₦airaland Forum

Disclaimer: am not advertising MBA Forex. Am only giving you my candid opinion based on experience, and time will tell.

aremso:
they will soon say you are working for them and that is why you are advertising them.

Gd day house. MBA trades with special expert advisors ( robots). MBA investment has come to stay. A good expert advisor can make between 30 to 50 % return of investment per month on the market. So MBA paying you just 15% is sustainable for the next 100 years! Am telling u this as a seasoned fx trader with up to 10 year manual and EA ( ROBOT) trading experience. MBA 15% is sustainable.

Attention Danparosky . Am sensing the presence of yahoo boys. Come up with a disclaimer.

donparosky:
Thank you sir. there's an improvement.
please let's keep the updates coming

Keep it up

donparosky:
thank you.
integrity has kept us this far. As more people join the business, I want to admonish us to be sincere on our transactions. There's no shortcut to success.
I've been here for some years, though I've had few up and downs with clients and business but I don't jeopardize my integrity and would never thread it for anything.
This thread is open to all sincere hustlers.
God bless our hustles

It will never be well for Madam PEEO, as long as she refuse to return people's hard earned sweat money.
I believe she is still following this trade with another moniker. She is cursed

donparosky:
So today I reflected back on how we all began. They've been failures, successes and challenges but I rise more than I fall.
I remember last year when a little act of kindness shown to a colleague almost cost me my integrity. Uboma, Etiumoh, and whole lot of others who followed us on the Agric section could bear me witness.
Today I am humbled by the support and encouragement I've received in words, prayers, patronage and connect that I've received from everyone. I want to say thank you.
It's not the end of year, but appreciation they say, is application for more.
I thank God that until date, no one has called me out on money diversion, stealing or fraudulent business transaction. I won't forget the responsibility and trust that you all have bestowed on me. I'd keep doing my best in quality and service as I look forward to better patronage and support from all of us.
May I also remind everyone that this thread is for all of us, I would never stop any sincere hustler from doing his legitimate business here and I encourage everyone to do so with all amount of sincerity. special thanks to everyone who have been contributing to keep us updated all year round. we are grateful.
last last, we'd all make the money and we'd all be fine.
God bless our hustles

I mentioned importation

kisszhira:
So govt policies have no roles at all?

In my opinion, what drives local palm oil prices is the QUANTITY SUPPLIED TO MARKET AT.A GIVEN TIME. When supply increase, price falls, when supply reduces price rises. Then factors that affect supply of palm oil in Nigeria are 1. The season of the year 2. The amount of importation from neighboring countries 3. The extent of smuggling in place. 2 & 3 is controlled by controller of customs and security agents.

kisszhira:
So,in your analysis the idea of ministers not being there shouldn't have an effect on the economy. And you forgot that Perm secs have limits to what they can do compared to the functions of the ministers.

No correlation between Fed govt ministerial appointment and local palm oil prices. Note that without those ministers, permanent secretaries are doing the work. But CORRELATION EXIST BETWEEN QUNANTITY OF IMPORTED PALM OIL AND LOCAL PALM OIL PRICES.

Palm oil price is now 11,000 in p/h oil mill market. Liquid content only

Oil is now 10,500 naira in port Harcourt oil mill market

ugnoble:
ok, thank you.

Palm oil now 8500 naira at oil mill, pH.

THE LONG AWAITED SIGNAL FOR STORAGE HAS JUST BEEN TRIGERED. Price is about to kick up. This news is positive for Hoarders. So don't sell ur stored oil in a rush. INSTEAD RUSH AND BUY MORE OIL FOR STORAGE NOW

iHart:
Seems the game is about to change

https://punchng.com/breaking-buhari-directs-cbn-to-blacklist-firms-importing-palm-oil-42-other-items/

President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping any of the restricted 43 items into Nigeria.
The Presidential directive was disclosed by the CBN Governor, Mr. Godwin Emefiele on Friday in Abuja during a meeting with oil palm producers.

6500 naira is now the price in my community. Oil content only. ETIM EKPO, Akwa ibom

Oil is 6000 naira in Etim Ekpo, Akwa ibom state.

I can help u guys see Oga danparoski, just bring me Easter hamper

donparosky:
its well. you don't need to call me. am a busy person. just drop your message and I'd respond to them. I've been doing that. you may not understand the volume of calls and questions I receive everyday.
please also learn to be mannered. most times, I tend to ignore people like you

Good evening comrades. Pls anyone with info about supplementary graduation list? I learnt the one of previous year came out a day before graduation. I am passionately waiting for it, hoping to find my name there.

