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European Football (EPL, UEFA, La Liga) / Re: Arsenal Vs Newcastle (4 - 1) On 24th February 2024 by Omooba77: 9:20pm On Feb 24 |
Gabriel..... 1-0 Arsenal..... 3 Likes |
Politics / Re: Again, Boko Haram Destroys Two TCN Towers In Yobe by Omooba77: 7:16pm On Feb 24 |
Nigeria our country...... |
Politics / Again, Boko Haram Destroys Two TCN Towers In Yobe by Omooba77: 4:19pm On Feb 24 |
Suspected Boko Haram insurgents have again targeted critical infrastructure in Yobe State, bringing down two Transmission Company of Nigeria (TCN) towers in Kasaisa Village, along Kasaisa-Damaturu-Gujba road. The attack which occurred on Friday morning had resulted has plunged the state capital and its environs into darkness. Video Player is loading.This is a modal window.The media could not be loaded, either because the server or network failed or because the format is not supported. The incident was the second in three months, coming one month after the TCN had repaired the facility and restored electricity to the region. Abuja to experience 7-hour blackout this weekend Mama Boko Haram, 2 others jailed over N40m ‘fraud’ When contacted, the Assistant Director, Public Relations Officer, Operation Lafiya Dole Sector 2 Damaturu, Captain Shehu Muhammad, confirmed the incident. “It’s so unfortunate, the vandals bring down the towers,” he said. Recently, Boko Haram fighters escalated their attacks in four areas; Gubja, Gulani, Geidam and some parts of Damaturu, the state capital. Residents of Damaturu said the recurring incident underscored the urgent need for enhanced security measures to protect vital infrastructure and ensure uninterrupted power supply in the state. https://dailytrust.com/again-boko-haram-destroys-two-tcn-towers-in-yobe/ |
European Football (EPL, UEFA, La Liga) / Arsenal Vs Newcastle (4 - 1) On 24th February 2024 by Omooba77: 9:29am On Feb 23 |
Arsenal continues with its impressive run in the EPL, despite Set back at Porto by welcoming Newcastle...... #COYG...... 1 Like |
Business / Re: US Dollar Supply Surges By 51% In Forex Market As Naira Records Gain by Omooba77: 6:28pm On Feb 22 |
nlfpmod: How much is dollar now?...... |
European Football (EPL, UEFA, La Liga) / Chelsea Vs Liverpool: Carabao Cup Final (0 - 1) On 25th February 2024 by Omooba77: 6:25pm On Feb 22 |
The first piece of silverware for the 2023/24 season is up for grabs as Liverpool take on Chelsea in the Carabao Cup final at Wembley on Sunday afternoon. Liverpool have won the EFL Cup a record nine times and Jurgen Klopp would love to make it 10 as he bids to end his tenure with at least one trophy. The Reds are still in the FA Cup, are favourites to win the Europa League and are sitting top of the Premier League, so Klopp could even sign-off with an historic quadruple. Liverpool cement their place at the top of the league table and extended their advantage over Manchester City to four points with a 4-1 comeback victory over Luton Town on Wednesday night. The scoreline suggests it was a routine win for Liverpool but it was anything but. The Merseysiders trailed 1-0 at half time and had to produce 45 minutes of magic to turn things around and avoid an embarrassing home defeat. It would have been a hammer blow to Liverpool’s title hopes had they dropped points against Luton, but goals from Virgil van Dijk, Cody Gakpo, Luis Diaz and Harvey Elliot ensured the Reds extended their lead at the summit. The win made it three consecutive victories for Liverpool since their defeat away to Arsenal earlier this month so they come into the final in good form. Chelsea have won the EFL Cup five times, most recently in 2015, and they’ll be looking to win their sixth to ease the pressure on Mauricio Pochettino after another disappointing campaign. After finishing 12th last season, this was meant to be a fresh start under Pochettino but the same issues remain. The Blues have been hugely inconsistent once again this season, as recent results show. After losing 4-1 away to Liverpool and 4-2 at home to Wolves, Chelsea responded with an impressive 3-1 win away to Aston Villa in the FA Cup before beating Crystal Palace by the same scoreline at Selhurst Park. They then pushed Manchester City all the way and almost left the Etihad Stadium with a shock win thanks to a Raheem Sterling opener. However, City snatched a late draw through Rodri to deny Chelsea a morale-boosting win. Pochettino was still happy with a point and it should give the Blues some confidence heading into the final against Liverpool. How to watch The Carabao Cup final between Liverpool and Chelsea will take place at 3pm UK time on February 25th, at Wembley Stadium. The