₦airaland Forum

Bigkelvo:
Make Israel day mumu them self me know say them just need American support to attack Iran because Israel alone can never win Iran in war😎 them never born them well

How many wars has Iran fought in their lifetime?
How many military/war inventions and innovations do they have?
Israel has had nuclear weapons long before Iran started

God1000:
https://edition.cnn.com/2024/10/15/politics/israel-iran-military-oil-nuclear-sites/index

Why worry about what Israel would target when they decide to attack Iran?

Iran decided on its own to attack targets in Israel in the manner they wanted. Israel too has the right to pick whatever target(s) in Iran and attack how they want accordingly.
The international community should stop complaining or tying the hands of Israel when it is Israel's turn to respond.

yMcy56:
ARADEL
Lots of profit taking in market......
Though some are also buying
Think it's better to exercise caution and see the direction first ......
NGX is not NASDAQ.....

ARADEL making OANDO to be super cheap....
Even if we do short cut calculations, OANDO is still very cheap.
800÷3 =N267---- i.e. (12bn ÷ 4bn = 3) 😁

Aradel and Seplat's prices will surely have some ''contagion effect'' on Oando.
All that is required is for Oando to post some decent profit for HY2024 when results come out on Oct 23rd.

godlyguy:
Aradel might join Oando in MH just that aradel has good reputation

Be wise

If a person is not a ''monkey'', then why worry and bother about somebody doing ''monkey hunting'' (MH)?
This is funny.
Very soon, every company that is in the news, no matter how positive or progressive, would be accused of ''monkey hunting'' just to satisfy the whims and caprices of some people.
Oando, Seplat, Aradel and other oil and gas upstream companies will be in the news for sometime to come because the IOCs are divesting away from Nigeria and selling their oil assets to these local companies.

CoronaVirusPro:
🤣🤣🤣🤣

Same excuses in different formats.

Hamas was hiding among civilians, Hezebollah stocking weapons in homes of civilians UNRWA assisting Hamas, and now it’s a tunnel under UN.

Morafvckin Jews will always give excuses for their genocide!

Anyways, Fvck Israel!

What Arabs have done and still want and attempted to do to the Israelis is what the Israelis are doing to them

LegendHero:
Lol, Israel don run out of propaganda.

So Hezbollah no see any other place to build tunnel na under UN troop base them go go build am?

Senseless, blind talk.
Why don't you go to Lebanon-Israeli border and gather your own evidence to disprove and contradict what has been reported by eyewitness journalists!
Have you heard the UN deny the story that Hezbollah tunnels run underneath and close to the UN post?

TruthU87:
This video captures the horrific conditions faced by displaced people in Gaza, where civilians, including women and children, are trapped under relentless bombardment.

Viewers discretion: https://x.com/GazaMartyrs/status/1845621342508310798?t=Y4GsTU7FkCqE2To1NhpMEw&s=19

2: viewers discretion: A patient cries for help while being burned alive.

To the world who turned a cold shoulder, Gazan people burned alive in their tents tonight. pic.twitter.com/L0ylGNzHA1

— TIMES OF GAZA (@Timesofgaza) October 13, 2024

Zionism is Racism

You can publish and say what you like.
The whole world are witnesses to what Europeans, Arabs, Jews, Christians, Judaist and Muslims and Atheists etc have done! Slave Trade was perpetrated by all Europeans, Arabs, Jews, Christians, Muslims etc. with the exception of none

oluwaseyi0:
If the government pull this down before now they will claim witch hunt or wicked government

Why didn't you ask first if the same govt had issued an approval or permit for the collapsed building?

Zeebuy:
Only fools expected dangote refinery to reduce price of fuel, and Nigeria seems to have an over-abundance of fools

The PMS from Dangote Refinery is only expensive because we have a useless govt and a ciorrupt NNPC that manipulated things so much so that Dangote fuel has to be as expensive as the imported fuel because the NNPC thieves wanted to find a way to justify the continued importation of fuel.

