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Politics / Re: Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market by chinchum(m): 1:32pm On Apr 11 |
Emeskhalifa:Cho Cho Cho, show workings. 1 Like 1 Share |
Science/Technology / Re: Lion Fights Back While Rivals Eat Him Alive by chinchum(m): 1:13pm On Apr 11 |
Starz825:ok then. |
Science/Technology / Re: Lion Fights Back While Rivals Eat Him Alive by chinchum(m): 12:35pm On Apr 11 |
It is from a movie. I saw this recently , Idris Elba was attacked by the lion and the other lions fought back the lion attacking him. All these Facebook content creators with clownish disposition sef. 1 Like 1 Share |
Celebrities / Re: Verydarkman Reportedly Buys A Range Rover To Celebrate Turning Thirty by chinchum(m): 10:48am On Apr 09 |
Balablue64:colorism and low self esteem. You have been conditioned to hate your dark skin and call it dirty. I see this stupidity a lot nowadays. Look at yourself in the mirror and be very ashamed of yourself for hating yourself. 9 Likes 1 Share |
Romance / Re: Lady Cries As Man Introduces Her To His Family, Ends Up Marrying Another Lady by chinchum(m): 12:26am On Apr 09 |
The girl in the invitation card and the video is the same person. 2 Likes 2 Shares |
Business / Re: Naira Continues Appreciating Against Dollar, Sell At ₦‎1,100 by chinchum(m): 8:21pm On Apr 08 |
advanceDNA:The word Improvement of naira vs USD is relative. If you decide to put a figure on the improvement and say a slide to 200naira per usd. It will be a combination of multiple factors. "Huge" export alone will also not improve naira to 200naira/usd and it is NOT a low hanging fruit at this time. There is a gestation period for "huge" export when you consider that Nigeria has a huge market of 200 million people. Nigeria has to drastically reduce export of Cocoa and increase export of chocolates and it won't happen overnight. We export lots of raw materials and it is necessary that is switched to refined products. The lowest hanging fruit for Naira at this time is drastic reduction of refined oil importation via Dangote refinery & other refineries like Portharcourt refinery e.t.c 2 Likes |
Business / Re: Naira Continues Appreciating Against Dollar, Sell At ₦‎1,100 by chinchum(m): 7:59pm On Apr 08 |
advanceDNA:Are you suggesting it is only until Nigeria increase exportation, naira can improve? A drastic cut in importation , all other variables being equal or with negligible change will improve naira. All sources I have see so far have quoted refined oil to be at least 30% of all importation to Nigeria. Dangote will have other by products of the refinery asides petrol. diesel . AGO and jet fuel that may be exported as well as the refinery increases to optimal production. For the forseeable future, at least next 1year, the total supply of petrol, diesel from the refinery will be used up by local demand since Dangote refinery will not be producing at 100% capacity yet. The diesel Dangote is currently selling to Nigerian refined oil marketers would have been imported using US dollars. 3 Likes |
Politics / Re: Boko Haram Kills Army Lieutenant, Six Others On Borno-Yobe Road by chinchum(m): 5:42pm On Apr 06 |
1 soldier was killed by BH, not the parallel drawn with Okuama 17 soldiers killed by community members 2 Likes |
Politics / Re: Apart From The Southwest, Where Else Is Tinubu’s Support Base? by chinchum(m): 3:51pm On Apr 06 |
Penguin2:no need to argue, the no support base rhetorics is not new, it was mentioned when he was not holding an elective post 1 year ago, we saw the 2023 presidential election outcome. As an incumbent president of 4 years, you will be alive to still repeat the same thing and expecting a different result. |
Politics / Re: Apart From The Southwest, Where Else Is Tinubu’s Support Base? by chinchum(m): 1:33pm On Apr 06 |
I heard this sermon the whole of 2022 and just before 2023 election. Someone said if elections are conducted today, alas presidential election is 3 years from now. Obidients will be useful objects in 2027, they will play a slightly different formation then. Tinubu is smart enough to unleash all the biggest dragon policies within 1 year. By May 2026, maybe this discussion should be revisited. 4 Likes |
Foreign Affairs / Re: Zimbabwe Drops 'battered' Dollar, Introduces Gold-backed 'ZIG' Currency by chinchum(m): 6:44pm On Apr 05 |
I thought obasanjo advised we contact Zimbabwe on how to combat inflation. Goody two shoes Baba. 36 Likes 3 Shares |
Politics / Re: What Was Nigeria Producing When A Dollar Was 200 by chinchum(m): 1:43am On Mar 30 |
emperor4love:not everyone cuts deal with bank or forged bank statements. It will surprise you that majority got the money. |
Politics / Re: What Was Nigeria Producing When A Dollar Was 200 by chinchum(m): 1:39am On Mar 30 |
