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FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira (32073 Views)

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Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Obakoolex(m): 4:48pm On Jul 29
Good development.

Las Las everybody go dey alright grin

6 Likes

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by iwaeda: 4:49pm On Jul 29
LegendHero:


Zombiez, now that Tinubu responded in support of Dangote, you can now go back to hating Dangote and commenting nonsense.

Obedient are like robots. Tinubu is the one controlling their thoughts. If tomorrow Tinubu say it is a good thing to to live, Obedient will embrace death the next day. That's how bad it is.

Go and check mirror and see yourself. cry cry cry cry
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Ladiesdoctor(m): 4:55pm On Jul 29
Point number one, Resolved

Next point.....

3 Likes

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Ibrahimcoomasie: 5:05pm On Jul 29
RepoMan007:
If Dangote was a foreigner, will such a move be interpreted as a lifeline or it will be just the normal duty of the govt?
Lifeline because Dangote can turn it down. But if he does turn it down, then that means he is making money off roundtripping of US dollars.

4 Likes 1 Share

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Smartcitizen: 5:20pm On Jul 29
CyrusVI:
This is Tinubu's first intervention in this matter and it turns out good

Some guys here were quick to paint some ethnic picture of an issue tht erupted when Kyari and Bashirat,both of Northern origin,called out Dangote, of same origin...

How does that even sound?

God bless PBAT





From the stables of APC ONLINE PAID AGENT.


You are doing good job
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by KingOfTheDamned: 5:22pm On Jul 29
CyrusVI:
This is Tinubu's first intervention in this matter and it turns out good

Some guys here were quick to paint some ethnic picture of an issue tht erupted when Kyari and Bashirat,both of Northern origin,called out Dangote, of same origin...

How does that even sound?

God bless PBAT



Man you talk alot. So you have a job?
I didn't need to know all that . You could have just read and moved along like an adult but you seem unable to close your mouth 🫀

How old are you ?
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Chetas81(m): 5:22pm On Jul 29
PROTEST MUST HOLD, IT'S YOUR RIGHT, FORGET ABOUT THOSE PRIMITIVE citizen

1 Like

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by nairalanda1(m): 5:22pm On Jul 29
dragunov:


Kadoso Mutairu aka seunmsg!! I have series of songs and remixes that I have gathered for you o. I will be releasing them 1 by 1. I am currently working with a known artist to do a remix about you.😝😝😝😝😝😝

Seriously man, you don't have to make everything about mocking people.

I don;t agree with that seunmsg, but for once, there was a sane discussion on, and your mockery shows ya got nothing to contribute.

I am sure you will now mock me and call me agbado. But if someone does the same to you, you will begin dey cry.

Contribute...even if it means just saying dangote is a monopoly...there is a discussion to be had there, and stop treating this site as a childish playground.

13 Likes 1 Share

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Holluwhakemmy(f): 5:23pm On Jul 29
Nice one from Jagaban

5 Likes

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Harrynight(m): 5:24pm On Jul 29
sad





Very useless Shiithole country
Something that's produced in Nigeria using Naira currency they want to sell in dollars.

Shiithole that shit will do whatever they like in it and nothing happens

1 Like 1 Share

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Lovenorth: 5:24pm On Jul 29
It's not enough
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by ejieddy: 5:24pm On Jul 29
Until Dangote confirms receipt of crude oil and payment in Naira, I won't say anything. I don't trust this government anymore.

4 Likes 1 Share

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by nairalanda1(m): 5:24pm On Jul 29
LegendHero:


Let’s see if FG will uphold their own side.

Dangote selling his crude back as reported by Bloomberg could be because of FG wanting to supply crude at discounted price.

I say discounted because they will fix the naira value.

Good discussion about the oil issue, learned a lot from you two

I tend to agree with seunmsg...Nigeria's oil production is still not quite stable, and a lot of our crude has already been promised so to speak...but we would see if the 450000 is available really.

But your govt should not set prices for fuel like it is doing now...it is damaging our economy, and indirectly preventing more investment in crude oil exploration.

1 Like

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Cajal(m): 5:24pm On Jul 29
masterfactor:
Some people from the east side of the Niger will not be happy with this news as good news give them headaches.
They are wailing already

5 Likes 1 Share

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by frog12: 5:24pm On Jul 29
why dangote go build 650000 barrel capacity if not to monopolise. he has to get from other countries then

seunmsg:


I doubt if NNPC has 450,000 barrels that they can give to Dangote daily. We barely produce about 1.7 million barrels daily now. By the time IOCs take their share, NNPP will be struggling to have enough to give to those they have collected money from.

