₦airaland Forum

Ikaeniyan0:
Look at Dangote repatriating close to $700M to Nigeria from other countries. Click the link below and read.

https://www.thecable.ng/dangote-weve-repatriated-over-687m-through-our-africa-operations/amp

Even if we pay Dangote in dollars to buy refined crude from him, his dollars will remain in Nigeria, is not going somewhere else.

And Dangote refinery is not the only refinery that will be operating next year.

OK, let me agree to the repatriation, but please it was over what period? So Dangote brings in close to a billion in five years or four years cos the article didn't specify and do we build up analysis from it and how sustainable it is? Only change of cars for the executive, legislators and Judiciary in less than two years will wipe out the funds we are talking about

Ikaeniyan0:
Dangote is a Nigerian, his dollars will remain in Nigeria.

Dangote refinery is not the only refinery that will be operating by this time next year in Nigeria.

Dangote will get the dollars from where? From the one you and I are using to buy petrol? Don't think you will sell crude to Dangote in Naira and buy refined petrol in Nigeria. This is because, his bulk expenses for maintenance and services for the refinery will be in dollars. Now let me enlighten you, the modular refinery produces diesel, kerosene and crack naptha and not PMS. The cost is not viable for modular refineries to produce PMS. Petrol is our largest demand. Sorry the modular refinery would not help as much as you assume.

Ikaeniyan0:
I still stand my ground.

Dangote refinery, modular refineries and NNPCL refineries will reduce the pressure on the naira

Economic activities do not care about your ground, or my opinion, it is what it is. You are not going to pay Dangote in Naira? Dangote will not give you refined petroleum free of charge? You do not have the dollars to pay for it either? Hence, you continue to Swap, unless Dangote exceeds local demand and begins to export then we can ask him for the export proceeds. Body language doesn't work here

Blueace247:
Thank you for sharing this insightful analysis. It's always beneficial to have diverse perspectives on economic matters. While the challenges outlined are notable, it's important to remain optimistic about the resilience of the Nigerian economy. Efforts by the central bank to clear forex backlogs and address issues impacting the naira are steps in the right direction. With careful policy considerations and adaptive measures, there's potential for stability and growth. Let's hope for positive developments and collaborative strategies to navigate these challenges successfully.

CBN policies, hope and patriotism does not solve currency issues. You have to move from consumption to production with minimal corruption

TCMNetwork:
Milk is a luxury in Nigeria. The poor can't afford to use a tin of liquid milk that costs over #500. Some don't even think of using milk. Thank goodness for those sachets that cost #100

Devaluation and corruption made your currency weak and poverty skyrocketed. I knew security men who would come to our local kiosk in the 90's to buy a tin of peak for 19 naira, in the 90's you hardly get powdered or sachet milk, it was affordable to all those who had something doing. It was never a luxury item

TCMNetwork:
Smaller and mini products for the masses sell faster than big products targeted at the rich and middle class.

Peak was never for the rich and middle class, mismanagement made your country poorer hence groceries and consumables are now looking like luxury. Evaporated milk are among the cheapest varieties of milk. Very soon Naija will not be able to afford brand new electronics, just like how a brand new car is only for the rich

EJEGBULEJE:
What propaganda you talking about?? Everyone knows The Zionist stole the Land.

they stole it from who?

Philipponzaghi:
Fuel will not crash with the amount we want. Maximum reduction won’t be more than #50 reduction.

The only good thing about the refinery is that the $$ we spend importing will now be used for something else and like that it could help with your FX issue.

If $$ to naira rate come down, petrol price come down too.

we don't spend dollars importing, what we do is crude swap, we give the refineries crude in exchange of refined petrol products. With Dangote, it will be the same crude, therefore there is no immediate benefit. The only way Nigeria will benefit is if Dangote produces enough and begins to export hence the much needed FX can be generated.

honoursi:
Check your calculation again. 100k every day is way more than 1 billion naira after 27 years.


Turned down 3.9 Billion Naira just because you can't take a break from weed?

