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 Travel / Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 7:43pm On Apr 15, 2011 |
Eko Atlantic Climate Change Summit-Saddler  [B]Sales Office in Victoria Island[/B]   [quote][/QUOTE]Former United States President Bill Clinton discussing Eko Atlantic. L/R Governor of Lagos State Babatunde Fashola, Ronald Chagoury Executive Chairman of Eko Atlantic, Ronald Chagoury Jr Eko Atlantic  |
| Travel / Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 7:35pm On Apr 15, 2011 |
The foundations for the first tower is being constructed as we speak!!! Eko Pearl, being built by Eko Pearl Nig. Ltd in association with *ESLA Int, is a 24 story residential tower located on the harbor front in Lagos' brand new city, "Eko Atlantic." Residents of this brand new luxury tower will be able to enjoy uninterrupted views of the water as they take in the endless breeze from the ocean. In addition to living in the newest prime area of Lagos, residents will enjoy first class infrastructure facilities, including: uninterrupted power, water, and security services. Amenities in Eko Pearl, in addition to what Eko Atlantic city will offer, will also include a swimming pool and tennis courts. The tower sits in a self contained area with safe and secure parking. It is just under 500 meters away from the financial center of Lagos. The location is close enough to not have to endure long drives to work, but far enough to enjoy the splendor of quiet living. FACILITIES Under ground or Ground floor parking for Apartments. Storage space for each apartment. LANDSCAPING SPA, Swimming pool,Plantation, lighting, paving, fence, ,    PILING/FOUNDATION WORK   |
| Politics / Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 8:08am On Apr 15, 2011 |
Figure 2 GDP PPP*(Purchasing Power Parity) and Nigeria's Place in it. . .with highlighted other African countries 1 United States 14,624,184 2 People's Republic of China 10,084,369 3 Japan 4,308,627 4 India 4,001,103 5 Germany 2,932,036 6 Russia 2,218,764 7 Brazil 2,181,677 8 United Kingdom 2,181,069 9 France 2,146,283 10 Italy 1,771,140 11 Mexico 1,549,671 12 South Korea 1,457,063 13 Spain 1,364,499 14 Canada 1,330,106 15 Turkey 1,038,000 16 Indonesia 1,027,437 17 Australia 882,344 18 Iran 830,715 19 Republic of China (Taiwan) 810,487 20 Poland 717,537 21 Netherlands 676,700 22 Argentina 632,223 23 Saudi Arabia 619,826 24 Thailand 584,768 [B]25 South Africa 524,341 26 Egypt 498,176[/B] 27 Pakistan 464,711 28 Colombia 429,866 29 Malaysia 412,302 30 Belgium 392,862 [B]31 Nigeria 374,323[/B] 32 Sweden 352,327 33 Philippines 350,279 34 Venezuela 346,973 35 Austria 330,496 36 Switzerland 325,305 37 Greece 322,555 — Hong Kong 322,486 38 Ukraine 302,679 39 Singapore 291,712 40 Vietnam 275,639 41 Peru 274,276 42 Czech Republic 260,566 43 Chile 257,546 44 Bangladesh 257,545 45 Norway 255,505 [B]46 Algeria 252,189[/B] 47 Romania 252,173 48 Portugal 245,860 49 Israel 218,490 50 Denmark 203,159 51 Kazakhstan 193,261 52 Hungary 188,403 53 United Arab Emirates 186,908 54 Finland 185,019 55 Ireland 173,614 [B]56 Morocco 152,619[/B] 57 Qatar 149,995 58 Kuwait 138,099 59 Belarus 130,780 60 Slovak Republic 120,758 61 New Zealand 119,791 62 Iraq 115,330 [B]63 Angola 114,343[/B] 64 Ecuador 113,825 65 Syrian Arab Republic 105,324 66 Sri Lanka 104,124 [B]67 Tunisia 100,048 68 Sudan 98,969 69 Libya 96,099[/B] 70 Bulgaria 90,763 71 Azerbaijan 90,074 [B]72 Ethiopia 86,017[/B] 73 Dominican Republic 85,391 74 Uzbekistan 85,363 75 Serbia 79,940 76 Oman 78,100 77 Croatia 77,992 78 Burma 76,240 79 Guatemala 69,958 [B]80 Kenya 65,132[/B] 81 Yemen 63,329 [B]82 Tanzania 61,906[/B] 83 Lebanon 59,906 84 Lithuania 56,422 85 Slovenia 56,314 86 Costa Rica 51,130 87 Uruguay 48,140 88 Bolivia 47,796 [B]89 Cameroon 44,220[/B] 90 Panama 43,725 91 El Salvador 43,640 [B]92 Uganda 42,319[/B] 93 Luxembourg 40,336 [B]94 Ghana 38,143[/B] [B]95 Côte d'Ivoire 37,153[/B] 96 Turkmenistan 35,883 97 Nepal 35,231 98 Jordan 34,617 99 Honduras 33,537 100 Latvia 32,292 101 Paraguay 31,469 102 Bosnia and