This is the most horrible TV channel commentator I have ever listened to in my life.

Everything in US and in Canada is money! You pay to live, and now, death has a price!

aariwa:
Mynd44, fergie001 , Seun- rule 2 and 3 broken

Continue crying 😭 even in x the whole world has known how devilish you are

PDPGuy:
A FB buddy (in her early 30s) said she usually spends a minimum of $2,000/month on grocery and dining out 🤯

People get money for this country sha!

$2k on grocery and dining out? Is she obese? Just 1 person

Abeg let her remain a FB buddy o. No go wife am

MorrisonAutos:
MORE PICTURES...

1m, serious buyer

OP is 100% correct

Spain only got enduring peace when King Ferdinand picked up arm against the ravaging Islamic jihadists. How they have forgotten too soon is an aberration.

The Dangote oil refinery is set to put an end to the monthly importation of an average of 1 billion litres of premium motor spirit in Nigeria.

This was as the Chairman of the Dangote Group, Aliko Dangote, revealed that Nigeria would end petrol imports the moment the refinery started selling the product in June.

PUNCH had earlier reported that the country’s monthly petrol import was reduced by about 1 billion litres after President Bola Tinubu removed fuel subsidies in June, according to a report by the National Bureau of Statistics.

The NBS report indicated that the country received fuel importation of 2.09 litres in January 2023, while 1.99 billion litres was imported in February of the same year. It was 2.29 billion litres in March; 1.91 billion litres in April and 2.01 billion litres in May last year.

However, our correspondent observed that the quantity of PMS imported in June, the first post-subsidy month, dropped to 1.64 billion litres.

The downward slope got deeper in July when the import was reduced to 1.45 billion litres.

Speaking at the Africa CEO Forum Annual Summit in Kigali, Rwanda on Friday, Dangote expressed optimism about transforming Africa’s energy landscape.

According to him, following the laid-down plans of the Dangote refinery, Nigeria will no longer need to import petrol starting next month.

Dangote also stated that his refinery can meet West Africa’s petrol and diesel needs, as well as the continent’s aviation fuel demand.

He said, “ Right now, Nigeria has no cause to import anything apart from gasoline and by sometime in June, within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop of a litre,” he declared.

He added, “We have enough gasoline to give to at least the entire West Africa, diesel to give to West Africa and Central Africa. We have enough aviation fuel to give to the entire continent and also export some to Brazil and Mexico.

“We have started producing jet fuel, we are producing diesel, and by next month, we’ll be producing gasoline. What that will do, it will be able to take most African crudes,” Dangote told the panel.

The Dangote refinery also struck a crude oil supply deal with TotalEnergies

Dangote’s 650,000 barrels per day refinery has been trying to secure crude supplies from the United States following the inability of Nigeria to ramp up production.

The refinery, which is the largest in Africa and Europe when it reaches full capacity, has since commenced the sale of diesel and aviation, but its petrol is yet to hit the market.

A few days ago, the company had put out a tender for two million barrels of West Texas Intermediate Midland crude every month for a year starting in July.

In April, Dangote crashed the price of diesel from around N1,500 to N1,000 per litre.

However, Nigerians were eagerly waiting for petrol, which is the major fuel used for transportation and alternative power generators.

The words of Dangote appeared to have come as a soothing balm to marketers and Nigerians, who are yet to fully recover from the recent fuel scarcity that almost grounded the economy.

In an interview with our correspondent, the National Vice President of the IPMAN, Hammed Fashola, told our correspondent that the Dangote refinery can supply fuel to Nigeria and West Africa.

“We are happy about it and I believe it is possible when you consider the capacity of the refinery. Due to the capacity, I think the Dangote refinery can satisfy our needs as far as petroleum products are concerned, especially petrol. He can even satisfy other West African countries. It is good news,” Fashola stated.

The IPMAN leader expressed the eagerness of marketers to start lifting fuel from the refinery, saying, “We are all waiting, we are eager for the commencement of the lifting on petroleum products from Dangote refinery, especially petrol”.

Asked if the marketers were expecting a price cut like it happened when the refinery started selling diesel, Fashola retorted that the price may not go back to the N200 per litre that it was before the removal of fuel subsidies, but there would be a marginal reduction.

“On price, I don’t want to predict, but when you look at it from the angle of common sense, the price cannot come back to our old price, but I believe there should be some changes in terms of price because when you look at other factors associated with imported petroleum products, there are some costs that will be cut off, not the major ones; but I believe there will be a little price difference,” he maintained.

The marketer stressed that the private refinery would put an end to fuel scarcity in Nigeria as the product would no longer be imported.

Meanwhile, Fashola explained that IPMAN as a body is yet to have an agreement with the Dangote refinery on the supply of premium motor spirit, calling on the company to consider working directly with the association instead of individuals.

He noted that IPMAN should be a beautiful bride before Dangote for being in control of over 80 per cent of the filling stations in Nigeria.

In a recent interview with our correspondent, the Executive Secretary of the Major Energies Marketers Association of Nigeria, Clement Isong, disclosed that MEMAN members have registered with the Dangote refinery.

“We have all registered with Dangote so that we call buy and sell. All my members are registered with Dangote. Whenever the product is ready and starts coming out, you will see it in our filling stations.

“I confirm that my members have registered with them. We were waiting for the production to start and now it has started and they will start discussing the commercial terms.

