₦airaland Forum

The comments show that people did not read all of the article before commenting.

Thanking God for the drop in rice importation through Nigeria while Beninoise rice imports went up by 100% thereabout.

Live comedy from many angles

Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows.

Automakers from Renault SA to Tesla Inc. have long touted the cheaper fuel and running costs of electric cars that helps to displace the higher upfront prices that drivers pay when they buy the zero-emission vehicles.
Merkel Signals Shift in U.S.-Europe Relations
Swissquote Says Draghi Has to Be Dovish Today

Bloomberg New Energy Finance sees electric cars becoming cheaper than conventional vehicles by 2030.
Markets: Canada." (Source: Bloomberg)

Now research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will also be cheaper to buy in the U.S. and Europe as soon as 2025. Batteries currently account for about half the cost of EVs, and their prices will fall by about 77 percent between 2016 and 2030, the London-based researcher said.

“On an upfront basis, these things will start to get cheaper and people will start to adopt them more as price parity gets closer,” said Colin McKerracher, analyst at the London-based researcher. “After that it gets even more compelling.”

Renault, maker of the Zoe electric car, predicts total ownership costs of EVs will by the early 2020s equal conventional internal combustion engine vehicles (known in the trade as ICE), according to Gilles Normand, the French company’s senior vice president for electric vehicles.

“We have two curves,” Normand said in an interview earlier this month in London. “One is EV technology cost reductions because there are more breakthroughs in the cost of technology and more volume, so the cost of EVs will go down. ICE going to go up as a result of more stringent regulations especially regarding to particulate regulations.”

https://www.bloomberg.com/news/articles/2017-05-26/electric-cars-seen-cheaper-than-gasoline-models-within-a-decade

In 2010, this company messed me up when I ordered them to send flowers and chocolate to someone in Pretoria, all because I used a Nigerian Mastercard. They never returned my money nor delivered my order to date.

No he does not want you to (sleep with another man). He just wants to justify his emotional insecurity by finding out that you are. Some parents could play along to save the family face but are they the type that typically weigh outsider validations higher than high moral choices? Only you can answer that by yourself, OP. If the answer is yes, then it is for you to decide if you will play along but be rest assured that even if you give 100 children you will never get a speck of respect thereafter from them all.

If you cannot stand or assuage your husband's insecurity, save yourself first. Save the marriage later.

However like the previous poster stated, a sperm bank is more dignifying.

Probable shortcut to dating a female sapiosexual: targeting (student and professional) lawyers and scientists...

I will just say these:

foreign investors want the most naira for their dollar, that is the reason for the request for devaluation.

If you work abroad, and you bring dollar to Nigeria do you do good Nigerian and exchange your dollar at CBN rate or do you go to black market.

If you go to black market to get the most naira for your hard earned dollar or forex, why do you think a foreign investor will want a mumu-nified exchange rate from CBN.

Most often foreign investors don't mind if the diff between CBN and black market rates are minimal, but again, look at the last few weeks' magic by CBN.

While serious manufacturers and industries have been on queue for dollar for months, they are trying to prop up a minimal differential between black market and interbank even though the fundamentals of sustainable demand and supply has not been addressed.

They are just wasting time propping Nigerians' psyche and distracting the core conversation - let the market float!!!!

On whether devaluation makes us export more, that is only if government is willing to drive the economy to do so. It does not intend to.

It did not under Buhari (1984), IBB (1985-93), Obasanjo when oil prices fell as low as $9. If Oil price na babe, the herbalist wey she dey use control Fed Govt head na MVP.

Seriously, the Nigerian elites do not have an incentive to go through that long-run route because they are not adequately threatened by the Nigerian populace to build infrastructures, incentivize businesses, create jobs, federalize/ decentralize the economy to create jobs, goods and services from which the government can get a sustainably diversified revenue base.

So rather than do that, they give themselves contracts and import opportunities and keep the forex rates stratified to their convenience.

No be joke say person dey buy dollar with one phone call from the garden. But the issue is more complicated that it looks and the populist psyche of strong dollar is a very fringe aspect of this serious issue.

