₦airaland Forum

tesppidd:
I have always faulted Buhari in 2 areas;
1. Slowness to act.
2. Nepotism.

However You guys are NOT called wailers because you criticize SOME OF THE THINGS Buhari does.You guys are called wailers because you criticize ALL OF THE THINGS Buhari does.Get that right.

tesppidd:
And so also the same Buhari has remained the fundamental problem of the APC from day one.His aloofness and indifference to his party's challenges and elections is sickening. Too bad that Adams has to take the blame for everything when all he tried to do was instill party discipline.

Since this democratic dispensation in 99, no ruling party has lost more states than Buhari's APC at off season elections.And Buhari is the major culprit.APC lost Edo because the party has been factionalized into 2 groups;
1. The Presidency faction.
2. The Tinubu faction.

Yet Buhari has refused to learn from this. The same party faitfulds who worked for him to become Presidnet he abandons them when elections come around.Top APC chieftains can't really say this in public but the root cause of all the problems and the losses in the APC is Buhari himself.

Wiseandtrue:
How can you field someone you called a thief.So you want Edo people to vote for a thief abi

The European Centre for Electoral Support (ECES) says voters in Ologbosere primary school, ward 4 with 40 units and other polling units they visited weren’t observing the COVID-19 protocols as stipulated in the INEC policy.

The Deputy Project Coordinator, Mr Wilson Manji, told the News Agency of Nigeria (NAN) on Saturday, that although the voters were all wearing a face mask, they didn’t maintain social distancing.

According to Manji, the polling officers came with hand sanitisers and thermometers to check the temperature of every voter.

He said: “So far, the election is going smoothly and calm. We’re at Ologbosere primary in Ikpoba-Okha local government area of the state.

“So far, everything is peaceful and calm here. Just that the INEC staff just arrived at about 10 am and accreditation and voting started at about 10.30 am. instead of 8:30 am.”

Also reacting, Timidi Wariowei, the Head, INEC Voter Education and Publicity, told reporters at INEC office in Benin City that most of the polling units and voting points started voting at 8:30 am.

“But we’re aware that there are some few isolated cases that started at 9 am or after 9 am because of some issues they needed to sort out,” He said.

“From the reports, we’re getting. Almost all the polling units have started voting.”

Wariowei, however, said he observed that the voters were all wearing face masks but didn’t maintain social distancing.

According to Wariowei, before I left the polling units I visited, I educated the people on the need to adhere strictly to the COVID-19 guidelines by maintaining social distancing for the safety of all.

The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of about $1billion to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC).

A statement from the state oil corporation on Thursday night said the crude oil prepayment has enabled NNPC to pay NPDC’s Tax obligations to the Federal Government of Nigeria, of circa US$700million with the balance utilised to fund NPDC’s capital and operating expenditures.

The prepayment financing is backed by future oil production of NPDC, and utilises a well-established structure to enable the purchaser of the crude, Eagle Export Funding Limited, to raise financing in the domestic and international markets, to fund an upfront payment to NNPC under a Forward Sale Agreement (FSA), the statement signed by NNPC’s spokesman Dr Kennie Obateru said.

It said the financing which funded the prepayment has been structured over two tranches: a 5 year dollar amortizing tranche (“Tranche 1”) and a 7 year naira amortizing tranche (“Tranche 2”).Both tranches benefit from a cash sweep with the 7-year tranche having a 1-year non-call period, according to NNPC.

It said: “These tranches shall be repaid by Eagle Export Funding Limited from the export sale proceeds of the NPDC crude, which in turn are backed by Letters of Credit, issued by banks with a minimum credit rating, in line with market precedent.

“The export price for the crude is the relevant NNPC Official Selling Price (OSP) for the corresponding calendar month and crude grade. Vitol and Matrix Energy have executed the standard NNPC Crude Oil Sale & Purchase Agreement.”

According to it, the participants in the Eagle Export Funding Limited deal include Standard Chartered Bank, United Bank for Africa, Afrexim Bank, Union Bank and two oil trading companies, Vitol and Matrix Energy.

Despite the constrained liquidity situation in the financing markets due to the COVID-19 pandemic; the pricing and terms obtained for the dollar and naira funding tranches were very competitive and better than precedent transactions, it said.

Omooba77:
Nigeria is in the wrong hands.These people are heartless.Many people sources of income has been drastically refuced, yet government is increasing everything increaseable..

Maxymilliano:
El rufai is just another Adolf Hitler in the make, the more level of power he attains, the more intoxicated he gets.