₦airaland Forum

Mrfeel:
What does genius mean? Can *diots do yahoo?

Genius is someone that's exceptionally intelligent usually with an IQ above 150...Most yahoo guys can't even get to 97 IQ

Tinubu saying this will not shock anyone because nobody expects good leadership from him if we are to be serious... People criticized Peter Obis comment because many look up to him as a standard for good governance and as such we were taken aback when he wrongly described fraudsters a genuises

aribisala0:
Did I mention CBN

I ask again in his whole government

What is the biggest appointment he gave Yorubas

Is CBN the only place in government

Tell us what he did for us in terms of appointments

You are just being emotional and have refused to do your research ...well please see attached a list of some of them , I have a list of 50 people of Yoruba stock that held plum jobs under Jonathan but let's start here

kettykin:
Can we at least see the bodies before we hail them

You are right

This is Bizarre and very brazen

Lanretoye:
If bandit kills military we see the picture but if military kills bandits we no Dey see anything

Anytime Trump kill bad guys he must post video evidence for us to watch

If this is true then More of this, if we are killing 80 every other day in 6 months we would have depleted them by almost 70 percent

Mtmike:
this is very heart breaking
i just believe there something wrong somewhere
they are just embezling this money. They are only looking for ways to get dollars out of cbn
they cannot be importing that huge quantity of petrol
its not possible

Exactly that's exactly what's going on , the are peddling fake daily fuel consumption that they don't want Dangote to expose ..

surgical:
Dangote has antecedents, that's what informed my opinion, and he has continued along that trajectory in this his new business as usual he wants to kill Nigerians with high prices if allowed he needed to be checkmated ,we don't care who will,

Oga Tinubu and his greedy friends are the ones that deliberately moved fuel price from 187 to 600 so they can reap Nigerians , in this case trust me Dnagote is the good guy

Mtmike:
This is not clear, what happened to dangote refinery, why is cbn providing dollars for marketers, cant they go sort themself in the open market. what rate did cbn use to sell dollar to the marketers, why is nigerian government still encouraging fuel importation. Lies too much abeg

Lets keep pretending we don't know it's the main man and his family that are importing this fuel ...it's corruption, this is why the sabotage Dangote at every turn

Putindbutt:
So what's the big deal here?. Some economic illiterates will read the headline and start screaming. The oil sector has been liberalized, the market is open to every player. If oil marketers go to the CBN to request for foreign exchange to import fuel, that's fair game in the sector. The fact is, we cannot even stop importation in the next 5years to put it reasonably. Even though Dangote is already trying to expand its capacity to 1.4million barrel per day. The marketers will still go to the buyers that sell cheaper to them and best serves their interests.
The good thing in all of this, is the fact that Nigeria spent $1.2b on fuel importation in the first three months of this year which is a remarkable improvement compared to the time we were spending a whooping $20 billion on fuel importation aside from the subsidy that would still be paid on it. This gulped about 40% of our foreign exchange revenue. Now we have been able to turn the tide. With the expectation of more refineries coming up like BUA & a few others as well as the expansion of the capacity of Dangote refinery before the year end, we expect even much less importation and much less foreign exchange demand for fuel importation.

Oga there is big deal there , at a time the Naira is struggling , because of corruption the govt is giving scarce Forex to cronies to bring in Petro that we don't need ...this same greed is what caused Tinubu to hurry and remove subsidy when he knew that Dnagote refinery was ready to go .... This is corruption corruption and nothing else

surgical:
If they allow dangote he go turn am to the way him take spoil the cement sector in Nigeria, they should give him a run for his money, if he is allowed to become a monopolist in the sector ,which is his goal, Nigerians go see wehn

Just look at persons thinking...Tinubu and his cronies are running you street and you think they are protecting you from Dangote 😂😂😂😂😂😂

I hope the Chinese have not started using an advanced form of electronics warfare on US military aircrafts

Curious345:
Nairaland is great nowadays. And yes when I make tribal post I get banned too. And I love the ban and post cancellation. If your ads have zero erection, then you need a graphic designer

Site visits have reduced heavily yet you think he needs a graphic designer...typical Nigerian way of addressing issues so I am not surprised .

If you read his post he has been advertising here for over a decade so you should know he knows what he is saying

Saw a picture of a bandit holding a rocket propelled grenade launcher and little northern kids admiring him, these are the kind of role models young northern kids are being made to look up to , same way we used to look up to pilots and military officers as kids .

This is a dangerous trend , in the next 20 years Northern Nigeria will be worse than somalia and Afghanistan combined if they don't curb this early..

Saw a picture of a bandit holding a rocket propelled grenade launcher and little northern kids admiring him, these are the kind of role models young northern kids are being made to look up to , same way we used to look up to pilots and military officers as kids .

This is a dangerous trend , in the next 20 years Northern Nigeria will be worse than somalia and Afghanistan combined if they don't curb this early..

I noticed most post on FP can't even exceed page 1 again .

Well Nairaland was primarily supported by few GENX and millions of Millennials , millennials have started getting busy running families so have no much spare time to be here , this platform has failed to attract Genzs and Gen Alphas .
Recently engagements here dropped because of the use of poorly trained bots to moderate comments and that character limiter that was implemented, the character limiter although a good innovation was poorly implemented, it failed to take into account that short comments are also part of engagements especially in this short attention span era , you can't force people to have 40 character worth of information before they comment because you want to prevent a few people from booking space and besides people are still using copy and paste to book paste meaning it didn't even work .

