suckprick:
All these men going after ladies that is 10yrs+ younger, how una dey do am? Shame no dey catch una? Personally I can't marry someone that's more than 5yrs younger than me. It would look as if I am with my niece. Someone that should be calling you uncle is calling you honey? Da fvck.
It depends on how the man looks and how takes care of himself.
Buhari is more than 25 years older than Aisha!
A lady of 40 years can marry a man of 60 years and there is no big deal if they are both matured and catch each other's fancy
Beremx:
it was worst under Tinubu when he was governor. Fashola came and sanitized everywhere. Ambode's impact on sanitation wasn't felt because he took Fashola's glory. Sanwolu's istration is lagging behind on sanitation after starting well.
One of the major causes of dirtiness in Lagos is open defecation. If you think I'm lying, take a trip to PPL bus stop along Lagos-Badagry expressway way just before Okokomaiko. The obnoxious open defecation going on in that area calls for emergency. The defecation is right on the open area between the two roads.
The day I crossed the express road, I nearly died of suffocation.
Which Fashola's glory? A Fashola that was drilling one borehole for N60m and used over N65m to launch his personal website? The most corrupt, overhyped governor in Lagos.
Nigerian singer David Adeleke, better known as Davido, has warmed the hearts of his fans after a video shared by his friend, Cubana Chiefpriest, surfaced online.
In a heartwarming moment that has now gone viral, Nigerian music superstar Davido was seen expressing deep gratitude to legendary highlife musician, Bright Chimezie, during a video call.
With a big smile and genuine excitement, Davido thanked the veteran artist for his timeless contributions to music and culture. . “
The moment was more than just a call—it was a beautiful symbol of respect across generations in the Nigerian music industry. Fans everywhere praised Davido for staying grounded and giving flowers to those who paved the way.
Davido’s humility once again proves why he’s not just a global star but also a man who values history and legacy.
The truth is these so called ''Afrobeats'' musicians are mostly copying and making of Highlife tunes, melodies and rhythms but people ignorantly call it ''Afrobeats''.
Their number one source is Ghana Highlife, Hiplife, Azonto mixed with Jamaican Dance-Hall beats and tunes
Karlovych: Igbo amaka, even Azikwe influenced Awo a lot but the latter only ended up betraying him and destroying the nation.
And do you know how many Yoruba people helped, motivated or influenced Azikwe when he was living and working in Ibadan at the time?
Do you know about Herbert Macaulay?
CodeTemplarr:
Demand and supply forces are not the doings of CBN. Did Soludo or Sanusi bring dollars from anambra/kano to supply of dollar?
This is cheap politics.
I give it to Sanusi Lamido.
He was CBN governor at a time when the Nigeria economy was experiencing some difficult challenges but he was able to enforce discipline in managing the economy with fairly stable exchange rates.
Going by the level of discipline, monitoring and enforcement of regulations, punishing wrong doers in the banking industry and speaking against corruption, I give it to him. He almost single handedly fought and sacked corrupt MDs of banks like Intercontinental, Oceanic, PHB, the national assembly for consuming 25% of national overheads, and the NNPC fir under-remitting funds to the consolidated fund
This useless govt has again increased the fee for drivers license to N15,000 (3 years) and N21,000 (5 years) respectively, effective June 2025.
Just extorting money from the citizens with no tangible benefits/results to show
Is Oando's FY result out yet? Anything positive?
I am having a feeling that Oando might have excluded some revenue from NAOC/AGIP assets for Q3 2024 from the draft/interim results that was released for 2024, due to time constraints and need to comply with SEC report filing deadlines.
Guys are watching closely, but acting as if they are not seeing anything!
GeeKudi:
If you say so, but you see, they are usually the loudest in the society especially on social media these days. They mostly lack depth about a subject matter and yet, they are everywhere with opinions. When you see people come here to say Nigerians are unintelligent, it is sometimes difficult to argue with them because the people they hear most, I mean those who have appropriated the social space to themselves to speak on behalf of the populace are largely the worst of us. They lack tact, they are crass and classless and yet they are the loudest.
otipoju:
That Davido boy did more for the promotion of Afrobeats in the western world than anybody.
