₦airaland Forum

We need an oyinbo man to manage Aradel. It's partly why Seplat did so well.

Agbalowomeri:
So dem don begin spoil this company too. Which kain administrative bill be this?

1. Oando reported a pretax loss of ₦74.65 billion but still recorded a net profit of ₦106.45 billion, largely because of a substantial income tax credit.

2. Q3 performance was weaker than the comparable quarter. Revenue fell approximately 13.2% year-on-year, and Q3 profit after tax declined from ₦138.0 billion to ₦37.9 billion.

ghm:
My executine summary of the OandO Q3 report

Oando’s Q3 2026: Operations are getting better, but the balance sheet is still broken.
Revenue: Up 9.2% to N2.77 trillion.
Gross Profit: Exploded to N174.5bn (from N29.8bn).
The Catch: Finance costs of N244.2bn swallowed the entire operating profit, resulting in a N74.6bn pre-tax loss.
The Illusion: The reported N106bn profit is an accounting trick, driven entirely by a N181bn tax credit. The core business is still losing money before tax.

The Reality: Negative equity remains at -N512.6bn.

Bottom line: The engine is finally running, but the debt is still crushing the car. The company survives on accounting credits and the promise of a N500bn bailout. Until that capital raise clears, this is a balance-sheet repair story, not a growth story.

I feel your pain

Yoursfaithful:
TINUBU'S NIGHTMARE: The APC House Is On Fire

This is no longer politics. This is war. And it is happening inside Tinubu's own house.

The biggest, messiest intra-party fight in the APC is raging right now, and all the gladiators are Tinubu's own men.

Let me break it down for you:

THE ACTORS:

1. HOPE UZODIMMA: The President's blue-eyed boy. His second term as Imo Governor is winding down and his next dream is clear - Senate. Not just to go to the Senate, but to TAKE OVER the Senate. He secured the APC ticket in his constituency until this morning that it was squashed by the court, and word on the street is he wants Akpabio's seat - the Senate Presidency.

But Hope has another enemy: Wike. Wike accuses Hope of meddling in Rivers politics and secretly backing Fubara during their brutal fight. So Wike has vowed to block Hope's Senate ticket by all means. His weapon? A shadowy outside group called the 'Rainbow Coalition'.

2. ROCHAS OKOROCHA: From the SAME senatorial zone as Hope. Rochas claims HE won the APC senatorial primary, but that Hope hijacked it. He went to court. And this morning, drama: The court disqualified Hope Uzodimma and declared Rochas Okorocha as the authentic candidate.

Hope can still go to the Court of Appeal, but the damage is done.

3. WIKE: The FCT strongman. Tinubu's most prized outsider-inside. Loyal to a fault, but loyal on his own terms.

4. AKPABIO: The Senate President. Tinubu's alleged rubber stamp in the Red Chamber. The man who has swallowed everything to make Tinubu's agenda sail through.

And Rochas? Just a bystander who has now become the kingmaker.

NOW HERE IS TINUBU'S NIGHTMARE - CHECKMATE EVERYWHERE:

This is a trap with no good option for the President.

SCENARIO A: If Tinubu backs his beloved boy Hope and uses federal might to help him win at the Appeal Court...

Will Wike still work for Tinubu? Wike is not a man you betray and expect to smile. If his arch-rival Hope is imposed, Wike could sabotage everything in Rivers, FCT and the entire South-South. You know Wike - when he pulls out, he doesn't just pull out, he pulls the rug.

SCENARIO B: If Tinubu is seen to be in Hope's camp, what happens to Akpabio?

Akpabio will feel stabbed in the back. This is a man who has endured insults of being called a 'rubber-stamp' just to please Tinubu. And now you want to bring his replacement right under his nose? If Akpabio feels betrayed, who will deliver Akwa Ibom for Tinubu in 2027? That state will be in play for the opposition overnight. His morale will die.

Tinubu is boxed in.

Hope won't step down - he sees Senate President in his future.
Wike won't step down - he sees betrayal and wants revenge.
Akpabio won't step down - he sees his throne threatened.
Rochas won't step down - he now has a court judgment in his pocket.

All of them see Tinubu as weak, distracted, and desperate for 2027. So they are digging in. No one wants to shift.

For the first time, Tinubu is not fighting Atiku or Obi. He is fighting his own loyalists. And any move he makes, one of his pillars will collapse.

How does he survive this without becoming collateral damage in his own party?

This is no longer 2023 politics. This is survival politics.

The next days and hours will reveal everything.

Watch this space. APC is about to test if Tinubu is truly a master strategist or amala political strategist or just a lucky beneficiary.

What do you think?
#copied#

Frankmall ✍️

To me, only one candidate can easily get the constitutional spread, and thats the incumbent president. Politics isn't emotions.

mikeapollo:
Well, time will tell.
Someone else can come up with his/her own permutations and analysis.
But going by what I know and from previous elections, the 3 of them can get 25% in 24 states. You may disagree though.

