₦airaland Forum

Houseofglam7:
Adorable 🥰🥰🥰🥰🥰🥰🥰

I wish and pray this for YOU

He wants BAT to look at his side again. You and BAT built Lagos, abi?

When will all of the acclaimed achievements translate to a better Nigeria? The government has the largest number of ministers. the greater liar than Buhari, the government of 'I don't care, you can go hell'

Nothing for you - Lagbaja

EreluRoz:
Nigerians you all are not ready. Keep celebrating Peter Obi who was the MAJOR DISTRACTION in the last election thereby paving the way to what we have today.

Peter Obi is actually responsible for what Nigeria is going through but you all are not ready for this discussion, you all are not ready to analyze Nigeria politics with your senses. Ina ruwa na

This one is a complete oponu, slowpoke and scallywag. The N5k they gave you is yet to finish.

Always full of ideas to deceive the people. The greatest lying government of Nigeria. Everything about the government is falsehood just as the leader of the government.

A plan to engage the youth on meaningless course

This man, by his demeanour, carriage and activities, is arguably the best of the set of governors.

Even so, Nigeria's income level is far lower than that of Saudi Arabia. So no comparison will be that simple. Until there is a deliberate government policy to reduce the level of poverty and recreate the middle class. Nigeria will continue to be the butt of a joke

The Minister that has dragged Nigerian education backwards by 30 years with his policies. His children cannot be affected because the youngest must have graduated

fxexperts:
Then all Nigerian airline will shut down. you want to compare British airways that uses first class aircraft to your airpeace that uses old abandoned airplanes jokers.

Stupid thinking

MEEVEET:
I don't know why this government lie so much... This is becoming a sickness

There is no way under the sun dangote can sale petrol at ₦898... It's absolutely impossible

Crude oil cost 72 dollars per barrels it cost 5 dollars to refine averagly that's 77 dollars

There are 159 litres in a barrels

5% of crude is lost during refining average that's so we have 151 litres

refinery expect 40-45% gasoline, 25-30% diesel, 5-10% aviation fuel, and about 15-25% "other"

So let's use 45 petrol, 30 diesel and 10% aviation fuel ( kerosene +diesel blend)

The remaining 15% is basically worthless

For simplicity sake let's assume petrol diesel and kerosene are same price

85% of 151 = 129 litres of products
Crude cost + refining cost = 77*1650 = 127,050

That gives us a cost price of ₦985

Let's say dangote sets a profit margins of 15%

That gives us a final price of
₦ 1,132

I have been very very conservative here... Cost of refining, and yield but this is the minimum dangote can sale his petrol

One thing that I will for ever respect Nairaland for and for which I will remain a member is the vast available knowledge that is possible in a few short minutes. I would have needed to look for a paper or some other academic writing that will take at three hours to study and understand for me get this knowledge.

Kudos to NL

My take on this ding dong between NNPC(L) and Dangote is the lack of transparency which makes fair comment and judgement impossible. We have heard of NGN766 and now NGN895. Until the two parties lay bare all the facts it c=becomes impossible to make an assessment.

Provide petrol and stop making life difficult for Nigerians by corrupting the whole process

yinkus6750:
Let Dangote sell r9 any marketer that wishes to buy from him.
The authoritarian policy of NNPC been the sole marketer of the refinery will not favour the country.
It will be business as usual.
Let them go and fix their refinery and create a competitive market

For corruption to thrive and succeed, NNPCL deliberately created an opaque market where many participants watch and do things without being able to speak and inform the public of their actions. NNPCL is a curse for the market and the country. We all know why this has been the case since 2015. The President has always remained the Minister of petroleum resources.

If we want to change the country for the better, change the NNPC's structure to become more market-oriented.

The economic growth that is asphyxiating the people is poison. BAT is making millions poorer at the expense of politicians by systematically corruptly transfering the commonwealth to them.

Sleekfingers:
Because he won today ?


Most Nigerians are funny and confused people, who simply don't know what they want.....

Your fingers are sleeky on the keyboard and they type what thou knowest not.

Dangote has won Round 1 of the battle.

He would win Round 2 through subterfuge. It is business. Ultimately, all we need is the deregulation of the market not dominated by one player as we currently have it. There are many modular refineries and many more refineries are becoming up to compete with him.

The area of regulation for competition is what NNPC should focus on rather than behave like an operator. Simple

Cmanforall:
Ok

Will it reach 2000/Litre by December?

