fijihems:
I travelled with student's ticket with Nigeria Airways to London Heathrow for one hundred and something naira in the 80s for a return ticket. There was no need for an entry visa to visit the UK. Visa was issued at the airport on arrival. All that was required was to show the immigration authorities that you have some money for shopping. Usually £200 was sufficient. £200 was equal to N200 by then. See where we are today.

yeah,it will gain value by importin every rubbish....

it will gain value with yeye 2x2 shops....

guys,naira is loosin value true....but to think its the worst is wrong....

their are still currencies around much weaker than the naira today....

you can either buckle up and get back to work or stay lazy and watch it devalue more....

fijihems:
I used to travel to London Heathrow in the early 80s with about N200 (two hundred naira something). I can't remember the actual amount, but it was not up to N300 (three hundred naira) for a return ticket with Nigeria Airways.

and why was it soo much in that news paper....??

are you guys not worried that although naira had nearly equal value you had to still pay that much for ticket....

question is were british people payin the same amount to get to nigeria too....

was tickets that expensive worldwide back then....

this are questions you should be askin yourselves....

DesChyko:


Yours is way simpler, I agree. I guess I did too much by also considering inflation. The naira had more value then, going for N125 to £65. I also made the error of computing with less than 2 million.

this is what people like you always do....you dont even bother to check facts....

una endless hatred for nigeria is tueh....

anyways you can still migrate to other nations....
we dont want to even know what people like you have to say....

waveman2:

You can't stop smuggling in anyway as far as the govt is not paying subsidy and your supply meets your demand you cannot stop smuggling to neighboring countries.

think about it....before boko haram started nigeria didnt even practice border control that much....

it will cost alot and need much more people to control the borders....
and consider too neighborin countries dont even have the capacity of nigeria to refine crude sef although its very low for its hugh population....

waveman2:
Dangote refinery will not make fuel price come down.Only improvement on the foreign exchange can bring the price to where we want it to be.But with this refinery on board we hope it will strengthen the naira.Improve electricity will also help curb inflation.

i dont think too price will come down when sef very little....

fact we have to still consider is entire nigeria consumes hugh amounts daily....and consider too if even it comes down in nigeria smugglin over the borders will kick off again....

the person rantin at the market is not the issue....anybody can get frustrated and say crazy things....

na the idioot hidin in a car and insultin people is the most stvpid....
why he no get out of the car and insult people that voted their choice....??

dont forget your kind dey await deportation in prison for openin his dirty mouth in public....

see people that seun said we shouldnt bash no more....

shebi una see now....their mouths don dey run like tap water again....

okay oo....

cucumbar:
I don’t expect any better from a dumb APC zombie. After all, your oga say weda na statistics we go chop?
You can believe and reject all you want, and see if your belief can change governance

Others that are smarter than you are ,and see things objectively also have the right to disbelieve.

You don’t have the right to talk them down.

You and your likes have started insulting Buhari after 8 years of support.

Stop gaslighting smart and objective people who wants to chop statistics.


This is 2024. Quit being stupid!

here we go again....assumin....

how many people that voted buhari still dey talk about buhari today....??

just talkin always and loudest without facts....

MeineMutter:


It’s not a subsidy, supplying crude to Dangote. FG (NNPC) is not selling/supplying crude for free to Dangote.

The supply cannot be called inter-company transaction, (in accounting) either, which would be ‘nilled’ off (canceled out) when preparing consolidated group account.

FG’s investment in DANGOTE is just a simple investment (in DANGOTE) in the books of our Federal Government - except if the FG’s intension is to gain CONTROL (above 50% stake in DANGOTE) or exercise SIGNIFICANT INFLUENCE (up to 49% stake in DANGOTE) later.

FG (NNPCL) will record the crude shipped to DANGOTE as sales in its books.

Dangote will record it as purchases of stocks (raw materials) in its books.

At the end of the year when FG is paid by DANGOTE from the profit DANGOTE would have made, FG will record any dividend received from DANGOTE as other income or whatever name it wants to call it.

DANGOTE will record whatever it pays/paid FG as dividend paid/payable after deducting withholding tax and he is still going to pay the withholding tax he could have deducted back to Lagos State where the refinery is.

