₦airaland Forum

Alexas58:
Please I am not understanding this stuff at all
Fuel price increased immediately oil rose to $118/ barrel from about 850- 1350, and now that oil is back to $74/ barrel , why is fuel still being sold at 1350??


I thought it’s forex that runs this oil economy

Imagine a filling station bought 100,000 litres of petrol when the landing cost was high, say ₦1,300 per litre. After adding transportation, staff costs, and profit, they start selling at ₦1,340 per litre.
A week later, crude oil prices fall and new petrol shipments become cheaper. Does that mean the station should immediately reduce its price to ₦1,200 per litre?
No. The petrol in their tanks was bought at the old, higher price. If they suddenly reduce the pump price, they could end up selling below their cost and losing money on the stock they already paid for.
So they usually continue selling the existing stock at the old price. Only after that stock is exhausted and they purchase new, cheaper supplies can they begin to reduce prices.
It's similar to a shop owner who bought bags of rice for ₦100,000 each. If the market price drops to ₦90,000 the next day, he can't immediately sell his existing stock as if he bought it at ₦90,000. He first needs to recover the money he spent on the old stock before passing on the lower prices from new purchases.
That's why a drop in crude oil prices today does not automatically translate into cheaper petrol at filling stations tomorrow. The cheaper crude must first work its way through refining, importation or production, distribution, and finally the sale of new stock to marketers before consumers see lower pump prices.

OnionBandit:
Anyone who says the US and Israel won this war is completely far from reality., and must be put under strict monitoring, make e for no enter market go dey display him mardns

All of these conditions favour the Islamic Republic of Iran. Just negodu

The visa hunters on this forum think it's child's play

So you don't know that if Iran didn't give up it's nuclear program it would be in similar conversation with Russia?
Though it would have cost us more harm than good in the long run.
Giving Iran its $300b from Irans frozen assets and Coastal Gulf regional assets was a smart move by US.
But I won't trust the US to release these funds self. Later we'll hear that there were delays or the process involves releasing the funds in batches

WriteerNg:
Imagine Russia offering Ukraine $300 billion to end war.

This app for no fit contain una.

See una paper tiger life. After only 35 days of war, dem don dey offer Iran heaven and earth.

Not offer. This is Irans money. Their assets that were freezed. It's just like Nigeria's money from the Abacha's loot. Who will dash you money just like that?

HacheNoire:
Even the ones that got full entry are being subjected to humiliations!

Uruguayan team was subjected to terrible humiliation with sniffer dogs.

Senegal was welcomed with a search RIGHT ON THE TARMAC.

FIFA really lost it.

Did anyone observe that official slogan of FIFA are not being displayed in this tournament? I mean the “SAY NO TO RACISM” and “FAIR PLAY”

You expect them to just allow anyone into their country without checking them!

Countries battling serious political instability and terrorism, yet showing little commitment to tackling those issues, shouldn't be surprised when they face restrictions on the international stage.

This isn't Nigeria, where people from Niger and Mali can move in and out of the country with minimal oversight while insecurity continues to grow. For years, we've watched terrorists exploit weak border controls and other loopholes, often hiding behind religious or ethnic sentiments to avoid scrutiny.

The United States has every right to impose stricter vetting procedures on certain countries if its security agencies believe there are legitimate risks. Every responsible government has a duty to put the safety of its citizens first.

All these women wearing long hijabis should be checked very well at check points. Na them Boko Haram de run supply chain... We are a ticking time bomb. Everyone is a suspect.

I studied industrial physics as a course and I must confess that almost everything I do Iat work, I learnt from work and not school.
From Report writing, data analysis using various analysis tools, using data collection tools, subcutaneous injections, presentations, health system strengthening, HIV programs, mechanization services provision and the list goes on and on.

dermmy:
Iran is the one who has come out stronger in this war and it has shown that its influence in the Middle East is still a force to be reckoned with. It has shown that it has the ability to put pressure on America to force the hand of Israel this is contrary to the goal Israel wants to achieve in order to remain the only hegemon in the region.. Israel can continue to seeth in rage and gnash its teeth. Persia is a civilization no one can destroy.

"Without the United States, there would be no Israel” - Donald Trump

This one loud. Louder Donald Trump

The only thing that made Iran look so powerful in this war is the pressure on anti Trump and anti Republicans. Had the elections not be closed by. Trump would be smiling while he is crushing hundreds of Irans generals

josielewa:
ATIMES I ASK MYSELF THE REASON FOR THIS WAR. THERE WAS NO NUKE BEFORE THE WAR, STRAIT OF HORMUZ HAS BEEN OPEN SINCE AGES.

