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Autos / Honda Crv 2007 Model, Tokunbo, Lagos Cleared 6500 Millage,60L (3.5) by salauwale(m): 1:40am On Sep 22, 2017
2007 Honda CRV (Wine Red) TOKUNBO, cleared via Lagos port with 65000 millage. The car is extremely, extraordinary clean and in good perfect condition, First Body Car, AC chilling, clean fabric interior design, 60L Engine nothing to fix in it, just buy and drive car, pls serious buyer only should Contact; 2348035618731, Adeyemi (Location:Lagos)

Career / What's A Day At Your Job Usually Like ??? by salauwale(m): 8:32am On Apr 28, 2017
Tech support

E.g;

IT Service Manager

Resume work before 9
Power on system and see pile of emails/tickets of what has gone wrong overnight
Talk to people in the department, check on the Service Desk support
Call ISP to complain about internet downtime or slow performance
Get a coffee / tea and donut
Sit down and go through emails, raise new RFCs for weekly CAB
Boss calls me, heaps a load of shit for me to do before project meeting
Call 3rd party vendors and complain about what happened overnight
Couple of project meetings
Lunch then meeting with vendor / suppliers
Project trackers, update calendar for scheduled outages,
Go online, browse Linda ikeji, nairaland for latest gist in town (most other social media are blocked)
Chase Finance on releasing POs
>Go home
Technology Market / Deleted thread by salauwale(m): 10:27am On Apr 01, 2017
Deleted advert
Foreign Affairs / Re: Protest Across US Airports As Trump Bans 7 Muslim Majority Nations (photos) by salauwale(m): 1:10am On Jan 30, 2017
President trumps response to the #Muslim ban.

Politics / Re: What Events Do You Think Stand Out In Th Story Of Nigeria In 2016??? by salauwale(m): 6:52pm On Dec 14, 2016
The inflation rate at the moment is killing I have to say. The surge in the prices of goods is also a major highlight.
Politics / What Events Do You Think Stand Out In Th Story Of Nigeria In 2016??? by salauwale(m): 5:51pm On Dec 14, 2016
Good or Bad, one major highlight in Nigeria this year?
Computers / Re: Huawei USB Modem Unlocker - Download Here! by salauwale(m): 8:07am On Dec 08, 2016
(Swift 4g )Huawei lte cpe e5172
Model: e5172s-920
IMEI: 860453022193817
Someone help with unlock code, THANKS!!!!
Phones / Re: 6 Reasons Android Will Always Be More Popular Than Apple's Ios by salauwale(m): 10:20pm On Dec 04, 2016
We can't even have a civil discussion about phones without calling names. SMH

1 Like

Business / Re: An Overview Of The Oil Market, OPEC, USA And Global Recession (pic) by salauwale(m): 8:30am On Dec 01, 2016
Cc @lalasticlala , @seun
Business / An Overview Of The Oil Market, OPEC, USA And Global Recession (pic) by salauwale(m): 8:26am On Dec 01, 2016
An overview of the oil market, OPEC and global recession. (Pics)

This is my view from following the story for sometime now not an expert opinion if have made mistake please point out the ignorance don't let it spread:

USA
Roll back a couple of years,the oil industry is booming a barrel of oil sold over a 100 dollars per barrel and demand was very high then United States develops a new technology to extract oil called fracking. This leads to an oil boom in the United States driving the price of gas/petrol down locally. Previously, the United States had a law preventing oil exportation because of some artificial scarcity influenced by OPEC in the late 70's but this oil boom changed all of that so president Obama signs a bill lifting the ban on oil exportation hence, the USA reduced importation from countries like Nigeria and also became an exporter. The USA has the largest oil reserve, produces about 7million barrels per day (mb/d) and increasing but consumes twice that.

CHINA
The manufacturing company of the world whose economy has being rising progressively for over a decade plus suddenly shows a sign of decline hence, the need for less oil. The USA and China are the largest economies in the world and the largest importers of oil in the world. Together they account for about 40 percent of the global consumption of oil.

IRAN
Since the Iranian revolution of 1979, (Argo ft Ben affleck depicted scenes from that revolution) the United States had being imposing various sanction on Iran. Their uranium enrichment program aimed at developing nuclear arms further worsened matter as the UN even toughen sanctions on them in 2006 which affected their oil supply. Fast forward 2014 president Obama starts negotiating a peace talk with Iran to dismantle their nuclear research in exchange for a lift on sanctions, a deal was reached in January 2016 and Iran started to contribute about 4 mb/d.

