maishai:
I have always known that the rise of boko haram is connected with the drilling of oil wells in the chad basin and benue trough,,,,,.....I Believe the buhari administration is fustering their posterity as they might have hit a massive oil well......The cover up is that they are doing it for our country Nigeria.............
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.Next level jare

Hope this woun't affect oando? seems only shell ..am i right?

tritritri:
President Muhammadu Buhari has directed the NNPC to take over the Operatorship of the Oil wells from 30th April, 2019 and be confirmed 2nd, May 2019

wat going on ooh?

The direction is specific to OML 11 held by shell bp. It not every oil wells. There must be a reason for such a direction.

tritritri:
President Muhammadu Buhari has directed the NNPC to take over the Operatorship of the Oil wells from 30th April, 2019 and be confirmed 2nd, May 2019

wat going on ooh?

Oga, Not all Oil wells.

Just OML 11

Operation of OML 11 has been in contention. Ogoni people kicked out Shell from the oilfields and have refused them entry. Other indigenous operators are joustling for it.

OBAGADAFFI:


Oga, Not all Oil wells.

Just OML 11

Operation of OML 11 has been in contention. Ogoni people kicked out Shell from the oilfields and have refused them entry. Other indigenous operators are joustling for it.

Is it the one Transcorp is eyeing to take over?

locodemy:


Is it the one Transcorp is eyeing to take over?

Lol. That's one of them. Shell was about to sell OML 11 and 17 for $2billion and Transcorp were about to buy. But fg has given direction on OML 11. Hmm...

locodemy:


Is it the one Transcorp is eyeing to take over?

Yes.

OBAGADAFFI:


Oga, Not all Oil wells.

Just OML 11

Operation of OML 11 has been in contention. Ogoni people kicked out Shell from the oilfields and have refused them entry. Other indigenous operators are joustling for it.

This can be the first step in a series of process to get this field back to full production, I read somewhere of a local ogoni chieftain trying to acquire the field so that Ogonis can own it...... I will have to dig deeper to know if transcorp has paid the sum Shell was asking for.........Also the federal government does not really want to operate the field, they own 55% of the joint venture so this move is kind of a way to establish smooth operations of the field.........

Info will always be the key, brothers and sisters lets keep this alive

maishai:


This can be the first step in a series of process to get this field back to full production, I read somewhere of a local ogoni chieftain trying to acquire the field so that Ogonis can own it...... I will have to dig deeper to know if transcorp has paid the sum Shell was asking for.........Also the federal government does not really want to operate the field, they own 55% of the joint venture so this move is kind of a way to establish smooth operations of the field.........

Info will always be the key, brothers and sisters lets keep this alive

I was in ogoni recently on fact finding mission and from my enquiry, the ogoni people does not want shell back again instead they want multinational like Mobil, addax and Chevron. No ordinary ogoni would be allowed by their people to acquire the field because of their nature to each other. They preferred the multinational I mentioned. If government can operate it through JV it will go a long way in improving the lives of this people. They are backward in many things especially good schools and other social amenities. There a lots of legal issues surrounding ogoni oil field for now and any company going in without knowing the nitty gritty of what is on ground am afraid such is in for serious trouble. Magnus abbey is an ogoni man and what he displayed during APC issues in rivers is typically nature of an ogoni man. Pls oo I don't belongs to any party just used that as ref. So caveat emptor for any coy going to ogoni before they acquire legal issues instead of acquiring oil field. An average ogoni man likes to settle his matters via court of law

locodemy:


Is it the one Transcorp is eyeing to take over?

I am sure questions will be asked on Friday during Transcorp AGM. Please, is anyone attending?

https://www.nairaland.com/5077875/court-orders-ecobank-forfeit-n22.5bn


Any implication?

gamaliel9:
https://www.nairaland.com/5077875/court-orders-ecobank-forfeit-n22.5bn


Any implication?

