₦airaland Forum

dont8:
[size=14pt]Really, didn't know Buhari's history is an open book until now but, is that you TANiods are having memory lapse and can't read the 'open book' you just mentioned or you guys are just myopic in nature or just like to cry wail unnecessarily over trivial issues or what? [/size]

Akobata fulani, keep your triviality for your fellow almajiris

The Federal Government owes more than N2 trillion in due obligations, including N800 billion ($4 billion) in contractor arrears, N204 billion ($1 billion) in subsidy arrears, and N1 trillion ($5 billion) in JV cash call arrears, according to documents seen by BusinessDay.


I remember many of commentators on the Go and Die Osho lying thread about NNPC N8.1T crying over NNPC's withholding. I hope this JV cash arrears of $5B stands out to them. Also this $5B arrears is not correct, the IOCs say is almost 3 times this number.

Why are you people flashing back Buhari's history was open book, your twitter and Facebook posters decided to reinvent a new creature. You people must enjoy the change you sought, your Duara Dumdum will not disappoint.

He is now their new saint, how Nigerians pretend to forget their tormentors.

Nigerian equities tumbled the most since April 8 as Nigerian President Muhammadu Buhari, who took office at the end of May, delayed naming his cabinet.

The Nigerian Stock Exchange All Share Index declined for the first time in two days to wipe out this week’s advance as three shares fell for every one that gained. The gauge has dropped 8.2 percent since reaching its 2015 peak on April 2, the day after Buhari was declared the election winner.

Buhari, 72, who defeated Goodluck Jonathan in March elections, postponed naming his cabinet until September to drive out corruption before appointed ministers arrive to take their posts. The delay will disappoint investors expecting tighter fiscal policy, a devaluation of the local currency and a greater focus on tax collection after a drop in oil prices hammered Nigeria’s finances, Alan Cameron, an economist at Exotix Partners Ltd., said by phone from London.

“Investors are dissuaded by the fact that the present government have not given a direction for the economy,” David Adonri, chief executive officer of Lagos-based Lambeth Trust and Investment Co. Ltd., said by phone. “There is very low demand for equities. People are not buying, forcing stocks to sell lower.”
The index dropped 2 percent to 32,797.89 as of 2:15 p.m. in Lagos, the commercial capital. Neimeth International Pharmaceuticals Plc led losers, falling 7.9 percent, while Evans Medical Plc, dropped 5 percent to the lowest since February 2013. Seplat Petroleum Development Co. rose 4.1 percent to the highest since May 21.

http://www.bloomberg.com/news/articles/2015-07-01/nigerian-stocks-drop-most-in-12-weeks-as-buhari-delays-cabinet

Bloomberg was one of APC greatest supporters in the western media market, how quickly things turned sour for them.

PDP comments are too generous and polite to this government. Buhari and APC deserve no respect from any well meaning person.

I am waiting for NNPC to start refining crude , we're already in July, the promised timeline of the almajiri propagandist.

Mobile phone/voice penetration has increased to over 96 percent of the population, compared to 0.73 percent in 2001.

Just imagine if Nitel were the only service provider in Nigeria.

the 419 finally expired. Every man will reap what they sow.

Nigerian equities tumbled the most since April 8 as Nigerian President Muhammadu Buhari, who took office at the end of May, delayed naming his cabinet.

The Nigerian Stock Exchange All Share Index declined for the first time in two days to wipe out this week’s advance as three shares fell for every one that gained. The gauge has dropped 8.2 percent since reaching its 2015 peak on April 2, the day after Buhari was declared the election winner.

Buhari, 72, who defeated Goodluck Jonathan in March elections, postponed naming his cabinet until September to drive out corruption before appointed ministers arrive to take their posts. The delay will disappoint investors expecting tighter fiscal policy, a devaluation of the local currency and a greater focus on tax collection after a drop in oil prices hammered Nigeria’s finances, Alan Cameron, an economist at Exotix Partners Ltd., said by phone from London.

“Investors are dissuaded by the fact that the present government have not given a direction for the economy,” David Adonri, chief executive officer of Lagos-based Lambeth Trust and Investment Co. Ltd., said by phone. “There is very low demand for equities. People are not buying, forcing stocks to sell lower.”
The index dropped 2 percent to 32,797.89 as of 2:15 p.m. in Lagos, the commercial capital. Neimeth International Pharmaceuticals Plc led losers, falling 7.9 percent, while Evans Medical Plc, dropped 5 percent to the lowest since February 2013. Seplat Petroleum Development Co. rose 4.1 percent to the highest since May 21.

http://www.bloomberg.com/news/articles/2015-07-01/nigerian-stocks-drop-most-in-12-weeks-as-buhari-delays-cabinet

The first and second quarters are normally the low import receipts period, what will the Daura Dull :ard and his almajiris do, when imports pick up in the third and fourth quarters. Naira will most likely hit N300 to $1 this year.

The Nigerian naira plunged in informal trading on Wednesday as importers sought alternative sources for dollars after the central bank stopped foreign-currency funding for some imports.

