₦airaland Forum

boboLIL:
Gud m0ve... Fraud 2 much

I pity you. You are sure living in the stone age.

This guy is legit. Bought 3gb for 2000 and I got it on time.

aiyeboy:
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slimsy:
Below is the pre wedding shoot of my younger sister who is also a nairalander.
There journey started since 2009 at Ile Ife on her way back to Abuja.

Friends turn lovers

Check the pics for pre wedding shoot inspiration

Tell us where the wedding is taking place and prepare a special table for nairalanders.

FarmTech please kindly tell us how much it will cost us to setup a small farm please.

Sweet proud father.

1-0

kekakuz:
Cibuzor a proverb in our language says isi okuko ankita achoro ifenile isiewu
meaning a dumb child is eating a fowl head but act as though its a goat head(phew they almost caught me there)
I have noticed this same sick trend practiced by the most innocent of girls at home.pastors daughters etc
what pains me the most is that the guy live with the girls in there own house that their papa paid for.he eats the food that the girls mama hussle for,then nak the bootie he has not paid for.
girls why.
am so sad sibuzor I think I will end this with another proverb in our dialect
"Nnwanem watch A ifebalababado,acanchawa anchalile otu ogaraya"
find the meaning your self

May God bless you my brother. Though I don't understand the Igbo adage, but you spoke the truth.

Na civil servants dey beef aregbe na

All those die minute appointments must be scrapped.

gudnex22:
were to na?

To make my observations known. Anyways, brb.

Brb

Brb

Yhunoos:
what are the new service chiefs doing?

I'm sure you don't know what you are saying.

nonxo007:
How Come I've still not noticed any change in power supply here, propaganda.

Oh boy, me Don notice change tey tey. Power has significantly improved in my own area.

laffytaffy1:
I see all those 5 story buildings in the background, how in Gods name do the people that reside in the 5th floor get water up, I'm sure none of those buildings have elevators.

Bros, na so so tall tall residential buildings full Onitsha o. Go to any corner, you must find tall tall buildings.

SuperMaq:
Keep quiet! What do you know?

Oh! Please educate me.

Interesting. So he is not enforcing sharia and islamizing Nigeria afterall. Where are the propagandists?

The naira hit another record low of 241 against the dollar at the parallel market on Monday as the Central Bank of Nigeria’s restrictions on foreign exchange sale fuelled unofficial trade in dollars, Reuters reported.

The ban on importers from accessing the Nigerian foreign exchange markets for the importation of 41 items had led to the volatility of the naira-dollar exchange rate at the black market.

Since June 23 when the new forex rule became operational, the naira has fallen by 10.5 per cent from 218 to 241 against the greenback.

Foreign exchange dealers said the artificial scarcity of the United States currency still pervaded the market.

The new forex rule had led to huge demand at the parallel market, causing dealers to hoard the dollar in anticipation of further fall in the naira

Economic analysts had said the CBN needed to devalue the naira to allow the local currency achieve an equilibrium price against the dollar.

The central bank had however said it would not be focusing on the thinly-traded parallel market when determining the exchange rate, adding that people preferred to use the unofficial market for undocumented transactions.

Foreign investors had been on the sideline, waiting for the CBN to devalue the naira before investing in naira-denominated assets.

Local and foreign analysts had predicted that the naira might hit 250 against the dollar at the parallel market any time soon if the artificial scarcity trend continued.

The central bank appears to be in a fix as the spread between the official and parallel market continues to widen by the day.

Meanwhile, stocks fell to a more than three-month low and the naira on Monday, Reuters reported.

The local bourse, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, dropped for the ninth consecutive day as investors shed banking, consumer and oil shares.

Source: http://www.punchng.com/business/money/naira-drops-to-241-against-dollar/

cc:lalasticlala, Afam4eva, OAM4J, Ikenna351

That's a cheering news. I was in osogbo last week and almost everything was in comatose. My host received an alert of 5k on her phone and jumped up in wild excitement. I felt so pitiful for them. Hopefully the remaining salary being owed wi=ould be offset soon by Ogbeni Raufu.

The NNPC (Nigeria National Petroleum Corporation) must die!” These were the words of the Governor of Kaduna State, Mallam Nasir el-Rufai, in Abuja on Monday.

A visibly angry el-Rufai, while speaking at the 7th Wole Soyinka Centre Media Lecture Series, lambasted the national oil firm for being run like a parallel government, adding that he was hopeful that the current administration of President Muhammadu Buhari would “kill” the corporation.

The governor called for the setting up of another national oil firm as he argued that the present NNPC would kill Nigeria if it was allowed to continue running.

“If you don’t kill the NNPC, it will kill Nigeria,” el-Rufai said.

