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Politics / Re: NNS Thunder And NNS Aradu Are Different Ships In Nigerian Navy by Biodun556(m): 6:59pm On Dec 22
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Politics / NNS Thunder And NNS Aradu Are Different Ships In Nigerian Navy by Biodun556(m): 6:59pm On Dec 22
Some people were confused that NNS Aradu was renamed NNS Thunder by Goodluck Jonathan. This is not true. The names stand for two different ships.

NNS Aradu is out of service and is undergoing upgrade in Turkey while NNS Thunder is still in service in the Nigerian navy.

https://www.defenceweb.co.za/featured/nigeria-signs-agreement-with-turkeys-dearsan-for-the-upgrade-of-flagship-nns-aradu/

Foreign Affairs / Re: Pope Calls Gaza Airstrikes 'cruelty' After Israeli Minister's Criticism by Biodun556(m): 3:41pm On Dec 22
Israel will witness another Holocaust. It is inevitable.

37 Likes 8 Shares

Celebrities / Re: Mikel Obi Explains Encounter With 2baba by Biodun556(m): 6:45am On Dec 22
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Celebrities / Mikel Obi Explains Encounter With 2baba by Biodun556(m): 6:45am On Dec 22
Mikel Obi has finally addressed the controversy surrounding his encounter with 2baba in London. In a candid response, Mikel shared his side of the story, revealing a complex history between the two.

Mikel explained that he and 2baba grew up together in Jos, with 2baba achieving fame before him. Despite reaching out to 2baba multiple times, Mikel claimed that his messages went unanswered.

However, when Mikel's own career took off, 2baba suddenly acknowledged him in a London mall. Mikel expressed his skepticism about 2baba's intentions, suggesting that his newfound recognition was motivated by Mikel's success.

Mikel emphasized that he values authenticity and has no tolerance for "fake friends" or "pretenders." He prefers to surround himself with people who accepted him before he gained fame, and he prioritizes maintaining his own lane for the sake of peace.


https://www.facebook.com/100066509348301/posts/pfbid0vKYiGfAGwJgvs5xEPKJ9RPxWF28B5Wq7LnXGKEdkTGbpK5fQSFrpawn3AC2Aaew1l/

1 Like

Politics / Re: Dangote Partners MRS To Sell Petrol At ₦935/Litre Nationwide by Biodun556(m): 5:33pm On Dec 21
cool

No amount of export can be like Nigerian market

No alternative to Nigerian market

20 Likes

Politics / Dangote Partners MRS To Sell Petrol At ₦935/Litre Nationwide by Biodun556(m): 5:32pm On Dec 21
The Dangote Refinery said it is partnering with MRS to sell Premium Motor Spirit or petrol at ₦935 per litre nationwide at its retail outlets.

The development comes after the Nigerian National Petroleum Company Limited also slashed prices below ₦1,000 per litre.

In a statement posted on his social media account on Saturday, also said the President of the Dangote Industries Limited, Aliko Dangote commended President Bola Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to a reduction in prices of petroleum products in the country.

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre
” the statement added.

This price has already commenced in Lagos, and it will be offered nationwide from Monday.

In the statement, Dangote called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high-quality petrol at cheaper prices.

“Our aim is for all Nigerians to have ready access to high-quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.”

In September, the Federal Executive Council (FEC) under the leadership of Tinubu approved the sale of crude to local refineries in naira and the corresponding purchase of petroleum products in Naira.

The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

https://www.channelstv.com/2024/12/21/dangote-refinery-partners-mrs-to-sell-petrol-at-%e2%82%a6935-nationwide/?fbclid=IwY2xjawHT1GtleHRuA2FlbQIxMQABHSAbpzPdQql-_uSOhRL94FH9w2cRxTbQALcOcns1UEKGRerCFDohDdMFOQ_aem_cHUphXf7N2Unqu7fzzFl9g

10 Likes 2 Shares

Politics / Re: Oil Marketers Reduce Petrol Price To ₦‎939.50 Per Litre by Biodun556(m): 6:17pm On Dec 20
hisgrace090:
Will fg agree is the question.


