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Nairaland Forum / Nairaland / General / Politics / Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike (17800 Views)
Marketers Push For Petrol Price Hike Amid Deregulation / N195 Enforcement: Fuel Marketers Plan Shutdown Monday / Lockdown: Fuel Marketers Threaten To Shutdown Over Low Sales (2) (3) (4)
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Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by MichaelSokoto(m): 9:16am On Aug 25, 2023 |
1 Like |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by otokx(m): 9:20am On Aug 25, 2023 |
Every time the independent marketers want to increase petrol price. If price of Crude falls they don't reduce the price of petrol, diesel, etc |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Zxcvbnmghtr: 9:20am On Aug 25, 2023 |
Kukutente23: Why don't you do the conversation to Naira lol? Simple logic. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by TOMMYS: 9:22am On Aug 25, 2023 |
Angelfrost: He no hear when Emilokan say na reduce purchasing power to lead to development. So Dubai reduce purchasing power to get where they are today. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Focusmind: 9:25am On Aug 25, 2023 |
And just yesterday, it was 860 and Aboki asked me to buy. Lots of people are in their homes cashing out on this naira problems. Imagine if one had bought $10000 @860, which is N8600000m and sold at 920 today, which is 9200000m....a cool 600k just made in one day!! |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Kukutente23: 9:26am On Aug 25, 2023 |
Zxcvbnmghtr:That's a daft logic to adopt. Is naira being spent in the UK or does UK sell fuel based on naira? We're talking of UK economy you're talking of naira. A lot of you guys are just plain dumb. Maybe we should convert the Naira price of fuel to pound too. There's nothing too ridiculous for you guys to say |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by AImiron: 9:32am On Aug 25, 2023 |
ConfidentialDoc:I think the strike is a bit late cos ppl don already adjust to this new reality. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Angelfrost(m): 9:36am On Aug 25, 2023 |
Zxcvbnmghtr: Okay... The last time you also traveled to Europe and America, did you see the level of development, Leadership traits, and comportment of their public office holders?!! Have you done the same with the nation and leaders you defend so much??! If you wish to make such analogies across nations, don't pick and choose the ones that barely help your weak arguments... Do it in totality. Thank you too. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Efeovbokhan: 9:39am On Aug 25, 2023 |
Few months of Tinubus government already like many years |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by bigiyaro(m): 9:46am On Aug 25, 2023 |
normally, it's higher demand that brings about higher price, but dem tell us say, the demand for pms fell by 35% cos of subsidy removal but price still dey increase. Everything is upside down in this naija. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Kaycee9242(m): 9:48am On Aug 25, 2023 |
IduNaOba: If you see as this your comment dy sweet me for body, am not from abia but that otti guy dy give me joy. People that voted Tinubu na dem cry pass now |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by iyke2frankeze: 9:59am On Aug 25, 2023 |
After the whole 3 billion dollars loan NNPC borrowed to inject and stabilize the dollar Price? |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Zxcvbnmghtr: 10:00am On Aug 25, 2023 |
Angelfrost: U.K has been going through a lot of turmoil, very evident with the rate at which their PMs have resigned one after the other until this particular one. The U.S is not different. And to be honest there have been tremendous positve development in Nigeria since 2015. Alot! |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Zxcvbnmghtr: 10:03am On Aug 25, 2023 |
Kukutente23: Is Dollars or Pound Sterling being spent in Nigeria? You want to equate the two currency as the same. Try to be reasonable. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by ConfidentialDoc: 10:03am On Aug 25, 2023 |
AImiron: If there's no strike, then they should expect new level of new reality. This creepy administration will make life even worse for Nigerians. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by masseratti: 10:04am On Aug 25, 2023 |
Kukutente23:the Primary responsibility of the CBN is to be the bank of the Government not bureau de change or exchange office... The CBN does not have to do anything with $ exchange rates. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Offpoint1: 10:05am On Aug 25, 2023 |
Zico5:Nigeria refineries will never work because its working will benefit the masses. Crooks in Nigeria government will never let it function because they're benefiting from it. Refinery isn't rocket science that Nigeria can't have a single functional one for over 50 years 1 Like 1 Share |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Kukutente23: 10:07am On Aug 25, 2023 |
masseratti:That's but correct bros The primary job of CBN is to issue and maintain legal tender for the country |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by tishbite42: 10:07am On Aug 25, 2023 |
zinaunreal:Wow You're spot on Chai |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by nedekid: 10:08am On Aug 25, 2023 |
BigBlackPreek:God aren't helping us in this country. When we finally have sense, we will help ourselves. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by nedekid: 10:09am On Aug 25, 2023 |
naijaboy756:Lol |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Kukutente23: 10:09am On Aug 25, 2023 |
Zxcvbnmghtr:You're not even smart at all. You were the one who asked for comparison of fuel price in UK from 2015 till now with that of Nigeria. Now that you see that it doesn't favour your narrative you're delving into which currency is being spent. What does that have to do with price of commodities and inflation in both countries. You're a simpleton and clearly out of your depth. 1 Like |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by tishbite42: 10:10am On Aug 25, 2023 |
Kukutente23:Asin eh Dumbos everywhere |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Nobody: 10:12am On Aug 25, 2023 |
Burruchaga71: |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Angelfrost(m): 10:16am On Aug 25, 2023 |
Zxcvbnmghtr: A lot of "tremendous positive developments", you say??! Pray, list them all with clear and verifiable evidence...! The fact that you guys, since 2015, have had to explain and describe your leadership achievements to citizens who should be the beneficiaries makes me actually believe that propaganda is truly a weak tool that can never stand the test of time. I will patiently await your detailed list of "tremendous positive developments". |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by nedekid: 10:17am On Aug 25, 2023 |
Ritchiee:Can you focus on the fact that naira has depreciated to 920 to $1, and 1 pound ₦1180? Within 2 months 100% devaluation? What has it got to do with some fellows administration of a state 10 years ago? Let's not be distracted by juvenile rants irrelivant to the issues at hand. 1 Like |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by danijesus(m): 10:18am On Aug 25, 2023 |
Ritchiee:who is this one Na |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by ysth(m): 10:27am On Aug 25, 2023 |
Ritchiee:come down to what? What are the logical mechanics the government has put in place to get more foreign currency?. Floating a weak currency like the naira simply means you are playing to demand and supply. When we don't have enough supply of dollars, how then will someone sensible go ahead to float his weak currency? Tinubu might be wise politically, but from him missteps this past month, he is very unwise economically. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Zxcvbnmghtr: 10:41am On Aug 25, 2023 |
Kukutente23: Lol . I still insist that you are being unreasonable. The common factor here is the S.I unit with which is in liters. Let me make it clear to you. If a citizen of the U.K comes to Nigeria and buys fuel at the same price he buys it in the U.K and in pounds Sterling would he have bought it cheaper than if he buys in Naira? Can you go to the U.K and buy fuel with the price you are buying it in Nigeria. |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Kukutente23: 11:00am On Aug 25, 2023 |
Zxcvbnmghtr:Ok.... So why did you ask to make the comparison in the first place? I thought you were trying to show that the UK fuel price has experienced price jump that's comparable with Nigeria's since 2015 |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Jack500: 11:01am On Aug 25, 2023 |
IduNaOba: Just shatap! No only igbos has good and services? Keep fooling yourself |
Re: Naira Crumbles To 920/$, Fuel Marketers Push For Fresh Price Hike by Khyrvxjzy: 11:04am On Aug 25, 2023 |
SalamRushdie: failure Nigerian have the biggest economy in Africa shameeeeee |
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