Habi make I japaa from NSE Ni?
My gains just dey erode from my very eyes

KarlTom:
There are clear facts. There are dark areas too.
Nothing is certain.

European countries ban the sale of new vehicles. That means they'll have a grace of at least 5years after the deadline before imposition of hefty taxes on vehicles sold in 2035-2040. So we're looking at 2040-2045

Now where do we think those vehicles that are banned will end? (you got it: AFRICA)

I foresee the world powers trying to sanction African leaders to conform to clean energy/reduction in greenhouse emissions etc

We can keep postulating and estimating but I [sadly] don't think whatever will happen is really in our [African] control...

Over and out ✌🏽

Well, since 1 out of every 4 cars produced are EVs and that will grow to 2 out of 4 or 1 out of 2 or 50% of the cars produced will be EVs by 2030, what does it mean?
It means those currently using EV cars will be selling and sending it to Africa as tokunbo in the next 4/5 years for us to buy thereby flooding our market with it.
One of the Tesla's EV brand is about 20/22m, tokunbo will be half of it which is around 10m, something affordable to middle class nigerians.
These middle class nigerians will use it for 5 more years and we will start buying nigeria used in the next 10 years at around 5m today's value. We all know the large number of nigerians that can afford 5m cars now.
About charging - a fully charged Tesla will move from Lagos to Benin before recharging for 30 minutes which means even with one bar charged battery of 5 minutes, I can drive from Lagos to ibafo or sagamu.
I don't need to wait in the charging station for 30 mins to full it and if there is nepa light, I can fully charge it in 24 hours using 440v to 220v charger converter. If I only get a 3-5 hours light per day, it would have given me enough charge bar to drive to work at island from Oshodi and come back.
Some will even pay #3,000 for one bar charging for 5 minutes enough to drive from egbeda to island and come back even if it requires rolling down windows and not use AC to conserve energy.

chimex38:
EV cars without charging outlets..

Even the current CNG needs infrastructure to buy the populace interest..

I wonder how the gas is filled.
I learnt lifting 1 of such cylinders na night mare
Takes the entire car occupant

What's that story of Malaysia banning CNG and returning to Petrol due to hazard or so..(even though both Na fossil)

Germany of all countries who are the super powers of renewable energy in Europe could not practicalize what they sanctioned-Ban on Russian oil.
Na them still import the oil pass to power their industries despite their solar advocacy and consumption.

Most solar related products are like the Android-Go OS Version of main android OS
Or rather the Browser Lite version of main browsers

They can't realy compare to heavy load requirements of their counterparts without efficiency being affected.

How about the Solar functionality during winter season of 3-5months in these western and European countries?
Moon dey sha

Powering precision industrial equipments 24/7, not to mention 3-phase motors without redundancy and high initial starting capacity?


Fossil till take over, well into the next generation ..

Lol.
There will always be demand for oil but it will keep dropping.
If the world used 1 million barrels of oil last year as example, with 1 out of 4 cars been EV, it means demand will like drop to 800 thousand barrels and the more EV eats into oil driven cars, the lower the demands.
The medium to long term fundamentals of oil doesn't look encouraging.
Any oil stock I am holding that the revenue keeps dropping by 5% quarter on quarter for 3 straight quarter, I will sell the stock.
I won't wait until I go down with it.
Though, there is hope for oil sha.
It has to drastically reducing running cost of drilling oil - cost of sales and operating expenses.
The era of extravagant spending, reckless spending and wasteful spending is gradually going.
It cost 15-20k dollars per day to hire an offshore supply vessel, this can be reduced to $5k per day.
Rigs are between $150-200 per day.
Drill ships are around $500k per day
Accomodation barges around $200k per day.
All this have to reduce by 50-75%
Crew salaries will have to go down too. My colleagues earning $250-500 per day in Saudi and Co will have to get used to $50 per day.
In my previous company, barge masters take $1,200-1,500 per day, they will have to get used to $150 per day.
My current company feeding cost for crew is $30 per day per crew. That is around 45-50k per day to feed one person which 1.5m to feed one person times around 16 crew.
To me, that is wastefulness. Abeg how much I take they feed my whole family per month?
I understand this is west standard and not Africa mentality of feeding nor Asians but then, there is too much wastefulness.
And so many other that can bring down the cost of oil to like $20/barrel and #100 per liters fuel at pump station

chimex38:
EV cars without charging outlets..

Even the current CNG needs infrastructure to buy the populace interest..

I wonder how the gas is filled.
I learnt lifting 1 of such cylinders na night mare
Takes the entire car occupant

What's that story of Malaysia banning CNG and returning to Petrol due to hazard or so..(even though both Na fossil)

Germany of all countries who are the super powers of renewable energy in Europe could not practicalize what they sanctioned-Ban on Russian oil.
Na them still import the oil pass to power their industries despite their solar advocacy and consumption.

Most solar related products are like the Android-Go OS Version of main android OS
Or rather the Browser Lite version of main browsers

They can't realy compare to heavy load requirements of their counterparts without efficiency being affected.

