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Honeric01's Posts

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SportsRe: Official NPFL Thread. (nigerian Professional Football League) by honeric01(mod): 3:10pm On Oct 28, 2014
Iceathome:
On a fair note, dolphin will not beat Enyimba tomorrow becos enyimba knows the risk losing to dolphin...Remember, we still have FA cup finals with them. 2-1 in favour of Enyimba.




.honeric01 post=27519225]I am a Dolrphain's fan tomorrow grin
Na una dey encourage corruption for the league.
GamingRe: FIFA 15 Nigeria Fan Thread by honeric01(m): 3:09pm On Oct 28, 2014
dhayveed:
i was talking of rebounds from corners and stuff... those situations when u play a corner and thr ball isn't complety cleared and it falls unto ur player at the edge of the penalty box. And shots from such angles,if it avoids a deflection from the players in the box,the keeper mysteriosly saves the shot without breaking a sweat...nd mehn dat thing dy pain person o,u gp think say as u wipe dat shot so,nothing fit stop am,nd d keeper angry will Not even parry but catch it with both hands
They frustrate me more in fifa 15 than 14, more of my shots went in in 14 unlike now that they block 90% of it.
SportsRe: Who Do You Think Will Win The Glo Nigeria Premier League 2013/2014 Season? by honeric01(mod): 3:07pm On Oct 28, 2014
robosky02:
ok we are watching head or tail they will be at the continent

then we will see them indeed make naija proud.
And when last did the other representatives do anything meaningful on the continent abi na only Kano pillars una dey see?
SportsRe: Official NPFL Thread. (nigerian Professional Football League) by honeric01(mod): 3:05pm On Oct 28, 2014
robosky02:
the game is do for me i do for you


if eyimba win tomoro

then they win the league


and then dolphine wins the FA cup and goes continental


end of discusiion
So you guys are planning to rig the league? you see why the league won't grow?
GamingRe: FIFA 15 Nigeria Fan Thread by honeric01(m): 2:13pm On Oct 28, 2014
dhayveed:
i dont get u undecided
Probability of taking shot has reduced, they block your shots easily now
GamingRe: FIFA 15 Nigeria Fan Thread by honeric01(m): 2:04pm On Oct 28, 2014
dhayveed:
Some improvements or differences i noticed are..the probability of scoring from long range is higher in 15 compared to 14,also,dribbling and players body movement and agility is more realistic unlike in 14 where dispossesing an opponent was easier.also,solo attacks are more productive unlike in 14 where the game always wants you to pass the ball..passing is more accurate and faster whc reduces the chances of intercrption...My opinion.. Fifa on PS4.
Higher or lower?
GamingRe: FIFA 15 Nigeria Fan Thread by honeric01(m): 2:04pm On Oct 28, 2014
chrislu:
please how do I locate ur office and how much will it cost me?
2k, our office address is on our website showing on my profile.
GamingRe: FIFA 15 Nigeria Fan Thread by honeric01(m): 1:01pm On Oct 28, 2014
The game play is emotionally frustrating, it gets on your nerves, sometimes i just quit just to reduce the anger.

Players doing something else based on their "ability", if you're slow in the game, you're slow, if you can't jump, you can't no matter how close to the ball you are.

Sometimes, i replay one particular game 5 times before winning because it seems there are some games computer wouldn't want you to win no matter how you try.
GamingRe: FIFA 15 Nigeria Fan Thread by honeric01(m): 12:57pm On Oct 28, 2014
chrislu:
Please who knows where I can buy the Fifa15 cd for Pc in lagos?
Come to our office and get the original fifa 15 file for your pc (come with a token). remember its 9.46Gb.
PoliticsRe: Kwankwaso Declares by honeric01(m): 12:54pm On Oct 28, 2014
Ibnsultan:
Official: Speaker of HOR, Alhaji Aminu Tambuwal decamps to the APC @ the floor of the house"
To vie for the governorship position in Sokoto.

