₦airaland Forum

essentialone:
Yours truly have finally jumped out of the aeroplane of Wale's Oando, even at a loss. We gain some, and we lose some.

I wish those who are still in it a safe flight, to its uncertain destination.

You crash out at #13.80
Don't worry we will remind you when it get to #500 since you don't know that OANDO now run the affairs of NNPCL

BARGAIN HUNTERS TAKE NOTE!

https://westernpost.ng/breaking-president-tinubu-moves-revenue-from-crude-oil-sales-to-cbn/


PBAT is a GAME CHANGER.

Firstly he moved CBN down to LAGOS now he hands over the AFFAIRS of NNPC to CBN 🤣🤣🤣

If you don't get it forget it.....

PETERiCHY:
OANDO currently on FULL BID @#13.80k 🎉
DESTINATION = #500
TIME FRAME = 12mths
USD = #1420
Meanwhile 98% of OANDO earnings is in USD

BARGAIN HUNTERS TAKE NOTE

USD sighted @#1451

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
Finally WE are BREAKING the #16.50k BARRIER 🚧. WATCHOUT 👀 for BREAKOUTS.

BARGAIN HUNTERS TAKE NOTE

OANDO currently on FULL BID @#13.80k 🎉
DESTINATION = #500
TIME FRAME = 12mths
USD = #1420
Meanwhile 98% of OANDO earnings is in USD

BARGAIN HUNTERS TAKE NOTE

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

This guy is really pained he missed the historical BULL just like the GENERATIONAL LOW GANGS

He better tag along with the so called OLIGARCHY STOCKS because they aren't coming down anytime SOON.

BARGAIN HUNTERS TAKE NOTE!

megawealth01:
Where's PETERICHY? Hope you are good?

Any sincere update about the market?

We are patiently waiting for Feb 5th

BARGAIN HUNTERS TAKE NOTE!

yak:
whicch stock please?

https://www.premiumtimesng.com/news/top-news/606922-exclusive-nnpcls-secret-deal-with-ovh-leaves-workers-angry-disillusioned.html

EXCLUSIVE: NNPCL’s secret deal with OVH leaves workers angry, disillusioned.

NNPC says it acquired OVH Energy, however, it now appears to workers of NNPC Retail that it was OVH Energy that did the acquisition.

A wave of excitement filled the atmosphere when the Nigerian National Petroleum Corporation Limited (NNPCL), last October, announced the acquisition of OVH Energy Marketing Limited, the company behind the Oando Retail brand in West African countries. The then board chairperson of NNPC Limited, Margret Okadigbo, said the acquisition would strengthen NNPC’s downstream business portfolio and enhance national energy security and profitability.

NNPCL had the intention to have 1,500 filling stations, Ms Okadigbo said, and the acquisition would bring over 380 additional filling stations operated by OVH Energy under the NNPC Retail brand in Nigeria and Togo.

“We will be Africa’s largest petroleum product retail network,” she was quoted as saying in an NNPCL statement.

Although the news was exciting, the events trailing the acquisition of OVH Energy are disillusioning. Despite a Freedom Of Information request, NNPCL kept details of the acquisition under wraps with many alleging shadiness. However, PREMIUM TIMES found that the acquisition of OVH Energy has turned NNPC Retail into a toxic workspace with officials of the former taking over the running of the latter, and causing anger and disillusionment among staff.

The OVH Energy acquisition
The narrative that trailed the acquisition of OVH Energy by NNPCL was that the Africa-focused downstream company is highly lucrative with over 300 filling stations across the country and above. The simple interpretation of this is that with the acquisition of OVH Energy, NNPC Retail would take over all its filling stations, turning it into the largest downstream company in Africa.

To be clear, in 2015, Oando PLC, then Nigeria’s leading indigenous energy group, announced a $210 million deal to change the capital structure of its corporations by merging with HV Investments II B.V., an Africa-focused private investment firm, and the Vitol Group (“Vitol”), then known as the world’s largest independent trader of energy commodities.