How about the Solar functionality during winter season of 3-5months in these western and European countries?
Moon dey sha

Powering precision industrial equipments 24/7, not to mention 3-phase motors without redundancy and high initial starting capacity?


Fossil till take over, well into the next generation ..

What they banned was NGV and not CNG.

ositadima1:


Now, I bet you’ve never heard much about geothermal energy. Cold climates like parts of Canada, Alaska, Sweden, and Norway use it. In fact, the lower the temperature, the better. Read up on it.

Regarding the issue of energy storage at night, many technologies are being updated. We have wind energy, which performs well at night when tidal currents are strongest. Some places even use massive sand silos as thermal batteries—during the day, they heat the sand to extremely high temperatures, and at night, they pass water through it to generate steam and recover energy.

There are also man-made water reservoirs. During the day, water is pumped up to these reservoirs, and at night, it is released to turn turbines. Another method involves lifting heavy concrete blocks—these weights are raised during the day and dropped at night, effectively converting potential energy into electricity.

So much is happening. Do you think Oyibo is happy giving away money, especially to Arab countries? They are working day and night on solutions. One day, a major breakthrough will come. Do you know how long they worked on GSM technology? Do you think it just happened overnight? Eventually, they made it market-viable.

Anyway, I’m done derailing.

Nice points.
I read an article about isreal/mossad being the brain behind moving away from oil in a bid to weaken the Arab nations. It was never about Africa at all but a need to drastically reduce the huge excessive amount Arab nations have as disposable income to finance a lot of terror groups and resistance groups like Hamas, Hezbollah that are a big pain in the ass to isreal. Iran, Qatar, Saudi etc have enough money they use in sponsoring these cells to wipe off isreal.
So after years of fighting back, they realized they best and effective way is to neutralize the source of income of these countries which is Oil.
Remove oil and most of these countries will be so busy trying to manage their own economies rather than thinking of financing external bodies but man proposes, God disposes.
When they were making this plan, they didn't see China coming. The Chinese factor was not taken into equation. They thought they have a perfect-proof plan.
Now, china has hijacked the EV industry from them, even the oil industry they want to fall back on, china is massively buying off many oil companies so they are literally fvvvcked.

UNITY!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/43170_UNITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

KarlTom:
UNITY!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/43170_UNITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

Interesting.
A 62b naira loss after tax when all other banks are declaring profits.
It's well

Ding!

Ding

Infact I tire...

emmaodet:


Interesting.
A 62b naira loss after tax when all other banks are declaring profits.
It's well

KarlTom:
UNITY!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/43170_UNITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

@mega
E don land

KarlTom:
Ding!

You be bot ?

It's all red so far...
Track it live on http://StockBubbles.com.ng

ositadima1:


That’s how the NITEL guys felt at the time—invincible—until landlines became obsolete. I remember how important they were during my childhood and how rude they could be if you had issues with your landline. Getting them to trace a fault was a big challenge. Today, most of them are out of work or have switched careers. Nobody uses landlines anymore. It took less than five years for landlines to go from being the primary communication provider to becoming irrelevant once GSM mobile networks were perfected.

Do you think those countries use petrol to run their industries? Even coal has been phased out in India; most of their power now comes from renewables like hydro. Petrol is mainly for cars and motorcycles. If Nigeria refuses to start diversifying, they will learn a hard lesson soon—along with the rest of us. Once petrol is no longer viable, the government will resort to heavy taxation to sustain its wasteful spending, and then everyone will feel the impact. If you think things are hard now, you haven’t seen anything yet.

Eh go do una vam for eye, when he go begin, all these Arabs have already diversified there wealth, make una dey dey hope on oil. Dangote is already a rich guy and over 60 years, he no concern am, even if refinery park today him go still dey very alright. Just dey pray make oyibo no get breakthrough soon, or else ur body go tell you.

Telecommunications technology is far apart from what you have in power generation. For how many yrs we are still on 5k generation. The transmission lines are almost dead.The power thing is far more expensive than telecom. The power gadgets sometimes takes yrs to even build/assemble even when you have the money

The only thing that will face out fuel is if they bring things that use water,lol.

The big companies in China and India still run on coal and diseal. That is why trump is insisting that environmental problems caused by it should be financed more by china.
The alhaji refinery is not just his personal money. Some bodies financed it and know that fuel businesses will not go into extinction anytime soon as part of thr risk assessment.
Crude go soon die and trump is interested in bringing back all those companies into it back alive in USA.Thr cost of production is even higher than many other countries. So why hasn't usa just dismantle them completely and sold them off to our aboki...lol

[color=#000099][/color] please what company is good to buy today?

I don't bid at the top again for ellahlakes, let see what the market makers are up to.

We await their return

KarlTom:
UNITY!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/43170_UNITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

It’s about to go down!

