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That guy would have girls running after him for the experience in camp. Many girls use NYSC as an opportunity for escapades, they believe they will relocate from the area soon and do not have to carry the baggage with them. |
Guys, do not worry many of us knew Govt. won't be able to publish recovered funds with names due to legal reasons, but again be assured some elements in Govt. will publish it through the back door ( Sahara Reporters). Watch out for details on Sahara Reporters soon. |
erico2k2:Now you know that 75% of nairalanders actually not that knowledgeable. |
I am disappointed. I may have to pay more now for custom duties!. It is funny though, that those calling for devaluation are still the ones lamenting most about this. |
knowyaself3:I can understand that foreign investors may be optimistic that we will devalue very soon and asuch are not eager to buy naira now. For fear that naira will soon become cheaper (i. e devalued), but what I don't understand is how does this stall on foreign investment, which I believe is not up to 15% of the stock market share outweigh the benefits of pegging the naira at 199 and making it available to key and very essential industries Why can't the foreign investors take advantage of the parallel market or even the banks whom are more than willing to buy dollars at a higher rates than the official rate. I somewhat feel this call for devaluation is a booby trap for this government, the moment they plunge into it the economy will take a drastic downward spiral, and we would be in serious trouble. If you devalue naira to 290 naira per dollar, the FG will still have insufficient amount of dollars due to low crude oil prices and many will still have to source dollars in the black market. By then dollar to naira will be about 500 naira, and things will be worse for us. What we need is to be dogged and weather the storm, the NSE is on the path to recovery, and the all share market index is better than that of January 2016, and hopefully would grow. Where Govt needs to focus their energy is in reviving the refineries, resolving issues with NDA, in return Govt can get better revenue from oil sales and at the same time generate more power due to free flow of gas. |
Pesuzok:Yeah those guys are really crippling the economy. I don't think it has anything to do with better life for Niger Deltans, the big players in this country that are being squeezed by Buhari are just fighting back. I forsee the negotiations with NDA failing. |
t2luv1:Thanks for the insight. Pls. Can you explain what this foreign bond thing is about and how the naira to dollar exchange rate affects it? I just hear about bond sales but I really don't understand how it works |
Most people do not even understand what they are reading, foreigners are asking you to devalue, for their own interest and not really Nigeria's interest. Quoting a part of the report " Foreign reserves dwindled as the central bank defended the peg, while foreign investors, fearing a devaluation, sold Nigerian stocks and bonds." This part I don't get, you thought we would devalue so you sold your Nigerian investment, and you are still asking us to devalue The issue we should discuss is what happens when we devalue: If today CBN devalues naira from 199 to 300 naira per dollar what will be the ripple effect and consequence Does who are against Buhari's currency policy should please shed light on this. |