game will be broadcast live on Sky Sports, with subscribers able to follow all the action via their Sky box or Sky Go app. Understandably, there has been huge demand to watch the game live at Wembley. Tickets via official channels sold out immediately, however, fans can still buy Chelsea vs Liverpool EFL Cup final tickets at reputable online resellers such as seatsnet.com. Team news Liverpool have a huge injury list to contend with heading into the game after 10 players missed the win over Luton in midweek. Number one goalkeeper Alisson Becker has been ruled out until after the next international break due to a thigh injury so he’ll be a huge miss for the Reds. Diogo Jota is facing a race to play again this season after being ruled out for ‘months’ with a knee injury that he sustained last weekend. Trent Alexander-Arnold is expected to miss the EFL Cup final with a knee injury while Joel Matip has been ruled out for the rest of the season with a serious ACL injury. Darwin Nunez sat out the win over Luton due to a knock but he could return to face Chelsea on Sunday if he passes a late fitness test. Mohamed Salah won’t be involved though as the Egyptian international is carrying a thigh injury that’s expected to keep him out for at least another week. Dominik Szoboszlai is still not back in full training as he continues to overcome a thigh injury so he’s not expected to be available this weekend. Thiago Alcantara is still recovering from his latest setback after picking up a hamstring injury last month. Curtis Jones is also set to miss the cup final with an ankle injury while Stefan Bajcetic is also unavailable. As for Chelsea, they’ll continue to be without Wesley Fofana as he’s out with a serious ACL injury. Reece James is also out with a long-term thigh problem while Benoit Badiashile is out with a groin injury. Veteran defender Thiago Silva is facing a race against time to prove his fitness after missing the draw with City due to a groin problem. Carney Chukwuemeka is also facing a late fitness test but Robert Sanchez should be back in the squad – although he’s unlikely to oust Djordje Petrovic in goal. Summer signing Romeo Lavia has endured a torrid time with injuries since joining the club last summer and he won’t be back in time for the cup final due to a thigh problem. Marc Cucurella is also still out along with Lesley Ugochukwu. Likely Line-ups Klopp will hope to get a few players back but none of his absentees are likely to be fit to start on Sunday. Kelleher will continue to deputise for Alisson in goal while we could see Endo, Ryan Grevenberch and Alexis MacAllister starting in midfield once again. However, we could see changes in the Liverpool defence with Ibrahima Konate and Andrew Robertson pushing for recalls. Josh Quansah and Joe Gomez could be the players to make way. Klopp will hope Nunez is fit to return and he could replace Elliot in attack. Chelsea are unlikely to tinker too much from the side that drew at City. Pochettino could stick with the same back four even if Silva is passed fit while Enzo Fernandez and Moises Caicedo will start in midfield. Christpher Nkunku is unlikely to get a recall after struggling to find his best form since returning from injury so Nicolas Jackson could keep his place up front. Likely Liverpool XI: Kelleher, Bradley, Konate, Van Dijk, Robertson, Endo, MacAllister, Gravenberch, Nunez, Gakpo, Diaz. Likely Chelsea XI: Petrovic, Gusto, Disasi, Colwill, Chilwell, Fernandez, Caicedo, Gallagher, Palmer, Sterling, Jackson. |
Crime / Gunshots As Hoodlums Hijack Trucks, Steal Food Items In Niger State by Omooba77: 1:38pm On Feb 22 |
Soldiers opened fire, on Thursday, when suspected hoodlums hijacked trailers loaded with foodstuff in the Suleja Area of Niger State. https://dailytrust.com/breaking-gunshots-as-hoodlums-hijack-trucks-steal-food-items-in-niger-state/#google_vignette 9 Likes
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European Football (EPL, UEFA, La Liga) / Arsenal Vs Porto FC March 12, 2024 9pm by Omooba77: 7:08am On Feb 22 |
Arsenal will come back strong.... 1 Like 1 Share |
European Football (EPL, UEFA, La Liga) / Re: FC Porto Vs Arsenal UCL (1 - 0) On 21st February 2024 by Omooba77: 10:29pm On Feb 21 |
#COYG..... 1 Like |
Politics / IMF Warns Naira May Experience Further 35% Depreciation In 2024 Due To Nigeria’s by Omooba77: 2:37pm On Feb 21 |
