₦airaland Forum

SonofElElyonRet:
You are complicit by consent then..

Online? Have you seen people who really plant to carryout some dangerous operation coming online to yarn?
The internet is full of pretense. Don't waste too much time on happenings on it.

essentialone1:
Is this Platform still for only stock market?

It is for the stocks market and everything or anything that affects the stocks market.

ProphetUtuocha:
Shhhhh: I bought additional Oando today. I won't talk much!

Please, ProphetUtuocha, always provide some context and updates when you give tips on Oando.
Also, a ''prophet' that disappears from his ''congregation'' for a very long time and then reappears for few seconds only to disappear again would not be a faith-inspiring ''prophet'' to those who may believe his ''ministry''.
Stay put and deliver the message! Abi you dey go to the mountain to fast and pray for more revelations on Oando?

SonofElElyonRet:
No form of threat to the republic should be tolerated. I will not be a party to any conspiracy of silence

Lol
We all say things online that we may not really mean or be able to do or defend in real, physical life.
The internet provides a perfect cover and anonymity for everyone. No one is innocent.

SonofElElyonRet:
I am a Nigerian you shameless secessionist trying to be clever by half!
Ndigbo is the similar term for Arewa or Omo Oduduwa.. not Biafra

Please bro, let us avoid this kind thing.
We may meet ourselves one day and discover that we all are nice, good guys, but might have used wrong or harsh words on each other in the past.
I am neither taking sides nor blaming one for the other.
Peace to all!

crownprince2017:
So it means two wrongs can now make a right?
Destroying national assets is what will bring peace ?

Just think about this analogy, we are neighbors, we now have issues, instead f us to find a way to resolve, I went to go and destroy the transformer that is giving us light.. can you establish a correlation in my acts. Will you blame or the government.

What the $enseless people don't know is, it's the citizen that will suffer the consequences of those useless actions that stup!d people are defending.

I am not saying that destroying national assets is right. I am saying the president should have been more proactive to call the parties to order, especially Wike who is a direct appointee of the president!
If 2 people want to fight and destroy my place, I will talk to both but my power will be used more on the person that is under my direct control. We saw what the president did in the case of Lagos state. Anyone that misbehaved afterwards would have been dealt with.
It is sacrilegious for a minister under the president to be fomenting trouble and destabilizing a state and the president allows it. The only reason a president could allow that is either cluelessness or complicity, or both.
Wike is using his position in govt as leverage to do what he is doing and it is causing problems for the federal govt. if the president allows it, then he has to be blamed for it. Simple.
Wike would not be able to do what he is doing if he is not a minister in the federal govt.

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.

So you have not realized that the whole of Nigeria is an emotional entity? Every section, ethnic group, religious group etc. has become emotional because of allegations, suspicions or perception of injustice, marginalization, oppression, disenfranchisement etc. whether real or imaginary.
Therefore every leader, governor or president must be sensitive to these things and learn from history the best way to make the country live in peace. Late President Yar'dua tried to do that and he gave us some peace for about 15 years or more.
What you call ''local politics'' can have far reaching consequences for a nation e.g. the crisis in the old western region is what led to the collapse of the first republic, and then the Military rule that eventually led to the unfortunate civil war.
The second republic was also truncated because of what you call ''local politics'' and the violence in South western states like Ondo, Oyo etc.
A stitch in time saves nine! Better to find a peaceful way to address that ''local politics'' than allow it to degenerate further!

seunmsg:
I still don’t get how cautioning Wike will remedy the situation in Rivers state. This is a straight fight between the governor and members of the state house of assembly.

The RSHA are fighting for Wike.
Are you not living inside Nigeria? Everybody knows what is happening.

Mpeace:
You do not know what agreement Tinubu had with Wike that made him "deliver" Rivers state in the last election the way he did.
Having delivered in the last elections, be sure that Tinubu will want to retain Wike for the next election inespecially as it concerns Rivers and FCT

He can retain still Wike but curtail his excesses for the peace of the region and the oil and gas industry and the economy at large.
Every president should be able to control his appointee in any matter, unless the president is clueless or complicit.