Malaysian oil supply is killing storage business. As long as PRESIDENT MUHAMMADU BUHARI continue to open borders to MALAYSIA, there won't be any period of scarcity, so for now, I don't advice anyone to store palm oil. This is political economic analysis.

iHart:
Now the economy is highly dynamic and I won't advise anyone to go into storage. Just buy and resell and do turnover. I remember a woman I asked to supply me oil for 8k and she said she is waiting for the peak period to sell. During December, price for fresh oil dropped to 7k and that was what she bought. Now what she has is storage, they price dropped even worse. She ran at loss. Third week of January I met a dealer and asked him to sell to me at 8500, he insisted on selling at 9000. Seven days after I bought 6800. I will not advise anyone to go into storage. The economy is highly dynamic now! I for see the price dropping below 7000 by April and May.

For Hoarders; Store oil If and only if Atiku wins election, but don't store oil if BUHARI wins. Becos BUHARI is into importation of palm oil. Price update; first grade oil = 7000 @ Etim Ekpo, Akwa ibom state

Happy new year 2019 celebration to all members of this business forum
. To you all who conquered 2018, May the good Lord bless and keep you.
May the good Lord help you take profitable short term, medium and long term decisions in this year and beyond.
There shall be No more loss in the name of Jesus.

Enjoy d freshness of 2019.

Attention Hoarders! BUHARI 's Heavy importation policy from Malaysia plunge down and disturb palm oil prices in 2017 and 2018. If BUHARI wins 2019 election, then DO NOT store oil. If other candidates win, then go ahead and store. This is my fundamental analysis

Update from Etim Ekpo, Akwa ibom state, grade 2 oil= 7000 naira, grade one (1) oil is = 8500 naira

Too bad. This is what is affecting storage business. Best strategy is to buy and sell until importation stops

salamiwasiu:
Malaysia oil finally hit south west, affect price.

This is what is affecting hoarding

yugee4ambyngoddy:
Senate Seeks Ban On Importation Of Palm Oil Into Nigeria by OrientDailyNews: 1:29pm
The Senate on Tuesday in Abuja urged the Federal Government to ban importation of palm oil into the country in order to protect local production as well as encourage farmers.
This followed the unanimous adoption of a motion entitled: “Urgent Need to Halt the Importation of Palm Oil and its Allied Products to Protect Palm Oil Industry in Nigeria.’’
In a lead debate, the sponsor of the motion, Sen. Francis Alimikhena (Edo-APC), decried importation of palm produce into the country.
Alimikhena expressed concern that importation of palm kernel and allied palm products are threats to Federal Government’s campaign on diversification of the economy through increased agricultural production and exports.
He said that Nigeria imported about 450, 000 tonnes of palm oil to the tune of N116.3 billion in 2017.
“Nigeria was the world leading producer of palm oil at independence, but unfortunately, Indonesia and Malaysia have overtaken us and we are now importing palm oil.
“Malaysia which is widely believed to have collected its first seedlings from Nigeria some decades ago, is now exporting palm oil products to us.
“The government must reverse this trend with copious investments in the local palm industry and the protection of local producers from unnecessary imports,’’ Alimikhena said.
While acknowledging that Nigeria is endowed with the land and manpower to boost palm oil production, the lawmaker emphasised that the focus should be directed toward returning to pre-independence status in palm oil production.
“We have no business importing palm kernel or any oil palm product from any country.
“At independence, agriculture was the mainstay of Nigeria’s economy. More than 70 per cent of the population was engaged in agriculture.
“Apart from various food crops produced in the country, Nigeria was a major producer of palm oil/kernel, cocoa, groundnut and rubber.
“But following the discovery of crude oil in commercial quantity in the 70s, agriculture was neglected,’’ Alimikhena said.
He added that the importation of the product was harming the local palm industry and depleting foreign reserve.
“This is also threatening the viability of the industry into which many Nigerians have sunk huge sums of money in support of the government’s export promotion drive.
“If the palm industry is fully developed, it will guarantee mass employment and boost our foreign exchange earnings,’’ he added.
Contributing, Sen. Theodore Orji (Abia-PDP) said there was need to establish a special fund to encourage local production of palm oil in the country.
He also expressed concern that many oil production plants in the country were moribund.
According to Orji, palm oil used to be a major income earner for the country, but unfortunately many plants are dead.
On his part, Sen. Jibrin Barau(Kano-APC) called for introduction of policies that would be targeted at encouraging local production of cash crops.
Sen. Rabiu Kwankwaso (Kano-APC) also urged the Federal Government to ban importation of cash crops that can be produced locally.
“Also there is need for the Committee on Agriculture and Rural Development to invite the Nigerian Institute for Oil Palm Research (NIFOR) on why it has failed to deliver on its mandate,’’ Kwankwaso said.
In his remarks, the Deputy Senate President, Ike Ekweremadu, said that the importance of reviving the country’s palm oil industry cannot be overemphasised.
“There is need for this sector to be properly positioned to play its role as one of the major income earners for the country.
“When the palm oil sector is revived, it will boost employment,’’ Ekweremadu said. (NAN)