Ddll:
Expect breaking news from Unity Bank and Providus Bank soon

crownprince2017:
I don't bid at the top again for ellahlakes, let see what the market makers are up to.

likely reverse at 3.08 ranges

emmaodet:


Well, since 1 out of every 4 cars produced are EVs and that will grow to 2 out of 4 or 1 out of 2 or 50% of the cars produced will be EVs by 2030, what does it mean?
It means those currently using EV cars will be selling and sending it to Africa as tokunbo in the next 4/5 years for us to buy thereby flooding our market with it.
One of the Tesla's EV brand is about 20/22m, tokunbo will be half of it which is around 10m, something affordable to middle class nigerians.
These middle class nigerians will use it for 5 more years and we will start buying nigeria used in the next 10 years at around 5m today's value. We all know the large number of nigerians that can afford 5m cars now.
About charging - a fully charged Tesla will move from Lagos to Benin before recharging for 30 minutes which means even with one bar charged battery of 5 minutes, I can drive from Lagos to ibafo or sagamu.
I don't need to wait in the charging station for 30 mins to full it and if there is nepa light, I can fully charge it in 24 hours using 440v to 220v charger converter. If I only get a 3-5 hours light per day, it would have given me enough charge bar to drive to work at island from Oshodi and come back.
Some will even pay #3,000 for one bar charging for 5 minutes enough to drive from egbeda to island and come back even if it requires rolling down windows and not use AC to conserve energy.

With these your numbers. I believe you should already be using electric car.And if the answer is no.why are you not using one already because you can afford it.I can afford it but see those cars as toy because I am benz or BMw guy.I love to drive machine...lol

KarlTom:
UNITY!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/43170_UNITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

This is 2023 financial report and not 2024. Ii expect them to declare profit in 2024. The 62b loss was main from 50b forex exchange loss.

emmaodet:


Interesting.
A 62b naira loss after tax when all other banks are declaring profits.
It's well

I thought someone said what the north can not do on unity bank does not exist.
I am waiting to see the magic they can perform on unity bank

If they could not declare profit in 2023 (when other banks had massive FX gains, I don't know what sort of magic they will perform in 2024.

We await 2024 AFS

emmaodet:


This is 2023 financial report and not 2024. Ii expect them to declare profit in 2024. The 62b loss was main from 50b forex exchange loss.

I have read so many beautiful comments regarding the energy topic, more than I can quote. Honestly they are all correct.

But the global energy politics is more important than that. That is what is propelling Trump's "crazy" decisions in that regard. Crude oil is going no where anytime soon. That is the truth.
Fine, China is the top player in solar panel, etc, but they are using more coal than probably the rest of the world combined. They are still actively building new plants.

Don't be deceived by Europe, they are just clever in their own way. They only managed to export their solution. Most of what they produced now have been partly processed elsewhere. E.g. the bulk of their steel comes from China where coal is used for the processing.

Trust me, they will soon realise that is not favourable for their economy. The same way they are realising their shortfall in military capability.

Few years ago, my supervisor (a German) told me that at a point they had to pay neighbouring countries to help use their energy from renewable (particularly wind). This is because they reached the peak, and it is more expensive for them to shut them down and restart them when needed. And no storage for it.
What we also don't know is that renewable use more fossil fuel and associated products than we think. Check how many litres of oil and grease is needed for just one wind turbine.

Most of these things are highly political. Again, in Germany, ordinary citizens thinks renewable is just slightly more expensive. But the truth is more government subsidise more than half of the cost. Yet, is still slightly more expensive.
For already fully industrialised countries, relying solely on renewable might work. But for countries undergoing rapid industrialization (like China, India, etc), it will be difficult. Check the energy requirements of China alone and tell us the quantities of renewable they need. Again, only nuclear (which is also cleaner than fossil fuel) is realistic alternative in short term.

We visited a refinery one day and they told us that they will shut down in few years time (I think 2030). Because they can not run on renewable. We were told that is will require minimum of 30,000 acres of land for solar farm in order to power the refinery. 30,000 acres to power just one refinery. What will happen to the vegetation?
That is why is like my supervisor then, he is highly object and scientific. Without data, we no go gree. 😃 😀.

Global warming is real, climate is changing. We contribute to that, I strongly agree. But this is still not the warmest period in earth's history. There was no even human being on earth during the warmest period. And climate is meant to change, otherwise, no evolution, etc and everything remains nearly stagnant.

Even Elon Musk can not put astronaut on electric vehicle yet 😀. Why do Elon Musk (EV provider) alight and agree with Trump (drill babe drill)? They both know the politics.

When will they start making aircraft that use batteries instead of aviation fuel.
Na that dey many people go stop to dey fly..
Lol

Streetinvestor2:
When will they start making aircraft that use batteries instead of aviation fuel.
Na that dey many people go stop to dey fly..
Lol

Payunsin:
Habi make I japaa from NSE Ni?
My gains just dey erode from my very eyes

You no follow the principle of booking profit?

Why is everywhere red 😫

Oando might eventually touch ₦45 at this rate it is falling.

designking:
Oando might eventually touch ₦45 at this rate it is falling.

You are very correct.
I will advise you sell now to avoid loss

olig:
Why is everywhere red 😫

People taking profit is not a bad thing. Some has to sell to prepare for fasting as well.

Streetinvestor2:
You are very correct.
I will advise you sell now to avoid loss