Bizibi:
If the presidency don't handle this crisis well,we will go back to the days of Peter odilli and obasanjo,wike didn't do well on his part because he has made the whole thing look tribal.....the pipeline bombing is another opportunity for the boys in Creek to do business but things should not escalate further.

God bless you my brother!
The president was enjoying the confusion that Wike was causing in PDP, forgetting that Niger Delta is very volatile and this kind of problem could degenerate into something bigger that could affect the peace of the area as well as serious impact on the economy.
I was shocked to see/hear Wike, a sitting minister appointee of the president say something like ''If you blow oil pipelines, I will blow up the whole of Nigeria.......'' and the president kept quiet, looking on without any serious statement to caution or dissociate his govt from that kind of reckless statement.
Violence is not good, so nobody should be allowed to provoke violence in the Niger Delta.
Late President Yar'Dua and other stakeholders laboured and compromised a lot to give us peace in that region so a power drunk person like Wike should not be allowed to ignite the flames just because of his greed and hunger for power.
Now, all our investments and stocks in the oil and gas sector are at risk now ( Aradel, Seplat, Conoil, Mobil, Oando, etc)

GeneralDae:
Nah, the militants threatened that they would blow up pipelines if the FAAC allocation was kept aside for the Governor until he presents a legal object. This happened before Wike’s interview. Also, Fubara knows what to do if he wants to resolve the problem. You have withdrawn the salaries of those legislators for some time now, you destroyed their building and you just want to go there to present the budget without some back door political resolutions.

The retired chief of naval personnel was a top navy chief during his service years so he would have definitely been close to all state Governors in the Niger Delta. So it’s not out of place to see him take pictures with Wike who was Governor in a key Niger Delta state for the navy.

Fubara's decision to obey the Supreme Court ruling quenched and neutralized the earlier threat by the militants to blow the pipelines after the court ruling. The ruling is more than a month ago but nothing happened immediately after it was given because Fubara accepted to comply and abide by it.
This blow up is a direct response to the signatures gathered for the impeachment and Wike's utterances, insults and threats all of which happened just a few days ago, less than a week ago.
It is very convenient for people to link the pipeline attack to the Court ruling but that is not the case.

GeneralDae:
Wike or no Wike, the moment militants threatened to destroy pipelines as a response to the Supreme Court order, the battle line was drawn.

The supreme court is the law and in a democracy, the president and the entire state acts on their orders. In the eyes of the law, there is nothing to hold Wike responsible for if the militants threatens the state with blowing of pipelines as a response to a decree based on the law. That is war against the state and once that happens, it matters little if the president just calls Wike to order because the court judgement was against Fubara the state Governor not Wike. Suspending Wike’s allies in the house as well is already enough of a statement made to Wike by the president in this case else they would have easily been the ones to take over to Wike’s delight.

You must also understand Fubara is not on record as CSO of the state clearly condemning the threat of the militants against the supreme court order, instead we have him on video telling the youths he would give them the order when the time comes. Also, 12 hours after the pipeline vandalization, the state Governor was yet to release a statement but seem to act non chalantly.

Let us judge fairly considering the broader context and not just because we hate the president.

Fubara said clearly that he will obey the Supreme Court ruling immediately after the ruling was given and he took concrete steps to do that including inviting the Speaker for a meeting and also going to present the budget to the RSHA. What was the reaction and response from Wike's camp? They gathered signatures to impeach the governor.
The attack on the pipeline is not a response or reaction to the Supreme Court ruling because Fubara had said that he will obey fully.
The pipeline attack was a response and reaction to the signatures gathered for the impeachment of Fubara and Wike said nothing will happen and went on to attack a whole Ijaw people! And he was being tolerated by the president. Now, the president has appointed Wike's ally and friend as sole administrator .
Wike said he would blow up Nigeria. That is his handiwork. Such a reckless talk by a minister and the president was looking on and did little or nothing to put him in check for the peace of Rivers and Nigeria

GeneralDae:
The truth is that if the president just watched and allowed the House of Assemblies impeach Fubara, that would have been more problematic.