Herzegovina 30,208 103 Cambodia 29,811 104 Bahrain 29,663 105 Afghanistan 29,616 [B]106 Botswana 28,418[/B] 107 Trinidad and Tobago 26,400 108 Estonia 24,363 [B]109 Equatorial Guinea 24,139[/B] 110 Jamaica 23,945 111 Senegal 23,818 112 Albania 23,632 113 Cyprus 23,017 [B]114 Democratic Republic of the Congo 22,718 115 Gabon 22,246[/B] 116 Georgia 22,194 [B]117 Mozambique 21,200[/B] 118 Brunei 19,925 [B]119 Zambia 19,828 120 Burkina Faso 19,717 121 Madagascar 19,398[/B] 122 Macedonia 19,330 [B]123 Republic of the Congo 17,342[/B] 124 Nicaragua 17,269 125 Armenia 17,086 [B]126 Mauritius 17,056 127 Chad 16,902 128 Mali 16,872[/B] 129 Laos 15,689 130 Papua New Guinea 14,930 [B]131 Namibia 14,581[/B] 132 Tajikistan 14,529 [B]133 Benin 14,017 134 Malawi 12,913 135 Rwanda 12,025[/B] 136 Iceland 11,837 137 Kyrgyzstan 11,772 138 Haiti 11,056 [B]139 Guinea 10,918 140 Niger 10,548[/B] 141 Moldova 10,546 142 Mongolia 10,252 143 Malta 10,107 144 The Bahamas 8,918 [B]145 Mauritania 6,676[/B] 146 Montenegro 6,531 147 Barbados 6,175 [B]148 Swaziland 6,062 149 Togo 5,901[/B] 150 Guyana 5,323 151 Suriname 4,728 [B]152 Sierra Leone 4,698 153 Zimbabwe 4,644[/B] 154 Kosovo 4,401 155 Fiji 3,961 156 Bhutan 3,785 [B]157 Eritrea 3,601 158 Central African Republic 3,444 159 Burundi 3,396 160 The Gambia 3,384 161 Lesotho 3,218[/B] 162 East Timor 3,062 163 Belize 2,651 [B]164 Seychelles 2,129 165 Djibouti 2,104 166 Cape Verde 1,864 167 Guinea-Bissau 1,793[/B] 168 Saint Lucia 1,779 169 Maldives 1,755 [B]170 Liberia 1,709[/B] 171 Solomon Islands 1,578 172 Antigua and Barbuda 1,424 173 Vanuatu 1,188 174 Grenada 1,121 175 Saint Vincent and the Grenadines 1,100 176 Samoa 1,043 [B]177 Comoros 800[/B] 178 Dominica 761 179 Tonga 738 180 Saint Kitts and Nevis 715 181 Kiribati 615 [B]182 São Tomé and Príncipe 311[/B][quote][/QUOTE] |
| Politics / Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 8:05am On Apr 15, 2011 |
Figure 1. . . .World Nominal GDP and Nigerias place in it. . . GDP nominal 1 United States 14,657,800 2 People's Republic of China 5,878,257 3 Japan 5,458,872 4 Germany 3,315,643 5 France 2,582,527 6 United Kingdom 2,247,455 7 Brazil 2,090,314 8 Italy 2,055,114 9 Canada 1,574,051 10 India 1,537,966 11 Russia 1,465,079 12 Spain 1,409,946 13 Australia 1,235,539 14 Mexico 1,039,121 15 South Korea 1,007,084 16 Netherlands 783,293 17 Turkey 741,853 18 Indonesia 706,735 19 Switzerland 523,772 20 Poland 468,539 21 Belgium 465,676 22 Sweden 455,848 23 Saudi Arabia 443,691 24 Republic of China (Taiwan) 430,580 25 Norway 414,462 26 Austria 376,841 27 Argentina 370,269 [B]28 South Africa 357,259[/B] 29 Iran 357,221 30 Thailand 318,850 31 Denmark 310,760 32 Greece 305,415 33 United Arab Emirates 301,880 34 Venezuela 290,678 35 Colombia 285,511 36 Finland 239,232 37 Malaysia 237,959 38 Portugal 229,336 — Hong Kong 225,003 39 Singapore 222,699 [B]40 Egypt 218,466 41 Nigeria 216,803[/B] 42 Israel 213,147 43 Ireland 204,261 44 Chile 203,323 45 Czech Republic 192,152 46 Philippines 188,719 47 Pakistan 174,866 48 Romania 161,629 [B]49 Algeria 160,270[/B] 50 Peru 152,830 51 New Zealand 140,434 52 Kazakhstan 138,429 53 Ukraine 136,416 54 Kuwait 131,315 55 Qatar 129,485 56 Hungary 128,960 57 Bangladesh 104,919 58 Vietnam 103,574 [B]59 Morocco 103,482[/B] 60 Slovakia 86,262 [B]61 Angola 85,808[/B] 62 Iraq 84,136 [B]63 Libya 77,912 64 Sudan 65,930[/B] 65 Ecuador 61,489 66 Croatia 59,917 67 Syria 59,633 68 Oman 53,782 69 Belarus 52,887 70 Luxembourg 52,433 71 Azerbaijan 52,166 72 Dominican Republic 50,874 73 Sri Lanka 48,241 74 Slovenia 46,442 75 Bulgaria 44,843 [B]76 Tunisia 43,863[/B] 77 Guatemala 40,773 78 Uruguay 40,714 79 Lebanon 39,149 80 Serbia 38,921 81 Uzbekistan 37,724 82 Lithuania 35,734 83 Burma 35,646 84 Costa Rica 35,019 [B]85 Kenya 32,417 86 Ethiopia 30,941[/B] 87 Yemen 30,023 88 Panama 27,199 89 Jordan 27,129 90 Latvia 23,385 91 Cyprus 22,752 [B]92 Tanzania 22,434 93 Côte d'Ivoire 22,384 94 Cameroon 21,882[/B] 95 El Salvador 21,796 96 Bahrain 21,733 97 Trinidad and Tobago 21,195 98 Estonia 19,220 99 Bolivia 19,182 [B]100 Ghana 18,058[/B] 