₦airaland Forum

Confirm4real:
Far better than those earning in Naira

The are not far better than those earning in naira

Confirm4real:
People earning 💰 monthly in Nigeria will be smiling to the bank

So far they will be spending in naira, there's nothing to smile about

Before the end of 2024, Naira will be between the range of #1000-#1200/$

I only pour water on my body, I make use of soap just once in a while

I can't go to bed without showering in the night, no matter how cold the weather is

nairalanda1:
Nope, bad move.

Would you let government control your price?

I don't think Government is trying to control price but their petrol is not always complete.

nairalanda1:


The governor should face reality. Subsidy is no longer sufficent to keep fuel below N700. NNPC Limited is feeling the pinch, so they are passing down the cost to the marketers.

The government should wake up and stop paying subsides, and let the market determine the price. Instead of trying to be the Soviet Union, who subsidised everything, till their debt grew larger than their economy.

Their 1 litre should be 1 litre. How can someone pay for 10 litres and fuel and won't get up to 10 litres, is that not fraud?

Very soon, I will also experience all this

c3cc:
Yes the young lad is right, it's like a ritual money because ritual is involve no matter what. To get to the top and remain you must sacrifice.

I disagree, it's just talent, hardwork and grace.

Elofunem1:
Make Una dey decieve una self, after una don put hand for bad thing finish. All Nigeria artists na jaxmen

There's mad money in the music industry

Chinese company sign $3.3 billion agreement with Nigerian company for Brass Industrial Park, Methanol complex project


Chinese company sign $3.3 billion agreement with Nigerian company for Brass Industrial Park, Methanol complex project

The China Road and Bridge Corporation (CRBC) has entered into a critical project agreement with its Nigerian counterpart, Brass Fertilizer and Petrochemical Company Ltd for the Brass Industrial Park, and methanol complex project in a deal projected to inject around $3.3 billion into the Nigerian economy.

The Minister of Petroleum Resources, Gas disclosed this on his official X handle stating that the agreement reflects President Tinubu’s agenda to drive industrial growth and energy security in the country.

According to the Minister, the agreement was signed during the ongoing Forum on China-Africa Cooperation FOCAC in China.

RelatedStories
Tinubu assures Chinese investors of assets safety in Nigeria


It stated, “As part of activities during the ongoing Presidential State Visit and Forum on China-Africa Cooperation (FOCAC), I witnessed the signing of critical Project Agreements for the Brass Industrial Park, Gas Gathering Pipelines & Associated Facilities, and the Methanol Complex Project between Brass Fertilizer and Petrochemical Company Ltd. (BFPCL) and the China Road and Bridge Corporation (CRBC).”

“This partnership is set to inject about US$3.3 billion into our economy, driving growth and innovation in Nigeria’s energy sector which is pivotal in driving Nigeria’s industrial growth and energy security, in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.”



What you should know

The Brass Oil and Gas City project aims to position Nigeria as a premier hub for downstream oil and gas manufacturing and industrial activities in Africa. Situated on Brass Island in Bayelsa State, it is envisioned to become one of the world’s largest centers for petrochemical, fertilizer, refinery, and hydrocarbon processing.
These developments will contribute to the creation of a world-class, export-oriented oil and gas processing city in Nigeria. To date, $3.5 billion in investments have been committed to projects within the Brass Oil and Gas City.
Brass Fertilizer & Petrochemical Company Limited (BFPCL) is the sponsor of the Brass Methanol Project, a joint venture between DSV Engineering Limited (DSV) and two Nigerian state-owned enterprises—the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Content Development & Monitoring Board (NCDMB). BFPCL will own and operate the joint venture.
The project is situated in Brass Island in Bayelsa State, Nigeria, comprises various components, including a gas supply network that connects gas fields, wells, and pipelines, a natural gas processing plant, a methanol production and refining facility, product export terminals, and supporting utilities and infrastructure.
Both the Gas Processing Plant and the Methanol Plant will be located on a 667.5-hectare site at the eastern end of Brass Island, near the St. Nicholas River and bordered to the south by the Atlantic Ocean.



https://nairametrics.com/2024/09/04/chinese-company-sign-3-3-billion-agreement-with-nigerian-company-for-brass-industrial-park-methanol-complex-project/#google_vignette

thesolutions:
you sure knows he won't make a loss if he sells at half market price. The product is a bye product just like tar. If we have a serious government, a working refinery will determine the price dangote will sell theirs. In just few days of his refinery operation, he has regained his status as Africa's richest man. Give him 2 years without price control, he will be gunning for top 5 in the world.
Price control won't affect his company. It will control his wealth.

