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PoliticsRe: Buhari Signs Petroleum Industy Bill Into Law by COMPAQ(m): 9:51pm On Aug 16, 2021
Foreigna2:
Is this not the one where they gave Niger Delta 3% and the North 30%.
Let me educate us. The 3% that goes to communities is 3% of OPEX of all oil companies operating in the Niger Delta , while the 30% is on profits of NNPC.

There are at least 10 different JV's operating in the Niger Delta. You have the big ones operated by Shell, Total, Exxon and Chevron and smaller ones operated by Seplat, Aiteo etc.

The big JV's have OPEX budget of circa $600m to $1.2bln per year. Let's assume an average of $900m times 4 - that is $3.6bln of which 3% $108mln. And this is Conservative. It could easily get to $150mln per year.

NNPC profits on the other hand cannot be guaranteed. I'm not Sure NNPC has made any significant profit in decades and even after PIB, there is no guarantee that they will. NNPC could make profit this year, loss the next etc. And with the challenges in the industry, it will be a big surprise that NNPC can make up to $500m profit, which is what will be required for 30% to give it the same $150mln.

Therfore to simply equte 3%and 30% and be making noise on Nairaland is the usual shallowness of the typical Nigerian.
SportsRe: MKO Abiola Stadium Abuja Ready For Use After Renovation by COMPAQ(m): 1:15am On Aug 14, 2021
Omihanifa:
The next government after Buhari will still renovate it again undecided

This was thesame stadium that was renovated extensively 9 years ago
Are you minding us! We are the most stupid country in the world. How many times have we renovated that stadium since our was built? Reason why it always falls apart is because the stadium earns no revenue for itself! Privatize the thing and let it be forced to earn revenue. Even if from churches or concerts. If managed properly, those can be held there without damaging the grass.
SportsRe: Lionel Messi's N10m A Night 'Le Royal' Hotel (Pictures) by COMPAQ(m): 7:50pm On Aug 12, 2021
gasparpisciotta:
Messi the hypocrite, crying as if his whole world has crumbled meanwhile laffing in his heart on his great escape to and windfall from PSG.

Let’s wait and see how it pans out!!!!

Barcelona should have cashed in when they had the opportunity
So if you cry today, when will you laugh next? 2022??
CrimeRe: EFCC Arrests Son, Mother, Others For Internet Fraud (Pictures) by COMPAQ(m): 9:03am On Aug 12, 2021
The guy in the second picture looks like Ahmed Musa grin
PoliticsRe: Fashola Inspects 2nd Niger Bridge Project (Pictures) by COMPAQ(m): 9:02am On Aug 12, 2021
gebest:
What kind of useless infrastructure magic is that, one bridge for 8 years.
In reality, construction only started about 4years ago. Everything before was noise. Don’t get me wrong , even 4 years is way too long, but just providing some perspective.
PoliticsRe: Airport Concession: FG Opens Up On FAAN Workers' Sack by COMPAQ(m): 8:33am On Aug 12, 2021
FarahAideed:
So the govt should keep paying them for doing nothing? Don't deceive yourself only a few will absorbed by the concessionaire and the rest laid off ..that's how it works
Most of the current staff are unusable and untrainable. It's like asking a 50 year old man in the ministry who has been pushing paper files all his life to come and learn computer. The effort of training him will not equate to the little use of computer his brain will be able to process. Better to server him and employ a 25year old guy.
PoliticsRe: Abidemi Rufai: US Submits 97,000-Page Evidence Against Gov Abiodun's Aide by COMPAQ(m): 5:34pm On Aug 09, 2021
PoliticsRe: IPOB/Yoruba Nation: IBB Finally Speaks On Nnamdi Kanu, Igboho Agitations by COMPAQ(m): 2:27pm On Aug 06, 2021
stephanie11:
POLITICSNIGERIA.COM


https://politicsnigeria.com/ipob-yoruba-nation-ibb-finally-speaks-on-nnamdi-kanu-igboho-agitations/
Which one is "IBB finally speaks...". Were we waiting for him to speak before?? Were we clamoring or him to speak? What is the value to us of him speaking?

The guy should go and rest or die in peace.

He's one of the worst enemies of Nigeria. He institutionalized corruption and denied Nigeria the result of the freest and fairest election in Nigeria's history!!!
CareerRe: As A Fresh Graduate Is Relocating To Canada For Msc Better Than Getting A Job by COMPAQ(m): 1:48pm On Aug 04, 2021
donlet:
As a fresh graduate in Nigeria after the NYSC, is relocating to canada through study Visa to do Msc and possbily getting a canadian PR after graduation better than trying to get a job here in Nigeria.

We all know it quite difficult to get job here but the cost of education in canada too is a factor one has to consider.

