₦airaland Forum

Streetinvestor2:
I disagree. You make it look like Iran is innocent of the accusations. Why has Iran government been sponsoring all this terrorist groups outside thr country. If they had just concentrated on thr nuclear projects without affiliations to this terror groups and not threatening this two countries I would have believed they would use it for pure economic
purposes.

You want them to wait till another September 11 happens abi .
China will never go to physical war with America for any country unless attacked directly by America

Mpeace:
The are not owing the FG. They are being taxed at 85% of profit.

They need FG approval to transition to the PIB where they will be taxed at 65% of profit. I don't see FG giving such approval soon.

Either way, the tax is too much.

ositadima1:
Crude oil belongs to Nigeria (unlike other businesses where there is a cost of goods), and it remains a major source of national revenue—even though Seplat does a good job of extracting and selling it.

GeneralDae:
True. NNPC is also a big partner in most of their recent deals especially in gas operations.

EDUECO:
The truth is always bitter!

USA and Israel are both war morgering nations; instead of dialogue,both Israel and the USA attacked Iran.

I believe they have met their match; unlike in the case of Palestine.

EDUECO:
The truth is always bitter!

USA and Israel are both war morgering nations; instead of dialogue,both Israel and the USA attacked Iran.

I believe they have met their match; unlike in the case of Palestine.

zendi:
Chai, Nsempa no go kee pesin wit conspiracy theories.

So, maybe Netanyahu is an Oil Trade Monkey Hunter who started bombing Iran to pump up his Oil Trade JIJO.

EDUECO, what do you think ?
You sabi catch the MHs well we'll

mikeapollo:
I don't get it; Why would they need FG approval to transition to the PIB/PIA in order to enjoy a lower tax rate ?
The PIA is a law and should be applied automatically to all relevant stakeholders in the petroleum industry?

NSEstudent:
Instead of Dialogue you said...but the Iranians refused to come to the negotiation table (Trump said he gave them 60 days which expired).

Also, you didn't say anything about the groups they have been sponsoring to attack the two countries.

EDUECO:
Oando aka CBEX stock!

NSEstudent:
Instead of Dialogue you said...but the Iranians refused to come to the negotiation table (Trump said he gave them 60 days which expired).

Also, you didn't say anything about the groups they have been sponsoring to attack the two countries.

EDUECO:
The truth is always bitter!

USA and Israel are both war morgering nations; instead of dialogue,both Israel and the USA attacked Iran.

I believe they have met their match; unlike in the case of Palestine.

Streetinvestor2:
You must be a joker if you think Iran is a match to any of those countries. Iran is a very peaceful country.Why I they even waste my time with your type

EDUECO:
Okay,let us watch as the drama unfold!

delvzy:
While it seems the effect of the Israel-Iran War will ean high oil prices we also must consider the ripple effect this has on a moneconomy like Nigeria that very much dependent largely on oil for its source of revenue.
Oil companies get to sell at high price but goods and services also rise cause this economy is susceptible to price shocks and America’s continued interest in the Gulf region.

The US striking Iran to me is UNCALLED FOR

SonofElElyonRet:

Dem no fit. Where is the military capacity to enforce the closure? Just sabre rattling.. intended to project retaliation/power and not weakness

Streetinvestor2:
Another laughter. Drama that has ended since yesterday.Abi they will be flying on brooms to go retaliate .
You are bringing knife to a gun fight. That only happens in Indian movies oh

EDUECO:
Don't let western propaganda confuse you;Iran in still in possession of sophisticated missiles the USA and Israel have not discovered.

In the Nigerian Stock Market, Fidelity Bank is like Iran and First Bank is like the USA/Israel)

For the past 10 years, Fidelity Bank has done better than First Bank with respect to both dividend and capital appreciation.

jonnysessy:
And First Bank is still leading it in price

Mpeace:
Seplat money na FG money. The way FG dey tax Seplat ehh I just wonder whether we buy the ExxonMobil asset for them.

megawealth01:
You dey talk as if you no sabi NAIJA things... Man no man dey work na?

ositadima1:
This also applies to Oando, as I often see people quoting the quantity of crude in acquired wells. The truth is, none of these companies actually own the crude oil or gas in the ground. What they own are the rights to extract these resources—not the resources themselves.

Pennystockwarri:
Good evening. Id look into this.

KarlTom:
Don't be so quick to conclude.

That is one way to frustrate the world powers especially USofA...

EDUECO:
Don't let western propaganda confuse you;Iran is still in possession of sophisticated missiles the USA and Israel have not discovered.

In the Nigerian Stock Market, Fidelity Bank is like Iran and First Bank is like the USA/Israel

For the past 10 years, Fidelity Bank has done better than First Bank with respect to both dividend and capital appreciation.

wanaj0:
Apparently SEPLAT did not pay the appropriate tax that they will now have to pay with interest.

GeeKudi:
Match? I laugh in aramaic

mikeapollo:
So Oando was able to pay off $400m out of the $525m loan because the president of Afreximbank is Nigerian?
The Angola oil minister/president and the Trinidad oil minister/ president are also Nigerians, right?
Auditors opinions are about past financial performance. They are not the final verdict on what will happen to the company in future. Companies with negative (qualified) auditors opinions have been turned around and companies with positive (unqualified);auditors opinion have been liquidated. They don't necessarily see into future contracts or deals that the company could achieve. No auditors foresaw or predicted anything about the ENI/NAOC deal, the Afreximbank loan, Angola oil bloc or the Trinidad refinery deal or even the share redistribution deal.
NOTE:
I am not saying that Oando will just perform a miracle and come out of all the problems overnight. But they can do it gradually over some time.

Mpeace:
I think Seplat has settled all debts to govt. They appear to even have a tax credit. Abi na me no understand this language on the screenshot?
I understood it to mean that the govt is owing Seplat in billions of Naira, rather than the other way round.
https://nairametrics.com/2025/03/16/alleged-debt-seplat-and-chorus-energy-pay-n28-7-billion-to-nigerias-federation-account-reps/

pluto09:
I don't want you to go back into hibernation mode again sir.
Your position on OandO will open you up for a serious attack.
People who don't know you will start saying you are badmouthing the company so that the price can fall for you to buy OandO at cheaper price.