EPL Chatroom - All Discussions - European Football (EPL, UEFA, La Liga) (5055)

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EPL Chatroom - All Discussions - European Football (EPL, UEFA, La Liga) (5055) - Nairaland

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EPL 2023/2024: Who Would You Say Is The Flop Of The Season? / EPL: Weekend's Results, Updated Premier League Table And Top Scorers / EPL: Five Things We Learnt From The English Premier League This Weekend (2) (3) (4)

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Re: EPL Chatroom - All Discussions by AIT1(m): 6:40pm On Jul 29

Ibime:

He'll be sourcing less dollar to buy abroad for one, but at the same time NNPC will be earning less dollar since they are not selling that crude abroad. If procured at more or less the international price (reflected in Naira), it should net off and have little effect for that transaction, but it will have a positive effect on net dollar demand later downstream if Dangote then sells refined products to distributors in Naira

LordAdam16 and User09 can give us further breakdown as they are closer to Nigeria internal workings

Thank you Sir.

Re: EPL Chatroom - All Discussions by larride(m): 6:41pm On Jul 29

Theflint1:
They said purchase price in Naira is to be fixed.

Yeah. I think that's the advantage for Dangote there. Basically Dangote will be getting a subsidized crude oil.

Re: EPL Chatroom - All Discussions by BlueRayDick: 6:53pm On Jul 29

I am not one of Sowore’s biggest fan but I agree with him on this

https://twitter.com/_nonconformist1/status/1817515032332099939?s=46

I feel pity for the young lady ; she obviously doesn’t know the world she’s stepping into .

Re: EPL Chatroom - All Discussions by chrisooblog: 7:02pm On Jul 29

I was reading that Dangote needs 15 cargos of crude but NNPC can only supply 4 how much will that then play out in the long run?

LordAdam16:

All Dangote cares about is the supply and pricing crude in Naira.
He can still sell gasoline to the NNPC at 1000 and they'll subsidize it to 568.
Landing cost was 1100 as of 2 weeks ago. https://punchng.com/petrol-landing-cost-now-n1117-litre-marketers/
Everything stays the same except the supplier.

-Lord

Re: EPL Chatroom - All Discussions by reccy(m): 7:13pm On Jul 29

Ibime:

He'll be sourcing less dollar to buy abroad for one, but at the same time NNPC will be earning less dollar since they are not selling that crude abroad. If procured at more or less the international price (reflected in Naira), it should net off and have little effect for that transaction, but it will have a positive effect on net dollar demand later downstream if Dangote then sells refined products to distributors in Naira

LordAdam16 and User09 can give us further breakdown as they are closer to Nigeria internal workings

Re: EPL Chatroom - All Discussions by liveLongNprospa(m): 7:16pm On Jul 29

izzou:

As long as Tinubu has the means to keep fuel at 568 in NNPC, Dangote will still cry, marketers will still laugh.

Can Dangote sell below 800?

If dem like, collect bags of corn from Dangote, in exchange for crude oil, 568 will still not let him sell shi shi

It doesn't matter.
For Dangote, he just wanted to ensure he sold at either what nnpc was selling to marketers or he was getting oil cheap enough for him to still refine, sell and not lose out to nnpc.
So he has gotten his subsidy

Re: EPL Chatroom - All Discussions by liveLongNprospa(m): 7:17pm On Jul 29

larride:

So is Tinubu fighting Dangote or not?

OH he is or was. Only time will tell if it has ended.
NNPC still has to make crude available😁.

Re: EPL Chatroom - All Discussions by liveLongNprospa(m): 7:18pm On Jul 29

larride:

I've read the article and really dont know what such deal work. Maybe Ibime can shed more light for us as the finance guru.

Lmao.. It's straight forward.
Someone used that loan deal to move 120million barrels of oil.
Or let's say they will be moving it over time.

Re: EPL Chatroom - All Discussions by TradingGod: 7:21pm On Jul 29

AIT1:
I.bime

With the news that Tinubu has ordered the sales of Crude oil to Dangote in naira. How do you think this would affect the USD to NGN exchange rate?

cc Asonaijaaso

Re: EPL Chatroom - All Discussions by LordAdam16: 7:37pm On Jul 29

chrisooblog:
I was reading that Dangote needs 15 cargos of crude but NNPC can only supply 4 how much will that then play out in the long run?

The mechanics of this deal was hashed out at a higher level.
We're talking about 1/3 of our entire output.
You need to get the buy-in of the IOCs, the traders like Vitol, CBN, FIRS, and more stakeholders before you fundamentally rework the existing flowchart of how such a large percentage of crude is sold.

