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Romance / You Have Completely Missed The Point If... by Afonja2000: 6:06pm On Nov 03, 2023 |
A MUST READ FOR ALL MEN My brother, you have missed the road if you think CARING is by asking your woman questions like: *Have you eaten? *Have you taking your bath? *Did you sleep well? *How was your night? * Did you go out today? * Where are you now? *Hope you are fine? My brother, you have failed! Caring in intimate relationship is the practice of providing care and support to an intimate relationship partner. Care giving behaviors are aimed at reducing the partner's distress and supporting her coping efforts in situations of either threat or challenge. Dear men, you should improve and ask questions like this; *Should I get you some food stuffs? * What type of soap and cream should I get for you? * What type of sanitary pad you use? * Should I send you some money for checkup?? Oh! Baby before I forget, I just received my salary now, hope you don't mind if I take you out and spoil you a little? *Alright dear, I just called to know how you are doing and to know if you need recharge card to call your parents. *Send me your details let me transfer feeding money to you. These are signs of real men who love their ladies. I know it won't go down well with men but this is the honest truth of the century. Try this and thank me later. 🙏👏 Class dismissed 🥂 Copied ✌️ |
Business / Re: Dollars And Dilemmas: Tinubu's Fiscal Chess by Afonja2000: 6:04pm On Nov 03, 2023 |
JaneYave:Borrowing is not completely bad, but the issue is what the loans are being used for |
Business / Re: Dollars And Dilemmas: Tinubu's Fiscal Chess by Afonja2000: 5:49pm On Nov 03, 2023 |
We have truly taught Peter Obi a lesson 1 Like |
Business / Dollars And Dilemmas: Tinubu's Fiscal Chess by Afonja2000: 5:46pm On Nov 03, 2023 |
In 1989, Nigeria LNG Limited (NLNG) was established, operating as a liquefied natural gas-producing company and having a liquefied natural gas plant on Bonny Island, Nigeria. Interest in LNG emerged in the 1960s when the concept of monetizing flared gas was introduced. Liquefied Petroleum Gas (LPG), commonly known as cooking gas, is a byproduct of refining petroleum (crude oil) or extracting it from natural gas streams. Over the past 15 years, NLNG has reportedly supplied over 2.4 million tons of liquefied petroleum gas (LPG) to our homes. A ton is about 910 kg. The 25 liters of vegetable oil in your house are roughly equivalent to 25 kg. This gives you an idea of how important NLNG is to our homes. NLNG is considered one of the most important economic projects in Nigeria. NLNG is owned by several entities, with Nigeria having 49%, while other entities like Shell and TotalEnegies own the rest. It is one of the most finely run organizations in this country. NLNG has also paid dividends of about $18 billion to the Federal Government of Nigeria over the years. Philip Mshelbila, the current MD, was brought from the Atlantic LNG Company of Trinidad & Tobago, where he was CEO. NLNG is a regular case study in international business schools as a fine example of public-private partnerships. You may be asking how this is related to Forex. Well, the Tinubu administration has decided to securitize about $7 billion of the country’s dividends for five years from the Nigerian Liquefied Natural Gas (NLNG). This is just a complex way of saying the FG wants to sacrifice our nation's future for immediate gratification. It means that the dividend payments, which will accrue to Nigeria from its 49% equity in NLNG over five years, would be sourced and handed to the country by a consortium of banks led by Standard Chartered. The bank expects to be paid a fee for the transaction, and the government will also cover the interest payments for the entire period. It's a strange request because, according to the Budget Office, the FG is only due $2.2 Billion over the next 4 years from its investment in the NLNG. How did they arrive at $7 billion? In essence, while the government is telling the public that its securitization is for 5 years, unless a miracle happens in gas production, we are looking at a situation where a government is borrowing future revenue for up to 12 years. And that is without accounting for the interest on this loan. Why is the government doing this, you ask? Well, you saw how the naira to the dollar jumped from N800 to N1300 within a month; it's because the country does not have enough dollars to meet the demand. And this is no fault of anyone but the government itself due to its terrible fiscal and monetary policies over the years. If you do not know what 'fiscal' and 'monetary' mean, they are fancy ways of talking about how the country is being run. Now, to ensure that Nigeria has enough dollars for its duties like exchanging the naira to dollar