₦airaland Forum

igwebuike01:
Was it recorded and produced for Mass distribution? Oga una lack business sense. Na we be the first to record film. Iweka Road Onitsha

GoodLife4live:
Herbert ogunde movie in 1973... No play ooo

Things fall apart 1983 .haha the gap is much to justify..

But things fall apart is more recognized than all Herbert ogunde's film

proeast:
Nigeria Labour Congress, Atedo Peterside and others have condemned the rubbish from NBS. However, Tinubu and his brainwashed supporters are still deceiving themselves.

Chizaam2008:
With a female transcript from Richard Daley College?
Yoruba RONUUUUUU!!!!

IduNaOba:
Naija saw Peter Obi who had clear cut polices and rejected him.
Una see person wey do campaign like say na job interview, fielding and answering questions, had a very clean and positive image and focused direction but una say no!
Naija preferred someone who had zero intentions to move this "corn tree" forward just to teach igbos a lesson.
Now, dollar go soon hit 1k before September second week and prices will keep going up.
You guys voted for this government.
Make una enjoy am.
Ndigbo will simply increase price of their goods and services too.
Nothing concern us.
Meanwhile look at Abịa state mehn....
LP amaka. Alex Otti amaka. Alaigbo amaka.

adenigga:
Oil marketers, on Thursday, insisted on a possible hike in the pump price of Premium Motor Spirit, popularly called petrol, following a further plunge in the value of the naira against the United States dollar.

The local currency weakened against the greenback at the black market from 900/dollar on Wednesday to 920/dollar on Thursday, raising further concerns about whether the pump price of petrol could be sold at the current price.

The naira which had hit 945/dollar at the parallel market about two weeks ago, rebounded last week.

However, the local currency began a move southward this week, a situation that has unsettled economic managers and stakeholders in the oil and gas sector.

Oil dealers and marketers told The PUNCH on Thursday that with the exchange rate at N920/$, the pump price of petrol could not remain at N617/litre, particularly if the current exchange rate lingered.

They again projected a cost of between N680/litre to N700/litre for PMS, based on an exchange rate of N920/litre, stressing that the forex rate was about N750/$ to N800/$ at the time the cost of petrol was pegged at N590/litre to N617/litre.

The oil marketers, however, pointed out that since the Federal Government had insisted that it would not increase the petrol price, it must then be “subsidising the commodity secretly, based on the prevalent exchange rate reality.”

Going by the projections and analysis of oil marketers and dealers, it, therefore, implies that the Federal Government might probably be spending about N90 as subsidy on petrol due to the crash of the local currency against the dollar.

It was gathered that the ex-depot price of petrol was around N585/litre on Thursday. The projected cost of N680/litre, going by the current forex rate, means that the government might be forced to spend about N95/litre as subsidy.

Last week, the Nigerian Midstream and Downstream Petroleum Regulatory Authority stated that petrol consumption in Nigeria was about 52 million litres daily.

When this is multiplied by the estimated N95/litre projected subsidy and calculated for a month, it implies that the government could be forced to spend about N153bn as fuel subsidy monthly.

The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, had told State House correspondents last week that President Bola Tinubu had instructed that the cost of petrol should not increase.

“Mr President wishes to assure Nigerians following the announcement by the NNPC Limited just yesterday (Monday) that there will be no increase in the pump price of PMS anywhere in the country. We repeat, the President affirms that there will be no increase in the pump price of PMS,” he said

NNPCL had also last week, spoken up as regards the widespread concern of a possible hike in the pump price of petrol.

“Dear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated. Please buy the best quality products at the most affordable prices at our NNPC Retail stations nationwide,” the company stated.

NNPC Retail is the downstream subsidiary of NNPCL that retails refined petroleum products for the group.

IPMAN warns

Recall that oil marketers had also indicated last week that the cost of petrol would rise to between N680/litre and N720/litre in the coming weeks should the spike in the exchange rate persist.

They again insisted, on Thursday, that since the fall in the naira exchange rate failed to abate the last few days, the cost of petrol would likely rise regardless of the positions of NNPCL and the Presidency, stressing that the only remedy was if the government had returned fuel subsidy quietly.

