Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil - Politics (3)

Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil (14368 Views)

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Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by Gbogboski: 4:03pm On Nov 19, 2024

Olamideayomide:
Another better news?

Upon all the naira to naira crude oil deal we didn't see any depreciation in price of petrol in the country.
E koshi daanu jaree

The naira to crude deal is for 350k barrels.Dangote refining capacity is 650k barrels hence the loan to ramp up production

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by asala1: 4:11pm On Nov 19, 2024

MadamExcellency:
I don't need your sympathy. It's my industry. I am a director in the oil and gas industry.

You just confirmed my comment. Very narrow minded and simple thinking people.

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by alpharoyalty: 4:14pm On Nov 19, 2024

This man single handedly brought collapse of the naira to dollar.
Cbn should not sell a single dollar to him at discounted rate.
He should buy at the official rate or black market rate just like every Nigerian.

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by DollarLanda: 4:17pm On Nov 19, 2024

Shadomaan7:
The Dangote refinery story don dey bore ~~some people~~ us.

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by kgr8mike(m): 4:32pm On Nov 19, 2024

Shadomaan7:
The Dangote refinery story don dey bore some people.

Na only Dangote waka come for this Nigeria?

I think it's becoming too much.

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by gbengene1234(m): 4:32pm On Nov 19, 2024

Someone should please educate us on how this can strengthen the Naira. shocked

Nigeria is just a joke on TV series..
There is definitely no light at the end of the tunnel with all of this craps... Our fathers were actually right to cater for thier tribesmen interest.

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by vRendoh(m): 4:47pm On Nov 19, 2024

Where yansh dey na there e remain. Nigeria problems big pass nigeria. Dangote reifery no fit change the dance.

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by Opebiman: 5:01pm On Nov 19, 2024

It is well..

https://www.youtube.com/watch?v=WLQkpwGH5co

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by Alliswell248: 5:07pm On Nov 19, 2024

Kukutente23:

What happened to the naira for crude deal
Chai APC!! What those people cannot destroy does not exist
They somehow managed to bring a $20bn refinery down to its knees
What are we even saying. People that were handed over a $500bn+ economy and they ruined it to less than $300bn in 9 years
Even prodigal son dey learn where dem dey

Try and read small.
The govt cannot give him more than 350k for now. His refinery has 650k capacity.
Stop displaying this behavior

1 Like

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by frog12: 5:13pm On Nov 19, 2024

don't expect petrol prices to come down

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by Kukutente23: 5:18pm On Nov 19, 2024

Alliswell248:
Try and read small.
The govt cannot give him more than 350k for now. His refinery has 650k capacity.
Stop displaying this behavior

Where did you see that in the Op. Just highlight it for me pls

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by Basicend: 5:31pm On Nov 19, 2024

With all the help that Dangote has gotten from Nigeria via successive govts, he became the richest in Africa thru this means.

How much has he given back to Nigerians?

I really don't care about news coming from his company any longer.

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by Ayomideloni: 5:35pm On Nov 19, 2024

Nigeria’s crude oil production is 1.4 million barrels per day
Dangote’s refinery is 650k capacity
FG can only offer him 350k per day.
Just think about this for a second and so many questions pop out…why will you have the capacity to make the life of people easy but just ignore the opportunity.
There’s is a win win situation for everyone if we can all be considerate. yes Dangote is in it for profit and that is understandable but the FG also needs to meet him halfway so we can all move forward in the right directions

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by Blazetrailer: 5:41pm On Nov 19, 2024

Lol ..did you read the whole news?

alpharoyalty:
This man single handedly brought collapse of the naira to dollar.
Cbn should not sell a single dollar to him at discounted rate.
He should buy at the official rate or black market rate just like every Nigerian.

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by integrity16(m): 5:57pm On Nov 19, 2024

MadamExcellency:
CBN should not give Dangote even $1. He should go to the black market like every one of us is doing.

His refinery will survive whether you like or not, and he would be better for it. But you on the other hand, what would become of you?

If they refuse to support him with forex, would the forex come to you? It would still end up in private pockets of the worst of us ruling the best of us in this country.

So I ask you, what have you gained?

1 Like

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by miky(m): 6:20pm On Nov 19, 2024

I am one of the investors! 80% of dangote investors are foreigners, they are coming with dollars slowpoke

MadamExcellency:
CBN should not give Dangote even $1. He should go to the black market like every one of us is doing.

1 Like

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by engrchykae(m): 6:55pm On Nov 19, 2024

Cocolatti:
seriously

I thought we have crude oil?
Don't we have crude oil again?

Re: Dangote Refinery Seeks Billions Of Dollars To Import Crude Oil by coleon(m): 7:01pm On Nov 19, 2024

MadamExcellency:
CBN should not give Dangote even $1. He should go to the black market like every one of us is doing.

A lot of you are just dense in this country and 43 people like your comment hence why we have someone like Tinubu as president. Whether Dangote source for FX from CBN or black market, he's a whale in the fx business.
If Dangote should source for FX worth billions of dollars to import crude from the black market ,what do you think will happen to the exchange rate the next day? 5000 naira to a dollar will be a joke soon just watch and see.
A lot of people had hopes that once dangote refinery start producing the pressure on fx demands will get lower in this country and exchange rate should drop but the reverse has been the case since he started. The importers of refined products are still importing pms while the refiner too in the name of Dangote is also importing crude oil due to lack of adequate governance and structure in this country. No wonder the dollar rate is already close to 2000 as we speak while ignorant zombies lead the useless government on.
Nigeria is doomed as much as I hate to say i