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EPL Chatroom - All Discussions - European Football (EPL, UEFA, La Liga) (3983) - Nairaland

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Re: EPL Chatroom - All Discussions by Itsrm(m): 1:11pm On Jan 05
iamoyindamola:


E shock me oo i think say the whole of port harcourt will be swimming in rice by now

Dey play grin
Re: EPL Chatroom - All Discussions by Amoto94(m): 1:12pm On Jan 05
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Re: EPL Chatroom - All Discussions by BlueRayDick: 1:12pm On Jan 05
liveLongNprospa:


OH the issue with the deal is the interest rate.
But I just dey point out the fact say TOE Don dey benefit from this FG 😁

E be like say u no know TOE, he's all about the Benjamins na. cheesy
Re: EPL Chatroom - All Discussions by GloriousGbola: 1:15pm On Jan 05
izzou:


He has a point, you know!

https://www.bpe.gov.ng/kaduna-refining-and-petrochemical-company-krpc/#:~:text=The%20refinery%20was%20commissioned%20in,of%20lubricating%20oils%20(lubes).

From the article - The refinery has never operated at over 36% capacity.

https://www.nairaland.com/3065460/major-pipeline-back-track-fuel

This was kachikwu being optimistic in 2016 after they fixed the pipeline to the refinery.

In 2018 they reported that the refinery is nnpcs biggest loss maker.

If the government is serious about making kaduna refinery work then they should do what kachikwu pushed for - a jv with legitimate private businesses. Anything else and we will be reporting the same thing in 2025,that the refinery is making a loss after massive capital investment

You in particular are a stone cold businessman and you know that poorly planned investment in infrastructure that has never turned a profit in the past is a bad idea. None of the variables that made kaduna refinery produce at 36% and make a loss have been addressed or even actually figured out

This is just throwing money at a problem with the hope that it solves it.
Re: EPL Chatroom - All Discussions by izzou(m): 1:41pm On Jan 05
GloriousGbola:


https://www.bpe.gov.ng/kaduna-refining-and-petrochemical-company-krpc/#:~:text=The%20refinery%20was%20commissioned%20in,of%20lubricating%20oils%20(lubes).

From the article - The refinery has never operated at over 36% capacity.

https://www.nairaland.com/3065460/major-pipeline-back-track-fuel

This was kachikwu being optimistic in 2016 after they fixed the pipeline to the refinery.

In 2018 they reported that the refinery is nnpcs biggest loss maker.

If the government is serious about making kaduna refinery work then they should do what kachikwu pushed for - a jv with legitimate private businesses. Anything else and we will be reporting the same thing in 2025,that the refinery is making a loss after massive capital investment

You in particular are a stone cold businessman and you know that poorly planned investment in infrastructure that has never turned a profit in the past is a bad idea. None of the variables that made kaduna refinery produce at 36% and make a loss have been addressed or even actually figured out

This is just throwing money at a problem with the hope that it solves it.

I have not said you're wrong. I'm saying he has a point.

You buy a bus for 60k, and it has made back to back losses. Then I show up to buy it from you for 200 naira. You won't sell.

His point was that anyone could grossly undervalue the refinery and that was why past presidents probably didn't want to sell.
Re: EPL Chatroom - All Discussions by GloriousGbola: 1:56pm On Jan 05
izzou:


I have not said you're wrong. I'm saying he has a point.

You buy a bus for 60k, and it has made back to back losses. Then I show up to buy it from you for 200 naira. You won't sell.

His point was that anyone could grossly undervalue the refinery and that was why past presidents probably didn't want to sell.

That is called the sunk cost fallacy.

It is the same thing that makes victims of. 419 scams keep dropping money even when it is clear something is wrong. A refusal to come to terms with the fact that it is a bad investment. If I just put another x amount this can turn around and we will start to make money.

Kaduna refinerys history shows it is a bad business decision and the fg has not been able to turn it around.

To take your analogy further, if you buy your loss making bus brand new and have it for 6 years, do you think you can sell it for anything other than scrap?

That is where net book value comes in.

7 Likes 1 Share

Re: EPL Chatroom - All Discussions by iamoyindamola(m): 2:24pm On Jan 05
https://www.nairaland.com/7958270/change-no-dey-2months-go
Might be funny but this is serious people are suffering
Re: EPL Chatroom - All Discussions by Kilishihunter: 2:57pm On Jan 05
WhoDeyHause:
To go school good oo.See intellectual and scientific battle but wait mr disstroy don't be angry but I just want to know if you want to do pre-intimacy with your babe or any random waist that enters your trap is this how you normally use big grammar to scatter their brains or you switch to ibibio or broken if you are carrying them go where dem no know, how you even toast them self? Me that used to carry Oxford dictionary to read some of your comments before I dey on things on things and I know I'm not the only one that does that here.
I'm just imagining you going to buy suya and saying more mighty words than Hello Grilled beef vendor. Compliments of the newest annual compilation of a dozen months to your amiable self. I would like to eagerly purchase 20 score and a thousand naira worth of your consistent but gingerly prepared grilled beef over your coal powered flames. Oh night time vendor of core northern extraction kindly do well to add your well garnished and granulated condiments consisting of fine ginger, sharp garlic, fiery pepper and the likes with largely sliced doses of allium cepa. You know I have to swiftly erase my ever insatiable pangs of hunger which deflate my energy conserved to undertake various and rigorous amounts of workload reserved for me on the magnanimous cyberspace. Do attend to that with the perfect precision possible, obrigado. Omo the aboki go just run mad.
Guy you no dey ever change grin grin grin grin grin grin
Re: EPL Chatroom - All Discussions by BlueRayDick: 3:00pm On Jan 05
https://www.nairaland.com/7959354/nbc-orders-radio-tv-stations

Wetin be this ? So TV & radio stations have been ordered to stop reporting details of herdsmen attack ? Na wa o.