Also, as a president you don’t cower to those blowing pipelines and issuing threats. You get firm else we are just a banana republic and the state would be surrendering her power to those people whose first response to the Supreme Court order was to threaten to blow the pipelines.

If the sponsors of the militants sense fear as a response to their threat, that’s the end. It would mean they have the power to always threaten or demand more. Other political sponsors would not hesitate to also use the militants against the president.

Tinubu understands these things having been in the political arena in Nigeria for long. To Tinubu, it wasn’t the militants speaking or issuing threats but their political sponsors testing the waters.

The appointment of the retired naval chief to head the state in response is a clear statement.

The president himself is the reason all this is happening. He has been clueless in handling the matter. How could you allow someone you appointed in your govt to go about causing confusion and destabilizing a critical state like Rivers where huge oil revenue comes from?
The president is having a meeting with PANDEF and elders from Rivers State, and then his appointee minister holds a press conference to abuse, insult and even threaten his guests! Which sound president would tolerate that?
The biased Supreme Court ruled that there should be no revenue allocations to Rivers state government. Now let us see if they will allocate funds to this illegal Sole Administrator to run the state for the next 6 months or not.

Willie2015:
Read Seplat Financial Statements during these period....
U will understand why I said it was a normal event...
The end result is that they became better and stronger...
Even built another pipeline route - Amukpe-Escravos pipeline

What you read in Seplat report is the minor vandalization of pipelines by petty oil thieves.
It is not like this large scale attack on a strategic, critical pipeline that just happened. This one will affect the operations of several companies at the same time and oil production will be seriouy affected.

madridguy:
I am waiting for ex governor Fubara boys to come out tomorrow and show their strength.

Is this how you think,?

Their strength is not to fight soldiers. Their strength is to destroy the oil pipelines which will affect the economy seriously, tarnish the image of Nigeria and discourage foreign investors.
Niger Delta is like a glass house. FGN must thread cautiously otherwise all the budget aspirations and economic projections will be messed up bjg time.

Willie2015:
Its always good...
to stick to the purpose of the forum...
Politics may derail the thread ...
Blowing up pipelines ...
Na normal event if you are an active investor ....
back in the days with SEPLAT..on the NSE... No need for any panic
In fact, SEPLAT came out strong with another route.... Amukpe-Escravos pipeline
SEPLAT is about N5000 plus now ...
Those companies in the upstream sector will do just fine....
They are indigenes and can play their cards well..
Any decline is a Strong Buy for me...

How could blowing up of pipelines be normal event? So can we say it should continue since it is a ""normal event"? It will surely affect both upstream and downstream companies because some of the upstream companies operate onshore and in shallow waters where their pipelines are vulnerable to these kind of attacks. This is key reason why Mobil, Shell and ENI divested and sold their onshore assets to Seplat, Rennaisance and Oando respectively.

madridguy:


I give them 2 weeks they go tire.

Some of you don't get it!

It is not about them getting tired . It is about what they can destroy in just one or two days that can have very serious effect on the economy of Nigeria

KarlTom:
Having experienced a drop in oil quota in February, Nigeria seem to be on course for further decline in output.

It's sad that this Trans-Niger Pipeline explosion is what eventually moved the President to act...

When we talk some people would say this forum is not for politics and that we should go to politics forum. But now, politics is what will make or mar a lot of investments in the oil and gas industry and stocks on NGX.
Most oil and gas stocks will likely decline in price as from tomorrow. It will also discourage invemenrs in the sector .
This is what happens when a clueless president allows a power drunk appointee minister to talk and behave recklessly without caution and restraint.
The man said ""nothing will happen if.....""
Enjoy !
Clueless govt.!

Bobodee09:
So he should let them keep bombing pipelines while fubara is doing nothing about it?

Why did the useless president not sack Wike his appointee, but he was quick to sack elected officers of the state?

CommonSense1967:
Fubara played into the hands of Wike thr wicked dictator wanna be.

