₦airaland Forum

Kukutente23:
Now I don't subscribe to corruption but did Dangote know what vendetta means?

Cause this surely is a classical case

Dangote should rather explain why price of imported fuel compares favourably with his locally produced one despite the naira- for- crude that guarantees affordable crude input for him

when you dont have proper knowledge of something please shush ..

1st of all, the oil sector is a dollarized world, the crude dangote get is priced in dollar, he only pays the naira equivalent

the overhead run of the refinery are computed in dollars, he can only use naira equivalence ..

With the quality and grade of fuel Dangote produces you cant expect it to be cheap as blended fuel imported by marketers But above all this man Dangote still manage to give Nigerians high grade fuel at lesser price such that those importing blended fuel struggle to beat Dangote price .. common

Any one that owns business and know what it cost him or her to run overhead in Nig. must give kudos to Dangote honestly, its crazy our govt as made things too difficult

iwadobo:
Yea bro . Don't mind the mumus . Trying to break Dangote monopoly with import is like bitten ones nose to spite one's face . If you are serious about breaking his monopoly , build local refineries to compete with his

That horse has since bolted.
No bank will finance you, no investment advisor will support you IF, they can see a giant on one side and weak regulators on the other.

Watch out and see how long it will take for the next refinery to come onstream. No one is going to compete with Dangote from here on in if the market is fully captured (if regulatory agencies fail)

What the government should do to promote free market is to establish a commodity exchange to hedge prices to protect everyone. Hedging will establish relative price stability so that when Dangote goes low to chase competition out the market buys out the price difference and uses this margin to cool the market when he returns with a vengeance.

Price stability is the only thing that will attract more investment.

jiggyman:
As seun kuti would always say, Nigeria will be better once the source of livelihood of the elite is threatened.

Who would have thought in their wildest dreams that aliko would name names in a press briefing?

Hahahahaha, imagine what happens if 100m youths rose against this few elite!

This Seun Kuti that is worse than the worst elite with his useless sense of entitlement

Why do we give our public space to charlattans who pretend to have any iota of integrity?



https://www.youtube.com/watch?v=4NiKqoAw-BA

reddingtonblack:
when you dont have proper knowledge of something please shush ..

1st of all, the oil sector is a dollarized world, the crude dangote get is priced in dollar, he only pays the naira equivalent

the overhead run of the refinery are computed in dollars, he can only use naira equivalence ..

With the quality and grade of fuel Dangote produces you cant expect it to be cheap as blended fuel imported by marketers But above all this man Dangote still manage to give Nigerians high grade fuel at lesser price such that those importing blended fuel struggle to beat Dangote price .. common

Any one that owns business and know what it cost him or her to run overhead in Nig. must give kudos to Dangote honestly, its crazy our govt as made things too difficult

So what you are saying is that he is running at a loss lowering his prices. If so why will he do that (having not repaid his loans, etc) if not that the sacrifice is for market share (market control). And if so do you think his price wars are sustainable and will prices not rebound in future?

In organized societies this is what government through regulators watch out for. Not only crazy price profiteering increases but also artificial competition crushing price reductions which are equally undesirable.

The power sector is lacking investment today because they say tariffs are artificially low (through subsidies). Same thing can happen in the downstream sector and Dangote's actions can also damage new investment in refining. So the regulator needs to be on top of the situation and view the market, the sector and the overall economy, short, medium.and long term.

It needs to understand the gamesmanship of industrial players and blow the whistle for any infringement.

But like I said not by issuing licenses to import. That is not a regulators job description.

south africa is corrupt but nigeria corruption is out of this world .
i,am perplexed wages and infrastructures obligation are met despite the massive graft going on.
corrupt politicians should be treated the same way as its done in china.
The last administration introduced whistle blower policy to try tame this graft but former AGF malami and his goons frustrated it.

I don't think this is about monopoly. I think it is about the local refining capacities improving. Dangote is making us see the bottlenecks preventing this due to corruption in government institutions.

anonimi:
This Seun Kuti that is worse than the worst elite with his useless sense of entitlement

Why do we give our public space to charlattans who pretend to have any iota of integrity?



https://www.youtube.com/watch?v=4NiKqoAw-BA

Any proof?

Reference:
That horse has since bolted.
No bank will finance you, no investment advisor will support you IF, they can see a giant on one side and weak regulators on the other.

Watch out and see how long it will take for the next refinery to come onstream. No one is going to compete with Dangote from here on in.

Where have you been sir?

Have you not heard about BUA refinery and other modular ones licensed


https://nairametrics.com/2025/12/11/lagos-set-for-second-private-refinery-as-government-confirms-new-investor-talks/

NASTYNASOSO:
Flash🛎: Bua Refinery.

Project goals: The refinery will produce Euro-V standard gasoline, diesel, jet fuel, and polypropylene for the domestic and regional markets.

Location: The refinery is located in Akwa Ibom State, which is close to raw feedstocks and export routes.