On 30 June 2015, a new company was formed to hold interests in Oando Marketing Limited and its subsidiaries by merging the two companies. Oando PLC would then retain 49 per cent shareholding in the newly formed downstream firm, with the Consortium owning 49 per cent, while Residual, a local entity, owned just 2 per cent. The recapitalised corporations would be renamed OVH Energy (“OVH”), reflecting its ownership structure and the commitment of its new shareholders.

In 2022, NNPCL announced the outright acquisition of OVH Energy. By this acquisition, OVH Energy would be merged with NNPC Retail, a subsidiary of NNPC Limited.

“Our acquisition of OVH brings more NNPC branded fuel stations under the NNPC Retail Limited umbrella, providing wider access for our customers, an enriched supply chain and product availability across our different locations,” the Group Chief Executive Officer of NNPCL, Mele Kyari, said in a statement to Nigerians.

However, those with vast knowledge of the NNPC’s inner workings told PREMIUM TIMES that exciting claims made to justify the acquisition of OVH Energy were exaggerated. They accused the NNPC of deliberately pushing inaccurate narratives to deceive the public about the purchase of OVH Energy. The insiders would not want to be named over the fear of victimisation by the Mr Kyari-led management.
“Only about 94 stations are OVH owned; over 100 stations were leased while others are affiliations,” a senior NNPCL official with access to the information, told PREMIUM TIMES. His view was corroborated by at least two other officials with all of them saying that NNPC’s claim of owning 300 new stations by acquiring OVH was false.

“This is one of the most shady deals ever in the oil industry globally. Not even the executive vice presidents of the NNPC know the details of the acquisition,” one other senior NNPCL official said.

OVH Energy takes over NNPC Retail
In the eyes of the public, the NNPC has taken over OVH Energy by acquiring it. But in operational terms, it is OVH Emergy that has taken over the affairs of NNPC Retail in what one NNPC Retail official described as “the worst possible acquisition deal ever”.

Upon the acquisition of OVH Energy and its incorporation into NNPC Retail, a new Managing Director was to be appointed. Senior officials of NNPC Retail expected that one of them would be appointed the managing director. This was a given, they thought. After all, it was an acquisition, with the larger and more profitable NNPC buying the smaller and loss-making OVH.

They were wrong.


First, the Mr Kyari-led management team appointed Huub Stoksman, an expatriate and former Chief Executive Officer of OVH Energy, as the new Managing Director of the NNPC Retail. Mr Kyari also appointed the former Chief Operating Officer (COO) of OVH Energy, Mumuni Dangazau, as his Special Adviser Downstream.

Many officials of the NNPCL, including senior staff, believe Mr Dangazau’s appointment effectively sidelined the Executive Vice President (EVP) Downstream of the NNPC whose office ordinarily oversees NNPC Retail.

?


“The EVP has no say any more in NNPC Retail. It’s between Stoksman, Dangazau and Kyari. He is not even on the board of NNPC Retail,” one official said.

findings show that the EVP Downstream used to be a member of the board of NNPC Retail until the Petroleum Industry Act was signed into law after which a new board was constituted.

Our findings show that the appointments of Messrs Dangazau and Stoksman by Mr Kyari stirred controversy among the staff of NNPC Retail. Here is why.

In March 2022, Mr Dangazau became a director at Nueoil Energy Limited, a Nigerian oil company. Before then, he had been the COO of OVH Energy, which is now integrated into NNPC Retail. In September 2022, Nueoil acquired OVH Energy. And by October 2022, NNPCL announced the acquisition of OVH Energy. The role Mr Dangazau played in the acquisition of OVH remains unclear for now but NNPCL officials say he was central to the deal.

