₦airaland Forum

Jlow2:
gej thinks congratulating buhari will let him off the hook, he is a product of one of the worst corrupt politicians in the country( alams), he dnt knw how a competent govt is been run, if all books of agencies re not reconciled buhari will not sign it, cos buhari s govt will not take reponsibiliy of 2trilllion u spent in ur relection, while nigerians re struggling to hav four hours of electricity per day, NOW YOU WILL KNOW THAT IF U PUT A PERSON WITH MONEY HE WILL NOT STEAL IT, YAM &GOAT PRESIDENT !!!!

Easy bro.
But why the hate. Let peace reign.

You know. .....

Doluvincent1:
Abeg Ooo let peace to reign

Should I say supported or seconded.

You know
.........

Taylor86:
Barr. EZENWO NYESOM WIKE


we dnt need a magician or a native dr to know d story is as fake as a mans pot-belle

we all know that in 4months time buhari will beg u to join them wen he finally realized how important rivers,akwaibom,delta,cross rivers,edo,bayelsa internal revenue is

dnt worry my Governor APC has no place in u

d rivers man in u is very repulsive to APC


carry go brother

WWW.com(wikewillwin.com)

What about SE

barcanista:
APC is a consortium of propagandists that make gains via deceit and falsehood. The party is a rejected party in Rivers State. Rivers is 100% PDP!

Are you surprised.

Exchange Rate for Dollar-Naira, Friday 1st May 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.00

BDC $1 N204.00

PARALLEL RATE $1 N219.00 & N222.00


**Please note that the Parallel rate varies for different location

Visit www.nairausd..com For Exchange Rate for B Pound-Naira & more news

Let the game begins.

You know. ...

Should I say surprised or not

socialmediaman:
Well I think the former CBN governor who was one of those championing for fuel subsidy removal explained it. Read my article on this issue:

https://www.nairaland.com/2256275/petrol-subsidy-removal-not-affect

Sorry For my misunderstanding,I t you were referring to the federal government.

I am also with you in this.

Bants:
How can they even call Nigerians 'Lazy' when one of their ministers was asking Nigerians to help them with business ideas...na wa oh Mandela a great man hardwork going down the drain

Are you for real.

It seems they don't appreciate good deeds.

socialmediaman:
Ok oooo. We shall get to the root of this scam...

It you insist it's a scam proof it

StarboyMichael:
When will these scams end?

What did you mean by scam

The Federal Government of Nigeria on Thursday confirmed a fresh payment of N156 billion to oil marketers which added up to N500 billion within the past five months.

A statement from the federal ministry of finance signed by Paul Nwabuikwu, Special Adviser to the Coordinating Minister and Minister of Finance said the latest payment was "in line with the Federal Government’s commitment to prioritise payment to marketers in spite of revenue constraints."

He said the payment had two components with the first "consists of the cash backing of the N100 billion IOU which the marketers were given in March while the second is N56 billion in interest payments for the marketers according to the PPPRA template."

Nwabuikwu disclosed that there still remains "a balance of N98 billion certified by PPPRA as the amount owed the markers."

Nwabuikwu noted that "the N156 billion is the latest in a series of significant payments made to the oil marketers within the last five months. These include over N300 billion in two instalments in December last year and N31 billion in interest differentials recently. In all, oil marketers have received over N500 billion within the past five months."

According to Okonjo-Iweala, “the Federal Government has made maximum effort, in spite of the well-known fact that the fall in oil prices has significantly reduced national revenues, to prioritize payments to marketers. For the sake of Nigerians who are bearing the brunt of fuel scarcity, the marketers should reciprocate in the spirit of dialogue and cooperation in which we have always tried to engage them."

On the recent fall out of the released forensic report on Nigerian National Petroleum Corporation (NNPC) by PricewaterhouseCoopers (PwC) the Minister of Finance, Dr Ngozi Okonjo-Iweala said she has heard that SIAO Partners, a group of three accounting firms, has filed a suit against her before a Lagos High Court.

Reacting to the law suit, Nwabuikwu said "the Minister is yet to be formally notified of the suit but from information gleaned from media reports, the group is alleging that she appointed the global audit firm PricewaterhouseCoopers (PwC) to conduct the recently concluded forensic audit of the Nigerian National Petroleum Corporation (NNPC) against the provisions of the Local Content Act."

Nwabuikwu described the said court action as "spurious in the extreme", arguing that Okonjo-Iweala did not appoint the PWC to carry out the audit.

Source:http://nairausd..com/2015/05/fg-pays-over-n500b-to-oil-marketers-in.html

barcanista:
Igbos 5 States despite being one of the 3 largest group

No you are wrong.

NaijirianKing:
At one point this was true. There was a time, during Awo, that secondary education was compulsory. So, the West had a great deal of their youth attaining education. Moreover, Lagos had been colonized almost 100 years before Nigeria, so indigenous Lagosians had a head start over other groups.