3 Likes

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Anguldi(m): 5:24pm On Jul 29
Northerners have taken the fight personal already tongue

1 Like

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Kpartners: 5:24pm On Jul 29
masterfactor:
Some people from the east side of the Niger will not be happy with this news as good news give them headaches.
Tell your Papa to sell the remaining land share the money
Na people from east of the Niger go buy am

!diot

1 Like

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by mikeapollo: 5:25pm On Jul 29
Chinkoalhaji34:
This is what we call a strategic move!

Finally, a government that understands the importance of local currency in boosting our economy. Naira for crude sales? Smart thinking!

Let’s support our local industries and strengthen our financial stability. This is how we build a resilient nation.

Kudos to Tinubu for taking such a bold step!

There is nothing bold or special about this.
The Dangote Refinery is too important and strategic for Nigeria to mess around with.
Any other president would have made the same decision!
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Cajal(m): 5:25pm On Jul 29
LegendHero:


Zombiez, now that Tinubu responded in support of Dangote, you can now go back to hating Dangote and commenting nonsense.

Obedient are like robots. Tinubu is the one controlling their thoughts. If tomorrow Tinubu say it is a good thing to to live, Obedient will embrace death the next day. That's how bad it is.
🀣🀣🀣🀣

1 Like

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by frog12: 5:26pm On Jul 29
so wetin go happen to PH and warri refineries? NNPC is toast shocked

2 Likes

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Babaken(m): 5:26pm On Jul 29
They know this all this while waiting few days to protest before announcing it
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by nairalanda1(m): 5:26pm On Jul 29
masterfactor:
Some people from the east side of the Niger will not be happy with this news as good news give them headaches.

Ye don't have to mock people...this is not the playground.

But at the end, the main elephant in the room is...are we producing enough for even the domestic consumption. Oil production in Nigeria is darn too too problematic...oil theft is a serious issue, among other things.

You better pray and hope the government can meet the needs, otherwise DANGOTE would be forced to import crude more often.
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by blowjohn(m): 5:26pm On Jul 29
The keyword here is 'adopt'

Which ones are the 'other refineries? '

These people are not ready.

Am not a pessimist but It looks like something that will take many months to accomplish is what am saying.
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Belleful: 5:26pm On Jul 29
The fear of protest... Good one Nigerians...
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Bestmanfornow: 5:26pm On Jul 29
LegendHero:


Zombiez, now that Tinubu responded in support of Dangote, you can now go back to hating Dangote and commenting nonsense.

Obedient are like robots. Tinubu is the one controlling their thoughts. If tomorrow Tinubu say it is a good thing to to live, Obedient will embrace death the next day. That's how bad it is.
Protest are going on in the north you are hear shouting Obidient when Una go get balls? Serious what's wrong with you guys
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by JAWBONE(m): 5:27pm On Jul 29
After Dangote was open their nyash, dem compose dem self sharapaly
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by criuze(m): 5:27pm On Jul 29
A very nice audio intervention

1 Like

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Neddstark: 5:28pm On Jul 29
Dangote should enjoy while it lasts. This policy favouring him may swing the other way in the near future.
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Deefirm: 5:28pm On Jul 29
Now, this is commendable from the President, let's see how Dangote reciprocate this gesture with the price of his Refinery produce to the Nigerian masses who stood firmly behind him. I hope he won't be his usual greedy self like we're experiencing with his cement.


LegendHero:


Source: https://www.thecable.ng/breaking-tinubu-directs-nnpc-to-sell-crude-oil-to-dangote-refinery-in-naira/amp/

3 Likes

Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by frog12: 5:29pm On Jul 29
he said he has been exporting refine oil to europe grin

seunmsg:
The problem is beyond the currency of sale. If NNPC will sell only 4 four cargoes to dangote as against the needed 15, it means he will source the balance from other countries. Even though this may be a temporary arrangement till our oil production improves or till when we are done fulfilling our obligation to those we sold our crude to on forward contract, there is still a shortfall of 11 cargoes in the short term that will ultimately affect pricing despite hedging the crude sale agreement.

Again, how much will Dangote sell PMS to marketers? Or, will NNPC buy PMS directly from Dangote and then sell to marketers at a reduce price to maintain the current pump price? A lot still have to be decided to make this Dangote refinery very beneficial to Nigerians.
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by ElSudani: 5:29pm On Jul 29
This should have been done a long time ago. Selling Nigerian crude to Nigerian refineries in dollars is a dumb policy.
Any wonder why all the refineries are dead.

5 Likes

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