₦airaland Forum

SonOfDSoil01:
. How can 54k be of value to anyone?

The 54k has purchasing power than any amount they are earning now

Bluearrow:
Oga it is greed!
Finish old stocks in old prices, add money to your capital & carry new stocks, that way u can talk about finishing new stocks at high price even if prices go down. But they start selling old stocks at high prices to make more money.

Add money form where?

yemre:
I disagree.

Crude was $80 when we were buying fuel for #839. Now it's $74, we should buy for #770. Even as at last week, crude was $118-$120 and we were buying for #1,350. Now tell me if my analysis is not correct and why we should buy it for #1,000 at $74/barrel.

Your money supply then and now

just2endowed:
that can never happen.

You read the news

ogascomax:
So you think I don't understand what I am talking about. Who regulates the activities of the oil industry. Who regulates their operations. You don't still understand that government oversees their activities. Government can still regulate pricing when they see that citizens are being charge excessively.

Government will only regulate price if they introduce subsidy

Ahmeduana:
Did they finish selling the old stock before they jacked up the price?

We you keep selling at the old price only to be unable to restock the same quantity causing scarcity which helps push the price further.

DeltaBachelor:
Nigerian pricing system defies GRAVITY. Once it goes up, it can never come down

Last time I checked, gravity was taught in natural science like physics and not economics.

Minjim:
Nigerian economy defies the normal textbook theory of demand and supply bullshit crap.

The only explanation is greed and corruption

Last time I checked, the way this world economy was designed to operate were never written in any school textbooks. In 2026, are you still using imaginary demand and supply when economic giants shorting and longing oil prices on future market to go in there desire direction per unit time.

Fekumzi123:
That's why I say na we dey do ourselves. Not everything is government and in fact we're the government.
Once price goes up, we use old stock to make profit but when prices drops, it becomes difficult to sell at loss.
We all do it, so let's calm down until we finish our old stock. Thanks.

Not everything is the government, but the same government is watching the money supply increase everyday while is a citizen like you is waiting for imaginary price reduction.

Checkwell:
And we have a task force that is supposed to regulate fuel station pump activities?

This country lacks leadership on all fronts.

You task that is supposed to regulate a deregulated, free market economy!
Are you serious?

Alexas58:
Please I am not understanding this stuff at all
Fuel price increased immediately oil rose to $118/ barrel from about 850- 1350, and now that oil is back to $74/ barrel , why is fuel still being sold at 1350??


I thought it’s forex that runs this oil economy

Have you checked the money supply of them and now

yemre:
We're so funny in this country. When prices of crude go up, we would not sell the old stock at old prices but the moment it comes down, we suddenly remember the need to sell off the old stock!

As of today, petrol is supposed to be selling for N770.00

What about the excess money that was created into circulation?

SonOfDSoil01:
the salary was even far worse before Tinubu’s administration increased it even though I still believe they can do better because the men and women of the armed forces are giving their life for the safety of the country and a lot have paid the supreme price.

The salary they were earning before Tinubu has more value the volume of devalued nairas they earning now.

whippersnapper:
Omoh it's seems south Africa done collect giant of Africa from our hand oh. Every African team is proving a point at the world cup,except one country that is known for fraud. And the rate at which the youths are "japaing". I'm afraid Nigeria will be retrogressing back to the stone age

Nigeria was never the giant of Africa, it was just lies to told us in other to hide there incompetence and feel they are working.

just2endowed:
Na WhatsApp call win am

Meta Platforms Inc will soon introduce subscription to WhatsApp.

Rebuke:
These guys a making billions of Naira off Nigerian annually and they even bodly declare their profits every time, yet they want to increase tariff.

Like, what the heck? If yhu are already making so much profit why do yhu have to increase yhur tariff again?

More heart breaking is the fact that there's no improvement in service provision, service is as bad as ever or even worse, but all they know is how to increase tariff.

I think body in charge of communication has been compromised. Looks like they have a cut or share in this tariff "increasement."

This is a serious exploitation and unfortunately because they know Nigerians are docile, they keep rubbing it on our faces.

Today, data is so expensive and doesn't even last.

