₦airaland Forum

dahmie2013:
So we shud pray 4 war? I think its still cos of d same prayers dat we have peace in major places in Nigeria. Just imagine if what's happening in d North, happened in Lagos.

Every successful country in the world have passed through a revolution, when is ours going to be?

blueseacats:
Every successful country in the world have passed through a revolution, when is ours going to be?

Seems u like seeing ppl die in cold blood. I'm sure if u're 4rm those boko haram states, u won't be saying dis.

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dahmie2013:
Seems u like seeing ppl die in cold blood. I'm sure if u're 4rm those boko haram states, u won't be saying dis.

We will all die someday, the fact that Nigerians are so scared of death is the reason politicians take us for granted today.

blueseacats:
We will all die someday, the fact that Nigerians are so scared of death is the reason politicians take us for granted today.

War has never solved any problem.

dahmie2013:
War can never be d solution 2 any impending economic crises. Seems u don't know what war means, all cos we want 2 better our economy we'll now be wishing a whole war in anoda country. God 4bid. We're praying 4 peace, cos dats where our prosperity will thrive. Who told u God cannot fa4 us such dat some countries can give us money 2 assist us. A loan dat is interest free. Nigeria will get out of this mess.

You are naive about world affairs. Do you know the number of corporations that benefit from war? Do you know the amount of restructuring that people take advantage off due to war?

Every country looks after its self interest. It may come in the way of war or peace. Do not be naive, the world we live in is highly complex and driven by greed. You only need to look at the mess of a country you live in or have roots in.

Did you tear your old testament or Tanakh or Quran?

dahmie2013:
War has never solved any problem.

it has, just that you probably don't like to see it; war stopped hitler from dominating the world, war freed United States from Britain revolution saved France from the hands of Luise 16 of France , war helped put an end to slavery (U.S. Civil) Rawlings used violence to restore sanity in Ghana. The list goes on. Please don't put yourself in a box for fear of death cause we all gonna die.

kayfra:
You are naive about world affairs. Do you know the number of corporations that benefit from war? Do you know the amount of restructuring that people take advantage off due to war?

Every country looks after its self interest. It may come in the way of war or peace. Do not be naive, the world we live in is highly complex and driven by greed. You only need to look at the mess of a country you live in or have roots in.

Did you tear your old testament or Tanakh or Quran?

Den wait till u loose ur loved one 2 a war, since u're not "naïve" abt world affairs. I bet if it comes 2day, u'll be d first coward 2 run.

blueseacats:
it has, just that you probably don't like to see it; war stopped hitler from dominating the world, war freed United States from Britain revolution saved France from the hands of Luise 16 of France , war helped put an end to slavery (U.S. Civil) Rawlings used violence to restore sanity in Ghana. The list goes on. Please don't put yourself in a box for fear of death cause we all gonna die.

I'll rada die 4 a reasonble course, dan die 4rm war. Those dat died 4rm d civil war, what was deir gain? Are d Igbo's now on deir own? D person dat spear headed it, did he loose any of his family members? When America was in economic crises during d stock mkt crash, dat even resulted in many sucides, did dey go 2 war cos of dat? Did India go 2 war 2 come out of its own economic mess as well as China b4 dey're now among d top economies of d world. How did Dubai get 2 its level, by war if I may ask.
Are u telling me if u're d president u'll resolve our economic problem by war? If dats how u reason, u shud never be a leader. U will cos chaos everywhere u go.

dahmie2013:
I'll rada die 4 a reasonble course, dan die 4rm war. Those dat died 4rm d civil war, what was deir gain? Are d Igbo's now on deir own? D person dat spear headed it, did he loose any of his family members? When America was in economic crises during d stock mkt crash, dat even resulted in many sucides, did dey go 2 war cos of dat? Did India go 2 war 2 come out of its own economic mess as well as China b4 dey're now among d top economies of d world. How did Dubai get 2 its level, by war if I may ask.
Are u telling me if u're d president u'll resolve our economic problem by war? If dats how u reason, u shud never be a leader. U will cos chaos everywhere u go.

