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Nairaland Forum / Deenee's Profile / Deenee's Posts
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Politics / Re: What's The Light Situation In Your Area? by deenee: 9:46pm On Sep 26, 2021 |
obembet: I hope you are paying your light bills in a timely manner as you are enjoying the light? 1 Like |
Food / Re: Inflation: What Is Happening Pls? by deenee: 2:03pm On Jul 21, 2021 |
ProJectAnatot: The reason is simple. We like to consume yet we don't produce what we like to consume. 1 Like |
Jobs/Vacancies / Re: Corruption - Edo State Power Distribution Company by deenee: 1:24pm On Jul 21, 2021 |
YakubuLagos: Were you owing on your post paid bill before a prepaid meter was installed? Secondly all prepaid meters come with a pre loaded electricity credit that must be deducted from the first recharge by the customer 3 Likes |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 10:27am On Jul 19, 2021 |
TheExclusive: Very apt. Thank you |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 3:44pm On Jul 18, 2021 |
afube: All that you have said is correct but you are still mixing apples snd oranges and acceptance of an EV revolution has nothing to do with the tribe of the person in power in Nigeria. For EVM to make sense, there has to be infrastructure to support it in Nigeria and Africa. Unfortunately, the infrastructure deficit won't allow this. Unless, as I mentioned earlier- back to back consistent investment in the infrastructure outlay which will take at least a decade to bring to fruition. Secondly, what is the purchasing power of the average Nigerian/African? Less that 2% of the entire population will be able to buy a EMV ( new or tokunboh at an price range of USD40k-USD120k!) We always make this mistake of drawing quick straight line comparisons between Africa and the "developed nations" You haven't talked about charging ports, electricity, security, good roads, etc and you think it's Electric Motor Vehicle that the government (incumbent or incoming, irrespective of tribe) will face?-think again As per Dangote, his target market is Africa same as he has focused his other companies in line with his Africa focused business operations model. The refinery is currently valued at USD50billion if we prorate using the 20% minority equity investment from NNPC. That's already USD10billion into Dangote's pocket already. He plans to float shares on the NSE (about 15% and sell about10% to other strategic investors. With these deals alone, he would have made his money back even before the refinery starts work and still be a majority shareholder with 55% ownership! God bless Dangote God bless Nigeria |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 11:53am On Jul 18, 2021 |
afube: Development happens at an uneven pace and I laugh when you people draw unrealistic comparisons and in the process mix apples and oranges. For your information I don't even live in Nigeria and haven't been there in over half decade but I am always realistic with my growth projections. Before we can begin to adopt the use of EMV as a mode of transport, there has to be adequate infrastructure and to get to that level of infrastructure efficiency will take at least 2 to 3 decades of intensive back to back investment. It goes beyond simply buying a EMV and putting g it on the road! So trust when I say half a decade at least or more I know what I am saying! Again Dangote's target market is not to export to the richer countries with their EV technology but service Africa as a continent. And EV tech or not oil will still have its place in the scheme of things. It'll still be used to power heavy equipment and use for other purposes. Every country has their own growth trajectory. In the past Egypt had one of the best building technologies evidenced by the construction of the pyramids, same applies to Greece, Rome and other past civilizations You people just sit down and talk without content. Despite all the buhahaha. Toyota still sold three times more gas cars than Tesla in H1 2021 and this is just America alone! Even with 15years shelf life he will still make his money. Bad belle people! God bless Dangote GOD BLESS Nigeria |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 10:32pm On Jul 17, 2021 |
skj1377: It is not by force to work for FGN same also minimum wage is developed nations isn't sufficient. Nigerians and their entitlement mentality. |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 4:08pm On Jul 17, 2021 |
skj1377: Nigeria is s capitalist economy not a socialist one where government moderates or provides subsidy for the purchaes of items Capitalist societies are built with a profit mentality driving them so it won't make sense to be a business man and do my business like I am running a charity. You need to understand this. Otherwise go and set up a business and be dashing people your goods on credit or for free. Even the Ibeto you mentioned is a capitalist and driven by profit. QED |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 8:56am On Jul 17, 2021 |
