Politics › W’africa Petrol Import Dipped 30% In Q2, Says Report by Ikaeniyan0(op): 4:34pm On Aug 04, 2023 |
Average monthly West African petrol imports fell by 56 per cent in the second quarter, according to data sourced from Refinitiv Eikon. June loadings from the Amsterdam-Rotterdam-Antwerp hub to West Africa fell to 629,000 tonnes from 895,000 tonnes last year, Refinitiv data showed. Loadings dropped to 627,000 tonnes in July so far this year from 1.5 million tonnes last year. “The key point is that demand from West Africa is drying up,” said Refinitiv Lead Oil Analyst Raj Rajendran. Demand for petrol from Nigeria has also reduced since the removal of petrol subsidies on May 29. Despite the decrease in demand, foreign refiners from Russia, the Middle East and Europe are currently competing to increase exports of their refined petrol to Nigeria. The PUNCH last week reported how the importation of petrol from Russia shot up by 84 per cent in the last one year. According to data sourced by The PUNCH from Argus on Nigeria’s gasoline European trade overview, the rising share of Russian petrol finding a home in Nigeria has so far risen to 24,000 barrels per day in 2023, compared with 3,700 b/d in 2022. An increase in direct Russian gasoline flows into West Africa started in January, but cumulative volumes, while growing from virtually non-existent in recent years to around 800,000 tonnes year-to-date, are still small, according to Refinitiv Eikon data, the Reuters report said. “One of Europe’s main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country’s domestic demand and a regional market for smuggled fuel. “North America and West Africa, with Nigeria at the helm, historically have been the top two destinations for petrol exports from Europe, which produces more gasoline than it uses, meaning its refiners rely on exports to support profit margins. “A steady decline in European refining margins in recent years, as competition from the Middle East, the United States and Asia grew, was reversed when fears of fuel supply shortages boosted profits after Russia’s invasion of Ukraine,” the report said. So far, benchmark profit margins for gasoline in northwestern Europe have held firm at around $27 a barrel, Refinitiv Eikon data shows. They have been supported by demand from North America, a shortage of high-quality blending materials, disruption caused by low wave levels inland and local refinery outages. But analysts say the reduction of flows following the upheaval in Nigeria would increase pressure on European refiners, and any winners would likely be newer Middle Eastern refineries. Nigeria’s petrol demand reportedly fell by 28 per cent since the removal of subsidies. Symptomatic of the fall in demand, onshore gasoline stocks in the country had climbed to 960,000 tonnes from an average 613,000 tonnes between January and June, said Jeremy Parker at the CITAC consultancy, which focuses on Africa’s downstream energy market. Nigeria relies heavily on petrol importation because of its inadequate domestic refining capacity. https://punchng.com/wafrica-petrol-import-dipped-30-in-q2-says-report/ |
Politics › Re: Meet Mariya Mahmoud Bunkure, The New Ministerial Nominee Who Replaced Shetty by Ikaeniyan0: 4:02pm On Aug 04, 2023 |
She's in the Ganduje camp |
Politics › Re: Tinubu Withdraws Maryam Shetty's Nomination, Nominates Festus Keyamo As Minister by Ikaeniyan0: 3:59pm On Aug 04, 2023 |
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Politics › Re: Breaking - Nigerien Military Signs Contract With Russian Wagner Group by Ikaeniyan0: 3:51pm On Aug 04, 2023 |
Nigerian military will crush both Niger and wagnar forces. |
Politics › Re: How Niger And Wagner Can Beat Nigeria In A War. by Ikaeniyan0: 3:50pm On Aug 04, 2023 |
The Nigerian military will crush Niger and wagnar forces |
Politics › Re: GDP Per Capita, The Most Prosperous States Per Person In Nigeria. by Ikaeniyan0: 2:05pm On Aug 04, 2023 |
FatherOfJesus: 1. Lagos state $6,614 2. Bayelsa state $4,355 3. Imo state $2,996 4. Akwa Ibom State $2,962 5. Ondo $2,326 6. Delta state $2,306 7. Rivers state $2,277 8. Cross river $2,225 9. Abia state $2,048 10. Edo state $2,038
