₦airaland Forum

0neal:
Satellite across the country?

One satellite in Low earth orbit is enough to cover the country rotating round the earth every 90mins that's like 16 times in a day.

This people will not consult the right Agency to guide them...

What is the work of National Space Research and Development Agency

Bro, i sent you message on telegram. Kindly reply

seunny4lif:
Trump wants to put more sanctions on Russia to force them to sit down for negotiations.
He said Russia military have been advancing too fast and her military kept bombing Ukraine too much

Russia absorbed most sanctions already, what can there be that is painful?

This man talks too much.
He should stay away from social media a bit

Youngzedd:
Norrenberger Dollar Fund @ 10.34%


https://dailyyieldapi.norrenberger.com/money-market

Even Nigeria euro bond is around 9.8-10% too

Streetinvestor2:
Whr u see dollar fund at 10%.Na mostly less than 7% I dey see oh

Norrenberger dollar funds gives 10% bro

Agbalowomeri:
It's still very high
Until it crashes to below 10% before they pack their kaya comot

Even a fall to 15% will see a huge fund go to dollars MF at 10% which will be better than holding naira MF or TB

ednut1:
i know three ladies that got married while on study/ post graduate to 9ja men who are PR or Citizens. Was it for love abi for security or na collabo. I cannot ask them sha 😂.
I don’t blame some ladies with PR for being too careful its hard to recover from being used .

Something that is been done to men on daily basis?

ednut1:
😆

Men should thank God the men of old were wise enough to mandate men to be educated first then. If they had made education only compulsory for women while the men go to farms, believe me, by now marriage would have died a natural death.
The women would have avoided all men like plague and only date the Prince and other kids from the few well to do Chiefs in the society.
Despite all the red flags in dating a woman that is below you in societal status - fake love, paternity fraud, reckless cheating and many more, so many men are still ready to pick up women to level them up, dust them up from scratch, bring them abroad, give them PR, cars, send them to school etc. but when it favours women, they will all see all the red flags in dating men - cheating, local etc, lazy, level-up

Hmm

WriiterNg:
⚡Eutelsat, the French satellite operator, says talks with the EU on replacing Elon Musk’s Starlink are intensifying, as the US pulls back from its commitments to the continent’s security.

https://www.aviationtoday.com/wp-content/uploads/2023/10/eutelsat-airbus-768x432.jpg

These guys sha want to fight sha ni.

The problem they are looking for, they will surely see it.

pansophist:
Thank God for countries like Russia and China. These two countries have being a great absorber of aggression for the rest of the world who have already being defeated.

From the Red army singlehandedly defeating the nazis, to China developing so rapidly, that poor countries can afford basic things of life like smartphones, I cannot thank them enough.

Just imagine if China and Russia were not there to supply other countries with alternatives after being sanctioned and cut off from the international system by the west, what will become of us?

These two strong countries have been taking all the beaten just for the rest of us to thrive. I only wish leaders of the global south can see the real beast which the international system is, and work very hard and quick to breakaway from it, now that they still can.

This was exactly what China did. The Chinese didnt relaxed when the USSR supported them to defeat the KMT army and took over China. Burt since 1949 when the new China was born, he worked so hard to make sure China is strong, and now, China could help Russia under these brutal attack from the west.

If not for Russia and China, these Burkina Faso guy (Ibrahim Traore) would have been killed long ago. Only if Nigeria could make hay while the sun shine, only if.

The bedrock of western hegemon is the Dollar and nothing else.
It is not their military nor large economy. Peg the dollars and other currencies to gold and see the western economy crumbles.
They are spending far more than what they are earning and the only thing covering their asses is the ability to go inside and print more currencies for economy stimulation in case declining economy or finance military actions.
If they are pegged to gold, they will need to have surplus to change for gold to buy any weapons or finance any war and the surplus must be so large to withstand several years of war which they can't.

pocohantas:
Either he is mentally unstable or there is money he gets from this. I am genuinely surprised they are still together because every year he raises alarm like this or something about his wife.

