₦airaland Forum

saddler:
Are you celebrating gas flaring now or?

This is not gas flaring, but production flaring. The purpose of this flaring is to purge out dirty production from cleaning of the installed piping. Startup of any Facilities including refineries, gas plants, petrochemical complex and others typically involves Nitrogen, natural gas pipe and equipment cleaning.

The other aspect is to purge out off spec products in the production line. By introducing crude oil into the units bit by bit to meet commissioning and performance guarantees, there will be off spec products that will be flared…

This flaring is totally different from your conventional natural gas flaring from upstream facilities.

Willie2015:
D kind village people we dey ontop...
Dat Flour Mill matter...
D thing pass my power..

Who, what’s keeping Flour Mill from flying? Great fundamentals, strong cash flow, strong balance sheet, credit ratings of A-/A. Why is it still crawling?
Cash balance of 214 billion as of Q2 including their recent debt of 85 billion @12%. This cash balance alone translates into 52 naira per share vs. current share price of 33.10 naira.

I need help guys, what I’m I missing?

The problem with dollar Naira is a bit dicey for government. The government is in a very precarious position, not sure what they want to do.
They want to have high naira conversion and low inflation at the same time… not possible. You have to pick one.

On one hand, they want to convert petrol dollars at the highest level to enable payment of minimum wages. Hence, the reason why they have to peg cargo rate at $1 to 900 naira when black market rate was already 850 naira, and getting stronger. This decision thwarted/ slowed government efforts on revaluation, and gave speculators opportunity to widen the band to around $1 to 1200.

Impact of this is continuous spiral inflation, high interest rate and unstable economic conditions.

Government needs to get its act together, articulate their economic objectives, short and long term. Stable economy requires revalued and stable naira, which in turn stabilizes and reduce inflation. Stable economy leads to attraction of foreign direct investments, portfolios and brick and mortar investments.

Let’s see how this is going to play out

Great

Very nice

Thanks for sharing

Interesting

Nice

This is just a marketing strategy. Guessing they will be coming to market for IPO very soon.

Curious to know the interest rate for their commercial paper.

This is a welcome development.

lolaluv1:
What did courteville pay for?

Is this payment for their buyout offer?
I received similar credit alert, not sure what it was for.

Interesting

Very nice

Why is it that IMF experience becomes a vital prerequisite for top job in CBN? Nigeria need to shy away from this fundamental error. IMF policies, culture and interventions has never worked in Africa and other continents. No need to continue to utilize their policies, their people and other resources attached to them, that has the capacity to destroy further our economy.

KnowAll:
If we redominate the Naira back to one to one and develued by 15 we would be where Ghana is today.

But if we leave as it is and it devalues by 15 times that would push it to 15,000 to 1.

So redomination is better then devalue afterwards.

Can you please highlight the economic benefits of redenomination of naira?

Agreed, the zeroes will go away. But this idea will only give false sense of Naira strength. Overall, the idea will create higher inflation rate, devaluation, more economic pain.

The best way to solve this problem is to review and improve all the factors that affect economic production including; power, road infrastructure, taxes, monetary policies (interest rates), fiscal policies and others. This is to encourage production economy and general brick & mortar investments. Harnessing this fundamental change is the only way to save the Naira.

braine:
Sounds good.

But what are the benefits of a Floating Liquefied Natural Gas (FLNG) ?

A lot of Nigerian offshore gas are been flared. With Floating LNG system, it gives Nigeria the opportunity to liquify gas directly offshore (on the sea) without having to spend more money to compress and pipe the gas back to land for further liquefaction. This option reduces overall investment for Nigeria LNG projects. It allows Nigeria to further monetize its offshore gas, rather than flaring to the atmosphere.

Kudos to the government for this

Very nice

Can you please balance the write up. Every religion has its pros and cons. Can you share more light on the negatives around Islam.

Vote Asiwaju Bola Ahmed Tinubu.

This is coming from a man who has been contesting every 4 years since 1990. If that’s not desperation for power, I don’t know other names to call it

Very inspiring speech, thanks for sharing.

So, the new owners have to pay only 50 billion naira to take control of the company. This is wrong in all ramifications. Old shareholders get screwed, while the new northern shareholders are smiling to the bank.

Sometimes you think you’re bad mouthing a personality, but all you’re doing is making them more popular. There is no bad marketing.

This is a great idea, worthy of commendation. This idea should be replicated all over Nigeria. State and national history needs to be taught in all our educational institutions. By teaching history, it helps build patriotic citizens… which Nigeria is currently yearning for.