The naira is still coming back down, unless global productivity grows strong enough to outstrip available oil supplies. That is wishful these days. But I hope to be wrong.

Truckloads of psychologists on university campuses to attend to you on consultancy basis.

The Nigerian economic situation is very precarious for the extent to which it has affected already poor standards of living. Admittedly the worst hit are people in the major cities who directly bear and enjoy first hand, the effects of economic despair and prosperity respectively in its greatest proportions. This had not been helped by the tomato saga. While I will attempt to avoid blame trading as it will not serve any purpose, there will be need to understand how some actions of government can help the Nigeria economy to rebound...

https://theirojupages./2016/08/14/%e2%80%8bhow-to-save-the-nigerian-economy

The Nigerian economic situation is very precarious for the extent to which it has affected already poor standards of living. Admittedly the worst hit are people in the major cities who directly bear and enjoy first hand, the effects of economic despair and prosperity respectively in its greatest proportions. This had not been helped by the tomato saga. While I will attempt to avoid blame trading as it will not serve any purpose, there will be need to understand how some actions of government can help the Nigeria economy to rebound...

https://theirojupages./2016/08/14/%e2%80%8bhow-to-save-the-nigerian-economy

Every government passes through phases in its bid to establish and strengthen its incumbency. This situation is more so in a government established through force. Sometimes the coup plotters are lucky to have the people on their side, so they then seek international acceptance which is usually the other half of the legitimacy coin. For a democratically elected government, elections stamps legitimacy internationally, but marginally won democratic elections can create domestic legitimacy problems.

https://theirojupages./2016/08/07/from-legitimacy-to-impunity-a-governments-metamorphosis

akagson:
Which school is that?

University of Toronto

Someone is claiming she got the scholarship and I am trying to verifying the genuineness of her claim.

She made it sound as if she will be further invited for interview next month. I did not think so but I thought I should ask here.

Thanks for your responses rol100, akagson...

Can anyone confirm what is the next step after securing the scholarship? Especially for UoT?

Thanks....

Alberta and oil prices: How Middle East geopolitics and religion affect our future
Calgary's economic fortunes enmeshed in decisions made on the other side of the globe

Harrie Vredenburg and Tim Marchant · for CBC News
March 27, 2016
GLOBAL-OIL/
Saudi Arabia's Oil Minister Ali al-Naimi at a news conference following a meeting in Doha, Qatar February 16, 2016. (Naseem Zeitoon/Reuters)
2k shares 896 comments

Calgary at a Crossroads
Calgary is unlike most other cities.

It is a city of 1.2 million people separated from its two nearest urban neighbours by 300 kilometres of prairie and 1,000 kilometres of mountains.

Yet as a city Calgary's economic fortunes are affected less by the surrounding landscapes and neighbouring cities, and more by difficult-to-comprehend and impossible-to-influence decisions made on the other side of the planet.

ANALYSIS | Oil optimism yes, but it's too early to bet the farm on a full-fledged recovery: Don Pittis
For better or for worse Calgary's well-being and prospects hinge on the world price of oil.

Here is a look at the escalating rivalry between Iran and Saudi Arabia and what its impact might be on Calgary.

The history of the rivalry

We have visited and worked in both countries.

To Alberta eyes there are many similarities between the two Middle Eastern countries ruled by adherents of Islam.

But that only makes the rivalry more difficult to understand.

So, what are the differences between the two countries? What is the historical basis of this national rivalry?

Why is it heightened today?

Saudi Arabia severs ties with Iran, expels Iranian diplomats
Justin Trudeau advised to deepen ties with Saudi Arabia, brace for change in Iran
And does all this have any implications for Calgary's economic fortunes as a city tied in to the global oil market?

The Kingdom of Saudi Arabia and the Islamic Republic of Iran are the largest and most powerful countries in the Middle East.

Ethnically Saudi Arabia is Arab while Iran is predominantly Persian.

Saudis speak Arabic, while Iranians speak Farsi.

SAUDI-IRAN
Shi'ite Muslims try to cross a barricade during a protest against the execution of cleric Nimr al-Nimr, who was executed along with others in Saudi Arabia, in front of Saudi Arabia embassy in New Delhi, India, January 4, 2016. (Adnan Abidi/Reuters)
While both are Islamic states, Saudi Arabia follows the dominant Sunni Islam while Iran follows the minority Shia Islam.