What is your take on this?

Let's share opinions.
better to go do your Msc while still young and you have energy. And doing it in Canada provides opportunity for relocating afterwards and even if that doesn't pan out, a Canadian masters may give you aleg up in getting jobs back home when you return, so I don't see any negatives other than the cost of the Msc!!
BusinessRe: CBN’s Supply Ban Won’t Affect Us - BDCs by COMPAQ(m): 12:06pm On Aug 04, 2021
WUdec:
He is right actually, I don't know any person that lives abroad and changes currency at the bank whenever the are back home. Plus, these BDC guys are quicker and more professional than the banks where they act like they are doing you a favour.

Most of the time, the bank is only interested in holding your currency and investing with it.

Take Standard Chartered bank for example, where you pay in foreign currency but you can never withdraw it in Nigeria....except abroad. To withdraw, you must do so in Naira and that's where they play with their fees

Plus, people who deal in Euros and Pounds never use the bank. They hardly do.
That story about Standard chartered is strange. I have a domm account there and they have always given me dollar cash when I go there to withdraw.
BusinessRe: CBN’s Supply Ban Won’t Affect Us - BDCs by COMPAQ(m): 12:02pm On Aug 04, 2021
Esseite:
The bank involvement would greatly impact on the general rates.. we still have those outside the book purposes today but we see the price crashing daily.. why?... because the supply is outweighing the demand on the BDC side.

For imports, people have bypassed the BDC's.. Nigerian organizations are now set up in various countries where you credit their naira account here and your payment is made abroad to the individual or organizations with a single transaction lien on transfer company account here in Nigeria until payment is received by your contact..
Where is the crashing rate o? Is it drop from 525 to 510 are referring to as crash? When it goes to 450,let me know.
BusinessRe: CBN’s Supply Ban Won’t Affect Us - BDCs by COMPAQ(m): 8:52am On Aug 04, 2021
Esseite:
You are ignorant of the laws of demand and supply..

More people would prefer to go to the banks for forex at 412 than a BDC at 509, if they have excess, they would obviously want to sell to the BDC to make margin, which the BDC would refuse soonest or be forced to offer little margin over bank sale rates because you cant be dumping dollars on them with little purchase. Which is why the price is already crashing.
Bank will only sell forex for PTA/BTA, Medical or school payment. There are FAR more reasons why Nigeria need forex than this. Do you not know the hundreds of items that are prohibited from sourcing forex from official sources? Where do you think their demand for forex goes?

If you want to buy a car from US, will bank give you the $20k you need? Or if you are doing side hustle of buying phones, laptops and other gadgets from abroad, is it bank those guys buy from?

Point is there is still lot of demand out there that cannot be met by Banks directly.
BusinessRe: Abuja Businesses To Be Taxed For Using Generators by COMPAQ(m): 8:43am On Aug 04, 2021
Emergingnation:
https://dailypost.ng/2021/08/04/outcry-in-abuja-as-fcta-asks-business-owners-to-pay-for-using-generators/?amp=1
This is stupidity of the highest order!! I wonder if we think at all in government? The kind of things that come out of govt at all levels is shocking at times.
SportsRe: Premier League: Players From All 20 Clubs Will Continue To Take The Knee by COMPAQ(m): 7:21am On Aug 04, 2021
kayuseful:
Yes, notwithstanding, it's getting stale.

It doesn't mean racist abuse will stop
It will only keep reminding blacks that they are always victims
I agree that it's now stale!!
BusinessRe: CBN’s Supply Ban Won’t Affect Us - BDCs by COMPAQ(m): 7:19am On Aug 04, 2021
DubaiLandLord1:
You're wrong about this. On the long run, most of them will run out of business.
The BDC guys have a point. There are far more transactions that Nigerians need forex for than just PTA,BTA, School and Medical, which the banks cannot provide. Many people are investing in US stocks, buying property, need to buy cars privately, shop on Amazon and other site for business etc. CBN/Banks do not provide forex for most of these and for the ones like car purchase which is on an individual basis, most people have no time for form M and it's delays and would rather just go source their dollar from BDC. Only Stallion Motors, Elizade etc will take the time to go to CBN for forex.

