"What money cannot solve, more money can solve"

“Post deregulation, NNPC set the pace by selling PMS to domestic marketers at N971 per litre for sale into ships and at N990 for sale into trucks. This set the benchmark for our pricing and we have even gone lower to sell at N960 per litre for sale into ships while maintaining N990 per litre for sale into trucks.

Is this not greed? How do you benchmark against someone's cost that includes international shipping to and fro when yours is manufactured locally?..then remove 10 naira for ships?

Either you want to protect the person's business (Malta Plant) or just plain greed.

At the end the grass (Nigerians) suffer for it

There was a thread recently that 500k a month is no longer middle class and people were against the OP.

10 years ago when USD was around 120, 500k a month was over 4k USD.

Getting visa was a breeze with that income

Now that it's 1700. That's far less than minimum wage at under 300USD.

The OP does not know the meaning of levitation

This is not news...everyone knows this

How about Beta Edu?

Nigeria fully supports the philosophy of free market operations as reiterated by our dear President in his recent Independence Day speech.

Must everything be an avenue for political campaign?

Watch this man get re elected into office.

If UK bounce your visa, don't even bother to apply to Canada.

Guilty conscience.

Who does not know that naija is "fantastically corrupt"?

Only a guilty conscience would make it look like a personal attack when fact is spoken.

Again, since the President is reportedly in Paris, France, which is just about 833 nautical miles from Stockholm, Sweden, one wonders why he did not just attend the 2-day working visit to Sweden. He could simply have done it on his way back from France with his new powerful jet, which would have taken him a little over 2 hours.

This would have saved time and the very scarce national resources we need critically at this time. Instead, he delegated the Vice President, who needed to travel 3055 nautical miles, over nine hours, and (about 4 times the travel time from Paris to Stockholm, Sweden, to represent him at the event.

This is the main point...if vacation is over, why call someone from 9 hrs away to represent you that is 2hrs away? Makes absolutely no sense.

But then again in naija, common sense is not common.

The script starts. T-pain will definitely complete 10 years in office.

"Wetin you go do na to just complain"

CyrusVI:



Who is the State CSO?

Its unreasonable to mention Wike thats in Abuja in such case and I dont see anything wrong in what PBAT did

You are responsible for your state,bro.

Last I checked it's on record that a minister under Tinubu, not only threatened violence in the state, he threatened other governors that will intervene.

Last I checked, state police is not constitutional so who gave the orders for the police to hands off their duties?

In a sane society, not only should Wike be sacked and disciplined for threats of violence, but whoever gave the orders for police to go on holiday and be derelict of their duties (Igp or whoever) should be sacked as well.

But here we have the president asking them to "return" to duty.

What a disgrace!

As long as they have sycophants like you that applaud every nonsense (hopefully you are being paid to do so) nothing will ever change.

It happened in the daytime. We can still travel at night without fear

And we complain about the strength of the naira

ednut1:
the memos and approvals he released were leaked to him without authorization. Even tho it exposed corruption

So what are we not saying? Was the person that exposed the Watergate scandal prosecuted?

ednut1:
whistleblowing does not involve matters of national security

Which of his exposès threatened national security?

Most were corruption in govt

List is not complete without rice sharing

When this man was defending OVH and Malta, it was not a private company abi?

It's reserved for the Judges

Just when you think it can't get any worse

"Employ 50 million yoots"

The rest was diverted to Malta

Malta investment must be protected at the expense of Nigerians

This pic was missing from this thread

Flangelo12:
Werey.

Cost of freighting and customs duties should surely impact the cost of sale.

Expert in what sef?

Exactly!

Sometimes, I wonder if these "experts" are really this ignorant or they are just shamelessly reading a script.

You see some defending OVH monopoly of the petrol claiming it's because they sell crude in naira, import duty since refinery is located in trade free zone etc Ignoring the fact that diesel is handled differently.

OVH must protect their Malta plant and that is all this noise is all about.

Frezhkid10:

Yes!!..but it would be minimal shaa

So what are we not saying?

If a process is already working, why complicate it with all the back and forth noise if their intentions are pure?

Let's stop defending rouges and call a spade a spade

Frezhkid10:

Any other party buying from the refinery will have to pay import duty if it’s to be sold in Nigeria..
But with NNpC it can be waved..

Are they paying import duty on Diesel?

FreeStuffsNG:
NNPCL is technically exchanging its crude it sells in naira to DRL for the refined products. It makes perfect business sense to be the offtaker and marketers will now buy from it at a strategic margin.


Smh. On top refinery business? Refinery business that is a thin-margin business.

Why is diesel exempt as its also produced from crude oil...why not capture all the by products going by your logic?

miiraaj:
I still don't understand this arrangement oooo.

Why should NNPC be the sole distributor of petrol from a private refinery of someone you once accused of monopoly in Nigeria, for a product you claim to be fully deregulated?

This whole NNPC-DANGOTE rigmarole raises a lot of doubts, on the intent of this administration in providing affordable petrol to Nigerians.

I think both NNPC and DANGOTE are looking for an exploitative advantage.

OVH-Dangote...two private firms

There was no noise when Dangote started selling Diesel.

Is this because it will affect the Malta plant that OVH (afterall they are going to change the name) is pushing back?

Expose was done on IBD and nothing was done about it.

Same with Gandollar and nothing has been done about it.

The smugglers are not unknown, they are all cronnies with the government.

Corruption must be on the list to be taken seriously.