₦airaland Forum

assurance by funny Nsikak
https://www.youtube.com/watch?v=3LSA2wR2fzc

Gh

BedLam:
That is what happens when you are not innovative just like most other Nigerian businesses like Dangote and Globalcom. These guys just rake in analogue money with no innovation on their side. After many years, these people can't drill oil. We still use Foreign companies to drill our own oil. Meanwhile China the world's largest importer of oil has one of the biggest Oil companies in the world.

You hear of Gazprom of Russia, Saudi Aramco and you wonder what we are doing in this part of the world.

The future will tell. I'm sure one day, cement won't be tasting this sweet.

Yep. We are not serious people at all.

BedLam:
That is what happens when you are not innovative just like most other Nigerian businesses like Dangote and Globalcom. These guys just rake in analogue money with no innovation on their side. After many years, these people can't drill oil. We still use Foreign companies to drill our own oil. Meanwhile China the world's largest importer of oil has one of the biggest Oil companies in the world.

You hear of Gazprom of Russia, Saudi Aramco and you wonder what we are doing in this part of the world.

The future will tell. I'm sure one day, cement won't be tasting this sweet.

You sound very innovative, I like that

lordcabasa:
Another casualty of President Buhari's unproductive body language.

use your brain and stop reading o LG headlines olodo

mctolspell:
As much as I agree with you, Gazprom and the likes had issues too when the oil price was low. Ask Angola, they still in recession.
Most of this companies are one man owned though they are traded on the stock exchange.. they just enjoy the goodies(corruption in their own way) from any government in power. Not the right way of doing business.

Part of Gazprom issues was from the sanctions...Don't think Angola has a top tier energy company anyway.
Individuality is so imbibed in us that we fail to see how far we can go with partnerships.
They enjoy the limited largesse corruption brings and that's all. They can't even expand to better countries because their business model is flawed with malpractices or maybe they even have none.
Same thing applies to innoson, dude will rather have all the shares and control than expand with partnerships.

Flokey:
Buhari body odour has done it again

just look at how u disgrace yourself on public forum.
Lazy youth stop reading only headline
Maybe if we tell your likes that brain is an app you will start using it

That’s it, malpractices and corruption, how can they succeed in Ghana where there is not subsidy regime or some other loop holes to siphon funds, no one is basically doing business the right way in Nigeria.No one! The market is there, the knowledge and innovation(as you rightly put) isn’t.
My question is, do we really have people trading this equities on the stock exchange, cos last time I tried getting on NSE website, (one Monday morning) it was down. �

BedLam:
Part of Gazprom issues was from the sanctions...Don't think Angola has a top tier energy company anyway.
Individuality is so imbibed in us that we fail to see how far we can go with partnerships.
They enjoy the limited largesse corruption brings and that's all. They can't even expand to better countries because their business model is flawed with malpractices or maybe they even have none.
Same thing applies to innoson, dude will rather have all the shares and control than expand with partnerships.

PassingShot:
Frustrated Shiite?

my brother i am a sunni like you but being a Muslim will never stop me from saying the truth
Buhari is a criminal and a terrorist
any Muslim supporting buhari is an extremist and a pro terrorist
they're no different from bokoharam and fulani herdsmen killing people and thinking it's right
Allah (swt) forbids us from supporting evil
asalamualykum bro

IsaAbubakar:
my brother i am a sunni like you but being a Muslim will never stop me from saying the truth
Buhari is a criminal and a terrorist
any Muslim supporting buhari is an extremist and a pro terrorist
they're no different from bokoharam and fulani herdsmen killing people and thinking it's right
Allah (swt) forbids us from supporting evil
asalamualykum bro

I asked you a simple question and you're foaming in the mouth already.

How do you make idiotic claims without proof?

BedLam:
That is what happens when you are not innovative just like most other Nigerian businesses like Dangote and Globalcom. These guys just rake in analogue money with no innovation on their side. After many years, these people can't drill oil. We still use Foreign companies to drill our own oil. Meanwhile China the world's largest importer of oil has one of the biggest Oil companies in the world.

You hear of Gazprom of Russia, Saudi Aramco and you wonder what we are doing in this part of the world.

