₦airaland Forum

Itzlinda:
You’re right that change is constant, but transition speed varies depending on infrastructure and global equity.

Unlike phone or AI that transition happen very fast, switching to EV cars require huge physical investment in infrastructure--power grids, roads raw material etc.

So if developed countries have such resources in abundance, developing countries are far behind and don't have capital to support EV infrastructure overnight. Nigeria is still producing less than 5000MW with incessant national grid collapse.
I don't think Petroleum cars will die. But the usage will shrink in developed countries while it lingers in developing countries for a very long time.

Alhaji would not have built 25bn refinery with that existential threat.

Itzlinda:
Electric cars will continue to exist hand in hand with fuel cars for a very long time.

I don't see electric cars stopping production of Petroleum cars in the next 50 years sef.

Electric cars need lithium and rare earth metals which are very limited.

For context, to electrify all cars by 2050 the world would need more lithium than the currently known reserve!

Even in rich countries long journeys are more realistic with petrol cars because charging stations are not available in rural areas.

ATTAHDYE:
Crude oil or "fossil fuel" like most of you like to call it when going green, is more that petrol and diesel.

There are several other distillates that are as important as petrol.

So even if you stop the importation of petrol/diesel powered vehicles, you still need plastics, lubricants and so on to make that EV.

You will work naked because even the clothes you wear are made from petroleum byproducts.

The curtains are not closing anytime soon on fossil fue!

Agbalowomeri:
Wahala
E be like say guyman dey make plenty money for this refinery

Streetinvestor2:
Why umuahia .Hmmmmm

awesomeJ:
When you trade 1% of deals in the market, you'll be welcome to the conversation. For now keep on accumulating theories with little to no profits.

Some bet9ja watcher in Umuahia asking Jurghen Klopp if he knows about how PL points work.

pluto09:
The ASI upward movement in the month of October is a pointer to the fact that investors as against speculators are still betting on the NSE

awesomeJ:
It's the sole indicator of market performance. But in this market, there are the players and there are speculators that try to analyze what they don't understand.

GeneralDae:
I get your point but I was looking strictly at the ASI.

GeneralDae:
I tire oo. October has been one of the best months this year so far. I think only in July has the market performed better in the first 15 days.

nosa2:
How do I access it?

awesomeJ:
I recommend you keep your alcohol content below 30%

How do you think I would spank your head if I wanted? Like send it as an attachment to a nairaland post?
Maybe you're abusing the term.


For deflation, you're right, I used the term wrongly.

I should have used a different phrase. "price reduction" or something.


For purchasing power, you're still wrong.

This is the point:
There's price reduction on some items and so that supports the disinflation the NBS is reporting.

Your talk about purchasing power doesn't connect to that point.

But since you hardly comprehend, let me help you by saying that I am not saying purchasing power has no correlation with inflation, there's obviously an inverse correlation between the two.

What I'm saying is the point I made isn't about purchasing power, so don't digress.

awesomeJ:
Boyish is good.

You can look for harsher qualfiers if you want.

But your comprehension problem still seems to persists.

If prices on some items are down, then there's defaltion on those items.

It's all I said, so why are you talking long?


I mean I posted about inflation number at 18% why would you infer that I said the economy has now entered deflation?


Purchasing power blah blah is not at all in context here.

Maybe I should just leave you to get sober.

awesomeJ:
You think those prices are customized for me? or what are you saying??

If all your consummmables are costlier yoy, i think you're the one who's an exception.

Most people I know pay less for rice yoy, same with petrol, diesel, and beverages.

I don't do beer, maybe that's more your thing. If so, maybe don't respond to posts while you've filled up on it.

awesomeJ:
you do not have any right based on what you deem, cos your deeming is dimmed by silly emotions and perhaps poor intellect.

You do however have a right to counter if indeed my post is nonsensical.


In this case, it's absolutely not.

The only reason you have a dim deem is cos of your bad emotions or poor intellect or both.

Let me help you.

When someone says they're experincing defalation on some items, what it does is buttresses the fact that there's generally disinflation in the economy, if you think it instead counters that fact, you really do need more help.

awesomeJ:
1. Tell me how exactly it's your business?
2. Tell me why you think I owe you an explanation
3. Tell me how your lack of comprehension should be my concern.

awesomeJ:
I never said your quoting did harm or injury. All I said was that it was irrelevant to my post which you quoted. It's like you thinking John needs a lecture about disinflation, and instead of directing your lecture to John, you left John and directed it at Peter. Peter can raise objections, it's not a big deal.

For your last paragraph, the inflation reported isn't vs 2023, it's vs 2024, why do you prefer unnecessary complications.


