₦airaland Forum

raumdeuter:
What is the full meaning of unicaf

What email address sent this message to you

University of Nicosia for Africa...........


Scholarships@unicafmail.org

User09:
You still arent getting it.

You talked about AFREXIM risk, and I said they'll be fine seeing as their counterparty is NNPC, not the government.

Maybe you dont know but NNPC is now a Limited Liability Company and no longer government owned. They operate in the strict commercial sense now. NNPC and its assets are a JV between the FG and some other IOC's - I think GloriousGbola can help me here

So the transactions are clearly separate and NNPC is operating as a commercial entity and not based on Government direct control so AFREXIM has little to do with the Government

Hahahahahaa.. Exactly what I thought. You see why I said you boxed yourself into a corner.

The entire assets, shares (which are non transferable by the way, I can explain that later if you want) oil blocs, refineries are 100% owned the government and vested through the Ministries of Finance and Petroleum. No private citizen or IOC/ group or agency owns any share belonging to NNPCL, at least not at this time.

Do not misconstrue the idea of commercializing and making the NNPCL self sufficient to mean any percentage of its shares now belongs to a private group. The difference is that, there is no longer a line item in the national budget for NNPC, consequently, it is expected to fund it’s self and primarily become a source of generating revenue. The PIB which produced NNPCL has so many parts.

In 2024, there are plans to start selling a percentage of its shares to the public for the first time. You see why I asked you who owns the shares, asserts, oil blocks and refineries? If I own 100% of shares, assets, oil blocs and refineries of NNPCL, am I not the owner? Especially since they are still vested under government ministries!

In terms of risk, AFREXIM still hold the higher risk and the breakdown proves it. AFREXIM borrowed NNPCL money which the government is using to stabilizing the value of the Naira NOW. The terms of the loan repayment, including interest rates have already been set and is not futuristic, consequently the NNPL already know their commitments and external factors of the future will not bite their commitment or change any of the current terms as hard in comparison to NNPCL.

Do you think AFREXIM are hoping to be payed back the same amount of money they loaned? Absolutely not and that is why they would be praying the market booms, so the value from the sales of oil increases, which in turn increases the value of proceeds they get from futuristic sales.

When you make a futuristic investment, you are taking a huge risk, worsestill, they are beyond your control. Changes in the Global oil market, inflation and government policies are some external factors beyond your control that can affect the viability of your investment. The Government through NNPCL have the money they need now, what has AFREXIM gained now?

If oil booms in the future and we don’t increase oil production there would literally no difference because our oil production has not been stable for nearly 10 years.

NNPC said Nigeria lifted 1.08m barrels for July however Shell recently announced that Forcados is back up and running which could add 250k-350k barrels so by month end maybe production will be 1.4m barrels.

Ibime:
Are there any definitive steps to ensure that? That means actually catching and prosecuting several politicians and big men stealing the oil

reccy:
@ Ibime, raumdeuter and other helpful brothers.

How genuine is this?

What does it entail?

There is an add on I recommend you install in your browser - whois / flag

It will show where any website is actually hosted.

The first giveaway of alot of these scam sites is you will find they are hosted in obscure no name countries.

I would also say you should install noscript, but if you aren't tech savvy enough it will break every site you visit and you wont know why.

Naija police are actually useful if they want to work

Good one
https://www.instagram.com/p/Cv_q6pHtZED/?igshid=MzRlODBiNWFlZA==

GloriousGbola:
There is an add on I recommend you install in your browser - whois / flag

It will show where any website is actually hosted.

The first giveaway of alot of these scam sites is you will find they are hosted in obscure no name countries.

I would also say you should install noscript, but if you aren't tech savvy enough it will break every site you visit and you wont know why.

Alright. Thanks

reccy:
University of Nicosia for Africa...........
Scholarships@unicafmail.org

These are small steps you can use next time for your initial analysis

1. When you google University of Nicosia for Africa. what do you get from google search?

2. When you try to go to this url unicafmail.org that is supposed to be their domain what does it resolve to?

https://twitter.com/channelstv/status/1692118959145861247?s=19

See who wan invade Niger.

Alright

Roland17:
Hahahahahaa.. Exactly what I thought. You see why I said you boxed yourself into a corner.

The entire assets, shares (which are non transferable by the way, I can explain that later if you want) oil blocs, refineries are 100% owned the government and vested through the Ministries of Finance and Petroleum. No private citizen or IOC/ group or agency owns any share belonging to NNPCL, at least not at this time.