For Mr Stoksman’s appointment, officials wondered why Mr Kyari felt no Nigerian was good enough to lead NNPC Retail after the acquisition. They expressed worry that none of the NNPC Retail management team, who had ensured the subsidiary remained profitable compared to some other NNPCL subsidiaries, was good enough to be appointed the managing director. The officials were curious about why Mr Stoksman, an expatriate that led OVH, a loss-making organisation, was appointed MD of a profit-making NNPC Retail despite the existence of competent hands within the NNPCL.

Profitable NNPC Retail ‘consumed’ by OVH Energy
Since his appointment as the Managing Director, Mr Stoksman has ensured a virtual takeover of NNPC REtail by OVH, this newspaper found. First, he set up a management team for NNPC Retail, made up of about 75 per cent of OVH staff. This led to grumblings by serving officials of the NNPC Retail. As of Monday, of the 12 management team members of NNPC Retail, including Mr Stoksman, none was from the old NNPC Retail, three from NNPCL and nine from OVH.

“Did we acquire them or did they acquire us, how come they are now the ones in the management,” one NNPC Retail staff pondered.

Also, on 5 June, Mr Stoksman summoned a staff meeting and announced that the headquarters of the NNPC Retail would be moved to Lagos, where OVH is headquartered.

“I could not believe my ears when he said that,” an NNPC Retail staff who attended the Abuja virtual meeting told PREMIUM TIMES. “Only God knows what deal Kyari signed with them, perhaps they are the ones that bought NNPC Retail.”

On Monday, PREMIUM TIMES contacted the spokesperson of the NNPCL, Garba-Deen Muhammad, on our findings contained in this story. Mr Muhammad did not pick up our calls but responded to a text message in which he said he would get back to our reporter. He has yet to do so at the time of this report.

NNPC Retail has been profitable since 2017, an independent verification by PREMIUM TIMES, based on reviews of the financial details of the two companies, showed.

?
PREMIUM TIMES reviewed the financial details of the two companies prior to the acquisition.

In 2021, the NNPC Retail said it sold N283.6 billion worth of petrol, diesel, kerosene, gas and lubricants across its 550 stations. An increase of N83.3 billion compared to the N200.3 billion worth of products it sold in 2020, according to its audited statement for the 2021 fiscal year.

NNPC Retail was established in 2002 as a strategic unit of NNPC Limited, Nigeria’s mother petroleum body. In 2009, it became a limited liability company and a subsidiary of NNPC Limited with just a retail station acquired from defunct Texaco Nigeria at Ikoyi, Lagos.

In 2021, the NNPC Retail stations grew from two in 2002 to 550 stations.

In terms of profitability, NNPC Retail, with an average market share of 10 per cent, made a Profit After Tax of N2.8 billion in 2019, N1.5 billion in 2020 and N4.9 billion in 2021. OVH, on the other hand, with an average market share of 5 per cent, made a Profit After Tax of N500 million in 2019, a loss after tax of N1.5 billion in 2020 and a loss after tax of N7.4 billion in 2021.


We won’t provide details of the acquisition — NNPC
On 9 January, PREMIUM TIMES sent a Freedom of Information (FOI) request to the NNPC seeking details of the acquisition of OVH Energy and asking salient questions about the integration of the company into the NNPC Retail. A few weeks later, on 27 January, an attorney of the NNPC, Tunde Adejumo, responded, saying the company was no longer compelled to reveal the details requested to the public.

In his response, Mr Adejumo noted that “with the coming to effect of Sections 53 and 54 of the Petroleum Industry Act 2021, the Nigerian National Petroleum Commission (NNPC), which was a public institution, has transited to the NNPC Limited, following the later’s registration as a limited liability company under the Companies and Allied Matters Act 2020”.

In other words, the NNPCL, through its attorney, said it rejected PREMIUM TIMES’ inquiries on the ground that NNPCL is no longer a public institution. “It is given the above-stated reasons that we are unable to accede to your request for information sought,” the NNPC attorney said. “Your request is at this moment denied and we hope you understand our client’s constraints.”

