kodded:


One of GEJ achievements

Sadly a certain Baba Dogo Yaro will take all the glory

...so pathetic

Nigeria and other African countries will continue to be net importers of petroleum products despite the availability of functional and quasi-functional refineries, and plans to build more refineries on the continent, the Minister of Petroleum Resources, Mr. Diezani Alison-Madueke, has said.

According to her, plans to build more refineries in Angola, Uganda, Mozambique and Nigeria cannot change the situation.

Alison-Madueke spoke at the eight edition of the Oil, Trading and Logistics (African Downstream) Expo held in Lagos on Tuesday.

“Notwithstanding the possibility of building new refineries in Africa, including new projects in Angola (Sonaref refinery); Uganda (Uganda oil refinery); Mozambique (Nacala refinery); and Nigeria, among others, Africa will remain a net importer of petroleum products for at least 20 years to come,” she said.
She said, “In fact, there are only 24fuels refineries within the region, with a total refining capacity of 1.6 million barrels per day for a population that is close to a billion. Population growth means more energy consumption.

“However, the uncompetitive and inefficient nature of many of these refineries, combined with the difficulty in funding major upgrades, or new capacity, seem likely to keep the average utilisation at a low level in the short term.

“The implication of population growth for Africa is that demand for petroleum products will continue to be on the rise without commensurate refining capacity addition. There is an urgent need to encourage investors to partner with national oil companies or privately to build more refineries, and for us to be less dependent on imports.”

Alison-Madueke said heavy subsidy was an unsustainable expenditure even on the long term, as it generally promoted energy inefficiency and imprudent consumption.

Over the last 10 years, she said Nigeria had taken important steps towards a more deregulated downstream, adding that to provide a competitive market environment and sustain supply, the downstream sector should be fully deregulated.

Smilenw: Jesus Christ !!!

Kicking a heavily pregnant woman on her stomach??! As in seriously ? Is he mentally stable? How old is he ...1 2?? That man needs immediate psychiatric help before he is locked up in the jail. Imagine if this is what he does to his subordinates, what would his wife be going through at home?!

Having said that, the whole thing smells fishy..this man physically assualts staff and nobody has ever lodged a complaint against him? Are they drugged or what?

She endured his slaps and kicks from April and yet clung to this horrible job? Really? She goes home with a swollen face and hubby didn't notice it not even once? On top of that she has 2 of her siblings there in that firm who kept on watching/hearing about their pregnant Aunty being punched all these months without retaliating even once? Were they actually waiting for something to happen to her to speak up? How many of us would remain quiet like that for months in a similar scenario?? She says many saw her being kicked and still did not help her? Is that how heartless we have turned into? As if these things were not enough they waited for 5 good days to lodge a complain...what in the world were they waiting for, xmas??

My dear, many of these people you talk about see that Lebanese company as their last resort. Labour is cheap in Nigeria, he knows if he sack one, twenty will come next day. People need to be sensitized that nobody no matter highly placed can abuse your right.

Can you see now, foreigners have also see all the loopholes in our system, immigrant misbehaving in a lawless country. Some of these guys treat blacks like shit in their country. No firm labour law, everything is not working in my dear country. Winners take all. What makes Lebanese (Atohun rinwa) to be better than that woman that the hand of the law has not caught up with him because he has money. This woman need justice to serve as deterrent for foreigners that come to our country to better themselves but turn to demigod. I have heard how Indians, Chinese & Lebanese maltreat Nigerians in their companies, half of what they do to us you can't do in their country. Injury to one is injury to all.

Iyabo replied. Obasanjo exposed the bitter truth and the man helped made president decided to blackmail him? "If President Jonathan want to reply the letter my father wrote him, he should be man enough to reply direct. Why are they trying to make me a scape goat? I know my father very well and I don't question his judgement, I believe my father wrote his letter in the best interest of the nation. If Mr President disagree with some of the allegations in the letter, let him be man enough to talk directly to my father, he should stop involving me in an issue I know nothing about. "How can you write a letter to insult my father and claim I, the daughter is the source.If that is how Ijaw people insult their father, I am a Yoruba Woman; we respect our parent in all circumstances. Reacting to the fake letter against her father, Iyabo Obasanjo further stated that... "I have never seen or heard this sort of fabrication in my entire life!I, Iyabo Obasanjo, never contemplate writing a letter to my loving father. I speak with him almost on daily bases. Olusegun Aremu Obasanjo is the best father in the world. He gave birth to me, he raised me up and gave me the best of education. I wouldn't have achieved whatever I did without my father. In fact, WHO AM I WITHOUT MY FATHER? As a father he never disappoints his children in any way, he is a father anybody wish to have. "I, Iyabo Obasanjo, did not write any letter.Nigerians should please take note. The purported letter is a malicious lies intended to rubbish the good name of my family, when I get to the source of the letter, I will waste no time to take the necessary legal actions. "I love my father and I never disrespect him."

