₦airaland Forum

pendy79:
Am I in anyway wrong? 2 of the worst state governors in present day Nigeria are in the south East? Fact or lies? The biggest blind supporters of GEJ are minions from the same region? True or false? Even the south south don't sing his praise like the igbos. So what are we saying.

u are wrong,the worst governors are nt in the east,Ahmed Fatai of kwara state is not from the east,nyako was nt from the east, jang of pleateu is nt from east,suswan of benue is nt frm the east,u see u are wrong pendy.am a kwaran and i know what am saying.

jejemanito:
Of course this is always an avenue to score miserable cheap points for you know who.....

Keep wasting your time thinking nigerians are as gullible as you are

Be it jonathan, buhari, obasanjo, atiku, IBB they all are birds of a feather!!

PDP & APC are nothing but siamese twins of the same ugly mother!!!

See his mouth like jonaTAN this jonaTAN that as if funds mismanagement started in 2011 mtchew

Count Buhari out. We all know how he resisted pressure to borrow from the IMF. When IBB got to power, he borrowed even though he knew one of the conditions was the devaluation of the naira.

beejaay:
u are wrong,the worst governors are nt in the east,Ahmed Fatai of kwara state is not from the east,nyako was nt from the east, jang of pleateu is nt from east,suswan of benue is nt frm the east,u see u are wrong pendy.am a kwaran and i know what am saying.

Read what I wrote well? I said 2 of the worst. I didnt say the worst 2. Add Fatai if you want to. It is allowed. The crowd at his declaration are rented then if your analogy is right then? The kwarans have a choice to return or replaced him. Go and do the little you can to convince people to vote against him

OrlandoOwoh:
Count Buhari out. We all know how he resisted pressure to borrow from the IMF. When IBB got to power, he borrowed even though he knew one of the conditions was the devaluation of the naira.

Lol

You know this is the one of reasons I avoid politics section

It's filled with people who turn one episode of a film into the full seasonal movie. SMH!

So because of the crap you just wrote I should vote for him bah? Pathetic!

Then why didn't Saint buhari resist abacha's (the most devilish man ever to rule nigeria) offer to work for him

pendy79:
[s]slowpoke and individuals who lack sense of objectivity and sound judgments abound on the social media. You come up with flaws and stupid arguement about shale gas and illinformed knowledge of the oil industry.

Siamese Twin are conjoined twin physically joined together. Figuratively can you compare a party formed 2 years ago to another formed over 16years? Has the APC formed the Central Government since inception that in your clear cut show of ignorance and stupidity you think the two of them deserve to be compared along same line of thoughts. Stupidly is not earned, it is a trait that is passed on from generation to generation and I won't need to bother where yours is passed from.

If Fashola and Oshiomole didn't bother to declare their intention to run or refuse to buy presidential forms. Is it the function of the party to forcefully field them.as it's candidate? Moronic and sycophantic dunce like you who lack knowledge or understand how democracy runs assumes a party will just field a candidate even if the person shows no interest.

You can come from the moon for all I care, you have a choice to vote who you wish either you stick the present clueless one or you go with the general wind of change flowing across the country . General Buhari will be the next president of Nigeria live with it or you go commit suicide.

The most foolish people are those who feels they know but they don't realize they are just as gullible like a tot licking on its lollipop and assumes the world ends there.

Ask a mad man, he assumes the man running away from.him is the mad one. That aptly describes your sorry state of mind.[/s]

he couldn't even make a valid point

supporters of APC doing what they do best SMH!

I am done with you. Have a nice day

pendy79:
Read what I wrote well? I said 2 of the worst. I didnt say the worst 2. Add Fatai if you want to. It is allowed. The crowd at his declaration are rented then if your analogy is right then? The kwarans have a choice to return or replaced him. Go and do the little you can to convince people to vote against him

u got me laughing bro,if hitler or devil himself should come to nigeria, there will be mamoth crowd to welcome him. U need to see the crowd when gej came to the same kwara (does that mean people lov and want him).its all about the money bros nothing more

Moscow (AFP) - The ruble on Thursday slid to new lows of over 46 to the dollar and 58 to the euro, which gained more than two rubles in one day.

The euro reached 58.11 rubles after the market closed Thursday, up from 56.08 rubles the previous evening. The dollar rose to 46.77 rubles from 44.95 rubles late Wednesday.

The Russian currency has fallen in value by about a quarter this year despite a number of interventions by the central bank costing billions of dollars.

The slide has been more intense over the past month amid falling oil prices, which provide the Russian budget with the majority of its revenue.

The former deputy minister and current chief economist for Vneshekonombank, Andrei Klepach, said this week that Russia might as well "learn to live with" the falling ruble, adding that its current loss also has to do with the economy's enormous capital flight.

"If it weren't for capital flight, the rate would be around 35-36 rubles to the dollar," he told Gazeta.ru.