Technology provider: Axens of France was selected as the technology provider for the refinery.

Construction: The refinery is being built by a consortium of international contractors.

Financing: The project is financed by a combination of debt and equity, with debt financing provided by international banks and equity financing provided by BUA Group and its partners.

The refinery's success could help Nigeria reduce its refined petroleum imports and eventually become a net exporter of such products.

It is projected to start production in 2025.

jiggyman:
Any proof?

Did you not watch the video of his arrest and handcuffs

anonimi:
Where have you been sir?

Have you not heard about BUA refinery and other modular ones licensed


https://nairametrics.com/2025/12/11/lagos-set-for-second-private-refinery-as-government-confirms-new-investor-talks/

Where have you been also.
Can't you see the cement market and the synergies between BUA and Dangote. That they are strategic industrial partners.

Please, please, please. Don't call BUA competition to Dangote in anything.

Dangote reduces gantry prices to 650, or there about. Has anyone asked him how come. And has anyone thought about the effects on current and proposed investments in new refineries.

On this accusation, I stand with farouk.

Reference:
Where have you been also.
Can't you see the cement market and the synergies between BUA and Dangote. That they are strategic industrial partners.

Please, please, please. Don't call BUA competition to Dangote in anything.

So why don't you call your own senator and representative to enact/upade Anti-Trust laws to deal with these issues that you are passionate about

anonimi:
“The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.

He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.

The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”

― Bertolt Brecht

Nigeria is a very corrupt country. Once you remove a corrupt person from a position there is hardly an uncorrupt person you can replace him or her with.

ALL NIGERIANS ARE CORRUPT!!!!

For how long shall we continue like this?

GreenCovering:
I don't think this is about monopoly. I think it is about the local refining capacities improving. Dangote is making us see the bottlenecks preventing this due to corruption in government institutions.

You are very correct

Jagabanfromcali:
My fear use to be that corruption will be eliminated from Nigeria before I benefit from it but I can see that fear is unfounded

E be things

jiggyman:
As seun kuti would always say, Nigeria will be better once the source of livelihood of the elite is threatened.

Who would have thought in their wildest dreams that aliko would name names in a press briefing?

Hahahahaha, imagine what happens if 100m youths rose against this few elite!

100m youths that are also not corrupt? You are funny

reddingtonblack:
when you dont have proper knowledge of something please shush ..

1st of all, the oil sector is a dollarized world, the crude dangote get is priced in dollar, he only pays the naira equivalent

the overhead run of the refinery are computed in dollars, he can only use naira equivalence ..

With the quality and grade of fuel Dangote produces you cant expect it to be cheap as blended fuel imported by marketers But above all this man Dangote still manage to give Nigerians high grade fuel at lesser price such that those importing blended fuel struggle to beat Dangote price .. common

Any one that owns business and know what it cost him or her to run overhead in Nig. must give kudos to Dangote honestly, its crazy our govt as made things too difficult

You didn't say anything meaningful
The crude other refineries get is not priced in dollars right?
The refineries and blending plants according to you are not run with dollar denominated machineries right? And speaking of overhead, I can assure you that Dangote refinery pays the least among all refineries of its calibre in the world
So now Dangote does not need to factor in the logistics of getting crude feedstock across seas and oceans since he has right of first refusal for Nigerian crude. Additionally, he does not need to factor logistics to get the fuel to the dealers and retailers that patronise him. So can you clearly explain how he is at a disadvantage compared to marketers who import fuel from far distances and have to pay import costs as well as logistics and do not get the benefit of naira equivalence?

Kobicove:
Did you not see where Dangote said that local refiners are forced to buy crude oil at premium price?

That's his claim
He has made that claim severally only to fold when he meets with NUPRC
How is he buying at premium when he's buying it in naira?

I believe competition is very good but something stinks about the imports.

There's something putrid in the air.

OlujobaSamuel:
He actually mentioned something relating to this, he said this forces crude sellers to ṣell to him at premium, that is, above global market price for crude, so even though he is paying in naira, he is still paying high price
I hope those familiar with oil market can explain how the mass importation licence affects crude pricing

A claim he made that birthed the naira for crude plan but he's still making....

Pot calling the kettle black.

spencekat:
Dangote alleged that import licenses covering approximately 7.5 billion litres of PMS (Petrol) were issued for Q1 2026, despite significant local production capacity, which forces local refiners to buy crude at a premium and struggle to compete with subsidized or deliberately encouraged imports.


Dangote should stop all this type of behaviour. He dislikes competition.

So importation of fuel is competition abi?

Threedoorsdown:
This one is always crying when his monopoly seems threatened. He then becomes the one who loves Nigeria the most

Anyways the allegations shouldn't be overlooked. Proper investigations should be carried out

Dangote is a monopolist, he hate market competition. He had lobbied the government to stop issuing import license to fuel importers. The Federal government had stopped subsidy payment. If imported fuel meet the NNPC specifications and can complete with locally produced in terms of price. It is should be encouraged. Al the years that Dangote has been enjoying waiver and cheaper dollar from CBN nobody hear pim from his mouth. Capitalist, always feel threatened once they sense relieved is coming towards the masses.

