₦airaland Forum

favor914:
Where is the bill of laden as proof that it was imported by The NNPC?

favor914:
Please show us the prove that the vessel is for the NNPC & stop trying to change the narrative.

TopBanter:
Loads. Yet hate and ignorance won't ever allow you IPOB folks see or acknowledge the good PBAT is doing.

How many Nigerians know there is now a brand new affordable home mortgage scheme created by PBAT, as he promised during campaigning, with a seed fund of 1 trillion Naira that provide low interest home purchase loans to average Nigeria with a repayment lifespan of up to 20 years?

It is here now. Employed Nigerians, go and get your loans and own homes. Never listen to SalamRushdie and other bitter haters of the "Zoo" who will tell you it is scam same as they insisted Dangote Refinery is a scam that will never produce a drop of petrol.

PBAT is doing a lot silently. I followed his campaign promises and he is delivering on them.

This brilliant MREIF scheme has never ever being done or contemplated before as an FG initiative. PBAT is working while enemies-within and supporters of Atiku, Obi , El Rufai and co, who have nothing to offer Nigeria, are making distractive noise up and down.

PBAT needs me as publicity manager for his Government walahi. Imagine the revolutionary innovation shown being mainly featured on radio ads and jingles. To hell with Atiku, Obi, El Rufai and co.


https://www.arm.com.ng/mreif-about-us/

Adealinga1985:
are you dense ni? Please show us the prove that the vessel is for the NNPC stop arguing like slowpoke

Maxymilliano:
Akpabio don flirt with the wrong person

TopBanter:
@OP.

Stop casting PBAT unnecessarily. He is not into controversy and gbas gbos as Trump is. Our President is focused on Nigerian solutions for Nigerian problems. He is no crude Rambo like Trump so refrain from portraying him as such.

He has an eye on cementing his place in history as a progressive and reformational President of the biggest black nation on Earth.

Meaning he is open to engaging with allies from any nation, in any continent, that can be a strategic and productive partner to Nigeria.

I don't have the intellect of PBAT but even I see why the USA, in today's world, cannot be a nation Nigeria will fawningly court to the point or receiving insult from Trump.

We have options and, the more we become net exporters of the refined derivatives of crude oil, the more our independent global influence and power increases like Saudi Arabia, meaning our President won't ever be in Zelensky's shoes.

Putindbutt:
A better leader by selling off our national assets at scraps to his cronies. Thieves and supporters of thieves.

Putindbutt:
You're not smart at all.

Putindbutt:
How does that negative the fact that oil marketers are at the liberty to import fuel in a liberalized sector?. Abi, Dangote that y'all losers have been slandering for monopoly should bring that into the oil industry?. Do you have sense?

Lorddominic:
Wat made u think dat those tankers were carrying petrol... They could be carrying other liquid chemicals

Saga16:
You've been calling everyone who calls out your blatant lies, shills for hire.

Yet, one thing is clear.

You are an Atiku comment-for-hire shill.

Maybe you think people haven't cottoned on to your antics.

Putindbutt:
So, the importers that are scared according to this article in the link below belongs to NNPCL?. I don't envy your bitter existence at all. Is Dangote not presently in court to revoke the Importation license of fuel marketers?. They more you open your mouth, the more you sound dumber.
https://www.nairaland.com/8353418/importers-fret-dangote-lowers-petrol

TimeManager:
The misconception stemmed from the fact that some people confused every fuel Importation and attribute it to NNPC. But they are ignorant of the fact that there are independent marketers under different umbrella bodies who always look to import cheaper fuel from abroad into the country to complement the fuel supply in the country.


-Kiss the truth!

Obrigardo:
Anyone watching what's happening? Zelensky stood up to the bullies and now this admin looks so small.
What a time to be alive.

He is an absolute disgrace even to his fans.

CodeTemplar:
...i take it to mean that they always end up converting their naira profit into lesser than the forex input every year.

CodeTemplar:
Airtel first and now MTN. I was wrong about SA businesses afterall. At least there wont be another floating so they should recover in the years ahead.

MTN Nigeria reported a N400.44bn loss after tax for the year ended December 31, 2024, as the devaluation of the naira drove up foreign exchange losses and weighed on the company’s earnings.

The loss, disclosed in the company’s audited financial statements released on Thursday, represents a 192 per cent increase from the N137.02bn loss recorded in 2023.

The operator with over 80 million customers said the sharp depreciation of the naira significantly impacted its foreign exchange exposure, with forex losses surging to N925bn from N740bn in the previous year.

The naira depreciated to N1,535/$ by the end of 2024 from N907/$1 as of December 31, 2023, MTN noted

Despite the result, the telco’s revenue rose by 36 per cent to N3.36tn in 2024, up from N2.47tn in the previous year, driven by continued demand for data and digital services.

Part of the report stated, “Forex losses arising from the revaluation of foreign currency-denominated obligations resulted in a loss after tax of N400.4bn (2023: N137 billion loss), albeit with a positive result in Q4 (PAT of N114.5bn).

“Consequently, we reported negative retained earnings of N607.5bn (December 2023: negative N208bn), which was an improvement from the June 2024 balance of N727.2bn.”


'Forgive and Forget,' MTN apologises to customers over 200% data price hike
Telcos tariff hike: Reps demand reversal as new pricing begins MTN implements 50% tariff hike, raises data prices
Operating profit, the profit from the company’s core business activities—stood at N778.2bn, representing a marginal increase of 0.46 per cent from N774.6bn in the previous year. However, the gains were wiped out by forex losses.

In his remarks, MTN Nigeria CEO, Karl Toriola said, “We are encouraged by the resilience of our business in FY 2024, which reflects our strong commitment to driving growth and managing costs.

“Despite facing significant macroeconomic headwinds, including record-high inflation, as well as ongoing currency and energy price volatility, we remained focused on executing our strategy and creating long-term value for our stakeholders.

“We are grateful to the authorities for the recent approval of tariff adjustments, which are essential for our industry’s sustainability and crucial for addressing our negative capital position.”

Saga16:
Which village market?

You know, all you ever do is complain.