₦airaland Forum

blesdman:
I wish the regulatore can be forthright like NCC who made communication very affordable. The petroleum regulatos have really failed the citizens

Affordable communication services with poor services,when stop defending the government that is oppressing them?

miracle002:
Wow!!! That is the beauty of competition. Dangote's attempt to monopolize the petroleum industry will fail woefully.

At what age will you stop deceiving yourself with imaginary theories?

oz4real83:
if not for the competition, Dangote would have made it more expensive like he did in the case of cement. The govt should give licenses for companies to import cement to force the price down. Local producers like Dangote will always give reasons to make it expensive.

Some people are so engrossed in imaginary competition and monopoly theories while failing to see Dangote refinery moving Nigerian international from trade deficit to trade surplus which more dollars been supplied against the naira, making naira to appreciate leading to price decrement. This is basic economics but most Nigerians are interested in emotional fictional theories.

MyExpression:
Benin Republic sells cement cheaper than it is sold in Nigeria, despite our reserve of natural resources and internal production.
We might as well open our borders to cement importation to help the economy, since the federal government wants to kill everyone with taxes.

This government is now becoming like the Rehoboam govt.

Just take a look at how a suffering citizen is stylishly defending an oppressing government

pdppower:
This is the same story he will come to tell us later if he is allowed to monopolize the petroleum industry and he increases the cost of his petrol.

Just take a look how a citizen oppressed by government is defending the same government

immortalcrown:
Only your profit is taxed. Monopoly is the reason. You either don't have monopoly in those countries or you do but you know the country will change it for you if you mess up.

The biggest problem of Nigeria:
Citizens are ever ready to defend the government oppressing them suffering and smiling while qouting imaginary monopoly to comfort themselves of there hardships

zeuss:
The same tax wey he dey pay cover every cement produced. All can be sold the same price,,,, taxation is based on profit not activity .
It is lower in other countries because dangote does not have monopoly of market so if price is high they will import other brands

common sense will never be common for some people

Why Dangote Cement is cheaper outside Nigeria
Dangote has openly said that the price differential between his exporting cement and what Nigerians pay domestically is primarily caused by Nigeria's high tax and regulatory burden.

During a press conference with members of the press on Monday, exporting permits his company to avoid a variety of taxes that would dramatically increase production expenses at home.

“When you look at my invoice, the cement I export is cheaper than the one I’m selling domestically, because that’s how exports work… in export I’m saving a lot of money, I’m not paying 30% income tax, I’m not paying 2%, education, I’m not paying 1% health, I’m not paying 7.5% VAT, and I’m not paying 10% withholding tax.”

By eliminating these costs, the Nigerian billionaire noted that he would be able to price Nigerian cement competitively in global markets against producers from Turkey, Russia, and China.
Source: Business Insider Africa

12inchess:
Thief! Will he put the Refinery on U.S stock exchange and I get my return in dollars. With the unstable Nigerian govt policies. 200bn dollars ko 1 trillion dollars ni. How much profit the refinery don make since inception with our cheap dollars that he used to build it.

How can someone be so bitter with a fellow citizen after supporting bad government using tribe and religion?

nedekid:
Don't deceive yourself, the quality of the imported fuel can never be high, it is most likely a product of blending. 2 weeks ago I bought fuel that stank all the way to the high heavens, you start the engine smell will enter the car, near the tank too was stinking, certainly that was imported fuel and it burns fast.

Sadly, a lot Nigerians are not realistic as you are one. They dream of cheaper petrol refined in countries earning Nigeria's monthly minimum wage as hourly and daily minimum wages.

Fuckyoumod:
Oga you are not making sense!

Nigeria have no business buying fuel over 500 naira per liter. Don't come here creating a false and demonic sense or impression that Nigerians are ok with the current pump price.

710 naira for a liter is still very high for Nigerians!

but have business earning a 70k minimum wage thinking they be rich when rich countries earns below 1k as minimum wage?

spencekat:
The marketers are really competing with him via importations and he had to take a decrease in pricing to remain more relevant. November this year and till date have witnessed an influx of petroleum vessels across jetties.

Marketers are competing with him with what quality of petrol?

Kelklein:
I'm very keen on security..

Those retired generals and AIGs should invest the money they have made into security.. by setting up private security outfits.. I know many that don't know what to do with their money after retirement.. most pour them into buying houses (real estates) which adds little value to others in return. But an investment in Security would create alot of jobs and they would make money in return..

The question is what is the government saying about private security in Nigeria?
The private security is usually used for bodyguards. Nigeria needs full-military grade private security companies.

HgAkpobomeEr:
Good move by the federal government.

Like owing subsidy debts to frustrate the electricity sector

Kukutente23:
I don't get
Our foreign reserves have been rising
Why do we need loans for

Your forex reserves have been rising to where?
APC met at $60 billion and after 10 years, they are celebrating it at $46 billion.
A country of 230 million people with peanuts as forex reserves with a lot of dollar debts.

nairalanda1:
It's true, but the loans here are specifically for power generation, not for 'defending the naira'. Not all loans are the same.

