₦airaland Forum

nairalanda1:
Nope, it is what you Nigerians , elite and the people want.

You get low oil prices, the elite make money from subsidy claims and smuggling...as do some of the general populace.

If you really want subsidy gone, you would support fuel being sold at market price. SImple.

nairalanda1:
The refineries have not been working because subsidy prevented the sector from making a profit (remember until 2013, diesel and kerosene were subsidised....as well as petrol...meaning every liter comming out of our refineries of diesel, kero and petrol lost money. Even jet A1 fuel).


As harsh as it sounds petrol costs money to refine, and must be sold at a profit to pay the costs, and salaries , and upgrades cost.

nairalanda1:
We don't have electricity and petrol because we sell them below the market price, in the name of subsidy, and have been doing so since the 1970's.
.

GanagiBitrus:
If this is not subsidy, then what is it?

Anyway whether you call it Shortfall or Palliative is not even the main issue. The major concern is that Govt should do everything possible to crash the price of fuel, which will in turn curb inflation.

emkz:
While it seems criticisms of the president are apt, certain facts must be cleared.

The fact is that the president is being blamed for policies, but all presidential candidates agreed that subsidy on petrol needed to be removed. Even the messianic pontiff said he'd remove it on day 1. Suddenly, Tinubu is being condemned for taking the decision to save us from economic doom. It didn't make sense that we were borrowing to pay subsidies. Also, the removal of the parallel trade of fx was to tackle the fx fraud that drained our resources.

Agbalowomeri:
He is trying so hard to sound knowledgeable and complicated to attract customers 😂

BullBearMkt:
Correct man! Always +ve. Money matter

obailala:
This sounds like a cover-up diversionary story, i.e. placing someone inconsequential as the face of the real syndicate. Obviously Abdulkabir Adisa Aliu would be nicely compensated for this.

Given the massive leap in import figures from Malta, I strongly believe someone at the very top is behind the operation.

yMcy56:
OK!
So no one has posted about the status of OANDO in market so far.....
Ok o, attached is the screenshot.....and the bid has increased past this as at now.....
Thank you Jesus!

Mpeace:
As una take argue oando into full bid this morning, make una gather come augue Ns/ds for me abeg.

LibertyRep:
Lately, Ogun has been receiving one of the least allocations from the FG possibly due to loan servicing. Can the state afford another hit on the allocation?
The problem should have been avoided ab initio.

LibertyRep:
This shit is getting messier.
The FG should henceforth scrutinise foreign contract and loans by state government to avoid scandals like this.
Cos I no understand why one state go enter contract and na FG go dey run helter skelter.

All Ogun former Govs who had a thing with this contract should be made to pay the Chinese company from their personal resources.

JASONjnr:
Lol....

The problem of Nigeria is the North.

They seems to have a born-to-rule mindset and that everything about the country should be to their own favour.

They kicked GEJ out of office because they believed he was giving all his attentions to the easterners. But they forgot that he needs much more for them. They elected Buhari who was just a president for the north and nothing more. Did nothing, performed poorly and dominated the seat without offering anything or made a significant change to development and no northerner protested.

debeey87:
You won't say this if you bought it below 200 over 4yrs ago

BuchyD:
Very overated stock especially for "struggling" investors....... Na stock split go follow laslas

chimex38:
The Irony is that some of the IOCs he will meet internationally for crude are probably the same ones in our backyard.. They may have storage tanks and other proxy subsidiaries overseas as the trading arm of the same crude they explored From Nigeria..

In that sense, they sell these crude that left the shores of this country back to him at a premium of between-->$2-$4 plus other transport cost and logistics .
eee get as ee be.

On Buying Abroad and Selling Abroad only.
ee also get as ee be.

Dangote is trying not just to be a Businessman but a BusinessNigerian.

chimex38:
The Irony is that some of the IOCs he will meet internationally for crude are probably the same ones in our backyard.. They may have storage tanks and other proxy subsidiaries overseas as the trading arm of the same crude they explored From Nigeria..

In that sense, they sell these crude that left the shores of this country back to him at a premium of between-->$2-$4 plus other transport cost and logistics .
eee get as ee be.

On Buying Abroad and Selling Abroad only.
ee also get as ee be.

That premium wey u see...
Na one cabal sit down for that angle they chop...
Thats why business is difficult in Nigeria..
Cabal for everywhere .


Dangote is trying not just to be a Businessman but a BusinessNigerian.

Philipponzaghi:
Tinubu's approach is commendable. Investing in CNG is a smart move to harness our gas resources. This could lead to significant savings and lower transport costs. Let's support the FG in this initiative!

ChiefOloye:
Where are you, lead the protest

dinomalaiye:
But why can't we adopt this method instead of this widespread protests?

Modifyd

Oh I forgot the same politicians will still frustrate the process

Krisuba:
Buying what?? Oando. Or Ds/NS. Or japaaul

yMcy56:
There's strong accumulation of OANDO!
The more offer is coming out @30.55, the more they're clearing it!
Are institutional investors involved too?
Or the Asset managers?
Or maybe FPIs self?
Chai! No be small thing oo......demand seems more than supply
34M+ units done in transactions so far ....

Abeg, make dem help DS/NS ministry with 100k o....

Japaul also getting attention in market..

Raider76:
UCAP full bid is even more solid today. No bids below #14.65. I may mean this thing can reach #20.

fnep2smooth:
hahahahaha.

For naija here , unless all the bullet for military's barrack done finish and no money to buy new ones before this kind thing go fit happen.

trutharena:
These protesters are just looking for an excuse to cause chaos. It's shameful how they threaten hardworking business owners instead of seeking genuine solutions.

sIfioksq:
Tinubu is stepping up and addressing the nation directly. This is what leadership looks like! We need more of this kind of engagement from our leaders. He’s not shying away from the tough conversations, and that’s commendable. It's time to rally behind him and support the vision for a better Nigeria. Let's keep the momentum going!

Mankind2024:
Liquidity is a concern for listed ETFs on NGX

0neal:
Thank you Sir

Stanbicetf30 caught my eyes, because of the known name "Stanbic Bank"
I think I will go for Vetgrif30 when I am ready.