str8talk1: mekussa:One wonders what you actually want. No other ethnic tribe has been insulted, bashed, abused like the Hausa/Fulani tribe on this same nairaland. We need to stop being biased towards one another, everyone has chastised the Fulani herds men for their atrocities but who speaks when the Fulani herdsmen are unjustifiably killed. I have always said it that the fulani killings are always predicated on some past perceived injustice against them. We need to create a just society, where everyone's interest is protected. The perpetrators of this dastardly act at Nimbo must be given the highest punishment and similarly those who attack Fulanis and their cattle, should also be prosecuted. |
neocortex:Those two are young lovers, unfortunately Yunusa had impregnated her, but let me predict the end of this movie for u, the lovers will eventually reunite. The guy never raped her, He was sleeping with her right from Bayelsa, and there is no story about her being forced. Ese's mother should really be blamed here, she didn't instill much morals in Ese, otherwise Yunusa wouldn't have been able to have his way with her. |
SaffronSpice:You can only establish peace and development through justice. What the Governor has done is to try to heal wounds by allowing the people to agree to a resolution. Obviously if farms were destroyed in this case, they would have made a case for the destroyed farms. The fulanis are not always the aggressors all the time, they are sometimes victims. What is most important is that there must be a system through which people can seek redress and get prompt justice, whether it be the farmer or the cattle herder. |
Below is the list of real oil block owners in nigeria as revealed by This Day 1 Alfred James Petroleum OPL 302 1991 Adewunmi Sijuade, Goke Sijuade, Adedeji Sijuade, Olayinka Sijude, Adeyemi Osiyemi and Femisola Awosika, with A.O Adeyinka as Chairman 2 Soglas Nigeria Limited OPL 226 1991 Oscar P. Udoji, P.E Udoji, E.E. Nwosu, with J.O. Udoji as Chairman 3 NorthEast Petroleum OPL 215, 840 &902 1991 Kommer Complex Limited, Nwokema Ngozi Mbu, Abubakar Jubril and Ashiru B. Aliu, A. Ayankoya with Saleh Jambo as Chairman 4 Optimum Petroleum OPL 310 1992 R.D. Adelu, Yusuf N’jie and O.A. Aremu with Ibrahim Bunu as Chairman 5 Sunlink Petroleum OPL 238 & OPL 311 1993 Olaniyi Olumide, Hayford Alile, Samuel Bolarinde, Richard Adelu, Martins Olisa, John Brunner and Emmanuel Ojei 6 Express Petroleum OPL 108 & 227 1995 Ahmade Rufai, Tajudeen Dantata, Dalhatu Gwarzo, Lawan Omar with Aminu Alhassan Dantata as Chairman 7 Dubril Oil Co. Nigeria OPL 96 1987 B.N. Itsueli, C.A. Itsueli, O.O. Itsueli, A.E. Ihuegbu with U.J. Itsueli as Chairman. 8 Amni Int. Petroleum OPL 112 &117 1998 &1999 E.C Edozien, Tunde Afolabi with Sanni Bello as Chairman 9 Atlas Petroleum Int. Nig Ltd OPL 109 1996 Umaru Ndanusa, Ikechukwu Joseph, Mohammadu Murtala with Arthur Eze as Chairman 10 Consolidated Oil OPL 103, 458, 136 1993, 1998 &2006 O. Adenuga and Ebi Omatsola with Mike Adenuga as Chairman 11 Oriental Energy Resources OPL 115 1999 Usman Danburan, Jibril Mohammed Indimi with Senior Mohammed Indimi as Chairman 12 Cavendish Petroleum Nig. Ltd OPL 110 1996 Gambo Gubio with Mai Deribe as Chairman 13 Allied Energy Resources Nig. Ltd OPL 120 & 121 2001 Mickey Lawal as Director with Kase Lawal as Chairman 14 Peak Petroleum OPL 122 2001 Adekunle Olumide, W. Bolaji, Florence D. Oluokun and Ayodeji Oluokun with M.A. Oluokun as Chairman 15 Summit Oil Nig. Limited OPL 205 and 206 1990 L.K.O Abiola, Radio Communications Nig. Ltd with M.K.O Abiola as Chairman 16 