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Politics / Re: Convert Your Dollars To Naira Before Dangote Refinery Starts β Omokri To Nigeria by oyatz(m): 9:17pm On Apr 04 |
mariahAngel: You actually start your refinery too. |
Politics / Re: Convert Your Dollars To Naira Before Dangote Refinery Starts β Omokri To Nigeria by oyatz(m): 9:16pm On Apr 04 |
mightyhazel:Nigeria has no power the dollar but has power over Naira. When the exchange rate was $1= N180, the exchange rate was heavily subsidized by the CBN (meaning CBN was selling dollar to Nigerians below the market value). 1 Like |
Politics / Re: Convert Your Dollars To Naira Before Dangote Refinery Starts β Omokri To Nigeria by oyatz(m): 9:13pm On Apr 04 |
Splashme: Importation of crude oil have lesser impact on the exchange rate than importation of refined petroleum products. With time, about 80% of the crude oil will be sourced locally in Naira ,which will drastically reduce the demand for the dollar. Thus the Naira will gain strenght. 1 Like |
Politics / Re: Allen Onyema, From Zero Business To A Billionaire by oyatz(m): 9:05pm On Apr 04 |
Nigeria is a hot bed of corruption and most wealthy Nigerians are guilty of this. However, the man is doing well, at least he invest the money in the economy. |
Politics / Re: Dangote Pegs Minimum Of 1Million Litres/Marketer As Diesel Sale Begins by oyatz(m): 5:49pm On Apr 03 |
shoodboi2: So many marketers can buy it. Even IPMAN can buy it and share among their members. 1 Like |
Politics / Re: Dangote Pegs Minimum Of 1Million Litres/Marketer As Diesel Sale Begins by oyatz(m): 5:46pm On Apr 03 |
Lukuluku69: You don't know anything about marketing of petroleum products. Many marketers can afford it (I am not talking of Ajadi & Sons Petroleum or Okorie Brosters Int'l Petroleum). As for smaller companies, 3-5 Petroleum marketers can merge to form a bigger player in the sector. |
Politics / Re: Dangote Pegs Minimum Of 1Million Litres/Marketer As Diesel Sale Begins by oyatz(m): 5:40pm On Apr 03 |
Nonybb: You that you are not evil, help Nigerinas to crash the prices of Rice, eggs, milk, meat, tyres and roofing sheets. Nigerians will really appreciate you sir. |
Politics / Re: RE State Police?? No African Country Has Regional Police by oyatz(m): 2:36pm On Apr 01 |
Even in Nigeria before Jan,1966 ,Policing was under Local Government . There was Federal Police that handled Inter-State crimes. |
Politics / Re: APC Suspends Maryam Suleiman For Defending El-Rufai Over Kaduna Debt Burden by oyatz(m): 6:24am On Apr 01 |
4tomandchi: Which goid will this do to the North? |
Politics / Re: Efik, Ibibio, Ijaw, Itsekiri And Other Eastern Minorities by oyatz(m): 7:12am On Mar 31 |
Bendeco2020: Why do many Igbo and IPOB sympathizers always try to down play the experience of the Minority tribes during the civil war or simply deny it? Let Igbo, Efik, Ogoni, Ijaw, Yoruba, Bini, Hsusa, Ebira, Tiv and other Nigerians tell their experience during the civil war. Different people experienced the war differently |
Politics / Re: What Was Nigeria Producing When A Dollar Was 200 by oyatz(m): 8:19am On Mar 30 |
Yourprick: Nigeria was just collecting rents from crude oil explored and exported by several (mostly foreign) companies. Out of the $money ,the CBN would sell dollars to people at a very low rate (e.g $1=200) that is below the market value. This meant that the CBN was subsidising the exchange rates. This policy has been in place since 1973 when the Naira was introduced. The policy has it's pros and cons. Pros: It enable Nigerians to access FOREX at low rates so they can import foreign goods or pay for foreign services e.g Hajj, Tuition fees in Foreign schools,Medical treatments abroad or even Holiday in The Bahamas etc Cons: 1) With increased population and increased demands for Foreign goods/services, the CBN was unable to meet the demand for dollars at subsidised rates ,so they often increase the exchange rates e.g from $1= #0.56 in the 1970s $1= #5 in 1986 $1=#21 in 1993. However, not all those who needed the dollars got it at this rate, privileged elites who got it at 'official' subsidised rates sold it in the black markets at exorbitant rates. By 2022, Nigeria was borrowing $1.5 Billion monthly to subsidised the exchange rate and it got to a point, no creditor was willing to borrow Nigeria money for such subsidies anymore. |
Politics / Re: Why Peter Obi Should Run For President In 2027 (Counter Thread) by oyatz(m): 7:36pm On Mar 29 |
