Hailers come and celebrate buhari achievement small oil companies are making profits in billions nnpc make 274 million they are advertising it in newspapers


Illiterates everywhere

Do urself a favour n shut up

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by Oliviaxx(f): 8:30am On Jul 08, 2016
CHIJIOKE1314:
FOR THE FIRST TIME IN 15YEARS THERE WAS 100% INCREASE IN THE PUMP PRICE TOO:

This govt should stop this nonsense, who doesn't know the amount of money they have been scoping from Nigerians since they increased pump price to N145 ..

How wicked!
So Nigerians should continue to suffer this only because you have found easy ways to toy with the brains of Zombies because this would definitely sound like a good news to them..


Until today no Zombie could answer with straight 'Yes' whether subsidy was withdrawn or not.. They kept singing into them the side they would love to hear..

The past govt has been managing the lost as sacrifice to Nigeria.. What has APC done? Snatched everything away from ordinary Nigerians, increased pump prices, electricity bills, water bills and all govt bills was doubled...
Mismanaged forex and subsequently the market reacted negatively and everything went south north...
Even 'Chewing Gum' increased in price..
The only thing that has remained constant with this evil govt has been income or depreciated in most cases..

So why won't they make profit to our detriment...

Zombies, before you quote me enjoy the only thing Bubu-de-Kunu-Rapper has left you for breakfast because I am sure most of you can't even afford Pap/Akamu/Ogi with Akara this morning. .
Hahahahahahahehehehehehihihihihihohohohohohohuhuhuhuhuh lwkmd! Chaii...chijioke nwanne m nwoke grin

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by defash8: 8:43am On Jul 08, 2016
The last administration improved our growth rate & made Nigeria the largest economy in Africa but many APC supporters kicked against it. They claimed the economy was over bloated and does not add any value to common Nigerians.

This claim of NNPC recording profit is similar to PDP claims then, how does this affect common man? The petrol is still N145/litre, Kerosene is over N200/litre & Diesel had jumped to N185/litre.

The solution to Nigeria problem is to kill these two parties APC & PDP.

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by waltinnovers: 8:59am On Jul 08, 2016
This government is crazy, you are not ashame of yourselves. The only person that congratulate you for this report is an illiterate or the poorest person that is about to die.

How much does a director in nnpc earn in a month? And complete nnpc putshame aside and publish this nonsense.

One day, evil spirit will slap all our leaders both small and big starting from dollardeen
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by jewel2018: 8:59am On Jul 08, 2016
bonechamberlain:
274 million or billion. Nnpc making such low amount in a month, might be an error.

U have to give kachikwu kudos, he is really doing an excellent job, but unfortunately the illiterate has put him in a useless position.
must you talk anyhow? Were you the one who placed kachuku there before? Take more sense ok

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by Cortana2: 9:04am On Jul 08, 2016
DelGardo:
Great!

We have seen that it is possible to bring change and progress. When the man said he will stabilise the industry they laughed. Because successive administrations failed to bring transparency and professionalism to management of the oil sector, they thought it was impossible.

We now have sincere leadership. Despite their determination to see this government fail, despite their un-belief and distractions, lies and mischief, we are making progress. Things can only get better!

May God strengthen Buhari and those he is working with to deliver the change we voted for.

Good leadership from Buhari.

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by Larryfest(m): 9:05am On Jul 08, 2016
Why wunt there be profit na We are paying with our tears,sweats and pains... I guess suffering the masses now deserves a round of applause for the govt....
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by Charly68: 9:07am On Jul 08, 2016
And yet somebody would say Buhari's Govt is not working ! What an irony of analysis . Carry go Mr President. We must have a sense of vision & profitability in govt .It is one thing to be effective & it is another thing to be efficient. This Govt to me is set out to be effective & efficient & this is the only way we can be developed as a nature. The culture of waste is no longer allowed . God bless you Mr president .
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by amaechi1: 9:12am On Jul 08, 2016
SeverusSnape:

Since we've been having bad news since Buhari came on board, Let us cut them some slacks for this one. Half bread is better than none. grin

That is nigeria for you. The 6 years of last administration when oil was sold $120, NNPC still could not post any profit. Yet some people has the gut to move $ around as if they move bread label.
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by anonimi: 9:12am On Jul 08, 2016
defash8:
The last administration improved our growth rate & made Nigeria the largest economy in Africa but many APC supporters kicked against it. They claimed the economy was over bloated and does not add any value to common Nigerians.

