₦airaland Forum

rmx:
Once more, and we are talking current supply ….., not October

The current refined petrol nnplc bought is gotten from the crude dangote imported or purchased in dollars , dangote sold in dollars to nnpc consequently , nnpc converted to naira at 1637 and its 898 , they have added other cost to arrive at 950 for lagos etc

Dangote should come out and tell us I did not supply to nnpc at 690$ /tonne and 46$ / tonne premium for this current supplies

When they start selling crude to him in naira , another costing will be done then in October but for now the above applies , I think it should also be obvious why there is this contention between dangote and nnplc , it’s not for the benefit of Nigerians , it’s because power has changed hands 😊😊

Agbalowomeri:
Has the government hands off from PMS? The company also has to be diplomatic. At least they both agreed now that Dangote Refinery has yet to receive the crude promised in naira which is the hidden information that the NNPCL did not provide

olig:
Honestly!

Even me, 'I am tired on behalf of Dangote".

Is Dangote the regulator of downstream again?

If at all we really want progress, I expect a live board (online based) to be up and running by now. To see the amount lifted per hour (if not per minutes), and at what rate and the destination. Each filling station in Nigeria should have a code.

Yet, our problem is the one who is trying is very best to contribute his own little (which is more than government's effort).

Maybe Alhaji Aliko Dangote should close up his refinery, cement, sugar, etc factories. Everyone will be happy by then.

Even if Dangote is greedy, government's role is to check him by bringing in transparency. Dangote is not afraid to tell Nigerians he is going to sell PMS higher than the current rate. However, he has said that NNPC and/or FEC will determine the price. What else? NNPC should just be plain with whatever they are saying. NNPC should show us the invoice and receipt for the PMS lifted so far. That alone will solve the problem.

Dangote is just being careful. He didn't want to "indict" NNPC directly, because he can not fight them. That is why he refused to mention a price; and since is the government that determines the price.

FYI, I am a yoruba man, but God forbid that I support what is not right, even if it favours me. So, don't think "he is from the north".

Laso09:
Why do you think it is only NNPC that can buy directly from Dangote refinery?
I want to believe that N776 being quoted is a subsidized figure.

KarlTom:
There are many contractual terms involved in deals like this but let's just leave it like that...

On the issue of 'being on the queue', let me paint a scenario: What IF DR signed similar 'distributorship' agreement with NNPC?

The fact that MRS. ETERNA et al are NOT tagged EXCLUSIVE or SOLE distributor leaves the door wide open

On second thought, I feel the NNPC distributor deal is a clause inserted in the crude-for-naira deal.
Let's wait and see how it relates to subsidy in due course

megawealth01:
https://punchng.com/marketers-eye-direct-deal-with-dangote-as-nnpc-buys-n766-litre/

mikeapollo:
The news on Nairametrics says dollar is now N1,543 which is an improvement . Hopefully, it would improve and get to around N1,000./$

By the way, when is Alhaji listing the refinery on NGX?

BabsO2:
Oando had a negative SHF of N214b in unaudited 2023 from a priot year negative SHF of N183b. Its rate of depletion of shareholder funds decelerated in 2023. The depletion of shareholder funds started in 2019 with a huge acceleration.

Looking at SEPLAT. Its shareholder funds increased in 2023 by N800b

Oando should be able to get a positive SHF in 2024 mid year assuming its unaudited 2023 is not restated. This is premised on SEPLAT's SHF growing by another N1000b in the first six months of 2024. Turning a negative N214b shareholder's fund to positive right now should not be a beggie for OANDO. Otherwise it has very very very serious issues.

Agbalowomeri:
I be jack of all trades

Raider76:
"These marketers have written to the president that they have lots of old stock that they bought at higher prices they need to import and sell. So, they ask why they are been forced to exclusively buy from Dangote."

And all along we were told that NNPC was the SOLE importer. Kai!!

Agbalowomeri:
See this analogue investor

vacanci:
Is this how the market will close without Flour Mills price officially moving with all the full bid?

na waooooooooooooooooooooo

Omooloriredade:
Speaking of contagion effect. I see an unrelated stock that could follow FMN. Maybe the manufacturing industry relationship is the connection?

Disclaimer - TA or charting is not my forte so please do not make a buy or sell decision based on this post. Not sure I really understand what I posted sef.

KarlTom:
Wagwan FBNH

OakPearl:
Now that Honeywell flour mill has followed FMN in entering full bid, could it be the turn of NNFM?
A quick check shows NNFM is on full offer, even though they have a net asset per share of N36.90.
At today’s lowest offer price of N39.15, might not be too bad an entry for the FA purists.
The risk in it is that it’s on full offer, no bid at the moment.
But there are offers higher than the least price.
Meaning once the least price is cleared, there’s a tendency for attention to be drawn to it.
Flour mills (FMN) that is on full bid now actually owns 59.6% of NNFM.
BBM the great, what sayest thou thine charts on NNFM?

Bimmms:
Good morning,pls i need someone who can help out, my uncle is trying to sell his shares but the challenge is that he doesn't know is CSCS number, what can be done? or is there any stock broker that can help?

ositadima1:
Sorry to bother you all with my nonsense. I'm heading back to work now, where I'll be calculating load flow, short circuit currents, motor starting parameters, and relay settings using ETAP software for my supervisors. It is burring, I swear.

Sunrisepebble:

Sunrisepebble:
Against policy. I can provide more info but I don't want the news to cast and for volumes to spike and impact the transaction. Maybe a day or two before it drops but I think what I dropped regarding consolidate or hold a few weeks back was a good enough recommendation. Based on what im hearing ~#60 can be a reality. Please all, do your own DD

Harvestock01:
https://www-bbc-co-uk.cdn.ampproject.org/v/s/www.bbc.co.uk/news/articles/cvg3gwkkk4mo.amp?amp_gsa=1&amp_js_v=a9&usqp=mq331AQGsAEggAID#amp_tf=From%20%251%24s&aoh=17261480289425&csi=0&referrer=https%3A%2F%2Fwww.google.com

Scotland's only oil refinery to close down.

GracefulLau:
FA, TA, DA(Dream Analysis), SA(Sincerity Analysis),.....
Na wao!

yMcy56:
How could you forget our one and only Customstreet?
Sometimes, I do feel Sunrisepebbles is somehow Oga Customs self....

When we tell them to tone down on their rude and careless posts, they turn it to attack......
You won't believe the kind of personalities here and even those our Ogas on top....
@CP, Oga Oracle, Oga Wanaj0, Oga Emma, even Agba and quite some others with simple monikers that one can't even imagine.....some don't post, some it's once a while.....
You know say I don tey here small...

Streetinvestor2:
You forgot to add me the hater and godlyguy the now hater general...hahaha