Govt is still importing palm oil. At the moment, supply of palm oil is more than the demand, so d market is flooded. The best profitable business strategy now is to buy and sell, not hoarding. It is only when the govt STOP IMPORTING that you then capitalize on the scarcity to hoard. #### Happy ember month to all team members in d house

NDmoney:
oil price just fell from 9000 to 8500, and I bought at 8000 for storage in May.
are we safe

Anifrank, how much is a bucket and bag of ogbono at wholesale price. Apart from ogbonno, do u sell egusi at wholesale price, or do u have other commodities that can give higher return on investment than ogbonno?

You gave a good technical analysis. Hoarders benefit from scarcity. But politically(fundamentally), as long as government continue to open the ocean borders for palm oil to flood into the country, oil will always be available all year round without any form of scarcity. So,Hoarders may not break even this year again. The very moment that importation is stopped, from then on the hoarding business will become lucrative again

donparosky:
hoarders and businessmen, it's time to act. A bunch of fruit is now 550, the handwriting is clear. buy on time or pay more in a few weeks...
God bless our hustles

Profiting from Hoarding this year will also depend largely on govt importation policy

donparosky:
hoarders and businessmen, it's time to act. A bunch of fruit is now 550, the handwriting is clear. buy on time or pay more in a few weeks...
God bless our hustles

For this good findings, I reserve one big bottle of palm oil for u to pick up whenever you come P/H

donparosky:
hello guys, being a while. thanks to everyone keeping the thread rolling......
price kicking gradually as expected. it's 8500 official in Akwa Ibom,
Lagos is 10500-11000
Kaduna is 11500
Zaria is 11000
kano is 10500
port Harcourt is 9500-10000
Ibadan is 1000-10500
more updates shortly.... feel free to add yours

My family members in the house, does anyone know whether Buhari has stopped palm oil importation in 2018?

yugee4ambyngoddy:
Senate Seeks Ban On Importation Of Palm Oil Into Nigeria by OrientDailyNews: 1:29pm
The Senate on Tuesday in Abuja urged the Federal Government to ban importation of palm oil into the country in order to protect local production as well as encourage farmers.
This followed the unanimous adoption of a motion entitled: “Urgent Need to Halt the Importation of Palm Oil and its Allied Products to Protect Palm Oil Industry in Nigeria.’’
In a lead debate, the sponsor of the motion, Sen. Francis Alimikhena (Edo-APC), decried importation of palm produce into the country.
Alimikhena expressed concern that importation of palm kernel and allied palm products are threats to Federal Government’s campaign on diversification of the economy through increased agricultural production and exports.
He said that Nigeria imported about 450, 000 tonnes of palm oil to the tune of N116.3 billion in 2017.
“Nigeria was the world leading producer of palm oil at independence, but unfortunately, Indonesia and Malaysia have overtaken us and we are now importing palm oil.
“Malaysia which is widely believed to have collected its first seedlings from Nigeria some decades ago, is now exporting palm oil products to us.
“The government must reverse this trend with copious investments in the local palm industry and the protection of local producers from unnecessary imports,’’ Alimikhena said.
While acknowledging that Nigeria is endowed with the land and manpower to boost palm oil production, the lawmaker emphasised that the focus should be directed toward returning to pre-independence status in palm oil production.
“We have no business importing palm kernel or any oil palm product from any country.
“At independence, agriculture was the mainstay of Nigeria’s economy. More than 70 per cent of the population was engaged in agriculture.
“Apart from various food crops produced in the country, Nigeria was a major producer of palm oil/kernel, cocoa, groundnut and rubber.
“But following the discovery of crude oil in commercial quantity in the 70s, agriculture was neglected,’’ Alimikhena said.
He added that the importation of the product was harming the local palm industry and depleting foreign reserve.
“This is also threatening the viability of the industry into which many Nigerians have sunk huge sums of money in support of the government’s export promotion drive.
“If the palm industry is fully developed, it will guarantee mass employment and boost our foreign exchange earnings,’’ he added.
Contributing, Sen. Theodore Orji (Abia-PDP) said there was need to establish a special fund to encourage local production of palm oil in the country.
He also expressed concern that many oil production plants in the country were moribund.
According to Orji, palm oil used to be a major income earner for the country, but unfortunately many plants are dead.
On his part, Sen. Jibrin Barau(Kano-APC) called for introduction of policies that would be targeted at encouraging local production of cash crops.
Sen. Rabiu Kwankwaso (Kano-APC) also urged the Federal Government to ban importation of cash crops that can be produced locally.
“Also there is need for the Committee on Agriculture and Rural Development to invite the Nigerian Institute for Oil Palm Research (NIFOR) on why it has failed to deliver on its mandate,’’ Kwankwaso said.
In his remarks, the Deputy Senate President, Ike Ekweremadu, said that the importance of reviving the country’s palm oil industry cannot be overemphasised.
“There is need for this sector to be properly positioned to play its role as one of the major income earners for the country.
“When the palm oil sector is revived, it will boost employment,’’ Ekweremadu said. (NAN)

