jmoore:
Another propaganda of chasing shadows.

Crypto companies were never responsible for naira depreciation at any point.

Tinubu/Cardoso trial and error economics were responsible for it. When they realized that Nigeria was going down with their voodoo policies, they retraced their steps.

They are responsible dont let them decieve you,this are greedy set of people who set whatever price they want without any regulation or monitoring and since the majority of the buyers are either trying to hide money or fraudulent,they have no choice than to buy it

Power distribution companies will probably declear bankruptcy soon,no light anywhere since December and people are not paying either

Dennisochampa:
This makes sense... Any fuel station selling above the stated price should be shut down or fined 100m

Nigeria will be great again whether they like it or yes

This one want to drink Petrol

Dennisochampa:
Obedients and other bitter enemies of Nigeria won't like this news at all...

They want a news That will make them abuse the government of Nigeria but una go wait Taya...
Both una and una principal... Una go wait till una grow grey hairs....
Nigeria will work again...
God will use whoever sits in aso rock to better Nigeria again....

I am not obedient but it’s a fake news,price of petrol is increasing every day

Reverse is the case,they have all increased it to 680 per litre as at yesterday
Only diesel is going down
Even thou I support this government I must say they have assigned someone to be paying these news papers because 98% of them are now reporting fake news

nairalanda1:


Because the gas people are owed nearly 2 trillion naira by the power companies, and they are tired of selling on credit.

Also, we need to get an extra 10000 MW before we can assure every Nigerian on the grid now gets light.

Power will be almost stable if they can maintain the available 7000MW, last year August through December was a good example
Even if we built 100,000MW plant,these people won’t buy gas to power it.They just prefer to exploit people
Only hydro power can really power Nigeria because our capitalists are criminal minded

Juliusganduje:
Every sane person knows Tinubu is behind this miscreants parading as agitators. He is sponsoring them to checkmate the north having realized that they are plotting to destabilize his government. Tinubu's game is already stale and dry.

You are very funny
10 demented idiot went to the government house to behave like a drunkard and you are here calling tinubu
Do they look sane to you ?

SoNature:
Instead of investing in massive power projects, Tinubu is spending trillions of naira constructing a coastal road to connect states that are already linked by roads.

E no go ever beta for the person wey swear say this country no fit get leaders wey get sense.

The available power plants is almost enough for Nigeria we are not really consuming light like that
The problem is Gas,they are not buying gas to power the plants

I wonder why they cant simply turn off their freezer and air conditioner to calm their anger

There should not be a block button otherwise this forum will turn to another cult like app like Twitter where you can not have contrary opinion.
Let people express themselves freely, if you need decorum create your own forum

drawingbook:
Thats where the problem is. It is the turn of a line not a person. If the senior person from that line is not available, does the line forfeit its turn or they go with the most senior person from the same line?

It goes to the next person they don’t replace people in line.They have got to change the idea of line up it is disservice to Oyo people.

Mandesz:
it's to be for now because it's a donkey year Nigeria owned a refinary. I mean we don't have the human skill for now until Nigerians learn on-the-job

I am not talking about only this Refinery,all Dangote companies are operated by Indians and that is why it will never be Nigerian friendly because they are using world market factor not Nigeria unlike glo and air peace that normally crash prices.

shortgun:
The crises in the labour party has all the hand writing of Tinubu all over it from planting a stooge in the person of Apapa who was severally disgraced by many courts to the unconstitutional arrests and persecution suffered by Abure the Labour party chairman all in a bid to scuttle the chances of his excellency Peter Obi in the 2027 presidential elections
We all know Tinubu has a penchant for disregarding compitent courts of records in the country

It has nothing to do with Tinubu Abure is very corrupt and should step aside.

Dangote companies are being operated by mostly Indians so i don’t think it’s really a Nigerian friendly company,diesel importation should continue and there should be a competition otherwise it will turn out like cement where just 2 companies are ripping the country.ONE thing is certain,inflation will not stop till there is a decrease in the fuel price or stable electricity even if dollar keep dropping

bobochem:
The headline caption is very wrong.The increment is only met for band A category (people that use 24 hrs light).

Those are industrial areas and the burden would be passed directly to the consumer,I mean you and I would pay the money
Capitalist can never take a loss,they would rather pass the burden to the consumer.Just watch how the price will skyrocket in coming days.
This government is government for the rich,I mean the Lagos boys.They dont want to know if their neighbor is hungry.

Obi is the problem he doesnt want competitor or sell out in 2017 so he is doing whatever it takes to keep Abure there.
The downfall of LP is just around the corner

Antoeni:
This man ought to step down; what is he looking for It's better he now face all the alleged forgery charges against him now and get a court verdict on them, if not he is digging the grave of LP

Obi is the brain behind him,imagine a party that reserve a ticket for Obi and Otti against 2027? Nigeria actually dogged a bullet.Is that a democracy?
It’s just a matter of months,Labour party will die

I rearly use it but I pay for it every month

immortalcrown:
May God give them the fortitude to bear the irreplaceable losses.

