₦airaland Forum

Why are they not in Nigeria? Nice move.

You for say call gal nah, make we know say ashawo follow grade u.

Rest In Peace.

Escalze:
Why were they punished in that manner?

You see why Nigeria can't move forward

Meanwhile PMB......

#legalizeWiid

Isn't it better than using a whip on "someone's father"?

drmikeadams:
but alabi will explain to you in three days time..

I no understand o. For good or otherwise?

drmikeadams:
?.lol millitary and punting na two different things ooo but alabi will explain to you in three days time..

My brother na investment o. Army never pay.

Mversed:
If you are on facebook add me using my number 07036701815 or search for Imo Martins. I'll take time to explain every term in betting to you. Just looking for betting pals to relate with

I just did and I liked ur page too.

hammer2010:
Well, the first betting term you have to learn is, wait for it... ALABI!

Yeah, that is the most important terminology in betting. Permit me to add here also that that is also the same smug that your friend has been submitting your hard earned money to

Now from your enthusiasm, I can perceive that you are now willing to take a bold step by submitting your cash to ALABI in person

Yes in the hope that one day I will get from Tunde. #Bless

Mversed:
If you are on facebook add me using my number 07036701815 or search for Imo Martins. I'll take time to explain every term in betting to you. Just looking for betting pals to relate with

I will. #Bless

augster:
the argentina in bracket means the country where you'll find the match. Odds is the value which you get on a bet e.g. When u have an odd of 2.05 and you bet #50, your winnings will be 2.05 X #50 = #102.5 which is what u get when u win the bet and you also receive bonus on won bets. If you have two games of 1.40 odd and 1.30 odd, both odds are multiplied together with ur betting amount and same for three, four and so on.
Accumulation is a type of betting system where you play a number of games on a slip with any amount you like. If one game is lost, every game on the slip is lost. you can also play as singles. If u have 15 games and u want play as singles, the betting amount will be multiplied as 15..e.g if u want to use #100, it will be #1500. If one game is lost, u will still be in profit. Handicap means you're giving a team a goal or more before the match. If u give team A a goal, u can bet on team A winning with the goal, team A drawing with team, or team B winning the game despite the goal.

Thank you so much and GOD bless you. At least I now know wat games to bet and how.

ebizexpert:
NAIRA PICK OF THE DAY
150601. Lanus + Olimpo Bahia Blanca Over 2 goals (Argentina) Tue 1 Jun 01:10 @ 1.825

DISCLAIMER: NO PICK IS 100% GUARANTEED

What is that Argentina in brackets for? Please I need to understand sports betting and it's terms. Terms like odds, accumulation, handicap, and others. I really need to know because over the last two months I've been giving a certain friend money (4000 or less) every two weeks to bet on the "fixed" games he shows me and up till this day I've only gotten about 2000 winnings from him and I still gave him 1000.
So please help me understand so I can bet myself, starting today. Thanks and GOD bless.
WHATSAPP: 08080330000

kilode100:
Is he taller than Fashola?

Hmm,... Skinny and tall, exactly my specs

If that's you in your profile, you are my perfect spec.

In water. I just can't think of any other possible habitats.

Abba999:
Hey, girls don't consider that when it comes to "self" satisfaction.

did I just said that

I was misinformed or just not liked by a certain lady who use the first on me. She said she doesn't date non-commissioned soldiers only officers. I laffed at her anyway!

Mogidi:
Very beautiful girls, I hope they have certificates sha

I hate unintelligent girls.

They are not your class. They don't even know you exist. Sorry, no hard feelings!

Thanks for your time Jonathan.

Welcome GMB and farewell GEJ

kuuljay:
master warrant officer and army warrant officer are the same.if you doubt then give us a proof of their insignia.cos I know warrant officer carries and eagle on the wrist and master carries eagle with a wreath surrounding it

AWO carries a coat of arms and ARMY WARRANT OFFICER written on it. Whoever is close to Jaji should ask who is the RSM of ICC, Infantry Corps Center. He is an AWO.

kuuljay:
there is nothing like army warrant officer

I'm not telling you based on what I copied from a website, I'm telling you from experience as a serving soldier. When you get to AWO and the Army wants to recognize you, they commission you as a Captain directly. Ask another soldier, don't argue blindly.

pomide:
After Getting into an Argument about what rank a NDA short service student graduates with, I saw browsed this piece online and decided it could help people who might need it.