We never ready for this country.
Re: EPL Chatroom - All Discussions by iamoyindamola(m): 3:06pm On Jan 05
BlueRayDick:
https://www.nairaland.com/7959354/nbc-orders-radio-tv-stations

Wetin be this ? So TV & radio stations have been ordered to stop reporting details of herdsmen attack ? Na wa o.

We never ready for this country.
grin grin
This is not funny at all
Re: EPL Chatroom - All Discussions by BlueRayDick: 3:09pm On Jan 05
iamoyindamola:

grin grin
This is not funny at all

Make Tinubu kukuma vacate president seat give Fulani Herdsmen power make dem dey rule us na
Re: EPL Chatroom - All Discussions by CrystalTiger(m): 3:33pm On Jan 05
BlueRayDick:
https://www.nairaland.com/7959354/nbc-orders-radio-tv-stations

Wetin be this ? So TV & radio stations have been ordered to stop reporting details of herdsmen attack ? Na wa o.

We never ready for this country.

This is why I pity this VDM guy that's trending with his recent video report of the attacks in Plateau.. Man's report was too detailed, even visited the village..

Was personally wondering how an individual's report could be so detailed yet nothing from our big media houses..Make them no go arrest or kpai him sha..
Re: EPL Chatroom - All Discussions by Amoto94(m): 3:51pm On Jan 05
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Re: EPL Chatroom - All Discussions by BlueRayDick: 4:03pm On Jan 05
CrystalTiger:


This is why I pity this VDM guy that's trending with his recent video report of the attacks in Plateau.. Man's report was too detailed, even visited the village..

Was personally wondering how an individual's report could be so detailed yet nothing from our big media houses..Make them no go arrest or kpai him sha..

I didn't he did a video on the incident cos I usually skip that guy's video anywhere I come across it online. But like u rightly said, he should be careful delving into this herdsmen waters cos we all saw what Obadiah Malafia went through before his eventual demise.
Re: EPL Chatroom - All Discussions by Itsrm(m): 5:03pm On Jan 05
Who is following this story on twitter. Babe don cashout 1.2m cheesy

https://twitter.com/_Debbie_OA/status/1743291754252505408
Re: EPL Chatroom - All Discussions by BlueRayDick: 5:07pm On Jan 05
Itsrm:
Who is following this story on twitter. Babe don cashout 1.2m cheesy


Which story?
Re: EPL Chatroom - All Discussions by Itsrm(m): 5:07pm On Jan 05
Re: EPL Chatroom - All Discussions by Shegzdave: 5:14pm On Jan 05
Itsrm:


Forgot to include the link

https://twitter.com/_Debbie_OA/status/1743291754252505408
I saw it on a friend WhatsApp status this morning, so this woman just made over a million Naira soft just cause she cooks for her husband.. we’re not even sure she does but her reply to a post made her over a million Naira
Re: EPL Chatroom - All Discussions by BlueRayDick: 5:15pm On Jan 05
Itsrm:


Forgot to include the link

https://twitter.com/_Debbie_OA/status/1743291754252505408

Okay, the lady that says she wakes 4.50am to cook for her husband cos a female colleague has been bringing food to share with him?


Why are they giving her money ?
Re: EPL Chatroom - All Discussions by Itsrm(m): 5:21pm On Jan 05
BlueRayDick:


Okay, the lady that says she wakes 4.50am to cook for her husband cos a female colleague has been bringing food to share with him?


Why are they giving her money ?

Some feminists led by Ujuanya demanded for her head. Guys and other ladies rallied around and supported her. Someone asked why she doesn't cook and refrigerate. She said she doesn't have enough money to buy. Her account number was requested and viola, 1.2m in her account.
Re: EPL Chatroom - All Discussions by Itsrm(m): 5:24pm On Jan 05
Shegzdave:

I saw it on a friend WhatsApp status this morning, so this woman just made over a million Naira soft just cause she cooks for her husband.. we’re not even sure she does but her reply to a post made her over a million Naira

Destalker say, when God pick your call, whether you wear Jersey or you no wear, you go play for match.

God don pick her call whether the story is true or false. She even said someone has offered her a remote job.
Re: EPL Chatroom - All Discussions by BlueRayDick: 5:25pm On Jan 05
Itsrm:


Some feminists led by Ujuanya demanded for her head. Guys and other ladies rallied around her and supported her. Someone asked why she doesn't cook and refrigerate. She said she doesn't have enough money to buy. Her account number was requested and viola, 1.2m in her account.

lol. That their twitter sef, e be like say both the feminist and the people wey rally round her no get serious work wey dem dey do.