Is the marriage do or die? He would still remain with her. Just mark his name and face. You will see him again in 2026 over this same wife.

Or maybe na juju

cenaman:
Ekwensu romance Mamie water🧜🧜

Please remind me, he said some slangs in igbo in a movie about Paul and Silas.
I like that slang but don't know it

WriteerNg:
⚡U.S. Vice President JD Vance says Washington may resume arms and military equipment shipments to Ukraine if Ukraine initiates peace negotiations.

Hmmmmmm
So they are not planning to end the war rather to expand it.
This war is going to be very very long

pansophist:
When the fights involves nuclear powers, we should think in the concept of defeat or loss. Because when one is loosing, then instead of surrender and be defeated, nukes will fly and hats the end.

All the EU do is just bark, they wont dare fight Russia. Russia is only in Ukraine, and never attacked them. So if they have to fight Russia, will have to be the aggressor.

And in that case, the whole Russian population will be motivated to fight like WW2, an the whole EU population would be against the war since they are the aggressors.

Moreover, France and UK only have around 360 nuclear missiles compared to Russia that has over 5,000.
Russia only need to waste 2,000 on them while keeping the remaining 3,000 for US that may want to come later for a weaker russia

WritterNg:
⚡Ukrainian Prime Minister:

We currently produce about a third of the weapons we need, and our goal is to produce at least 50%.

Seems these guys don't plan stopping the war.
I guess they enjoy it.
Whoever is backing them have long term plans for the war

OkpaNsukkaisBae:
Oreshnik missile is one of them, it has been deployed in Belarus.
Let assume Russia want to strike London with Oreshnik missile from the territory of the Russian Federation, it will take only 20mins.
If Moscow want to use their military base in Belarus to target London it will take just 9mins.

They don't need to use Belarus when they have Kallingrad. It is way shorter

GeeKudi:
They probably want to bring it to the ngx.

By the way, I downloaded the NASD app but it never worked. Does anyone know why, please?

Through the nasd app, you will have to register with one of their accredited brokers.
Should be done within a week, after you can trade

DeRuggedProf:
https://doclib.ngxgroup.com/Financial_NewsDocs/43241_CHAMPION_BREW._PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_MARCH_2025.pdf

6 kobo dividend..

Where is Locotrader?

They have cleared their debts, a substantial increase in cash, OCF is also positive and 500% more than PAT.
I still think it is overvalued on the short and medium time frame

WriteerNg:
⚡European and NATO leaders at the London defense summit without the US.

What future are they trying to secure?
They provoked Russia.
They have been expanding eastward since 1992 yet they are the one still crying of securing their future

AllBlack:
AFCON. is that not the same tournament where referee ended the match at 85 mins in The match between Mali and Tunisia?

"Former Manchester United defender, Rio Ferdinand has said the Africa Cup Of Nations(AFCON) needs to be given the same prestige as the likes of the World Cup and other major trophy tournament."

Yeah someone should put PRESTIGE in a box and hand it to us. Hello, prestige is EARNED and not GIVEN. Whenever we start taking ourselves seriously in Africa, the world will know but for now, we are still jonsing.

KarlTom:
UNITY!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/43170_UNITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

This is 2023 financial report and not 2024. Ii expect them to declare profit in 2024. The 62b loss was main from 50b forex exchange loss.

KarlTom:
UNITY!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/43170_UNITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

Interesting.
A 62b naira loss after tax when all other banks are declaring profits.
It's well

ositadima1:
Now, I bet you’ve never heard much about geothermal energy. Cold climates like parts of Canada, Alaska, Sweden, and Norway use it. In fact, the lower the temperature, the better. Read up on it.

Regarding the issue of energy storage at night, many technologies are being updated. We have wind energy, which performs well at night when tidal currents are strongest. Some places even use massive sand silos as thermal batteries—during the day, they heat the sand to extremely high temperatures, and at night, they pass water through it to generate steam and recover energy.

