₦airaland Forum

Nazgul:
Lol...i posted the price in one of my replies 8its 42 cents. While the price for a barrel is between $62-$64 depending on the type of crude.

Need I remind you that the lower the price of crude oil, the lower should be the price of petroleum products. So if a barrel of crude is about $64 not $100 (or above) as it used to be a couple of years ago, why does fuel keep rise?

Tutor me I'm all ears.

Let take it one step at a time.

Now that you have done your calculations and estimates. You have refused to do the final one.

Please convert 42cent to naira and report back here.

olaolaking:
Let take it one step at a time.

Now that you have done your calculations and estimates. You have refused to do the final one.

Please convert 42cent to naira and report back here.

You're just going around in circles. If you took your time to read through my replies to you, you'd have discovered that I've posted the conversion.

I'm done replying you cos it's obvious that you have nothing to say.

[quote author=DrMB post=135655561][/quote]Rice is between 57k to 67k

Stop lying

Nazgul:
You're just going around in circles. If you took your time to read through my replies to you, you'd have discovered that I've posted the conversion.

I'm done replying you cos it's obvious that you have nothing to say.

Sorry oga no vex. But this is how you end up misleading yourself and a lot of people.

How on earth can 42 cent be 194 abí how much you call am sef?


To convert $0.42 (42 cents) to Nigerian Naira (₦):

Step-by-step:

Exchange rate: $1 ≈ ₦1,620 (black market rate as of June 7, 2025)


Conversion:

0.42 \times 1,620 = ₦680.40


Final Answer:

$0.42 = ₦680.40

If you think this conversion is wrong may be I won't be able to help

olaolaking:
Sorry oga no vex. But this is how you end up misleading yourself and a lot of people.

How on earth can 42 cent be 194 abí how much you call am sef?


To convert $0.42 (42 cents) to Nigerian Naira (₦):

Step-by-step:

Exchange rate: $1 ≈ ₦1,620 (black market rate as of June 7, 2025)


Conversion:

0.42 \times 1,620 = ₦680.40


Final Answer:

$0.42 = ₦680.40

If you think this conversion is wrong may be I won't be able to help

Lol...you're the one misleading people by using mathematics to do exchange rate. This your reply shows that you know nothing about how the Nigerian exchange rate system works.

Let me enlighten you on it, are you aware that someone with $100 single note and someone with $20 in 5 places wouldn't get the same exchange rate despite both of them being $100?

Also someone with 100 pieces of $1 and 5 pieces of $20 wouldn't get the same exchange rate despite both of them being $100?

Are you also aware that Dangote doesn't use the same exchange rate you use? The rate CBN uses to sell dollar to him is totally different from the official rate. So the black market rate you quoted is a far cry from what he's given.

Also the high dollar rates which is one of the major causes of high fuel prices, was caused by Tinubu's visionless policies.

So I don't know what you're defending. The oil cabals are raking in billions of naira daily, you that is sitting in your home without any connection to any of these people whatsoever is defending them. Affordable fuel which is the only thing you can actually benefit from the government is what you're kicking against and defending people getting fat from looting you dry.

You my friend have a serious problem.

yinkus6750:
It's now obvious this statistics has no sense. Price of foreign rice has drastically dropped within the past few weeks. Currently sold at 58-60,000 in Ogun State. The rate was even a slight increase which is attributed to Sallah celebration.

Please reduce your lies naw..... Or are you living in idiroko?

Ikaeniyan0:
Rubbish post.



There's no state in Nigeria where imported rice is selling for 122k. You can presently get a 50kg bag of rice for 60k in Lagos.

Could you please come to delta state?
Stop saying what you don't know

Kaybaba5:
Could you please come to delta state?
Stop saying what you don't know

where in Delta state is a bag of rice selling for 122k?

Nazgul:
Lol...you're the one misleading people by using mathematics to do exchange rate. This your reply shows that you know nothing about how the Nigerian exchange rate system works.

Let me enlighten you on it, are you aware that someone with $100 single note and someone with $20 in 5 places wouldn't get the same exchange rate despite both of them being $100?

Also someone with 100 pieces of $1 and 5 pieces of $20 wouldn't get the same exchange rate despite both of them being $100?

Are you also aware that Dangote doesn't use the same exchange rate you use? The rate CBN uses to sell dollar to him is totally different from the official rate. So the black market rate you quoted is a far cry from what he's given.

Also the high dollar rates which is one of the major causes of high fuel prices, was caused by Tinubu's visionless policies.