Do not misconstrue the idea of commercializing and making the NNPCL self sufficient to mean any percentage of its shares now belongs to a private group. The difference is that, there is no longer a line item in the national budget for NNPC, consequently, it is expected to fund it’s self and primarily become a source of generating revenue. The PIB which produced NNPCL has so many parts.

In 2024, there are plans to start selling a percentage of its shares to the public for the first time. You see why I asked you who owns the shares, asserts, oil blocks and refineries? If I own 100% of shares, assets, oil blocs and refineries of NNPCL, am I not the owner? Especially since they are still vested under government ministries!

In terms of risk, AFREXIM still hold the higher risk and the breakdown proves it. AFREXIM borrowed NNPCL money which the government is using to stabilizing the value of the Naira NOW. The terms of the loan repayment, including interest rates have already been set and is not futuristic, consequently the NNPL already know their commitments and external factors of the future will not bite their commitment or change any of the current terms as hard in comparison to NNPCL.

Do you think AFREXIM are hoping to be payed back the same amount of money they loaned? Absolutely not and that is why they would be praying the market booms, so the value from the sales of oil increases, which in turn increases the value of proceeds they get from futuristic sales.

When you make a futuristic investment, you are taking a huge risk beyond your control. Changes in the Global oil market, inflation and government policies are some external factors beyond your control can affect the viability of your investment. The Government through NNPCL have the money they need now, what has AFREXIM gained now?

If oil booms in the future and we don’t increase oil production there would literally no difference because our oil production has not been stable for nearly 10 years.

None of which you have put up there changes anything.

Having a stake in a Limited Liability Company completely changes everything - As far as I know, Entity concept is still in existence

AFREXIM's risk and counterparty is NOT TO THE GOVERNMENT, I still dont get what this debate is about.

I hope you also realise that the real means of government earning from NNPC now can only be through dividends, Royalties and Taxes unlike before where there was direct remittance to FAAC - This, I think is where your confusion is coming from but it would also explain why they went through this route rather than dealing directly with the government

Whatever terms of loan and repayment is tied to the volumes of production which AFREXIM collects. We call it VPP ( Volumetric Production Payment), the simplest kind

I have alluded to two hedges - Increase in production and/or increase in Oil price. AFREXIM is taking a fixed bet here, NNPC is taking a contango. Almost similar to a bank giving a fixed loan and there are interest rates movement in the future.

I have spoken clearly to the dynamics of the transaction, You are conflating things.

Also AFREXIM can easily hedge their risk (making it variable ) by entering into an agreement now to sell same to other counterparties - taking the entire risk off their books.

Like I said, I still dont get what the debate is about

User09:
None of which you have put up there changes anything.

Having a stake in a Limited Liability Company completely changes everything - As far as I know, Entity concept is still in existence

AFREXIM's risk and counterparty is NOT TO THE GOVERNMENT, I still dont get what this debate is about.

I hope you also realise that the real means of government earning from NNPC now can only be through dividends, Royalties and Taxes unlike before where there was direct remittance to FAAC - This, I think is where your confusion is coming from but would also explain why they went through this route rather than dealing directly with the government

Whatever terms of loan and repayment is tied to the volumes of production which AFREXIM collects. We call it VPP ( Volumetric Production Payment), the simplest kind

I have alluded to two hedges - Increase in production and/or increase in Oil price. AFREXIM is taking a fixed bet here, NNPC is taking a contango. Almost similar to a bank giving a fixed loan and there are interest rates movement in the future.

I have spoken clearly to the dynamics of the transaction, You are conflating things.

Also AFREXIM can easily hedge their risk (making it variable ) by entering into an agreement now to sell same to other counterparties - taking the entire risk off their books.

Like I said, I still dont get what the debate is about

Intellectual arguments. Beautiful. Reminds me of a more civilized time

User09:
None of which you have put up there changes anything.

Having a stake in a Limited Liability Company completely changes everything - As far as I know, Entity concept is still in existence

AFREXIM's risk and counterparty is NOT TO THE GOVERNMENT, I still dont get what this debate is about.

I hope you also realise that the real means of government earning from NNPC now can only be through dividends, Royalties and Taxes unlike before where there was direct remittance to FAAC - This, I think is where your confusion is coming from but would also explain why they went through this route rather than dealing directly with the government

Whatever terms of loan and repayment is tied to the volumes of production which AFREXIM collects. We call it VPP ( Volumetric Production Payment), the simplest kind

I have alluded to two hedges - Increase in production and/or increase in Oil price. AFREXIM is taking a fixed bet here, NNPC is taking a contango. Almost similar to a bank giving a fixed loan and there are interest rates movement in the future.

