₦airaland Forum

zendi:
The President is the Minister for Petroleum.
It is a retained portfolio, by discretion of the President.

Buhari did too.

The Minister of State, Lokpobiri, not Kyari, is his deputy in the Ministry.
The Minister of State is also called the Junior Minister.
There is one or two in every Ministry.

chimex38:
OK.. maybe I should've used obliged instead of forced.
(But that's how I perceive executive orders just as Trump is doing ).
Nothing personal.

The PIA might have provided for the DCSO as you stated to sell quotas to local refinery.
But the currency of transaction of crude-sale was changed to Naira by PBAT.
It was in the news then.
My emphasis is on the use of the Naira for local transaction rather than the usual Dollar 💵

Emir01:
SHut up............... tell your papa to gate-crashed like TInubu. Tinubu has done well in Oil sector.

chimex38:
The debt no be here Oo .
Plus Most of the Oil Companies are forced to sell a percentage to local refineries in dollars Naira) by PBAT executive act.
Unless probably their debts are restructured for long term.
I think they will have to come to the market.

KarlTom:
ETERNA appoints Mr. Olumide Adeosun as CEO exactly a week to their BM.
I hope he can transform them into an integrated energy company...

unite4real:
are you able to read anything on the tables?

reports so blurry

essentialone:
Buy, Hold, or Sell?

Princkez:
watch out for institutional investors to take up remaining 3b units @#100 and cash realised to be distributed as special dividend to shareholders...#10 per share, When and how ...I don't know ooo

KarlTom:
No sir!

ALL 4,279,042,282 units are to be distributed within 36months

ojeysky:
And that 36 months is for 1st tranche, by the time they do the next tranche events would have overtaken the stuff. Wonderful!

Sunrisepebble:
I dont really see much in the news tbh
The distribution ratio is not that attractive to me. Unless they're changing it in the second tranche

Panadee:
Dem try sha. This is the new form of dividend. A JIJO-ending development for now, I think.
Their share price should be relatively stable in the short to medium-term

SonofElElyonRet:
Geregu result and dividend out.. for those interested

SonofElElyonRet:
In fairness to loco, he made the call when it was N1.93 roughly.. it's gone up and we still have the remainder of 2025 to see if Chams will do wonders...

essentialone:
*If someone is not replying to your chats or messages, just message the person, "Send your Account Number". You will be surprised the total number of nonsense people we have in Nigeria.*

crownprince2017:
I don't need to sell to buy more ellahlakes, I still have extra funds doing nothing in my wallet, if ellahlakes come within my killing zone, I will surely add more.

I know the potential of oil on the street, the ones I bought for storage return over 100% the funds is currently in my wallet.

You will run after ellahlakes at #50 when the time is right bro....

You can see that some of us are not saying anything about the company, we want you guys to help us depress the price so that we can accumulate..

Pls help us badmouth it, help our ministry..

ositadima1:
USA wants to increase local production of its goods. Many feel that the country is too dependent on foreign products, forgetting that there was a reason those factories moved overseas—mostly to China. Another goal is to boost domestic oil and gas production, but it will take a few years for the U.S. to become competitive in that sector as well.

Trump is betting on the thesis that the world needs USA more than USA needs the world. I think he is wrong, but time will tell.