101 Paraguay 17,168 [B]102 Uganda 17,121[/B] 103 Afghanistan 16,631 104 Bosnia and Herzegovina 16,202 [B]105 Zambia 15,691[/B] 106 Honduras 15,340 107 Nepal 15,108 [B]108 Equatorial Guinea 14,547[/B] 109 Jamaica 13,737 110 Iceland 12,767 [B]111 Senegal 12,657 112 Democratic Republic of the Congo 12,600 113 Gabon 12,563[/B] [B]114 Botswana 12,501[/B] 115 Brunei 11,963 [B]116 Republic of the Congo 11,884[/B] 117 Albania 11,578 [B]118 Namibia 11,451[/B] 119 Cambodia 11,360 120 Georgia 11,234 [B]121 Mozambique 10,212[/B] 122 Macedonia 9,580 [B]123 Mauritius 9,427 124 Mali 9,077[/B] 125 Armenia 8,830 126 Papua New Guinea 8,809 [B]127 Burkina Faso 8,672[/B] [B]128 Madagascar 8,330[/B] 129 Malta 7,801 [B]130 Chad 7,592[/B] 131 The Bahamas 7,538 132 Haiti 6,495 [B]133 Benin 6,494[/B] 134 Nicaragua 6,375 135 Laos 6,341 136 Mongolia 5,807 137 Kosovo 5,728 [B]138 Rwanda 5,693 139 Niger 5,603[/B] 140 Tajikistan 5,578 [B]141 Zimbabwe 5,574[/B] 142 Moldova 5,357 [B]143 Malawi 5,035[/B] 144 Kyrgyzstan 4,444 [B]145 Guinea 4,344[/B] 146 Barbados 3,963 147 Montenegro 3,884 148 Mauritania 3,486 149 Suriname 3,297 [B]150 Swaziland 3,165[/B] 151 Fiji 3,154 [B]152 Togo 3,074 153 Eritrea 2,254[/B] 154 Guyana 2,197 [B]155 Central African Republic 2,113[/B] [B]156 Sierra Leone 1,901 157 Lesotho 1,799[/B] [B]158 Cape Verde 1,573 159 Burundi 1,469[/B] 160 Maldives 1,433 161 Belize 1,431 162 Bhutan 1,397 [B]163 Djibouti 1,139[/B] 164 Antigua and Barbuda 1,099 165 The Gambia 1,040 166 Saint Lucia 1,000 [B]167 Liberia 977 168 Seychelles 919 169 Guinea-Bissau 825[/B] 170 Vanuatu 721 171 Solomon Islands 674 172 Grenada 645 173 East Timor 616 174 Saint Vincent and the Grenadines 583 175 Saint Kitts and Nevis 562 [B]176 Comoros 557[/B] 177 Samoa 550 178 Dominica 375 179 Tonga 301 180 São Tomé and Príncipe 187 181 Kiribati 152[quote][/QUOTE] |
| Politics / Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 7:58am On Apr 15, 2011 |
babaearly: Its you that needs to think first. . or better yet use the google (sorry McCain) Balance of trade or Balance of payments simply means exports versus Imports or the value of Exports minus Imports The USA runs Trade deficits running into billions of dollars yearly While Nigeria runs a Trade surplus or imports less than we make from our Exports Thats all. . .  |
| Politics / Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 7:54am On Apr 15, 2011 |
Omo_Tier1: [b]What is important in Finance is the trajectory of the reserves. . in other-words if u put a chart up its rising steadily from left to right The steady rise has to do with high oil prices due to the war in Libya which started in january 2011. . so theres nothing political about the timing also if u cared to know the accountant general always released the figures for the ECA at the end of every FAAC meeting. . u should have looked for the numbers yourself I am aware of internal or local debt at $32Billion which is actually a very good thing and needs to rise. . because those are Naira denominated bonds creation of a Local Sovereign Bond market and yield curve for Nigeria means we are joining the developed countries in deepening our financial system sorry but the business community is solidly behind GEJ. . .and there are no other stable west African countries Nigeria is the big dawg. . .$35 Billion in External reserves and $7 Billion in ECA is larger than Ghanas economy(2nd largest in WA) at $18 Billion dollars While our $216 Billion dollars Nominal GDP Economy is number 41 in the whole world and 31 if u use PPP Finally GEJ will set up a SWF to replace the ECA. . .This alone should earn him your vote if u were not so partisan If this was set up during buharis days in 1983( something he cold have done by fiat. . instead he concentrated on OIC membership), we would not be where we are today. . . Nigeria, Iraq and Ecuador are the only OPEC members without a SWF. . Jonathan looks set to change that. . .he is the man lol. . .[/b] |
| Politics / Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 7:54pm On Apr 14, 2011 |
