₦airaland Forum

ufotunang:
It's the high exchange rate of 1725 naira to a dollar that is causing Dangote fuel to be expensive...so let the federal government appreciate the naira and make it have value against the dollars.. like if the exchange rate is from 600 naira to a dollar the price of fuel, disel, kerosene will be very cheap and affordable for nigerians to buy.. which it will reduce inflation and reduce the price of foodstuffs and goods and services... simple ..this one does not require prayers as Tinubu wife wanted to organize 7 days prayers

teepain:
Without prejudice to your submission that others should build their refineries and compete with Dangote, I am hoping that anyone who wants to build will enjoy exactly the kind of support that Dangote enjoyed from the Government while building his refinery. Support such as subsidized dollar, equity financing and others. It is only then that we can talk of fair trade practices.

engrchykae:
the magnificent seven.

2 guns
Denzel is possessed with a special bad boy gaze

Nuzo1:
That money was already borrowed for the sole purpose of 20% stake at the refinery.

Why was part paid and the rest restricted?

Who was in charge?

Who gave the order for the part payment?

Where is the BALANCE?

hardon1:
They should create a means where people can subscribe and view to their channels using smart phone and sim(forget all these thier dual view ans so on). and at a very cheap rate too... They will get back their customers in no time.

The future of TV is on smart phones and portable devices. Majority of adults these days don't watch TV except during news or sports.

They just buy it for sake of their children and visitors

Globad:
Don't mind them

They're blaming the loss of customers on inflation

Meanwhile, Netflix is growing under the same inflation

Who are they deceiving?Wrong comparison, Netflix is in the class with Showmax.

So many people are not happy with their pricing model on which they even repeat movies and shows without an opportunity to choose what to watch when you want it

Nuzo1:
Nigeria is not asking the important questions.

Nigeria borrowed billions of dollars to buy 20% stake in dangote refinery. But ended having 7% share.

What happened to the balance of the money?

dozymars:
At the end of the day, Dangote Refinery is owned by all Nigerians.

100 % owned by Nigerians.

Dangote is the CEO.

Know this and know peace.

DeLaRue:
It is not that easy to remove 40 or 50 trillion from circulation.

The CBN has been doing all it can to remove it. It will take a few years more to achieve.

malali:
https://guardian.ng/business-services/nigerias-external-debt-hits-42-9-billion-states-account-for-11/

MomohMrMoore:
Yea, thats good. Refine our oil, carry it outside to as far as Europe and Asia to sell. For us Nigerians, it is beyond our reach. Let the importers bring fuel into the country at competitive price.
FG can abandon Naira for fuel deal with Dangote as Nigerians cant afford dangote fuel. Sell in dollar to dangote as its selling in dollar to Europe, Africa and Asia countries

Tareq1105:
Dangote should reduce his price. How can the imported be cheaper than locally produced? I had thought Nigeria wouldn't need to import fuel but with the price Dangote is selling now, I think I'll support importation to stop Dangote from exploiting Nigerians.

Freebills12:
[color=#000099][/color]

They make big money from smuggling but sells PMS at a cheaper rate. Dangote that bought in naira, no shipping fee, no import duty, loading fee etc still sells at higher amount? Who then is racking all their resources? We Nigerians hate truth! How can Dangote PMS produced in Nigeria be higher than the one produced in Europe and shipped to Nigeria?

Ringstonerman:
All the huge figures nd Nigeria remains d poverty capital in d Universe... BAT has redefined failure in less than 2yrs. He plummeted an economy for his own selfish ambition, first, by forcing Buhari on us, and now, himself...

They know very well wat dey are doing. And to them, we citizens are nothing. Huge figures because naira is tissue paper






Day 2 of asking seun , asticlala , mynd44 and dominique to unban my account, "ringstonermask" that was unjustly banned

datola:
Why should the price be a secret thing

CodeTemplarr:
it doesnt work like that. Is dangote as a shareholder of Nigeria(a prominent citizen), buy crude cheaper?

Brushstrokes20:
I'm allergic to being quoted by scums! 💯💯💯

CodeTemplarr:
Shareholders who were pressured by Buhari 's govt to have thoae shares and have come out openly to say, look, having a stake in the refinery doesnt align with their vision.

oluseyiforjesus:
Leave petrol bring dollar to $1~#100 n see how Petro will follow suit......

CodeTemplarr:
Nigerians in their induced entitlement state now demand accountability from private individuals instead of public office holders and top civil workers like Kyari of NNPCL.
What happened to state owned refineries? Lets start from there.
Secondly, how much is crude sold to Dangote, below international price?
Thirdly, why is Dangote's direct price to trucks N11 lower than NNPCL's price to trucks from same refinery? Where does the N11 go to?

farmboy:
This guy is shameless and wicked. Dagote you are the major problem of this country, we thought you will change but it is obvious it is only God that will do us part. We were thinking your product will be N500 cheaper? What a shame.

orisa37:
PRICING IS A POLICY
TO DANGOTE, PLEASE REVIEW YOUR PETROL PRICE TO N500 PER LITER TO ALL AND SUNDRIES.
DELIBERATE DEVALUATION OF THE NAIRA IS ABSOLUTE LUNACY FOR THIS GOVERNMENT.

bdon123:
They are saying d truth ....petrol that is currently imported into Nigeria cannot be sold in europe.I hav known this for over 15years even before dangote refinery came into existence.
That being said,i tink dangote should reduce his price even though ano d price is based on d expensive crude they bought abroad before NNPC finally agreed to sell crude to dem.

Mayflowa:
I used to support the guy but this price is so unfortunate. Literally everyone fought so you could run this refinery and buy crude in Naira. Now you are competing price with international companies that pay more tax than you do, pay employees $60k - $150k per year which is an average of 200million naira per employees. He does even pay 12m per year to Nigerians employees. We are not even talking about transport cost before the PMS gets to Nigeria. Dangote is crazy. His fuel should be more than N600 per litre.

I was hoping NNPC was going to subsidize crude oil for him so he could sell cheap in Nigeria. Why was govt waiting for Dangote refinery all this while?

Well, we hope other refineries come up. Dangote is certainly not the answer and it breaks my heart 💔

Kobojunkie:
PMS is deregulated yet he keeps dragging NNPCL into it all as though to suggest Subsidy remains somewhere. When did NNPCL become PMS price regulator in Nigeria? Someone help me understand this abeg!

Brushstrokes20:
Dangote is obviously part of Nigeria's problem! 💯💯💯

Mille:
The difference in USD/NGN is less than 8% since the refinery became operational. 108% of the former retail price of 600 is 648. How did Dangote now arrive at 960?

Besides crude is sold to Dangote in Naira. I had no hope in him before knowing the kind of businessman he was, but this is just unbelievable.

ezewealth:
What do you want dangote to do, dangote is not your president rather he is a businessman and a businessman wants to maximize his profit fully. If you want cheap PMS hold your government responsible, let them build or fix our refinery so that they can sell 400 naira per liter, but will it be possible? NO!! corruption no go gree us

Ken4Christ:
Dangote is not our problem. I blame successive government for not fixing our refineries.

opey112:
Why is our own refinery not working?NNPCL ,MAJOR MARKETERS.

Kam2021:
See as Dangote shattered the expectations of Nigerians who were believing his refinery to make fuel cheaper. I no fit laugh.
So what difference has the refinery made now?