₦airaland Forum

LordAdam16:
What is the price of diesel today at NNPC?
If Dangote was not supplying diesel, it will cost above 1400 per liter in Lagos (higher in other jurisdictions).
A $ is 1610-1640.

Dangote's sales rate to NNPCL is not by itself the reason for the pump price change.
NNPCL used Dangote's intro as an opportunity or smokescreen to raise the rates and cut its per liter subsidy, shortfall, under recovery or whatever they call it.

Dangote has a set rate to sell his gasoline like he has for all his other refined products.
NNPCL can either pay or a foreign off taker will gladly take it off his hands.
NNPCL has been playing games but let's keep our eye on the ball.

-Lord

You still haven't explained how Dangote is selling below the globally accepted price

Do you actually believed there was a transparent undertaking wch involved the Naira swap,hence,the released price of 897 as against real price...

If Naira vs dollars drops,will there not be a corresponding flexibility of the pump price?...

In all,I appreciate ur response thus far but I don't really believe the fact that NNPC saw d price hence adjusted......I believe there was some agreement bw both parties

LordAdam16:
The base price for gasoline as of the last hour is $0.52/L. At 1611/$ (yesterday's closing rate), that comes to N838/L.
Put differently, if you want to place an order for cargo at a US refinery for gasoline in the last hour for an October delivery, the base price is N838/L.
That's before any factoring for grades, shipping, loading and port fees, storage and what have you.

Dangote is giving NNPCL ex-factory, "because say na you" price.
No middlemen.
If they don't buy, he'll sell on the open market. Retail rate in Ghana is above N1400. Their downstream players enjoy a generous profit margin.

-Lord

The base price as accepted by the world isn't the issue here.....

We have been importing even paying landing cost as well as other pms related expenses yet were paying way below the price at fuel stations..


All of a sudden,there are statements about smuggling and incompetency at the border garnished with some debts......

Within 2 days a jack up of pms price wch corresponds roughly with the "almighty dangote" pump price is released..


If you believe Dangote is selling way below market price without some sort of agreement which I termed [sinister understanding] then u can believe anything...

izzou:
[color=royalblue]LP no dey campaign for Edo state?

I never see one picture of Akpata at all[/color]

Akpata knows the reality on ground.........

izzou:
[color=royalblue]Great News.

NNPC is selling Dangote’s petrol at 897/litre

Is this still a big relief?[/color]

I have a feeling of some sort of sinister agreement bw Dangote and FG/NNPC...


The sudden Jack up of price coincidentally tallied with dangote's delivery date....


Las las...almost exactly the same price with dangote's ....

Itzlinda:
My own issue be say make them no allow naira break down again oo.
They should try maintain it at 1500-1600.

Cause of it breaks down to 2000 the hunger go de intense

So like this .like this....


The hunger never dey intense

raumdeuter:
The stove was named that during the regime of Abacha it was a new level of widespread suffering that people didn't witness before

If Jonathan excuse for not removing subsidy was that people protested then he wasn't not ready for it

PDP can also protest this [b]Tinubu removal [/b]if they don't agree with it, that's the purpose of opposition and not to be whining about what APC did as opposition.

If you don't agree then protest too, no one is stopping them

What are you even saying?...


Is subsidy removed or are you among the people that subscribed to the shortfall payment ....


Cod u said he failed like his predecessors ...abi u be twins

Ihebu4chelsea:
If to say Curses dhe work. I for curse you I swear

The guy. 4 don die 4 long

GloriousGbola:
if they dont reach the actual price, the smuggling will continue.

it is what it is, and it is 101% fked up

all this talk about banning jerrycans, stopping people with jerrycans in their cars, is about curbing smuggling.

quite literally they are doing diversion in stations.

black marketers come with 5 to 10 50 litre jerrycans even when there is no scarcity

and u be elder wey people dey look up to......


🥺🥺

BlueRayDick:
It has happened !

Emilokan gang; over to thee!

Ask yourself, is it still favoring u and ur family in Jesus name?

NNPC benin is #855,independent marketers go rch #1500

izzou:
[color=royalblue]True.

Saying Monday is unmarried and has kids is implying he is irresponsible.

Then you expect the other person to say "You dey craze"?

Oshiomole was way worse with his response, but i cannot fault him.[/color]

Both were uncalled for..but it takes irresponsibility for a relatively rich guy of that age to refuse marriage..but Children ain't choice but rather a gift from God....


Pdp statement can be waved but APCs response is kinda a bad one...

My own 2 cent sha(could be emotionally inclined cos of my hatred 4 d party)

BlueRayDick:
I don't think this has to do with short memory. How can u claim short memory when u buy a loaf of bread N700 and today a loaf of bread is N1,500? No amount of short memory will make u forget u had things good last year than u are having it this year.

It is just a case of suffering and smiling jare.

A loaf of warmore bread that used to cost 700 b4 is now #1700 and golden morm (45g in a roll) of 1200 is now 2400 ..I know cos I bought this morning ...


🥺🥺

BlueRayDick:
Nigerians have mastered the art of suffering and smiling under this administration.