Click Like if you think so
Click Share if you think otherwise

Definitely not. The NNPCL has a role to play in stabilising prices. If Dangote is selling to the country it should be N895 - N1000

pyyxxaro:
See Cardoso face like GREGORY/CLARUS own

We are just complaining for nothing. Nigeria is in the hands of a despotic cabal that could care less what happens to the people who they claim voted them into power. Unfortunately, some people are born to worship these people to the detriment of their generations.

Cardoso is cruising around town in 2 bulletproof SUVs (I wonder who wants to kill him).
The Parrot Senate President is sitting comfortably in his lodge eating and drinking wine while the people are protesting in the streets
A retired CJN who has appointed his family into strategic positions in the judiciary.

NIGERIA is at the lowest ebb

Where are praise singers? E lu bata ki ngbo!

Shikini:
Anything to curry favour from that
Aso Rock thief
.

Old boy, you stoop to conquer. Tinubu no send since the Malta plant will be without market, once Dangote PMS hits the market. Imagine how much of dollars will be saved!!! I'm drooling at the power the Naira will command soon from the Dollar.

Rest small Mr Dangote. Don't forget the steel rolling mill, please.

CyrusVI:
The guy is one of the few world leaders i would like to model my life after

I heard you cant mock him via the Social Media, neither can u attack him at all

XI Jinping, My Hero. I like Dictators and Autocrats. I would like to be one


Gidgiddy and those Obidient group were telling us Tinubu isnt well-rated in the International community...

How come Jinping is willing to seal deals with him

The Chinese will sign a contract with anybody as long as it would bring money. Don't Nigerians produce poor-quality goods from China? Just like the US market cannot tolerate inferior goods from that country. You get whatever you want from the merchants of China.

kedeojo:
They are the greedy thieves. I like the fact that NNPLC will be the sole buyer of dangote PMS. It now up to president Tinubu because he will be the major determinant. A reduction of crude by government sold to dangote to refine and also sold back to NNPLC who has now said they owned more than 100k retail outlet and will now fix the prices of PMS to be sold to Nigerian's.

NNPCL does not own any retail outlet again. Tinubu don buy them

Curious346:
Dey play . Nothing like that. Yoruba killed the naira, after nupe devalued it through SAP.
Igbo via okonjo iweala nurtured the dollar until the RONU destroyed it

I feel you!!!

Implementing this at this time would be cantankerous and not serve their interests. Remember BAT has a penchant for appointment. He is not the one who would reduce the opportunity to appoint people and provide jobs for the boys. So it cannot be implemented now.

EreluRoz:
She's participating as Miss Taraba so it's very possible.

She's participating alright, but she won't win.

lanre316:
Putin has enough sense not to directly attack a NATO nation. What happened was just a stray drone meant for Ukraine. Nothing new here.

Come back and revisit this thread when Putin's madness reaches full maturity to carry out direct SMO in Poland, Estonia or Finland as they did to Ukraine and we shall see.

One entered Germany yesterday, and another one is in Poland today. Tomorrow it is going to be Finland or Norway. WWIII is here already. Be prepared

EreluRoz:
I want that SouthAfrican girl Adetshina to win

That's impossible. All the girls are beautiful even at home.

ednut1:
World war 3 is inevitable 🥲

and it will be fought in Europe. The land of all wars

Nigeria should stop moaning about supplying energy to these countires becuase thie infrasture is better managed and their people ae more hopefu than this country with resources that someone alone is privatising.

Who acquaired who? NNPC Retail or OVH?[color=#990000][/color]

So people are still this wicked in NIgeria. I thought we have left this stage in the 1990s. Can someone do this to their own child?

Nigerians must brace up for more from this evil and most wicked government. If this country is not delivered BAT will axphixiate NIgerians and force us to pay for the we breath.

Curse be to everyone that brought this evil on Nigerians.

Japa is everywhere. address the exchnage rate and the infrastrucutre. It will stop. Those two cannot be addressed except there is good leadership in the country. So address the leadership question.

I don't seem to undestand these fellas, why can't they break up permananetly. There is nothing new in break up among brothers. Theirs is not the first neither wil it be the last.

chiiraq802:
Nigeria is a useless country with direction less leaders....

Nigeria is NOT a useless country but unfortunate to be run by greedy, carlous and selfish leaders who prioritise themselves above the country. Get the oyinbos here now they will turn this country around in three years. So it is about leadership, not the country.

NNPCL MUST BE SCRAPPED IF TINUBU IS ALSO NOT PART OF THE CABAL. That corporation is the bastion and the citadel of corruption in Nigera. As long as NNPCL exists there is not going to be an end to the circle of corruption.


Tinubu is chopping his own,