₦airaland Forum

The guy refrenced more to physical attribute than character.Physical attribute can be unconsiously negotiated when character Is in place.Like, she is not too beautiful and curvy but she has an awesome personality, he may not be tall and very handsome but he has integrity and is so sweet to relate with. Marrying a girl or guy with bad character means sadness and frustration in marriage. Like Pst Adeboye said when you marry a good woman, your heaven on earth has started but if you marry a bad woman, your hell on earth has started. The bottom line is that character cant be compromised unlike physical attribute and in most cases no one has it all like "funny bone" said in one of his comedy skit.

I know we have our issues here in Nigeria but I wont tolerate the use of denigrative words on our president past or present.
What a thrashy and relevance seeking idoits called economist. I follow global news papers but didnt even know the economist existed.

The heart of man is deep and desperately wicked. Who can know it.

engrkaz:
Toronto Canada car theft gang was black a.xe.....Europe sex slave drivers are Eiye boys......These guys have completely finished this country..

These idiots have exported their criminality to Europe and Canada.These are the idiots that give Nigerians in diaspora a bad name and contribute in making it difficult for genuine folks to get visas into these places.I hope the Police in Canada and Europe expires them.Bunch of Morons.

Somebody needs to read this

The pharisees and saducees wont see this laudable stride by Bishop David Oyedepo and commend this noble scheme but if its to run their rubbish mouth and poverty infested mentality to speak against Bishop and malign him, they would be happy to do so.

PaulJohn1:
You could have said what was applicable to you without calling one a liar. You were never there with me, which makes you not to be in the position to tell if I was lying or not. However, what I said wasn't a lie. I couldn't make that particular transaction because I didn't have the extra 15€ requested that day.

I am not sure I can agree with you, but I know that transfer and withdrawal of funds within banks in the EU dont carry any extra charge either to receive or withdraw.I've been there so I don't know what you are talking about.

Governing by propaganda and lies unlimited.What a useless party called APC.

PaulJohn1:
I seriously wonder why a lot of people are blaming the government for this act.
Too many awoof things in Nigeria believe me.

I wanted to deposit money into someone's account here in Deutschland (a local account) , but because I'm not a customer of the bank, I was told I'll pay 15€...
Bank here charge 5€ on accounts every month. This is a country with good economy.

Nigerians should understand that we can't expect anything good from government if we don't pay tax.

You are a blantant liar.Money was deposited into my account from another bank in Germany 2 weeks ago and neither I or the sender was charged any money. Dont bring falsified lies to support Buharis fradulent policy.

Exmay:
Please Nairalanders in the financial and legal sectors kindly contribute.

Is this Legal?
Is it Obtainable in the western world?

if the answer to these questions is affirmative, then i see no reason to cry foul. however, if otherwise, i see a turbulent future for the FG.

In Europe when you transfer money from bank to bank, there are no single charges but the criminal system in Nigeria wants to loot the masses dry.When a Duladinho is in charge who cant think, ripping the masses is seen as a good option.

OAUTemitayo:
Very sensible.
Oil price is going down and we need to up our revenue moves

Is it by taking money from the poor masses to up revenue so polithieveshans can loot again.Why dont the National assembly cut the operating cost also by way of reducing their high salaries and drop the buying of new cars they don't need.
what nonsense!!!

Skywalker5:
Wow. USA is really flexing their power gan. see as they are crippling countries with this their shale oil. Now they now allowed IRAN to start selling thiers. This is what i call power

The US shale oil is currently out of business because at the current oil price they cant produce profitably.Many oil rigs are packed up in the US.

EbirichBen:
The gods are really angry with this Apc Government.

why the downward movement of everything

Because it was founded on lies and propaganda. Its that simple. You cant lie your way up and not expect consequences.

MansaMoussa:
Nonsense!
We can boost the domestic market in Africa For our oil.
Secure a low interest loan from China and build a west Africa gas pipeline extending all the way to Gambia...then sell at rock bottom price, govt to govt..
Russia did it in Europe...we can do it

We Already have a West Africa Gas Pipeline (WAGP) network. it supplies gas to Ghana, we only need to extend it to other countries.

ShowYourCertificate:
Yes. It also means our clueless Buhari should stop wasting our money searching for crude oil in Lake Chad. This is the time Buhari needs to sharpen his economics skills. Maybe he can enroll for O'Level Economics in this oncoming WASSCE

Are you sure its not too late for him at age 73.Lol!!!!
Well If Obasanjo can bag M.Sc at 78 its not too late for Buhari to enroll.

majekdom2:
why wish for a crisis. OPEC is as weak as what I don't know. Already they are doing more than their quota. Isn't it common sense to have reduced production all these months. That's what you get from an Arab and african organisation.