Shia Islam, practiced by only 10 per cent of Muslims worldwide, traces its origins to the death of the Prophet Muhammad when Shiites claim that spiritual leadership was passed to twelve of his descendants.

Sunnis do not. The two branches of Islam have been rivals ever since.

Sunni, Shia conflict rooted in dispute over Prophet's successor
This sectarian divide forms the basis of most of the conflicts in the region.

Iran tries to expand its sphere of influence through its Shia co-religionists in the region while Saudi Arabia does the same with its Sunni allies.

But what does it have to do with Calgary and the global oil economy?

Iran and Saudi Arabia can produce low cost oil

In 2014 this ancient animosity between these two regional powers spilled over into the global oil economy.

Saudi Arabia and Iran are two countries with some of the largest onshore oil reserves that can be produced at low cost. Oil exports provide significant revenues to both governments.

Saudi Arabia is the world's leading exporter of crude oil.

While Saudi has used oil revenues to build its financial strength, Iran has been excluded from the global oil market since the United States and others imposed economic sanctions on Iran, originally in 1979 and strengthened in 1995.

Recent multi-lateral negotiations resulted in the removal of these sanctions in exchange for Iran limiting its nuclear programs and subjecting them to international scrutiny.

In January 2016 agreement was reached and sanctions have been lifted. Iran may now resume selling its oil on world markets and may invite new international investment in its oil industry.

Canada lifting some economic sanctions against Iran to 'resume dialogue'
This re-entry of Iran into the global oil market comes at an inopportune time.

The world already is awash in oil.

So who is going to make room at the oil market table for the newly arrived Iranian guest?

Oil slides below $30 US as Iraq ramps up production
Will Calgary and Alberta let the Iranians take our market share? Will Saudi and other Middle Eastern producers cut back their production?

Probably not and the surplus supply of oil will continue to depress world oil prices.

Harrie Vredenburg
Harrie Vredenburg (second from left) at the Royal Palace in Riyadh, Saudi Arabia meeting with Majid Abdullah Ibrahim Al-Moneef (in white at right), Secretary General of the Supreme Economic Council of Saudi Arabia (Submitted by Harrie Vredenburg)
How Calgary got rich

Why is the world awash in oil? Or to put it another way, why are there so many guests crowding around the world's oil market table?

In the last decade and a half growing energy demand from China, India and the other emerging economies coincided with declining production from conventional oil reserves.

Markets became concerned that new oil supplies were increasingly difficult to find and develop. In a market short on supply while facing huge demand, oil traders drove prices above $100 per barrel.

$100 oil: Will we ever see it again?
High prices encouraged innovation in Canadian oilsands technology and production surged ahead.

Equally, new horizontal drilling and hydraulic fracturing technology developments brought unprecedented quantities of new U.S. and Canadian shale oil and natural gas onto the global market. Alberta and the Calgary economy boomed, again.

At first this new North American shale oil and oilsands production did not affect global oil prices because the growing Asian economies absorbed these new barrels.

When demand from Asia started to slow, the Organization of Petroleum Exporting Countries (OPEC), led by Saudi Arabia, cut supply to support the global oil price.

Oil sands tar sands Alberta
A haul truck carrying a full load drives away from a mining shovel at the Shell Albian Sands oilsands mine near Fort McMurray, Alta., Wednesday, July 9, 2008. (Jeff McIntosh/Canadian Press)
Then things go wrong

OPEC has actively managed oil prices since the early 1970s by coordinating production and controlling the global supply. Alberta is a significant oil exporter and has benefited from OPEC's global oil price management

But recent increases in oil supply came from Alberta oilsands and North American shale oil, not from the OPEC countries.

'Their strategy is to discipline the producing countries'
Harrie Vredenburg, Tim Marchant
World markets looked to OPEC to limit its production to make room for these new oil barrels.

In late 2014 OPEC decided that it would no longer restrict its production to compensate for the new production from North America.

Oil price predicted to fall to $60 unless OPEC cuts back
OPEC and the Saudis were losing too much of the global market share.