According to him, the oil firm is riddled with corruption and until it is destroyed completely and rebuilt from the scratch, there will be no headway for Nigeria.

El-Rufai argued that with his experience as a former Director-General of the Bureau of Public Enterprise, it was possible to destroy a bad organisation and turn it into a good firm.

He maintained that Nigeria’s collective wealth was being feasted upon by the less than 1,000 employees of the corporation, alleging that the NNPC only remitted 42 per cent of what it ought to remit to the Federal Government for about three years.

The governor used statistics to defend his recommendation on why the current NNPC must be destroyed

He said in 2014, the country produced on the average about 2.2 million barrels of crude oil per day, while importing most of its daily consumption of 43.5 million litres of refined petroleum products.

He stated that the reliance on imports of refined products led to unsustainable expenses on questionable subsidy payments, exemplified by the $8.99bn spent in the 18 months between January 2012 and June 2013.

El-Rufai said, “About N971bn was budgeted for subsidy payments in 2014 alone (more than twice that was eventually paid). You all recall how trillions of naira were paid out as oil subsidy in 2011, when only N254bn was appropriated. No one has been successfully prosecuted for this scam. Huge deficits in gas supply have ensured that the country’s thermal plants cannot produce power at optimal levels.

“In the eight years leading up to 2014, joint venture production declined by 50.4 per cent. Some 100,000 barrels per day, about five per cent of total production, is estimated to be lost to organised theft. And we all dread the ease and rapidity with which supply shortages lead to endless queues, widespread panic and mortal consequences for the many victims of tanker accidents.

“The long and short of the situation of our oil industry is best exemplified by the parallel government called the NNPC. In 2012, it sold N2.77tn of ‘domestic’ crude oil but paid only N1.66tn to the Federation Account. In 2013, it earned N2.66tn but paid N1.56tn to FAAC; in 2014, (it earned) N2.64tn, but remitted N1.44tn; while between January and May 2015, it earned N733.36bn and remitted only N473.2bn.

“That means that the NNPC only remitted about 58 per cent of the monies earned between 2012 and the first half of 2015. A company with the audacity to retain 42 per cent of a country’s money has become a veritable parallel republic!”

The governor noted that the NNPC felt entitled to consume more resources than the 36 states and the Federal Capital Territory, and the Federal Government combined.

“The example just given is only with respect to domestic crude oil sale. Similar leakages exist in the NPDC, NAPIMS procurement and subsidiary budgets,” he added.

On the way out for Nigeria, the governor said the country could demonstrate a new purpose by slaying three huge dragons, which he outlined as “a fixation with public ownership and control of every major oil asset, the corruption and distortion that oil subsidy is inflicting on our economy, and the NNPC in its current form is not in our collective national interest.”

El-Rufai went on to state that the corruption and distortion in the subsidy regime must be tackled.

He argued that the oil subsidy regime had neither grown the Nigerian people nor guaranteed stability of refined products’ supplies.

Rather, he said, what the subsidy had achieved was to create a huge hole in the budget and a new array of overnight billionaires.

The governor said, “An efficient and productive oil sector, able to create jobs, spur industrialisation and earn more revenues, requires that we tackle the monster that the NNPC has become. This country can no longer afford to maintain an NNPC that arrogantly, unlawfully and unconstitutionally spends an unhealthy proportion of national oil earnings on itself.

“We should replace the NNPC with brand new organisations that are fit for purpose, among others, a commercialised and corporatised national oil company, and new industry regulators. This new national oil company should be capitalised once and for all, and then freed to fend for itself like other national oil companies do, seeking its financing independently from the financial markets and paying due taxes and royalties.

He noted that no one was better qualified to do this than the person that birthed the NNPC through the merger of the NNOC and the Ministry of Petroleum in 1977, President Buhari himself.

“No one can appreciate the gap between the vision of the NNPC’s founding fathers, the beautiful baby of 1977 and the 38 year-old monster it has become better than President Buhari. The NNPC of today must make Chief Sunday Awoniyi of blessed memory squirm in his grave. Something fundamentally decisive must be done to tame this monster,” el-Rufai added.

The governor noted that Nigeria had an oil fortune, adding that the decline in the nation’s revenue or the negligence in using it to build human capital or enduring physical infrastructure was another matter.

El-Rufai stated that despite a 60 per cent fall in oil prices between June 2014 and the end of last year, Nigeria still earned $77bn from oil exports in 2014.

“The PUNCH Newspaper of April 2, 2015, quoting figures from the United States Department of Energy, placed oil export earnings for the year 2011 at $99bn. Indeed, in the five Jonathanian years, Nigeria earned nearly $500bn from crude oil and gas sales,” he said.

