₦airaland Forum

onlinestaff247:
If she denies you her kpekus, go get it outside without battling an eyelid. She's the one that would beg you for it with her entitlement mentality.

it's better he divorce

Veste:
I am about getting off the hook of this type of woman that only wants me because of her selfish gains.
Imagine someone you married legally telling me to spend on her before she will allow me knacking since April. I stylishly locked up despite the conji before person go accuse of rape in another man's land.

My advice is guys, if u are going abroad or living abroad single please stay away from naija women ooooo.

Chai!!! This your story is shocking and unbelievable 😦😦😦

How can a lady you're legally married to say this kind of thing?😦 I don't pray to find myself in this position you are, I will make sure I divorce her. Her statement is so irritating

Is she sad she lost her UK visa?

Tecnophone:
obsolete.

It's so sad an Iphone X now cost over 180k in Nigeria because of the weak Naira. Even iphone 7+ and Samsung S8+ cost over 120k

Iphone X nko

Gizmomachine:
List of supported iPhones on iOS 18:
iPhone 16
iPhone 16 Plus
iPhone 16 Pro
iPhone 16 Pro Max
iPhone 15
iPhone 15 Plus
iPhone 15 Pro
iPhone 15 Pro Max
iPhone 14
iPhone 14 Plus
iPhone 14 Pro
iPhone 14 Pro Max
iPhone 13
iPhone 13 mini
iPhone 13 Pro
iPhone 13 Pro Max
iPhone 12
iPhone 12 mini
iPhone 12 Pro
iPhone 12 Pro Max
iPhone 11
iPhone 11 Pro
iPhone 11 Pro Max
iPhone XS
iPhone XS Max
iPhone XR
iPhone SE (2022)
iPhone SE (2020)
Source: https://gizmoreel.com/list-of-iphones-receiving-ios-18-update/

You forgot to add Iphone X on the list

Realtruth2023:
Dude that is a bridge along Ikorodu road naaaa. You people should stop overexagerating things. It was a routine maintenance naaaaa.

Tchewww

Nice one! It will reduce the traveling time between ojota and maryland

Many Nigerians are understandably shocked that petrol being pumped out of the Dangote refinery (DR) will not be selling at a relatively affordable price at the pumps, or a little cheaper than the imported variety. Long conditioned to subsidised products, they had expected that locally produced gasoline would offer a huge relief from the cost-of-living crisis they’ve been enduring since last year. Hope was heightened when the government announced recently that Dangote will buy Nigerian crude oil in Naira and sell his products within the country in the same currency. In many social media platforms and talk shows, Nigerians have been busy analysing the refinery’s production economics and explaining why we should be buying cheap fuel soon.


‘’Why would Dangote not sell his petrol cheap or cheaper than imported product when he is not bearing the cost of shipping, LC charges, wharf charges, insurance, and other costs borne by importers?’’, a disgruntled university professor wrote last week. Another person noted on X, ’’Anything above N766 per litre from Dangote is back to square one’’. One other commentator wrote, ‘’Queuing for fuel is not our problem. If Dangote’s fuel is not cheaper than what we have now, then the whole thing is not worth it’’.

I had always known that Dangote’s fuel would not come cheap, but I did not expect that it would go as high as about N1,000/litre. When I visited the refinery in July as part of a media tour, I had remarked during the question-and-answer session that Nigerians were looking forward to buying petrol from the refinery at between N400 and N600 per litre, against the retail price of over about N700 per litre then. My remark drew a chuckle from the man himself. Just this morning, NNPC announced that it would sell Dangote petrol at various prices, depending on location. In Lagos, for example, the product will sell at N950 per litre at its stations; N980 in Rivers; N960.22 in Oyo; N999.22 in Kaduna, Sokoto, and FCT; and N1,079.22 in Borno. NNPC will make a margin of N26.58 per litre after incurring a distribution cost of N15/litre, an inspection fee of N97/litre, and an NMDPRA fee of N8.99/litre. On Sunday, NNPC had told us that it purchased petrol at N898/litre (it actually paid 55 cents/litre) from Dangote.


I commend NNPC for these disclosures, and I should note that these prices are only obtainable for the month of September when NNPC is buying in dollars from the refinery. For October, when crude would be sold in Naira, the prices may change, depending on a few variables like the exchange rate and the crude oil price in the international market.


