₦airaland Forum

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OJUcrook:
i know you will agree with that mo'ron. If you morafckers love the Heeebos so much why dont you return the abandoned properties you fathers seized from them after the civil war. Why didnt jonathan make an Heeebo man is vice presidential running mate? Why did he choose a Northerner whom you fools so disdain

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Akobata Fulani go hang yourself.

BishopMagic:
On the real topic at hand...

There is no such thing on the cardinal compass to indicate there is any direction callled South south.

Why is there not a north-north or west-west?

Their plans was to remove any of the coastal states in the Southeast coast from the Southeast geo-political zone.

Fear of Biafra is the beginning of gross stup1dity for a Nijeriyan.

The Nigerian political system created the term south south, I will be ok, as a midwesterner or a Niger deltan. Till then we have South south.

BishopMagic:
Don't mind that fool. Does she go by "North central"?

She defined herself as one primitive hinterland tribe first and foremost.

Ask the boko OP if he considers himself even by his state of origin. Have you heard any Nutterner saying he is a proud Kebbi man?

Leave these useless people.

[size=14pt]The SOUTH-SOUTH nomenclature has backfired on them because what it intended to do was to make the zone fragmented and weaker but as we can see today, it is only a Urhobo or Isoko or Ijaw or Itsekiri or Calabari or Ikwere or Anang or Ibibio or Efik or Ogoni that will proudly tell you they are from the South South!
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That means the South-south nomenclature which was intended to weaken the zone politically has created a unified political stage for the minorities within. The last elections and voting pattern since 1999 should tell you that the South South nonsense has actually paid off for the Niger Delta people!

Excellent observation.

Is Ekiti a PDP state? . Some are borrowing to pay invisible salaries, but across the political landscape PDP govs are rolling out bulldozers. That's the difference with change you can see and believe in.

George Bush missed that chance in 2002/2003. Instead of invading Iraq, Afghanistan should have been removed from the planet with a Nuclear bomb. The world would have been better today.

Jakpon:
dirty yereba boy. You are an ofe mmanu. There is no south south, check your map. Everything falls under eastern nigeria

Akobata Fulani , I know the almajiri slavery of your linage, left you immersed in inferiority complex mode. You are free to run around and post your rubbish. That's what is expected of akobata foolanis like you.

Why is South south giving some of you, morons heart attack and high blood pressure?

Another pathetic lie

"All day I think about it, then at night I say it. Where did I come from, and what am I supposed to be doing? I have no idea. My soul is from elsewhere, I’m sure of that, and I intend to end up there." ~Rumi

NIGERIANS WILL SEEK FREEDOM FROM THIS HELL WE KNOW TODAY. DISINTEGRATION IS A MATTER OF TIME.

redsconsult:
why did you divert project fund meant to construct raillines from kano to lagos to renovation of airports and abuja railway... buhari is still on point ....madam okonjo iwela stop spewing trash.... we aint fools

Are you sure?because you seem to have a serious comprehension problem.

Chinese government loans in Africa, are NEVER given as cash to any country or government, also 99.9% of the contractors are Chinese with all raw materials imported from China. In a country like Nigeria where illiterates reign supreme, stories like Chinese loans diversion are repeated by the very ones, that know its not true.

Osho is comparing the works of Adeshina and Jonathan's to his marriage. He probably forgot the definition of scam

The funds, according to her were released directly to the Chinese firm executing the contract only after the presentation of duly certified proof of work by the Federal Ministry of Transport, based on the agreed milestones.

Chinese government loans in Africa, are NEVER given as cash to any country or government, also 99.9% of the contractors are Chinese with all raw materials imported from China. In a country like Nigeria where illiterates reign supreme, stories like Chinese loans diversion are repeated by the very ones, that know its not true.

Whynotthetruth:
Self delusion is the greatest of your problem...

Instead of begging him to keep you company...you want him to abandon you to suffer in my hand alone...

Have you reported me to your father?...Insecure imbecilic ediot

I like that quote.

The great enemy of the truth is very often not the lie, deliberate, contrived and dishonest, but the myth, persistent, persuasive and unrealistic.

John F. Kennedy

Mogidi:
Bros that "woman" revealed sometime ago that her mum is Yoruba. Some of these nitwits become SS when it suits them. There's also another girl that used to eulogize Tinubu but would never be seen in any Edo state topic, yet her username is Edogirl. On one hand she proudly displays "Edo" in her name but then refuses to come near Edo matters, who do they think they're fooling?