Gbenge 77: Ignorance is bliss. . .for u i guess. . . |
| Politics / Re: Who Becomes Speaker Now by paddylo1(m): 7:46pm On Apr 14, 2011 |
enyojo: Saraki cannot be senate president because he is from the North The PDP Zoning situation as it stands now is abnormal going Forward its going to be PRESIDENT. . GEJ. . .SS VICE. .Namadi sambo. . .NW SENATE PRESIDENT. . .SE. . Probably Uche chukwumerije SPEAKER HOUSE OF REPS. . .NE/NC DEPUTY SENATE PRESIDENT. . .SW DEPUTY SPEAKER. . .NC/NE |
| Politics / Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 7:37pm On Apr 14, 2011 |
Nigeria's Foreign reserves managed by the CBN contains $34.5 Billion dollars as of this week pls check CBN website its public information. . .www.cenbank.org Nigeria's Excess crude account(separate from the external reserves) right now contains $6.9 Billion dollars Pls see Article from this week business-day and reported in other major newspapers [size=14pt]Nigeria: Excess Crude Account Rebounds, Hits $6.9 Billion[/size] ppl need to make informed statements when they speak. . and stop being so ignorant. . . |
| Politics / Re: How GEJ Will Win On Saturday Foretold by paddylo1(m): 7:24pm On Apr 14, 2011 |
efisher: sounds good to me. . . |
| Politics / Re: Buhari Calls For 'TOTAL' Sharia In Nigeria by paddylo1(m): 7:20pm On Apr 14, 2011 |
Buhari is an extremist that has no place in 2011 Nigeria He should pls move to Pakistan, Afghanistan, or Somalia. . where such idiocy is accommodated and u effging supporters of CPC pls move there with him In an era where other nations are busy trying to conquer space and invest in science, technology and IT This clown is calling for stonning of ppl and cutting off of limbs what a joker How is it that this clown is even rearing his ugly head in my country as a possible contender for president and how come supposedly enlightened ppl from the south are supporting this buffon? well my only consolation is that the Igbos and Middle belters as usual will be the ones saving Nigeria from this tyrant |
| Politics / Re: How GEJ Will Win On Saturday Foretold by paddylo1(m): 12:06pm On Apr 14, 2011 |
^^  |
| Politics / Re: How GEJ Will Win On Saturday Foretold by paddylo1(m): 7:07am On Apr 14, 2011 |
sbeezy8: Are u saying that CPC and ACN supporters on this site are not sensible?. . . pls expatiate. . lol |
| Politics / Re: How GEJ Will Win On Saturday Foretold by paddylo1(m): 6:50pm On Apr 13, 2011 |
^^ The plot thickens u CPC numskulls. . do u see ONDO state in my list at number 13 sucker?. . look very clearly. . and picture what am trying to tell u. . am actually beginning to feel sorry for Buhari. . not. . ha ha ha ha ha |
| Politics / Re: How GEJ Will Win On Saturday Foretold by paddylo1(m): 6:48pm On Apr 13, 2011 |
[size=14pt]Nigeria’s Labor Party Backs Jonathan in Presidential Vote (1)[/size] Share Business ExchangeTwitterFacebook| Email | Print | A A A By Elisha Bala-Gbogbo [size=14pt]April 13 (Bloomberg) -- Nigeria’s opposition Labor Party said it will support President Goodluck Jonathan, the candidate of the ruling People’s Democratic Party, in the April 16 presidential vote. Jonathan “is the most qualified candidate,” Dan Nwanyanwu, national chairman of the Labor Party, told reporters today in the capital, Abuja. The party, which won 11 seats in last week’s parliamentary election, will not field a candidate for the presidential vote, he said.[/size] Eighteen candidates will challenge Jonathan in this week’s poll, including Muhammadu Buhari, a northern Muslim and former military ruler who is representing the Congress for Progressive Change. Nuhu Ribadu, the former head of the country’s anti- corruption agency, is standing as a candidate for the Action Congress of Nigeria. The All Progressive Grand Alliance Party, Nigeria’s third- biggest opposition group, will also back Jonathan in the vote, Chairman Victor Umeh, said on Feb. 11. Nigeria is Africa’s most populous nation and the continent’s biggest oil producer. To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at ebalagbogbo@bloomberg.net To contact the editor responsible for this story: Dulue Mbachu at dmbachu@bloomberg.net http://noir.bloomberg.com/apps/news?pid=20601116&sid=abxBM3JA4Kfg |