Otherwise, what the govt should do is to sell the crude oil to Dangote at an agreed price in naira and demand that Dangote sell the refined product at an agreed price to the public. Even if there is a shortfall, the FGN could se part of the Excess Crude account to cushion the shortfall so that NNPC does not incur losses. In that way, fuel would be cheaper and there would be no payment of subsidies to private hands, but only to NNPC official/statutory accounts.

Bizmind95:
Interesting....the way l was smiling from ear to ear as l was watching the news on Aljazeera this evening eh....the dirty Zionists think say na Hamas...even common Hamas sef they haven't defeated militarily in more than a year now...upon say the whole of Gaza is just seven times the size of this my Onitsha city here and it is completely surrounded by lsrael...save for only one heavily fortified border with Egypt along the Philadelphi corridor...talkmore of Hezbollah...the most powerful non-state actor in the world...with an estimated stockpile of 400,000 missiles...in a country as big and as open as Lebanon that gives them easy access to smuggle in weapon from lran and their other backers with reckless abandon...by the way...it's almost two weeks now and lsrael hasn't retaliated against lran...so what are they still waiting for bikonu? For lran to finish developing their Nuclear weapons first...if it is common Hamas or Hezbollah or the Houthis now...they will start striking them back within mere minutes...Ndi Ara that only know how to bomb innocent civilians mostly women and children but run away from fighting the big boys like lran!!! Shey them wanna fight the whole world ba? It is even written in their Torah that "he who lives by the sword dies by the sword"...so them never see anything sef...this is just the Genesis!!!

Keep on rejoicing. But don't come here shouting ''free Lebanon'' soon.
Even some of Hamas rockets hit Israel, but how is Hamas today?. Even Ukraine drones are hitting Russia and killing people in Russia. So this is not strange. It is not the one that attacks first that really matters, it is side who has the capacity to fight longer with heavier weapons and less casualty in the long term.
The Gaza war has dragged on for long because of the strategy adopted by Israel: they withdraw their troops after defeating Hamas in a particular area, and that gives Hamas remnant fighters the chance to come back and regroup. It would have been a different story is Israel intended to occupy and stay in all the conquered territories in Gaza

Your Hezbollah go soon know how market be.

emmanuelewumi:
How. I think the fair value should be between N1000 and N1200.


N2000 bawo

Anything is possible in NGX!
Do not commit the same 'mistake' that some people did with Oando when they said Oando could not cross N20 or even 50!
Aradel is also acquiring new oil fields and expanding.

sarrki:
Mr president please forget about politics for now and fix the economy

Your policies are good

We need to curb excess of spending at the 3 tiers of government
Also block leakages

Which of the useless, disastrous policies are good?

BeeBeeOoh:
https://dailypost.ng/2024/10/11/ive-never-earned-wages-from-covenant-university-bishop-oyedepo/

It is always about worldly wealth!

Omooloriredade:
You're right! I know I went through some results recently but I had to google them. I couldn't find them on the NGX.

So @Mike Oando go carry that title for a while o.

No shaking!
We survived the long wait during the court sessions; we go wait and survive this one too. I just beg Oando to deliver good results

Omooloriredade:
https://doclib.ngxgroup.com/Financial_NewsDocs/Deap_Capital_Management_and_Trust_Plc_-_AGM_Resolution.pdf

DeapCapital

N2.5B being money owed to Non-bank creditors was converted to shares at N1.69 which explains the SP run from N1 recently.

Management now seeking to further recapitalise the business. They will also be releasing their 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023 on the NGX following approval by members. So Oando is not bad afterall

Disclaimer - Not a recommendation to buy or sell.

Na for oando them dey get power to form NGX police, all their veins go dey rise like something, including the one for their.....!
Let them come and see company wey never release results for 10 years!

megawealth01:
NGX police never come online to see OANDO mention

Na for Oando them dey get power to form NGX police, all their veins go dey rise like something, including the one for their.....!
Let them come and see company wey never release results for 10 years!

adenigga:
Source: nhttps://punchng.com/New-bill-mandates-tax-ID-for-opening-bank-accounts

So students who need to open a bank account should also get a tax ID? You people are sick?

