₦airaland Forum

Nomerci:
It like small odds. E dey spoil game. Reduce it to 800max. When I bought at 1350 with 10k. I almost cried and the fuel dried up within 2 days..

Fuel dried up within 2 days?

owobokiri:
This country will not move forward untill we collectively find a way to disentangle the soul of the country from the desperate grip of one Aliko Dangote. This man does not care about the quality of lives of the average Nigerians. His desperation for maximum gains and his monopolistic penchant within the economy of the country, will only lead to one thing for Nigerians; disaster

When the next election comes, use tribe and religion to vote in and government and blame Dangote later.

Pootle:
they can do more, dangote can sell for 600naira and will get good ROI

Why don't you build your own refinery and get the good ROI for yourself?

Saturnalia:
Did I not say that Aliko Dangote is a corporate Armed Robber?

When the bastard was crying on live T.V that cabal was frustrating his Refinery, I told my family & friends that only the people that did not know the history of Dangote’s greed & monopoly would fall for his charade.

The FG must continue to issue licenses to new entities to import petroleum products into the Country in order to tame this selfish & covetous bastard called Dangote, otherwise, like the rampaging indisciplined & greedy bandit that he is, he will hold all Nigerians to ransom indefinitely with his fake Chinese-built Refinery.

PMS in Nigeria should never sell above 650 Naira per Litre.

Nigeria is only country where the citizens keep quiet when subsidy is removed but keep dreaming of buying that same product at a subsidized rate

oluwatomiwa:
Anything that goes up in Naija will never come down......

Has your minimum wage come down?

iwaeda:
N50 is something, but fuel is not supposed sell above N500 per litre.

Per subsidized by the federal government or your imagination?

PheelzAlmighty:
This monopoly is not healthy for Nigeria....


#spits

Imaginary monopoly is your problem and you the bad government you voted into power

FBIBOT:
Because he has no right..... Dangote refinery is a private enterprise... What the government needs to do is grant more importing license to other private entity to allow more competition

Keep was your competition theory when oil prices were rising?

LordLicifer:
Are the South africans asking for £1millon? And $1million?

Besides, it isn't our money or our problem if they are demanding money or how much they are demanding from their government.


We should be focusing on our own nigerian problem here, Politicians are looting us yet we are concernd about South africans holding their own government to account. If anything we should copy them not call them lazy at least they are united in their demands unlike us tribalists. Will they get what they are demanding maybe not. But at least they tried.

More grease to their knees. I support them!

I hope when ₦1 exchanges to trillion South African rand with South Africans all over Nigeria looking for green pastures. You will be ready to contribute money to send them and revive South African Economy as as it happened during apartheid.

franchasng:
Still not enough. They ought to sell between NGN710 to NGN851 per liter based on crude price according to ChatGPT

Also ask ChatGPT how much they buy there current stock

LordLicifer:
Is this supposed to make sense?

You should spend more time studying monetary than on nairaland, it will help you a lot.

LordLicifer:
In America and UK some people don't work they are on benefits, free housing and welfare and some work but still get benefits or welfare to help with their bills and food. Some American or UK citizens are on these kinda benefits for at least 10 years never worked..

If a govament has failed in looking after some of it's minority citizens or create employment, pay reasonable wages to it's working citizens that is when this kinda proposals from this South african man.


It's funny how govament and politicians always finds public monies to enrich themselves but when a citizen demands for their own, anti socialism comes up..

Who are the govament anyway? The citizens! over the years many citizens or many countries have forgotten that they are the Govament because of how politicians portrays themselves as owners of the country.

In America and UK, are the unemployed citizens receiving $1 million and £1 million?

Lekby25:
But those Arab countries you mentioned managed their money very well. Curruption is almost at zero level, have robust foreign reserves

Those Arab countries practice state capitalism where government invest in sovereign wealth funds which in turn in invest profitable companies within and outside the country.
Black African government on the hand are communist who sees profits as evil but are ever ready to handover mineral resources to capitalist from other continent, use the same mineral resources as a collateral to borrow back the profit made and buy the finished product from them.
Black African will remind poor provided we keep trying to achieve capitalist results with communism.

AllBlack:
At least he is saying something and SPEAKING UP for his compatriots.

What is the whole constituted body of NLC and TUC saying for their fellow country men?

When will Labour Union ever have half the ballz to speak up like this. just half.

Speaking up for compatriots on how to destroy his country's economy

LordLicifer:
For demanding his right from his country govament? I don't think so. Maybe we here in nigeria should demand for the same. After all our politicians and looting billions for themselves and their families.

Right to destroy his country's economy?

LordLicifer:
What is wrong with what he said? In nigeria we should be getting more than 1 million without working. It's okay for one of our politicians to be looting 230 biliion to himself but an ordinary citiZen cannot have 1million. another politician looted 2 billion naira one person oo! and we are accepting all that nonsense.