So I don't know what you're defending. The oil cabals are raking in billions of naira daily, you that is sitting in your home without any connection to any of these people whatsoever is defending them. Affordable fuel which is the only thing you can actually benefit from the government is what you're kicking against and defending people getting fat from looting you dry.

You my friend have a serious problem.

Please explain how you get your own conversion. After that you must provide a verifiable tools that convert or support the way you converted.

You won't learn bro.

It doesn't make sense to be arguing blindly. Ask others, use Google to do the conversion instead of your poor arithmetic reasoning.

Official rate for dollar is still around 1600 naira. So what's is your point.

I think you also say 158 liters of crude oil will produce how many litters of refined oil.

I hope I am not wasting my time by engaging you?

Rice na 46k here in kishi Oyo State

olaolaking:
Please explain how you get your own conversion. After that you must provide a verifiable tools that convert or support the way you converted.

You won't learn bro.

Have you ever changed dollar using a mallam who operates a bureau de change outlet? If no, I have nothing more to say on this matter. Cos sitting in your house and typing what you see on Google is totally different from people's experiences in real life.

olaolaking:
It doesn't make sense to be arguing blindly. Ask others, use Google to do the conversion instead of your poor arithmetic reasoning.

No you're the one arguing blindly. Cos you're using Google rather than real life experiences.

Just walk into any mallam with a single $100 and 5 pieces of $20. If you're given 161k for the single $100, you'll be given 140+k for the 5 pieces of $20 which is also $100. Google wouldn't tell you that, it's only when you've experienced it personally that you'll understand what I'm saying. So your logic about the official rate is totally flawed. Cos rates fluctuate and like I said, Google wouldn't tell you that.

olaolaking:
Official rate for dollar is still around 1600 naira. So what's is your point.

My point is that Dangote who is the center of this discussion cos of the high fuel prices buys dollar from CBN at a rate which is lower than the official rate. So your calculations about the value of 42 cents in Naira is also flawed as well. Cos you're using the black market rate to defend someone who buys lower than that.

olaolaking:
I think you also say 158 liters of crude oil will produce how many litters of refined oil.

I hope I am not wasting my time by engaging you?

I said a standard barrel of crude oil (159 liters) yields about 170 liters of refined products. I knew this from a marketer who used to supply fuel from a tank farm to one of the AP (now Forte oil) stations in Lagos years back.

If you have no experience about something, stop arguing blindly.

Nazgul:
Have you ever changed dollar using a mallam who operates a bureau de change outlet? If no, I have nothing more to say on this matter. Cos sitting in your house and typing what you see on Google is totally different from people's experiences in real life.

No you're the one arguing blindly. Cos you're using Google rather than real life experiences.

Just walk into any mallam with a single $100 and 5 pieces of $20. If you're given 161k for the single $100, you'll be given 140+k for the 5 pieces of $20 which is also $100. Google wouldn't tell you that, it's only when you've experienced it personally that you'll understand what I'm saying. So your logic about the official rate is totally flawed. Cos rates fluctuate and like I said, Google wouldn't tell you that.

My point is that Dangote who is the center of this discussion cos of the high fuel prices buys dollar from CBN at a rate which is lower than the official rate. So your calculations about the value of 42 cents in Naira is also flawed as well. Cos you're using the black market rate to defend someone who buys lower than that.


I said a standard barrel of crude oil (159 liters) yields about 170 liters of refined products. I knew this from a marketer who used to supply fuel from a tank farm to one of the AP (now Forte oil) stations in Lagos years back.

If you have no experience about something, stop arguing blindly.

You lie so much. I may end up opening a thread with the images of your argument attached. At least others can help us with the conversion. Please be humble for once especially when necessary.

You can lie bro. 159 litters will produce 170 litters? You lie too much.

Who knows if you're one of those 20 year old boy

olaolaking:
You lie so much. I may end up opening a thread with the images of your argument attached. At least others can help us with the conversion. Please be humble for once especially when necessary.

You can lie bro. 159 litters will produce 170 litters? You lie too much.

Who knows if you're one of those 20 year old boy

What conversion do you need when you've never seen a dollar bill in your entire life. I gave you a simple assignment to carry out at any bureau de change outlet closest to you and get real time results you're here talking about conversation. You must really be a talkative in real life.

Since we've resorted to using Google let me expose your ignorance here.

And for the records you're the one who's sounding like a 20 year old boy. You're ignorant of real life happenings around you but keep arguing blindly.

Atarakpa:
no nah oga where in Lagos. I bought 66k last week in ikeja

At abule egba

Nazgul:
What conversion do you need when you've never seen a dollar bill in your entire life. I gave you a simple assignment to carry out at any bureau de change outlet closest to you and get real time results you're here talking about conversation. You must really be a talkative in real life.

