₦airaland Forum

Nonny95:
But NNPCL went to buy the entire product from Dangote. Why not buy and let others buy?

NNPCL woke up and changed her pump price overnight with no prior notice to Nigerians...

This completely contradicts the so called “market forces” when NNPC still has the monopoly of product supply even from Dangote. There’s nothing like free market here..

Who is deceiving who?


Kai!

Tokskob2008:
95% of the people who supported this man in the last elections really regretted they did..

Bigkoko:
Cursed soul..... see face like who don mine skulls for long!

Hat filled, Shameless, dirty hog! Give him another chance he will still repeat his foolishness. Banza Neva start, na just shege you dey complain! smelly thing!

Vseless thing, Come chop meal wey go kee you..... . If those old men you flog because of a vseless old man, get rugged children, na to return the favor sharp sharp to you....

gabbasin:
diesel from Dangote today is 1,100 same by product of crude oil as petrol. This is the reality you guys fail to reckon with. Petrol, diesel and aviation fuel prices are at par in a deregulated market

CyrusVI:


I like this transparency from Dangote and NNPC. Accountability will be sure easier that way, you can now track each crude barrel supplied and what barrel of each products were rolled out back to NNPC in sales


Kyari may not have where to hide anymore

CBN will be watching from a far. KMPG will do the last-quarter audit by December.

The future promises to to great

God bless PBAT

aariwa:
outside nairaland I don’t even know Hundeyin like I mentioned it is just purely my opinion which can be right or wrong because I can’t control whatever happens in future but let’s wait and see how it pans out. I don’t mind whichever way it goes, all I want is a better Nigeria

Starhearts:
She is 4rm Anambra State

gabbasin:
Go and find out how much Dangote sell his diesel, does competition means selling below cost price? If Dangote is to sell petrol to marketers today, the price will almost be at par with diesel, has the competitive market brought the price of diesel below 1,000 naira? Let's face reality, it's only through subsidy that can make us get petrol below 1,000. Dangote is buying crude from NNPC at the naira equivalent of the dollar cost, it's not as if he's getting discount and the cost of refining will be built into the price at the end of the day. If we want it cheaper, it has to be through NNPC subsiding the price

Starhearts:
Noise like huuuu... enyi.. ha ooo... prewwww

aariwa:
No the refinery is not ruse but not completed yet. The money he will make from the monopoly of PMS importation is what he he looking at to help him complete it and possibly buy up and repair the existing PH, kaduna and Warri refineries years after, that way he will get to control petroleum prices in entire west Africa like he did the cement monopoly which catapulted him one of the richest Africans about 10-15 years ago or thereabout

aariwa:
I still believe this is still a ruse and that dangote refinery is not working, those fuel are imported from Malta ..and the entire charade of a game is for dangote and tinubu to cut off the entire petroleum subsidy market cartel from the billion dollar industry …they are just testing the water with their legs to see how much Nigerians are willing to pay without protesting

Thewrath:
How many dangote do we have in Nigeria?
Which major market is dominated by Yorubas in Lagos?
Who controls real estate?
Who controls commerce in Lagos? (And before you come up with your list of yoruba billionaires,know that 10million averages Nigerians with purchasing power is greater than 100 billionaires) the numbers is what matters..

Where were all those people on your list when Lagos was [b]empty last December?

When you have your answers,you will realize even dangote depends on commerce as a businessman to survive…continue hating!![/b]

Starhearts:
U be werey , l swear 🤬 down 😅🤣😂😹

My wife too is noise maker ... l don tired 4 her

Ibehchizzy:
are you an idiot?
Stay far away from my post e w u

Ibehchizzy:
Lmao
This guy is an absolute retardedd melon leaving lots of trails and evidence
I'm glad the devil got caught

gabbasin:
Dangote can only guarantee availability but not affordability, it's left for NNPC to do the needful by buying from Dangote and make it affordable at the pumps, weather under recovery or subsidy Nigerians just want affordable petrol without stress

Freebills12:
[color=#000099][/color]

Yes the marketers will sell it at the rate of #895. This is because the NNPCL is the only 'marketers' that has the right to import fuel and buy from Dangote. They also set the price for a liter. Nigerians have been clamouring for govt to give individuals the right to import fuel in order to create competition but NNPCL has stamped on it not seeing the light of the day.

INTEGRITYA1:
These people want to keep maintaining the high level of secrecy through which they will keep feeding fat on National wealth.

The subsidy through which they have been making shady incomes is gradually fading away and they are diversifying towards the local market.

Racoon:
It is just unthinkable idiocy for people to have a mindet that a sole monopoly like Dangote will better the lot of the comman man as far as Petroleum products affordability is concerned.

chudez0147:
Can his refinery employ 1% of unemployed youths

spiSeyi:
Forget the paper talks with big grammars, and let's face the reality. With the recent script of fuel hike played by NNPCL and FG the Dangote refinery is a tool for siphoning Nigerians to pay for the humongous loans borrowed by the FG to finance their lavish lifestyles. Why would pump rise just increase overnight, and yet NNPC peg their pump price @ 800-850 after loading from the Dangote refinery.
APC as made it their modules operandi to loot by making the president the Petroleum Minister, and using Kyari (NNPCL GMD) as a cover.
APC + NNPCL GMD are the worst thing that happened to Nigerians . It's only a corrupt government that will retain the NNPCL GMD, sell crude to local refinery in local currency and still sell in US Dollars. Above, all the answer is a NO as long as the NNPCL is the sole distributor and PBAT is the Petroleum Minister. And any president that failed to privatize NNPCL is worse than ABACHA

chudez0147:
Dey play . As if Dangote is not a business man.

I tell people until Dangote sale for at least #400 there is nothing there to celebrate about his refinery.

You also talked about the byproducts left in malt as if they don’t pay fg for them.

Standing5:
We already know Mr Analyst.

The crude sold in Naira means less crude in normal exchange for forex or dollar and thus lower forex inflow. But once Dangote starts refining beyond local consumption capacity, which may reduce very drastically if smuggling stops, it means the refined crude will earn more forex than it usually would have in govt hand as raw crude oil because value has been added and it sells for higher. It is still a win on the long run as long govt doesnt make petrol artificially lower than in neighbouring countries.
Heard the FEC is the one dictating final prices and that points to an arrangement where FG bills dangote for crude lower than intl rates just to allow it come out as refined crude product lower than market rates while preserving Dangote flat profit margin. Dangote is now acting a lot like public refineries should under FG on a level playing field.

Crimecity:
So in essence, Dangote and FG are the winners. Citizens have nothing there to gain or celebrate.

One would have thought that those saves from TFare and landing costs + import duties will reduce the cost of PMS at least.

Sighs

Smithkafors:
Keep wasting una time… you want to rip the market people of their hard earned money. Lazy people!

Go and rent a shop. No free market money again!.
Another market will follow suit soon.

No more free money for lazy people. They pay tax to Lagos state and federal government. Go to Lagos state government and collect your share.

nairalanda1:
Well, it does not matter, Dangote has sacrified his refinery. FEC will set the usual subsidised price.

At the end, ...ah well, good afternoon.

saviourGeorge:
This is gonna work