Namaster: This is why Nigeria will ALWAYS remain a shithole.
No matter how terrible a politician is. No matter how much he embezzles. No matter how much pain and suffering he brings upon the masses, there are still people who will support him and praise him. And even defend him.
Sometimes these people are paid. Sometimes they are just plain STUPID.
The grassroots masses are the problem we all facing today not even the government
THE presidential candidate of the Labour Party, Peter Obi on Thursday donated N10 million to FOMWAN (Federation of Muslim Women Association in Nigeria) after donating another N10M to Madarasatul Hidayyatul Auladi Muslimima school in same Kaduna.
Peter and Obi ,Zuby a nollywood actor donate 10million naira to junior pope family, your donation to Muslim women is fake love you doing it for 2027 election and you still going to lose......you deceiving urself OGA Peter.
But I know too well that these donations will elicit hatred and anger from certain people who have sworn with their lives to hate.
Shut up disgusting element's,zuby donated 10million naira to junior pope family.... peter Obi plus all he many money na 10million he fit give full community's all in the name of 2027 election am ashame for you all
Owner done kill innocent citizen way dey go house after hustling,if na police die now owner go start arrest innocent people now see wetin owner done do
Go to trade fare and see how street retailers are ripping us off big time.
My wife bought her body cream CT+ at the rate 2100 at trade fare yesterday while in our area retailers are selling it for 3700.
Kk brothers soap my wife bought the pack for 7k(6pieces) while one is sold for 1700 by retailers.
Her sanitary pad she bought 1 pack at the rate of 1050 while retailers sell for 1700.
Even strike bitters sachet pack(20 pieces) wey I dey always use console myself i buy for 2000 she got it for 1450.
Note she didn't even buy at carton price but at pack price because if she was buying in carton the price would be lower that than.
Just yesterday I bought a derica of rice on my way back home for 900 around oshodi terminal while the seller in my street is still selling for 1300 despite price of bag of rice coming down.
We are own problem.......everyone is wicked in this country.
This is what peter and Obi has told them to do, to hate their neighbors.so that they can blackmail the President for hardship
They discharged you because you nor get level or maybe you be obidients propaganda agents way won go spy the place for high service reasons....many place for Nigeria dey way be say if you nor get level you can't enter so is not a matter of Chinese supermarket or Nigeria supermarket.....come to think of it na Nigeria politicians na him fit own the supermarket.
OLAADEGBU: Grammy Winner Mandisa Dies at Age 47: 'She Is with the God She Sang About'
Here's what you need to know about Grammy winner Mandisa's passing at age 47: Celebrated for her vibrant gospel music, Mandisa's legacy continues as she joins the God she passionately sang about. 🎶😇✝️
edogu: A Nigerian woman, Tanko Lami, has expressed shock after receiving a slip containing breakdown of fees for pre-kindergarten pupils.
“Development Levy 300k as in how? You will give my child teeth and brain cells because I don't understand. 55k books for a pre-Kindergarten. This pikin no even reach the kindergarten finish sef, and books of 55k at that stage,” she wrote in a Facebook post on Friday, April 19.
Me the mama, how many books I don read all my life? And that uniform. When my child is not a model… the same uniform that he will pour food on top? Abi ? Nna eeh”
Propaganda done land , they won mumu some mumu so that people go start curse Tinubu....or maybe if na truth he nor go pass all this big churches school dem
Come 2027 he go still lose....he nor fit win Tinubu way Tinubu never be President na come now way Tinubu come be President....Obi go rest and check your health status nor kill yourself over wetin you can never get .
Great100000: There are indications that prices of goods and services may not come down soon despite the speedy appreciation of Naira against major foreign currencies in recent weeks.
On Thursday, US Dollars traded for N1,060, about N840 gain against N1,900 to US Dollar peak in February this year. But Vanguard findings show that prices of goods in the market are still on the rise contrary to the general expectations that with the continued positive trend in the exchange rate which started in late February, the market prices and general cost of living should be going down.
Most dealers and producers of goods and services blamed the high exchange rate for the spiral price increases in the market.
However, against the backdrop of the positive stability in the foreign exchange market, the National Bureau of Statistics, NBS, reported a further rise in inflation with a headline rate of 33.2 per cent in March as against 31.7 per cent in the previous month while food inflation rose to 40.02 per cent from 37 per cent.
