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Nedekid's Posts

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Business / Re: Naira Hits ₦1,000/$ Ahead Of CBN Sale To BDCs by nedekid: 3:00pm On Apr 16

Amen ohh.
The day it hits ₦200, I will personally drive to Aso rock, demand to see Tinubu. I will carry him on my head and dance makosa.. cool

Politics / Re: Dangote Refinery Rolls Out Diesel In Trucks For Local Consumption (Video) by nedekid: 2:56pm On Apr 16

Paraman:
It has no correlation with my comment.

Around january and february, the price of diesel was sold for close to #1800 in some filling station because of the way the naira was losing value against the dollar. If Dangote bought his crude when dollar was 1350/$, he won't want to make a loss too nah

Dangote bought his crude supplied to him from Nnpc ie Agbani and exxon mobile here in Nigeria. The crude he imported from the US is for export market.
The question is did Nnpc give him crude in forex? And even if Nnpc gave him in forex it likely would not be at the market rate. Assuming it was even market rate, the cost of international shipping, insurance, taxes, customs duty etc ought to factored out of his current cost, not to talk of his local cheap labour.
What still is the benefit of having local refining capacity if imported Ago is still the same price.
Yes diesel was sold as high as 1600 to 1800, it came down to 1450 to 1700 before Dangote refinary started supplying. It is currently sold still between ₦1395 (some Nnpc with manipulated pumps) to ₦1650 in some stations, atleast within mainland Lagos.
It does not make sense that diesel refined in Nigeria will be dragging price with one imported from far away Russia.
You saw what air peace did, tickets was 3m, air peace came in and cut it to 1.2m despite their aircrafts being wet leased which is more expensive to operate (forex wise) for the airline than a dry leased aircraft foreign airlines mostly use. He used home advantage, dangote too should use home advantage to our benefit

Business / Re: Diesel Takes Up 80% Of Our Profit - Manufacturers Association Of Nigeria (MAN) by nedekid: 7:27am On Apr 16

Feldie:
I'd like to know what happened in the 90s that led to this if you don't mind

Same poor electricity, high cost of Ago, LPFO, high interest rates, multiple taxation etc.
It then becomes cheaper and less stressful to import, store and sell. Those days, we were at iganmu industrial estate, all our neighbors gradually stated disposing of their machines for scrap and started importing all sorts, from the then "I pass my neighbor" generators to lanterns, pots, fridges, cookers etc, we continued manufacturing. When we received sense after being so much in debt, we too sold our machines and rented out the place as storage for imported goods. Infact it was used by a bank to store goods they financed for importers.
Go to iganmu industrial estate now, areas such as Aminu jinadu close and see how desolate it is, a former thriving industrial area with thousands of workers, form Italians, to lebanese, French, Nigerians, Indians, Ghanaians.

4 Likes 1 Share

Business / Re: Diesel Takes Up 80% Of Our Profit - Manufacturers Association Of Nigeria (MAN) by nedekid: 6:58am On Apr 16

tollyboy5:
The manufacturing sector too are not very honest.
Since the rise in naira most of the manufacturered product that hardly need foreign raw material still maintained their exorbitant prices.
Dangote bought his crude oil from usa when dollar was high. And now the pump price of imported diesel is at ₦1250 base on the exchange rate. You won't expect dangote to loose.
Let him sell off what he has now, the more naira gain more strength the lesser the price of diesel because dangote cannot sell above imported market price.

Better days ahead.

You know nothing of what is happening. Diesel price is 1450 and above, no change despite dangote comming onboard. Some Nnpc sell at 1390, but with heavily tampered pumps.
There is no manufacturer or service provider, school, hotels etc making money right now, the are all making loses, most even burning into their capital just to remain open hoping things will improve.
Dangote sells at 1250-1300 not retail but to buyers of 1m and above liters. By the time it gets to the stations, it is the same price as imported diesel!
No manufacturer can make and sell at such cost, as imported products will be cheaper, very soon they will shut down factories and rather import cheaper product, then use the factory space as warehouse after disposing of the machines. Afterall business is to make gain.
Same thing happened in the 90s early 2000s when factories all over closed and were turned to churches, warehouses etc. The owners saw it was less stressful disposing of machines and just renting out for storage.

