I always enjoy it when people mention Jennyclay in matters like this.

Let's go ....

NinjaMetahuman:
that's why government cannot ban importation of petroleum under any circumstances like they did for cement.

Dangote should compete with imported product for a fair price.

Elementary economics will teach you what importation does to a country' s economy.

The major bulk of the pressure on the dollar that increases the need for dollar in Nigeria is the importation of petroleum products. Now that a private refinery is taking off and another Govt refinery is in the horizon, you are still clamouring for the importation of petroleum products.

What to do actually want? Or maybe I should ask, what do you know?

I am yet to see the comment of the clown whose sister works at DANGOTE refinery and has confirmed that year 2026 is the take off date.

If you are the one, please reply and quote me.

zomoears:


Strong words sha.

1,000,000l means 30-31 trucks per order.

Its not a playground for small players.

Maybe Nigerian Breweries should start selling to Beer parlours too in order to provide level playing ground for small players

londonerr:
Hmmmmmm good. But Afe Babalola University has something like this without noise.

But ABIA state assaulted us for weeks for something like this. Especially their online bingos.

CodeTemplar:
A responsible govt and not another that will kidnap you and hold you for weeks under inhuman conditions.

Wonderful.

All of a sudden, the government that has warned a citizen for expressing his opinion has suddenly become " responsible"

Only on Nairaland.

leokid866:
I don't know where you people always put your head cause it's been stated Nigerians have the cheapest cement in West Africa.....

The moment they hold on to a fallacy, nothing can ever change their mind even if you provide evidence.

BarrElChapo:


I asked my younger sister directly yesterday, have you guys started producing she said no that they’re still commissioning many new departments in the refinery.


No one hates Nigeria after all we all live here but I think you guys that love Nigeria should also believe when others who have a contrary and sometimes right information on things tell you.


Has mister dangote or dangote refinery spoken about beginning production? No

Can NNPCL give dangote the needed amount of crude to produce steadily? No

So where’s the crude to produce? When you have a non biased view you might be able to see things more clearly.

Even in the article it stated Tuesday no date and that the representative of dangote didn’t answer and have not responded back.

Hmmmm.

Maybe the crude the refinery got the other time has been used to fry Ikpekere?

Perhaps, ww should believe your sister rather than the media? Wonderful idea

Chummynoni:
You shouldnt have wasted your time replying them, ahmed musa. Too many stupid people on the media space.

The response was necessary most especially as the trail was blazed by a supposedly media outfit.

If there is anything that the response achieved, the thing shuck ARISE no be small.

Lovit:
Forget tradition, in a social setting like that, when a senior person extends his hand for shake, it will be disrespectful to ignore it and bow instead

The courtesy thing to do is receive the hand shake as a sign of respect for him. You are not the one extending your hand first, the Governor extended a hand first to you, why ignore it?

I will feel bad if I extend a hand to someone junior for a shake and he ignores it, even if he chooses to prostrate, I will feel he is disrespecting me

Somebody gave his tradition as the reason for his action and you are saying he should " forget tradition"?
Perhaps maybe his upbringing is totally different from yours. Perhaps, to get your applause, he should have borrowed your own tradition.

ARISE will never miss the opportunity to disgrace themselves as a media outfit.

Dis na BABA finishing from Ahmed Musa.

Why always ARISE?

alizma:
This is how it works, he set a high standard for people he know cannot meet up, then he create a middle channel from no where who will say I can meet up, then the middle channel now sell at a margin, to the actual people who were originally supposed to buy from him directly. By so doing he is cashing out from both side

The usual presumptuous wrong analysis.
Do you expect the refinery to be selling to all trucks of 33,000 liters?
Do you think Nigerian Breweries sell to every beer parlour at their plant?

There is something they call logistics in distribution. Go and read about it.

BarrElChapo:


Unfortunately for you my younger sister works at that refinery. Keep dreaming lmaooo

Btw which Tuesday exactly ? Today ? The next week, month, year ? Brain absent 🤣

This is not the first time we are reading, my brother works there. My father works there.
Even if it is your wishful 2026, it shall soon be here.