Maybe try to grab a can of chilled malt from a store (not greedy retailers), you'll also witness the deflation in price. Or if you remember how much it cost to fill your car's tank about this time last year you'd realize it's almost 20k cheaper today. or if you eat rice, etc

mallamOmonile1:
🤣🤣🤣🤣🤣

There is no sense in selling your stocks
If you sell and develop the interest of buying back later,same 25% applies.

You either become a trader by selling and using same proceeds to buy back when there is pullback.This method will add more units to your holding from week to week,month to month and year to year.

Good news to brokers since withdrawals will be limited because of 25% tax on withdrawal.Funds will always remain with brokers account.

The next choice here is you can use your stocks as collateral for loan.This is even the best option to beat Tinubu tax.Megawealth has even explained this in the last few pages.

No need to panic.when yam begins to hot,there must be a way to eat it hot.

ositadima1:
According to my dividend discount valuation, GTCO should be at a minimum of ₦112. Just wait for the emotional sellers to push it down a bit, then enter. As long as they can maintain this ₦8 dividend—hopefully even increase it next year—the outlook remains strong.

nosa2:
They don't need to raise money. Shares will be issued to the private company and current shareholders will become minority shareholders of the larger company.

Smart move if you ask me. Though it reeks of insider dealing. The Telluria guys knew about this from the beginning

innovestor:
I have read lots of posts about PENGASSAN vs Dangote and by extension the Oil and Gas industry vs payments/benefits.

Though these have nothing to do with this thread but are quite very intresting reads.

I will summise my contribution this way. For those of you trying to convince the persons that are not in the Oil and Gas industries why those in this industry face lots of hazards, have specific skill sets and hence "big" pay, i wish you good success, thoughi doubt you will be lucky in achieving that. . Its like explaining the the science and maths behind a catalysitc cracking unit and how to optimise the yeld of a specific output like PMS to a Professor in Economics (he has no use for it at it makes not sense to him). This misunderstanding has brewed some really strong hatred for PENGASSAN and what they do. I know people who work in this industry and have some understanding why they get paid the way they do.

Goodlukc to those who think any form of union is not important and see them as agberos. .

Potvalor:
It is also a skill-level issue. You can conveniently replace 100K Okada Riders across Nigeria within a day, but can you replace 100 Pilots within same time frame? Top jobs attract top talents (the first-class, best of the 2:1s after rigorous employment screening process), so it is understandable that their pay range falls in the top-tier. Same thing is applicable in every other Nation/Economy.

Not long ago Boeing Employees went on strike and shut down the company's operation for a better pay package. What was the final resolution? Did Boeing sack the staff? This is why I believe this Dangote Refinery issue could have been handled better. The final resolution isn't a “WIN” to Nigeria in my opinion. My final take on this topic.

GeneralDae:
In a refinery anything can go wrong. In NNPC then, we were provided PPE’s but only the helmet and safety shoes. We weren’t given masks but we inhaled dangerous chemicals sometimes.
Also, at a time while we were all close by, someone failed to control the reactor temperature using the valve as instructed and quickly left because his shift had ended. The guys in the control room had to come out and a little more delay may have eventually led to a fire outbreak. Stuff like that happen all the time in a refinery.
Most importantly, hazardous chemicals inhaled in a refinery kills slowly. The sulphur content leads to dangerous cancers over time. So a refinery job is truly highly hazardous.

emmanuelewumi:
I don't think that is all inclusive of other allowances.


Even as terrible as it may be, why should anyone who knows his worth, be fighting to be called back.

GeneralDae:
How is my figure emotional? Even by industry standards that is low for a refinery when there are no additional benefits. Also, the location matters. I am not comparing them to Seplat and the likes who pay 3 million to graduate trainees ( these are upstream of course), I am comparing them to other refineries and I am saying given the expensive location (where accommodation is difficult), 400k doesn’t cut it. But 700k would be very okay. If there are added allowances and incentives then 500k minimum would do.

GeneralDae:
This is a refinery. A very harzadous and risky environment. If you don’t pay health insurance and other allowances as alleged, then considering the location (Lagos Island), 400k is little. If he adds the benefits then he can maintain it at the 500k level. Again, this is 2025 with naira at 1470. Even when naira was at (150 - 200) to the dollar, control room chief operators and line managers earned in the range of 500k to 700k already in NNPC (2013 - 2014), now they should earn nothing less than 2.5 million if the refineries start working.

GeneralDae:
This is a refinery. A very harzadous and risky environment. If you don’t pay health insurance and other allowances as alleged, then considering the location (Lagos Island), 400k is little. If he adds the benefits then he can maintain it at the 500k level. Again, this is 2025 with naira at 1450. Line managers should of course earn nothing short of 1.5 - 2 million currently.

GeneralDae:
400k is definitely a terrible salary for a worker in a refinery operation living around Ibeju Lekki or the Island. At least 700k for a graduate trainee should work especially if there are no health allowances and other incentives (if the report from the workers on that are to be taken into consideration).