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Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike - Politics (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNaira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike (19578 Views)

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Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by zinaunreal(m): 8:00am On Aug 25, 2023
Ritchiee:
Obi cannot even govern a state progressively and you want him to govern what is bigger than him.
He was a failure when he was the governor of Anambra.
Anambrans at that time Nicknamed him Bad Omen because of his inefficiency.He did well in a very few areas but, specially,economy was bad and poverty was 50%.
Soludo warned against voting for a calamity like Obi.
He is certainly a gentleman but not cut out for governance.
Tinubu is a goal getter and a proven administrator with a Midas touch.
The start brings some pain but it will be short-lived and Nigerians will be greatly thankful that Tinubu is the president.
The growth will be exponential even before the end of his first term.
Most of you will rush to vote for him except grave bigots.
It's not a must they vote obi. Left for me osibanjo is better than all of them put together
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by zinaunreal(m): 8:01am On Aug 25, 2023
BoldBrainz:
Get away from here, my friend!

You can see tomorrow and you're stuck in Nigeria being ruled by thieves and drug barons, waking up this early in the day to talk nonsense on nairaland. That's how you go around defrauding gullible and innocent Nigerians with your thieving tendencies!

Unam Ikot!
Chai chai. Its wicked that God gave you a narrow skull 💀

Mumu think say I dey naija 😆 🤣 😂

If I'm fake drop contact
Besides bieng outside the country doesn't measure success olodo rabata.

You should fear my predictive accuracy. Better go and read it again . Clown
I just pity your life how you judge people
My friend get lost . I reply you in silence from now. You don't exist
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Flame333: 8:01am On Aug 25, 2023
FuckTheMod:
EVIL USA - UNITED SNAKES OF AMERICA HAS FINISHED THE WORLD.

I can't wait for BRICS to turn things around.

A currency back by absolutely NOTHING is said to be almost 1000x more valuable than Nigerian naira.
- The biggest economy in Africa
- SOME FOOLS WILL SAY THE CURRENCY IS WEAK BECAUSE NIGERIA IS NOT PRODUCING ANYTHING AND WEAK IMPORT EVERYTHING. THIS IS ABSOLUTE LIE AND STUPIDITY.

1) Nigeria produce OIL! CRUDE OIL AND IS THE BIGGEST PRODUCER IN AFRICA.
2) NIGERIA EXPORTS LOTS OF THINGS, ESPECIALLY AGRICULTURAL PRODUCTS. GO TO THE PORTS AND SEE TONS OF GOODS THAT GOES OUT OF THIS COUNTRY EVERYDAY.
You're venting your anger wrongly which is unwise..

United State is not your mate.. A country that owns almost half the world economy is not your Mate..

From 1960 till date, your country has been ruled by people with unqualified exposure to growth and development..

If you have a company today, what qualifications will you be looking at in Buhari that you gave eight years to lead you to the promise land. Someone who could not understand mere monetary policy that caused disaster...
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Ozommadu: 8:04am On Aug 25, 2023
Zxcvbnmghtr:
cry

Am so glad President Jonathan and his family were able to manage his loss in 2015 Election and has since moved on with their lives. Complaining all the time which is very perculiar with a particular group of people must be genetical, a composition of their DNA.

If Jonathan were to be a part of them, his people would continue to wail till eternity.

There is no cause for any kind of fear. Fuel price will not go any higher. This was speculated few weeks ago and the Government responded positively.
Is that all you have to say?? How much was dollar to naira during goodluck govt?

How much was fuel when you occupied ojota??
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Karleb(m): 8:06am On Aug 25, 2023
🤣🤣
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by emmaitive(m): 8:10am On Aug 25, 2023
FuckTheMod:
EVIL USA - UNITED SNAKES OF AMERICA HAS FINISHED THE WORLD.

I can't wait for BRICS to turn things around.

A currency back by absolutely NOTHING is said to be almost 1000x more valuable than Nigerian naira.
- The biggest economy in Africa
- SOME FOOLS WILL SAY THE CURRENCY IS WEAK BECAUSE NIGERIA IS NOT PRODUCING ANYTHING AND WEAK IMPORT EVERYTHING. THIS IS ABSOLUTE LIE AND STUPIDITY.

