₦airaland Forum

ahiboilandgas:
the last time I visited the depots and loading gantries and Jetty have been completed also the fertilzer section and dealers appointed the refining sector got a lot of work but the fractionating colums is already on ground ...they also going to renovate the road to ibeju lekki to shagamu for trucking out ....the thinking is that if we can save 40 percent of forex bill from import of pms the naira is suppose to be stable or appreciate but Nigeria economic is abnormal and illogical...like now crude oil rose to 65 dollar but the naira is depreciating to 410 but when crude went to zero the naira was stable at 390 ....

There is nothing illogical about Nigeria,its just common sense.
Crude is $65 true ,but reason naira is weak is because CBN isn't funding parallel market efficiently and Nigeria businessmen being made up of mostly illiterates and local tradesmen ,the parallel market is their only resort since they don't have what it takes to access NAFEX.
What this means is that the parallel market will always determine how things go in this country.
If CBN like,they can save 100% fx expenditure via dangote refinery,if they don't fund the parallel market properly ,naira will continue to crash as a host of tradesmen go there to buy $$$

pocohantas:
You can ask Seatrade. Only problem is his bad mouth...

I enjoyed reading your posts and hers.

Thanks.

ojesymsym:
Most of the people doing the blockage non really get any business, just like agbero say no transport for road today. They really have nothing to lose, it is these poor farmers that get to be affected by this backward thinking since they will produce farm produce and there will be no off takers.

Africans really need to learn strategic thinking, everything is too much of brawl.

I know,but you should also know that if the blockade continues,then know that those same poor farmers that are hiding herdsmen and bandits will start attacking them for spoiling their business ,thereby putting an end to that madness,which is a good thing for us all.
I've seen this happen a lot of times, so it's not theory .

ahiboilandgas:
it impossible not to have alternatives...that defeatism....a big flaws in the mind of investor ....once their is opportunity money must be made .....ibo guys are already trooping to the North to buy the items the northern traders refuse to move down south....their no law or union that can stop any Nigeria from buying tomatos,carrots and sell in Lagos ....like 25 j5 buses are arriving mile 12 markets today ....

At what price?
You think they are doing it for free?
Las las the populace and consumers go hear am.
Maybe one tomato go hit N100,Aje

Nwaneni Onye highway.

ahiboilandgas:
we go use donkeys and trains to get it delivered at lower cost ....

Lol haha ,with donkeys before your farm produce want reach market,3/4 don rotten because it's very slow.
And we don't have enough rails in all directions to cover the distribution channels of those products ,so you need trucks whether you like it or not.
Besides the trains too run on diesel,not electric,so cost will still be high.
And don't forget there isn't enough standard gauge tracks in Nigeria despite the few rails available,which means trains are still very slow and that slow delivery time will kill business, Aje
You have no alternatives ,sadly.

ahiboilandgas:
the GDP contribution from hydrocarbon is low compared to Agriculture and service industry....dont am twist things hyrocarbon na for forex and govt spending

You don't understand,I am not talking crude.
I am talking petroleum products.
If prices of petroleum gets too high,price of trucking that your agricultural produce to the markets will jump by 300% making the industry almost futile and it will collapse,let alone industries that run on diesel to produce.
Watch and see,Aje

ahiboilandgas:
u be alarmist sha ....500bn dollars economy cannot be as broke as u discrib

Who told you that that time the economy will still be at 500bn?
Something that will crash due to high running cost of industries and decrease purchasing power of the people that can no longer patronise these industry products leading to lots of them closing up and the ones that manage to stay afloat will be almost redundant
It's like a lot of people don't know that its hydrocarbon that determines the fate of an economy,worse still for an economy that has no alternative source of power except hydrocarbon like Nigeria.
Aje

ahiboilandgas:
...i can clearly see signs with the 48 kilo watts per hours electricty people cannot on A.c any how again....a director had to change back to estimated billing of 50k per months cos the prepaid was consuming 150 per months......