The currency has been hit hard by plunging oil prices and also the consequences of Western sanctions against Moscow over its conduct in the separatist insurgency in eastern Ukraine and its growing international isolation.


proof of the fact that the downward slide of the Russian Rubles is an orchestra being played by the West and the USA

Ozonna:
Abeg no vex.

I still remember that Okonjo-Iweala literally begged for SWF. But NGF led by Amaechi refused. The blame should be on all politicians from Mr President to Governors. APC & PDP are guilty.

And I respectfully disagree with you, Saudi is not colluding with USA to punish Russia and it has been said here in NL a million times. Oil price going down is all about:

1) Economic slowdown/fear of recession in Europe and this will ofcourse affect the world economy.

2) Shale oil boom in the US.

3) Reduced demand from China as a result of slowing industrial output.

4) Law of gravity . What goes up must surely come down.

Saudi Arabia to pressure Russia, Iran with price of oil



Saudi Arabia will force the price of oil down, in an effort to put political pressure on Iran and Russia, according to the President of Saudi Arabia Oil Policies and Strategic Expectations Center.



Saudi Arabia plans to sell oil cheap for political reasons, one analyst says.



To pressure Iran to limit its nuclear program, and to change Russia's position on Syria, Riyadh will sell oil below the average spot price at $50 to $60 per barrel in the Asian markets and North America, says Rashid Abanmy, President of the Riyadh-based Saudi Arabia Oil Policies and Strategic Expectations Center. The marked decrease in the price of oil in the last three months, to $92 from $115 per barrel, was caused by Saudi Arabia, according to Abanmy.



With oil demand declining, the ostensible reason for the price drop is to attract new clients, Abanmy said, but the real reason is political. Saudi Arabia wants to get Iran to limit its nuclear energy expansion, and to make Russia change its position of support for the Assad Regime in Syria. Both countries depend heavily on petroleum exports for revenue, and a lower oil price means less money coming in, Abanmy pointed out. The Gulf states will be less affected by the price drop, he added.



The Organization of the Petroleum Exporting Countries, which is the technical arbiter of the price of oil for Saudi Arabia and the 11 other countries that make up the group, won't be able to affect Saudi Arabia's decision, Abanmy maintained.



The organization's decisions are only recommendations and are not binding for the member oil producing countries, he explained.

Today's Brent closing price: $90. Russia's oil price budget for the period 2015-2017? $100. Which means much more "forced Brent liquidation" is in the cards in the coming weeks as America's suddenly once again very strategic ally, Saudi Arabia, does everything in its power to break Putin.


http://www.zerohedge.com/news/2014-10-10/why-oil-plunging-other-part-secret-deal-between-us-and-saudi-arabia

beejaay:
u got me laughing bro,if hitler or devil himself should come to nigeria, there will be mamoth crowd to welcome him. U need to see the crowd when gej came to the same kwara (does that mean people lov and want him).its all about the money bros nothing more

Let the best man win as long as the election is free and fair. I'm sure no one will complain.

larrymoore:
All our leaders are fools for subjecting Nigeria to all time oil dependent.

.it goes beyond government bro. Even the citizenry are part of the issue. We deliberately refuse to demand performance as a guarantee for trust.

Billionaire business mogul, Aliko Dangote, slid down 14 places to 37th position in the World Richest Persons list within 24 hours.

Dangote, the President, Dangote Group, who remains Africa’s richest person, was ranked 23rd on Thursday by Forbes.

A check on Forbes website on Friday, however, revealed that the business mogul, who is said to be worth about $21bn, is now ranked 37th richest person.

Before Thursday’s ranking as the world’s 23rd richest person, Dangote, the first black person to be so ranked, occupied the 43rd position in the world.

The Nigeria Stock Market lost N84billion on Friday. This is the 1st time since 2009 that the Nation's stock exchange lost such a huge amount in a single days trading.

The economy is in a serious dilemma with investors pulling out on a daily basis and government isn't showing serious concerns yet.

pendy79:
The Nigeria Stock Market lost N84billion on Friday. This is the 1st time since 2009 that the Nation's stock exchange lost such a huge amount in a single days trading.

The economy is in a serious dilemma with investors pulling out on a daily basis and government isn't showing serious concerns yet.

What do you want government to do that they have not done


Pls state it step by step.

“There is no logical reason to peg the flow of Naira into the economy to the flow of dollars received. The correct perspective is not to mechanistically restrict Naira expenditure to dollar intake."


How did we go from N116 to $1 in 2008, to N180 to $1 in 2014?
Why didn’t our currency appreciate proportionally when we were clearly selling above the $80/barrel projection?
Why is this not having the same devastating effect on economies of other countries whose economies are as much dependent on oil as ours?
Why do some countries with worse economies, have a better rate to dollar than ours?
And tons of other questions……..