The Naira tanking back down to the 1,400s to $1 demonstrates what some of us have been saying. Seeking a falsely “strong” currency when the fundamentals are out of whack is shadow chasing. The focus should be on the STABILITY of the exchange rate, not a populist exchange rate
Nigerian politicians will steal in Naira and convert the loot to dollars immediately.
The Commandant General of the NSCDC, Ahmed Abubakar Audi alone allegedly diverted 7.5 Billion Naira over a period of 5 days.
The entire amount that’s was shared to contractors account that…
I worked on some rigs in Nigeria (the names were Durga 1, 2 … 5). They were managed by Indians and there was segregation right there at the rigs.
They had Indian only and Nigerian canteens.
Since I preferred Nigerian food anyway, I wouldn’t have cared but I fought with
I worked on some rigs in Nigeria (the names were Durga 1, 2 … 5). They were managed by Indians and there was segregation right there at the rigs.
They had Indian only and Nigerian canteens.
Since I preferred Nigerian food anyway, I wouldn’t have cared but I fought with
It seems our fellow inhabitants are out in the news.
I’m eager to see how that pans out. With those guys, the more you see, the less you understand.
Interesting..
Doc, the activities in Kolmani haven't stopped, this I can assure you. In fact, I was part of a meeting that is asking our company to engage in QA/QC of some of the activities. There is a significant progress in the appraisals, and immediately the deal on FTSA is concluded with…
Doc, the activities in Kolmani haven't stopped, this I can assure you. In fact, I was part of a meeting that is asking our company to engage in QA/QC of some of the activities. There is a significant progress in the appraisals, and immediately the deal on FTSA is concluded with…
Are you a graduate of petroleum engineering or geology/geophysics, completed NYSC & has 1st class or 2.1, and interested in 1 year internship with a multinational company? Pay can reach N150,000 monthly, (with no accommodation) and you can be posted to Warri or Benin city?…
BREAKING: Israel is now dropping bombs on Palestinian civilians hiding in tents in Rafah, the last place of shelter in Gaza.
Read that again: Families seeking refuge in tents are under attack.
This is not “self-defense.”
This is terrorism.
After paying the highest Minimum Wage in the country at N40,000 since May 1st 2022, we have decided to make another adjustment.
In our efforts to make life and conditions better for our workers despite the challenging economic environment, the Edo State Government has decided…
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It’s important people understand how fuel supply/distribution works. This old video of CUIO did justice to the topic.
NNPCL said the issue that caused the tightness has been resolved but don’t expect the fuel queues to vanish in a day. It doesn’t work that way.
Corruption is the biggest threat to the Naira/USD exchange rate stability. Fundamentally, the Naira remains undervalued, but corrupt officials don’t care about fundamentals. The rate doesn’t matter to them.
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