₦airaland Forum

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OAkanni001:
Like I said, I don't wish to engage you anymore but I will do it this last time.

You keep repeating the same flawed narrative and dressing it up as financial wisdom.

1. On your claim that oil is an international product with uniform pricing and that shareholders can only make real money if crude keeps skyrocketing

Nobody disputes that crude oil is globally priced with minor differentials. What you conveniently ignore is that a refinery does not make its money solely from the absolute price of crude. It makes money from refining margins, the difference between the cost of crude and the selling price of the finished products.

Dangote Refinery is already selling petrol, diesel, jet fuel, LPG and petrochemicals both locally and internationally. Higher crude prices raise product prices, but the company still captures the margin.

Petrol is one of their major revenue stream but it is not the only thing being produced. They can easily diversify their revenue source and the reason petrol is the highest is because it is based on demand.

Modern refining plants are specifically engineered and optimized to maximize production of certain derivatives, some are optimized for Petrol while others are configured to prioritize diesel or jet fuel based on what is most profitable or requested by the market.

Your assertion that shareholders only profit when petrol becomes extremely expensive is simply not how refining economics work.


2. Your China claim is still wrong.

China has not “completely phased out petrol cars.” Electric vehicles are growing rapidly and have reduced petrol demand, but petrol and diesel vehicles are still on Chinese roads in large numbers. The same applies to the UK congestion charges and America’s gradual EV adoption.

China's Hainan plans to ban sales of fuel cars by 2030: https://www. chinadaily. com.cn/a/202607/14/WS6a55f6d4a310986e2b46535a.html

The above is a reputable news outlet announcing a plan by a major city in China to ban sales by 2030 not even the use of petrol cars.

Now quote your source on the outright ban.

Secondly, to phase out petrol cars, I don't understand your "unaffordable" that could eventually lead to a global energy crisis like you predicted.

But I know to discourage the use of petrol cars, government will either place an outright ban making it usage illegal or adopt a less strict approach by increasing tax and tariff to discourage citizens from using them. Those two measures can't lead to energy crisis.

3. On the cost of living argument:

There is still no automatic one-to-one relationship between Dangote Refinery’s share price or dividends and the cost of living for every Nigerian. Living costs are driven by exchange rates, fiscal policy, logistics, multiple taxes, and government decisions not solely by one company’s performance.

So, if you have a good government with solid economic plans to improve the welfare of Nigerians, the shareholder gains while that does not stops the economy from growth and development.

Infact if the refinery reduces Nigeria’s fuel import bill and earns foreign exchange, that is a net positive for the economy, not a curse.
Your 50k-to-500k example with petrol at 10k per litre is pure speculation designed to scare people.

You cannot invent extreme future prices and then declare that any investment gain is automatically wiped out. That is not forecasting; that is fear-mongering. Real financial analysis weighs actual refining margins, product mix, export potential, and the company’s expansion plans, not worst-case scare stories.

Your repeated claim that the only path to shareholder profit is an unaffordable fuel crisis is not supported by how modern refining actually operates and whether he released the shares to the general public or not, his refinery existed already so the IPO does not make much difference as it is less than 4% of the company valuation.


4. On calling Nigerians “olodo”:
You are free to criticise poor research or bandwagon investing. Many people do jump into IPOs without proper due diligence. That does not give you the right to brand an entire group of investors as fools simply because they chose to participate in a legitimate company offering. We've got institutional investors who partook in the exercise. Are you claiming they don't know what they are doing?

I'm done with ya!

For example i read in the news that Otedola invested $100million in private placement in the Dangote's refinery, that is about #139billion naira. Is Otedola an Olodo too.

Honestly. 22yrs after the demise of the former Nigerian Airways, the balance of the retirement benefits of the former staff is just being paid to them.

Walai:
Forget all these long epistle, Nigeria have not reached the level where government care for the elderly like in civilized countries not even in the next 300 years. Ordinary to pay pension and gratuity na problem.
Get children and invest in them to take care of you in old age, if not you go regret.

ChisomLexus:
I don't see myself getting down on my knees like this while begging a man to marry me.

It is men that should be begging to marry me because I am a self made woman

So you are God that made yourself. You are very ignorant. Everything a person achieves in life is by the grace of God. It is not by your own wisdom, nor skill or power do you achieve anything in life.

Emdi1914:
You want her to do video call and prostrate to you like our Muslim brothers during prayers?

I wonder oo

Hezzyluv:
15k just like that for an ungrateful creature? I fit bet u, that thanks no come out from her heart.

