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Nairaland Forum / Higgs's Profile / Higgs's Posts
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Politics / Re: Why I Resigned As Minister Of Power - Barth Nnaji by higgs: 10:09pm On Mar 01 |
GEJ and his funny "privatisation " in the electricity sector |
Family / Re: Three Men Fight Over Baby In Ibadan by higgs: 9:50pm On Mar 01 |
None of them is the father |
Crime / Re: IBD Dende Threatens to Kill Customs Officer for Seizing His Smuggled Goods by higgs: 9:27pm On Mar 01 |
This is one of the reasons for the weakness of the naira. Government can not reduce fx demand by banning importation of frivolous items because smugglers will still flood the country with those items. |
Politics / Re: Biafra: Show Evidence Of Your Project In Southeast – Omirhobo Challenges Gowon by higgs: 6:24pm On Feb 26 |
His people in Plateau are really enjoying Nigeria 3 Likes |
Foreign Affairs / Re: Pakistani Wearing Dress With Arabic Print Almost Lynched To Death For Blasphemy by higgs: 10:19am On Feb 26 |
This is scary 7 Likes |
Politics / Re: Hardship: Customs To Distribute Seized Food Items Nationwide by higgs: 7:49pm On Feb 20 |
The collective IQ of this government us quite low. |
Sports / Re: List Of Highest Goal Scorers & MVPs Of Every African Cup Of Nations Tournament by higgs: 5:58pm On Feb 17 |
Rashidi Yekini,our best striker ever. 8 Likes 1 Share |
Politics / Re: Crackdown On "Hoarding" Will Frighten Investors - Peterside by higgs: 8:24pm On Feb 16 |
Confused government. You want forces of demand and supply to determine value of naira but You don't want the same forces to determine price of cement, rice,flour etc |
Politics / Re: Niger Bans Bulk Sale Of Food Items, Orders Confiscation Of Trucks Carrying Food by higgs: 6:09am On Feb 10 |
You are banning the sale of food in bulk? Another crazy decision. |
Politics / Re: Adamawa: Fintiri Bans Transport Of Construction Materials To Cameroon by higgs: 7:35pm On Feb 09 |
How can a governor ban legitimate trade? Is it illegal to export goods from Nigeria to Cameroun?One of the problems we have in Africa is that trade among African countries is low and this guy wants to make it worse . The Cameroonians pay for the goods with their hard earned Cfa which we can also use to purchase goods from them if we wish.What this guy is trying to do is to make his people poorer by robbing those who depend on trade with Cameroun of their means of livelihood. Many of our so called leaders actually lack a good understanding of economics and how an economy works. |
Politics / Re: NGX’s Growth: Nigerians Are Poorer Under Tinubu's Government – Ndubuisi Ekekwe by higgs: 8:07pm On Jan 22 |
Fx foward that CBN may default on upon maturity? Truth234: |
Romance / Re: Confirm HIV Status Of Your Side Chics — NSCDC To Nigerian Men by higgs: 5:41pm On Jan 14 |
He should face his main job function. More Nigerians are dying of insecurity now than HIV. |
Business / Re: Dangote Refinery Begins Operations by higgs: 9:55pm On Jan 12 |
Dangote is the greatest Nigerian that has ever lived,not any politician 4 Likes |
Politics / Re: Nasara James Dabo With IQ In Top 1% Globally: Hailed By Shehu Sani by higgs: 9:15pm On Jan 11 |
She can be a doctorand still be a researchscientist, the two are not mutually exclusive.Let her follow her passion. SmartyPants: 1 Like 1 Share |
Politics / Re: Bloomberg Predicts Naira Will Record Worst Performance In 25 Years In 2024 by higgs: 11:38am On Dec 30, 2023 |
The loan from Afrexim bank will certainly help.However,increased crude oil production is very important. Security is also very important so that farmers can safely work in their farms as this will reduce food importation.Even if Dangote buys crude oil in USD,there will still be a net reduction in fx demand due to associated freight charges and when his refinery achieves steady state and is producing at close to full capacity, he will start exportation which will still improve the fx situation. The naira will be strong and stable if Nigeria can be self sufficient in food and fuel but that requires good governance. [author=pipnator00 post=127692484] Hope you are aware crude oil sellers insists they will only sell in USD to Dangote refinery? This increases the pressure on Naira unless Dangote refinery produces excess for export. Nigeria still has backlog of oil futures to fulfill plus, the backlog of USD belonging to foreign companies like Emirate airways and the rest which Nigeria is yet to clear because Nigeria have borrowed heavily against the external reserve and the reserve can't cover the backlog. ***Not an advise but I read somewhere here that AFRI-EXIM bank is gonna lend Nigeria some FX to clear those backlogs. (They will lend us more FX which in turn increases our FX denominated debt (pressure to the naira) and also our overall debt. This is like taking Panadol to suppress a headache that is destined that we MUST suffer) If that happen, it means Naira will gain. Just wait for naira to hit resistance and start loading up Naira sell. Naira will hit NGN2500 before then end of 2024.[/quote] |
