₦airaland Forum

[quote author=Gracealone post=76844297]I am learning not to comment on hot news in Nigeria these times, until the particular event or news item fully unfolds. Liars and half-truth peddlers everywhere!

#sinlook[/qu
Your head is very correct.

Omooba77:
The operating deficit recorded by the nation’s refineries rose by 39 per cent to N132.5bn in 2018, compared to the previous year, data from the Nigerian National Petroleum Corporation showed on Tuesday.

The refineries posted a loss of N95.09bn in 2017, according to the NNPC data.

The refineries, which are located in Port Harcourt, Kaduna and Warri, have a combined installed capacity of 445,000 barrels per day but have continued to operate far below the installed capacity for many years.

Port Harcourt refinery, which did not process any crude oil in seven months, recorded the biggest loss of N59.96bn in 2018.

Kaduna refinery, which was idle for 11 months, lost N31bn while Warri refinery recorded a deficit of N41.71bn, according to the NNPC.

A total of N13.58bn was lost in January; N8.05bn in February; N11.88bn in March; N20.08bn in May; N14.51bn in June; N10.45bn in July; N10.79bn in August; N6.97bn in September, N9.32bn in October, N9.58bn in November and N17.31bn in December.

The refineries made a profit of N6.32bn in April for the first time in 10 months.

It was observed that Warri refinery was idle in January, September and October 2018.

The NNPC, in its monthly report released on Tuesday, said its group operating revenue for December stood at N731.88bn, N439.59bn higher than the previous month performance, while expenditure surged by N429.52bn.

It said, “This month’s revenue is far more than the budgeted revenue which resulted in a marked increase in trading surplus despite the drag in operating expenditure in the month.”

The corporation recorded a trading surplus of N12.13bn in December.

“This increased performance is attributable to NPDC’s higher revenue recorded during the period following NPDC continuous revenue drive, arising from recent average weekly production of 332,000bpd making the target of 500,000bpd for 2020 achievable. This also captured the updated previous months’ revenue and expense,” it said.

In January, the Petroleum and Natural Gas Senior Staff Association of Nigeria expressed its opposition to the current operating model for the nation’s refineries.

 


PENGASSAN described the model as unsustainable, calling for the adoption of the Nigeria LNG Limited’s business model “after the refineries must have been rehabilitated for them to yield better dividends to the nation’s economy.”

It also called on the government to increase local refining capacity and remove all observed encumbrances to full rehabilitation of all the four refineries


https://punchng.com/refineries-lost-n132bn-in-2018-says-nnpc/

Better making losses than selling them to "friends ".

Officialgarri:
So this old man who felt he can always appoint leaders for this country can also cower behind the word "subjudice"

From his own personal experience, Can Obasanjo tell us he doesn't know the outcome of this kind of tribunal cases . Karma is a bîtch !!

Interesting. The mighty have fallen

I think journalists should stop mentioning names of certain elders who meant evil for our nation. Stop asking for their opinion on national issues. Expired milk.

fokusmind:
Atiku is just interested in giving his supporters something to make him relevant for 2023. Kole werk. 2023 is coming South.

Coming South for 8 years. Add that to my age...

Olawalesmarter:
Some people are going to Wail for 4 years

4 years and beyond.

anonymous1759:
... The Blame is on our Leaders who Worship the whites. I know some people will say it's because of the loan we receive from them but I disagree American owes China more than we do but Chinese can't Treat American like that. , our citizens who carry placards to protest at US Embassy home and Abroad disgracing themselves claiming they're patriot... Are also responsible. 70% of the Blame are caused by the leaders. It's a pity some times I sit back and ask myself if the Chinese are better than us physically that they're discriminating US... Thunder is awaiting all of our Leaders who failed us in any way...

Maybe they are better because they have common sense and they make use of it.

id911:
The CBN Governor, though independent, can not disobey the orders of the President. At least not in Nigeria.

Just saying for the records

The CBN governor will obey legitimate orders only.

doggedfighter:
If you are stressed why not park and close your eyes for a few minutes.

Park and close eyes on that bridge !

HappyPagan:
Drink some Zobo. You will be fine.

Zobo does not relieve Sifia pain. He should try ZORO.

dam2000:
Bastard girl u will soon join dem

Endangered specie.

Bomboclat

Peculiar mess.

Arrant nonsense.

Slimguy0:
Lmao I like that e sweet my belle as dem carry him money go vote another person... E sweet me die... Nigerians don dey wise up" you think you can use money to buy us?? Never again... It's a good development... .... Shame on the Roach tho

Black Roach. White roaches are smarter than the black specie.

Whatever you have in life, be it wealth, position, power or fame , seek wisdom in addition.
Power and arrogance is an acidic combo.

The arrogant emperor is in Sifia pain.
Money, position and power have failed.

NaijaRoyalty:
Imo State Governor, Rochas Okorocha, has dismissed the governorship/state Assembly election in the state as a sham and a mockery of democracy, saying that he has lost confidence in the nation’s democracy.

Okorocha, while addressing a mammoth crowd of aggrieved youths from various parts of the state who paid him a solidarity visit at the Government House, Owerri, accused the Independent National Electoral Commission (INEC) of brazen complicity in the conduct of the exercise.

He warned that the sham, if allowed to prevail, would stultify the nation’s democratic system and promote injustice and iniquity to the highest crescendo.

