₦airaland Forum

pocohantas:
Lol. It is no more respect, now honour.

Before it is was men crave RESPECT, not LOVE.

Soon it would be WORSHIP.

Then same men would complain that women don't marry who they LOVE.

If God that created Man, commanded woman should to show "RESPECT" to Man... whats the confusion still about

Do women really marry for love lie make thunder do the needful

... there is a reason paternity fraud is rampant

seanfer:
The question most Igbo people are not asking is.... WHAT HAPPENED TO THE NAIRA NOTES THE LEADERS TOOK FROM THEIR PEOPLE IN EXCHANGE FOR BIAFRAN POUNDS?. That money ends up in some people's pockets..

Have they even admitted they Exchanged there Naira for Biafran pounds

There countenance is they left there Naira with Nigeria banks, so on what measurement was biafran currency alloted to igbos when they returned home ? there must be an xchange

Zimbabwe just introduced a new currency, citizens will bring in the old notes to get the new currency that is the standard practice anywhere ...

You will never see pocohantas on a thread like these, make person dey hoard gist

These matter again ! i was surprised when kanayo.O.kanayo in afamefuna movie made reference to the £20 insinuating Nigeria govt short changed them, and £20 was what they had to build there entire life upon,

Most of us were not there but we can ask rhetorical questions to unveil the truth

It is a known Fact, Biafran currency was printed, on what bases was the currency given out ??
when Emiefele printed new notes, Nigerians were ask to deposit there Old note in there respective banks. isn't ?

The most logical thing Biafran bank at the time could have done is ask igbos to deposit there Old naira notes in xchange for new Biafran notes equivalent.

My guess is most igbos withdrew there money from Nigeria banks and took it to xchange for Biafran notes .. after the War no one will accept the Biafran notes from them, dem enter One chance !

what Next they resulted to sentiments and play the victim card, it worked ! they got free £20 they never appreciated lawason land and Alaba int'l were given

During the biafran war, i am sure Non-igbos died and some Nigerians suffer loses as well what did those ones Get ??
Ojukwu despite commiting treason, came back to Nigeria and got all his gratuity, was even allowed a befitting burial .. ki le tun fé


IGBO Amaka anywhere you no see igbo gurlz .. run nothing dey tha place

pocohantas:
Ohhh. I thought it was Nigerian women o. I wonder why they have to impersonate white men. I thought foreign women love black so much.




I understand you . Something about his looks isn't my thing. Lmao @ cry. I imagined you saying that.

you might as well be curious why they use "VPN" smh

these one don chop so tey fat don dey enter wrong places !

greggng:
The value of money is what money can buy. In 2014 1.7m can buy what your 3.5m now can buy ..There is nothing to be happy about

Maybe you should give us your own formular to calculate profit ? lets start from there

advanceDNA:
because all u are doing is being condescending, there's no point dialoguing....u are even using moniker to make point...its childish to me

Oga tell me i did not made sense, you don't know and you don't wana Learn, haba

When you come online and made baseless claims its an insult to our collective intelligence , from myndd to me you couldnt even advance in any form

AmotekunSW:
You didn't consider inflation.

No wonder you are saying school na scam. You reasoning is limited to only plus and minus like a petty trader.

Some of you are just unbelieveable, so if i consider inflation ... i will sell a car i bought 10yrs ago 1.7m for how much exactly ... 20m or 30m because of inflation cos i don't get you guys

One reason why Cars are not consider Liability is because of depreciation overtime, never in my entire school days did we use inflation to calculate worth of an asset or car ...
so many of you can just speak english but the reasoning is very low haba ! no wonder pocohantas thrive here

Using inflation, oya give us formular to calculate profit

advanceDNA:
As usual U just came to be condescending .that's all

For onces you did not advance in making your point, maybe its just in your DNA to argue without facts learn

advanceDNA:
I don't understand this topic??
But u agree?? Sigh!!


No



Dangote will not, to a great extent save us because we have other huge imports and corruption everywhere...dangote will only help a bit...


With private firms like Dangote in the mix??

What has Dangote got to do with CBN corruption on FX dealings with importation....crude oil products is not our only imports naaaaa

So many things you said that are wrong which you will rather not admit but shift the goalpost, no one is against upscaling local production

US has trade deficit, yet china with the highest trade surplus is 2nd to US ...you are entitle to your opinion but where they are talking facts please just watch and learn

advanceDNA:
My point is....Until u account for all the factors involved...u cannot claim Dangote's operation will automatically save the naira

What factors bro you don't really understand these things topic,

i agree FG/Nigeria have to do more, esp. as to more local production
However to a great extent Dangote refinery will save Nigeria a great deal of her foreign reserve, $20billion might be chicken change to you but its all to Nigeria

With a private firm like Dangote in the Mix all that corruption you are hinting at, will be sidelined cos there is no course to inflate or lie

Infact with dangote on board, it is now we will know the true consumption of Nigerians per day

Chummynoni:
do you know what they call time value of money? At at 2014, the 1.7 was big money just the same as 3.5m.

Time value, Time machine, call it whatever ...