If they are not for defending the naira, while borrow nairas for power generation?

Let me tell you something that will shock you
Starting January 1st, 2026, the way Nigerians withdraw money will never remain the same.

And if you don’t understand what is happening, you may wake up one morning and discover that your money is in the bank, but your hands cannot reach it.

Now sit down, let me explain this thing like someone teaching their grandmother under a mango tree.

WHAT EXACTLY DID CBN CHANGE?

Before now, if you wanted to withdraw big money
Individuals: ₦5 million once a month
Companies: ₦10 million once a month

you could simply apply through “special authorisation.”

CBN has cancelled that. Completely.

Now here’s the NEW RULE starting January 1st, 2026

Individuals: ₦500,000 per week (total from all banks & channels)

Anything above this will attract 3% penalty fee

Companies: ₦5 million per week

Anything above this will attract 5% penalty fee

ATM withdrawals: ₦100,000 per day (max ₦500,000 per week)

This means if you like, have ₦100 million in your account…
You still cannot touch more than ₦500,000 weekly without paying heavy penalties.

I know some of you will be like

“IKING, WHY ARE THEY DOING THIS?”

Oya, relax....

Let me explain this, as your Financial Literacy Advocate that value your Growth

Imagine a village where people like Mama Ngozi carry cash everywhere - market, church, bus stop.

Robbery increases. Fake money flows.
The village elders now say:

“From today, keep your money in the bank. Use transfer. Reduce carrying cash.”

That is exactly what CBN is doing.

But let me break it down properly:

To reduce cost of printing & managing cash

To reduce money laundering

To push people into digital payments

To force transparency in business transactions

To control how physical cash moves in the economy

CBN is telling Nigerians:

“If you like cash too much, be ready to pay for it.”

Let me be very honest…
This policy will hit certain people HARD:

Cash-only business owners
Shop owners who avoid tax
People doing POS with high volume
Market women who are not banking properly

People hiding cash from spouse, government, and business partners

Landlords who collect bulk rent in cash
Traders who do not want their transactions traced

Because NOW:
Every withdrawal over the limit will be reported monthly to CBN.

This is not a policy…
This is monitoring + tracking + transparency activated.

Let Me Tell You Something....

Imagine you want to withdraw ₦1,000,000 next month.

Under the new rule:
You will pay 3% on ₦500,000 excess = ₦15,000 penalty
Just to collect your OWN money.

If you’re a company withdrawing ₦10,000,000:
You will pay 5% on ₦5,000,000 excess = ₦250,000 penalty

Tell me why business owners won’t shout?

WHY YOU MUST PAY ATTENTION TO THIS NEW NIGERIA

CBN is redesigning the financial system.
The era of “I love cash” is dying.
The era of “traceable money” has come.

POS agents?
CBN is already tracking them - maximum N1.2m a day.

Embassies & donor agencies?
CBN removed their cash exemptions.

Government?
Their accounts are exempt - because revenue must keep flowing.

SO IKING, WHAT SHOULD NORMAL NIGERIANS DO NOW?

This is where wisdom comes in

1: Reduce your dependence on cash. Immediately.

Start using transfer and USSD for 90% of your spending.

2: If you run a business, upgrade your banking structure.

Separate personal from business money.
Let cash-flow be traceable - CBN and Taxman from FIRS is watching.

3: If you do big transactions, stop cash completely.

Use bank transfers, escrow, or digital channels.

4: Build a digital financial habit.

Keep records.
Use receipts.
Use online payments.

5: MOST IMPORTANT: Save and invest more digitally.

This policy is pushing Nigerians into:
- Money Market
- FGN Bonds
- Mutual Funds
- ETFs
- Treasury bills
- Stock
- PPP
- REITs
- Commercial Paper
- SUKUK

If you don’t position yourself now…
You will be forced to learn the hard way later.

CBN didn’t just change withdrawal limits.
CBN changed the financial behaviour of over 100 million Nigerians.

Those who understand this early will adjust, survive, and grow.

Those who ignore it will pay unnecessary penalties and suffer confusion.

I’m just here to make sure you are on the right side of the new system.

I am Iking Ferry,
Your Financial Literacy Advocate
Co-founder, Pulseford Business School
On a Mission to build 1million Financially FREE Nigerians with the right knowledge
Source: Facebook

nairalanda1:
Loan is for power generation, which happens because

1.Most nigerians are not paying for power
2.Most nigerians are stealing power
3.AT best, less than 20% of consumers pay for power at say market tarrif

Above means the sector does not earn enough profit, meaning that at the end of the day, the sector is too broke to get fresh investment...so government gets a loan, which is very scanty by the way...for the needs it is supposed to meet.

To expand electricity access and generation, we need at least ten billion dollars annually...this one is five billion over two years.