“I still maintain that since we are still importing petroleum products into this country, it has to do with forex. And once it has to do with forex, it means that so much naira will be chasing a few dollars.

“And since we don’t have the influx of dollars into Nigeria, the after effect is that the landing cost of petrol will continue to increase as long as the dollar continues to rise,” the National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Chief Chinedu Ukadike, stated.

He added, “The rise in dollar automatically leads to an increase in the cost of petroleum products, except the NNPCL is subsidising it through the Federal Government. I also recall the last statement by the Special Adviser to the President on Media, who said he got a brief from the president that the fuel price would not rise.

“That automatically means that there is quasi-deregulation and that Mr President is cushioning the price of petroleum products in relation to the dollar. So if the dollar is higher at the parallel market, it means that whatever is the offshoot, the Federal Government will continue to keep petrol prices within a price regime.

“And that regime currently is from N590/litre to N620/litre depending on the part of Nigeria you are buying it from. But if you allow the commodity to sell at the free market price, with respect to the hike in dollar currently, the cost of petrol should be around N680/litre and N700/litre.”

Also speaking on the issue, the Secretary, IPMAN, Abuja-Suleja, Mohammed Shuaibu, noted that the petroleum products market today is largely determined by forex.

“Of course, there was panic when the dollar was almost hitting N1,000, which is why the government is supposed to act quickly to avoid a crisis. They (the government) debunked projections of fuel price hikes.

“But the truth is that as it is now, no indigenous marketer is going to bring in this product any longer because of the rate of the dollar. The petrol being consumed now is from the reserve, but we don’t know what the government’s plan is. I don’t know if there is any ship that is bringing in products now.

[i]Marketers shun importation[/i]

“However, what I know is that no marketer wants to go and import petrol again. Everyone is careful right now. That is why people are saying that the government is going to bring back fuel subsidy, particularly with what happened in Kenya recently,” Shuaibu stated.

He pointed out that “when nobody wants to import, automatically the government has to do something internally or secretly because it had already come out to tell the public that it would not go back to fuel subsidy and would not increase the pump price of petrol. So which magic is it going to do?”

Earlier, the President, of Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, explained that in practical terms one would say subsidy on petrol had returned.

Gillis-Harry said, “We heard the President’s firm commitment to keeping deregulation on stream and also to ensure the sustenance of subsidy removal. One would say there is subsidy, going by the rising forex and crude oil prices, but since the President said no return of subsidy, let’s take it that way.”

FG replies Obaseki

In a related development, the Federal Government on Thursday tackled Edo State Governor Godwin Obaseki over his comments that the removal of fuel subsidy and foreign exchange reforms of President Bola Tinubu’s administration has led to increased hardship for Nigerians.

The Minister of Information & National Orientation, Mallam Mohammed Idris, in a statement, said Obaseki was trying to cover his “poor performance” in the state by hiding under his criticisms of the FG’s policy on fuel subsidy removal.

He noted that it was on record that Nigerians and other global bodies called for the removal of fuel subsidy.

Obaseki had while addressing journalists in Edo said the FG did not know what was next after the removal of fuel subsidy which he said he warned against.

The governor said, “I am shocked that people who campaigned around the country, saying that they will remove subsidies, had no clear plans on what to do after subsidy removal. They don’t know what to do and how to support those who will be victims of subsidy removal.

“I am shocked and scared of what we are passing through today, where the government doesn’t seem to have a plan or solution on how to respond to the consequences of the policy measure put in place by their administration.”

But Idris said, “Governor Obaseki has, in recent times, shifted focus to the nation’s economic challenges as cannon fodder to divert attention from his poor performance at the state level since his move to the Peoples Democratic Party. While it is common for leaders to have divergent views, it’s crucial to align criticism with reality, and to premise discourse on tangible results.

“Governor Obaseki’s comments regarding the All Progressives Congress-led Federal Government’s decisions on fuel subsidy and foreign exchange market reforms perhaps overlooked the broader economic picture. It’s well documented that Nigerians, state governors across party lines, and global institutions—including the World Bank and the IMF—along with various economic experts, have consistently advocated the removal of fuel subsidy because of the fiscal distortions and burden it has placed on the economy.”