If it cost #1000 when it's imported, buying from Dangote won't make it become #500, pata pata #800-#950.

But the benefit of producing it locally far outweigh the price it will be sold. Dangote can't sell at an outrageous price

thesolutions:
This is really great. The only thing we hope for is for it to be price friendly for the Nigerian market. What is the essence of removing pressure on the dollar and strengthen the economic outlook of the country without visible improvement the people wellbeing?

Dangote won't sell below the market price in naira. He's not in business to make a loss. Price will eventually fall sha, when the naira start gaining value before Dec 2024.

Ikaeniyan0:
“We will satisfy the market 100 percent,” said Dangote. “This is so because these industries that are struggling and having to go and look for FX that they will not get and still have to keep stock for four or five months because it’s not easy shipping, clearing, and whatever, can buy as they need.”

He noted that the refinery is determined to do this because it will reduce the cost of importation and scramble for foreign exchange.


“We are also in the business. And our demand also as Dangote is huge. We have Dangote Packaging and are one of the biggest demand users of polypropylene,” he added.

Polypropylene is a versatile plastic used in a wide range of packaging applications. It’s often preferred over materials like cellophane, metal, and paper due to its flexibility, durability, and cost-effectiveness.

It is used in food and confectionery, tobacco, and clothing industries in flexible form while in rigid form, polypropylene can be found in caps, closures, pallets, crates, bottles, JIT storage solutions, and containers for products like condiments, detergents, toiletries, and yogurt.


Polypropylene’s versatility and benefits make it a popular choice for packaging across many industries.

“The polypropylene market is growing rapidly owing to the rising demand from the packaging industry. This high demand is associated with the increasing consumption of packaged food and beverages,” said Fortune Business Insights, a research firm.

“It also helps in reducing the possibility of food deterioration and quality loss.”


https://businessday.ng/news/article/dangote-refinery-eyes-nigerias-268m-polypropylene-market/?amp

Let's even forget about the fact that it will give the naira more room to breathe, just imagine the positive effect its going to have on industries in Nigeria

Dangote Oil Refinery, the largest in Africa, has set its sights on capturing Nigeria’s $267.7 million polypropylene market starting next month, Aliko Dangote, president of the group said, as its largest oil and gas project edges closer to full operational status.

The refinery, part of the vast Dangote Industries conglomerate, is expected to reduce Nigeria’s reliance on imported polypropylene—a crucial raw material in various industries, including packaging, textiles, and automotive parts.

“Let me assure you of one thing, Nigeria from October will not import any more polypropylene, which used to be about a quarter of a million tons,” he said. “No more imports of polypropylene.”


Polypropylene, a versatile plastic used in a wide range of applications from packaging and textiles to automotive parts and medical equipment, is currently imported in large quantities by Nigerian manufacturers.

Annual polypropylene import into Nigeria is estimated at $267.7 million, according to TradeMap, which peaked at $407 million in 2022.

The latest data by the National Bureau of Statistics (NBS) revealed that the country brought in the product valued at N99.6 billion in the first quarter (Q1) of this year, placing it at number 12 on the top 15 products imported by Nigeria from the rest of the world.

“We will satisfy the market 100 percent,” said Dangote. “This is so because these industries that are struggling and having to go and look for FX that they will not get and still have to keep stock for four or five months because it’s not easy shipping, clearing, and whatever, can buy as they need.”

He noted that the refinery is determined to do this because it will reduce the cost of importation and scramble for foreign exchange.


“We are also in the business. And our demand also as Dangote is huge. We have Dangote Packaging and are one of the biggest demand users of polypropylene,” he added.

Saudi Arabia, South Africa, South Korea, China, and Vietnam were the top importers of polypropylene into Nigeria in the first quarter of 2024, covering 90 percent of Nigeria’s demand.

Polypropylene is a versatile plastic used in a wide range of packaging applications. It’s often preferred over materials like cellophane, metal, and paper due to its flexibility, durability, and cost-effectiveness.

It is used in food and confectionery, tobacco, and clothing industries in flexible form while in rigid form, polypropylene can be found in caps, closures, pallets, crates, bottles, JIT storage solutions, and containers for products like condiments, detergents, toiletries, and yogurt.

Read also: Lifting of petrol from Dangote refinery to start Sept 15 NNPC

Polypropylene’s versatility and benefits make it a popular choice for packaging across many industries.

“The polypropylene market is growing rapidly owing to the rising demand from the packaging industry. This high demand is associated with the increasing consumption of packaged food and beverages,” said Fortune Business Insights, a research firm.