THIS IS A SENSELESS WAR WITH NO AMBITION OR OBJECTIVE ACHIEVED, JUST DESTRUCTION. THE OBJECTIVE OF THE WAR IS TO STOP IRAN FROM HAVING NUKES, THEY CLAIM IRAN HAS ENRICHED URANIUM. LAST YEAR JULY, A B2 BOMBER BLEW THE SITE OF THE URANIUM ENRICHMENT WITH TRUMP CLAIMING THAT ALL IRAN NUCLEAR POSSIBILITIES HAS BEEN DESTROYED.

FAST FORWARD TO THIS YEAR, ITS BEEN ENDLESS BOMBING WITH THE DEATH FROM THE BOMBING OF 140+ CHILDREN IN A SCHOOL. WHAT HAS AMERICA ACHIEVED, JUST DESTROY THE IRANIAN ECONOMY, WASTED AMMUNITIONS AND MONEY ON A SENSELESS WAR WITH NO AMBITION. IT HAS NOT EVEN BEEN VERIFIED IF AMERICA TRULY DESTROYED IRANIAN ENRICHMENTS. AMERICA WASTED MONEY AND AMMUNITIONS WHILE IRAN LOST A LARGE CHUNK OF WEAPONS,MONEY AND ECONOMY. NO OBJECTIVE ACHIEVED AT ALL.

THIS WILL STAY COOL FOR A WHILE, UNTIL ISRAEL WILL RAISE ANOTHER ALARM THAT IRAN HAS 50 NUCLEAR WEAPONS. SAME TRICK USED IN IRAQ IN 2003. I ASK MYSELF IF THERE ARE OTHER SINISTER MOTIVES FOR THESE UNNECESSARY WARS WITH NO CLEAR OBJECTIVE ACHIEVED.

Oga there was nuclear weapons. You think the US don't have intelligence or agents??
You think other countries don't have intelligence or informants. If Iran don't have a nuclear program on ground, they'll have signed a deal tey tey... How you dey think sef??

JuanDeDios:
So how is this an improvement on Obama's JCPOA - that Trump and Netanyahu rejected and started bombing, killing Iranian schoolkids and sacrificing American soldiers?

Barack Obama’s 2015 agreement (the JCPOA) was a narrow, nuclear-specific deal where Iran accepted strict limits and international inspections in exchange for sanctions relief. Donald Trump withdrew the U.S. from the JCPOA in 2018, arguing it had too many expiration dates and ignored Iran's ballistic missiles and regional influence.

Do more research on it. You'll realize that Trump wants to practically cripple Iran and increase US's influence on Iran

You think the devil exists in hell??
Nah ladies and gentlemen, the heart of humans is the devil . Only our conscience can fight or kill it.
Is there anything more evil or devilish than this??

The most annoying part of all this is that the president of Nigeria is making little to no efforts to fight this Islamophobia agenda

Angelfrost:
Well, my opinion so far is that FIFA should never have allowed a Donald Trump America host this world cup.

Even attendance so far has been atrociously embarrassing.

😂 Don't get fooled. Go and check the facts on the attendance on each game played in each city across the US, Canada and Mexico so far and you'll realize that it isn't as bad as projected.

The propaganda against Trump is just too much.

She's 100% right. This is the only way Nigeria can stop sponsoring kidnappers. You will never see the Federal government educating Nigerians in that regard because our leaders have their hands soiled. In developed worlds, it is a crime to pay ransomes cause the effect is that the kidnappers will now have more money to buy more expensive weapons, gadgets, have the confidence to go for the next hundred victims because of the success of their recent operations

The minister makes a valid point. Global conflicts have made military equipment harder and more expensive to obtain, which is why Nigeria must invest in local defence production. We also need a comprehensive national database to help security agencies track criminals more effectively. A safer Nigeria requires both stronger institutions and greater self-reliance.

Many people don't know that USA produces crude oil.
Kindly note that they import crude oil because the specific type of oil extracted domestically does not match the design of most American refineries.