for manufacturers who want to buy foreign equipment or raw materials, or exchanging naira to dollars for those who want to study abroad, the government is trying to find ways of sourcing dollars by all means. What the government plans to do with NLNG is being done with NNPC, the country's oil company. NNPC intends to borrow $3 Billion from the African Export-Import Bank (Afreximbank), implying that repayment will be from future crude oil earnings. According to a Punch report in September last year, oil exports account for 80% total national revenue. We are taking future revenue and deciding to spend them in the present. Ideally, what other countries do is attract foreign investors who come into the country with their dollars to invest in the local economy (FDI), or even just invest in our stock market (FPI). But that has not been happening for a long time due to the lack of confidence in the government's ability to provide an enabling environment for businesses (it was the past CBN governor who challenged a businessman to a public fight...(I am not kidding)... over publishing exchange rates. Just last week, Morgan Stanley Capital International (MSCI) said it will remove several major Nigerian securities from the MSCI Frontier Markets Indexes, including the top nine according to the MSCI's weights. They include Dangote Cement PLC, MTN Nigeria Communications PLC, and Guaranty Trust Holding. Forget the big words; what it means for foreign investors is that the Nigerian stock market is a risky place to put their money due to an increased risk of repatriating funds from the Nigerian market. Of course, this will likely erode investor confidence and further dampen foreign investor sentiments towards the country. It was only in September that another organization, FTSE Russell, reclassified Nigeria's equity country status from frontier markets to unclassified. Again, don't worry about the big words. These are signals to foreign investors to look twice before putting their funds into the Nigerian market. What the government plans to do in the coming weeks is to take the $7 billion loan based on what they plan to get from NLNG, take about $7 billion based on what they plan to get from NNPC, take a $3 billion loan from Afreximbank, and then another $1.5 billion loan from the World Bank. There is more. Just 2 days ago, President Bola Tinubu urged the National Assembly to approve a request to borrow one $7.8 billion and another €100 million loan. If you still do not understand, all this means that we have chopped a lot of our future income and then taken some more loans, which would be difficult to pay back because the future income that would have been used to pay the loans would no longer be available. If you hear an individual do this, what do you think of him? If you see a country do this, what would be your reaction? Of course, the individual will have a lot of money now, but what happens months down the line, especially if what he is using the loans for, after converting to naira, is to build mansions for himself and his vice, buy cars for his wife, and throw some money for a fine yacht (did I spell that right)? There will be respite in the forex market for now, but in the next few months, when it rains it pours. P.S. Tosin Adeoti 1 Like |
European Football (EPL, UEFA, La Liga) / Re: Sevilla Vs Arsenal UCL (1 - 2) On 24th October 2023 by Afonja2000: 3:46pm On Oct 24, 2023 |
blowjohn:Seriously they are very strange, I strongly believe that if they where in PL, they will be among top 5 2 Likes 2 Shares |
Crime / Re: Manhood Stealing: Man Offers 35 Million Naira To Anyone Who Can Steal His (pics) by Afonja2000: 7:38am On Oct 17, 2023 |
BigYash:There's no point arguing blindly, you can grab the challenge yourself or refer your so called alfas and still collect your own share. I believe it is time we deal away with those nonsense mentality that has kept us backward in this great nation 5 Likes 1 Share |
Jobs/Vacancies / Re: Is This Employment Letter Genuine? (pics) by Afonja2000: 1:19am On Oct 17, 2023 |
ecolime:That's the level of desperation in Nigerian but during election, instead of voting competence they would rather vote along tribal and religious lines |
Crime / Re: Manhood Stealing: Man Offers 35 Million Naira To Anyone Who Can Steal His (pics) by Afonja2000: 1:11am On Oct 17, 2023 |
JASONjnr:You can become #35M richer, go grab the challenge 12 Likes |
Crime / Manhood Stealing: Man Offers 35 Million Naira To Anyone Who Can Steal His (pics) by Afonja2000: 11:55pm On Oct 16, 2023 |
