₦airaland Forum

swagifted:
the foreign country you are going to import it cheap from....is it Nigerians that are working in that refinery ?

AcuraZDX:
His Location is Kaduna state, NIGERIA

aimmoney9:
Go to court...........

aimmoney9:
IREV PORTAL.............

MIKOLOWISKA:
We go de alright. We never suffer reach When we suffer properly we will do the needful

MIKOLOWISKA:
If they say their price it will force dangote to reveal his
Chicken or the egg. They are all opaque together
Just like normal Nigerians refuse to put price sticker on anything so they can manipulate profits
We are not a transparent ppl

FreeStuffsNG:
Subsidy is gone and gone for ever. Worse case scenario, they will rather load from Dangote Refinery if the price favours them if you understand this report

MIKOLOWISKA:
Why don't ipman tell us the price?

He said: “Prices are determined by international pricing. Dangote is supposed to be saying like every day, ‘This is the price I’m going to sell this product’.
“But he cannot be able to do that unless he (Dangote) engages the stakeholders. And you cannot just say okay, we must only buy in his own depot.
“IPMAN cannot just sit down and say ‘We will tell our members, all of you go to Dangote Refinery and buy your product and load’. We cannot just do that. This is a deregulated system.
We have to source where products are much cheaper. Then we would inform our members to go and load product in any depot that the product is cheaper.
“If Dangote has a product and is selling N1000, let’s assume, and there are other places that are selling N900. We can’t just say because for the sake we are doing business with Dangote, ‘Okay go and do it’. It’s not profitable to us. We must go where the price is lower; where we get profit. That is it.”
Continuing, the IPMAN scribe added, “We are in a deregulated economy but Dangote is like trying to monopolize the whole issue. Fine. Let us know if there is monopoly in the whole system. But we believe that it’s now deregulation.
“Like last week, Dangote’s price is higher than other places. Because if you can go by the price, the international price, crude has already started coming down.

nairalanda1:
■ Simple. NNPC Is selling fuel at its stations at N1000 or more. If IPMAN buys from NNPC, they would be forced to buy at that price or close to it, and be forced to sell at a higher price...meaning they eventually lose out to NNPC
If they buy from Dangote directly, they may not get the cushy deal Dangote gave NNPC(Read between the lines. Dangote is not going to sell them fuel at a favorable price that would enable them to compete with NNPC). That means they may have to buy fuel at over N1000 from Dangote, or more....and then eventually, they have to sell fuel at a retail price higher than the NNPC retail price to survive.
SO, roughly speaking, here in the FCT where I live, NNPC stations would be selling fuel at N1000 while IPMAN is selling fuel at N1300. Already, for ages, queues in NNPC stations were longer than those at IPMAN and major marketers. See the wahala.

nairalanda1:
■ I thought as much The issue is, NNPC is still the middleman. IPMAN Has to buy from NNPC, which would make fuel in IPMAN stations more expensive than NNPC.
■ Also, something tells me that Dangote would not be as generous to IPMAN re sale price as he was to NNPC, especially as oil prices are slowly rising again. Either way, na game of chess.

Kingbuhari:
So nah ppl wey dey keep dollar dey make naira become useless abi

iwaeda:
■ Nigeria miracle, Dangote is exporting fuel, NNPCL is importing fuel. Only the wise will fully understand.

treesun:
■ https://punchng.com/seven-vessels-to-arrive-with-petrol-crude-oil-others-npa/ NAN.

chieveboy:
'Speaking in Tongues' is supposedly a means or the act of "speaking mysteries in the spirit realms" according to the users, which is supposed to be a sort of "advanced prayer". I have done it before.

PARADIZEPRIEST:
They hide money in pits and underground in Africa among evil elite both politicians and business people,they are all monkeys ,America digital dollar is coming and ya paper dollar soon be useless.

Nnamdipapa:
The above topic is very popular in the Bible studies expecially as it relates to families raising children. Growing up in christian and very religious family, I have had this verse quoted over and over again and, most of us have come to believe this as a kind of gospel thruth. Now looking up, we quickly realize the verse is replete with assumptions like the phrase "train up a child", like, what kind of training is being implied here. Also, " the way he should go" , what does the above phrase mean in connection with child training...

Image123:
■ Let's wait for the details and guidelines before whining.

Judolisco:
people really benefit but what can 25k do in dis economy?

tete7000:
■ How will they know? Are you going to tell them you have such money in your safe outside bank? They simply make laws they can't enforce. All they just need to do is to create an environment people can trust enough, as long as they don't do that, the hoarding continues.
■ By the way, the man talking might even be the biggest culprit, they all keep big cash in their house. No be president used bullion van to deliver money at his burdillon house the other day? They are hypocrites preaching what they don't practice

lionshare:
Saudi can afford to dollarize* her economy we are not on the same level in terms of dollar liquidity flows.

lionshare:
✓ Again if you know the rate is stable like you’ve in UAE its makes no financial/economic sense to hold USD.
✓ Obviously folks with $2500 ain’t the target but those that have enough to influence market trends with volumes.

Ttalk:
✓How will you spend it after 9month or you just want to turn it to artifact in your wardrobe

lionshare:
✓ Are we on the same page? This 9-months policy will only affects dorm accounts!
✓ We have no business with dollar in Nigeria; the currency is naira. If the rates were stable do you think anyone will care about holding usd?

lionshare:
You want deposit dollar into savings account? Even if your bank accepts it—it’ll be declared—- we all know what a suspicious transactions looks like😊

lionshare:
■ Keyword: Ban cash dollar deposits. Meaning you can’t deposit raw cash into your dorm account—only bank transfers or transactions with traceable history.

lionshare:
They only need to ban cash dollar deposits across all channels and I suspect this is a precursor to that. Even if you choose to cross border you’d have to concede some losses with a chance of losing your cash because if any LEA finds you with cash around the border OYO.

Kingzjayzee:
The Federal Government on Thursday said 25 million Nigerians have so far received the ₦25,000 conditional cash transfer.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this while briefing State House Correspondents shortly after the National Economic Council meeting chaired by Vice President Kashim Shettima.
He enumerated the steps taken by President Bola Tinubu’s administration to provide relief for Nigerians following the sufferings occasioned by the removal of subsidies and other policy reforms being implemented by the government.
According to him, five million households have benefited from the direct transfer. He also disclosed that in the last five days, no fewer than 11,000 beneficiaries have received ₦3.5 billion from the consumer credit scheme. He further said over ₦90 billion has so far been disbursed to half a million Nigerian students under the student loan scheme.

Bobloco:
ABUJA – MINISTER of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed a new government policy that would permit Nigerians who are keeping dollars outside the banking system to bring those funds into the financial system. Edun, said such individuals have a nine-month grace period to comply with the directive without attracting legal liability or financial penalties.
The Finance Minister disclosed this while briefing journalists at the end of the National Economic Council, NEC, presided over by the Vice President, Senator Kashim Shettima, at the Council Chamber, Presidential Villa, Abuja.

CaptainJune:
■ If the only way you can draw conclusion or form an opinion is by way of evidence presented in the court while you collapse every other avenue of deductive reasoning then I can't help you understand what I wrote.