The currency declined to 230 per dollar from 226 on Tuesday, Aminu Gwadabe, president of the Association of Bureaus de Change of Nigeria, said by phone from Lagos, the commercial capital. The currency traded at 215 per dollar last week before the new restrictions, he said.
In interbank trading, the naira advanced 0.1 percent to 198.85 naira per dollar at 12.05 p.m. in Lagos. The nation’s foreign-currency reserves have declined 16 percent this year to $29 billion.
The Central Bank of Nigeria listed 41 items, including rice, private jets, foreign securities and Indian incense, which couldn’t be funded in the interbank foreign-currency market or by the use of export proceeds in its bid to conserve external reserves and stabilize the exchange rate.
The restricted items account for as much as $6 billion of goods imported every quarter, according to Gwadabe. “The ban is putting pressure on naira on the streets,” he said.
Faced with a 45 percent plunge since last year’s peak in the price of oil, the source of two-thirds of government revenue, the central bank began imposing currency restrictions as pressure mounted on the naira. The Nigerian currency has weakened 18 percent against the dollar in the past year.

http://www.bloomberg.com/news/articles/2015-07-01/naira-crashes-on-parallel-market-after-nigeria-extends-curbs

Good one Mogidi, the Umbrella Party has never been stronger.

Jesusloveyou:
he said the one he receive is from the federation acc, or don't u know the diff btw federation acc and ECA?

The almajiri maggots, please ask Osho the colour of the money, let's start from there.

Nigeria’s four refineries to resume production in July

http://www.premiumtimesng.com/business/185402-nigerias-four-refineries-to-resume-production-in-july.html


I hope APC liars remember this headline.

Osho another sad example of the Nigerian politician, he probably has no clue what he is even talking about.

A party built on of distrust and treachery can be nothing but a home of maggots. APC will engage themselves in a free for all, the era of hired assassins is about to return.

NOI is prepared for the likes of Osho. Amaechi is not shouting anymore.

IlekeHD:
Wow omgggg woow that hurts.

Ok bytchhh.

akobata fulani, I said fuckoff.

IlekeHD:
Sounds so ignorant. Carry go?

Okay. Na your type think money dey grow on trees.

Your type thinks almajirisim is a trade, now fuckofff

No more GEJ to blame, imagine paying Nov salary in July

Some states wish they were Rivers. Wike please carry on. Allow the almajiris do their weeping here

[s]

chrisbaba1:
[size=1pt]If you have schooled with this boys you will praise what the government just did. These boys are the lavish spenders in the universities that even Arab students from rich families actually can be compared to, they are also loud and give Nigerians a bad name because of their uncultured ways, its a waste of national resources sending that amount of people to universities in the UK; These boys have nothing to show for it, many cant even construct an English statement without grave error. its better we spend the money on willing and intelligent graduates who will represent us properly than spoilt brats of the GEJ era.Get them transcripts to continue their education in Nigeria. if they refuse, Let them do their worst if they may[/size]

[/s]

Congenital liar

Mogidi:
I hope so bros.

As of now, this news is not correct. But things might change tomorrow, nevertheless we're prepared.

Read the comments of the one Nigeria crowd, wishing all kinds of ills on Niger delta students Make una no vex, paying for amnesty 10 times over is cheaper than the alternative. Your Daura President is welcome to see what's on the other side.

Mogidi:
When they stop paying ya fees its time to stop the oil flow.

Mogidi, the story is not correct The Daura President will not be penny wise pound foolish.

Mogidi:
Anyway lets see.

Dickson started well with his restoration mantra, but he became sidetracked with the politics of revenge. Still, we should learn from our losses in the North central. States that politically and Naturally PDP states have APC representation today.

Mogidi:
Considering the allocation he gets, am disappointed at his performance.
I remember when GEJ visited Bayelsa during his campaign, Dickson was booed by those at the stadium.
With Dickson or without Dickson, PDP would still win Bayelsa.

If Dickson leaves the Party, the election becomes very complicated for PDP. PDP is strong in the state, but there is need for us to take calculated risk. Substituting Dickson would open doors that are currently closed.

Mogidi:
His popularity stems from the fact he controls party and state machinery of publicity, take that from him and he's a nobody. Bayelsa is a PDP state, the goodwill of Bayelsians shouldn't be taken for granted, PDP in Bayelsa would short change their people if Dickson remains their candidate.

Bayelsa's politics is way too complex, too many knives. I don't think there is anyway Dickson can be substituted, without PDP and APC loosing the state.

marv1:
Its only dullards that reason like u. Is 90days of winning election same as 30 days in office? No wonder people like u claimed 16 is greater than 19, 7 is greater than 19.

I can see why your primary six, 419 major general, with his future tense certificate, remain stuck in the marsh lands of Lokoja. Almajiris and akobatas like you, are not helping him Tell your Daura President to get on with business.

"You will expose", let us know when you do.

chrismex:
you are the moronic edoit what is the meaning of generated is like you went to night school at otuoke 8.1tr is the income go back and read the page again.

Almajiri, you have been seen, now try the next moniker.