₦airaland Forum

fuckJones:
The summary of the report: Buy in NAIRA and Sell in NAIRA For all Crude Oil Products and Crude Oil! What a significant change in Nigeria Oli sector! First of its kind since history can remember! Thanks to President Tinubu leadership and ability to take hard fearless decisions!

To think that 69 people and you are thanking Tinubu for this is why for nigeria to be better it will be hard ! Effing hypocrites

Klington:


Tulumbu is a disaster.

There is no time you are happy, Emeka. It is always about bitterness and envy. You better book for hotel in the south west if you are not so poor, so you can attend at least 30 owanbe events to shake off your sadness syndrome before you return back to ekpa's enclave of sad east

daragrams:
N766 from Dangote

To sell at what price. Hope they would say "cost of landing" and "market forces" are involved.

maiunguwar:
That Lekki road go collapse very soon

🤣🤣🤣🤣

chipet67:
Buy in Naira and Sell in Naira will be a significant change.
I only wish the price will drop back to N180/litre

Then you must be a dreamer.....

Even if Nigeria refineries are working . With the current situations. Not possible......

Una dey crase for all these nonsense news

uncleck:
The singular fact that NNPC is the sole distributor of Dangote petrol means that the masses will have zero benefit from the magnificent refinery. NNPC could buy at N10 and decide to sell at N100. They can still cause artificial scarcity at will and hike the price as usual. It is a very worrisome situation that a national corporation has become a distributor for a private firm whereas it cannot maintain the refineries under its watch.

Having refinery of this magnitude in the country, everything about distribution of petroleum products should be completely deregulated. Let the forces demand and supply determine price and supply...

No give yourself hypertension because of hatred

Audio lifting.

fuckJones:
The summary of the report: Buy in NAIRA and Sell in NAIRA For all Crude Oil Products and Crude Oil! What a significant change in Nigeria Oli sector! First of its kind since history can remember! Thanks to President Tinubu leadership and ability to take hard fearless decisions!

no be by that the koko na how much we go later buy am per liters.

uncleck:
The singular fact that NNPC is the sole distributor of Dangote petrol means that the masses will have zero benefit from the magnificent refinery. NNPC could buy at N10 and decide to sell at N100. They can still cause artificial scarcity at will and hike the price as usual. It is a very worrisome situation that a national corporation has become a distributor for a private firm whereas it cannot maintain the refineries under its watch.

Having refinery of this magnitude in the country, everything about distribution of petroleum products should be completely deregulated. Let the forces demand and supply determine price and supply...

Ignoramuses like yourself are the problem of this country.

Snowx:
Lol..ok naa..so why APC supporters are commending what can never bring any changes?

Cos they love to believe in tinubus lies even when they know it's lies

etrouble:
No give yourself hypertension because of hatred

Can you identify the hatred in what he said?

uncleck:
The singular fact that NNPC is the sole distributor of Dangote petrol means that the masses will have zero benefit from the magnificent refinery. NNPC could buy at N10 and decide to sell at N100. They can still cause artificial scarcity at will and hike the price as usual. It is a very worrisome situation that a national corporation has become a distributor for a private firm whereas it cannot maintain the refineries under its watch.

Having refinery of this magnitude in the country, everything about distribution of petroleum products should be completely deregulated. Let the forces demand and supply determine price and supply...

Truth is that if only NNPC doesn’t buy, prices will be more than 1000 naira.
I suspect that the price is currently being subsidized

Lithiumite:
You only ended up contradicting yourself.

my post is based on my understanding and you may not be able to comprehend.

Lanretoye:
I tot you called your self enterpriseMan,so they will just cover the crude oil in a container and it will turn to petrol,there are no other costs of input that will determine price,there is no oil regulatory body like OPEC that determines prices too,you need someone to tell you that even when petrol was sold for 180,cost of subsidy made it possible,when dollar is 1600 one liter of peteol will remain the same as when dollar was 800 or you think only crude oil is all that is required to produce petrol.dont let poor governance flush away our reasoning abeg.

Finally caught you in 4K. Oga you're clueless.
I know the process of refining crude oil from scratch to all the by product like fuel, kerosene etc. You just wrote a whole essay without answering the question.
There is nothing in the refining process that requires dollars to operate.
The crude oil is mined in Nigeria and refined in Nigeria so where does the dollars come into play?
It's Cost exactly N3.9b to ship a 10000 metric ton tank of petrol from Malta to Nigeria which would be eliminated with our local refinery.
The only reason dollar comes into play now is because we buy said fuel from foreign refinery and ship with dollars and the price is set to cover for that. Now with the dangote refinery anyway that mentions dollars is just a dumb fool.

You cannot give a simple answer to a question, you're giving vague responses to show you have no idea what you're talking about.
Is it salaries of the oil workers you want to talk about? Or what exactly.

They're three types of people, the gullible ones you can just make rubbish up to and they would believe, the enlightening ones that knows when someone is spilling rubbish and the ones who knows when someone is spilling rubbish and still chooses to blindly follow them.

fuckJones:
The summary of the report: Buy in NAIRA and Sell in NAIRA For all Crude Oil Products and Crude Oil! What a significant change in Nigeria Oli sector! First of its kind since history can remember! Thanks to President Tinubu leadership and ability to take hard fearless decisions!

Ok but why is NNPC the only one who can get PMS directly from Dangote?

Emeskhalifa:
Ok but why is NNPC the only one who can get PMS directly from Dangote?

because nnpc is going to subsidized the product to Nigerians

fuckJones:
because nnpc is going to subsidized the product to Nigerians

But didn't FG say subsidy is gone?

sparko1:
Buying and selling of crude is governed by the international market, the only difference is we pay in Naira now instead of dollar, the price doesn't reduce.

