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Politics / Re: Top Sources Of Dollars In Nigeria by courage89(m): 11:21pm On Apr 09 |
Keep the good news coming 1 Like |
Business / Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by courage89(m): 6:23am On Apr 09 |
This is good 7 Likes 1 Share |
Politics / Re: $2.3bn Siemens Power Project Transformers, Substations Arrive Nigeria by courage89(m): 3:24pm On Apr 08 |
Devil is in the details, or implementation 1 Like |
Politics / Re: Rice Vessels Set To Berth At Nigerian Seaports As 57000 MT Of Corn Floods Lagos by courage89(m): 6:17pm On Apr 06 |
predictor1: The primary purpose of marketing boards is to ensure farming remains profitable. They fix and regulate pricing of specific products, to ensure farmers are not cheated by exporters, middlemen and other buyers. By fixing prices, farmers are protected throughout the year from losses due to volatility in the commodity markets. In the past, Nigeria has marketing boards for Cocoa in the southwest, cotton & groundnut in the north, palm oil in the southeast, marketing boards for rubber et.all. This strategy was responsible for the growth of our agriculture industry back in the days, also part of reason why our Naira was so strong. We can replicate similar strategy Obasanjo implemented when they brought all the regional boards to the center. Also, states can adopt their own marketing boards depending upon their individual competitive and comparative advantage. Just as simple as that |
Politics / Re: Rice Vessels Set To Berth At Nigerian Seaports As 57000 MT Of Corn Floods Lagos by courage89(m): 2:57pm On Apr 06 |
Government really needs to prioritize and bring marketing boards back. When you prioritize consistent profit pricing and offtake agreement between farmers and buyers, everybody wins. Farmers, governments, bankers, insurance companies, exporters and others. Guaranteed profitable business for farmers, less risky business model for banks, easier for them to price loan risk with less defaults. Increase in export products due to surplus harvest from farmers. Higher foreign exchange income for fx stability and other benefits. Government really need to prioritize this and bring it back. |
Politics / Re: Dangote Refinery Ships Naphtha To Asia And Fuel Oil To The United States by courage89(m): 12:48am On Apr 03 |
Does this mean that Dangote has no intention of producing petrol for Nigerian market? The naphtha that is supposed to be hydro treated, isomerized, reformed for petrol production is now being shipped to Asia and other parts of the world for petrochemical consumption. Is it that these units (Hydrotreater, Isomerization, Catalytic Reformer and the gasoline blending system) are not available, hence the reason why they are exporting Naphtha? What’s the holdup? When are these units going to be commissioned? How long are we going to continue to import petrol? Clarifications from the Dangote group will go a long way to shed more light around these grey areas. What’s the difference between this strategy of exporting Naphtha and exporting crude oil/ condensates? I hope government, NNPC are paying attention to their oversight function. 15 Likes 2 Shares |
Nairaland / General / Re: Money Or Wisdom, Which Is Better? by courage89(m): 7:40pm On Mar 28 |
People die chasing money, you will not hear of people dying while chasing wisdom. 2 Likes |
Politics / Re: "It is null and void": Edison Ehie Faults Rivers Assembly's Overriding Of Fubara by courage89(m): 7:07pm On Mar 23 |
Let’s see how this drama unfolds |
Politics / Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by courage89(m): 5:55pm On Mar 22 |
What’s government plan to recover all these outstanding debts? |
Education / Re: Senate Passes Student Loan Act 2024 by courage89(m): 4:10pm On Mar 20 |
