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Politics / Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by COMPAQ(m): 1:28pm On Jan 16 |
Kenochi: Story for the God's. This is beer parlour gist. The oil swaps were with oil trading companies such as Trafigura, Glencoe, Vitol etc. The Shells and Chevron and so on that operate in nigeria did not participate in the swaps. The main reason they are selling is Nigeria has lost control of the onshore oil and gas business with thieves and crooks taking over the Niger Delta. It has become impossible to operate. You produce 250,000 barrels of oil and only 100,000 gets to the terminal!! Does that make sense? 3 Likes |
Celebrities / Re: 80% Of Olu Jacobs Time No Longer Here, Says Wife by COMPAQ(m): 10:09pm On Jan 15 |
thesicilian: Lol, my parents are both dead! We are too emotional in this part of the world. In Nigeria a 90year old would be in vegetative state on permanent bed rest, but the Nigerian will be entering debt to continue to keep the man alive. In Europe, in the same situation the Doctors will ask if you want to pull the plug and many will say yes. How can you ruin yourself trying to keep a 90 year old person alive!! if I had the resource of Michael Schumacher then fine! 1 Like |
Celebrities / Re: 80% Of Olu Jacobs Time No Longer Here, Says Wife by COMPAQ(m): 6:25pm On Jan 15 |
thesicilian: He's an 80% vegetable in his current state. Does that qualify as really being alive? |
Politics / Re: Seven Major Marketers Get Approval To Sell Dangote Fuel by COMPAQ(m): 12:07pm On Jan 15 |
gadgetplanetng: |
Politics / Re: Seven Major Marketers Get Approval To Sell Dangote Fuel by COMPAQ(m): 8:50am On Jan 15 |
gadgetplanetng: Who told you Nigerian crude is cheap to produce? Its actually quite expensive. Let me tell you 3 things (amongst many that make our oil expensive to produce) 1. NDDC levvy - 3% of oil companies annual budget 2. Host community development Levy - 3% of preceeding year operating expenditure. 3. Insecurity - oil companies pay huge amounts per year to secure producing assets and staff who move in the Niger Delta region. 1 Like |
Sports / Re: If We Continue To Play Like Today, No Team Will Beat Us - Peseiro by COMPAQ(m): 8:09am On Jan 15 |
Only watched the first 20 mind and we seemed slow and lethargic. Did we improve later? Cos bard on what I saw, best we can do is second round. Way too slow in our build up play. 2 Likes |
Politics / Re: FG Withdraws Power Of Attorney For 40% Shares In Discos From BPE by COMPAQ(m): 8:59pm On Jan 13 |
Enemyofpeace: And why shouldn't they? Can you compare the status of the murtala Muhammad International Airport which is managed by the government to mm2 which is privately managed? Mm2 has maintained its quality for over 10 years it's been privately managed, meanwhile if not for terminal 2 at mmia it would have been a disaster. 2 Likes |
Sports / Re: "No Gree For Anybody": Multichoice Makes U-turn, To air All AFCON Matches live by COMPAQ(m): 7:36pm On Jan 13 |
Lordswat: Did SOUTH Africa devalue their currency by almost 100%? |
Agriculture / Re: Nigeria Approves Commercial Release Of GM Maize Varieties by COMPAQ(m): 12:01pm On Jan 13 |
[quote author=mrvitalis post=127907134] What exactly is your own? What do you produce? They want you dead and you are not dead? [/quote Don't mind him. They want us dead but Nigeria population has tripled in 40 years. |
Business / Re: Video Of production Flaring At Dangote Refinery by COMPAQ(m): 11:53am On Jan 13 |
Richtaiwo: Just Google why flares are necessary at refineries, chemical plants etc 1 Like |
Politics / Re: Gov. Nwifuru Buys SUVs For All Doctors In Ebonyi General Hospitals (Photos) by COMPAQ(m): 1:10pm On Jan 12 |
oyeb15: What's the point of employing 30,000 people into a workforce that grossly overemployed already |
Sports / Re: AFCON 2023: Onuachu Replaces Injured Sadiq In Nigeria’s Squad by COMPAQ(m): 9:22am On Jan 12 |
robosky02: Not a fan of either of them actually. But of the two I think I prefer Paul more 2 Likes |
Politics / Re: Customs Generates N3.2 Trillion Revenue In 2023 by COMPAQ(m): 7:24am On Jan 12 |
englishmart: Oga calm down! How much is N3.2trln. That's just $3bln! What is that supposed to do for the entire country for an entire year. Some premier league clubs built stadium for $1bln. 3 Likes |
Celebrities / Re: Portable Receives His Benz Papers As He Reveals The Cost Of The Car by COMPAQ(m): 7:23pm On Jan 11 |