Well I solve issues like this for living so I will give Seun a free advice , to stop page booking just simply rank comment according bti the number of likes the comments have , comments with higher likes should appear on top of pages and those with the least appear below .

This will greatly improve brilliant discussions on the platform and create new engagement

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The Central Bank of Nigeria has released a total sum of $1.259bn to oil sector players for the importation of petroleum products and other related items into the country, The PUNCH reports.

The amount released between the first three months of 2025 is against the backdrop of the insistence of marketers to continue fuel import despite the availability of petrol from Dangote Refinery.

According to fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Petroleum marketers imported 69 per cent of the 21 billion litres of petrol Nigerians consumed between August 2024 and the first 10 days of October 2025.

Between January and March 2025, a total of 2.28 billion litres of petrol were imported despite improved refined product output from the Dangote refinery.

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The Central Bank of Nigeria has released a total sum of $1.259bn to oil sector players for the importation of petroleum products and other related items into the country, The PUNCH reports.

The amount released between the first three months of 2025 is against the backdrop of the insistence of marketers to continue fuel import despite the availability of petrol from Dangote Refinery.

According to fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Petroleum marketers imported 69 per cent of the 21 billion litres of petrol Nigerians consumed between August 2024 and the first 10 days of October 2025.

Between January and March 2025, a total of 2.28 billion litres of petrol were imported despite improved refined product output from the Dangote refinery.





Fuel imports, a significant consumer of foreign exchange, impact the country’s foreign reserves and the naira-to-dollar rate.

The volume represents one of the lowest quarterly import figures in recent years, reflecting the gradual shift towards local refining and blending of petroleum products.

A breakdown using the Central Bank of Nigeria’s quarterly statistical bulletin for the first quarter of 2025, the apex bank released a total of $1.26bn for import transactions between January and March.

A month-by-month breakdown showed that $457.83m was disbursed in January, representing 36.2 per cent of the total.

This dropped sharply to $283.54m in February, accounting for 22.5 per cent, before rebounding to $517.55m in March, which made up the largest share at 41.3 per cent of the total forex released for the quarter.

While NMDPRA data showed that the January imports stood at 724.5million litres, while 760 million litres and 803.7 million litres were brought in during February and March, respectively.

The struggle for market share between the Dangote Petroleum Refinery and fuel-importing marketers has intensified in recent months, as both sides compete for dominance in Nigeria’s downstream sector.

It could be recalled that while some marketers have insisted on importation, the Dangote refinery has been exporting petrol to other countries, including the United States. The 650,000 refinery has consistently boasted of its capacity to meet local fuel demands while exporting to foreign countries.

However, pricing has remained the major determinant for marketers when choosing a supplier, amid growing competition between the Refinery and fuel importers. Many operators in the downstream sector shift allegiance based on cost advantage rather than source.

Confirming the development, the National Publicity Officer of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said marketers would naturally buy from any source offering the lowest price to stay in business.


Ukadike explained in an interview, “In this business, pricing is everything. Marketers will always go for the most affordable option because our margins are very thin. If imported products are cheaper, we have no choice but to patronise importers. But if Dangote’s refinery offers a better price, of course, we will buy locally.”

He added that the price gap between locally refined products and imports fluctuates depending on global oil prices, exchange rates, and government policies.

“No marketer can afford sentiment when it comes to survival,” he said. “Our decision is driven by economics, not emotion.”

Meanwhile, the latest Energy Bulletin released by the Major Energies Marketers Association of Nigeria has shown a further reduction in the estimated import parity price of key petroleum products, reflecting sustained pressure from global oil prices and exchange rate fluctuations.

According to the report, the estimated import parity price of Premium Motor Spirit has reduced to N805.46 per litre at the spot rate.

https://punchng.com/cbn-pumps-1-25bn-into-fuel-import-others/

Let's keep pretending he is not the actual governor

On day one he is already telling lamba

AbuAeesha:
And these pictures speak for everywhere in the country ?? 😀
Keep decieving yourself

Apart from few places in Abuja , where is not run down like this ? Where ?

pigmania:
WTF? But Pac himself once said that an influential man once asked him to drill his azz, and his response was; I don't get down like that. He said he was admiring the man's beautiful daughter instead.

That was Quincy Jones

pigmania:
2 Pac pierced his nose, was he gay?

The under rumors say he was queer

aribisala0:
https://www.nairaland.com/745731/yoruba-marginalization-elders-met-jonathan

Stop peddling falsities

Below is CBN director list under Jonathan..can you see any of his tribal men there ?

Many of the soldiers there might have been retired and now drinking garri somewhere , Buratai is also retired , Buhari who sent them is now late and buried in the same soil ...This is how flitting life is ...we must learn to love others like we love ourselves

Zero link ..you can do better

Mariangeles:
It's as horrible as men wearing nose rings.

Me sha any man that pierces nose is gay to me ... nothing you can tell me , absolutely nothing

Septum ring is the greatest red flag a woman can possibly give off

See what professor of economics is doing

Did he lie ?

Nwaikpe:
There was literally nothing intelligent about the robbery.

It was just a case of a few lads taking advantage of a lax security system.

They literally just got to the scene, cut through it like a normal worker, picked it, and moved.

That's was the refreshing part na , the Louvre always prepared for sophisticated thieves and these dude just use a boom crane and hit the place in plain sight ...that was the beauty

You cleverly left Buhari and Tinubu out ko? Well done