₦airaland Forum

Flangelo12:
Nobody had ever stopped modular refineries from working.

Nigerians don't take business risks unless when it includes fraud.

They wait for someone to do all the heavy lifting then complain it is a monopoly.

If you don't steal the crude oil, tell me how else will you buy it?
Is it for sale to local buyers? Even Dangote Refinery cried hell before it was sold to him. And that's a whole Refinery

I've had it!

sparko1:
Buying and selling of crude is governed by the international market, the only difference is we pay in Naira now instead of dollar, the price doesn't reduce.

There is no exchange rate involved.
It's like buying and selling locally.
Dangote should be transparent and tell us how much it cost him to refine a barrel of crude.
I'm just tired of all these shenanigans.

How can international market determine what we already have here and it's also refined here ?

Flangelo12:
You can refine yours though.

Will they permit it?

What happened to all the modular refineries. Or are you new in this country ?

richmond500:
it's not scam, he can't sell lower than that

We all know Nigerians bizmen are cruel. Just like the rice people that said FG should banned the importation of rice to drive local production. When FG banned it, what did we have? The prices skyrocketed.
Same with this local refineries. Now you're telling us they have to sell locally at foreign price.

Well, we're all in it together

mikeapollo:
Jobs have been created; the naira will be strengthened against the dollar.

The jobs created have nothing to do with beginning locally and still selling at #820 ( and that's if we're fortunate)

You can still create jobs and set a realistic pump price not one that'll further improvish Nigerians

Scammers.


Imagine this people scamming a whole nation.

So this is what it means to refine locally?
No difference

ALTERNATEID:
Which one should we now believe? Punch at N766 or Vanguard at N960/980?

Why is it so difficult for Dangote to publicly announce the price he intend to sell to marketers? He has been very vocal about a lot of things this year but now that it’s time to sell, he is keeping quiet about the price.

Can't NNPCL simply announce the price itss buying from Dangote? After all, its a public enterprise that is controlled by FOI

This is nothing but a scam.

I've been saying that all the latest increase is geared towards Dangote Refinery

He was also sighted in Laondon

Racoon:
Nothing cool about deceptively shifting the goal post based on deep seated corruption and no one being held accountable while the resources of this nation is being wasted on frivolity

My problem is that as bad and corrupt this FG is some foolish Nigerians still support them

DeLaRue:
Even that one will not sell cheaper than Dangote.

At least lets know the status.
Because of Dangote Refinery NNPCL has kept quiet about it and no one is asking them again

DeLaRue:
The question is, who are the FG and Nigerian Customs.

Are they not Nigerians from this same society where corruption is rampant?

Why do you think Nigerian Customs will be any different.

And if it was that easy to find many honest Nigerians, every government since independence would have solved the issue of corruption.

But they haven't and they can't.

In a nutshell, we're in a quagmire and things can only get worst.

To think just last month NNPCL was selling at #580. As soon as they heard Dangote is ready to roll out they increased to #890.
By the way, what happened to the PH Refinery?

Have we all forgotten about that ?

kolexy:
That’s the reason the masses will benefit. Mr Dangote knows Nigerians will come for him if he releases the price of PMS. Does NNPC have the power to stop him from selling to the public. The arrangement was done to enable the government subsidize the product.

The FG is the one controlling who Dangote sell to? And this same FG claimed the Oil and Gas sector has been be deregulated. Deregulation that can't accommodate corruption is not deregulation in Nigeria

sparko1:
They will be aware of where the truck is head and can track the supply, the truth is, some Nigerians don't want things to get better, they just want it to remain this way so they can make more money.

The marketers are a part of the problem, we don't have enough fuel but they are exporting to other countries after buying it cheap in Nigeria and becomes it's not going through customs, Nigeria don't get anything from it.

The truth, the exact cost of fuel is about 1200, if NNPC allow them, it will be around 1300, Nigerians are not ready for that now, so I suppose they want to reduce the burden and maybe sell at 800 or so, and then manage distribution.

If the reserve can continue to rise, and dollar get back to 700 naira the price of fuel will eventually become as low as 400, but until then, this is the best they can do, at least now we don't have to pay in dollars.

So #766 is what we will get with all the buy crude in Naira and sell in Naira?

This is a scam!

sparko1:
They will be aware of where the truck is head and can track the supply, the truth is, some Nigerians don't want things to get better, they just want it to remain this way so they can make more money.

The marketers are a part of the problem, we don't have enough fuel but they are exporting to other countries after buying it cheap in Nigeria and becomes it's not going through customs, Nigeria don't get anything from it.

The truth, the exact cost of fuel is about 1200, if NNPC allow them, it will be around 1300, Nigerians are not ready for that now, so I suppose they want to reduce the burden and maybe sell at 800 or so, and then manage distribution.