What concerns FG with petrol pricing?

42 Likes 5 Shares

Islam for Muslims / Re: Harnessing The Blessings Of Harmattan For Increased Worship by Biodun556(m): 3:13pm On Dec 20
Jazakumulahu khairan

1 Like 1 Share

Religion / Re: Jesus Was A Jew And Never A Christian - Reno Omokri by Biodun556(m): 10:03am On Dec 20
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Religion / Jesus Was A Jew And Never A Christian - Reno Omokri by Biodun556(m): 10:02am On Dec 20
Dear Ibe,

Thank you for your feedback. This is why Paul wrote that we should 'study' Scripture. It is because you do not study Scripture that you are unaware of the fact that ALL of the Gospels were written AFTER Paul, not before Paul. The New Testament is not arranged in chronological order.

Paul's letters were written before the books of Matthew, Mark, Luke and John. The first books of the New Testament to be written are Galatians and 1 Thessalonians.

Paul did not quote any of the gospels because they did not exist in his lifetime; they were written AFTER his death.

The earliest gospel, the Book of Mark, was written about ten years after Paul. Paul was not even aware of these books (Matthew, Mark, Luke, and John).

I urge you to assume I am a liar and fact-check me.

There is hardly a place mentioned in Scripture and the New Testament that I have not visited for research and study. I do not think that there are any of these places that I haven't visited physically. I did not go there for tourism but because I was propelled by the love of God to dig for the truth.

By the grace of God, I visited John Rylands University to study the oldest existing New Testament fragment on Earth.

When Paul used the word 'Scripture' in 2 Timothy 3:16, he was referring to the Jewish Scriptures.

Paul was never a Christian. Towards the end of his life, he described himself as a Jew-Acts 22:3.

Yeshua, Whom you call Jesus, was also never a Christian. He was a Jew, and even these Gospels record that in John 4:22. Peter, believed to be His successor, was also never a Christian. He self-identified as Jewish in Acts 10:28.

Yeshua is not God and never claimed to be God. He is from God. He is the Way to God. But He is not God.

You ought to understand that when the missionaries brought their brand of Christianity to Nigeria, they were preaching to illiterates who accepted what they said unthinkingly, and then passed it down to their children, and it continued until it got to us.

Our forefathers could not "study to show yourself approved". But we can. Not everything the missionaries taught was correct. Much of it was dogma, which is denominational propaganda.

Thanks again, and may God bless you.



https://www.facebook.com/100057351074401/posts/pfbid02yeJR9ST2ZC8VpU2WhmCDpX41aY7Hp3NZd86HzuqM8sySiNYhBAjzNNEoSGpTG8ugl/?app=fbl
Car Talk / Re: Toyota Corolla Or Toyota Camry Which Is The Best? by Biodun556(m): 8:15pm On Dec 19
Good2go1:
Have you cash out of Tinubu’s government?

grin
Car Talk / Toyota Corolla Or Toyota Camry Which Is The Best? by Biodun556(m): 7:20pm On Dec 18
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Politics / Re: Disbar Dele Farotimi - Afe Babalola Tells LPDC by Biodun556(m): 12:46pm On Dec 13
The old man is wicked


Lawyers don't want people to do to them what they do to others
Business / Re: Victims Explain Why Igbo Apprenticeship System Is Failing by Biodun556(m): 3:56pm On Dec 12
Yoruba hand work is now the best. Yoruba value hand work aside education

5 Likes 1 Share

Business / Re: Naira May Hit ₦1,200 — Black Market Operators by Biodun556(m): 8:17pm On Dec 09
God bless Tinubu

God bless Nigeria

64 Likes 8 Shares

Business / Naira May Hit ₦1,200 — Black Market Operators by Biodun556(m): 8:15pm On Dec 09
•USD now N1,500, may hit N1,200 —Black market operators

There are indications that the newly introduced foreign exchange market system by the Central Bank of Nigeria, CBN, is the driving force behind the recent massive appreciation of Nigeria’s local currency, the Naira, against the world’s major currencies.

Bankers who spoke to Vanguard attributed the appreciation of the Naira to the Electronic Foreign Exchange Matching System (EFEMS), which commenced last Monday.