This claim of NNPC recording profit is similar to PDP claims then, how does this affect common man? The petrol is still N145/litre, Kerosene is over N200/litre & Diesel had jumped to N185/litre.

The solution to Nigeria problem is to kill these two parties APC & PDP.

What do you propose as a means of having government leaders IF/AFTER we kill these two parties?

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by maclatunji: 9:24am On Jul 08, 2016
SeverusSnape:
Kachikwu is an excellent administrator. But unfortunately, Bubu the Mumu doesn't see that, He had to remove him as GMD and replaced with his "competent" brother.

Though the profits isn't unconnected to the fact that Nigerians are paying for petroleum products at exorbitant prices, even when the price of crude is low.

You put Kachukwu there in the first place or are you just trying too hard not to make sense?
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by SeverusSnape(m): 9:26am On Jul 08, 2016
maclatunji:


You put Kachukwu there in the first place or are you just trying too hard not to make sense?

Wow!... Maclatunji! cheesy

Long time sir.
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by slyng(m): 10:04am On Jul 08, 2016
Not that profits were not being made in those periods but stealing wasn't corruption then
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by bluebabyboy1: 10:11am On Jul 08, 2016
todayboy:
[s]Hailing Hailers come and celebrate buhari achievement small oil companies are making profits in billions nnpc make 274 million they are advertising it in newspapers [/s]


When will you think with your head for once? An organisation just did something it had never done in 15 years and you still choose not to see the good in it God, please help Nigerians - this mentality is killing us cry

2 Likes

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by tete7000(m): 10:14am On Jul 08, 2016
Not news to me, if this doesn't happen then those administering NNPC ought to be questioned. Subsidy has been a major drain on NNPC pursue and with its removal, the company should return to a profit-making outfit. Common sense dictates that.
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by babadee1(m): 10:28am On Jul 08, 2016
bonechamberlain:
274 million or billion. Nnpc making such low amount in a month, might be an error.

U have to give kachikwu kudos, he is really doing an excellent job, but unfortunately the illiterate has put him in a useless position.

Didn't you read the article? NNPC has not made any money at all in any month for the past 15 years. They only report losses, in billions per month. This is the first profit they have made in 15 years.

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by bonechamberlain(m): 10:29am On Jul 08, 2016
jewel2018:
must you talk anyhow? Were you the one who placed kachuku there before? Take more sense ok
face front if u have nothing to say, he was doing fine and moved to a useless position. Probably he was put there to clear the road for a "competent" northerner. That's what I have to say, u that have lots of sense u can state urs without quoting me.
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by Perfectionist11: 10:59am On Jul 08, 2016
todayboy:
Hailing Hailers come and celebrate buhari achievement small oil companies are making profits in billions nnpc make 274 million they are advertising it in newspapers


Dude the headline says:First profit declaration in 15 years..

Bet you didn't crawl b4 you started walking...

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by 989900: 11:45am On Jul 08, 2016
This is major: first profit in 15 years!!! Even if it is $1 profit, it is better than losing money monthly! Business owners can relate.

The monthly report stated: “PPMC recorded a net gain of N17.69 billion as against the net loss of N6.91 billion in April, 2016 following complete stoppage of commercially unfavourable swaps and offshore processing agreements (OPAs).

At the above, some people have been 'chopulating' from these OPAs from time immemorial to our detriment.

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by jpphilips(m): 11:46am On Jul 08, 2016
SeverusSnape:
Kachikwu is an excellent administrator. But unfortunately, Bubu the Mumu doesn't see that, He had to remove him as GMD and replaced with his "competent" brother.

Though the profits isn't unconnected to the fact that Nigerians are paying for petroleum products at exorbitant prices, even when the price of crude is low.

The bold statement is the only thing that suggests you are a human being.