I wonder oh, I can't imagine such happening. I am confused.

A growing number of middle-class housewives secretly work as prostitutes, it has now been established. Although accurate statistics are hard to come by, we have evidence that some of these women are so successful at it that they have even invested and own shopping boutiques and apartments within the city.And you guessed right: their husbands don’t know what their wives do. The greedy ones do it for (more) money. But some do it to add thrill and adventure to dreary middle-class lives. We met with a married prostitute on Wednesday at 11.30am. We had spoken on phone previously and for obvious reasons, she wasn’t keen to talk to journalists. Eventually, she agreed to be interviewed. After waiting for ten minutes, she came driving a Toyota Saloon and, without getting out of the car, told us to follow her to a restaurant. She was polished, her spoken English flawless. “Listen, it’s not like I do something illegal or go out to the streets to wait for clients. Many women do it,” she began defensively. Rachel (not her real name) has been married for seven years and has two children, both male. She refuses to disclose their ages. “I have a husband that I love very much. He is a business man and he gave me some capital to start my own business,” she says. The business wasn’t doing very well and one of her regular clients, also married, was keen to sleep with her, so she jokingly suggested that he stocks her business. “He immediately sent me to his car to get his cheque book and wrote me a cheque for N75,000. He wanted to sleep with me in exchange and I saw no reason not to since we were both married and had to go home before midnight,” says Rachel. After that incident, she has never looked back. She dates rich married men, who fund her businesses. She now owns four shopping boutiques in various parts of town and says she is putting up rental. “There are a lot of rich men who would gladly pay to have my company for a few hours every day,” says Rachel. Her husband believes she has made all that money from her businesses. All her clothes shops have different secret partners who are her lovers. “They are partners but nothing is written down. I pleaded with them to give me the capital to fund the business. Some contribute a little but I doubt they want anything back,” says Rachel. The trick, she says, is to once in a while send the man N20,000 as his share of profits. “They laugh and tell me to plow it back into the business. Or when we meet, they even spend more on me. I am not a prostitute, I am just a business woman who never lets go of an opportunity,” says Rachel. Then she drops a bombshell: Nearly all her friends, who are married, also have other men paying them for sex. “I don’t know why people fool themselves. A woman who has children will do a lot of things to secure a bright future for her kids. Your wife will sleep with her boss for a promotion; she will sleep with another man to fund her business.” “It doesn’t mean she doesn’t love you. Actually, she loves you so much. That’s why she doesn’t want to pass financial burdens to you yet she wants a good life for her family. I have shares here and there. Some were gifts from previous lovers. I have the shops and I will not rest until my net worth comes to N200 million. I will do everything to get there,” says Rachel. Tellingly, although she claims to be worth a tidy sum, she walks out of our meeting leaving me with a N3,000 bill, even though all I took was water while she ate chicken and had a glass of wine. Rachel also referred us to another woman she calls her ‘godmother’ in the business. She owns an apartment and several flats in the city. Her ‘godmothers’ first block of flats was built for her more than a decade ago by a Caucasian male ‘client’ she met. Her husband died four years ago, and she still does prostitution on the side and has built more rental houses. Although we were given her contacts, she refused to meet us and stopped picking our calls.

AU will bleed pips this week.

natruetalk:

caution need to be exercise on those pair truly especially this time the news of USA shutdown. everybody including the BIG BOYS knows dollar should go bearish but the market may go other way to trap poor retail trader anyway jejely watching Gbp/usd around my zone as my chart already being preaching caution at 1.62 before this time

Technicals Show Room For More USD Weakness After The US Government Shutdown

Abiolamac: Eurusd, gbpusd and usdchf at key levels... Caution needed now.. Will this be trend continuation or major reversals?

More mountains to climb for EU bros. At every reversal behave like Ogboraph, hammer with bigger lot. Cheers. Up Gunners.

AU getting hot. Go for it guys.

OliverPin: Goodmorning... Bombshell thank you o.

Up Arsenal. Cheers buddy.

mayten30: and what signal are u seeing?buy or sell?

Buy brother but not now I need retracement. Always good to connect two lows.

Stalking USDCAD for a possible 300pips.