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Nairaland Forum / Entertainment / Sports / European Football (EPL, UEFA, La Liga) / EPL Chatroom - All Discussions (1794686 Views)
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Re: EPL Chatroom - All Discussions by raumdeuter: 7:00pm On Jan 29, 2023 |
GloriousGbola: Though I don't have any business interest in Nigeria in the near term but mentioning this picks my interest Like how much does it take to open a fuel station in Lagos. Not in Lekki and also not in an undeveloped area say like Ikeja or Surulere Has anyone done the feasibility study the projected investment, the business risks and the projected returns If there is any thread like that whether on NL or Twitter I will like to know cos I doubt any govt will remove subsidy which will always make money for station owners |
Re: EPL Chatroom - All Discussions by seankafor(m): 7:02pm On Jan 29, 2023 |
GloriousGbola:but how are these people able to bypass the advantages of decentralization in this petrol business I thought competition is good for business.. those different brands of filling stations supposed to be a good thing in the sense that it will bring competition amongst them just like we have in other sectors like telecom, bank, etc I know most of these filling stations have one big WhatsApp group and no one dares go against their monopolistic rule.. if it's that, it's gang and herd mentality.. We don't have scarcity in gas, Diesel, kerosene.. how the hell are we having scarcity in Petrol? |
Re: EPL Chatroom - All Discussions by Agadinaagwuofe: 7:06pm On Jan 29, 2023 |
BlueRayDick: To be sincere that is hypocritical but again he is a diffident man with shrewd and queer personality. Sometimes I wonder how people around him cope with him because he sometimes appear like someone that is difficult to get along. But again it is blessing in disguise for opposition, he has crossed the bridge the bridge can collapse he doesn't care but another angle to it is this will be his only landmark he will be remembered for in the annals of the country other than that his tenure is marred by the most plague that has befallen this nation and he can easily pass as the worst president both pre and post independence the country has ever had. |
Re: EPL Chatroom - All Discussions by izzou(m): 7:11pm On Jan 29, 2023 |
Can someone please explain to me how Petrol station business is profitable? Unless you are a major marketer, i still believe most are just used to hide the illegal means of wealth. |
Re: EPL Chatroom - All Discussions by Agadinaagwuofe: 7:12pm On Jan 29, 2023 |
Roland17: See! I can categorically tell you that Nigerian politicians will easily win the most greediest and insatiable politicians in the whole wide world. The money they need to prosecute election can never be quantified that is why they stole uncontrollably without shame and that is exactly the same thing that is holding the so-called structure, once this funds trickling down are punctured, I am telling you Politics will become less attractive to everyone along the food chain and only then will politicians put the masses first before their God father. |
Re: EPL Chatroom - All Discussions by raumdeuter: 7:13pm On Jan 29, 2023 |
izzou: Maybe this should be my actual question How profitable is petrol station business and how do they make money 1 Like 1 Share |
Re: EPL Chatroom - All Discussions by GloriousGbola: 7:14pm On Jan 29, 2023 |
raumdeuter: You want to build a station to the standard in Yankee with full EPA conformance - over 500m (because of dollar) You want to build as an environmentally responsible company - 250 to 300m You want to build as independent - 100m range And na the same fuel you all go sell so who makes his money back fastest? |
Re: EPL Chatroom - All Discussions by GloriousGbola: 7:23pm On Jan 29, 2023 |
izzou: Take a 20 litre measuring can. This is for pump calibration. In an ideal world you dispense what reads as 20 litres from pump to measuring can, it is 20 litres you get. However because of losses dpr has an allowance per litre. I have forgotten the figure but it is not that high. I think 0.5 allowance for 20 litres. But say you adjust the pump so it reads 21 litres when you pump 20 litres. That means for every 20 litres you pump you are making 184n extra. Now imagine your station is selling 500k to 1m litres a month. This is very big money and people can kill for it. In a fully structured society petrol is a loss leader which is why the real money from gas stations abroad is retail. You can make money on margins but you have to be a mega station in the million litre /month band. You also have to understand the business or your attendants and station managers will rob you blind. Especially the so called innocent pastor looking ones. Retail price per litre less ex depot price per litre less losses, less operating costs, less monthly settlements 1 Like |
