₦airaland Forum

Den never even start the thing don scatter.

When Haipob begin cheer you up, know that the end is near

.

Nazgul:
What conversion do you need when you've never seen a dollar bill in your entire life. I gave you a simple assignment to carry out at any bureau de change outlet closest to you and get real time results you're here talking about conversation. You must really be a talkative in real life.

Since we've resorted to using Google let me expose your ignorance here.

And for the records you're the one who's sounding like a 20 year old boy. You're ignorant of real life happenings around you but keep arguing blindly.

This is not true. There 3 classes of crude oil. They class them based on yield. The best one can get in a litter of crude oil is about 50% pms. While about 40% will go to byproducts. Close to 10% is lost to evaporation and others.

https://www.nairaland.com/7711649/how-many-liters-one-barrel.

Now go back and ask AI again because your AI is not saying the truth

I will open a thread so that you can teach nairalanders how to convert since you have a different ways of doing the conversion

Nazgul:
Have you ever changed dollar using a mallam who operates a bureau de change outlet? If no, I have nothing more to say on this matter. Cos sitting in your house and typing what you see on Google is totally different from people's experiences in real life.

No you're the one arguing blindly. Cos you're using Google rather than real life experiences.

Just walk into any mallam with a single $100 and 5 pieces of $20. If you're given 161k for the single $100, you'll be given 140+k for the 5 pieces of $20 which is also $100. Google wouldn't tell you that, it's only when you've experienced it personally that you'll understand what I'm saying. So your logic about the official rate is totally flawed. Cos rates fluctuate and like I said, Google wouldn't tell you that.

My point is that Dangote who is the center of this discussion cos of the high fuel prices buys dollar from CBN at a rate which is lower than the official rate. So your calculations about the value of 42 cents in Naira is also flawed as well. Cos you're using the black market rate to defend someone who buys lower than that.


I said a standard barrel of crude oil (159 liters) yields about 170 liters of refined products. I knew this from a marketer who used to supply fuel from a tank farm to one of the AP (now Forte oil) stations in Lagos years back.

If you have no experience about something, stop arguing blindly.

You lie so much. I may end up opening a thread with the images of your argument attached. At least others can help us with the conversion. Please be humble for once especially when necessary.

You can lie bro. 159 litters will produce 170 litters? You lie too much.

Who knows if you're one of those 20 year old boy

WhatGodCanNotDoDoesNotExist😜

Nazgul:
Lol...you're the one misleading people by using mathematics to do exchange rate. This your reply shows that you know nothing about how the Nigerian exchange rate system works.

Let me enlighten you on it, are you aware that someone with $100 single note and someone with $20 in 5 places wouldn't get the same exchange rate despite both of them being $100?

Also someone with 100 pieces of $1 and 5 pieces of $20 wouldn't get the same exchange rate despite both of them being $100?

Are you also aware that Dangote doesn't use the same exchange rate you use? The rate CBN uses to sell dollar to him is totally different from the official rate. So the black market rate you quoted is a far cry from what he's given.

Also the high dollar rates which is one of the major causes of high fuel prices, was caused by Tinubu's visionless policies.

So I don't know what you're defending. The oil cabals are raking in billions of naira daily, you that is sitting in your home without any connection to any of these people whatsoever is defending them. Affordable fuel which is the only thing you can actually benefit from the government is what you're kicking against and defending people getting fat from looting you dry.

You my friend have a serious problem.

Please explain how you get your own conversion. After that you must provide a verifiable tools that convert or support the way you converted.

You won't learn bro.

It doesn't make sense to be arguing blindly. Ask others, use Google to do the conversion instead of your poor arithmetic reasoning.

Official rate for dollar is still around 1600 naira. So what's is your point.

I think you also say 158 liters of crude oil will produce how many litters of refined oil.

I hope I am not wasting my time by engaging you?

Nazgul:
You're just going around in circles. If you took your time to read through my replies to you, you'd have discovered that I've posted the conversion.