3 Likes

Politics / Re: LASG Initiates Removal Of Illegal Properties To Prevent Flooding by nedekid: 6:42am On Apr 16

BreconHills:

None of them has Cof O

None of them has building approval.

They should present the C of O, even go to court. I assure you there is non.

8 Likes

Politics / Re: LASG Initiates Removal Of Illegal Properties To Prevent Flooding by nedekid: 6:40am On Apr 16

pappilo:
Victimisation of Ibo people again

For building on water drain areas?

9 Likes

Career / Re: Since I Slept With My Staff She No Longer Respects Me Pls Advise Me by nedekid: 8:35pm On Apr 15

She will continue disrespecting you so just continue enjoying the snacks, play along with her because if you turn it to quarrel, she will spread the gist you slept with her. One the long run, she will likely loose her job and free you or yourself will move on to other work.

1 Like

Politics / Re: Dangote Refinery Rolls Out Diesel In Trucks For Local Consumption (Video) by nedekid: 6:17pm On Apr 15

Paraman:
You don't know how much dollar was when he bought crude oil

https://punchng.com/dealers-demand-n850-litre-diesel-as-dangote-marketers-meet/

Politics / Re: Dangote Refinery Rolls Out Diesel In Trucks For Local Consumption (Video) by nedekid: 3:40pm On Apr 15

Idebaj:
Will this crash the price of diesel ?

That is what we are praying for and expect to see, but for now, it is still elusive. I bought ₦1450 yesterday. Some Nnpc sell for 1390, but with heavily modified pumps (of you know what I mean).
Dangote sells for 1250-1300 per liter depending on quantity bought. Funny thing is that 1250 is the landing price for imported diesel, so how come dangote sells so high considering no shipping cost, port charges, import taxes etc. At 1250, dangote has made no difference because by the time transportation and petrol station markup is added, the diesel will be 1500 at the pump!
The good thing I have seen so far is the quality of diesel. Your commonrail system ie injectors will work better. Folks can now import and use modern diesel cars without fear of breakdown.
Note also if the price remains high, stations will continue adulterating diesel to make a decent margin.

4 Likes

Romance / Re: Nigerian Man Speechless After Spotting A Man & His Very Tall Wife (Video, Photo) by nedekid: 3:18pm On Apr 15

Ojemedad:
Imagine bending this kind tall woman, omo

Its called climbing grin

Politics / Re: "Speak Up For Tinubu Or Resign": Matawalle To Northern Appointees, Baba-Ahmed by nedekid: 2:18pm On Apr 15

FreeStuffsNG:

Smh. Ignorance is not bliss. You can be a giver too, it's more blessed to give than to receive. Our platform is to bring givers to connect with takers. Join the givers too. You can even give here on Nairaland, just give, help someone today.

Guyman! see talk! grin

Persin de scratch head to make sense of the spewed crap.
Oya guys, go and get free stuff from this fellow. Let's know what you got shaa. Lol

Politics / Re: "Speak Up For Tinubu Or Resign": Matawalle To Northern Appointees, Baba-Ahmed by nedekid: 1:47pm On Apr 15

FreeStuffsNG:
This is very impressive of HE Matawale. Nigerians of nothern extraction currently serving in the federal cabinet of FG must defend the services they rendered to the nation. I expect someone like Mallam Ribadu to speak up too because he has been doing a great job as the NSA.

It's a worthy challenge and it's only if you have nothing to show as proof of your service to the nation that you will keep silent when you are being challenged by NEF who belong to your constituency. It is not today that NEF attacks APC- led FG, they work for HE Atiku and constantly attacking PMB then too.

May God bless Nigeria for ever! Check my signature for free stuffs!

Your point is noted, but stop misleading folks on this forum you have any "free stuff" on your site. If not kindly, name the free stuff you have and who you have given.
Mods, your attention is needed.

1 Like

Foreign Affairs / Re: Russian Spokeswoman Slams Israeli Ambassador's Call To Condemn Iran Attack by nedekid: 12:48pm On Apr 15

misreal:

My brother every country has nuclear weapons including biafra

Yeah, muclear is just one of the weapons, so may "Biafra" has not even touched eg Indaboski Bahose, Dabush Kabash, Lefase Fare, Abido Shaker, and Gandusa Ganduja.
Omo, them plenty.. grin

Crime / Re: Military Killed Our Staff After Death Of Airforce Cadet In Our Pool – Hotel by nedekid: 6:34am On Apr 15

onadana:

I wonder...all this silly long stories.CCTV would have solved everything..the story no clear.