Can misguided people now understand that money is not everything? Neither money nor poverty is everything.

If money is everything, these children will be absolutely happy even at the funeral and there will be no need to sympathise with them because they are swimming in wealth. Therefore, don't harm lives because of money.

Money is everything don’t let them deceive you.Everyone will die either you are broke or rich but this wealthy man will always be remembered forever unlike a broke man

Are they sure it’s up to 2% ?

Blackfire:
Illiterates don't know

USDT is the same as US dollar as it’s back up by real life dollar in ratio 1-1 so this post is very wrong
i:e Tether must deposit dollar equivalent before it can print any USDT. So in actual sense you will still get your money if anything should happen to usdt.
Do kwon stable currency can not be compared to usdt because it wasn’t back by real life dollar but LUNA anyway this poster need to mention me so I can enlighten him and I am ready to give him 50,000 naira if he can win this argument

Binance isn’t blocked,if China and India could not successfully blocked Binance I bet Nigeria will fall woefully at it.

Nbote:
At this point, it is very very very very clear that these people are very very very very clueless. This is what you get when you bring in relics as leaders. Is Nigeria the only country using Binance? How can anyone who isn't a slowpoke claim Binance is a sophisticated heist against the economy

Its very obvious they don’t know what they are doing,this problem can easily be solved within 2 minutes,Emefiele is bad but we have to go back to his policy of pegging dollar for importation and price will drop immediately.
That is the only solution,I expect Nigeria to become Venezuela in the next 6 months if dollar is not pegged

ManirBK:
Good development

God bless Tinubu

God bless Nigeria

Its not the solution,Naira must be pegged.

Nvestor02:
Atiku is a loser.

ATIKU is right! The fluctuation must be put under control otherwise Venezuela will be better than Nigeria in the next 6 months,not even a year

Corrections:



Do you know the meaning of corruption? Clap for yourself!!!!!!

Some guys were caught no long ago exporting cements to neighboring countries. Do you know the implication of this?

And you say is not corruption, so what is it called?

Its called ''arbitrage'' and its perfectly legal,only if the goverment make it illegal

nairalanda1:
Simple, cost of production, cost of doing business, cost of even staff salaries

LIke someone has already explained here, fuel costs have shot up well well since. Especially since diesel was deregulated a long time ago. Dangote trucks and machinery run on diesel. Add the cost of equipment and machinery, and you get the picture. Add the fact that workers salaries have to be increased at some point...

Naira devaluation too obviously knocked things down badly. Especially now since our forex is at an all time low, meaning Nigeria cannot defend naira unless we borrow to do so...which is not a viable option.

The price increment isn’t from factory,it’s from distributors and dealers.

Majesty7:


Corruption and dead policies. Come to think of it. Cement raw material is usually 90% locally sourced. The only chemical needed to always make it dry quickly is the only foreign material and most of them such as Lafarge and Bua hardly uses it.

Why is cement price high? They should just come up with the excuse. Is it the diesel? How many percentage increment do we have on diesel and what should be the average increment on the price? Nigeria is like a dunghill. You can throw in anything and people will swallow it sinker. Likewise some idiots already supporting Dangote to sell at par with the international market. I wonder when production cost in poor countries became at par with developed countries? Nigeria just a dunghill

The price increase has nothing to do with corruption,it’s simply because of demand higher than supply,dealers are now selling their cement to neighboring countries to make double profit because of weak Naira something that is not a crime till government make it a crime

Dealer are exporting it to neighboring countries because their currency is stronger than our own at the moment so they are making a lot on each bag of cement,that leads to demand higher than supply in Nigeria hence the price increase
The same is happening to food at the moment,northerners are selling to neighboring countries
Exchange rate need to go down otherwise neighboring countries will start raiding Nigeria to get cheap products there by creating scarcity and price increase in Nigeria

2 months ago WHITE CEMENT #9000 naira while Dangote cement was #5000

Fast forward to today … WHITE CEMENT 9,500 naira while Dangote cement is 8500 Naira
Government need to get involve in the price of cement before Dangote finished us

ufotunang:
Refinery would had solved all this problems

Nothing can stop it except naira is re-peg to less than 1000 to a dollar,we will probably end up like Venezuela in the next 6 months
Nothing is sustainable at the moment,we are shouting no light no light how can they use expensive gas to power plants ? We are in big trouble
Subsidies will get to a point where government won’t be able to afford it.there is going to be a revolt and military will take over and Nigeria may disintegrate.
To avoid this is simple,re-peg naira before it get out of hand

NFBI:
Blacks are still battling with hunger..

God must be a white person

You are one of the problem,instead of you to be on google carrying out research,you are here complaining
I read about one lady who was hair stylist before the war in Ukraine but now she’s able to build and produce 300 suicide drones per month,whereas she learnt it on her own through google.