Business / Re: NNPC Begins Lifting Of Petrol At The Dangote Petroleum Refinery (Photos) by olaremint(m): 6:10pm On Sep 15 |
PlayMaker14: At least, this will cushion the negative effect the hike in the price of the product cause the past weeks... No thanks to the incompetent Buffoon in the helm of affairs.
On a flip side, those clowns supporting this failed government, this is a right time to sit down and reflect about the calamity your Golden calf called Tinubu has done with the economy in just a short time. If your father was the president, pray tell us how he would have revamped Nigeria’s economy in four years, please think carefully about your answer, if you fail, your father will be condemned for life. Olofo
Think. |
Health / Re: Police Arrest Fake Doctor In Bayelsa (Photos) by olaremint(m): 1:38am On Aug 31 |
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Foreign Affairs / Re: South Africa Marks 150 Days Without Powercuts, Boosts Currency (PICS) by olaremint(m): 1:22am On Aug 28 |
Smartcitizen: Tinubu and BUHARI are big time curses to Nigeria. It’s obvious that fake and false news these days are a thing. On twitter in the last 3 to 5 months, SA folks were complaining of load shedding of over 3-5 hours , now someone is claiming they are marking 150 days of uninterrupted light. |
Education / Re: Kwara Student Found Dead After Being Paid ₦15,000 To Act As Girlfriend by olaremint(m): 12:15am On Aug 22 |
Davidic1999: Her watch has ended.
Sadly this is what tinubu has turned the land into
To those calling her ashawo, I pray you don't experience hunger because that situation can make you do the unthinkable If you like don’t train your daughters well, her mum who is a cleaner is still alive because she heeded her parents advice, she failed to heed her own parents advice. Does this girl look hungry or malnourished to you. Continue to blame Tinubu for your failures |
Business / Re: Tribapay Platinum Card Is One Of The Best Dollar Rates Right Now!! by olaremint(m): 5:53pm On Aug 16 |
olaremint:
And on top of that, u pay maintenance fee And transaction declined fees 1 Like |
Business / Re: Tribapay Platinum Card Is One Of The Best Dollar Rates Right Now!! by olaremint(m): 5:53pm On Aug 16 |
skultrick: No be to dey shout very good rate. What is your rate today lemme compare it this Chipper criminals.
Chipper put exchange at $1787 when it is $1590 in black market. If you now want t to withdraw the dollar you funded at $1787 they will pay $1585.
This is pure daylight robbery. To even pay for services go dey fear you. And on top of that, u pay maintenance fee 2 Likes |
Politics / Re: Can Someone Earning ₦21M Monthly Afford This Garage? by olaremint(m): 9:30pm On Aug 15 |
ChristCee:
I know we don't like these politicians and their corrupt practices but have you considered the possibility that he might have other businesses and income streams within and from outside Nigeria? Remember poor person no dey become senator oo before you enter that chamber you must have already become a millionaire. Have u ever considered the possibility that your are just plain stupid 1 Like |
Celebrities / Re: Singer Chike Gifts N1m To Troll Who Said Mohbad Was The One Who Made Him by olaremint(m): 3:18pm On Aug 14 |
Clout chasing |
Celebrities / Re: EFCC: I Did Not Petition Paul But Jude - Peter Okoye by olaremint(m): 6:10am On Aug 13 |
Sonnobax15: Honestly,Psquare just dey fall our hands .......
Their break up didn't only affect the music industry but also gave birth to this modern day musicians and their nonsense songs that have been disturbing our ears
Na dem, they can destroy their heritage for money. See the people that wants to govern Nigeria, they can’t even maintain a family |
Politics / Re: Edo Refinery Laments NNPCl’s Failure To Supply Crude Oil For Production by olaremint(m): 5:00am On Aug 12 |
Smithkafors:
Which Atiku?.
Peter Obi is the only one who can fix this country for now.
PO 2027. God willing. Nigeria shall be great again! U are a fool if you think Obi can tackle the cabals or oil mafia in this country. He won’t last a week. Even Asiwaju and Dangote are not finding it funny, u want to get a dog in a cage fight with a lion It’s a no brainer, Obi won’t last five minutes, go and ask your progenitor Ojukwu what he faced despite being a tiger himself Rubbish |
Politics / Re: Hunger Protesters Reject Tinubu's Plea To End Protest (Video) by olaremint(m): 11:21am On Aug 05 |
3 Likes 1 Share |
Satellite TV Technology / DSTV For Sale by olaremint(m): 11:18am On Aug 05 |
Dstv dish, decoder and all accessories for sale for 50k. The owner has relocated to Canada Call 08066451167 |
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Politics / Re: Tinubu Is The One Elected By The People - Peter Obi by olaremint(m): 6:22am On Aug 03 |
NotProphet:
regardless of what INEC did tinubu hold that seat now so it is normal for us all to accept it since we cant do anything about it now.