99% of these sai chanters are google based Niger deltans. I blame the internet and the search engines content providers.

Mogidi:
Who are your SS people? How many SS people here agree with the vitriol that continuously emanate from nitwits like you.

Thanks for this comment.

Buhari orders are for his sai chanters alone, when Shell, the Ogonis and NNPC resolve all the issues currently on the table, the cleaning process will begin. No government orders can change these facts.

>: the old days are back

Desric:
According to Amaechi, Wike's skills and talents are highly needed in Nollywood rather than in Rivers State Govt house. He is a good "acting" Governor.

All the sites of those pictures remains the same till date after huge sums of money has been paid to his political dubious contractors otherwise let him make public the amount of money that has been paid for those projects lets compare with the amount of work done.

200Million times, there s no perimeter whatsoever to compare Wike to Amaechi because they are not just in the same class. Rotimi Amaechi is and will continue to be Kilometers away from Wike in all aspects of Governance and Leadership.

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!" — Upton Sinclair

Is he going to be flown abroad for treatment again?

4Play:
If anything, news such as this justifies the election of Buhari as he, more than GEJ, is more likely to cut down on Govt corruption which proves more harmful at times like this. Govt corruption when oil is circa $100 p/b is less painful than when oil is $40 p/b.

The obvious flipside with Buhari is that he is unlikely to undertake those bold policy reforms which Nigeria requires such as subsidy removal, privatisation of Govt assets and greater deregulation of Govt assets. Partly, because he doesn't strike one as a deep thinker who understands what it takes to generate vibrant economic growth. Also, partly because he possesses a sectionalist mindset that often clouds judgement as to what is in the national interest. For an example of the latter, I suspect his reluctance to remove subsidy may be due in part to this entailing higher pump prices in the North than the South.

You think corruption is the problem of this country? whoa, what is there to steal in this broke beyond reality country?

Increased pumping by OPEC as Chinese demand appears to be slackening could drive oil to the lowest prices since the peak of the financial crisis.

West Texas Intermediate crude futures skidded through the year's lows and looked set to break into the $30s-per-barrel range after the Organization of the Petroleum Exporting Countries admitted to more pumping and China devalued its currency, sending ripples through global markets.

Read More China's big bang dents global markets

"The familiar theme of oversupply and shaky demand is getting punctuated today," said Again Capital partner John Kilduff, who has expected WTI to aim for $30 per barrel. WTI futures for September fell more than 4 percent Tuesday and traded below $43.26 per barrel, the March 17 low.

Kilduff said, "$42.03 is going to be key. Then we'll be back to extrapolating back down to the low 30s from the financial crisis." The intraday low in 2015 was $42.03, also reached in March. Brent futures, meanwhile, were just below $49 per barrel.

Read More OPEC signals supply from rivals resistant to low prices

"Overall, I think this devaluation by the Chinese suggests maybe the slowdown in economic growth is greater than people anticipate, and that's where fear on the demand side is coming from and driving us lower," said Gene McGillian, analyst with Tradition Energy.



More
He said if oil breaks $42.03, the next target is in the upper $30s at about $36, and then $32. The question is how fast could oil spring back, if it does reach the lows set in 2008 and 2009 during the financial crisis.

"There's no positives on the supply side, and there's bearish fears on the demand side," McGillian said.

Read More Oil collapse couldn't come at worse time for industry

OPEC on Tuesday upped its forecast of oil supply from nonmember countries in 2015. Oil prices have been more unpredictable because of the unknown factors around the impact on U.S. shale production, a relatively new phenomenon.

Production increased by about 600,000 barrels a day in the U.S. this year and has been holding steady at about 9.4 million barrels for several months. Typically, the shock of falling prices shakes out producers that find it difficult to fund operations, but the U.S. industry has kept drilling.

Oil's collapse has been rapid and outpaced the predictions of most Wall Street forecasters. One factor has been that the weaker prices are taking longer to impact U.S. shale producers than previously thought. OPEC has also been pumping more than it has in several years, and reported a 2.87 million barrel a day global oversupply in the second quarter.

At the same time, OPEC said its production rose to a three-year high this summer. OPEC said it pumped 31.5 million barrels a day in July, up 100,000 barrels on higher output from Iraq, Saudi Arabia and Angola. OPEC also said global demand growth should pick up in 2015 by 90,000 barrels a day.