There are also man-made water reservoirs. During the day, water is pumped up to these reservoirs, and at night, it is released to turn turbines. Another method involves lifting heavy concrete blocks—these weights are raised during the day and dropped at night, effectively converting potential energy into electricity.

So much is happening. Do you think Oyibo is happy giving away money, especially to Arab countries? They are working day and night on solutions. One day, a major breakthrough will come. Do you know how long they worked on GSM technology? Do you think it just happened overnight? Eventually, they made it market-viable.

Anyway, I’m done derailing.

Nice points.
I read an article about isreal/mossad being the brain behind moving away from oil in a bid to weaken the Arab nations. It was never about Africa at all but a need to drastically reduce the huge excessive amount Arab nations have as disposable income to finance a lot of terror groups and resistance groups like Hamas, Hezbollah that are a big pain in the ass to isreal. Iran, Qatar, Saudi etc have enough money they use in sponsoring these cells to wipe off isreal.
So after years of fighting back, they realized they best and effective way is to neutralize the source of income of these countries which is Oil.
Remove oil and most of these countries will be so busy trying to manage their own economies rather than thinking of financing external bodies but man proposes, God disposes.
When they were making this plan, they didn't see China coming. The Chinese factor was not taken into equation. They thought they have a perfect-proof plan.
Now, china has hijacked the EV industry from them, even the oil industry they want to fall back on, china is massively buying off many oil companies so they are literally fvvvcked.

chimex38:
EV cars without charging outlets..

Even the current CNG needs infrastructure to buy the populace interest..

I wonder how the gas is filled.
I learnt lifting 1 of such cylinders na night mare
Takes the entire car occupant

What's that story of Malaysia banning CNG and returning to Petrol due to hazard or so..(even though both Na fossil)

Germany of all countries who are the super powers of renewable energy in Europe could not practicalize what they sanctioned-Ban on Russian oil.
Na them still import the oil pass to power their industries despite their solar advocacy and consumption.

Most solar related products are like the Android-Go OS Version of main android OS
Or rather the Browser Lite version of main browsers

They can't realy compare to heavy load requirements of their counterparts without efficiency being affected.

How about the Solar functionality during winter season of 3-5months in these western and European countries?
Moon dey sha

Powering precision industrial equipments 24/7, not to mention 3-phase motors without redundancy and high initial starting capacity?


Fossil till take over, well into the next generation ..

Lol.
There will always be demand for oil but it will keep dropping.
If the world used 1 million barrels of oil last year as example, with 1 out of 4 cars been EV, it means demand will like drop to 800 thousand barrels and the more EV eats into oil driven cars, the lower the demands.
The medium to long term fundamentals of oil doesn't look encouraging.
Any oil stock I am holding that the revenue keeps dropping by 5% quarter on quarter for 3 straight quarter, I will sell the stock.
I won't wait until I go down with it.
Though, there is hope for oil sha.
It has to drastically reducing running cost of drilling oil - cost of sales and operating expenses.
The era of extravagant spending, reckless spending and wasteful spending is gradually going.
It cost 15-20k dollars per day to hire an offshore supply vessel, this can be reduced to $5k per day.
Rigs are between $150-200 per day.
Drill ships are around $500k per day
Accomodation barges around $200k per day.
All this have to reduce by 50-75%
Crew salaries will have to go down too. My colleagues earning $250-500 per day in Saudi and Co will have to get used to $50 per day.
In my previous company, barge masters take $1,200-1,500 per day, they will have to get used to $150 per day.
My current company feeding cost for crew is $30 per day per crew. That is around 45-50k per day to feed one person which 1.5m to feed one person times around 16 crew.
To me, that is wastefulness. Abeg how much I take they feed my whole family per month?
I understand this is west standard and not Africa mentality of feeding nor Asians but then, there is too much wastefulness.
And so many other that can bring down the cost of oil to like $20/barrel and #100 per liters fuel at pump station

KarlTom:
There are clear facts. There are dark areas too.
Nothing is certain.

