₦airaland Forum

bentenny:
😆😆
I laugh in Swahili
The premise that the imposition of the state of emergency and unconstitutional suspension of the governor was a ploy to save Fubara from impeachment is not only preposterous but laughable!


After widespread condemnation esp from rivers state about the unconstitutional actions of the president in suspending the governor and house of assembly members,they have decided as usual to flood the media with new narratives that the president was only trying to protect fubara just to deodorize the illegal actions of the president and to placate the citizens of rivers state!


The same sole administrator that is an ally of Wike?
Some clowns still don't understand that this whole imposition of state of emergency and appointment of an obviously illegal sole administrator was scripted before now to siphon funds from the state for wike in preparation for 2027!

Think btw BAT & wike who’s the sole administrator ultimately loyal to? If he moves mad na bayo go sack am with press release😊

Guestmale:
It's a support.

I made a post yesterday that the governor is the main beneficiary of the SOE; otherwise, impeachment was beckoning, which will lead to chaos because I do not see any court overruling his impeachment, considering the recent Supreme Court judgment that labeled the governor in a bad light.

Is this not a tacit support for the SOE?

crownprince2017:
It's obvious some people just let emotions control their brain, what is the correlation between political crisis in a state and destroying national asset to make a statement, that is unpatriotic behavior. Anybody found doing or supporting that for whatever reason should be killed/jailed.
Because of one yeye local politics some uncivilized tribes felt they can hold the whole country at ransom just because they did not like the man at asovilla.

Yeye people.

IMO, the governor is the biggest beneficiary of this SOE declaration by PBAT—he's been saved from an impending impeachment that would have been impossible for him to vacate in the courts. The Supreme Court's earlier judgment not only referred to him as a despot but also accused him of spending without appropriation, which is an impeachable offense. Hopefully, the era wherein governors directly or covertly support insecurities within their domain for political gains will soon be a thing of the past. This is great for the people, economy, and country, as they now know there will be consequences. As for the suspension, it is subject to legal interpretation, but I do not see how two captains can control one ship, especially when one of them is coming from a military background with actual military powers.

I personally suspect that Reno Omokri may have been recruited by Nuhu Ribadu through Nasir El-Rufai, given the longstanding relationship between Reno and El-Rufai considering their connection to Atiku.😊

Pierocash:
Yes, people return to Supreme Court sir, it is allowed.

Yes, possible, but on what grounds in this instance?

Pierocash:
If I were Fubara, I will return to Supreme Court to challenge the obstruction of the budget presentation by the house of assembly, until New verdict from the supreme Court comes out, I'll not represent it , after all, he has already obeyed the supreme Court order which the house deliberately avoided

How will you get to supreme court? You think it’s a random house somewhere?

Leonardo4:
Then when he has succeeded in eliminating them he increases the fule price at will. Just as he has done in the cement industry

Eliminating, in that context, means selling way below the landing cost of imported petrol, not eliminating imports. It’s a deregulated market; everyone should have access.

Let the competition continue—Dangote should eliminate all these importers by dropping the price to N650. That way, the importers will have no choice but to buy from him until it becomes cheaper to import.

You have made an allegation without citing just one instance that corroborates your allegation. How are you different from the person your article seems to be castigating?

You’ve confirmed the attack, but failed to provide any casualties update; how are we supposed not to believe the other report claiming there are 20 casualties?

Who else got this?

Heffalump:
I think you, and SmartPolician need to understand my point. I'm not seeking validation or to appease anyone. I'm writing from an organic point of view and social order in our society as humans. Why do you think it's very difficult to produce women presidents in countries like Nigeria, USA, China, Russia and a host of others. In these countries, women are considered not good enough, even though there are credible candidates amongst them.

It's a man's world and not woman's! Reason why we need to soften ground by way of encouragement for the humble and submissive ones. In that case, they will not be totally endangered and forgotten.

I do not agree that women are not good enough in the aforementioned countries. If we soften the ground, as you are suggesting, don't you think the overall quality of leadership will be affected? What you are advocating for is technical equality by reducing men's standards, instead of equity, which allows everyone a level playing ground without reducing anyone's standard.

Zionmdde:
Everybody can't be you. I don't view people with the lens of tribalism. What you guys constitute here is very disgusting. I wonder how human beings grow to wish others the worst just because they were born into another tribe different from theirs

How does 'mean tribalistic' imply wishing others bad? How exactly? It's quite obvious you do not know the meaning of the word; otherwise, you wouldn't be parroting such a ridiculous assumption. Please look up the meaning of tribalism

Zionmdde:
If at all you have brains you will understand that I don't do all that tribalism rubbish idiots without common sense do here.
Don't you feel useless when you constitute nuisance in the name of bigotry.
I don't care wherever any idiot is from, may all those who have sworn to deny people of their legal rights die shameful deaths

Everybody is tribalistic. Perhaps you should check the meaning of tribalism!

SheikhMuniru:
I don't think so, I live at boarder area in Ogun State. The rate at which smugglers are smuggling rice through Cotonou, Imeko to Abeokuta is too much. As I am typing this, thousands of cars loaded with rice are heading towards randa, Lanfewa market in Abeokuta. Customs didn't stop them or cease any of their goods

Actually, the Agric Minister said the FG did not carry out any large-scale rice imports. I suspect they’ve lifted the ban on land border imports, as rice seems cheaper around the border areas. By the way, the FG should leave no room for a monopoly in fuel supplies—fuel imports must continue, or we’ll end up with the cement situation. They also need to significantly reduce the import duty on cement, as it's much cheaper compared to local producers, in order to reduce input costs in housing.

How many incumbent governors have lost reelection since BAT took office? There you have it—congrats to Soludo!

Heffalump:
You have your point bro.