In its monthly report Tuesday, OPEC raised its forecast for non-OPEC supply this year by about 90,000 barrels per day. OPEC also raised its estimate of 2015 world oil demand growth by 90,000 bpd, but due to rising supply expected from other producers, demand for OPEC crude remains at 29.23 million barrels per day.

Saudi Arabia told OPEC that it trimmed output by 200,000 barrels a day to 10.36 million barrels in July, after a record high in June.

"That's more seasonal. They're using less crude for their own power generation," said Kilduff of the Saudi cut. "They're getting their lunch eaten a little by the Russians and Iraqis in Asia." Saudi Arabia has reportedly slipped into second place exporter to Japan after falling from the top spot in both China and India.

Meanwhile, Iran was reported to have raised its oil production to 2.86 million barrels a day, the highest level since sanctions against the country were strengthened in June 2012.

Iran is supposed to wait for congressional approval of the nuclear deal before it moves to return its oil exports to world markets, but Kilduff said Iran could move sooner. Iran has an estimated 40 million barrels of oil stored in tankers, and Kilduff expects Iran to be aggressive in selling it.

"Over 2 million barrels of their floating storage is already gone. They're going to ramp up markedly. They want market share," he said.

http://finance.yahoo.com/news/opec-just-kicked-oil-30s-

Gboliwe:
The broom carrying witches won't tell you kerosene is literally "out of stock" in Nigeria. I was broke some two weeks ago and said to buy 10ltrs of kero as against refilling my 12.5kg cylinder. I figured it was cheaper till I got my feet back. I travelled far and wide looking for this essential commodity, I didn't find. I was forced to "borrow" from another allocation to refill my gas. Few days later, it started selling for N180 a litre. That's how much we have fallen

This is the sad reality, yet the lying and pathetic sai chanters have all lost your tongue. Even petrol is a pain to buy.

benzics:
When they are out of words, they bring up irrelevant questions. I clearly stated the author of the post. And what need would the link do you?

I know the author, that was why I asked for a link. He is a regular on delta news room.

benzics:
THIS DUARANOMICS WILL RUIN BUSINESS AND OSTRACIZE NIGERIA YET AGAIN By Ena Ofugara

In 1984 Buhari changed the naira. That was what killed the naira tll today. Before then, you could fly to London and America with naira in your pocket and exchange it in London at your convenience. The naira I had in my pocket when I arrived the US was useless to me. I had to look for a Nigerian going home and give him to begin his "egbon" runs and airport bribes with it.

Indeed I said all these during campaigns. I stated that that singular exchange and refusal to honour foreign banks request to exchange the naira, made Nigeria never to be trusted. YES MONEY IS TRUST. It is not gold. It is mere paper. Any moves that changes its policy removes that trust and as something exchanged for goods, who will want a useless uncertain paper in exchange for a car or building material.

Today again, after years of a rather stable naira, our monolithic oil-based economy took a hit as the price of oil has fallen. The naira will fall too. And despite APC blaming Goodluck Jonathan....sorry..despite Nigerians blaming Goodluck Jonathan for a fall in the naira, and despite PDP spinning the narrative that Buhari is alseep hence the fall in the naira, the fact remains that stronger economies like Russia have had to devalue their currencies. All nations reliant on crude sales have their currencies losing value. The dollar is at its strongest for a long long while because America no longer needs the worlds oil.

Still business ought to go on. EACH NATION'S CURRENCY, LIKE WATER MUST SEEK ITS LEVEL. The dollar is the universal monetary unit and for global business, to be one with the world, its use is never restricted een in Russia and China. These countries tried it once during communism and they failed.

Buhari and his Dauranomics refuses to allow water to seek its level. I have shared all the almost criminal policies being implemented by the CBN and Buhara and his DAURA-NOMICS. I need not begin to enumerate the hardship this is causing. So having obtained a MASTERCARD with the understanding you can use your card globally as mastercard is used in all countries, having gone into obtaining the card under such understanding, knowing the latin phrase PACTA SUNT SERVANDA, (agreements must be kept), those who went and got mastercard will find the agrement BREACHED and their cards no longer of use abroad. Those who use Guaranty Trust bank will find that paying money into their account in Nigeria, they cannot withdraw it in dollars in the US. and yours truly was trying to open an account with them.

Now also the foreign companies who have outlined their modus operandi for the next one year....5 years even, will find the money policy changing again, just because Buhari is ashamed that he will devalue the naira.