However, in today's Naijiria things have changed. The group who've adapted most towards Western education and Westernization have been those from the East. This is seen in the fact that the states in the East (SS/SE) require the highest scores to get into university.

Thank you this what I keep telling people.

MEILYN:
Oh my God.I feel like weeping. How could someone do this to his own people all in the name of war? They keep praising Ojukwu. This man almost wiped the Igbo tribe from the surface of the earth. He saw his people starving and he couldn't end the war earlier than he did. Only God will judge him.

I think you got it wrong.

Imagine if I beat you mom badly.

Now my question is what will you do?

You know. ...

Despite this. They are back.

Sometime I wonder what's so unique about the IGBOS.

May continue to bless everyone.

You know. ....

Hmmn what can I say

Will he by his words

Charpell:
EXchange Rate for Pounds now available?
Kudos bro

Thanks

makzeze:
where do they sell at 204

Example of what BDC will sell today.Allow me to use from the figure from my post

PARALLEL RATE is N219.00 & N222.00 then this is what a BDC operator will sell N218.00 or 218.50 & N221.00 or N220.50.

I hope everyone understand.

makzeze:
where do they sell at 204

Mr makzeze, let me explain it for you and everyone to understand.

Now if you notice BDC is $1=N204. There is the an official percentage Central Bank of Nigeria gave to Bureau De Change Operator for Exchange Rate which arrive at N204.But know this no BDC operator will sell at N204.

I repeat no BDC operator will sell at N204.

So now if you want to buy from a BDC operator,follow the price from PARALLEL RATE. Minus N1.50K to N0.50K from PARALLEL RATE that's likely the price a BDC Operator will sell.

Visit www.nairausd..com For Exchange Rate for B Pound-Naira

Exchange Rate for Dollar-Naira, Thursday 30th April 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.00

BDC $1 N204.00

PARALLEL RATE $1 N219.00 & N222.00

**Please note that the Parallel rate varies for different location

Who no like beta tin .

Abeg make una Mrd Remi .

Anyway this is an old pic.

emeka2847:
Lock them up and throw the key into the lagoon

Yes they deserve it but l believe you don't have an idea about filling station.

Ask yourself this question why is there fuel scarcity in most filling stations.

You know. ...

It seems you guys don't understand the game here.

Most filling station that claim they don't have fuel are lying.

In a situation like this when there is fuel scarcity., most have fuel but greed will play a big role for them to claim there is fuel.

You know. .....

It's called Business strategy

Nobody saw it coming.
Oil prices had been sliding, but on Oct. 1, the future still looked bright. For the next three months, oil would average $97 a barrel, according to a Bloomberg survey of 36 analysts. The first quarter of 2015 would be even better. The most pessimistic among them called for $91 a barrel.
Ha.

We all know what happened next. The free-fall in oil prices was just getting started. WTI crude, the U.S. benchmark, would tumble from $107 a barrel in June to below $45 in January.

Humbling, perhaps, but it hasn't quieted the bold predictions coming from CEOs, analysts, and energy ministers.

Here's a look at some of the big calls made during the crash and how they've panned out.

Don't Panic

"Let's not panic over the first little decline in oil prices,'' Whiting Petroleum CEO Jim Volker said on Sept. 22. He made more bold predictions:

"Saudi Arabia and the other OPEC members have already agreed to cut 500,000 barrels a day,'' he said, suggesting that OPEC would continue to support higher prices.
"I really don't think that there's anything to worry about with respect to the Bakken, or for that matter the Eagle Ford.''
"It always happens this time of the year... it's kind of a decline in the driving market after the summer holidays.''

Reality: Members of OPEC agreed to maintain their production targets instead of curbing output. The Williston Basin, home of the Bakken, and the Eagle Ford have both since lost more than half of their oil rigs. It wasn't just seasonal.
Nothing to Get Stress Tested About
"We have an $80 Brent case that is what we call our stress test," Hess CEO John B. Hess said in a Nov. 10 investor meeting. "We don't think $80 Brent is likely."
Reality: Since then, Brent crude has averaged $60 a barrel.
Morgan Stanley: 'More improvement ahead'
Morgan Stanley analysts, including Adam Longson, forecast on Nov. 10 that Brent would average $106 a barrel in the fourth quarter and $107 for all of 2014, saying "physical markets are strengthening with more improvement ahead, which should eventually lift prices.''
Reality: Nope.
Pickens the Futurist
"This has only been going on for 30 days. The world hasn't changed," T. Boone Pickens, chairman and CEO of BP Capital, said on Nov. 5. "OPEC has got to have a better price for oil than $80 a barrel." Pickens added that the price of oil wouldn't drop to $70.
Reality: Brent crude dropped below $70 less than a month later and hasn't yet returned. OPEC either won't, or can't, lift prices. Whether the world has changed remains subjective.
The Bears Wake Up in January
After the epic miscalculations of the fourth quarter, one might think at least a few overzealous bears would emerge. Think again. As of Jan. 1, the lowest of 30 estimates in a Bloomberg survey was for an average $50 oil for the first quarter. Not low enough. The actual price of WTI for the quarter: $48.57.
Still, January and February were full of second guesses, with some of the most pessimistic outlooks of the price crash. Some analysts may have shifted too far, and done it too late:

Oil as cheap as $20 a barrel may soon be on the way, and the oil crash could spell the "the end of OPEC," said Citigroup analyst Edward Morse on Feb. 9. Reality: There's been no $20 oil, or even $40 oil. OPEC hasn't yet dissolved.
Oil will probably continue to decline to as low as $30 a barrel, said Gary Cohn, president of Goldman Sachs Group Inc., on Jan. 26. “We’re probably in the lower, longer view,” said Cohn, himself a former oil trader. Reality: WTI finished that day around $45 a barrel and has rarely been lower since.
Oil could fall as low as $30 because supply surpluses won’t disappear overnight, said Barclays analyst Miswin Mahesh on Feb 3. Reality: No $30 oil.

The Goldman Sachs Ruble Warning
In January, Goldman Sachs made a big call on the Russian Ruble, cutting its 2015 outlook on concerns over cheap oil. Goldman said the ruble would weaken to 70 rubles per dollar from 63.
Reality: Instead, the ruble has strengthened, to 51 per dollar.
Specificity Doesn't Imply Accuracy
Bank of America analyst Francisco Blanch forecast in February that WTI would fall to $32 by the end of first quarter, and Brent would be $31.
Reality: The oil crash was bad. But not that bad. Even at its lowest, WTI never dipped below $43, and Brent stayed above $46.
A Bad Call
Harold Hamm, the billionaire founder of Continental Resources, cashed out his company's oil-crash hedges in October—betting big on a rebound.
Reality: Oops
A Good Call
Renowned crude trader and commodities hedge fund manager Andy Hall said on Jan. 1 that oil would remain "under pressure" in 2015, but that $40 was close to an "absolute price floor" because it couldn't sell for long below the marginal cost of supply.
Reality: In the month before his call, crude had been in free-fall, declining about 30 percent to $53 a barrel. Oil has yet to fall below $40.
OPEC Sees a Boomerang
OPEC Secretary-General Abdalla El-Badri said on Jan. 26 week that prices would soon begin to rise and warned that oil could boomerang to $200 a barrel as the oil industry takes a cleaver to investment in new projects.
Reality: He may have correctly called the bottom to oil prices, but the $200 warning remains but a twinkle of hope in many an oil producer's eye.
$90 in May?
"You're going to see $85 to $90 oil" in the next 3-6 months, said John Catsimatidis, Red Apple Group Chairman, on Feb. 17.
Reality: His prediction has 1 to 4 months left to come true.
Shale Cuts
EOG Resources Inc., the biggest independent shale driller, shocked the energy world in February when it announced plans to slash spending and halt oil production growth. The company was among the first to predict that crude output would decline.
Reality: The U.S. EIA is now saying the amount of oil produced from shale will decline in May.
The Frackers Will Fall
Most fracking companies in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, said Rob Fulks, pressure pumping marketing director at Weatherford International.“We go by and we see yards are locked up and the doors are closed,” Fulks said on April 22. There could be about 20 companies left, he said, down from 61 fracking service providers at the start of last year.
Reality: The number has already dropped to 41.
BP: The Three-Year Slump
“The fundamental supply and demand does remind me of 1986 a bit,” said BP CEO Bob Dudley. Prices may stay below $60 for as long as three years, he said.
Reality: His prediction remains accurate, though prices have been creeping up to almost $60.
Solar Will Be the Next Shale
"Just as shale extraction technologies reconfigured oil and gas markets, no other technology is closer to transforming power markets in a similar fashion than distributed and utility-scale solar," Prajit Gosh, research director for Americas Power & Renewables Research at Wood Mackenzie, said on Feb 2, 2015.
Reality: It will take years or decades to prove Gosh right, or wrong.
Electric Cars Aren't an Oil Concern
Ryan Lance, CEO of ConocoPhillips, said on April 8 that it may take another 50 years for electric cars to have a material impact on oil demand.
Reality: Nearly every major carmaker as well as tech companies including Apple and Google are working on electric vehicles. Tesla and Chevy plan to release moderately priced cars with ranges of 200 miles or more per charge in the next few years.

Predicting the Future

As bold predictions often go, many of the selections above have been proven wrong or increasingly unlikely. Since the beginning of the crash, analysts have diverged in their range of opinions, a reflection of just how difficult it is to predict the oil future. Here's where Wall Street sees oil prices headed, as of April 29.

Source:http://nairausd..com/2015/04/these-titans-of-oil-are-experts-at.html

Also www.nairausd..com for more news

mazeltov:
yes we knew

You made a big mistake.

You know............

miracle11:
na lie oh. E be messiah.no be wet in e make us expect and believe say miracles go happen wen e enter? He said all sorts. He made a covenant wit Nigerians. Let him keep it

Sowi be ur name.

e be like say u no de naija