If you understand or know how to calculate depreciation you should know a Car driven for 10yrs as exceeded its Utility therefore selling it above the cost price is nothingelse But profit

Like i said before, Purchasing power and monetary value is immaterial to compute Profit

advanceDNA:
U funny........It doesn't invalidate my comment.u are just trying to deceptively make it appear so ......because u saying china and US are biggest importers hence imports yet have the best economy is a one sided statement......u know its because of their export..same US and china are the biggest exporters in the world..

Baba....importation is not even a bad thing especially if u have a good exchange rate..if u have the export to back it up.......

We don't have the export.....but Reno just fallaciously claimed gat Dangote's operation will automatically boost naira even said those with dollars will cry....they won't cry...because the naira won't improve greatly....

If Dangote wants to vex now..he can even decide to demand for dollars from oil marketers since he's buying the crude he's
refining in bought in dollars from outside


Have u accounted for corruption in this whole matter...Nigeria is the more u look the less u see ooo

Now you are just throwing weight around, no regard for facts, incase you don't know china, russia and norway are countries that export more than they import
However US net import is more than they export yet china economic that recorded highest surplus is 2nd to US with trade ...

Dangote sold Diesel to marketers why e no vex collect dollar, asides paying expartriates is it dollar dangote will use an run overhead cost and administrative expenses in a Naira economy.

Bros you need to revise and study, don't just assume you know

advanceDNA:
I saw what mynd posted.....And I told him our food imports is way higher than that..cos wheat is not our only food imports.....

My point is we need more than stopping fuel imports to greatly improve our exchange rate which is why Reno is being tackled for fallacy and propaganda spreading....
Have u even accounted for heavy corruption
.can u even account for it in the exchange rate

Ok! but you didnt backup your claim, however i assure you, Nigeria net import of foodstuff can not be greater than petrol import lets be realistic here

US and China are the greatest net importer of foodstuff but these two nation have the biggest economic in the world .. which invalidates your arguement

IMAliyu:
While I like the fact that the Naira is appreciating, it seems to be artificial, and it seems our FX reserves are being used to defend it.
This is not sustainable, unless the CBN has some unknown plans to solve this.

No one is arguing its sustainable, however desperate times require desperate measure,

CBN must do everything possible to sustain the Naira value till Dangote fuel come on board, by then we won't be expending over 60% of our FX earning on importing refined product that is the scope

advanceDNA:
Yes it will....
Read my text I said it won't be greatly significant...and my reason is we are heavily dependent on other imports...if crude oil products was our only imports then Dangotes fuel hitting the market will gigantically improve help

Are you aware Dangote refinery is enough to cater for nigerians daily demands, meaning lil or no need for importation of refined crude that takes 60% of our FX.
If Nigeria saving 60% of FX normally expended is not greatly significant then 40% must be bigger than it sounds

True, we are import dependant, but if you study the attachment myndd dropped you will realize the other imported products (Net worth) aint weighty enough to keep balance of trade down .. didnt you see petroleum import cost
gigantic improvement is one comic illusion, not in economist

Osanoghodua1:
FG should massively import foodstuffs to crash the market.

FG importing foodstuffs will come at a cost plus subsidy which is not viable,
the best approach to crash market prices is FG should open Land borders that will give needed competiton to all players even Northerners will be level-headed

advanceDNA:
Demand for naira is what will boot naira in a floating currency system....

...hope u understand that Dangote is not exporting crude oil products to other nations in naira...he's being paid in dollars for his exports ....

His business operation will not significantly boost naira as Reno claimed without the government heavily paying subsidy on the exchange rate as they are doing now......

Thats why they are saying Reno is a paid propaganda spreader.....

However you choose to look at it, Dangote turnover be it naira or dollar is beneficial to Nigeria GNP,
The most important thing is balance of trade, in as much as our Export increases its will foster economic growth

Nigeria sells Crude oil in dollars, how is it detrimental

pocohantas:
You are being smart by half. While people can have diabetes from birt[b]h, Mr Ibu didn't have diabetes from birth.[/b] This is comparing apples to oranges and if I come hard on you, you will claim you have never mentioned me on Nairaland.

Please don't choose today for your stunts. People should watch their lifestyle and diet. But you can choose not to watch yours since death is inevitable. There are people ever willing to type RIP for you. This includes me of course.

You must be really close or perhaps his doctor ... sha don't disclose his d*** size


Do you even know there are 1000 ways to die, men dey use there gurlfriend for ritual esp. gurls wey tew like money

clarocuzioo:
Dollar going down is a welcomed development. Its just unfortunate the CBN is using our foreign reserve to defend the Naira.

We are depleting our foreign reserves.

Tinubu simply returned to Emefiele's policies they criticized.

As long as it a temporary measure .. its Ok, at the moment to priority is to restore "SANITY" to the parrel market and displace saboteurs

If we deplete our foreign reserve to build an enabling market that will reinstate forces of DD and SS i think its worth it

Zonefree:
There's no profit here.

The value of 1.7m in 2014 is greater than the value of 3.5m in 2024.

In 2014, you can buy 600 bags of cement with 1.7M.

