₦airaland Forum

FarahAideed:
How the Bleep are we consuming 100 million litres of petrol a day ? something that was just 23 million litres under Jonathan?

The Buhari complex is clearly using subsidy yo bleed Nigeria dry

Elmaaq:
Na me make mistake, how do I go about getting a partial refund

HowGlorious:
AliExpress service does remove negative feedbacks like the way mod here remove our comments, not a guarantee

aminusodiq:
Hello bosses... Pls I ordered a wristwatch from aliexpress and it showed delivery successful few days ago and was waiting for the post office to call... When I check again.. I saw delivery failure.. Pls what's the problem cc ceaser anyone pls help

mboii:
Should I go for this please "but very more cheaper on Ali

Elmaaq:
I bought a phone, see me thanking my stars say I don see cheap phone, 8000mah, deca abi octa core, 48mp camera
Less than 80$ 12g 128g I rush buy am no mind high shipping fee
Phone don show everywhere don burst
Battery no dey reach 6hrs, phone don dey lag, camera rubbish
The mistake I made was I asked to return the phone
After the sending of proof gengen shipping fee to china 30k 18k last and the item might not get to the owner
Now the due date don expire
How do I get recompense for the crap

Bodmum:
I ordered an item from aliexpress earlier this month but its seems the item has been delivered to Brazil. This is my first time ordering from Ali, somebody should help me interpret these screenshots. It's like I got something wrong

Bodmum:
thanks but the problem is I don't know how to contact him

Ifeanyi4491:
Why is it that they don't shop power bank to Nigeria on aliexpress

This was said to have happened at Isoko South in Delta state. Following the wedding invitation that went viral on the social media, BBC decided to visit the venue of the wedding in order to have first hand view of the ceremony as well as confirm the news.

The wedding was in stages. The first being the payment of the bride price of the first wife following the payment of that of the second wive.

The video below shows more.

https://www.facebook.com/bbcnewspidgin/videos/254535693178968/?app=fbl

Dear God, let crude oil price fall to $44 per barrel

If you think this is a satire, then you are taking life too seriously. It is time to start thinking about unusual solutions to Nigeria’s unusual problems. There is no use following the regular route to address our irregular situation. For instance, conventional wisdom says Nigeria needs higher oil prices to address its cyclical budgetary woes caused by its over-reliance on the black gold. We are locked in a situation where high oil prices get us high and lower oil prices take us low. In the past, we were able to build fairly robust reserves and stabilise the naira whenever oil prices went high. Not anymore. A three-year high of $76 in July has not improved our fortune, all things considered.

Something unusual has been happening in recent times that many Nigerians are obviously unaware of or are not paying much attention to. As crude oil prices started going up, the naira started going down. Why? Higher oil prices did not amount to higher inflow of FX into the economy as you would expect. Instead, we have seen the exchange rate in both the official and unofficial markets go against the naira. Along the line, the Central Bank of Nigeria (CBN) announced that it would no longer fund bureaux de change (BDCs). Although funding BDCs has always been an anomaly on Nigeria’s long list of anomalies, not funding them tells us a bigger story of distress, so to say.

The trouble, as I see it, is that higher oil prices have hurt more than helped Nigeria in recent times. Gone are the days when we enjoyed more comfort when the prices headed for the skies. These days, the higher the price, the bigger the pain for the government and the citizens. Higher oil prices led to higher petrol prices and higher cost of living for Nigerians, with the impact manifesting in growing poverty. Outside the direct impact on Nigerians, we are also unable to produce the quantity of oil we used to because of the cut in quotas by OPEC+ in an attempt to shore up the prices. From the height of two million barrels per day, we are now constrained to 1.4mbpd or so. Do the math.

But here is the peculiarly Nigerian problem: as crude oil prices rise and the cost of petrol goes up and we continue to subsidise the product in order to, as we claim, “protect the poor”, even the little benefit we are earning from higher oil prices largely goes back into paying for the subsidy, according to the Nigerian National Petroleum Corporation (NNPC), which is now the sole importer of petrol. This administration came to power accusing previous governments of lying about subsidy, so it had to come up with its own terminology, “under-recovery”, in place of “subsidy”. But it is the same. It doesn’t matter if you say Saul or Paul: it is the same name. “Paul” in Greek is “Saul” in Hebrew.