There is no exchange rate involved.
It's like buying and selling locally.
Dangote should be transparent and tell us how much it cost him to refine a barrel of crude.
I'm just tired of all these shenanigans.

How can international market determine what we already have here and it's also refined here ?

EnterpriseMan:
Finally caught you in 4K. Oga you're clueless.
I know the process of refining crude oil from scratch to all the by product like fuel, kerosene etc. You just wrote a whole essay without answering the question.
There is nothing in the refining process that requires dollars to operate.
The crude oil is mined in Nigeria and refined in Nigeria so where does the dollars come into play?
It's Cost exactly N3.9b to ship a 10000 metric ton tank of petrol from Malta to Nigeria which would be eliminated with our local refinery.
The only reason dollar comes into play now is because we buy said fuel from foreign refinery and ship with dollars and the price is set to cover for that. Now with the dangote refinery anyway that mentions dollars is just a dumb fool.

You cannot give a simple answer to a question, you're giving vague responses to show you have no idea what you're talking about.
Is it salaries of the oil workers you want to talk about? Or what exactly.

They're three types of people, the gullible ones you can just make rubbish up to and they would believe, the enlightening ones that knows when someone is spilling rubbish and the ones who knows when someone is spilling rubbish and still chooses to blindly follow them.

just do a little research with your 100mb and stop being lame.so it is only crude oil is the material used in producing petrol?,you even mentioned salaries and makes you sound more lame as if he doesn’t have expatriates that are paid in foreign currencies.pls just rest

Bentacur007:
At what price
They are not explaining everything to us
NNPC,DANGOTE AND FG DEY USE OUR BRAIN
🧠

Go and build your own refinery

maiunguwar:
That Lekki road go collapse very soon

Dem no de use that one. They get in through Ijebu Ode. Lekki is congested already - gridlock is rife.

fareed69:
Go and build your own refinery

See how you Dey talk foolishly
Can they allow us to build??
You are senseless

They will frustrate you

Lanretoye:
just do a little research with your 100mb and stop being lame.so it is only crude oil is the material used in producing petrol?,you even mentioned salaries and makes you sound more lame as if he doesn’t have expatriates that are paid in foreign currencies.pls just rest

Oga you're clueless. List the materials used here and stop saying do research.
And I use unlimited starlink, not 100mb.
Very easy to spot brainless people here, always talking but when told to give explanation they have nothing to say.
I don't need to do research, I know every material used to the last alloy. and they're all gotten locally. It is so easy to do to the point you can refine petrol in your backyard if you wanted to.
Get sense and stop embarrassing yourself online

EnterpriseMan:
Oga you're clueless. List the materials used here and stop saying do research.
And I use unlimited starlink, not 100mb.
Very easy to spot brainless people here, always talking but when told to give explanation they have nothing to say.
I don't need to do research, I know every material used to the last alloy. and they're all gotten locally. It is so easy to do to the point you can refine petrol in your backyard if you wanted to.
Get sense and stop embarrassing yourself online

that’s why the refinery in your backyard is producing petrol for the whole of your village,enterprise man my foot…everything needed to refine crude oil is local,so lame that even the expatriates too were produced locally.

Lanretoye:
that’s why the refinery in your backyard is producing petrol for the whole of your village,enterprise man my foot…everything needed to refine crude oil is local,so lame that even the expatriates too were produced locally.

Expatriates? What the f are you even talking about Dangote is a private refinery, if he doesn’t trust the people in his country and goes out to employ foreigners whose fking fault is that? Every resources he needs are here, they're so many unemployed and jobless people in lagos .
You have nothing to say. Dangote is simply Charging whatever he wants so he can recoup the money he spent on building the refinery in the shortest possible term, there is so resources or outside factor that relies on dollars.
He's a business man and simply only after his pocket like he has always been, there's nothing else to it.

You live in a country like Nigeria and still making statements like someone without braincells. NNPCL will bring one story today and Dangote will say something else tomorrow.
NNPCL claims they sold crude to Dangote in Naira, and Dangote claims he bought he dollars, your so called savior Tinubu ordered NNPCL to sell in Naira and everyone is doing whatever they like. And someone is still opening his mouth to say the price is dependent on external factors.
The price is dependent on much profit they can squeeze out of every Nigerian.

EnterpriseMan:
Expatriates? What the f are you even talking about Dangote is a private refinery, if he doesn’t trust the people in his country and goes out to employ foreigners whose fking fault is that? Every resources he needs are here, they're so many unemployed and jobless people in lagos .
You have nothing to say. Dangote is simply Charging whatever he wants so he can recoup the money he spent on building the refinery in the shortest possible term, there is so resources or outside factor that relies on dollars.
He's a business man and simply only after his pocket like he has always been, there's nothing else to it.

You live in a country like Nigeria and still making statements like someone without braincells. NNPCL will bring one story today and Dangote will say something else tomorrow.
NNPCL claims they sold crude to Dangote in Naira, and Dangote claims he bought he dollars, your so called savior Tinubu ordered NNPCL to sell in Naira and everyone is doing whatever they like. And someone is still opening his mouth to say the price is dependent on external factors.
The price is dependent on much profit they can squeeze out of every Nigerian.

I see who I’m arguing with now,pls what’s the name of your enterprise l,I need to confirm something.

Lanretoye:
I see who I’m arguing with now,pls what’s the name of your enterprise l,I need to confirm something.

Do "Research" and find it out Don't you love research?

Bentacur007:
See how you Dey talk foolishly
Can they allow us to build??
You are senseless

They will frustrate you

Give it a trial.
Stop ranting.

fareed69:
Give it a trial.
Stop ranting.

Other big men never try na me go try am

Be honest to yourself

Nigeria is useless