The International Monetary Fund (IMF) has warned that the country’s exchange rate may depreciate further by about 35 percent this year and contribute to a sharp rise in inflation, peaking at 44 per cent before the monetary policy could eventually arrest the situation through tightening. The fund disclosed this in its February 2024 Post–Financing Assessment and Staff Report. It noted that monetary policy is currently insufficiently tightened to bring inflation below 20 per cent while pressures on the Naira persist. The report noted that amid the absence of local production and the recent liberalisation of commodity imports, the exchange rate would likely depreciate further. IMF said Nigeria had been hit by another adverse climate shock in early 2024 – following severe flooding in late 2022- that exacerbated the current weakness in agriculture and led to a decline in output and a surge in food prices. According to the Bretton Woods institution, the country would benefit from developing a comprehensive macroeconomic and growth strategy, in collaboration and with support from development partners. Nigeria May End Up with IMF 'Unwillingly' If It Fails to Address Fiscal Challenges, Says… Fuel Subsidy May Hit N6trn in 2022, IMF Warns Nigeria This, it said, would include aggressive monetary tightening, fiscal adjustment to restore macroeconomic stability, and putting in place climate adaptation measures. It stressed that domestic demand had weakened due to the steep fall in real incomes – as investments in the oil sector would likely stall due to rising costs, and production declines. The fund further predicted that the country’s growth could fall to zero in 2024 and only slowly recover to two per cent in 2028. It said the uncertainty over Nigeria’s net international reserves level poses additional risks, as would exogenous further shocks that impact external stability, poverty, and food insecurity. The publication further stated that the fiscal deficit could increase above six per cent of GDP in 2024 and 2025, driven in part by increased transfers to quell social unrest (one per cent of GDP) and a rise in the implicit fuel subsidy. IMF Predicted that, “With limited external financing options and higher expenditures, there is increasing use of CBN and domestic financing. The authorities implement expenditure measures in 2026, for example, phasing out the implicit fuel subsidy but the debt to GDP ratio still rises by six percentage points above the baseline by 2028. “The spike in inflation and rise in uncertainty trigger portfolio outflows, and Nigeria is unable to access Eurobond financing. Reserves decline to $17 billion in 2025. Obligations due under the RFI peak at over eight per cent of officially reported reserves. “Nigeria would be able to repay the fund, even in the downside scenario. This assumes that the authorities continue to prioritise external debt service. However, debt service would compete directly with urgent humanitarian needs to tackle rising poverty and food insecurity that would need to be prioritised. “Therefore, even assuming the authorities reserve the remaining SDR allocation for RFI repayments, trade-offs could be severe. “The uncertainty over Nigeria’s net international reserves level poses additional risks, as would exogenous further shocks that impact external stability, poverty, and food insecurity.” https://www.arise.tv/imf-warns-naira-may-experience-further-35-depreciation-in-2024-due-to-local-production-challenges/ 1 Like |
Politics / FOREX Crises: 2024 Budget Suffers Major Dislocations by Omooba77: 7:18am On Feb 20 |
THERE are indications that the Federal Government may be forced to review the 2024 Appropriation Act as recent developments in the foreign exchange market may have put the financial assumptions in complete disarray. https://www.vanguardngr.com/2024/02/forex-crises-2024-budget-suffers-major-dislocations/ 1 Share
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Politics / FG Reforms Worsening Nigerian’s Hardship - Catholic Bishops by Omooba77: 9:07am On Feb 19 |
The Catholic Bishops Conference of Nigeria has said that the current administration’s reform agenda has increased the hardship being faced by citizens. The President of the CBCN, Lucius Ugorji, made this declaration during his welcome speech on Sunday at the commencement of the 2024 First Plenary Assembly of the CBCN, held at the Catholic Secretariat of Nigeria Resource Centre in Durumi, Abuja. The bishop noted that inflation had rendered it challenging for the typical Nigerian to afford essential commodities, such as food items and medication. “The reform agenda of the present government has added to the plight of Nigerians. With the withdrawal of fuel subsidies and the unification of the foreign exchange market, there has been a sharp increase in the pump price of petroleum products and a steep decline in the value of the naira. Indeed, there is a free fall of the national currency. “As a result of the government’s reform agenda, millions