Yes na,A/C will be very big luxury that time ooo,na Handfan directors of all these one man companies go dey use that time because price of diesel will also jump too so no more steady lister,Aje
In naija lower middle class on 300k/month dey get 3 AC for house and they are even complaining,make them wait till dangote do wetin dey him mind first,Aje
Na for floor them go dey sleep with windows open at night and rust go catch those ACs due to high running costs and subsequent inflation that will make that 300k monthly income worthless.
And don't also forget that salaries will drop too when this happens because the overhead for companies will be very high,leading to low pay and massive job losses.

ojesymsym:
Are you being sarcastic? I thought you were a major proponent of an open market run only by the private sector?
Wasn't this what you always wanted but you assured us it was for the better but now you are predicting doom, what changed?

Because the fulani in government think they can twist capitalism to favour their brother at the detriment of others,not knowing they are shooting themselves the foot.

https://www.nairaland.com/6438649/northern-tomato-farmers-traders-lose#99506629

I thought they had balls? we never go anywhere almajiri don dey cry
I said let me see how impoverished people like Niger,Cameroon and so on will replace the market they have in southern Nigeria.
People that leave their countries to smuggle foodstuff and cocoa beans from their countries to Southern Nigeria to cash out are the people aboki want to go and sell their foodstuff to?
If the south know what is good for them,they should enforce and insist on this blockade and deny northerners the chance to come and sell in the South until they eradicate banditry and end herdsmen crises.
You will see that time all this nonsense will end,because they all know who these bandits and killer herdsmen are and their hideouts and are the ones even supporting them morally and to some extent financially.
Because their interest have been attacked, they will start fighting themselves in the north and will wipe out all those unscrupulous elements they use to support,so that they can get that access to sell in the south again.
God bless Rothschild for introducing capitalism to this planet,Aje

ahiboilandgas:
na die from his history ...after creating the monopoly must Nigeria might end up buying bikes like since in benin republic ..

They will die las las...
Everyone will dump their modern cars like C300 and lexus and start buying 1.6l cars like the 98 Avensis and so on...
Middle class will start flying bikes to work too ,that's when they will know Nigerians were really poor people and all their lifestyle was backed by government subsidies.
Not also forgetting high cost price of modern cars due to weak naira and the resultant inflation of general commodity due to high prices of hydrocarbon and in turn the diminish of purchasing power by the populace ,
Everyone will now start wearing Okrika clothes and shoes ,Tea will become luxury and middle class will start eating beans and bread for breakfast,
Associated industries will collapse also leading to massive unemployment,
Smuggling will be at an all time high and ladies and gentlemen,that's when Nigeria has fallen to the level of CEMAC countries like Cameroon ,Congo,Gabon,Equitorial guinea ,etc..
Also ,education will become useless and Embassies will be cashing out at an all time high because everyone will want to leave at once.
Not forgetting that the alumajiri will starve to death and 80% of the North will die of hunger and diseases since free money and subsidised commodities of goment won't be there no more and insecurity will die a natural death since oligarch will no longer be able to fund them as they would have other priorities Boko harm and herdsmen crises will die naturally.
I go leave the shithole for una then and take my business to Niger and join muslims and be living like a monk and embrace the pauper lifestyle.
Up dangote!!!Can't wait for this to happen,
Also don't forget you stock market will crash and render you penniless.
All your stocks will turn to penny stock,Aje.

thebosstrevor1:
This is a good and nice initiative by the federal government.

Illegal refineries needs to be encouraged to be legalised. It will help small refineries that are locally owned to participate in the economy instead of the black market.

Deregulation can only work when we eliminate illegal refineries that destroys the environment.

From another angle.

The only problem i have is that most of this illegal refineries steal crude oil from Government pipelines, they refine them and sell for cheap to locals. will they love to be legalise?