“So now the commercial terms will be agreed with each marketer and then they will buy from them. There are several ways you can buy from them. They have loading ranks, over 90, so you can take your truck to go and pick. You can also use vessels to pick. Those are the two ways you pick products,” Isong said.

On pricing, Isong noted, “The price should be the market price because you need to recover your cost and capital, then repay your loans. I don’t know what the market price will be, but I know that with my international experience in the economics of petroleum, nobody does this business to make a loss”.

In January, the Dangote Group confirmed the registration of oil marketers as its distributors, stating, “Three prominent associations, that constitute 75 per cent of the total market in Nigeria have been registered. The Depot and Petroleum Products Marketers Association of Nigeria, the Independent Petroleum Marketers Association of Nigeria, and the Major Energies Marketers Association of Nigeria”.

The Nigerian National Petroleum Company Limited has been the only company importing PMS in Nigeria, capping the price of the product below the cost.

During an energy conference in Abuja recently, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, opined that Nigeria does not need to import fuel, expressing concerns that the bulk of the country’s foreign exchange goes into fuel importation.

“We must find a solution to our forex problem. Nigeria does not need to import fuel. We should free our scarce forex for other sectors of the economy. I am aware that the bulk of our forex goes to the importation of refined oil products.” Lokpbiri stated, expressing optimism that home-based refineries would put an end to fuel importation.

Meanwhile, Nigerians are expressing mixed reactions about the refinery; while some are glad, others said they are tired of waiting.

Source: https://punchng.com/Marketers-demand-bulk-supply-as-Dangote-ends fuel-import-June

Beverlyjean:


Seun...u need to ban this tribalist for a very long time ... this is pure tribal hate... the ugly tribal monster is gradually coming back to this forum

Nlfpmod dominique Obinoscopy

Ritualist can't get to the level of presidency in Nigeria, better for Biafra,look at Nigerian wannabe so you're not ashamed

It’s good for a woman to have sense before bringing a baby to this world. Oh, how terrible would it is for a lady to lack sense!

onatisi:

You all are getting this thing wrong. Seyi didn't want this,this thug openly challenges the authority of the governor ,when the governor said he should work with other union members , he said no.
This is a thug that has been constituting nuisances all over Oyo State to the extent of killing a young man at Iwo road who was to travel to USA within days , why are t you all talking about all this ?
This thug convoy always causes damages to people and Oyo residents cars when passing ,his convoy is just or even more the governor own .
This same thug openly threatened to kill senator teslim .Seyi cannot allow a riffraff like this guy to spoil all his good effort ,work and name in Ibadan and Oyo State politics as a whole

You are a real resident of Oyo State Ibadan that knows what is really going on

Spain only got enduring peace when King Ferdinand picked up arm against the ravaging Islamic jihadists. How they have forgotten too soon is an aberration.

That name Tinubu is synonymous to . . . . . . . . . . . . . .

airmark:


Not 115 charges.

You got a transfer ban, Your team is currently under FA investigation

Beverlyjean:


Seun...this is another racial slur...calling a whole tribe ritualists... this will appear on twitter... Nairaland again and tribalism

Are you not ritualist,if 90% if a tribe are into ritual what does that mean

Dayokunu1:
Baba if u got no solution too my problem u fuckoff mention didn't tell u too come and be crying more than me.

It's you and your visa agent who will solve your problem, not me!

Please I need your help and suggestions
I want to travel to Canada as a visitor
And I don't have any invitation I just want to go there and spend quality time.
I have enough fund to fund my trip.
Will my visa be deny because I don't have any invitation?

Khanben:


OKC is way ahead of schedule. Presti and co are building something legit. I just hope management doesn't Penny pinch again this time.

They definitely are. Which I don't like cause it makes the WC tough Everytime. I want an easy ride to the finals like my G LeBron had it for like 10 years

Sorry, just had to throw one or two in

A vawulence thread spotted! Where’s that meme?

abc115:

Largest Rice Mill in Nigeria begins bagging in Lagos to produce 5 million bags of 50kg rice at full capacity. It's called Eko Rice and will create loads of farming jobs for Paddy rice farmers . Eko Oni Baje O!

https://twitter.com/OvieNews/status/1605233191803314176

Bump.

That's the largest rice mill in West Africa (if not in Africa at full capacity).

Jamie248:


Your brain is dead

You meant Igbo brain is finished due too much ritual.
Animal.

ChizzyBuna:
Mbaka looking like Nollywood Evil Spirit

Must you be stupid all the time,?

May your day remain blessed
Forward ever,, backward never
May you never lack
You shall be prosperous
You will always succeed in life
What ever you Kay Hand on in good shall flow well
May your xup never runs dry...

Get more packed powerful content.. click on the link below 👇💯

Dayokunu1:
Is the bolded possible? Explain pls.

It's simple: just go back to the airport and tell one of the border immigration officers to quit his job so you can take over since you need money urgently!

You are the one paying for it; therefore, it would be foolish not to know the history of a car before buying it. I’m not talking about cars!😄

It is only in a country like Nigeria where grass cutter can talk.

Magnumproperty:
Person wey find soldier trouble go later pay the price

but boko boyz and dirty Fulani bandit Dey price dem dem no born they’re papa well to talk

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donlittle25:
Say what

OKC is way ahead of schedule. Presti and co are building something legit. I just hope management doesn't Penny pinch again this time.

Viva Espana! 🇪🇸🇵🇸🇿🇦