₦airaland Forum

dalass:
Even Elon Musk has condemned Trump. Elon, Zuckerberg and other billionaires have lost hundreds of billions of dollars in like a week

And that is why he refused to condemn Tinubu after 2 years of worsening economic issues because Tinubu is a Yoruba man?

OMEGA009:
I wan talk but una don yab am finish

🤣🤣🤣

I'm ashamed of this prof. No wonder Nigeria dey as e dey.

PG 30.

merits:
I am one of them nobody can locate where I work or resides,I will never leave US and they can't find me.I am presently in NEW YORK.

lol

Lol

shiwex:
---

It cannot be an equal competition. Usain Bolt and yourself cannot start a 100m race and you expect to achieve a fair outcome. There is a reason why certain restrictions are necessary. Do you think our agricultural sector can compete with that of America? Our farmers will become jobless overnight if we allow their products in. Even Europe imposes restrictions on certain items from America due to quality concerns. Most agricultural produce from America consists of genetically modified products, which have been linked to obesity and other health issues[1](https://statcarewalkin.com/info/list-of-diseases-caused-by-gmo-foods.html). Europe has informed America that it will not permit certain produce due to unacceptable levels of banned substances[2](https://european-union.europa.eu/priorities-and-actions/actions-topic/agriculture_en)[3](https://agriculture.ec.europa.eu/farming/crop-productions-and-plant-based-products/fruit-and-vegetables_en).

Nigeria should not allow America to exert undue influence. We do not desire the tasteless products they consume over there.

Your application of the Usain Bolt narrative does not fly.

You're saying that everyone running against Usain Bolt should be given a headstart or he should be "restricted" thereby depriving Usain Bolt of his well earned victory of being the fastest.

OboOlora:
Hahaha I like how people think Wike will have a bad ending.
Look back and smell the cookies people, apart from Abacha that allowed SeeEyeA use a Moroccan spy/harlot to kee him with an apple, all the bad people from Babangida, Tinubu, Obasanjo etc are still alive and even live longer than good people.
This is just a cue to be a very wicked person in this cruel world if you want to live long.

🤣

RodgersAkpafu:
Zero for Zero is not bad

But in such an arrangement
America go still lose
So I wonder if trump will take it

Maybe not. Europe is trying to be clever by half. There must be Tarriff and it must be reciprocal.

SalamRushdie:
50 Countries are already negotiating with America and these ones are talking of hardship instead of going to negotiate tarriffs like reasonable countries

That's maturity from them. Leave the town criers on Nairaland saying Trump will fold. 😅

Lol.

Is there no freedom of movement already? You can't move freely between countries and take up jobs at will.

Except, of course, the UK has been annexed to become part of the USA. Then people can move freely to take jobs. 🤷‍♂️

Lol

seunmsg:
Our debt actually decreased from $108billion in 2023 to $94billion as at this year. Tinubu has paid back over $14billion net since coming on board.

And to cure your ignorance, we don’t pay our national debt with Naira. We pay with dollars. So, converting our national debt to naira just to make it look like it has increased when in reality, the loans are dollar denominated only shows your ignorance or hypocrisy or both. Only dumb heads like Peter Obi and his empty supporters can make such argument.

What about Crude swap deals? You're making it sound like Tinubu produced money out of thin air. Are we no longer swapping crude for loans?

several:
Oga @GeneralDae made a more valid point as he proves that even with the depreciation in Naira, the company still makes profit either in Naira or dollars no matter how you look at it.
na your own calculation will make people lose money to scammers o.
Let me ask this simple question, if you invest in a company, will you be expecting to get your returns on investment from their revenue or their profit?
There lies your answer sir.

Alternate moniker? No worries. See attached statement. Show me the 140% Surge from the statement based on your comment about returns.

Let's assess your financial intelligence.

GeneralDae:
140.35% in naira from 17 Billion naira to 42 Billion naira. My argument is against those saying they didn’t make profit in dollars. I am saying that’s wrong, they still made a little profit in dollars.

We are going around in circles. Now we are back to the Naira value again without considering the value of each profit based on the USD to Naira in 2023 and 2024. 😆

It's like a merry go round. lol.

GeneralDae:
I’m looking at their profit which is what matters most to them not their revenue. Use their profits in 2023 and 2024 to do thesame calculation.

17.5b/N650 = $26.9 million
42.2b/N1500 = $28.13 million

So how does apply to the topic: "Totalenergies Reports 140.35% Surge In Profit As Revenue Surpasses ₦‎1 Trillion"?

Where does the 140.35% come in between $26.9m and $28.13m?

jazzman7711:
YOU ARE TALKING ARRANT RUBBISH.

STOP BEING A STUPID SLAVE OF TRUMP.

This ASSHOLE has lost his own country SIX TRILLION DOLLARS IN JUST TWO DAYS.

HUNDREDS OF THOUSANDS OF AMERICANS WERE ON THE STREETS YESTERDAY DEMANDING HIS REMOVAL AS THEY WATCH THEIR LIFE SAVINGS DISAPPEAR, AND YOU ARE HERE SAYING WHAT?

