How we wish this would work for Nigeria. don't forget our petrol imports is tied to the proceeds of the exports which makes available the forex used to import.

Will falling oil prices, it means our forex inflow would reduce hence less forex available to import new supplies would not be available after we exhaust the old supplies.

Another thing of note is other sectors dependent on China for raw materials or finished products ....many of the manufacturing companies have been shut down meaning no new order would fulfilled anytime soon due to the coronavirus scourge.

dre11:


https://punchng.com/expected-petrol-pump-price-drops-to-n114-53-per-litre/

Maxymilliano:
Law of demand and supply hardly works in Nigeria

Actually it works. But only to move prices in the upward direction. We have our own economic laws here.

Maxymilliano:
Law of demand and supply hardly works in Nigeria

It works, only for increment but never decreases.

petitejolie:
and i gave you a sarcastic and rhetorical answer na. Do u av a monopoly of sarcasm and rhetorics?

Really,??
You did?
I will catch you next time.

CharleyBright:


Really,??
You did?
I will catch you next time.

catcherlemon

This is not a good news at all. Coronavirus has fvcked up the whole world economy.

Maxymilliano:
Law of demand and supply hardly works in Nigeria

Even Law of gravity.

Buhari and his gang are coded criminals

To God Almighty... Please help us and forgive us of our wrong doings,for we don't knows what we are doing, please grant us your Children peace in our heart, joy in our soul and a change spirit, so things don't fall apart. Please grant to us your Children the wisdom and understanding to discover a cure for this unseen illness knows as Covid-19, because is a treat to mankind and everything we stand for. As we speak some are dying of it and other of various diseases which we are yet to discover a cure for. Please don't turn your face against us. We need you now more than ever... Thank you God Almighty for you'll do it again... Amen...

cRobo:
A blessing?

Not so sure

A global economic meltdown is approaching guys because of this coronavirus

Prepare yourself, save and own a business now

Job losses is inevitable

Well

I won't say a word

Own a business ?

If this epidemic goes on rampage the only medium of exchange would be food and medicine ,farmers are gonna score big time.

The suburbs of any city will be the only refuge survivors can stay, cities will become empty, your money won't hold any value. Pray it doesn't come, the epidemic of typhoid, malaria n tuberculosis kept alot of land Invaders away from settlements.

petitejolie:
catcherlemon

C’est d’accord avec moi, mademoiselle.

Not in Nigeria.

NNPC Don Hear

cRobo:
A blessing?

Not so sure

A global economic meltdown is approaching guys because of this coronavirus

Prepare yourself, save and own a business now

Job losses is inevitable

Well

I won't say a word

Stop saying this dumb sh!t

Millz404:


Stop saying this dumb sh!t

I can't remembering mentioning your moniker in my post

Never mention me again in your life


enough words said

cRobo:



I can't remembering mentioning your moniker in my post

Never mention me again in your life


enough words said

Another dumb sh!t...

Millz404:


Another dumb sh!t...

I have realize that nairalander prefer engaging in verbal insults but thats not my thing rather I will ask you to stay off my mention

So henceforth

silence and NO attention is what a fool like you deserves

Above all

I won't say a word to you again

cRobo:


I have realize that nairalander prefer engaging in verbal insults but thats not my thing rather I will ask you to stay off my mention

So henceforth

[s]silence and NO attention is what a fool like you deserves[/s]

Above all

[s]I won't say a word to you again[/s]

Even your insults are dumb as Fvck....Stop spamming nairaland with stupid sh!ts that makes no sense. I will keep mentioning you anytime you say something and stupidly end it with I won't say a word. That doesn't make any sense, but i guess you are too dumb to realize that.

abegi let China fire the whole versions of the viruses at once, let everything scatter, those who survived will start from afresh.

So if we’re to follow ur figures so, the government is intentionally scamming us are the facts on ground! Why is it not reflecting on our fuel pumps na? So since last year November these pipo have been chopping life at our expense! Pls someone, anyone with thunder’s new number?

if you guys expect petrol prices to drop, why are you then so against complete deregulation, which would have ensured a price drop?

If FG has been subsidizing Nigerian's when the going was good, then Nigerian's should subsidize FG now that the going is bad and FG has significantly lower revenues. If I were the FG, I wouldn't reduce any price!!

It's either we want deregulation or not!! There should be no eating the cake and having it as well.

As for diesel, it will come down in a few weeks. There is usually a few weeks lag between international price reduction and impact on the pump here in Nigeria because we import. Last time when crude prices crashed in 2015, diesel dropped to as low as N150 per litre.

Woleett:
So this awa oyel is gradually losing value and relevance each year. Nigeria obviously needs to dumb that shit and start looking into agriculture as ASAP

Agriculture to is shit, we should look towards industrialization.

CharleyBright:


C’est d’accord avec moi, mademoiselle.

il vaut mieux etre

petitejolie:
il vaut mieux etre

Tu es drôle mademoiselle Petitjolie

Ogbunigwe2018:
It’s the opposite that will happen.

Yes Yes

In Nigeria?!!!

CharleyBright:



Tu es drôle mademoiselle Petitjolie

merci