| Politics / Re: How GEJ Will Win On Saturday Foretold by paddylo1(m): 6:38pm On Apr 13, 2011 |
Lagosboy: concocts u claim. . .?. .well lets see on monday. . dont say i didnt tell u. .cause this revolution plus landslide GEJ victory. . will surely be televised. . .ha |
| Politics / Re: How GEJ Will Win On Saturday Foretold by paddylo1(m): 9:39am On Apr 13, 2011 |
aletheia: Thanks. . a lot of ppl just rant online without knowing Nigeria well. . The population of Southern Kaduna. . .together with christians and southerners in central kaduna are a majority in Kaduna. . .thats why Patrick Yakowa will win the Governorship. . .and GEJ will split the votes or come in slightly ahead. . . again watch as i school these clowns with my forecast come monday morning. . . |
| Politics / Re: How GEJ Will Win On Saturday Foretold by paddylo1(m): 11:58pm On Apr 12, 2011 |
^^ @Beaf Take Sokoto and Borno out of too close to call and CPC Borno will go PDP. . . and Sokoto the seat of the caliphate with endorsements from former president shehu shagari, Sultan of sokoto and the whole state machinery will be going PDP. . . again i am waiting for the obligatory uninformed insults ready to be flung by the not too smart CPC / ACN crowd every scientific poll points to a PDP landslide. . yet they persist in wishful thinking like i said i will laugh out loud. . .perhaps while rolling on the floor (sorry kobojunkie). . .come next monday morning |
| Politics / How GEJ Will Win On Saturday Foretold by paddylo1(m): 11:44pm On Apr 12, 2011 |
OK. . Dont say i am a Prophet or Whatever I just am good at finding useful data and extrapolating and making informed thoughts on expected outcomes SO HERE ARE STATES THAT JONATHAN WILL WIN OUTRIGHT ON SAT APRIL 16THs PRESIDENTIAL ELECTION PDP WINS 1. LAGOS 2. ANAMBRA 3. ABIA 4. ENUGU 5. IMO 6. EBONYI 7. AKWA IBOM 8. BAYELSA 9. EDO 10. RIVERS 11. CROSS RIVERS 12. DELTA 13. ONDO 14. KWARA 15. TARABA 16. ADAMAWA 17. BORNO 18. KOGI 19. BENUE 20. OYO 21. PLATEAU 22. SOKOTO 23. JIGAWA STATES THAT PDP WILL WIN 50% OF VOTES 24. KADUNA 25. NASSARAWA STATES THAT PDP WILL WIN CONSTITUTIONALLY MANDATED MINIMUM 25% 26. OGUN 27. OSUN 28. EKITI 29. BAUCHI 30. GOMBE That would mean a victory for GEJ in the 63% - 66% range. . . Pls save your insults (CPC and ACN supporters). . . until the morning of monday the 18th. . .lets compare notes then see if i am not 99% right. . . cheers loosers. . .ha ha ha ha |
| Politics / Re: Nass Poll: Acn Presidential Candidate Ribadu Beaten In Adamawa by paddylo1(m): 7:45pm On Apr 12, 2011 |
Coolabbie: u are so ignorant. . .use the google godammit. . lol. . . why are Nigerians such babies. . .PDP didnt win FCT cause u said so. . what a dolt u are |
| Politics / Re: Nass Poll: Acn Presidential Candidate Ribadu Beaten In Adamawa by paddylo1(m): 6:43pm On Apr 12, 2011 |
~Bluetooth: Who won the FCT PDP or CPC?. . .Yea PDP did. . so what exactly are u rambling on about? If there are tribal voters in the villa so be it. . however GEJ won the FCT. . U cant say that about your ACN/ Ribadu in Adamawa now can u? |
| Politics / Re: Nass Poll: Acn Presidential Candidate Ribadu Beaten In Adamawa by paddylo1(m): 6:19pm On Apr 12, 2011 |
~Bluetooth: We are talking presidential candidates here. . .and GEJ won his ward and state which is bayelsa. . so nice try. .it doesnt fly sorry |
| Politics / Re: Will Fashola Join PDP Or Will He Overthrow Tinubu In ACN? by paddylo1(m): 6:13pm On Apr 12, 2011 |