Iran rushed to agree certain things they were not willing to agree on. Let's see how this unfold at the long run

God1000:
It is crystal clear that america hasn't learned anything from history, from Vietnam war, the Korea war, 20 years in Afghanistan, that you can't fight thousands of miles away from home and win

The arrogance and stupidity of the current president is hurting USA, to make it worse, he surrounds himself with sycophants and clueless individuals who sing his praises everyday instead of telling him the truth

Iran is not Venezuela, they will never bow down to imperial forces, Iranians are very patriotic people and they will continue to defend their country from land grabbers, not the kind of people we have here in Nigeria

Distance has never prevented the United States from winning wars. The U.S. helped defeat Germany and Japan in World War II and liberated Kuwait in 1991,all thousands of miles from its homeland.
Vietnam and Afghanistan were not failures because of distance; they were failures of long-term political and nation-building objectives. America's challenge has often been securing a lasting peace, not achieving military victory.
Therefore, the claim that the U.S. cannot win wars far from home is historically inaccurate. A more accurate assessment is that the U.S. can win conventional wars far from home but has sometimes struggled to achieve its long-term political goals afterward...

This is exactly what I was telling my female colleague. Story story

I introduced her to one of my closest friends, but from the start, all she seemed interested in was what she could get from him. It was one outing, bar, or hangout after another. I warned her that no serious man takes a woman he values for marriage everywhere she wants to go just to fund her lifestyle. Unfortunately, her appetite for constant spending wouldn't allow her to heed that advice.

She would often claim she hadn't eaten at home just so he would buy her food. Before long, my friend met another lady, and the contrast was striking.

For three straight weeks, this new lady cooked meals, brought them to his house, and returned to her shop afterward. They spent time together without any pressure for intimacy. According to him, she was ticking almost every box he looks for in a wife.

The sad reality is that he now sees my colleague as nothing more than a casual fling. These days, he doesn't even invite her to his house anymore; it's mostly hotels and nothing beyond that.

Ironically, she has become desperate and keeps asking him to meet her parents, but he always finds an excuse. He openly told me that she is the last woman he would consider marrying because he sees her as a financial burden. Meanwhile, he has already started saving towards marriage with the woman he met much later. He believes that if things continue the way they are, he could begin marriage preparations with her by this time next year.

A lesson many people overlook is that while attraction may start a relationship, character, selflessness, and value often determine who gets chosen for commitment.

Everything about Tinubu is just calamity upon calamity

He just said what many of us know. Well, except the fools who don't know... The next step is what do we do about it??

We need to plan just as they did. Because by the way things are going, Tinubu is planning to rig his way into power thus giving us another hellish four years. Afterwards another Northern Muslim is in in line to take over. APC is an Islamic party hope y'all know it

I pray they do. That will a very good thing

That's what we get when we vote in a drug Lord or someone with a rich history of corruption. Unfortunately that's what we get when are too gullible, we think personal wealth is the ultimate goal hence the religious, tribal and ethnic Nepotism.

Guess what? His failure have brought unprecedented hardship, insecurity, highest lost of education in the history of the country. No improvement on health, power etc. Most of the success is audio success.
Worst is that he doesn't seem to give a Bleep how the poor masses feel.

What a country

This is why Iran restricted internet access during the war. Now that the restrictions are easing, the real stories are coming out.
Inflation is crushing households, businesses are struggling, and many ordinary people are barely getting by. As always, the elites remain comfortable while the common man pays the price of war, sanctions, economic mismanagement, and political posturing.

The US military said it shot down four Iranian attack drones that were launched towards the Strait of Hormuz.

In a statement posted on X, US Central Command (CENTCOM) reported that the incident occurred “moments ago” and stated that “the attack drones posed an immediate threat to regional maritime traffic”.

“US forces subsequently struck Iranian coastal surveillance radar sites in Goruk and on Qeshm Island to defend against further attacks,” according to the statement.

“American forces remain vigilant and postured to respond to unjustified Iranian aggression in self-defense,” it added.

Reality just sets in. The way things are going even governors would soon be kidnapped... They think it's only the poor masses that would be affected right ? Only time shall tell.

The crime is becoming so normal that one day s governor would be stolen too. If care is not taken

USA came and made a blockade in the Straight of Hormuz and Iran couldn't bomb those ships?? I'm still surprised at that. So they prefer to bomb military bases or infrastructures, airport in Saudi, Kuwait, UAE etc than attack the enemy facing them closely??
That's next level cowardice

It's only the law that could do that. But guess what?
We are in a lawless country and more than 90% of us lack emotional intelligence and conscience.

That's the hard truth