The more we fan this emblem of religion/ ethnic governance, the higher the dictates of incompetency, nepotism, profligacy and overall decimation of Nigeria. Vote for Character and competency. Shun religious, ethnic rhetorics and division.

Interesting

Guessing a lot of people commenting did not read this article fully. The guy doesn’t have a primary school certificate because he did common entrance at an early stage to get into secondary school. The man is a trained lawyer. A graduate of Ahmadu Bello Zaria University. In this case, what’s the relevancy of primary school certificate?

Funny how people who cannot manage and maintain security in their own locality, take shelter in Lagos to escape from kidnappers and the likes. Those people now think they have the magic wand to export whatever leadership failure they run away from into Lagos. Impossible

yMcy56:
No former offer or buyout price yet.
All these to be discussed in the forthcoming AGM in July 26.

Thanks

yMcy56:
Yes. Going private.
To delist from NSE and re-register as private coy.
AGM scheduled for 26th July.

How much are they paying current shareholders to go private? Is there a formal offer already by the company to go private?

pinkPUSSY:
He built nework, he did this and that. You see those things as bridge building or nework building but Notherners don't believe in such school of thought.. They believe you people fought together to achieve a common goal which is acquisition of power and they have assumed that everbody has been settled for his efforts...

If they really believe in your school of thoughts somebody like Lawan won't have the guts to contest against Tinubu.. Buhari and his cabals wouldn't have fought against Tinubu's presidency which they are still fighting against secretly till today .. we all know how Tinibu helped Buhari in 2015..

Stop the hallucination. They don't Owe Tinubu anything...

Even Osibanjo also contested against Tinubu which even gave notherners more guts to be fighting Tinubu....



Notherners are waiting for Tinubu.. This is politics.. Notherners are not loyal.. Ask Wike, he can tell you his ordeal with Tambuwai

There is no friendship or loyalty in politics, it's all about interest..

If your argument has merit, Tunubu would have lost the APC candidacy battle. But he did not. All the northern governor voted for him as a payback for his vision, political astuteness, loyalty and most importantly the best candidate from APC to face and beat Atiku. In politics, loyalty is the currency. The earlier you guys understand this, the better. Jagaban is about to school the whole Nigeria once again, about the role of loyalty in Nigerian politics. Get ready for the case study

pinkPUSSY:
I want to understand why SW Believe that Tinubu Will Win in SW because he's a SW son, but don't believe that Notherners will Support their Sons..( Atiku and Kwankwaso)..

Should I call this a delusion or a Fantasy ?

Some said it's because of zoning... Lol

Zoning is dead and buried !!!

It's only SW people that were pushing for zoning to sell their candidate before thinking the battle would be between two forces, now it's four forces...


Notherners don't care about zoning again and they can do whatever they like and get away with it..
Tambuwai despite his exposure and education rubbished Zoning and stepped down for his brother.. If notherners really care about zoning Tambuwai wouldn't have done that...

Tambuwa's mentality is the mentality of a typical Nothern Muslim.. To them " My brother ist" before any other thing... If Tambuwai, Ahmed Lawan,Atiku Yahaya Bello could kick out Zoning what made you think that average northern voter cares about zoning ?


Who started that narrative that North will abandon their sons and support Tinubu during general election ?

The reason why the southwest will vote Tinubu is because of the influence he has over most of the leaders all over the states including; Governors, National Assembly representatives, state house of assemblies members and other big politicians within the state. Reason is because, the man is responsible, either directly or indirectly for making most of them politically relevant regionally and nationally. Tinubu has also spread his tentacles into other zones including SS, NW, NE, NC to make politicians relevant.

In politics Loyalty is everything. If as a politician, your political journey was orchestrated by Jagaban’s resources including money, network and personal campaigns… will you at this critical junction abandon him? The answer is no.

How many leaders has Atiku/Kwankwaso helped into power, outside their state of origin in the north? How many northern politicians can claim they owe their political relevance to these two guys outside Adamawa and Kano?

You say SW supports him because he’s a SW son, I laugh. You say Nigeria supports him because of zoning… I shake my head.

Tinubu is a leader that believes in building people, building bridges across different political divides and geographical regions to achieve common goals. He’s a man of vision, strategy and most importantly a political force that no man in Nigeria can match. Tinubu’s economic blueprint in Lagos reverberate all over Nigeria. His economic and political case studies are being adopted all over the place. These characteristics and ingenuity are what will make Tinubu the next president of Nigeria come 2023.