₦airaland Forum

motymop:
There is a huge difference between how a refinery works and how a market trader works

Oil price and production is controlled by an international body called OPEC which set the price in USD to allow for easy trrading between international oil trading houses and their buyers

Dangote is buying crude oil in dollars from the Nigerian govt, because his main cost is in dollars, he has to sell in dollars to major oil marketers in nigeria so his business doesn't crash when the exchange rate jumps.

But those oil marketers don't turn around and sell petrol to you at the filling station in dollars. They do the math, convert it, and sell it in Naira.

It’s the exact same thing for Balogun traders. They might buy their containers from China in dollars, but when a regular customer walks into their shop to buy a shirt, they sell it in Naira

No one is saying we should pay for petrol or clothes on the street in dollars But the big companies buying thousands of metric tons of fuel at the depots have to deal in the currency of the global oil market

Dangote like other refineries around the world is getting crude in dollars from a globally controlled market. Oil market runs on sales contracts so they buy Nigeria crude as well as from other markets. However,Nigeria is not the only country with a refinery and global price control does not extend to the mid-stream and downstream. That's why different models are operated. However,we are comparing apples for apples here. If we say because every company who got their raw material in dollars,their final product should also be in dollars then other sectors can follow suit.
The main reason Nigerians are clamouring for a local refinery is to support our homegrown economy. So what's the point if it's dollarised,we can as well continue with importation. We both know that this will put pressure on the already weakened Naira. So what's the point. That arrangement is the more reason why Naira is still stable.

motymop:
Oil is tied to dollar, so why do anyone think dangote should sell in naira

The war between US and iran has started again over the strait of hormalz...so we should expect more inflation, currency flatuation and increase in cost of food and transportation

So all the importers in Balogun market should start selling their goods in dollars;household items,wears,imported food,medicine. If marketers buy petroluem products in dollars,will it be fair to say that the filling stations should start dispensing PMS in dollars? They better go for a round table discussion for us to change our currency to dollars.

UncleJudax:
Which Tier?

You can email or call them.

Thank you

Bluearrow:
One of the best

My verification on investar app has refused to work

This is a very insensitive comment at a time when our nation is being overrun by terrorists. Nigerians do not need a President who has merely "done his bit." We need a President who delivers results, a secure country where citizens can live, work, and thrive without fear.
Activity alone is meaningless if it does not produce the desired outcome. Leadership is measured by results, not effort.
Contrary to what he said, Presidents of the United States do not simply issue orders and go to sleep during national security crises. They remain actively engaged, often spending hours in the Situation Room alongside their security advisers, assessing intelligence, evaluating options, and making critical decisions as events unfold. Nigeria deserves leadership with the same level of urgency, accountability, and commitment to protecting its citizens.

Current weight 70kg,Target weight not more than 62Kg. I do 10,000 steps daily. Trying to eat more of fruits and vegetables

NO - I love my children and ,i want more. My children loves me deeply and make my life worth living. Even Elon at over 1trillion USD has children. God will still provide the wealth

iluvdonjazzy:
They are doing that because the government knows that the Boko Haram has overwhelmed the security forces in the country. Too bad.

This is the fact. The security forces are overwhelmed. If you listen to the government,you can feel the fear. We are now in the compromising mode.

CSblackpink:
Titanic😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

LOL it's a serious matter

Beeron:
it will be another mistake to jump out now.


Please exercise patience.

Okay Thank you

Beeron:
This tip will help you next time you looking to invest in stocks or Equity mutual funds. And it goes thus;

Whenever you see everyone is making gains and posting the percentage gained almost on daily basis here on Nairaland, X(Twitter) or even Tiktok.

Just know that you are late to whatever they invested in.

That singular act is what lead to many people here complaining of being in RED because they are used to seeing people post gains here.

Oh i see. Meaning that i joined this ship late and should jump out

Chasicolis:
NISAPRIME Rumogba, Artillery

Thank you

goldtosure:
Google Green care fertility centre . I heard about the hospital from a lady I follow on social media, mum of quadruplets. Please ensure you do your due diligence about them as well.

Thank you so much

Any recommendations for IVF with good success rate and pocket friendly for those in PH? A friend recommended Life in Awka Anambra state but traveling all the way is another challenge

Mpeace:
Check Ur mails. The registrar sent me an email yesterday including a customised acceptance/rejection form.
Na only money dey hold me now

Chaii i be olodo. I saw the email but i was confused what that means. Thank you.

sterlingD:
DANGOTE SUGAR right issue is out

Culled from meristem

Please can you explain what this means? I have 1000units of Dang sugar on Bamboo? And how can one benefit from this?

Such a lovely actor. Rest in peace Alex

Rest in peace Father. A reminder to us all that we won't live forever

Congratulations, girl

doggedfighter:
Smooth and fast

I will be trying equity with Zedcrest from next month. Talking a leap of faith.

Wahala,wahala ooo

First of all, kill that idea that your wife is not adding any value because value is not just financial. Values can be tangible and intangible, and I am sure she's adding some value; raising kids, nanny work, keeping the home, cooking and cleaning, saving the family some costs with her unpaid labour. So you mean she's not adding revenue, and I understand why you are angry. One source of income is never enough these days, with the rising cost of living, the burden on a single breadwinner is too much. To make matters worse, she's not making any effort, and sincerely, it's a scary place to be if you are an overthinker like me. I hate to say that I'm in a similar state. My advice for you is to let someone else talk to her. If her mama is reasonable, let her take up the task. "God forbid" is not a plan. Let her know that earning a living is for her own good. To empower her to support the family and for the eventualities. What will she do if you lose your job, get sick, or even pass away? Why waste her youth pressing phone when she can be more productive? Also, explore things she is good at. Not everyone can do the buying and selling business, even when it seems easy. Let her sell for someone first to learn the skill. You can explore mini poultry, makeup & gele, business centre etc. Let her learn the skill first. She can also find a job. Some men start with "my wife will not work", and when she relaxes, they now start complaining. However, know that if she starts working things at the home front will not get equal attention. I hope you are ready to cope with the opportunity cost.

Thank you

leo1234:
Sell some as the price goes up.

leo1234:
Welcome to Aradel.

I have started taking profit 📈

Well above 100% profit


Adding more to my TANTALIZER.

When you say take profit, what does it mean? Sell some?

What do you think about Aiico, Dangote sugar and Jaiz Bank? Newbie asking.

Kindly explain please

nosa2:
Don't look at prices look at valuations. Knowing when to sell is important and valuation should be your guide. I hope you noticed that I was quoting forward PE when referring to my holdings not the price.

Then lead a transparent process and results transmission in real time.

I am guilty of this

I am shocked he said this. For the first time ,he didn't make fun out of a serious issue. He sounds like he care. Father we pray they walk the talk 🙏🏾.

That man never made any effort until the children were grown, says a lot about him. He should go back to the brother/Sisters that fueled his ego to maltreat his family. No normal wife will leave to fend for 4 kids alone except the man is the type that Jeremiah looked at and exclaimed, "The human heart is the most deceitful of all things, and desperately wicked". Forgiveness is Divine, so you can forgive and still maintain a safe distance.

Congratulations to them

Oga, just bring these kids back. My life has not been normal since these children were kidnapped. For these evil men to have the mind to kidnap nursery children, what do you have to tell us again? How can little children be in the forest for weeks, with hunger, mosquitoes, snakes and other wild animals, facing threats and guns? I can hear them crying for their mothers. They have been wearing a single cloth ever since, no bathing, and they will be feeling cold. These children belong at home, please. I don't care what you are doing, Sir Ribadu please bring back these kids. Thank you.