In a circular directing banks to go live in the use of the Bloomberg BMatch as the Electronic Foreign Exchange Matching System (EFEMS) for trading activities in the forex market effective December 2nd, 2024, the CBN said: “Banks are strongly advised to liaise with Bloomberg representatives to expedite the onboarding process and address any technical or operational concerns promptly.

“The CBN will deploy its regulatory power to enhance the implementation of this directive and reserves the right to impose sanctions when necessary.”

For the first time since May 2024 the Naira recorded five consecutive days of appreciation across all segments of the foreign exchange market last week. It closed at N1,535 and N1,555 to one USdollar in the official (otherwise known as the Nigerian Foreign Exchange Market, NFEM) and parallel market (otherwise known as black market) respectively at the weekend.

Impact of new e-Forex system
Providing insight on the impact of the new forex system, a bank executive who spoke to Vanguard on condition of anonymity said: “The system seems to be quite good. It seems to be achieving its goal as you get a feel of where the market is, real time.

“People are putting up orders on the system, matching trades and helping with market colour. It looks and seems to be good and the Naira has appreciated since its launch. CBN also intervened using the system.

“Time will tell if the market appreciation can be sustained. But there will definitely be some equilibrium down the line.”

Following this development, the margin between the parallel market and NAFEM rate narrowed to N20 per dollar from N118 per dollar as at close of trading last weekend.

Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria, CBN, showed that Naira has gained It also represents N168 or 9.8 per cent appreciation from N1,720 per dollar previous week’s closing rate, the largest weekly gain since this year.

Naira appreciates to N1,550/$ in parallel market

Data from FMDQ showed that the naira suffered sustained depreciation this year in the official market moving from N907.11 per dollar in January 2024 to N1,520.4 per dollar by May; N1,603.8 per dollar in July and N1,730 per dollar in October. The trend reversed to N1,600 threshold in the same month through November.

The rate of depreciation was worse in the parallel market where it hit as low as N1,775/$1 at end of November, 2024.

Black market operators give insight

Black market traders noted that the continuous daily appreciation of naira in the parallel market was due to availability of dollars which has even made individuals struggle to sell.

One of the operators, Mr. Yakubu Giwa said: “Today (last Saturday) the Niara stood at N1,500 per dollar. We black market traders are struggling to sell what we bought.

“The current appreciation of the Naira is as a result of activities such as people in the diaspora returning home, and those in the country are spending their money on food items and other preparations for the festive season. This is so every year during this period.

Those in the diaspora are also sending money to their families and relatives in Nigeria resulting in more inflows.

Individuals with dollars are bringing it out seeing the intense appreciation going on now but many are unable to sell it because those in the business are still struggling to sell theirs.

The market dealers are also afraid of bearing losses because the naira might appreciate to N1,300 or N1,200 per dollar before next weekend. So they are cautiously buying dollars.”

Apart from the dollar, the exchange rate of other foreign currencies and prices of commodities like gold are also going down.

Mr. Umoru Yahaya, another black market trader and gold seller, said: “Apart from the appreciation of the naira against the dollar, it is also appreciating against the pound sterling, euro, and other foreign currencies.

“Yesterday I traded sterling at around N2,200, today (last Saturday) it is around N1,700.

“Look at the value of gold that was N150,000 per gram two weeks ago. It has also dropped to N120,000 and going to N115,000 per gram as of today.

“The price of silver per gram now is N20,000 per gram, we sold for N50,000 per gram two weeks ago.

“Those harbouring dollars in their houses are unable to sell it because of the appreciation pressure that has made many of us very cautious of the quantity of dollars we buy so as not to be on the losing side.

“This morning the dollar traded for as low as N1,500 per dollar and before the close of the day it might reach N1,450 per dollar “

https://www.vanguardngr.com/2024/12/why-naira-is-in-massive-recovery-race-across-all-markets-by-bankers/

15 Likes 4 Shares

Foreign Affairs / Re: Turkey Would Determine Whether Assad Fall Is Good News For Israel by Biodun556(m): 3:19pm On Dec 09
sunboy:


Assad is Alawite, which is even a minority in Syria. He’s not Shiit.


