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  • Re: MarketWatch Post #218675
    Posted at: 5:24 am, 31st Jul 2014
    by Salida. SMN . Joined: 11th July 2010. Thanked 225 times.


  • Re: Economicwatch Post #218674
    Posted at: 5:12 am, 31st Jul 2014
    by Sean12010. SMN . Joined: 15th February 2014. Thanked 3 times.


  • Re: oando Post #218673
    Posted at: 5:06 am, 31st Jul 2014
    by Sean12010. SMN . Joined: 15th February 2014. Thanked 3 times.

    maximusbukas;218661 wrote:
    Please would oando shares still be available to buy owing to this announcement cos i want to add more to my units

    Maybe at #40 or above but you never know you might get at market price today it depends on who your broker is, then result expectations might clog the wheels of the fast train.


  • Re: Economicwatch Post #218672
    Posted at: 4:53 am, 31st Jul 2014
    by Dexter77. SMN . Joined: 19th May 2014. Thanked 11 times.


  • Re: World Politics Post #218671
    Posted at: 4:43 am, 31st Jul 2014
    by Dexter77. SMN . Joined: 19th May 2014. Thanked 11 times.

    yomikuri;218662 wrote:
    war in d east, war in the west, bombings in d north, crash in the south, ebola by d corner,chaos to d left, madness by d right, uncertainty at d back,frustration on d way: sometimes i get sick of all this happening i feel like settin up a new base on d moon or some virgin island in the deep sea or underneath. Anybody wana join me?

    Considering the apparent safety of these locations and the low probability of making a profit due to a lack of incentives and other stimulants, I'll pass...


  • Re: Diamond bank Post #218670
    Posted at: 4:41 am, 31st Jul 2014
    by bivins1. SMN . Joined: 26th October 2007. Thanked 157 times.

    Diamond Bank Right Issue | Centurion Registrars

    Right Issue starts today. Let all those who are interested get pro-active so as to avoid the shenanigans associated with issues like this. Centurion registrars are notorious .


  • Re: The Banks Post #218669
    Posted at: 3:48 am, 31st Jul 2014
    by shigidi. SMN . Joined: 6th July 2007. Thanked 18 times.

    For your persual :)


  • Re: Light UP Nigeria !!! Post #218668
    Posted at: 3:26 am, 31st Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Union Bank Post #218667
    Posted at: 3:23 am, 31st Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Economicwatch Post #218666
    Posted at: 3:17 am, 31st Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Cadbury Nigeria Plc Post #218665
    Posted at: 3:13 am, 31st Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: oando Post #218664
    Posted at: 1:13 am, 31st Jul 2014
    by manemi. SMN . Joined: 22nd April 2010. Thanked 48 times.

    Austin7777;218663 wrote:
    1.You are wrongly informed in this matter sir. Oando will enjoy the 5 yrs pioneer tax status in this new upstream business just like what seplat is enjoying now. 2. name the indigenous company in nigeria that produces 100,000 barrels per day. 3. the proceeds from the tax exemption will run into billions of naira and its a plus for oando. 4. oando is making huge progress in a journey of unlimited opportunities.

    Oil thieves, I guess!:D


  • Re: oando Post #218663
    Posted at: 11:30 pm, 30th Jul 2014
    by Austin7777. SMN . Joined: 24th June 2014. Thanked 0 times.

    nkpokiti;218608 wrote:
    There is definitely nothing much to celebrate here other than the drumbeat of sponsored - media promotions. Even though folks may see a temporary spike on this stock, many will surely be burnt as the dust clears and the rush to bail out begins. Many indigenous operators produce over 100,000 barrels without making noise yet a potential production of about 44,000 barrels is been packed as if it will rescue the company from its over - leveraged financial position. The problem is many folks don't do the much needful research and number crunchings. When you multiple the annual return on 44,000 b/d and deduct the petroleum tax and other taxes/levies, what actually goes to Oando becomes insignificant and may not even be enough to pay interest on the huge, high cost loans. So, it is not yet uhuru in the land of the Cowboys.

    1.You are wrongly informed in this matter sir. Oando will enjoy the 5 yrs pioneer tax status in this new upstream business just like what seplat is enjoying now. 2. name the indigenous company in nigeria that produces 100,000 barrels per day. 3. the proceeds from the tax exemption will run into billions of naira and its a plus for oando. 4. oando is making huge progress in a journey of unlimited opportunities.


  • Re: World Politics Post #218662
    Posted at: 10:42 pm, 30th Jul 2014
    by yomikuri. SMN . Joined: 2nd January 2014. Thanked 4 times.

    war in d east, war in the west, bombings in d north, crash in the south, ebola by d corner,chaos to d left, madness by d right, uncertainty at d back,frustration on d way: sometimes i get sick of all this happening i feel like settin up a new base on d moon or some virgin island in the deep sea or underneath. Anybody wana join me?


  • Re: oando Post #218661
    Posted at: 10:24 pm, 30th Jul 2014
    by maximusbukas. SMN . Joined: 18th November 2013. Thanked 0 times.

    people;218658 wrote:
    The following played a part in d deal;

    DLA PIPER ADVISES ON $1.65 BILLION NIGERIAN
    OIL AND GAS ACQUISITION
    English London Africa Energy July 30, 2014
    Projects, Energy and Infrastructure News

    DLA Piper has advised Oando, the Nigeria-based integrated energy solutions
    provider, on the $1.65 billion acquisition of ConocoPhillips' offshore and
    onshore assets in Nigeria and the associated reserve-based, multi-source
    financing.

    This acquisition will make Oando one of the largest indigenous oil producers
    both in Nigeria and Africa as a whole.