Sometime I wonder if these so called celebrities take us as fools.🤣

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N.B
If you have 1 Billion and spend 100k everyday, it will take you 27years to spend it all.

the guy is correct, 27 years and 3months

Faithful007:
You sound hilarious and naive. I'm 101% he didn't even know what was UNILAG before coming to Nigeria. Once he leaves that place, he'd quickly forget what that school is called.

His visit to Nigeria was on invitation from Pres Tinubu during G20 with a commercial/cultural tour of Lagos included. He accepted an invitation, not like he was the one who proposed to visit Nigeria.

He came because of gas, it was all about gas export biz

KingCold:
Dubai, is not made up of whites and was a barren land a few decades ago, look at it now!!... Nigerians on the other hand are still hiding behind the white excuse to mask their underachievement...If the Emiratis can do it without whites, why can't they? They have the same oil don't they? 60 years later they'll still be singing the same excuse after being surpassed by the likes of Kenya, Rwanda, and Uganda mark my words

The problem with Nigeria and to an extent sub-saharan Africa, is "tribalism" and extremism.

victory36:
If china decides to invade now you will be among those calling them warmongers

Taiwan is part of China yet they cannot reclaim their territory because of uncle Sam's cane

Confirmedzombie:
Lies from the pit of he'll. Isreal bombing of the hospital killed over 400 persons and the EU is here telling lies.

I beat my chest, the Arab world will revenge this killing of innocent Muslims.

Isreal will be levelled down soon to dust

May the souls of our Muslim faithful rest peacefully.

May prophet Muhammad (SAW) accept their souls.

May they be welcomed and receive their 72 virgins

Insha Allah
Amin

if every man takes 72virgins what about the women? Shey the virgins go reach me too?

Almighty China that cannot invade already Taiwan, Taiwan that is very close to you, you can even get there with a Canoe, ok supply weapon to Russia noway, then how are you a super power. Imagine a country telling USA, that if you help another country, there will be consequences....but the USA humbled China, as for Russia, I don't know how long it will take them to clear the oblast

Felabrity:
China and Russia will dominate the world in 10 years

Unless they removed their current leaders

even China knows you are lying

Timmi:
So from the list below, number 4 and possible number 8 no be Ibo/Igbo. For the region that didn't vote for him nor acknowledge him, you should be happy that the Ibo/Igbo got good positions and not just some hand me down ministries like the previous administrations.

(4) National Broadcasting Commission (NBC) — Director-General / CEO — Mr. Charles Ebuebu

(5) Voice of Nigeria (VON) — Director-General / CEO — Mr. Jibrin Baba Ndace

(6) Advertising Regulatory Council of Nigeria (ARCON) — Director-General / CEO — Dr. Lekan Fadolapo

(7) News Agency of Nigeria (NAN) — Managing Director / CEO — Mr. Ali Muhammed Ali

( Nigerian Press Council (NPC) — Executive Secretary / CEO — Mr. Dili Ezughah

The North that got good positions in last administration, are there no more poor people in the north today? Are there no poor people in Daura today? Did people from SE become poorer because of lack of appointment?

Odin13:
Tinubu just Dey avoid igbos from 5 eastern states in his recent appointment ...while carefully making it up with Northwest and Central.

2nd term already on mind.

Since the northern efcc uproar..

But why is the south south not fully carried along.

We wait for the ambassadorial names... asorock this few weeks has been busy with appointments..

If your candidate no make any list .. go realign

God bless Nigeria

For those waiting for economy.. Baba say na till January

Buhari avoided the SE, does it make the SE'ners poorer or richer? If Tinubu should appoint Okafor in all the posts how does it affect chukwudi hawking hala in Maryland? All these tribal bigotry takes nobody anywhere. Are there not very poor people in Daura today? Both Ibb and Abubakar hailed from Niger, can you live in MINNA today? Appointment is only for the pocket of the appointeee and if you look closely most appointee are already ok financially, hence the new wealthy is just for them to squander

rickleye:
I disagree - I work for the competitor of google and get paid bi weekly. Tenured teachers get paid biweekly . I know professors that get biweekly. Hospital employees get paid biweekly.
It’s all in preference . Those that have full accounting staff will prefer biweekly while those without do it monthly . Bank employees get paid biweekly. Those companies that depend on income from products and services to pay will prefer monthly