it is not a blow to anybody, it is you that lack simple logic and comprehension Your generation are just clueless, they really played you 9 Likes |
Politics / Re: Vandalized Residence In Edo Owned By Christian Feeding Programme - CAN by olaremint(m): 7:48am On Aug 02 |
Chinjo2: Everybody in Edo state knows that Governor Obaseki in order to ensure that feeding progtamm is not hijacked by politicians decided to adopt the method of allocating rice to both CAN, PFN and Muslim Welfare board for onward distribution to their members. The rice is not palliative sent from Abuja but a home grown initiative by the state government. APC however decided to accuse Obaseki of hoarding rice just to score cheap politicial point. Did u read the inscription on the bags of rice, I bet you can’t understand even if u can read |
Politics / Re: Nigerians In UK Kick Off #endbadgovernance Protest In London, Demand Change by olaremint(m): 12:11am On Aug 01 |
God1000: Good, This protest should happen all over the world, not only in Nigeria
It's no longer business as usual Mr president So Dss was right that there were being funded by foreign Igbo elements |
Politics / Re: Court Restricts Protests In Lagos To Freedom, Peace Park by olaremint(m): 8:53pm On Jul 30 |
Xscape1993: Where was the court when the drug master sponsored so many protests during Jonathan's regime? Why is the certificate forger afraid of protest and constructive criticisms? Pretenders everywhere... Be running your tap, if you like go to ikeja under bridge, prison is loading for you 1 Like |
Politics / Re: Soldiers "Take Over’ Major Abuja Road 72 Hours To Hunger Protest by olaremint(m): 1:02pm On Jul 29 |
LagosPrince: The soldiers won't be stupid to make the same mistake that they made during the Endsars protest because it may not be business as usual o
So they better use their sense and avoid use of force this time to avoid anarchy and doom for this great nation Be typing grammar, if they are shooting go there and put your chest 1 Like |
Politics / Re: Once Survived Attempted Assassination, Brief Profile Of Late Sen. Ifeanyi Ubah by olaremint(m): 2:17pm On Jul 28 |
Depriest2020: With a heavy heart I send my sincere condolences to his immediate family, the good people of Anambra state, his Nnewi community and to one of his PR assistant who is a Nairalander @ ChumzyOma. Take heart, I pray 🙏 God grant you'all the fortitude to bear the loss. Am sure that you are part of the people that wished death on Tinubu U people have forgotten that matters of life and death rests solely with Allah |
Foreign Affairs / Re: Typhoon Gaemi Hits China After Deaths In Taiwan And Philippines by olaremint(m): 12:39am On Jul 26 |
Afonjah: Coming very soon to Lagos Island And later to your father and mothers village |
Politics / Re: Court Rejects pro-Wike Lawmakers' Request To Shut Down Rivers Expenditures by olaremint(m): 2:22am On Jul 22 |
Chigozie321:
😂 Oga buy the constitution and read, the internet is not an education 1 Like |
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Politics / Re: Investment In Dangote Didn’t Align With Our Strategic Goals – NNPC by olaremint(m): 12:43am On Jul 15 |
villagereporter: Blue murder. No wonder dangote was importing crude oil from America. Masses are finished in this Tinubulation govt. Go school na lie, u want to sell iPhone, school na scam, with little education, u won’t think like a rat |
Politics / Re: Court Bars Rivers Chief Judge From Acting On Resolutions By Pro-wike Assembly by olaremint(m): 5:09pm On Jul 08 |
Validated: You order me, court bars you. Fubara should demolish the meeting place for these rascals following Wike. Then revoke all cofo for whatever they own in Rivers State. Demolish their personal homes with 5 days eviction notices. U are just a mumu, those 27 members can even sit in an hotel, Fubara is history 1 Like 1 Share |
Celebrities / Re: “I Denied Davido Access To My Body, Not Our Daughter Imade” – Sophia Momodu by olaremint(m): 10:17am On Jun 26 |
SoNature: It's a shame that Davido wants to keep sleeping with Sophia while married to Chioma. He feels entitled to Sophia's body because he's taking care of their daughter, Imade.
It's quite unfortunate that Chioma doesn't have a problem marrying a community d!ck like Davido all thanks to fame and fortune. But na wa 4 u oo, u believe everything you read instantly. What will David still be looking for in her body with all the millions of fresh girls out there and not after one 1 Like |
Celebrities / Re: Davido Sues Sophia Momodu For Imade’s Custody by olaremint(m): 9:23am On Jun 20 |
esira: The father or the mother, who is supposed to bring up a child ? Do you know the meaning of joint custody? Sorosoke generation 2 Likes |
Politics / Re: Policeman, Vigilante Member Feared Killed In Rivers As Tension, Protests Spread by olaremint(m): 4:54pm On Jun 18 |
hurryup123: Rivers state is hot as we speak But fubara is in charge
Say No To godfatherism
People are actually passing through a lot
Vissionless Tinubu change agenda is working. TINUBU'S AGENDA IS GOING ON SUCCESSFULLY AS WE ALL CAN
U PERCEIVE.