It is assumed that they've gotten the all clear and Dangote is getting something more concrete than a handshake deal.
A lot of our crude is sold on the open market.
The logistics is not the issue. It's making sure everyone seamlessly gets what's due them; especially in $.
They had to bring in Afrieximbank to be settling financial house.

-Lord

Re: EPL Chatroom - All Discussions by liveLongNprospa(m): 7:38pm On Jul 29

Oh we are back to square 1.

1 Like

Re: EPL Chatroom - All Discussions by izzou(m): 7:38pm On Jul 29

BlueRayDick:
I am not one of Sowore’s biggest fan but I agree with him on this

https://twitter.com/_nonconformist1/status/1817515032332099939?s=46

I feel pity for the young lady ; she obviously doesn’t know the world she’s stepping into .

She sounds so oblivious of Nigeria as a whole. Kept making funny assertions.

Someone that kept on spinning round her chair in the face of an interview

1 Like

Re: EPL Chatroom - All Discussions by izzou(m): 7:45pm On Jul 29

Is it not iamoyindamola and larride i am seeing?

https://www.nairaland.com/8168959/protest-traditionalists-embark-spiritual-procession

Re: EPL Chatroom - All Discussions by LordAdam16: 7:45pm On Jul 29

Ibime:

He'll be sourcing less dollar to buy abroad for one, but at the same time NNPC will be earning less dollar since they are not selling that crude abroad. If procured at more or less the international price (reflected in Naira), it should net off and have little effect for that transaction, but it will have a positive effect on net dollar demand later downstream if Dangote then sells refined products to distributors in Naira

Lord.Adam16 and User.09 can give us further breakdown as they are closer to Nigeria internal workings

I need to see more details of this deal.

For instance, when they say the exchange rate will be fixed for the duration of the transaction, what the f*ck do they mean?
Even Customs change their rates daily. If the plan is to sell 1/3 of our entire output at a fixed rate, they should definitely set aside some money from the reserves to settle the price difference to the IOCs. That's in addition to the IOCs repatriating their profit share in dollars.

Ultimately, the premise makes sense on paper, the numbers look great, and it may yet work out when the gears start turning.
The big but though is that new layers of stealing have been introduced and that could conceivably reduce if not obliterate the projected gains or benefits of this new arrangement.

-Lord

3 Likes 1 Share

Re: EPL Chatroom - All Discussions by liveLongNprospa(m): 7:50pm On Jul 29

So to say Dangote nor mention Malta, person for nor get idea wetin dey happen😁

Re: EPL Chatroom - All Discussions by BlueRayDick: 7:57pm On Jul 29

izzou:

She sounds so oblivious of Nigeria as a whole. Kept making funny assertions.

Someone that kept on spinning round her chair in the face of an interview

As in….. she was the wrong choice for the hatchet job. She has no business being in that studio at all.

Like Sowore said on the program, I believe in years to come when she looks back at the interview she won’t be proud of herself .

Re: EPL Chatroom - All Discussions by izzou(m): 8:04pm On Jul 29

BlueRayDick:

As in….. she was the wrong choice for the hatchet job. She has no business being in that studio at all.

Like Sowore said on the program, I believe in years to come when she looks back at the interview she won’t be proud of herself .

Apart from understanding why she was a wrong pick, the lady seems not to be smart.

We are talking about issues on inflation, scarcity and you are telling me Lagos is not affected by the hardship compared to the other states.

Why? Because Sanwo-Olu brought Ounje Eko.

WTF girl?

1 Like

Re: EPL Chatroom - All Discussions by Theflint1(m): 8:08pm On Jul 29

Big move!

Re: EPL Chatroom - All Discussions by BlueRayDick: 8:09pm On Jul 29

Theflint1 I watched this video of ur guy Asue Ighodalo campaigning to Yoruba settlers in Edo state . He was speaking pure fluent Yoruba shocked

So he can speak fluent Yoruba but can only speak to his own Esan people through interpreter ?

From this video sef , Asue is more Yoruba than Olamide Akpata .

https://x.com/harunabraimoh1/status/1817225047804686372?s=46

Re: EPL Chatroom - All Discussions by izzou(m): 8:15pm On Jul 29

BlueRayDick:
Theflint1 I watched this video of ur guy Asue Ighodalo campaigning to Yoruba settlers in Edo state . He was speaking pure fluent Yoruba

So he can speak fluent Yoruba but can only speak to his own Esan people through interpreter ?

From this video sef , Asue is more Yoruba than Olamide Akpata .

https://x.com/harunabraimoh1/status/1817225047804686372?s=46

Don't start

Re: EPL Chatroom - All Discussions by Theflint1(m): 8:21pm On Jul 29

BlueRayDick:
Theflint1 I watched this video of ur guy Asue Ighodalo campaigning to Yoruba settlers in Edo state . He was speaking pure fluent Yoruba

So he can speak fluent Yoruba but can only speak to his own Esan people through interpreter ?