You people are very funny. Please, what else do you want her to say. She said good morning, thanks. Is that not enough, afterall she didn't ask you for money.

SocialFinance:
Lebara has been in UK since 2000.

It's a life saver for international students back then because of their cheap international calling rate.

I hope they will give MTN a run

MTN has turned to scammers with very expensive call and data rate which vaporise like morning dew

Honestly MTN has not been fair to Nigerians, They need serious competition. You use your money to buy data just like you buy airtime, and they are telling you that you must use it within certain petiod, failure by which it will expire

SocialFinance:
Lebara has been in UK since 2000.

It's a life saver for international students back then because of their cheap international calling rate.

I hope they will give MTN a run

MTN has turned to scammers with very expensive call and data rate which vaporise like morning dew

Honestly MTN has not been fair to Nigerians,

Exceed15:
Una go cry later on top this dangote shares o

You are not an investor, I'm sure you have never invested in anything before, why are you discouraging people that want to invest

BlindAngel:
I have changed all 4 injectors, all 4 spark plugs, i bought original (4)spark plugs from a nairalander here for 62k, I have changed the air filter, yet still the same thing.

15k for 1plug. Just drop that car for some days and look for a specialist that understands camry very well

ravensckar:
My Brother, see as I open mouth wide.

E be like sey na every market day them dey regurgitate this rubbish. Some people don already start to dey lie full ground.

One person said he spends 400K monthly to fuel car? Hian? Na Heaven you dey drive to every day?

Make me I just fold my arms, spread my leg dey read lies upon lies. Wetin concern my Agbero with overload?

#Picks_tooth

You definitely don't have a ride. Because if you have one, you will know what it cost to fuel a car monthly

RealLordZeus:
Was just about to type this, if you have a car, no matter how good you are with fuel eonomy, you will be spending nothing less than 200k monthly on fuel

It will be more than that, except you just go to work, park the car and drive back home, no outing through out the month.

freeborn02:
So, observing indecent dressing in a woman is now because of spirit of envy?!

Can you define envy?!

How you women reason can be disturbing

You women hate the Truth!

Please tell me what is indecent in that dressing.

pocohantas:
A small girl like that already consumed by the spirit of envy. Except she was acting on the instruction of an adult, the tone was worrying. Thankfully this lady reported to the parish priest. There was nothing indecent about that long dress she wore.

There is nothing indecent in that dressing. Except the little girl is envious of the woman's beauty

Ifexibe:
It's an overrated slum. If you know, you know.

It is an overrated slum, but that is the same slum feeding you. Comot the slum, you no fit, because your own place that is not a slum has nothing to feed you. Thesame place called slum is where the VAT feeding your place is coming from

buharibanjo:
Lol except she has his account number beforehand if not theres no way she could have sent it I think

I think they have issues together before. How does the guy even know the lady's acct number, because he didn't inform her before sending the money to her

pcagbaji:
If the money was received via opay , you can see the account number

That is not true. All the account numbers from the sender is not revealed. Only part of the sender's account number is revealed. You definitely don't have OPay account. Because if you have, you will know that not all the account numbers from the sender is shown

anonimi:
Would you mind sharing details of this embarrassment for APC governors in Osun that Wike is responsible for.

I wonder which embarrassment Wike caused the APC governors in Osun election. Was the loss of APC in Osun caused by Wike, because i don't understand. We are waiting for his explanation

ExudeLoveToAll:
Don't know why guys make this mistake, there is nothing a woman will do that will make me sleep with her raw that's inky left with the woman I will marry, my ex even gave me ultimatum that she will break up madam go ahead I don't do unprotected sex with an unmarried partner as a matter of fact I have never done unprotected sex before and wi only do it with the woman I wi marry.

Dudes don't take charge of their lives at all, you only produce a child when you are very sure of the woman you are with not with what she says but her actions for a long time.

The moment I even hear women Castigating their ex I'm off that relationship, that same woman will say the same thing about you to another person in the future.

You are a very wise and disciplined guy

MasterTeeUSA:
Crude is an internationally priced commodity. If Brent is $105 and Atiku wants it to go to Dangote at $70, who pays the difference...and if he says...well Fed will eliminate all taxes that is due to the Govt...he cannot because the Presidency alone cannot make that decision. The States and LGAs are entitled to the funds from these accounts and it will reduce the funds coming to sub-nationals slowing development. If the argument is that low petrol prices will spur development...why has it not done so all these years?