So, what is the cctv was not working? Is it everything that works in Nigeria?
Nigeria is the only country a person cannot die without some conspiracy. Someone must take blame for even eg a person with self inflicted injuries.
Few days ago, the manager of a hotel brought her young, only son to work as it was a weekend. The unattended boy followed the child of another staff to the pool area, gained access. He saw the floating tube swimmers use as floaters and tried to grab it from the water, in the process he fell inside the water. It was just luck that child had that he survived.
Now what if the unfortunate happened, Nigerians, even the careless parent will claim all sorts, juju, ritual, negligence, no life guard, deep pool, pool door not locked with key etc.
Because of that, all workers have been banned from bringing their kids to the premises. Imagine you did not come to spend money, rather still brought your kid to cause wahala.

Health / Re: Fawaz Alabi Drowns At Ibeshe Beach In Lagos by nedekid: 9:13pm On Apr 13

What was his alias on nairaland?

1 Like

Business / Re: 1 Dollar Is Now ₦‎1,070 by nedekid: 2:47pm On Apr 13

flokii:
Something.that will still crash to around #750 in few months from now.

200 is a goal. 150 is the target. Imagine how many people will be lifted out of poverty.
Lets be optimistic.

Politics / Re: Obidients Declare Operation One Borehole Project Per Community In Support Of Obi by nedekid: 12:22pm On Apr 13

Lizzysamuel:
Ronu miscreants, howfa?

When are you guys taking up the challenge to build solar powered ones?

Even these ones built by Obi and this fellow must be solar powered. Lots of pumping machines you check on jiji use solar. It only makes sense as electricity is elusive in those remote areas.

4 Likes 1 Share

Food / Re: Locally-produced Foods Now More Expensive Than Imported Ones by nedekid: 12:19pm On Apr 13

wittywriter:

Nigeria's food hike solution will come when Nigerians decide to take agriculture as a norm.
Normal normal I make sure I plant yearly even if it's third party planting and harvesting process.
If you have funds that you can invest in agriculture for personal consumption then make sure to...thank me later.

Read to comprehend...there's no award for hasty mentions...

Ability to comprehend is a rare trait..you have it though...stay blessed.

Start an Agric community... If you need help to facilitate your Agric goal(s) then drop your contact I'll link you for further actions.

Wittyness

Seems you skipped the part when they spoke of insecurity, extortion and thousands of tax collectors on the road, increasing cost of transportation ie diesel price.
Farmers are being ruined daily, you want people to go put their money inside. As I will always say, if you have space in your backyard or empty plot of land you are not using, go into peasant, pleasure farming. But as a young man, you take your saving, inheritance, loans etc to go into farming as a source of sustainance, means of primary income, Omo, you will age beyond your years. I have seen guy in his late 30s look like a shriveled 55 year old. It almost happened to me too, thank god I got myself out of the bondage.
Certain kind if business's you leave for old retired people or people that their families have done it for generations.
My personal opinion though. Hands are not equal, it could work for you, although I never saw anyone I knew it worked for. Lol

1 Like

Crime / Re: Pictures Inside Nigeria Prison by nedekid: 2:58am On Apr 13

Rich folks don't stay in that part of the prison.

Celebrities / Re: Which Cell Would Bobrisky Be Locked? Male Or Female Cell? by nedekid: 8:56pm On Apr 12

AntiWailer:
6 months jail for what is done every day,.

Your bias against the life Bobrisky lives will not let u think about precedence

Should everybody arrested for the first time be jailed without option of fine ?

If that is the case we are waiting to see.

Where in the world do you give first time offender who
pleaded guilty the maximum sentence without option of fine ?

No be when dem carry an opposition leader caught doing that and you people will shout dictatorship

The judgement is too severe. Haba.

Crime / Re: Nigerian Brothers Plead Guilty To Planning Sextortion Scheme by nedekid: 8:51pm On Apr 12

Young boys already having a black heart. No conscience at all. That victim said he was going to take his life, yet they told him to quickly do it. Can you imagine the evil, darkness in their minds? It is not only them, but thousand of soulless youths you have today, the urge to make money is so much, they kill.
Anyway, as they showed no mercy to the late victim, no mercy must be shown to them. 600 years is recommended. Let them spend the rest of their lives incarcerated thinking of the life they frustrated to death.