1) Nigeria produce OIL! CRUDE OIL AND IS THE BIGGEST PRODUCER IN AFRICA.
2) NIGERIA EXPORTS LOTS OF THINGS, ESPECIALLY AGRICULTURAL PRODUCTS. GO TO THE PORTS AND SEE TONS OF GOODS THAT GOES OUT OF THIS COUNTRY EVERYDAY.
shut up, you be zombie aswear
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by masseratti: 8:12am On Aug 25, 2023
While I will keep on saying that the I and D window need to be scrapped.. Nothing like official rates again, this media sensation in naira dollars exchange rates at the black market helps no one abeg.... They should rest.. Also marketers going to the press to say this and that should also rest.. The market has been deregulated. Anyone of them is free to go and buy at any rate and sell. Stop shouting on pages on newspaper if the business is not conducive for you.try another thing. No one she fix the price of fuel anymore as a government or a group.

IF they don't close the official rates Naira will keep on siding further.
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by BOYS2MEN: 8:13am On Aug 25, 2023
You guys offended your conscience all these years by surpressing them....😁
Amethystss:
Who did we offend in this country?
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by FuckTheMod: 8:15am On Aug 25, 2023
emmaitive:
shut up, you be zombie aswear
Yamama na zombie
Ho low fo
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Fearyourcreator: 8:15am On Aug 25, 2023
SpartaOfLagos:
Tinubu in less than 100 days in office has destroyed the little that's left of Nigeria

That's what happens when you have nothing to offer but just want to answer "President ".

I hope the tribunal kick his old corrupt ass out soon
You no get work
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by emmaitive(m): 8:16am On Aug 25, 2023
tinubu buhari APC is a cloud of darkness that nothing good can come out from.Nigeria will keep going down so long as APC is at middle
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Qwertyuser: 8:19am On Aug 25, 2023
IduNaOba:
Naija saw Peter Obi who had clear cut polices and rejected him.
Una see person wey do campaign like say na job interview, fielding and answering questions, had a very clean and positive image and focused direction but una say no!
Naija preferred someone who had zero intentions to move this "corn tree" forward just to teach igbos a lesson.
Now, dollar go soon hit 1k before September second week and prices will keep going up.
You guys voted for this government.
Make una enjoy am.
Ndigbo will simply increase price of their goods and services too.
Nothing concern us.
Meanwhile look at Abịa state mehn....
LP amaka. Alex Otti amaka. Alaigbo amaka.
Did Nigeria reject him? Or hijack happened
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by DenreleDave(m): 8:22am On Aug 25, 2023
UDUJ:
And you had to quite the entire article just to make a senseless post and waste valuable Nairaland space?
grin grin grin grin

Very frustrating people. They will quote the entire article and u go see small and uselss comment grin grin grin
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by UDUJ(m): 8:26am On Aug 25, 2023
DenreleDave:
grin grin grin grin

Very frustrating people. They will quote the entire article and u go see small and uselss comment grin grin grin
The thing tire me bro cheesy
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by ayo2008: 8:30am On Aug 25, 2023
adenigga:
Source: https://punchng.com/Naira-crumbles-to-920/$-fuel-marketers-push-for-fresh-price-hike
Putting the horse before the cart... That is the effect. Is not rocket science.

He just wanted to be the President but brought nothing to the table that will mitigate the untold hardship steering the country at the face.

So sad!

