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Politics / Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by rollybest(m): 8:51pm On Apr 06, 2020 |
Finnese001: The government of loan |
Politics / Re: RANKING NIGERIAN Governors for March. Top 5 Bottom 5 by rollybest(m): 8:16pm On Apr 06, 2020 |
Immediately I looked at numbers 1 and 2 and didn't see The governor of Ebonyi state Engr Dave Umahi. I knew that the ranking is from ghetto and weed house. Thanks |
Romance / Re: My Dangerous Encounter With A Girl by rollybest(m): 4:05am On Apr 05, 2020 |
It's alright |
Politics / Re: Coronavirus: In Few Months From Now, Newspaper Headlines May Read Like This by rollybest(m): 8:38am On Apr 03, 2020 |
tatatar:Chai brother am ashamed of you. I voted this government,in 2015 but anybody that still supports this govt needs checkup |
Politics / Nigeria's Revenue Rises By 129% In 2018 To #9.4 Trn by rollybest(m): 9:25am On Feb 06, 2019 |
Indication that this trend will persist this year emerged yesterday when the price of crude oil, rose to $63.02 per barrel from $60 per barrel, representing $3 above the nation’s budget benchmark of $60 per barrel. According to the economic report for the fourth quarter of 2018 ( Q4’18) released by the Central Bank of Nigeria (CBN) yesterday, total oil revenue rose by 129 percent to N9.4 trillion in 2018 from N4.1 trillion in 2017. Non oil revenue also rose by 21 percent to N3.9 trillion from N3.2 trillion in 2017. Consequently oil revenue accounted for 71 percent of the total federally collected revenue which rose by 82 percent to N13.3 trillion in 2018 from N7.3 trillion in 2017. However, total federally collected revenue fell by 4.8 percent to N2.4 trillion in Q4’18 due to decline in non oil revenue. The report said: “At N2.41 trillion, federally-collected revenue in the fourth quarter of 2018, was lower than the proportionate quarterly budget estimate of N3.32 trillion billion by 27.4 per cent. It also, fell below the receipts in the preceding quarter by 4.8 per cent. “The decline in federally-collected revenue (gross) relative to the proportionate quarterly budget estimate was attributed to the shortfall in receipts from both oil and non-oil revenue components during the review period Gross oil receipt, at N1.46 trillion or 60.7 per cent of the total revenue, was below the proportionate quarterly budget estimate by 23.7 per cent, but higher than receipts in the third quarter of 2018 by 5.1 per cent. Despite the increase in crude oil price, oil revenue declined relative to the proportionate budget owing to shortfalls in crude oil production and exports, arising from maintenance at various NNPC terminals. “Non-oil revenue, at N946.90 billion or 67.6 per cent of the total, was below the proportionate quarterly budget estimate of N1.4 trillion and the level in the preceding quarter by 32.4 per cent and 17.0 per cent, respectively. The lower non-oil revenue relative to the proportionate quarterly budget estimate was due to the shortfalls in receipts from Federal Government Independent Revenue and VAT in the review period”. FG records N3.4 trillion deficits in 2018 Meanwhile the federal government recorded N3.4 trillion deficits in 2018, representing 59 percent when compared with the deficit of N2.14 trillion recorded in 2017. The CBN Q4’18 economic report also revealed that deficit rose to N910 billion during the quarter, representing … percent from N855.09 percent recorded in Q3’18. The CBN said: “Federal Government retained revenue for the fourth quarter of 2018 was estimated at N916.44 billion. This was below the proportionate quarterly budget estimate and the receipts in the preceding quarter by 51.5 per cent and 11.5 per cent, respectively. Of the total revenue, Federation Account accounted for 90.4 per cent, while VAT, Excess crude/PPT, Federal Government Independent Revenue, Excess Non-oil and Exchange Gain accounted for 4.3, 3.5, 1.4, 0.3 and 0.1 per cent, respectively “The estimated Federal Government expenditure for the fourth quarter of 2018 stood at N1.83 trillion and was below the proportionate quarterly budget estimate of N2.38 trillion by 23.1 per cent and the level in the preceding quarter by 3.4 per cent. A breakdown of the total expenditure showed that the recurrent component accounted for 87.8 per