Kukutente23:

As at Jan 2015 it was 35bn and ended 29bn at December

Google is well, it $20b in 2015

Metrofox:


Keep quiet, you have 1000naira in the bank but you're owing people 900naira and still claiming to have 1k in the bank. Are you not a clown? Nigeria is in serious trouble as that money is far far below the threshold or minimum account balance a countryshould have even Afghanistan

All of the Deductions if not Debt, about $29-$30 billion were held in Gold Bullion Reserves by CBN. The Central Bank of Nigeria (CBN) is indebted to JP Morgan and Goldman Sachs to the tune of $7.5 billion. I think JP Morgan is more concerned about the current liquid external reserves.


Read more here as first published on 12 Aug 2023 by Arise TV
https://www.arise.tv/with-17bn-net-reserves-cbns-audited-account-shows-13-8bn-exposure-to-jp-morgan-goldman-sachs-fx-forwards/

Kobicove:
If the figure JP Morgan has quoted is true then there is real cause for serious worry!

The report is been misrepresented, it is more like deducting Nigeria Savings in the Gold vault, Currency swapped plus Debt from the Dollar reserve.

kokoA:
Nigeria is not divided by tribe, so by our regional division which is still unconditional though, Fagbemi is technically from Northern Nigeria.

Correction: Nigeria only has 2 regions North and South. What you may be referring to is Zones or Geopolitical Zone

In my last post here I talked about Why Mali, Guinea and Burkina Faso joined Niger Republic. In this post, I am going to uncover the conspiracy against Nigeria and Nigeria's interest in Niger and Africa.

1. Right from unset of that Bazoum was ousted and detained by his own guard, led by Tchiani on July 26, we have seen the public pledge of loyalty to Russia from Niamey. Also, putschists in Burkina Faso and Mali have aligned themselves with Russia.

2. African delegation on a peace mission to Ukraine headed by South African President Cyril Ramaphosa was greeted with explosions and forced to shelter in bunkers amid air strikes on the capital Kyiv. “Putin wants to demonstrate that he is ready to disregard the security of foreign leaders, he doesn’t really care, because he feels complete impunity. And anyone can be in the place of African leaders.”
Source: CNN

Do you think Russia is planning to open another battlefront in the African Sahel, considering its unprovoked invasion of Ukraine? If you recall the so-called WW1 and WW2 started as an Eastern Europe conflict that escalate to other parts of the world.

Does Russia have a genuine interest in Niger because of its Uranium? If so why would Russia want to gilt Kazakhstan its Ally and neighbor which has more deposits than NIger and should be more cheaper?

It is not hidden agenda that Russia wants to expand its Influence in Africa, should it be by supporting a coup?

What is your opinion?

AllenSpencer:
Nigerian fire fighters would have stopped it!

Canada still has a lot to learn from Nigeria when it comes to fire fighting.

One good thing about Nigeria, one person shouting Ara adugbo egba mi oooo would have stop it from escalating,
but no they hand over their lives to the government

SpartaOfLagos:

Nigerians are going through hell under Tinubu government , that's something you should be worried about and not Niger republic.

Tinubu is a failure

Don't generalize it, if you are in hell or experiencing help so be it unto you according to your word

Jennyclay:
Nigerians will follow suit.

Nigerians will overdo, they will even carry the cross to the moon and sun to break this record

Checking from the record

*Worst traffic – Lagos, Nigeria; Istanbul, Turkey; India and Bangkok, Thailand

*Cross broken – Joplin, Missouri; Nigeria; Guam, Turkey, London

*A few memorable scares – Firing squad in Nicaragua: stoning and beating in Morocco; Civil Guardia attack in Spain; LAPD choking, Hollywood, California; pistol attack, Orlando, Florida; “to burn the cross,” Birdseye, Indiana; man broke the cross, Nigeria; War in Lebanon crossing minefield, Belfast, Northern Ireland bomb blast.



It is well with NIgeria

Guyman01:

Bandits have brought down military jets in Borno and Sambisa

Your source of information

Racoon:
Guess it is the same NAF whose planes were being sadly gunned down repeatedly by bandits and BH terrorists that they and the Nigerian government kept on denying even with clear videos?

[s]Guess it is the same NAF jets that have been missing its coordinates thereby leading to unfortunate bombing of civilians and straffing of our own military? As mummified zombies, keep on goading the illegitimate president and cocaine/heroin sniffer to Golgotha.[/s]

You've been a bad man, misinforming the people... its a chopper not a plane

Dottore:
These guys are indeed great and should be worthy of being role models to many.
I noticed something among the yorubas and hausa you will find dollar millionaires and billionaires like one in every 1000,000 but you will also find a tremendous percentage who are feeding from hand to mouth, the very wretched and greater number of indegenous roadside beggars.