I have not mentioned Tinubu in my analysis. I wrote about Atiku.

If you think Atiku will get 25% of the votes in the SE or SW, kindly tell me where.

In the SS, where do you think he will get 25% apart from Rivers, where his VP is from? There are no ADC governors in the SS, and the overwhelming consensus in the south is that it is unconscionable for another northerner to upstage the southern slot and become president soon after Buhari- another Fulani man.

mikeapollo:
So you think Tinubu will score 100% in all southern states?
Don't forget that how most people feel about Tinubu in 2026 is quite different from 2023.
For instance, go check his campaign rally in Kaduna in 2023 and see what also happened in 2026

There are 19 states in the north. Where will Atiku's 25% come from in 6 southern states?

Right now, apart from Rivers, I see nowhere Atiku would get it. He won Osun in 2023 and came 2nd in Delta. Now, both states are actively backing Tinubu.

And, the Supreme Court can't waive the 25% of votes in 2.3rd of the states.

mikeapollo:
You may have your concerns, but don't put too much weight or reliance on the so-called ''constitutional requirements''.
The interpretation can be manipulated by the judiciary (Supreme Court) at any time. It is not new in Nigeria.

By the way, all the 3 top contestants can easily score 25% in 24 states.

Yes, because Iran are the ones indicted by the ICC after kpaing 70k human beings including 22k children and levelling 75% of a city. Because Iran are the ones unleashing terrorism on innocent Muslims and Xtians in the West Bank, destroying Olive farms and desecrating homes and worship places, militarily occupying other people's land and unleashing apartheid on people they see as being sub-human. You probably lick the behinds of your Joo masters anyways. So, this is water going into a basket.

mikeapollo:
A genocidal state? Do you mean Iran where citizens are butchered for protesting?

Are there any terrorists bigger than those jostling to lead a genocidal state?

MEGAWEALTH02:
Whoever wins in this ISRAELI elections will be dangerous to terrorists 👍

Lol. The 100 million voters need to contact the opposition b4 knowing what alternative plans they have speaks volumes.

mikeapollo:
The opposition will tell you if you contact them.
I am not a spokesperson for the opposition the way some of you have become for the ruling party/govt.

All I know is, there are various economic management theories.

You tell me what alternatives the opposition is proposing.

I am waiting.

mikeapollo:
All what you typed are excuses and hypotheses of the ruling govt to justify their decisions.
The govt should just tell us how they have improved the welfare and security of the people. Simple.!

Don't use or adopt their hypotheses and excuses as if they are the ideal ones with no other alternatives.

My own is, I dont want anyone to come in and unleash some nonsense populist policies that will return us to the days of dual exchange rates, with only the connected few getting scarce forex at the CBN rate while most other businesses struggle, or the days of fuel queues and unbridled smuggling of our cheaper fuel across the borders and billionaire fuel merchants emerging out of nothing. While it may seem sweet at the start, the country will race towards insolvency and ruin.

Be sincere, if Tinubu had continued the exact Buhari template of borrowing for subsidy and sustaining an artificial Niara/USD rate, and just printing currency, where would Nigeria be today?

Tinubu's govt has many faults, but I credit him for choosing the hard way out despite knowing it would reduce his popularity. I cant say the same for the opposition with their policy flip-flops. Today they want subsidy gone; tomorrow they are its strongest advocates. Today they are campaigning on selling the govt-owned refineries; tomorrow they are stressing why govt must retain ownership and make it work. Today they will increase power generation by 10kMW in 4 years; tomorrow they acknowledge it is not possible.

MEGAWEALTH02:
I don’t have the complete clip because his team did not play the full version at the time.

If you have noticed, I have deliberately avoided discussing the forthcoming elections in detail because I believe Jagaban should focus on delivering his campaign promises before seeking another term in office. Nigerians deserve accountability, and the priority should be fulfilling the promises already made to the people.

No defending JAGABAN (or any politician), but people mischievously refuse to play the entire clip. If you watch it to the end, he did say "..except I can provide satisfactory excuses why I couldn't fulfill the 24-hour power promise. "

Is Tinubu the President I want for Nigeria? The answer is No. Are the other candidates with a credible chance at replacing him via the polls better options? The answer is an even louder No from my point of view. The reason why I don't care about this election and want it over with.

MEGAWEALTH02:
I didn’t mention JAGABAN, but since you’ve brought him up, let me remind you that during his 2023 presidential campaign, he promised Nigerians stable and constant electricity, stating that if he failed to fulfil that promise, they should not vote for him for a second term. Although the Presidency has since argued that his statement included a qualification concerning adequate reasons for non-delivery, Nigerians especially the MASSES have every right to hold him accountable for his campaign promises and demand measurable improvements in electricity supply.

