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Politics / Re: Has Light Been Restored In Your Area? by iwaeda: 7:35am On Apr 17
Light has become deplorable. grin grin grin

1 Like

Politics / Re: Tinubu: We Will Transform Police By Fixing Institutional Mentality Of Officers by iwaeda: 7:30am On Apr 17
European Football (EPL, UEFA, La Liga) / Re: Barcelona Vs PSG: UCL (1 - 4) On 16th April 2024 by iwaeda: 11:20pm On Apr 16
Officiating was extremely poor. grin grin grin grin
Politics / Re: BREAKING: Dangote Crashes Diesel To N1,000 Per Litre by iwaeda: 11:18pm On Apr 16
ryloy:
BREAKING: Dangote crashes diesel to N1,000 per litre


https://twitter.com/TheNationNews/status/1780327574398447781

With imported diesel. grin grin grin grin grin grin

1 Like

Politics / Re: Has Light Been Restored In Your Area? by iwaeda: 11:17pm On Apr 16
Ekedp is fraud grin grin grin
European Football (EPL, UEFA, La Liga) / . by iwaeda: 5:40pm On Apr 16
.
Politics / Re: Has Light Been Restored In Your Area? by iwaeda: 5:39pm On Apr 16
Now courtesy of Tinubu’s policy 15% are enjoying 80% of power; while the remaining 80 % are struggling with 20%. grin grin grin
Food / Why Prices Of Bread Are High – Bakers by iwaeda: 1:33pm On Apr 16
The Premium Breadmakers Association of Nigeria, PBAN, has disclosed the causes of rising prices of loaves of bread as the common staple food in the country.

PBAN said the volatility in the exchange rate has affected the prices of bread in Nigeria, adding that most of the materials in producing it are imported.

PBAN President, Emmanuel Onuorah, made this known while appearing as a guest on Arise News’ Global Business Report on Tuesday.

He added that the ongoing war between Ukraine and Russia has impacted negatively on the production of bread, as both warring European neighbours are wheat suppliers to Nigeria.

“Bread is a staple. Bread is supposed to be a pick-and-grab food at any location. It’s on the table for the children,” Onuorah said.


“Bread is a spiritual product, outside of being physical because it does so much for humanity. As bakers, for us in Nigeria, it’s been tough for us.

“Some of the basic materials we use in producing our bread are imported into Nigeria, that is about almost 98 per cent and that’s the truth.”

“In a country, where you almost don’t have a strong productive base, and at that, everything is dependent on the dollar. When there is volatility in dollar-naira exchange, when (there is) FX issue where naira begins to go down against the dollar, we are in a problem,” he said.

Late last year, following the removal of fuel subsidy and other economic reforms by President Bola Tinubu, the country began to experience an increase in the prices of food and other commodities

Consequently, in December 2023, Onuorah said prices would increase by 15 per cent to 20 per cent in January 2024 across Nigeria amid economic hardship, and checks by Vanguard showed that loaves of bread in Lagos from N400 have increased to N700, N700 before now sold at N1,100, while N1,100 rose to N1,1400.


Kogi Bread Levy: Permanent secretary faces dismissal
Speaking further about the significance of bread prices to Nigerians, on Tuesday, Onuorah said, “The kind of bread we eat in Nigeria, there is a way Nigerians want their bread, the structure of the bread.


“You know we’re are the highest consumers of white bread globally. When you go to other places, they take croissants, they take baguettes, and other forms of bread.

“But, our bread (in Nigeria) comes in certain shapes. It must be sweet, it must be soft, and succulent. If you don’t produce it that way, you’re out of business.”

“And this whole thing, 60 to 65 per cent of the whole thing comes from wheat, and most of our wheat comes from Ukraine, Russia, and other parts of the world,” he added.



https://www.vanguardngr.com/2024/04/why-prices-of-bread-are-high-bakers/

3 Likes

European Football (EPL, UEFA, La Liga) / Re: Barcelona Vs PSG: UCL (1 - 4) On 16th April 2024 by iwaeda: 1:29pm On Apr 16
Ipada bo Abija grin grin grin grin
Politics / Re: Has Light Been Restored In Your Area? by iwaeda: 7:37am On Apr 16
Kosi na, kosì ina, kosi light. grin grin grin grin grin
Politics / Re: Has Light Been Restored In Your Area? by iwaeda: 8:39pm On Apr 15
helinues:
Up NEPA

grin
Won mun ina de nileyin. grin grin grin
Politics / Re: Has Light Been Restored In Your Area? by iwaeda: 8:38pm On Apr 15
Urheadmaster:
Since I entered Germany, light has never gone off.