1. Petrol from N97(GEJ)-780k - in most other places over N810
1. Bread from 500(GEJ) to 1800 Tinubu
2.DStv/Go tv subscription Hike twice in let's than 4 months
3. Rice(foreign) from 10k-70(Local) a bag painter 6k-7k
4. Kerosene from 120(GEJ) naira to 1500 and above .
5. Wike/Fubara's Rivers state crisis under his watch
6. Kano state Emir tussle under his watch
7. Garri from N260(GEJ) to N4000 per paint.
8. Sugar 250(GEJ) 1500
9. Electricity charge from N3000 to N17000 per month even when not available
10. Scarcity of money in all sphere of life, yet abundantly available if one is a Tinubu's son/ groups owambe.
11. Killings from few individuals to whole communities being wiped out
12. Police/military roadblocks from 1 per 40km to 2 per 3km
13. Crude oil illegal bunkering from 10,000 barrels pd to 2000,000 barrels pd.
14. Constant industrial actions by many organisations(NLC)
15. From the sack of few workers to the sack of thousands of workers.
(Guinness announces plan to leave Nigeria after 75 years as Tinubu’s inflation wreaks economic havoc)
(GlaxoSmithKline Consumer Nigeria) (Heritage bank) (Lazarpay) (54Gene– 54Gene shut down ) (MABISCO Biscuit shut down) (Sanofi-Aventis Nigeria Ltd) (Equinor Nigeria Energy Company (ENEC) (Bolt Food shut down) (Procter & Gamble (P&G) shut down) (Jumia Foods shut down) (Louis Carter Industries shut down) (Moak Enterprises shut down) (Tower Aluminium shut down) (Technoflex Company Limited shut down) (Evans Medicals shut down) (Multi-Trex Integrated Foods Plc shut down)
16.SSCE/JAMB rate of failure from 20% to over 85%
17. Trust, love and unity among citizens from substantial to zero
18. Misappropriation of funds from Millions of Naira to Trillions of DOLLARS or TRILLIONS of naira
19. Budget implementation from 40% to less than 20% Per year
20. Roads from potholes to huge craters and cut-offs
21. Economy from worse in Africa to greatest in Africa on paper, but the masses from poor to poorest
22. Defection of polititians from a few tens to hundreds of persons, in some cases thousands from one party to the other. Nigerian soldiers now defect to other countries
23. Transport fares, from a few hundreds of Naira to several thousand of Naira, on both air and road networks
24. Bribe takings from only police, now includes all authorities, soldiers inclusive
25. ATM charges from zero to N150 per transaction
26. New English phrase called 'Tactical Manoeuvre' when soldiers are deliberately dispatched with low grade weapons to be killed by a well armed "Herdsman"
27. Bribery scandal from few to substantial
28. Police pension scam
29. Beans from 400-9000 painter
30. Cement from 1300-8000
31. Tomatoes from 3500-130k a basket
32. Yahaya Bello stole 80Billion of Kogis money
33. 17 generals killed under his watch in delta
34. Ram from 25k(GEJ) 150k-1million
35. Handling Herdsman/boko haram with kid gloves only to report that the nation is winning on insurgents.
36. Election ballot box snatching and grabbing all over Lagos/Rivers state
37. Lagos calabar highway worth trillions of dollars awarded to Tinubu's ally
38. 3.4bn missing under his watch in let's than 4months(SERAP sues Tinubu over alleged missing $3.4bn IMF loan)
39 Sweet National anthem changed to what I don know
May God give us the wisdom to vote the old fools out of office, and send him packing from Aso-rock, to Osun state where he came. come 2027 U will soon blame Tinubu for your mother cheating on your father |
Travel / Re: Wreckage Of Plane Carrying Malawi's Vice President, Saulos Chilima (Photos) by olaremint(m): 7:54pm On Jun 11 |
GOFRONT: Chaiii
This scenario fits well for Tinubu and shetty. Hopefully, this fate awaits them nextmonth.
Btw, watch as bloggers overflog the biography of this Malawian president in the coming days Mark my words, u will surely die before Tinubu and Shetty 9 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by olaremint(m): 10:14am On Jun 03 |
Omooloriredade: My commentary on Oando results to date. Since it's Oando we are talking about here, permit me to start with disclaimers.