I'm done replying you cos it's obvious that you have nothing to say.

Sorry oga no vex. But this is how you end up misleading yourself and a lot of people.

How on earth can 42 cent be 194 abí how much you call am sef?


To convert $0.42 (42 cents) to Nigerian Naira (₦):

Step-by-step:

Exchange rate: $1 ≈ ₦1,620 (black market rate as of June 7, 2025)


Conversion:

0.42 \times 1,620 = ₦680.40


Final Answer:

$0.42 = ₦680.40

If you think this conversion is wrong may be I won't be able to help

I don't understand

Nazgul:
Lol...i posted the price in one of my replies 8its 42 cents. While the price for a barrel is between $62-$64 depending on the type of crude.

Need I remind you that the lower the price of crude oil, the lower should be the price of petroleum products. So if a barrel of crude is about $64 not $100 (or above) as it used to be a couple of years ago, why does fuel keep rise?

Tutor me I'm all ears.

Let take it one step at a time.

Now that you have done your calculations and estimates. You have refused to do the final one.

Please convert 42cent to naira and report back here.

Nazgul:
See how ridiculous you're sounding. I'm talking about fuel prices and how the masess are being extorted by the oil cabals and you're here talking about 2023 elections. Did you see anything regarding elections in any of my posts?

I've always said it. The average APC supporter has nothing upstairs aside blindly defending this government.

Just look at what you wrote and go back to my post and ask yourself if this thing makes any sense to you.

Sorry the message wasn't to you.


Now to the matter. Please go and find out how much a litter of crude oil costs @ the international market.

I don't meant refine or finished product. Crude oil (unrefined oil). Please let me know when you get that so that I can tutor you since you think you are an expert in oil matters

Abati deserve what he gets.

1. Wike and Amaechi dey fight ( both politician ) you who's claiming neutral dey vex and begin to fight for Amaechi. On what basis? You are truly Amaechi spokesperson by your attitude.

2. You went to a book launch but Rufai said you called that you were sick and couldn't make the show. Who's is lying?

3. No one say you can not scrutinize Wike but this time you didn't scrutinize him. You attacked him. This again show that you are not what you are painting.


4. You were invited by EFCC and there is a no case against you which may be true. But why was Rufai also mentioning a 20 million naira fraud Lere's case that the court has stuck out?

Abati and the entire Arise tv are Elupee

Nazgul:
Typical ignorant Nigerian. Why not put up your own analysis to counter mine since you know so much?

In 2023 PDP dominated and won almost all the positions for the house of rep and senate in his state. Yet he was a sitting governor. The governorship election which his party one under him was very close. If he couldn't influence people to win for his party's candidates when he was a sitting governor how managed you see him as a political heavyweight champion.

What are your own analysis and figures? put them up for me if you are not ignorant

AMINDA:
Was he on the ballot? You lot underestimate how unpopular Tinubu was in 2023. He's even more unpopular now in the North no thanks to his poor performance and disgraceful treatment of allies like Elrufai. Elrufai is a major factor why Tinubu won 5.6m votes in the North. In 2027, the dynamics will be different. Tinubu should better have a contingency plan in place to replace the Northern votes he would lose with votes from the South. Otherwise, he's toast.

He was so unpopular that even Sanwo-olu couldn't deliver him in Lagos. He now blames Sanwo for not brazenly rigging the election on his behalf as was done in Rivers.

Just like every other failed projections you people shunned out every time. You people always think your imagination are facts

Nazgul:
The rate at which you guys display your ignorance just to defend Tinubu is really annoying.

A lite of crude oil is sold for 42 cents at the international market that's about N192 with the current exchange rate.

Nigeria refines crude here, so we don't have to pay for transportation, demurrage and other fees...besides a barrel of crude oil (159 liters) yields about 170 liters of refined products. So why should fuel be sold for N860+ how do you justify that?

It's pure greed on the part of Dangote and NNPC and nothing more.