He added that Obaseki’s leadership had notably benefited from the fuel subsidy removal, which is evident in the more than doubling of the FAAC allocation between June and July 2023 to Edo State – more than it had ever received pre-fuel subsidy removal.

“Constitutionally, Governor Obaseki is a member of the National Economic Council where far-reaching decisions were taken on the issues he talked about, in his media address by his colleagues, while sitting in-Council with the Vice President, Senator Kashim Shettima. Even as Governor Obaseki will have an explanation to make to the people of his state on why he was absent at the two NEC meetings under the current administration,” he added.

“The Federal Government understands the current difficulties Nigerians are facing and is working very hard with the states and local governments to bring succour to our people. President Tinubu is guiding our country through very challenging times. We are supremely confident that we will soon turn the corner into a prosperous future.” the minister said.

The Nigeria Labour Congress, on Thursday, said it would return to the status quo should there be any further hike in the price of petrol.

This is as the Trade Union Congress demanded a thorough probe of the Nigerian National Petroleum Company Limited.

The National Treasurer of NLC, Hakeem Ambali, and the National Deputy President of TUC, Tommy Etim, made these known in separate interviews with one of our correspondents in Abuja.

The PUNCH reports that earlier, the NLC National President, Joe Ajaero, had warned the government against any further increment in the price of fuel.

The naira continued its weak trading on Thursday at the parallel market despite the attempts by the Central Bank of Nigeria to stabilise it.

In chats with The PUNCH, two Abuja-based Bureau De Change operators late Thursday said the naira sold for between 916/dollar and 920/dollar. They said they bought the greenback between N895 and N905.

One BDC operator, Magaji Tau, told The PUNCH that he sold at the rate of N916/dollar and bought for N900/dollar on Thursday.

Another operator, who identified himself as Abubakar said that he sold one American dollar at N920 and bought at N895.

In Lagos, a BDC operator, Hamed Abubakar, who is based at Allen Avenue, Ikeja, Lagos, said he sold the greenback at 920/dollar and bought at 900/dollar.

Also, Jubril Mohammed, a BDC at Ojodu Berger area of Lagos, sold and bought the US dollar at N920 and N900.

On the official trading platform, the Investors $ Exporter window, the naira closed trading at N771.69/dollar compared to the N773.42/ dollar recorded on Wednesday.

At the close of Thursday’s trading, the daily turnover stood at $ 121.60m.

The naira had tumbled to 900/dollar at the parallel market on Wednesday.

The CBN had threatened to revoke the operating licences of BDCs that violated its rules.

Last Friday, the apex bank announced an operational mechanism for the BDCs to trade foreign currencies at a similar rate obtainable on the Investor & Exporter forex window.

It gave the directive to BDCs in a circular dated August 17, 2023, and titled, ‘Operational mechanism for Bureau de Change operations in Nigeria.’

It read in part, “The spread on buying and selling by BDC operators shall be within an allowable limit of -2.5 per cent to +2.5 per cent of the Nigerian exchange market window weighted average rate of the previous day.

“Mandatory rendition by BDC operators of the statutory periodic reports (daily, weekly, monthly, quarterly and yearly), on the financial institution forex rendition system which has been upgraded to meet operators’ requirements.”

‘Visit refineries’

Meanwhile, the oil marketers called on the President to personally inspect Nigeria’s refineries and ensure that the facilities were revamped.

Shuaibu said, “We have four refineries in this country and a lot of money has gone into fixing them. The President in his wisdom should move quickly and even go and inspect one of them to understand the level of work that has been done there.

“The Port Harcourt refinery, for instance, should be taken as a priority project. He should go there, see the contractor and ask questions, as this will make the handlers apprehensive.

“By the time he does this, maybe one of the refineries will come on stream and we will start local production of fuel.”

Ukadike corroborated the position of his oil marketing colleague, by stating, “The Federal Government should ensure that our four refineries are working. It should ensure that crude oil is given to modular refineries, particularly to those producing Automotive Gas Oil (diesel), because the cost of AGO is going high too.

“We are very devastated with the things that are happening now. A truck of PMS now goes for between N27m to N30m. How can ordinary Nigerians doing business afford that? And at the end of the day, our profit margin still remains the same. So the country is not balanced.

