raumdeuter:


Do you still think there is still enough wiggle room for any politician to manoever. Cos at the tail end of Buhari admin, we were hearing that 97% of income was spent on debt servicing. At some point you borrow, patch until its no longer possible and have to face the music

Have we reached that point in Nigeria or you think theres some more room for patch patch?

There is some room to maneuver.
Tinubu's administration has stashed away at least N5T in the past year from FX and subsidy savings.

For instance, in May 2024, revenue for the preceding month was N2.19T. FAAC shared N1.2T.
In June 2024, revenue was N2.32T. FAAC shared N1.14T.

They claim they want to use it to set up an infrastructure fund.

We are in a tight, uncomfortable situation. An Argentina or Lebanon grade crisis is still a while out.

-Lord

liveLongNprospa:


Lmao.. Look at this people's earnings when buhari devalued.
Look at the speed of business they've conducted since balabu came to power.


This is tinubu mode my brother😁.

Buhari devalued when their main product collapsed in price

Of course part of their shareprice rise is in anticipation of getting favourable deals but their main product is also selling for more Naira. This is a shareprice of a stock denominated in Naira but selling their product in dollars. If their shareprice tracks fundamentals perfectly, I would expect their marketcap to mirror the change in dollar-Naira rate

raumdeuter:


Tinubu didn't drop shege, shege has been brewing for decades and we have been kicking it down the road and looks like we are put of road to kick

Lol

You were asking for the solution for this "current shege" , no be tinibu be the current Presido wey bring the current shege.

EmmanuelScott1:


Lol

You were asking for the solution for this "current shege" , no be tinibu be the current Presido wey bring the current shege.

He didn't bring the current shege. The current one was a result of years of neglect. Like if you leave a road unmaintained for years, and it breaks today, is it the driver that drove on it today who made it to break

Okay now.

Roland17:


Baba, your friend just described my life right now. I am not on SM or WhatsApp, so access to me is very much controlled but even at that, make I no even go there.....

My brother, the kain call wen I receive on Sunday from a known friend in Nigeria nearly brought me to tears. I sabi this guy wella, the guy no lazy, guy na real hustler, baba dey chook head into everything legit, works in the formal sector but according to him, the last year is driving my guy to the edges of life or death. He wasn't asking for money, he was just venting his reality, baba, I just weak!

I am always careful with my utterances when it comes to the reality of others, especially people who are not around my surrounding because most men I know in Nigeria are not lazy. Infact, close associates will tell you, I don't tolerate laziness in men. I can tolerate laziness in women but you see grown man? If I sense laziness in a man, I dey block, delete and cutout. However, things are set up against them and changes to economic factors that determine income change every day with little time to adjust/ adapt.

People working with NLNG are parking their cars and only using it when it's absolutely necessary. What's the fate of people earning less than a third of their salaries with similar responsibilities?


Someone was asking if Fx savings from dangote will ease exchange rate pressure and I said in theory it should but it looks like this country is cursed. Nothing ever gets better.

Meanwhile, I checked one filling station on my way home, they have changed price to 1200. .

May God help us at this point.

WhoDeyHause:

E get one of my guy where I dey go him estate , there was one time their security helped us with lifting stuffs in the house in the dead of the night close to midnight, na so I whyne say I go find am something one of these days just as a means of appreciation, he thanked us no yawa, na so less than a week later I lap my friend place, as I greet the security na so he start to dey tell me say I dey post am, say I don use am play, Omo me just lockup dey shine teeth dey promise say I go reason am true true, make e calm but inside I was seething, werey no even greet me unlike before na that money dey him mind, person I wan press like 10k give before, after reasoning with him, I left there but promised myself that in this apc period I no go promise everybody except some kind few anything again as e dey hot.

The guy has spent the money already. Even though you haven't given him

CrystalTiger:
This fuel price increament just made me remember the idiot that was giving Nigerian business owners one month ultimatum to lower the prices of goods and services in the country...

Smh 😕😕..

Me too😭😭

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BlueRayDick:


APC people will tell u: "Things have always been bad, It's just because u didn't have responsibilities before APC came to power. That's why u don't know things have always been this bad"

People who are not in Nigeria na...

Even nysc is discriminating against polytechnic students because of jamb verification
New stupid invention go just they shele for this country

raumdeuter:


Maybe people who grew up privileged didnt see it that bad. What brought Abacha stove was not willful science experiments, Or polished rice being only for special occasions or all sorts of food experiments with things you thought were for goats and farm animals

After Kerosene, what was the next major source of cooking fuel before and during Abacha? I know gas didn't become mainstream until the 2000s, so for most families I want to imagine it was either kerosene or wood (in its various forms).

