₦airaland Forum

NavierStokes:
I honestly feel it's more than 70%. By the way who would not want to make an instant 100ngn on each dollar. The gains greatly exceeds that from doing legitimate business.

Even saint Mo will milk that cash cow if she sees it unattended to...

The 390+ rate thing was the height of it, folks became instant millionaires overnight.

NavierStokes:
"All die na die", maybe the cbn should just open the vaults and meet the demand once and for all, in the process dollars will be driven down to 199NGN.

We yaff finish in this country

Are you sure 70% of the demand isn't geared towards round tripping purposes?

This I'm sure is minus the 41 banned items.

Bush meat yaff catch the hunter then.

Close the wide gap & arbitrage will naturally die... threats won't do Jack!

The wide margin will tempt even "Angels" to explore if an opportunity to profit presents itself..

Viktor1983:
The executive wants a Controllable Legislature.
That's all I see.

Viktor1983:
The executive wants a Controllable Legislature.
That's all I see.

Unfortunately the Legislature is an abberation.

Unneeded cars in this economic meltdown?

Social media gagging bill? , they are worse than charlatans.

Rickey Tarfa is a great lawyer...

He will defend his position to the point of death, no matter how crazy & ridiculous it is.

Between the Legislathieves & Judisharing, the jury is still out on which is the greater enemy of Nigeria...

989900:
Over $40 now for Brent.

Good news: We have more funds. Baba stabilizing oil prices . . . lol He tried though, 'jokes apart'.

Bad news: We lose focus once oil prices appreciate, especially if there is a boom -- out goes all the diversification evangelism.

My take: prices are ephemeral/fluid -- we need to approach with caution!

My fear as well but i solemnly hope & believe Bubu won't take his eyes off the ball cos that will be disappointing & disastrous...

Truth234:
Like always i have failed again, Royal Dutch Shell Plc. is simply referred to as Shell (shell oil) and they are currently
Its the company Shell that is downsizing, not oil shale, the product or the process "Shale oil extraction".
That was why I asked "if he is talking about the same Shell"

You are so funny, i can't even take offence cos it's obvious you are just clutching at straws, you're referring to another as a failure when you have refused to read & comprehend! issokay...

Someone posted that SHALE is gaining in value (which is even untrue) , you responded with SHELL is downsizing which is not same thing... instead of accepting your faux pas & providing clarification, you are putting up a false sense of bravado .. kontinu.

Like i opined earlier, not all battle is worth fighting, you are a non factor, *mic drop* ..

straneur:
Lol.. I think truth234 is correcting him without making a big thing out of it. It's shell oil

What are you even saying? Why are you seconding what you don't understand? It's not shell oil, it's SHALE OIL.. Shell is the name of a company, they are two different concepts.

https://en.m.wikipedia.org/wiki/Royal_Dutch_Shell


https://en.m.wikipedia.org/wiki/Oil_shale

https://en.m.wikipedia.org/wiki/Shale_oil_extraction

Bizibi:
But the increase is OK for us in the industry,I don't think we should be celebrating it at all,shale oil is gaining ground by the day in the oil market,the competition is not going to be easy fr Nigeria

Truth234:
You mean same shell that is downsizing ?

Truth234:
I am sure they do, but we are talking about nations. Shell is no competition

Bizibi:
yea,they know what they are doing.....

Both of you are just a laugh a minute, X

One typed SHALE , the other read it as "SHELL" & una con dey debate that ... make una try dey read well sha.

Truth234:
The first link you posted exposed your ignorance of the subject matter, when traders flee bearish bets, it means they are now positive the price will rise. A quote from your link "Hedge funds unwound bearish bets at the fastest pace in 10 months as fear of oil sinking to $20 a barrel faded."

Second link, was written in January 11th prior to OPEC decision to cut production.

I won't dignify your inanity with a response..

Degis:
This is the height of foolishness on the part of the OP. How can he celebrate a spike in Oil prices when we know that the dynamics are in a flux.

Don't celebrate too soon but find why a dead horse starts to gallop.

You too can also find out why the horse lay immobile in the first place, it never died, it only keeled over in exhaustion.

Let's be hopeful that the rally will ease a bit of of present economic woes, and all the prophets of doom can now go kiss ***, the $20 prediction won't happen.. thank God.

US shale drillers sef don tire..


http://triblive.com/business/headlines/10064290-74/production-gas-prices

http://www.bloomberg.com/news/articles/2016-03-07/u-a-e-energy-minister-sees-oil-price-correction-by-year-end

http://abokifx.com/pecter-of-20-oil-recedes-as-speculators-flee-bearish-bets-bloomberg/

http://www.cnbc.com/2016/01/11/half-of-us-shale-drillers-may-go-bankrupt-oppenheimers-gheit.html

Is Uniport under Wike Jurisdiction?

If it were to be RSUST, I won't argue but Uniport? I call bull...

People are just funny.

Accidents happen everyday, seat belts save lives, they didn't use, the driver probably did but they still all died...

It's sad & the family is hurtling but it would serve no purpose to attach what is not..

Witches & wizards stopped them from using seat belts?

anonimi:
How did you or anyone know CONCLUSIVELY that it was tyre pressure problem that caused the crash?
Did any COMPETENT agency conduct EXHAUSTIVE investigation already on the accident site?
No!
How do we ensure FEWER accidents happen if we don't PROPERLY analyse each one?

If you and others want to parochially see this from a political perspective, I can only imagine that is what usually motivates all your public comments.

Shalom!
Salam!!
Peace!!!

How did you know it wasn't? oh maybe cos it doesn't fit with your narrative I'm also shocked you didn't somehow manage to add your nightmare; Tinubu's name into this.

