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Family › Re: Court Marries Off Two Women In Jigawa Despite Father’s Objection by COMPAQ(m): 11:15pm On Aug 27, 2021
thesicilian:
The children themselves are adults over 30yrs and they consented to the marriage, but the father is standing in the way of their happiness. What would you have done if you were the judge?
The one in green looks to me like she has been crying. That doesn’t seem like someone who is happy to me.
Politics › Re: Yemi Osinbajo Speaks French To President Of DR Congo (Video) by COMPAQ(m): 2:19pm On Aug 25, 2021
Lattop:
He might be top notch, Academically Brilliant but he's Politically Gullible
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.
Travel › Re: Ohanmi Road Washes Off Two Months After Completion (Photos) by COMPAQ(m): 11:42am On Aug 24, 2021
dawnomike:
I wonder why we keep doing this to ourselves... Do we every want to get developed as a country? huh
Apparently not!
Sports › Re: Willian 'Likes' Chelsea's Instagram Post Celebrating Their Win Over Arsenal by COMPAQ(m): 11:14am On Aug 23, 2021
ogbiwa:
https://www.dailystar.co.uk/sport/football/arsenal-chelsea-willian-premier-league-24815063
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.
Education › Re: LASG Insists On Reviewed Boarding Fees For Model Colleges by COMPAQ(m): 11:11am On Aug 23, 2021
stevenosa:
"However, Mrs Adefisayo said, the state government will continue to subsidize the boarding fees to improve the quality of education and the purpose of the establishment of Model Colleges and Upgraded Schools."

Have they been subsidizing the fees that we have been paying before now? Why did she not talk about all the MANY materials that we have to present to the school?
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.
Politics › Re: 5 Misconception About The Petroleum Industry Act, 2021 by COMPAQ(m): 8:25pm On Aug 22, 2021
GerogeI:
Go sit down, you think you are the only person in the oil industry. Gross profit in the oil industry ranges from 30% to 60%. Low cost producers like middle east achieve 60% profit. In case you are also wondering, whenever you hear profit, it's Gross profit, not net profit as that is always subject to definition and litigation as you are already trying to insert.

See the link below
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html
Oil and Gas Exploration and Production -> 50.97% Gross Profit as at Jan 2021. Also look at their Net Profit -78% as most will reinvest in new assets within same year, that's why nobody references net profit. Your PIA did not say which, pretty sure they will interpret it to be the normally bigger Gross profits.
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!!
Politics › Re: 5 Misconception About The Petroleum Industry Act, 2021 by COMPAQ(m): 6:32pm On Aug 22, 2021
GerogeI:
Stop trying to deceive people by the purposefully chosen confusing terms of the PIA.

In the oil industry Profit is about 40% of revenue, while Opex is about 60%. This is the only industry that makes this kind of profit. Others like electronics average 12-15%.

NNPC owns 60% of all productions except for marginal oil fields which is negligible.

Hence for Oil communities you have 3% of 60%(opex) of 100% Production = 1.8% of revenue

For North viz a viz FEF =30% of 40% (profit) of 60% NNPC production share = 7.2% of revenue

Who then is deceiving who.
Anyway, am from Anambra, it's all these confused Niger Deltans that are being cheated. They say it's better to be stolen from, than to be with Igbos.
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!!
Politics › Re: 5 Misconception About The Petroleum Industry Act, 2021 by COMPAQ(m): 6:24pm On Aug 22, 2021
obiekunie01:
FULANI WILL MESS ON OUR FACES USE YORUBA SLAVE AGENTS TO TELL US THE SMELL IS NOT THAT BAD EVEN WHEN IT STINGS LIKE A ROTTEN DEAD PIG!

WITH YORUBAS, THE SOUTH CAN NEVER BE FREE FROM THE NORTHERN OPPRESSION.
Shallow!
Business › Re: You Can Only Have A Maximum Of $10,000 In Domicilary Account - Stanbic IBTC by COMPAQ(m): 6:11pm On Aug 22, 2021
bigtt76:
And the banks will tell you they don't have enough dollar for you to cash out. So if you have $20k they will give you $5k in cash and advise you to convert to Naira the balance so you don't forfeit it to the government cheesy

When CBN came denying plans to convert all dollars to Naira, I knew this day would come. Reason why my dom account has less than $20 cheesy
I

