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Nairaland Forum / Nairaland / General / Politics / Dangote reduced diesel to 940 per liter (2445 Views)
Again, Dangote Crashes Diesel, Aviation Fuel Prices To ₦940, ₦980 Respectively / Petrol Landing Cost Hits N1000 Per Liter Mark / I Miss Buhari, Nigeria Man Cries Out After Buying Fuel For 600# Per Liter (2) (3) (4)
Dangote reduced diesel to 940 per liter by Biodun556(m): 10:57am On Apr 03 |
19 Likes 1 Share
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Re: Dangote reduced diesel to 940 per liter by Biodun556(m): 10:57am On Apr 03 |
1 Like |
Re: Dangote reduced diesel to 940 per liter by successmatters(m): 10:57am On Apr 03 |
Pumping propaganda is a full time job Despite all your efforts to use threats, fears and psychology to push Dow the cost of FX, it has stabilized and is trying to turn and head up again. So keep spewing the propaganda, people will be looking at your face while the FG is defending FX with scarce resources, they can even borrow more and defend naira, just to save face. Continue. 16 Likes 3 Shares |
Re: Dangote reduced diesel to 940 per liter by Biodun556(m): 11:04am On Apr 03 |
successmatters: You have eyes you don't see. You better go and sell your dollars 10 Likes 4 Shares |
Re: Dangote reduced diesel to 940 per liter by shortgun(m): 11:25am On Apr 03 |
What happens with the new govt policy that every foreign currency earned by Nigerians or Nigerian owned companies must be converted to naira? 2 Likes |
Re: Dangote reduced diesel to 940 per liter by Biodun556(m): 11:46am On Apr 03 |
shortgun: Dangote exports some of the refined oils to foreign countries. Definitely, he would operate foreign account in dollars. What ever his company needs to buy abroad it would be from the dollar account domicile abroad 6 Likes 2 Shares |
Re: Dangote reduced diesel to 940 per liter by ElSudani: 11:49am On Apr 03 |
Dangote was a major forex earner for Nigeria even before he started the refinery. 8 Likes |
Re: Dangote reduced diesel to 940 per liter by Biodun556(m): 11:50am On Apr 03 |
ElSudani: I disagree He buys huge amount of dollars from CBN from time to time. 6 Likes 2 Shares |
Re: Dangote reduced diesel to 940 per liter by ElSudani: 11:52am On Apr 03 |
Biodun556: You can disagree all you want but that is the truth. 4 Likes |
Re: Dangote reduced diesel to 940 per liter by richie240: 11:54am On Apr 03 |
6 Likes 2 Shares |
Re: Dangote reduced diesel to 940 per liter by Aboks(m): 11:56am On Apr 03 |
Let us agree to disagree 2 Likes 2 Shares |
Re: Dangote reduced diesel to 940 per liter by slimfit1(m): 1:28pm On Apr 03 |
He still needs to pay up. |
Re: Dangote reduced diesel to 940 per liter by CharlotteFlair: 2:12pm On Apr 03 |
If tinubu can't make lives better, he should at least not make it worse. The question is, can dangote refinery produce enough that will serve the marketers? If he can't and seeing the bojuboju successive governments have played with government owned refineries for over 40yrs, there's no guarantee the marketers won't rely on foreign aid to procure petrol. It's also imperative that dangote doesn't turn rogue tomorrow and cart most of his produce away to foreign countries where he'll make more money, thereby widening the lacuna on ground. 2 Likes |
Re: Dangote reduced diesel to 940 per liter by Acidosis(m): 6:00pm On Apr 03 |
Biodun556: Every manufacturer buys huge amount of dollars from the CBN from time to time. That is not going to change now because he has a refinery. Dangote Refinery, Dangote Cement, Dangote Sugar, etc. are completely different entities. 1 Like |
Re: Dangote reduced diesel to 940 per liter by Donaldoni: 6:02pm On Apr 03 |
successmatters: @bolded If wishes were horses, p***gs will ride 1 Like 1 Share |
Re: Dangote reduced diesel to 940 per liter by Biodun556(m): 6:42pm On Apr 03 |
Acidosis: It will change because dangote now export refined oil and that will earn him dollars. 3 Likes |
Re: Dangote reduced diesel to 940 per liter by rinzaugustine: 6:43pm On Apr 03 |
Useless empty propaganda . Maybe the propaganda is meant for same low IQ folks who had been believing same bimonthly promises since November 2015 that the refineries will soon start working…same brain dead folks also believe dangote will be paying naira to United States to import crude to his refinery. Morons are better than some people..smh 1 Like |
Re: Dangote reduced diesel to 940 per liter by excanny: 8:03pm On Apr 03 |
Biodun556: Sit down there in your small room at osogbo and be deceiving yourself. You never see anything yet. Wait till end of 2027. 1 Like |
Re: Dangote reduced diesel to 940 per liter by onumadu: 8:10pm On Apr 03 |