6 SS states 2 SW states 2 SE states
Source: https://en.m.wikipedia.org/wiki/List_of_Nigerian_states_by_GDP Abuja is suppose to be in the top 10 |
Politics › Re: Outrage As Adamawa Governor Fintiri Appoints 47 Media Aides by Ikaeniyan0: 1:04pm On Aug 04, 2023 |
mastermaestro: I don't wish for it because they are no better. However, don't too sure. If another civilian government is toppled in Africa, then you should be very worried. I will only be worried if military take over in the USA |
Foreign Affairs › Re: Mali: Influencer Sentenced To Prison For Denouncing The Junta's "Failure" by Ikaeniyan0: 12:40pm On Aug 04, 2023 |
This is what obidients want Nigeria to become |
Foreign Affairs › Re: Largest Ethnic Groups In Niger Republic (Hausa 54%) by Ikaeniyan0: 12:17pm On Aug 04, 2023 |
JDJDjD: Please i rather stay with the North than live in same country with the yorubas Let them divide Nigeria into 5 Core North to have their country and continue their religious intolerance there Yorubas can go and be doing their tribal bigotry alone East can go Middle belt must also be freed And we from SS should be allowed to enjoy our oil in peace. Just imagine we have our country, we would have been competing with Saudi Arabia in terms of development. All these parasites regions have finished us SS is not the name of an ethnic group. There are even Igbos in the SS |
Foreign Affairs › Re: Largest Ethnic Groups In Niger Republic (Hausa 54%) by Ikaeniyan0: 11:38am On Aug 04, 2023 |
Kaiser20: With Hausas/Fulanis mixing up with Igbos and Yorubas, Nigeria can never Develop, no matter who the president is. See the Europeans don't want Turkish in their Club, they have a reason. Only the Europeans and Western nations are enjoying the name Nigeria A lot of Europeans are playing in the turkish league, turkey is part of UEFA. |
Politics › Re: Niger Crisis Shows Why Nigeria Must Not Break Up! by Ikaeniyan0: 10:47am On Aug 04, 2023 |
Throwback: The irony is that the countries that will become the new big bosses of Africa in the even of Nigeria's collapse, are also multi-ethnic and multi-religious like the erstwhile Nigeria.
Ghana Kenya
We would be foolish to self-destruct into insignificance. A lot of the new countries will even struggle for some few years before finding their feet, some will never get it right. |
Politics › Re: Niger Crisis Shows Why Nigeria Must Not Break Up! by Ikaeniyan0: 10:46am On Aug 04, 2023 |
Armaggedon: this is the very reason Nigeria will break up. Using resources needed at home to form big brother to those who are better than her. Niger republic is not better than Nigeria. |
Politics › Re: Ebola Tinubu, Niger People Are Wicked They Hid This Update During Campaign by Ikaeniyan0: 10:43am On Aug 04, 2023 |
AlexBells: That's not really a problem this side na you dey wail for the fee weeks so far Tinubu will recontest in 2027 and still win while you keep on feeling depress and heartbroken. |
Foreign Affairs › Re: Largest Ethnic Groups In Niger Republic (Hausa 54%) by Ikaeniyan0: 10:40am On Aug 04, 2023*. Modified: 12:38pm On Aug 04, 2023 |
moshino: Your politicians and elite, regardless of their tribe, have no problems with it. They share your commonwealth, they are all friends with each other, their children date and marry each other, they are neighbors in the most expensive neighborhoods in Nigeria and abroad. So why do you have problems with it. Maybe its time to grow a brain I can see my comment affected your life negatively. People have lost their lives unreasonably in Nigeria because of their faith and tribe with politicians not giving a fvck! |
Politics › Re: Troops Destroy 36 Illegal Refining Sites In N’delta by Ikaeniyan0: 10:38am On Aug 04, 2023 |
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Foreign Affairs › Re: Largest Ethnic Groups In Niger Republic (Hausa 54%) by Ikaeniyan0: 10:18am On Aug 04, 2023*. Modified: 12:07pm On Aug 04, 2023 |