The future will tell. I'm sure one day, cement won't be tasting this sweet.

Your comment is a rant as selling unyielding assets to focus on core business is normal practice for all businesses including both Aramco and Gazprom that you mentioned. The Reuters report didn't suggest that Forte is in distress but rather that the company is repositioning.

Get it, man.

mctolspell:
That’s it, malpractices and corruption, how can they succeed in Ghana where there is not subsidy regime or some other loop holes to siphon funds, no one is basically doing business the right way in Nigeria.No one! The market is there, the knowledge and innovation(as you rightly put) isn’t.
My question is, do we really have people trading this equities on the stock exchange, cos last time I tried getting on NSE website, (one Monday morning) it was down. �

For all I care, I haven't even bother about NSE because I can't see why. Someone said DAAR shares he bought haven't yeild anything in years. The market as you'd expect will lack tight regulation and the companies behind them are a different story entirely.
Then we talk about lack of new companies because growth is not encouraged.
Spotify got listed on the NYSE last month. When was the last time a new company got listed on the NSE? I'm not talking MTN. How can companies come up when there's no innovation and funding ? I tire.

kjhova:
Your comment is a rant as selling unyielding assets to focus on core business is normal practice for all businesses including both Aramco and Gazprom that you mentioned. The Reuters report didn't suggest that Forte is in distress but rather that the company is repositioning.

Get it, man.

You didn't see where Forte Oil shares fall 49%?
Now can you enlighten the public on what their core business is ? And what they are focusing on?
If your assets are aren't yielding then that's bad business and from the ground up, Nigerian business lack innovation which is one thing businesses worldwide do.

Buhari is a wicked corrupt terrorist but anybody that feels America has our best interest at heart is joking! DON'T FORGET NIGERIA IS A THREAT TO WHITE SUPREMACY!....... NIGERIA IS THE STRONGEST BLACK NATION ON EARTH AND THE LARGEST BLACK ONLY NATION!... if Nigeria can succeed as a nation then blacks will believe in themselves! I'm no racist but the White power cannot let that happen! we are a walking time bomb! especially the Muslim north! there's nothing to gain from killings and violence! you can't kill the whole nation! you don't have valuable resources that the country depends on! SO WHY THE KILLINGS?........ Christians should never allow foreign countries spoil our hearts!... At first I vex too o! but wen I sidan look our position, NA SENSE WE NEED TO FOLLOW UP THESE WHITE PEOPLE OR ELSE WE'LL BE LIKE RWANDA AND C.A.R...... where Americans will come n be testing their new weapons! it will be a shame to the black race if we fail....please edit, copy n pass this message on Facebook, Twitter, whatsapp or I.G....... let everyone know what the white really think of us...let those joking Politicians realize we are not out of the woods yet!!!!!!

IsaAbubakar:
my brother i am a sunni like you but being a Muslim will never stop me from saying the truth
Buhari is a criminal and a terrorist
any Muslim supporting buhari is an extremist and a pro terrorist
they're no different from bokoharam and fulani herdsmen killing people and thinking it's right
Allah (swt) forbids us from supporting evil
asalamualykum bro

What does Islam say about assumptions and judgemental statements? May Allah forgive us all. Salam alaekum.

It’s a sad story, how can DAAR pay dividends? There’s no tight regulations, no agency overseeing them. companies offering IPO in Nigeria, are only looking for ways to take the common man’s money, except Maybe banks as they have stricter regulatory bodies. Tell your friend to move on and forget about DAAR.

BedLam:
For all I care, I haven't even bother about NSE because I can't see why. Someone said DAAR shares he bought haven't yeild anything in years. The market as you'd expect will lack tight regulation and the companies behind them are a different story entirely.
Then we talk about lack of new companies because growth is not encouraged.
Spotify got listed on the NYSE last month. When was the last time a new company got listed on the NSE? I'm not talking MTN. How can companies come up when there's no innovation and funding ? I tire.

mctolspell:
It’s a sad story, how can DAAR pay dividends? There’s no tight regulations, no agency overseeing them. companies offering IPO in Nigeria, are only looking for ways to take the common man’s money, except Maybe banks as they have stricter regulatory bodies. Tell your friend to move on and forget about DAAR.

