₦airaland Forum

abanicool:
dear,i think they are doing it so that other stingty cele...wil emulate frm them....

You are totally wrong.

Besides it other stingy celevb money not ....

Sus don't fall for this

jimi4us:
why is it that anytime people want to go and visit motherless children, they will go with cameras to show the whole world that they are kind. they won't even inform the kids to bath and dress well. but this particular group, I like their style. am talking about our so called celebs.

To be sincere it annoying. Most of them are doing it from the heart but to gain public sympathy, which display their hypocrisy.

Just check at their close surrounding, then you will know whats up

suxkill:
Op Western politics is different compared to African politics.

Yarn dem oh.

TonyeBarcanista:
Both APC led FG and Saraki should apologise to Nigerians and resign from government.

Guy this is impossible.

You say make saraki resign.

Barki ibi like say you no no sau naija

Should I say love this or supported

stanech:
Nobody should fall for this crap..

Oshomole with a debt of 300billion naira after seven years with nothing to write home about .

APC is a party of liars

My bro that is how they are.

But they are still refers as Saint by you know who they are

Mogidi:
Praising our governor because he paid the salaries of workers? Was he not suppose to pay salaries for work done, what an insult?

Africa have a long way to go.

No wonder we are still behind others

989900:

Sorry, I didn't get your point.

What l am trying to point out is that. Almost everyone want to see the rise of oil.

Get it

Welcome back queen of Nigeria music

989900:
No need to panic, the oil oligarchs would fund a war somewhere soon.

I don't think it will happen this time around.

Did you know the Trillion of Kuwait currency that have lost by countries and companies.

Even the so called Oligarch will not displace their hard earn money.

My bro please be in touch of what is happening round the world.

Only few will want to sabotage any effort to see the rise of oil

Bevista:
This is nothing to be excited about. Crude Oil prices are still lower than our budget benchmark of $53.

Nothing should distract or detract us from vigorously pursuing diversification of the economy. We cannot allow our economy to be totally dependent on a single commodity, of which we are not in control of the price.

Should I say supported or love this

Dannyset:
Better days ahead!

All what we pray for

suxkill:
APC, school of propaganda!!! am still waiting for Buhari body odor to remove the fuel subsidy he once told us, it's a scam.

Did you know that you wicked

Fp

GudluckIBB:
So what happened?
Half of Nigerians died or they sold their cars?

Meanwhile the previous Govt wanted to even increase fuel sometime ago before they were defeated at the polls.

God bless Buhari

It a welcome development.

Please don't poltisize this topic

psquaret:
cool

Hmmmmm

Nigerian Banks Experiencing Dollar Shortage – Fitch. http://www.nairausd.com/?m=1

Exchange Rate for Euro-Naira, 25th Friday September 2015

http://www.nairausd.com/?m=1

Exchange Rate for B Pound-Naira, 25th Friday September 2015

http://www.nairausd.com/?m=1

Exchange Rate for Dollar-Naira, 25th Friday September 2015


http://www.nairausd.com/?m=1

Is this a welcome development.

House deliberate on it

A petro-industrOil markets rose on Friday as strong seasonal demand from China outweighed weak consumer data from Japan, although analysts said that the slowing global economic outlook meant that oil prices would likely remain low for months to come.



While China's commercial crude oil stocks were virtually flat between July and August, refined fuel stocks sank 7.82 percent, implying strong demand due to two months of consecutive price cuts. Demand was also bolstered by the resumption of coastal fishing and the approaching harvest.
Globally traded Brent futures were at $48.54 per barrel at 0639 GMT, up 37 cents from their last close. U.S. West Texas Intermediate (WTI) futures were at $45.32 a barrel, up 41 cents.
Oil prices rose by over a quarter in late August after a slowing rig count and a reduction in U.S. crude stocks implied a tightening North American market.
Yet a global oversupply that analysts estimate around 2.5 million barrels per day, remains largely in place due to high production elsewhere, for instance in Russia and the Middle East, while demand is slowing, and oil prices have fallen back 10 percent since the beginning of September as the demand outlook has weakened along with economic growth.
Japan's core consumer prices marked the first annual drop since the central bank deployed its massive stimulus program over two years ago, casting further doubt on whether heavy money printing alone can accelerate inflation to its 2 percent target.