What rubbish are saying here, when we were refining with our own refineries, were the refineries buying crude at international crude price. Was the NNPC selling the crude to the refineries at the international oil price. Is that the way it is done in other oil producing countries

Putinofrussia:
Brainless epistle.
Bring back subsidy,get little reprieve,states go back to not paying salaries

So Nigerians must keep suffering and some people keep using money collected from poor Nigerians to keep buying houses abroad and ride expensive cars.

This is a brilliant idea from Alhaaji Atiku Abubakar

SAMAJ:
He should help his brother if he wants to help. He should buy the Keke and gift it out to his brother but with the clause that the brother should not bring any money matter to him any longer.

Na lie. If he doesn't manage the money well, he will still cry to his brother again if he doesn't have money to repair the Keke. And the brother will have no other choice than to give money again. One thing people should know is that, most people become poor because they cannot manage money. So no matter the amount of money you give them, they will still go broke again. So the best thing is to force his brother to save money by collecting some amount of money from him to save for him. He might reduce it to like 50k.

He didn't go too far. Let him do it that way. But let him make it as a savings for his brother. He won't tell his brother that he is keeping the money as savings for him. Because if he doesn't do that way, his brother will just be spending money anyhow, he may not even have one naira in savings. If the Keke spoil and if he doesn't have money to repair it, he can loan him from the savings he is keeping for him. After like two years of savings and there is enough money to buy another Keke, then he can open up to him that the money he has been collecting from him as been kept as savings.

Michealr3x:
FinTech companies shouldn't be responsible for what the customers use the platform for rather the security measures is what they should be responsible for. In as much as the security is optimal and working well, the rest falls on the customers on what they use the platform for.

I think it is the jealousy of OPay that is causing problem for them . And the truth is that OPay is far better in service and honest. If one naira is in your acct, OPay will be giving you interest every day

erniok:
GtB smaller than opay? Are you aware that opay operates with MFB license? And in your view, it's the bigger bank.

But OPay is far better in service and charges

HacheNoire:
The elites of Ogun state have abandoned governance and the people are left to choose between the worst.

Look at the length and breadth of that state, does it look like it has had a governor in the last 3 decades? Everywhere is an eyesore!

Look at the current governor who looked at everything wrong in the state and the only thing he could think of was to build an airport.

The state is a cash cow for politicians.

Ogun state is an open air concentration camp. I stand to be corrected.

I wonder how Ogun State is like that, considering the number of prominent people from that state

Richtaiwo:
Exactly what I was about asking.

Give him contracts.
That is the only way they can win the election. Atiku contesting again will scatter everything

froxydydx:
What about the husband's brother?

It is like that in every society, the woman bears the brunt more. That is why women should be very careful

optimusprime2:
Sydney are you joking or ...

I have to be very Frank with you, no fluff...

If after an Msc + 6 years Student legal residence in Germany, and you still don't know your left from your right... please, please and please ...go back to Nigeria with your savings & figure it out from there.

To prevent stories that touch as a result of Nairaland advice.

Currently Germany sits as the global number one destination for international students to graduate and find something doing.

However if people read this your post now, they might get a totally wrong impression about Germany... As far as I know, the only con about Germany is putting up with the language but asides that.... mheeeen what are you saying ??

You hussled and found nothing in Berlin... Berlin??, Munich, Stuttgart, Dortmund and Dusseldorf??

Sydney... don't bother about another country, go back to Nigeria.

Since you know much about Germany, please give him beneficial information that be of help to him. He may not have access to the information you have. When a man is not sure of what to do, it is just information that he needs, simple

FSBoperator:
Poverty capital of Europe that's filled with immigrants already.

He's better in Germany getting a skilled apprentice position.

Honestly learning German language would have been your best bet if you can do that. It will solve all your problems. Just be determined and give it all you have, i think it can be done. People that are learning it are human beings like you, but i understand it may not be easy, but it can be done

Kalashnikov49:
With that money you can deposit on a TRUCK in Germany, be a long distance trucker..and make that money in less than 6months. Germany is still better than Canada and if you register as a driver or start your own company, you will get jobs constantly. The caveat is that you must learn German.

If not Europe...try and apply to trucking companies in the USA...but make down payment on your own truck..so that you can fast track your paper work.

I don talk my own finish.

The way i see the whole situation now, learning German language would have solved all your problems. Why not give everything you have learning the language once and for all and settle down in Germany. Determine with your whole of your being and with the help of God to learn the language and settle down there. There is nothing that cannot be done if you are determined and decide within your heart that no turning back, but i know it may not be easy