However in the South East you will find fewer dollar millionaires and billionnaires but 500 out of every 1,000 are Naira millionaires and billionnaires with potential for sustainable growth. 300 have the ability to easily raise 1million Naira in emergency. The 100 are are struggling while the remaining 100 can be called poor but fewer or negligible percentage are feeding from hand to mouth or roadside beggars.

Wealth is more wide spread in the South East than in any other region in Nigeria

It's important to approach discussions about regional economic disparities with a balanced perspective. While your observation highlights the relative prosperity in the South East, it's essential to remember that wealth distribution and economic development are complex issues influenced by various factors, including historical context, government policies, and socioeconomic conditions.

The Yoruba and Hausa regions, with their diverse economic activities and cultural traditions, also contribute significantly to Nigeria's overall economic landscape. The presence of millionaires and billionaires in these regions can be seen as a sign of entrepreneurial success, which should be celebrated. However, it's crucial to acknowledge that income inequality and poverty exist in various forms across Nigeria, and addressing these challenges should be a national priority.

Rather than comparing regions, a more constructive approach would be to advocate for comprehensive national policies that promote economic inclusivity, job creation, and poverty reduction, regardless of geographical location. Encouraging collaboration and sharing of successful economic models among regions can help Nigeria achieve more equitable development and improve the living standards of all its citizens.

PayStack has been the most profitable among them all. It's a pity for Interswitch, they failed to develop a user-friendly product. Then came Paystack to disrupt the market. The worst but not limited could mention is VTN VertualTerminalNetwork.com, starting from their long name I know everything is wrong with those guys, they are among the few payment gateways that accepts card payments, but today they are struggling to even advertise their product

Emir8:
The Nigerian Senate has rejected military intervention but the Chief of defense staff went to Ghana and pledged that Nigeria is ready to participate. Let's see how this plays out

It is their job, and they must always show readiness. The Senate can change their position tomorrow.

Ikaeniyan0:
It's time the Nigerian military stop using Hilux to transport soldiers while going for operations. Tinubu should focus on improving the standard of our military. Our military should be operating as a mechanize one by now.

Nigeria has two companies manufacturing Armored Vehicles. Daicon make Ezugwu MRAP and Proforce make Igirigi

XAUBulls:

Well said @Jane74.

First off, your English is very okay in your posts... conversely Google Translate will always come in handy for "cheating"...

I too have used an online translation software called babel fish to translate Russian webpages and communicate with potential clients in Russia back in the day and got a perfect feedback from them. This was even before Google Translate came into existence.


Yes, you are absolutely right about rotating military officers and NOT keeping them to serve for too long in one place.

In any event, with the situation brewing in West Africa... it would be great for President Vladimir Putin to step in and tell those coup plotters to revert to status quo, let the ousted minority Arab President Bazzoum complete his 4-year term and and let democracy persist [since Russia seems to exert a strong influence on them]. The coup plotters from the 3 out of 4 West African countries under military rule [Mali, Burkina Faso, Guinea, Niger] all attended the 2nd Russia-Africa Summit that took place in St. Petersburg this month of August 2023.

Nice summations from you.

I don't see putin telling them to back sha

Jane74:


You didn't understand what I wrote.

Either you could not read the text because you are illiterate, or you read it, but not with your eyes, but with your booty.

Nigeria is a completely insignificant country for Russia. Especially when it comes to Russia's strategic interests.

P.S. if I try to explain the realities to you further, then I will be banned automatically on the forum for intolerant white supremacy.

for example, you are sure that for the sake of money, anyone is ready for anything, even Putin will kiss Nigeria in all places - because Nigeria offers money..

So what am I supposed to do?

How can I convey to you that your thoughts are not for Russians?
So that I won't be banned because of a demonstration of white supremacy?
You didn't understand what I wrote.

You don't have to throw tantrum, be conveying your message.
Talk of reality, what is happening in Ukraine is the reality.

Nigeria is a completely insignificant country for Russia. This statement is nothing but a fallacy. If Nigeria is not significant, yourself will not be on this forum. I Even doubt your claim of be a Russian

Danburoba

Jane74:


The Russians, for their part, may think that Nigeria won't want to sabotage its relationship with Russia and will not get involved in an adventure with intervention in Niger.

Because: "Russia, due to the threat of famine in 2023, supplied Nigeria with 34 thousand tons of fertilizers for free", "a meeting with Rosatom on the construction of a nuclear power plant in Nigeria was scheduled at the end of July (I don't know if it took place)", "Russia partially fulfilled the contract for the supply of helicopters to Nigeria" - these are short news headlines in the Russian media for Nigeria over the past month.

In general, you are wrong. Russia has a small trade turnover with Nigeria, in 2021 $ 920 million in total (compare with the leaders in Africa: Egypt - $4.8 billion, Algeria - $3 billion, Morocco - $ 1,6 billion)

As for arms sales, Algeria is a much more profitable (and long-standing) partner of Russia. Do you know Algeria's position on the situation in Niger?