I don't pray to be a leader in a country like Nigeria, if am forced to be , I will make a dollar equal to a thousand naira ,cause a lot of inflation, make Nigeria a living hell, just to see if I can make Nigerians stop being cowards and stand up against corruption for once in their lives ,and take their destiny into their own hand as opposed to living in penury. Every single country went through revolution one way or the other .in the picture I attached that protest gave birth to modern day China, look at that lady that stood in front of a bulldozer, she stood in between death and corruption, today China has death penalty for corrupt office holders. You fear war ? Continue to live in penury praying for God to help .God after all ordered his people to go to war in opposition against oppression. Continue to deceive yourself.

dahmie2013:
I'll rada die 4 a reasonble course, dan die 4rm war. Those dat died 4rm d civil war, what was deir gain? Are d Igbo's now on deir own? D person dat spear headed it, did he loose any of his family members? When America was in economic crises during d stock mkt crash, dat even resulted in many sucides, did dey go 2 war cos of dat? Did India go 2 war 2 come out of its own economic mess as well as China b4 dey're now among d top economies of d world. How did Dubai get 2 its level, by war if I may ask.
Are u telling me if u're d president u'll resolve our economic problem by war? If dats how u reason, u shud never be a leader. U will cos chaos everywhere u go.

You are really typical Nigerian, what is exactly is "reasonable course " other than dying for freedom ? I bet people like you will blame Martin Luther king for not accepting the status quo , instead died decades earlier just pave way for a black president he never knew.You need orientation, again you don't have to accept things you don't agree with , you either oppose it or live with it like a coward.

paschu:
[s][/s]

I was carefully reading your stance until I got to the last line ...

That your last comment just messed up your arguement and suggests that you don't know what you are saying, otherwise you who claim to be in the know (and economically smarter than a known billionare) ought to be aware that this government plans to borrow like never before.

A gentlemanly way of clarifying this stance is the fact that we have a conservative president who also looks frugal. You will agree with me that people's confidence in PMB is high at least in the area of incorruptibility or stance against corruption. Sir, let me make something clear to you and that is, most monies borrowed by Nigeria often find their ways back to those countries from whom they were borrowed and the essence of the borrowing is for most cases defeated. Infrastructures remain the same and dilapidated so, it becomes cases of double losses.
Taken that the current government is poised to borrow too but just imagine the gap TSA and recovered loots have filled and add them up to what is intended now and see what i mean. We must admit(though am not an advocate of the government) that PMB is averse to corruption and that alone will save Nigeria alot of funds.

blueseacats:
You are really typical Nigerian, what is exactly is "reasonable course " other than dying for freedom ? I bet people like you will blame Martin Luther king for not accepting the status quo , instead died decades earlier just pave way for a black president he never knew.You need orientation, again you don't have to accept things you don't agree with , you either oppose it or live with it like a coward.

Martin Luther king didn't lead d blacks 2 war in order 2 achieve his objective. Protest is different 4rm war. Ask d ppl who witnessed d biafra war, dey'll enlighten u. U sound like a kid.

dahmie2013:
Martin Luther king didn't lead d blacks 2 war in order 2 achieve his objective. Protest is different 4rm war. Ask d ppl who witnessed d biafra war, dey'll enlighten u. U sound like a kid.

What planet do you live on mr. Peaceful Protests lead to violence and ultimately to peoples death that's how he died and he even saw death coming but he did not coward out because he knew the fight was real. Stop talking about biafran war like you know anything about it, I lost 4 uncles there and my father included it was just war to protect ibos being slaughtered in the north obviously you don't do anything research before you type , I doubt if you have heard anything about aburi meeting, you wouldn't because that's not your concern, your major concern is there must be no war , even if people are throwing their fermented shit on your face like politicians are rubbing it all over Nigerians I bet if you were moses Israelites will still be in Egypt cause you are so scared to die and can't confront pharaoh. Now that you keep mentioning Biafra.let me tell you something about them. They love freedom and hate slavery ,the fact that you are so scared to your pants of war means you love slavery and oppression obviously you are not from that part of Nigeria, they love independence so much that they don't religiously worship any kings , have you ever heard of (ibo landing ) Americans celebrate it every year and as such those people are remembered regardless of the fact that they passed hundreds of years ago that's class and bravery.your type will live and die no body will remember that you even existed except your immediate family , they still amazed at fact that people can do anything for freedom even if it means death. Bro stick with your cowardly believe let me believe in my (no to bondage attitude ) John f Kennedy said those who make peaceful revolution impossible, make violent revolution inevitable. Oh I for I forgot am a small boy , you are too old to remember who said that .

