Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans - Business (4)

Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans - Business (4) - Nairaland

Nairaland Forum › Nairaland General › Business › Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans (23015 Views)

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Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by SaLongs1(m): 11:16am On Sep 20, 2023

Obaofaba:
This is serious...

However, let us take a look at it from another angle.

Nigeria is certainly not the poorest country in the world by any metrics you want to use to measure the country's economic woes.

Then again, why is the naira one of the weakest currencies in the world?

There is no way you will tell me that Mauritania's ougiya is more stronger than the naira. No way.

Definitely, Nigeria has more vibrant economy than our francophone neighbors, why is naira weaker than their joint currency?

We certainly produce and export than all of this countries.

Take a look at it from a similar angle again, things are way cheaper here when priced with naira but costlier when priced with the dollars compared to those countries.

Could it be Western dictates to keep us a struggling nation?

The other answer is that we have more economic saboteurs in Nigeria than any country on the planet.

Bunch of unpatriotic wannabes.

I call on the government to deal with them and take back our country from the never do well crooks.

You should beg the nearest person standing next to you to give you a heavy knock in the middle of your head to wake you up from the illusion that it is foreigners who are Naija's problem.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by TheAlchemist: 11:35am On Sep 20, 2023

ShoeWorld1:
Dangote refinery is good because of employment opportunities for Nigerians.
The refinery is not going to change the price of PMS because they're for business not for national charity.

After using the Nations' commonwealth to build his refinery... well the joke is on us.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by OMBIIGA: 11:36am On Sep 20, 2023

Correct!! Crude Oil marketing methodology most often is in the future market to guarantee the security of supply.
The variable nature of refining technology involved a continuous processing hence your crude inventory should be robust to guarantee operation.
Similarly, rig count is tie to continuous crude evacuation.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by TheAlchemist: 11:39am On Sep 20, 2023

ConfidentialDoc:
So we cannot conduct our own God given bonny light to dangote refinery??
So they will rather import ?
If tinubu doesn't stop this, then his complicit.
Japarians keep pushing on... Nigeria is not ready !

Who are those leaving the country, southerners, who will fill the void Northerners, hope you understand the game plan.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by alizma: 11:40am On Sep 20, 2023

coolcharm:
Wonderful.

The more you look, the less you see.

So, Nigeria took a loan against her crude oil, only to share the loan to state governments as palliatives to cussion the effect of subsidy removal.

The state governors now loot the palliatives..

In other words... Dangote is simply telling us that there's no way he is going to sell fuel below the international market rates because he is importing crude oil.

This country Nigeria... Is the Headquarters of lies, deceit, thieves and 419

Where is the lie here, is either you are not informed of the happening in the country or you just want to black list the nation. The oil for loan deal is not a hidden news, Google will help you out.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by Skyehigher1: 11:46am On Sep 20, 2023

Nigeria media are the real problem of this country how can you connect afrixbank loan for mou to dangote refinery... Nigeria already have 20 Share in dangote refinery and also in December portharcout refinery in almost ready so once everything is starting the operation then bua refinery is also coming on stream next year in akwa ibom

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by ufotunang: 11:48am On Sep 20, 2023

Nawaoooo... importing crude oil ..I don tire for this country 🙄

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by TOMMYS: 11:55am On Sep 20, 2023

Menclothing:
He won’t pay for imported crude lolz 😂

Go to opec and collect urs for free Dey play

Ahh. When I say imported crude.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by Nobody: 11:56am On Sep 20, 2023

Obaofaba:
I am not responsible for your generational poverty.

Too bad you think everyone is as poor as you...
Too bad
Come make i find work for you

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by MadamExcellency: 12:03pm On Sep 20, 2023

Obaofaba:
This is serious...

However, let us take a look at it from another angle.

Nigeria is certainly not the poorest country in the world by any metrics you want to use to measure the country's economic woes.

Then again, why is the naira one of the weakest currencies in the world?

There is no way you will tell me that Mauritania's ougiya is more stronger than the naira. No way.

Definitely, Nigeria has more vibrant economy than our francophone neighbors, why is naira weaker than their joint currency?

We certainly produce and export than all of this countries.

Take a look at it from a similar angle again, things are way cheaper here when priced with naira but costlier when priced with the dollars compared to those countries.

Could it be Western dictates to keep us a struggling nation?

The other answer is that we have more economic saboteurs in Nigeria than any country on the planet.

Bunch of unpatriotic wannabes.

I call on the government to deal with them and take back our country from the never do well crooks.

It's a matter of trust.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by ConfidentialDoc: 12:11pm On Sep 20, 2023

TheAlchemist:
Who are those leaving the country, southerners, who will fill the void Northerners, hope you understand the game plan.

Funny but true

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by PrincewithGod(m): 12:14pm On Sep 20, 2023

Whenever I read things like this, I am comforted with the fact that this world is not my home and that I will leave it on day. Even all those who are into all these racket will not stay on earth forever to enjoy their loot. We will all appear one day before our creator to give account of all that we did on earth.
Let them go ahead with all these looting and then confusing the people with grammar and financial jargon, JUDGEMENT DAY IS COMING!

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by TOMMYS: 12:22pm On Sep 20, 2023

Skyehigher1:
Nigeria media are the real problem of this country how can you connect afrixbank loan for mou to dangote refinery... Nigeria already have 20 Share in dangote refinery and also in December portharcout refinery in almost ready so once everything is starting the operation then bua refinery is also coming on stream next year in akwa ibom

You go there see say the refinery don ready?.

