₦airaland Forum

JimD:
Of course. Like attracts like. You're def a low value man with zero standards.

Now I'm a man! I love it!🤣

Jeon:
Don't sex anyone who's not you lawfully wedded spouse.

How about traditional marriage? Law doesn't recognize

GeneralDae:
You are right as it pertains to Govt revenue. Yes it won't make significant difference. But speaking of how it affects the naira, it would make a difference because 80% of Dangote's conglomerate is still in Nigeria.

So when Dangote receives Dollars, he would have to sell a huge chunk of it to get naira as well to maintain his other investments in Nigeria.
Right now we are just importing PMS from Hamburg and Belgium and giving them dollars and receiving no inflow from them in return.

This time, we are paying Dangote dollars and Dangote would put back some of those dollars into the financial market in Nigeria when he needs naira. On the contrary, Hamburg refineries we currently sell to, would hardly have any need to buy naira.

Well, that 80% of Dangote is in Nigeria hasn't helped the naira. Of course it will be different with oil but not "huge"

JimD:
Let me just drop this here:

The most important question to ask about a woman you're dating or a woman you're trying to date is: what does she have to offer me apart from sex and children?

You these low brow NL men, what else do you want her to offer you besides sex and children??

GeneralDae:
This one is different because PMS is still our biggest import and affects the naira more than cement or anything else by far.

It is different but not "huge". If it were owned by FG that'll be HUGE - we won't be paying ANYBODY to buy back our oil as refined product!

GeneralDae:
The huge difference is what I explained in my first post to you (the one before this one you quoted). I would repost it here.

"Exchange rate strength does not necessarily mean cheaper products. What it means is that:

1) Cost of importation is reduced (so extra dollars saved)

2) The dollars we pay to Dangote to get PMS would likely still circulate within Nigeria.

3) The exports Dangote makes in dollars would stay majorly in Nigeria because Dangote also needs naira for a lot of things. So he would take a huge chunk of his dollars to Nigerian Banks to get Naira equivalent.

All of these strengthens the Naira".

I see the difference but I don't see the "huge". We are talking of one private company vs. the currency of a whole big nation. Dangote is the richest man in Africa and all his businesses are in Nigeria yet it's not like if he sneezes our currency will catch cold!

GeneralDae:
You still don't get it. Read my post again. Shell controls forcados which produces over 400,000 Bpd of oil that also helps the naira. Is shell not a private company?

What are you saying has little to do with exchange rate.

If Nigeria buys refined oil from Dangote in dollars, what is the HUGE difference between that and Nigeria buying refined oil from Fiji. Focus on the word, huge

MindHacker9009:
You think YouTube is just for slay queens, the world has left you behind


https://www.youtube.com/watch?v=qHXwSdRftJI

My friend YouTube is full of half-truths, exaggerations, and outright lies.
Just because Biden is a Catholic doesn't mean the Catholic church runs America!

Why didn't Free Mason help Ali Bongo when he was recently overthrown??

BALLOSKI:
The dollar the refinery will be earning from export would be in our economy. The 11k indians pay their taxes in dollars. It's a win for us.

GeneralDae:
Exchange rate strength does not necessarily mean cheaper products. What it means is that:
1) Cost of importation is reduced (so extra dollars saved)

ufotunang:
....I know when there is competition in the refinering sector..price of refined petroleum products will become cheap...I heard in nairaland

Bottom line: It is easy to forget Dangote is a PRIVATE company. Same way they hired Indians they'd be doing things that maximize profit. An FG owned company will never hire 11K Indians

MindHacker9009:
Dey play. I was watching a YouTube video that said Rawlings was one of them.

Lol🤣😅. That explains it. YOUTUBE!!!! The home of all weirdest and most nonsensical conspiracy theories!!!
Get your head out of YouTube before you go totally loko!!!

MindHacker9009:
Even all the churches are controlled by them. They also invented Jesus christ and the virgin birth to deceive the gullible ones away from worshipping the True God of the Old Testament.