The real problem is that too much Naira was printed in the past 12 months, and those Nairas are still circulating, having been captured by people with means (business people and others). If those Nairas are not mopped up responsibly (i.e. through production and export), there is no way Naira will appreciate. As long as TENS OF TRILLIONS of Naira are circulating, good luck improving the value of Naira, keeping in mind that Nigeria produces way less that she consumes. Whoever printed those excess Naira sowed the wind. Now Nigerians are reaping (and will continue to reap) the whirlwind. |
Re: Dangote reduced diesel to 940 per liter by ValarDoharis: 8:14pm On Apr 03 |
Propaganda will not help Tinubu. Without solving the insecurity issues that has prevented farming and subsequent export, exchange rate will remain high Biodun556: |
Re: Dangote reduced diesel to 940 per liter by HopeUzodinma: 9:29pm On Apr 03 |
Propaganda on every turn. Lol. Yet, na where we dey we still Dey. Expect dollar to rise in the coming weeks. |
Re: Dangote reduced diesel to 940 per liter by CharlotteFlair: 10:29pm On Apr 03 |
Acidosis:My brother.. and these other ones have been relying on huge amount of dollars to operate. |
Re: Dangote reduced diesel to 940 per liter by CharlotteFlair: 10:31pm On Apr 03 |
Biodun556:So all his other companies will now be dependent on what happens at the refinery to operate and survive? |
Re: Dangote reduced diesel to 940 per liter by CharlotteFlair: 10:35pm On Apr 03 |
onumadu:You say those hoarding naira should release it? Didn't this government take this country to court because naira was redesigned which would have forced them to bring out their stashes? Will they reconsider now? 1 Like |
Re: Dangote reduced diesel to 940 per liter by SalamRushdie: 10:46pm On Apr 03 |
Who will he approach to get dollars to buy Crude oil ? Please let's stop all this deception |
Re: Dangote reduced diesel to 940 per liter by AcadaWriter: 11:26pm On Apr 03 |
God bless PATRIOTIC Nigerians s! |
Re: Dangote reduced diesel to 940 per liter by onumadu: 2:01am On Apr 04 |
CharlotteFlair: I never said they should "release it". I said that until those excess printed Naira leave (responsibly of course, which can only happen through more dollar importation after export) circulation (exported through goods manufactured using Naira), Naira will never appreciate. If for example I have an item in my shop that I bought for N1400 each when Naira was N1400/$ but suddenly Naira appreciated to say N700/$, what it means is that I have just made 100% profit in dollar terms on that item if i sell it for same N1400. If you extrapolate it to Nigeria as a whole, it means that Nigeria's GDP just doubled. But in actual sense Nigeria's GDP may have grown by say 4% or 5%, not 100%. So where would the difference of 95% GDP (in dollar terms) come from? The moon? Rich Nigerians are swimming in Naira currently. A piece of land in my village that I bought last year for N15m is now N30m, and people are ready to buy it within a week. So how can the dollar ever drop with all that Naira in circulation? Many rich Nigerians can buy almost anything priced in Naira today. You name it. That is the issue. Whoever printed all those Naira is responsible for this problem. 1 Like |
Re: Dangote reduced diesel to 940 per liter by Biodun556(m): 1:28pm On Apr 23 |
N |
Re: Dangote reduced diesel to 940 per liter by Melagros(m): 2:23pm On Apr 23 |
COMRADES, we say kudos to Dangote, we need more of this from the wealthy and lovers of Nigeria |
Re: Dangote reduced diesel to 940 per liter by aieromon(m): 2:29pm On Apr 23 |
Biodun556: Look up his urea fertiliser export earnings. H1 2023 The Nigerian Government disclosed that Nigeria generated the sum of $2.539 billion as non-oil exports in the first half of the year. https://nairametrics.com/2023/07/18/indorama-dangote-lead-as-nigerias-records-2-5-billion-in-non-oil-exports-for-q1-2023-nepc/ |
Re: Dangote reduced diesel to 940 per liter by Kenochi(m): 3:15pm On Apr 23 |
aieromon: I tell myself if most Nigerians knew the kind of massive operations going in Dangote Refinery and Urea plant,they will keep quietttttt.I have business on that axis and it is a beauty to behold at night when the Dangote trucks start operations,I don't want to say much but the economic activities happening on that axis is yet to be fully grasped by Nigerians Ships loading,men at work and Exportation going on,like I said you are awed by all this.I just asking myself that everyone responsible for destroying our Refineries should be given Capital Punishment All the Engineers and Staff at NNPCL should be sent on a compulsory sabbatical to that Refinery to understand what is needed from themmm |
Re: Dangote reduced diesel to 940 per liter by Paraman: 3:24pm On Apr 23 |
Biodun556:ElSudani is right |
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