Divine intervention is all we need at this juncture
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by SalamRushdie: 8:35am On Aug 25, 2023
Hate it or love it Tinubu has irrecoverably failed ...I don't see how he can recover this economy again...
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Bluntemperor: 8:39am On Aug 25, 2023
valentineuwakwe:
It's so shameful as a oil producer and exporter then we still import "our" own fuel!
Government should fix the refeneries and stop this madness on petrol subsidy!
Na so Bro.
The Troubles With Nigeria- No Be Today :
-You can see all the rantings up there,as if the gullibles have anything good ,as solutions!
Since the 'discovery of the Oil' in Niger Delta Region - all the Govt, including GEJ- did Not make any effort to put the Refineries into good shape but have been Importing the same Crude Oil - (God gave us),back into the Country - with the Money ( FOREX ) we got from same Exports! Is that not shameful?
Why did the Governors opposed Mrs Okonji Iweala's Suggestions- to be saving against the ' Raining Day' ? Where are all these Nigerians then? Deceptive People,with Deceptive Politicians!
- the Labour Leaders( NLC),have been enjoying and travelling to many Continents - claiming Estacodes in $ Dollars,but -have now discovered that their regular Dues are threatened,with the Removal of Subsidies - no wonder they want Strikes!
1- How many have been going on Strikes- for Pension Scams from many Companies for refusing to remit their Workers Monthly Pensions, even the PENCOM is not better in this Fraud!
2- How many have been going on Strikes-with many Retirees/ Pensioners Cases - so many Cases are in Courts without any way Pensioners are suffering,dying,as their living Conditions are worse due to high Inflation and Nobody is fighting for them?
3- Now, LP and some PDP goons, wants -All Eyes On Judiciary ' when you don't even believed in the Judiciary e g.during the CBN Emefiele's Cashless Naira Policy,backed by LP and PDP,the same People could NOT obey the Courts Law,but we're happy for such gross disobedience and now wants the Judiciary to safe them! Who is deceiving who?
4- How many have gone on Strikes for - Fraudulent Organisation like :
• DISCOS/ NEPA - short-changing the Masses without Lights but with Darkness- afterall,other Nations like USA, European, Israel,Dubai- are permanently on 24/7 Lights!
• the NNPC- for Not having FUEL,No Refineries Working,yet selling Crude Oils- everyday - without full Accountabilities to Nigerian People.
•In Late MKO Voice- ' We should have Daily Accoutability of Fuel and Crude Oil Money in Nigeria'!
- Are our Borders Closed in the North,when they Closed the Southern parts? NO!
• How Productive have we( Nigerians ) be, afterall,we are all living on One -Single -Products - OIL- When even the OPEC have all diversify theirs Economy?
•In other words,we have been Corruptly enjoying the Oil and the Money and now should-Diversify with Challenges,which we ought to have faced decades ago!
To President Tinubu:
•President Tinubu, Please,as a matter of Urgency- should give Us( Nigerians) time and date when the Refineries will be Functional and Perfectly Working ,as we should not depend solely on Dangote-Refinery'-who is not even talking to Nigerians on all these!
•We are very Indiscipline and Unpatriotic = CORRUPTION but only very Few Nigerians are!
That is the bane of Nigeria Problems!
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by franconian: 8:44am On Aug 25, 2023
Amethystss:
Who did we offend in this country?
No one, no one really.

Corruption is very expensive, we are a very corrupt nation. We're only paying the full price of corruption. We cannot sow corruption and expect to magically reap progress, e nor dey work like that.
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Zxcvbnmghtr: 8:46am On Aug 25, 2023
Favourchris:
This one is still under his parents or living very well in denial.

Leave those people alone and focus on the failure u voted for ... By the time he done with u guys una eye go clear
Poverty grin
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Poanan: 8:48am On Aug 25, 2023
FuckTheMod:
EVIL USA - UNITED SNAKES OF AMERICA HAS FINISHED THE WORLD.

I can't wait for BRICS to turn things around.

A currency back by absolutely NOTHING is said to be almost 1000x more valuable than Nigerian naira.
- The biggest economy in Africa
- SOME FOOLS WILL SAY THE CURRENCY IS WEAK BECAUSE NIGERIA IS NOT PRODUCING ANYTHING AND WEAK IMPORT EVERYTHING. THIS IS ABSOLUTE LIE AND STUPIDITY.

1) Nigeria produce OIL! CRUDE OIL AND IS THE BIGGEST PRODUCER IN AFRICA.
2) NIGERIA EXPORTS LOTS OF THINGS, ESPECIALLY AGRICULTURAL PRODUCTS. GO TO THE PORTS AND SEE TONS OF GOODS THAT GOES OUT OF THIS COUNTRY EVERYDAY.
The agricultural produce is only earned by private individual. It does not come to the centre like oil.
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by ConfidentialDoc: 8:52am On Aug 25, 2023
ufotunang:
...abi. That is why tinubu was running away from pdebates and media interviews... because he knows that he has no idea about governing the country and making the economy to be good
Buhari came to ensure the poor stay poor.
Tinubu has come to erase the middle class.
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by ufuosman(m): 8:52am On Aug 25, 2023
tballeyy:
My Advice for everyone is to buy enough food stuffs for house because we are on our own in Nigeria
We don't have working government again
Dollar will never crash again
Except u want to b decieve by RAGGAE DANCERS
People will like to buy and stock Bt the problem is where is the money to buy and stock
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by ufuosman(m): 8:53am On Aug 25, 2023
BOOKWORMLUX:
What happened to the $2.3 billion dollars loan that was supposed to strengthen the Naira?
Men don share dat one immediately d cash drop
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Zxcvbnmghtr: 8:53am On Aug 25, 2023
Angelfrost:
I am also very glad that Jonathan lost that election and stayed away...

You know why??! If he had won, people like you would have constantly bickered and bellyached about how Nigeria would have become like Europe free from corruption if Buhari and APC had won.

It's amazing how they have managed to "fulfill" all their promises to do far better than PDP ever did since 2015... The 9th wonder of this generation. tongue
When last did you travel to Europe or America? I want us to be very objective here. How much per liter was fuel in U.K in 2015 and today 2023?