Clearly, the downstream market is now fully deregulated, and for the first time in our history, subsidy is truly gone. Nigerians should brace up for a market-determined pricing structure that would be influenced by a few factors: price of crude oil; exchange rate; cost of refining; overheads; borrowing costs; and insurance. Crude oil price will continue to be a major determinant of petrol price. Even when NNPC sells crude in Naira to DR, the pump price would still be determined by the prevailing exchange rate. If the naira continues to slide, petrol prices will increase, even if other factors remain unchanged.


This morning, crude oil is selling at about $72, and at the exchange rate of N1,600/dollar, Dangote would be buying a barrel of crude oil at about N115,200. Although there are many other products that are obtained from a barrel of crude oil, petrol will not come cheap because of other inherent costs in the production process. Dangote is highly indebted to Nigerian banks, and even before his refinery began production, he was already repaying and servicing his debts. He had told the media in July that he had incurred huge interest charges due to failed attempts at land acquisition in Ogun State and delays in construction in Lagos State due to communal issues. The accumulated interest charges and other interest costs will count in the pricing of his gasoline.


I am sure that the refinery is fully insured by foreign insurers, and huge premiums are paid yearly in dollars. According to loss adjusters in the United States, a refiner worth $1 billion will likely pay a yearly insurance premium of $2.5 million or more. You can imagine what Dangote Refinery, the world’s largest single-train refinery, worth about $20 billion, will pay every year as a premium. This will also be factored into its pricing structure.

Dangote’s costs of production must also be very high, and this will impact heavily on the pricing of its products. The refinery provides everything for itself, including building three ports within the complex for its use in bringing in heavy equipment and building a huge 400 MW power plant to provide its own electricity. In addition, DR has over 8,000 people on its payroll. During construction, 29,000 Nigerians and 11,000 expatriates worked at the site. The huge wage bill would have to be taken care of by the selling prices of the products.


But despite the relatively high cost of Dangote petrol, this refinery is about the best thing that has ever happened to Nigeria’s industrialisation and economic development in terms of the multiplier effects and expected uninterrupted fuel supply. Since the refinery will buy crude oil in Naira, that should ameliorate the impacts on the exchange rate. As the naira firms up in the months ahead, I expect inflation to dip southwards. With all other factors remaining the same (they hardly do, anyway), prices of other items in the market should fall. The only reason petrol will sell cheap is if crude oil goes for as low as $40 per barrel or if the dollar exchanges for N800 or less. Both have significant implications for the economy, of course. But with tension mounting in the Middle East, cheaper crude oil is not likely soon.


I have taken note of the assurance from the Finance Minister, Wale Edun, that petrol prices will fall as the refinery scales up production. Speaking at the refinery on Sunday, Edun said, ‘’We’re expecting that as this refinery, and even others, ramp up production, scale, and achieve economies of scale, there should be the opportunity—and there is definitely the potential—to reduce their costs, which should be passed on to consumers’’. I agree, provided all other factors remain unchanged. Will they?


https://businessday.ng/opinion/article/why-dangote-petrol-cannot-come-cheap/#:~:text=Although%20there%20are%20many%20other,repaying%20and%20servicing%20his%20debts.

kanupapilo:
Corruption capital of the world with occult leaders who want to see the poor suffer.


https://www.youtube.com/watch?v=Wg7lfHL_l1w

Jonathan was the president when Cameron said this

Yourprick:
https://www.channelstv.com/2024/09/16/it-doesnt-make-sense-for-nnpcl-to-sell-dangote-petrol-higher-than-imported-ones-ipman/

This is a false statement, it's cheaper buying from Dangote

UEFA is bigger than England on this issue, they will ban England and heaven won't fall

Depriest2020:
The aesthetic of that ICC lacks class. Would love to start seeing things like this 👇 in Anambra.

It cost over $100m to build the structure in the picture below

washmibili:
This not a bad price. Nnpc should steer clear off that refinery and let marketers buy directly from the refinery.

After all you already removed subsidy what more do you want

Which kin chidish comment be this? The way a lot of people just talk anyhow on the social media this days eh 🤣🤣

Let me see the numbers of truck Nairalanders who have been asking for the price will buy now that they know the price.

