₦airaland Forum

HacheNoire:
Qatar
Kuwait
Oman
Saudi Arabia
Brunei

Just like Dubai, these countries are liberal Muslims not the terrorist we have here in Nigeria and some other 99.9% Muslim countries.
The ones that believes women shouldn't go to school, no alcohol but are reaping from taxes on sale of alcohol.
Those that said no to western education but are using smart phones and laptops; uploading their evil deeds on sm.
Those that want to marry four wives when they can't even feed themselves
And those blood thirsty terrorists that kills for everything.

HacheNoire:
Hello! Check the statistics again! You are outdated!

Tell me which terrorist country that u can be proud to move to aside Dubai. The only Muslims with sense. The rest are just so poor and backward.

HacheNoire:
Call it any anything, statistics wont change! From Europe to America, dominance keeps increasing!

Which dominance? Europe and the West can't tolerate ur sh*t. It's only in some backward Asian and African countries that u fist muscle.

HacheNoire:
And still the fastest growing religion on Earth…. That should tell you a lot.

Because una dey born like pig. One jobless man, 20 children; why can't u terrorist be growing?
Talk about new converts let's check something.

Ebonyi is #835

Ikaeniyan0:
I love MTN too, I only use MTN and Airtel. Is no one's fault Glo have choosen not to improve all this while.

If Dangote is in charge of Glo, Glo would be at the top right now. Adenuga Glo is not interested in competing with Airtel and MTN, he's comfortable with the market share he controls and not ready to level up.

Exactly

The ranting Reno that has no investment anywhere in the world is jealous of another man's success. He want balablu to drive foreign companies forgetting that Twitter and Facebook that is feeding him are all foreign companies

And the Nigerian owned telecom network is just a trash. GLO can't last a day in my phone; their service is so irritating and network speed is zero.
Airtel is a better competitor but then they are not Nigerian owned too, prolly not even African.
So I love my MTN!

Have u done your KYC verification? What's your transaction limit? What is your account limit? It could be that there was a transaction that exceeded your limit.

The Rev fr might be a fraud after all

This one is not right oo. The vag!na word shouldn't offend anyone cos if u don't have it, u don't have any business where it is mentioned

Nice one

Ndibunna:
Who are they? They are constituting nuisance everywhere.

u are the worst nuisance anywhere. A nobody claiming somebody. Get a job and stop living your life on nairaland.
Don't bother to quote me I won't reply u again

Ndibunna:
Ebonyi again?

Abeg you guys should mind una business. Shuuuu

Get out abeg. U think u can talk to any Ebonyi person anyhow? Foolish idiott

But u didn't see the video of the shooting at main market??

THE DG/CEO NIMC ABUJA

THROUGH

THE HEAD IT/IDD

NIMC ABUJA

THROUGH;

THE GENERAL MANAGER OPS

NIMC ABUJA

THROUGH

THE REGIONAL DIRECTOR (OPS) SOUTH EAST NIMC ENUGU

THROUGH:

THE STATE COORDINATOR NIMC EBONYI THROUGH:

THE STATE OFFICE SUPERVISOR

NIMC EBONYI

APPLICATION FOR MODIFICATION OF DATE OF BIRTH My name is .... .... with the NIN number of write to apply for modification of my date of birth. My date of birth was mistakenly written: 05 ....... and was unnoticed by me during the registration due to my oversight.

My Correct date of Birth is ........

I havepaidthe Remita payment of fifteen thousand naira (15,000.00)which is nonrefundable payment. I will be grateful if my application merits your consideration, please.

Please find attached the copies of my:

Letter of Attestation of birth from NPopC

Remita Payment Receipt

E Voter's card

Age Declaration.

Thank you.

Yours Faithfully

Maybe nothing is real.
Maybe no one is actually ugly or beautiful; it all depends on our individual perception.
Have u noticed how people u initially thought to be very ugly and u even try to avoid them at all means turns out to be less or not even ugly at all when u become friends??

APC presidential form is #100m
Campaign/lobbying before primaries $?? B
On the day of the convention, we heard he paid up to USD2M to some governors. That about #1B. That's not for other delegates too.
Build up to the election, baba made headlines for dolling out wards of cash in different places.
In all, he may just spend about $5B on the election and you think he will just dash u like that

KunleAkingbadeh:
Good analysis!

This is how we shall be explaining fiscal policies from time to time to those obidient e-rats who approach Governance with emotions and do not know the right from the left.

If ur druglord had understood anything, he wouldn't have rushed to make a hasty vague pronoucement

I hear you have questions. So do I. What does fuel subsidy removal really mean today? How much will a litre of petrol sell for? Does Dangote Refinery make any difference? How about inflation? These are the first round of questions from President Bola Tinubu’s inaugural speech on Monday. In this article, I will attempt an answer based on the economics of fuel subsidies and the politics of the nation, Nigeria.

In an almost poetic fashion, Tinubu stood before Nigerians at Eagle Square and said “On fuel subsidy, unfortunately, the budget before I assumed office is that no provision is there for fuel subsidy. So fuel subsidy is gone.” Like magic, minutes after the declaration, fuel queues resurfaced nationwide. Prices also began to jump.

According to the National Bureau of Statistics, petrol was sold for an average of N254.06 per litre in April 2023. Today, after the speech, it sold for as high as N500, with speculations of prices going as high as N750 in the coming days. But what can we expect?