Re: EPL Chatroom - All Discussions by GloriousGbola: 7:28pm On Jan 29, 2023 |
seankafor: Diesel, gas and kerosene are fully deregulated. So anyone can bring them in. Petrol is subsidized so nnpc is bringing it in. And it is being diverted to neighbouring countries which is why we have scarcity. This is how it used to work. You have a station in lagos. You pay the depot for your allocation, say 3m. The truck is dispatched. You get a call. We are sending the truck elsewhere. Your money after sales should be 4m.take 5m. The truck is now moved somewhere where the fuel will sell for 6 or 7m. You make your money, but the supply chain is fked up. That is the root of the pms scarcity. All this nonsense raiding stations for selling in Jerry cans is aboki eye service. They know the deal. 1 Like |
Re: EPL Chatroom - All Discussions by izzou(m): 7:46pm On Jan 29, 2023 |
GloriousGbola: 500k to 1 million litres per month? That is....having 15 tanker trucks offloading petrol every month...31 days? Pre scarcity, is there any One-man fuelling station that can do this? |
Re: EPL Chatroom - All Discussions by Itsrm(m): 7:48pm On Jan 29, 2023 |
GloriousGbola: Or they pay the 6m and sell to us at 350/l Interesting |
Re: EPL Chatroom - All Discussions by GloriousGbola: 7:49pm On Jan 29, 2023 |
izzou: If your station is situated in the right space - yes. |
Re: EPL Chatroom - All Discussions by izzou(m): 7:49pm On Jan 29, 2023 |
raumdeuter: I needed to ask this I have heard from persons that the profit margin for every litre of diesel hovers around 20 naira So person go use about 28 million buy one truck (33,000 litres), then gain 660,000? Hmmmmm |
Re: EPL Chatroom - All Discussions by GloriousGbola: 7:51pm On Jan 29, 2023 |
Itsrm: I am made to understand diverted fuel is going outside Nigeria to places where there is no subsidy The 350/l is imho price gouging. The scarcity is because there is not enough fuel to go around. The scarcity means those diverting trucks will also charge more to those they are supplying to. This is what the idiots in dss, if they are actually serious about the fuel shortage being a national security matter should be clamping down on. |
Re: EPL Chatroom - All Discussions by izzou(m): 7:52pm On Jan 29, 2023 |
GloriousGbola: Not everybody is on a right space naa I visit my mum at Badagry, and there's one near her bus stop. I don't think those ones can do 2 trucks every month, but they are in business. Imagine spending hundreds of millions to get less than a million (net) every month. The thing be like fronts for other illegal business 1 Like 1 Share |
Re: EPL Chatroom - All Discussions by Itsrm(m): 7:53pm On Jan 29, 2023 |
izzou: They may be lying. Most of them buy bunkered Diesel at a cheaper rate and mix with the original to make more profit |
Re: EPL Chatroom - All Discussions by GloriousGbola: 7:56pm On Jan 29, 2023 |
izzou: Pump adjustment. Also adulteration. Then sourcing kpofire diesel. What all those illegal refineries that have turned pH to a future zone of endemic lung cancer produce is diesel. But the diesel is not viscous and will spoil your lift pump over time. Also alot of the diesel sold in Nigeria is actually rejected in the rest of the world. |
Re: EPL Chatroom - All Discussions by izzou(m): 7:58pm On Jan 29, 2023 |
Itsrm: You could be right, my brother But with the way these stuffs are springing here and there, i doubt the magnanimity of its profits It is just like shopping malls...Many are just to hide shady deals, but people see them and say it is very profitable |
Re: EPL Chatroom - All Discussions by GloriousGbola: 7:59pm On Jan 29, 2023 |
izzou: True. But some are. There is an enyo in lekki. That station has always made mad volumes. Mad volumes. So much so that everyone manages the unadulterated craziness of the station dealer. |
Re: EPL Chatroom - All Discussions by GloriousGbola: 8:01pm On Jan 29, 2023 |
izzou: It is not so much front for money laundering imho as it is a means to convert stolen money into assets. Because some of these sites will definetly not pass any feasibility /viability study. Especially all these super mega stations. |
Re: EPL Chatroom - All Discussions by akwesenana: 8:14pm On Jan 29, 2023 |
Segedinho:Then ringroad to agip go be around 1500. |
Re: EPL Chatroom - All Discussions by Spy360(m): 8:16pm On Jan 29, 2023 |
Donjazet2: ![]() ![]() ![]() It's not your fault Emi Lokan' to damage whatever is remaining in Nigeria 3 Likes
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Re: EPL Chatroom - All Discussions by Segedinho(m): 8:20pm On Jan 29, 2023 |
akwesenana:Na around there be d 1k per litre for black market so But mehn dey plan tomorrow Waka.