The Saudis and the rest of OPEC were free to produce as much oil as they wanted.

The result was a dramatic 70 per cent drop in oil prices which caused devastation to Calgary-based oil producers.

Why did Saudi Arabia take this damaging decision?

Their strategy is to discipline the producing countries and cause high cost oil producers to exit the market.

The assumption is that in time the U.S. shale oil producers, the Alberta oilsands producers, and deep water offshore producers, like Brazil, will be forced out of the market due to their high production costs.

It is doubtful that the Iranians figured much in this Saudi calculation as the Iranians had been sidelined by sanctions for years and negotiations to remove sanctions did not look to be progressing. And when running steady-state, Iranian production is not high-cost.

In time Saudi Arabia would be the last one left standing as it boasts some of the lowest oil production costs in the world and, unlike some other OPEC members, it has significant financial reserves to see it through a resulting price war.

Alberta cuts costs

The resultant supply war has now been more protracted than most people expected. The high-cost producers have not yet exited the market because they had already made their big capital investments during the high oil price years.

Alberta oilsands producers with plants built or capital committed have ground their costs down and continue to produce.

Shale oil producers have done the same and have taken only marginal assets out of production, maintaining much of their production.

But some North American production has declined and the pace of this decline appears to be accelerating. And companies have stopped making new oil production investments.

Even the decision makers in Saudi Arabia are now having second thoughts.

Russia, Saudis offer oil output freeze, but oil sells off anyway
Recent discussions between OPEC and non-OPEC producers such as Russia have tentatively agreed to freeze oil production at current levels to support the global price.

But not the Iranians!

hi-iran-oil-8col
A view of an Iranian petrochemical complex in Assaluyeh seaport on the Persian Gulf, 1,400 km south of Tehran. (Morteza Nikoubazl/Reuters)
Having just come out of sanctions, Iranians argue that they will not freeze or cut production until they regain their historic global market share. It may take them some time to crank up their oil industry given the lack of new investment for many years.

The long-standing rivalry between these two countries suggests that the Iranians are unlikely to cooperate with the Saudis.

And the Saudis are unlikely to be willing to give up some of their market share to the Iranians.

Alberta is caught in the middle

Is there anything that Alberta can do about oil prices?

In a global free market for a commodity like oil there is little a producer can do except be a 'price taker' of global prices.

Given that the two most important Middle Eastern players in the global oil market are unlikely to cooperate, the Canadian oil industry is reshaping itself to survive a period of sustained lower prices.

Alberta producers will need to innovate to ensure that they have low costs of production in order to survive and thrive in a lower priced world market.

It will take time, but history tells us that periods of low prices have led to innovation and reinvention in Canada's oil industry.

And low oil prices, almost by definition, beget higher oil prices. We are confident that a new, stronger industry will emerge to once again power the Calgary economy.

Harrie Vredenburg/ Tim Marchant
The authors of this story:

Dr Harrie Vredenburg is founder/Academic Director of the Global Energy Executive MBA, Professor and Suncor Energy Chair in Strategy and Sustainability at the University of Calgary's Haskayne School of Business. He is also International Research Fellow at Oxford University.

Dr Tim Marchant is Adjunct Professor-Strategy and Geopolitics with the Global Energy Executive MBA at the University of Calgary's Haskayne School of Business. He worked for 30 years in the oil industry including 10 as an executive in the Middle East.

http://www.cbc.ca/beta/news/canada/calgary/oil-global-opec-markets-1.3504298

Obviously those mothers have no confidence in their governments to protect their daughters from sexual molestation...

Please can this be confirmed?


Pls all old girls of Queens college should not take this case lightly.
You must all sort out this messy story.

Good evening Olorisupergal,

I would like to report the management of Queen's College Yaba. As I write, the principal and vice principals have, over a month now, deliberately suppressed several complaints of sexual harassment which my daughter and some other students have consistently reported to their class teacher, their year head, the head of department of the accused teacher and the principal's office.