Abeggi.

Dangote refinery that they said is ready that you can see pictures. Is it ready?.

Show me a picture of the port Harcourt refinery showing work in progress.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by Deefirm: 12:36pm On Sep 20, 2023

It can't be analyzed any better than this.....hahaha, what a cheap way to push this madness to the public.

coolcharm:
Wonderful.

The more you look, the less you see.

So, Nigeria took a loan against her crude oil, only to share the loan to state governments as palliatives to cussion the effect of subsidy removal.

The state governors now loot the palliatives..

In other words... Dangote is simply telling us that there's no way he is going to sell fuel below the international market rates because he is importing crude oil.

This country Nigeria... Is the Headquarters of lies, deceit, thieves and 419

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by Enaibe01(m): 12:38pm On Sep 20, 2023

When you hear the word "IT IS FINISHED"

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by Growing(m): 12:40pm On Sep 20, 2023

There are many things wrong with what is happening in the petroleum industry but please, Dangote refinery should succeed. That is the only good news I have heard for a while on an economic level.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by Winneygirl(f): 12:42pm On Sep 20, 2023

Now Dangote will import crude oil to refine huh

What am I reading?
The goal has been to reduce pressure on FX. Buy locally in naira, refine locally and sell refined products both locally and internationally.

If we import fuel, we spend in USD. If Dangote imports crude, they buy in USD.
So how will the cost of the product go down?

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by Tompson88: 12:54pm On Sep 20, 2023*

Same question I asked yesterday,I thought Nigeria has crude oil why is Dangote buying from foreign land again?

Yankee101:
It’s in nigeria you’ll see the most unthinkable things

Crude is lifted from Rivers but fuel is bought from abroad
Power is generated in Niger but generators power their offices
Wheat is produced in Kano but bread in the market is from Ukrainian wheat
Dangote has refinery here but is buying crude from abroad

Naija don suffer sha

1 Like

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by freemi(m): 5:09pm On Sep 20, 2023

Obaofaba:
Mauritania is different from Mauritius.

Two different countries.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by 9gerian: 6:09pm On Sep 20, 2023

This looks like a huge scandal no matter how it is explained.

Doesn’t look good at all.

Prenonjebose:
https://punchng.com/dangote-refinery-imports-crude-as-nnpcl-swaps-oil-for-loans/?amp

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by Richiez(m): 6:50pm On Sep 20, 2023

Junk journalism. The writers have little knowledge about how crude oil trade is done.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by tete7000(m): 7:41pm On Sep 20, 2023

coolcharm:
Wonderful.

The more you look, the less you see.

So, Nigeria took a loan against her crude oil, only to share the loan to state governments as palliatives to cussion the effect of subsidy removal.

The state governors now loot the palliatives..

In other words... Dangote is simply telling us that there's no way he is going to sell fuel below the international market rates because he is importing crude oil.

This country Nigeria... Is the Headquarters of lies, deceit, thieves and 419

Even if Dangote buys from Nigeria, it will still be at international price, the only thing is that freight will not be included. The oil from Nigerian oil fields are produced by joint ventures with multinationals. The multinationals produce and sell and remit Nigeria's share to its government, they won't be part of subsidy to Dangote at detriment to their business.

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by Chuknovski(m): 10:13pm On Sep 20, 2023

coolcharm:
Wonderful.

The more you look, the less you see.

So, Nigeria took a loan against her crude oil, only to share the loan to state governments as palliatives to cussion the effect of subsidy removal.

The state governors now loot the palliatives..

In other words... Dangote is simply telling us that there's no way he is going to sell fuel below the international market rates because he is importing crude oil.

This country Nigeria... Is the Headquarters of lies, deceit, thieves and 419

Shhhhh, no shout so that apc and agbadorians no go vex, please let them keep sleeping, they are too dumb to read between the lines,

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by denzel231: 10:21pm On Sep 20, 2023

ShoeWorld1:
Dangote refinery is good because of employment opportunities for Nigerians.
The refinery is not going to change the price of PMS because they're for business not for national charity.

he employed 98% indians

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by NIGERDELTAIDOL: 11:24pm On Sep 20, 2023

Import
Finally their yansh don open

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by BlackAdam65: 5:42pm On Sep 21, 2023

Obaofaba:
This is serious...

However, let us take a look at it from another angle.

Nigeria is certainly not the poorest country in the world by any metrics you want to use to measure the country's economic woes.

Then again, why is the naira one of the weakest currencies in the world?

There is no way you will tell me that Mauritania's ougiya is more stronger than the naira. No way.

Definitely, Nigeria has more vibrant economy than our francophone neighbors, why is naira weaker than their joint currency?

We certainly produce and export than all of this countries.

Take a look at it from a similar angle again, things are way cheaper here when priced with naira but costlier when priced with the dollars compared to those countries.

Could it be Western dictates to keep us a struggling nation?

The other answer is that we have more economic saboteurs in Nigeria than any country on the planet.

Bunch of unpatriotic wannabes.

I call on the government to deal with them and take back our country from the never do well crooks.

what your saying does not relate to the topic your just telling us what we already know

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by bizzibodi(m): 9:26pm On Sep 21, 2023

I hope this oil refinery by dagwote is well thoughtout why did he need get an oil mining licence first to exploit his own crude oil?

Re: Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans by berry5: 12:43am On Oct 01, 2024

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