    The DLA Piper team that advised on the acquisition was led by International
    Head of Finance & Projects, Charles Morrison who was supported by senior
    associate Adam Blythe. Partner Dimitri Papaefstratiou, legal director Jakub
    Kubicki, associate Pam Dusu and trainee Kirsty Law advised on all aspects of
    the multi-source financing of the acquisition, including reserve-based lending.
    Charles Morrison said: "This is an extremely important acquisition for Oando
    that has consolidated its position as Nigeria's leading energy solutions provider
    and we are very pleased to have played a key role in helping them to achieve
    that aim."

    Dimitri Papaefstratiou added: "DLA Piper has an excellent reputation for
    advising energy clients in Africa and a great track record of delivering major
    transactions in Nigeria. Our first-rate energy & infrastructure finance capabilities
    ensured we were able to support Oando on the complex financing that enabled
    the completion of this important deal."


    Unending update coming soon. ...............

    Please would oando shares still be available to buy owing to this announcement cos i want to add more to my units


  • Re: MarketWatch Post #218660
    Posted at: 10:10 pm, 30th Jul 2014
    by yemo. SMN . Joined: 21st February 2009. Thanked 218 times.

    migiets;218601 wrote:
    Na wa o. Mine does not show...I use firefox as my browser.

    Try a page refresh with Firefox. That section will load once the chart in the top left corner displays. The page is running a bit of crappy asynchronous javascript that may not load properly on ISP connections where there is a latency issue. I take it you're using a Naija ISP(?)

    Should be ok on a fast broadband connection though. Tested in both IE and Waterfox (64 bit version of Firefox)


  • Re: insurance stocks Post #218659
    Posted at: 10:09 pm, 30th Jul 2014
    by yomikuri. SMN . Joined: 2nd January 2014. Thanked 4 times.

    Salida;218642 wrote:
    STATUS OF 2013 FINANCIAL STATEMENTS OF INSURANCE COMPANIES As At Friday,July 25, 2014.

    http://naicom.gov.ng/payload?id=f4874b4e-a4bd-46bc-a9f7-e6e6596e6ebf

    :)

    thanks!


  • Re: oando Post #218658
    Posted at: 10:01 pm, 30th Jul 2014
    by people. SMN . Joined: 24th June 2013. Thanked 3 times.

    kenneth10;218651 wrote:
    Maybe by laplace transform

    The following played a part in d deal;

    DLA PIPER ADVISES ON $1.65 BILLION NIGERIAN
    OIL AND GAS ACQUISITION
    English London Africa Energy July 30, 2014
    Projects, Energy and Infrastructure News

    DLA Piper has advised Oando, the Nigeria-based integrated energy solutions
    provider, on the $1.65 billion acquisition of ConocoPhillips' offshore and
    onshore assets in Nigeria and the associated reserve-based, multi-source
    financing.

    This acquisition will make Oando one of the largest indigenous oil producers
    both in Nigeria and Africa as a whole.

    The DLA Piper team that advised on the acquisition was led by International
    Head of Finance & Projects, Charles Morrison who was supported by senior
    associate Adam Blythe. Partner Dimitri Papaefstratiou, legal director Jakub
    Kubicki, associate Pam Dusu and trainee Kirsty Law advised on all aspects of
    the multi-source financing of the acquisition, including reserve-based lending.
    Charles Morrison said: "This is an extremely important acquisition for Oando
    that has consolidated its position as Nigeria's leading energy solutions provider
    and we are very pleased to have played a key role in helping them to achieve
    that aim."

    Dimitri Papaefstratiou added: "DLA Piper has an excellent reputation for
    advising energy clients in Africa and a great track record of delivering major
    transactions in Nigeria. Our first-rate energy & infrastructure finance capabilities
    ensured we were able to support Oando on the complex financing that enabled
    the completion of this important deal."
    Chief Legal Officer of Oando, Ngozi Okonkwo said: "We are delighted to have
    closed this transaction which will no doubt play a pivotal part in Oando's
    history. We are grateful to DLA Piper for providing such excellent, thorough and
    proactive service and supporting us on both the acquisition and financing work
    streams."
    Contact information
    Amanda Butters
    DLA Piper
    +44 (0)20 7796 6688
    +44 (0)7921 025 545
    amanda.butters@dlapiper.com
    Notes to editors
    1. DLA Piper is a global law firm with 4200 lawyers located in more than 30
    countries throughout the Americas, Asia Pacific, Europe and the Middle East,
    positioning it to help companies with their legal needs anywhere in the world.
    2. For further information about our organisation and services, please visit
    our website: DLA Piper Global Law Firm


    Unending update coming soon. ...............


  • Conference call details for Aug. 1 Post #218657
    Posted at: 9:47 pm, 30th Jul 2014
    by solainvest. SMN . Joined: 20th February 2008. Thanked 1 times.


  • Re: World Politics Post #218656
    Posted at: 9:43 pm, 30th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: ForeignMarketsWatch Post #218655
    Posted at: 9:41 pm, 30th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: World Politics Post #218654
    Posted at: 9:32 pm, 30th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: World Politics Post #218653
    Posted at: 9:30 pm, 30th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Sports Matters Post #218652
    Posted at: 9:25 pm, 30th Jul 2014
    by tdmadeeasy. SMN . Joined: 11th October 2006. Thanked 10 times.


  • Re: oando Post #218651
    Posted at: 9:08 pm, 30th Jul 2014
    by kenneth10. SMN . Joined: 11th January 2013. Thanked 4 times.

    mecatchcha;218624 wrote:
    Ok Sir. Correction taken. And those 2 sales brought your average to below N20.00.

    Is that average by integration or differentiation?

    Maybe by laplace transform


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