Is like you will love to push a wheelbarrow of load of one trillion naira to go and bread?

cr7lomo:
And some people here were saying FG cant do anything about dangote fuel price...Nigerians are indeed finished...the smart ones no pass 5%

In 2026, you still believe Trump statement will resume reduce petrol price in a deregulated economy?

gloryman91:
PBAT please direct same immediately and ensure dangote and nnpc compiles immediately to the directives going back to 450/litre tonight.

You will really be appreciated and celebrated by all even your opponents.

Thanks, please act fast.

Can you deceiving yourself for once

WhizdomXX:
That's his value. But the money is audio money.

Says someone who keeps bundles of depreciating physical cash in a wooden box

You should be learning how the at stock market works

Sheuns:
Man added some other billionaires net worth to his net in 24 hrs.

Nothing beats invention and innovation.

Image123:
Oh, so when the GDP is shrinking, we should blame government. When it grows, we should stop defending nonsense. Selective reasoning.

Petrol subsidy removal has nothing to do with GDP growth, stop defending nonsense.

Image123:
After the needed subsidy removal reset, $67 Billion added to Our GDP. States that once begged for salaries are now building roads, bridges, hospitals, schools. From Ogun to Enugu, Kaduna to Ebonyi, governors admit the truth: Tinubu restructured the finances. The money is flowing.
Today, foreign reserves have stabilized and hit the highest in almost 20 years. The stock market has exploded. Investment has returned. Oil majors are back with billions. Domestic refining is rising. The Naira for crude deal eases pressure. Tax reforms shatter colonial chains.

The Nigerian GDP growth is powered by Dangote refinery and fertilizer exports and not petrol subsidy where the federal borrowed in nairas to subsidize petrol.
Stop defending nonsense!

U

fineboynl:
Kid.
The Dangote Refinery commenced processing petroleum in early 2024. Production of specific fuels—such as diesel and aviation fuel—began first, followed by the testing and processing of petrol in late 2024. The official nationwide distribution and loading of locally refined petrol officially started on August 15, 2025.


It has nothing to do with the drop. The cbn stop floating the currency

Adult, you couldn't answer my question

Neoteny:
They hire or pose in dealer cars, and y'all fall for it.

That's how your yeyebrities and influenzas pose in fake private jets and hire supercars they later claim to own.

You'd be surprised how many fly economy and are actually broke.

Your second and third photos are used shoot movies of people traveling in a private jet.

Jydolomo:
Weakness in the part of the authority is why we are have issues like this. No proper regulations.

Proper regulations like?

nairalanda1:
Shows that the government wants to do price controls.

It never ends well.

Price control without subsidy?

badoh:
If not for greediness, must they wait for the government to issue directive before they return to the old prices. No be only government deh rip thier citizens, what the citizens even do themselves are even worse. Everyone deh look for who to cheat from vulcanisers, rewire, mechanic, traders, spare parts sellers, marketwomen etc. Even you that wants to reply to this thread, youre not different. I rest my case.

If not for ignorance, how does the government issuing any statement has to do with a deregulated market?

fineboynl:
The refinery is not in any advantage to the Nigeria economy or it people.

Dollars have not crashed nothing nothing. Yet price keeps increasing.

So is Nigeria having headache over the operation of that refinery for some years now.

Dollar have not crashed, yet the same dollar has moved from ₦1,700+ to ₦1,300+?

commoditiesnig:
Welcome development

We expect PMS cost at pump to come down around N900/ltr

Dangote and co should do better

Welcome of marketers announcing ex-depot price of petrol while hiding the pump price you actually buy.
Continue to welcome development!

Henjor48:
Yes, I am in full support of this competition as long as the quality & standards are not compromised.

So, let the competition continue to kill monopoly.

Thank you for your attention to this matter

competition importing lower quality petrol, announcing a lower ex-depot prices and selling at higher pumps compare to high quality petrol coming from Dangote refinery.

Harmony22:
Everyone can now agree that Mr Farouk that was having a confrontation with dangote then as regard importing of petrol was right all long. Nigeria is a country where an average business want to make big return on their investments within a very short time at the expense of exploitation of the masses because the masses here endure and adapt hardship so fast unlike the western world..

It is only the importing price of petrol that was forcing dangote hands to reduce the petrol price to force out the marketer out of the market so they sell at a lose and not being intentional about it to the masses. In coming days now you will see how he will reduce his gallantry price in order to be more cheaper than the imported fuel so people will be force to buy from him alone. More licenses should be issued to the importer so the market won't be monopolized and his head will be correct then.....

Continue to consume substandard petrol that destroys your engine and quote imaginary monopoly and competition theories

JuanDeDios:
Never. Let's hope the other refineries come on stream soon - to at least weaken the present monopoly a bit.

Continue to quote imaginary monopoly where the government in power deals with you mercilessly