“It is obvious that INEC in Imo is not guaranteeing us free, fair and credible election because Uche Nwosu, the governorship candidate of the Action Alliance (AA), actually won the election but INEC criminally disbanded electoral officers of the Commission and introduced people from Abia College of Agriculture who arrived in the state at midnight.



They brought people they had been training for weeks in Anambra before the election.”

According to him, the Resident Electoral Commissioner (REC) in the state manipulated the results of the election from the three local government areas (LGAs) of Mbaise, thereby vitiating democracy in the state, ended up in only nine LGAs as against 18 LGAs stipulated by the constitution.

The governor cautioned the state REC, Prof. Francis Ezeonu, not to wreck the state, insisting that the conspiracy associated with the polls was targeted at him.

The anger-stricken governor dismissed insinuations in some quarters that he held the INEC officer under duress to declare him winner of the Imo West Senatorial polls, saying that the insinuation was an insult to him.

While urging INEC to disabuse the minds of the public on this, he appealed that his INEC Certificate of Return be issued to him as the winner of the polls so to spare the nation’s democracy from contempt and disdain, saying “I am no longer proud of democracy in our state because of what INEC is doing”.

The youths had earlier in their submissions denounced the gubernatorial election as a monumental disaster loaded with fraud and irregularities, warning that injustice is a threat to justice everywhere.

“Imo a peaceful state but unfortunately, some misguided elements cashed in on this and raped our democracy”.

The youths, who spoke through their spokespersons, George Iloanya and Ezenna Okoro, insisted that Peter should not be robbed to pay Paul and urged the INEC to do the needful by organizing a fresh credible election in the state.


https://www.gistlover.com/thunder-will-locate-imo-people-for-collecting-my-money-and-voted-ihedioha-rochas-okorocha/

Lalasticlala Oam4j Mynd44

The emperor is Sifia pain.

A new non profit has just been formed. It is called. ' Sifia Pain Association ' (SPA).
Membership is free.

[quote author=asuustrike1 post=76609023]So looters and corrupt people are not in APC I suppose or rigging yourself to power isn't corruption? [

Take it easy man. Sifia pain association.

blackpanda:
God really loves this country o

Honestly, we are seriously blessed

Just imagine atiku won elections. By now all looters, thieves and corrupt greedy politicians would have reassembled back in Abuja to divide Nigeria's resources once more. Diezani would have received miraculous healing from cancer, saraki will be firmly on senate throne with his errand boy dino and nnpc would have changed their name to ANPC Atiku National Petroleum Corporation

Your head dey correct.

MrMcJay:
That train line is why Obasanjo was disgraced in Ogun state.

Obasanjo as President didn't do anything in Ogun state. All he did was build his Library as a personal project on the left, an estate named after him behind and his hilltop mansion on the right. This same person asked us to vote Atiku and other thieves.

Buhari on the other hand has the rail line and Station being built right into the entrance of Abeokuta.

There is a reason why we in Ogun state have been rejecting Obasanjo's candidates in Ogun state since 2011. He openly supports you, we make sure you lose.

Nice one.

donstan18:
When it comes to dancing, you just have to give credit to fat and chubby folks.

They are good dancers.

I like the lady's confidence and dancing steps.
I like how people are happily cheering her and catching fun.
Also, I like the fact that she's looking happy.

Fat and chubby ladies are mostly caring and kindhearted.

If you are a chubby or fat lady reading this, have it in mind that you are blessed, wonderful, lovely and an awesome creature.

Ole, thief !

emeijeh:
Anytime I hear collapse, I remember the PDP campaign rally in Kebbi, when the stage collapsed.

Immediately after they chanted some incantation.... or some strange language.

helinues:
Waiting for updates.

Rivers of trouble

In Jimmy Cliff's voice,
¶ maany rivers to crooss......¶
Rivers of blood and sorrow.

[quote author=MyVILLAGEpeople post=76686839]The Gathering of election riggers. But PDP will come out victorious.[/q
uote]

Pipe dream dey sweet.

modath:
Mama Peace Da Rocha....

.
The man Da Rocha was a very hard working gentleman. He provided lagosians with pipe borne water in the sixties?
It is a taboo to use his name to describe some wicked opportunistic parasites in or out of Nigeria government.

KingSatan:


WHY NOT ALLOW MY SON ENJOY HIMSELF?

AFRICANS ARE BARBARIANS!

TWO CONSENTING ADULTS RESPONDING TO NATURES CALL AND INSTEAD OF MINDING YOUR OWN BUSINESS, YOU DECIDED TO DISGRACE AND HUMILIATE THEM.

A CLOSE CHECK WILL SHOW THAT NONE OF THIS GUYS CALLING FOR MY SONS HEAD ARE VIRGINS.

THEY HAVE ALL HAD SEXUAL INTERCOURSE WITH THE OPPOSITE SEX AND EVEN SAME SEX.

The man has denied a nearby guest house their legitimate income by using that building. That is piracy.

kayfra:
I thought the elections were rigged? Idiots like Reno won't adhere to their narrative. Olote

He is an Obote man

They are developed because they make use of their common sense. But Africans have substituted religion , faith and culture for their common sense.

OmoOshodi:
What's our own....Buhari must go

Yes, buhari must go , after May 2023..

Macgyver1:
Lol I'm not interested in anything that has to do with pastors. Most pastors are the reason why their are so many broken homes today!

Broken homes and broken destinies.

Losers club, shameless elders.