And what are Nigeria's largest trading partners in the world? China ($13,7 billion), India ($13,9 billion), Netherlands ($8,3 billion). China builds 1,980km Oil Pipeline From Niger to Benin Republic.

This is if you think purely from an economic point of view.
But Russians think differently

Russia is at war with Ukraine, and the more problems Western countries that support Zelensky and their satellites have, the better for Russia.

Russia has condemned the unconstitutional coup in Niger, but opposes military intervention in the country.
This is the diplomatic position.

But Russia benefits from any scenario in the region. Because in any case, the interests of Western countries will suffer

Perhaps the military option is even more profitable for Russia. Since there is a high probability that the matter will not be limited to a local Niger-Nigeria conflict and the entire Sahel will burn. Then Algeria will be involved, and if Algeria, which supplies gas to Europe, is involved.. Wow! plus, Russia will sell Algeria even more weapons. Plus a wave of refugees to Europe.

PS. I'm from Russia, I saw your comment and it made me laugh very much. From the land of snow and bears, everything looks completely different. It is not Russia that is interested in Nigeria because of the ridiculous 900 million dollars, but Nigeria should be interested in not spoiling relations with Russia and China.

Sorry for my English

UPD. And think about this, please:

Russia simply will not sell the SU-75 to Nigeria for any money. If Nigeria will want to sabotage its relationship with Russia.
Because Russia does not sell the latest weapons to unfriendly countries in principle

Wherever there is population, there is money, and I for do not think Putin will want sabotage its own previous efforts to befriend Nigeria. Yes both countries have interest in Niger but besides having the opportunity to punish Europe there is no significant benefit Russia would get. Russia does not need Niger's Uranium in any significant amount.

In geopolitics anything can happen, but we will see what will unfold in the coming days. Should ECOWAS choose military intervention, Russia has little it can do, except it will use proxy method to get involved.

Of cause I have recent information about Russian preparing to Puchists for military confrontation with ECOWAS using proxy

Badassniggga:
So AU is backing military operations? Anyways since the Nigerian senate already voted unanimously not to take part in the military campaigns against Niger, other countries of ECOWAS can go ahead and invade without us. Whatever happens internally in another sovereign country is no one's business.

You don't understand foreign policies, geopolitics and how it can affect your country. Nigeria need to act against a subtle move to undermine its integrity. The same issue Russia is fighting in Ukraine is what it is sponsoring in Niger

Horus:


The three countries are Not landlocked because they are allied with Guinea's military junta an Guinea is a country bordered on the west by the Atlantic Ocean with a container port. Now you can see regularly Russian cargo planes landing in the capital, Bamako in mali, delivering weapons and ammunition from Russia

Please for the rest of the argument on Niger Coup, remove hope in Russia, it is not going to help them. Russia won't want to sabotage its relationship with Nigeria. Just last month Dmitry Shugaev, director of Russia’s FSVTS announce to the world that Nigeria express interest in Su-75 stealth fighter jet. out of all the countries that expressed interest in Nigeria and three others were publicly announced while others identify were not revealed. Source

And don't tell me expression of interest does not mean buying, Nigeria did same with Pakistani JF-17 thunder and end up buying 3 and future prospect of buying more in tens.

Barrywilly:
The man died a long time ago when his wife and strong pillar, Pastor Bimbo Odukoya died in that plane crash in PH. To compound his woes, he lost the wife he married after Bimbo to cancer and shortly thereafter again, he lost his twin sister, Kehinde. All these must have been too much for him to bear. Rest on beloved. A Gallant God's General. You have fought a good fight. Rest on.

Honestly, it is not easy to bear burden in the soul, everyday you wake to it, and its often hard to separate it from reality.

Curse777:


The military Coupist can be given assurance of safety and immunity from prosecution plus some money to sustain them in exile

They are not ready to talk. Their eyes is fixed on the reward they will get from trading with Wagner PMC

The Korean War started on 25 June 1950 and ended on 27 July 1953, after the signing of an armistice agreeing that the country would remain divided. This War see United Nation (the US and it Ally) went to War for the first time to liberated the Democratic South Korea after the Communist North Korean army (Korean People's Army or KPA) crossed the border and drove into South Korea.

The United Nations Security Council denounced North Korea's actions as an invasion and authorized the formation of the United Nations Command and the dispatch of forces to Korea to repel it. The UN forces proceed to invade North Korea in October 1950 and moved rapidly towards the Yalu River—the border with China. Remember that Both China and North Korea are both ruled by Communist Party.

The sleeping dragon China whose Communist regime is still young believes that Successful liberation of Korean peninsula from communism might motivate the US and its Allies to lunch an incursion into China due to its anti-communism campaign around the globe. It was at this point that PLA forces under Mao Zedong the leader of Communist enter the conflict.