I have spoken clearly to the dynamics of the transaction, You are conflating things.

Also AFREXIM can easily hedge their risk (making it variable ) by entering into an agreement now to sell same to other counterparties - taking the entire risk off their books.

Like I said, I still dont get what the debate is about

I am enjoying the debate but Local man is now weak! Head don dey pain me.. E no suppose hard like this fam.

Baba say na stake! Let me correct you once again and reiterate that the Nigerian Government owns 100% of all shares, assets, oil blocs and refineries of the NNPCL. Not a percentage, not a stake, not a quota but 100% OF IT ALL. These are vested 100% through the Ministries of Finance and Petroleum.

You are indirectly making my point for me. The fact that you are accepting that the Government is earning revenue through dividends proves my point. IS THE NNPCL GIVING DIVIDENDS TO ANY OTHER ENTITY, INCLUDING PRIVATE GROUPS? They can no longer remit to the FAAC because they are no longer a line item on our National budget and are now commercialized with the idea of being self sustained. The Nigerian Government through the Ministries of Finance and Petroleum own 100% of the shares, consequently, they get dividends na. In 2024 when it small portions get publicly traded for the first time, share holders will earn dividends.

Question: Which other group or private entity can secure a $3B loan just to help the government in defending the Naira? This thing no suppose hard like this.

Copied post

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Source: Bode Oje FB page

Naira back to status quo

raumdeuter:
These are small steps you can use next time for your initial analysis

1. When you google University of Nicosia for Africa. what do you get from google search?

2. When you try to go to this url unicafmail.org that is supposed to be their domain what does it resolve to?

Alright then..

izzou:
[color=royalblue]NNPC, Iyana Isashi

PMS is 568
Diesel is 790.

Help me confirm the price, so i can go and collect my change in the evening[/color]

NNPC ago palace way. Diesel is 650.

Called my exchanger not long ago, and he told me 880 but warned that it's climbing back. It's still selling cheaper with exchangers in Nigeria than outside Nigeria sha (~945)...maybe cost of freighting

seankafor:
Naira back to status quo

GloriousGbola:
NNPC ago palace way. Diesel is 650.

[color=royalblue]Dem get to sell?

The same person bought this morning at 801.

Total Station, Lasu/Igando road.

That 650 no be true oh.[/color]

Nawa ooo

https://twitter.com/KennedyWandera_/status/1692074189002277124?t=_n7miOEj3OTxameu1uRo-w&s=19

📌📌📌

Let the poor breettttt😭

Amigoss:
Let the poor breettttt😭

What hospital is that?

Doyin Okupe actually made good suggestions.

Nice thread regardless of tantrums throw at him by dem dem.



https://twitter.com/doyinokupe/status/1692139363885281373?t=A0K3WMdHfMN2DLCWohdQNA&s=19[/font]

📌📌📌📌

Lmao when igbolabi is the one campaigning against drug abuse
Water dan pass garri

https://www.instagram.com/p/CwDgESTIGjA/?igshid=MzRlODBiNWFlZA==

OasisX:
📌📌📌📌

Congratulations on your appointment by Governor Jackson Adeleke, Hope you will stop criticizing him now

izzou your own letter is coming

We are ready dealing with monsters and demons.

Trucks of rice as palliatives

raumdeuter:
Congratulations on your appointment by Governor Jackson Adeleke, Hope you will stop criticizing him now

izzou your own letter is coming

Wtf is this?

Election don finish, mouth don change 😩

https://www.nairaland.com/7807111/cant-wait-govt-everything-remi

Theflint1:
Called my exchanger not long ago, and he told me 880 but warned that it's climbing back. It's still selling cheaper with exchangers in Nigeria than outside Nigeria sha (~945)...maybe cost of freighting

The subsidizing really worked but it's just how long can it hold, it's dropping now but I don't think it will go below 850.

Incognito9:
The subsidizing really worked but it's just how long can it hold, it's dropping now but I don't think it will go below 850.

Naira rising for one day is not evidence of it working. It's just sign of Government intervention/speculators on that day. Unless Govt plans and has capacity to intervene everyday, it will find it's square root slowly but surely over time. Nigeria spent over $12bln defending Naira last year so I'm not sure how far $3bln will go