“The Federal Government has to do something very fast to ensure that we earn more and more dollars as a nation. It must get the refineries running. The President should set up a committee that should be giving him day-to-day updates on the refineries.”

Source: https://punchng.com/Naira-crumbles-to-920/$-fuel-marketers-push-for-fresh-price-hike

rexlims:
Dem don begin count POS operators and agbado sellers as employment

davidluv:
Bros, I flew in to kd just to vote. I'm telling you that the majority genuinely voted PDP.

millionaireman:
Ikwerres did not voluntarily declare landed properties of the Igbo in the now Rivers state as abandoned properties.
People like you and the government of Nigeria instigated people of Rivers state to declare Igbo landed properties in Rivers state as abandoned properties. Since then, more than hundred times the number of those abandoned properties have been built by the Igbos in Rivers state. Did you hear Igbo people will not vote in Rivers state in elections, as was in Lagos state? Ikwerres don't detest the Igbos if you don't instigate them in your divide and rule and exploit tactics.

Karlman:
And what really have you shown them? I don't understand you lots at all...is there any Igbo man or woman on the govs ballot! You people are really brainless!

Pls Let me state categorically here, that all these Yoruba touts crying all over Nairaland here just because Igbos are not as senseless as you are to give you the much craved opportunity to break into Igbo owned superstores, which will even lead to your miserable deaths anyway, the Igbo man will continue to be your source of envy and pain for the rest of your miserable existence. We worked hard to be who we are and you all can choke on that fact.

Vischy:
Modern Day Slavery

Eligible To Be The Governor of Lagos:
1. Tinubu - State of Origin - Osun State.
2. Fashola - State of Origin - Ekiti State.
3. Ambode - State of Origin - Ondo State.
4. Sanwoolu - State of Origin - Ogun State.

Not Eligible To Be The Governor of Lagos:
1. Patrick Gbadebo Rhose-Vivour (GRV) - State of Origin - Lagos State (Lagos Island).
2. Jandor - State of Origin - Lagos State.

FFK: Those Lagosians Claiming To Be Yorubas Of Lagos Are Not Yorubas. They Are Slaves Who Were Repatriated To Lagos Via Sierra Leone, Liberia, E.t.c.

honeyB2018:
It will only be bitter, when it comes out from the mouth of foolish people like,who don't have a deep sense of what the post.

NwekeUG:
Guber Election: Don't Lose Hope, I Will Defend Your Votes - GRV Tells His Supporters

Labour Party's gubernatorial candidate in Lagos State, Gbadebo Rhodes-Vivour has urged his supporters not to lose hope over some results of the gubernatorial election which he said was manipulated to favour the ruling party (APC), IGBERETV reports.

His tweets read;



https://twitter.com/GRVlagos/status/1637447851037937664?t=ho8CGXdR-6pHIAjjoPFbeQ&s=19[/quote]Lol
Losers sha no dey gree say dem win them.
They must bring one excuse or the other.
GRV,if dem do the election one more time,you will lose massively than this.Him go be like say the world dey quarrel with you ni

franchasofficia:
Nigeria will never remain the same.


They claim Igbos want to take over Lagos. They claim Igbos call Lagos a no man's land in order to take over Lagos. But ask them where Igbos gathered to agree that Lagos is a no man's land and must be taken over and they will quote a Twitter post created by one APC/Tinubu supporter bearing Igbo name to incite Yorubas against Igbos. Yorubas should be aware that nature rewards every act of injustice against fellow humans.


How is it even possible for Igbos to take over Lagos, how?


Tinubu have deceived many Yorubas with his tribal-religious politics of hatred for Igbos. We have learned a big lesson. Only foolish Igbos will refuse to learn from this election.


In 2015 and 2019, they accused Jimmy Agbaje of being Igbo trying to bring Igbo agenda. The moment Agbaje joined them play dirty politics they welcomed him and gave him Pharmaceutical supply contracts. In 2019 when Igbos said Ambode performed well and will be good to continue, they accused Ambode of bringing Igbos into Yoruba affair.


When Igbos massively voted for Obasanjo in 1999 and 2003, they hailed Igbos, and some condemned Igbos that they are not United in politics that that is why Igbos cant produce president. When Obasanjo told them it is Igbo turn to produce President, they called Obasanjo Omo ale with Igbo father from Anambra and denied Obasanjo tenure as Yoruba tenure.