HERE’S HOW PETROL PRICING WORKS

Based on Tinubu’s speech, not much changes in the pricing template — just the subsidy bit is removed. Let me explain with lessons from the past. In 2016, when the first subsidy removal was implemented by the Muhammadu Buhari administration, the Petroleum Products Pricing Regulatory Agency (PPPRA) released its new pricing template, which showed that two components make up the petrol price: landing cost and distribution cost.
At the time, the landing cost of one litre of petrol was N119.74, while the distribution cost was N18.37 per litre. This brought the total pump price to N138.11. PPPRA mandated fuel stations to sell between N135 to N145 per litre. Here, there was zero subsidy.

Along the line, the landing cost changed, following the increase in oil prices globally. The landing cost crossed N119.74, and distribution cost was slightly impacted, and total pump price exceeded the N145 mark PPPRA had set. In order not to lose money, fuel stations refused to sell. This led to fuel scarcity. So the government quietly reintroduced subsidy and tried to keep prices at N145, by paying the excess. This was not sustainable.

So in 2021, a new pricing template was “erroneously” published by PPPRA. It showed landing cost had jumped from N119.74 to N189.61 and the distribution cost moved from N18.37 to N23, bringing the total price to N212.61 per litre at the pumps.
Government then applied some subsidy, which allowed Nigerians to buy for about N165 per litre at the time — not the market price of N212.61.

In 2023, the landing cost and the distribution cost have changed, but the biggest change has been in the structure of the state oil company, which has now become NNPC Limited, and no longer has the absolute power to fix prices. The distribution cost today should be about N30 to N35 per litre, while the landing cost is where the conversation is.

The landing cost when the last PPPRA template was published in 2021 was $561.96 per metric ton. Today, this price is between $680 and $750 per metric ton. This should naturally bring the new landing cost per litre to N266 per litre. Add distribution cost, the expected pump price should be N296 per litre without subsidy.

All of this is based on the assumption that $1 is N403.80. This brings us to the second round of questions: What did Tinubu mean by unifying the exchange rate? How much will $1 sell for at the official market? What impact will that have on fuel prices and everything else?

TINUBU’S FOREIGN EXCHANGE POLICY


The president said his government “shall ensure that investors and foreign businesses repatriate their hard earned dividends and profits home,” adding that “monetary policy needs thorough house cleaning. The Central Bank must work towards a unified exchange rate”.

This immediately signals a free market system, where the real value of the naira to the dollar is employed across board. It suggests that no one will get $1 for N461 while another gets the same for N770, which is fair. But fair has consequences; the first of which may be the pump price of premium motor spirit (PMS).

Tinubu’s FX policy will likely mean a devaluation of the naira on the official side of the market. Bloomberg had previously reported an expected 15% to 20% devaluation, which will put the naira around N530 to N550 at the official market. Others are suggesting N600 per dollar if any real unification of exchange rates will be achieved.

Whatever the case is, the final decision will impact the landing cost of petrol from the international market. This may lead to an increase of anywhere between 15% to 40%. At a 40% devaluation of the naira (from N403 per dollar), which is expected to be the worst-case scenario, a litre of petrol should sell for about N415. Hence, all the predictions of N650 and N750 per litre are quite the stretch.

DOES DANGOTE REFINERY CHANGE ANYTHING?


On a good day, yes. But maybe not the pump price of petrol. The first sure thing we can count on Dangote for is support for a reasonable foreign exchange policy. According to the Central Bank of Nigeria (CBN) figures, Nigeria spends almost $7 billion every year importing petrol, this totalled $36.3 billion in five short years.

That $7 billion in foreign exchange could be reduced to zero dollars per year — if Dangote Refinery agrees to be paid in naira. This will ease up pressure on the local currency. But will this be the case seeing Dangote took some dollar-denominated loans to fund the refinery?
The second benefit we can claim is freight cost. According to PPPRA, it cost Nigeria $22 to import one metric ton of refined oil from Europe to Nigeria. This translates to about N7 for every litre of petrol. With us buying refined petrol from Ibeju Lekki, that cost could go to near zero, further reducing pump price.

I generally recommend that we wait for clearer policy direction from the Tinubu administration, and for Dangote Refinery to sell its first litre of petrol, before we make final conclusions. I hope this helped.


Source:
https://www.thecable.ng/heres-what-tinubus-speech-means-for-the-naira-and-petrol-pump-price/amp

They should come to Ebonyi... They are selling #650-700 here

OVB123:
Chaiih, they want to kill my people in ebonyi state.

Some stations are already selling #700 this evening

NGN600 in Abakaliki, Ebonyi state

This is my $200 crypto 😭

Na drag police dey drag am so??

Ireportlive:


17% of the results where not uploaded
5% uploaded were blurry

If you generously dash Peter Obi all of Tinubu's Rivers vote 200k Tinubu still leads Atiku with over 1.6m votes

Dash Peter Obi all of Tinubu's 572k Lagos vote plus 200k Rivers vote and let's assume Tinubu had zero votes in Rivers and Lagos.. Tinubu still leads with over 1m votes

North plays a major role in who governs Nigeria


.

U no wise. Wen u "dash", u subtract the votes that were erroneously given to the drug barron

Hope u paid with ur own debit card?? Jumia only refunds to the source account

The way this Fr is ass-licking this druggie shows he's a Rev Fr indeed. APC government has been killing his people and all he does is to ass-lick them.
I lost my respect for him the very first day he campaigned for Tinubu.

A good computer operator with a sound knowledge of internet is urgently needed in Abakaliki.
Salary is negotiable

kmaster007:
I've not seen any msgs yet. Wch state are you

Ebonyi state