What do you mean, Fubara is the governor and he is the right man to call the shots

zendi:
l have been focusing on Oando because the negative effect of possible oil glut I'm talking about is on crude oil and crude oil stocks only. Except for Seplat, none of these other companies you mentioned has upstream operations quoted on the Ngx, as to be relevant to my topic. All of them are downstream stocks on NGX, which are actually impacted positively in periods of oil glut. And of Oando and Seplat which are upstream and quoted, Oando is the one I'm well acquainted with, having been trading in it at my capacity from the beginning of it's upstream story to this moment. I have never bought a single share of Seplat.

I know you're a heavy staker in Oando, but other people have equally had their own experiences with the stock at their own level, some probably starting even long
before you.

Yet, again, impossible is nothing.
And it could well be that you are actually the Wale, masquerading here as Mikeapollo, in which case I hail.

NB/ Besides, some of these multinationals you mentioned are also into shale production in their home country, in addition to their conventional production, and would not have been exposed to the same things Oando suffered during the shale boom.

Lol You may be 100 percent right. But my concern is to ensure a more balanced argument or discuss, and not because of any personal interest in Oando or any stocks Everybody here knows the terrible past of Oandio and anything can still happen, bad or good.
Catch your cruise

Tightpussy2024:
Until you are resting in your house and see an AI generated video of you raping a goat, spreading on the internet,you will know the reason behind this act

So what would you do if a blogger in Uganda or Zimbabwe posts the video? Would you go there to arrest or due him .
A law by a single country like Nigeria cannot achieve much in this regard. It has to be a global law that would force the internet stakeholders to enforce it globally

Nice2023:
"A man without assets is a man without leverage.

Before 35, you need to stop living like time is on your side. It isn’t. Every year wasted is a year you don’t get back. Owning a car and land isn’t about luxury....it’s about control. Control over your mobility, your options, and your future.

Here’s the game plan:

1. Master a High-Income Skill – Forget chasing quick cash. Learn a skill that will pay you consistently, whether it’s sales, coding, trading, or business. Money follows skill.

2. Control Your Expenses – Stop flexing for people who don’t care. Cut out useless spending, overpriced trends, and social validation that does nothing for your future. Every unnecessary dollar spent is a dollar stolen from your dreams.

3. Build Credit & Save Ruthlessly – Use credit wisely, not recklessly. Stack your savings like your life depends on it, because it does. A land deposit today is wealth tomorrow.

4. Make Money Work for You – Invest. Whether it’s real estate, stocks, crypto, or a side hustle, put your money in places where it grows while you sleep.

5. Move in Silence, Win in Private – Announce nothing, just execute. Let them see your success, not your struggle.

Why? Because past 35, life doesn’t get easier....it gets realer. Your value as a man is tied to what you build, not what you fantasize about. A man with assets moves differently. He doesn’t beg, he negotiates. He doesn’t wait for opportunities, he creates them.

Start now. The future is coming whether you're ready or not."

So you are now God that gives timeline and age to when someone should or can achieve something in life.
God's time is the best for each person.

Ushman333:
Very good, if we don't regulating bloggers they will ignite Nigeria on fire, even bloggers must be responsible and accountable for their actions.

Do you control the internet?
How would they control a blogger based in Ghana or Kenya? Or a Nigerian blogger that is based in US or South Africa?

Are these people serious?
So they want a UK or US - based blogger (for instance), to open physical offices in Nigeria so that they could harass them when they expose their corrupt and nefarious activities. Shame!
It wont happen. The internet is a ''virtual'' space.

KarlTom:
Explosion on Trans-Niger Pipeline.

Operated by NNPC/Renaissance JV...

Wow.!
I hope they are able to salvage and restore it soonest.
Aradel shareholders must not suffer for this!

zendi:
Okay, this my remark is to the entire house.

Thank God somebody who remembered the price history has spoken.
The oil price crash did not affect only Oando.
It equally affected Seplat.
Therefore was not Wale's bad management according to Street.
So what caused the price crash?
The answer is simple, Oil Glut.
But what caused the oil glut at that time.?

That is the hanging question.
The experience(s) of history help one to be prepared for the future.