Looking at the scenario above, the Putschists in Mali, Guinea and Bokina Faso are not in support of Niger Republic for any other reason than the fear of being removed themselves if ECOMOG Military intervention in Niger went successfully (which will happen eventually).

One question one need to asked was that, do these three Putschists has the popularity enough to motivate their soldiers to enter conflict with ECOMOG or do their country has enough resource. Yes they are soldiers and are not afraid of fighting, but is it wise to esclate what they can not finish?

O yes, they pledge allegiense to Russia, but will Russia raise the middle finger to Nigeria its biggest trade partner in the ECOWAS block? I don't think so. If at all Russia has serious interest in the parties, it will rather play both sides or rather than loosing one of it's biggest partner in Africa.

Why Mali, Guinea and Bokina Faso Join Niger Republic, what is your opinion?

Kalashnikov49:
[s]Wing Loong II feeds drones that your Army received from China is now armament that will be devastating to NIGER ARMY?

Just shut it boy, you dont freaking know shyt[/s]

Trashed

Kalashnikov49:
na you get the satellite ?

Wing Loong II feeds. You guys are so naive and outdated on information, yet be arguing with people older than you.

Akuruoulo:

just shut up .
go ask russia how far with their 3 days ukraine war

This is not Ukraine

SSFeedsNigeria:


When I see ignorant agbado fools supporting Ebola to his suicide, I will just leave. One Yoruba guy even compared Niger with Sao Tome and Principe. Some also mention Gambia. Lol, what they don't know is that Niger is a very large desert country, with over 1 million square miles! All they need to do is concentrate their tanks around Niamey then strategically place surface-to-air missiles in equidistant positions facing South. Place landmines on the roads leading towards the capital. Place snippers around villages and settlements and using human shield for cover. With fly zone in place means they can easily shoot down any plane that flies into their airspace.

The only way ECOWAS/Nigeria can win this war is to rout Nigerien army within days, but that too would be extremely difficult given the above scenario. Again, once the war drags on, small/poor ECOWAS countries will start withdrawing. Pressure will mount on Ebola as the cost begin to weigh down on Nigeria. At the end there would be a stalemate and return to negotiation.

Wing Loong II flying high over Niamey, you can never hide from it. As soon as your coordinate is feeded to J20, don't forget to say good.

Kalashnikov49:
You watch too much films. .and that is why people use Propaganda to hoodwink you into supporting Nonsense.

Where will they get fuel from?

Where will they get drones from? Even if they buy, who are the mercenaries that will operate them?

The Jets and helicopters you operate are obsolete and that is why they breakdown and are easily smashed by insurgents.

If it's ground battle, they will kill your troops mercilessly, because it's their terrain.

So before you talk just try and think...spits

Which terrain, in this modern day live satellite imagery?

Obaofaba:
Now I see...

Well, well, well.

This is scandalous, if anything is learnt in this whole bruohaha, I think it's the fact that we must be mindful of our social media posts.

The rule is, don't go overboard except you are criticising terrorists like ipob terrorists, Boko Haram or bandits disturbing the peace of the nation.

In 2020 I have to pass through the pain of removing all political post I made on Facebook. Nobody knows tomorrow.

Svlla:
Many of you failed to read to understand.

Like i said a few days back when i heard the news of power cut to Niger. Niger's retaliatory measures will affect the Nigerian power generating capacity. It will be unwise for Nigeria to threaten Niger with Power cut has these has never happened before.

The Damming of the Niger will reduce the water Level and make our dams useless

Blocking a river will take a lot of months to complete and it is financial burden. Niger doesn't have that kind of money to block River Niger.
And if they want to waste their money, where will there redirect the water to go when the dam overflow.

Go and read what caused friction between Ethiopia and Egypt, you will know that Nigeria will do same to Neejay

Kapeter:
Ok thanks for clarification. Hopefully they'd find some business and start and not waste it all.

Life in Kaduna is quite simple, they would be able to get daily feed

EKONGKING:



Its the economy i am worried about and that's the reason ,i said USA should provide for the costs . .

Economy will not be affected, only the foreign reserves will bear the consequences and casualties on both sides.

Kapeter:
The DPO has done well and i commend him but then if Aliyu couldn't pay just 20k as dowry to have his beloved maryam then what's his plan on how to take care of Maryam and his new family i mean. I'm not so certain but i'm thinking he definitely might make an attempt at a second wife sooner or later. The poverty cycle continue wqith the new kids and Nigeria continue to sink deeper in the poverty indices. Not good enough.

News headline can be sensational sometimes.
The 20k may be the main dowry fee. Based on the news content, the total amount contributed should be 104k. From DPO 53k, groom family N51k.