While BDC will never go away or become irrelevant, the issue is the rate disparity, which CBN can address by both attacking the demand side (increasing availability at the banks for school and medical is a good first step that reduces the demand at BDC) and increasing the supply side (oil price at $70 helps and is likely where CBN's current yanga is coming from) so that the market can have confidence that CBN can meet the demand longer term, but we need to diversify the economy and create more forex sources for the country.
SportsRe: Tokyo2020: Tobiloba Amusan Narrowly Misses On Podium Position, Finishes 4th by COMPAQ(m): 11:36am On Aug 02, 2021
fergie0o1:
SuperSport

That was Nigeria’s closest shot to a medal so far in #Tokyo2020. She finished 4th.
She raced pretty well! Unfortunately she had a pretty poor start - probably the slowest reaction time of the entire field. If not for that, she very likely would have picked up a medal.
SportsRe: Tokyo2020: Tobiloba Amusan Narrowly Misses On Podium Position, Finishes 4th by COMPAQ(m): 9:09am On Aug 02, 2021
Kuriosmynd:
Which one be narrowly? grin
Just tell us our wait for silverware continues to infinity
Narrowly is similar to very strong 2.2 grin
SportsRe: Tokyo2020: Ese Brume Leaps Into Long Jump Final by COMPAQ(m): 2:38pm On Aug 01, 2021
fergie0o1:
SOURCE



7.17m is the African Record, National Record & World Lead.
Chioma Ajunwas former African record was 7.12 and not 7.13
PoliticsRe: Abba Kyari: Everywhere In Nigeria, A Street Is Named After A Thief- Sowore by COMPAQ(m): 4:54pm On Jul 31, 2021
Kwanza:
https://twitter.com/YeleSowore/status/1421070802179575811?s=19[/quote]True talk. Corruption is institutionalised in Nigeria. Its almost impossible to find a policeman, customs man, immigration man or civil servant that is not corrupt. Even our lecturers and labour leaders are just as bad.

See the calibre of people we give national awards to.

And to be honest, we the people are not much better. For every 100 people on Nairaland who insult corrupt leaders, not sure there will be up to 5 who will not partake in a shady deal for a N500mln cut!!
PoliticsRe: Abba Kyari's Arrest, Extradition: FBI Agents Meet Nigeria's Police IGP by COMPAQ(m): 5:09pm On Jul 30, 2021
HonNL:
FBI Agents In Second Meeting This Week With Nigeria's Police IG To Demand Abba Kyari's Arrest, Extradition



SOURCE
Some of his assets ke? Not all?
PoliticsRe: FG Reduces Gas To Power Price From $2.50 To $2.18 by COMPAQ(m): 2:59pm On Jul 30, 2021
grandstar:
You're correct.

In the not so distant past, the oil companies found it economical to just flare the gas than put it back into the system because the price offered for it was too low. They still preferred to flare even when fined.

The market should be the sole determinant of the price.
Totally agree with you!
PoliticsRe: Nasir Sambo: EFCC Recovers N5.4bn For NHIS, 7 Billion Still Trapped by COMPAQ(m): 10:20am On Jul 30, 2021
potland:
https://www.vanguardngr.com/2021/07/efcc-recovers-n5-4bn-for-nhis-nasir-sambo/
The question we should be asking ourselves is why it is so easy to loot money from Nigerian agencies, Ministries and parastatals!! And what have we really done by way of systems, processes and governance to make it much harder.
PoliticsRe: FG Reduces Gas To Power Price From $2.50 To $2.18 by COMPAQ(m): 10:15am On Jul 30, 2021
Omihanifa:
Same gas that we were told we have in abundant quantity and we are even flaring it away is what has suddenly become very expensive again undecided

What a country
I'm confused!!! The article is about a reduction in price and you are still complaining of it becoming expensive!!!
BusinessRe: CBN To Refund ₦35 Million Capital Deposits To BDC Applicants by COMPAQ(m): 9:35am On Jul 30, 2021
SexyBabe001:
The best decision ever made by CBN.

These BDC guys are criminals and very greedy. You are buying from CBN at 393/$ and they supply you $20000 weekly yet you will sell to the public at the rate of #500-505 and you said God won't punish you people.

If not for the wicked and corruption of our bankers and those bank managers, what's stopping us from accessing dollars from the counter or better still let CBN peg our ATM with $1000 monthly and see BDC die a natural death. The reason why people are going to these folks is cos we can't access the dollar from banks. Bank managers have formed a cartel and sell to BDC to make profit.

I hope Emefiele remains firm and focus in this. In this time and age we need to be responsible and be proactive. Let all bank branches be selling dollars not the abokis and the BDC they are the ones hoarding the dollars and abeiting money laundering.

For the first time, kudos to CBN.. Let's hope banks won't play smart.

Any banks that default in this I suggest their licence seized for at least 8 months.
CBN sef no get much sense. What was the rationale of selling to BDC at N393, when official rate is N412?
BusinessRe: Prince Omoha Bags African Young Entrepreneur & Humanitarian Personality Award by COMPAQ(m): 9:33am On Jul 30, 2021
[quote author= post=104239141]That's impressive.[/quote]It's not hard to write na. I wont be surprised to hear he has no proper books of accounts, has not been audited and can provide no concrete evidence of said Chinese contracts and cannot prove with Customs that he ever shipped material amounts of said minerals.