So here it is... the Nigerian Military Hierarchy.

FIELD MARSHALL – The highest rank in the
Nigerian military hierarchy is Field Marshal. But
this term has never been used practically in
Nigeria, means no Nigerian has ever attained this
rank ever.

GENERAL – The highest rank practically attained
in the Nigerian military hierarchy is General. Full
General is basically a four star rank with NATO
ranking OF – 9.

LIEUTENANT GENERAL – Lieutenant General Rank is a high commissioned officer rank sub ordinate to General rank with a NATO ranking OF – 8, a three star rank in Nigerian military hierarchy.
Major General – A medium commissioned
officer rank with a NATO ranking OF – 7 and a
rank higher to Brigadier. This is a two star rank in
Nigerian military hierarchy.

BRIGADIER – With a NATO ranking OF – 6, this is
one star rank in the Nigerian military hierarchy.
Colonel – Rank lower to Brigadier is Colonel,
referred as Colonel of regiments. A lower level
commissioned officer rank and highest field
officer rank with ranking OF – 5.

LIEUTENANT COLONEL – Deputy to Colonel is
Lieutenant Colonel, a middle level field officer
rank with ranking OF – 4.

MAJOR – The lower level in the field officer
category is Major, a rank higher to Captain and
lower to Lieutenant Colonel with ranking OF – 3.

CAPTAIN – The next rank in the hierarchy is
Captain, the highest rank in the tactical
organization of troops with ranking OF – 2.

FIRST LIEUTENANT – First Lieutenant acts as a
deputy to the Captain. Term Lieutenant refers to
‘substitute’ to immediate superior rank with
ranking OF – 1.

SECOND LIEUTENANT – Second deputy to
Captain is Second Lieutenant, sub ordinate to
First Lieutenant with ranking OF – 1.

MASTER WARRANT OFFICER – Next rank in the
Nigerian military hierarchy is Master Warrant
Officer, an expertise leader who maintains,
operates, manages as well as administers the
military’s equipments.

WARRANT OFFICER – Warrant Officer handles all
the tasks of a Master Warrant Officer in his
absence and acts as an assistant to the same.

STAFF SERGEANT – Sub ordinate to Warrant
Officer, Staff Sergeant is a senior non
commissioned military officer.

SERGEANT – A junior non commissioned military
officer sub ordinate to Staff Sergeant in the
Nigerian military hierarchy.

CORPORAL – A corporal is an officer who is in
charge of a body of certain troop.

LANCE CORPORAL – Lance Corporal means
officer of lowest rank.

RECRUIT / TRAINEE – The cadets who have just
joined Nigerian military are at the lowest level of
the Nigerian military hierarchy.

NDA SS graduates comes out with First or Second Lieutenant depending on your grade.

Culled from
www.hierarchystructure.com

U tried, but after Master Warrant Officer(MWO) we have ARMY WARRANT OFFICER(AWO). And before Lance Corporal(Lcpl) we have PRIVAT(PTE) and not recruit. Recruit and Trainee are for folks on training.

Babana

dadaha:
Stupidity at the bridge

To me it's not. Everybody has got his own style.