If they legalise it and that crude that they use to steal is now purchased from government at international crude prices,then be rest assured theirs will even be more expensive than standard refineries dur to economies of scale differences.
The only reason theirs is cheap is because they don't buy the raw materials,which in this case is crude.
The only reason

Yes,all you wrote is going to happen to an independent man at some point,but that burning desire will keep pushing you till you land on the right path.
Be strong and take things easy,everyday at a time.
Funny enough the most succesful people today all passed through this same point.
Be strong and goodluck,

Biafran4life:
I now see why the lady see you finish.Show me the money you make in the drink business.Even people like Bishop and Etakabe no they make noise way they the line.You don't sell fake but you sell parallel market from China.You think posting truck load of red wine is big deal.

You know nothing about the alcohol business and how it operates clearly,little wonder you think James(etekebe,JINDA) is the alpha and Omega of liquor trading and for you to think like this,you must be an Aba dwelling miscreant cos that's how retarded they always sound not knowing the bts that goes on in the business.
But i must admit,Ekulo(bishop) is a don sha.
No,buying truckload of drink is a small deal,go and buy na
And for the last time I neither do fakes nor parallel,clown.

Biafran4life:
You don't know what you are talking about.For fixed income I don't know.For stock you are completely wrong.If you are into buying and selling.I have come to realize for you to be successful as most of you claim is to throw integrity to the gutters.You cut corners,cheat customers through different means.This is presently affecting me as I am trying everything necessary to be straight in retail business.I now see why retail businesses die easily if you are not ready to join the practice.I can't imagine what middle men want you to do when they bring customers to your shop even the ones from churches.

One thing you have to know is that goods don't have price,you sell according to who is buying and there is nothing wrong about it,that's not cheating in anyway!
When middle man bring client to your shop,sell according to the calibre of the client he brings and pay him (the middleman) his cut accordingly so that he can bring more customers for you.
(Capitalism gives you a free market to sell as you like so long as a client is willing to pay what you bill him.
Bad practices that I don't support is selling fakes as original and falsifying and inflating Bill's on invoices to fool the client.These are what I call wrong practices in retail.)
If you don't comply with middlemen,your business will die soon as there are hundreds of others willing to comply which will even make me happy so that a person that is serious to succeed in business can takeover that space you are trying to waste from your holier than thou self.
Be wise,no say I no be tell you.
If I tell you to show me that money you have made from the stock market,you will start doing like epilepsy patient.
Tell that to the birds,there is no money in that shit,the people that make that real money are the guys who own those trading firms who control and influence prices,the rest of you downplayers are just crumbies,all of you!!no single exception.

ahiboilandgas:
he choose to be a player in the real world against playing safe in the fix income space ..he created a value and his reaping the reward.....i will never stop trying me hands in the real world and alway have some back up in fixed income ...

Real money comes from the real world,all this fixed income nonsense won't take you anywhere.
I like you cos you are a realist and always say the truth.
The truth is most of all these people here dabbling into stock and fixed income ,a lot of them wont make 10m naira in their lifetime from these and they know it,despite the fact that they come here to form rubbish but I can see through the BS.
goodluck to you.

Sharmeenator:
I'm thinking along the same lines. How do I convert my Nairas to Dollars? Do u advice I go through BDC or banks?

Banks won't give you dollars for speculative purposes.

armyofone:
I think best to just eat bread and ground nut or whatever snacks they have at home. Going out to eat and then start toasting chics after him done belly full is another Wahala
Even if he is the one bringing money, not necessary asking questions abt what kind of soup you cooking again today

Op, your job when wifey is cooking is to join the process of getting food ready.

Then why did he get married then?
Provide money then still have to cook the food,doesn't this make y'all feel useless?
Jeez!

Lazyyouth4u:
See Aba made Ace of Spades wey this one think say nobody go decode. No wonder your skin is so nasty. Only an imbecil.e will ever fall for your nonesense crap. And na only illiterate yahoo boys wey just hammer money go fit buy that crap from you. People wey no sabi fake from original. None sense.