APC2: "The Hausa ethnic group is the largest in Niger, and the majority of the population (54.1%) belong to this group. The Hausa are one of the largest ethnic groups in all of Africa and are scattered across West Africa, with most making up the majority of the population in Nigeria, as well as Niger. The Hausa people in Niger speak the Hausa language as part of the greater Afro-Asiatic family and also speak French, English, and Arabic. Most Hausa people live in small towns and mostly raise livestock, work as farmers and conduct trade. The horse is a major symbol of the Hausa people, as it is closely associated with the aristocracy and their equestrian based culture." Source: worldatlas
Sources: Wordatlas: https://www.worldatlas.com/articles/largest-ethnic-groups-in-niger.html
Britannica: https://www.britannica.com/place/Niger/Climate I wander if Dan fodio also conquered Hausa lands in Niger republic too. |
Foreign Affairs › Re: Largest Ethnic Groups In Niger Republic (Hausa 54%) by Ikaeniyan0: 10:14am On Aug 04, 2023 |
The europeans mess up with the way subsaharan-africa was divided and merged. Not being united is one of the reason Nigeria is in this mess we find ourselves in today. |
Politics › Re: Troops Destroy 36 Illegal Refining Sites In N’delta by Ikaeniyan0: 10:13am On Aug 04, 2023 |
Acekidc4: No matter how they look like we can improve on it Lol Improve on what? You don't know how they look like, there's nothing to improve on them. |
Politics › Re: Coup: Pro-niger Hackers Back Junta, Attack MTN Nigeria by Ikaeniyan0: 10:11am On Aug 04, 2023 |
Their attack was not successful... Kudos to MTN Nigeria. |
Politics › Re: PDP mocks Ganduje: 'Gandollar, Hit The Ground Running To EFCC' by Ikaeniyan0: 10:07am On Aug 04, 2023 |
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Politics › Re: Ebola Tinubu, Niger People Are Wicked They Hid This Update During Campaign by Ikaeniyan0: 10:06am On Aug 04, 2023 |
It won't still stop tinubu from ruling Nigeria till at least, 2027. |
Politics › Re: Niger Crisis Shows Why Nigeria Must Not Break Up! by Ikaeniyan0: 10:03am On Aug 04, 2023 |
Rossikk: Can you people see how your country is calling the shots in West Africa since this Niger Coup?
Right now the whole West Africa and beyond are waiting for ONE THING - Nigeria’s next step to bring Niger to order.
You people don’t know what you have until you lose it.
If you break up into those little tribalist countries you dream of, you lose all this influence and power same day.
Suddenly Ghana will become your boss.
Kenya will turn your landlord in Africa.
The world would wait for GHANA’s reaction to crisis in the subregion.
Not your little JJC countries.
From bosses to Sierra Leone status.
From Giant of Africa to nonentities.
From oga pata pata of Africa to unknown assholes.
From power and dominance to total irrelevance.
Chei….. You can not decide for every Nigerians. |
Politics › Re: PDP mocks Ganduje: 'Gandollar, Hit The Ground Running To EFCC' by Ikaeniyan0: 10:01am On Aug 04, 2023 |
Kukutente23: Stop hyperventilating and learn! Learning does not kill. I'm not interested in learning whatever nonsense you're talking about. Create a thread in the education section and teach people whatever you have in your head. I'm not interested. |
Politics › Re: PDP mocks Ganduje: 'Gandollar, Hit The Ground Running To EFCC' by Ikaeniyan0: 8:52am On Aug 04, 2023 |
Kukutente23: I must humbly agree you have no idea about I'm not interested in your explanation! |
Politics › Re: Outrage As Adamawa Governor Fintiri Appoints 47 Media Aides by Ikaeniyan0: 8:46am On Aug 04, 2023 |
Passionnn: Clowns in government. Somewhere in the army a military coup is being plotted. Hopefully that is the final hope of the common man right now A coup can't happen in Nigeria |
Politics › Re: PDP mocks Ganduje: 'Gandollar, Hit The Ground Running To EFCC' by Ikaeniyan0: 8:41am On Aug 04, 2023 |
Kukutente23: Always I only quote you when you display your dyslexic status in an uncouth and irrational manner. For example. Go look at what you're arguing with me about. It just shows how low your intelligence is. Damn! I'm not interested in your useless shalaye. I didn't quote you, so why do you have to start explaining on behalf of successmattes? successmatter:
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I have not seen even a single APC supporter that is not a crook or a fraud., so this is not a surprise. Ikaeniyan0: Is slawomr the self alcclaim yahoo boy a APC supporter? successmatter: Yes, but he's pretending, that's yahoo tactics. Boom! You don com out and start explaining on behalf of successmatter. If you must even quote me, make sure you always make use of your brain while doing so. I'm not interested in your useless explanation I have no idea about. |
Politics › Re: PDP mocks Ganduje: 'Gandollar, Hit The Ground Running To EFCC' by Ikaeniyan0: 8:21am On Aug 04, 2023 |
Kukutente23: Deductive reasoning dear boy. Mangoes are fleshy fruits. All mangoes are sweet but not all fleshy fruits are sweet. Did you do logic at all in school? Damn!! I'm not even reading your nonsense again cause am lost about how we even got to this conversation. It seems you're been paid to always quote me on Nairaland. successmatter:
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I have not seen even a single APC supporter that is not a crook or a fraud., so this is not a surprise. Ikaeniyan0: Is slawomr the self alcclaim yahoo boy a APC supporter? successmatter: Yes, but he's pretending, that's yahoo tactics. Then you pop out from no where and start rambling unreasonably. I won't believe you're not being paid to be this stupid please. |
Politics › Re: NNPC, NIPCO Partner To Deliver CNG To Nigerians by Ikaeniyan0: 8:19am On Aug 04, 2023 |
naptu2: Let me clarify about Peugeot 504. PAN continued making Peugeot 504 in Nigeria, when other countries had stopped producing, it for specific reasons.
The original goal of the 1969 auto conference was to produce a Made In Nigeria car. Bedford had been doing CKD since 1959, but Gowon wanted a completely made in Nigeria car. Peugeot took this challenge very seriously.
They had been increasingly sourcing parts in Nigeria and they kept the public informed about it. So you'd hear announcements like 70% made in Nigeria, 80% made in Nigeria, etc.
You could win a 504 if you hit a hole in one at the Nigerian golf tournament at Ikoyi Club in the 1980s. It was heavily marketed.
Peugeot had a joint venture with the Nigerian Gas Company (a subsidiary of NNPC) to produce a Peugeot 504 that ran on gas (1989). There was a lot of publicity about it, but NGC did not fulfil its part of the obligation (there were no filling stations equipped with gas dispensers). It seems Nigeria was still running fine in the 80's, everything started falling apart in the 90's in my own opinion. |
Politics › Re: Vandalism. FG Threatens To Block 2nd Niger Bridge by Ikaeniyan0: 7:17am On Aug 04, 2023 |
JASONjnr: Vandalism of metal properties should be carefully looked into.
My colleague told me just yesterday that she is using generator for almost a year now....
Whenever they get cables to connect their light from the transformer, hoodlums will cut it midnight of that day. And this has been happening for almost 5months and 5hey decided to stop getting it ..
You dare not clean your house and bring out iron items out without those guys lurking around to steal them. Instead of them to work on ways on how to get the hoodlums, they decide to stop enjoying power supply. |
Politics › Re: Aba Is Gradually Wearing A New Look Under Alex Otti by Ikaeniyan0: 7:11am On Aug 04, 2023 |
jesmond3945: leave abia alone. Talk about your state is it compulsory you quote me when you have nothing intelligent to say? |
Politics › Re: Cracks In Edo Govt As Shaibu Seeks Court Protection From Obaseki by Ikaeniyan0: 7:10am On Aug 04, 2023 |
If shuaibu lose this battle against obaseki, let him forget politics. |
Politics › Re: FG, Labour Talks Collapse, NLC Begins Strike Aug 14 by Ikaeniyan0: 6:52am On Aug 04, 2023 |
Their watery threats won't shake the FG. Go on total strike on Aug 14 and the two unions will become illegal. The FG have an upper hand on this issue |