I'm not a hater, but with Nigerian experience of Hushpuppy, Invictus etc , I'm usually put on red alert by these types of 25year old Billionaire stories.
BusinessRe: CBN Orders DMBs To Sell FOREX To Customers by COMPAQ(m): 1:30pm On Jul 29, 2021
Not sure if this will help all that much! A lot of Nigerians have requests for dollars that are legitimate transactions, but not backed up by CBN or acceptable documentation. Eg, If I want to buy a house in US for investment purposes or buy US stocks, such transactions cannot be done with official forex sources, so I have to go to black market.

Unfortunately, whatever CBN does to black-market, that demand will always be there for such, mainly from those who have stolen money and will not mind changing to dollar at whatever rate.

Besides does CBN even have enough forex for everybody even for the acceptable transactions?
CrimeRe: Hushpuppi: How I Bribed Abba Kyari In $1.1m Deal by COMPAQ(m): 1:13pm On Jul 29, 2021
Unigrad:
Who is a saint in Nigeria?
Almost none!! For every 1000 Nigerians, 999 cannot be trusted with N1mln
CelebritiesRe: Kelly Clarkson Ordered To Pay Brandon Blackstock N100m Monthly In Child Support by COMPAQ(m): 12:13am On Jul 29, 2021
ChasinGood:
Wow.
I'm impressed
But it's small sha. Lady is worth over $45m
grin
Per month o! Then you calculate per year, then per 5years and then suddenly the $45mln she’s worth is not a lot.Only thing is that she should still earn well from music royalties.
EducationRe: Sex For Grades . Share Your Experience!!! by COMPAQ(m): 11:55am On Jul 28, 2021
Missionaire:
grin angry

Leave them... We complain of crime, fraud and immorality but we celebrate things people cannot explain how they got.

Even the people celebrating them cannot explain how these people got to where they are. That is why you rarely find "successful" people in Nigeria writing a book about their success stories unlike their counterparts in the West who can give step by step explanations that can be verified by anybody of how they got to where they are.

It is testimony time............The Lord has done it.
Oh o!! Pretty much every billionaire in the West, you can trace the path to riches very clearly. Either the person created a product or a service. Amazon, Microsoft, Mars, Walton Family (Walmart), Facebook, Tesla etc.

But in Nigeria, billionaires just show up overnight with no clear, identifiable business. Not sure how many spare parts or electronics will make you N1bln in profits, to the extent that you throw it away on spraying. Real hard work money doesn't operate that way. I am yet to see Dangote, Otedola, Atedo Peterside, Segun Agbaje, Fola Adeola spraying money wildely, yet many of these still get comma o, but at least you can see the proper structures of their wealth.
EducationRe: Sex For Grades . Share Your Experience!!! by COMPAQ(m): 11:47am On Jul 28, 2021
AFONAMARO:
Eloquence, passion, tenacity and oratory are not gifts easily bestowed to everyone.

Whilst you may want to disagree with her career growth as you are clearly entitled to your opinion, strive to differentiate between being defamatory from spewing facts, your comparison between international known fraudsters to a well known and respected banker speaks volume.
I left banking in 2006 as a DM in Treasury, so I know what obtains!!

There are not that many 'bankers' that really should be respected. If for nothing else the roundtripping and forex scams many of these bankers have engaged in have been detrimental to the nation. From Jim to Tony, most of them carefully manage their public images, while doing dirty transactions in private.

And those who work under them are not any better. In fact, you will rarely rise to position of ED if you are not one of the CEO's 'boys', meaning your hands cannot be entirely clean.
EducationRe: Sex For Grades . Share Your Experience!!! by COMPAQ(m): 11:26am On Jul 28, 2021
AFONAMARO:
Incorrect, you cannot move from ET to a DM level even in 5 years, not to mention 3 years.

The lady you are talking about did so well for himself and knows her onion. In fact, she's an ED right now in one of the new generation banks
Yeah everybody knows their onions till they are caught in the act! What is there to learn in marketing in Banking. There is little science to it. They just beg for money.

Same way Hushpuppy was an astute businessman
And Invictus Obi was a leading entrepreneur under 30years
And the aide to Ogun State governor was a leading young politician of our time.
And Toke Makinwa (radio host) is a successful businesswoman
PoliticsRe: Pictures Of The Nigeria-Cameroon 1.5km Border Bridge by COMPAQ(m): 11:01am On Jul 28, 2021
MASTERCHIEF0847:
Argument? Who is arguing with you? Go fvck yourself you clown.
Calm down child!! You be small pikin.

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