₦airaland Forum

History555:
Since this war started no single Ukraine soldier has died. No single tank destroyed. No armoured carrier destroyed. Only Russians are dying. Wonderful

Don't mind all these GOTV CNN puppets

The Russians are masters of air defense, that's why the west knows they cannot dare implement a no fly zone there ...

Masterito:
What do you know about Nazis? Seems you don't know who Nazis are. Because if you do, you won't say this trash or believe what Putin is saying.

Read up. Azov brigade my brother ..You don't know the Satanist agenda brewing in Ukraine

Useless man

The stupid Nazis tried to set fire to the plant but the Russians were able to get it in control ..Russia now control all sea ports , all nuclear powerplants and dominates the entire airspace over Ukraine... This is very tactical warfare to strangulate Zelensky out of power .

Hisbah21:
for doing what to the nation exactly? smell fishy,some people at the top taken this situation to cashout

Anybody applauding this is a fool..this is Treasury theft happening In Broad daylight

seunmsg:
This report is false. The first flight of evacuated Nigerians from Nigeria has landed in Abuja this morning. They were airlifted by Max airline. Other evacuation flights expected.

Yes I found out after I made my comment, that our citizens had began being airlifted from some airport in poland

Lol..mumu west

Buhari failure can not even be quantified

Evaporated to where ?

Na wa ...this is getting serious ..I hold US democrats responsible

You want to de-escalate yet you are pushing sanctions ..okay oo

After helping them rat out Kunles POLY Lagos Island drug distro

Nonsense..this is theft

First and foremost those guys don't work for for Chicken Republic but for Kings Guard and they were sacked by Kings guards not chicken republic ..

If Buhari had fixed our local refining capacity instead of importing we would be immune to this ..

FreeStuffsNG:
NNPC management is absolutely brilliant with this manner they blocked the unethical manner Exxonmobil want to cash out again. It is absolutely patriotic! They just saved the Shareholders of Seplat.

NNPC management will get into trouble if it did not raise these fundamental conditions before ExxonMobill cashes out like it did with Oando and landed Oando in trouble.

It is like a decade since Mobil cashed out with Oando yet Oando is yet to recover and the shareholders of Oando feeling utterly disgusted and defrauded.
That horrible episode must never be allowed to be repeated.

On Seplat , I believe that its subsequent share price rally on the account of the news of its purported and inchoate acquisition of MNP assets is unfortunate and may be premeditated because they were too hasty in announcing it .NGX did not help investors by publishing it when Seplat was yet to get the approval of the Minister and no object from NNPC.
Tomorrow,I see investors rushing out of Seplat and it will cause serious losses to those investors who bought Seplat shares on account of that news.
SE and NGx should actually investigate Seplat on this issue.
If you are an investor, next time think twice before making an investment decision on account of coporate action from Seplat. Like Seplat like Oando.

Oando problem stemmed from the dubious nature of the the founders and nothing more ..Oando was just a vehicle to scam investors

Show us Libya before invasion... stupid Western Propaganda

bibat37031:
Oga ABC the south east gas master plan is what you should be interested in forget Nigeria they would never like u

Exactly

While Seplat Energy Plc, a major energy company in Nigeria, has agreed to buy the shallow-water assets of ExxonMobil in the country, the crucial green light from the Nigerian National Petroleum Company Limited (NNPC) could come at a heavy cost.

Mele Kyari, the group managing director of NNPC, has said International Oil Companies (IOCs) divesting from Nigeria’s upstream sector must address issues of abandonment and decommissioning of oil assets.

Decommissioning, which is the general term for returning an oil production site to its pre-lease condition at the end of the useful life of the oil asset, can be a costly exercise for the companies involved. Many fields abandoned in Nigeria are not decommissioned largely because the local companies who acquire them don’t have the required funds to do so.

“We will not end the 2012 situation in Nigeria; it will be done in a manner that brings value to Nigeria,” said Kyari at a panel session during the Nigerian International Energy Summit in Abuja on Tuesday.

He had said on Monday that to sustain a prosperous business environment for Nigeria, the national oil company would pay particular attention to abandonment and relinquishment costs, severance of operator staff, third-party contract liabilities, and competency of the buyer of any divested asset.

The completion of the Seplat/ExxonMobil deal is subject to ministerial consent and other required regulatory approvals. It is usually at this stage that such deals emerge whole or come out bleeding in every opening.

While the NNPC has not hidden its intention to snap up the assets, it has struggled to raise financing. Only last month, the NNPC and the African Export-Import Bank agreed to raise $5 billion as corporate finance to fund major investments in Nigeria’s upstream sector.

It is not clear if the NNPC has obtained this financing but there are fears its cooperation would be harder to secure.

Some analysts say that for the deal to get to this stage, NNPC may have already provided some support or laid conditions that must be met.

Ayodele Oni, energy lawyer and partner at Bloomfield Law Practice, said there are pre-emption rights for NNPC’s joint operating agreements.

These pre-emption rights usually give the NNPC the right to match the best (financial) terms for any such acquisition and acquire the said asset, according to him.

“Usually, one condition to closing such deals is a document evincing the waiver of pre-emption rights by the NNPC and other joint venture partners, if any. Thus, generally speaking, and depending on the stage they are at and whether a waiver has even been obtained from NNPC, it may be able to scuttle same,” Oni said.

According to the terms of the Joint Venture (JV) contract, the NNPC, which holds a 60 percent share in the Mobil Producing Nigeria Unlimited (MPNU) JV, has the right of first refusal in any asset sale agreement.

Some analysts have said that NNPC could throw a monkey wrench into the deal because its views would be taken seriously before the deal secures ministerial blessing.

Read also: Seplat Energy grows full-year pre-tax profit by 321.1% to N71bn

A source close to the government said it might be hard to get this blessing on account of “the issues NNPC is throwing up.”

https://businessday.ng/energy/article/seplats-bid-for-exxonmobil-assets-meets-nnpc-brick-wall/pqa

Regime change is amust

What has Russian economy not seen before

Olunmercy56:
Mere ghanians went and brought their people home safely, Nigerians are still stranded there

Nigerians hardly get anything right

seunny4lif:
Read brother
Ukrainian

Okay sir

When has this country ever soared ? Why do we like living in a delusion

Western media will look the other way

Philipmems:
It's unfortunate hypocrites like you that hide behind religion is so myopic that you can't see beyond your nose. Silicone valley is the home of technology, Elon musk and his peers has revolutionized space technology, if you are dumb enough to think that Russia not collaborating with the US for their rocket engine technology has any effect on the US, then you are clearly not a critical thinker as I expect from fake religious fanatics.
With your commitment to religion and all the pastors and churches in Nigeria, can you explain to the world why Nigeria is not flowing with milk and honey as promised for God's people in the Bible?

The same Elon Musk Joe Biden has been snubbing?

Righteousness2:
The ridicule on Nomerica is too much

This is what happens when an individual or Nation Blessed, advanced and Powered by GOD , turns his/her back on GOD!

Satanist have taken over that country

Group again

UpLoyo:
Another NL ignorant mor.on

See my message is not for people with low IQ so please move on Gbefu