ROBERT BESSELING of Al-Jazeera just made it known on the international news channel that GEJ is unable to account for 22billion dollars of money from the excess crude accouint. .what a shame . .nigeria's failures being analyzed by foreigners. . [b]Thats the craziest lie i heard in ages. . lol. . .so if Al jazeera the corrupt biased Arab channel tells u anything u believe?. . The money went to the 36 states. . including the ACN states u so praise. . EXTERNAL RESERVES I will be brief. . .The CBN manages the External reserves. . and it has told u that there is elevated demand for dollars due to the political risk inherent in these elections. . .The CBN offers dollars for sale on the WDAS twice weekly. . last week it offered $1 Billion( thats $600million and $400million) The CBN has to try and meet this elevated demand so as to maintain the level of the naira and not depreciate it depreciating the naira will lead to imported inflation and more poverty for our people The CBN has also introduced Foreign exchange forwards and derivatives last month to try and smooth out demand for dollars. . right now it offers 1 month,2 months and 3months forward contracts. . Sanusi has said that at the rate the reserves are building it should be significantly higher than it is now by yr end. . .right now External reserves are at $34.7 Billion dollars and rising EXCESS CRUDE ACCOUNT The ECA was set up to save excess oil earnings. . .however in times of economic crises like during the world financial meltdown it is expected to be used as a counter cyclical measure to prevent the country going into recession and augment government finances Thats exactly what happened and why the money was spent. . .However the Government is trying to set up a SWF to replace the ECA. . .The bill has just been sent to the National assembly and if passed this year it will help make our excess oil earnings better and professionally managed note that Nigeria and Iraq are the only OPEC nations without a Sovereign wealth fund. . .Pls go and ask Buhari why he didnt set one up for the country back in 1983 when he ruled?. . . .it is now left for Jonathan 30yrs late to set up. . . Finally The Excess crude account has grown to $7Billion dollars(as at yesterday) from about $2 Billion in January 2011. . .pls give jonathan credit for that The man is lucky and good for Nigeria. . immediately he comes in oil prices rise. . lol pls see link below from todays businessday. . . http://www.thisdaylive.com/articles/excess-crude-account-rebounds-hits-6-9bn/89484/ OIL REVENUES AND OIL EARNINGS As for your misguided mathematics about our oil earnings. . what u did above by multiplying 2million barrels by the price of oil is plain wrong If u do that u get our oil revenues or sales. . but every financial guru( i guess u are not one). . knows that sales is not equal to earnings. . . what i am trying to say is that oil companies make the sales and pay taxes, royalties plus NNPCs share of the PSC/ Joint ventures For instance the deep offshore where most of our oil production is taking place we only get 35% of the total sales plus taxes. . because we gave the companies generous concessions so as to develop those fields as for the difference between the budgeted $65 dollar/ barrel and the current $120 dollar per barrel?. . .well that goes to the ECA for now. . and it has ballooned to $7Billion dollars in just 3months. . .showing that Jonathan is doing the right thing for Nigeria. . . and Nigeria has much to show for its oil wealth. . of which ii earns the least in Africa by the way. . .when u do a per capita oil production. . .Libya is 6million ppl. . producing 1.5million barrels. . Angola is 25Million people. . producing 1.7Million Barrels. . while Nigeria is 150Million strong. . producing a little over 2million barrels. . .so Per capita wise. . .we dont produce much and oil cannot go too far for all these ppl. . even in libya with only 6million there is chronic unemployment Thats why the FGN under GEJ has proposed a gas revolution that will lead to over 1million jobs. . .and diversify/power our economy cheers [/b] |
| Politics / Re: Nass Poll: Acn Presidential Candidate Ribadu Beaten In Adamawa by paddylo1(m): 5:38pm On Apr 12, 2011 |
^^ Someone should pls go tell the ACN clown Ribadu. . that charity begins at home |
| Politics / Nass Poll: Acn Presidential Candidate Ribadu Beaten In Adamawa by paddylo1(m): 5:36pm On Apr 12, 2011 |