However, contrary to Mr Adejumo’s claim, section 53 (3) of the Petroleum Industry Act (PIA) noted that “the ownership of all shares in the NNPC Limited shall be vested in the government at Incorporation and held by the Ministry of Finance Incorporated and the Ministry of Petroleum Incorporated in equal portions on behalf of the Federation”.

NNPC filling station Central Area Abuja
NNPC filling station Central Area Abuja
Therefore NNPCL, contrary to the claim of its lawyer, is still owned by the Nigerian Federation and thus bound by the FOI law. Also, the board of NNPCL was among those instantly dissolved by a presidential proclamation last week.

Also, Section 2 (7) of the FOI law states that “companies in which government has a controlling interest” are among the institutions bound by the FOI law.

“Public institutions are all authorities whether executive, legislative or judicial agencies, ministries, and extra-ministerial departments of the government, together with all corporations established by law and all companies in which government has a controlling interest, and private companies utilizing public funds, providing public services or performing public functions,” the law states.

Appointing expatriates as heads of NNPC subsidiaries
The staff and management of the NNPC are concerned that Mr Stoksman, an expatriate, was appointed ahead of many qualified Nigerians. This is becoming a practice in NNPC Limited, officials said, causing disaffection and disillusion among the workers of the company.

In March, NNPC Limited appointed another expatriate, Jean-Marc Cordier, as the head of its oil trading arm, stirring controversies among experts and the industry’s enthusiasts.

“It is of concern to most Nigerians that at this time of our life, we are still having a foreigner in such a strategic business enterprise in this country,” said Bode Fadipe, a veteran energy expert and the Chief Executive Officer of Sage Consulting. “The question many people will ask is, don’t we have Nigerians who can manage that office? Are the expatriates now investors in the business or is it a joint venture that allows a foreigner to hold that kind of position?”

But Yemi Oke, a legal consultant and energy law advisor, held a different view on the issue, saying the growth of NNPC Limited — not the nationality of the person leading its subsidiaries — should be prioritised. Other Nigerian companies have expatriates as employees, Mr Oke told Punch.

“All they need is to comply with the expatriate quota and show that there’s no local manpower skilled enough to man that particular office, due to the technical nature of the position,” he said.

In the case of NNPC Retail, however, there were many Nigerians skilled enough to be managing directors of the company including those who led it to profitability since 2017.

Workers at the NNPC Retail accused their union of failing to challenge what they believe is the impropriety going on in the organisation. They allege compromise by the NNPC Retail chapter of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

Officials of the union including its secretary, Lumumba Okugbawa, however, declined to speak about the matter, giving different excuses. When PREMIUM TIMES first contacted Mr Okugbawa for comment in March, he said he was unavailable to speak. He said the same thing when contacted by phone twice this month.

President Bola Tinubu
President Bola Tinubu
President Tinubu must act now!
When President Bola Tinubu announced the dissolution of the boards of all government-owned institutions last week, there was jubilation among many officials of the NNPCL with some even telling PREMIUM TIMES that they expected Mr Kyari to also exit since he is a member of the board of NNPCL.

Although the NNPCL board was affected by the dissolution, Mr Kyari was not outrightly sacked as GCEO and thus remains in office. However, many NNPC officials say they want a thorough probe of the NNPC’s deals including the OVH acquisition.

“How much was OVH bought for? Under what conditions? How many filling stations did they truly own? Why are they taking over NNPC Retail? These are some of the things a probe will reveal,” one official said.

DeRuggedProf:
Ogogoro and Ogogoro, why do you want to walk in the shadow of The Corpse. Wny warm up to disgrace the Corpse?
Till N300 do us part in 2025...

From NOW till June my CRYSTAL BALL 🔮 is pointing @ #200.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcTopuS* 🐙

PETERiCHY:
The last DIVIDEND I got from OANDO was in 2015.
30k +70k =#1.00k That's 8ys ago.

SOME of us have BEING in this GAME for almost 25ys and do PERCEIVE what will LIKELY HAPPEN from AFAR.