What are you still doing in ikate/Elegushi and whitesand for inside Lagos tongue
I have properties around Oba Adeyinka, still waters and so on. cry cry cry grin grin grin grin
Politics / Re: Has Light Been Restored In Your Area? by iwaeda: 8:09pm On Apr 15
socialmediaman:
band A loading…
You mea. Bandit A. TCN they have restored Light, in my office we ran fuel throughout and in my area everyone is doing generator competitions. Reserving Inverter for heat of the night. angry grin grin grin angry
Politics / Has Light Been Restored In Your Area? by iwaeda: 8:04pm On Apr 15
Has Light been restored in your Area?
In my Area around Ikate/Elegushi/Whitesand no light oo angry angry angry angry
Politics / Re: Power Grid Collapses Again by iwaeda: 10:30am On Apr 15
ogododo:
Nigeria’s electricity grid has collapsed again, Daily Trust reports.

The grid collapsed around 2:42 am on Monday, with generation dropping to 64.70megawatt.


Only one generation company, Ibom Power, was active according to data from the Independent System Operator (ISO), a branch of the Transmission Company of Nigeria, has shown.

This is the sixth collapse in 2024.

Daily Trust reports that as of 8am on Monday, the latest data from the ISO showed that the grid is currently generating 266.50mw of electricity from Okpai, Geregu and Ibom power.

Confirming the collapse in a statement, Jos DisCo said: “The current outage being experienced within our franchise States is a result of loss of power supply from the national grid. The loss of power supply from the national grid occurred in the early hours at about 0242Hours of today, Monday, 15th April 2024, hence the loss of power supply on all our feeders.”

The company’s head of Corporate Affairs, Dr Friday Adakole Elijah, expressed hope that the grid is restored for normal power supply to its esteemed customers.

https://dailytrust.com/breaking-power-grid-collapses-again/

No wonder we don't have supply since yesterday. APC destroying Nigeria, yet we are in BAND A. grin grin grin grin

9 Likes

Politics / Re: Funsho Doherty Writes On Lagos - Calabar Coast Road Project by iwaeda: 9:15am On Apr 15
Mynd44, these are valid concerns on the project. grin grin grin grin

1 Like

European Football (EPL, UEFA, La Liga) / Chelsea Vs Everton (6 - 0) On 15th April 2024 by iwaeda: 7:54am On Apr 15
Chelsea vs Everton
Politics / Re: Funsho Doherty Writes On Lagos - Calabar Coast Road Project by iwaeda: 7:26am On Apr 14
Energist:
If this contract was about constructing kcoastal railway, I have no problem. However what sort of balderdash is a 15 trillion road when there's an existing road which connects all the major cities between Lagos and Calabar. Why not channel few trillions and finish up the East West road and Benin - Warri road, then use the rest to develop the coastal railway?
It's appaling that some people are trying to turn the affair to a north/south issue. If the coastal railway is built, won't northerners enjoy it too?

You get the gist brother, project more than budgets of more than 20 states combined. No tender, sole bid. grin grin grin grin

2 Likes

European Football (EPL, UEFA, La Liga) / Re: Bournemouth Vs Manchester United (2 - 2) -On 13th April 2024 by iwaeda: 6:11pm On Apr 13
Bournemouth Bournemouth 2 Manchester United 1 grin grin grin grin
Politics / Re: Funsho Doherty Writes On Lagos - Calabar Coast Road Project by iwaeda: 4:40pm On Apr 13
proeast:
Same criminal Tinubu awarded the most expensive railway line in Africa. This is the rogue destroying Nigeria but his useless, dirty and hungry supporters will be everywhere polluting the air with their stinking mouths.

Wasted generation of fools supporting an old criminal who is destroying their lives and future.
You mind them. I wonder if some people can think on their own. grin grin grin grin
Politics / Re: Funsho Doherty Writes On Lagos - Calabar Coast Road Project by iwaeda: 2:32pm On Apr 13
PressMyButton:

Stop masking your tears with fake emojis. There's nowhere the procurement act was breached. For enlightment sake, not all government contracts go through bidding process, not even your state government contracts. Government award contracts either through Bidding, PPP, or Counterpart funding. Next time, try cure your ignorance.
You must have read in the news where the President hosted the national leaders in Ikoyi, both the leadership of NASS and Governors Forum and after the meeting, Governor Abdulraman who is the chairman of Governors forum declared the support of the Governors for the project. Jagaban is not your mate, you're not dealing with GEJ here, even your Dubai landlord, Atiku already knows that Jagaban is way ahead.