ppogba: The point is trying to make is that insuring luxury cars in the US is quite expensive. Compressive insurance in Nigeria is pretty cheap. just 2% of the value of the car. in the US a car like this might go for $200 a month. |
Family / Re: Do You Have This In Your Bathroom? by COMPAQ(m): 3:07pm On Jan 11 |
Whalis: Use shower gel instead. |
Jobs/Vacancies / Re: Lets Discus Payrolls In Nigeria. What Is Your Monthly Salary? by COMPAQ(m): 12:32pm On Jan 11 |
Loooooooogstory: No offense, but are you sure driving Uber, Keke or selling something in the market wont fetch you more than that? I beg, find something else and leave that job. My NYSC allowance in 1999 was more than that! This is as close to modern slavery as we can get. 1 Like |
Business / Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by COMPAQ(m): 8:00am On Jan 11 |
kolamilan: Stamp duty is paid by the recipient, not the person doing the transfer. |
Business / Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by COMPAQ(m): 7:59am On Jan 11 |
Victimoftribali: Is $1k not more than N10,000 equivalent? |
Sports / Re: "No Gree For Anybody": Multichoice Makes U-turn, To air All AFCON Matches live by COMPAQ(m): 7:37pm On Jan 10 |
Ladiesdoctor: Which monopoly? You have GoTv, Startimes, Showmax, Netflix, Amazon, Iroko TV, even YouTube to some extent for your entertainment. 2 Likes |
Travel / Re: Red Line Rail To Be Unveiled In March, Says LAMATA MD, Abimbola Akinajo by COMPAQ(m): 9:07pm On Jan 09 |
mamaafrik: Isn’t there already a Abeokuta to Lagos train on the same track? 2 Likes |
Politics / Re: Where Are They? Five Most Powerful Persons Of The Buhari Era by COMPAQ(m): 3:01pm On Jan 09 |
dre11: Is Rotimi Amaechi in the Senate!! I doubt that!! 5 Likes |
Travel / Re: Ongoing Awka Millennium City Full Coverage (video & Photos) by COMPAQ(m): 2:35pm On Jan 09 |
Bestmanfornow: This is how new layouts should be developed. Well planned with infrastructure done first, before people start building!!! 3 Likes |
Politics / Re: DSS, EFCC Should Probe CBN Over Naira Scarcity - HURIWA Tells FG by COMPAQ(m): 1:45pm On Jan 09 |
mrvitalis: In the village it wouldn't change much. Even in the city it wont change as much as we think. I agree with you on that! We often make lazy comments like "if electricity is 24/7, the economy's problem is half solved!! Nothing could be further from the truth. It will have an impact no doubt, but companies will simply make more profit cos they are spending less on diesel and the owners will pocket the profits. Banks are amongst the heaviest consumers of diesel. Will they open more branches or necessarily employ more people because they have saved N5bln in diesel? Economic growth is very delicate and a combination of many things such as: 1. Basic infrastructure for good trade and productivity (quality and efficient ports, good roads, bridges, airports etc) 2. Sound legal system 3.Consistent policy 4. Skilled workforce (most Nigerians think we have skilled workforce, but we don't) 5. Tendency for innovation and entrepreneurship 6. Respect for rule of law 7. Cheap factors of production 8. Quality internet - can be a good enabler of services like call centers, support centers, remote work etc) 9. Right legislative backing for business to thrive 10. And many more I can't think of. 1 Like |
Business / Re: Do You Ever Feel Guilty Spending Lavishly Knowing Many Are Poor by COMPAQ(m): 1:08pm On Jan 09 |
Klass99: The Shoprite has been looted twice! First was Xenephpbic protest, but that one wasn't really severe looting. In fact it was more of just vandalization of some of the infrastructure there. But the end SARS one was MASSIVE looting. As in, they broke into most of the shops there and carried away electronics etc. Lekki Circle mall was shut down for over 2 years because of this. It just reopened last year July or so. 2 Likes 1 Share |
Celebrities / Re: Portable Buys A New Mercedes Benz by COMPAQ(m): 12:41pm On Jan 09 |
TopNotchTrends: Why should they have provided you anew one after crashing the old one!!! |
Politics / Re: NERC To Sell Kaduna Electric Over N110 Billion Debt by COMPAQ(m): 12:04pm On Jan 09 |