[size=14pt]NASS Poll: ACN Presidential Candidate Ribadu Beaten In Adamawa[/size] Font size: THEWILL. 11/04/2011 22:15:00 PRESIDENTIAL CANDIDATE OF THE ACTION CONGRESS OF NIGERIA (ACN), MALLAM NUHU RIBADU. [size=14pt]YOLA, April 11, (THEWILL) – The Presidential flag bearer of the Action Congress of Nigeria (ACN), Mallam Nuhu Ribadu suffered an embarrassing defeat in his homestate Adamawa in last Saturday’s National Assembly election. According to the final results announced by the Independent National Electoral Commission on Monday, Ribadu lost his Senatorial district and two other Senatorial dirstricts to the Peoples Democratic Party (PDP). The ACN managed to secure only two Federal Constituency seats out of eight seats in play allowing the PDP take five and the Congress for Progressive Change (CPC) winning one seat.[/size] In Adamawa-Central, a former Director General of the National Boundary Commission, Dahiru Bobbo of the Labour Party was trounced by PDP’s Bello Tukur. Tukur, a former Deputy Governor, who is currently the Chief of Staff to Governor Murtala Nyako, polled 95, 806 votes to beat Bobbo, who scored 78, 424 votes. Fatima Abubakar, a former ambassador and retired permanent secretary and candidate of the ACN, came third with 63, 271 votes. In Adamawa North Senatorial Dictrict, Bindo Jibrilla (PDP) defeated a former governor of the state, Mr. Boni Haruna (ACN) with more than 5, 000 votes. Jibrilla polled 75, 112 votes, while Haruna of the ACN scored 70, 890 votes. The candidate of the Congress for Progressive Change (CPC), Abba Mohammed, scored 22, 866 votes in the contest to replace incumbent Senator Mohammed Mana. In the Adamawa South senatorial race, Ahmed Barrata (PDP) emerged winner defeating his rivals. The ACN however won in Michika/Madagali where its candidate Ganama Titsi defeated PDP's Binta Masi-Garba with 36, 033 votes. Masi-Garba had served three terms at the House of Assembly. He polled 24, 520 votes. The ACN also won in Gombi/Hong, where its candidate, Haske Hananiya defeated the incumbent Emmanuel Bello (PDP). Hananiya polled 34, 529 while Bello polled 18, 070 votes. The CPC won in Mubi-North/Mubi-South. [size=14pt]Meanwhile, the state Governor, Murtala Nyako has assured President Goodluck Jonathan of more than 80 per cent of Adamawa votes in Saturday's presidential election. The governor made the pledge in Yola in a chat with journalists over the outcome of the NASS election. "Even against our own son, Atiku Abubakar, we voted for Jonathan. We have no reason to reject him on Saturday. We appeal to the people of Adamawa State to vote massively for him. We assure 75 per cent of the votes or even up to 95 per cent," the governor added. Nyarko expressed joy that the PDP did well by retaining the three senatorial seats and at least five House of Reps seats.[/size] "For us in Adamawa, this is a good performance. It is a good result. This is how an election should be and I am very happy for the free and fair election. Nobody prevented anybody from casting votes; moreso, each vote counted. "The turnout was impressive," Nyarko added. http://thewillnigeria.com/politics/8195-NASS-Poll-ACN-Presidential-Candidate-Ribadu-Beaten-Adamawa.html |
| Politics / Re: National Assembly Elections, Saturday 9th April, 2011 by paddylo1(m): 4:58pm On Apr 12, 2011 |
^^ [b]EXTERNAL RESERVES I will be brief. . .The CBN manages the External reserves. . and it has told u that there is elevated demand for dollars due to the political risk inherent in these elections. . .The CBN offers dollars for sale on the WDAS twice weekly. . last week it offered $1 Billion( thats $600million and $400million) The CBN has to try and meet this elevated demand so as to maintain the level of the naira and not depreciate it depreciating the naira will lead to imported inflation and more poverty for our people The CBN has also introduced Foreign exchange forwards and derivatives last month to try and smooth out demand for dollars. . right now it offers 1 month,2 months and 3months forward contracts. . Sanusi has said that at the rate the reserves are building it should be significantly higher than it is now by yr end. . . EXCESS CRUDE ACCOUNT The ECA was set up to save