“It also helps in reducing the possibility of food deterioration and quality loss.”


https://businessday.ng/news/article/dangote-refinery-eyes-nigerias-268m-polypropylene-market/?amp

Seun, I pray Mynd44 and fergie001 won't send nairalanders in the politics section away with thier incompetency. How can I be banned for a single offence by two different mods?

Someone was attacking and abusing me unjustly, and I directed his curse at his father. I was banned by one of your mods, the ban expired today, while trying to comment on the politics section, I find out I was also banned by another mod on the section just for a single offence, this is an irresponsible move.

I don't deserve to be banned till October 7 and i highly doubt the guy who started the attack one got banned. He logged in with his other account and reported just my comment while nothing was done about his attack on me.

There are Nairalanders like smartpolitician, slawomir etc in the politics section who created another account after their main account got banned and nothing has happened to them.

Banning a nairalander for defending himself for a long period of time is a dumb move by your mods because he or she can just create another her account, and what I said do not even deserve such a long ban. On Twitter, Facebook, Telegram etc people don't get banned for such a long period of time for inconsequential reasons. I can just create another moniker and continue commenting on Nairaland politics section.

You need to take a look into the irresponsible manner your mods in the politics section ban people irresponsibly. Even if I should get banned for defending myself, it shouldn't be for more than a month, this is a very dumb move.

There are numerous guys in the politics section using thier other accounts to comment and nothing has been done by the mods.

[quote author=IfnobeGod20 post=131896387][/quote]You're a disgusting hypocrite

A sore election loser

The snake is massive

The woman stand no chance

alphonsojaybaz:
“If you love Nigerians, reduce the price of Fuel to N450” – Paulo Okoye appeals

Paulo Okoye, a Nigerian talent manager, has implored President Bola Ahmed Tinubu, business tycoon Aliko Dangote, and the CEO of NNPCL to kindly lower the petroleum price to N450 on behalf of the general public.

Eyes Of Lagos had already written about the nation’s growing gasoline shortage and price increase. Some NNPCL retail stations in Lagos were selling fuel for between N865 and N897 per litre as of Tuesday morning. Numerous NNPC retail stations, mostly in Lagos and Abuja, have reported this alteration.

In order to demonstrate their commitment to the wellbeing of Nigerians, he humbly requested that they take action to lower gas costs.

Paulo Okoye made it clear in his Instagram post that his message was a genuine request rather than an order.

He wrote:

“Our President
Oga Aliko Dangote
NNPCL CEO
If you believe you love Nigerians,
You should reduce the price of petroleum to N450.
We dey beg Please Biko”

https://eyesoflagos.com/2024/09/07/if-you-love-nigerians-reduce-the-price-of-fuel-to-n450-paulo-okoye-appeals/

Some people go just dey talk anyhow. Price will only fall if the naira gain more value.

I see the naira strengthening to 1000-1200/$ before the end of 2024, only then will the price of petrol fall

Bello performed far better than Obi. Obi is a useless man

I wander why Nigerians took this Amaka case this serious. There are people who have said far worst than what she said

The wyere is still paying 18k as the minimum wage

I've bought petrol that looks like the one from Dangote refinery in the past, and it didn't damage my car

So I disagree with the OP opinion

Nah Ondo state money e dey use pay all this special adviser too? This Aiyedatiwa no serious at all

Lovelink1991:
While Nigerians are fight to get rid of hunger, Nigeria president is already planning on how to win the next election by crook by appointing and pleasing a particular set of people who can help him rig the election. He is gradually perfecting the rigging plan.

Nigerians has to stand against his incapable govt in order to stop his rigging plans. Tinubu must be an OTP (one term president)


https://www.youtube.com/watch?v=mWNhVzam8-E?si=QOPDAtzbi_QOK2S-

Don't sha wail that the election is rigged after Tinubu is declared the winner of the 2027 election

The bastard from Agulu will never become the president of Nigeria

atiku4President:
Money from oil in the SS and SE. What does Lagos bring to the table if not heavy taxes on hardworking non-Lagosians?

The way you clowns from th south east talk eh

The south west produce far more oil than the south east, but nah you clowns from the south east go dey make noise about oil

Dangote refinery

Sonnobax15:
. Not like that.......Davido is simply telling him to keep on enjoying himself.....That his ex wife doesn't worth the stress he may be passing through,that's if it all he's even passing through any stress in the first place.......

Las las,na the native hen lose . Cuz if Israel decides to remarry today,he can do that Within a blink of an eye without shaking but can she do that without the stigma from her past failed marriage haunting her?

u go explain tire

Newstory1:
What happens to those who approved the illegal structures?

If dem tell you say person approve the building of a shanty, shey you suppose believe at all?

Sane Nigerians support the upward review

When the naira start gaining value, price will drop

Yigbodients are sore losers