G

maiunguwar:
That Lekki road go collapse very soon

Which of the road in Lekki are you talking about?

uncleck:
The singular fact that NNPC is the sole distributor of Dangote petrol means that the masses will have zero benefit from the magnificent refinery. NNPC could buy at N10 and decide to sell at N100.

A lot of you guys just love writing nonsense

Edo no b Lagos

Josephkabila12:
Very beautiful headquarters of Famfa empire at Victoria Island here in Lagos State

The building is at Ikoyi not VI

IKEDC should downgrade them to Band E

gidgiddy:
Seems to me more like a group of civilians were rounded up and executed

Talk like a sensible person

Figger:
Everything has already been planned out the moment NNPC changed Thier price from 600 to 879, all this hanky panky they're playing is just to decieve Nigerians. So officially, a litter of pms is not going below 800 a litter in Nigeria anymore.

It will fall below #800/litre when the naira start gaining value

This might lead to a fall in price at some of the filling stations in Lagos

…25m litres to be delivered daily via NNPC Trading Ltd
Dangote Refinery is set to commence the distribution of its refined petrol to retail outlets across Nigeria starting this Sunday, BusinessDay’s findings have revealed.

Sources said the pump price of petrol will remain unchanged, despite the introduction of its product into the market. The initial daily allocation is expected to be 25 million litres, delivered through the NNPC Trading Limited at a cost of N765.99 to marketers.

“NNPC Trading Limited will continue to import a shortfall of 15 million litres to meet Nigeria’s daily demand for petrol estimated at 40-50 million litres a day,” a source said.


He added, “Each marketer will take a maximum of 50 trucks daily; They will buy at a price of N765.99 through the NNPC Trading Limited, including their costs movement and sell at the current pump price of N855 to N897 depending on the location per litre”.


To ensure a smooth transition, marketers have been instructed to start sending their trucks to the refinery today to facilitate the lifting process.


He added, “Next month Dangote refinery will move to a daily allocation of 30 million litres from then marketers will be picking by vessels”.

BusinessDay’s findings showed there will be a joint statement by both NNPC and Dangote refinery teams who are currently meeting in Abuja.

The move is expected to significantly boost the country’s fuel supply and alleviate the challenges faced by consumers.

Dangote Refinery, located in Lekki Free Trade Zone, Lagos, is a major milestone in Nigeria’s industrialization efforts. Its operationalisation is expected to reduce the country’s dependence on imported petroleum products and contribute to economic growth.


European refineries
Dangote’s production is expected to impact billions of dollars of trade in fuel markets regionally and beyond as Nigeria remains a global demand sink for the fuel, receiving almost 250,000 barrels a day in shipments last year, mostly from Europe, according to data from analytics firm Vortexa Ltd.

For decades, European refiners have enjoyed a lucrative market in Nigeria as an unreliable power supply from the national grid forces companies across Africa’s fourth-biggest economy to rely heavily on imported refined products with a net value of $17 billion annually.


Traders and shipping data seen by BusinessDay showed Nigeria’s new Dangote refinery is ramping up gasoil exports to West Africa, capturing market share from European refiners.

“As much as ‪300-400,000 barrels per day (bpd) of refining capacity in Europe is at risk of closure because of rising global gasoline production,” Andon Pavlov, an analyst at Kpler, a global trade intelligence platform, said in a note.


https://businessday.ng/news/article/marketers-to-start-lifting-petrol-from-dangote-refinery-on-sunday/?amp

This useless terrorist leader was asking other terrorist leader to join him in fighting the Nigerian military

Look at the clean headshot by the wicked Nigerian military

Gallant DSS Operatives and NAF dealt decisive blow on marauding terrorists in Bassa, Shiroro LGA of Niger State.

ogododo:
A notorious bandit identified as Kachallah Buzu has been gunned down in Zamfara State.



https://dailytrust.com/troops-gun-down-turjis-boss-other-notorious-bandits-in-zamfara/

You don't have pictures of the dead terrorists?

God bless the Nigerian military

Glistinin:
You know nothing! Only earning in dollars can beat inflation in Nigeria. Earning in naira is the worst thing anyone can do now.

So far you will change your dollar to naira, there's nothing to smile about

There should be no ban on importation of fuel like it was done to cement and rice