₦airaland Forum

SonofDevil:
Willie is working

$million ugu exportation no be beans,

That's a road leading to a State capital looking like a slum,brown roof scattered everywhere.
The developers of Lagos,ogun,abuja,portharcourt and kano land looking like a dungeon

Progressive01:
Even though it is just a rumour according to the op, the traders from the Republic of Ugwu are mad upset and envious already.

I doubt it will but fervently pray this comes to pass. Would love to see the reaction of the inconsolable Wailers.

Perpetually bitter losers.

seunmsg:
I smell i[b]poo[/b]bs everywhere!

Our friends from Uganda are already running riot on the thread. Their day is not complete without long Drinking after Lagos. They even created a mysterious and faceless hon. Abubakar as a convenient cover. Never knew obsession with Lagos can make people conjure up silly thoughts such as what I am reading here.

YonkijiSappo:
It is usually a measure of how much disposable income people have.
You must be financially buoyant enough, and have everything you need before you start thinking of buying more expensive stuff. That is the kind of shopping in places like Urban London, Swiss markets, etc.
It isn't meant for paupers and people living from hand to mouth

ridwanayo:
chai Igbos as usual,wait till nigeria divide,lagos has already joined oduduwa states,keep claimin it as ur fathers property,u wud remain 2nd class citizens in lagos no Matter what,don't go nd develop ur palm tree roof republic,keep bitchingggg bout lagos,no wonder ojukwu wanted to attack ore just to take lagos.even kwara wud remain dominated by yoruba,only ilorin has emir,other town there has oba's.yeye folw oloripelebe oshi

Speeddial:
Mr Man are you high on something? For your information, I'm a Niger Deltan, and we are not Biafrans.

Idiot.

Former President Olusegun Obasanjo on Tuesday lamented the continued threats of disintegration resulting from the activities of armed groups in the different regions of the country.
Mr. Obasanjo said Nigeria has never been as divided in history, except for the country’s civil war period between 1967 and 1970.
He spoke at the maiden edition of the Nigeria Union of Journalists’ national summit held at Olusegun Obasanjo Presidential Library, Abeokuta.
The former president, who was represented by Peter Okebukola, a professor, said the media should not fan the embers of disunity but rather take the lead in the marching towards greater national integration and development.
He criticised those calling for the breakup of Nigeria, lamenting that the activities of the Niger-Delta Avengers, Boko Haram and Fulani herdsmen had fractured the country.
“At no time in our history, except probably during the civil war, has Nigeria been so fractured in the feeling of oneness and belongingness by the citizenry,” he noted.
“In the last four months, we have an average of twenty hotspots across the country with huge potential for national disintegration.”
He urged the media to support the efforts of government in fighting internal security challenges.

“The press should mobilise the masses to strengthen the democratic process and play a crucial role in promoting a culture of tolerance, non-violence and mutual co-existence,” he said.
“For me, this Summit will only be successful if we find a niche for the press in our march to ensuring greater national cohesion, especially at this time in our history,” he said.
“Our strength as a nation lies in our unity and national cohesion and I want to entreat you (the media) to begin to preach the gospel of unity in diversity and unity of purpose and cohesion.”
Mr. Obasanjo also charged the Nigerian media to pay close attention to investigative journalism, as most news headlines lacked credibility and were based on rumours.
“It is unacceptable that a number of media organisations place low premium on investigative journalism,” he said. “These days, many news items that are used as headlines lack credibility and are based on rumours.”
The Ogun State Governor, Ibikunle Amosun, while declaring open the conference, said it was important for journalists as professionals to always be on guard against forces to take advantage of their power for selfish interest.
“It is imperative that journalists as professionals should always be on their guard against forces that seek to take advantage of the formidable power of the profession for their selfish ends,” said Mr. Amosun.
In his own remarks, Minister of Interior, Bello Dambazau, noted that the power and significance of the media rest on their role of watchdog, stressing that the media through their reports help Nigerians in making informed decisions.
“The media must adhere to the ethics of the profession,” he said. “Where the media is unbiased and balanced in their reports, the people will be well informed to make informed decisions.”

AntiIPOOP:
All hail NDA- Flatheàds

Oya lets suffer it together, abi the suffering not dey reach una area ni? Morons

kindnyce:
NO OP
ITS UGANDANS THAT ARE BASHING THE NA..
NOW TEL ME,WHAT IS WRONG IN THE ARMY TRYING TO GET CREDIBLE INFO FROM AHMED SALKIDA?
That fella clearly has ties with BH.
HE MUST BE INVESTIGATED

India and the United States have slashed their imports of Nigerian crude oil by 43 per cent and 53 per cent, respectively, translating to a loss of at least N88bn in earnings, the latest report from the Nigerian National Petroleum Corporation has shown.