When Femi Fani Kayode was standing for truth with Igbos, they called him Omo ale who is being deceived by his Igbo wife. The moment FFK joined them in playing dirty politics, they start to hail him and call him true Omoluabi. Igbos voted Obasanjo in 1999 and 2003, Anambra voted massively for MKO in 1993, but the moment Igbos voted for Obi they became tribalist seeking for Igbo agenda after supporting Presidents from other tribes since 1999, its well.

its all good






This is the bitter truth.



What Op proposed should be hailed and supported by Yorubas as a more sane way of telling Igbos to go back to Southeast.


Replicate all the key government agencies and parastatals in Lagos in Southeast so that Igbos will never have any reason to be trooping to Lagos.



But unfortunately the same people telling Igbos to go back to Southeast will never accept this simple solution, but let them enjoy it while it last because it is normal for those intoxicated by stolen undeserving victory to see their stolen victory as a windfall and a winner takes it all, only time can teach them the hard lessons about life.



Greeks, Romans, etc empires never believed a time would come that they will never be in control, it always look impossible and like it will last forever, but alas when the crumbling will start, it will almost look like its spiritual.



With this 2023 debacle called election, more eyes are open, more Igbos who used to be neutral are woke now.



All these honorable suggestions of how to solve the inequalities in Nigeria to give every tribe and region a level playing ground by Igbos will stand as testimonies that Igbos asked for equality and level playing ground but were mocked by those who feel they are destined to win and celebrate forever while others are destined to fail and be marginalized forever. Time will reveal, time will tell

Asgard13:
Igbos pull the hit … hehehe .. and it take the state government , police army , federal government , billions of Naira, thugs , Nurtw, Yoruba media , propaganda, all Yoruba gods and juju, intimidation, death, and much more to stop them .. in the Yoruba Lagos..

Hehehehehehehe

Crazy..

Now I fear who no fear igboman .. and in all this .. margin no even worth the rituals and sacrifices offered.. heheheheh

Hope Nigerians can now see clearly why the average Yoruba man is stiff scared of an igboman .. and why they hate word “ Biafra”

They pull this on their first.. maybe learnt one or two lessons..

While the tribalised Yoruba folks celebrate instead to calculate on what went wrong ..

Hmmm

They come back .. fit no play like this tomorrow..

Time is changing ..

Lagos is gradually leaving the hands of Yoruba to other Nigerians

Maybe Yoruba need to empty all Yoruba land to Lagos .. why other Nigerians buy out the rest of Yoruba states formally

In shortest possible time .. time will change lot of things ..


I’m proud of that igbo blood .. as other blood my creator gave me ..


Power to the people

loosecanon50:
People like this foolish bigoted man shouldn’t be allowed to use social media. Infact, Nigeria is too volatile to be an entity.

At this point, I dare say Nigeria can never be one. We’re just deceiving ourselves.

Gucciblog:
I visited Ondo state and I wept.

A city with 80% of the youths as Okada riders.

The highest hotel in Owo is N5000🤣🤣.

No wonder you guys leave your states and start claiming Lagos.

Because nothing to write home about your region.

People living like it was stone age.

POS transaction fee N10 🤣🤣

TruthinAction:
Nigeria can't move forward with tribal sentiments. Was Barak Obama not from Africa and he became an American president?

Are there not Nigerians both in UK and US winning elections?

Are you saying that Igbos are more than Yorubas in Lagos because Labour party clearly won in most polling units.

APC is just using tribal sentiments to get sympathy from their people. So many sane Yorubas have rejected APC. They voted massively for Labour Party.

Mind you, Labour party is not an Igbo party. It was established by NLC many years back. And the first governor they produced was a Yoruba man.

MC Olomo and FFK are looking for cheap sympathy.

Goodmarlian:
Oluomo the land reclaimer when will you help them reclaim illorin from fula people or you dey fear? Be brave you can succeed where igboho failed.

LocalStandard1:
Hausas and a host of others do. But you wouldn't know cause you're cozy and comfortable under mummy' wrapper in Daddy's father's compound. When and if you finally are ready to be a man and f*ck out that village you're in you'll know. Right, Bamidele?