₦airaland Forum

SmartInsure:
Crude Oil Is Falling So Why Is Dangote Raising Petrol Prices Again? https://naijaticker.com/news/naijaticker/crude-oil-is-falling-so-why-is-dangote-raising-petrol-prices-again?utm_source=nairaland&utm_medium=referral&utm_content=thread

KarlTom:
@the bolded

Are you referring to the same FG that took their HQ (Aso Villa) off the grid?

C'mon!

mikeapollo:
You have a point in pointing out the nonchalant attitude of the FG.
But the truth is, if the FG does not lead by good policy initiatives and example, the states cannot solve the power problems by themselves alone.
Who controls the gas that would be used to generate the electricity? Who owns the grid etc?

faoogoke:
Royalex @ N0.87k. It may go as low as N0.50k if the trend continues.

Streetinvestor2:
That man called Dangote is becoming very stu.pid.It looks he has gotten what he wanted and want to start his usual reap off on Nigerians. After all those his cries they want to destroy his refinery. This is how he has formed cabal in cement business and stealing Nigerians. How can cement be far cheaper in other countries with far less production capacity.
This is why he wants to do yeye ipo so he can have Nigerians as his foot soldiers as he make fuel expensive At this point we will soon call for licences for people to start importing the commodity. I have noticed he is always quick to jack up price once crude price goes up.And fins it difficult or just removes small amount when price drops.
The man is never what some of us think he real represents

essentialone:
Regency Alliance Insurance Plc on Full Bid...

KarlTom:
PRESCO AGM

FY DIV: ₦14.66
PD: 15 Sept 2026

https://doclib.ngxgroup.com/Financial_NewsDocs/47850_PRESCO_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_AUGUST_2026.pdf

deathwing:
You’re welcome! After 10days, disturb them again.

SonofElElyonRet:
Ava Capital loses N7 support

mikeapollo:
You have a point in pointing out the nonchalant attitude of the FG.
But the truth is, if the FG does not lead by good policy initiatives and example, the states cannot solve the power problems by themselves alone.
Who controls the gas that would be used to generate the electricity? Who owns the grid etc?

mikeapollo:
You have a point in pointing out the nonchalant attitude of the FG.
But the truth is, if the FG does not lead by good policy initiatives and example, the states cannot solve the power problems by themselves alone.
Who controls the gas that would be used to generate the electricity? Who owns the grid etc?

SonofElElyonRet:
Ava Capital loses ₦7 support

ppogba:
Why are you just bringing bad news left, right and center this morning?

faoogoke:
The man Dangote is a businessman not a philanthropist.

ppogba:
Why are you just bringing bad news left, right and center this morning?

SonofElElyonRet:
Ava Capital loses N7 support

KarlTom:
I beg to difer sir! The FG does not control ALL the gas.

Bayelsa State signed a gas supply contract with Oando recently for a 60MW Plant.
Oyo State has a IPP.
Abia State is concluding plans for theirs
Lagos State etc

Mpeace:
I never see 2025 full year dividend

mikeapollo:
So which grid will the states use to transmit their electricity? Will they build their own grid or use the present one which has been collapsing every now and then?
IPPs in states may generate power and suply to some specific companies through dedicated channels but to supply to the general public through the present national grid would not work without the FG doing the expansion and upgrade of the grid. So the FG still has a huge role to play. There is no shortcut

megawealth01:
Let me know when it gets to sub 2 naira

KarlTom:
Was there a support at that level?

ppogba:
Why are you just bringing bad news left, right and center this morning?

KarlTom:
That's why we have allowance for minigrids

Infact, no right thinking state government will spend billions to generate power and rely on the current national grid.

The ideal situation is to build minigrids in zones within a state

KarlTom:
@Mikeapollo
Power generation remains a gold mine but, like you rightly said, the FG is not bothered about fixing the transmission bottleneck...

mikeapollo:
This is the time to find a way to adjust the price of fuel.
It is crominal foolishand insensitive sell crude to Dangote using the international price and exchange rate in naira.
The nation should rather sell the crude to DR at a national-determined price and also agree to a price that DR would sell to the public. Dangote can supply the whole country successfully without any queues
The peices can be reviewed every 3 months or 6 months etc