Though they will still appeal the verdict but if in the long run no success, it will definitely affect their earnings. It may not be that of 2018 FY it may be this current yr

DAILY STOCK MARKET GUIDE FOR 14 MARCH 2019

MSCI seems not interested yet in the market as at 13 March 2019.

We just still need to restrain ourselves; the market is still risky, opportunities are still limited.

With Brent hitting $68.08 this morning, Nigeria equities may attract more attention. Close at or above the Primary Pivot of 31,259.41 today, for the all share index is an indication that market is becoming stable.

FBNH is still a good buy at the current price (with MACD cross and closing above the EMA) will not be a bad play.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis (https://twitter.com/AnalysisTarget) and is not to be distributed without our authorization.

gamaliel9:
https://www.nairaland.com/5077875/court-orders-ecobank-forfeit-n22.5bn


Any implication?

It will affect Ecobank, because the money must be in the custody of the court while they appeal.

Afriprud and Ucap marked down today.

OBAGADAFFI:


It will affect Ecobank, because the money must be in the custody of the court while they appeal.

Not necessarily. If they appeal, they would invariably apply for stay of execution of that judgment, including the order to pay into court's custody...

sky2891:

I am sure questions will be asked on Friday during Transcorp AGM. Please, is anyone attending?

One of the things that moved me to buy Transcorp then was this news of acquiring oil well.I believe some people saw this too as a welcome development.

one need to review the business model of Transcorp and what the future holds for them to know whether to remain or quit.

For me,I am not yet ready to dive back now till the coast is clear.

locodemy:
Is it the one Transcorp is eyeing to take over?

I dont think so. Transcorp is planning to buy the natural gas power plant and not the oil block. I may be wrong anyway.

https://www.thisdaylive.com/index.php/2018/09/05/shell-to-sell-2bn-oil-blocks/

Mpeace:
Not necessarily. If they appeal, they would invariably apply for stay of execution of that judgment, including the order to pay into court's custody...

let's hope so.

I really missed the good old ETI with nice dividend and bonus.

locodemy:


One of the things that moved me to buy Transcorp then was this news of acquiring oil well.I believe some people saw this too as a welcome development.

one need to review the business model of Transcorp and what the future holds for them to know whether to remain or quit.

For me,I am not yet ready to dive back now till the coast is clear.

Transcorp at sub 1.20 seems like a gift for now. I hope dividend hunters exiting will take the price to sub 1.20

OBAGADAFFI:
Yes.

Prove that its OML 11.

locodemy:


One of the things that moved me to buy Transcorp then was this news of acquiring oil well.I believe some people saw this too as a welcome development.

one need to review the business model of Transcorp and what the future holds for them to know whether to remain or quit.

For me,I am not yet ready to dive back now till the coast is clear.

I have stop trusting Transcorp since the Hotel business was separated.

FCMB.. I pray it hits 1.80 soon. I hope MSCI shows the way too..

My Good people,

Any info on UBA?

My Ogas in the House, any news about VITAFORM dividend and Bonus?

Mcy56:

I dont think so. Transcorp is planning to buy the natural gas power plant and not the oil block. I may be wrong anyway.

https://www.thisdaylive.com/index.php/2018/09/05/shell-to-sell-2bn-oil-blocks/

All will be clear after the AGM tomorrow.

sky2891:

All will be clear after the AGM tomorrow.

If only I was based in Lagos......................I will really like to hear from the horses mouth

Ekuu market o

[quote author=maishai post=76645110]


If only I was based in Lagos......................I will really like to hear from the horses mouth[/quote

It should be in YOUTUBE by same day or next day.

[quote author=maishai post=76645110]


If only I was based in Lagos......................I will really like to hear from the horses mouth[/quote

It should be on YOUTUBE by same day or next day.

OBAGADAFFI:
My Ogas in the House, any news about VITAFORM dividend and Bonus?

The div was paid on the 8th of march!though the just announced bonus of 1-5 did not qualify for the dividend paid.it will in subsequent payments.

Zenith has finally built a strong support at 22.Some were lucky to capture same stock at 21.20 yesterday.I am still waiting to enter at 16.........