₦airaland Forum

pongus:
Yet he keeps increasing fuel and cement price, this monopoly is enough

Where is the monopoly?

Ishilove:
Will Aradel be able to break Dangote's price monopoly?

Where is the monopoly?

frog12:
With local refinery like dangote, Petro should be 500 naira. These people dey cheat

₦500 based on your imagination or economic metrics?

Odenscollection:
#1 . The crude is not enough to give dangote because of corrupt animals and #2 dangote is greedy and wicked, he want to monopolise oilandgas as he did in cement. Listen if not for Bua, cement would have been 30k or 40k now iswear

After using tribe and religion to vote in bad government. It is now if not for BUA. Cement will be 30k, 40k, when you you will stop deceiving yourself?

emperor4love:
am an Igbo oga and I can't vote incompetence entity, secondly this guy is dead end monopolist opportunist,we have the likes of gate,musk and the likes in America,go and see what the are going for citizens,though you might not have been to state,atleast use your internet to research on you own,most time is not government is the problem here,if this guys wants the best for citizens he can do such,let's not just talk about workers and there pay in there factory and how much Indians are pay compare to his countrymen,are you trying to say even with the heavy tax on him in other African countries,he sell per bag at 13k naira to them ,do some research dude

So it is now imaginary monopoly that is your problem and not he bad government you voted into power?

emperor4love:
Elon musk is giving back to the state and SA that made him,this one wan use only price of cement make so many homeless,at end what matters to them na to add up billions to hit the Forbes first fifthy billionaire list

So it is now Dangote making Nigerians homeless and not the bad government you been voting into power using tribe and religion?

sleek214:
That's why they are painting the shares as the next best thing after sliced bread . That was how Elon Musk promoted the Space X shares and he became a trillionaire only for him to drop back to billionaire after the shares started falling.

You comparing SpaceX with Dangote refinery shows you how delusional you are

byinks:
The law says you cannot pay dividends to shareholders while owing debt.

How much is the refinery owing ATM ?

A lot of you overpaid today.

No dividends for the next 3-5 years

Which law says so?

Cmanforall:
What happened to the Flour that also went public?

Are people getting dividends?

Some bought back then, but don’t know its way about

Dangote Flour has been sold and it's retail investors have been settled.

fykes:
Two things are happening at the same time. Dangote IPO is being listed: Dangote is selling hope to investors using his established brand name, without any fundamnetals for the refinery. Nothing to say if its future is already priced in or not. Nobody knows if the next governement policy will liquidate the IPO value even before its share lisitng on the ngx

2. Investors are liquidating from already established fundamental brands to chase on the hope that Dangote is selling.


After being a Nigerian all my life, i think i know how this is gonna end. We shaa like hope in this country.

How can someone be this bitter?

Atheistan:
Stop spreading lies, stop making references to political ideas you know nothing about, throwing words around like communism like you have an idea what you are talking about. Then having your bots like all your posts.

China is a communist state, Vietnam is a communist state.
Are they queuing up for bread.?

Which China is a communist state?

Maj196:
Dangote is more of a curse than a blessing to Nigerians

When petrol was subsidized, you guys said it was free money for the rich and it has to be removed. Now it has been removed and you talking about blessings and curses?
How is that related to oil prices and the crises in the Middle East?

nairalanda1:
It is cheap..that's 0.013 usd or 17 naira.

So Iranians now buy petrol in USD and NGN and not 18,000 rials?

Darmi21:
Dangote is really holding Nigerians hostage through the federal government

It is now Dangote holding Nigerians hostage and not free market forces determining petrol prices as subsidy is free money for rich as you guys said?

kingjayzeelan07:
When there's monopoly, this is exactly what happens.

It is now imaginary monoply, continue to daydream!

12345baba:
Monopoly sweet o. See as dangote just dey press fuel price as if na play station.

Where is the monopoly?

bentenny:
Dangote is within his own rights to hike prices as he owns a private company.

It's the FG and president who is the current petroleum minister that have failed to repair our refineries after more than 3 years that should be blamed.