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by bashydemy1: 12:02pm On Jul 08, 2016
SeverusSnape:
Kachikwu is an excellent administrator. But unfortunately, Bubu the Mumu doesn't see that, He had to remove him as GMD and replaced with his "competent" brother.

Though the profits isn't unconnected to the fact that Nigerians are paying for petroleum products at exorbitant prices, even when the price of crude is low.
Who will the GMD report to anytime any day? is not the Minister? Why are you guys trying to put more burden on him when PMB is trying to give him some relief. Beside he is the GMD and minister haba not good now.

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by thecrush: 12:11pm On Jul 08, 2016
blackpanda:


Must u wail. Nothing govt does will ever be good in your eyes. Just to keep nagging is your hobby abi. And its not like you could do better if given the opportunity. My friend u need to take a chill pill

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by darqly(m): 12:40pm On Jul 08, 2016
SeverusSnape:
Kachikwu is an excellent administrator. But unfortunately, Bubu the Mumu doesn't see that, He had to remove him as GMD and replaced with his "competent" brother.

Though the profits isn't unconnected to the fact that Nigerians are paying for petroleum products at exorbitant prices, even when the price of crude is low.

On the one hand, you acknowledge Kachikwu as having done a good job; on the other you've refused to acknowledge that his new position affords him better oversight and more control, which may eventually translate to PMB having made a shrewd move.

Secondly, NNPC being in the black has little to do with the global price of crude versus Nigeria's domestic price. In case you haven't noticed, the cost of refining, transporting and other landing costs don't exactly go hand in hand with per barrel cost. You'd need to reappraise your argument accordingly. By and large, what he did was reduce waste and plug pilfering in NNPC. Nowhere else in the world will you find an oil company declaring losses back to back yet paying staff industry grade wages and bonuses, and still recruiting!

1 Like

Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by plaetton: 1:22pm On Jul 08, 2016
DelGardo:
Great!

We have seen that it is possible to bring change and progress. When the man said he will stabilise the industry they laughed. Because successive administrations failed to bring transparency and professionalism to management of the oil sector, they thought it was impossible.

We now have sincere leadership. Despite their determination to see this government fail, despite their un-belief and distractions, lies and mischief, we are making progress. Things can only get better!

May God strengthen Buhari and those he is working with to deliver the change we voted for.

In as much as I admire Kachikwu's management ability, using NNPC supposed first monthly profit in 15yrs to give credit to the Buhari government is very ignorant and laughable.

Have we forgotten that 15yrs of fuel SUBSIDY payments constituted a NEGATIVE on NNPC 's balance sheet?

With the removal or gradual fading of fuel SUBSIDY, NNPC has NO reason whatsoever to have NEGATIVE figures on its balance sheets.

It's simple arithmetic, duuuhhhhh! , nothing to do with Buhari's management competence, which we all know by now, is ZERO.
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by DelGardo: 6:37pm On Jul 08, 2016
plaetton:


In as much as I admire Kachikwu's management ability, using NNPC supposed first monthly profit in 15yrs to give credit to the Buhari government is very ignorant and laughable.

Have we forgotten that 15yrs of fuel SUBSIDY payments constituted a NEGATIVE on NNPC 's balance sheet?

With the removal or gradual fading of fuel SUBSIDY, NNPC has NO reason whatsoever to have NEGATIVE figures on its balance sheets.

It's simple arithmetic, duuuhhhhh! , nothing to do with Buhari's management competence, which we all know by now, is ZERO.

Nice attempt by you to take the shine off this achievement.
Under Jonathan most of the fuel was imported by third parties and subsidies thereof settled by the FMoF not through NNPC (correct me if I am wrong). Mind you subsidy budget is not held by NNPC so they cannot absorb the actual costs. NNPC imports refined products by crude swap arrangements to meet their own quota which is usually a fraction of the requirement, which is why they are usually able to sell slightly below pump price.

Yet they never turned a profit.

E pain you say the man with zero management competence is doing what a legion of ineffectual Bs could not achieve, abi?
Re: NNPC Reports Monthly Profit Of N274m For The First Time In 15 Years - ThisDay by nelcliff(m): 6:41pm On Jul 08, 2016
Beautiful Lies....

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