According to him, about 40 per cent of Nigerians are estimated to be very poor, adding that this means about 70 million citizens are living below the poverty line in a country that has earned at least $1tn from oil in 50 years.

“Our rich enjoy the lifestyles of the richest in the world, while our poor are truly the wretched of the earth. This inequality is most unfortunate. That wide gulf in living standards is clearly problematic.”

When contacted to speak on the points raised by el-Rufai, the spokesperson of the NNPC, Mr. Ohi Alegbe, told our correspondent that he was in a meeting.

A text message was sent to his mobile telephone line demanding a response. However, as of the time of filing this report, no response had come from the corporation.

One of the guests at the lecture series, who is the Chairman, Editorial Board of The Nation newspaper, Sam Omatseye, argued that caution must be applied when dismantling the current NNPC.

He stated that the government must be careful not to create another national oil firm that would be worse than the current NNPC.

Source: http://www.punchng.com/news/nnpc-must-die-says-el-rufai/

cc: lalasticlala, Afam4eva, OAM4J, Ikenna351

Which kind yeye obey clarion call be the one in the picture posted by the OP?

kestolove95:
U must oby d clarion call unda d sun or in d rain

Thank you Mr Governor.

I'm a Yoruba man and I don't care which region anybody appointed is from. Let them just contribute their quota and make this country a safer place. I don't think there's anything called federal character principle in the US and they are the most developed nation in the whole world.

Now I see Chief of Defence Intelligence. That's more like the first time I'm hearing that. But, I think it makes a lot of sense.

opeaceo:
Lol, *eyes covered*, na you sabi.

Babe how far na. It don tey o.

Drama continues.

Without further delay, our government must really now turn fully into strengthening our agriculture industry. The International Energy Agency has prophesied that the price of oil will further fall.

"Oil prices may have further to fall despite stabilising in recent months - and even beginning to rise modestly - because of a massive oversupply the International Energy Agency (IEA) has said.

The IEA said lower oil prices were likely to last well into 2016.

The agency added the world oil market was unable to absorb the huge volumes of oil now being produced.

It follows the massive drop in prices which started last summer.

The price of Brent crude fell sharply last year from $115 a barrel in June to $45 a barrel in January.

The current price of Brent crude is $59 a barrel.
The fall in prices has led oil firms to cut back investment in exploration, while North Sea oil has come under significant pressure.

All seven major global oil firms have also reported annual declines in profit as a result of lower oil prices."

Source: http://www.bbc.com/news/business-33476508

opeaceo:
That looks like a candida infection, you need to take her to a doctor ASAP

Peace I don catch you here. So you self dey run things on top nairaland.com. That was a good observation about the girl's mouth.

UAE side Al Ain have completed the loan signing of Nigeria striker Emmanuel Emenike from Turkish giants Fenerbahce.

Emenike replaces Ghana striker Asamoah Gyan who has joined Chinese Super League side Shanghai SIPG on a two-year deal.

The deal includes an option for Al Ain to buy Emenike at the end of the loan.

The 28-year-old, who scored 4 league goals in 27 matches last season, knows he has much to live up to after Gyan's 128 goals in four years in the UAE.

On a personal note this is a fresh challenge that I need in my career and I hope to make a great contribution at Al Ain.

"This is a big club with high expectations and I promise to give my best," he told BBC Sport.

"It is true that [Asamoah] Gyan has done a remarkable job here so I understand there will be expectations.

"But I also want to succeed alongside the fantastic players here and win trophies because that is what the club is all about.

"On a personal note this is a fresh challenge that I need in my career and I hope to make a great contribution at Al Ain.

"I've been given an amazing welcome by the club and my focus now is to deliver on the pitch."

Emenike endured a turbulent period at Fenerbahce having initially transferred to the Turkish side in 2011.

However, a match-fixing scandal, for which he was later cleared, prompted the Istanbul club to sell him to Russian side Spartak Moscow less than two months later.

He re-joined Fenerbahce in 2013 and helped propel them to the 2013/14 Super Lig title and the 2014 Turkish Cup crown.

But Emenike, who made his Nigeria debut in 2011 and was top scorer at the 2013 African Cup of Nations, suffered a dramatic dip in form last season which attracted negative reactions from Fenerbahce fans.

He demanded to be substituted after he was booed by his own fans during their 1-0 home win over rivals Besiktas in March.

A Nations Cup winner with Nigeria in 2013, Emenike started all four of the Super Eagles' matches at last summer's World Cup in Brazil.


http://m.bbc.com/sport/football/33493126

jantofubu:
how many 350m dey 150b

14

Abasa

Hope he brings in his wealth of experience and gets us running.