If those two refineries were functioning optimally and it should be,PMS by now should have been between 400-500 per litre.

If NNPCL refineries were operating, a litre litre of petrol will be selling close to ₦2,000 by now.

cr7lomo:
Dangote go finish us all for this country...he is on a mission to use Nigerians to hit top 10 richest men in the world

Dangote will finish you and the Tinubu that opposed petrol subsidy removal in 2012 but remove it as the first thing in office?

Switruth:
Dangote just dey misbehave. Time will come when he'll realize what he's done to Nigerian people. It's not funny at all.


Mad people everywhere

It is now Dangote misbehaving and not market forces demanding the price of petrol after subsidy which you guys called free money for the rich was removed

thesicilian:
4th increment in 3 weeks. Truth is, until there are other viable refineries in the country to provide competition, there's nothing much Nigerians can do to stop these incessant increments.

So oil prices is rising in the international market because there no competition according to you?

nairalanda1:
It is cheap..that's 0.013 usd or 17 naira.

Do Iranians spend USD, naira or rials?

Basicend:
We have a heartless irresponsible govt and a super greedy Dangote.

Why does Nigerians have to incur the highest price percentage increase worldwide in fuel price since the start of the Iranian/US war till now?

So is now super greedy Dangote and susbidy is no longer free money to the rich?

silibaba:
Wetin suppose concern Nigeria and strait of homo if we actually have a good president like Peter Obi?

There is crude oil in the south east and south south.

There is Dangote refinery

So wetin suppose concern us if US and Iran kill themselves?

Subsidy is gone says president Tinubu in his inaugural speech in May 2023

Shamo007:
A whole country relying on a private business to survive shame on its citizenry! Curse on it

It is a shame that you guys called subsidy "free money for the rich" and still expects petrol price to be selling at Subsidized rate without subsidy?

CaseSensitive:
Nigeria has oil just like Iran. It has been the backbone of our economy. Iranians are paying 14.48 Naira per litre while Nigerians are paying 1,430 Naira.

But we have clueless Nigerian Americans and Nigerian Israelis parroting the rhetorics of the people keeping them in shackles. This country is not ready.

Point of correction, Iranians don't spent naira. They spend Iranian rials with a litre of petrol over 18,000 rial. How is that cheapness for Iranians?

Ishilove:
I need to understand how subsidy removal transformed the industry into a monopoly where one man is now determining the price of fuel for his own profit. They are quick to adjust price upwards, but when the global crude price dropped, they refused to reduce fuel price...

Someone should explain this to me the way you'll explain to JSS2 Student

Where is the monopoly?

Jman06:
Honestly, minimum wage in Nigeria should be around ₦500k considering the prevailing economic conditions. Civil servants are really suffering this time due to rising cost of living!

Imagine having your salary exhausted just within one week of receiving it. Then you have no choice than keep borrowing till the month ends. It's not easy at all! I don't know if those at the helm of affairs in this country even think about the plight of civil servants at all!

₦500,000 that will look like ₦5,000 in the market!
When will Nigerians understand basic monetary economics?

Sirleo05:
why is buying properties the next thing after someone hammer from fraud? why no invest first so that people will think this is the source of your income . is acquiring properties our goal in life whenever we have money?

Just take a look how a citizen is advising a fraudster on money laundering!

londonerr:
There is nothing called subsidy

Which kind of economics did you study in school?

londonerr:
Dangote should understand that energy security is more than availability, but must include affordability.... Oga Dangote, your products should reflect that Nigeria is an oil producing country...such as Russia, Venezuela, Iran, Saudi Arabia, Kuwait etc


Furthermore these hypes makes the IPO scary

If you want subsidy, you should be at Aso Rock protesting!

omoredia:
Based on the general economic outlook. If the Iran war stops expect a massive crash. Dangote wants to save himself

How is Iran in the Middle East related to Dangote IPO?

omoredia:
This Dangote share price is overvalued. If you buy you will lose money

Overvalued based on what metrics?