Reference: God bless you |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 8:55am On Jul 17, 2021 |
benzine: He is not buying directly from Nigeria neither he has said that severally because he wants to avoid all the issues and inconveniences you people bring to business. He can go into a futures agreement where he can fix rates now for future supply. Oil supply plenty everywhere. And the sale of by products from the refined crude and gas will be additional cash flow to support the revenue from refined crude. |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 8:51am On Jul 17, 2021 |
skj1377: I won't even bother to respond to you. I will just drop a few pointers for you to have an introspective reflection on Go and read to understand how Foreign Direct Investments work. Secondly, no Bank has called in any loan otherwise his name would be on the list of defaulters periodically published by banks as stipulated by CBN. Dangote is not the reason you are unemployed and building a 650k bpd capacity refinery is not beans. There are bound to be delays even beyond his own control. Even the OEMs delayed from their end too. Don't let bad belle and envy destroy you. The refinery will soon start operations and there is absolutely nothing y'all can do about it! |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 8:40am On Jul 17, 2021 |
afube: The mistake you people keep making with this EMV buhahaha is you assume Dangote wants to sell his refined crude to foreigners which is not correct. How many electric cars do yiu see in Nigeria or even West Africa that is is target market? Please let's stop mixing apples and oranges. |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 12:57am On Jul 17, 2021 |
Yankee101: The world is moving to clean energy yet the US had the largest refined crude reserve with China and India stocking up to over take them. It will take at least a quarter or half another century before clean energy can disrupt anything and by then the investment would have made multiple of returns 1 Like |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 12:53am On Jul 17, 2021 |
benzine: Na only Nigeria oil dey? even Ghana get oil and they have discovered oil in semi commercial quantities along Chad basin and River Niger-Benue trough. He can also choose to buy from any of the countries in the middle east, India and even OPEC. Even your so called militants will sell to him once the price is right |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 12:46am On Jul 17, 2021 |
davodyguy: Kpele Mr Net worth calculator. Maybe you can bail him out since you know that his cash and assets cannot finance the project. |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 12:41am On Jul 17, 2021 |
9jaRealist: Please inbox me your account details. I need to reward you for this brilliant write up! |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 12:36am On Jul 17, 2021 |
SIRTee15: Refinery business is not profitable yet Saudi Aramco is worth over 2 trillion dollars. 3 Likes |
Business / Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by deenee: 12:26am On Jul 17, 2021 |
jerrybone: Clearly who ever paid you for this watery write up didn't pay you well enough or must have over estimated your ability to do this hatchet job right. First and foremost, no bank has called in Dangote's loans and infact they are falling over themselves to extend loans to him. Secondly by law NNPC will have an equity stake in any refinery project that capacity to refine more than 200k barrels per day. This is the law that has been sacrosanct and in effect even before Dangote got his license to build a refinery so all the gist about NNPC bailing him out is bullocks! Thirdly, the completion day for the Refinery was shifted about three times for the underlisted reasons First was when he decided to increase the proposed capacity from 450k to 650k per day hence they had to recalibrate the entire project schedule neccesitating the néed to shift. Second was due to community clashes at project site and work stopped for over 4 months at this time Thirdly due to the covid 19 induced pandemic Now back to the loans and financing for the refinery, there is 30% equity contribution from Dangote himself, 60% foreign loans and 10% local debt from a syndication of banks. Even the foreign loans have been brought in tranches as foreign direct investment forming part of the foreign reserves hence, the reason why he has a fixed repo contract with the CBN. And he is not the only one that has. All institutional investors both local and foreign have one kind of Fixed USD contract arrangement with the CBN. Even Innoson Motors has same so I wonder why the search light is on Dangote alone? Let me also burst your bubble, Dangcem market cap is around 3 trillion naira making it one of the most capitalised stocks on the NGX and Dangote owns about 90% of DangCem directly and even doing share buy back to increase his stake. So if he runs into any trouble all he needs to do is sell a few Dang Cem shares and move on. The same company is poised to do a trillion naira in turnover this year. Finally the bloated cost your are quoting g here including the transatlantic pipeline, fertiliser plant and refinery. Don't allow your self to be used as s tool of destruction and yes the refinery will work and Dangote will get more wealth whether you and your cohorts like it or not. God bless Dangote GOD BLESS Nigeria 5 Likes 1 Share |
