Kaymansion:
Money is good mehn.. but how Otedola come look like one of the Dangote's aide

Kaymansion:
Money is good mehn.. but how Otedola come look like one of the Dangote's aide

Lexusgs430:


Are you thinking, what I am thinking.............

It begins with a K.......

Tunde835:
That's why women aren't held in high regards. They are very shallow and short sighted. They'll never be there while you're working for the money but when you blow and become successful, they all want to identify with you

osamz007:
BILLIONS OF DOLLAR IN ONE PICTURE

Abdulazeez99:

Meanwhile, Dangote Group has suggested for inclusion in the Petroleum Industry Bill a provision that the licence to import petroleum products should be assigned only to companies with active refining licences.

The company said this would encourage investment in local refining.

KingMack:




To give you one blow free of charge dey hungry me

JidennaJason:
I hope the daughters of Eve won't upload another billionaire's Yansh in the coming weeks.

DO THE MATHS
Behind the hype, is Dangote’s refinery a game changer?
Posted on Friday, 10 January 2020 16:07, updated on Tuesday, 14 January 2020 12:02

Is the refinery a cure-all?
To understand why Dangote’s Refinery may not deliver the hoped for structural changes, we must first run through the basic figures that tell the story of Nigeria’s trade balance and its internal petroleum consumption:

According to the Nigerian National Petroleum Corporation (NNPC), the country’s daily petrol consumption comes to 51 million litres.
Using the standard measure of 47% petroleum motor spirit (PMS) per 159-litre barrel of crude oil according to the U.S. Department of Energy,

This means that Dangote’s Refinery must process about 471,500bpd to satisfy Nigeria’s internal demand.
What happens to export earnings?

The problem is that if the feedstock for Dangote’s refinery comes from local oil production, as the chief of the state oil company has promised, then it will eat into Nigeria’s export cargoes and revenues.

Nigeria’s 2019 crude oil production averaged 2,037 million barrels a day (b/d)

The 2019 average international crude oil price was $64 per barrel.
If the refinery satisfies Nigeria’s internal demand, it would save over $8.7bn. That’s how much the country spent on fuel imports in 2017.

That sounds great, but what about the opportunity cost? By allocating over 470,000 b/d of locally-produced crude oil to the refinery, the state oil company is losing about $11bn of forex earnings a year. That’s almost a quarter of the country’s current forex earnings. Nigeria would be losing $11bn to save $8.7bn.


https://www.theafricareport.com/21854/behind-the-hype-is-dangotes-refinery-a-game-changer/

doffman:
Vanity

doffman:
Vanity

buckeyemedia:
Poverty?

winterfell007:
I wonder why this man keeps making the rounds in the media , it's not as if he's still a dollar billionaire. New guys who are quieter have taken over the reins

Spending123:




Stop typing trash cos poverty is also vanity upon vanity.

fati2001:
[s][/s]
so what about Mrs dangote?
by the way you respond is out of point.