In case you missed it
THE REAL COST OF NIGERIA PETROL
By Dr. Izielen Agbon
December 15, 2011
On December 10, 2011, if you stopped at
the Mobil filling station on Old Aba Road
in Port Harcourt, you would be able to
buy a litre of petrol for 65 naira or
$1.66 per gallon at an exchange rate of
$1/N157 and 4 litres per gallon. This is
the official price. The government
claims that this price would have been
subsidized at N73/litre and that the
true price of a litre of petrol in Port
Harcourt is N138/litre or $3.52 per
gallon.
They are therefore determined to
remove their subsidy and sell the gallon
at $3.52. But, On December 10, 2011, if
you stopped at the Mobil Gas station on
E83rd St and Flatlands Avenue in
Brooklyn, New York, USA, you would be a
able to buy a gallon of petrol for $3.52/
gallon. Both gallons of petrol would have
been refined from Nigerian crude oil.
The only difference would be that the
gallon in New York was refined in a US
North East refinery from Nigerian
crude exported from the Qua Iboe Crude
Terminal in Nigeria while the Port
Harcourt gallon was either refined in
Port Harcourt or imported. The idea
that a gallon of petrol from Nigerian
crude oil cost the same in New York as in
Port Harcourt runs against basic
economic logic. Hence, Nigerians suspect
that there is something irrational and
fishy about such pricing. What they
would like to know is the exact cost of 1
litre of petrol in Nigeria.
We will answer this question in the
simplest economic terms despite the
attempts of the Nigerian government to
muddle up the issue. What is the true
cost of a litre of petrol in Nigeria? The
Nigerian government has earmarked
445000 barrel per day throughput for
meeting domestic refinery products
demands. These volumes are not for
export. They are public goods reserved
for internal consumption. We will limit
our analysis to this volume of crude oil.
At the refinery gate in Port Harcourt,
the cost of a barrel of Qua Iboe crude
oil is made up of the finding /
development cost ($3.5/bbl) and a
production /storage /transportation
cost of $1.50 per barrel.
Thus, at $5 per barrel, we can get
Nigerian Qua Iboe crude to the refining
gates at Port Harcourt and Warri. One
barrel is 42 gallons or 168 litres. The
price of 1 barrel of petrol at the Depot
gate is the sum of the cost of crude oil,
the refining cost and the pipeline
transportation cost. Refining costs are
at $12.6 per barrel and pipeline
distribution cost are $1.50 per barrel.
The Distribution Margins (Retailers,
Transporters, Dealers, Bridging Funds,
Administrative charges etc) are N15.49/
litre or $16.58 per barrel. The true cost
of 1 litre of petrol at the Mobil filling
station in Port Harcourt or anywhere
else in Nigeria is therefore
($5+$12.6+$1.5+$16.6) or $35.7 per
barrel. This is equal to N33.36 per litre
compared to the official price of N65
per litre. Prof. Tam David West is right.
There is no petrol subsidy in Nigeria.
Rather the current official prices are
too high. Let us continue with some basic
energy economics.
The government claims we are currently
operating our refineries at 38.2%
efficiency. When we refine a barrel of
crude oil, we get more than just petrol.
If we refine 1 barrel (42 gallons) of
crude oil, we will get 45 gallons of
petroleum products. The 45 gallons of
petroleum products consist of 4 gallons
of LPG, 19.5 gallons of Gasoline, 10
gallons of Diesel, 4 gallons of Jet Fuel/
Kerosene, 2.5 gallons of Fuel Oil and 5
gallons of Bottoms. Thus, at 38.2% of
refining capacity, we have about 170000
bbls of throughput refined for about
13.26 million litres of petrol, 6.8 million
litres of diesel and 2.72 million litres of
kerosene/jet fuel.
This is not enough to meet internal
national demand. So, we send the
remaining of our non-export crude oil
volume (275000 barrels per day) to be
refined abroad and import the
petroleum product back into the
country. We will just pay for shipping
and refining. The Nigerian government
exchanges the 275000 barrels per day
with commodity traders (90000 barrels
per day to Duke Oil, 60000 barrels per
day to Trafigura (Puma Energy), 60000
barrels per day to Societe Ivoirienne de
Raffinage (SIR) in Abidjan, Ivory
Coast and 65000 barrels per days to
unknown sources) in a swap deal. The
landing cost of a litre of petrol is
N123.32 and the distribution margins
are N15.49 according to the
government. The cost of a litre is
therefore (N123.32+N15.49) or N138.81.
This is equivalent to $3.54 per gallon or
$148.54 per barrel. In technical terms,
one barrel of Nigerian crude oil has a
volume yield of 6.6% of AGO, 20.7% of
Gasoline, 9.5% of Kerosene/Jet fuel,
