petesunday:
These peoplw don't know they will only make more people around the world to reject western mobile devices and replace them with alternativesfrom China. Its just like the way their attack on Russia's foreign reserve is making other countries avoid the dollar.

OBAGADAFFI:


Civilians using pagers in 2024

Oga they are Hezbollah terrorists,

DevilsEqual:


They are making it more secretive because they have bigger mischievous plans

Dangote hasnt been transparent enough to tell us his own price too....He debunked NNPC claims yet didnt state his own


In the end, i guess all this is because they are still planning to pay fuel subsidy

idahme:



Who do we believe you or the government that said they ain't paying subsidies anymore for the fuel , I guess the lying government

Ttalk:


What's the point you are making here
, Why can't NNPCL supply it's refinery since you are trying to paint NNPCL as a patriotic company

Godfullsam:

I still don't understand why other European refineries will shut down because of dangote's refinery.

Does that mean all these refineries are only supplying fuel to Nigeria?

Or is dangote planning to flood the European markets with cheaper petroleum products than these other refineries? (Which I seriously doubt)

I don't get it.

Even Nigerians who are suppose to be highest beneficiary of the dangote refinery will now be forced to buy fuel much high than the imported fuel.

Godfullsam:

I still don't understand why other European refineries will shut down because of dangote's refinery.

Does that mean all these refineries are only supplying fuel to Nigeria?

Or is dangote planning to flood the European markets with cheaper petroleum products than these other refineries? (Which I seriously doubt)

I don't get it.

Even Nigerians who are suppose to be highest beneficiary of the dangote refinery will now be forced to buy fuel much high than the imported fuel.

Zionmdde:
If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

AwkaFinest:
Was opportuned to stumble on a twitter voice feed, where some Yorubas were discussing about the Saros, Maros and Yorubas as regards to Lagos State. Funny enough the majority of the people in that group were Yorubas from Oyo, Ogun, Osun, Ekiti and Ondo.
Even though I'm not Yoruba, I felt pretty bad for the Saros, because the way these guys demonised the Saros, like they should have no say in Lagos, because they are slave returnees from Sierra Leone, after the abolishment of slave trade.

The funny part is that one GBONKA is the one leading the charge of demonising the Saros, and to make the rest see how the Saros are not Yorubas and should not be allowed to hold any meaning political position in Lagos(Yorubaland according to them).

Although there were a few Yorubas that were thinking straight and trying to let the overwhelming majority with MR. GBONKA'S ideology to think twice and understand that the Saros are now bonafide indegenes of Lagos, since they've lived in Lagos for over a century.

I only weep for the gullible ones that GBONKA and his cheerleaders are misleading to cause serious hate between Lagosians. All this nonsense stem from last election in Lagos.


Funny how someone from Kwarra or Osun can be governor of Lagos, but someone that has his/her roots in Lagos for over 100 years cannot be governor in Lagos.




Seeing this thread makes me understand the reason for that twitter discussion. And I believe the person that opened this thread is part of the GBONKA squad.

bigpicture001:


In dollars or Naira..?

Again..why is it now still so cheap...? Because he has started getting in Naira ..?

Originakalokalo:


This is good.

So, what is going on?

If 700-1000 was removed from diesel, Why is the case different for PMS ?

bigpicture001:
Nonsense paid propagandist....who told u that dollars is the reason...?

I don't know why u guyz love corruption and misinformation so so much...

Now leme get Ur head corrected and brain working...what is the price of diesel in mid March..? 1900 right..? companies were struggling ..dt was wen indomie went up to 17k ryt..?

When Dangote started his sales, what amount did it drop to...? Did I hear u say 900..? A whole 1k was removed ...now the critical questions..


Did Dangote purchase the crude he used to fall the price to 900 in Naira..? Is it not US crude paid at international in price in dollars .? Also remember , Dangote paid for import duty, paid for freight cost and insurance, and all others . So why is it still cheap ..

Did u not hear him say NNPCL Nd their cohort still refused to buy from him till this day because it's too cheap..?


Abeg, understand when u write up to get paid for Ur monthly stipend, but don't com here and assume that PPL here are all morons...

Get a real job!!!!

Kobojunkieee:
The Federal reserves was at $34.5 billion or thereabout in April of 2024. The government announced several times since then that it had risen by about $500-$600 million since then. So, how come 5 months later, it remains at $36.8 Billion? Clearly, the government has dipped into the reserves since after it took almost $1.2 Billion out to shore up the Naira.

Nigerians, make una shine una eyes oo! This government is of lies and propaganda!

Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar bond.

The gross FX reserves increased from $36.24 billion on September 2, 2024, to $36.87 billion by September 12, 2024.

This is according to the latest data on the reserves from the Central Bank of Nigeria (CBN).

This growth reflects the positive impact of domestic dollar bond at boosting the nation’s reserves.

What the data says
On September 2, 2024, the country’s reserves stood at $36.24 billion. Over the course of the following 10 days, this figure saw steady growth, eventually reaching $36.87 billion by September 12, 2024.

The first notable uptick occurred between September 2 and September 3, 2024, when the reserves rose from $36.24 billion to $36.27 billion, reflecting a modest increase of approximately $30 million.

This growth continued over the next few days, with the reserves standing at $36.30 billion by September 4 and reaching $36.33 billion on September 5. These incremental gains suggest a sustained flow of foreign exchange into the country.

By September 6, 2024, the reserves had risen to $36.39 billion, marking a more significant increase as the CBN’s bond strategy gained traction. The rise between September 6 and September 9, when reserves hit $36.64 billion, reflects a particularly strong phase of accumulation. This $250 million growth over a weekend suggests robust demand for Nigeria’s dollar bond and reflects increased liquidity entering the financial system.

The trend continued into the second week of September, with reserves reaching $36.73 billion on September 10, before climbing further to $36.81 billion on September 11. The largest single-day increase occurred between September 11 and September 12, 2024, with reserves jumping by $54.4 million, culminating in the final figure of $36.87 billion.

What you should know
Nairametrics earlier reported that Nigeria’s FX reserves have dipped by about $505.68 million (1.37%) in August 2024.

The dip represents the steepest monthly decline in Nigeria’s forex reserves since April 2024.

However, this increase can be attributed to Nigeria’s recent domestic bond issuance, which was aimed at attracting foreign capital and improving reserve levels. The rise in reserves comes at a critical time for Nigeria, which has been grappling with economic pressures, including the need to support the naira amidst global currency fluctuations.

Nigeria successfully launched its first-ever domestic dollar-denominated bond, seeing over $900 million in subscriptions.

The $500 million bond, coordinated by the Africa Finance Corporation (AFC), marks a pivotal moment in Nigeria’s economic development and highlights the growing confidence in the country’s capital market.

The five-year bond, which was issued at par with a 9.75% annual coupon, witnessed a 180% subscription.

This overwhelming interest from investors highlights the strong domestic confidence in Nigeria’s economic growth prospects, as well as the strategic role of the AFC in deepening the domestic capital markets.

According to a statement from the AFC, investors for this bond issuance ranged from local Nigerians and non-Nigerians residing in the country to Nigerians in the Diaspora and major institutional investors.

The bond will be available for trading on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited (FMDQ Exchange), providing a significant boost to the liquidity of Nigeria’s financial markets.

Ojuntana:

Seems you guys are shameless
Imagine a man that has four cows going to beg for meat from a man with one and you say nothing wrong with that
What exactly are you defending?

Ojuntana:
Shame on NNPCL
4 refineries and they are lining up trucks at a private refinery
NNPCL should be scrapped