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Nairaland Forum / Nairaland / General / Politics / FG Moves To Securitise NLNG Dividends For $7bn Cash (10937 Views)
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Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Vision101(m): 1:35pm On Oct 27, 2023 |
@garriAndsugar Moves to, will, soon propaganda words we have been hearing since just like that the ghost foreign investors. Instead of talk why not work let's see the difference. @me Think positive. In economics news is very important. Whether positive or negative. You what to hear the negative and blow it up. Meanwhile its effect affects you. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 1:39pm On Oct 27, 2023 |
If not for the responses of some other posters on here, I was wondering whether the meaning of the term 'securitization' had suddenly changed overnight. Very poor propaganda job by the OP. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by JOemmy(m): 1:41pm On Oct 27, 2023 |
Buhari mortgaged nigeria's crude oil which makes nigeria to currently earn almost nothing from oil sales today due debt servicing now tinibu have come to also mortgage nigeia's gas reserves apc have really come to finish nigeria. 1 Like 1 Share |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:43pm On Oct 27, 2023 |
FreeStuffsNG:All this shalaye on loan You're just shaming your so-called education |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:45pm On Oct 27, 2023 |
mrvitalis:For where? The money is to be used to clear the forwards backlog incurred by Bubu. The funny thing is it is another backlog being created in future Like digging one hole to fill another and one zombie has gone into an epileptic fit |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by zionstaar75: 1:46pm On Oct 27, 2023 |
[quote author=webm post=126643647]Daft men celebrating. In simple terms, they want to borrow money with future dividends that NLNG would make. [/quotestop]stop being ignorant, Fg is the largest shareholder in NLNG,its not a loan. Dividends are profit on your share in a company Please how is that a loan. The ignorance on nairaland is now at all time high o7 |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 1:46pm On Oct 27, 2023 |
FreeStuffsNG: ^^^ What does this even mean? If your dividends exist there is no need for qualification - they are cash. What the hell does 'post paid' mean? FreeStuffsNG: ^^^ No it isn't. Your write up is proof that it isn't. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Ramirezkhay(m): 1:46pm On Oct 27, 2023 |
Laughing JAGABANsTICALLY [quote author=Zooposki post=126643476][/quote] |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:47pm On Oct 27, 2023 |
treesun:He obviously does not neither does he care!! |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by zionstaar75: 1:48pm On Oct 27, 2023 |
Kukutente23:u go school at all?how is dividends loan?it means you've never had shares in any company in your life, pathetic |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:50pm On Oct 27, 2023 |
JOemmy:My brother I tire Yet one zombie is making a public show of his ignorance 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kukutente23: 1:51pm On Oct 27, 2023 |
zionstaar75:Oya explain how it's not a loan since you go school well well |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:02pm On Oct 27, 2023 |
FreeStuffsNG: ^^^ This isn't a psychology class. Leave all that mumbo jumbo about positivity for the motivational speakers. In your original post you presented a desperate, last gasp economic policy measure by this administration to be far more than it really is. If you had any integrity you would go back and edit it to reflect the truth: this administration is borrowing against future earnings. If only most people really knew what all this means... |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:06pm On Oct 27, 2023 |
Honlucas: ^^^ Irrelevant. Say something about the actual policy measure that is the subject of this write up. Go on. We are waiting... |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Kingray10: 2:10pm On Oct 27, 2023 |
zionstaar75:You when don sell ur future during election, they come tell me rubbish |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by mikeapollo: 2:15pm On Oct 27, 2023 |
FreeStuffsNG: Very useless post! You are not Yoruba more than any other Yoruba person, so stop being myopic. This Tinubu government has not performed any credible feat. What his governent has done so far is to increase the suffering and poverty of the people. They have spent all and run out of money. Now, they are securitizing future receivables from dividends in order to collect more loans. Pathetic Stop praising and worshiping mediocrity! 2 Likes 1 Share |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:17pm On Oct 27, 2023 |
