₦airaland Forum

Oasis007:


Where are these Dudes Lan.a1, Ep.h12 and Funlo.rdjnr!

Chai!

I don modify my comment. I no even know say na chelshit thread be this. Make I check wetin happen

mrtegation99:
This one no wan do again because na #22000

Is it 22000 or 30000?

TRendlona:
This doesn't determine the better coach. We all know Pep is the better coach

I think I agree with spy. They're both in the same league right now so it shouldn't be difficult to determine who is better.

Iamwrath:
Increased reserve means there's savings a general pool of funds which can manipulate demand and supply

Which means $ wouldn't find its true value if government has to intervene every time. Anyhow you look at it, it is not sustainable. There will be only one outcome which is depletion of the reserve fund we are celebrating now.

pinkcottoncandy:
The issue of oil, how about building functioning oil refineries so that we use our oil here in Naija and sell any excess to gain more fx. Rather than have our ailing economy anchored to dollar/oil volatility which will always have a negative effect on our economy because we dont have any amour to play in this global market.

I remember Ifeanyi Ubah complaining about them interested investors not getting it easy from our government in respect to construction of refineries. There's this believe among them that Dangote is getting forex at cheaper amount while others are made to get it at higher price. I hope that is not true.

Iamwrath:
I don't blame you if you don't understand the benefits of increased reserves and how it relates to my comment

Increased reserve does not automatically mean better rates. Demand and supply determines that. If our economy is 90% internally sustainable that is we don't have to import as much as we currently do $ will automatically fall in value because people wouldn't need it that much. When price of fuel goes up is it not always because of scarcity? Same with other goods. But when there is surplus in circulation the exchangers will have no choice but to reduce their rates. And it can only be surplus if the government pumps $ into the system or if people don't need it anymore.

Iamwrath:
Thieves with long straw can no longer sit in a corner and suck at our reserves




Let it grow larger abeg, dollar must return to. 80 to 1naira

How does this translates to improvement in our currency? You want government to subsidise dollars again so our external reserve is depleted right?

SIRcumalot:
I want make we meet Liverpool again for that carling cup final.

Better want better thing o. No say i no tell you

CONTEDDICTED:
Noted this weekend in PL.

1. Lookman's debut goal
2. Iwobi improvement
3. Kane's hatrick
4. Carroll's goal
5. Pep humiliated
6. Man United.

Fool

Lana1:
Yes. Spurs. But 6 points from a possible 18 is very disappointing.

And to think we are still going to White Hart Lane, Etihad and Emirates

Even the ones we have at old Trafford I don't know how we're going to win those ones

AdisaOwala:


And some people would say I am Pogba's worst critic

I never liked that guy. He has a lot to do to win my trust. He is no heir to anyone that has ever commanded our midfield. Let's just leave him there to play around against the bottom 10. I expect nothing from him against the top half

Chai! Well gladly take draw than lose. Our first big test and we effed up.


I didn't watch the match but from what I read here Pogba was shet as expected. We have been playing against small teams that we can afford to not be at our best and Pogba has been getting lots of praises. Iranu

Who is now hosting the party on behalf of City and The Fraud One? Bayern or barca?

LoRdCaT:
It's four bro

My annoyance is that that useless team was allowed to sneak into top 4

Spy360:
Pep proving me right time and time again. Nevertheless, if he can turn things around and still win this league, he will deserve my respect.

Cc Trendlona, Raumdeuter

Which league is he winning? He will be battling top 4 come May

I don't know how i missed this
I take back my words! Fraudiola is a big fraud. God will punish tiki taka. Abi what is the essence of all these possession and passes and still chopping 3-0? Fvck it

Buhari sef

rilwan09:
You guys should stop being stupid and myopic when thinking or making decisions. when registering you are required to fill your place of residence . u filled rubbish NW u are blaming the government. Oga it's not by force , u can still leave . awon oniranu

I would have said you don't have sense but today is Sunday so I will just ignore you

leokinguch:
U better relocate to that community and live....good luck to u

Abi? It won't cost him 80k/month to get accommodation there

Adesiji77:
https://www.nairaland.com/3530260/landing-cost-fuel-hits-n210

https://www.nairaland.com/3553827/fuel-price-increase-landing-cost

What is the real landing cost of fuel?