of Nigerians have been reduced to a life of grinding poverty, wanton suffering, and untold hardship as never before in our national history. “In a bid to survive, an increasing number of the poor have resorted to begging. With more than 80 million Nigerians living under the poverty line of less than two dollars a day, our country, according to the recent disclosure of the World Bank, is the world’s second-largest poor population after India. “While many impoverished Nigerians continue to suffer and die as a result of the hardship caused by the government’s economic reforms, the president has continued to urge the populace to make even more and more sacrifices with the assurance that brighter days lay ahead,” he said. He said that as the government demanded additional sacrifice from the struggling masses, Nigerians were expecting to see a drastic cut in the cost of running the government at all levels. On insecurity, the bishop said despite the money appropriated monthly as security votes, communities continued to experience persistent insecurity. He said, recently, there has been an upsurge in kidnapping for ransom and increasing cases of bloodshed across the country. Similarly, the president, Christian Association Nigeria, Archbishop Daniel Okoh, said “the high level of insecurity, runaway inflation and hunger are areas of serious concern as well. I am confident that the state of our nation shall be exhaustively discussed with sincerity and humility at the plenary as usual.” The Secretary to the Government of the Federation, Senator George Akume in his remarks, told the Bishops that the country is relying on them for encouragement to the Nigerian populace. “Through strategic policies, well thought out initiatives and investments, the Bola Ahmed Tinubu administration aims to drive economic transformation, ensure security, enhance food production, harness natural resources, develop critical infrastructure, improve social services, foster economic diversification, and enhance governance efficiency. “These efforts are geared towards building a prosperous, secure and inclusive Nigeria for all”, Senator Akume added. Also speaking, Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso blamed the high inflation rate in the country on so much liquidity in the market. He argued that in spite of all the difficulties, there is light at the end of the tunnel and effort by the federal government to remove the subsidy on fuel will contribute to a more positive outcome. Cardoso noted that as a result of some of the recent reforms of the CBN, over the course of the last week, about $1.8 billion dollars came into the markets adding that as long as the country can sustain a positive trajectory, Nigeria will get out of its economic woes and the foreign exchange market will begin to moderate itself. The CBN governor observed that in another week, the CBN will have the Monetary Policy Committee meeting where very critical decisions will be made to continue making economy more investor-friendly. https://punchng.com/fg-reforms-worsening-nigerians-hardship-catholic-bishops/ |
European Football (EPL, UEFA, La Liga) / FC Porto Vs Arsenal UCL (1 - 0) On 21st February 2024 by Omooba77: 7:43pm On Feb 18 |
Arsenal takes the impressive form to Porto in the UCL round of 16....... 3 Likes |
Religion / Can God Be Wicked To Allow This Hardship In Nigeria? by Omooba77: 9:42am On Feb 18 |
Can God be Wicked to allow this hardship in Nigeria? |
European Football (EPL, UEFA, La Liga) / Re: Burnley Vs Arsenal (0 - 5) On 17th February 2024 by Omooba77: 10:45pm On Feb 17 |
#COYG.. 5-0 back to back away wins... 2 Likes |
European Football (EPL, UEFA, La Liga) / Burnley Vs Arsenal (0 - 5) On 17th February 2024 by Omooba77: 12:00am On Feb 17 |
Arsenal continues the impressive run with a visit to Burnley....... 2 Likes |
Properties / Re: Cement Price Surges To N15,000 In Abuja by Omooba77: 12:50pm On Feb 16 |
Nlfpmod, it is not funny again, what we used to buy 5 bags last year is now the price of one. APC is synonymous with wickedness and hardship..... 113 Likes 8 Shares |
Properties / Cement Price Surges To N15,000 In Abuja by Omooba77: 12:30pm On Feb 16 |
A 50 kilograms bag of cement in the Federal Capital Territory has surged to between N10,000 and N15,000, DAILY POST reports. https://dailypost.ng/2024/02/16/cement-price-surges-to-n15000-in-abuja/ 5 Likes 1 Share
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Politics / Terrorists Invade Mosque In Katsina, Kill Three, Abduct Several Others by Omooba77: 7:02am On Feb 16 |