Hope is rising, better people are coming up gradually.
PoliticsRe: Kwankwaso Declares by honeric01(m): 12:53pm On Oct 28, 2014
ibnsultan:
Buhari, kwankwaso, Sam or Atiku, it matters not who emerges as APC flab-bearer. The truth is, either of them is better as Nigeria's leader"
Please remove Atiku from your list, we know he's even better than Jonathan even though he's the least qualified among those contesting under APC.
SportsRe: Official NPFL Thread. (nigerian Professional Football League) by honeric01(mod): 12:33pm On Oct 28, 2014
Razi1:
we wud see about dat
I will [b]also [/b]dash you N5k to recharge your phone if Enyimba beat Dolphins tomorrow cheesy
PoliticsRe: Kwankwaso Declares by honeric01(m): 12:32pm On Oct 28, 2014
How come Buhari is being discussed more than the owner of this thread? is Buhari this popular even among his "religious, political and moral enemies? huh grin
SportsRe: Official NPFL Thread. (nigerian Professional Football League) by honeric01(mod): 11:58am On Oct 28, 2014
blank:
Definitely not a fan of yours tomorrow. angry
Hahahahaha, Sorry Enyimba FC Fan, but Dolphin's going to win tomorrow by 3:1 cheesy
SportsRe: Official NPFL Thread. (nigerian Professional Football League) by honeric01(mod): 11:46am On Oct 28, 2014
I am a Dolphin's fan tomorrow grin
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 8:08pm On Oct 27, 2014
atlwireles:
The only thing that needs completion is a withdrawal of your certificate. Sorry, your ignorance is appalling.
Try completing what you started rather than resorting to insults. Show you are educated na.km
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 5:35pm On Oct 27, 2014
atlwireles:
cheesy cheesy cheesy cheesy cheesy whoa, you really thing you are saying something here undecided
You have been talking since na, how come you're running from this question? complete what you started na. haba, you Harvard graduate, educate the so called diploma student.
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 5:29pm On Oct 27, 2014
atlwireles:
I'm done with you., this joke has gone too far
Don't run away na. the 55% equity, was it removed from the gross oil earnings or what since you brought it into the equation?
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 5:04pm On Oct 27, 2014
atlwireles:
With all due respect mister, you should return, your fake diploma back to whatever institution gave it to you. This is too sad to watch.
Okay, lets assume i got a fake diploma from the institution the PDP led govt funded, can you please educate me on the questions i asked you based on your own statements? huh cheesy

PapiWata:
Chai Diariz God o. Too sad to watch a fake diploma holder attempting to communicate.
Since you understood him perfectly, kindly help him explain to me what he meant with the aforementioned.
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 4:35pm On Oct 27, 2014
atlwireles:
You are a joke!!! a serious joke. A man that would not do a simple computation, after explaining to you for almost three hours. Instead of you to be graceful, you are displaying your silly alamjiri madness. I thank God people like you will remain in your APC forever. shocked shocked shocked shocked shocked
I do not have time for cheap noise, just answer the questions i am asking you based on your own statements, is the 55% from the gross earnings (Oil) or what?

At least explain what this means since you posted it .."1974 Second Participation Agreement, Federal Government increases equity to 55%.
Elf formally changed its name from "Safrap" Ashland's first oil discovery at Ossu –I"

I am interested in knowing the effect of this on the N6. 060. 6B gross oil earnings in 1977
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 4:19pm On Oct 27, 2014
atlwireles:
I did not tell you 55% was saved undecided,I SAID N6,080B WAS NIGERIA'S 55% SHARE, AS STATED IN THE 1977 BUDGET, BASED ON THE 1974 SHARING FORMULA.

Petroleum production and export play a dominant role in Nigeria's economy and account for about 90% of her gross earnings. This dominant role has pushed agriculture, the traditional mainstay of the economy, from the early fifties and sixties, to the background.

Major Events in the history of the Nigerian Oil and Gas
1908
Nigerian Bitumen Co. & British Colonial Petroleum commenced operations around Okitipupa.

1938
Shell D' Arcy granted Exploration license to prospect for oil throughout Nigeria.

1955
Mobil Oil Corporation started operations in Nigeria.

1956
First successful well drilled at Oloibiri by Shell D'Arcy

1956
Changed name to Shell-BP Petroleum Development Company of Nigeria Limited.

1958
First shipment of oil from Nigeria.

1961
Shell's Bonny Terminal was commissioned.
Texaco Overseas started operations in Nigeria.

1962
Elf started operations in Nigeria. (As Safrap)
Nigeria Agip Oil Company started operations in Nigeria

1963
Elf discovered Obagi field and Ubata gas field
Gulf's first production

1965
Agip found its first oil at Ebocha
Phillips Oil Company started operations in Bendel State

1966
Elf started production in Rivers State with 12,000 b/d

1967
Phillips drilled its first well (Dry) at Osari –I
Phillips first oil discovery at Gilli-Gilli -I

1968
Mobil Producing Nigeria Limited) was formed.
Gulf's Terminal at Escravos was commissioned

1970
Mobil started production from 4 wells at Idoho Field
Agip started production
Department of Petroleum Resources Inspectorate started.