blueseacats:
What planet do you live on mr. Peaceful Protests lead to violence and ultimately to peoples death that's how he died and he even saw death coming but he did not coward out because he knew the fight was real. Stop talking about biafran war like you know anything about it, I lost 4 uncles there and my father included it was just war to protect ibos being slaughtered in the north obviously you don't do anything research before you type , I doubt if you have heard anything about aburi meeting, you wouldn't because that's not your concern, your major concern is there must be no war , even if people are throwing their fermented shit on your face like politicians are rubbing it all over Nigerians I bet if you were moses Israelites will still be in Egypt cause you are so scared to die and can't confront pharaoh. Now that you keep mentioning Biafra.let me tell you something about them. They love freedom and hate slavery ,the fact that you are so scared to your pants of war means you love slavery and oppression obviously you are not from that part of Nigeria, they love independence so much that they don't religiously worship any kings , have you ever heard of (ibo landing ) Americans celebrate it every year and as such those people are remembered regardless of the fact that they passed hundreds of years ago that's class and bravery.your type will live and die no body will remember that you even existed except your immediate family , they still amazed at fact that people can do anything for freedom even if it means death. Bro stick with your cowardly believe let me believe in my (no to bondage attitude ) John f Kennedy said those who make peaceful revolution impossible, make violent revolution inevitable. Oh I for I forgot am a small boy , you are too old to remember who said that .

Don't even bring moses 2 dis, moses was instructed by God 2 do what he did&he had God's backing dats why God cud even divide d red sea 4 deir sake. Left 2 moses dey wud have been dere. Moses had even married, had a son b4 2 show u how many yrs after he left egypt dat God called him 2 deliver dem&dats y it was a success. He didn't want 2 do it @ first, he came up with excuses like he stammers & oda things, until God had 2 convince him. Even Jesus didn't take his death likely despite him knowing he will rise again, he said "let dis cup pass over me, but @ thy will Lord" , 2 show u he didn't want 2 die himself.
As 4 ur loss, I'm sorry, but u've opened my eyes 2 why u need d war desperately, in order 2 avenge dose deaths, cos its thru dat platform u can easily achieve ur obj. If u start killing now, ppl will think u're insane, but if dere is a war & u kill anyone u'll say cos it was a war&u lost ppl 2 a war 2.
As 4 d protest, even here in Nigeria,ppl have died 4rm peaceful protest. I like how u referenced King, he started with a peaceful one, never was war intended, u cannot compare d casualities 4rm a war & dat of a protest. Ppl dat protest are willing 2 die,dey don't care what happens, dey're fighting 4 a course. During war, innocent ppl pay & suffer dearly. Children dat don't know d head or tail of d event die 4rm stray bullets. Families are displaced, looking 4 where 2 put dere heads. Have u been 2 any of d boko haram states in d last 5months, u need 2 see d outcome of d turblence in dat place, how much more if its now a national thing.

dahmie2013:
Don't even bring moses 2 dis, moses was instructed by God 2 do what he did&he had God's backing dats why God cud even divide d red sea 4 deir sake. Left 2 moses dey wud have been dere. Moses had even married, had a son b4 2 show u how many yrs after he left egypt dat God called him 2 deliver dem&dats y it was a success. He didn't want 2 do it @ first, he came up with excuses like he stammers & oda things, until God had 2 convince him. Even Jesus didn't take his death likely despite him knowing he will rise again, he said "let dis cup pass over me, but @ thy will Lord" , 2 show u he didn't want 2 die himself.
As 4 ur loss, I'm sorry, but u've opened my eyes 2 why u need d war desperately, in order 2 avenge dose deaths, cos its thru dat platform u can easily achieve ur obj. If u start killing now, ppl will think u're insane, but if dere is a war & u kill anyone u'll say cos it was a war&u lost ppl 2 a war 2.
As 4 d protest, even here in Nigeria,ppl have died 4rm peaceful protest. I like how u referenced King, he started with a peaceful one, never was war intended, u cannot compare d casualities 4rm a war & dat of a protest. Ppl dat protest are willing 2 die,dey don't care what happens, dey're fighting 4 a course. During war, innocent ppl pay & suffer dearly. Children dat don't know d head or tail of d event die 4rm stray bullets. Families are displaced, looking 4 where 2 put dere heads. Have u been 2 any of d boko haram states in d last 5months, u need 2 see d outcome of d turblence in dat place, how much more if its now a national thing.