Do the same with the U.S which different states have subjective fuel prices.

Thank you.
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by ufuosman(m): 8:54am On Aug 25, 2023
Na wa
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Bluntemperor: 8:56am On Aug 25, 2023
franconian:
No one, no one really.

Corruption is very expensive, we are a very corrupt nation. We're only paying the full price of corruption. We cannot sow corruption and expect to magically reap progress, e nor dey work like that.
Good reasoning from a Patriotic Nigerian👍.
You see what is happening to Mr Trump - he built Corruption,as empire but see how everything is crumbling before him, because of an Effective Laws in Operations in the USA! You can't be greater than the Laws of the Land!
The earlier we ALL know this,the better for our Country- Nigeria!
Imagine,if this is in Nigeria- tribalism, ethnicity agenda, religion biases and greed and avirise would have been the other of the day!
•We are the Products of Our Nation- You can't dribble TRUTH!
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Kukutente23: 8:57am On Aug 25, 2023
But the truth is that as it is now, no indigenous marketer is going to bring in this product any longer because of the rate of the dollar. The petrol being consumed now is from the reserve, but we don’t know what the government’s plan is. I don’t know if there is any ship that is bringing in products now.

Marketers shun importation

“However, what I know is that no marketer wants to go and import petrol again. Everyone is careful right now. That is why people are saying that the government is going to bring back fuel subsidy, particularly with what happened in Kenya recently,” Shuaibu stated.

“We are very devastated with the things that are happening now. A truck of PMS now goes for between N27m to N30m. How can ordinary Nigerians doing business afford that? And at the end of the day, our profit margin still remains the same. So the country is not balanced.
I said it then.
Propagandists like nairalanda1 will tell us then how marketers will make more profit with subsidy removal and start building more refineries and investments.
Well, 3 months after removal of subsidy, marketers are telling you their profit margin is still the same. Are they selling below production cost even with subsidy removal?
None of them even wants to import anymore!!
Lies can only go so far.
In fact, I'm happy subsidy was removed because if not we will still be hearing everyday how subsidy is the reason why Nigeria is not like Dubai.
So least we have all seen with our eyes the truth now.
The only downside is people who are suffering for it and how badly the economy is tanking.
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by shortgun(m): 8:58am On Aug 25, 2023
Where are the market forces grin grin
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by ConfidentialDoc: 8:59am On Aug 25, 2023
AImiron:
It will hit #1000 before the end of the month.
Then let NLC unleash their mother of all strikes.

Hmm...can they?
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Kukutente23: 9:04am On Aug 25, 2023
Zxcvbnmghtr:
When last did you travel to Europe or America? I want us to be very objective here. How much per liter was fuel in U.K in 2015 and today 2023? And note that UK's is even per gallon not per liter.

Do the same with the U.S which different states have subjective fuel prices.

Thank you.
Stop telling lies.

UK fuel price in 2015 was £4 per gallon.
In 2023 it is £6 per gallon.
That’s just £2 increase in 8 years while Nigeria was N97 in 2015 and is now N617 which is N520 increase in same period.

Stop defending failure.

If what is happening in Nigeria happens in western countries, the govt would have ceased to exist.

Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Fatbam005: 9:08am On Aug 25, 2023
Ritchiee:
Obi cannot even govern a state progressively and you want him to govern what is bigger than him.
He was a failure when he was the governor of Anambra.
Anambrans at that time Nicknamed him Bad Omen because of his inefficiency.He did well in a very few areas but, specially,economy was bad and poverty was 50%.
Soludo warned against voting for a calamity like Obi.
He is certainly a gentleman but not cut out for governance.
Tinubu is a goal getter and a proven administrator with a Midas touch.
The start brings some pain but it will be short-lived and Nigerians will be greatly thankful that Tinubu is the president.
The growth will be exponential even before the end of his first term.
Most of you will rush to vote for him except grave bigots.
Dont vouch for any politician. Be warned
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Kukutente23: 9:08am On Aug 25, 2023
masseratti:
While I will keep on saying that the I and D window need to be scrapped.. Nothing like official rates again, this media sensation in naira dollars exchange rates at the black market helps no one abeg.... They should rest.. Also marketers going to the press to say this and that should also rest.. The market has been deregulated. Anyone of them is free to go and buy at any rate and sell. Stop shouting on pages on newspaper if the business is not conducive for you.try another thing. No one she fix the price of fuel anymore as a government or a group.

IF they don't close the official rates Naira will keep on siding further.
Hmm. What will now be the job of CBN?
1 2 3 4 5 6 7 Reply

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