If the members continue producing more than their quota, I believe that it would reach a point when its no longer profitable to produce and export, then production and supply would stop, this would certainly affect oil price as it would likely go up.
I think we are getting there.It would be the tipping point, but the issue is the cost of producing crude oil differs among OPEC members. For instance its cheaper to produce crude oil in the middle east when compared to Nigeria or Angola.

tempest01:
The problem now is if you cut supply, another country wins your market. And that doesn't drive the price up since there was an oversupply.



It would have been better if our refineries were working and we were am exporter of refined products, we would have refined locally for our consumption, and exported for forex

No OPEC producer is willing to risk losing its market share.
Exactly, working refineries would have helped us manage the situation better.

babyfaceafrica:
I agree with you...oil will still rise later,so a good business man will buy naw

I wished I had a little more $$$, I wont have minded investing or partnering with a like minded investor to buy off an oil bloc at this period..
Nevertheless, I must own an oil bloc in this life by Gods grace.

googlepikin:
how about the crisis buhari is creating in the SE and SS will that help the oil industry?

The SE is not recognised as having massive crude oil deposits. Buharis efforts to unconsiously destabilise the SS which host the Nations oil deposits will unavoidably have a negative impact on the Nation crude oil export but its impact on the global supply chain would be pretty insignificant considering that Nigeria supplies less than 15% of global crude oil demand.

If OPEC members can corporate and reduce production by 40% or say 35% or a little less, supply would reduce and the oil price would go up, but no member wants to lose its market share.So the situation continues.
Or alternatively if there is crisis in the middle east, the oil prices could bounce back but what would trigger the crisis?

Pavore9:
lt mean owning an oil bloc is no longer lucrative.

From a business perspective this might be the best time to buy off oil blocs at low prices from owners because oil exploration and production is no longer lucrative for now but we cant say for the future.

This is because economic sanctions have been lifted on Iran, the reality here is that they flood the market with millions of barrels of crude oil which has been in their reserves for long, creating a supply glut. This pushes the price to further lower levels possibly eventually $10 per barrel.
http://www.thisdaylive.com/articles/nigeria-faces-further-revenue-slump-as-iran-returns-to-oil-market/230652/#.Vp0SUA4DfbY.facebook

The implication is that all oil export dependent economies are affected negatively from Canada to Russia to Venezuela to Nigeria to Saudi Arabia to Angola. " Lo ba tan. It is finiseee".

Time for Buhari to remove his eyes from oil in the ND and diversify the economy urgently or encourage true fiscal federalism.

Crude production cost almost equals selling price!!!!

This is an uncertain period for the Nigerian economy due to the continuing fall in the price of crude oil, the nation’s main revenue earner, and projections for the petroleum industry are indeed grim, ’FEMI ASU writes

With crude oil trading around $30 per barrel in the international market from a peak of $114 in June 2014, production from Nigeria now faces a decline as some fields face an imminent shutdown if the low oil price persists.

Industry players say operating some of the fields in the country is becoming uneconomic, with the selling price of oil being driven down close to the production cost level.

The price of the Nigerian crude oil, Bonny Light, has fallen to $29.47 per barrel, according to the latest data obtained from the Central Bank of Nigeria.

“When oil price drops, we are all in serious trouble, because if the oil price and your unit operating cost are almost the same, it means that when you sell the oil, there is little profit or you are at a loss. Many companies are not far from there,” the Project Director for the Uquo gas field development, a joint venture project by Frontier Oil Limited and Seven Energy, Alhaji Abdullahi Bukar, told our correspondent.

“The unit technical cost of many of our producers is not far from $30 per barrel. So many companies are in trouble,” he added.

According to Bukar, the average production cost for many of the fields in the country is $24 to $25 per barrel.

“For some fields, the production cost is well above $25, maybe $28. For some fields, it is well below $20 and $25. Many of the older fields, which are mostly with the International Oil Companies, have got high production costs,” he said.

Global financial services firm, Morgan Stanley, on Monday joined banks such as Goldman Sachs, City Group and Bank of America Merrill Lynch, in warning that prices could slide to $20 per barrel.

Bukar said, “The production in Nigeria is going to suffer. In the last five years, we have not invested as much as we should to develop additional reserves. Once, we keep going like that, whether there is price change or not, the amount of oil Nigeria is going to be producing will go down.

“When the price drops as low as $20-$30 range, people who have got those old fields or fields where oil production cost is above the selling price will shut them down. There is no point in producing oil to sell at a loss.”

Nigeria, Africa’s top oil producer, relies on crude oil for most of its export earnings and government revenue. Oil production in the country has continued to hover between 1.9 million barrels per day and 2.3 million bpd in recent years.