You are talking parochial, Et TU?? Really

Even the new members on this forum are in no doubt about how that title fits you to a T with the way you derail threads with irrelevant fotos that have been failures since 14BC & aren't going to make any difference now.

Pictures they say tell a better story than words could ever do but yours just get lost in translation cos of redundancy & no sense of purpose, you can't keep posting same pic unrelentingly, it never works.

There is no point engaging you or debating anything with you anyway, the wound is raw, I pray God heals you. .

Shalom to you too..

Mixed feeling...

Wriggle room for reprieve & diversification of this blasted monolithic economy

Apprehension that the past inertia will creep in & everyone will go back to status quo...

#fingerscrossed

anonimi:
.....instead of WORKING to fix the problems that led to the untimely death of their colleague.

anonimi:
I thought Buhari said there is no First Lady but he has Office of the President's Wife

James Ocholi's death was precipitated by tire pressure problem & it can happen to ANYONE.

Life goes beyond petty politics.....

You don't have to like him but there are concepts called HUMANITY & RESPECT.

You do your affiliation more damage with such antics but cos of single mindedness, it never sinks in, oh well, what do I know, continue..

Mixed feeling...

Wriggle room for reprieve & diversification of this blasted monolithic economy

Apprehension that the past inertia will creep in & everyone will go back to status quo...

#fingerscrossed

favoredgal:
Nerf and Modath are you sure the thing don't come and they hid it from you ...just joking
'

I'm 150% sure it didn't come, my people don ask me taya nah, I know they are counting the "lost" dollars..me sha will keep bellyaching about it to keep up the pretence.

I didn't request at the hospital & I went to SSN office to ask for procedure in case I change my mind, & also to "convince" my relatives I really made effort cos if they ask me, wetin I go talk?... it was all boju boju stealth move..

You know I don't catch feelings easily, I'm a good sport...

This thread is headed straight to tribal warfareville! Sure banker...

Witness protection? New concept in this land!

Legend of The Orphan & The Paper Chewer.

Thought Badeh claimed he was dying last week? Knew it was a ploy to evade justice..

Oole Barawo Onyeoshi.

bistonsmith:
The big guns in oil sector are meant to meet today in Lagos to fight against dollar galloping higher than naira. The information gathered though not official is that plans are to bring dollars to 200-250 within the week. The BDC operators who are stock with the currency is afraid of lost of fund.
And The chairman of capital oil Ltd has thrown his weight to bring down the dollar value against naira.

Though yet to be confirmed but this guy's are in serious meeting as am releasing this info.

Fingers crossed, hope this your news is correct ooo

Let's hope all will work as planned,

Imagine fruits sellers already leveraging on costly dollars to increase price, fruit that is local!! Crazy.

Nogen:
If I knew it wasn't compulsory to get it now, in wouldn't have gotten for them. Bia Mo and Nerf, you two no try at all. Upon all our chitchats whilst in the US, you didn't mention this part for me. E no good o.

Nne Tiri, nor vex...na pure oversight...



Favoredgal .. thx my sis,maybe we would have not bothered so much but the horror story we heard dey make paranoia set in with the quickness....

I just heaved a sigh of relief when I found out it wasn't a necessity cos we have enough issue for ground, can't have another join...

My folks there still dey use scope ask me, told them I dey come for follow up, dem go wait godot taya cos even if they follow me to SSN office, will just tell the official I came for enquiries & scram.

Most commenters are just being contrary & antagonistic for petty reasons...

If anyone needs subsidized forex to pay fees, then it's safe to conclude they can barely afford it... which is the crux of the matter..

Education is important ,but foreign education is only useful for the recipient & relatives so it's not a major national emergency that will warrant that pharmaceutical,raw materials for essential goods & services oil,life threatening medical ailments etc take a back seat to it...

We can keep pretending like we don't know the dilemma of a mono export economy with decline in the value of such commodity but our precarious situation is clear for the Late Ray Charles to decipher...

my 2k



*caveat*
Quote me ONLY for robust & objective discuss, if your thing is sentimental bias / myopic crap, pls miss me with it..

NgeneUkwenu:
Our own Chukwudi is an ordinary gateman @ Ijora Olopa...Don't mind the fact, that he defends Corrupt people online..he does that on an empty stomach

Miss Ngene, you are a wicked somebori.

Is he really almost 50 like Omenka implied?

No point in going to court then, let's just do it Jungle Justice style...

Of all Judicial miscarriages in this banana Republic of ours, nothing trumps Peter Odili's lifetime injunction from being investigated for financial impropriety!! SMH!

nefertitiram:
What will happen to the tax refunds when it comes out? E go wire d money come 9ja ni?

Infact, where is mod.ath? come and hear ds ssn gist o!

I bin wan sit this one out nah! Why you call me out? , since we both didn't process so as to just stay out of any drama that being recalcitrant may bring...

I still need place for online stores to deliver stuff so can't burn that bridge.


Favoredgal, you see the problem is not the intention of one's relatives only, it is the fallout of any oversight/safekeeping, me & nef hear tory about Sola Sola & huge gbese some people ran into & our ears full..

Better safe than sorry...

Mama Nogen , you nor worry, your in law will be alright, mine too nor let me rest but since my boy doesn't have, what will I give out?



SSN causes disaffection when the hosts request & one isn't forthcoming, best thing is to not even get it, My folks tried to convince me about pushing for SSN,I just told them the SSN office said it will come, they called me that it didn't come, I say "no be my fault"

Sad....

The dead are gone & won't feel nothing, it is the other members of James Ocholi's nuclea family that will be traumatized..


Father, mother & sibling in one fell swoop!!! Life....