From this video sef , Asue is more Yoruba than Olamide Akpata .

https://x.com/harunabraimoh1/status/1817225047804686372?s=46

You don see am abi... It's why I laughed when people were reducing Asue Ighodalo's support to his tribe.

Of the three candidates, Asue Ighodalo is the least Edo of the lot, APCs candidate is the proper home boy of the three, but he's a complete dunce.

Re: EPL Chatroom - All Discussions by BlueRayDick: 8:27pm On Jul 29

izzou:

Don't start

I’m not even capping , that guy Yoruba clean pass Fashola and Sanwoolu. grin

When the guy said “igbakeji mi re “ ( This is my deputy ) . I know say he really understand the language

Re: EPL Chatroom - All Discussions by iamoyindamola(m): 8:33pm On Jul 29

izzou:
Is it not iamoyindamola and larride i am seeing?

https://www.nairaland.com/8168959/protest-traditionalists-embark-spiritual-procession

We are waiting for their oro

Re: EPL Chatroom - All Discussions by larride(m): 8:33pm On Jul 29

izzou:
Is it not iamoyindamola and larride i am seeing?

https://www.nairaland.com/8168959/protest-traditionalists-embark-spiritual-procession

Make I no carry cutlass use ham samlarry you o.

Re: EPL Chatroom - All Discussions by Asonaijaaso: 8:35pm On Jul 29

TradingGod:

cc Asonaijaaso

Good move by the president.
Thats the only way Dangote and other refiners can produce fuel at a particular price.
Now the government needs to make another law, that all petrol made with these crude should be offered to FGN to purchase before its is exported anywhere else.
So that they dont buy crude in Naira and export refined petrol in dollars.

1 Like

Re: EPL Chatroom - All Discussions by BlueRayDick: 8:46pm On Jul 29

izzou:

Apart from understanding why she was a wrong pick, the lady seems not to be smart.

We are talking about issues on inflation, scarcity and you are telling me Lagos is not affected by the hardship compared to the other states.

Why? Because Sanwo-Olu brought Ounje Eko.

WTF girl?

Most students that involve in those school politics like NANS and other similar groups are usually not the smartest amongst their peers .

Some of them join those groups/bodies/unions in the hope that such positions will bridge the gap between them and the smart ones in the future .

Some of them end up becoming councilors and LG chairmen. The deficit in their intellectual capability always shine through when they eventually clinch those political positions . Some of them will take some decisions and u will start wondering if indeed they are graduates .

Re: EPL Chatroom - All Discussions by Ibunkun1(m): 8:59pm On Jul 29

Ibime:

But that was just the smaller dragon wey make am run, what if he come meet Thermidor

The one that came to kingslanding is a bait, Vermithor and the rest were lying in ambush. He was being lured, luckily for him he knew. If he had formed strong head enter dragonstone he would have gotten a taste of his own medicine grin

1 Like 1 Share

Re: EPL Chatroom - All Discussions by Theflint1(m): 9:05pm On Jul 29

BlueRayDick:

Most students that involve in those school politics like NANS and other similar groups are usually not the smartest amongst their peers .

Some of them join those groups/bodies/unions in the hope that such positions will bridge the gap between them and the smart ones in the future .

Some of them end up becoming councilors and LG chairmen. The deficit in their intellectual capability always shine through when they eventually clinch those political positions . Some of them will take some decisions and u will start wondering if indeed they are graduates .

Re: EPL Chatroom - All Discussions by larride(m): 9:21pm On Jul 29

liveLongNprospa:

Lmao.. It's straight forward.
Someone used that loan deal to move 120million barrels of oil.
Or let's say they will be moving it over time.

Lol. There is a reason why I defer to Ibime to bring expert opinion into the matter.

For one thing, the price of crude oil is not fixed, the crude oil pledged is a form of guarantee that even if oil prices tank tomorrow, the loan and the interest will be paid.

This kind of deal also involve CBN and FIRS. The interest on loan and loan amount is known.

Re: EPL Chatroom - All Discussions by reccy(m): 10:17pm On Jul 29

larride:

Make I no carry cutlass use ham samlarry you o.

Re: EPL Chatroom - All Discussions by KingTom(m): 10:27pm On Jul 29

izzou:

Don't start

Let him cook grin

Re: EPL Chatroom - All Discussions by OkpaNsukkaisBae(m): 12:13am

liveLongNprospa:
So the US knows about fraudulent elections when it doesn't seem to favour them😁😁

https://x.com/Megatron_ron/status/1817816197871587737?t=bevStwbY22FasVGfJXyOxw&s=19

When I talk dem go say I hate the West.

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