Crownwell Petroleum Ltd OPL 305 AND 306 1993 S.K Adejumo with Sair Kuashi as Chairman 17 Famfa Oil Ltd OPL 216 (OML 127) 1993 Folorunso Alakija wit Modupe Alakija as Chairman 18 MoniPulo OPL 114, 239, 234, 231 1999, 2008, 2008, 2007 F.A. Agama with O.B. Lulu Briggs as Chairman 19 Yinka Folawiyo Pet. Company OPL 113 1998 S.T. Folawiyo, T.B Folawiyo with W.I Folawiyo as Chairman 20 Zebbra Energy Limited OPL 248 2004 S.A. Oloko, Boni Madubunyi, Zimako O. Zimako with A.B.C. Orjiako as Chairman 21 Oil and Gas Limited OPL 249 and 140 2003, 2006 M.O. I drisu with Reggie Uduhim as Chairman 22 Continental Oil and Gas Limited OPL 59 1998 Agbolade Paddy, Subair Shefiu with Mike Adenuga as Chairman 23 Emerald Energy Resources OML 141 2001 J.O. Amaefule, P.L. Caldwell, A.C. Uzoigwe, Amos NUR, C.N. Chieri, Femi Akingbe, F.A. Njoku with Emmanuel Egbogah as Chairman 24 Oranto Petr. Limited OPL 320 2002 Arthur Eze as Chairman 25 Dajo Oil Limited OPL 320 2004 R.B. Domingo, M.O. Domingo, U.R. Domingo with Domingo Obande as Chairman 26 Malabu OPL 245 Dan Etete as Chairman 27 Orient Energy OPL 915, 916 N. Nwawka with Emeka Anyaoku as Chairman 28 Sahara Energy Exploration OPL 284, 228, 332 2005, 2006 Buba Lawal, Cole Tonye, Odunsi Ade as Directors 29 Enageed Resources Limited OPL 274 2007 Buba Lawal, Cole Tonye, Odunsi Ade as Directors 30 Seplat OPL 4, 38, 41 2010 A.B.C. Orjiako and Austin Avuru 31 Ekcrest E & P Limited OPL 40 2012 Emeka Offor as Chairman 32 First Hydrocarbon OPL 26 2011 O.A Azazi as Chairman 33 Neconde OPL 42 2011 Amesi Azudialu, John Umeh, Nnenna Obijesi 34 Niger Delta Western OPL 34 2012 Olayiwola Fatona, David Richards, P.O. Balogun, T. Omisore 35 Transcorp OPL 281 2011 Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola and Nicholas Okoye 36 Starcrest, Cross River Energy & NPDC OPL 242 2011 Emeka Offor, Chris Garuba 37 Starcrest OPL 291 Emeka Offor, Gidado Idris, Yzoni Yaw 38 South Atlantic (SAPETRO) OPL 264 (130) 1998 Miguel Guerrero, Joy Ikiebe, Guerrrero, with T.Y. Danjuma as Chairman 39 Oando OPL 278, 236 2005, 2006 Magoro, J.A. Tinubu, O. Boyo, M.O. Osunsanya, O. Adeyemo, O. Akpata, Oba Gbadebo, A. Peppe and Appiah Korang 40 Ashbert OPL 325 Albert Esiri, Ifeoma Esiri 41 Oil World OPL 241 2007 Gbenga Olawapo, Adekunle Akintola, Ibukun Olawepo, Rachael Akintola 42 Pan Ocean OPL 98, 275 1976, 2007 F.A. Fadeyi, M.D. Yusuf, S.D. Adeniyi 43 Cleanwater Consortium OPL 289 2007 Arumeni-Ikhide Joseph, Okey Nzenwa, Abu Ibrahim. 44 Afren Global Resources OPL 907, 917 2005, 2008 Rilwan Lukman, Osmah Shahenshah, Evert Jan Mulder, Peter Bingham, Guy Pass, Bet Cooper, Constantine, Egbert Imomoh 45 Centrica/CCC/All Bright Consortium OPL 276, 283 2005, 2006 Jake Mirica, John Sheers 46 Gas Transmission & Power Ltd OPL 905 2005 Ahmed Joda, Babangida Hassan Katsina, Makoji Aduku, Abubakar Joda 47 Global Energy Company Limited OPL 135 2005, 2010 S.A. Onabiyi, M.A. Koshoni, T.T. Anyansho, J.N. Obiago 48 New Nig. Devt. Company OPL 733,809, 810,722 Northern State governors 49 Tenoil Petroleum Energy Services OPL 2008 2007 Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola, Nicholas Okoye, with Elumelu as Chairman Marginal Fields Operators 1 Niger Delta Company Ogbele (OML 54) 1999 Aret Adams, Uduimo Itsueli, Sammy Olagbaju, David Richard, Udi Ibru and Fatona Layi 2 Prime Petr. Ltd & Suffolk Petr Asaramaroru (OML 11) 2003 MacPepple Henry, Macpepple Joy, Macpepple Emmanuel, Macpepple Elfrida and Macpepple Victoria 3 Oriental Energy Owok (OML 67), Ebok 2006, 2007 Alhaji Indimi, Usman Danburran 4 Universal Energy Stubb Creek Field (OML 13/14 2003 Amana Nkoyo, Mianaekere Nelson, Abubakar Hayatou, Mboho Emmanuel, Ekpo Akpan, Inyang Etim (Akwa Ibom Govt. 5 Eurafric Energy Limited Dawes Island (OML 54) 2003 Onoh Anthony, Onoh Christiana, Onoh Ngozi, George Udoekong, Nwauche Erastus. 