Politics / Re: Bloomberg Predicts Naira Will Record Worst Performance In 25 Years In 2024 by higgs: 11:22am On Dec 30, 2023 |
You are correct about everything You have said except mentioning the PH refinery. Dangote refinery will definitely be productive and contribute to our economic recovery.But You see all those government refineries, they will eventually be sold as scrap.When will Nigerians eventually understand that government cannot manage refineries etc? Hell,even their core responsibility of providing security and infrastructure, they are failing greatly at it. Faiththatworks: |
Politics / Re: Our Love Story Was That Of 'love At First Sight' - Akeredolu Widow by higgs: 6:48pm On Dec 28, 2023 |
Take heart Madam. 2 Likes |
Food / Re: See Variety Of Nigerian Soups. (pictures) by higgs: 6:44pm On Dec 28, 2023 |
Wow.@MariaAngel,did You cook all these? |
Travel / Re: Airpeace Defends allegation of Fare Disparity In Parts Of The Country by higgs: 10:48am On Dec 25, 2023 |
They should modify the system so that there is a price cap.Or are they saying that during periods of low demand,the price of tickets can also fall without limit? |
Foreign Affairs / Re: US Senator's Aid Filmed Having Intimacy At US Senate Hearing Room by higgs: 11:33am On Dec 17, 2023 |
Disgusting maggot |
Business / Re: Dangote Refinery: Diesel, Jeta1 Hit Market January, Petrol Delayed by higgs: 10:59am On Dec 11, 2023 |
No,all products are not run in one swoop.Infact,the fraction from the distillation column that can be used as petrol is usuallyof low octane rating.Refineries usually blend it with products from Reforming units and cracking units to get good petrol. SalamRushdie: 1 Like |
Health / Re: US Approves First Gene Therapies To Treat Sickle Cell Patients by higgs: 1:25pm On Dec 10, 2023 |
This is great news.New treatments/drugs are usually expensive but with time,the costs will gradually come down. |
Career / Re: What Are Your Experience Working With Indian Managers by higgs: 6:34pm On Dec 04, 2023 |
GOD BLESS YOU.You just said the simple truth. Most Nigerian workers are morally impaired. ultron12345: |
Politics / Re: Gov. Soludo Visits Island Town Of Olumbanasa In Anambra West by higgs: 9:01am On Nov 26, 2023 |
Soludo is doing very well 1 Like |
Health / Re: I Tricked My Guy Into HIV Oral Test And This Is Now Happening by higgs: 4:37pm On Oct 28, 2023 |
Gay men and HIV is like beans and rice 5 Likes |
Travel / Re: JAPA Fever Among Nigerian Youths by higgs: 9:23pm On Sep 12, 2023 |
The write up is very balanced.I agree with what she is saying. Even if You disagree with the Op,be civil about it.No need attacking or insulting her. |
Politics / Re: Por Harcourt Refinery Rushes To Meet December Deadline, Serious Work Going On by higgs: 10:15am On Sep 10, 2023 |
It is sad that Nigerians are so easy to deceive.Government should stop spending money on these refineries. Billions of USD have already been spent on them without results. After the rehabilitation, the refinery may work but for how long? Government has no business running refineries and other process plants, especially in a country like Nigeria. Production should be left for the private sector. What government needs to do is to improve security and infrastructure and encourage the private sector to build more refineries so that Dangote will not be a monopoly in the Downstream sector. Portharcourt refinery and other FG refineries should immediately be privatised. |
Politics / Re: Perish Idea Of Military Government, Its Return To Anarchy – Rufai Oseni Warns by higgs: 9:16am On Sep 03, 2023 |
No Igbo man is calling for military rule.Some of You on nairaland will not think straight because of your hatred of the Igbos.Everything on this platform is about tribe.Shameless people. |
Politics / Re: Tinubu Extols Pastor Adeboye's Virtues At 81 by higgs: 7:06pm On Mar 02, 2023 |
Fake men of God |
Crime / Re: My Sister-inlaw Was Gunned Down By Thugs At A Polling Station In Benin (Photos) by higgs: 5:26pm On Feb 27, 2023 |
Sad.Tinubu wants to become president over the corpses of innocent Nigerians |
Politics / Re: Tinubu To Lagosians: Be Calm, Maintain The Peace by higgs: 3:11pm On Feb 27, 2023 |
Labour Party must insist that elections still be held in parts of Lagos where thugs prevented people from voting or snatched ballot boxes.Tinubu lost Lagos by a far wider margin than was declared. |
Politics / Re: Police React To Alleged MC Oluomo’s Viral Video Threatening Igbos by higgs: 2:56pm On Feb 26, 2023 |
If Nigeria is one,then people are free to do business anywhere they like Supporting violence makes You an animal. Lets hope this situation does not degenerate. Yamiriflathead: |
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