₦airaland Forum

Zagee:
If everything check-out on the 30th. Serious money!!!

Zagee:
What is all this talk of NNPCL monopoly on buying from DR? What happened to our enlisted right-to-purchase coys?

KarlTom:
If you are referring to the likes of Eterna, MRS, they are Official Domestic Sales Distributors of Dangote Petroleum Refinery Products in Nigeria.

I don't think any coy signed a right-to-purchase agreement with DR...

Zagee:
What is all this talk of NNPCL monopoly on buying from DR? What happened to our enlisted right-to-purchase coys?

MARKETJJC:
Comment made purely from dividend point of view as at now. Dividend bull will push stanbic more than it will do zenith.

Stanbic #56: dividend #2
Zenith #38: dividend #1

That means to get #2 dividend in zenith, you need #72 but with stanbic you need #56

My village man sense

Mpeace:
If them buy direct, who go come subsidise the fuel?
NNPC will buy at 1,200 and sell to Nigerians at 850

Zagee:
"Domestic Sales Distributors" does not include being on the queue?

olig:
This is called "close marking" (in a local English).
Since they failed in frustrating the DR, and the probable end to their free money on importation and the associated "subsidy", they are giving DR "close marking" and they want to keep Nigeria in captivity by force.

I just pity Alhaji Aliko Dangote. He would have built the refinery in another country, if he knew.

Is either the bring in another "entagling support/subsidy" and force DR to comply or that refinery collapse like their own. All the recent drama is for that to happen. They want the price to be as high as anything before DR begins rolling out of PMS. So that they can tell bullaba that they new crude to offset some cost.

I don't see Alhaji Dangote being able to achieve one of his aims (driving down cost; both direct and indirect). He just have to play along; he doesn't have choice. That investment is huge.

Note,
Before you accusing Dangote of monopoly or getting undue advantage from government, just imagine how much you would have been buying cement now, if he didn't open up that sector and if we are still importing. Remember how much PMS, Rice, etc were sold before he started producing cement. That will guide you to know how the price would have been

MARKETJJC:
Comment made purely from dividend point of view as at now. Dividend bull will push stanbic more than it will do zenith.

Stanbic #56: dividend #2
Zenith #38: dividend #1

That means to get #2 dividend in zenith, you need #72 but with stanbic you need #56

My village man sense

ojeysky:
You really believe that to be one of his aim? A business man like Dangote would aim to control pricing like in other sector he is in. Not judging him though he is a businessman

megawealth01:
So subsidy isn't gone after all?

KarlTom:
There are many contractual terms involved in deals like this but let's just leave it like that...

On the issue of 'being on the queue', let me paint a scenario: What IF DR signed similar 'distributorship' agreement with NNPC?

The fact that MRS. ETERNA et al are NOT tagged EXCLUSIVE or SOLE distributor leaves the door wide open

On second thought, I feel the NNPC distributor deal is a clause inserted in the crude-for-naira deal.
Let's wait and see how it relates to subsidy in due course

megawealth01:
So subsidy isn't gone after all?

RodgersAkpafu:
that's why I just left the post on a cliff hanger like that

However I'll like to add that your point about those living abroad feeling the heat of the fvckerry going on in Nigeria is for real

I see how Nigerians here work extra extra and send loads of money to support financially ailing family members in Nigeria

you will see Caucasian earning 9k less than you per annum
but living a better quality of life that most of these diaspora Nigerians go never see

assuming we didn't have to carry that burden
think of how much better our lives will be

KarlTom:
STANBIC IBTC

https://doclib.ngxgroup.com/Financial_NewsDocs/42096_STANBIC_IBTC__HOLDINGS_PLC-CORPORATE_ACTIONS_ANNOUNCEMENT_CORPORATE_ACTIONS_SEPTEMBER_2024.pdf

Mpeace:
According to NNPC, subsidy is gone, but they only sell fuel below the landing cost..
I wonder what that means.

KarlTom:
One thing is certain, after commencement of full operations at DR our FX will improve significantly.

I honestly do not see FG/NNPC satisfying the crude oil needs of DR and he'll have to import more crude to meet demand/full capacity,

That means, at cheaper $-₦, the produce of the refinery will be cheaper ex-depot.

I think the bolded can be achieved on the mid- to long-term...

Picky1:
Did you notice this: An Interim Dividend of 2.00 (One Naira Fifty Kobo) per ordinary share of 50 kobo
Hope this is not confusing because I want my complete div o...

Picky1:
Did you notice this: An Interim Dividend of 2.00 (One Naira Fifty Kobo) per ordinary share of 50 kobo
Hope this is not confusing because I want my complete div o...

Ginalex:
You sure say no be 1.50 dividend? Because it's more likely that the error is on the figures than words

Sunrisepebble:
Its N2.00, check the financials well

GeeKudi:
Can Nigerians really pay #1200+ for PMS per litre?

Naira devaluation made the "subsidy gone" statement a mere wish.

Picky1:
Did you notice this: An Interim Dividend of 2.00 (One Naira Fifty Kobo) per ordinary share of 50 kobo
Hope this is not confusing because I want my complete div o...

megawealth01:
Dangote Refinery To Supply 25M Litres Of Petrol Daily In September - NMDPRA

https://www.thecable.ng/just-in-dangote-refinery-to-supply-25m-litres-of-petrol-in-september-says-nmdpra/amp/

KarlTom:
One thing is certain, after commencement of full operations at DR our FX will improve significantly.

I honestly do not see FG/NNPC satisfying the crude oil needs of DR and he'll have to import more crude to meet demand/full capacity,

That means, at cheaper $-₦, the produce of the refinery will be cheaper ex-depot.

I think the bolded can be achieved on the mid- to long-term...

KarlTom:
One thing is certain, after commencement of full operations at DR our FX will improve significantly.

I honestly do not see FG/NNPC satisfying the crude oil needs of DR and he'll have to import more crude to meet demand/full capacity,

That means, at cheaper $-₦, the produce of the refinery will be cheaper ex-depot.

I think the bolded can be achieved on the mid- to long-term...

Laso09:
I still cannot see how a fully functional dangote refinery will improve our fx significantly.

megawealth01:
The major reason I support Alhaji on this is that we can track productions...

Nnpc should do better being a publicly quoted company than what it is today

olig:
You sure?
With NNPC as the sole buyer/distributor/monopoly?

How I wish we can get rid of NNPC totally in this matter. Let them just wait for the reward of their 7.5% stake