Ofunaofu: Common, you need to get out of this beer parlour. There was a presidential election in 2015 in which APC defeated PDP. All these gibberish you are spewing remain gibberish. In the 2023, did Peter Obi betrayed 'the unity of Southern Nigeria' by contesting? 1 Like |
Politics / Re: Why Peter Obi Should Run For President In 2027 (Counter Thread) by oyatz(m): 5:03pm On Mar 29 |
Ofunaofu: This your analogy is always funny to me. How did Tinubu ganged up against 'the entire southern unity'? How is he treacherous and how will ge reap from it? 1 Like |
Culture / Re: Benin Was A Yoruba speaking Empire. by oyatz(m): 4:39pm On Mar 29 |
lawani: You still need some studies in History, Sociology and Linguistics. * No society remain exactly the same for a very long time and as such, their languages change over time. Languages evolve into modern ones or even new languages if they absorb too much foreign words into it. The Language spoken in Ilesha, Akure, Owo , Benin to Itsekiri in 1654 were very similar but these languages evolved over time to their present stages. You will need a special dictionary to understand the English language used by Shakespeare to write his books 500yeaars ago. The English, originally a Germanic language borrowed from Latin, Greek, French etc |
Politics / Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by oyatz(m): 4:26pm On Mar 29 |
Birdbyrde440: This kind of Mentality is the differences between UK and Nigeria. It is not about earning a living, but what do multi-millionaire in dollars do to earn such humongous money and how much to they pay as tax? In the UK, you can't just become a multimillionaire without a workbase with appropriate tax profile. As a matter of fact, in the UK, France, Germany and other Western European countries, you can NOT become very rich suddenly, your financial statements must be balanced. You must show workings! The system can predict your expected incomes for years if you on a particular path. In Nigeria, a young man just graduating from the University, with no work experience can come home with a Jeep worth #20 million and people will be celebrating him. Most Nigerians have negative mentalities to work ethnics and wealth creation There is no shortcut to real and sustainable wealth. 1 Like |
Politics / Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by oyatz(m): 6:26am On Mar 29 |
Birdbyrde440: What do these multi-millionaires with digital dollars produce? Where are their factories and what are their annual turn-over? How many people do they employ? What is their tax profiles? Wealth with work like this are frequent seen in corrupt and underdeveloped countries. In Europe, you work very hard for every penny you see. 2 Likes |
Culture / Re: Benin Was A Yoruba speaking Empire. by oyatz(m): 11:50pm On Mar 28 |
lawani: Actually, most Empires are multi-ethnic and for strategic reasons, they often use more than one Languages, including Bini Empire. The Bini Palace used both Yoruba and Bini languages at certain times in their history. In England, the Palace and the ruling Aristocratic class spoke French in the 12th century but the commoners spoke English language. This is while many English words that have to do with administration and the elites are of French origin e.g Government, Hospital, Mutton (French)= Lamb (English)? Pork( French) = Pigs (English) |
Politics / Re: Abure Re-elected As LP National Chairman, 5 Arrested By Police At Convention by oyatz(m): 11:09pm On Mar 27 |
When Peter Obi and the Obidents Movement decamped from the PDP to the Labour party, the part became a stronger political party and Julius Abure, who is just a regular corrupt Nigerian politician, utilized the opportunity to make a hell of money. Pa Lamidi Apapa and the older members of the Labour party, felt they ought to partake in this sudden turn of fortune in the party they have laboured for since inception but Abure schemed them out. The Obidients (made up of largely naive youths) , many of whom are actually non-card carrying members of the Labour party thought that they and Abure are on the same page. Now the Obidents want to occupy party positions and put their candidate as chairman. Abure knew the game and outsmarted them by making 'necessary contacts and taking pro-active steps' . The drama is just about to start and may lead to the exit of Peter Obi and the Obidients from the Labour Party. 2 Likes 2 Shares |