Since we've resorted to using Google let me expose your ignorance here.

And for the records you're the one who's sounding like a 20 year old boy. You're ignorant of real life happenings around you but keep arguing blindly.

This is not true. There 3 classes of crude oil. They class them based on yield. The best one can get in a litter of crude oil is about 50% pms. While about 40% will go to byproducts. Close to 10% is lost to evaporation and others.

https://www.nairaland.com/7711649/how-many-liters-one-barrel.

Now go back and ask AI again because your AI is not saying the truth

I will open a thread so that you can teach nairalanders how to convert since you have a different ways of doing the conversion

kelmicheal:
At abule egba

by ilepo market or where exactly

stealmatic:
Go school u no go,u say school na scam,imagine ur write up,u can not even reason properly bcus if ur hatred for the president,since subsidy removal everything changed infact as we speak now Nigeria has one of the cheapest fuel in Africa,the exchange rate rate has also been affected cus of Inflation, insha Allah the prices will come down and almighty Allah give the president the wisdom to rule the nation and also the patience to manage ur likes

you can have phd and lack common sense or better still an idiot, let me ask you 2 questions, what is the minimum wage of those nations your fuel is cheaper than theirs, number 2, re those nations oil production nations, check how much is price of fuel in Libya and how much is there minimum wage, what has he used the subsidy money for , has he stopped borrowing , what has improved, security, economy, cost of living , infrastructure? It’s unfortunate I share space with elements like you. because common sense is not common.

No mind him, he no know say people wey dey nairaland know wetin dey sup for market.

Ikaeniyan0:
Rubbish post.



There's no state in Nigeria where imported rice is selling for 122k. You can presently get a 50kg bag of rice for 60k in Lagos.

olaolaking:
This is not true. There 3 classes of crude oil. They class them based on yield. The best one can get in a litter of crude oil is about 50% pms. While about 40% will go to byproducts. Close to 10% is lost to evaporation and others.

https://www.nairaland.com/7711649/how-many-liters-one-barrel.

Now go back and ask AI again because your AI is not saying the truth

I will open a thread so that you can teach nairalanders how to convert since you have a different ways of doing the conversion

Lol...you're a case. You went to Google, ignored all the correct measurements there and clicked on the link of Nairaland Google brought out as your defence. I've added the Nairaland link you copied from google without verifying if it's correct.

Secondly didn't you see in one of my replies where I acknowledged that there are different types of crude?

See I'm done arguing with you cos like I said earlier, you're just going around in circles.

As for your thread, I'm not jobless so I won't waste my productive time arguing with you there. I've got much better things to do with my time. Good night.

yinkus6750:
It's now obvious this statistics has no sense. Price of foreign rice has drastically dropped within the past few weeks. Currently sold at 58-60,000 in Ogun State. The rate was even a slight increase which is attributed to Sallah celebration.

Yes you as right 50k bag of rice is 60k I bought half 30k from bodija market last week so their statistic is wrong and fake thou I'm not supporting this apc government

jamafa:
So U are saying a bag of rice is 122k in Imo state bah at present??

U people ehn 😂

Una no dey check moniker before una quote for here. That guy is not someone you wanna have a reasonable convo with lol 😂

[quote author=DrMB post=135655561][/quote]Send this, ONLY to fools like you. Now, stste these👇👇👇

Your salaries in

2020
2021
2022
2023.
2024
2025

muyico:
54k now!

stip to Dey carry yeye news.i just bought 85k.

yinkus6750:
It's now obvious this statistics has no sense. Price of foreign rice has drastically dropped within the past few weeks. Currently sold at 58-60,000 in Ogun State. The rate was even a slight increase which is attributed to Sallah celebration.

Now 56k in so many locations around Lagos and Ogun States

Tulumbu is working

yinkus6750:
It's now obvious this statistics has no sense. Price of foreign rice has drastically dropped within the past few weeks. Currently sold at 58-60,000 in Ogun State. The rate was even a slight increase which is attributed to Sallah celebration.

Let the haters continue to work on the stale Statistics.
Na Nigeria we de .
Nobody de blame the Governors,as if the Homongous Money 🤑 in their hands are for them.

yinkus6750:
It's now obvious this statistics has no sense. Price of foreign rice has drastically dropped within the past few weeks. Currently sold at 58-60,000 in Ogun State. The rate was even a slight increase which is attributed to Sallah celebration.

bring 20 bags for me for that price

mrvitalis:
Nigeria starts and ends in Ogun state abi?

you are from the same state with liar Muhammad.. there no place in Nigeria you can get 50kg of rice 60,000..