Davido was buying the latest iPhone for air. club DJ's and Radio DJ's nationwide to play his songs in clubs and on air. As more people heard, the music spread.
He really put in the underground leg work.
Wizkid was already an international superstar when Akon had a deal with him.
The internet, online music streaming platforms and available funds for a lot of young guys to buy recording equipment to make music instead of relying on Kennis Music abd a very few others are what made the music popular.
Akon jumped on a moving train, he did not start the train. The likes of Junior and pretty, Remedies,Alex O Alex Zitto wete the early pioneers of this Afrobeats.
Juju, Highlife,Fuji, Apala and Felas original Afrobeats were the mainstream.music genres available
Juju music. Fela's Afrobeat and the so called ''Afrobeats'' all came from Ghana's Highlife, Hiplife and Azonto.
Fela went to live in Ghana in 1967-69 and ed a band called Hedzolleh to learn Afrobeat. Juju music is more than 90 percent Highlife
The current so called Afrobeats relies on beats and rhythms from fast-tempo Highlife, Hiplife and Azonto which all came from Ghana. The Azonto craze in 2010-12 is what created a new vibe that led to the current waves in the so called Afrobeats starte
Mr Eazi said this some years ago..
Nigeria is only making the most noise because of the effect of the huge poplutation and the market.
Revenue up to 199.9b from 101.2b... roughly 100% increase.
Cost of sales swallowed up any gain to 120.98b from 38.5b. whooping 200%
Gross profit 78.9b compared to 62.7b generated from previous year quarter from 101.2b.
Gross margin - 39.5% down from last 62%.
Aradel used 61% of revenue generated as cost of sale while previous was 38%.
I think new acquisitions, JV/merger deals, oil finds etc usually come with some huge intial costs, onboarding expenses etc which are better recognised and charged to the income statement immediately after a deal is consumated, i.e. obeying the principle of Prudence.
I think this Aradel performance may be similar to how/why Oando reported a loss in Q4 2024 after the acquisition of ENI/NOAC, as some costs need to be fully written off instead of carrying fictitious balances in the books.
It is because I am not based in Lagos at the moment, and I don't have the luxury of time to be traveling back and forth . I rarely have time these days because I have been very busy. Same reason why I have been scarce on this platform for sometime now. I don't know if they would be okay with just emailing some of the documents to them.
Those Russian missile strikes on Kyiv, Kharkiv, Odessa and the recent one in Sumy. You think there were no top Ukrainian military leaders and Generals present? Jokes on you.
You only hear about the occasional Russian ones. Because the western media will do everything to hide Ukraine's casualty figures.
The sudden deaths of US & European generals you keep seeing being published, what do you really think happened to them? Stroke or cardiac arrest lmaooooo!! 😂 🤣
The last Russian Iskander strike on a bunker housing both foreign and Ukrainian military leaders.... European officials were crying and ranting even more than the bereaved Ukranians, why do you think that is?
Ukranian losses are buried so deep while they focus only on Russian losses. At the end of the war, everything will be brought to light.
If Russia is having it easy, why are they recruiting soldiers from North Korea and China to come help them win the war?
The truth is, both Russia and Ukraine are reporting huge losses. The war is about 3 years now, so it is not an easy party for both sides.
Not yet. The link did not work as it should.
But it brought out my name and my Oando shareholder number which I printed. So I will take to First Registrars along with my CHN, CSCS statement, international port, NIN etc.
GeeKudi:
That thing is not working. You type the name and nothing happens. What are they looking for that they can't get from our cscs details?
Then you can go directly to First Registrars.
But I advise you go with a printout of the page where your name is listed with the Oando shareholder number.
Mills55:
Dear Shareholder,
In preparation for Oando Plc share distribution, kindly update your shareholding records with CHNs and Member Code by clicking:
Thank you.
Did anyone get this message? What does it mean? I removed the link to avoid ban. This message is from Firstreg
Yes. I got mine via email
It means you should provide your CHN and Oando shareholder number so they can credit your with the shares.