30.6% of Diesel, 32.6% of Fuel oil /
Bottoms when it is refined.
Using a netback calculation method, we
can easily calculate the true cost of a
litre of imported petrol from swapped oil.
The gross product revenue of a refined
barrel of crude oil is the sum of the
volume of each refined product
multiplied by its price. Domestic prices
are $174.48/barrel for AGO, $69.55/
barrel for Gasoline (PMS or petrol),
$172.22/barrel for Diesel Oil, $53.5/
barrel for Kerosene and $129.68/barrel
for Fuel Oil. Let us substitute the
government imported PMS price of
$148.54 per barrel for the domestic
price of petrol/gasoline. Our gross
product revenue per swapped barrel
would be (174.48*0.066+148.54*0.207+172
.22*0.306+ 53.5*0.095+129.68*0.326) or
$142.32 per barrel. We have to remove
the international cost of a barrel of
Nigerian crude oil ($107 per barrel)
from this to get the net cost of
imported swapped petroleum products to
Nigerian consumers. The net cost of
swapped petroleum products would
therefore be$142.32 -$107 or $35.32
per barrel of swapped crude oil. This
comes out to be a net of $36.86 per
barrel of petrol or N34.45 per litre.
This is the true cost of a litre of
imported swapped petrol and not the
landing cost of N138 per litre claimed by
the government. The pro-subsidy
Nigerian government pretends the price
of swapped crude oil is $0 per barrel (N0
per litre) while the resulting petroleum
products is $148.54 per barrel (N138
perlitre). The government therefore
argues that the “subsidy” is N138.81-
N65 or N73.81 per litre. But, if landing
cost of the petroleum products is at
international price ($148.54 per barrel),
then the take-off price of the swapped
crude oil should be at international price
($107 per barrel). This is basic economic
logic outside the ideological prisms of the
World Bank. The traders/petroleum
products importers and the Nigerian
government are charging Nigerians for
the crude oil while they are getting it
free. So let us conclude this basic
economic exercise. If the true price of
38.2% of our petrol supply from our local
refinery is N33.36/litre and the
remaining 61.8% has a true price of
N34.45 per litre, then the average true
price is (0.382*33.36+0.618*34.45) or
N34.03 per litre. The official price is N65
per litre and the true price with
government figures is about N34 per
litre (even with our moribund
refineries).
There is therefore no petrol subsidy.
Rather, there is a high sales tax of
91.2% at current prices of N65 per litre.
The labor leaders meeting the President
should go with their economists. They
should send economists and political
scientists as representatives to the
Senate Committee investigating the
petroleum subsidy issue. There are many
expert economists and political scientists
in ASUU who will gladly represent the
view of the majority. The labor leaders
should not let anyone get away with the
economic fallacy that the swapped oil is
free while its refined products must be
sold at international prices in the
Nigerian domestic market.
The government should explain at what
price the swapped crude oil was sold and
where the money accruing from these
sales have been kept. We have done this
simple economic analysis of the Nigerian
petroleum products market to show that
there is no petrol subsidy what so ever.
In the end, this debate on petrol subsidy
and the attempt of the government to
transfer wealth from the Nigerian
masses to a petrol cabal will be decided
in the streets. Nigerian workers,
farmers, students, market women,
youths, unemployed, NGO and civil
society as a whole should prepare for a
long harmattan season of protracted
struggle. They should not just embark on
3 days strike/protests after which the
government reduces the hiked petroleum
prices by a few Nairas. They must
embark upon in a sustainable struggle
that will lead to fundamental changes.
Let us remove our entire political subsidy
from the government and end this
petroleum products subsidy debate once
and for all. It is time to bring the Arab
Spring south.
Izielen Agbon Izielen Agbon writes from
Dallas, Texas. izielenagbon@yahoo.com
He is former HOD, Petroleum Eng Dept,
former ASUU chairman University of
Ibadan, trained many operators in
nation's energy industry with pratical
experience on our practices and policy
focus in the last 20yrs

stephenqueen:
Ipha tear ogunlakaye slap

Oga ur signature don expire o.

I see stiff competition. May the best win.

Taribo of course!

When I saw it first on Facebook I laffed like it was my last.

I will just have to remove two rats. But that man gotta learn to set priorities right.

Nonsensical nonsense

What's this please?