6 Pillar Oil Limited Umusati/Igbuku (OML 56) 2003 Onosode G.O, Fadahunsi O, Amakiri J., Hassan-Katsina Usman, Tonwe Basife, Obaseki Godwin, Akoyomare Ambrose, Fisher Abayomi, Anaekwena Anthony, Avuru Spencer, Onosode Spencer, Hassan-Babangida. 7 Bayelsa Oil Company Atala (OML 46) Bayelsa Govt, Brigidi David, Alamieyesheiga Anitonbrapa, Ifimain Ekine, Jonathan Selereipre, Enddeley Francis, Chinwetelu Chris, Willians E.J., Aliyu Abubakar 8 Movideo E&P Ekeh (OML 88) Idau Sadiq, Jacobs Kayode, Enahoro Victor, Mohammed Aishatu, Tugger Yusuf, Okwuaive Iyabo, Sadare Raymond 9 Bicta Energy Ogedeh (OML 90) Adesemowo G.A, Bashir MM, Onumodu Soye, Akinro C.A, Malberbe T. Unejei T. 10 Guarantee Petrr & Owena Oil Ororo (OML 95) Rufus Giwa, Ayodele Johnson, Fayose Abiodun, Unuigbe Odion, Omobomi Samuel, Rotimi Luyi, Adefarati Tunde, Duyie Korede, Ojo Segun, Ogedengbe Dele, Aidi Abass, Adegbonmire Wunmi, Amoye Mofisco, Ebiseni Sola, Oladunni Solomon, Agoi-George Segun, Akinruntan F.E, Hassan AlGazali, Eburajolo Victor, S.A. Ajayi. 11 Platform Petroleum Limited Egboma (OML 38) Edmund Daukoru, Avuru Austin, Amachi Moshe, Adegoke Oluwafeyisola, Addo-Bayero Nasir, Ewendu Chidi . 12 Sogenal Ltd Akepo (OML 90) Funso Lawal, Joda Abubakar, Harriman Hope, Odu Bunmi, Edohoeket Samuel, Yahaya Mohammed, Dada Nicholas, Yellowe Kenneth. 13 Chorus Energy Amoji (OML 56) Akerele Chris, Mamman Samaila, Ihetu G.S. Braide Kombo, Banks Nigel, Clubb James, Uhuegbulem Ben, Baba Gana Abba. 14 Millennium Oil and Gas Oza (OML 11) Ali Chris, Maseli John, Karrs Sastry, Shama Yogi, Igweze Emeka, Bashir Farouk. 15 Brittania U-Nigeria Ajapa (OML 90) Ifejika Uju, Ifejika Emmanuel, Omu Paul, Otiji Igwe, Ikpeme Ita, Cardoso Tokie, Okonkwo Annie, Inua Mogaji, Mbanefo Louis, Ombu AVM, Horsfall A.K., Ukpong Uche, Ogoro Emomena, Ifejika E.I, Umar Alhaji, Ikpele A.O 16 Network E & P Qua Iboe (OML 13) Ajose Adeogun Ladi, Adesomoju Akin Alex -Duduyemi, Adewusi Adebowale, Ifode Yeletide, Gasau Ismaila Musa, John Etop, Olagbede Olufemi. 17 Waltersmith Petroman & Morris Petr. Ibigwe (OML 16) Isa Abdulrasak, Saleh Danjuma, Utomvie Nyingi, Ita Princess, Okoli Ndubuisi, Kakpovie Anthony, Okpala Eugene, Idrisu Mammudu, Idrisu Lawal, Isokrari Ombo, Nzeakor Nick, Abdulsalami Abdul, Nwabudo Ignatius. 18 Midwestern Oil & Gas & Suntrust Oil Umsadege (OML 56 ) Igbokwe Ken, Afejuku Anthony, Daultry Akpeti, Sagoe Kweku-Mensah, Gambo Lawan, Oshevire William, Mordi Sylvanus, Maidoh Daniel, Fatayi-Williams Babatunde, Mohammed Waziri, Emerhor Otega, Dublin-Green Winston, Mohammed Abubakar, Oduah Stella, Okafor Ugo and Baba-Ahmed Mouftah. 19 Independent Energy Limited Ofa (OML 30) Ikelionwu Emeka, Ohunmwangho Steve, Yar’Adua Murtala, Okudu Anthony, Bello Shamsudeen, Obaoye Michael, Monanuma. 20 Del Sigma KE (OML 55) Amachree Sokeiprim, Ungbuku K.D., Bakut J.I, Chaff Kabiru. 21 Associated Oil & Dansaki Petroleum Tom Shot Bank (OML 14) Machunga Laraba, Gwadah Bitus, Balat Isaiah, Uzor Azuka, Ibok Udo, Uzoechi Isaac, Kadiri Samuel, Afolabi Aderenlr, Yinka Aina 22 Frontier Oil Limited Uquo (OML 13) Dada Thomas, Lolomari Odoliyi, Kolade Victor, Yisa Solomon, Nwasikeobi, Alechenu Emmanuel, Bello Falalu. 