President Muhammadu Buhari had projected crude oil production of 2.2 million bpd for this year’s budget, down from 2.2782 million bpd in the 2015 budget, with oil-related revenues expected to contribute N820bn.

Industry experts also say the continued decline in global oil prices would stall a number of deep-water projects in the country

An energy expert and Technical Director, Drilling Services, Template Design Limited, Mr. Bala Zakka, said with oil at $30 per barrel, the profits and projects, including Corporate Social Responsibility activities of many oil firms would be negatively affected.

“Major deep-water projects will be affected because they are very expensive. If oil continues to fall, a lot of exploration and drilling campaigns will reduce. A lot of marginal field operators will not be able to drill new wells. There is every possibility that companies will retrench to be able to stay afloat,” he said.

The Head, Energy Research, Ecobank Capital, Mr. Dolapo Oni, said, “Our production is really having issues, and I think it might be worse in 2016. Our production is likely to reduce this year.

“There are not as many fields likely to come on stream this year. Most companies just want to focus on their existing production. So, it is possible we won’t see as much new production come on stream to reverse the trend of decline in major fields we have. That might make production go down.”

Oil prices could reach as low as $10, Standard Chartered warned, stating, “Given that no fundamental relationship is currently driving the oil market towards any equilibrium, prices are being moved almost entirely by financial flows caused by fluctuations in other asset prices, including the dollar and equity markets.”

Wood Mackenzie, the energy consultancy firm, said in a report last week that since the oil price collapse in 2014, 68 major upstream projects containing 27 billion barrels of oil equivalent had been deferred.

This, it said, amounted to $380bn of capital expenditure deferred by total project spend in real terms.
High cost deep-water fields, particularly those in Angola, Nigeria and the Gulf of Mexico, requiring heavy upfront investment, account for more than half of that deferred production.

Source:http://www.punchng.com/nigerias-oil-fields-face-shutdown-amid-price-slump/

I need Dollars at a good rate.You transfer to my Foreign account, I transfer to you naira from my Gtbank acct.Who is in?

Bedwetting at the age of 30 is not normal.Your wifes problem is spiritual and can only be solved spiritually. She urgently needs devine intervention so you can enjoy your marriage with her.
Visit the nearest Winners Chapel closest to you, I am sure the God of Winners Chapel can deliver your wife.

If this situation is not managed properly or sensitively, it could end in a lose-lose situation for everybody involved.
Tompolo is a major stakeholder in the Niger delta scheme of things and based on his influence on politicians and the boys.Trying to witchunt him will certainly bring other unintended consequences, the oil prices are low, revenue is dwindling, Instead of the stupid Buhari led government to channel his scarce and dwindling energy and resources to more profitable and economic building ventures, he is busy pursuing and witchunting perceived oppositions.
OK let him continue, when people get tired with his failing government, the song would be different.
Like they say "what you tell someone going to market in the morning, is not the same thing he is told when he comes back in the evening"

I hope Gov Okowa would respond positively to this issue without fail or delay.

To solve the issue

Enact, implement and monitor policies or create environment to reduce demand for dollars

Urgently and deliberately increase exports of other commodities to increase dollars inflow

Encourage activities or ventures that bring dollars into Nigeria.

But how would this happen in a country that has always been plagued with leaders that lack foresight.

Flashh:
[color=#225484]The gold-digger herself. Where's her own car?

Sometimes I wonder what these female folks have to offer men apart from sexuality. [/color]

In most cases they offer nothing, just bunch of liabilities with the mentality of collect and grab as much from him, Thats the mentality of the average 9ja girl with the exception of very few of them

Duletion:
As someone who lives here i can tell you that you are very right. Black girls are trashy. This is what we get everyday from them in the UK. Rude, no manners and arrogant.

Funny thing is, white guys don't find black girls attractive and even black guys all want white girls. I often say, there's no place for the black girl in this world today and that's due to their ghetto attitudes

White girls are better to date.My friend in the US said the same thing about black 9ja girls, where I am, I also observe the same.The Op is so right.
Thats why I don't look at black girls twice here so as not to feed their useless egocentric nature. Team white girls all the way.

I have observed that quite a number of folks here are experts in criticising with nothing to offer in most cases. Very annoying to observe.
He gives, they complaint of the manner he gives he doesn't such folks would be the first to complain.
Such critics have not given out up to his level but have the gut to criticise someone who does.Please leave the young man alone.

Post Ballon D'or award.Lol

Ronaldo: Every goal was a hit from La liga to copa de la rey to Chiampions league.Yet no Ballon D'or award. Bleep that sh*it


Messi: Egbon Ronaldo if you want the award come and collect it.

Jantamanta kilanga Kabakaba Aye Jantamanta Kabakaba. Lol!!!!!


Messi All the way