1971
Shell's Forcados Terminal Commissioned
Mobil's terminal at Qua Iboe commissioned

1973
First Participation Agreement; Federal Government acquires 35% shares in the Oil Companies
Ashland started PSC with then NNOC (NNPC)
Pan Ocean Corporation drilled its first discovery well at Ogharefe –I

1974
Second Participation Agreement, Federal Government increases equity to 55%.
Elf formally changed its name from "Safrap"
Ashland's first oil discovery at Ossu –I


1975
First Oil lifting from Brass Terminal by Agip
DPR upgraded to Ministry of Petroleum Resources

1976
MPE renamed Ministry of Petroleum Resources (MPR)
Pan Ocean commenced production via Shell-BP's pipeline at a rate of 10,800 b/d

1977
Government established Nigerian National Petroleum Corporation (NNPC) by Decree 33, (NNOC & MPR extinguished).

1979
Third Participation Agreement (throughout NNPC) increases equity to 60%
Fourth Participation Agreement; BP's shareholding nationalised, leaving NNPC with 80% equity and Shell 20% in the joint Venture.
Changed name to Shell Petroleum Development Company of Nigeria (SPDC)

1984
Agreement consolidating NNPC/Shel1 joint Venture.

1986
Signing of Memorandum of Understanding (MOU)

1989
Fifth Participation Agreement; (NNPC=60%, Shell = 30%, Elf=5%, Agip=5%).

1991
Signing of Memorandum of Understanding & joint Venture Operating Agreement (JOA)

1993
Production Sharing Contracts signed -SNEPCO
Sixth Participation Agreement; (NNPC=55%, Shell=30%, Elf= 10%, Agip=5%).
The coming on-stream of Elf's Odudu blend, offshore OML 100.

1995
SNEPCO starts drilling first Exploration well.
NLNG's Final Investment Decision taken

1999
NLNG's First shipment of Gas out of Bonny Terminal.

2000
NPDC/NAOC Service Contract signed

2001
Production of Okono offshore field.

2002
New PSCs agreement signed.
Liberalisation of the downstream oil sector.
NNPC commences retail outlet scheme

http://www.nnpcgroup.com/NNPCBusiness/BusinessInformation/OilGasinNigeria/IndustryHistory.aspx
After all said and done, did the 55% (bla bla bla) change the earnings (Gross) from N6,060.6B to whatever you said it was? was this 55% taken out of the N6.080.6B we earned as (Gross)? or how did you arrive at $14B and recently $19B? grin huh
SportsRe: Who Do You Think Will Win The Glo Nigeria Premier League 2013/2014 Season? by honeric01(mod): 3:57pm On Oct 27, 2014
blank:
My Enyimba will not lose to Dolphins. No way.
Sentiments don't play football o lol, the legs do... Dolphins is home and also need the game to qualify to any of the continental competition. grin
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 3:53pm On Oct 27, 2014
atlwireles:
Your question is clearly and fully answered on budget table.
which is 8,042.4B in total and Oil (Gross) was 6,080.6B which represents 75% of the revenue.

Now tell us, the 55% you said was saved from the oil revenue, is it within the 6.080.6B or what? this is the question you still do not want to answer.
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 3:27pm On Oct 27, 2014
atlwireles:
What are you talking about? Did you even read the link? On that same link, you can clearly see, the government spent N8,823B in 1977 and Nigeria ran a deficit of N781M, which was 8.9% of the budget. The government's total revenue was also N8,042B.

Now use the numbers to answer your questions, if oil was 75.69% of government revenue.
Did you also read the quote i quoted from the links i sent to you which says oil was 75% of the revenue in 1977?

How much was the total revenue made in 1977 and what % of it was oil?