Nobody is converting your dollar Aunty!
Business › Re: You Can Only Have A Maximum Of $10,000 In Domicilary Account - Stanbic IBTC by COMPAQ(m): 6:10pm On Aug 22, 2021
perambulator:
if you are regularly depositing and withdrawing $10,000 in CASH, Your source of funds is not legit and you do not want to leave a trail!!!!!! FACT! if it was legit you would have no problems doing electronic transfer like most legitimate people transacting such sums.
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.
Business › Re: You Can Only Have A Maximum Of $10,000 In Domicilary Account - Stanbic IBTC by COMPAQ(m): 8:44pm On Aug 21, 2021
olisaEze:
So if my dom acct gets foreign inflow of $100k at month’s end, will $90k be auctioned off without my approval? There are supposed to be limits to policy changes enacted by the CBN to protect foreign investment confidence na. undecided
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.
TV/Movies › Re: Bbnaija: JMK And Angel In Bikini Twerking Competition At Friday Jacuzzi Party. by COMPAQ(m): 1:56pm On Aug 21, 2021
dignity33:
Gaga Angel in Twerking Competition with Bikini JMK at Friday night Jacuzzi Party.


https://www.youtube.com/watch?v=kfX8mjHSw3E
This is what you people are watching on dstv for hours??
Politics › Re: Governor Sanwo-Olu Taking Pictures Of Lagos From Helicopter (Photo) by COMPAQ(m): 11:48am On Aug 20, 2021
Lastmankc:
Why is he not pointing? Pontus pallate
He's still pointing with the Camera grin
Politics › Re: Godswill Akpabio: Oil Companies Owe NDDC Over $4 Billion by COMPAQ(m): 11:43am On Aug 20, 2021
Druss:
Let's do the Maths. Is NDDC saying that the IOCs have between 2001 and now realized 133 billion dollars from Nigeria in revenue?

Is NDDC saying they have not gotten money from the IOCs? I trust they realize that most IOC ventures are a partnership in some form between the IOC and the government i.e. NNPC.

This one is not giving full information. Also I thought it was 1% unless my memory fails me. When did it become 3%?
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%.
Properties › Re: Eko Atlantic Canal Before And Now by COMPAQ(m): 11:35am On Aug 20, 2021
FarahAideed:
If PDP was still in Power this place would have been built up and Now and Dangote refinery working...PDP provided an investor friendly economy that attracted investor dollars
Story!!
Business › Re: Emefiele’s Policy Somersault On Foreign Exchange, Bureau De Change by COMPAQ(m): 3:26pm On Aug 19, 2021
Grgton:
we have a very ineffective exchange rate policy !! Naira will keep depreciating if no action is taken . I believe CBN knows what to do!! This is not time for politics.
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.
Business › Re: Emefiele’s Policy Somersault On Foreign Exchange, Bureau De Change by COMPAQ(m): 3:07pm On Aug 19, 2021
CrispyLiz:
http://saharareporters.com/2021/08/01/central-bank-governor%E2%80%99s-policy-somersault-foreign-exchange-bureau-de-change-dr-adeola
This article is pretty shallow. Talking a lot without saying anything.
Celebrities › Re: DJ Cuppy Stuns In New Photo After Battling Illness by COMPAQ(m): 8:41pm On Aug 18, 2021
hybrid11:
She slim down,even the big boobs look small now cry kiss
Cuppy my love
Looks that way, but maybe it's just photo editing.
Business › Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by COMPAQ(m): 3:04pm On Aug 18, 2021
samsard:
They aren't ponzi schemes. CBN is just not happy that they're taking out scarce foreign currency, especially above stipulated limits and also trading crypto.
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.
Politics › Re: Buhari Signing Of PIB: Petrol May Sell For N300, FG To Decide On Subsidy Today by COMPAQ(m): 4:54pm On Aug 17, 2021
latiephwald:
So disappointed you could compare Nigeria to those countries.
Imagine a country of over 200m population with massive Natural resources etc
Compare Nigeria with some European and developed American countries
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.
Politics › Re: Buhari Signing Of PIB: Petrol May Sell For N300, FG To Decide On Subsidy Today by COMPAQ(m): 11:55am On Aug 17, 2021
Nuelito:
we can't compare the standard of living in those countries to that of Nigeria...

There are better opportunities over there than here.

But correct me if am wrong.... am ready to learn from you sir
Is standard of living in Niger, Chad and Cameroon necessarily better than Nigeria? How are they able to afford N350 petrol?
Politics › Re: Austyn Ogannah: Nigeria's Next President Must Be Business-Inclined Southerner by COMPAQ(m): 11:53am On Aug 17, 2021
Politics › Re: Buhari Signs Petroleum Industy Bill Into Law by COMPAQ(m): 1:34am On Aug 17, 2021
asiwaju60:
@COMPAQ

Please what role will nnpc play in this new bill.?
Nnpc still going to be operating as government
own company or what.

Thanks
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.
Politics › Re: 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.
Sports › Re: 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.
Sports › Re: 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??
Crime › Re: 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
Politics › Re: 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.
Politics › Re: 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.
Politics › Re: Abidemi Rufai: US Submits 97,000-Page Evidence Against Gov Abiodun's Aide by COMPAQ(m): 5:34pm On Aug 09, 2021
Politics › Re: 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!!!

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