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Nairaland Forum / Nairaland / General / Politics / Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition (24727 Views)
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Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by saxha: 9:44pm On Jun 29, 2021 |
Maxymilliano: Who ask him to be happy? |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by niyidenrele: 9:47pm On Jun 29, 2021 |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by Nobody: 10:00pm On Jun 29, 2021 |
It's a must to sell shares in your company I guess? Why can't they buy shares in dangote cement. Why refinery wey never even start. The refinery you fail to build for your country. What a country!!! If I am dangote, I will never sell shares to the government. This People are just too funny..why not fix your 4 refineries and leave dangote alone. This country doesn't support industrialization at all. How do we find ourselves in this country called Nigeria. Can you imagine? See the way he his even talking as if they wished well for the refinery in the first place. Let the drama begin. |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by IMAliyu(m): 10:14pm On Jun 29, 2021 |
frog12:Don't think someone would get this far in business if they lacked some amount of foresight. He will collect 20b now, but the gov. Gains 20% power in decision making, 20% from any profits in the future. So, would you collect 20b now, and give up a large chunk of control, and on potentially making 10times that amount in a few years to come? |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by Babinski: 10:33pm On Jun 29, 2021 |
RiceProducers: Please how are businesses valued from your point of view? I would like to know. S-Oil Corporation of South Korea that owns and operates a similar 650kbpd Refinery in addition to other business areas has a current market valuation of around US$8 billion down from over US$9 billion in 2020. Petrobras with over 2mbpd combined refining capacity has a current market valuation of US$72 billion down from US$104 billion in 2020. Practically all the major oil firms have lost value in the last one year. All these firms have established revenue and earnings that are not mere projections. Now you have Dangote Refinery, built with US$15 billion, hasn't worked a single day, has no oil well and no established revenue. And it is suddenly valued at US$95 billion which is more than 5 times the major asset value (i.e. the refinery)! Please can you give basis for such valuation? Don't forget that other Dangote business have only given him a personal net worth of less than US$12 billion based on their current stock prices. 3 Likes |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by proff010: 10:42pm On Jun 29, 2021 |
I know you and your family are in severe pain, why did you quote me...your entire family need to be examined. Iyiataata92: |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by ZooOga: 11:00pm On Jun 29, 2021 |
opeey: They may be taking bribes to keep the non-functioning refineries, non- functioning. This Nollywood classic did high honours to the issue. Liquid Black Gold 1 https://www.youtube.com/watch?v=hYzJVziQW-M |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by certifiedvik(m): 12:44am On Jun 30, 2021 |
Triangles1:if the refinery should start working, do u think that 20% share will be worth $19bn bros that money go double 1 Like |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by Charliehustle(m): 12:53am On Jun 30, 2021 |
His Refinery indeed.. |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by AAAntz: 1:55am On Jun 30, 2021 |
FEDERAL GOVERNMENT OF DANGOTE REPUBLIC UNLESS YOU WANT TO DIE , THATS WHEN YOU NO GO USE DANGOTE PRODUCT may be the oxygen you are breathing is even made by DANGOTE AS FOR MELE WHO MADE DANGOTE? HYPOCRITICAL GOVT #GODSAVEUS |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by ijayebonyi(f): 6:15am On Jun 30, 2021 |
If you’re in his shoe, will you be happy? You spent billions fixing refinery since and yet it’s not working and he that manage his own well you want to have a share and expect him to clap and be happy |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by 9jaRealist: 6:39am On Jun 30, 2021 |
ogododo: Levels abeg… Dangote is a different class. > |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by COMPAQ(m): 7:00am On Jun 30, 2021 |
A305: Dude, Standard Oil never became Shell or Total because those are Dutch and French companies respectively. |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by Nobody: 7:05am On Jun 30, 2021 |
Babinski: Good to know we so many people who are reading between the lines on Nairaland. it is obvious that dangote has run into cash flow problems with this refinery project and the cost of getting FX is not helping his cause hence the proposal by NNPC to buy off shares in the refinery. my question is the valuation how was it suddenly valued at $95bn when it has not produced anything? and the NNPC wants to get a 20% equity. This is just another fraudulent means by goverment to fund Dangote who in turn would smile to the bank because he would not only recover the full cost but would make huge profit without the refinery producing anything. All this talk of Dangote not being happy is just smoke screen and all na wash to deceive the public as usual. |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by josite: 7:57am On Jun 30, 2021 |
Not all the 200m Nigerians are fooled.this is the original game plan from word go.why will nnpc not find 20b USD to buy 1 percent share of Saudis aramco? |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 8:53am On Jun 30, 2021 |
Refinery-dangote-not-happy-with-nnpc-proposed-stake-acquisition-says-kyari. DANGOTE IS PURELY PRIVATE. LEAVE HIM TO RUN HIS REFINERY 100% PRIVATELY. NNPC ALREADY HAS FOUR REFINERIES. YOU'RE ADDING DANGOTE'S INVESTMENT TO MAKE NNPC REFINERIES FIVE. UNLESS YOU'RE GIVING THE ENTIRE $19bn THAT YOU WANT THE FEC TO APPROVE TO DANGOTE? AS YOU CAN SEE, DANGOTE DOESN'T WANT THE INEFFICIENCY OF NNPC INTRODUCED INTO HIS PRIVATE ENTERPRISES. SO NO CORNERING BUSINESS FOR DANGOTE'S BUSINESS. |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by bjdon: 8:58am On Jun 30, 2021 |
NNPC can't run their own refineries, yet they want to take a 20% stake in Dangote's. On what basis? This is just another avenue for them to chop chop |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:01am On Jun 30, 2021 |
NO IT'S RUGA. IT'S MACBAN. IT'S NORTHERNISATION OLE.COM. |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:04am On Jun 30, 2021 |
IT'S ALL WRONG. |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:07am On Jun 30, 2021 |
NOT OK. DANGOTE IS RIGHT TO BE UNHAPPY WITH THIS OLE.COM SCHEME. |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:14am On Jun 30, 2021 |
Maxymilliano: DANGOTE IS A NIGERIAN AND HE IS SANE, VERY SANE. |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:19am On Jun 30, 2021 |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:22am On Jun 30, 2021 |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:26am On Jun 30, 2021 |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:28am On Jun 30, 2021 |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:30am On Jun 30, 2021 |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by orisa37: 9:45am On Jun 30, 2021 |
Kyari MELEAMI MALAMI AND PANTAMI ARE ONES OF A KIND. F.E.C PLEASE WATCH THEM |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by ADude(m): 10:07am On Jun 30, 2021 |
humility33:so you sell your goods cost price abi? Value has increased. Na business after all; profit & loss |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by ADude(m): 10:36am On Jun 30, 2021 |
descarado:if that's the case then Dangote would not have been 'unhappy' has alleged since, he giving up such equity stake is dependent on him accepting this investments from the government. Don't forget that tax rebate or cut and other waivers is the norm when you're involve in such high level investment in a nation or state, that will increase the employment rate and living standard of the people. By becoming a board member of the company the government is making the refinery sector more political and invariably killing competition that should be encouraged. Aside Dangote there about three others private refineries in the offing this can't be good news for those fellows. Government should maintain is regulatory power and stay out of business, Nigeria has never fared well as a socialist economy 1 Like |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by OmoEpe(m): 10:46am On Jun 30, 2021 |
OmoManU: I was just thinking in that line. Is the refinery worth $85bn? |
Re: Mele Kyari On Refinery: Dangote Not Happy With NNPC Proposed Stake Acquisition by Armyof1: 1:05pm On Jun 30, 2021 |
orisa37:just ok dot com |
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