Oil glut and crash in price usually happens when there is relative peace in global geopolitics.
Right now, both the Middle East (Israel, Iran, Syria, Yemen) and eastern Europe (Russia, Ukraine) are very unstable and volatile. Venezuela is also not very stable. Hence, it may take sometime for oil price to crash drastically.
And Trump's attitude and temperament may even trigger more conflicts and make things worse!

zendi:
Yes, break down of ceasefire.
Resumption of Gaza hostilities.
America-Houthi hostilities.
All Bullish on oil prices, for only God knows how long.

In one post in the last few days I described crude oil as the most fickle, therefore unpredictable commodity traded. commodity traded. If oil price sets out from Benin City for Auchi, it will be a miracle if something doesn't happen to divert it at Uromi to start heading to Onitsha thro Agbor.

Which doesn't contradict my central argument that Trump is the most Oil Industry friendly President of recent American history. Also that barring all these unforseen developments, and in view America's recent Energy supremacy through Shale revolution, this new Trump era will be bearish on global oil price.

Go and and ask Wale why in desperate search for a Refinery, having experienced Trump bear (oil) before.

Oando might want to build a refinery because it aligns with their business plan. Aradel also has a refinery.
Oando had also shown interest in building an oil refinery since the mid/late 2000s, long before Trump contested to become US president. It is not something they just decided to have because of Trump.
You may have good point but it baffles me how all you say is hinged on Oando's past performance or experience alone, without even mentioning other players in the industry to support your point. There was/is Seplat, Mobil, Total, Shell, Chevron, Texaco (now MRS) etc

bixton:
Let's just pray it doesn't get to that.
There are strategies to silence these fellows. The days areong gone and lost whenever any group goes ahead to blow up pipelines.

The FG will not suffer oOoOO. They have money statched up well for themselves. It's the States that will suffered immensely and at what cost......

Dead bodies will only surround the grounds be it of the military men sent to restore order, agitators who are blowing pipelines and civilians will become casualties.

Villages will be blown off, the water ways will not be safe for anyone.
There are certain unimaginable things that come up.
Houses people have used money to build will be destroyed.......
A lot of people will be targets oOoOO.

So ask yourself: who is the cause of all these, if not the useless and power hungry Wike? And the TPain of a president is allowing him because he wants to win Rivers state.
The FGN will suffer too . I am not referring to individuals, but govt machinery will be badly affected (the whole budget and economic programmes will be in tatters)

Urgent1Million:
They should investigate well before they tie it to the ingoing crises.
It's most likely an accident.

Good!
Many ''accidents'' would continue to happen! Until they understand how to prevent or avoid the ''accidents''

plumcomm:
how old were you when obasanjo was president?,maybe you should ask your father what obasanjo did to the ijaw people of Odi.dont just come online and post ignorant post of what your elders should have tought you at home.that was how you posted on the other thread that obasanjo increased wage from 250 to 3000,you learn from cyber space and don’t brandish misinformed life and think you are lit.

Obasanjo destroyed Odi, but he could not overcome the militants because they were spread across everywhere in Niger Delta. It was Yar'dua that brought peace when he implemented the amnesty programme.
The Niger Delta is a delicate terrain. You cannot just rely on military force to have your way. It is like living in a glass house; you cannot apply all the aggression otherwise you destroy everything and the FGN will lose terribly.
The oil companies and their workers would stop work when the environment heats up and the country's finances will be affected seriously. And the military cannot deploy to protect all oil workers in all their locations.

Igeme:
These boys are daring the federal might

Which useless federal might be that? The same might that has been struggling with Boko Haram for more than a decade? They could not overcome the crisis in Niger Delta until late President Yar'dua implemented the amnesty programme.
The Supreme Court was very stupid and biased to rule that a state (and people on the land that produce the oil should be denied allocation from oil revenue because of local govt elections.
If problem bursts in Rivers state on a full scale (I pray it does not), it will affect everybody badly, including the state and FGN.
The FGN should rather call Wike the idiot and his thugs (in the house of assembly) to order and allow peace to reign in Rivers.