23 Energia Limited & Oando Prod. Devt Ltd Ebendo/Obodeti (OML 56) Horsfall A.U, Aribeana Stephen, Shawley Cooker, Bello Lawal, Ene Emeka, Afolabi Ade, Coker Sam, Esiri Albert, Dibiaezue Ifeoma, Hammad Charles, Macgregor Olushola, Oando 24 Goland Petroleum Devt. Company Oriri (OML 88) Kingsley Ngelale, Mogaji Gambo, Slako Johnson, Anthony Dotimi 25 Excel Exploration & Production Eremor (OML 46) Abiodun Awosika as shareholder. 26 Sahara Energy & African Oil Ltd. Tsekelewu (OML 40) Baba Lawal, Cole Tonye, Odunsi Ade, Adeniji Titi, Akinla Ladipo, Bently John, Ciroma Musa, Odili Obi F., Du-Frayer. 27 Green Energy International Ltd Otakikpo A.A. Olojede as shareholder. 28 All Grace Energy Ubima (OML 46) Adeola Adenikinju, Sola Alab |
beautycrush24:Absolutely correct, I work in that industry and u 're so correct. However it is a good development Ntel coming can make others faster too, due to load redistribution |
When sort of people are Nigerians EFCC investigated the sharing of some 900 million naira naira Shekarau's name came up and like it is done everywhere else in the world, He has been invited. So what are some people wailing about I don't get it?I am more than convinced that Nigeria didn't become the mess it is today by mistake,the mess we are is a reflection of who are and what our values are. Reading some of the comments here just corroborate this assertion . |
oc2fish:That is a scientific theory that is yet to be corroborated with facts especially in humans. In many Arab countries people marry their cousins and I am not aware of any particular prevalence of a genetic disorder in that region as a result of this. However, it will be proper to discourage cousin marriage if it is proven to have an effect on the health of the offspring, but my point was different cultures have different practices and we shouldn't judge other cultures using ours as the yardstick. What is alien to one culture may not be alien others. |
Gkemz:It is a taboo in Yoruba culture and many other cultures but not all cultures in the world see it as a taboo. Our cultural practices are not the same everywhere. Queen Elizabeth II married her 3rd cousin and that would even still be a taboo in Yoruba land.Albert Einstein also married his first cousin |
Fickie:They are not insane,they are deliberately trying to create a certain impression. |
There is no doubt this govt has taken off slowly, one can only hope things pick up now after the budget is passed. What can make the economy rebound and cause massive job creations is the execution of large number of capital projects. A lot of building and construction projects needs to be rolled out in order to push liquidity into the economy and create jobs. Well, I think the downstream sector needs to be fully deregulated, and perhaps this govt just lost the opportunity to do so. However, Nigerians should be aware that full deregulation will come at a price. PMS may initially sell for around 160 naira. But more importantly Govt. needs to be responsible and responsive to the needs of Nigeria. Govt is expected to remain a big player in the downstream sector by ensuring they control price through flooding of the market with supply as a means of controlling price on a short term basis. In the long term it is expected govt will reposition herself to remain a big player in the downstream sector by restoring the refineries back to optimal state and building new refineries. Nigeria has no business importing refined petroleum products, we should be exporting instead |