Great job. Kudos

donparosky:
morning
it's 7500 to 8k in Akwa ibom
kaduna 10500
Lagos 10000-11000
Kano is 10800
Zaria is 10500
ogun is 9800-10200
port Harcourt is 9500-10000
Enugu is 9500
illorin is 10000
kogi is 10800 and 11000 for igala oil
that's the price updates this morning
God bless our hustles

Happy easter, hapi new month to all of us in the house

Tanx for ur knowledge sharing

couragemurphy:
You are very correct OP.

I have been noticing it since June - July this year around Peter Odili axis. It is obvious on cars early morning, your window nets, even inside your house, you notice the sole of your feet being black when you walk around without foot wear inside. Because of this my swimming pool is being overworked for it to get rid of the soot.

I was curious and have to be calling friends around to trace the source and way forward. I was able to confirm that it is a new development around Peter Odili, Abuloma, Trans-Amadi, Old GRA, Woji, etc. and even sometimes up to Aba.

LIKELY SOURCES.
From my own investigation, the following were my initial suspects
1. Soot from tyre / bamboo burning in 'slaughter' when roasting cow and other animals. But this was ruled out because the area covered by the soot is overwhelming for this to be the source. Moreover, using of tyres for roasting has been banned.

2. Pollutions from nearby industrial processes. Oil exploration / production and refining activities around are not left out. This could result more if there is oil carryover(s) to the flare. But I personally ruled this out after investigation as there are no close oil installations around with such a tick burning flare as a symptom of much oil carryover which could be responsible for the carbon soot being noticed around. Also the timing that the soot usually spreed also rules them out. Because flaring is continuous, whereas i noticed that this spread of soot is usually at night / early morning before 07H00.

3. THIS HAPPENS TO BE THE CULPRIT FROM MY INVESTIGATIONS (I ALSO STAND CORRECTED THOUGH)
After careful analyses and investigations made, I was able to narrow it to the recent increase in oil bunkering / local crude oil refining activities around the creeks of Abuloma and neighboring communities. This is no coincidence as the timing of their local refining also match with the time of the soot spread. Illegal refineries operations have been on the rise since the recent economic condition of the country and some alleged non-payment of ex-militants. Many of them have returned to the creeks to source for livelihood. even security agents are not helping matters on this, as it is also alleged that they even participate indirectly in this act. For those that live around, you might notice that small tankers usually move products out of these areas even without being intercepted by security personnel... I have to stop here pls....


POSSIBLE SOLUTIONS TO MITIGATE ITS CONSEQUENCES.

1. Our beloved brothers and friends indulging in this act of local refining should be educated on the health risk / hazards associated with their operations. Not just for people living around, but also for them carrying out the activities. Because they are even closer to the real dangers (BTEX, benzene, and even NORMS etc) If this is not stopped on time, don't be surprised in the future when people start giving birth to children with various disorders.
Because these uncontrolled pollutants can cause genetic mutations. and even rise in medical cases like respiratory diseases and cancers etc.


If you can't endure or protect yourself, start thinking of relocation as this is a serious health issue.

2. The government needs to be responsible to the people. It is not all about ''CHANGE BEGINS WITH ME MANTRA'' but this change should BEGIN WITH THE GOVERNMENT. It is the job of the government to ensure and guaranty the welfare, protection, safety, and security of the people. If government is responsible, half of this problem if not 75% will be solved. We have various ministries / agencies in Nigeria collecting salaries and dues as operational permits from companies, but don't do their major jobs. We have ministry of environment in Nigeria / Rivers state for example, but is not concerned about the environment, its protection, and the safety of humans as a result of unlawful activities resulting to pollution....

3. For me what I have done for the interim, knowing the possible source and time of spread of the soot.
a. I ensure all my windows are almost 95% closed at all time, especially at night
b. install and continue using your cooker hood in kitchen
c. put on your ACs more often to keep your entire house cool.
d. Occasionally open windows during the day for ventilation of the house, and close before 8PM etc.

With the above mentioned, I have been able to control the ingress of the menace inside my house, thereby reducing the possible inhalation of soot, the usual blackened sole of feet has stopped with this, and also the routine of cleaning the house on daily basis has also stopped. For now there are no significant soot entering my house since I adopted these control measures. THOUGH THEY ARE QUITE EXPENSIVE CONTROLS, BUT IT IS WORTH IT!!!!!!!