₦airaland Forum

NSEstudent:
Boss, you guys need to try to experiment with solar panels and inverter in order to confirm some of these numbers.

Admittedly, it used to be so but not anymore.

Since the advent of tier 1 solar panels and Lithium Iron Phosphate batteries, a lot of households are using solar alone for all their power needs for the better part of 5 years. Power needs include cooling (ACs and Fridges), cooking, lighting and many more. You may want to navigate through Nairaland to read firsthand from actual users.

People are running away from NGX due to 2008, the same way people who trialed RE with Lead Acid batteries, makeshift panels and dumb inverters are running away from it.

NSEstudent:
Boss, you guys need to try to experiment with solar panels and inverter in order to confirm some of these numbers.

Admittedly, it used to be so but not anymore.

Since the advent of tier 1 solar panels and Lithium Iron Phosphate batteries, a lot of households are using solar alone for all their power needs for the better part of 5 years. Power needs include cooling (ACs and Fridges), cooking, lighting and many more. You may want to navigate through Nairaland to read firsthand from actual users.

People are running away from NGX due to 2008, the same way people who trialed RE with Lead Acid batteries, makeshift panels and dumb inverters are running away from it.

ololufemi:
I feel your point my brother but you need to consider that the percentage of people who can afford the alternative energy products you quoted are very privileged people in Africa.

Unless government can subsidise these products, the cost of acquisition will remain very high and out of reach for many.

Do you know that many people in the rural areas have gone back to using kerosene due to the high cost tariff of the electricity supplied to them.

Regarding people investing in the NGX, just know that this life no balance for everybody at the same time o! Justbas it's extremely cold in the UK, US.and Canada, some provinces in Nigeria have having multiple baths and even sleeping in their boxers due to the heat.

Shalom.

yMcy56:
Iffahia! Lol
....but not long ago, the same T.gain dey make you feel like a market pro.
Na so humans be.

.....but honestly, today's market get as e be, should be getting to the peak.....
This is earning season, this type of red is not expected at this time, maybe it's human induced red who knows...

emmaodet:
Interesting.
A 62b naira loss after tax when all other banks are declaring profits.
It's well

toyeoye:
Stock Bubbles updates market prices every minute

emmaodet:
Lol.
There will always be demand for oil but it will keep dropping.
If the world used 1 million barrels of oil last year as example, with 1 out of 4 cars been EV, it means demand will like drop to 800 thousand barrels and the more EV eats into oil driven cars, the lower the demands.
The medium to long term fundamentals of oil doesn't look encouraging.
Any oil stock I am holding that the revenue keeps dropping by 5% quarter on quarter for 3 straight quarter, I will sell the stock.
I won't wait until I go down with it.
Though, there is hope for oil sha.
It has to drastically reducing running cost of drilling oil - cost of sales and operating expenses.
The era of extravagant spending, reckless spending and wasteful spending is gradually going.
It cost 15-20k dollars per day to hire an offshore supply vessel, this can be reduced to $5k per day.
Rigs are between $150-200 per day.
Drill ships are around $500k per day
Accomodation barges around $200k per day.
All this have to reduce by 50-75%
Crew salaries will have to go down too. My colleagues earning $250-500 per day in Saudi and Co will have to get used to $50 per day.
In my previous company, barge masters take $1,200-1,500 per day, they will have to get used to $150 per day.
My current company feeding cost for crew is $30 per day per crew. That is around 45-50k per day to feed one person which 1.5m to feed one person times around 16 crew.
To me, that is wastefulness. Abeg how much I take they feed my whole family per month?
I understand this is west standard and not Africa mentality of feeding nor Asians but then, there is too much wastefulness.
And so many other that can bring down the cost of oil to like $20/barrel and #100 per liters fuel at pump station

ositadima1:
Now, I bet you’ve never heard much about geothermal energy. Cold climates like parts of Canada, Alaska, Sweden, and Norway use it. In fact, the lower the temperature, the better. Read up on it.

Anyway, I’m done derailing.

ositadima1:
Some places even use massive sand silos as thermal batteries—during the day, they heat the sand to extremely high temperatures, and at night, they pass water through it to generate steam and recover energy.

Streetinvestor2:
When will they start making aircraft that use batteries instead of aviation fuel.
Na that dey many people go stop to dey fly..
Lol

Payunsin:
Habi make I japaa from NSE Ni?
My gains just dey erode from my very eyes

Payunsin:
I am having difficulty to shit.
T.pain don kill me

adamx23:
https://www.reuters.com/business/energy/bp-ditch-renewables-goals-return-focus-fossil-fuels-2025-02-24/

SonofElElyonRet:
You be bot ?