Wether you agree or disagree is irrelevant. If you have a guaranteed full time employment you will be paid monthly. You can work in hospitals, school even Google and Amazon on contract, hence you will be paid weekly or biweekly hence no work no pay, you clock in or sign in and out. Emphasis on guaranteed full time employment. Even if I don't show up in a week, I will still get paid, I might be queried but my time is guaranteed. I had worked for a bank in the UK and I was paid monthly.

1Sharon:
So because you've never seen it, that mean they don't ask the question?

Yes there is indeed a difference between immigrant Pakistanis and western pakistanis like this lady. That doesn't erase her Pakistani origins.
There is also a difference between immigrant Nigerians and British Nigerians.
I knew before I opened this topic, it was a fob Nigerian asking the question.

Sharon Zukwanike, Zukwanike Zukwanike!!! ok I agree with you Nigerian men do say such.

1Sharon:
Yen yen yen. You know what I'm talking about.
Men in Nigeria ask the question all the time, so why is it hard to believe that he would do this?
The pretence of all of you here makes me sick. It's casting you in a bad light.

When you said: "The British are tricker than any sapiens on our planet"
Did that comment apply to this lady ?
If you knew she was Pakistani, would you have said that?

Firstly I have never seen anyone ask a lady that question, I only read about it. The men in Nigeria I know are classy hardworking guys. Like I said, it is all about your circle. I cannot relate with Nigerian men asking such questions before I have not experienced it in my circle.

Secondly a Pakistani would not come online to post this, a Pakistani in Britain is timid and you can easily see the difference between those born in Britain and those that migrated. I live and work in Britain so I know

rickleye:
You’re definitely in the minority.

North America or Europe if I may ask.
And are you SMB ? Small or medium business?

Some companies even pay weekly due to high turn over of staff . ( Walmart , UPS, logistics companies , warehouse , telemarketers etc )

Good 2know

If you are on a full time employment you get paid monthly. It is only minimum wage jobs and jobs where the employer cannot guarantee you a full time employment that pays weekly and biweekly. Google will not pay a senior engineer weekly or biweekly hence most weekly payments are usually minimum wage jobs

1Sharon:
You know damn well that Nigerian men in reality go about asking women that same question in Nigeria.

Your pretence stinks!!!

And the woman isn't white, she is from Pakistan!

I do not know you neither do you know me. The guys you mingle with are in your circle so if you have terrible fellows in your circle, it is no fault of mine. There are Pakistani's who have British citizenship and the identity as British.

Amotolongbo:
We all know that the British are the trickiest on the planet, the very reason I said “they are fake and not sincere in attitude”. But the major point here is comport yourself in a strange land and with strange people before your case leads to touching stories like this.

Your advise is quite succinct. Happy new month... 🥂

Amotolongbo:
Can you hear yourself out?

I said British girls will have a very open chat with you and tell you what they feel like telling you to make you comfortable with them. You don’t need asking them about their life before they tell you what they want you to know.
There is a boundary you dare not cross with them, if you try it, you are a goner. Their sexual life isn’t something they keep secret if you ask them questions on it in a rightful, chatable, respectful and courteous way like “would you mind/like sharing your body count with anyone?”, not silly, rude and shocking questions Nigerian guys ask eg “are you a virgin?”.How did you know the guy asked the question in a silly and rude way? I am not trying to justify that the lady is lying, I am only stating that you and I do not have have enough premises to reach a conclusion. The British are tricker than any sapiens on our planet

How did you know the guy asked the question in a silly and rude way? I am not trying to justify that the lady is lying, I am only stating that you and I do not have have enough premises to reach a conclusion. The British are tricker than any sapiens on our planet

Amotolongbo:
The guy is a he-goat who thinks every gesture from a lady is seductive and an inviting sign for sexual activity.