My daughter is in JSS2, second term at Queen's College. During their visiting day in first term she complained to me that there is an Integrated Science teacher, Mr Oshifala who has been harrassing her and some other students. I asked her if the man had touched her and she said no, he only tells them that they are looking beautiful and he wants to marry them. I dismissed her complaints as typical compliments from a teacher.

However, two weeks later, on Thursday, she called me late at night and she was crying bitterly. I could barely hear what she was saying until after I had calmed her down. Me myself I was scared, wondering what had happened. She told me then that this same Mr Oshifala, who by the way, lives in the boarding house ares, had cornered her on her way back from easing herself just before lights out. She told me that he called her and she thought he wanted to punish her for leaving her dorm room when it was almost lights out. But when she got closer to him, he was smelling of alcohol and she ran away from him. But he ran after her and grabbed her and tried to kiss her while touching her private parts. She started screaming and then students started coming out so he left her and pretended to punish her. But the students already know his ways so they started booing him until the housemistress came out and chased them inside, telling them to be quiet and that nothing was actually going on. I told my daughter to calm down and prayed with her and I told her not to leave her dorm room unless with another student.

I got to the school first thing the next day and spoke with the housemistress who confirmed to me that the story was true. but she warned me that the Mr Oshifala is a favourite of the Vice Principal Mrs Kayode. I spoke to a couple of otehr teachers and they all confirmed this story and the Mr Oshifala's tendencies. The teachers also mentioned that he had ben reported before at the Abuja Headquarters for sexual harassment and he was almost sacked until he begged this same Vice Principal who squashed the complaints.

I went to the vice principal myself and complained to her about my daughter's issue. Mrs Kayode and anothe Vice Principal Mrs Njoku were both in the room when I entered. From the looks on their faces, I knew my daughter wa stelling the truth. Mrs Njoku soon left and it was just me and Mrs Kayode. She then told me (and these are her words) that even though my daughter was telling the truth, Oshifala is her man and he does a lot of work for her and there is nothing me or anyone can do to move him out of the school. She also turned around to threaten me that if I like, I can go to Abuja to report, nothing would happen. And that I should not forget that this is a government school so instead of her or Mr Oshifala being sacked, my daughter would be dismissed instead!!

As I type this, I have already found another school for my daughter. She has left the boarding house and once their exams are over she would leave Queen's College. She told me that this Mr Oshifala sees her every time she has class in the labs but she never goes there alone, only when her friends are with her. She says he always tells her that her mother tried to report him, but in the end she is the one who would leave the school while he would remain.

These people wanted to traumatize my daughter!! They know this man is a child molester and yet they still keep him not only in the school but in the boarding house area where these young girls live. He is free to roam about at night drunk as a skunk and no one does anything because of his connections.

Even worse, they now have young men as security guards who, some parents have even complained at the last PTA meeting are already harassing their daughters.

I beg you to please expose these people. They think they are bigger than just one parent, but I know one day their time will come.

Please feel free to contact me if you need any more details. I hope their evil deeds come to light and they get the punishment they deserve.

-- Chinenye

Your advise to Chinenye please.

Pls let us go on our knees and ask GOD to expose this evil tutor and The Vice Principal.
The next child to be harassed could be your daughter, Niece or your friend,s daughter.
This message shld be circulated until it gets to the right person

We feel obliged to inform you of a disastrous and mind troubling incident. Dr Theresa is a Senior Registrar 1 in the department of Psychiatry of Obafemi Awolowo University Teaching Hospital (Ile-Ife). She is a very gentle, easy going, ever smiling and hardworking resident doctor.

This incident occurred at her residence in the early hours of Thursday 25th February 2016 in her service apartment building situated outside the hospital where she resides. Dr. Okpara, [A Wing Commander in the Nigerian Air Force] who is a resident Doctor in the Dept of Community Medicine in the same hospital where Theresa works also resides in that compound.

The parking lot within the compound is inadequate and as such tenants would have to occasionally call each other (through the security guard) to move their cars in the morning so that individuals are able to drive out. According to an eye witness (who is a doctor in the same hospital and also lives within the same compound), Dr Theresa's car was obstructing Dr. Okpara's car and he called her out to move her car. She had told him she was dressing up and would soon be out but he kept shouting and calling her. When she came out, he was still abusing her and being verbally aggressive. She then told him to take it easy since she had already told him she was dressing up and reminded him that he also does the same thing whenever his car is obstructing someone else's.