A very popular young man named Kel Armstrong Amobi (KAA), has offered to give #35M to anyone who can diabolically steal his manhood. This is to prove to everyone that there's nothing like spiritual stealing of penis as was largely propagated by evil elements and hyped without verification by the media. In his words ''I just got to know that Legit.ng also posted this challenge. Legit should know that the offer is now N35M and no one has come forward for the challenge. Those who indicated interest never showed up. Again, people should know that this is not me chasing clouts. The issue is a very serious one and everyone should be concerned. Lots of victims of this false alarm suffered untold humiliations, torture, and public disgrace, and the most unfortunate of them lost their lives, all because no one cared to ask important questions. My aim is to prove that the story of male organ thiefs flying around unchecked are all false. And what better way to do that than to have this challenge? Let anyone who can spiritually steal my gbola come forward and steal it and instantly become 35 million Naira richer. Remember, I will sign legal consent exonerating you from any wrongdoings, but if you fail, you go collect 50 strokes of hot koboko. This is also time to refer and make money too. I’m just a DM away and I live in Abuja.'' 😂 —KAA 2 Likes
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Jobs/Vacancies / Re: Is This Employment Letter Genuine? (pics) by Afonja2000: 10:30pm On Oct 15, 2023 |
arstot:This is serious oo |
Jobs/Vacancies / Re: Is This Employment Letter Genuine? (pics) by Afonja2000: 6:57pm On Oct 14, 2023 |
Emarvel:Till now, my friend is still finding it difficult to believe that his cousin would want to defraud him |
Jobs/Vacancies / Re: Is This Employment Letter Genuine? (pics) by Afonja2000: 8:54am On Oct 14, 2023 |
Emarvel:Always a cousin or a close friend 2 Likes |
Jobs/Vacancies / Re: Is This Employment Letter Genuine? (pics) by Afonja2000: 9:18pm On Oct 13, 2023 |
francotunsco:I dey tell you 1 Like |
Jobs/Vacancies / Re: Is This Employment Letter Genuine? (pics) by Afonja2000: 5:12pm On Oct 13, 2023 |
peterbello:The cousin said that the company is owned by an Italian man |
Jobs/Vacancies / Re: Is This Employment Letter Genuine? (pics) by Afonja2000: 5:11pm On Oct 13, 2023 |
BuzoDeGr8:Hmmmmm! Deep! Please tell us your story |
Jobs/Vacancies / Re: Is This Employment Letter Genuine? (pics) by Afonja2000: 8:12am On Oct 13, 2023 |
AskProf:Please can you state the reasons why you believe this to be scam 7 Likes 2 Shares |
Jobs/Vacancies / Re: Is This Employment Letter Genuine? (pics) by Afonja2000: 8:10am On Oct 13, 2023 |
aieromon:Still wondering what the said cousin plans to achieve 33 Likes 1 Share |
Jobs/Vacancies / Is This Employment Letter Genuine? (pics) by Afonja2000: 11:47pm On Oct 12, 2023 |
My friend received this offer letter from a company based in Abidjan. After his cousin who is based in Abidjan informed him of vacancy in the company where he worked, he sent his details to his cousin who claimed to have close relationship with the HR department in the said company where he worked. My friend is sceptical about the genuity of the offer letter despite the full assurance from his cousin. So I brought it here for a wider view and opinions, the cousin told him that his job role and other informations will be made known to him when he gets there. 2 Likes 1 Share
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Crime / Re: Mosque-goers Fight Dirty Inside Mosque Over Control Of Mosque: 1 Killed by Afonja2000: 5:58pm On Oct 09, 2023 |
oz4real83:Lol very funny 1 Like |
Crime / Re: Who Knows How I Can Get My Money Back? by Afonja2000: 3:42pm On Oct 09, 2023 |
OGwales:The way most of us Nigerians reason is very bad, a person is seeking for help for his misfortune and all you can offer is insults to him, very pathetic! 1 Like |
Business / Re: How Access Bank And The Court Helped Me To Recover My Money From A Fraudster!!! by Afonja2000: 3:16pm On Oct 09, 2023 |
Mikenikel:Hello have you gotten the Court order? How much did it cost you? I need to serve Opay a court order, God will punish all their staff involved in frustrating me unnecessarily 1 Like 1 Share |
Travel / Re: Ten Most Expensive States To Live In Nigeria Based On Inflation Rate–August 2023 by Afonja2000: 10:47pm On Sep 18, 2023 |
I'm sure the person that compiled this list is on colos, I mean what's kwara and some other South West states doing there? I have recently lived in most of those states and apart from Lagos, non of them comes close to Imo State and some other South East States 3 Likes |
Crime / Re: Kuda Is Setting Me Up, I Need Help. Picture Evidence Attached by Afonja2000: 11:10pm On Sep 13, 2023 |
Seems Opay and Kuda are in the same league of fintech banks with highly unprofessional staff. Opay is currently freezing their customers' accounts and are not responding to messages and texts 1 Like |
Business / Re: Top 30 Fintech Magnates Of Nigeria by Afonja2000: 9:16am On Sep 12, 2023 |
Mostly Yorubas Yoruba amaka 13 Likes 1 Share |
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