₦airaland Forum

mikeapollo:
The accounts for one financial year must be audited and filed with statutory and regulatory bodies e.g. CAC, FIRS, NUPRC etc before interim or quarterly results of subsequent years can be released.
The FY2023 audited accounts for Oando is due for release by ending September

mikeapollo:
The news on Nairametrics says dollar is now N1,543 which is an improvement . Hopefully, it would improve and get to around N1,000./$

By the way, when is Alhaji listing the refinery on NGX?

Raider76:
I don't know when NUPRC came in as a financial regulator of listed oil companies akin to CBN with banks. Maybe it is provided for in the PIA. I noted that Oando claims to be submitting their results to the Financial Reporting Council (FRC) for vetting before release. As NUPRC came out of the controversial NNPC I am personally not comfortable with them being a financial regulator of listed oil hicompanies.

mikeapollo:
The news on Nairametrics says dollar is now N1,543 which is an improvement . Hopefully, it would improve and get to around N1,000./$

By the way, when is Alhaji listing the refinery on NGX?

megawealth01:
https://punchng.com/marketers-eye-direct-deal-with-dangote-as-nnpc-buys-n766-litre/

KarlTom:
There are many contractual terms involved in deals like this but let's just leave it like that...

On the issue of 'being on the queue', let me paint a scenario: What IF DR signed similar 'distributorship' agreement with NNPC?

The fact that MRS. ETERNA et al are NOT tagged EXCLUSIVE or SOLE distributor leaves the door wide open

On second thought, I feel the NNPC distributor deal is a clause inserted in the crude-for-naira deal.
Let's wait and see how it relates to subsidy in due course

KarlTom:
₦776 is a massive gain for Nigeria (that's circa ₦341 savings per litre).

Aren't these the same 'marketers' fighting to be allowed to continue importation at ₦1117 per litre?

Yeye dey smell...

BullBearMkt:
...We go check 'am over the weekend

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

megawealth01:
https://nairametrics.com/2024/09/14/nigerias-fx-reserves-rise-by-621-2-million-in-10-days-after-domestic-dollar-bond-sale/

Nigeria’s FX Reserves Rise By $621.2 Million In 10 Days - Politics

Raider76:
They won't. Btw do you realize that no one is talking about even the PH refinery which was promised to start in August?

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

KarlTom:

Sunrisepebble:
Further info on this, the exit by the PE will likely be a public offer/ offer for sale. So not necessarily a dump in the market and investors will likely be aware ahead of time. Think back to MTN IPO in 2019, and then offer for sale in 2021 at a discount to market price. Seems to be the case here again. When exactly will it be, not sure, will bring more information here as it comes

KarlTom:
₦776 is a massive gain for Nigeria (that's circa ₦341 savings per litre).

Aren't these the same 'marketers' fighting to be allowed to continue importation at ₦1117 per litre?

Yeye dey smell...

Divineability:
Kindly throw more light. What is PE? A'm sorry, I'm new here.

Laso09:
Why do you think it is only NNPC that can buy directly from Dangote refinery?
I want to believe that N776 being quoted is a subsidized figure.

emmanuelewumi:
Private Equity investors

BullBearMkt:
NEXT SUPPORT IN SEARCH, AS PZ SELLING PRESSURE INCREASES
With the new low created in the last trading week, PZ is now in search of a new support level in order to hold the falling price. IF 14 level cannot hold the price, then PZ may likely drop to between 10.10 - 13.12.

PLAN YOUR TRADES AND TRADE YOUR PLANS

designking:
What is fuelling this massive selloff?