₦airaland Forum

chimex38:
They should move to real time spot contract sale abeg...
all these forward contract never help our ministry..

I am pretty sure NNPC throughout this year is probably still transporting crude to AFREXIM bank at $60-$65..cuz of forward contract.

No benefit from the recent price surge.
Who ee help?

Even the Segment information section shows that Oando has been doing more of Supply & Trading, with high cost of sales (inventory purchases) and low margins.
They need to invest in exploration & production (equipment to drill more oil) which is more profitable.

Agbalowomeri:
I don tell una. If Wale makes 100 billion trillion, he go chop am with admin, revaluation, finance grammar Lol

You may be right, but that kind of strategy is not sustainable.
There are other directors and shareholders with different interest from Wale, and they will kick one day.
One day, Wale's monkey go go market, e no go come back

KarlTom:
It depends on the share price when the RI goes live.
I will take up the quantity due either on the floor or via the RI...

Giving them ''close marking''.
I just want them to give further clarity on the share redistribution

KarlTom:
Abracadabra

Net foreign exchange gain = ₦22,606,185,000 (Note 4)
Foreign exchange loss = ₦45,436,773,000 (Note 5)

For comparison,
OandO Professional fees = ₦48.462bn
SEPLAT Professional fees = ₦12.808bn

A very professional company indeed

It is curious how Professional fees could jump to N48b from N28b(2025) i.e. N20b increase
Unless it is for very big project e.g. upstream E&P operations, Angola oil bloc etc.

chimex38:
You are asking the wrong handle.. Na the one we im quote you suppose ask.

He's saying that if not for the RI requirements, OandO may not have filed their Q1 and Q2 on time..
So the seemingly good turn around maybe out of necessity, hot necessarily out of change of Character/behaviour

But this has been the trend of when Oando releases their results. Someone predicted July 31st.
I think H1 2025 was also released on 31st July 2025

chimex38:
When i saw that also , I weak..
Though na low margin business.

But but.......



Q2 should be much better with the Brent price effect

The type of sales contract (e.g. Forward or Spot) may influence when the impact of global crude prices would reflect in the quarterly accounts.

GeeKudi:
Would you pay for an OANDO RI right now?

Wale and the directors to buy everything themselves

MODESTY2024:
Not just that, there is politics around governments handling. Opposition figure PO is invested there. All his associated businesses are prime targets to be frustrated.

No. I don't agree it is because of opposition targeting. There is no politics about the tax that public-listed company would pay after being audited by competent audit firms.
Even if PO or any politician that invested in the company should sell all his shares in the company today, it will not change anything.

faoogoke:
If the price lowers again I will likely enter instead of investing in Dangote Refinery.

Those fighting Access share price rise are answering our prayers

Dangote refinery will be at a different level; the only stock that may rival SEPLAT in the long term on NGX

faoogoke:
If the price lowers again I will likely enter instead of investing in Dangote Refinery.

Those fighting Access share price rise are answering our prayers

Dangote refinery will be at a different level; the only stock that may rival SEPLAT on NGX

uunwanaobong3:
LET IRAN FINISHED WEAKENING ALL AMERICA AIR DEFENSES IN ARAB COUNTRIES SURROUNDING ISREAL WHICH HAS BEEN DETECTING AND INTERCEPTING IRANIAN MISSILES AND DRONES BEFORE REACHING ISREAL..... ISREAL WILL BE HIT LIKE NEVER BEFORE IN THEIR HISTORY (NOTE: MORE THAN 80% of IRANIAN MISSILES INTERCEPTION HEADING TO ISREAL HAPPENS IN ARAB COUNTRIES ESPECIALLY JORDAN)


IRAN GET THEIR OWN STRATEGY, THEY WANT TO WEAKENED AMERICA DEFENSES AND SHIELD AROUND ISREAL BEFORE HITTING THEM HARD.

And you think Iran itself will have enough space to fire missiles when Israel mounts surveillance and air superiority over the airspace of Iran?

KarlTom:
ACCESS

Why wait till August 27 to meet

This may help hold or lower the price, so some of us can buy more.
There is nothing special to expect in H1 2026; they have up to Dec2026 to comply with CBN requirements,

Jaakay:
Just wait till 12 midnight today.