If you are not paying your power bills, or bypassing the meter, you are part of the problem, rich or poor. If you are opposed to cost reflective tarrifs because we are all poor, then no one else will pay for 24 hour power, and as such we will get scanty power for scanty pay.

Remember our budget is 30 trillion naira without stealing or corruption. If the budget was 150-200 trillion naira annually, we would have been able to pay for improvements without stress. But because tinubu and apc are running an economy based on a limited amount of oil and not fighting corruption, and paying subisides that have not worked at all in four decades, here we are.

Let's face reality for once.
Every sane person knows that Nigerian government borrow dollar loans to defend the naira, provide forex liquidity for importation and loot the rest.

Kukutente23:
What are all these loans for exactly?
I read through the article and I didn't see any meaningful thing the loan is tied to
But zombies swore that APC will not take any loan except its tied to infrastructure projects that are self-sustaining
Are these zombies not unfortunate like this?

You consumed imported products everyday and you asking what dollar loans are for?

emmasoft:
You can check the Fund Managers Association of Nigeria website. https://fman.com.ng/pricelist/
They show price lists and yields of different mutual funds of various fund managers, though some managers may not update their data; hence, the FMAN website only has what the fund managers give to them. Just like the NGX will publish the results of companies available to them.

Thanks

Good day everyone
I want to ask, is there any online portal or websites in Nigeria where one can track the prices, earnings, dividends on Mutual Funds like GT Money Market Fund just stocks have Investing.com, MarketScreener etc.

Y

owobokiri:
If I was given the sole licence to import basic staples for decades into a country of over 200 million people, I will be richer than Elon Musk.
Nit bluffing! Any product!! How much more basic consumables that are used daily!

Rice, floor, sugar, name them. The wings of other business men were totally clipped by the government ms of the land in the 80s and 90s, so that this con artist will soar.

We are into importation over here.., we can tell you for free that "sole licence" will make you a multi billionaire in a week.
Imagine a situation where that arrangement lasted for decades.

Nothing invetively spectacular about the business acumen of your local champ. Just another bimbo being pushed to limelight as a result of "Quota System" and "paddi paddi" government policies..

Excuses! Excuses!! Excuses!!!

U

StPete:
You can’t know more than the engineers installing them. If there are safety hazards, they would be the first to know.

Besides, Nigerians build houses anyhow so instead of passing the cables underground where they could be cut by those laying foundations everywhere; and instead of setting up new poles thereby overloading everywhere with cabling, it’s safe to use existing infrastructure and in this case, the already existing poles

The truth is that Nigeria lacks proper town planning. All utilities like electricity cable, optical fibre etc should be underground. If Nigeria decides to go on centralized water supply and centralized sewage system, a lot of demonition will be done.

From left (front row): President/CE, Dangote Industries Limited, Aliko Dangote; Minister of Finance and Investment Promotion, Mthuli Ncube; Standing: Vice President Oil and Gas, Dangote Industries Limited, Devakumar Edwin, and HE President Emmerson Mnangagwa of Zimbabwe, during the signing of a $1 billion landmark investment agreement between the Government of Zimbabwe and Dangote Industries Limited in Harare, Zimbabwe on 13 November 2025.
Source: Dangote Industries

MartinsD12:
How can a country be borrowing yet we cannot see the essence of the borrowing, it doesn't reflect on economy, very bad policy and a heavy economy burden for the next government that will come after this government now tell me how can the country move forward when the next government will be servicing outrageous senseless loans .

How can a country borrowing to consume see the essence of borrowing?

bobonla:
But baba said no more borrowing

No borrowing for a country that depends on imported goods and services to survive?
Are you serious or joking?

Ahoadaeast:
And you say external reserve dey increase?
Who is fooling who?

During election we heard .. "Tinubu will handle the economy Shetima will handle security"

Judge for yourself. If we are not doing well in both security and economy, have they failed or succeeded?

APC government met external reserves at $60 billion and after 10years, APC is celebrating the same external reserves at $43 billion, what kind of increase is hat?

mariovito:
Even with FIRS hitting their annual target in March?

Annual target in naira for an imported dependent economy that survived on dollars to import, but not interested in earning dollar but ready to used mineral resources as a collateral to borrow dollar loans while using naira revenue generated through high taxation to deceive her gullible supporters.

SmartyPants:
It's a free market. If the local refinery is effective, then the importers will lose. Simple.

Effective like importing petrol subsidized by government of other countries while your own government shout "subsidy is gone", what kind of effectiveness is that?

Beeron:
Not true, instead it will take the pressure off naira. Fare cost being expensive should be as a result of other market forces, Not because Naira dollar FX. We need to grow the Naira too.

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It wouldn't take any pressure off the naira but maintain it, if will depreciate, it will.

VeeVeeMyLuv:
They are probably feeding him directly from our national cake using a special feeding bottle!

So his selfish comment is not a surprise

Continue to swim in the ocean of ignorance!