I was being sarcastic. I don't believe the Illuminati/ Free Mason crap. Free Mason is a mildly secret organization. There are some that are much more secretive. Non of them comes close to controlling even ONE small country, talkless of the world. Hence soldiers can pick up arms and take control of a country!

Bestbrain123:
It is the MIND of men that control the world, history, government, politice and money.. Any other is unproven .. Science is under the above mention... God is totally out of the picture. he has done his works, let man lead the way.

How about we women?

ufotunang:
......ok what causes dollars to rise is when there is scarcity of dollars in the country and high demand for dollars for importation....and what causes dollars to fall is when there is high supply of dollars into the country. when the country is earning dollars.. generating revenue in dollars from producing goods and exportation of goods and low demand for dollars.,so when Dangote refinery start by December 2023 and start to refine crude oil and produce fuel, disel, Kerosene and other petroleum products in nigeria .. through Dangote refinery nigeria will not be importing fuel,disel, kerosene anymore into the country which will save nigeria dollars because nigeria uses dollars to import fuel disel kerosene and other petroleum products into the country....so with the Dangote refinery nigeria will start to export this fuel ,disel, Kerosene and other petroleum products for sell to other countries inorder to earn dollars, generate revenue in dollars into the country and the supply of dollars into the country will be more and dollars will not be scarce which will make the dollar rate to fall the more and the naira will have value and appreciate against the dollars

But Dangote is a PRIVATE capitalist company intent on maximizing profit. Example (see below), it hired 11000 Indian workers not Nigerians, and they won't be paid in naira. In other words, just because Dangote happens to be located in Nigeria doesn't mean it will sell refined products cheaper to Nigeria, neither is Nigeria obligated to buy from it if it can find cheaper price elsewhere

Everybody knows it is Illuminati and free masons

StarRiderr:
The guy is still new on the game women with entitlement mentality your wife will have millions with her but pretends she don't have penny until she is convinced within her that you're in dieing need of that money she will now tell you let me borrow from my friend... fear woman

But this particular woman was HONEST. She could have pretended she indeed borrowed from friend. Instead she even showed him she had more. What a virtuous woman!

UptownVibes:
That's woman nature for you.. They don't give a fvck about men,they are in it for what they will gain.. It could be kids,marriage, fame,money,class e.t.c

So guys please be wise!

And what are men there for?
For what they will lose?

grandstar:
World War 3 would commence!

World War 3 for where. One punch, lights out!

doggedfighter:
You are a woman ?

Well, some have accused me of being a dirty feminist, others have accused me of being a red-pill pig, still others have accused me of being an "Agbadorian" on 30K salary, then there are those that have accused me of being a "headless-mob" Obidient😅
So I've decided to embrace all perceived dimensions of myself!

Chibrownz:
1.

No3,4,5,6 will shock you

Read more https://africalevel.com/5-signs-that-prove-its-the-right-time-to-let-her-go/

Wow, you right - 3,4,5, shocked me (there's no 6)
Here they are below

One good thing Prophet Muhammad (SWEET) did for his followers... besides 72 virgins of course

Oloki:
Sex is wired to a woman's head in such a way she can switch off at will. So you need love and attention to unlock it.

If this is true how come some of us complain our husbands don't give us enough??

3ice9ce:
The agreement before being granted a refinery license says so.

Agreement according to Emefiele whonis currently in jail, and who made so much money from what he cooked up with Dangote that he started running for president! Has anybody seen this agreement? And Dangote will pay his 11000 Indian workers in naira!

OlawaleBammie:
Well, but I still don't believe you to be a man sha

Well, this is Nairaland. You can be anything you want to be. Just be consistent - there was this guy who forgot, in the midst of argument, that he was supposed to be a female. Thus unmasking himself after years of being a beautiful, sought-after "female"!😅

kestolove95:
Wike is stronger than Atiku and obi put together

Stronger in terms of followership or what?
Stronger how?

SIMPonPatrol:
Why should he take the money by force?

Is it his money?

Ok, let's analyze this statement. Whose money is it?

OlawaleBammie:
Chaiii good forbids oohhhhh


But tru some of ur posts I know u to be a woman na

MAYBE not only two hairy balls but lying in bed scratching them while typing this🤣😅