Meanwhile, financial analysts and economists who spoke to Vanguard have indicated further rises in prices of goods and services in the months ahead before marginal stability can take place.
They also hinted that the current positive development in the foreign exchange market would have to be sustained over a longer period while other elements of the cost of doing business would have to come down before the impact of the lower exchange rate can positively affect the prices of goods and services.
Moreover, they explained that while price increases respond faster to upward increases in key factors of production, the reverse is the case when the factors are going down.
The analysts noted that positive exchange rate changes take time to trickle down to the prices of consumer goods. Explaining the discrepancy between the exchange rate stability against consumer price volatility, Victor Chiazor, Head, Research, FSL Securities, a Lagos-based investment house, said, ‘‘Apart from the time lag for the stability in the exchange rate to begin to reflect in the prices of goods and services, Nigerian price history shows that prices are sticky downwards but reflect immediately upwards.”
However, he gave further insight: “The rise in consumer goods prices was initially triggered by the currency devaluation along with high energy and transportation costs. But despite the recent appreciation of the Naira against the dollar, energy and transportation costs have remained high.
“Also, the appreciation in Naira will take some time to kick in before it begins to reflect in the price of goods and services.
“This price distortion shows how much dependence the economy has on foreign currency and shows that government policies towards locally manufactured goods in terms of infrastructure deficiency and incentives remain low.
“Just as we have seen inflation continue to rise despite consecutive increases in the monetary policy rate to curb it, the reality remains that the policy will require some time to kick in and take effect.
“A similar scenario is expected to play out around goods and services which are highly dependent on the exchange rate. It will take some time for the appreciation of the Naira to be transferred and trigger a drop in the cost of goods and services.”
Going forward, he said that the current policy decisions by the CBN Monetary Policy Committee, MPC, team will yield the desired result.
He, however, said that a prolonged duration of monetary tightening would become a headwind negative to economic growth.
“Hence, there is the need to effectively monitor the economy and know when to slow down on its tightening stance so as not to throw the economy into a session of negative growth.”
In his views, Ayorinde Akinloye, an Economic and Investment Strategist, said: “When economic policies are implemented, there is typically a time lag needed to see the impact of the policies on macroeconomic outcomes. “Specific to the issue of appreciating Naira and still elevated prices of goods and services, the majority of consumer goods in circulation were produced or imported when the dollar was about N1,500 or more. As a result, we are yet to see the impact of the appreciation of the past month.
“Typically, a time lag of 60 – 90 days will be required to clear out the expensive goods before the ones imported at cheaper exchange rates begin to flow into the market.”
He, therefore, noted that the impact of the appreciation of the Naira will be felt from the end of May to June.
Speaking in the same vein, Gafar Bashiru, Senior Associate, Parthian Partners, another Lagos-based investment house, said though a stronger Naira is supposed to result in lower import costs and, eventually, a decrease in consumer goods prices, however, other factors, including structural issues, time tag, and speculative pricing, among others, have continued to fuel the current disparity.
He stated: “Exchange rate changes often take time to trickle down to consumer prices. Businesses may wait to adjust prices until they’re confident the currency appreciation is sustained. Inventory purchased at higher exchange rates may also need to be sold before price reductions occur.
“Also, factors like high transportation costs, insecurity, or inefficiencies in distribution networks can keep prices high despite a stronger currency and businesses might be hesitant to lower prices immediately, fearing future devaluation, leading to “sticky prices.”
“While prices are yet to drop, we are beginning to see a slower rate of increase. The month-on-month inflation figure for March reveals that the rate of increase in the average price level is less than the rate of increase in February 2024. This is a trend that is expected to be maintained in the coming months.
“It is also important to consider the base effect in the year-on-year figures. Considering that consumer prices were already high before the Naira appreciation occurred in the last two months (headline and food inflation stood respectively at 29.90% and 35.41% in January vs 33.20% and 40.00% in March), the decrease in prices might seem less significant.”
He further noted that in addition to the recent improvement in the strength of the Naira, policies that can help achieve sustainable price stability lie largely with the fiscal authority.
He cited structural reforms and focus on domestic production of competitive advantageous products as part of the fiscal solutions needed.