You must know our 'uncle' very well.
What if he does not release today?

SonofElElyonRet:
"Profane Trinity"
You don give up on Oando

My brother, very stressing but not giving up yet.
Still waiting for ''uncle'' at the top to declare the next share redistribution so I can sell the units to buy something else like Dangote refinery, Access etc.

SonofElElyonRet:
Looking like Ellah is just one big, well planned, intricately designed, elaborate fraud

Haba! Na wa oo.

All these big, intricately structured, elaborate grammar just because of Ellah?
Wetin Chika do you?

SonofElElyonRet:
Chuka don "419" shareholders.
Make Japaul release results

These are the "holy trinity''?
Ellah, Japual and our ''Uncle'' at the top's stock.

GeneralOuki:
Hopefully this will go a long way in restoring some kind of peace in that area. Hamas brought a war of destruction upon the very Palestinians they claimed to be fighting for, 70,000 dead and several others wounded and permanently maimed they have finally ( hopefully I must add) realised this was a losing battle from the onset.

Sometimes going really hard on people with this sort of mentality is the best way forward, not whatever it is that our Nigerian government are doing with bandits and terrorists in Nigeria. Hit them so hard that they go pick up their senses wherever they dropped it , or grow one if they had none in the first place.

This would never have been if Israel did not give it to them as forcefully and brutal as they did.
Terrorists only surrender to superior force

insidelife22:
Now Iran has a reason to bomb Israel
This war is just too boring without Ben Netanyahu.
Trump is just too lenient on those mullas.
Na why Iranian terrorists on Nairaland still never dey shout genocide.

The officers and officials in IRAN know quite well that their days are numbered if they attack Israel. Israel will eliminate them.
What US is doing is just to attack their military infrastructure and installations but Israel will go after the top people as well.

jonnysessy:
MTNN paying N26 interim dividend.

This is massive and impressive. Now let the share price go to the moon.

Shebi Nigerians say MTN must close shop because of xenophobia?
Now, they are warming themselves back into your hearts with massive dividends?
Who says stocks and politics no dey mix? De play

puremaker7:
Netanyahu was not part as a strategy.... because Iran would have leveled them by now

So why has Iran not ''levelled'' Israel, but is busy facing Jordan, UAE, Bahrain, Oman, Saudi etc? Has Iran missed road?
Israel and Netanyahu are waiting! Please tell Iran to fire some missiles into Israel.
There are 72 virgins already waiting for some people to go enjoy in hell!

raslim20:
Things are about to get brutal in the Middle East.

US forces bombed six family homes on Qeshm Island.

4 fathers dead. 2 mothers dead. A 3 year old child killed.

2 more children are fighting for their lives as we speak.

IRGC retaliated hard though.

7 US officers and 2 maintenance personnel dead at Muwaffaq Salti Base in Jordan.

Trump is furious.

NBC just released a statement.

Trump's ally's words: The president is enraged. He never thought the Iranians would make it this difficult for us. Dan Caine is panicking over the munitions stockpiles now. He’s warning about a string of strategic defeats coming if this keeps dragging.

Two hours ago, Trump exploded in a meeting with his top national security people.

He’s losing his mind about the limited military options against Iran.

He’s now pushing Hegseth and his troops to strike harder in the next 48 hours.

IRGC is getting ready to dismantle several Gulf countries as we speak.

The whole Middle East is in serious danger

There is nothing like munitions stockpile worries.
Iran will be levelled if they keep fighting this war! ,Mark my words.
I pray they attack Israel and see something!

KarlTom:
CONOIL H1 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/47683_CONOIL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JULY_2026.pdf

Another very good one

So what would be used to determine Oando's case (we all know it will report very huge interest costs, admin expenses, forex difference etc.)
Gross profit?
Operating Income?
Profit After Tax?
Comprehensive Income?

Greenodds:
Sorry but this is a foolish assumption.

A very strong word!

Jaakay:
How na? How have they delivered value for the one they have. Everyone is delivering result, they are chilling till 31st midnight to give their excuse

Since you know your people, you don't have to worry
Just look for one cold bottle; shack and let your eyes be dirty....anything you read for 31st midnight, you know you are in heavenly mood in the spirit with little worries.

Raider76:
Could this be another Oando acquisition down the line?

