₦airaland Forum

GboyegaD:
Not sure I understood the message. Dangote refinery will supply petrol and diesel of the equivalent in Naira. The other by products, will those ones be supplied/sold in USD? I am still not sure why the government is trying to be so involved in Dangote refinery. It will stifle competition with the modular refineries coming up.

The modular refineries that started operations 4 or 5 years before Dangote refinery is still coming up? Are you dreaming?

tnerro1:
Nice , so if prices reduce, wat will happen to those who have converted to CNG😁

Prices reduce ke? CBN is printing trillions of naira to pay the new minimum wage and petrol is hitting N2,000 with heavy subsidy after removal.

commoditiesnig:
Very good move. Will surely reduce demand on USD and add more value to the Naira

How does trading crude in naira reduces the demand for dollars when Nigerians depends on foreign products and CBN prints trillions of naira per day?

klawaaa:
Great one... Our dependency on foriegn currencies is dimishing. Now, would need neigbouring africa countries to purchase the refined oil with dollar. That would boost our foreign reserves.

Neighbouring countries that are planning to sell excess electricity to Nigeria will now leave electric cars to buy Nigerian petrol, can you stop dreaming for once and face reality.

Howfa?

Gboss247:
The modular refineries that started operations 4 or 5 years before Dangote refinery is still coming up? Are you dreaming?

So because they were in business before a competitor means they can compete fairly in an unfair environment?