NNPC, according to recent reports, has not remitted one dollar to the CBN since mid-April. Why? The corporation says most of the revenue from oil exports — from where Nigeria gets over 90 percent of its forex inflow — has been ploughed back into financing “under-recovery”. Let me put it this way: with crude oil going as high as $76, Nigeria did not benefit much because we had to spend the bulk of the gains to finance subsidy and keep petrol price at N162 per litre. NNPC says we are now consuming over 100 million litres per day. Last year, the Department of Petroleum Resources (DPR) put the figure at 38.2 million litres. Don’t ask how consumption tripled within one year. Please don’t.

There is a template answer to the question if you insist on asking: smuggling. Because of the price difference with our neighbours (they adjust their pump prices as crude prices change), our default assertion is that most of our imported petrol is smuggled out of the country via land borders. Petrol is about N373/litre in Republic of Benin and N630 in Cameroon. I do not dispute the role of smuggling in the burgeoning consumption figures, but I must allow myself to speculate that we can’t be rustling the difference between 38.2 million litres and 100 million litres out of the country every day. That is about 60 million daily. That comes to about 2,000 tankers crossing the borders daily.

I do not want to go into insinuations this early morning, so let us take the NNPC figures exactly as we have been served. But Alhaji Yusuf Lawal Othman, national president of the Nigerian Association of Road Transport Owners (NARTO), recently raised questions about the daily consumption figures. “The system needs to be reorganised,” he said. “I don’t see any reason why you have 200 filling stations in a local government that does not consume more than 45,000 litres. I also don’t see how the depot which normally does programming per day will programme quite a number of trucks to a local government which does not consume more 45,000 litres per day.” Not my words. Othman’s.

Mallam Mele Kyari, the group managing director of NNPC, gave us a pack of interesting data recently. Hear him out: “If we are to sell at the market today at current exchange rate, we will be selling the product at about N256 to a litre. What we sell today is N162, so the difference is at a cost to the nation… The difference comes back to as much as N140 billion to N150 billion cost to the country monthly. As long as the volume goes up, that money continues to increase and we have two sets of stress to face: stress of supply and stress of foreign exchange for the NNPC… There was a day we loaded out about 103 million litres of PMS across the depots.” He too is at a loss as I am.

I have, therefore, come up with what I think is a peaceful solution to the problem: by praying fervently that crude oil price should drop to $44 per barrel. Since Nigerians are not benefitting from rising oil prices, I now think we should start benefiting from low prices. Crazy? Maybe. But I will advance three reasons to support my prayers that the time has come for crude prices to plummet again. Someone will be tempted to ask: how did I arrive at $44? That was the price of crude oil as of September 2020 when petrol price was increased to N162 per litre. I will also be working with the exchange rate in the parallel market which was N450/$ at the time and N500/$ today.

Here we go. One, if oil goes back to $44, there would be no need for “under-recovery” again. In plain English, we would not be discussing subsidy. NNPC would not be giving us a subsidy bill of between N140 billion and N150 billion monthly. The recent meetings of the Federation Account Allocation Committee (FAAC) ended in tears as there was no enough money to share. The steady rise in oil prices did not come with a steady amount in the distributable pool because, as we have said already, NNPC said it had to first recover the cost of bringing the product into the country before sending the balance to the CBN for onward journey to the federation account. At $44, subsidy will be gone.

And this leads to my second prayer point, which may be contradictory and controversial — but I know what I am doing. With oil back at $44, you would expect me to say petrol should also go back to N145 as it was in September 2020. I wouldn’t say that for many reasons. One, transport operators are unlikely to pass the benefit to commuters, so it would be a waste of effort. Two, if we insist on using pricing to curb smuggling (since the thousands of security officials at the land borders cannot see the smugglers’ 2,000 trucks driving past them every day), our petrol will become more expensive than in neighbouring countries who use crude oil prices to determine their own pump prices.

In addition to curbing smuggling through pricing — an admission that our security agencies are too corrupt to tackle the smugglers — we can even start making money from the sale of petrol. How? At N162/litre with oil at $44, we have already moved from subsidy to tax. That means we are now taxing the consumption of petrol. That also means we would be making money from selling petrol rather than spending money to sell it! That is nothing new: that obtains in advanced countries. A litre of petrol is £1.3 (N735. in the UK, out of which 57.95 pence (or N323) is tax. The UK government levies 20 per cent VAT on every litre of petrol as well as on the duty. Just saying.