As Theresa came out, entered her car and fastened her seat belt to drive out of the parking lot, Dr. Okpara continued barking asking her to move her car out, she told him she was already in the car and asked if he wanted to move it out himself? He then said he will teach her a lesson and went swiflty around the car, opened her car door and held her dress and punched her face several times. The Co-tenants had to run out to pull him away from her. At a point he reached for his metal pedal lock and was again restrained by tenants.
Following the incident he showed no remorse, as he continued in his verbal aggression with his shirt buttons undone calling her names. He also dared her to call whoever in Abuja suggesting that he was above the law as she made attempts to make calls after the incident. Dr. Theresa was rushed to the hospital as being a known Sickle cell disease patient, her health was paramount at the time. On arrival, it was confirmed that indeed she had Cerebrospinal fluid leaking from her brain. This continued to be copious before ameliorating after some hours. In adition to the frontal bone fracture detected initially, a further depressed nasal bone fracture was detected on CT scan. Theresa now has to decide between going for surgery to correct the facial deformity or live with a disfigured face.
Please join us in prayers for Theresa's quick recovery, while we fight to ensure that Dr. Okpara is brought to Justice.

Thank you all.
CMUL, 2008 Graduating Class of Medical Doctors & Dentists.


https://m.facebook.com/story.php?story_fbid=1020196888043309&id=100001590228911

https://www./cautious-president-declining-naira-dele-lawore-cfa

If you read the comments after the article, you will notice a quote by a Paul Callerghan saying that ordinary Nigerians are spending only 7% of forex while business demand represent 50% of forex spending needs in Nigeria. That leaves 43% with government

http://www.rdi.co.uk/course-finder/#comboFilters[subject]=.degree

http://www.rdi.co.uk/course-finder/#comboFilters[subject]=.degree

I think I can share mine.

Hmm....

Got to Charles De Gaule in Paris en route Toronto and at the security check, I was asked to take off all metals and given two nylon bags. I wore then on my boots.

The look on and the laughter from the European customs, except for the black male among them, was priceless...

Oh before that, there were so many arrows and I asked for directions. The man pointed towards a lounge. I sat there for an hour, then went for more enquiries just to be sure. To be sure I went past that lounge and took a train for what must have been 6 kilometres to the lounge I should have been waiting.

Thankfully, my connecting flight was 7 hours apart....

For self defense classes, go to UNILAG Sports Centre early on Saturday morning

search for grofin nigeria

Well I can tell you that I was mounting on girls before I became conscious of it.

I got so notorious in my neighbourhood for gluing myself to girls from a time I cannot recollect.

After thinking hard about where this originated I remembered flashes of laughing and giggling seeing my mum and dad in bed doing nothing but they were wondering why I was so excited at seeing them in bed.

I have since concluded that I must have watched them having sex several over I took it casually gluing myself to female neighbours after pulling their pants down.

Of course there was no penetration. But obviously the impact on my psyche was disastrous. ..

A top notch Investment Bank is looking for male graduate trainees interested in a career in internal auditing.

Candidates are required to have

- been 25 years or below by 31st of December, 2015

- have a degree (minimum of 2:1) preferably in Accounting

- a partial or full qualification in ACCA, ICAN or equivalent accounting body is an added advantage.

The pay is among the top range in the industry and the career path is highly promising.

Candidates must be open to learning quickly and working for extended hours within the first few months of resumption.

Send a one page resume to naija.king@yahoo.com on or before 20th of February, 2015.

A top notch Investment Bank is looking for male graduate trainees interested in a career in internal auditing.

Candidates are required to have

- been 25 years or below by 31st of December, 2015

- have a degree (minimum of 2:1) preferably in Accounting

- a partial or full qualification in ACCA, ICAN or equivalent accounting body is an added advantage.

The pay is among the top range in the industry and the career path is highly promising.

Candidates must be open to learning quickly and working for extended hours within the first few months of resumption.

Send a one page resume to naija.king@yahoo.com on or before 20th of February, 2015.