Go and drink water and sleep boy. That your ugly nasty looking skin really needs it

smh lol...
I know it might look like I am wasting my time explaining luxury living you can never be able to afford in your lifetime(150k a bottle is not meant for bottom feeders like you) trying to explain the differences to you,but this would have been true if it was actually for you lol.
It's for the ballers and shot callers in the house that have actually bought champagne and can tell real from fakes,

Lazyyouth4u:
Says the person that sells bottles of fake drinks to survive? That girl for that thread so open your yansh sotey you had to run and even change your moniker. Real expose

You make too much noise. But It doesn’t take a genius to figure out who you really are in real life. Poor lonely low life with inferiority complex and daddy issues. Just one look at your dirty skin and the cheap fake drinks you flash on NL reveals a lot. See another of your dirty skin pic with fake cheap wine. With ya dirty short fat legs

You think you are fly with that dirty lifestyle? I pity you. Kwantinue..

When you finish talk,climb your mat go sleep,I'd be doing same too,however not on a mat sha but a comfy bed
Don't mock a lifestyle you can't afford,just a word of advise.
I'm sure if we organise a meet up on this thread now,all this energy will suddenly disappear due to sheer intimidation and social differences .
Hungry squad
Lol @ selling bottles of fake drinks to "survive"
If survival actually looks like this then I don't want to ever go past "survival".

My mom hates that question too ehn!!Somehow I always ask too since as I have appetite issues due to smoking habits.
I think it's common with women,they feel like they know what's good to feed you with and you shouldn't question their meal or something.

LauraClasikVibe:
To you this life ba! Kwantinue

Sometimes you need intoxicants to clear your head.
Not bragging about it,but I just wanted to show that lazy youth idiot that because I drink monkeytail no mean say I no fit buy hennessy.
How are you doing though?
Are you really female or catfish?

6m for the two will make me more interested.

Lazyyouth4u:
E be like say the cheap paraga wey you dey drink for streets dey worry you. See dirty hand

Better go face that woman wey expose you for that other place o

As Oga Emma will say, you have been noticed .

I be street na,same time I be bourgeois.
So all these your antiques no dey shake anything nor mean anything
We don see life on both angles so when we dey cap,na with better experience weh we dey use cap,unlike you weh na for movie or the story books weh you dey read where you from gather experience,ha!

Lazyyouth4u:
Thankfully, I don’t come from family wey dey do deals with criminals for streets

But I feel you sha...

lol you still dey learn na,I'm sure you never face things on your own before.
Even corporate businesses(one man board ones) still dey use street methods to collect their bread in these cases so I don't know what you are talking about .
If you like,let someone do a contract or supply to your company and you think you can die on your debt in the name of corporate world abi laws and all that BS and think you will go Scot free because you are dead,
Wey be say you get family
Your children go soon join you for land of the dead be that
The most criminals you can think of are these corporate guys wearing suits forming rubbish ,they know all criminals and criminal activities and are financing some sef for their interests.
Wake up you this girl.

Lazyyouth4u:
Which kain individuals go after children of dead men to pay debts of their deceased parents? This is 2021 o. You take those mofos to court now

No be those things wey we dey see for Africa Magic Epic o

Its like you've been cooconed in luxury or fantasy too much to be thinking this is Disneyland.
If streets give you bread on credit and you think you can die on the debt,sorry.
Them go pester your family sotey and even threaten to wreak havoc ,una no go know when una sell off property to repay .
Streets no get process,it is usually the one who has the bigger stick that wins .
If you doubt me ,go borrow from loan sharks and die and see what will happen.

Lazyyouth4u:
How Is it even possible to leave debts for one’s children? If I take out a loan to buy a house and I die, the bank will just take the house. Same as any other physical asset that I pledge as collateral. How then will my children be responsible for my debts?

Banks and creditors don’t go after the children of debtors to pay loans. If you die and your collateral does not suffice, the bank is on its own.

This is 2021. Not 1021 BC

Muat not be bank credit,what of credit that was collected from relatives or everyday people?
Don't you think they will go after your family after your demise?

afroxyz:
Proverbs 13:22: “A good man leaves an inheritance to his children's children.”

Well,I'm not a good man.

OgogoroFreak:
Naxo.

Life boring without highness

Swears!lol.

OgogoroFreak:
Most of the people here like myself are from real sector.

Give the guy update na.