From 1999 til mid 2008, the price of oil rose significantly. It was explained by the rising oil demand in countries like China and India.[6] In the middle of the financial crisis of 2007–2008, the price of oil underwent a significant decrease after the record peak of US$145 it reached in July 2008. On December 23, 2008, WTI crude oil spot price fell to US$30.28 a barrel, the lowest since the financial crisis of 2007–2010 began. The price sharply rebounded after the crisis and rose to US$82 a barrel in 2009.[7] In July 2008 oil reached a record peak of US$145 but by February 2009 it sank beneath $40 a barrel.[8] On 31 January 2011, the Brent price hit $100 a barrel for the first time since October 2008, on concerns about the political unrest in Egypt.[9] For about three and half years the price largely remained in the $90–$120 range. In the middle of 2014, price started declining due to a significant increase in oil production in USA, and declining demand in the emerging countries.[10] The oil glut—caused by multiple factors—spurred a sharp downward spiral in the price of oil that continued through February 2016.[11] By February 3, 2016 oil was below $30—[12] a drop of "almost 75 percent since mid-2014 as competing producers |
dvee2:In January 1999 the price of a barrel of oil reached a low point of $16 when Iraq increased its oil production at the time of the Asian Financial Crisis when demand for oil fell. Prices then increased rapidly, reaching $35 in September 2000, and after a temporary fall reached $40-50 by September 2004. Crude oil prices surged to a record high above $60 in June 2005, and by early August 2005 hit $65 as consumer demand was maintained. In September 2007, the price of US crude oil broke the $80 barrier. In October 2007 a barrel of US light crude oil exceeded $90 for the first time, due to a combination of tensions in eastern Turkey and a fall in the value of the US dollar. The next psychological watershed of $100 was briefly breached in early 2008, but the price fell again until the end of February after which it remained and rose well above this new setting. Then a visible ramping effect became evident and so the price exceeded $110 on March 12, 2008; $125 on May 9, 2008; $130 on May 21, 2008, $140 on June 26, 2008 and $145 on July 3, 2008. The record was reached on July 11, 2008 at $147.27 as a consequence of geopolitical tensions over Iranian missile tests. |
God bless the Nigerian Army |
ridwanayo:Let me tell you the truth, Ekiti are educated people with big paper qualifications and that is it. We are yet to acquire the mentality of maintaining and developing systems or processes without supervision. The abilty is there but thw discipline and maturity is absent. That is why till today, our big local companies are awash with Indians not because they are technically better. I would give NNPC to foreigners to handle if I were president |
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So what really happened after Buhari was overthrown Babangida took over and it became business as usual, corruption grew at a monumental pace!, The story has still not changed, PDP ruled us for 16 years what was the outcome?? They left us with a comatose Power company and an almost dead NNPC. And u think all that will be fixed in 4 years . Buhari is unfortunate He came at a time when oil prices had crashed, it is even more unfortunate that He is ruling a nation of many naive people. When one reads some comments then it becomes clear why Nigeria is where it is today, because that is just the level many Nigerians belong |
Tenny coco just became a celebrity |