RUSSIA
After the Russia Annexation of Crimea in Ukraine, there's being a lot of power play between the west led by USA and the UN against Russia. Various sanctions have being imposed on them since them. Russia being the second largest producer of oil about 10 mb/d behind Saudi Arabia 11 mb/d. The Russian economy is very similar to that of Nigeria being largely dependent on oil. And the purpose of sanctions is basically to hurt the economy so yes, lower price of crude oil is impacting on the Russian Economy.

There are also Syria, Libya, Nigeria and Iraq whose oil production is or was being hit by terrorism who are currently just recovering but those are not major players with the exception of Iraq who produces about 4 mb/d.

LOWER DEMAND
The cases of China and USA the big economies has led to a reduction in the demand for oil. Global warming / climate change and the move to renewable energy is also affecting the global demand for oil. Hence, demand is falling.

EXCESS SUPPLY
With the development of fracking and the entrant of USA as a supplier, countries led by Saudi Arabia have taken steps to protect their market share by effectively increasing their supply of oil which In turn forces the price down and as such, countries producing at higher cost like the USA cannot compete in the market.
Cost of production in the USA is about 50 dollars meanwhile in Saudi Arabia and most middle eastern countries it's about 20 dollars. This tactics coupled with the sanction lifted in Iran, stability in Iraq and Libya have recently pushed the supply of oil from about 25 mb/d in 2010 to presently about 34 mb/d.

OPEC TODAY.
Some hours ago, Russia (300 thousand bpd) and OPEC (1.2mb/d) agreed to cut supply by 1.5 mb/d for 6 months which has caused a rise in the price of oil from about 40dollars to 50 dollars. There's an argument in which artificial scarcity or hoarding as opposed to a system where the free forces of market demand determines the price of a commodity but politics or standard aside, most of these countries need money Nigeria being one and they need that excess profit on oil and that's all that needs to be said about the deal.

FORECAST
There's a possibility that as price rises, the frackers in USA an economy that is least dependent on oil will kickstart production that has being hit by the low prices which has caused many rigs to be shut across the USA. This will eventually knocks off the effect of the OPEC deal on the long term.
Also, relationship between the west (USA/UN)and Russia is yet to improve so lower oil prices and a bad Russian economy is still good news to the west
The currency of the world really is oil, it's all about the big oil industries and the biggest players are Saudi Arabia and Russia. With the incumbent trump administration, ties are likely to change from anti- Russia to pro Russia which in turn will be good news but there's also a possibility of anti-Saudi Arabia which will in turn take us back to square one but these are just speculations, Only time will tell, when this recession will end.
#One love

Business / Re: OPEC Agrees To First Output Cut In 8 Years by salauwale(m): 4:48am On Dec 01, 2016
Reduction of about 1.2 million barrels per day. The production cut is exclusive of Nigeria and Libya. The deal has already seen the price of crude oil rise above 50 dollars. 55-60 dollars is the forecasted equilibrium. But the deal would only be in place for 6 months.

5 Likes

Travel / Re: Nigerians To Pay VAT On International Passports – FIRS by salauwale(m): 9:24am On Nov 29, 2016
"So if you reside in Nigeria and you are benefiting from being a Nigerian resident, it is only fair that you contribute to the system that makes you enjoy that standard of living.’’

Can you believe anyone would say this about a country where every fundamental amenities of life is epileptic. SMH
How do they get appointed self. I think he disillusioned, what country does he think he's the tax master of

4 Likes 1 Share

Travel / Re: Nigerians To Pay VAT On International Passports – FIRS by salauwale(m): 9:16am On Nov 29, 2016
richidinho:
We have been subsidizing this govt since 2015, yet nothing to show forrit, uhn!

We pay extra N60 per litre of pms

We pay N50 per N1000 deposited into our own acct ooo

We pay extra N65 in each 3 withdrawals

Very soon they want us to start paying for every calls that exceed 3mins

Now this


Don't forget data tax my brother. Taxification truly not diversification

7 Likes

Phones / Re: What Exactly Is The Function Of NCC? by salauwale(m): 8:22am On Nov 29, 2016
steppin:

I would have to sign the petition, but it's a waste of time. It doesn't work, at least not in Nigeria.
We can try bro keep hope alive. Let's change the change
Phones / Re: What Exactly Is The Function Of NCC? by salauwale(m): 8:20am On Nov 29, 2016
Fellow Nigerians we need to do more than just comment on nairaland about this matter . Internet/online business is the single opium of boys in a economy ravished by unemployment and this guys wants to make that even harder. Let your voice be heard. We need to trend this online let the world know how hard this government wants to make life for Nigerians. Tax is ok but not in this hardship and recession will a government generate revenue at the expense of its poor masses it's just unfair. Let's take the rant to twitter and express our dissatisfaction. Someone propose a hashtag. We can do it !!!!!!!!!!