We've had 4 democratic governments pre APC, that your point of reference today is one of the most brutal dictatorships the country has witnessed is telling.

Theflint1:
After Kerosene, what was the next major source of cooking fuel before and during Abacha? I know gas didn't become mainstream until the 2000s, so for most families I want to imagine it was either kerosene or wood (in its various forms).

We've had 4 democratic governments pre APC, that your point of reference today is one of the most brutal dictatorships the country has witnessed is telling.

So you are saying its false that it has never been this bad? We are making the same point

The 4 democratic govt chose to avoid the problem and push it to the next regime. Tinubu has decided to face the problem and not push it to anyone

iamoyindamola:
Even nysc is discriminating against polytechnic students because of jamb verification
New stupid invention go just they shele for this country

If these people don't want poly students they should kuku scrap polytechnics and be done with it, instead of one stupid form of discrimination every other day.

This is further proof of a nation in decline. People in working countries are able to chart their lives with high school diplomas and 6 month certifications gotten from the comfort of their bedrooms, yet people that went through 4 year degree programs have to deal with this.

Theflint1:
If these people don't want poly students they should kuku scrap polytechnics and be done with it, instead of one stupid form of discrimination every other day.

This is further proof of a nation in decline. People in working countries are able to chart their lives with high school diplomas and 6 month certifications gotten from the comfort of their bedrooms, yet people that went through 4 year degree programs have to deal with this.

It's really annoying
They are treating them like outcast

raumdeuter:


So you are saying its false that it has never been this bad? We are making the same point

The 4 democratic govt chose to avoid the problem and push it to the next regime. Tinubu has decided to face the problem and not push it to anyone

No, first part was me questioning the whole abacha stove thing, sure there must have been other indicators of bad governance from that dictatorship, but that particular reference might be us just viewing the past through our modern lenses. Options no dey now like e dey then...PDP came and gave us options, APC has messed things up so badly that even their staunchest supporters are drawing parallels with the nations must brutal dictatorial government.

PDP had a plan for subsidy removal and privatization of critical assets, APC came with their economic sabotage protests (ref: Kayode Fayemi) and the rest is history. Subsidy was supposed to have been removed since (ref: GloriousGbola), but APC fought against it, only to remove it in the toughest of times.

Ibime:


Part of this is Naira effect. They sell goods in dollars so their Naira earnings would have tripled naturally and the market will reflect that

That's an almost 10 year trend, no be today USD don begin rise, if na wetin USD cause, even partly, we go see from the trend.

Theflint1:
No, first part was me questioning the whole abacha stove thing, sure there must have been other indicators of bad governance from that dictatorship, but that particular reference might be us just viewing the past through our modern lenses. Options no dey now like e dey then...PDP came and gave us options, APC has messed things up so badly that even their staunchest supporters are drawing parallels with the nations must brutal dictatorial government.

PDP had a plan for subsidy removal and privatization of critical assets, APC came with their economic sabotage protests (ref: Kayode Fayemi) and the rest is history. Subsidy was supposed to have been removed since (ref: GloriousGbola), but APC fought against it, only to remove it in the toughest of times.

The stove was named that during the regime of Abacha it was a new level of widespread suffering that people didn't witness before

If Jonathan excuse for not removing subsidy was that people protested then he wasn't not ready for it

PDP can also protest this Tinubu removal if they don't agree with it, that's the purpose of opposition and not to be whining about what APC did as opposition.

If you don't agree then protest too, no one is stopping them

Theflint1:
That's an almost 10 year trend, no be today USD don begin rise, if na wetin USD cause, even partly, we go see from the trend.

There are 3 elements

1. Tinubu economic liberalisation caused many stocks to go up almost double in Naira terms

2. Naira unpegging means their fundamentals are better as they earn in dollar so their valuation in Naira will go up naturally

3. Market speculation that they will get good Govt patronage now Tinubu is in power

They have 4x since Tinubu came to power. At least 70% is for the first 2 reasons

10 year trend is not that significant as oil price was in a slump from 2014 to 2021 so will reflect in their shareprice performance

WhoDeyHause:

E get one of my guy where I dey go him estate , there was one time their security helped us with lifting stuffs in the house in the dead of the night close to midnight, na so I whyne say I go find am something one of these days just as a means of appreciation, he thanked us no yawa, na so less than a week later I lap my friend place, as I greet the security na so he start to dey tell me say I dey post am, say I don use am play, Omo me just lockup dey shine teeth dey promise say I go reason am true true, make e calm but inside I was seething, werey no even greet me unlike before na that money dey him mind, person I wan press like 10k give before, after reasoning with him, I left there but promised myself that in this apc period I no go promise everybody except some kind few anything again as e dey hot.