When the next election comes, use tribe and religion to vote in bad government and blame MTN profit for your suffering.

chudez0147:
But minimum wage won’t increase

The higher your minimum wages in naira, the higher the prices of goods and services.

hisexcellency34:
Tinubu is one of the highest shareholders in Airtel

How is this related the post?

MartinsD12:
Our own glo cannot even give us good service delivery how much more going global, its a shame, airtel and mtn will keep milking African market.

Globacom is just like Nairaland operating in only Nigeria and Benin Republic

Jozilinn:
With their outrageous data imagine getting data of 1k for 2 days with YouTube night that's never working but accumulating. In fact I'm tired already data of #300 for 1G that year will take you for almost 3 days but now in just 18 hours or less it's finished.

What were you expecting when Tinubu who promised to reduced your purchasing power is in power and diesel sells for 2,000 naira a litre.

spiSeyi:
I beg to differ bro the Asians understand the Nigerian market than us just take a look at OPay, and even Palmpay then compare them to the Nigerian own . And the advantage they have is they got lone from their government at a single digit unlike here where loan is almost 27% interest with no flexible repayment. Nigerian banks expect you to start paying back within a 1-3 month of disbursement whereas the Asian banks can give up to 12 months buffer

But this same Nigerians are ready to spend unimaginable amount of money in night clubs, luxury cars, mansions, clothing and shout money na water.

AntiChristian:
Make he happen first!

The same government that that is owing 6.6 trillion naira electricity subsidy debt that will now you 100 channels free tv while NTA is still in stone age broadcasting

P1PrinceKT:
They should stop taking loan to avoid excuses.

Where will the dollars for importation and foreign investors come from since production and exportation is out of the equation

AntiChristian:
Hmmmm!

No more DSTV and co!

Can you stop deceiving yourself while your NTA looks life a stone age television channel

Islie:
https://leadership.ng/federal-govt-to-launch-digital-tv-offers-households-free-access-to-100-channels/

Tinubu version of late Buhari Air Nigeria to cashout before leaving office

Northsouth:
They can be lazy, I agree.
But good national citizens deserve compensation for being well-behaved.
Especially when resources dividends are not well distributed

Resource dividends as million rands per citizen, do they want to become the poorest country in human history?

DeLaRue:
Their currency will become like Zimbabwe's within a year.

And then the resulting hyper inflation will make them poorer than before the government doled out the money.

They'll beg their government to stop paying them that amount and return prices of goods to how they were before, but it would be too late.

Did these people sleep through economics class in secondary school or what

It's the same with Nigeria's NLC that wants a minimum wage of N700,000 per month. I laugh.

Very soon, they will push wheelbarrow loads of rands to buy a loaf of bread.

UkoAnnang:


212 trillion naira stolen in NNPC by Mele Kyari.

Guess what each citizens in Nigeria would have collected, if the money was to be shared among 200M Nigerians

Last time I checked, those citizens were supporting NNPCL to import substandard petrol from Europe and subsidizing it secretly quoting competition theory to justify it.

Stephen0mozzy:
Call the South Africans Lazy, xenophobic and all the terrible things that they truly are.

But one thing is for sure, they know how to demand something from their government and the government actually backs them up - when it makes sense sha.

In this case, it won't fly. But atleast they're taking the action.

They know how to demand more poverty from there government just NLC is demanding one million minimum wage to make Nigerians more poorer.

kelvinmichael:
Other countries sha pay unemployment benefits . If the resources in Nigeria are properly harnessed and managed properly i sure do believe Nigeria can offer some relief benefits.

Do other countries pay one million of there own currencies to her citizens?

BioData45:
Then you push the inflation so high that you can't afford anything with the million again.

These guys are lazy

They want to break the record Zimbabwe couldn't in hyperinflation

Neoteny:
It's largely meaningless wealth. He can't cash all of it (only a very small percentage, actually, after vesting), he can only get loans with a small percentage of it as collateral, and it disappears when the bubble bursts.

In pure, cold hard cash... he's not the richest man in the world. Oil sheiks and Russian oligarchs are.

Last time I checked, cash were the lowest class of money designed to depreciate in value per seconds.