cent, while capital and statutory transfers accounted for 5.9 and 6.3 per cent, respectively. A further breakdown of the recurrent expenditure showed that the non-debt component accounted for 53.8 per cent, while debt service payments was 46.2 per cent Thus, the fiscal operations of the Federal Government resulted in an estimated deficit of N910.41 billion, compared with the proportionate quarterly budget deficit of N488.62 billion.” Mr Godwin Emefiele answering questions during his screening by the Senate for Central Bank Governorship in Abuja on Wednesday Oil price rises to $63.02, $3.00 in excess of 2019 budget benchmark The rise in price was attributed to the efforts of the Organisation of Petroleum Exporting Countries, OPEC to remove excess oil from the volatile market. Specifically, the prices of Brent, West Texas Intermediate, WTI and Organisation of Petroleum Exporting Countries, OPEC Basket stood at $63.02, $55.26 and $60.93 respectively. In its recent report, OPEC that expects increased stability in the market stated: “The Joint Ministerial Monitoring Committee (JMMC) has expressed its utmost satisfaction with the steady and robust achievements of the two-year old ‘Declaration of Cooperation’ between OPEC and participating non-OPEC oil producing countries. “The JMMC noted that countries participating in the ‘Declaration of Cooperation’ achieved an overall conformity level in November 2018 of slightly below 100%, hitting 98% for the month. “It is evident that significant progress has been made towards the goal set at the 4th OPEC and non-OPEC Ministerial Meeting of 23 June 2018, whereby countries agreed to strive to adhere to the overall conformity level, voluntarily adjusted to 100%, as of 1 July 2018 for the remaining duration of 2018. “The overall conformity level since the beginning of the ‘Declaration of Cooperation’ in January 2017 is well above 100%, coming in at 116%. “The Committee confirmed the attached new voluntary production adjustments effective as of 1st of January 2019 for an initial period of six months, based on the unanimous decisions taken at the 175th Meeting of the OPEC Conference and the 5th OPEC and non-OPEC Ministerial Meeting on 7 December 2018.” It stated: “These voluntary production adjustments will continue to be monitored by the JMMC on a monthly basis, ably supported by the Joint Technical Committee and the OPEC Secretariat, in an open and transparent manner. “The JMMC calls on all participating countries of the ‘Declaration of Cooperation’ to redouble their efforts in the full and timely implementation of the supply adjustments to ensure that the oil market remains in balance in 2019.” However, in his budget presentation to the National Assembly, President Muhammadu Buhari had stated: “The 2019 Budget Proposal is intended to further place the economy on the path of inclusive, diversified and sustainable growth in order to continue to lift significant numbers of our citizens out of poverty. “The underlying drivers of the 2019 revenue projections have been adjusted to reflect current realities. On the expenditure side, allocations to Ministries, Departments and Agencies of Government were guided by the 3 objectives of the ERGP, which are, (i) Restoring and Sustaining Growth; (ii) Investing in our People and (iii) Building a Globally Competitive Economy.” |
Romance / Re: My Grandma, Fiancée, And I In A Pre Wedding Picture by rollybest(m): 10:54pm On Dec 08, 2018 |
Epifanio:though i was just joking. but i want to categorically tell you that the alms seeking post was not made by me |
Politics / Re: Bianca Ojukwu As The Most Beautiful Girl In Nigeria In 1988 (Throwback Photos) by rollybest(m): 6:08pm On Dec 04, 2018 |
Zieina:Why are you pained, did Bianca do anything wrong to you? 1 Like |
Education / Re: Umahi Flags-off Construction Of Civil Engineering Workshop At AE-FUNAI by rollybest(m): 8:06pm On Dec 01, 2018 |
Nwajiuba is a total scam |
Romance / Re: My Grandma, Fiancée, And I In A Pre Wedding Picture by rollybest(m): 10:21pm On Nov 30, 2018 |
Your wife looks older than you 38 Likes 4 Shares |
Politics / Re: Nigeria Not Among Top 10 Fastest Growing Economies In Africa In 2018 - (WB/ IMF) by rollybest(m): 8:51pm On Nov 26, 2018 |
Yes ooo courtesy of "THE NEXT LEVEL MAN" 10 Likes 1 Share |
