₦airaland Forum

naanxie:
Una go the same school??

Yeah, same school.


Don't know why you guys had issues dating older mates. My GF in school then was 2 years older than me and we dated for 2+ years.

Jamean:
.

When did you date Old Man in School and I didn't know

Create the download link and kindly mail me when you do to re-open the thread

mickey45:
Of most comments on Nigerian Energy issues of late, your's. Really got me.

Countries like China, India and the rest are using the U.S induced oil-price slump to buy up our oil and store for the posterity of themselves because whether we believe it or not, There's going to be an energy crisis in say 15-20 yrs from now!
The oil we're selling at almost-zero price now may be hot cake by then and had we any sense, we'll find alternatives and live on other resources so that by the time industrialization really takes root here, we won't be dependent on these same countries for the oil we ourselves sold to them.

Would have been better if we take our rightful place in the committee of nations and start refining both for local consumption and for export (at least to neighbouring W.African states) before Ghana et. al. beats us to it.

Yes we'll have a cash crunch while trying to achieve that but who achieves anything worthwhile easily?
David470 and all what do you say?

Your words are thoughtful, but you need to understand the Oil market. There is something called Market Correction; it occurs once in 5-7 years or so, it is like a sinusoidal wave and bound to occur. Sadly, we don't do Commodities trading here in Nigeria, so we panic anytime oil price crashes. Also, there are billions of undiscovered reserves in the world and right here in Nigeria, as such, a working refinery is really a wonderful investment like you said (Dangote knows about this and he is cashing in on it)

@bolded, haba na. Lol. Almost zero ke. I attached today Brent and WTI crude price below. It has started gaining.

yimikaa:
I know of PSC (production sharing contract) and PSA ( production sharing agreement), which one is petroleum sharing agreement again?

Production sharing agreements are a common type of contract signed between a government and a resource extraction company (or group of companies) concerning how much of the resource (usually oil) extracted from the country each will receive.

The oil company bears the mineral and financial risk of the initiative and explores, develops and ultimately produces the field as required. When successful, the company is permitted to use the money from produced oil to recover capital and operational expenditures, known as "cost oil". The remaining money is known as "profit oil", and is split between the government and the company, typically at a rate of about 80% for the government, 20% for the company.

From the article Esso has 56.75 while shell owns the remaining 43.75. Government(NNPC) owns what percentage?

Would like to know more about this petroleum sharing agreement you're talking about. I Googled, could not find anything on it.

Sorry, Its Production Sharing Agreement, also called PSC. Let's leave Wikipedia definition and face Nigeria definition.

It is an advanced form of JV (Joint Venture). The IOC's technically owns 100% of the field, bears all the risk and operational expenses. The government do not care if you discover oil or not as a penny would not be invested by them as against a JV where the ownership, risk and costs are shared and there have been complications with that.

All the IOC's actually prefer this type of agreement.

soloniger:
after sallah?

Insha Allah

mickey45:
Think I agree with you a lot on NSE being sentiment-driven as at present.

So in all what are you looking at yourself?

The key is investing in fundamentally sound stocks with good numbers and liquidity. Also, if the capital don't appreciate, at least dividends should compensate for the downward volatility in prices.

I was a speculator though, but right now on a stock-break. Would re-enter soon.

Shinelle:
no I'm not. . just casting my bread upon many waters.. lol

Lol. That's good.

Keep it up.

yimikaa:
Esso Exploration and Production Nigeria Limited holds a 56.25 percent interest in Erha North Phase 2, while Shell Nigeria Exploration and Production Company holds the remaining 43.75

NNPC holds 0.00 percent, OUR OIL

Anyway, since kachichuwkwu became GMD of NNPC, I noticed mobil has been in the news of late.

The contract existing is a PSA (Petroleum Sharing Agreement). Read up on it.

Shinelle:
pls how did you go about yours.. ? can't edit the form , it said I should request permission from the owner .. done that, no response.

Hello Shinelle. How far the GA pursuit? Backing off?

adeoti01:
thinking aloud,,,how best can I answer this question oooooo.....
okay,, 'by any chance', sir, yes I'm because through Christ we are same (one family, one fold ,one Shepherd)....

but in the world by blood, I'm not...

how's work?

Lol. Am good bro, and work is going on well.

How are you too? and work?

Met the husband recently in my office. He didn't look like someone ready to stop b**ging that ass

Adeoti01, are you by any chance related to Yemi Adeoti (Pst) of Rhema.

Hmm..

How about the one where you are being called "My Office boyfriend" and there is no policy against that.

I am Lost

Consulting is diverse. It opens you to Research and the likes especially if you are consulting for the FSI (Financial Service Industries)..

Audit is just Audit.. Nothing more to add. You don't do any research, just take the books and follow the laid down principles..

Also, aside the experience in consulting to fit for a Corporate Finance role, starting CFA would really be an added advantage.

Hmm.. Finally they arrested this man.

Oliyass:
Afrinvest Ltd is doing something similar to people with the Afrinvest Teleops Fund they floated in 2008. I personal have $10,000 yet to be recovered from them. It's seems people have been getting away with daylight robbery in this country. Even SEC is stating the incidence is not within the regulatory oversight of SEC when the Afrinvest transaction took place. God will continue to help us. But me I will NEVER invest in anything that has to do with SEC, NSE etc

Why not explain what happened to the funds and the responses you got when you made your inquiry instead of just trying to tarnish a firm's image..

Jamean:
they were accumulated over time

From those days in Ekosodin ba.

Zenith on Full offer (-4.99%) c75million units.

#StupidMarket

myjoy08:
NIGERIA’S RESPONSE TO J.P. MORGAN’S ANNOUNCEMENT ON GBI-EM INDEX...

http://www.cbn.gov.ng/Out/2015/CCD/Press%20Statement%20on%20JP%20Morgan%20%20Index%20Exclusion%20ResponseSeptember%202015%20.pdf

In summary, JPM take your Index and shove it up your a**

735i:
There will be outflows from the bond market, prices will drop, and yields will increase...so its kindda the reverse

For clarity sake "i shared the information so that we could all analyse what it potentially means for the equity market..." but there's so much negative energy around here!

Lol. The negative energy is expected na. School fees and House rents are in the market, so...

From my view, the equities market in Nigeria is largely driven by Sentiments and Perception. Fundamentals is rarely being used by most traders viz a viz speculators.. I won't be surprised if the bourse looses tomorrow and some days more, then starts rallying because of low price and nothing more

What are your expectations jare?

735i:
The decision was made this afternoon.. It will probably be public by tomorrow..
Nigeria will be phased out over two month-end rebalancing periods begining september 30th and ending Oct 30th.
By Oct 30th, we'll be out of the index.

Who wants the bull run to end? no need to take it personal

Equities and Fixed Income has an inverse relationship. So, if the yield in the fixed income space falls as a result of this, shouldn't we be expecting Bull of all Bulls?

Eldeevee, Congrats o.

Aunty Crowntoro.

@DrWise,

Before you made the decision of leaving, there must have been some discussions with diverse parties on the bond ish and future consequences.

Also, from the accrued interest, it means they have been sending mails on this issue before.

The only people you are putting at risk are your Guarantors, so before it gets to that, reply the mail and fix a date to discuss with them.

lalasticlala:
David, it was featured earlier today

Really. No vex. Just saw it now

https://www.nairaland.com/2581829/police-teargas-nigerdock-staff-over

ElFenomeno1:
We have been in recession for months.... Think!!!!!
We are not going into it but have been wallowing in recession for months.... It has been downplayed so as not to cause panic or trigger an escalation!

We have not been in Recession.

The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP).

That has not happened yet