NSEstudent:
Boss, you guys need to try to experiment with solar panels and inverter in order to confirm some of these numbers.

Admittedly, it used to be so but not anymore.

Since the advent of tier 1 solar panels and Lithium Iron Phosphate batteries, a lot of households are using solar alone for all their power needs for the better part of 5 years. Power needs include cooling (ACs and Fridges), cooking, lighting and many more. You may want to navigate through Nairaland to read firsthand from actual users.

People are running away from NGX due to 2008, the same way people who trialed RE with Lead Acid batteries, makeshift panels and dumb inverters are running away from it.

starpower:
it lithium-ion battery really making thing cheaper if naira appreciate more people will understand. I use, electric cooker 1200W each head, microwave on mine and 1hp a.c 2pc but it 15kva battery lithium-ion phosphate truly with panels, inverter and installation. Funny it 3.8m i did all that like $2,500. I am outrightly off grid. People can cut coat according to their size.

chimex38:
You bet.
Even bot dey get offline maintainance period and software update ..
Not this one !!

starpower:
it lithium-ion battery really making thing cheaper if naira appreciate more people will understand. I use, electric cooker 1200W each head, microwave on mine and 1hp a.c 2pc but it 15kva battery lithium-ion phosphate truly with panels, inverter and installation. Funny it 3.8m i did all that like $2,500. I am outrightly off grid. People can cut coat according to their size.

starpower:
it lithium-ion battery really making thing cheaper if naira appreciate more people will understand. I use, electric cooker 1200W each head, microwave on mine and 1hp a.c 2pc but it 15kva battery lithium-ion phosphate truly with panels, inverter and installation. Funny it 3.8m i did all that like $2,500. I am outrightly off grid. People can cut coat according to their size.

KarlTom:
Hello Sir.
I politely disagree with these estimates of yours.
I have a 7.5kVA PV system so I know what I am saying...except you failed to disclose that you installed your system at least 4-5years ago.

A 15kVA PV system in 2025 CANNOT cost less than ₦10m (and I am being modest here)...

yMcy56:
AFRIPRUD
Board Meeting outcome....
* To declare final dividend and a bonus issue**

This seems to be the leaked info that got APR to 30+ from N8/9........bonus looks priced in.

https://doclib.ngxgroup.com/Financial_NewsDocs/43175_AFRICA_PRUDENTIAL_PLC-POST_BOARD_MEETING_NOTIFICATION_CORPORATE_ACTIONS_FEBRUARY_2025.pdf

TRANSCO HOTELS

https://doclib.ngxgroup.com/Financial_NewsDocs/43176_TRANSCORP_HOTELS_PLC-POST-BOARD_MEETING_NOTIFICATION_CORPORATE_ACTIONS_FEBRUARY_2025.pdf

Streetinvestor2:
How many yrs is this suppose to last before you change the lithium battery. And 3.8 million to cary just this small load.When you add water heater,2 hp ac like two and deep freezer. What size of battery will you be needing. and many other kitchen things since you are going off power supply completely

starpower:
[img][/img]sms 15kw lithium-ion phosphate battery 2.1m currently my 6.2kva hybrid 420k. Using got solar panels 550W 120k 6pcs. 1hp a.c is in eco mode just around 550W each. The electric cooker doesn't run for hours am only one a.c during the day but 2 at night. Been using since September. Got them myself. I use Tubular before just scrapped them. Lithium-ion really going to phase out acid lead batteries very soon. Energy density is far better and cycle life on high depth of discharge. Most times installer just over quotes boiler inverter sizes not needed for people.

Mpeace:
THE ELUMELU wey do this one for Afprud go do am for Transcorp

ositadima1:
You want to run 2 AC and deep freezer at the same time on solar, haba. And you want cheap set up abi? You think say na stocks u dey price, no wonder u dey find Ellahlakes for 1.5 naira.

One AC costs close to 400k. You can afford two, but you can't afford three deep-cycle batteries for about 1 million? Oshe...

KarlTom:
I do not know which brand you have in this quote but SRNE Li-P batteries of 16kWh, 51.2V, 314AH costs at least ₦4.35m…

Anyway, glad you're able to afford one very recently. Mine has been hard at work since 2019...

Over and Out