It might be a good thing to find the guy something small as you promised.

The last person you want to antagonise now is a security man, make the guy no go reason your friend matter or even your own matter.

Catch all live sport on the go at www.live90kicks.com.ng

Anyone know where I can get the actual financials of NNPC. Tried checking for it online but cant seem to find it. Just news report on it.

Some of the answers are likely there.

Also, I dont see the conspiracy with the Oando thing. All one has to do was to look at their FS. They've just turned the corner after back to back to back losses, of course, the market's gonna react to that.

Ibime:


There are 3 elements

1. Tinubu economic liberalisation caused many stocks to go up almost double in Naira terms

2. Naira unpegging means their fundamentals are better as they earn in dollar so their valuation in Naira will go up naturally

3. Market speculation that they will get good Govt patronage now Tinubu is in power

They have 4x since Tinubu came to power. At least 70% is for the first 2 reasons

10 year trend is not that significant as oil price was in a slump from 2014 to 2021 so will reflect in their shareprice performance

Not sure the bolded is correct. Most O&G companies have all pricing - Costs and Revenue in USD, so they tend to move in sync. Even their valuations are usually in USD

In terms of their disclosure, a huge chunk of their revenue/profit came from trading of crude and petroleum products

User09:


Not sure the bolded is correct. Most O&G companies have all pricing - Costs and Revenue in USD, so they tend to move in sync.

In terms of their disclosure, a huge chunk of their revenue/profit came from trading of crude and petroleum products

Yes but their valuation is in Naira, so even if their Earnings stand still, if their shareprice reflects their fundamentals perfectly, it should go up by Dollar-Naira delta. Also all their costs can't be in dollars. I am sure they are paying most of their staff in Naira.

raumdeuter:


The stove was named that during the regime of Abacha it was a new level of widespread suffering that people didn't witness before

If Jonathan excuse for not removing subsidy was that people protested then he wasn't not ready for it

PDP can also protest this [b]Tinubu removal [/b]if they don't agree with it, that's the purpose of opposition and not to be whining about what APC did as opposition.

If you don't agree then protest too, no one is stopping them

What are you even saying?...


Is subsidy removed or are you among the people that subscribed to the shortfall payment ....


Cod u said he failed like his predecessors ...abi u be twins

Ibime:


Yes but their valuation is in Naira, so even if their Earnings stand still, if their shareprice reflects their fundamentals perfectly, it should go up by Dollar-Naira delta. Also all their costs can't be in dollars. I am sure they are paying most of their staff in Naira.

Maybe but only a rookie would look at or act based on a Naira valuation for an O&G company/Oil linked asset.

The true story here may rely on further disclosure on the trading bit but I looked out for their related party disclosure and didnt see much. so maybe just maybe a favorable one/year for them

User09:


Maybe but only a rookie would look at or act based on a Naira valuation for an O&G company/Oil linked asset.

The true story here may rely on further disclosure on the trading bit but I looked out for their related party disclosure and didnt see much. so maybe just maybe a favorable one/year for them

The original marketcap growth livelongnprospa brought was in Naira to claim it's Tinubu effect. I just dey clear am by saying it's only partly so and some of it is dollar effect.

Segedinho:


What are you even saying?...


Is subsidy removed or are you among the people that subscribed to the shortfall payment ....


Cod u said he failed like his predecessors ...abi u be twins

There are 2 subsidies Oil and Dollar. Nigeria still dey pay Oil subsidy because he backed down like his predecesors

Ibime:


The original marketcap growth livelongnprospa brought was in Naira to claim it's Tinubu effect. I just dey clear am by saying it's only partly so and some of it is dollar effect.

To be fair, anyone's in line to doubt the Nigerian stock exchange as it barely follows fundamentals.

I just thought looking at Oando's, there wasnt much there that looked out of place

afrodoc2:


It might be a good thing to find the guy something small as you promised.

The last person you want to antagonise now is a security man, make the guy no go reason your friend matter or even your own matter.

For sure boss I will when next I'm there, just wanted to use it to emphasize the point of people at high alert when there's a chance to sniff cash cause of the increasing hardship daily, people that loves running after people's wives and hired assassins will be happy this kind period cause they might be lots of sell outs just to get bread.

afrodoc2:


It might be a good thing to find the guy something small as you promised.

The last person you want to antagonise now is a security man, make the guy no go reason your friend matter or even your own matter.

Sort of funny, but true, sometimes it's these little things.