teeytimi:I really can't place how you arrive at "no one spent $40,000 usd" . School fees are not cheap in UK, Canada, US , Germany e.t.c. international student tuition per session can be more than $15,000. Proof of funds is not cheap. When you then factor in dependants who are mostly minors you realise why the amount is not far fetched. Off course some people will spend less than that amount. |
Politics / Re: What Was Nigeria Producing When A Dollar Was 200 by chinchum(m): 5:59pm On Mar 29 |
emperor4love:well, many who left vis school route had to pay school fees, it is not cheap o, they took flight o and yes may go along with dependant(s), they paid visa fees, money to agents in some cases, took IELTS multiple times, showed at least some money in their bank account to prove to visa officers they could survive in new country 6 months to a year. |
Politics / Re: What Was Nigeria Producing When A Dollar Was 200 by chinchum(m): 5:49pm On Mar 29 |
mrvitalis:what is the lie? I listed at least 4 reasons, you are narrowing all of that to just trade balance?. We may have positive trade balance,, did we have negative trade balance in the prior years ? What was the relative degree of positivity or negativity in those trade balance in prior years? Check below: https://www.statista.com/statistics/383170/trade-balance-of-nigeria/#:~:text=Trade%20balance%20is%20the%20value,around%202.72%20billion%20U.S.%20dollars. |
Politics / Re: What Was Nigeria Producing When A Dollar Was 200 by chinchum(m): 5:43pm On Mar 29 |
teeytimi:The recent waves of Japa in the last 7 years is yet to yield appreciable remittance, it will yield at some point . There is a gestation period for most people who left to begin remit appreciably . It is at least 10 years for most people. If you spend 40,000usd to leave the country, when do you settle down enough to meet your basic needs in your new country and can then begin to remit hundreds of thousand dollars? Sending 100 dollars every month when you used 40,000usd is not bringing the ROI. There are Nigerians in Diaspora that left 15-50 yrs ago, many are accomplished enough to start building large homes , companies and remitting to families.The bulk of remittance are coming from those set of people. Youu will agree with me that rate of "Japa" increased a lot in the last 7 years., Most of this new set of japarians in the last 7 years are not self fulfilled in their country of origin to bring any tangible remittance beyond some few hundred and thousands, there may be very rare exceptions, they are close to negligible If you spend 40,000usd to leave Nigeria and start remitting 500usd monthly to Nigeria the moment you got in to the new country, how long will it take to remit 40,000usd? 7 years. Most recent japarians can't even remit 500usd monthly yet. |
Politics / Re: What Was Nigeria Producing When A Dollar Was 200 by chinchum(m): 5:01pm On Mar 29 |
Yourprick:The quest for dollar has increased exponentially and our dollar earnings has decreased due to reduced oil production. Nigeria was producing over 2.3 million barrels per day of oil to earn dollars at some point. Today it is barely 1.5 million bpd, an increase from about 1- 1.2million bpd some 6 months ago. The japa waves( one way emigration) in the last 7 years is also shooting up demand for the dollar. More people want to school abroad as well( most will not come back). An average individual leaving the country to a developed country spends 40,000usd . Those paying school fees may spend more than that. The sharp change in taste by low middle class and above for exotic equipments and materials has changed as well. The level at which every lady need to use expensive hair. The high end brand phones as well that are all imported. Even household appliances in many homes are no longer basic that are now imported. The population increase with no matching increase in production of goods and services . More money laundering by politicians keeping stolen money in foreign currency abroad or in their underground storage. These reasons and some others all contributed to what we have now. 17 Likes 1 Share |
Crime / Re: Young Boys High On Drugs, Wasting Lives In Zombie-like State (video) by chinchum(m): 2:37am On Mar 27 |
Prefrontal cortex is yet to fully develop, this sort of dangerous addiction will put them on a path of no return. |
Politics / Re: Nigeria Electricity Made Me Lose My Internship Yesterday by chinchum(m): 12:39pm On Mar 26 |
You have yourself to blame for the most part. If it was truly important, you will create a way, considering you were aware you had no alternative power source. In all you said, you did not state your alternative power source failed. If you want to be a true achiever, you must learn to be self critical and take destiny in to your hands and not blame "NEPA". 2 Likes |
