₦airaland Forum

What a hell is going at NNPC nah? PBAT should sack all these people talking recklessly.

When Dangote begins buying crude oil in Naira, the price should come down! The crude oil of the present PMS was bought in Dollar not Naira, hence the high price.

It will be subsidised by 100 or more; N800 could be the price at petrol stations.

naptu2:
Yes

Good!

GRACEGLORY:
The FED won't want to cut by 50 bps as that will.crash the market, coz even though good news, it will cause panic, and stocks will dump heavily. 50 bps will indicate an emergency cut to save the market, but 25 bps indicate that inflation is truly calming down.


Here's what I think 61.255K,then 59K. 58K. Was working on the chart yesterday....

A rate cut is good news for stocks, meaning a bigger cut takes the stock market to the moon.

Just a correction.

@naptu2, Is the conversion hybrid! CNG and petrol?

Summary of the whole thing:

Dangote wants to sell at a reduced price but government doesn't want him to do so.

Faiththatworks:
This is what I call the Dangote Effect.
People underestimate how Africa was really supporting the economy of many European countries.
The Dangote Refinery has succeeded in shutting down demand for almost 40 million litres of PMS,5 million liters of Diesel and 5 million litres of Aviation fuel used daily in Nigeria.
When you add the demand likely to come from other West African countries you will understand why the Europeans will be never want Africa to develop.
We feed them with the Crude oil they need at very cheap prices and buy back the refined products at very expensive prices.
God bless Alhaji Dangote for liberating West Africa from the hands of these parasitic Colonial economic parasite.
Crude oil will still be in existence for another 50 years,if in doubt,even Kamala Harris has changed her position on fracking in the Us.
She has abandoned her green deal and is now favoring America producing more crude oil with fracking.
God bless Nigeria.

Where are other Billionaires nah? Let them join Dangote in industrialising this our dear country.

I support this! I didn't think of this before o

This one doesn't know his job!

onuman:
Lesser importation of goods can cause trade surpluses. Lesser importation occurs when consumers get poorer.
That is the situation in Nigeria.

Correct! But with time, local production will boom; the poor will be employed; and much less importation will become the order of the day.

Let's hope we have more of Dangotes to industrialise our country.

onuman:
Name the products exported that yielded the surplus.
Crude oyel has been sold for many years in advance for jumbo loans by APC governments beginning 2015.

Is it only export that causes trade surplus?

gare2510:
What are the things we started producing locally that made us stop importation? You increase custom duty, devalue Naira making cost of importation prohibitive

We have started producing diesel with Dangote refinery, importation of the product has stopped; PMS will soon follow suit.

Good news! By the time we stop importing refined petroleum products now, the trade surplus will be massive.

What's this Nupe idiiiiot saying? Wait after 4 years, fooool!

Another dollar demand eliminated! Baba Dangote, ride on and singlehandedly develop this country.

Flangelo12:
Your 20 kobo tax.

Idiotttt, it's still tax! Even if it's 1k. He pays!

guobe:
It's obvious there is something they are not telling us .
As an oil rich country just like Libya ,Nigerians are entitled to cheaper fuel and not the reverse.

I agree!

wirinet:
Please explain how this iyaoloja system would help improve the economy of Lagos and your own life?

If you aren't satisfied with the bill, fuckkkkk yourself out of Lagos

175:
Checkmating the "supposed affront" on the Iyaloja by the Igbo traders.

This is the stooges trying to give the Iyaloja legal backing.

We know already!!!! 🥱🥱😂😂😂😂😂😂

Make una stop to dey disguise and come out with full chest

Good! All markets in the state must be under Iyaloja; if you don't like it, relocate.

Omo, I was born in this hospital! They used to say: 'E ma da Omo po ni Massey" meaning 'Don't mix up children in Massey'.

Very old hospital!

Na today? So all these minibanks have not been charging their customers the N50.

Elliotwaveforec:
Update!

Update ! Na $1000 I dey go now.

Good one! Extend to non public servants.

israelmao:
And all vehicles the transport their finished products also use diesel?

90 percent use diesel. Ask the drivers of trailer transporting foods from the north, and those transporting finished goods from the south, you will know they all use diesel not PMS.

Hausas under minority Fulani slavery in the name of Islam.

Emmizay12:
This clown

You suppose don the make $1000 per day in this game

You still the battle with spread fees

Your village people strong gan!!!

Lol! Dash this poor clown trader $1k out of the daily one you make, to shame the village people.

Millionaire trader, I dey wait o! Just show everybody that your years of trading has been giving you $1k daily now.

Eaglepixel:
Which broker

FBS

israelmao:
Petroleum connects of all the dots of Nigerian economy as long as PMS price keeps increasing even -23% tax induction will be insignificant.

manufacturers don't use PMS but diesel! Diesel, diesel, and diesel.

Elliotwaveforec:
$0.80 cents to $100 self-challenge.

Update!

You're rich and not fortified, you be Mumu.