50% of the price of oil derivatives on the market is covered by subsidy

With the price of oil falling from high above to just 20 dollars approaching 10 dollars
Nigeria consumption cost per barrel of oil has significantly dropped hence relieving 50% more money for them.

they dont even need to turn to their reserves.



If you want to know how much money they are saving from the subsidy program, just do a simple calculation.

rvp20182:
show us how much Nigeria has saved? I found 1.5B dollars from selling all that oil. That will be whipped out in single forex trading window. Their forex reserves is how many months of imports?

Forex reserve before this crisis peak was already dropping
Nigeria’s external reserves recorded a decline o f $2.3bn from $38.59bn to $36.22bn within a two-month period, covering January 1 and March 5 this year.

Naira devaluation coming
https://www.bloomberg.com/news/articles/2020-03-09/oil-dive-may-force-nigeria-to-devalue-naira-as-reserves-dwindle

XhosaNostra:


How the hell is Sho Madjozi Tanzanian born wena? 1st it was Mbeki, now Sho Madjozi (whose music I don't even like, btw). Stop claiming our people & our things

Why now? I like her John Cena album.
Also, Master kg skeleton move cus of Zanda Zakuza's great voice.

Hey Kazikazi, I like Vanessa mdee too from TZ.

nisai:
Why now? I like her John Cena album.
Also, Master kg skeleton move cus of Zanda Zakuza great voice.

Hey Kazikazi, I like Vanessa mdee to from TZ.

It's just not my cup of tea. I tried listening to her songs, but they do nothing for me, unfortunately.

XhosaNostra:


Not in my neck of the woods, thank goodness. I believe he said he's somewhere in Jozi, inducing migraines since the time of arrival, no doubt

I will tell something about kenyans. ..we hardly talk bad stuff about our host country...

nisai:
Why now? I like her John Cena album.
Also, Master kg skeleton move cus of Zanda Zakuza's great voice.

Hey Kazikazi, I like Vanessa mdee to from TZ.

Master KG is bawse

I'm currently obsessed with this song by him


[
https://www.youtube.com/watch?v=AGGburk--oU]

XhosaNostra:


It's just not my cup of tea. I tried listening to her songs, but they do nothing for me, unfortunately.

No p. I trust your taste though.

vaxx1:
yes but not in luxury goods . America still produce the leading luxury goods of the world. debt isn't necessarily bad for anyone particularly if the debt are used for what will financed itself in the future . remember all debt owned by Americans are in dollars not yuan or pounds sterling . meaning , America can decide to print more money and pay it out by fixing the taxes on his wealthy population thereby maintaining a stable inflation

America economy going into halt is something that is far from happening. probably not in our time .

yes especially in luxury goods


To China, US is just a food producer.

The debts of the US is not being used to build it production capacity but to finance wars and bubbles.
That is why they cant pay their debts of 23 tr.

Printing more money will be the death of their economy
Just incase you dont know what printing more money will do to the US economy, you can find them anywhere you look to what happens when more money case few goods.

From there, everything is a domino effect

vaxx1:
Your brain is paining you. Do you know US consumer market is larger than China’s despite having significantly fewer people. . therefore America big market remain America itself before any other nation

China became the world largest consumer market last year.

mtisTheQubit:

What am saying is that China is becoming a big market for American goods...look at iPhone. .look at tesla...chinese are becoming wealthy..

By the way my brain is ok

China is already the world largest market

XhosaNostra:


Master KG is bawse

I'm currently obsessed with this song by him


[
https://www.youtube.com/watch?v=AGGburk--oU]

Yea he is good. Glad you like him.

samorobo:


No I am saying cos it is ugly.. simple...

You probably like fat fugly women as well

samorobo:


I am.attempted to admire that plate number but then you know what to do to get my admiration for that plate number.....till then we are stucked with admiring that beautiful sedan car.....

Dont need your reply

mtisTheQubit:


I will tell something about kenyans. ..we hardly talk bad stuff about our host country...

Hmmm...is that so? I find Kenyans a bit competitive, tbh. Several times I've come across Kenyan comments on YT, always claiming they could do something South Africans are doing, better I'm not sure where the competition is coming from because we're not about that life, we march to the beat of our own drum.

nisai:
Yea he is good. Glad you like him.

Yeah, unfortunately he's underrated over here.

Just40:
CHINA today have more billionaires than India and the US combined

Fact ..

XhosaNostra:


Hmmm...is that so? I find Kenyans a bit competitive, tbh. Several times I've come across Kenyan comments on YT, always claiming they could do something South Africans are doing, better I'm not sure where the competition is coming from because we're not about that life, we march to the beat of our own drum.

Problem with kenyans is we a little bit competitive . ..the only reason kazi"s folks don't like us..

mtisTheQubit:

Problem with kenyans is we a little bit competitive . ..the only reason kazi"s folks don't like us..

Must be an East African thing because Tanzanians & the rest are just as competitive. Someone will just blurt out of the blue how "better" their country is etc...like we care

mtisTheQubit:

Actually boss our swahili is more easier than yours..you guys are stuck with words even I don't understand.. do you Iknow I use Google translator for some swahili words..

We are the founders of Swahili,its a mother tongue to most of us.Swahili has too many vocabs,you can't know most of them because it is not your mama tongue.
Let me teach u..

Password= nywila
Keyboard= kicharazio
Scanner= mdaki
Mobile phone=simu tamba
Smart phone=simu janja
Business card= kadi kazi
Certificate= cheti/astashahada
Diploma=stashahada
Degree=shahada
Masters = shahada ya uzamiri

Kazikazi:
We are the founders of Swahili,its a mother tongue to most of us.Swahili has too many vocabs,you can't know most of them because it is not your mama tongue.
Let me teach u..