Alarm no reach their side, na why dem get all those kind time for such trivial matter. Wetin concern me if a lady is trying to save her marriage by preparing food for her husband? undecided
Re: EPL Chatroom - All Discussions by Itsrm(m): 5:33pm On Jan 05
BlueRayDick:


lol. That their twitter sef, e be like say both the feminist and the people wey rally round her no get serious work wey dem dey do.

Alarm no reach their side, na why dem get all those kind time for such trivial matter. Wetin concern me if a lady is trying to save her marriage by preparing food for her husband? undecided

😂😂

Some may not be in the country though
Re: EPL Chatroom - All Discussions by DissTroy(m): 5:36pm On Jan 05
BlueRayDick:


lol. That their twitter sef, e be like say both the feminist and the people wey rally round her no get serious work wey dem dey do.

Alarm no reach their side, na why dem get all those kind time for such trivial matter. Wetin concern me if a lady is trying to save her marriage by preparing food for her husband? undecided

Tweet engagements and, consequently, visibility are the goals. The truth rarely matters on Twitter NG. Perception is more powerful than reality on that platform.

And God help you if you ever get personal with any of the actively-posting women there (Twitter NG). She'd sacrifice you on the altar of public ridicule and scorn if it's guaranteed to get her trending and engagements.

1 Like

Re: EPL Chatroom - All Discussions by BlueRayDick: 5:59pm On Jan 05
Itsrm:


😂😂

Some may not be in the country though

Even if they are not in the country , it means they are not really busy wherever they are or they are just not serious .

What’s the fuss about a married woman waking early to make lunch for her husband ? Shey if they have kids who go to school she won’t wake early to make their breakfast and if possible lunch , get them ready for school etc if she doesn’t have a house help?

1 Like

Re: EPL Chatroom - All Discussions by BlueRayDick: 6:00pm On Jan 05
DissTroy:


Tweet engagements and, consequently, visibility are the goals. The truth rarely matters on Twitter NG. Perception is more powerful than reality on that platform.

And God help you if you ever get personal with any of the actively-posting women there (Twitter NG). She'd sacrifice you on the altar of public ridicule and scorn if it's guaranteed to get her trending and engagements.

Things people do for clout sha

1 Like

Re: EPL Chatroom - All Discussions by grandstar(m): 6:30pm On Jan 05
GloriousGbola:


My old place had a terminal that was from the 70s. The company's crown jewel. We were looking for oyibo partners and these people came in for an assessment of the company's assets. They told our ogas at the top your terminal has a net book value of zero.

It was after that management went on a gradual process of demolition and reconstruction within the terminal. The difference is that this was a terminal for fuel storage, so no need for any 'refurb' - just dismantle the tank and build and new one in it's place.

If anyone is to look at the actual numbers involved on the refurb of the refineries vs cost of construction of a new one I am sure we will find the rehabilitation was a bad financial decision. I expect the refurb to work because Buhari did engage professionals - but will still amount to a waste of funds driven by nostalgia for a business model that failed from day one.

Global best practice respecting the refineries was to sell as "it is."

That was what OBJ did in the dying weeks of his government but YarAdua reversed it because it did not follow due process.

NLC says government has spent over $10bn since 2010 fixing these white elephants

Yes, the Port Harcourt may produce optimally but the money sunk into reviving it is a huge waste. It would also prevent its privatization as no private company would pay up to the refurbishment costs to buy it. The oil workers union would use this excuse to frustrate any sale.

6 Likes 2 Shares

Re: EPL Chatroom - All Discussions by GloriousGbola: 6:35pm On Jan 05
Shegzdave:

I saw it on a friend WhatsApp status this morning, so this woman just made over a million Naira soft just cause she cooks for her husband.. we’re not even sure she does but her reply to a post made her over a million Naira

so nigerians too are joining oyibos in ridiculous culture wars

thats all i can take from this

3 Likes

Re: EPL Chatroom - All Discussions by Ebukacute(m): 7:05pm On Jan 05
afrodoc2:


You wrote it at 8.20pm August 28, 2022. You were hacked, ba? cheesy
Yes ooo grin
Re: EPL Chatroom - All Discussions by Amoto94(m): 7:28pm On Jan 05
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Re: EPL Chatroom - All Discussions by Ebukacute(m): 7:31pm On Jan 05
BlueRayDick:


Ebuka na Otem priest na , he wan go spread the gospel of Otem at the ashawo house grin
Man needed to nut na😁
Re: EPL Chatroom - All Discussions by Realmrsean: 7:47pm On Jan 05
BlueRayDick:


lol. That their twitter sef, e be like say both the feminist and the people wey rally round her no get serious work wey dem dey do.

Alarm no reach their side, na why dem get all those kind time for such trivial matter. Wetin concern me if a lady is trying to save her marriage by preparing food for her husband? undecided
i dey dey reason how this old gaag go dey chaw pussy shocked

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