This looks like a typical Obi's and Co analysis. Why do you come here to put out things you don't know in the public. Don't you know you are ridiculing yourself?

LordBiden:
El rufai is a heavyweight politician in the north with cult like followers.
He has his bad sides but notwithstanding he will be able to give tinubu serious challenge in the north.

Yet he couldn't win for APC in the presidential. His party lost more seats to the opposition in the house of Representatives and senate in the last general election and his party narrowly won the governorship. That's is within his state of even when he was a siting governor.

No be only heavyweight.

runningriot:
Yes Lere is very good in uppercut and badmouthing no body doubts that but it is unfortunate that Lere himself doesn't know the metrics that sum up journalism. Journalism is like music and football that you don't have to have a formal certificate in it to be a key player there. Yes! A lot hell of journalists all over the world today never studied journalism and they are award winning journalist. Conclusively, watching the interview you will know that Lere has resorted to bitterness and pettiness to bash at Rufai with Ad-Hominem and Red-herring fallacies in media conversations.

Rufai is bias! He deals with Obi and Labour party differently. That's the point. He's not practicing journalism but using his medium to tackle other parties in favor of Elupee

lexy2014:
what is wrong with doing animal documentary?

Absolutely nothing! But he should have stuck to dealing with animals since that's his profession. Why handling journalism when he doesn't have even the minimum certificate for it

Nazgul:
I priced it last night which was sallah, the price the woman told me is within this figure you quoted. It has really dropped. The reason why we haven't started experiencing a drastic drop in inflation is because the price of fuel is still high.

If fuel drops to like 400-500 per liter, the drop in inflation would be obvious even to the blind.

Fuel can never drop to that amount. Unless there is subsidy. The price of unrefined crude oil is even more than 500 naira and it is around 700 naira per litter in the international market. So after all the wahala, they won't gain abi?

DenreleDave:


Who dey compute all these nonsense for God sake

A kg in a gas station is 1030 naira..

I did 5kg for 5150.

Lagos... Agege.....

The report mention April but all of you are talking of present. Our youths sef

RodgersAkpafu:
delusional
that's what u are

You mean Russia had won the war or are you from the lost tribe?

I remember when the war was brewing, some people generally from the chest-beating tribe force it on us that Ukraine will end after 7 days.

They chest-beat so much for Russia against Ukraine in such a way that the everyone was forced to submit to their ignorant narratives. Even me begin dey fear for Ukraine.

The war is well over 1000 days already. Not 7 days, not 7 weeks, not 7 months

Just don't follow this people's mouth. Their winning is only online

Shawarmagirl:
If you want to know, tell eye neck not to rig the election in his favour again. Nigerians are the one voting not the state governors decamping.

So like how many people can you mobilize? Poor reasoning

onome25:
that's his selfish problem
one day one day, all these politicians decamping here & there will one day regret Thier actions
Useless people
what have they done to for Thier people " nothing "!

That's why I keep warning Obi. Because he will regret it

Northernblood8:
Since it doesn't involve an Igbo man, No outrage, No human rights concern, No protest and no call for execution.

It is just two people having fun

Don you mean Igbo man is an endangered specie?

kay29000:
Selling the head to who na? Babalawo?

The OPC guys would buy it. The Iya eleweomo would buy it. It sells off quick

Mariangeles:
Pity wetin?
What about those helpless chickens and their chicks that they killed?

All the cats should even go extinct like their wild ancestors.
I mean, of what use are they sef?

You just wasted that cat by burning it. Selling the head would buy food for the chicken

Kaycee9242:
Are we earning like those other countries? And do they have crude oil like us?

Web have crude oil. That's the reason we sell almost half the price of others

Meet are always cheaper in abattoir if you sabi way

Amotolongbo:
Hope this was not part of the reasons why Deji Adeleke went with his son and brother to visit President Tinubu over the weekend?

Who knows maybe you are correct. Even a pastor rushed to see baba

Tjra:
The whole world hate Igbos. Why?

Because they are cursed