The third point on my prayer list is that if crude oil falls to $44, NNPC will have to start remitting more forex inflow from crude oil sale to the federation. There will be nothing like “under-recovery” again. There will be no talk about smuggling. There will be no subsidy bill of N150 billion per month. That can solve a lot of problems, the least being the ability of states to pay salaries again. The CBN will have to stop “printing money” (by creating loans) to intervene in the fiscal crisis ravaging the three tiers of government. That alone should allow the naira to breathe a little — with reduced pressure from inflation along with some oxygen support from more forex inflow from oil sale.

Is this a satire? I don’t even know again. My original intention was to point out the peculiar mess in our economic management and how a bad fortune in the oil markets may be a good thing for us, but I am now taking it more seriously than I intended. When an oil-rich country has to hope that crude prices will drop so that public finances and citizens’ welfare can improve, it tells us a lot. It tells us about the warped structure of the economy, about our warped management of the petroleum resources, and about how we are locked inside what looks like a vicious cycle that must be broken. So, seriously speaking, oil dropping to $44/barrel may be a good prayer point — at least for now.

ojeysky:
Am on the waitlist. The price will ultimately determine if it's worth it

mctfopt:
Bought the bike version so I can run around everywhere I like with the ban on motorcycles in most cities. Shipped it via sea. Arrived some months ago. Pretty impressed with it.

Tellemall:
Your first impression is what remains. I did not read the sermon above.

You claim you're married.

People would think you're a reasonable person, but you are so petty you even need to defend the pettiness of mocking an ex because she's not married and you are. That 6 years later you carry so much bitterness and have to gloat on a public forum so that people will join you to mock her is such a shame.

What is the point of men always pointing out that their ex is not married after years, if not to mock them, because society has placed so much emphasis on women getting married? Mr married for 6 years, you posted it to make a mockery of her, that was the smug effect you wanted to give off. If a lady jilts you, don't think any delays and misfortunes in her life are because you wanted her and she rejected you.

Tellemall:
Are you her God? Are you her destiny? Are you the only man in the world? Why can't you move on? Why must you mock her? What have you gained? Imagine if she were married to such a person who can carry such little things in his mind for years. She dodged a bullet.

Tellemall:
Hope what happened to her doesn't happen to any of yours, because karma is real. Sometimes you don't understand your actions until it is done to you.

Tellemall:
People must be rejoicing and posting about the bad things that happened to you so that they will feel good about themselves, the way you've done to her, if everyone is like you.

Gr8teejay:
Is your item a phone?

aieromon:
AE played me a fast one this morning.

I ordered for 2 items and was given Speedaf tracking numbers only for AE to combine my packages this morning and give me a Singapore Post tracking number.

Gherley:
I just checked this morning and saw that the seller agreed to refund the money. Thanks for the help friends.

aieromon:
Shipper - Cainiao Super Economy Global via Speedaf
Order date - 31 Jul
Despatched - 7 Aug
Arrival at IMPC Lagos - 10 Aug
Delivered at Address - 16 Aug

Order completed in 17 days

DOMINO001:
Good afternoon guys. I ordered some things on AE since May but I am yet to receive it. The one I ordered after this one has since arrived.

I have gone to Post office to check, no way. I have 11 days to open dispute or seek refund.
What's your advice please?

tpben:
Those guys called me to pick up my parcel over a month ago and I didn't go thinking they were scammers.

The parcel did not reach its final destination (address on the parcel) but I was called to come to my capital city for collection which was unusual.

I learnt about speedaf today and did a Google search and saw where I could track items on their website. Tracking the parcel, it SEEMS that they have returned it, stating the same reason that I rejected the the parcel.

earnvest:
The hardship observed on this thread is proving that going solar offers even more gains in the Nigerian context. Anyway we can get a poll of how many people here use solar to cook and what their induction/electric cooker power ratings are like (for newcomers who might be interested)?