excess oil earnings. . .however in times of economic crises like during the world financial meltdown it is expected to be used as a counter cyclical measure to prevent the country going into recession and augment government finances Thats exactly what happened and why the money was spent. . .However the Government is trying to set up a SWF to replace the ECA. . .The bill has just been sent to the National assembly and if passed this year it will help make our excess oil earnings better and professionally managed note that Nigeria and Iraq are the only OPEC nations without a Sovereign wealth fund. . .Pls go and ask Buhari why he didnt set one up for the country back in 1983 when he ruled?. . . .it is now left for Jonathan 30yrs late to set up. . . Finally The Excess crude account has grown to $7Billion dollars(as at yesterday) from about $2 Billion in January 2011. . .pls give jonathan credit for that The man is lucky and good for Nigeria. . immediately he comes in oil prices rise. . lol pls see link below from todays businessday. . . http://www.thisdaylive.com/articles/excess-crude-account-rebounds-hits-6-9bn/89484/ DIFFERENCE BTW OIL REVENUES AND OIL EARNINGS As for your misguided mathematics about our oil earnings. . what u did above by multiplying 2million barrels by the price of oil is plain wrong If u do that u get our oil revenues or sales. . but every financial guru( i guess u are not one). . knows that sales is not equal to earnings. . . what i am trying to say is that oil companies make the sales and pay taxes, royalties plus NNPCs share of the PSC/ Joint ventures For instance the deep offshore where most of our oil production is taking place we only get 35% of the total sales plus taxes. . because we gave the companies generous concessions so as to develop those fields as for the difference between the budgeted $65 dollar/ barrel and the current $120 dollar per barrel?. . .well that goes to the ECA for now. . and it has ballooned to $7Billion dollars in just 3months. . .showing that Jonathan is doing the right thing for Nigeria. . . cheers [/b] |
| Politics / Re: National Assembly Elections, Saturday 9th April, 2011 by paddylo1(m): 4:47pm On Apr 12, 2011 |
@Recoome and Paddy_lo I will reply u in due course. . my earlier post was deleted |
| Politics / Re: National Assembly Elections, Saturday 9th April, 2011 by paddylo1(m): 3:01am On Apr 11, 2011 |
honeric01: Stop displaying your ignorance here. . The Foreign reserves of Nigeria is currently at $34.9 Billion Dollars, .SUITABLE TO FINANCE MORE THAN 12 MONTHS OF IMPORTS. . . A simple look at the CBN website could have told u that. . here. . .CBN Website. . .www.cenbank.org i know u are a typical Buhari supporter but u dont have to be ignorant like the rest of them. . . |
| Politics / Re: Official Thread Of The Bon Nedg Presidential Debate by paddylo1(m): 11:11pm On Mar 30, 2011 |
[size=14pt]GEJ has acquitted himself favorably tonight The Nigerian Presidency needs someone like him in the saddle the next 4yrs. . . Lets leave the baggage of the 1980s behind. . .or sharia compliant Former Kano state Governor. . .and the former abacha police henchman. . . GEJ carry go, . .u are getting 60% of the popular vote. . . go on and shame your clueless critics. . cheers [/size] |
| Politics / Re: Official Thread Of The Bon Nedg Presidential Debate by paddylo1(m): 8:51pm On Mar 30, 2011 |
GEJ has acquitted himself favorably tonight The Nigerian Presidency needs someone like him in the saddle the next 4yrs. . . Lets leave the baggage of the 1980s behind. . .or sharia compliant Former Kano state Governor. . .and the former abacha police henchman. . . GEJ carry go, . .u are getting 60% of the popular vote. . . go on and shame your clueless critics. . cheers |
| Rap Battles / Re: 2 Lines To Diss The Person Above You by paddylo1(m): 10:11am On Mar 30, 2011 |
^^ Its a new yr and niggas still acting the fool here whos that fake a.s.s. jew here?. . Isreali san?? . .Take your whack a.s.s. back to hip hop school year |
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