Jobs/Vacancies / Re: Is This Nigeria Customs Service (NCS) Screening Invitation Genuine Or Fake by deenee: 1:50pm On May 27, 2021 |
Seniorwriter: |
Politics / Re: Nigeria’s Daily Petrol Consumption Hits Record High Of 93 Million Litres by deenee: 8:56am On May 10, 2021 |
deetin: Please stop displaying your ignorance. Does govt sell fuel? 1 Like |
Business / Re: Adesola Adeduntan: CBN Queries First Bank As CEO Is ‘Purportedly Forced Out" by deenee: 1:52pm On Apr 29, 2021 |
helinues: First bank is a quoted company, has shareholders and is enjoying regulatory forbearance from the CBN and is the apex regulator so yes they have a say. 1 Like |
Business / Re: Adesola Adeduntan: CBN Queries First Bank As CEO Is ‘Purportedly Forced Out" by deenee: 1:50pm On Apr 29, 2021 |
helinues: First bank is a quoted company has shareholders and is enjoying regulatory forbearance from the CBN and is the apex regulator so yes they have a say. 1 Like |
Career / Re: Access Bank And It's Age Requirement For Job by deenee: 7:00pm On Apr 22, 2021 |
Different jurisdictions,different labour and or job requirements |
Celebrities / Re: Omosuwa Bukola: "I Get Turned On When He Smells Nice" (Pics) by deenee: 7:38pm On Apr 19, 2021 |
Angrygoat: Still displaying that you are a learner. How can you be spraying perfume on your attire? Ideally, you spray on the pulse points on the body e.g behind your ear, wrist, inner elbow, neck area, chest or torso. Also depending on how strong the fragrance is, you can spray into the air and walk into it. A real fragrance aficionado should know that spraying perfume directly on cloth is a huge NO NO. Do you want me to continue to lecture you? |
Celebrities / Re: Omosuwa Bukola: "I Get Turned On When He Smells Nice" (Pics) by deenee: 5:55pm On Apr 19, 2021 |
Angrygoat: You be learner when it comes to perfumes. People have moved beyond buying designer perfume brands to mixing scents to create their own unique smell. |
Celebrities / Re: Omosuwa Bukola: "I Get Turned On When He Smells Nice" (Pics) by deenee: 5:46pm On Apr 19, 2021 |
Odewaleadesoye: The question is do you smell nice? |
Travel / Re: Uber, Bolt drivers threaten To Go On Indefinite Strike From Monday by deenee: 11:32pm On Apr 17, 2021 |
oluwasegun007: Good question. The strike is dead in arrival One about 75% of driver are driving for another person meaning that they are obligated to make daily returns Even the ones that are owner managers are under some kind of lease arrangement Most of the driver carry off line rides which typically form about 45% of their rides and this is done using Uber/Bolt resources. These Fintechs know this and have factored this loss of income into the pricing so its a simple case of pickin wey say him mama no go sleep, himself no go take eye see sleep. The same striking drivers will still carry offline passengers from next week. 3 Likes |
Business / Re: Tax Evasion: Customers Stranded As Kano Seals Five GT Bank Branches by deenee: 4:47pm On Apr 14, 2021 |
OlujobaSamuel: Exactly and GTB has refused to bribe hence this action. 1 Like |
Business / Re: Tax Evasion: Customers Stranded As Kano Seals Five GT Bank Branches by deenee: 4:45pm On Apr 14, 2021 |
janedonez: Double taxation is what is happening here. Don't speak on what you don't know |
Politics / Re: Private Refineries Licensed By DPR (full List) by deenee: 9:15pm On Apr 13, 2021 |
naija4life247: Has he ever stolen from you before? Do let bitterness becloud your sense of reasoning |
Politics / Re: Private Refineries Licensed By DPR (full List) by deenee: 9:08pm On Apr 13, 2021 |
Nemere2020: Out off all these licences, only two (Dangote and WalterSmith) are building refineries. While the former is building a brick and mortar refinery with the largest refining capacity available, the latter has settled for a modular one. One they are done and begin to control the market, y'all will start screaming up and down and saying tribalism, nepotism, favoritism etc |
Business / Re: List Of Top Markets In Kano And The Distinct Items Being Sold by deenee: 9:27pm On Apr 11, 2021 |
maureensylvia: Not necessarily cheap but value for your money. They normally sell by the gram and reflecting prevailing market price. So basically the will measure the jewellery in your presence and what you see is what you are paying for. Also if they tell you piece is 18carat gold or 22 carat be rest assured it is. 4 Likes |
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