In your link, how much was made in total in 1977 from all angles?
SportsRe: Who Do You Think Will Win The Glo Nigeria Premier League 2013/2014 Season? by honeric01(mod): 2:51pm On Oct 27, 2014
robosky02:
to be sincere am bored with Kano pillars

cos at the continent they dont go pass the first round

nigerian champion?

any way lets wait fot the decider in aba
Just because they didn't go pass first round last season, you are now using this to judge them? why didn't the second place win the cup if it's that easy?

I believe you were around about 3-4 seasons ago when they got to the Semis in the processing beating Al-haly at home and drawing them away in Cairo. (2-2)
SportsRe: Official NPFL Thread. (nigerian Professional Football League) by honeric01(mod): 2:49pm On Oct 27, 2014
OdenigboAroli:
Our league is very competitive but we are still lacking in the area of sponsorship and organization.
We are waiting for people like you to come sponsor the league.
PoliticsRe: Fashola For President In 2019? by honeric01(m): 2:37pm On Oct 27, 2014
mikeansy:
What has the names of the coupist got to do with anything?

Please which bit is a lie?

1. That there was a 1979 constitution?
2. That the 1979 constitution provided for democratic means to remove the then civilian administration?
3.that coup was not recognised by the constitution as a means to remove the government and hence is criminal?
4.that Buhari emerged head of state after the government was criminally removed?
5. That the wilful possession of criminal property is not a crime?
6. That Buhari being that he was not the most senior officer at the time would have emerged because he was complicit in the coup?

Which bit is a lie?

Buhari is a criminal and a common thief!
Why not just do the needful like a learned person and not a beer parlor customer by listing the names of the coupists? we know those who masterminded the coup and how Buhari came to be the HOS at that period, but then people like you prefer the backdoor, love to erode truth with lies.

If he's a criminal like you want us to believe, why is he still walking free despite being in the opposition since 1999? huh
PoliticsRe: Fashola For President In 2019? by honeric01(m): 2:15pm On Oct 27, 2014
mikeansy:
He stole power!

Ignorant Nigerians or Africans jubilated when ever there was a coup but that is not to say it was not theft!

The law and the 1979 constitution provided for how the government can be removed. Coup de tat was not one of them!

Therefore Buhari stole power using guns, it don't matter who was jubilating!

The armed robber Aninih in The old Bendel in those days also had fans. To this day thieves, gangsters and terrorists also have fans.
You can keep repeating lies, it won't make it the truth, do you know those who participated in the coup? if you do, can you please send us a link to their names? at least we know of those who took out Murtala and co. help us with the names of the coup plotters with verifiable links.
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m):
atlwireles:
Here is the table from the link.
Is this what you are looking for?

Total Gross %
1977 : 8,042.4B 6,080.6B 75.69


6, 080.6 B was the gross and made up 75% of the budget for the year 1977 no?

The net earning is expected to even be lower than the 6 , 080. 6B, no?

Having said that, are you saying 55% of the 6.080.6B was saved and was not included in the budget for the year or?

http://transformationwatch.com/2013/10/06/nigerias-financing-pattern-before-and-after-independence-north-did-not-build-the-oil-industry-shell-and-the-fg-did/
http://www.mongabay.com/history/nigeria/nigeria-demographic_factors_and_the_defense_budget.html
http://en.wikipedia.org/wiki/Nigerian_National_Petroleum_Corporation
http://www.budgetoffice.gov.ng/revenue.html
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 1:49pm On Oct 27, 2014
atlwireles:
Because I want you, to actually read and not follow blindly. As, you have done on this thread.

http://www.academia.edu/222415/NIGERIAN_BUDGETING_PROCESS_AND_THE_MAGNITUDE_OF_BUDGET_VARIANCES
I have and i can't find the relationship between how much we made in 1977 from oil and how we kept 55% of the earnings. what exactly does that have to do with it?

Okay, let me understand you, we made N7B + in 1977 and kept 55% of the N7B that same year which is about N3.95B, so how did that change the amount we made in 1977 from oil?
PoliticsRe: N2.8M Missing, 53 Suitcases Saga: BUHARI Clears The Air! by honeric01(m): 1:41pm On Oct 27, 2014
atlwireles:
Did you see the table with oil revenues, for 1977? If that N6,080 equals 55% of the earnings, what is 100%? I hope you can put your education to good use here.
Why not quote the part that stated this rather than ask if i saw it?

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