Ayam not understanding

From what I understood from the op, there are two landing cost depending on the exchange rate used. Cbn exchange rate is 140 while black market is 200+

davodyguy:
There's nothing wrong in what's happening.

Let me quickly clarify before dumbass analyst start talking nonsense.

Where we were

Sometime in December, 2015 the price of crude oil per barrel dropped to about $32 and the exchange rate then was less than N300 to 1$. At that time, the government. Marketers were making profit, without subsidy being paid.

2016 first quarter

By mid January, the price of crude oil started rising, and that was the time CBN started their failed policy on exchange rate. What happened then was that as the crude oil price increased, exchange rate to dollar also increased. This made landing cost of refined products to go up. You would recall that we experienced scarcity till May, 2016 when subsidy was finally removed. Why? Cos product was sold. (PMS) at N87 per litre and the differential was paid to marketers as subsidy.

May, 2016

Subsidy was removed. Exchange rate is now over 300 naira to a dollar. Hence we started buying PMS per litre at N145.

NOV, 2016

International price of crude oil rose to $50 per barrel and exchange rate is over N400. The landing cost would automatically increase. But since PMS price is still being regulated and pegged, no marketer would import a product at N145 per litre and still sell below cost price.

JAN, 2017

In order to avoid two things

1) Fuel Scarcity
2) Increased PMS price

NNPC is now importing 90%. of daily consumption of PMS so that Nigerians would not suffer.

So I wonder how some dunce will insult NNPC, when they're actually saving you.

The only solution now is for CBN to do something about the exchange rate and things would be back to normal.

Price not per barrel is about $53-54 and exchange rate is over N400 naira.

Price may remain $54 or even go higher as we pray and hope for. CBN must do something about the exchange rate and allow drop back to 300 or below. If this is done, things would balance up

Demand and supply is responsible for exchange rates. If we maintain this pressure on dollar and you wish for cbn to bring down the exchange rate, then expect the fg to dip hands into the external reserve that you have been rejoicing that is rising.

In summary it's not sustainable.

And people are talking not because of what's happening but because of the propaganda and campaign during the election. I even remember Tam-David West abi what's his name saying pms should be sold for far lesser than what it was being sold as oil price fell worldwide. But the reverse is the case and we have not heard from him again. Mind you he was speaking for APC and I think many people sitting on the fence decided to vote APC because they thought that's what is going to happen

Spy360:
Then its bad news for United.

Yes o! Bad news for both of us.

kokaneprodigy:
I'm supporting an Everton win! Go figure

No way city is losing that match. Go figure

kokaneprodigy:
you are just dumb, how's Arsenal 5th now?

So you're supporting a united win tomorrow?

See them You're 5th and still celebrating

Alonso that all of you wanted to eat last match day. See as dem dey celebrate am

Giroud bailing dem mofos out again

Na wa o. Useful spaces just dey waste because we wan yan.


By the way I just need only 3 points from our team tomorrow with Pogba starring and I will be his biggest fan for life

kenonze:
Mavrodi have breached agreement.
He should revive the system by investing his spare money. Just N1b... he will get his 30%.

He shouldn't be afraid to invest in the system he belong

They tell us use ur "spare" money
Spare money is like spare tyre.
If u are using ur spare tyre, u won't be comfortable until you get to ur destination

It wasn't a get rich quick scheme either. The scheme was not made so you can be so comfortable hence the spare money.

For the fact that Adeboye hastily stepped down shows that the problem is deep in RCCG. Nobody should come and blame Obazee here. Why didn't Adeboye confirm from Osinbajo or Buhari first?

People ehn. Why don't you accept that the money has gone so you can take your mind away from it? And if it comes back good and fine.