Women are not equal to men by any standard, going by natural rule. But to counter your argument, imagine putting some toddlers and adults in a space to compete for a balloon. You'll agree that the toddlers will definitely be outsmarted. Yes, it's often believed that women are the weaker vessels and deserved to be pampered. They came out of men because men were stronger.

However, it's expected that the respect and dignity of men are not to be trampled upon by women, to earn their place favour. It should be that with humility and submissveness, women who are not found wanting should be accorded with special treatment to encourage others. They are certainly not in the same league with their male counterparts.

Maybe because I am yet to have my morning coffee, I can't make sense of your submission. But I think @smartpolitician's position is correct: if you want a seat at the table, you MUST earn it. Otherwise, if it is given to you on a platter, no one will respect you. The women folks must develop thick skin and compete just as their male counterparts.

May God show her mercies; she's done great charity works especially for the less privilege.

PDPdestroyer:
Apt! Exactly what I said yesterday. I won’t be surprised he’s an Obidient

Right! But please we need PDP alive otherwise NG becomes a one-party state

Where are the sellers?

Sheuns:


Someone above said he “heard” the true value of Naira is 1k to a dollar.

Another one said there’s difference between supporting and defending currency value.

All through PDP 16 years and Buhari’s 8 years, I don’t remember anytime I heard that phrase. “Naira finding its true value”

How can a commodity that’s being subsidized find its true value? Think pls how?

ibabz:
Thanking NNPCL for what exactly?

Maybe you should insist on paying 1k plus whenever you’re about to refuel. Even though this reduction is marginal it’s still progress.

CoronaVirusPro:
I doubt if Osun state governor is a living thing.

Dude always reasoning like something that is programmed for comedy.

this is mean 😊

I am not sure most people have read the book. My opinion of what he meant is that the initial intention was not exactly clear, that it was an Igbo. He is of the opinion that it was perhaps for national interest. However, he admitted that during the execution of the coup, it soon had significant Igbo coloration, which was clearly stated.

yMcy56:
ETERNA don vex finish for this market oooo
@48.70!
My DA price is still a bit up from this.

Honeywell @12.60!!
The Substantial shareholding structure as at last FYE was high....
Free float as at then is 14+%......
By now maybe it’s less than 10 self.

what’s behind this eterna rally? Any ideas?

eldoradoxx:
If people who are smart are around Wabara, let him rush to court quickly to upturn the decision suspending him as BOT Chairman. They are planning to use another Court to void all BOT decisions on the ground that he had been suspended as at the time he chaired the BOT decisions.

Sharp movements

Sunrisepebble:
SAHCO @46.80. EPS of N4.56. 10.25x PE
NAHCO @56. EPS of N6.60. 8.5x PE
Using SAHCO's PE on NAHCO, this should be at N70.
I think the market will do its work when dividend is announced

If NAHCO were to trade at the same PE ratio as SAHCO, we can calculate the new share price for NAHCO using the following formula:

New Share Price of NAHCO
=
PE Ratio of SAHCO
×
EPS of NAHCO
New Share Price of NAHCO=PE Ratio of SAHCO×EPS of NAHCO
We know:

PE Ratio of SAHCO = 10.25
EPS of NAHCO = ₦6.60
Now, let's calculate the new share price:

New Share Price of NAHCO
=
10.25
×
6.60
=
67.65
New Share Price of NAHCO=10.25×6.60=67.65
Conclusion:
If NAHCO were to trade at the same PE ratio as SAHCO, its share price would be approximately ₦67.65.

Thanks to ChatGPT

casualobserver:
The problem with people like Najaatu, Amaechi, ElRufai, Obi, etc is this.

You are either a bad judge of character and should not be taken seriously or you are yourself a person of bad character and lacking integrity whose views change based on your fortunes or what you stand to benefit.

Look for the video where she disparaged ElRufai. Now ElRufai is rushing to her defense against Ribadu his wrstswhile bosom friend. Obi is looking for alliance with the same structure of criminality. Amaechi is rubbishing the party and the Buhari he served and sought endorsement as presidential flag bearer. ElRufai we know how he rolls.

Beware of people who move with the direction of the wind. Neither they nor assessment of others can be trusted. An enemy who is consistent has more integrity!

If someone gives a prospective employee a glowing character reference causing you to employ him. Only to turn round and say no that person you hired has no integrity, how would you feel? If that person comes tomorrow to give another prospective employee a reference would you listen to them?

Personally, I don’t vouch for Nigerians. If you ask me for a mechanic or a tailor, plumber etc, I will tell tell you I don’t I know any. If you are close to me and I have someone I will let you know I have someone but he is unreliable, Don’t come to me if he messes up. In the rare case I recommend or vouch for someone, it is because I know them as I know myself and have a long history.

Anywhere belle face people are short term thinkers who are only concerned about immediate interests it’s impossible to be consistent in the long run.

mikeapollo:
The oil and gas sector is not a ''wait-and-get'' sector. It is a capital intensive one with long gestation period. It is also a very volatile sector.
The benefits of govt policy decisions may not reflect immediately.
Some of the benefits of what this current government is doing may not reflect now. It may take several years to materialize. Similarly, some of the improvements we see today are not the handiwork of this current govt.
But the most critical instrument of change in the industry has been the PIA. It has attracted more investors to the sector because of the clear operational and legal frameworks e.g. the establishment of regulators NMDPRA, NUPRC, domestic crude obligation, product pricing, industry dispute resolution etc. are guided by the PIA 2021. And these are some of the major factors that attract investments to the sector.

Okay, let's agree you are right. Which major O&G investments did Buhari attract that are now responsible for the improvements today, because all these agencies have been in existence since September 2021, yet O&P dwindled? What about the security situation?