Alawites are parts of Shiite subgroups

Make your findings well
Foreign Affairs / Massive traffic jam as Syrians Flock To Capital, Damascus (pic) by Biodun556(m): 12:54am On Dec 09
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Foreign Affairs / Re: Turkey Would Determine Whether Assad Fall Is Good News For Israel by Biodun556(m): 8:29pm On Dec 08
oz4real83:
this was only before this current war which is 2019. In this current war, Turkey has been neutral and has tried several times to broker peace between them. You can't be providing support for Ukraine and at the same time broker peace between Russia and Ukraine, Russia won't listen to such peace effort.


I said recently, you said current war is it not the same

And of course, it is same war since 2019, it has not stopped
Foreign Affairs / Re: Turkey Would Determine Whether Assad Fall Is Good News For Israel by Biodun556(m): 7:42pm On Dec 08
OkpaNsukkaisBae:
Which turkey🇹🇷? The one buying Russian S400 air defense system to protect her troops? Abi e get another Turkey wey you dey talk about?


It is not new

US relied on Russia rocket engines for decades
Foreign Affairs / Re: Turkey Would Determine Whether Assad Fall Is Good News For Israel by Biodun556(m): 7:39pm On Dec 08
oz4real83:
You and your lies again shocked. Everybody knows that Ukraine is still being able to fight Russia today majorly because of American support, remove this support and Ukraine won't last a week against Russia. Ghadaffi is dead all because of France and their allies, not because of Turkey supporting any rebel forces shocked


You're not current


Search internet


American full support only started recently


It was Turkey that help Ukraine destroyed large convoy of Russian forces trying to be siege Ukraine capital with drones
Foreign Affairs / Re: Turkey Would Determine Whether Assad Fall Is Good News For Israel by Biodun556(m): 6:42pm On Dec 08
One of the reasons for rebellion against Assad is because he belongs to shiit and majority of Syrians are Sunni Muslims


Assad and his father had ruled Syria for over 50 years so people are tired of their dynasty
Foreign Affairs / Turkey Would Determine Whether Assad Fall Is Good News For Israel by Biodun556(m): 6:41pm On Dec 08
Turkey is major back bone of Syria rebels from the beginning till Assad exit.



Israel has not stopped bombing Damascus despite Assad exist. Some Syrian territories have also been taken by Israel. These will be new challenges for new government that will succeed Assad.


All militants groups and countries supported by Turkye have been winning wars in the last 20 yrs. Examples

Azabaijan victory over Romania

Libyan UN recognized government victory over rival rebels backed by Russia


Most Ukraine resistance against Russia was due to Turkish support

Somalia government was able to resist Alshabab due to Turkish military support


And now Syrian opposition militant victory over Assad regime
Foreign Affairs / Assad Feared Dead As His Plane Lost Signal by Biodun556(m): 2:31pm On Dec 08

Foreign Affairs / Re: Assad Rule Ends In Syria by Biodun556(m): 7:04am On Dec 08
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Foreign Affairs / Assad Rule Ends In Syria by Biodun556(m): 7:04am On Dec 08

Foreign Affairs / Re: Syrian Rebels Reach Damascus by Biodun556(m): 12:58am On Dec 08
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Foreign Affairs / Syrian Rebels Reach Damascus by Biodun556(m): 12:57am On Dec 08
Foreign Affairs / Re: NEW DEVELOPMENT:Israel Announces Massive West Bank Land Grab by Biodun556(m): 11:31am On Dec 07
If they justify land grabbing, how is Hamas resistance wrong?
Politics / Re: The Naira Today Appreciated To N1,555 Per Dollar In The Parallel Market by Biodun556(m): 11:06am On Dec 07
Nigeria should continue to appreciate to reduce inflation

2 Likes

Politics / The Naira Today Appreciated To N1,555 Per Dollar In The Parallel Market by Biodun556(m): 11:05am On Dec 07
The Naira today appreciated to N1,555 per dollar in the parallel market from N1,685 per dollar on Thursday.




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