This is good news. The first step in a long success journey is to know where you’re going, 2nd is to design how to get there and identify challenges that might arise along the way, 3rd is to start. I give kudos to the administration for the vision, for being receptive to public opinion to amend the initial draft, and for having the political will to start. More work still needs to be done to fine tune the design to ensure it is consistent, less corruptible, stand the test of time and becomes our culture/ way of life. Ensure accountability and transparency in the process of student selection, funds award, repayment process and planning and others. Hopefully, this will reduce the continuous strikes that pervades our educational system, and has made it difficult for our younger generations to get quality education. 10 Likes 3 Shares |
Politics / Re: ANY COUP IN NIGERIA’LL LEAD TO ARMED RESISTANCE IN SOUTH WEST — YORUBA COALITION by courage89(m): 3:32am On Mar 15 |
Interesting |
Politics / Re: FG Charges Miyetti Allah Leader With ‘unlawful Creation Of Ethnic Militia’ by courage89(m): 6:47pm On Mar 14 |
Nice 1 Like |
Agriculture / Re: FG Orders 10,000 Tractors, Signs €995 Million Financial Facility by courage89(m): 6:12am On Mar 12 |
This is nice. This is what our government should be spending money on, not funding importation of vehicles for senators and other government officials . Imagine if the government borrow money to fund deals like this. At least, over time this will pay great dividends. Kudos to the administration for doing this 8 Likes |
Politics / Re: Nigeria & Russia Signs Security & Trade Agreements In Moscow (Photos) by courage89(m): 9:33pm On Mar 08 |
I like this. This is how Nigerian foreign affairs, international diplomacy games should be played. No need to be loyal to any particular foreign country/ countries, only to be loyal to Nigerian interests at all times. I hope and pray this new move gravitates into a new trend for Nigeria and African diplomacy, where our negotiation is not one sided, but on the basis of our compounding needs. Kudos to the administration on this 25 Likes |
Politics / Re: Nigeria Set To Join BRICS, May Start Trading Crude Oil In Naira by courage89(m): 7:14pm On Mar 08 |
The question is, do we have the balls, what it takes to make that kind of decision without backlash? It’s a great decision that will attract sanction and possible alienation from US, UK and other developed nations. This is one of those decisions we need to make for the stabilization, growth of Nigeria. But, before we embark on such journey, there needs to be understanding of possible consequences of this action. Also, mitigation strategies to ensure we come out unscathed. 2 Likes |
Politics / Re: Billions Pour Into Nigeria As Tinubu’s Reforms Start To Pay Off - Bloomberg by courage89(m): 5:35pm On Mar 08 |
Bloomberg with its stupid headline. $1-3 billion is now considered pouring in? What is this hot money inflow costing Nigeria? How long will this money stay in Nigeria? What would happen when the finally returns to the owner? What would repatriations of such funds mean for Naira, inflation and our economy? Bloomberg through some speculators and their other handlers are trying to cajole us, make us believe the current monetary policy is right policy. And it’s already yielding results. I guess in due time we will find out impact these hot money will have on our economy. What impact will it have on Naira? Will it revalue naira or devalue it further? Would this tame inflation down to less than 21% as it is being predicted? Overall, what will it stabilize Nigerian economy and prepare it for growth? 3 Likes 1 Share |
Politics / Re: Interest Rate: Obaseki Blasts CBN, Warns Of Tougher Times Ahead by courage89(m): 11:47pm On Mar 04 |
Very nice |
Politics / Re: I Will Restructure Nigeria, But A Good Foundation Must Be Laid - Tinubu. by courage89(m): 11:57pm On Feb 29 |
We are watching |
Politics / Re: Shehu Sani Commends Military, Service Chiefs For "Improved Security" by courage89(m): 4:04pm On Feb 28 |
This is commendable |
Politics / Re: Ahmad Salihijo Ahmad: ZETSI Accuses Adebayo Adelabu Of Ignoring Complains by courage89(m): 7:58am On Feb 28 |
Interesting |
Politics / Re: Obaseki Reforms: We’ve Cultivated Over 2,000 Hectares Of Oil Palm, Now Exporting by courage89(m): 4:55am On Feb 28 |
This is commendable |
Politics / Re: Profile Of Aku Pauline Odinkemelu, Monetary Policy Committee (MPC) Member by courage89(m): 7:19pm On Feb 23 |