HSBC said that markets had focused too much on China's slowdown, warning that many developed economies were faltering.

"It turns out that developed market imports haven't been anywhere near as robust as relatively upbeat local demand data would suggest ... For all their recent swagger, developed markets are hardly firing on all cylinders. So, don't just blame China," the bank said on Friday.

ANZ bank said that "risks of further downgrades to emerging market economic growth will weigh on investor sentiment and keep any interest in commodities sidelined," adding that it expected WTI to fall by 10 percent within the next three months and Brent to drop 3 percent

Source:http://www.nairausd.com/2015/09/oil-prices-rise-as-firm-chinese.html?m=1

Twitter @nairausd

By Roseline Okere

The Federal Government’s daily spending on petrol subsidy has declined from the N1.07 billion it recorded as at September 8, to N889.44 million as at September 22.



Besides, the Organisation for Economic Co-operation and Development (OECD), western countries and leading developing nations are spending up to $200 billion yearly in subsidising fossil fuels, which OECD considered as being on the high side.

The country’s daily payment on fuel subsidy has continued to be on the decline since June this year, dropping from N2.4 billion to N1.07 billion two weeks ago.

Specifically, at the exchange rate of N197 to a dollar, the country’s daily subsidy per litre of fuel has decreased from the N22.42 per litre it earlier recorded to N18.53 per litre.

Based on daily petrol consumption of 48 million litres, the total subsidy cost on the product as of September 22, would amount to N889.44 million at N18.53 per litre.

The Petroleum Products Pricing Regulatory Agency (PPPRA), which made this disclosure yesterday in its pricing template, put the expected open market price of the product at N105.53.

The landing cost of Premium Motor Spirit (PMS), otherwise known as petrol, has also dropped from N93.93 to N90.04, while the Expected Open Market Price declined from N109.42 to N105.53 per litre.

According to a new OECD report, released on Monday, government support for subsidising fuel is hampering global efforts to curb emissions and combat climate change.

According to the OECD, coal, natural gas and petroleum received yearly subsidies of $160 billion to $200 billion from 2010 to 2014 in the 34 OECD countries and six emerging economies.

The Paris-based think-tank said its 34 members plus six of the biggest emerging economies – China, India, Brazil, Indonesia, Russia and South Africa , were spending money supporting the consumption and production of coal, oil and gas that should be used to tackle climate change.

OECD Secretary-General, Angel Gurría, stated in the report: “The time is ripe for countries to demonstrate they are serious about combating climate change, and reforming harmful fossil fuel support is a good place to start.


Source:http://www.nairausd.com/2015/09/nigerias-daily-fuel-subsidy-falls-to.html?m=1

Twitter @nairausd

So others are now Saint.

Hmmmmm Nigeriains wouldn't learn

Russia involvement in the war will give Al Asad victory.

But did you think the west let it be.

Time shall tell.

You know. ......

Funny but at the end it may be different story.

You know. .

liberty300:
They stoned the devil..the devil stoned them back

Why human con wicked like this.

If Nigeria value great things this will fetch us massive income but una no the way.

GboyegaD:
Glad there is continuity. This is a better way for Nigerian government(s) in the future to follow. Ensure completion of meaningful projects with reasonable cost and probe the unnecessary exorbitant ones.

True talk bro

The heat is much on him.

So what will happen next.

Let the game begins.

You know. ...

Foundation built on lies, deceit, betrayal etc plus different view need extra measures to sustain it structure to stand.

I hope no one is surprised from what is happening.

Believe me more drama will unfold. So grab your sit to ....