Kukutente23:
That's his claim
He has made that claim severally only to fold when he meets with NUPRC
How is he buying at premium when he's buying it in naira?

+
But aa premium price can be paid in any currency so what are you saying here.

dfrost:
For AD to name names, he has receipts 🧾 already. $5m is huge for school fees nah. Haba?

It's pretty obvious Dangote is hell bend on stamping his monopolistic footprint in the downstream value chain!!
What a baseless alligation and personal attack.
This turn of whining and cry must be because his monopolistic imprints were being tame owning to the free market economy position imposed by the PIA, 2021. Thiat is the position of the law as it stand. If he so wishes, he can use his resources to lobby the National Assembly, to ammend the PIA, to ban importation of Petroleum products.

Bn

Reference:
So what you are saying is that he is running at a loss lowering his prices. If so why will he do that (having not repaid his loans, etc) if not that the sacrifice is for market share (market control). And if so do you think his price wars are sustainable and will prices not rebound in future?

In organized societies this is what government through regulators watch out for. Not only crazy price profiteering increases but also artificial competition crushing price reductions which are equally undesirable.

The power sector is lacking investment today because they say tariffs are artificially low (through subsidies). Same thing can happen in the downstream sector and Dangote's actions can also damage new investment in refining. So the regulator needs to be on top of the situation and view the market, the sector and the overall economy, short, medium.and long term.

It needs to understand the gamesmanship of industrial players and blow the whistle for any infringement.

But like I said not by issuing licenses to import. That is not a regulators job description.

Where did i say Dangote is running at loss, or you just assume selling at lesser price to competitors Must mean you are running at a " LoSS" how naive lenme quickly run an example

i just bought a carton of malta guiness n maltina at bokku for #500 and #450 per can, mind you every other superstore justrite, jendol and co sell above #600 .. only a naive mind will think a business man will run a price bereft of " Gain" .
Nigeria factor, people are fvckin greed .. most cases these Sellers unite to inflate prices of goods, the distributors, the middle men are a pathetic beings they over inflate prices cos they want to make rich quick gain

Till date if you ask the oil marketers to give a break down of price they won't, it was even dangote that 1st gave us a detailed break down of prices ..
I understand business operations, whatever price dangote roll out he is not at loss Worst case he is not making the kind of profit Nigerians love to make nii ... thats it

The power sector claim is invalid because, how do you talk about low investment when you have done nothing to Fix Gross corruption in that sector. let me tell you the damn truth no amount of water rush will fill a bottomless bucket .. try it at home you think your tap is the problem

DeepSight:
+
But aa premium price can be paid in any currency so what are you saying here.

Maybe you don't understand what premium price means
When Dangote made the initial claim of premium price, he said oil companies usually refer him to international traders when he wants to buy Nigerian crude. The traders usually add their margin per barrel i think $5 or so.
It is common sense that international traders will not sell crude to anyone in naira so if he's buying in naira, that means he's either buying from NNPC or an oil coy operating in Nigeria who has been mandated by the authorities to sell his products in naira to the local market
So you can see that as long as he's buying in naira, the question of premium pricing cannot arise except he's saying they are selling to him above international rates

Okoroawusa:
Nigeria is a very corrupt country. Once you remove a corrupt person from a position there is hardly an uncorrupt person you can replace him or her with.

ALL NIGERIANS ARE CORRUPT!!!!

For how long shall we continue like this?

Says the clown that loves Tinubu and PMB
Rest

Kukutente23:
Maybe you don't understand what premium price means
When Dangote made the initial claim of premium price, he said oil companies usually refer him to international traders when he wants to buy Nigerian crude. The traders usually add their margin per barrel i think $5 or so.
It is common sense that international traders will not sell crude to anyone in naira so if he's buying in naira, that means he's either buying from NNPC or an oil coy operating in Nigeria who has been mandated by the authorities to sell his products in naira to the local market
So you can see that as long as he's buying in naira, the question of premium pricing cannot arise except he's saying they are selling to him above international rates

+
I mean the currency does not mean its not a premium price if they simply ask for the equivalent or more.

DeepSight:
+
I mean the currency does not mean its not a premium price if they simply ask for the equivalent or more.

I mean they cannot ask for the $5 per head of international traders and the cost of logistics over international waters is also removed
Besides, there is a committee in place that fixes the price in relation to the exchange rate so again, the question of premium pricing does not arise

Kukutente23:
I mean they cannot ask for the $5 per head of international traders and the cost of logistics over international waters is also removed
Besides, there is a committee in place that fixes the price in relation to the exchange rate so again, the question of premium pricing does not arise

+
Are you sure you are using the word "premium" the same way he is using it?