Presently, same 600 bags of cement is nothing less than 5.4M

it is good to know you have A1 in maths, however

Profit is not define by economic value or purchasing power, instead of going Further its just a simple maths

Cost price - selling price = Profit.

Besides No one stores or has Bags of cement produce in 2004 to sell in 2024

10yrs ago land in my area is sold for 3m/4m which is enough to JAPA but today same land are sold around 12m and its not enough to JAPA .... so for these simple reason do we say Land is not an asset or discard ROI

Zonefree:
Cars are depreciating asset while lands are long term asset.

cars are depreciating asset Before not anymore, imagine someone bought big daddy camry 1.7m 2014 and fastforward to today he wants to sell the car for 3.5m

that is like 101% profit ... upon useage


Sometimes school naa scam

Proserpina:
If we no spray our body no go light nah

But don't Igbos spray too?

these one think say naa perfume we dey talk for here

body odour knows no tribe

LordAdam16:
NNPC subsidizes gasoline.
The real cost on the international market is higher than 568.

If Dangote sets a flat rate of less than #500 in an open market, buyers from outside Nigeria will buy everything for the next 2 years.
They'll load at his refinery, move the gasoline to Apapa Port or across to Cotonou, and ship outside Nigeria at international price with huge profit margins.

It'd be the equivalent of opening a sachet water outlet and deciding to sell at N5 per sachet and N90 per bag.
You'd never have it in stock because outsiders will come with cash and speak for everything you'll produce right from the factory floor.

-Lord

Its convenient to cite fuel subsidy, funnily no on one knows how much fuel should cost without subsidy, do you know ?

i know fuel is an "international commodity" meaning it has a nearly Universal price BUT Regardless freight and duties are one major cost that can not be undermined esp. when ruled out

No one is saying Dangote shouldnt make profit, but the beauty and essence of local production is an "Alluring Price" it must be cheaper

Blaze14k:
There's alot of secrecy in regards to what is going on. We hope they get exposed someday. Same dangote that fought ibeto cement is now importing crude from United States.

I agree there is lots of secrecy and conspiracy in play, But Nigerians know they are the only ones that can stop these people ... we must not just swallow everything they drop at us

Let Dangote give us COST incured and show workings of whatever Price he arrives, nobody is against him making profit

LordAdam16:
It'd be funny if it wasn't so sad.

Dangote can sell to literally anybody on the planet.
His refinery is right on the shores of Lagos. Load and go.

But somehow they expect Dangote to sell below the current international rate when even Benin Republic will buy at higher prices.
Everybody sells something. It could be goods for profit or services for salary.
Yet, for whatever reason, they expect someone else to do something they'd never do.
Sell below cost price when there's literally a litany of buyers who are fighting to pay the going rate for your goods.

-Lord

IF foreign Fuel is sold @ 568 by NNPC, please elucidate why dangote fuel shouldnt sell below #500

Acidosis:
They're proposing N550 to Dangote, not you. You think they're buy at N550 from Dangote and sell to you the consumer at N550?? Hehehe


Nigerians sha. The same Dangote wey una dey insult everyday over the price of locally-made cement, sugar, etc. has suddenly turned to una saviour. LMAO.

Whatelse will you call a Man that has done what govt portray as Mission impossible (refinery) for the past 40yrs

Blaze14k:
Am afraid dangote can't go that low cos he has so many stakeholders in that company

why should it be about stakeholders, is it not prime cost + total relative cost that decides "selling price"

free2ryhme:
How is it that buyers tell the seller how much the product should sell.

Did these buyers tell him how much he should pay for refinery construction

if imported fuel sold by NNPC is currently 568 is it not common sense that local refined fuel should sell at a significant price margin

Since petroleum decides Nigerians fate to a larger extent its not out of place if people get involved. we need more people like Air peace and Bovas in Nigeria

Nazgul:
Haba, N550 is too much na. NNPC in Lagos is currently selling at N568 so what's the difference between N550 and N568. Barely N18.

They should propose from N400 and below. Anything outside that would not really make any difference.

Don't mind those rogues, all they care about is there greed pocket

How they try to undermine missing "Freight cost" on local refined product is ludicrous

Babzrockman:
We need more people of your mentality as Nigerians. We need to patronize our own to fight this dollar

You are just being conventional, if you are observant it is when govt increased list of contra bands and close border Naira depreciated the most

One annoying thing about local producers in Nigeria, An hike/increase in price has a corresponding reduction in quantity and quality of the product .

Its not just enough to say people should patronize local products, do these products meet standard & customer satisfaction, even the price margin between foreign and the local product is it enticing enough

Babangidapikin:
Proposed ke, let him sell at what is profitable to him and his company... Buy Nigeria products you na go dey do shakara ... Glo crash MTN .. Air Peace don crash that yeye Proposed National carriers price ..Messr Dangote Refinery don crash Diesel price ...Buy made in Nigeria products... Nigeria products don't bite your pocket ...

Base on the Fact that Nigerians are the Most Greed & self centered Bastards on planet earth both marketers and dangote should not be left alone to decide fate of Nigerians ... they have cos human face

As much as Dangote has every right to decide "PRICE" .. govt/nlc must jointly review the computations and profit margin