Password= nywila
Keyboard= kicharazio
Scanner= mdaki
Mobile phone=simu tamba
Smart phone=simu janja
Business card= kadi kazi
Certificate= cheti/astashahada
Diploma=stashahada
Degree=shahada
Masters = shahada ya uzamiri

@ bolded. What does your name mean?

Just40:
yes especially in luxury goods


To China, US is just a food producer.

The debts of the US is not being used to build it production capacity but to finance wars and bubbles.
That is why they cant pay their debts of 23 tr.

Printing more money will be the death of their economy
Just incase you dont know what printing more money will do to the US economy, you can find them anywhere you look to what happens when more money case few goods.

From there, everything is a domino effect

I guess China is strong enough to stop using the Us dollar in international trade? . till then , I see them not getting closer. the largest export of America is its currency and that has entrapped the whole world. USA prints dollar bills to buy goods that other countries produce. It can do that because nobody dares to stop using US dollars in international trade between independent countries. For example, Iraq was destroyed after it tried to sell oil in Euro instead of US dollars. Though this might not continue forever. but I guess it is not going to stop soon.

Any country that produce more than it consume will naturally prosper, meaning USA debt remains not an issue now . the debt burden can be shift further to the next generation if the current generation failed to honour it.



war itself is a good buisness and America is purely benefiting from it.

XhosaNostra:


Must be an East African thing because Tanzanians & the rest are just as competitive. Someone will just blurt out of the blue how "better" their country is etc...like we care

Kenyans do that?...
Ok about us an our neighbours, we like south Korea an them are like north Korea. .

mtisTheQubit:

Kenyans do that?...
Ok about us an our neighbours, we like south Korea an them are like north Korea. .

I've only met like two Kenyans here & no, they were not like that. Possibly because they were trying to get into our pants Online though, I've seen another side to Kenyans.

LMFAO

Problemkid1:
You mean this Lagos

why showing us ugly round about. Okay, I will regard the third and the last pic as one of your best Lagos-at-night caption
Can it stand this. Upperhill, westlands and Old CBD at night.

XhosaNostra:


I've only met like two Kenyans here & no, they were not like that. Possibly because they were trying to get into our pants Online though, I've seen another side to Kenyans.

LMFAO

The pants I wouldnt mind...you have sexy gals..

Anyway kenyans online are toxic lot an that's why I don't participate on that bs. ..I don't even know why am here..ths thread is like got naija juju

vaxx1:
I guess China is strong enough to stop using the Us dollar in international trade? . till then , I see them not getting closer. the largest export of America is its currency and that has entrapped the whole world. USA prints dollar bills to buy goods that other countries produce. It can do that because nobody dares to stop using US dollars in international trade between independent countries. For example, Iraq was destroyed after it tried to sell oil in Euro instead of US dollars. Though this might not continue forever. but I guess it is not going to stop soon.

Any country that produce more than it consume will naturally prosper, meaning USA debt remains not an issue now . the debt burden can be shift further to the next generation if the current generation failed to honour it.



war itself is a good buisness and America is purely benefiting from it.

Yes China can stop trading in dollars and crash the entire global economy and cause more pain for everyone but they are wise and have choosen a gradual elimination of the dollar.

China created the Shanghai international energy exchange to shortchange the dollar.
China is Saudi Arabia biggest customer and can require to buy SA oil in any currency that it want and SA will have no option.

Just40:
Yes China can stop trading in dollars and crash the entire global economy and cause more pain for everyone but they are wise and have choosen a gradual elimination of the dollar.

China created the Shanghai international energy exchange to shortchange the dollar.
China is Saudi Arabia biggest customer and can require to buy SA oil in any currency that it want and SA will have no option.

Chinese plans are usually long term..can take years or even decades...an ths the reason Americans don't understand them..

mtisTheQubit:

The pants I wouldnt mind...you have sexy gals..

Anyway kenyans online are toxic lot an that's why I don't participate on that bs. ..I don't even know why am here..ths thread is like got naija juju

You guys are very gentlemanly with the ladies, I'll give you that. Those guys were really sweet & fun to hang around with. All he got was a kiss though, but I should have given him more LMAO. Really great guy.


Hahaha. The banter of this thread is amusing at times, but it bores me personally after a while. I'm surprised you guys are still at it even now, tbh.

Just40:
Yes China can stop trading in dollars and crash the entire global economy and cause more pain for everyone but they are wise and have choosen a gradual elimination of the dollar.

China created the Shanghai international energy exchange to shortchange the dollar.
China is Saudi Arabia biggest customer and can require to buy SA oil in any currency that it want and SA will have no option.

customer pricing system in Chinese currency require a financial system which China doesn't have. it is not as simple as anybody may think, Saudi Arabia will still prefer to have its cash receipts in dollars instead of China yuan. China will need to developed a robust financial system stronger than the USA to support it. but let any country that called for other currency apart from USA currency prepared for America millitary guys .

XhosaNostra:


You guys are very gentlemanly with the ladies, I'll give you that. Those guys were really sweet & fun to hang around with. All he got was a kiss though, but I should have given him more LMAO. Really great guy.


Hahaha. The banter of this thread is amusing at times, but it bores me personally after a while. I'm surprised you guys are still at it even now, tbh.

Kenyan men are real getlement. .no fakes..we love our ladies...no need of show off while a nigga got nothing..that I despise alot..a man should be real..

The thread is funny sometimes but not always...I feel it needs more lassies...the only gal here is you, ednited an Sammy

XhosaNostra:



@ bolded. What does your name mean?

Kazikazi is a slang.it usually mean anything which is very usable or anything which is working great or anything which is really loaded.
E,g...
This phone is greatly useful= hii simu, kazikazi