God1000:
Spewing garbage and bunkum as usual,

You are the one talking nonsense.
What is the role of UN troops in Lebanon if they cannot disarm Hezbollah or prevent them from launching rockets at Israel?

designking:
Oando is heading to ₦50 which is a good entry price.

If Oando likes, let it drop to N20 or even lower! It would only enable someone like me to load more units!
You would not see Oando to buy at N100 after release of 2024 full year results

Please Note:
This is no marketing for Oando
This is no monkey hunting for Oando
This is no due diligence for Oando.

This is only meant for those who are in Oando or interested in buying.
You can dump your units or ignore Oando completely if you are not convinced or comfortable with its prospects, potentials etc. and enjoy your peace of mind.

Salewa97:
The price of the crude in the international market is fluctuating, it would affect the local price too.

NLC and TUC should stop playing immature politics with this issue

Stop talking nonsense. The crude oil belongs to Nigerians and it is meant to be sold to Dangote in a specified naira price. They should tell us that price and let Dangote tell us how much he will charging for its refined products!

ElonEmpire:
Is like you are not in this country. Oando owned by Tinubu purchased NNPCL few weeks ago.
NNPCL is owned by Tinubu not Government

Please try and understand the principles of corporate governance as well as merger and acquisition of companies.
Tinubu's govt is a failure, clueless and completely useless as far as management of the economy is concerned.
But it is a big lie that NNPC is owned by Tinubu. Oando does not own NNPC. Do your research very well.

IbeOkehie:
This is a good opportunity for clarification of terms. That way we know what we're discussing.

Forex - there are several systems for managing forex.....fixed or pegged values, managed float and free float are the main ones. Unfortunately so many exceptions and conditionalities can be attached to each method. Nigeria operates a MANAGED FLOAT, not a free float. [/b]The two are not the same.

The one comment quoted is about economic system. Broadly today can be either pure or a mix of the following -
free market capitalist
socialist
feudalist
fascist

Saudi Arabia is a feudal system.

Nigeria operates a FEUDAL-SOCIALIST system. I know I've mentioned this in my commentary, though I mostly use the simpler term SOCIALIST. That's what you mean when you write:



And you're very correct. Feudal system is where governments award market roles to private participants according to their status in society....according to tribe, religion, class, family or political loyalty. The import licensing systems is an example.

Your complaint about water, roads and other public infrastructure is misplaced. The reasons Nigeria is failing at those functions are simple -

[b]1) Government ownership in a non-homogenous society. Government owned companies are ALWAYS less efficient and productive than private equivalents. It only gets WORSE in diverse nations.

2) The government of Nigeria simply doesn't have the money to do even the little that it SHOULD do. Why doesn't Nigeria have the money? Because the country operates a feudal-socialist economy.

I've thought through these things over a long period of time. I had an interesting encounter with Peter Obi, the Presidential Candidate, at a public forum. I asked him if he would make Nigeria a free market country and his answer was "The Nigerian market is already too free". It's on video because the event was recorded. You have the same mistaken notion as Peter Obi. Most Nigerians have the same wrong perception of their political-economy and that is why the country is a disaster.

The three factors of production in a capitalist economy are land, labour and capital. Peter Obi and any Nigerian university graduate should know that ALL three are completely owned or controlled by government in Nigeria.

And here let me state that when thinking about CAPITAL, the market economist means MONEY, right? If you go read up on forex, you will find that forex systems that are NOT free floats are described as CAPITAL CONTROL systems. Whenever a government in any way controls the value of its currency by fiat, it is indirectly assigning REGULATED PRICES to ALL goods and services. Such regulated pricing is a sure way to DESTROY an economy.

All in all, it's discouraging that most university educated Nigerians can't even figure out basic info about their country. People go around shouting electricity has been privatized, there's nothing like fuel subsidy, SAP is evil, Nigeria is a free market. The level of ignorance in Nigeria can only lead to the outcomes of the present day. No surprises for sure.

Good Luck to Nigeria.

Correction: Nigeria currently adopts the free-float system. That is what the CBN has said. That is why we have a disastrous forex regime with escalating prices in the last 18 months of this clueless Tinubu government

Previous governments used the managed float; that was when Nigeria had some reasonable stability and predictability in our forex regime in the past.