European countries ban the sale of new vehicles. That means they'll have a grace of at least 5years after the deadline before imposition of hefty taxes on vehicles sold in 2035-2040. So we're looking at 2040-2045

Now where do we think those vehicles that are banned will end? (you got it: AFRICA)

I foresee the world powers trying to sanction African leaders to conform to clean energy/reduction in greenhouse emissions etc

We can keep postulating and estimating but I [sadly] don't think whatever will happen is really in our [African] control...

Over and out ✌🏽

Well, since 1 out of every 4 cars produced are EVs and that will grow to 2 out of 4 or 1 out of 2 or 50% of the cars produced will be EVs by 2030, what does it mean?
It means those currently using EV cars will be selling and sending it to Africa as tokunbo in the next 4/5 years for us to buy thereby flooding our market with it.
One of the Tesla's EV brand is about 20/22m, tokunbo will be half of it which is around 10m, something affordable to middle class nigerians.
These middle class nigerians will use it for 5 more years and we will start buying nigeria used in the next 10 years at around 5m today's value. We all know the large number of nigerians that can afford 5m cars now.
About charging - a fully charged Tesla will move from Lagos to Benin before recharging for 30 minutes which means even with one bar charged battery of 5 minutes, I can drive from Lagos to ibafo or sagamu.
I don't need to wait in the charging station for 30 mins to full it and if there is nepa light, I can fully charge it in 24 hours using 440v to 220v charger converter. If I only get a 3-5 hours light per day, it would have given me enough charge bar to drive to work at island from Oshodi and come back.
Some will even pay #3,000 for one bar charging for 5 minutes enough to drive from egbeda to island and come back even if it requires rolling down windows and not use AC to conserve energy.

Panadee:
You have made valid points. One thing I would consider is that 25 years is about a 'generation' away and that may not necessarily affect our local investment decisions in the short to medium term.

Sure, I don't expect it to affect our investment in oil in the short to medium term

KarlTom:
The long run is actually very long...

Well, we will see but from my point of view, it may not be that long.
Have seen things changed from 2000 to 2025. Just 25 years.
From Nokia phones to android/apple, cars in different forms, big tvs / black and white TVs to flat screens/curves/LCD/hd/led etc
Things are moving at a rapid rate

Panadee:
For the foreseeable future, mainly from power plants predominantly powered by fossil fuels.
Boss, in local parlance, crude oil dey your head

I don't think so bro.
Technology is growing so fast now that things are really really changing so fast.
In my city, have seen not less than 10 electric bikes by okada riders now and it is going to keep growing and not slow down.
I have seen a rise in electric Keke napep also.
10 years ago, 1 out of 10 cars produced is electric car but in 2024, 1 out of for cars produced were electric cars and it is growing.
By 2030, 5 years from now, the target will be 3 out of 4 cars.
Cars, bikes and generators are the major users of oil. If these percentage keeps going down, oil demand will keep going down too

olig:
But, where does the electricity come from?

Hydro/Dam, Solar, Wind or gas/oil.
The truth is the demand for oil will keep dropping on the long run

KarlTom:
What happens when [if] you prioritize your current needs?

Prioritizing current needs like a bigger car, apartment, clothes will make you have little left for your future. You will hardly have savings not to talk of investing and little room to maneuver when emergency strikes

GeneralDae:
The biggest threat to oil prices is the possible tariff on China or anything that could affect the Chinese economy.

I think the biggest threat to oil is alternative energy - solar, wind, electric cars, bikes etc.
It will drastically reduce the demand for oil.
Also, it will place oil in a tight corner. If oil rises above the overall running cost of solar for example, consumers will shy away from oil related equipment and if oil drops to a reasonable extent, oil related equipment like cars will become attractive to consumers.
The more the cost of running an Electric car drops - the cost of buying it and cost of changing batteries, the more there will be pressure on oil to reduce in price to be attractive to consumers.
See it like gas, kerosene, wood.
There is a level gas price will get to, people will start shying away from it and start using kerosene stove or woods. If gas drops below kerosene, people will shy away from kerosene to use gas.
That is the faith of oil going forward