Lol. I sure will.

BedLam:
You didn't see where Forte Oil shares fall 49%?
Now can you enlighten the public on what their core business is ? And what they are focusing on?
If your assets are aren't yielding then that's bad business and from the ground up, Nigerian business lack innovation which is one thing businesses worldwide do.

Generalization is at the core of every rant and I am quite sure you do not have any empirical evidence for your claim above that "Nigerian business lack innovation", whatever that means.

Yes, shares fell last year by 49% however it is up now and presently at N57+. The company has identified that losses from unyielding assets (including downstream Ghana business and Upstream Nigeria investments) are eroding gains from their core business. Management has taken a decision they consider best and now await board review and approval to sell off the said assets and invest same sum in growing the core business which has been profitable.

Please don't sit on your couch only to rant at well trained guys running big business which you don't understand much.

BedLam:
That is what happens when you are not innovative just like most other Nigerian businesses like Dangote and Globalcom. These guys just rake in analogue money with no innovation on their side. After many years, these people can't drill oil. We still use Foreign companies to drill our own oil. Meanwhile China the world's largest importer of oil has one of the biggest Oil companies in the world.

You hear of Gazprom of Russia, Saudi Aramco and you wonder what we are doing in this part of the world.

The future will tell. I'm sure one day, cement won't be tasting this sweet.

The company, majority owned by billionaire, Femi Otedola, has also been in talks with a major refinery to form a strategic partnership for local refining of petroleum products.



Ur statement shows y the rich would always be rich...this guy knows importing fuel would soon go extinct with dangote refinery n co...so he has decided to partner n build than keep importing..

BedLam:
That is what happens when you are not innovative just like most other Nigerian businesses like Dangote and Globalcom. These guys just rake in analogue money with no innovation on their side. After many years, these people can't drill oil. We still use Foreign companies to drill our own oil. Meanwhile China the world's largest importer of oil has one of the biggest Oil companies in the world.

You hear of Gazprom of Russia, Saudi Aramco and you wonder what we are doing in this part of the world.

The future will tell. I'm sure one day, cement won't be tasting this sweet.

A daniel has come to court. U have spoken wisely beyond ur years. That reason u mentioned is why Nigerians solely owned firms die out after a time.

kjhova:
Generalization is at the core of every rant and I am quite sure you do not have any empirical evidence for your claim above that "Nigerian business lack innovation", whatever that means.

Yes, shares fell last year by 49% however it is up now and presently at N57+. The company has identified that losses from unyielding assets (including downstream Ghana business and Upstream Nigeria investments) are eroding gains from their core business. Management has taken a decision they consider best and now await board review and approval to sell off the said assets and invest same sum in growing the core business which has been profitable.

Please don't sit on your couch only to rant at well trained guys running big business which you don't understand much.

If down stream in Ghana and upstream in Nigeria is being affected, then something is wrong! I can sit on my couch and see the future. I don't know about you. You still failed to mention theur core business since Upstream and Downstream in both countries are affected. I guess there's a middle stream? Lol!
He had to wait for Dangote to start building a refinery before thinking of it ? That's stupid. He's been in that section for ages!

ncoolsome:
The company, majority owned by billionaire, Femi Otedola, has also been in talks with a major refinery to form a strategic partnership for local refining of petroleum products.



Ur statement shows y the rich would always be rich...this guy knows importing fuel would soon go extinct with dangote refinery n co...so he has decided to partner n build than keep importing..

He had to wait until Dangote started building a refinery before he starts his own...that's having a none player take advantage of you and your business. He will be cut out !
Still boils down to lack of innovation.

BedLam:
If down stream in Ghana and upstream in Nigeria is being affected, then something is wrong! I can sit on my couch and see the future. I don't know about you. You still failed to mention theur core business since Upstream and Downstream in both countries are affected. I guess there's a middle stream? Lol!
He had to wait for Dangote to start building a refinery before thinking of it ? That's stupid. He's been in that section for ages!

There's nothing "lol" about middlestream, if you have anything near a pole length familiarity with the Oil and Gas sector. I didn't mention Forte Oil's core business because it is well known to be downstream. Moreso, the article itslef stated that the gains from the assets sales will be channelled to growing their core business by investing in new refining, storage and sales capacities. What more can you possibly want me to add to that?