THERE ARE WAYS TO ADDRESS PERCEIVED TRADE IMBALANCES, NOT THIS IMBECILIC, BLANKET WAY USED BY THIS STUPID, DUMB MONSTER YOU PEOPLE WORSHIP FOR GOODNESS-KNOWS-WHAT-REASON, SINCE HE IS A RACIST THAT HATES THE VERY LOOK OF YOU.

STUPID PEOPLE WITH NO SENSE.

Lol. You're still crying. Say it without crying.

jazzman7711:
YOU ARE JUST A SLAVE.

SHUT UP AND GET OUT.

IF TRUMP LINED UP YOUR OWN MOTHER TO SHOOT, YOU WILL SUPPORT HIM.

SO GET LOST WITH YOUR LOW IQ.

IF YOU THINK THE AMERICAN ECONOMY WILL STOP TANKING BECAUSE OF ZIMBABWE OR SOME OTHER SMALL COUNTRIES, IT SHOWS YOU ARE WORSE THAN STUPID AND DUMB.

CHINA, THE USA’s LARGEST TRADING PARTNER, HAS RETALIATED WITH 34% TARIFFS.

THOSE ARE THE SORT OF COUNTRIES YOU SHOULD BE LOOKING AT FOR HOW THEY REACT TO THIS, NOT ZIMBABWE.

SLAVE WITH NO SENSE.

You are being unnecessarily emotional.

The United States imported $440bn worth of goods and services from China as opposed to $144bn from the latter.

Trump was right that China will be hit badly by this trade war. They cant even smuggle the goods to the US via Mexico and Canada because Trump started with them first.

treatise:
Is it poverty they're exporting or what?

Tobacco, sugar and ferroalloys (iron alloys).

Lol. Like I mentioned a couple of days ago, none of the world leaders have been able to counter the "evdidence" presented by Trump. Most are either ranting or raining insults.

GeneralDae:
They made 140% profit. Average naira value to the dollar in 2023 was 650 naira. Average naira value to the $ in 2024 was 1500 naira. That’s 130% depreciation.
Therefore, 140% profit beats devaluation.

Someone will look at this and say hey he has a point but will forget that you didn't use the actual income in your calculation. This is how people lose money to scammers.

So, let's apply your Naira value to actual figures:

N635.9b/N650 = $978m in 2023
N1.04T/N1500 = $693m in 2024

Your own calculation is even worse than mine as it puts the loss at $285m.

SeaTrade:
TotalEnergies Marketing,not totalEnergies upstream .
They retail Jetfuel,PMS,diesel and lubricants.
Why should a retail business which is naira denominated report it's revenue in foreign currency?

Regardless of whether it's retail or not, the money is returned to the home country after fulfilling obligations.

Even Chevron Nigeria LTD, which pays its staff in Naira, still repatriates funds to its parent company abroad, similar to TotalEnergies Marketing NIg, as they are merely subsidiaries.

GeneralDae:
What matters is their profit which beat the dollar devaluation no matter how you calculate it

IOCS take their money back to their country of origin. They don't send Naira back home. 🤣🤣🤣.

You can as well show us your calculation of how they made profit in USD. That's the currency that matters to them.

helinues:
How would you react to the news of Peter Obi joining Apc?

Whatever coalition the opposition might be collating, they can never give Peter Obi their presidential ticket while Peter Obi can't win the presidency on its own.

Peter Obi has nothing to loose should be join Apc.

Btw, this is just for fun not something to take personal

He won't have a strong voice in APC even as president. The party will largely have their way or they'll frustrate his tenure.

liasmiram2567:
This is a clear Genocide and the world is watching .We are living in an Animal farm. Some human are more human than others.Human right and international law have been turned upside down nor with when the Mad man in Washington is hunting down the ICC members and giving Isreal the leeway to act as it will.

You should have released the hostages.

We've been saying it for months before Trump. Now he set a trap to prove to the world that you won't release the hostages even at a ratio of 1:100 exchange.

No one will save you now. No one.

The company’s full-year revenue increased from N635.9 billion reported in 2023 to N1.04 trillion, marking a 63.83% rise.

The value of dollar to Naira at December 2023 was N850. So their income was roughly $750m in 2023.

Now, Dollar to Naira closed at N1700 at the end of 2024 but I'm going to use N1500 just to be nice.

This brings their 2024 income to $680m representing a $70m loss from the previous year of 2023.

Ladiesdoctor:
Sanusi is not the Emir

He might be detained


After that, dethronement

Why dethrone him if he's not the Emir? 🤷🏻‍♂️

KnowledgePower7:
Akata vs Akata

🤣

eastOFwest:
Don't use "bend" and "gay" in the same sentence. E get reason why 😂

🤣🤣🤣🤣🤣

Well done. People call you a mad man but all I see are strong business decisions that will make America greater.

God1000:
The double standard is mind boggling. This is how democracy dies and dictatorship is born

If Obama did any of this, it would be a different outcome, and much more outrage, reason being that he's a black man, the hatred and racism is real in America

But it's okay to use economic inducement to bend nations to his gay agenda.

It's also okay to support the removal of one the best presidents Nigeria ever had because he put his country first and they couldn't control him?

Congratulations to terrorists supporters for pushing the Houthis to extinction.

heykims:
The strength of dollar has even dropped, I noticed this after Trump assumed power.

It rose first and dipped a little.