₦airaland Forum

ULOPVQ:
So, PMS may hit N500 before the end of the first quarter of the next fiscal year, "boy oh boy". Nigerians are in for one hell of a ride, the amount of people that will abandon their cars by next year, and choose to act like " Children of Israelites" will be massive.
My heart felt sympathy to entrepreneurs whose business depend on PMS to survive, as many of them will fold up and join the bandwagon of unemployed Nigerians.

’Femi Asu

The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per litre this month, according to marketers, as oil prices extended their rally on Monday, with Brent crude trading near $50 per barrel.

Brent, the international oil benchmark, has risen by more than 15 per cent since November 13 when the pump price of petrol was adjusted in the country. It stood at $49.39 per barrel as of 7:29pm Nigerian time on Monday.

The Minister of State for Petroleum Resources, Timipre Sylva, had said in September that the Federal Government had stepped back in fixing the price of petrol, adding that market forces and crude oil price would determine the cost of the product.

The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, said fuel prices might increase before the end of December, considering the current realities in the market.

“Once we have deregulated, petrol price is a function of crude oil price. If in the past few months, oil price has hovered around $40 to $44 per barrel, when it moves to $49-$50, we have to be expecting nothing less than N180 per litre of petrol,” he said.

Osatuyi, in a telephone interview with our correspondent on Monday, said petrol price could reach N200 per litre if oil price crossed the $50 per barrel mark.

“The devaluation of naira by N6 will actually have effect on the pump prices of fuel maybe by the end of this month or early next year,” he added.

He faulted the current situation in which the Nigerian National Petroleum Corporation remained the sole importer of petrol into the country despite the deregulation of petrol price.

“As at today, NNPC is still practicing monopolistic deregulation because it is the only one importing petrol for Nigeria. If you deregulate, you are supposed to make forex available for other players,” he said.

The Chairman, Major Oil Marketers Association of Nigeria, Mr Adetunji Oyebanji, also told our correspondent that private marketers were still unable to import petrol because of lack of access to forex.

He said marketers were also concerned about the discussion between the Federal Government and labour regarding deregulation, adding that discordant tunes would leave investors worried.

“The impression has been that deregulation has been agreed with labour already. It would always help when you know clearly the direction of government,” he added.

The Federal Government removed petrol subsidy in March this year after reducing the pump price of petrol to N125 per litre from N145 on the back of the sharp drop in crude oil prices. The price reduction lasted till June.

Nigerians have seen increases in the pump prices of petrol four times in the past five months, rising from N121.50–N123.50 per litre in June to N140.80-N143.80 in July, N148-N150 in August, N158-N162 in September and N163-N170 in November.

Afamed:
Perhaps you were toddler, when people could not go to church on Sundays during GEJ era because of Boko haram . You didn't remember when Boko haram daily attacked police stations throughout the North. You didn't see when Bokoharam attacked UN office in Abuja?
Most of you, have short memory

Whoube99:
Continue to call them criminals, na una sabi! Sai baba!! 4 + 4 !!! Next Level jare !!!!

LeeSantos:
Una dey cra*e.
I'm not even concerned bout the Northern indigenes right from the start of their massacre but the non indigenes from the south, west & east. If they like they should wipe out their full existence, not my concern bcus their leadership brought this upon themselves and the citizens who join the terrorist group willingly or forcefully

Now they are condemning the president they voted for twice! Haba. This is just the beginning of the suffer

genius2b:
No. Get tecno pop 2 plus or itel p33 plus. If 4G Is a must, get itel S15 Pro. The nokia c1 does not support 4G.

Wizywiz:
valid ID , your bank details such as ur bvn and atm

Wizywiz:
yes dear they do.100%

Wizywiz:
yes dear they do.100%

Wizywiz:
or u can visit calus Miller opposite presidential hotel

TecM0:
They spent alot to develop their own OS, and they are doing fine, chances are they won't want to go back to America for os

GodHatesBigots:
I am an Igbo man and I support the BIAFRA IDEA but there are some foolish things that IPOB are doing to undermine our cause.

1. Supporting a racist lunatic in the white house because he is seen as a good christian who will fight for Biafra - Wrong . Trump hates Africans.; he only cares about himself.

2. Spreading silly rumours about the death of Buhari when even a 10 year old knows this is not true. Buhari is alive and well and guess what , I don't like the man one bit for the cruetly he has shown towards my people.

3. Insulting anybody and everybody who disagrees with some of their ideas instead of having an honest, peaceful and constructive dialogue

4. Nnamdi Kanu's constant insults on black Africans, sometimes asking God why he created the black race etc . This is not good, it is very offensive

5. Online threatening to murder and attack their enemies

6. Sending unarmed IPOB 'soldiers' to fight fully armed soldiers


If IPOB can get rid of all these things, all Igbos will be IPOB.