DanHaske:
Killing of fulanis is norm in that part of the country, the media just doesn't report it. I've witnessed with my very eyes where a Fulani traveller was pulled out of a vehicle and lynched. Blood even spilled on me in the process. I have also witnessed second hand where fulanis boarded a vehicle to travel and the driver drove them to where his tribesmen were and they were burnt to death. Nobody reports it, as a matter of fact, they warn everyone not to post it on any media.

alstacs:
Not yet boss.
I leave it off intermittently since I asked here, been very busy but I've to sort that out this week sha. I can't stand looking at my panels waste away. Though the clouds have taken over the skies for some weeks now and it's not so bad

Olamak1:
I'll advice you to open dispute ASAP and request for a full or partial refund ,whichever Aliexpress would grand you. The seller should have opted to send you another watch in place of the broken one ,yet he doesn't want to take responsibility for that. That's why he's asking you to buy the replacement glass from another store. Aliexpress sellers can be tricky sometimes . So, don't be fooled. Open dispute right away and attach the pictures of the watch together with the broken glass as evidence ,and then request for a refund of your money.

Ebubemg:
Sellers using aliexpress standard shipping don't have a say on what shipping company will be use, that decision is up to aliexpress

aieromon:
Refund goes right back into the card.

solelymade:
They are just a lazy and nonchalant group of people, until there comes an efficient technical partner for Aliexpress, I'm sure they won't change. Later, when sales don't come and Govt is forced to sack them or sell them to a private hand, who inadvertently will have to sack many of them, they won't regret their actions.

See my order trail too, China to Nigeria was just 2 weeks and since then NPS hasn't moved an inch. I have been to the PO twice and my supervisor too has been there once because he doubted the order ever existed.

genius43:
This unregistered packages tracking usually ends once it gets to the airport. And usually takes longer than registered items to be delivered.

Be mindful of shipping methods when placing an order.

Lixusheng:
You will never get it. It didnt show lagos air.. it was discarded by impc workers. I have experienced many of such. The issue is that the nipost workers can really explain the problem to you because they are dumb

Adefowowe89:
Are you in Lagos?

BafanaBafana:
I blame the recent compulsory NIN registration for this. People could no longer buy sim cards, people whose sim was stolen could no longer get it back, business was so slow and most of their partners were loosing heavily

GIANTPLUSHUB:
You are very right. Old people that their phones got lost cannot easily retrieve the lines or buy new ones without the NIN and the process of getting the NIN is too stressful for these old people. Atimes, they will have to be on queue for long hours in which they might not even get it done that day, which means they will have to come back the next day which isn't guarantee again.

MTN To Sell Off Assets As Telco Intensifies Market Exit, Amid Subscriber Loss

In a bid to increase available liquidity, telecommunications company, MTN Group, is selling off assets, while also abandoning some to force out its market exit.

The network provider is set to generate about $747 million from the sale of its South African towers. According to the Chief Executive Officer of MTN, Ralph Mupita, bids have been received for the sale.

Part of the break up ongoing within MTN Group includes the separation of both the fintech and fiber units, with the former going separately by March, Bloomberg reported – while the fiber unit will standalone in the next two years.

In its market exit bid, MTN Group’s focus is on the Middle East, with Syria, Afghanistan, Yemen tabled on the exit options, and ignoring Ethiopia’s international operator license call.

Already, MTN has taken an unorthodox path in exiting Syria’s business environment, by abandoning its business due to regulatory demands in the country.

Meanwhile, in Nigeria, MTN continues to suffer data subscriber loss, with over 600,000 wiped off its customer base, and 473,495 users in its telephony service in July.

According to Ripples Nigeria analysis of industry data obtained from Nigerian Communications Commission, MTN is on a six-month run loss this year.

Governor Nasir El-Rufai of Kaduna state is in poor health condition, government house source has revealed. Report reaching our newsroom confirmed that he was flown abroad for treatment few days ago. His deputy Governor, Haj. Hadiza Balarabe who’s currently acting on his behalf yesterday received the Chief of Army Staff (COAS) General Yahaya Bello, who was in Kaduna state government house Wednesday on a working visit. Although the source did not know or disclosed the nature of his ailments, the Governor has been reportedly flown from the country of destination to another oversees due to seriousness of the disease. Contacted, the Media officer of the Governor Mall. ibrahim Musa could not respond as at the time of filling this report.