matter of fact am not interested in Biafra, I'm more interested in saving Nigeria from being a failed state, violence comes first before every war Biafra was not isolated as ibos were been violently attacked , since dialogue could not solve it war broke out .you see you are no different from Neville chamberlain and barak Obama ,you think by preaching peace everyone will get on board and the world would be a better place you people have always been wrong, look all the peace Obama preached yet in his presidency the Middle East have witnessed more war casualties than anytime in recent memories look what Russia did in Ukraine Isis is so bold that they slaughter people on life TV , things that was never thought years ago, thank god Britain realized early how idiotic and cowardly chamberlain was, they had to push him aside and bring the great Churchill who came and used force to end the greed and stupidity of hitler, I have lived among people who understands the power of force in correcting societal ills and it works there noting any Nigerian can tell me to make me think otherwise Nigerians are weak and lack understanding of life after death so leaders will keep using them as toilet paper, am happy I can run out sometime and watch the stupidity from a far cause it stinks like rotten bodies. Come to think of it, Nigeria is not the most corrupt countries in the world but the ones ahead of us are all at war so we might as well consider our country a nation at war. Because only war can create room for the kind of corruption found in Nigeria, so mr you are already at war you just too scared to take up arms . Do you know that Nigerians can declare to be refugees abroad and be granted amnesty? Only countries at war get such benefits. Don't rush to talk pls do some research, will make you sound a lot enlightened.

Oil firms’ cash flows worsen, banks jittery – Punch
FEBRUARY 26, 2016 BY ABOKIFX


Nigerian indigenous oil and gas firms are recording negative cash flows as the plunge in global oil prices lingers, a development that has sent shivers down the spines of many banks.

Nigerian banks have in recent years increased their exposure to the nation’s oil and gas sector, providing financing for asset acquisitions and development by indigenous firms.

Industry players, who spoke at the 13th Aret Adams Annual Lecture Series in Lagos on Thursday, lamented that the low oil price had severely affected their operations, leading to huge cuts in capital expenditure and affecting their ability to repay loans.

The Managing Director and Chief Executive Officer, Seplat Petroleum Development Company Plc, a major Nigerian independent oil and gas firm, Mr. Austin Avuru, said, “Exploration and production companies are now constrained. I think the banks are more nervous than the operating companies in Nigeria.

“We saw a profit warning yesterday (Wednesday) from First Bank describing impairments that are likely to erode their P&L bottom line when they publish their 2015 results. That is a warning to shareholders and investors and that is because of their exposure to the upstream segment of the oil and gas industry.”

He said exploration investments had almost dried up, adding that the implications would become evident later as addition to reserves would flatten out.

Avuru said, “When people ask me how we are doing, I say we are under water. If you can survive at the end of 2017 under this regime, you will be in business for all time. I suspect that there will be a lot of dead bodies by the end of 2017.

“The biggest problem with the independents is that we are all heavily leveraged. You borrowed to buy our assets. You borrowed to work the assets, and deployed critical capital expenditure so that you can ramp up production; so that you can repay your debts. Then came the drop in price. You cannot grow production because you don’t have the free cash flow to do that. You need production, even more production in this price regime.

“So our biggest problem is our discussion with our bankers. Most of us are now cash negative. As I said, you need more cash to do investment to grow oil production to be able to meet your obligations and that is exactly what you don’t have. For the majors, usually what they need to do is cut capex, fire some employees to balance their books and explain to their shareholders why they are reducing marginally the dividend payout.”

Avuru said the service companies had been hardest hit, adding, “57 per cent of the land rigs in Nigeria today are idle. Each of these will ordinarily be employing some 210 people. In 2013, we were operating seven rigs in Seplat, we dropped our last rig in November 2015. We don’t have a rig working for us now. Service companies are in serious trouble.”

The Managing Director and Chief Executive Officer, Chevron Nigeria Limited, Mr. Clay Neff, who described the drop in oil prices as dramatic by any scale or stretch, said, “We are going through challenging times. Development work has dropped significantly. New projects are being slowed down because the economics don’t justify going forward.”

He stressed the need to address the funding challenge facing joint venture oil and gas assets in Nigeria, putting the cash call arrears owed by the Nigerian National Petroleum Corporation at over $5bn.

http://abokifx.com/oil-firms-cash-flows-worsen-banks-jittery-punch/


Hmmm....