1. This is not a recommendation to buy, sell or hold Oando. 2. I don't have a finance or investment background and I'm not licensed to provide investment advice. 3. I could be sincerely wrong. I have been wrong many times before. 4. I'm not suggesting the market will rerate Oando's SP off the back of results released to date.
Cons 1. Risk of Oando being delisted from the NGX. Process will be to acquire minority holdings before delisting. N7 as per SOA is highly unlikely if it were to eventuate. 2. Delay in finalisation of the Oando vs NAOC deal. 3. Negative equity / retained earnings. 4. Dividend income unlikely in the near future due to the above. 5. History of late filing of results / regulatory non-compliance. 6. Management have a reputation of being dodgy. 7. Oando carries sustantial debt and impairment in its books. 8. Production or operations interruptions due to militancy in the Niger-delta region. 9. If it remains listed, Oando needs to prove to the market that it has turned the corner and it's upwards and onwards from here. It remains to be seen.
Pros 1. Recent flurry of earnings release if sustained may signal a change for good. 2. Management has indicated a desire to release results as and when due according to latest media release. 3. A return to profitability in recent results (Audited FY'22 and unaudited FY'23). 4. The return to profitability is despite the reduction in the average realised prices of Oil, Gas and NGLs. Increased Oil production minimised the impact to revenue in the E&P segment. 5. Production can be cranked up to improve revenue and margins. 5. The E&P segment of the business is the "money spinner" - higher profit margins. The trading arm is the cash cow albeit with low margins. Please see note 3, page 23 of unaudited FY'23 results for details. 6. Management has indicated a desire to wind down trading in low margin refined crude products (PMS, diesel etc) hence the recent sell off of assets to NNPC and the noticeable decline in reported revenues in that business segment. 7. Back to the E&P, any increase in production will lead to remarkable profitability of the group. This may be reflected in the FY'24 results if Oando is able to secure Ministerial consent and regulatory approval required to close the NAOC deal. It will double production numbers instantly. Please refer note 17, page 27 & 28 of unaudited FY'23 results for details. 8. Management also noted the marginal production increase in was a result of repairs of shut in wells offset by persistent sabotage activities. If these wells come back online this FY, there may be a sustantial increase in production numbers leading to improved margins and sustained profitability.
Peer Comparison 1. Seplat is heads and shoulders above Oando in terms of quality of management, filing of results, regulatory compliance, business & organisational structure and operations. 2. Seplat's PE is 36.77 based on the FY'23 EPS of 92.75 and SP of N3,410. 3. Simplistic comparison only - if we assume this is a fair industry PE and forget Oando's woes for a second, the market could potentially value Oando at 36.77 x N6 = N220.62. However, in my opinion, this is practically impossible at this stage with a history of delayed and negative results, no dividends or returns to shareholders in years, negative equity etc.
Again, I'll make a reference to the E&P business segment of Oando Plc. The company (Oando) through it wholly owned subsidiary (Calabar Power Ltd) purchased the entire 2.22% holding of M1 Petroleum ltd in OEPH at a consideration of $1.70 per share (yes, the E&P is that valuable). Actually, I'm unable to confirm the MCAP based on this price (no idea of OEPH issued capital). Please refer to note 30, page 29. The E&P segment will be doing the heavy lifting for Oando plc into the future. It is the one to watch. Supply and trading will provide the astonomically high revenue figures but the margins have not been as imppressive.
Summarily, I believe it's all about the E&P business segment. Hence why the deal with NAOC is a game-changer for the company.
OANDO OANDO OANDO, what is the big deal about this company ? I don’t think any diligent investor should bother about that company 2 Likes |
Crime / Re: Benin Residents Shut Gate Against Police Officers Who Came To Raid Their Home by olaremint(m): 8:19pm On Jun 01 |
richiemcgold:
Oga go back to your station if you can't provide warrant.
All thanks to technology for this era of internet and mobile phones.
Which stupid warrant are u asking for, by the time you are sentenced to 20 years in jail, you will know that a warrant does not invalidate an arrest 2 Likes |
Politics / Re: Governor Sanwo-Olu Swears-In 13 Newly Appointed Lagos High Court Judges by olaremint(m): 8:17am On May 31 |
Justiceganduje: Only Yorubas? Only yorubas, when u give a mouse a cookie, it will ask you for a glass of milk 17 Likes |
Culture / Re: Emir Sanusi & Bayero's Conflicting Court Orders: A Lawyer's View. by olaremint(m): 11:21pm On May 28 |
nlfpmod:
Foundational Nupe Lawyer The subject matter is what you failed to appreciate in your lengthy submission. In Ado Bayero case the subject matter at the FHC is his fundamental Human Rights which he rightly filed at the Federal High Court |