DANGOTE would be paying monthly withholding taxes to Lagos State government on CHARGEABLE SUPPLIES made to it by vendors who are outside the Free Trade Zone (FTZ).

Where Dangote could have taken delivery of those crude and not have paid for it is if FG is using the crude as all or part of its value of (20%) stocks held in Dangote.
In this case, FG would record all crude that can cover the value of of investment in DANGOTE as SIMPLE INVESTMENT, while DANGOTE would record the receipt of such crude as EQUITY.

It is after the FG has finished sending the crude to be swapped for cash (as investment) to Dangote that Dangote will then start recording any subsequent crude receipts from FG as STOCK (of raw materials), which he would have to pay when invoice is sent to Dangote by FG.

Note: It is ONLY companies established within the FTZ that would not pay state taxes to Lagos State.

Companies (established outside FTZ) supplying things to companies within the FTZ will pay appropriate taxes to their respective tax jurisdictions on all chargeable supplies (this would be used to reduce overall tax payables at the end of the year).

Our tax experts would understand this better because it is a little bit interwoven but not complex. Tax experts in the house can also shed more light on this and correct me where I could have gone wrong because the law for don change.

okay....thx for the infos....

Jessyjeff:
One of the puzzles of humanity is why black man who ruled the world and taught other parts of the world Mathematics and Alchemy ended up being the lowest in modern human development index.

Too much love for other cultures and greed got the black man in chains. Only a radical elevation of consciousness will free black man from this historical predicament.

African politicians of today have taken black man deeper in chains of grave, by looting everything that could be used to build thriving African societies.

we got lost....we were warned this will happen if we stop obeyin the laws....

YourKarma:


What concerns SE with this crap? Abi if the products hit the market you guys will buy it at a different price?
You do realise Dangote refinery won't reduce the price of fuel, don't you? It'll likely even increase to 900 a litre

what piss us off most is you guys know little but you talk the most....!!

you dont even bother to go check things out you just assume....!!
the same thing with obi too....!!

tunwumi:
Approved



He can't crash anything. If he will do anything the price will be higher than the imported self.

The only way he can bring down price is if Nigeria is giving him free crude oil to refine.

You don't need any specialist to analyze this, check the price of crude and covert it to naira, divide it by 157 (liters in a barrel) then you get then price.

He has been sourcing his crude from international market.

a south easterner didnt even knew how many liters of crude is in a barrel....

those people just japp without facts....
he was sayin nigeria should only concentrate on gettin everything only with crude....

very annoyin people them....

anyways back to topic....
if nnpc has shares of dangote refinery and deliver crude to dangote for free,then nnpc still profit....

in a way its still sometype of subsidy....
nothing wrong with this practice....

south korea subsidys south korean companies alot....

Obaofpigs:
Why have you started crying, so soon?

guy,their are other news on nairaland than only this thread....

Obaofpigs:
Slowly read the Nonsense you wrote and see why the foolishness is heredity.

You are crying and claiming that Yoruba are being insulted, but you started it on this same thread! See why I maintain that you are cry babies and are always victims of the things you start?

I want to tell you a simple FACT. You insulted Jonathan and you think the SOUTH south will love you? How do you people reason sef?

Anyway..keep being a typical Yoruba. You love listening to yourself speak, even if it sounds baseless and extremely foolish.

Na wah for una...I swear.

bwahaha....south south no have show you people pepper enough it seems....

anyways it doesnt matter to us....our own is only resource control....we dont care about south east problems....

Benzigler:







How did Obi end up in this thread? dude you need to cure your inferiority complex

you are not soo good in engagin people....

which year was this....??

why was it soo expensive....

Obaofpigs:
See 'jumping' around statement.

What has Wike got to do with this banter?

Ogbeni, even is Wike is VP, how does it make you richer than the IGBOs you envy?

Jonathan was President and didn't develop the SE...but they still supported him because he was way better than disasters you supported.