According to him, “Addressing structural bottlenecks in the economy, like improving transportation infrastructure and reducing bureaucratic hurdles, can make businesses more efficient and potentially lower production costs. This will translate to lower consumer prices.
“Implementing policies that incentivize local production of essential goods will lessen reliance on imports and make prices less vulnerable to fluctuations.”
Inflation bottleneck
Expressing similar views, David Adonri, Vice Chairman, Highcap Securities, argued that the main factor fueling Nigeria’s galloping inflation is insecurity, adding that import dependence on manufactured items is another cause. “When supply-side measures are taken, inflation will start declining. Inflation can start declining from the fourth quarter,” he stated.
Chinazom Izuora, Senior Associate, Parthian Securities, said: “It’s important to note that inflation is a lagging indicator.
Therefore, the effect of policy pronouncements in a given month will not be evident until subsequent months. However, it is noteworthy that headline inflation on a month-on-month basis moderated to 3.02% in March, which was 0.10% lower than the rate recorded in February 2024 (3.12%).
“This indicates a slowdown in the rate of inflation, though a marginal decline. We might not see a significant decline in the rate of inflation until Q3/Q4 but we expect to see gradual moderation month on month.”
NairaOcean: In a shocking twist to a years-long mystery, German-American billionaire Karl-Erivan Haub, who vanished during a hike in the Alps in 2018 and was declared legally dead in 2021, has reportedly been discovered alive and well in Moscow, allegedly living with a Russian mistress named Veronika Ermilova, according to the Metro.
Haub, 58 at the time of his disappearance, was training for a ski mountaineering race at Switzerland's Matterhorn mountain when he went missing.
Despite extensive search efforts, his body was never found, leading to his legal declaration of death in 2021. However, a recent investigation by German broadcaster RTL claims to have uncovered evidence suggesting that Haub is alive and residing in Moscow. The investigation alleges that Haub is living with Ermilova, with whom he reportedly had substantial phone contact in the days leading up to his disappearance. The calls, including one lasting over an hour, have raised suspicions that Haub may have been plotting his disappearance.
Veronika Ermilova, described as running an event agency in St. Petersburg organizing outdoor excursions, is also suspected of having ties to Russia's FSB security service, though this remains unproven. Investigative findings indicate that Haub's life was closely intertwined with Ermilova's, with multiple instances of their simultaneous presence in various cities over the years.
GistMedia0: Canoe Carries Loaded Bus Across River in Taraba State, Nigeria, Without Life Jackets:
A small canoe in Taraba State, Nigeria, defied expectations by ferrying a fully loaded bus and its passengers across a river.
Eyewitnesses report that the bus, packed with passengers and goods, was attempting to cross the river when it encountered difficulties. With no bridge in sight and no other means of transportation available, the passengers and driver made the daring decision to load the bus onto a small canoe.
What ensued was a nerve-wracking journey as the overloaded canoe struggled against the currents, carrying both the weight of the bus and the apprehensions of its occupants. Passengers were forced to cling to the back of the vehicle inside the precarious boat, with no life jackets in sight to ensure their safety.
Videos of the extraordinary scene quickly circulated on social media, drawing both shock and concern from viewers.
Caaz: My 8 yrs daughter decided to help me out cooking when she noticed how stressed and tired I was days ago. I was impressed with her cooking skills. I m officially handling the kitchen to her
She prepared breakfast which comprises of Bread 8 raw eggs A touch of ugwu leaf And culinary .
NairaOcean: A woman made headlines after bashing her own car, a Lexus ES350, while attempting to reverse it within their estate. What makes this story even more unusual is the reason she gave for the accident: she blamed her husband for not purchasing a smaller car, citing "space management" as the issue.
The woman, reportedly called her husband immediately after the incident to express her frustration. In a viral video shared by the husband, the woman can be seen sitting in the driver's seat of the dented Lexus, arguing with her husband over the choice of vehicle.
In the footage, the husband can be heard questioning his wife about what happened to the car, visibly surprised by her reasoning. The woman, undeterred, continues to blame her husband for not "getting her a smaller car," which would have allegedly made her navigation easier.
When will women take responsibility for their actions?
Politics / Re: Peter Obi Visits College of Nursing Sciences Kaduna, Donates N10m (Pics) by Truthsandtrusts: 3:02pm On Apr 24