Politics / Re: Abure Re-elected As LP National Chairman, 5 Arrested By Police At Convention by oyatz(m): 10:55pm On Mar 27 |
Antoeni: You don't understand Nigerian Politicians. |
Politics / Re: Breaking News Simon Ekpa Datained By Interpol In Greece by oyatz(m): 5:24pm On Mar 27 |
SoNature: Conduct your referendum on your own. IPOB has conducted one referendum online three weeks ago. 1 Like |
Crime / Re: Nigerian Emdee Tiamiyu Arrested By The UK Government For Defrauding The UK by oyatz(m): 4:57pm On Mar 23 |
Bigseven: You are just exhibiting ignorance of how the UK system work. The UK Gov't systems work based on research using data, which are thoroughly debated by many stakeholders. The reason why you think that interviewing a new and struggling immigrant like Tiamiyu can influence the decisions of UK Gov't is because you are used to incompetency. |
Politics / Re: Food Prices In Governor Sanwo-Olu's Subsidised Market Higher Than Actual Market' by oyatz(m): 4:49pm On Mar 23 |
Blitzking: This is good for us all. Without this Gov't program, the people that go to buy foods at these LASG subsidised food markets would have been competing with you in the regular markets ,which would have led to higher prices in the regular markets. |
Politics / Re: For Nigeria To Really Develop And Grow We Need To Embrace Science by oyatz(m): 4:46pm On Mar 23 |
OneCandleAway: Genetucally, Blackman is not really different from other races. The perceived differences are man-made problems that can also be solved by man-made solutions. First, Africans must discard the use of Foreign languages as means of dissemination of knowledge especially Scientific knowledge in Schools and adopt indigenous languages. Secondly Science Textbooks should be developed and writing by experts using examples of things commonly seen in the local environment. At the start of a lecture on 'Carbon and it's compounds' in our Chemistry Class in SS-1, our Teacher asked all the students to stand-up and said 'if you have seen Carbon before, sit down ' Only two of us could sit down, the whole class stood for a while because none of them had seen Carbon before. Then the teacher lashed them for being ignorant, saying that they see Carbon regularly but didn't know it is Carbon and gave them examples e.g coal, Carbon soots at the top of their lanterns , graphite rods inside their torch batteries etc. 2 Likes 1 Share |
Politics / Re: 2027: El-Rufai Sparks Defection Rumours With Visit To SDP Secretariat by oyatz(m): 7:11pm On Mar 21 |
Zulu11zulu: El-rufaii/Peter Obi for 2027 |
Politics / Re: Reason Why South West Will Always Lead In Education In Nigeria by oyatz(m): 6:42pm On Mar 21 |
[quote author=Thormentor post=129027738] you don't do stats or insights with raw data but percentage efficiency is measured in percentage you people are not bright at all if SE has same population that SW that went to writes they'd still have higher number of passes even when you use raw data that's point one uses of percentage in statistics no wonder you're being trashed out by tatistics. Statistics is wide. Data can be represented in many forms depending on the purposes and target audience. In any case this representation merely stated the raw population of those who passes WAEC in each region. It didn't state the population that sat for the exam, so how did you arrive at percentages? |
Politics / Re: Alaoji: Another Power Plant (1074MW) Getting Ready To Be Launched In Abia State by oyatz(m): 10:04pm On Mar 20 |
SoNature: The electricity laws has been amended for States to participate in the electricity sector but most people here are blatantly ignorant. |
Politics / Re: Food Prices In Governor Sanwo-Olu's Subsidised Market Higher Than Actual Market' by oyatz(m): 9:29pm On Mar 20 |
Blitzking: Then don't go there next time and go to the 'actual markets' to buy it cheaper |
Politics / Re: Reason Why South West Will Always Lead In Education In Nigeria by oyatz(m): 9:19pm On Mar 20 |
123yes: So people should discard Statistics based on WAEC results and rely on your personal opinion? 3 Likes |
Politics / Re: Reason Why South West Will Always Lead In Education In Nigeria by oyatz(m): 9:17pm On Mar 20 |
Gossiphub: You don't understand basic Statistics. The SW has the highest NUMBERS of students that passs O/Level. Having 350 000 students that passed O/Level is a force in education. It doesn't detract from any other region that produce highest score in JAMB (which is just one person) . 2 Likes |
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