Atlwireles's Posts
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Symphony007:Jonathan was his own man, he was nobody's puppet. I cannot wait for the IMF discussion to begin with Buhari and the west. The Chinese have been snubbed and Nigeria will pay dearly for it. |
The Americans are not stupid That Picture with the chinese President is a major reason why washington went into overide to stop GEJ. |
Seamareggae:Almajiri, stay safe from suicide bombers. |
The Chamber of commerce through, The Corporate Council on Africa hosted Buhari in DC. Before you spew your nonsense about Jim Ovia, find out if he is a member of The Corporate Council on Africa. All the indians and Arabs at the dinner last night, who invited them? |
Seamareggae:Almajiri you have been seen, now piss off. |
Why $150B? you people should try $6000B always throwing out numbers without any fact to back them up. |
You can revoke all you want, fact is NNPC does not have the capacity to meet 60% of the local demand. The queues will remain as you people keep beating your chest about revocation. |
atlwireles: |
Lesson from this death, never confront a knife wielding man with your hands. Please carry a revolver. ![]() |
A divided country never succeeds. Turn the diversity of Nigeria to source of strength, Obama tells PMB. The Americans are only trying to stall the inevitable. Thank God Obama acknowledged the reality in Nigeria. |
“improved moral architecture.” another empty phrase take it or leave it, GEJ's foundation is solid and you have no choice but follow it. |
toyetade:Almajiri, you don't know the meaning of the word progress. |
Please give us the names of any executives in this picture Your paparazzi dullard is a joke. Mr Paul Hinks, a third world hustler and exxon's boss ![]() |
APC making the implosion of this landmass called Nigeria very easy. Oya start probing. |
Okowa wants to amend the bill to streamline the administrative cost of the agency, but he failed to carry the communities along. Unfortunately, that will not be possible in Delta state. I will advice him to drop this matter asap. This a political nuclear bomb in delta state, nobody messes with DESOPADEC. |
U.S. oil prices dipped below $50 a barrel Monday for the first time since April on continued concerns that global crude-oil supplies are overwhelming demand. Light, sweet crude for August delivery settled down 74 cents, or 1.5%, to $50.15 a barrel on the New York Mercantile Exchange, the lowest settlement since April 2, after slipping as low as $49.85 a barrel earlier in the session. The August contract expires at settlement Tuesday. The more-actively traded September contract closed down 77 cents, or 1.5%, to $50.44 a barrel. Brent, the global benchmark, fell 45 cents, or 0.8%, to $56.65 a barrel on ICE Futures Europe. After falling to near-six-year lows in March, oil prices rallied through April on expectations that cuts in U.S. oil drilling would lead to lower production. But prices have slid in recent weeks as output from the U.S. and other nations has stayed robust. While oil consumption has risen this year, many analysts say demand is insufficient to eat away at the global glut of crude and that a drop in output is also needed. Money managers, including hedge funds, cut their net bet on rising U.S. oil prices to the lowest point since March as of July 14, according to the Commodity Futures Trading Commission. “There’s a lot of crude around, period. That’s what’s underlying all of this,” said Elaine Levin, president of energy brokerage Powerhouse. “The market’s taking a more bearish view, and here we are chipping away at $50.” The recent Iranian nuclear deal added to concerns that more crude oil could be produced in the coming months. The oil market has also been sensitive to currency moves this year. A stronger dollar makes oil, which is priced in dollars, more expensive for foreign buyers. The WSJ Dollar Index recently traded up 0.1%. Other commodities, including gold and copper, also fell Monday. “The dollar strength is a big part of why we’re down here,” said Tony Headrick, an analyst at CHS Hedging LLC. But he said prices are unlikely to stay below $50 a barrel because of the strong growth in consumption: “I think people will be viewing it as a buying opportunity if prices get into the upper $40s.” Gasoline futures settled up 0.17 cent, or 0.1%, at $1.9303 a gallon. Diesel futures fell 0.57 cent, or 0.3%, to $1.6584 a gallon, the lowest settlement since Jan. 29. Write to Nicole Friedman at nicole.friedman@wsj.com http://www.wsj.com/articles/nymex-crude-biased-down-near-term-if-51-23-cap-holds |
Whynotthetruth: ![]() |
tbaba1234:Then tell us how much was spent from the reserve during Sanusi's tenure, in defense of the Naira. http://www.punchng.com/business/global-finance/the-logic-of-nairas-devaluation/ Lamido Sanusi spent $117bn allegedly on artificially keeping the naira stronger against Soludo’s $57bn. This made Sanusi the most neoliberal governor we have had. Who benefited from extravaganza more than western economies we imported finished goods from and their portfolio investors we benefited from strong naira that offered false stability and high interest rate arbitrage? |
tbaba1234:I bet you don't know CBN under Sanusi spent $117B defending the naira Are you trying to be naive with the question you are asking? |
okay, almajiri make una dey enjoy the change. |
jinxet2000:Your comment is correctly in support of the op. People are leaving the market, because they see no progress in the future. Remember the equity market direction is an indication of the economy's performance in months and years to come. It is the canary in the coal mine. |
Akanaz: sorry, but this topic is way above your paygrade. |
Those of you with cash can still profit from the current madness in the country's market. Please park your cash in treasury bills, Nigeria's stupidityy should not deprive you of solid profits. ![]() |
This is not news una neva understand. |
coolbis:The OP you replied, tried to explain in two or three comments above, yet some of you pretend not to understand. In 2010/2011 crude oil was almost $100 per barrel and the pump price was N65. Go and recalculate the cost of subsidy on PMS using these variables. ![]() |
When reality overtakes propaganda, Osun state happens. Spin and lies, never reality. |
mactoni91:Almajiri, you will soon learn, just stay safe from your boko haram brothers. |
mactoni91:I said Almajiris like you only learn from experience, if you like call yourself a cousin of Goodluck, that's your own problem. Tell your Dullard from daura to come arrest jonathan. You will quickly recollect your name. |
mactoni91:Almajiris like you only learn from experience, ask the Dullard from Duara to arrest Jonathan, you will find out why Orubebe kept quiet. ![]() |
mactoni91:Some of you, the very foolish ones will never know the miracle Jonathan performed on your behalf, by quieting all quarters of anger after the election. I understand your desire to see action and free flowing blood, tell buhari to arrest jonathan. Your wish will come true. |
We are waiting for his arrest. |
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always throwing out numbers without any fact to back them up.
Your paparazzi dullard is a joke. Mr Paul Hinks, a third world hustler and exxon's boss
Are you trying to be naive with the question you are asking?