Under Jonathan a bag of Rice was 8k. Use that same 8k to go to IYA Bolanle's shop and shout APC and collect 1 bag of rice. IYA Bolanle will swear for all your Generation and still tell you how foolish you are.

ehen na....you go talk tire and obi will still not become president....if you like rigg entire south east again,it will still not change anything....even if all ibos in entire nigeria vote obi,he will still not win....you just dont have the numbers enough alone to do that....

than to be nice to the yorubas you are busy insultin them....

you wan count on south south....?? they are too pragmatic....have they givin back the properties they confisticated after biafra war till today....??

you wan count only on christian nigerians....??
christianity is not a tribe on its own in nigeria....

you ibos no sabi nigeria joor....

Obaofpigs:
See them. Denial has set in instantly...

You are a weak person...go get something to eat. You sound dense and dull.

ofcourse....the pain that a south southerner dont like una either is just unbearable....

i understand....

Obaofpigs:
Being President has made you wealthier than IGBOs? See why I am glad that your sophisticated foolishness has been exposed for all tribes to see?

Enjoy Presidency on an empty stomach ..

😂😂....you no want no more....you guys are too slow....why do you think wike was awarded governor of fct....??

people are seein what is going on....
its only you ibos that dont get it....

Benzigler:








That's why you are here wailing and crying profusely after the Igbos met their match in Yoruba? the joke is on you

the joke is realy on you because am not even yoruba sef....

Benzigler:







Why did your leader and president Tinubu forfeited $460000 in US? laugh no go kill person for here

....

i dont know anything about that....

its hard to believe anything you guys say anyways....
na soo una said cownunu was released by a court order....

but nobody knows anything about the court that issued it....

Benzigler:






Any legitimate work or businesses is better than skull mining, don't you think so ?

guy let your brother engage me....you are too weak for such things....

Obaofpigs:
Those 2×2 shops pay taxes that feeds your foolishness. Atleast they are not Organ harvesters and skull miners.

I know your tears are a legion. ...

Keep crying

who was caught tryin to harvest a poor guy in britain....😂😂

Obaofpigs:
Keep hyping yourselves, even when the theater has closed.

You can't bear the fact that you guys have been called out as the root cause of Nairaland being a cesspit of disinformation and bigotry.

You hide behind layers of fake Monikers to dish out negative Propaganda against perceived enemies. When people retaliate you claim they are IGBOs. Moreover, if IGBOs are the tribe that are against all you support, it shows that IGBOs are extremely sensible and calculative.

IGBOs didn't support BUHARI and TINUBU and they have been proven to the tactical. You supported TINUBU and BUHARI,and everyone has seen your Sophisticated economic growth of a country you claim IGBOs hate.

Go and sleep Mr. Man ..and wake up tomorrow and buy fuel at 700/liter and still claim that an IGBO man caused it...

Nonsense..

a ibo is not becomin president....its a unwritten agreement between tribes....

una go talk tire till next elections....

Benzigler:





Kid full your body

ahhhh....!!

are you startin to like me....

Obaofpigs:
Typical 'Yoruba' statement. Who is HOLDING you from speaking your mind?

Do I look like someone that gives a flying F?

Grow up and carry your tears with Basket and go to my farm.

you call your 2x2 shop farm now....??

its not a fabric no more....??😂😂

Obaofpigs:
You claim to TRIGGER him/her, but you are the person crying on this thread.

When you guys speak...it seems you enjoy listening to yourselves even though your statements are nonsensical and shallow?

Abeg grow up ..no need for all these childish tears.

Seun, has purged Nairaland of stupidity.

Grow up.

yeah,lets see how long it will take before you guys start complainin about something else....

Obaofpigs:
Imagine people that Steal palliatives, trying to form Bosses.

Imagine people whose poverty index is second only to the Core North, are talking wealth?

The guy is pained that they have been exposed, hence the belated attempts at reinventing themselves.

Dem don cast... BADLY.

chaii....if i was free to tell you my mind ehn....

Benzigler:






we know the people who specialize in begging in Nigeria Lol

you are soo easy to trigger....

Benzigler:







That's exactly what the Igbos wanted and they actually succeeded, because your brain has been screwed by those Igbos and made you who enjoy bigotry .... can't you see where you are heading to

have you sing nigeria national anthem today....??😂😂