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Re: EPL Chatroom - All Discussions by BlueRayDick: 8:21pm On Jan 29, 2023 |
Itsrm: Baba they didn’t redesign 100 naira , 50 naira , 20 naira and 10 naira . A petty trader that sells a commodity lesser than 200 naira shouldn’t be bothered about this redesign thingy . Personally I believe people are over-amplifying the whole issue sef . I bought something worth 600 this evening with a new 1000 naira notes and the seller gave me 4 100 naira notes as change. She didn’t have problem with me since I paid with new notes and I didn’t have problem with her since she gave me change in 100 naira denomination which is not affected by the redesign . |
Re: EPL Chatroom - All Discussions by Itsrm(m): 8:26pm On Jan 29, 2023 |
BlueRayDick: Exactly. Nothing concern groundnut seller with POS |
Re: EPL Chatroom - All Discussions by Itsrm(m): 8:30pm On Jan 29, 2023 |
izzou: If I get money self I go build one. From gbolas explanation, apparently, if you know your way, there can be cool money to be made. The biggest running cost seem to be diesel but then, kpofire will come to the rescue. |
Re: EPL Chatroom - All Discussions by akwesenana: 8:37pm On Jan 29, 2023 |
Segedinho:Hmm. In uyo here, i saw petrol selling for 300/l and i thought its too expensive. Even delta wey get refinery still dey suffer. 1 Like |
Re: EPL Chatroom - All Discussions by TrebleChamp(m): 8:49pm On Jan 29, 2023 |
Sanwo-Olu withdrew from the Lagos Governorship debate, sighting foolish excuse of not wanting his supporters to clash with Jandor supporters. I was wondering why he would choose to attend a debate, when his principal is running away from his own Presidential debate. E be like na Gbadebo i go vote for las las.... 6 Likes |
Re: EPL Chatroom - All Discussions by izzou(m): 9:04pm On Jan 29, 2023 |
TrebleChamp: Do you think Sanwo-Olu is hiding from a debate? |
Re: EPL Chatroom - All Discussions by Theflint1(m): 9:12pm On Jan 29, 2023 |
izzou:He is actually, whether he's refusing to attend one because it'd give publicity to his contestants or because he believes the LP and PDP guys might floor him in a debate. I think it's more the former than the latter though. |
Re: EPL Chatroom - All Discussions by Itsrm(m): 9:20pm On Jan 29, 2023 |
Theflint1: Politicians who are certain of victory hardly attend debates. It's just a waste of time as far as they are concerned. Tonye Cole and some other aspirants have been challenging Fubara to a debate. They have all been ignored. 3 Likes 1 Share |
Re: EPL Chatroom - All Discussions by DissTroy(m): 9:25pm On Jan 29, 2023 |
"They may be lying. Most of them buy bunkered Diesel at a cheaper rate and mix with the original to make more profit"Exactly! This is what I explained in depth last month and the dumb Shekau-lite doesn't understand when he brought it up days ago. In fact, the scarcity is an incentive for bunkering. Since when the fuel crisis began, have you read of oil bunkerers being busted? Or them being caught by the Navy? Fueling stations in the South buy a lot of bunkered oil. And this didn't begin today. The government is involved. Very much involved and I have explained this in detail in the past. Anyone from the Niger Delta on this thread who claims he doesn't know about these illegal activities go on is a liar. Heck! Military personnel's have been exposed for owning illegal refineries in Rivers and Delta just last year. 1 Like |
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