Just type in your surname and click ''search'....it will bring out all names that have similar surname, and then you can click on your own name (with your Oando shareholder number) and continue from there. If you have difficulty, then call or visit First Registrars at Iganmu, Lagos
Image123:
Hmmm, see wetin my fellow citizens dey ask. Imagine if government build house for 45m, we go tear shirt say e too much. E be like i go my dear citizens build 45m house dey ask if e enough oh. Instead of this 30k abi how much dem wan pay me to explain say government fit use 45m build house.
Don't you know that govt has more resources and can acquire land and other materials much cheaper than any other person or group of people could do?
TimeManager:
President Tinubu is a very smart man. Sometimes, you don't need to beat a child when he's crying aloud, he will keep disturbing the neighbors with his noise. You rather wait for him to sleep, wake him up then give him the appropriate punishment for his offence. When the Junta took over and the President sanctioned him, everyone was pleading with the President to reverse it which he did but after some months ed, he has cut their power again and nobody can fault him for it. I think it was last month that the junta sent people to beg Tinubu to help him with fuel crisis in his country. A head that will collect knocks, even if he travels to space, he will still collect it. That's the matter of the Niger Junta.
-Kiss the truth!
Ignorance!!!
There is an MOU agreement between Niger Republic and Nigeria that says that Niger Republic should not dam or block the water in River Niger that flows through their country so that Nigeria would use the water to generate electricity and in turn supply some to Niger Republic.
If tis action by Nigeria is true, then Niger republic now has the right to construct a dam over River Niger; and Kainji dam would go dry in weeks. Then Nigerians will realize the foolishness in this act when the time comes
ariesbull:
Then thy should school in Nigeria,stay at home and build your country
How would you build your country without sound knowledge of science and technology, among others?
The Chines, Japanese, Indians etc. were able to build their countries by first traveling abroad to Europe, America etc. to acquire modern knowledge in various fields and then went back home to use the knowledge acquired to build and develop their countries.
You don't build a country with ignorance and outdated knowledge.
Bagwa:
Oando’s Moment: From Doubt to Determination
By Tanimu Yakubu
For years, Oando PLC has been the subject of public scrutiny and investor anxiety, navigating storms ranging from oil price volatility to regulatory disputes. Yet today, the company stands at an inflection point—one that could redefine its future and, just as importantly, silence the doubting Thomases.
Recent headlines surrounding Oando’s selection as the Government of Trinidad and Tobago’s preferred bidder for the lease of the Pointe-a-Pierre refinery raised eyebrows. Critics were quick to latch onto the term “ing insolvency”—a technical classification that suggests a company’s liabilities exceed its assets. But a closer examination of the situation, particularly in the broader context of Oando’s strategic repositioning, offers a much more reassuring picture for shareholders and observers alike.
Let’s begin with the facts. In 2023 and 2024, Oando reported back-to-back profits—N60 billion and N65.5 billion respectively. This recovery follows a challenging stretch marked by multiple years of losses, and it didn’t happen by accident. Improved operational efficiency, disciplined cost management, and restructuring efforts have all contributed to this turnaround. While balance sheet pressure remains, these profits signal a shift in momentum and growing financial resilience.
Now, enter the Pointe-a-Pierre refinery. This is not just a symbolic win—it’s a strategic one. The refinery, if fully restarted, positions Oando as a significant downstream player in the Caribbean energy landscape. It offers geographical diversification, potential new revenue streams, and a rare foothold in a region where African energy companies have traditionally had little presence.
Understandably, the cost of restarting the refinery—estimated at over TT$1 billion—is daunting. But this is where the Government’s due diligence process matters. The selection was made following independent international advisory reviews and a Cabinet-level approval process. Furthermore, the ongoing negotiations with Trinidad Petroleum Holdings Limited (TPHL) suggest a structured and cautious approach. The risk is being managed—not ignored.
But the refinery deal isn’t the only card in Oando’s hand.
In 2023, Oando announced the landmark acquisition of a 100% stake in Nigerian Agip Oil Company (NAOC) Limited from Eni. This transaction has the potential to transform Oando’s upstream portfolio. NAOC’s assets include equity production from several oil mining leases (OMLs), stakes in key infrastructure like the Trans Niger Pipeline and the Okpai Power Plant, and a historically robust production base. This acquisition positions Oando to significantly increase its daily output, reduce operating costs per barrel, and regain stature as a major player in Nigeria’s upstream sector.
