₦airaland Forum

Wicked Salah

nairalanda1:
Anyone hailing Angola on leaving OPEC...should know it is bad news for Nigeria.

Oil prices fell on the news. Know what that means? It means Angola is free to produce and pump as much oil as it wants without any pesky OPEC quota...which means lower oil prices long term because of the resultant glut.

Angola is also free to sell crude at a lower price than the OPEC benchmark if it wants...especially if it needs the money now. (That's part of how Russia survives US sanctions, sports fans).

This weakens our revenue stream drastically, meaning we have to take more and more loans, or the government would have to raise your taxes well well, in the short term at least.

So, don't rejoice.

Modified

The thing that even scares me is the fact that everyone is discovering oil. Zambia, Uganda and even Benin have all found oil. Yes, it is not as high as Nigeria, but more oil in the market means lower prices for oil...which means lower revenue.

Modified 2

Know who benefits from a glut induced low crude price? Europe and the USA. It enables fuel prices there to fall, and their governments benefit as a result.

you Sabi book and brains like your own is one of the reasons I missed nairaland when it went down

Nairaland oh

I realised that I am addicted to this site

WhiteWood:
I am curious and still trying to know what happened to diplomacy and effective leadership during the tenure of this man as the governor of Anambra State back then. His current "I TOO KNOW BEHAVIOUR"is nothing more than a strategic game to achieve his political objectives. DON'T BE FOOLED.

his behaviour was what Anambra needed. His predecessor was kidnapped allegedly by his godfather. When he came on board, same godfathers were still holding the state by the jugular. To do anything meaningful, he had to overcome impeachment, strike actions and what not. His first few years were filled with turmoil and stuff.


I know what I just said wouldn't mean anything to you because you have already formed your opinion about him but I just want to put it out there for anyone with open mind to understand what truly happened

Oga, just thank God you escaped such a family. God just saved you but you didn't know realise that. A family where the mother calls the shot and can decide whether or not the daughter will marry from certain areas. Without being told, this is the case of Anambra versus Abakalika something. Anambra people are just like that

What you should do is simple, move forward with your life. The burden of raising the child will be much and the girl will seek you out. No be Nigeria again?

Christistruth03:
Peter Obi has not said a Word about this that is happening in his home State
So why is he now Pontificating over the one in Kaduna

I smell extreme Hypocrisy

Obi is a private citizen. He can cherry pick on what to discuss or not. That's his right as a private citizen. If anything, Tinubu should talk about what is happening in Anambra as the president.


Now run along

The league will eventually kick off. Maybe not in this decade but I know for sure that the backers will eventually have their way.

Fans opinion don't matter. Reason is because their opinion doesn't pay the needed wages of players which is constantly on the increase

Israeli soldiers that killed Jesus Christ,who come be ordinary Christians that they can not kill.

But watch as Christians (Catholics too) will attack the pope in defence of Israel

What I did over the weekend

erico2k2:
Ask yourself this.E bad like that why dnt he return?If anyone abroad say they are broke they are not.they are broke just for U.

return to start doing what exactly sir?


The position he left, will he return to it? Japa is best for people who have no where to start in Nigeria,if not plan wella or you will start scratching the surface

This is crude way of growing local content. Buhari tried this forcing local content kills off the little you have.


Ghana people mumu like Buhari who is also celebrating his birthday today. So they have a lot in common

Bro you need to go to hospital as you may be diabetic and that will turn from small thing to something worse

Spyder880 with the way this guy is going, how can you ever leave this city

airsaylongcome:
For lawmakers to be able to decamp "successfully", there has to be issues within their party to the point that factions arise within. Such internal division can then be the basis to defect

there's no crisis in YPP

ChangetheChange:

E don cast
Same thing Obaseki did to Oshiomole lawmakers some years back by declaring their seat vacant.

why is this not affecting federal law makers. Just recently, Ifeanyi Ubah left his party

A glimpse of what my day has been like

ricki:
good morning boss, pls how much are the square pipes in the picture above??

most of the pipes above are 3 by 1½ pipes and they go for 5200

Watch as some people will celebrate this and use it as excuse for the economic situation in Nigeria.


And you begin to wonder what happened to their ability to reason.


It's like Igbo people celebrating insecurity because NE also has Boko Haram

SadiqBabaSani:
What does this entail for the everyday Nigerian, will it make life better or harder for Nigerians, I think the latter is the best bet

CBN is back to doing its job and not being at the Beck and call of the president. Printing money to service useless programmes like nPower and farmer's loan.


If you need such facilities,go to your local bank

Be safe GCFR

Watch as they will start interpretation of this visit

I remember her clearly especially during the Newsline

omanzo02:
It's a block of 4 apartment, I just want to install a reasonable door

this is the "reasonable door" you can get


Most foreign doors you have in the market are built with less than 0.55mm sheets.

If you go beyond 1.5mm, you're going to the range of materials used for gates

omanzo02:
1.5mm gauge is not really a thick pan, thicker pan are not readily available? Till what gauges can be use to produced these doors?

what are you building for please sir?

JASONjnr:
This used to be a relieving kinda news until Ajuri told us that it wouldn't stop Dangote from selling petrol at expensive prices.


What's the need for having a refinery if it's refined goods will be more expensive than imported refined goods?

Why are we pumping billions to repair failed refineries when it's selling price wouldn't be any different from imported goods?

dollar is becoming more scarce than ever before

omanzo02:
Compliment of the season Michlins,

What the ranges of the pan/metal plates of locally made doors obtainable in the market?

Thanks

for the readily available ones made with 1.5mm gauge, 40k for single and 50k for double

MeineMutter:
It will be cheaper, later. We won’t pay in dollar because it’s a local sales. We don’t spend dollar in Nigeria. Only sales outside Nigeria can be made in other agreed foreign currencies.

Dangote refinery is situated in the international free trade zone for a reason

SmartyPants:
And NNPC insisted on 20% shares for a reason.

the 20% quota won't be enough for Nigeria

SmartyPants:
He can't do that. FG go nack him head 4 by 4.

he sited his refinery in a trade free zone for a reason