Nice |
Politics / Re: Tinubu’s Abrupt Subsidy Removal Caused Hardship – Sagay by courage89(m): 11:54pm On Feb 09 |
How? When some people are getting ready to hoard these foods for the next 3 generations. What happened to the recent subsidy interventions? What impact are they having on the economy? 6 Likes |
Politics / Re: Cardoso: $2.4bn FX Claims Not Valid, $2.3bn Settled, $2.2bn Outstanding by courage89(m): 3:35pm On Feb 05 |
Interesting |
Business / Re: CBN Orders Banks To Sell Excess Dollars In 24 Hours by courage89(m): 6:48pm On Feb 01 |
What’s the penalty for not adhering to the policy? What framework will the CBN use to measure compliance? And for how long? |
Politics / Re: The Galloping Naira V Dollar. My Opinion! by courage89(m): 5:27pm On Jan 31 |
Interesting |
Politics / Re: FG Approves 499 Licences For Buying And Selling Solid Minerals In 2023 by courage89(m): 4:46am On Jan 31 |
Nice 1 Like 1 Share |
Politics / Re: Nigeria And Our Relationship With The US And The West by courage89(m): 9:35pm On Jan 28 |
aribisala0: I agree with you, the west need Nigeria that’s weak on different fronts because they benefit on the long run. This is not limited to military base alone, on other areas like: our markets that remains dumping ground for goods and services, our currency that keeps depreciating everyday, our debt that keeps growing on a daily basis. Devaluation / weak currency leads to high inflationary economy. High inflationary economy leads to high interest rates/ high cost of funds for businesses and the economy. All these factors leads to a de-industrialized economy. A de-industrialized economy makes our economy to be a continuous dumping ground for goods and services from America and the West in it’s entirety. Can anybody explain (not speculate) why Naira continues on this downward trajectory when Nigeria continue to run surplus balance of payments. Why is it still on this downward trajectory when about 50% of our foreign exchange demand for petroleum products is going to be eliminated due to Dangote Refinery production. Nigeria needs to get its acts together in all ramifications, not only for Nigerians alone but for the entire African continent. A prosperous Nigeria will set the tone of what’s possible for other African nations to follow suit. We cannot continue to be a puppet of the west without tangible progress to show for it. |
Business / Re: Change Your Naira To USD. Dollar To Hit #1700 In Coming Days. by courage89(m): 1:23am On Jan 28 |
Beware of speculators… they want to profit at your expense 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by courage89(m): 8:20pm On Jan 19 |
BabsO2: I don’t know if this is good or bad for Nigerian economy. When hot money comes into Nigeria, Naira remains unchanged. When hot money leaves, it takes the whole market with it, with huge devaluation and high inflation in the process. Similar situation happened when JP Morgan pulled Nigeria out of their Emerging Market Bond Index in 2015, forcing a lot of hot money to pull out of Nigeria crippling our stock market in the process. How do we ensure hot money does not destroy our economy during difficult times? I hope CBN and other regulatory agencies are paying attention. 2 Likes 1 Share |
Business / Re: CBN Set To Prosecute FOREX Defaulters by courage89(m): 2:52am On Jan 18 |
Nice |
Business / Re: Video Of production Flaring At Dangote Refinery by courage89(m): 9:53am On Jan 13 |
saddler: This is not gas flaring, but production flaring. The purpose of this flaring is to purge out dirty production from cleaning of the installed piping. Startup of any Facilities including refineries, gas plants, petrochemical complex and others typically involves Nitrogen, natural gas pipe and equipment cleaning. The other aspect is to purge out off spec products in the production line. By introducing crude oil into the units bit by bit to meet commissioning and performance guarantees, there will be off spec products that will be flared… This flaring is totally different from your conventional natural gas flaring from upstream facilities. 11 Likes 3 Shares |
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