India, which became the single largest buyer of Nigerian crude in 2013 after the US, reduced its imports from Nigeria in May this year as it bought 7.74 million barrels, down from 13.51 million barrels in April; 12.51 million barrels in March and 12.70 million barrels in February.

The Asian country had in January imported 16.29 million barrels of Nigerian crude, its highest monthly level this year, the NNPC data showed.



The US, whose imports of Nigerian crude rose by 577.8 per cent in the first quarter of this year compared to the same period of 2015, reduced its import by 5.77 million barrels in May from 10.13 million barrels in the previous month.

In February, the US bought as much as 12.12 million barrels from Nigeria, making it the second largest buyer of the country’s crude after India.

Using a conservative price of $40 per barrel and N197/$ official exchange rate in May, the decrease of 11.14 million barrels in the two countries’ imports of Nigerian crude amounts to N87.9bn.

Global benchmark, Brent crude, had on May 26 hit $50 for the first time in 2016.

The Editorial Director, European and African Oil, Platts, Joel Hanley, in an interview with our correspondent on the sidelines of the Platts’ Lagos Oil Forum, said India “can go anywhere else to buy if the price is right.”

He, however, said, “Nigeria has priced itself to a level where it has regular buyers in India; obviously, there is investment from India that helps that flow. I will say that it is a buyer’s market. India, China and every other buyer have their pick of the grades these days, and that is why differentials are so low. They can pick and choose whatever they want.

“I think right now in this kind of environment, it is about securing a good relationship and a good, reliable trade flow. Trust is so important. And I think if India and Nigeria can focus on that relationship, there shouldn’t be too much threat to that.

“However, if someone comes in at a cheaper price, then I don’t know how long the Indians will stick around because, they, like everyone else, have money to make.”

Three of Nigerian oil grades, Forcados, Qua Iboe and Brass River – have in the past three months been under force majeure – a legal clause that allows companies to cancel or delay deliveries due to unforeseen circumstances.

The PUNCH had recently reported that a number of India-owned refiners have been actively picking up Malaysian oil cargoes for loading in July and August amid growing uncertainty over the exports of Nigeria’s crude grades, according to regional sweet crude traders.

Following the spate of production disruptions largely caused by the recent surge in militant attacks on oil infrastructure in the Niger Delta that cut the nation’s output to the lowest in almost three decades, exports of the commodity from the country have continued to take a serious beating.

Nigeria relies heavily on earning from oil exports, and the recent production disruptions came as an additional headache for an economy that already suffers from the sharp drop in oil prices since 2014.

Weak demand for Nigerian crude oil has caused the number of ships without cargoes to rise to levels not seen in recent times.

As a result, the cost of sending crude oil cargoes from West Africa to Northwest Europe on Suezmaxes has dropped to the lowest level in over 14 years, Platts data has shown.

The continued force majeure on the three grades has substantially reduced the demand for Suezmaxes in the region in recent months, and caused WAF tonnage list to swell to levels rarely seen by veteran market participants.

Suezmaxes are medium to large-sized ships with a deadweight tonnage between 120,000 and 200,000. They are the largest marine vessels that meet the restrictions of the Suez Canal, and are capable of transiting the canal in a laden condition.

According to one shipbroker’s position list, there were 32 ships available prior to the start of the current fixing window, versus a three-month average of 14.8 ships. There were also 29 ships free of cargo, which could make WAF fixing window.

The number of ships means that each cargo that is shown to multiple owners attracts multiple offers and allows charterers to drive freight rates downwards.

LORDOFTHEOSU:
This one don come again

wetin go pain person inside the sensible thing wey that guy i quoted talk?

Rather, i'm very elated that a [b]Yoruba hater [/b]actually read through a letter written by a Yoruba man and he was able to respond very intelligently to it. I'm actually celebrating here

omenka:
They've got about 8 variants of my moniker right now. Epileptic lot who can hardly think on their own.

LORDOFTHEOSU:
I'm also not in love with OSUs and ugwu hawkers but i must applaud your patience to read through that piece and your ability to comprehend what Tinubu tried to pass across. That's something to celebrate in a wailing Zombie that's obsessed with omenka obviously (judging from your moniker)

You're not an ondo indigene neither are you the eze ndi igbo that was flogged in akure so common sense should advise you not to dabble into what you know little or nothing about

omenka:
Look at those urchins around here who applaud their criminal acts and go look at the folks criticising Buhari over the state of the economy.

When you place those guys side by side an empty barrel, you can hardly tell both objects apart.

cheruv:
I didn't see this analysis whenever Northerners rave over a cartoon in Danmark or like when Agbahime was decapitated in Kano some months ago


Stinking hypocrisy!!!