Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,685 members, 7,979,304 topics. Date: Saturday, 19 October 2024 at 05:48 AM |
Nairaland Forum / Nairaland / General / Politics / FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira (32202 Views)
10 Largest Refineries In The World / SON Sends Message To Dangote, Other Manufacturers As Cement Sells For New Price / Buhari Orders NNPC To Extend Exploration To Six Basins (names) (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by LegendHero(m): 4:00pm On Jul 29 |
Source: https://www.thecable.ng/breaking-tinubu-directs-nnpc-to-sell-crude-oil-to-dangote-refinery-in-naira/amp/ 83 Likes 12 Shares
|
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by CyrusVI(m): 4:03pm On Jul 29 |
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 189 Likes 24 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by kufre2010(m): 4:04pm On Jul 29 |
O That's fine 21 Likes 3 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by LegendHero(m): 4:07pm On Jul 29 |
This make sense. So far Dangote will supply Nigeria locally to reflect the reduced price. This will save lot of $$ we use in importing crude too. As an independent importer, if you can import fule at a value less than what Dangote sells it, then that is great for you. Dangote Refinery at the moment requires 15 cargoes of crude, at a cost of $13.5 billion yearly. NNPC has committed to supply four. 169 Likes 6 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Ikaeniyan0: 4:08pm On Jul 29 |
This is a commendable move by the president 87 Likes 8 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by RepoMan007: 4:09pm On Jul 29 |
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? 24 Likes 3 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by iwaeda: 4:09pm On Jul 29 |
[quote author=LegendHero post=131208140][/quote] This government doesn't understand what they are doing. No policy can be sustained. I hope Dangote will be OK now.Lets wait till August. 6 Likes 4 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by DMerciful(m): 4:10pm On Jul 29 |
2 Likes |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Chinkoalhaji34: 4:10pm On Jul 29 |
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! 184 Likes 14 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by masterfactor(m): 4:13pm On Jul 29 |
Some people from the east side of the Niger will not be happy with this news as good news give them headaches. 66 Likes 13 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by LegendHero(m): 4:16pm On Jul 29 |
iwaeda: 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. 196 Likes 18 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Ebubu3: 4:16pm On Jul 29 |
Very good move Make dollar fall small even if its to 800-1200 naira Smart move by Tinubu's advisors. I want more of this 148 Likes 6 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by ThinkSmarter: 4:19pm On Jul 29 |
Good development. Govt decisions shouldn't be influenced by personal bias and sentiments of the officials. Rather, economic,social and environmental factor should be the influencing factors. 20 Likes 1 Share |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by bamvik(m): 4:19pm On Jul 29 |
Let's just hope fuel will sell at 500 after all this drama 10 Likes 1 Share |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by seunmsg(m): 4:19pm On Jul 29 |
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. 164 Likes 10 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by LegendHero(m): 4:22pm On Jul 29 |
seunmsg: But the FEC has approved that the 450,000 barrels meant for domestic consumption be offered in Naira to Nigerian refineries, using the Dangote refinery as pilot. I think FG did the right thing for now. Dangote capacity is 650k bpd and FG is offering 450k bpd for the pilot and that is because that is what we consume locally. Until we can increase our crude output to 2million bpd, I don't think FG should be subsidizing Dangote sales to other countries which will be the remaining 200k bpd. To even think of it, Dangote refinery will not be operating at full capacity for the next few months so he can still utilize that 450k for now. Remember we also have other crude commitments and we also need forex from crude that we export in $$. 150 Likes 9 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by GreenxGreen: 4:24pm On Jul 29 |
So all along Dangote has been right with his allegations against Oil Mafia 19 Likes
|
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Kukutente23: 4:24pm On Jul 29 |
I hope it's not fake news 4 Likes 2 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by rayvelez(m): 4:26pm On Jul 29 |
LegendHero:Why not go for Malta 🇲🇹? 3 Likes |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by seunmsg(m): 4:27pm On Jul 29 |
LegendHero: 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. 39 Likes 5 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by OkCornel(m): 4:27pm On Jul 29 |
LegendHero: Excellent news! Exactly what I was hoping from this government. This should have some positive impact on the exchange rate. Selling in dollars would have been disastrous. Next step would be to subsidise the cost of crude supplied and agree selling price at the pumps. Kudos to the government for this move. I really mean it (no sarcasm) 22 Likes 1 Share |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Philipponzaghi: 4:27pm On Jul 29 |
Na so e be! Tinubu dey show say him get plans wey go benefit Nigeria. Naira for crude na big move! Make we see how e go change the game for our economy. 36 Likes 2 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by aderadio1: 4:31pm On Jul 29 |
Hope it's not knee jerk reaction. 2 Likes 1 Share |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Okoroawusa: 4:32pm On Jul 29 |
I Love Bola Ahmed Tinubu 19 Likes 3 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by LegendHero(m): 4:35pm On Jul 29 |
seunmsg: 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. 10 Likes 1 Share |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by thebargainhunte: 4:39pm On Jul 29 |
2 Likes |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by yarimo(m): 4:44pm On Jul 29 |
This is very commendable from president TINUBU 13 Likes 1 Share |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by Kalashnikov49: 4:47pm On Jul 29 |
See Fear Fear... You know all these, but you intentionally refused to do the needful. Tinubu and his cabinet are really dull and shallow Anyway . protest sure... Legendhero Seunmsg Propaganda no fit change the trajectory of the protest People are fed up... and you failures contributed immensely to it . Tinubu is vulnerable.. e go shock una.. Nonsense 7 Likes |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by trutharena: 4:47pm On Jul 29 |
This is a commendable move by President TINUBU! Selling crude oil to Dangote refinery in naira shows a clear vision for boosting our economy and supporting local industries. The future is looking bright under his leadership! 27 Likes 2 Shares |
Re: FEC Orders NNPC To Sell Crude Oil To Dangote, Other Refineries In Naira by FreeStuffsNG: 4:48pm On Jul 29 |
trutharena:Great!!! 18 Likes 2 Shares
|
(1) (2) (3) (4) (5) (6) (7) (Reply)
Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt / Sack Of Usman Mohammed, TCN Boss Pits SGF Against COS / ABU Zaria Students Receive President Buhari (Photos)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 32 |