No, there is no reliable power. The power sector has been badly managed for decades. Hopefully, the legislation unbundling power generation and anticipated private-sector investments (Dangote, Davido's Dad, et al.) will push us toward 50k MW in the next decade and improve the power situation. But cost-reflective tariffs remain a knotty issue. Can the average Nigerian pay the true cost of electricity? Will the private sector be incentivized to continue investing with the subsidy and the FG owing them billions? Would it be fair to the average Nigerian to remove this subsidy too, given the poor purchasing power? These are the questions those seeking to replace Tinubu should be answering rather than screaming 'Tinubu must go'

MEGAWEALTH02:
Please confirm the electricity situation in your area. Is there power supply at the moment?

There is no Ebola in Nigeria. Hopefully, the 53 people under surveillance complete 21 days without any symptoms.

The election MUST go ahead. Nigeria, and this platform, have been insane because of it. I cant wait to have normalcy back.

MEGAWEALTH02:
Someone is shivering na? 😂

Fidson or Mecure PLC should be able to help out...

Lol. So, you want the subsidy back?


We have a choice to make. Either totally deregulate as provided in the PIB or continue the subsidy. If fuel price is capped at 900 Naira, you would have seen queues back at the filling stations, and Nigerian fuel would have been sold in Garua and Maradi at 1500 naira.

faoogoke:
No matter how his policies seem good even to him and those supporting him.
There is always a time to pause and reflect on the effect on the populace.
It seems BAT is unwilling. He wont listen either.
I expect him to cap fuel price to between 900/1000 notwithstanding crude oil price.
And this Tax nonsense he is doing, he should pause until the generality of Nigerians start getting relief from whatever good he thinks he is doing for the people.

What a relief not to have to read you again!

Streetinvestor2:
That confirmed it so u chop blocking. I don't need them wasting my space on this thread. My political economy discussion here is for those with investment on ngx

Imagine the prospect of crying till 2031. You will make a river. We can make good use of your tears by installing a turbine and using it to generate electricity.

Streetinvestor2:
Are one of them with no investment on ngx too

Cry more

mikeapollo:

Surrounded by ''yes sir'' boys in the name of ministers and appointees.
That is what nepotism breeds

You see the folly in scrambling to defend the indefensible? I work in this space and know most were not reinstated.

megawealth01:
To answer your question, there were 25,000 people involved, and they were all reinstated within a few months.

For more context, you can read the BBC report below:

[BBC News report](https://www.bbc.com/news/articles/cy7x382je03o?utm_source=chatgpt.com)

As you can see chatgpt is the source of the bbc report

So? Is my submission wrong?

megawealth01:
Be calming down. My family is in the US... WASHINGTON DC to be precise

Dey Play.

Go talk to people working at USAID, US CDC, NIH/NIAID, and PAHO/WHO in the US to see how many were thrown out of their jobs because of that single day's action and DOGE.

mikeapollo:
You see you people again?
You said Trump signed executive orders on his first day in office.
How many American citizens lost jobs or companies closed down because of the executive orders?.
MAN says 700 companies closed down because of the policies of your president. I guess you are happy for that ''achievement''?

Lol. I take it you were not following world events when Trump signed a ton of executive orders altering so many facets of life in the USA and abroad on his first day in office?

mikeapollo:
A sudden, off-guard statement by a president creates severe hardship and dislocates the economic life of the people, and you rather expect the private sector and citizens to immediately assume responsibility for the technology and huge costs of transiting from fuel to gas, without any concrete infrastructure support put in place by the govt?
Such decision should have been followed by an aggressive, deliberate policy by govt to establish gas conversion workshops/centres in all universities, polytechnics, technical and vocational colleges, LG/State secretariat, NNPC filling stations and others etc, That is how to ensure that the technology is readily made available and citizens do not suffer for too long as a result of the fuel price increase.

You do not create a problem and expect others to be the ones to resolve it for you. It is irresponsible behaviour.
Similar to how the FG expects governors to solve problems that were created by policies of the FG!

Don't even try to compare what happens in Europe and Nigeria.
No president in Europe would be reckless enough to plunge his nation into sudden confusion and economic hardship on his inauguration day with a statement like ''....whether you like it or not, subsidy is gone...''; without ministers, without a cabinet, without consultation, without a policy document etc. Such president would be made to resign immediately or be impeached soon after his inauguration!

Would you also want to compare the roads and electricity between Europe and Nigeria too? And tell us that the roads and electricity in Europe were built by the private sector, so we should wait for the private sector to build roads/electricity grid for us in Nigeria too?

If you dig deep, you may find out that the man's ethnicity and religion are the source of their apathy.

vacanci:
You and Mega wey be methuselah for NGX and una dey struggle with what happened to Dangote flour. is it not that una just dey envy Alhaji?