If election holds tomorrow, u will be surprised that a whole lot of people will still vote Tinubu.

Why?

You will start hearing extremely fooolish and unintelligible excuses like : "Jagaban is trying, it's not easy to clear the rot of 24 years in one year " ;But it is easy to quadruple the suffering of the people with useless policies within a year.

Baba..I weak......my head dey ring bell and d ony positive thing bsay foodstuffs don dey sorted out already.

izzou:
[color=royalblue]So you dey buy 900 and kept quiet since?

Na una dey benefit from APC[/color]

I dey join queue 4 nnpc normally 4m 3 to 7hrs if i intend to fill tank..



And just branch for random stations if impromptu waka enter leg......

Fuel don increase 4m 900 to #950 ......


10k no fit fill reserve....

Red and teary eyes.....

Amigoss:


Baba what happened to buy Naija and grow the naira Moreover Our state needs FDI and tourism hubspots like oluku, igbague ,ihama and Airport road,Timeout,GRA needs some refixing to attract more tourists ...

I catch u

Unlimited22:
A single sub and a tactical tweak.
If na Monsieur Gboch....

We have another bad ass in viega

Enzo and caceido was outstanding in d 2nd half......

I saw Enzo drifting more to d left hand side and was unafraid of tackling ...


Whatever the coach said at d beginning of the 2nd half most especially to d midfielders worked..

Both goals from wolves where avoidable by both caceido and noni..(mistakes

The defence despite lacking experience tried....colwil pass long passes was spot on and fofana seems to be coming back to his best little by little .


Palmer at the heart of creation was outstanding....

Cheers 🥂

raumdeuter:
By the end of his 2nd term we will get his full scorecard

Subsidy was actually d yardstick here.


But how come with subsidy fuel is still 900 as against 200+ last year under buhari d failure...

Tinubu =4.5 × buhari in terms of failure..in pms alone....

raumdeuter:
Like others before him wey go promise and not do

Others were failure by the way.


In extrapolation....Tinubu is a ....................

Fill in the blank with ur healthy hand

raumdeuter:
Like others before him wey go promise and not do

Atlast...tinubu is a coward that has shrinking balls.

Raumdeuter 2024...


What a time to be alive

raumdeuter:
I said anyone who removed subsidy deserves a 3rd term, Tinubu couldn't so he should only get 2 terms

You now agree that he is a coward abi....

izzou:
[color=royalblue]Baba no know when e misfire.

The same person that said Tinubu had balls for removing subsidy and should be given a third term

[/color]

Egbon losseguard big time...

Lies/ propaganda always have an expiry date...

raumdeuter:
That is because Nigeria is still subsidizing and selling cheaper than our neighbors

Only u one....Tinubu removed subsidiy cos he has ball.

Only u one he is still subsidising...


Baba u sure say u never high like this

Share as seen.

The "3 arms" of Nigeria democratic government...

🤣🤣

BlueRayDick:
That day someone shared his tweet about the Ooni here, I mentioned it here that hope he can actually substantiate those allegations.

I know it is only a matter a time before he's picked up. U don't stay within Nigeria and be shooting at the high and mighty without having backup.

There's a reason why most of the people tackling in the ruling class don't stay within the country

The guy overstretched his risk taking..

Living in Nigeria and going head to head with cabals is actually among the 100 way to die....


I never taught he reside here...

izzou:
[color=royalblue]The way everybody is decamping to APC in Edo calls for divine and national concern.
[/color]

Like I said earlier...

The battle na bw APC vs PDP...


4get about d decamp u dey see online ..the battle na d day gon gon....who fit rig pass.....

PDP is actually ahead in that aspect.........

I wish Akpata would win but in reality,his chance is slim...

I have listened to their media quizzes except okpe.....I think Apkata plans is much more encouraging coupled with the fact that there is no "obvious" godfather behind him...


I still have not seen nor listened to Okpe except d ut and joins gaffe on net..

iamoyindamola:
Shame no go let them do it
Who's playing serviette tonight 🤣🤣🤣


Ibime, nihilistjnr,izzou,bluemann,unlimted22, segedinho, skimpledawg
You guys should create thread now

I Can't even spell the name of the opposition..


🤣🤣🤣

BlewMahn:
Ruthless. Damn

Very ruthless

Skimpledawg:
This brother did not come to play

Straight to the head...

TrebleChamp:
Tinubu that upgraded from the Peugeot 504 Salon he met as official car in 1999 to Mercedes Benz G63 (Wagon), no be today him dey blow Govt money to live like a King.
Same PJ Buhari used for 8 years suddenly developed faults that they could no longer fixed or maintain, any excuse to justify blowing 150bn naira on a bigger more luxurious PJ is allowed. Let them keep it coming.....

No one is even talking about the due process in acquiring the luxury self..


Was it approved

🥺🥺

Theflint1:
Same subsidy he's paying, and even more than his predecessors?

Them say no be subsidy o ...say na shortfall abi wetin again..


https://x.com/aonanuga1956/status/1825650271789449520