In case you don’t know, most ladies in UK give you some smiles, chat and activities to make you feel very comfortable, that is the courtesy they have been trained to have since childhood, though fake and not sincere. If any lady does that in Nigeria, it will definitely be seen as a romantic invitation from a girl. That is the natural British way, unlike the American girls.

The foolish guy thought the lady was “falling” for him, hence the audacity to ask her that question.
The guy is even lucky that the lady didn’t report the case to the authority, then he will understand how to comport in a strange land

Many of you in Nigeria wouldn’t learn until you leave your country to go and disgrace and embarrass yourself and your generation in the western world

I think you are the one that is naive, British girls that will tell you who they slept with last night and the number of kids they have from different fathers without thinking twice? Same British girls that will meet you in a club and shag in the toilet? Same British babes that will tell a stranger they fantasize about a 3some? The babe was feeling the guy and she was just too ashamed to answer hence the reaction

etrange:
Actually, a monthly payment generally benefits the property owner more. Anyone that understands finance knows that the money at hand today is worth more than the same amount tomorrow. The money you pay him in January could get him a few extra bucks by December and this would help to counter the effect of inflation. Again, monthly payment almost always implies monthly lease contract as well. This also gives your landlord (and yourself) more flexibility. Any party can end the lease at any time (not always the case though).

On your side, it pays you more to hold on to your money as long as possible, provided the amount isn't subject to change by year end. This way, you can earn some interest on your money before giving out the principal. You just need to be principled enough to set it aside every month (this is why some companies delay salary payment).

But then again, it all depends on individual situations.



Yeah, but this is like eating your cake and still having it. A property owner that accepts monthly payment would want a monthly lease term as well.

you are thinking inversely. Have you forgotten that you pay rent upfront and not in arrears? So where is the benefit of paying yearly?

Darkseid:
Personally I hate small frequent expenses. I will even prefer to save up and pay three years rent upfront and then remove it from my mind while I focus on other things.

I f**king hate small expenses. Like it's easier for me to pay 100k for a yearly internet subscription than for me to pay 5k monthly.

That is because you don't know how money works and you have not learned about the time value of money

rickleye:
To add - same with salaries most developed economies pay bi -weekly . We are stuck on monthly. People would owe other people till pay day especially December to January. Longest time between pay days. Just pay people every 2 weeks. It will reduce debts. And people can plan and have access to their money.

I work abroad and my pay is monthly

Padipadi:
It's not idiotic to give a narrative that his secondary school should v been asked. Atiku thought it's only university degree of Tinubu that has discrepancies. When tackling issues like this, you must cross check every angle. Tinubu might probably distract the public with the result issue and it's Atiku that's causing it with his sore loser life. There's nothing Atiku is asking today that late Gani Fawehinmi hasn't asked in 1999.

I cannot disprove or contest something that you have not tendered. If President Tinubu had asked CSU to provide those documents to Gani, I don't there would be any issues. Sincerely I don't see what is wrong in allowing CSU release the documents. Unless he has skeletons in his cupboards

Forgery everywhere from top to bottom....we better put an end to this

Padipadi:
Den those asking for his university are mumus. Person must go secondary school before university. Did Tinubu do A-Level?
Seems PDP and LP don't know that Tinubu deliberately played some games to distract them. One of such game is the new note policy and naira scarcity saga coupled with emilokan. They were done to make it appear Buhari wasn't backing him.
To say PDP is a foólish party is an understatement. But LP now mumu pass PDP!

I do not involve myself much in politics, I only think rationally. If Tinubu had submitted his secondary school certificate there will be no course for alarm or his A-level as you stated. It is normal for you to have attended high school before university, but we need a proof of it which is the certificate. He tendered his degree which is good, however, his competitor is saying that there is a discrepancy and the discrepancy alleged by his competitor is weighty. Hence, the competitor is going to court to summon the school to release the original copy of theirs so that he can compare with what president Tinubu submitted to Inec. Now saying that Tinubu is playing a game with them is simply idiocy. Do you know the embarrassment it will cause you if someone is saying your certificate is forged?