But frankly, what do you people gain by being hateful of anything good about Nigeria?

Front0lane:
But your Igbo tribesmen were the one shouting Dangote refinery won't be ready till 2027 forgetting the Orient Refinery Peter Pandora Obi commissioned over 20 years ago is yet to produce a single litre of fuel till tomorrow.

With the audacity with which some of them talked about the 2026 take off date, some even claiming they work there, one would think DANGOTE has not laid the foundation.

I am not always comfortable when people label them " hate filled" but then, that adjective may not be too wrong after all.

BarrElChapo:
Story story

E shock you say refinery wey una talk say hin go start work for 2026 wan begin sell on Tuesday?

Accept my SINpathies.

Zonefree:
Una go just dey ask useless questions every time

And, it is because they keep getting answers.

It is only a fool that will think all Nigeria politicians are not the same.

It is a bigger fool that will think all political juslings are for the betterment of the people rather than a parochial self interest.

shortgun:
Many people are going days now without food in their stomachs due to hardship brought by Tinubu on Nigerians

Just as many are running naked on Nairaland as a result of the stupidity they inherited.

So pathetic.

A new definition of wahala: Having to defeat Burnley with a dubious penalty and two red cards.

So, accidents like this happen in the so called " saner climes too"?


I am.surprised.no.one has commented that POTUS should resign.

ivandrag0n:




You were not taught well in school and you’re shaming yourself by publicly propounding economy theory upside down.

Mergers usually create Economics of scale, ensure more robust financial entities and brings about more economic opportunities including but not limited to increased employment.

Stop exposing your illiteracy. It’s too crass.

Nairaland is a place to get enough laugh if you are bored especially with the comments of the ignoramuses you quoted.

I stopped replying him the moment he said the price of Access Bank today is N10.

Emperor5:
Instead of meager the bank should invite investors to buy share

Nobody including the CBN has mentioned merger except of course illiterate economists on Nairaland advertising their stupidity.

43Ronin:

Ok Mr smart man, what is the essence of the recapitalization and why exclude BDCs and micro-finance banks from it? I was going to take on you further but when you said capital appreciation I realised that you are an illiterate. Access bank share price was 9.75 on 1st January 2014 now it stands at 10. How much appreciated for someone who invested 10 million 10 years ago? What is now the value of his 10.75m in our present economy compared to it 10 years ago? Would he have made more money investing his 10 mill in maybe a landed property or even FG issued bonds at 13% p.a? You are financially illiterate to even discuss with me. I mean for you to even say capital appreciation in shares or stock trading don't you know that share prices fluctuate and if you invest today you could make a killing tomorrow but lose over 10 years? Olodo

No need arguing with someone who says Access Bank shares today stands at N10.

43Ronin:
Honestly this CBN governor is just very clueless! Where will commercial banks get the funds from? Even if they issue IPO how many nigerians can purchase and for what exactly? Why would any nigerian wan to tie their funds as shares?Does this fool even realise that the eventual mergers will lead to lay-offs? Thereby increasing the unemployment situation in a country where farming is basically a deadly job? Gosh! Why can't he instead issue federal govt bonds at massive interest rate like 15% so that he can mop up excess liquidity in the economy thereby dropping inflation? Then govt invest the funds into capital projects?

CBN Governor is clueless?
Wonderful!

Even if he issues IPO, how many Nigerians can purchase and for what?
Stupid question from someone calling another clueless.
Many Nigerians will buy for themselves and even for their children because they know what shareholding means.
Do not speak for all Nigerians based on your own personal economic situation or handicap.

Why would any Nigerian want to tie up their money in shares?
Another stupid question from someone uncultured enough to label man presumably old enough to be his father a fool.

Shareholding for you is tieing down capital? What happens to capital appreciation over time?

Why can he issue FG bonds instead?
We are talking about bank recapitalisation and Mr. Wise man is talking about issuance of bonds. Pathetic!
Is is the issued bonds that will recapitalize the banks?

If I have to address the issue of the bond issuance, I may have to educate you.

You are too crude for that education.

Endeavor to be too quick to advertise your ignorance. Though I recognize the fact that Nairaland seems to be the meeting point for the ignorant once like you.