No where in the world where everyone invest in the same business at the same time so no big deal if Dangote ventured into refining first. The industry is big enough for multiple players so I can't see your point of ridicule.

Calling Forte Oil stupid says much of your understanding of things as it passes you as embittered. Rest it, man.

kjhova:
There's nothing "lol" about middlestream, if you have anything near a pole length familiarity with the Oil and Gas sector. I didn't mention Forte Oil's core business because it is well known to be downstream. Moreso, the article itslef stated that the gains from the assets sales will be channelled to growing their core business by investing in new refining, storage and sales capacities. What more can you possibly want me to add to that?

No where in the world where everyone invest in the same business at the same time so no big deal if Dangote ventured into refining first. The industry is big enough for multiple players so I can't see your point of ridicule.

Calling Forte Oil stupid says much of your understanding of things as it passes you as embittered. Rest it, man.

Typical. Any opposing views is seen my cavemen as hate and bitterness.
It still boils down to lack of foresight. Take it or leave it.
I am still seeing the future from my couch.

drnoel:
A daniel has come to court. U have spoken wisely beyond ur years. That reason u mentioned is why Nigerians solely owned firms die out after a time.

Except all he said were wrong, Gazprom and Saudi Aramco are government owned. Still, battered by global oil glut just like every other oil business. Or why do you think Saudi is launching Aramco IPO? It is simply to curb the impact of global oil on its economy and broadly diversify the economy by opening it up.

If Forte is doing a similar thing to curtail effect of global oil on its revenue base like Shell did last year, Mobil, etc, how is that lack of innovation?

zeestunner:
Otedola and dangote arrangement one will refine the other distribute

Too much sense wee not kee you . They are best of friends and their desire to focus on distribution, means that's what will happen

BedLam:
Typical. Any opposing views is seen my cavemen as hate and bitterness.
It still boils down to lack of foresight. Take it or leave it.
I am still seeing the future from my couch.

Ces't la vie!

emmyid:
I wish I could comment. But I don't have anything reasonable to say here because it's talking about business and investment. I hope one day I can boost of being among the top investors in the country, so such news will matter to me.

For Now- this land is not for sale. Beware of Chidi my son!

Let me buy your space...

zeestunner:
Otedola and dangote arrangement one will refine the other distribute

na only you get sense for here

BedLam:
That is what happens when you are not innovative just like most other Nigerian businesses like Dangote and Globalcom. These guys just rake in analogue money with no innovation on their side. After many years, these people can't drill oil. We still use Foreign companies to drill our own oil. Meanwhile China the world's largest importer of oil has one of the biggest Oil companies in the world.

You hear of Gazprom of Russia, Saudi Aramco and you wonder what we are doing in this part of the world.

The future will tell. I'm sure one day, cement won't be tasting this sweet.

True o.. but which innovative company have you started and where have you gotten to

BedLam:
That is what happens when you are not innovative just like most other Nigerian businesses like Dangote and Globalcom. These guys just rake in analogue money with no innovation on their side. After many years, these people can't drill oil. We still use Foreign companies to drill our own oil. Meanwhile China the world's largest importer of oil has one of the biggest Oil companies in the world.

You hear of Gazprom of Russia, Saudi Aramco and you wonder what we are doing in this part of the world.

The future will tell. I'm sure one day, cement won't be tasting this sweet.

Haha, drilling oil is not beans... after licensing you would still need a whole lot of funds in order to initiate. Please go and find out about the other indigenous oil exploration companies and how they are fairing because Walter Smith and seplat are not having it as good as you would think.

Also, research the work you need to put in in order to be an upstream player, that's why most people would rather sell their OML's than explore it. Or better yet enter a partnership with one of the big boys.

Forte oil is not part of the big boys, it's bettered they continue on their downstream than risk it on upstream, because it is very easy to lose it all in crude exploration. Ask Boris becker how he is fairing, I'm sure it isn't great.

WebSurfer:
True o.. but which innovative company have you started and where have you gotten to

I nourish in Darkness.