Possibly.
FGN earlier in the year floated the idea of reducing NNPC interests in some existing JVs and sell to Seplat, Oando, Renaissance and Sterling etc. but stakeholders like TUC kicked against it.
Now, the NNPC that wanted to divest from the JVs, is now acquiring more from Seplat? So it could be a way to eventually sell to other partners, including Oando, Renaissance etc

nlfpmod:

Drama as a man abandons a lady at a hotel after buying her expensive drinks and food. He reportedly told her he was stepping out to buy shawarma and ice cream, but hours later, he had yet to return. Hotel staff reportedly stopped the lady as she tried to flee without paying the… pic.twitter.com/tSS3xvOeNA

— CHUKS 🍥 (@ChuksEricE) July 30, 2026

Was it the lady that booked the hotel reservation?
If she did not, then she is not to be blamed.
If the man booked, then the hotel receptionist/security were careless and reckless to have allowed him walk out without making paymet

BornofGod108:
Iranian Strike Hits China-Owned Business in Kuwait, Killing One Worker Amid ‘Heavy Wave’ of U.S. Attacks

An Iranian strike hit a Chinese firm's building in northern Kuwait on Thursday morning, severely damaging the structure and killing a worker, Kuwait's military said, hours after Jordan's air defences shot down five missiles launched from Iran.

The attacks came after the U.S. military said it had completed "a heavy wave of strikes against Iran," conducted in response to an earlier Iranian missile attack on a U.S. base in Jordan.

The U.S. military's Central Command said online that it had struck "dozens" of targets belonging to Iran's Revolutionary Guard Corps, including military command centres as well as missile and drone facilities, and coastal surveillance and defence sites.

The first strikes from the U.S. in five days came after U.S. President Donald Trump vowed to hit Iran "very hard" after it targeted a base in Jordan that hosts U.S. troops.

Iran's official IRNA news agency said three people were killed and two were wounded in a strike on the island of Qeshm, which lies just off the Iranian mainland in the Strait of Hormuz, the crucial waterway for global energy supplies that Iranian attacks have again effectively closed.

No casualties were reported from Jordan's interception of the missiles, Jordan's state-run Petra news agency said, quoting the spokesperson for the country's armed forces..

https://www.arabtimesonline.com/news/iranian-attack-on-chinese-company-building-kills-worker-in-northern-kuwait/

Nlfpmod mynd44 Dominique

Iran has been attacking civilian infrastructure, power and water desalination plants, hotels, airports etc. in Kuwait, UAE, Qatar, Jordan, Oman, from the beginning of the war. So nobody should complain when US decides to collapse their infrastructure as well.
I miss Israel and Netanyahu!

KarlTom:
That contradicts the Disclosure.
Total units sold today: 1,571,845,540

They have a way of making the units reflect correctly in the register. Every trade/profession with its coded tricks

KarlTom:
FIRSTHOLDCO

Something doesn't add up here.

Calvados 'bought' 1.779bn units today, yet at 15:50hrs today only 1.567bn units have been sold

Let's see how the remaining 212million units will be added...

Those units will be added/released first thing tomorrow.

TunezMediaTV:
Budding Nigerian actress and influencer, Kam Debbie Okolie snapped in beautiful behind the scenes shot with a baby python wrapped around her shoulders in a new upcoming Nollywood flick named, Rebirth of Thunder... See photos below...


https://www.instagram.com/reel/DbIQQ_gMM5_/?igsh=MTViZnFycGMzOTFjOQ==

This is how some people become possessed with evil spirits without them knowing.

KarlTom:
Yet to receive mine.

Seems they are paying the big boys first

They obviously started from the smaller amounts to avoid their troubles; still looking for money to pay the big guys who are more understanding and less troublesome when payment is delayed.
Shoes get size na.

GeneralDae:
Seplat Energy says it has signed an agreement with the Nigerian National Petroleum Company (NNPC) Limited to sell 10 percent stake in the assets held within the joint venture of NNPC Limited and Seplat Energy Producing Nigeria Unlimited (NNPCL/SEPNU) for $281 million.

Seplat disclosed the details of the transaction in a filing on the Nigerian Exchange (NGX) on Thursday.

That is about N385b; they can use it to reduce their loan obligations