A group of armed individuals, described as bandits or terrorists, launched a series of attacks in Katsina state on Wednesday night and Thursday morning, leaving at least three people dead and several others abducted.https://www.vanguardngr.com/2024/02/terrorists-invade-mosque-kill-three-abduct-several-others-in-katsina/ 3 Likes 1 Share
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Politics / Northern Nigeria Struggles With Food Shortages by Omooba77: 1:44pm On Feb 15 |
But the price of locally-produced rice has spiralled, pushing the staple out of reach for many. The cost of maize flour, millet and sorghum has also shot up. Eighty percent of Nigeria's grain is produced in the northwest and northeast, but violence in these regions has increased pressure on supplies. Deadly raids and kidnapping for ransom by criminal gangs in the northwest and a jihadist conflict in the northeast have displaced many farming communities. In a report this month the World Bank warned of acute food shortages in seven states due to the violence. Nigeria has also shut its northern border with Niger following a military coup that toppled President Mohamed Bazoum last year, preventing millet and cowpea from reaching northern Nigerian markets. Hoarding Nigerian authorities face increasing pressure to ease the hardship. On Monday agriculture minister Abubakar Kyari told parliament national food security had suffered since the coronavirus pandemic in 2020 and devastating floods the following year. But Ya'u Tumfafi, an official at Dawanau grain market on the outskirts of Kano, said hoarding was also to blame. "Wealthy people have joined the grain business and continue to mop up grains and store them in warehouses," Tumfafi told AFP at Dawanau, the largest grain market in West Africa. FILE - Nigerian manufacturers struggle with rising grain prices, especially for wheat, sparked by Russia's war on Ukraine. To address growing discontent, President Tinubu has ordered the release of 102,000 tons of grain from the strategic reserve for sale at a subsidized rate to force down food prices. He also vowed to tackle hoarding, while Kyari told parliament the government intended to boost irrigation farming to help ramp up production. In Kano, authorities have raided warehouses where traders are suspected of hoarding food supplies. Yobe state government this month banned bulk purchases of grain from local markets to stop hoarding and exports across Nigeria's borders saying it was to "stem the tide of food scarcity and high cost of grains." Niger state governor Mohammed Umar Bago has announced a ban on the mass purchase of foodstuffs from local markets. He ordered security forces to confiscate trucks carrying products in bulk and "share the food to the people." But grain trader Tumfafi said these were "just stop-gap measures that cannot solve the food problem we are facing." "What impact can 102,000 tons make for 220 million people?" he said. "Let the government secure our villages in the northwest and northeast for people to return and cultivate their farms. Nothing short of this will work." https://www.voaafrica.com/a/northern-nigeria-struggles-with-food-shortages-/7488602.html |
Politics / Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Omooba77: 12:54pm On Feb 14 |
Loosing income daily...... 4 Likes |
Politics / Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Omooba77: 12:48pm On Feb 14 |
Nigeria’s crude oil production marginally dropped in January 2024 to 1.419 million barrels per day (mbpd) from 1.422mbpd in December last year. https://dailypost.ng/2024/02/14/nigerias-crude-oil-production-dropped-by-3000-barrels-per-day-in-january-2024-opec/ 2 Likes
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Politics / Re: Nigeria’s Situation Better Than Venezuela’s, FG Replies PDP by Omooba77: 12:19am On Feb 14 |
Hmmmmm.... |
Politics / Re: Cost Of Living: Pray, Repent, Sultan Urges Nigerians by Omooba77: 10:07pm On Feb 13 |
Nlfpmod, eyi padaaaa.... |
Politics / Nigeria’s Situation Better Than Venezuela’s, FG Replies PDP by Omooba77: 10:04pm On Feb 13 |
The Federal Government on Tuesday slammed the Peoples Democratic Party Governors Forum for comparing Nigeria’s current economic challenges with that of Venezuela. The Chairman of the PDP Governors’ Forum and Bauchi State Governor, Bala Mohammed, on Monday said Nigeria under the leadership of President Bola Tinubu’s All Progressives Congress-led Federal Government was almost on the path to becoming like Venezuela. Venezuela is currently facing challenges such as political corruption, persistent scarcities of food and medicine, shutdowns of businesses, high unemployment rates, decreased productivity, violations of human rights, severe economic mismanagement, and heavy reliance on oil, all of which have exacerbated the crisis. There has been