WALE TINUBU can't GIVE you ANYTHING on a PLATTER of GOLD in order words OANDO will go PLACES but not on a PLATTER of GOLD.

FOOD 4 THOUGHT only for those their THINKING FACULTY is still functioning PROPERLY .

As for the UNSCRUPULOUS ELEMENTS that wants to become RICH OVERNIGHT with their PEANUTS their case is IRREDEEMABLE.

"BARGAIN HUNTERS TAKE NOTE'!

Finally WE are BREAKING the #16.50k BARRIER 🚧. WATCHOUT 👀 for BREAKOUTS.

BARGAIN HUNTERS TAKE NOTE

megawealth01:
Welcome back THE OCTOPUS

What're the gods saying? Should we leave the market or continue with our looting?

Like we PREDICTED earlier
We are going to WITNESS a REPEAT 2007/2008 RALLY in 2023/2024.

DURING the 2007/2008 RALLY ALLSHARE INDEX PEAKED in Q1 of 2008 @circa 66k

LIKEWISE this time around ALLSHARE INDEX will peaked @ circa 100k within Q1 of 2024

AFTERWARDS there will be GNASHING of teeth and BLAME GAMES that will USHER in the much anticipated GENERATIONAL LOW.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS* 🐙🐙🐙

PETERiCHY:
TIME will come a SUPERLATIVE FORCE will push TRANSCORP above N8.

In time past we made such predictions about DANGFLOUR.. UACN & UNIONDAC and it all came PASS.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

We made the ABOVE post on October 12th 2021.

BARGAIN HUNTERS TAKE NOTE

PETERiCHY:
NSE that will tank from mid Jan 2022 till after election in 2023.

Those that has ears let them hear what the future holds

ThE OcToPuS

We made the ABOVE post on Dec 15th 2021.

BARGAIN HUNTERS TAKE NOTE

PETERiCHY:
By now many have learnt the moral of the above lesson

Meanwhile like we said earlier a repeat of 2008 global recession is staring at us.

By September it will be glaring and recede by march 2023.

APRIL 2023 will USHER a NEW DAWN

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

We made the ABOVE post on July 28th 2022.

BARGAIN HUNTERS TAKE NOTE

PETERiCHY:
With removal of petrol subsidy market.
Its now a SURE BET that MARKET will reprice and rise like never before.

It will be very swift starting from tomorrow

We made the ABOVE post on MAY 29th 2023.

BARGAIN HUNTERS TAKE NOTE

PETERiCHY:
Come what may don't be caught in the NSE in MAY 2024. It gonna be very bloody ☠️☠️☠️💀💀💀

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

We made the ABOVE post on 10th November 2023.

I rest my Case!

BARGAIN HUNTERS TAKE NOTE

PETERiCHY:
With removal of FUEL SUBSIDY let's EXPECT the much anticipated ORACLE 10% 10€%

A repeat of 2006/2007 is staring at us.

UP JAGABAN!

BARGAIN HUNTERS TAKE NOTE!

*The OcToPuS*

We made the ABOVE post on MAY 29th 3013.

BARGAIN HUNTERS TAKE NOTE

PETERiCHY:
Exactly 10ys ago between 2013 & 2014 TRANSCORP moved from #1:00k to #7.15 k.
History is repeating itself between 2023 & 2024

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

We made the ABOVE post on April 19th 2023.

BARGAIN HUNTERS TAKE NOTE!

https://punchng.com/updated-ngx-group-appoints-temi-popoola-as-ceo-designate/

The Nigerian Exchange Group has announced the appointment of Temi Popoola as the Group Managing Director/Chief Executive Officer-designate of the group ahead of the retirement of the current GMD, Oscar Onyema, next year.

According to a statement signed by the Group Company Secretary, Obehi Ikhaghe, on Friday, the appointment takes effect on January 1, 2024.

Also, the Executive Director, Capital Market of the exchange, Jude Chiemeka, has been appointed Acting CEO of Nigerian Exchange Limited.

