COMPAQ's Posts
Nairaland Forum › COMPAQ's Profile › COMPAQ's Posts
1 2 3 4 5 6 7 8 ... 67 68 69 70 71 72 73 74 75 (of 148 pages)
thesicilian:The one in green looks to me like she has been crying. That doesn’t seem like someone who is happy to me. |
Lattop:I don't think gullible is the word. A VP really doesn't have much power beyond what has been given him by the president. While he of course notes what's going on and may not always like it, you can only change something from the inside. If you vex and resign, you 100%lose the chance of being an agent of change, no matter how small. |
dawnomike:Apparently not! |
ogbiwa:Willian has been one the worst signing of the entire Premier league in the last 2 seasons. And to be honest, I didn't see much that Oodegard added to the team during his loan spell. |
stevenosa:Guy, if you are realistic and truthful to yourself, govt have certainly been subsidizing the fees. If you think quality boarding feeding can cost N25k per term (3 months) or N79 per meal, then....! Same thing I hear Hostel in Federal universities is still a ridiculously low amount. The issue is not the price of the services, but the poverty of the people. |
GerogeI:Really, so you are basing your analysis on Gross Profit/Margin? Who that one help? I won't expenses be deducted? Won't education tax and Petroleum profit tax be charged? Of course any levy will be on net profits! Are you even debating that? Besides Net profits has nothing to do with capex invested. Capex expenditure shows up on the cash flow statement and not on P&L. The only capex related spend that shows up on the P&L is depreciation. Oga if you don't know Financial Statements, then you leave it forbus Chartered accountants. If someone has a net profit of - 78%, doesn't that tell you something? Are investment decisions based on gross profit or net profit? And FYI, net profits is not subject to any interpretation and litigation. It is very clear!! |
GerogeI:This again is FALSE!! And it shows you don't really know the industry. You are just basing argument on what you Think you know, and which is likely based on gist. For you to say profit is 40% is a huge fallacy when Royalty on revenue alone is 20%, then you have other costs like opex, depreciation, accretion, before arriving NIBT. And then that is then taxed at 85% again. I work for an IOC and I have prepared financial statements before and can tell you for free that profit margin is barely 5-10%. There have even been some years I prepared financial statements and it was a loss!! |
obiekunie01:Shallow! |
bigtt76: |
perambulator:That's FALSE! People are forced to transact in cash because Naira is not a convertible currency. I can only buy USD from the mallam and then pay it into my account. Not everything I want to pay for abroad is school fees or medical. I work for a multinational (very legit) and to fund my investments abroad I buy usd cash regularly to pay into my account and then transfer. |
olisaEze:Gosh! Nigerians never actually read the story! The headline is actually very misleading and very different from the story. The story takes about maximum deposit in cash per month. It doesn't stop you from depositing $10k every month in the year for $120k at the end of the year. And if your money comes in via inflow, then non of this affects you. |
dignity33:This is what you people are watching on dstv for hours?? |
Lastmankc:He's still pointing with the Camera ![]() |
Druss:Are you minding Akpabio! These guys in government don't even think and do their own sense check before reeling out numbers. This is the same way they keep saying $100bln is being owed by this, that and the other. And they are always spurious claims. They had better go and look at who has been utilising the money from NDDC account. Once paid, how it is used (or stolen) from government account is not the business of the IOC's. I know for a fact that the IOC's have been paying. I was involved in a 2001-2019 review of NDDC payments for one of them and every kobo since 2001 based on that companies budgets has been appropriately paid. And actually, it has always been 3% from inception. It was never 1%. |
FarahAideed:Story!! |
Grgton:If you know your economics, you'll know that there is very little CBN can do. The problem is for the FG to solve along with Nigerians. The fact is we import way too much more than we export and that's the simple crux of the matter. If Nigeria earns $100 and the collective bill for imports for petrol, rice, clothes, electronics, cars, pencil etc is $170, where will the money come from? Only option is for the rate to go up from say $/N10 to $/N15, so that somebody on that list will stop importing - maybe the rice guy. This makes imported rice more expensive and should reduce demand. But since we have no option, we still demand it meaning the new rate has come to stay and the rice is perpetually expensive, Next year if we earn $80 from crude, same cycle repeats. So, we either have to earn more dollar as a nation or reduce the demand for that dollar (via imports) to reduce the e-rate, none of which is happening. |
CrispyLiz:This article is pretty shallow. Talking a lot without saying anything. |
hybrid11:Looks that way, but maybe it's just photo editing. |
samsard:Yeah, that's the real issue!! And this in a way alludes to why CBN had to ban sale of forex to BDC's, cos all these Bamboo and co and the ones mopping up from BDC's and its just resulting in capital flight using officially sourced dollars. If the Bamboo of this world were utilising private Non governmental, but legit, FX sources then maybe CBN wouldn't have an issue. |
latiephwald:unfortunately those are the type of countries at our level now. In what way will you compare Nigeria with Poland or Greece, not to talk of france, Germany or UK. |
Nuelito:Is standard of living in Niger, Chad and Cameroon necessarily better than Nigeria? How are they able to afford N350 petrol? |
asiwaju60:NNPC will operate as a limited liability company as opposed to as an appendage of government where it draws budget from national budget. As a limited liability company it will no longer be expected to take money from national budget. It will stand on its own and on the basis of its profit, pay dividends to FG if it has any. That is why the law now requires it to operate profitably. And that it why it can no longer under recover the price of petrol (subsidy) in this dispensation. Benefit is that national budget is free from having to allocate money to NNPC. And FG earns dividend if any. NLNG has been paying dividends for decades without taking any money from government. |
Foreigna2: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. |
Omihanifa: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. |
gasparpisciotta:So if you cry today, when will you laugh next? 2022?? |
The guy in the second picture looks like Ahmed Musa ![]() |
gebest: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. |
FarahAideed: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. |
Ikpeyi:See how quickly the court process works in sane countries!? |
stephanie11: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!!! |
1 2 3 4 5 6 7 8 ... 67 68 69 70 71 72 73 74 75 (of 148 pages)