KingLennon:
Many workers will be retrenched and the suffering will increase. The banks will increase charges rate and the common man will still suffer it. Who dey advise BAT sef?











When stupid people are at the helm of affairs in the country, the people suffer

What is the relationship between banks retrenching their staff and increasing charges?

I should have known you know next to nothing when you said " charges rate".

Oyerinde16:
What it means is that.
1. Banks must have 500b untouched in reserve, they can only take it or cash it if they want to close or shut down the bank.
2. Banks will begin to look for ways and means to gather this money, either by savings, merging, borrowing and or using stringent or dubious methods to get the money.
3. Banks would need more marketing staffs to pay less but bring in more money into the bank.
4. Most banks would borrow to stand alone then spend years paying back the loan
5. Some banks would just merge to meet the target then consolidate and move on without owing.
6 you can add your own

@2.so, banks will start saving,. borrowing and adopt.other.dubious methods to increase their capital bases?

Please go and educate yourself on what a bank capital base is.

@3 Is the employment of more marketing staff the method adopted when Soludo did the same thing?
Where do you people always get this beer parlour logics?
@4, most banks will borrow from where?
Perhaps,.the will borrow from NANS and NLC

Please go and do a bit of research on what the CBN Governor said and has requested the banks to do


And be less bold about spewing heresy.

naija4life247:


Next time, call him Professor Charles Chukwuma Soludo the Solution.

While the world was crying of recession in the late 2000s, hunger and starvation all over the world. Many rendered homeless in USA and Europe. But, we Nigerians were doing Owambe Parties from Monday to Sunday. Musicians were playing all days and night because Soludo the Solution managed the Fiscal and Monetary policy implementation so well. He sat with many banks Board of Directors and helped them negotiate balanced mergers and acquisitions. I know because I was in the industry then.

The world bank, IMF, European Economic Bank and others had to put their chairs and tables under mango tree and listen to the Professor Emeritus to teach them Micro and Macro Economics.

This is why I am very angry whenever someone says the useless Musa Umar Yar'Adua wey Ogun kill was a good man. That is the idiot that removed a Professor of Macro Economics as CBN Governor after his first 5-year tenure and replaced him with the pedophille Sanusi LamidoSanusi who has a Masters degree in Islamic Studies from a university in Sudan and Yar'Adua made such an idiot the CBN Governor.

The pedophille Sanusi Lamido Sanusi illegally took over 10 Southern Banks by colluding with some Southern crooks like the once that Ogun just killed in a plane crash in USA while going to have sex party with his family. And Goatluck Jonathan watched until Sanusi ruined 10 Southern banks.

The CBN Governor CAN NEVER manage the monetary and the fiscal policy together.

Please go and find out what is fiscal policy.

Do not argue further.

At what point did Soludo say with Banks board of directors before coming up with the policy.

Do not bamboozle us further.

Farmerforgoats:
Your mother bore a dunce. Oloriburuku Ashiere.

Wonderful!

The first solution to the rape of teenagers in SA should be a change of their school uniform.

The skirts are too tantalizing for pedophile to behold.

Thereafter, the can think of cutting of dia Dickson.

Nawa4nl:
Something is wrong with Lagos.

The number of agberos alone is not normal.

Then the best dressed woman is a man 🙄

Now this😢

Something is wrong with Lagos because of the wickedness of an animal that should have been sacrificed to the gods at Okija?

Something is wrong with you too sir.

The one that married Yoruba beat her to death.

The one that married onye Igbo beat her to death.

Will it be wrong to say it is in their character?

Feintline:
All of these grammars and noise that does not reflect on the cost of living of the people are very useless.

The cost of living is hitting the sky. All these useless tallks eveyday here has no effect in the land.

Tinubu was so obsessed with getting to asorock that he didnt think or have a plan on what to do when he gets there.
The nation is a mess.
How on earth do you grab power by all means and be unprecedentedly clueless . Nothing real on ground. Nothing.
Tinubu is a premium disaster.

Las las, you go dey alright.

The easiest thing to do is to be on SM and claim what you are not. Second only to being critical without substance.