The statement partly read, “Further to the receipt of the Securities and Exchange Commission’s No-Objection to the announcement of the appointment, Nigerian Exchange Group Plc is pleased to announce the appointment of Mr. Temi Popoola as GMD/CEO designate effective 1 January 2024 subject to SEC’s formal approval of the appointment.

PETERiCHY:
Christmas Bonanza is around the CORNER

BARGAIN HUNTERS TAKE NOTE!

The much awaited CHRISTMAS BONANZA is finally HERE

BARGAIN HUNTERS TAKE NOTE!

OSO ABIOLA LOADING

https://dailypost.ng/2023/12/06/fear-looms-as-eight-commercial-banks-fail-to-meet-cbns-capital-adequacy-ratio/#


Fear is currently looming as eight commercial banks in Nigeria have reportedly failed to meet their Capital Adequacy Ratio (CAR), according to a recent stress test conducted by the Central Bank of Nigeria (CBN).


The banks identified in the CBN’s quarterly economic report include Access Bank Plc, Fidelity Bank Plc, First City Monument Bank Limited, First Bank of Nigeria Limited, Guaranty Trust Holding Company Plc, Union Bank of Nigeria Plc, United Bank for Africa Plc, and Zenith Bank Plc.

The stress test evaluated the banks’ financial strength to endure adverse economic conditions or shocks.

yMcy56:
SEPLAT @2,320!
Anybody wey get this one, na to hold am tight...
It's getting out of reach of common man....

Accumulation has been going on in JAIZ @1.55/1.60 for a long time now.......when will they allow this bank to move?

Mpeace smiling sheepishly rightnow

OANDO heading to FULL BID

BARGAIN HUNTERS TAKE NOTE!

sboga:
Cbn sef Dey allow dis lobbish.
Dem suppose to ban dis nonsense business.
E allow banks to not put atm like in developed kontries.
Dis is a simple rental business in it?
Na cash dem Dey sell u
No serious kontry shud have such a business.

U 2 are a duller to post dis here

Shebi na u B d 1 wey get E.D problem no fit knack well come carry pos machine fo u head

Your LEVEL of FRUSTRATION is IRREDEEMABLE because a FOOL at FORTY is a FOOL FOREVER

BARGAIN HUNTERS TAKE NOTE!

POS business: How operators stay afloat amidst rising competition
Cees Harmon by Cees Harmon 3 hours ago

A recent survey conducted by Nairametrics in Lagos, Abuja, and Port Harcourt sheds light on the thriving Point of Sale (PoS) business in Nigeria.

PoS agents, depending on location, earn between N5,000 and N12,000 daily.

This burgeoning industry, fueled by the simplicity of the technology, has created approximately 1.5 million jobs, surpassing the remuneration of many degree holders.

Operators attest to the profitability, with some earning as much as N360,000 monthly, outpacing salaries in traditional banking roles.

Several operators shared insights into their successful PoS businesses. Notably, strategic location selection plays a pivotal role.


Areas with high foot traffic, such as markets, universities, and commercial districts, prove lucrative. Offering additional services, like bill payments and money transfers, enhances customer attraction and retention.

Partnerships with other businesses and prioritizing exceptional customer service contribute to building a positive reputation in the competitive landscape.

To start a PoS business, obtaining a PoS machine is essential. The cost varies based on factors such as brand, quality, and features. Prices range from N50,000 to N200,000.


Some service providers offer free machines to agents, further reducing the entry barrier. This affordability contributes to the accessibility of the PoS business, making it an attractive venture for entrepreneurs.

An agent, Rose Ubong, told Nairametrics that effective marketing strategies, including location choice, customer service, and incentives, play a crucial role in attracting and retaining customers.

She added that overcoming challenges such as network issues, fraud, high commissions, competition, and regulatory compliance demands careful planning and continuous adaptation.