GiftedHands247:
https://punchng.com/bouncer-kills-man-in-lagos-club-house/

That is a thug, not a bouncer!
Why should a bouncer be using knife or weapons to attack or harrass people? A bouncer is mesnt to use only his physical strength and power to handle and keep intruders away.

Kdon2:
These people never see mad protest that's why they are people for a ride

It is because Nigerians are docile people and mostly ignorant fools

KarlTom:
OandO. -5.84%
ETERNA. ±

Don't worry; you dey try. Your efforts (and ours too) will not go in vain.
Oando go vomit anyhow anyhow, whether via half year 2024 result on Oct 23 or full year result in 2025!

BabsO2:
Entrepreneurship has its challenges. Nigeria needs more entrepreneurs. Wale is doing his bit excellently. He was wounded with ConocoPhillips in hindsight and he has turned around the company for shareholders (quoting his words at the last AGM)

Abeg take profit, sell the Oando and buy more Seplat or Aradel and not need to bother with Wale this and that, truth and untruth biko

Take it easy, my man. @Megawealth was not too harsh or derogatory in his remarks.
We all should just look forward and hope that Oando delivers good results and rewards shareholders bountifully. When that happens, no one will preach to Megawealth before he changes his mind and loads more of Oando.

ChiefJusticeFuc:
Last I checked , your diaper force is yet to defeat Hamas and their invasion into Southern Lebanon did not go beyond 400m before they were chased away by Hezbollah fighters.

Bombing civilians indiscriminately in Gaza has not made a dent on Hamas .

If in doubt, why is Pissrael still on the negotiation table with same Hamas?

We have told you to stick to petty trading and leave what is beyond your pedigree to your betters .

Help us say "hi" to Nasrullah and the 72 virgins. Thoughtless people.

Krismas:
Israel is soon to be destroyed . One Nuke from Iran and Israel will sink into the Mediterranean Sea, never to rise again

Dreamer. Israel has had nuclear weapons many years ago. Iran's nuclear programme is now at the mercy of Israel. Once Israel destroys it and the oil facilities, Iran is finished!

Ndenomy:
So Iran na never test their weapons? You no ask the yankies for Ukraine war? They will tell you the might of Kamikazee and its likes? In a one-on-one war Iran will level Isreal without US support for Isreal.

How many wars had Iran fought and won compared to Israel?
Israel may consult US before attacking Iran because an attack on Iran's nuclear programme and oil facilities would lead to global disturbances and destruction of many things

emmanuelewumi:
The growth of Aradel is organic, apart from the private equity investors who converted their loan to equities about 6 years ago. Compared with the counterpart that has engaged in numerous capital raising exercise.


Imagine 50k invested in Aradel in 1995 and 50k invested in Unipetrol now Oando in 1995.
Probably worth over N2 million for Aradel and probably worth 5k for Unipetrol

It is management quality and sincerity that creates wealth for shareholders on the long run

What was the share price for Unipetrol (Oando) and Aradel in 1995? Have you considered the number of units 50k could buy in 1995 and if all the dividends received were reinvested over the years. Was Aradel on the NSE in 1995?
Aradel may have the upper hand though because of the current price

emmanuelewumi:
The growth of Aradel is organic, apart from the private equity investors who converted their loan to equities about 6 years ago. Compared with the counterpart that has engaged in numerous capital raising exercise.


Imagine 50k invested in Aradel in 1995 and 50k invested in Unipetrol now Oando in 1995.
Probably worth over N2 million for Aradel and probably worth 5k for Unipetrol

It is management quality and sincerity that creates wealth for shareholders on the long run

What was the share price for both companies in 1995? Have you considered the number of units 50k could buy in 1995 and if all the dividends received were reinvested over the years. Was Aradel on the NSE in 1995?
Aradel may have the upper hand though because of the current price

Macdevann:
Is this good or bad news?

This could be exploited to cheat consumers.
The NNPC should let everyone know the price of the crude that it sells in naira to Dangote and the agreed ex-factory price that Dangote will be selling, and the markup for the marketers. Otherwise consumers will be cheated