₦airaland Forum

Inspirer1:
Not again

The people who do comparisons like this should always consider other factors too.

What's SA minimum wage and what's Nigeria's?

Furthermore, a simple Google search would have helped him.
Does South Africa subsidize petrol?:
"Yes, South Africa does subsidize fossil fuels, including petrol, to help manage price volatility and protect consumers."

Has the secret subsidy on imported petrol made petrol cheaper for Nigerians?

chidiokay:
Antics or no Antics, whether fuel price can come down to 500 or not is not in Dangote hands ... Na xchange rate fit decide that one

if we wake up tomorrow and xchange rate is $/ 700 .. Fuel price will crash to maybe 500, dangote cant even stop it.

our xchange rate is the Main factor

Of will should have like 10% of people like you understand economic systems without emotions, Nigeria will be a better place.

Slymontee:
Do those countries also buy crude in their local currency like you do? Very greedy monopolist.

How does paying crude in your local currency influences or change the fact that Nigerians are suffering from bad government they voted into power because of tribalism and religion?

NOETHNICITY:
The FG must stop wasting trillions on corrupt failed refineries

The FG should as a matter of urgency privatize those shit called refinery

Which private investor will waste there funds on a rusted metallic plant used a ATM by the government

adioolayi:
if NNPCL-controlled refineries were working, it would checkmate Dangote Refinery, which would result in more competitive petroleum product prices for Nigerians."

As if NNPCL na serious company that can be banked on.

Next please

When we you to stop deceiving yourself with competition reducing the price of a commodity?

gidgiddy:
Really? Bond is just another form of borrowing

Bonds are monetary tools not just loans. The interest rate, cash ratio, liquidity ratio, money supply etc are influenced by bonds.

Betgold84:
We rich in nigeria.
But how can wealth spread around?

Wealth or inflation?

forgiveness:
They are just borrowing money but I hope it's used judiciously for the purpose.

For importing and consuming

sulaak:
Cassava farming is mostly in the South. Why is the cost still high when the product is locally produced and processed?

Where is your naira exchanging for one USD at N1,600 or minimum wage at N70,000?

nairalanda1:
Yeah, that is a sign that the subsidy costs were so large that by the time it ended, there were a load of outstanding debts...which is what you are referring to.

Subsidy, otherwise, is gone. ANd no, I am not pro-tinubu. This is something I have been backing its removal since 2011, and by the way, I believe the government of today is corrupt, and don't trust them.

Subsidy is gone yet subsidy is been paid, who is deceiving who!

AllBlack:
Another dry CONTENT

The only comment that unveils the secret behind content creation industry

Fortune109:
😎

2 major issues keeping Nigerians suffering are Fuel Price and Cost of Custom duty...

Solutions...

Sell Crude oil cheaply to Nigerian refineries so they in turn sell refined product cheaply to the Nigerian Market (Don't follow international crude price for your own people)... Secure the Borders and make it Life sentence for smuggling of certain quantity of fuel...

Number 2 stop charging Custom duty at the Dollars equivalent for an economy with weaker currency... that will kill the citizens... Fix the Custom duty at a specific Naira rates...

All things been equal... If you fear reduction in your tax income (Government)... The reduced amount you will get have more purchasing power as Prices of Goods and services will be reduced... All things been equal...

Only idiots keep doing same thing and expect different results...Stop doing what doesn't work for you Nigerian Government! (unless you are just wicked to your own people)





Let's think outside the box and see!

While the two major solutions according to you Nigerian problems is voting in tribe and religion every fours

fitinwell:
The Dangote refinery on Nigeria soil .. initial was supposed to bring a blessing and relief to Nigerian people...

Talkmore of crude oil beneath our soil...

Can we say that the Nigerian soil was cursed to bring hardship on its habitant?

You voted APC in 2015 and still expecting

Nchenches:
Petrol and Petroleum.
Writers didn't even know they are two different things.