I am Yoruba and do not recognize what ODUDUWAN is or means. I am a proud Nigerian, please.

megawealth01:
Calm down. There's nothing wrong with achieving BIAFRA. I have said it severally here that I'm a PROUD BIAFRAN. Are you not a proud ODUDUWAN?

Let's avoid certain things in our discuss because emotions would be HIGH. I hate to be reminded what GOWON and others did my fathers.,. Let's not even go that path.

You na my guy, E get who E go be I go just block them...

BIAFRA is beyond an ideology that you can't takeaway from a TRUE IGBO BLOOD who isn't playing stomach politics

Yes, this ticket would have beaten Tinubu, no doubt, but will that combo offer Nigeria anythign better than the status quo? I sincerely doubt it. This is why I am not enthused by the 'Tinubu must go' mantra. As if once he goes, Nigeria's problems are solved. The people screaming he must go have not offered any credible options to his policies or how they will tackle festering insecurity, etc. And when we ask, their followers insult our intelligence by saying they shouldn't reveal their plans so that the APC won't steal it. Such a jejune argument. The electoral process is like an interview with Nigerians as the employer. You cant hide your plans to meet your deliverables and still expect to get hired.

My final take: Tinubu's administration has done some good stuff with the economic reforms and excellently in the Oil and Gas and Maritime sectors. However, there is a long list of things I dislike in this govt. I dont mind them being replaced, but I DO NOT see better alternatives. Atiku and Obi, to me, are infinitely WORSE than Emilokan.

mikeapollo:
Yes, An Atiku-Obi ticket would be 100% sure to defeat Tinubu!
Why Obi left ADC I don't understand, but that is another story. Some people said he is ''working'' for Tinubu

I dont even think he will make a good Revd Father, as he lies too much.

vacanci:
Your tribesman Obi will make it worse.

That man is supposed to be a Reverend Father. He missed his calling

If the guy's 3rd leg no stand for night na this govt. It's bordering on paranoia now. Mental health struggles are real.

Agbalowomeri:
You dey mind him. NGX has done 5 baggers since 2023. Only during Obasanjo leading to the 2008 crash did we see this before

If they list, I will buy ASAP. NNPCL is Africa's second-largest company by market capitalization. Its listing will push Nigeria closer to the trillion-dollar economy aim.

KarlTom:
I believe that we are seeing more disclosure because the IPO is drawing closer...

https://businessday.ng/news/article/nnpc-advances-ipo-plans-moves-to-close-governance-gaps/

There are so many investors, inventors, and entrepreneurs doing their thing without exporting hate.

I am glad you mentioned China. I have yet to see Jack Ma, the CEO of BYD, and other Chinese oligarchs spreading discrimination or hate or giving Nazi salutes. Musk is the world's wealthiest man, and I dont think the few thousand USD I refuse to invest in his companies will impact him in any way, but at least I have peace of mind for not contributing to his agenda or funding his lifestyle. When I read his anti-Black, anti-Muslim, or anti- Asian people posts on X, my annoyance is tempered.

chimex38:
The bitter truth is that he and his businesses has a net-value addition to society- humanity, survival, basic comfort, discoveries, Luxury and even solutions to previously hopeless health-situations despite his utterances at times.

I don't know you as a person, but if you offer or sell a value that adds value to my life and future generations.
Irrespective of our differences, at some point I will have to swallow that aspect of pride and patronize my destiny helper


even If I don't, my future generations might give-in out of desperation and necessity for lack of conservative alternative.
So?


We are all HUMANS first-of-all before race, tribe, culture, religion. Majority of humans will naturally gravitate towards who and what provides these additions values to them for their human and genetic survival first.


That's why I love China, they are at the forefront of preserving their values and opinions while advancing with technology that inculturizes their Chinese values, perspective, tribe and beliefs.

I think Germans and Japan too were a bit conservative country in the 1800 and 1900s but they also advanced in their own way with the rest of the world while preserving their identity, beliefs and opinions.

I presume you dont follow him on X? Right?

SonofElElyonRet:
You made accusations with no shred of proof or evidence. Man's a genius and I see no racism from him

I will never touch any business owned by this racist islamophobe neonazi by a long pole. I wonder why black people and/or people of the Muslim faith continue to invest in and enrich a guy who routinely incites hatred against them and advances the cause of white supremacy.

SonofElElyonRet:
JUST IN: Elon Musk's Tesla $TSLA and SpaceX $SPCX may announce plans to merge before December, Barclays reports.
Source: Watcher.Guru

Behemoth company

He might just throw in X too

I suspect, or rather, hope, this is what is at play. Let him release some of his holdings to increase the free float.

mikeapollo:
Alhaji should just allot everything 100% to all subscribers
A 12billion or 15billion OS float would not be too much for such mega company.