Oando’s acquisition of NAOC’s assets represents not just a strategic business expansion—but a textbook case of structured finance, often misread by surface-level analysis. The company deployed short-term leverage—estimated at around $750 million through a bridge or short-tenor facility—to finance the acquisition of assets conservatively valued at $2 billion. On the face of it, this is an accretive transaction, with significant embedded value.
The design of this transaction is fundamentally sound. The acquired assets are cash-flow generative from day one and have been ring-fenced to service the facility. This approach—where acquisition financing is directly serviced by the revenue streams of the acquired asset—is a standard in structured acquisition finance. It is a controlled, risk-allocated transaction model used in global M&A practice, particularly in capital-intensive sectors like energy.
Yet, predictably, critics are quick to point fingers: some suggest Oando is facing a liquidity crisis, others speculate on insolvency, and a few insist on immediate equity recapitalization. These criticisms, while common in public discourse, miss a key point—those who provided the capital, the financiers, undertook the actual underwriting risk. These are institutions with fiduciary mandates, robust risk frameworks, and capital at risk. Their due diligence, not public commentary, is the credible benchmark.
Indeed, the acquired assets underwent rigorous scrutiny by lenders and advisors. They ed every major threshold: solvency, liquidity, debt service coverage, and going concern. The financiers didn’t just approve a facility—they backed an acquisition whose balance sheet and cash flow impact met their internal credit risk and capital adequacy criteria.
Moreover, these assets have not only paid for themselves in debt servicing —they have improved Oando’s market position and future earnings outlook. Post-acquisition, Oando is more vertically integrated, holds more upstream control, and commands a stronger portfolio that enhances its appeal to both creditors and equity investors. This is not financial stress—it is financial engineering with a clearly defined exit strategy.
Critically, Oando’s approach mirrors a phased refinancing plan: secure the asset using short-tenor debt, consolidate and extract operational synergies, and then refinance with a blend of longer-term instruments—possibly including equity, convertible debt, or corporate bonds—under better and at improved credit standing. This is what any CFO or structured finance team would design under similar macroeconomic and asset market conditions.
This isn’t a company gambling on leverage. It’s a company using structured debt as a bridge to strategic growth—deploying acquisition finance intelligently in a resource-rich, capital-constrained environment. To interpret such a move as recklessness is to misunderstand the fundamentals of structured corporate finance.
So where does this leave shareholders?
Cautious optimism is the most prudent stance. Yes, the company still carries a heavy debt burden. Yes, it must demonstrate that recent profits are not a fluke but a trend. But the signs are promising. The NAOC acquisition deepens Oando’s core, the refinery deal extends its reach, and profitability signals internal discipline.
There’s still work to be done—particularly in refinancing liabilities—but the narrative has changed. Oando is no longer defined by its challenges; it is increasingly defined by how it’s confronting them.
For those who held on through the turbulence, this could be the start of the return. And for those still watching from the sidelines, the company may soon offer proof that a turnaround isn’t just possible—it’s underway.
Mr. Yakubu was an investment banker and until recently an independent non-executive director at Oando Plc.
Oga Bagwa, what's the next thing coming up. ?
I know you know a lot about Oando
Helgreenluv:
Only a drunkard or a dullard will take this joker serious. What does Odumeje know? Even a primary 2 pupil is more intelligent than Odumeje
What the man said is the truth. Evidence abounds all over the country!
Tinubu is the worst!
Walllee:
Israel is biting morethan it can chew,it's looking as if there intentions are what they are being accused off,you have the technology to go after hamas,why taking people's ancestral lands again?
Which ''ancestral land'' are you talking about?
Who is the real owner of Jerusalem, Judea, Samaria etc?
The nepotistic appointments of Tinubu is just disgusting. Seems to be even worse than what Buhari did.
Giving virtually all top positions to Yoruba is just not good optics.
Every nepotistic government in history has been a failure, even if they started well.
The failure of Tinubu's govt would have a bad consequence for the political fortunes of Yoruba people, if care is not taken.
mikeapollo: 11:48am On May 21
Igbo amaka, even Azikwe influenced Awo a lot but the latter only ended up betraying him and destroying the nation.