3 Likes 1 Share

Career / Re: Princess Owowoh Graduates In UK As First Female Officer Cadet From Nigeria by nedekid: 8:11pm On Apr 12

Judolisco:
that was before.... Jonathan for instance change most of those rules.... D late arotile for instance killed so many boko haram terrorist as an helicopter pilot

Yes, pilots, but what about army ie leading troops eg a platoon, in frontline combat. Is it currently allowed?

Career / Re: Princess Owowoh Graduates In UK As First Female Officer Cadet From Nigeria by nedekid: 7:44pm On Apr 12

Congrats. Great achievement.
The question though, since women are not allowed to be in active combat ie lead troops, of what use will this be? Maybe someone knowledgeable can through more light please.

Celebrities / Re: Mohbad's Father Opens GofundMe Account, Seeks Donations From Nigerians by nedekid: 6:24pm On Apr 12

Lolz, nothing we no go see for naija.
Oya, all the justice for mobad crew, put your money where you mouth is.
Na now Nigerians go show say them no send anybody na only talk talk them de for. grin

2 Likes

Business / Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by nedekid: 4:45pm On Apr 12

LegendHero:

PDP met it at N28 in 1999. Why did they left it at N216?

Must you spew rubbish? Where were you 1999 to know dollar was ₦85-90 to a dollar? PDP kept dollar and pounds relatively stable for 16 years. Pounds was between 180 - 250 in all 16 years. Dollar was between 90 to 150, it was only during the normal election shenanigance from politicians it rose to 200 of which after elections and it was expected return back after beneficiaries of the largesse unloaded their forex loot.
How can you in all responsibilty compare 80 to even 200 to $1(PDP) , to 200 to 1300 for goodness sake?
Oga, 2000, I got contract from FAAN, of which I imported the products from UK in pounds, the exchange rate was ₦190 to a pound.

1 Like

Celebrities / Re: Jnr Pope: Uche Maduagwu Knocks Davido Over New Music by nedekid: 4:17pm On Apr 12

Davido should just ignore this charlatan..
I trust Davido.

Travel / Re: Allen Onyema And Air Peace Should Learn Excellence From The Bull - Reno Omokri by nedekid: 4:15pm On Apr 12

Abeg this ass should shut his trap, stick to what he knows best which is trolling Obi.
If an airline has 50 jets how does it make a difference on a fixed route with bilateral air agreement? Eg UK route with fixed daily or weekly flights? Even if you have 100 aircraft's, it makes no difference with who has 5, because only one or 2 will service the route. Air peace will continue enlarging its aircraft fleet as the routes expand, eg acquire more planes to cover the upcoming US route.
The Kangaroo thinks airline business is what you keep coded so village people don't come after you. Reno and his village mentality sense.

Celebrities / Re: I’m A Man, Bobrisky Confesses In Court by nedekid: 4:06pm On Apr 12

RALPHOW:
Naughty boy!!
Federal just takes style punish for cross dressing without uproar from the WEST.
That's good for him!!
Nonsense!!

Ha, I no look am that way ohh. It is possible Sha then take cover take deal with am make gay oyinbo no complain.

Celebrities / Re: I’m A Man, Bobrisky Confesses In Court by nedekid: 4:04pm On Apr 12

True true him get ass ohh shocked

See the picture where him de enter that bus.
Anyway, I feel the sentence was too hash. It could be he irritated the judge.

Celebrities / Re: Bobrisky Jailed For Six Months With No Option Of Fine by nedekid: 1:37pm On Apr 12

Haba, this is too harsh naa. It is as if he is being used as a scape goat. Besides he/she may have irritated the court.

Politics / Re: Electricity Tariff Will Reduce If Exchange Rate Reduces Below N1,000/$ - Adelabu by nedekid: 6:19am On Apr 12

10k running daily for the past 6 days days.

2 Likes

Politics / Re: Prominent Obidient, Sarah Ibrahim Invited By Police For Questioning by nedekid: 6:13am On Apr 12

Kai, when police writes you a lovely, polite, friendly invitation letter like this, know you don enter serious gbege. Them want make you no run, but to show..

2 Likes

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