zionstaar75: ^^^ Ok. But you haven't weighed in on the policy itself. What do you have to say about this planned securitization of future dividends from the NLNG project Good ? Bad? Neutral? |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:21pm On Oct 27, 2023 |
BreconHills: ^^^ Is there a time frame for this 'intervention'? 6 months? 12 months? Or will the intervention eventually become policy? |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:27pm On Oct 27, 2023 |
ElSudani: ^^^ Ok. But what is your take on this planned securitization of future LNG dividends? Do you approve? If you do, what are your reasons? |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:30pm On Oct 27, 2023 |
sevenseas: ^^^ Ominous words. The handwriting is on the wall. 2 Likes |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by ElSudani: 2:33pm On Oct 27, 2023 |
Fujiyama: I completely agree because you have to leverage what you have to achieve some pressing objectives which in this case is to stem the free fall of the Naira. We don't have to through how we got here but I am glad these steps are being taken to steer the naira and the economy back on track. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by BreconHills(m): 2:34pm On Oct 27, 2023 |
Fujiyama: Intervention is predicated on the systematic imbalance in fx reserves. My feeling ( and this is my view) is that by end of Q1 we will see the impact of gradual asset monetization - the securitization of gas revenue is a start. Once we show appetite for our own assets, we will see inflow. I forsee N700-800 to the USD by Q2. Asset monetization is the way to go. NG must unlock dead assets to create headroom. I am convinced that after the current triage measures we will see concerted efforts in this regard. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by frog12: 2:34pm On Oct 27, 2023 |
borrow borrow. can anything good come from this?? |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by frog12: 2:35pm On Oct 27, 2023 |
shutup. you don't know what you are talking about FreeStuffsNG: |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Abujaexpress: 2:36pm On Oct 27, 2023 |
FreeStuffsNG:Can someone explain this in a layman language and benefits to the economy and fiscal policy? |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by frog12: 2:36pm On Oct 27, 2023 |
i agree webm: |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by LikeAking: 2:38pm On Oct 27, 2023 |
FreeStuffsNG: U no well… I will never benefit from problem…. Oga if nothing happen till next year.. You go stop this your hyping of the president.. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 2:41pm On Oct 27, 2023 |
ElSudani: ^^^ So...what you are saying in essence is that this is a short term intervention to defend the currency for...3 weeks? 3 months? 12 months? But are you correct? We have heard elsewhere that this intervention is being sought to...settle prior fx obligations? So which is it? 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by kushe: 3:02pm On Oct 27, 2023 |
[quote author=zionstaar75 post=126645194][/quote] Dear sir, The Nlng dividend would have been put to good use as part of the budget but now they have searched high and searched low,and now they are strangulating the goose that lays the golden egg. We are only kicking the can down the road. Our economy is already in tatters and moves such as this are mere pointers to the wise. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by kushe: 3:08pm On Oct 27, 2023 |
Fujiyama: 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by webm: 3:24pm On Oct 27, 2023 |
[quote author=zionstaar75 post=126645194][/quote] When you eat your profits before you see it what does it mean, intelligent man? 1 Like 1 Share |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Fujiyama: 3:39pm On Oct 27, 2023 |
BreconHills: ^^^ The 'intervention' exists because the administration is afraid of the political cost of a fully deregulated system - a system severely constrained by zero local refining capacity. As long as there is no local refining capacity, the problem is not going to go away. If the Dangote refinery and the Port Harcourt refinery do not deliver on schedule then this 'intervention' will become policy. I give it 4 months. On the matter of fx reserves...the inflows from LNG dividend securitization aren't sustainable. After Q1 then what? The Naira takes a beating again and we securitize dividends from...Ajaokuta Steel Complex? BreconHills: ^^^ Dead assets? Perhaps I missed something. My reading of this is that we are borrowing against NLNG future dividends. I see no evidence of balance sheet restructuring to liquefy NLNG hard assets. What non-current assets are being monetized here? 2 Likes |
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