₦airaland Forum

sleekymag:
Even the so called statement of result some persons are posting here has fake written all over it. There was no Katsina State in 1961 like someone said.

Also, we that finished secondary school in the mid nineties had results like A1, A2, A3 etc. A1, B2, B3 etc. was introduced later (after our time) and not before. To think Buhari had B3 in one of the subjects (History) and D7 in English Literature (when in our time and before then it was P7) smells of forgery.

GuyFawkes:

GEJ
Okonjo-Iweala
Dieziani

We need answers........

dmighty:
LAGOS — Following the continuous decline in
the prices of crude oil in the international
market, the amount the Federal Government is
paying on subsidy for Premium Motor Spirit,
PMS, has dropped to N4.48 per litre.
This came as the Nigerian National Petroleum
Corporation, NNPC, assured Nigerians that the
ongoing strike embarked upon by members of
the Petroleum and Natural Gas Senior Staff
Association of Nigeria, PENGASSAN, and the
National Union of Petroleum and Natural Gas
Workers, NUPENG, will not disrupt the supply
of petroleum products to members of the
public.
The Petroleum Products Pricing Regulatory
Agency (PPPRA), in a document obtained
from its website, yesterday, puts the
market price of PMS at N101.48 per litre, as
at December 12, 2014, compared to N108.38
per litre as at December 9, 2014.
According to the PPPRA, the Expected Open
Market (EOMP) of fuel is N101.48; Landing
Cost -N98.15; Ex-Depot price is N81.51 per
litre, while the regulated price is N97 per
litre.
The assurance by the NNPC is against the
backdrop of long queue of vehicles that
resurfaced at most filling stations in the
Federal Capital Territory, FCT, and its environs
yesterday on account of the strike announced
by the unions.
http://www.vanguardngr.com/2014/12/crude-
price-decline-fuel-subsidy-payment-drops-
n4-48litre/

sleekymag:
Let me do some calculations

Average crude oil price in the last one month
Dec 2014 = $60.70 (www.ycharts.com/indicators/average_crude_oil_spot_price)
This is -21.16% from previous month ($76.99)

Average crude oil price in the last one year = $105.48

Old PMS price with partial subsidy = N97
Old PMS price without subsidy - N138/N140, but let's assume it's = N138

Actual oil price at $105.48 = N138 PMS (without subsidy)
New oil price at $60.70 = (60.70/105.48)^138 = N79.41 ~ N80.

Without subsidy, PMS price should be about N80.

However, let's assume because of the fluctuations in price, we can allow for 20% fluctuation.

This implies,
Fluctuation allowance = 0.2*N80 = N16

Actual PMS price without subsidy = N80 + N16 = N96

To allow for some partial subsidy of say N9 per liter,

This implies,
Current PMS Price = N96 - N9 = N87.

*This doesn't put into consideration the recent devaluation of our naira.

My assumptions sha.

christinauju:
Currently based in lag but I've family members I could stay with in abj should I stil try,and maybe include that in my cover letter?

treasureboy09: Thanks for the reply, pls do well to to update me on others.......Thanks.

treasureboy09: I love this but i reside in Delta.......can i apply?

phlemzy: America treating the largest black nation like one small Island country. There's something Obama dislikes about GEJ's personality or his style of government and he's yet to speak on it.