"Petrol (gasoline) is a specific refined product of petroleum,


while petroleum is the broader term for the naturally occurring, complex mixture of hydrocarbons and other substances found underground"

So, you know most Nigerian journalism study at night schools?

Donbabaj:
Dangote just dey whine us- reduction my foot- These guys are just playing with our mindset. Our government playing Nigerians like a "Checkers or Draft" If anybody try to say jack, unleash the police force on them.

I wish we have somebody like President of Burkina Faso

Dangote whine you or you whine collected 2 cups of rice to support tribe and religion during the last election?

nairalanda1:
It's bad, but the good news is, we are no longer doing it on the government's dime. We are no longer throwing money into a bottomless pit or having people lie to get more subsidy money.

We should have removed subsidy since 1993, folks. We are doing the work we should have done ages ago. At least karma came to bite the ojota organisers in the back. Still, at the end, subsidy had to go. We was running on empty paying for at least 6 or eight african countries' fuel

Go and calculate all the trillions of naira used to cover imported petrol under-recovery cost and stop deceiving yourself of subsidy removal

SarkinYarki:
God bless you

Smugglers or exporters while the government collect export duties and tag it "smuggling".

stonemasonn:
Find a way of monetizing it nah?

That will reduce the rate of looting, not advisable!

thedio:
I don't envy anyone bro .
The question is very simple, dangote is buying crude oil as a raw material for his refinery,does he buy lime Stone for cement production. Or do you want him to mine Nigeria solid mineral for free

You go school at all?

Opebiman:
Because FG sef sat one day and reduce their own 52% share, Diesel price, dollar prices? ( yes dollar cause to maintain the plant is dollar intensive).

Dangote should upgrade the pay for workers, BUA is a bit better

BUA doesn't pay the level of tax Dangote is paying and has lesser liabilities

psucc:
No wonder the price defies every economic logic to keep rising

Which economic logic?

thedio:
That 52% is just too small, he should pay higher than that

Then, get ready to pay more for cement.

jmoore:
Saudi government owe many businesses that are thriving.

Those companies are commercialized organizations might for profit making and not some subsidy consuming nationalized charity organizations in Nigeria

TalkingBird:
What a shame for S/S the region where crude oil is explored to buy at a higher price

And to imagine that there are two refineries in the S/S

American West Texas Intermediate (WTI) from South South?

Olamideayomide:
That's great
We pray it comes down to #500 or below sef

Continue to pray while Tinubu prepares for second tenure

Antoeni:
So Now Make We Dey praise Dangote ?
When We Have Our Own Refinery That Dare Not Refine Even a Litter of Fuel Talk Less Of Slashing Price .

Thank You Dangote, You Can Do More

How own refinery, do you own a refinery?

Love800:
What does that guy mean by gold pls?

He means trading gold digitally using the trading pair, xauusd.

Sheuns:
Use ur money to buy gold instead of saving in banks.

Gold is not safe, CERN just made gold with lead just of recently.
Most advanced countries are gearing to use Bitcoin as a reserve asset.

iwaeda:
https://dailytrust.com/insecurity-zulum-declares-monday-fasting-prayer-day/

Fasting and prayer to end insecurity!
The height of ignorance cause by religious indoctrination

Originalsly:
guy...stop playing!

This kinds of play brings out the truth

Proudlyngwa:
Why should they go after the hoarders.
Only competition can stop hoarding, not going after someone who used his money to do whatever he likes

Which competition and who is hoarding rice?

MCentral:
First Bank has a market capitalisation of N1.04 trillion as at May 15th 2025.

That's equivalent to $650 million.

For now only GTB and Zenith BANK have billion dollar valuations among major NigerianBanks.

Glo is probably worth over $1bn (if you compare with MTN Nigeria valuation) but its not listed on the stock exchange to get its real value so its excluded for now.

Oga, you need to know the difference between a subsidiary and a parent company.
First Bank (an unlisted company) is a 100% owned subsidiary of First Holdco Plc (a listed company). Gtbank also is a subsidiary of GTCO.
Note the difference!