If the reserve can continue to rise, and dollar get back to 700 naira the price of fuel will eventually become as low as 400, but until then, this is the best they can do, at least now we don't have to pay in dollars.

How are they able to get it out of the country in trucks? The FG and NC are complicit. Petrol are smuggled in large trucks and they move freely across the border.

uncleck:
Because I'm not dumb like you

You don't have to insult your fellow Nigerian. He's not your enemy , our enemy is this FG that some of us voted in. They told us refining locally will reduce pump price only to start singing another song now.
And some of you are still supporting them. Are you immune to all these current suffering ?

Shimbo96:
Everything news is bad news for people like you... why are you always looking for mistakes in every good news?

You don't have to insult your fellow Nigerian. He's not your enemy , our enemy is this FG that some of us voted in. They told us refining locally will reduce pump price only to start singing another song now.
And some of you are still supporting them. Are you immune to all these current suffering ?

uncleck:
Dangote cannot sell at loss whether in naira or dollars. All he wants is to sell his product irrespective of which country... He is not government... Again, NNPC lifting it doesn't prevent smuggling. Has NNPC being sole importer in recent months stopped smuggling?

Dangote said he is ready to make necessary financial sacrifices to lessen the burden of Nigerians. It's this FG that ( some of us voted in ) that is hell bend on adding to our burden

DeLaRue:
I don't understand the secrecy too.

However, I think we will know the price within the next 2 days as the petrol starts being sold at filling stations.

I suspect NNPC will make no formal announcement of price now because they probably believe doing so will dominate the news and create unnecessary drama for NNPCL.

Bro, whatever price you buy on Tues or Wednesday at any NNPCL filling station is the new price.

If we buy at this current price, then Nigerian should come out and protest emass.
I'm sure that was why they've been creating shortages for the past two months. Isn't that treason?
They're always quick to label any criticism by the opposition as treason but they are the ones actually committing the greatest economic treason

uncleck:
How does "having control" the same as monopoly? Don't you know the meaning of deregulation in Nigeria?

I'm sorry deregulation, in Nigeria, deregulation means FG will continue paying and dictaing price secretly

uncleck:
Now tell us the landing cost of Dangote fuel

Landing what?!

uncleck:
Tell us the meaning of landing cost please

What has landing cost got to do with refining locally?!
Do these people ever mean well for Nigerians at all?

daragrams:
Dangote is selling at N766

Is there a link to this your information?
If it's true.

Nigerians won't accept this. It's broad day light robbery.
Is this what it means to refine locally ?

DeLaRue:
I don't understand the secrecy too.

Let's wait and see.

By now if Dangote's fuel doesn't mean a reduced pump price this FG are scammers and need to be booted out ASAP!

You're about to lift petrol and bring it to the market and no announcement of any official price.
Why all this secrecy? I'm these people are planning something not in the interest of Nigerians

That's the Honda Motorcompacto.

Very innovative but not suitable for most Nigerian roads.
Most of our road are off-road. It won't be easy to ride on rough roads

chiagozien:
When will the Abike free Yoba goats in death row in Saudi Arabia.

A criminal is a criminal no matter his / her ethnicity

MadPolitician:
She's trying to insert her dubious self into the middle of the whole story, just to extract as much praise as she can. The lady is unbelievable.
Just as you said, the lack of effective diplomatic representation has led to the imprisonment and deaths of many Nigerians abroad.

Many other countries would go the extra lenght to make sure that their citizens are not jailed wrongly and are educated about the dangers of illicit business, but over here, Abike and her couturier of petty minded colleagues are busy playing tribal politics with their jobs.

Calm down
She was approached to use her office to intervene

Mr. Ogebe, who had approached Dabiri-Erewa for her intervention, believed that Ihejirika’s case involved mistaken identity and offered his pro bono legal services. He pursued the case to Indonesia’s Supreme Court, ultimately securing Ihejirika’s release

Just float your own Gas Station

casualobserver:
You are the eeediot for commenting on matters above your pay grade!

Dangote refinery does not need Nigeria to survive. Like I said ina post above, Dangote can import all its crude and export all its refined products. There is no shortage of willing international offtakers. Just the other day a Kenyan analyst was expressing his delight that Dangote is now onstream.

It is Nigeria that needs a way to get petrol to the people at a price that will not cause them to revolt or price inflation. They only way they can do that is to do a deal with Dangote and that is why Dangote is the sole supplier. If Dangote were to sell his products at the market rate like his diesel, it is the same ignorant eeediots like you that will complain that the price is too high.

Dangote does not need Nigerian crude or Nigerian market. His refinery is designed to handle crude from any source whether light or heavy and he will get a better price if he exports his PMS. It is you who won’t pay the market price. Your neighbours in ordinary Niger, Cameroun, Benin etc are already paying market price and due to proximity Dangotes PMS will be cheaper for them.

Did the FG tell you they're still paying subsidy?
Answer Yes or No