Politics / Re: Terrorism: FG Invites Gumi For Questioning by chinchum(m): 5:54pm On Mar 25 |
Where is that Picture of Obi and Gumi again? |
Foreign Affairs / Re: Putin Wins Russia's Election With Staggering 87% Of Votes (Photos) by chinchum(m): 12:14am On Mar 18 |
Cindypresh:you must be kidding. APC card carrying members that are of voting age in all 57 local council development area of Lagos are over 200,000. It is this poor grasp and understanding of politics that make you think Obi can win a presidential election with Labour party when he is loudly absent in at least 12 of the 19 northern states. Nigeria's political landscape is beyond your immediate sphere and the small people you interact with daily. The political mood is skewed on major social media because of the Southern Nigeria youth vociferous voices and numbers with fancy english on X and instagram. Atiku was on the road to Aso rock till Obi emerged to capture his regular vote and the 5 PDP governors injected his presidency dream with a lethal poison. Lagos is covered so much by the media and pockets of skirmish and ballot box will be exaggerated, while failing to consider the fact the state has well over 10,000 polling units and if there are issues in 100 polling units , it is less than 1%. |
Sports / Re: Napoli Players Blame Osimhen For Champions League Exit by chinchum(m): 3:24pm On Mar 16 |
I don't believe this sensational news. However, he won Napoli a supposed penalty at the start of the second half against Barcelona, but referee refused to check VAR. 5 goals in 5 games since return from AFCON is no joke. Against Juventus , he won the crucial penalty, that he played and missed but was scored via rebound by his team mate leading to a dine minute winner. Anyone criticising him has a confirmation bias. |
Travel / Re: Gabriel Diya, Son & Daughter Drown In Swimming Pool In Spain - Inquest Hears by chinchum(m): 7:29am On Mar 16 |
Ginomel:I remember that day, but the most traumatic was the day after January 28, 2002; I witnessed hundreds of dead bodies laid on the floor at Oke AFA road, they were recovered from the canal. |
Politics / Re: FG Eases Access To Student Loan In New Bill Sent By President Tinubu To NASS by chinchum(m): 12:55am On Mar 16 |
Good one. This is part of my expectations for him when he assumed office on May 29. https://www.nairaland.com/7707328/what-expectations-tinubus-presidency#123442151 |
Sports / Re: African Games: Nigeria Maintains Second Position by chinchum(m): 5:37am On Mar 15 |
jamafa:actually 54 nations. More than half have not won a single medal. 1 Like |
Politics / Re: Generational Dissonance Or Prejudice? Seyi Tinubu And The Ignorance Of Abati by chinchum(m): 6:54pm On Mar 07 |
babeface3: https://www.reuters.com/article/idUSL20650909/ https://allafrica.com/stories/200307141109.html https://www.nairaland.com/196725/iyabo-obasanjo-wrestled-ogun-state |
Politics / Re: Navy Destroys Illegal Refinery In Ondo by chinchum(m): 5:22pm On Mar 07 |
Lumarstone:No wonder you are asking illegal refiners be licenced to destroy the country. Illegal refiners are not exploring oil , they steal crude oil by vandalisation of pipelines carrying crude oil . Should i then set up my own illegal refinery after all Government will provide me license? Do you understand the process of oil exploration ? |
Travel / Re: Passengers Scamper For Safety As Fire Break Out At Lagos Airport by chinchum(m): 4:54pm On Mar 07 |
SoNature:So in your warped mind, a country of roughly 200 million, someone will not die. Infact, less than a minute, at least someone dies in your state. |
Politics / Re: Generational Dissonance Or Prejudice? Seyi Tinubu And The Ignorance Of Abati by chinchum(m): 4:49pm On Mar 07 |
babeface3:maybe you just started following Nigeria's politics in 2015. Not only was he known, in fact Obasanjo,s son in law Mr Bello ( husband to Iyabo Obasanjo) was living in the villa. Obasanjo at one point had to order him to leave the Villa. |
Politics / Re: Navy Destroys Illegal Refinery In Ondo by chinchum(m): 4:35pm On Mar 07 |
Lumarstone:one question for you. How do illegal refiners get crude oil? |
Family / Re: Mum Rejects My Babe Cos She Is Not Fine by chinchum(m): 5:18am On Mar 07 |
sammymax: The boldened statement from you worries me about you going forward because it is your own physical assessment of the lady. I suspect you don't necessarily respect her if you have such damning assessment of her physical beauty. I am wondering what convenience you are truly enjoying in the last 3 years beyond the "peace of mind" you stated. Is she economically way buoyant than you? |
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