Dear Nigerians. The @meman_info import parity SPOT prices (top right in the below) depends on CURRENT crude oil prices & insurance & freight costs (CIF) to Lomé. That Lomé CIF price is gotten from S&P Global/Platts (see highlighted).
Thus, imported PMS CANNOT be below N1000/l.
@Rufyb Hmmmm... Seplat's numbers now look more attractive than ever before. Aradel Holdings need to go overdrive on reining in costs and optimizing production.
Aradel Q1 2026 results...
So this is why it is important to understand accounting and financial statement analysis. Aradel’s Q1 2026 is reflective of all its business interests, including Renaissance.
The earnings were, of course, very strong, but they also came with expenses, the most notable of which was increased finance costs.
Reported profit to shareholders stood at ₦66bn in Q1 2026. But of course, I will normalise my own. There was ₦209bn in other income, resulting from overlifting. Normally, overlifting and underlifting are part of operations, but when they are significant, proper analysis requires you to strip them out.
In oil and gas accounting, an overlift occurs when a partner in a joint venture lifts (takes and sells) more crude oil or gas than its entitlement share of production during a period.
Say a field produces 100k barrels, and Coy A owns 40%, then it means the coy’s entitlement is 40k barrels. If Coy A actually lifts and sells 50k barrels, it has overlifted by 10k barrels, and that means it has effectively sold some barrels that economically belong to its partners. They will need to settle in the future (i.e., a liability has been created).
The same (reverse) pattern works when a coy underlifts.
The profit that accrues to Aradel’s shareholders is ₦66bn (normalised to ₦45bn).
Seplat’s reported profit after tax is ₦52bn (normalised to ₦229bn - adjusted for “other expense” and the “tax impact”).
Look at the wide variance in earnings per share. If you can not properly read these things, you may end up working with misleading results. Another way to rationalise the numbers is to focus on ‘Operating profit”
People underestimate how deeply an environment shapes the human mind. Imagine waking up every morning to clean roads, proper drainage, minimal dust, organized surroundings, safe walkways. Eventually, your mindset changes. You begin to think clearer, dream bigger, and expect better from life itself.
Happy Birthday Pastor @davidrotimi 🎉🤍✨
Thank you for constantly reminding us to embrace the gifts God has placed inside us and never speak down on our talents or purpose. Your words, wisdom and leadership have truly impacted lives in countless ways 🙏🏽✨
Thank you for your consistency, your heart for God and your dedication to His people. We are grateful for the grace, excellence and authenticity you carry so effortlessly 🌟
We pray that this new year brings you even greater joy, peace, strength and overflow on every side. May God continue to enlarge your impact, preserve you and fill your heart with all that concerns you 🎂🥳🎊
Happy Birthday, Pastor! We love and celebrate you deeply 🤍✨
Being a female in this country is worrying to say the least.
How can a girl refuse a grown ass man's advances & the best he could do is to go into her hostel, r*pe and ki** her.
Like, why would a young student end in such a violent way?
No security in the school?
My God!
BREAKING: 12 passengers have been abducted by suspected bandits on Friday in Isua Akoko, Akoko South-East Local Government Area, Ondo State.
The victims were travelling in two commercial Toyota Hummer buses from Benue State to Ibadan, Oyo State
Bandits on Saturday night invaded a prayer ground at Ori-Oke Ajaiye, on the outskirts of Ikiran village in Ekiti Local Government Area of Kwara State, killing three worshippers and abducting 15 others during a vigil.
According to the statement, the incident occurred at about 8:30 p.m. while worshippers were holding a night vigil at the prayer ground.
https://t.co/fTUsEGASjL
Can’t believe we’re battling terrorists that kidnap, rape and murder, and still battling citizens that choose to also casually engage in rape and murder.
Happy birthday, Pastor Anu Agoro @mrsanuagoro 🎉
Thank you for being a pillar we lean on . Your impact tells a story words can not. Today, we celebrate you and the grace that so beautifully rests on your life. ❤️
May this new year bring you more strength, more grace, and may God bless all that concerns you in Jesus' name. 🙏🏻
From CCI Global, We adore you ❤️🥳
#cciikeja
#ccilagos
#cciglobal
#happybirthday
Thaddeus Attah, contested against Banky W for the Eti-Osa Federal constituency and won under the influence of Labour Party"TOP TO BOTTOM"
Few months after winning, he was among the first 8 law makers to boldly defect to APC.
Haven defected, he held the position of "the APC choir master" of ON YOUR MANDATE WE STAND.
Infact, he has different colors/ brands of the asiwaju cap and has flaunted it even in his constituency, hence telling the people who voted him to go hug a transformer.
With the current political wave, he has started following Peter Obi, singing praises and eulogies, just to ride on his popularity.
He has moved to ADC and now in NDC, and has promised Nigerians a change of heart as he intends to throw away all the "on your mandate caps in his closet" if the people vote for him again.
God forbid bat-ting