4 Likes 1 Share

Romance / Re: Sneakers On Agbada! See The Viral Photos Of These English Demons by salauwale(m): 7:32pm On Nov 27, 2016
makydebbie:
gringrin
You're all talk no action. O tie le
Romance / Re: Sneakers On Agbada! See The Viral Photos Of These English Demons by salauwale(m): 8:55pm On Nov 26, 2016
makydebbie:
I'll wear sneakers on iro and buba to church tomorrowundecided
I dare you to!!!!!!!!!
Foreign Affairs / Deleted thread by salauwale(m): 10:30am On Nov 11, 2016
Deleted
Romance / Re: Guys, What Do You Want??? by salauwale(m): 1:00pm On Oct 08, 2016
I want OP cool
Religion / Re: Why No Christian Lady Should Ever Marry An Atheist!! by salauwale(m): 8:04am On Oct 08, 2016
What interests me most about this thread is how people seem to think you need a religion to have a moral compass. SMH.

2 Likes

Religion / Re: Why No Christian Lady Should Ever Marry An Atheist!! by salauwale(m): 7:59am On Oct 08, 2016
shadeyinka:


I agree with you on some points religion didn't have to wreck a relationship however it has a strong probability of causing serious crises.

If a Christian find herself marrying an atheist, the bible do not support divorce so, she must learn to live with whatever consequence that may come up without throwing up a fuss.

Religious views are radical by their nature..it is people -theists who are not radical. The Bible equivocally says that one should not marry a non believer. However, the bible also says if you had marry an non-believer, you must NOT divorce him because of that.

If aChristian girl will violate the first command because she doesn't really subscribe to what her religion says..do we say thatshe is really practicing her faith?

Love isn't a feeling
Love is a choice
You have said it all, religious views are radical by their nature . That's taking the bull by the horn I agree with you 100%. But don't forget about grace, it supersedes commands don't it?
Love to me ain't a choice but that's a discussion for another thread
Religion / Re: Why No Christian Lady Should Ever Marry An Atheist!! by salauwale(m): 7:17am On Oct 08, 2016
shadeyinka:


Religion is a big big flashpoint except if one of the parties don't care how the children are raised. This singular point will wreck their beautiful marriage.

Love alone is not sufficient o!
I beg to differ. I already have a religious wife a religious kid isn't anything special especially when I know my children won't go to school and put atheist down as their religion. But they are kids, young and impressionable if you had told a 13 year old me I'll be like this now I'd tell you check again. Why am I not bothered? he'll grow up and learn to make up his own mind and unlearn all the santa and tooth fairy stories and if he sticks to his faith, that's his choice am perfectly cool with. We can all get along but you know what, we won't if we keep preaching radical religious views.
In this case love really is enough
Mod: am in a religious family and it hasn't wrecked my family.

7 Likes 1 Share

Religion / Re: Why No Christian Lady Should Ever Marry An Atheist!! by salauwale(m): 4:20am On Oct 08, 2016
shadeyinka:


I must confess that I respect you and your fiancée for your discission to marry each other. I am not a pessimist but, the only way your marriage will last is either you become a Christian or she becomes an Atheist.

One of the strong flash point you will encounter is children upbringing.

Ask her if she wouldn't mind that you raise some of your children as Atheist and checkout her reply.

If she says its OK with her, then know for sure that she is either not a Christian or she has an ulterior motive for loving you.

Would you mind if she raises your children as "Christians "? If she is a Christian as you say, she would not be comfortable with the idea that her children will be lost in eternity.

I am a marriage counselor. Love and understanding is necessary for a good Marriage but communication sustains it. Have you done the necessary communication? You'll thank me later.

My Respect Sir
Ma'am, most atheists were raised as believers. They still grew up to be atheist. i don't think that's an issue at all

1 Like

Romance / Re: Deleted Thread !!! by salauwale(m): 10:53pm On Oct 06, 2016
Loyalblak007:
No
anytime soon, it will happen. quote me grin

1 Like

Romance / Deleted Thread !!! by salauwale(m): 7:00pm On Oct 06, 2016
Deleted Thread !!!

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