Starting a PoS business involves several key steps. Thorough research to understand industry dynamics, requirements, and challenges is crucial.

Raising start-up capital, choosing a prime location, and selecting a reliable PoS service provider are foundational steps. Registration with the chosen provider, advertising the business through various channels, and ensuring compliance with Central Bank of Nigeria (CBN) regulations complete the setup process.

The PoS business in Nigeria has experienced significant growth since the implementation of the agent banking system by the Central Bank of Nigeria in 2013.

As of July 2021, there were 986,252 registered PoS terminals in Nigeria, and the industry recorded N1.15 trillion in transactions by March 2023.

Globally, the PoS market is projected to grow from $80.8 billion in 2018 to $155.6 billion in 2028, showcasing its importance in the retail industry.

That is an indication that there is still a wide room for growth in Nigeria.

Moniepoint claims leadership in the market with over 600,000 agents, followed by OPay and Palmpay.

However, merchants have begun to overtake agents in the PoS market, with over 1.3 million merchants on the Moniepoint platform.

The market continues to thrive due to the convenience it offers in providing various financial services, from accepting payments to managing inventory.

There is no doubt that the PoS business in Nigeria presents a viable and lucrative opportunity for entrepreneurs. Its affordability, coupled with the potential for high daily earnings, positions it as a competitive alternative to traditional banking roles.

Success in this business hinges on strategic location selection, effective marketing, and adapting to industry dynamics.

As the PoS market continues to grow globally and in Nigeria, entrepreneurs entering this space should prioritize customer service.


On his part, Chinonso Akudinobi, who operates two machines in Alaba International Market, said he makes up to N12,000 some days.

Dieye Wilson, a resident of Port Harcourt, and PoS operator in Diobu, said like everywhere else in Nigeria, she charges N100 for every N5000 deposit or withdrawal transaction.

Wilson said her PoS business affords her a good life. She said has been in the business for the past three years and has been able to buy a small car from her proceeds.

According to the Nigeria Inter-Bank Settlement System (NIBSS), as of July 2021, there were 986,252 registered PoS terminals in Nigeria.

According to the National President, of the Association of Mobile Money and Bank Agents in Nigeria, Victor Olojo, there are over 1.4 million mobile money and banking agents across the country.

Nairametrics reported that the number of PoS terminals deployed by merchants and individuals rose to 1.8 million in March 2023.

This represents a 75% increase year on year when compared with the number of deployed terminals in the same period last year, which was 1.04 million.

The value of transactions over the PoS terminals also increased to N1.1 trillion in the month, the highest monthly record on the platform.

Indeed, the simple PoS technology has opened up to the general public.

https://nairametrics.com/2023/11/24/pos-business-how-operators-stay-afloat-amidst-rising-competition/

President Bola Tinubu has approved the sale of more oil and gas fields abandoned by the international oil companies, IOCs.

The President has given the greenlight for conduct of fresh marginal field bid for the gas fields which have been lying fallow for over a decade.

This was disclosed by the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, during a facility tour of Waltersmith Petroman Oil Limited’s modular refinery in Ibigwe, Ohaji-Egbema Local Government Area of Imo State, on Wednesday.

https://.ng/2023/11/23/tinubu-approves-sale-of-more-oil-and-gas-fields/

Another oil and gas field purchase loading for O-AND-O BOiS

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
The last DIVIDEND I got from OANDO was in 2015.
30k +70k =#1.00k That's 8ys ago.

SOME of us have BEING in this GAME for almost 25ys and do PERCEIVE what will LIKELY HAPPEN from AFAR.

WALE TINUBU can't GIVE you ANYTHING on a PLATTER of GOLD in order words OANDO will go PLACES but not on a PLATTER of GOLD.

FOOD 4 THOUGHT only for those their THINKING FACULTY is still functioning PROPERLY .

As for the UNSCRUPULOUS ELEMENTS that wants to become RICH OVERNIGHT with their PEANUTS their case is IRREDEEMABLE.