The last big mumu...sorry the last leader to do such a thing was Abacha who idiotically....who emm who emmmm peged the naira to the dollar at 21 naira, thus allowing people like his son to go in central bank with 21 naira and leave with a dollar and sell that dollar for 148 naira. Mutiply that by a billion and calculate the profit. This "legal business" is perhaps one of the reasons Buhari said "abacha did not steal a kobo". The policies throw up terrible opportunities for the unscrupulous.

Now nobody says a country should not guard its currency and have a say over it. But must it be AT THE EXPENSE OF LOGIC AND BUSINESS?

Do feel free to add your voice

OP, do you have a link for this post?

" YES MONEY IS TRUST. It is not gold. It is mere paper. Any moves that changes its policy removes that trust and as something exchanged for goods, who will want a useless uncertain paper in exchange for a car or building material."


That said it all.

When I told people to discount the lies of APC and NNPC as regarding the refineries, some called me names. Your refineries are stuck in the 1980s, only an idiot will attempt to refine petrol in Nigeria. It is a business not a social welfare program.

Someone finally showed Buhari and his almajiris, the Nigerian balance sheet. Buhari, I agree with you, Nigeria is a very poor country, now educate your sai chanting slaves about this reality.

BEIJING (AP) -- China devalued its tightly controlled currency Tuesday following a slump in trade, allowing the yuan's biggest one-day decline in a decade. The central bank said it was trying to make the state-controlled exchange rate more market-oriented. In recent months, the yuan has strengthened along with the dollar, making Chinese exports more expensive and raising the risk of politically dangerous job losses in industries that employ tens of millions of workers.

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HOW IS CHINA'S CURRENCY SYSTEM DIFFERENT?

Beijing uses what it calls a "managed float." It allows the yuan's exchange rate to fluctuate within a band 2 percent above or below a point set by the People's Bank of China based on the previous day's trading. That allows the exchange rate to rise or fall in response to supply and demand but prevents wide swings that might hurt traders. This is different from other major currencies such as the U.S. dollar and the euro, which are freely traded. But most other countries also regulate exchange rates based on an "anchor currency" such as the dollar to prevent abrupt swings that might hurt their economies. In China's case, the United States and other major trading partners complain Beijing suppresses the yuan's value, giving its exporters an unfair price advantage and hurting foreign competitors.

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WHAT DID CHINA DO TO THE YUAN?

The People's Bank of China set a center point for Tuesday's trading that was 1.9 percent below Monday's level, and the biggest one-day change in a decade. The bank said that was part of reforms in its rate-setting system aimed at giving a bigger role to market forces. The bank said that starting Tuesday, its daily fixing of the center point for trading will take into account supply and demand as well as the previous day's exchange rate. On Tuesday, the yuan was allowed to fall 1.3 percent shortly after the start of trading and was down nearly 1.9 percent at midday. The central bank said market forces would be given a bigger role in the future, which leaves open the possibility of more declines.

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WHY DID CHINA DEVALUE?

The central bank said it took action because the yuan has been rising in value when market forces indicated it should have fallen. The yuan has been pushed up because its exchange rate is heavily influenced by the U.S. dollar, which also has risen. At the same time, currencies of other developing countries have fallen. This has hurt Chinese exporters by making their goods more expensive abroad. China's exports plunged by an unexpectedly wide margin of 8.3 percent in July.

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WILL DEVALUATION RAISE TENSIONS WITH THE U.S.?

Tuesday's change presents a dilemma for U.S. policymakers who have often accused China of manipulating the yuan for a trade advantage. A weaker yuan will make Chinese exports more competitive and might trigger complaints from U.S. manufacturers. But the central bank said it is trying to make the exchange-rate system more market-oriented — a step Washington has been pressing Beijing to take.

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WILL DEVALUATION HELP CHINA'S EXPORTERS?

Tuesday's decline of less than 2 percent against the U.S. dollar is modest compared with the swings in other major currencies. But every bit of relief from price pressures helps Chinese exporters, whose profit margins are paper-thin. The central bank said Tuesday's change was a one-time event. But its promise to give market forces a bigger role in setting exchange rates in future raised the possibility of further declines, which would relieve still more price pressure on exporters.

http://finance.yahoo.com/news/q-yuan-devaluation-means-china-055710786.html

Did you expect him to say any different, as Buhari once said, Abacha is not corrupt. I hope their almajiri slaves and sai masturbators are happy now.







“In the End, we will remember not the words of our enemies, but the silence of our friends.” – Dr. Martin Luther King