Romance / Re: Z by rollybest(m): 12:25pm On Jul 17, 2018 |
RevenGeMission:Bro i don't understand |
TV/Movies / A by rollybest(m): 4:22am On Jul 17, 2018 |
B |
Religion / P by rollybest(m): 10:04pm On Jul 16, 2018 |
Good |
Romance / Re: Z by rollybest(m): 9:40pm On Jul 16, 2018 |
Please brothers, even if it's 1000 each, i will appreciate, i will appreciate anyone that sends on this forum so that when it's up to that amount, you guys should stop sending . Please help a brother |
Crime / Re: Save A Drowning Soul by rollybest(m): 9:15pm On Jul 16, 2018 |
Ukoma9:The phone am using, you can't even buy it for #3000, am just managing it. |
Romance / Re: Z by rollybest(m): 9:12pm On Jul 16, 2018 |
Nofav0rs:My brother that is it, we have complained but no body is listening to us even the government. I just need help, this fee is my only nightmare now, or i will drop out |
Crime / Save A Drowning Soul by rollybest(m): 9:01pm On Jul 16, 2018 |
Good evening brothers and sisters, am a student of Alex Ekwueme federal University Ebonyi state, please guys i need your help less i will not write exams that is starting (for my department) on Friday this week. Am a student of of engineering faculty. I have paid my school fees and all other fees except one fee called engineering levy, #22,000 if you know any body in the school you can call and verify. Please guys if i don't write this exam i might commit suicide because i don't see a reason to live again. All evidence of my studentship will be provided, in fact to show my truthfulness if you are living in Ebonyi state don't send me the money i just need the teller. Which you can get the account from the school website,( www.funai.edu.ng). Please help me brothers, save a soul thanks. I will send any evidence required please brothers. Thanks |
Romance / Z by rollybest(m): 8:53pm On Jul 16, 2018 |
Disregard |
Education / K by rollybest(m): 8:47pm On Jul 16, 2018 |
Disregard |
Sports / Re: Russia 2018 ‘Best World Cup Ever’ - Says FIFA President, Gianni Infantino by rollybest(m): 9:14pm On Jul 13, 2018 |
will2lead:What is the name and price |
Travel / Re: Cows Now Uses Pedestrian Bridge In Anambra PICTURE by rollybest(m): 3:52pm On Jul 08, 2018 |
Chai, we are doomed 2 Likes |
Sports / Re: Predict & Win N7,200 Airtime: Argentina Vs Nigeria by rollybest(m): 2:05pm On Jun 25, 2018 |
NIGERIA 1 ARGENTINA 0 |
Sports / Re: Correct Prediction 1k Card: Nigeria Vs Croatia by rollybest(m): 9:25am On Jun 16, 2018 |
NIGERIA 1 CROTIA 0 |
Sports / Re: Photos Of Russians Begging Super Eagles Players For Selfies And Autographs Today by rollybest(m): 9:22am On Jun 13, 2018 |
Maxking1:Hahahah this one weak me |
Politics / Re: Why Did Majority Of Igbos Refused Voting Abiola In June,1993? by rollybest(m): 7:07am On Jun 08, 2018 |
A very useless thread 2 Likes |
Politics / Re: Umahi Bags "Governor Of The Year Award On Infrastructure" By Authority Newspaper by rollybest(m): 8:17am On Jun 07, 2018 |
akereconfi:Have you bothered to check my profile?. I have been to akwaibom, cross river, kano, sokoto, rivers, Delta all the south east state and indeed Abuja and Lagos. Am not a mediocre like you. I talk from experience |
Politics / Re: Umahi Bags "Governor Of The Year Award On Infrastructure" By Authority Newspaper by rollybest(m): 4:26pm On Jun 05, 2018 |
akereconfi:Please for once say the truth, i live in ABAKALIKI and am also an indigene of the state. Gov Umahi has really done well in infrastructural development. In fact he does not need campaign to win next year's election |
Politics / Re: Race 2019: 13 Presidential Aspirant Details by rollybest(m): 9:08pm On Apr 27, 2018 |
Fayose and buhari are not suppose to contest, they are failures plus Atiku. |
Politics / Re: Ben Bruce Reacts To Dino Melaye's Arrest by rollybest(m): 10:36am On Apr 25, 2018 |
True talk. Buhari na waooo 19 Likes 4 Shares |
Education / Re: . by rollybest(m): 8:56pm On Apr 17, 2018 |
acevic:Give me your number on my email. Rollybest1996@gmail.com |
Politics / Re: Nigeria Overtakes India As Country With The Most People In Extreme Poverty by rollybest(m): 2:05pm On Feb 25, 2018 |
it's alright. writing will not change things, until we raise up and do something. my people perish because of lack of knowledge not resources.let the wise understand |
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