a notable increase in abduction cases and various other crimes in the Federal Capital Territory and other regions of Nigeria recently. Additionally, prices of foodstuffs have been rising, making it challenging for the majority of Nigerians to afford. AFCON 2023: Super Eagles Lose To Elephants To Clinch Runner-up0:02 / 1:01 Reacting, the Minister of Information and National Orientation, Mohammed Idris, in a statement on Tuesday said though Nigeria is facing different challenges, its situation is nowhere near what is happening in Venezuela. Idris noted, “As critical stakeholders and leaders at the sub-national level, the PDP governors certainly have the right to state their position on national concerns as is expected. “However, as leaders in the country who are members of two important constitutional organs of government – the National Economic Council, which is the highest economic management organ of the country, and the National Council of States, we believe the PDP governors did not conduct themselves in a manner befitting their roles as leaders. “It is far-fetched when PDP governors, who are supposed to be major players in driving economic growth and prosperity for our citizens in their respective states, mischievously and falsely compare our current economic challenges to Venezuela. “We want to state categorically that though our country is going through some rough patches, which are being addressed by the administration of President Bola Ahmed Tinubu, our situation is nowhere near what is happening in Venezuela.” Giving reasons why the PDP governors were mischievous in their comparison, the minister explained, “The Nigerian economy is still very strong and is expected to record a three per cent Gross Domestic Product growth this year. :The economy is meeting financial obligations to lenders at home and abroad. The Nigerian government is running effectively, and our government can pay all its bills while maintaining a healthy trade balance with trading partners worldwide. “Since President Tinubu assumed office, the revenue available to the three tiers of government has more than doubled. All 36 states, including the 774 Local Governments, have been receiving significantly larger allocations on the back of the reforms being pursued by President Tinubu to reposition our national economy.” Idris added that the PDP owed Nigerians an account of increased allocations. “Nigerians should ask PDP Governors how far and how well they have utilised the increased revenue to better the lives of Nigerians in their respective states. “It is on record that most States controlled by PDP owe workers and pensioners months of unpaid salary and pension arrears. The PDP Governors have defaulted in paying gratuities to their retired workers. It is also a fact that many of the PDP Governors have not paid N30,000 minimum wage to their workers since it took effect more than four years ago. All of these anomalies in their states contribute significantly to the economic pressure their citizens face. “If PDP governors are genuinely interested in the living conditions of Nigerians and are not just stirring up disaffection and ill-will towards the federal government, we urge them to meet their obligations to workers, pensioners, and local contractors and see the multiplier effect,” he said. He assured all that the APC-led administration is working hard to address the current challenges. The minister added, “The President is working with his security chiefs to eliminate all security threats wherever they exist within our borders, and we are getting results in the number of terrorists, bandits, and kidnappers that have either been killed or arrested in the past few weeks. The success of the efforts is also reflected in the over 700 abducted Nigerians who have been rescued from captivity. “The Central Bank is addressing the problem of volatility in the exchange rate, and we are beginning to see stability that will eventually lead to the naira gaining its actual value against the dollar and other convertible currencies.” He urged the PDP governors “to join their colleagues in the Nigerian Governors Forum, who are collaborating with Tinubu and Vice President Kashim Shettima to revamp the economy for Nigerians’ collective well-being.” https://punchng.com/nigerias-situation-better-than-venezuelas-fg-replies-pdp/ 1 Like |
Politics / Re: Cost Of Living: Pray, Repent, Sultan Urges Nigerians by Omooba77: 7:23pm On Feb 12 |
There is hunger and anger in town........ |
Politics / Re: Cost Of Living: Pray, Repent, Sultan Urges Nigerians by Omooba77: 12:02pm On Feb 12 |
Nlfpmod, how do we repent...... 1 Like |
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