"BARGAIN HUNTERS TAKE NOTE'!

We made the ABOVE SUBMISSION 👌 about OANDO on Sept 27th 2023 and it's about to GO DOWN 👇


"WALE TINUBU can't GIVE you ANYTHING on a PLATTER of GOLD in order words OANDO will go PLACES but not on a PLATTER of GOLD"- *ThE OcToPuS* 🐙

BARGAIN HUNTERS TAKE NOTE!

onegentleguy:
Following request from several folks, I have since added 3 new names to the outline so it's now been modified to "8 treasured/explosive select equity names with great value accretive potential."

The bonus names have also been increased to 4 bringing the total No of stocks in the outline to 12.
Again, outline will where applicable, include other stock/market driven information with high ROI/value add plausibility.

Brief description...

It is an investment guide with a careful selection of where you need to put your money for a possible high ROI in the near to mid term. (a period of 6--15 months as benchmark TF) following series'of in-depth analysis, extrapolations and forecast using proven financial models and my derivative tools.

The outline also includes all but not limited to the equity Trade Setup, Reward Margin from Target Entry Prices & Possible Exit Prices, Recommended Portfolio weighting, Expected Time Horizon, Risk Level (ref: RRM)... etc

The additional has already been sent to those who had previously requested for an order.
For newly interested persons, you can Indicate by using the mail in my profile or sending a message across.

N.B: Not a free service.

Regards

OGG your service is not for free but you are using nairaland forum for free

PETERiCHY:
Whatever DECISION you are making REMEMBER that 🧧 XMAS BONANZA SALES 🎁 is around the CORNER 🎁🧧🎁🧧🎁🎁🧧 don't be left ◀️ out


BARGAIN HUNTERS TAKE NOTE!

Christmas Bonanza is around the CORNER

BARGAIN HUNTERS TAKE NOTE!

Locotrader:
If I manage to get 5m units of multiverse,I will keep it for long term because I know where the price will get to because of the size of OS.

I have enough money to trade other stocks for Jijo.

This time I have got a dividend stock to hold.
I will be adding more of it at any pullback until I get my target units.

How will I appease the gods when I am loaded on cash than you which is my returns from Japaul?

Really Japaul that you bought #1.30k and panicked sold @#1.18 before the party started

Locotrader:
The stock I was referring to yesterday is MULTIVERSE.I will not talk about this stock again for now after this write up.It is not a stock for traders but for value investors and dividend lovers.The stock has repositioned to add value to shareholders.It is a stock worth keeping in a portfolio for 8 years of Tinubu administration because they are changing the narratives of solid minerals.Multiverse, after reconstructions, started this year with an interim dividend of 5kobo.This is also a good move.The top and bottom lines of Multiverse will continue to improve and Eps will continue to rise.Below are some of the things I found attractive in the stock this year which will extend to next year and beyond.I will not say precisely where the price of the stock will reach but the Journey will be like that of vita foam, Nahco and Transhotel that delivers above 100% and above.The forecast is going to base on the Numbers going forward

LOCO the PROBLEM is by the time MULTIVERSE share price start going up you would have COLLECT your 2% PROFIT and RUN. 💨

Better GO and APPEASE the gods to "AVERT your NEAR SUCCESS SYNDROME".

I rest my Case !

Come what may don't be caught in the NSE in MAY 2024. It gonna be very bloody ☠️☠️☠️💀💀💀

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

PETERiCHY:
For the NEWBIES that aren't in the MARKET yet.. HISTORICALLY November till mid December is often BEARISH.

So keep your FUND on STANDBY to CHERRYPICK when the OPPORTUNITY calls 🌸🍒

BARGAIN HUNTERS TAKE NOTE!

Whatever DECISION you are making REMEMBER that 🧧 XMAS BONANZA SALES 🎁 is around the CORNER 🎁🧧🎁🧧🎁🎁🧧 don't be left ◀️ out


BARGAIN HUNTERS TAKE NOTE!