Let Biodun556 speaks for himself. Governors that can't think for themselves. Go and read Public Procurement Act and come here to argue, you think doing wrong thing is by approval. When Buhari was destroying this country with his body odour, where you not part of those hailing. A nation where youth see their futures being mortgaged and laughing on in the name of defending useless politicians. A project of such humongous cannot be sole tender. grin grin grin grin angry

1 Like

Politics / Re: Funsho Doherty Writes On Lagos - Calabar Coast Road Project by iwaeda: 11:08am On Apr 13
Egbon Biodun good morning grin grin grin grin
Nlfpmod Nigeria, the more you know, the less you understand. No competitive bidding for a project like this. grin grin grin grin grin

Politics / Re: Funsho Doherty Writes On Lagos - Calabar Coast Road Project by iwaeda: 11:06am On Apr 13
Beremx:
I support the project as long as it favours the South. Buhari did the south dirty when it came to big projects. It's time for southern Nigeria to benefit too
Iya Beremx I hail o. Hope the road will pass middle of Atlantic city and we will have a TOLL just by Ahamadu Bello way. The road is a good idea, but the costing and I learnt rail is not part of the N15 Trillon yet. grin grin grin grin

2 Likes

Politics / Re: Funsho Doherty Writes On Lagos - Calabar Coast Road Project by iwaeda: 10:39am On Apr 13
Awon lokan to steal anything grabbleable. grin grin grin grin

7 Likes

Politics / Funsho Doherty Writes On Lagos - Calabar Coast Road Project by iwaeda: 10:29am On Apr 13
I wrote to the National Assembly on the Lagos-Calabar Coastal Road. It’s a moment of truth and whether they will rise in defense of the public interest in this matter, remains to be seen.


https://twitter.com/funsodoherty/status/1779059967363850626

4 Likes

Politics / Re: Naira Best-performing In April, To Exchange Below N1,000 Per Dollar – Goldman Sa by iwaeda: 10:46pm On Apr 12
Nlfpmod, this is positive and good news. grin grin grin grin
European Football (EPL, UEFA, La Liga) / Bournemouth Vs Manchester United (2 - 2) -On 13th April 2024 by iwaeda: 8:20pm On Apr 12
Bournemouth vs Manchester United
Politics / Naira Best-performing In April, To Exchange Below N1,000 Per Dollar – Goldman Sa by iwaeda: 7:05pm On Apr 12
Goldman Sachs has described Naira as the best-performing currency this month (April), saying the currency will exchange below N1,000 per Dollar.

The firm disclosed this in its latest report on Nigeria’s economic realities.



According to a report by Goldman Sachs economists, with the appreciation rate of the Naira in the foreign exchange market, the currency may exchange below N1,000 per Dollar in the coming months.


The report stated that the Naira rallied 12 per cent against the Dollar in April, adding to its 14 per cent surge in March.

Recall that in March, Goldman Sachs forecast that the Naira would appreciate to N1,200 per Dollar in 2024.

The group’s projection became a reality on Monday when the Naira exchanged at N1,230.61 at the official market and N1,200 at the parallel market.

With the Central Bank of Nigeria, CBN, intervening by selling FX to Bureau De Change operators at a revised rate of N1,101 per Dollar from N1,251, the Naira appreciated by N60, trading at 1,140 per Dollar at the Parallel Market on Friday.

In the past months, CBN has said the country has witnessed a surge in capital inflows on the backdrop of several policy interventions.


At its last Monetary Policy Committee, MPC meeting, the CBN raised the interest rate to 24.75 per cent, helping it retrace losses caused by two devaluations since June last year.

https://www.vanguardngr.com/2024/04/naira-best-performing-in-april-to-exchange-below-n1000-per-dollar-goldman-sachs/

1 Like

Politics / Re: Lagos-calabar Highway Project Is A Highway To Fraud, Waste - Atiku by iwaeda: 9:13am On Apr 12
soil4soil:
But all the construction from South West to Adamawa is fraud or waste.

A vice president that thinks like kindergarten

Some one that wants to be president thinking like a baby

Slaves love slavery. grin grin grin grin grin

25 Likes 2 Shares

Politics / Re: Lagos-calabar Highway Project Is A Highway To Fraud, Waste - Atiku by iwaeda: 7:54am On Apr 12
tollyboy5:

The 3k toll fee is just rubbish. How did they arrive at that fee when naira has not yet gotten to a stable rate.

Ask those who built Lagos, how they built massive toll gates at Lekki and Chevron. Started collecting that of Lekki, but restraint from Chevron, yet 20% of the road was not completed. grin grin grin grin grin grin

9 Likes

Politics / Re: Lagos-calabar Highway Project Is A Highway To Fraud, Waste - Atiku by iwaeda: 10:06pm On Apr 11
#15 trillion to Chagouri, a road they have not started,they already have N3k toll fees in mind. grin

84 Likes 4 Shares

Health / Re: Lagos Gov’t Yet To Fix The Elevator That Killed Doctor In General Hospital by iwaeda: 9:56pm On Apr 11
nlfpmod:


https://fij.ng/article/confirmed-8-months-after-lagos-govt-yet-to-fix-elevator-that-killed-doctor-in-odan-general-hospital/

Do you think Lagos is being governed by OBS, may be Oga at the top have not find any tout to buy the lift. Until the next incident, when they will make noise like eureka can. Irony is that some good for nothing urchins will be defending them. Until the devil fires the next arrow. Iree oo. grin grin grin grin

3 Likes

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