U09ce: I agree with what you have said except the last part. Iv the average take home pay of a household is N50k, how are they using up to N20k electricity? My current bill is circa N30k, which is 420kwh of electricity and i have 43inch TV, i use split AC to sleep, use microwave, electric kettle, water heater, washing machine and dryer steady as needed without thinking. So if someone is so poor, what appliances do they have that is costing N20k in electricity? So its either people aren't as poor as you think ( I have seen DSTV and AC several times in batcha) or you are overestimating what a poor person should be using in electricity. 1 Like |
Politics / Re: DSS, EFCC Should Probe CBN Over Naira Scarcity - HURIWA Tells FG by COMPAQ(m): 11:35am On Jan 09 |
mrvitalis: Lol...There appears to be something in that Abuja that makes smart people dumb! maybe too much administrative activity and not enough time to really sit and work. Cos with the amount of places these folks are always travelling to, meetings they are having etc, when is the time to sit and really do deep dives with a close knit set of think tanks. Cos ordinarily Edun and Cardoso should be a bit smarter and more active than they appear to be. Let's hope they figure things out. Truth be told though, Nigeria is a funny country. One the one hand it's not difficult to make specific things work if there is really the will. Tunji Ojo has proven that. But at the same time, in some ways, Nigeria is also a very complex problem when looked at in an integrated manner. 1 Like |
Politics / Re: DSS, EFCC Should Probe CBN Over Naira Scarcity - HURIWA Tells FG by COMPAQ(m): 9:51am On Jan 09 |
mrvitalis: No further Comment!! Your economics knowledge is top notch and unsurpassed in this country! Congratulations Sir! |
Politics / Re: DSS, EFCC Should Probe CBN Over Naira Scarcity - HURIWA Tells FG by COMPAQ(m): 9:34am On Jan 09 |
mrvitalis: Physical cash is a COMPONENT of money in circulation, otherwise known as money supply...JEEZ!!! https://www.investopedia.com/terms/c/currency-in-circulation.asp And yes you can reduce money supply by reducing physical cash and also increasing interest rates as you have said. it can also be reduced by increasing bank liquidity ratio and cash reserve requirement! Should I school you more!? read and learn!! https://www.investopedia.com/terms/m/m1.asp https://www.investopedia.com/terms/m/m2.asp |
Politics / Re: DSS, EFCC Should Probe CBN Over Naira Scarcity - HURIWA Tells FG by COMPAQ(m): 9:23am On Jan 09 |
mrvitalis: Because you are the smartest person in the room abi. Na only you go school? Or you are the only student of economics abi? If all economists or business analysts thought the same way, there would never be differing opinions in the media. Stop sounding like you know the perfect reason. Can someone withdraw more money than he has in his bank account? We have always said that there is too much money in circulation in Nigeria which is fueling inflation and makes economic management via fiscal policy difficult. So if CBN reduces money in circulation, have the done a bad thing? Besides more and more people are now saying they will accept transfer, which helps with what i said before and keeps more money in the banking system. And it has the dual purpose of increasing revenues through stamp duty. There are many pro's and few cons from an economic perspective. Be there talking basic secondary school 'increased demand/reduced supply = scarcity' economics, when others are talking Msc econometrics and micro/macro economics!! 1 Like |
Politics / Re: NERC To Sell Kaduna Electric Over N110 Billion Debt by COMPAQ(m): 9:15am On Jan 09 |
TheFacelessMan: I don't think it can make the issue of bypass any worse than it currently is. Current levels of electricity theft is very high. But i agree that everyone needs to pay for what they use now. I often wonder how hard it is. If it were me in charge of say EKEDC, I'd ensure that house is mapped to their meter number and location identified on google maps. After that, its a simple case of running a program to see which meters havent been recharged in a while. Those are clear candidates to be checked for byepass. And then have teams monitoring those who have tapped electricity directly with no meter at all, like barbers, welders, batcha folks etc The teams should go around with heavy assortment of police,, knowing fully well that people get violent when you try to cut their light. And lastly, those caught either tapping light illegally or by passing their meters should be charged to court and fined. |
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