₦airaland Forum

FreeStuffsNG:
Smh. It's obvious that you don't understand this kind of things and you are now mixing ignorance with lies.

NNPCL owns more than 6% of DRL and I will suggest to you to go read what percentage is legally regarded as significant in business. I will not give you and your ilk that education here.

FreeStuffsNG:
Excess petrol is not even in the picture yet because others, including the relatives of Alhaji Dangote, still import.

This is a milestone and I believe that other issues that come up along the way will be resolved in the patriotic interest of Nigeria and business imperative of all the stakeholders.
What we should avoid is a monopoly and scarcity not excess petrol that can be easily exported to even earn more forex.
Remember that NNPCL is a significant part owner of Dangote Refinery. Most of you keep forgetting this fact.

FreeStuffsNG:
NNPCL is technically exchanging its crude it sells in naira to DRL for the refined products. It makes perfect business sense to be the offtaker and marketers will now buy from it at a strategic margin.

FreeStuffsNG:
Excess petrol is not even in the picture yet because others, including the relatives of Alhaji Dangote, still import.

This is a milestone and I believe that other issues that come up along the way will be resolved in the patriotic interest of Nigeria and business imperative of all the stakeholders.
What we should avoid is a monopoly and scarcity not excess petrol that can be easily exported to even earn more forex.
Remember that NNPCL is a significant part owner of Dangote Refinery. Most of you keep forgetting this fact.

FreeStuffsNG:
NNPCL is technically exchanging its crude it sells in naira to DRL for the refined products. It makes perfect business sense to be the offtaker and marketers will now buy from it at a strategic margin.

jaxxy:
The instruction by government was sell to Dangote not swap. NNPCL is looking for how to create secrecy and confusion They are not supposed to be sole off takers in a deregulated market system.

Islie:
https://www.vanguardngr.com/2024/09/we-never-boycotted-dangotes-petrol-but-marketers/

lagosrd:
The petroleum sector doesn't need a middle man or middle system to regulate the industry. Let everyone buy from dangote directly and determine what price he or she will sell.

jaxxy:
The instruction by government was sell to Dangote not swap. NNPCL is looking for how to create secrecy and confusion They are not supposed to be sole off takers in a deregulated market system.

CodeTemplarr:
what happens if another local marketer approaches DRL and buys excess petrol. There will be excess petrol at some point because NNPCL is offering Dangote Refinery Limited 385K BPD of crude oil and we know DRL can process 650K BPD. That effectively points to corruption between the NNPCL and their supervisors in the govt at federal level. In the previous articles, Edwin said something about around a quarter of DRL output satisfying local needs but NNPCL is saying they will be give over half of DRL capacity in exchange for local needs. NNPCL isnt in charge of the borders so should take the blame for smuggling but what is the govt doing about that? Pretending because they are the ultimate beneficiaries and you,FreeStuffNG, are playing along because you're "eating" with them?

CodeTemplarr:
tlThere must be excess. Dangote and Edwin says a quarter(25%) of 650k bpd can cover local needs, NNPCL says they are giving ~60% of 650k bpd to DRL. That leaves a reverse or opposite shortfall of around 30% of 650k bpd.
The discrepancy is obvious to even a competent primary 3 pupil.

FreeStuffsNG:
NNPCL is technically exchanging its crude it sells in naira to DRL for the refined products. It makes perfect business sense to be the offtaker and marketers will now buy from it at a strategic margin.

adabaraabdul:
The arrangement btwn NNPCL and DRL is shrouded in deep secrecy and it is very difficult for one to make informed judgements on what goes on in the energy sector at the moment. It also gives rise to suspicion of under dealing. Let the Government provide ample information to the public already. Atm, nobody knows how much is a liter of Dangote PMS.

lekonso:
As it is now, no marketer will be allowed by the govt to buy directly from Dangote refinery

FreeStuffsNG:
Excess petrol is not even in the picture yet because others, including the relatives of Alhaji Dangote, still import.

This is a milestone and I believe that other issues that come up along the way will be resolved in the patriotic interest of Nigeria and business imperative of all the stakeholders.
What we should avoid is a monopoly and scarcity not excess petrol that can be easily exported to even earn more forex.
Remember that NNPCL is a significant part owner of Dangote Refinery. Most of you keep forgetting this fact.

asala1:
NNPC still pays subsidy on PMS. Only a cra.zy person will buy directly from Dangote when you can buy it at a subsidized rate from NNPC.

HenryWilliams:
6% ownership is significant to you?

FreeStuffsNG:
Excess petrol is not even in the picture yet because others, including the relatives of Alhaji Dangote, still import.

This is a milestone and I believe that other issues that come up along the way will be resolved in the patriotic interest of Nigeria and business imperative of all the stakeholders.
What we should avoid is a monopoly and scarcity not excess petrol that can be easily exported to even earn more forex.
Remember that NNPCL is a significant part owner of Dangote Refinery. Most of you keep forgetting this fact.

CodeTemplarr:
tlThere must be excess. Dangote and Edwin says a quarter(25%) of 650k bpd can cover local needs, NNPCL says they are giving ~60% of 650k bpd to DRL. That leaves a reverse or opposite shortfall of around 30% of 650k bpd.
The discrepancy is obvious to even a competent primary 3 pupil.

asala1:
The truth is that the FG still pays subsidy on PMS.

FreeStuffsNG:
Excess petrol is not even in the picture yet because others, including the relatives of Alhaji Dangote, still import.

This is a milestone and I believe that other issues that come up along the way will be resolved in the patriotic interest of Nigeria and business imperative of all the stakeholders.
What we should avoid is a monopoly and scarcity not excess petrol that can be easily exported to even earn more forex.
Remember that NNPCL is a significant part owner of Dangote Refinery. Most of you keep forgetting this fact.

Flangelo12:
What they mean is that they won't make enough profit.