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Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg - Politics (3) - Nairaland

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Bloomberg news-Nigeria Is Turning Into An Oil Market Juggernaut / DSS Raid: Igboho Denies Turning Into Cat To Escape Arrest / Kogi Receives First Payment As An Oil Producing State (2) (3) (4)

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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 10:16pm On Aug 16
Rossikk:


Nigeria's problem is not gas availability for electricity. Her problem is first the transmission grid which is being fixed, and second, the question of affordability of the electricity for the poorest Nigerian.



How do you know that? Every rational seller, especially one who is a near-monopoly supplier will be VERY wary of new entrants into the market, and in extreme cases, will go all out to impede them. Go to school. This is basic Porters' Five Forces Analysis, which I'm sure is Greek to you.



Your pessimism is irrelevant, and shows gross ignorance, for a project that is well under way, with billions of dollars already spent.


Thankfully, you recognize Dangote as a monopolist. Sad, you lack deep knowledge about the econometrics and the consequences of how 90% of the nations economy and businesses is connected to a sector and you want it handed to a single individual. Do you self reflect your position on issues at all?
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Rossikk(m): 10:17pm On Aug 16
NinjaMetahuman:
I missed this dude.

The patrioticman grin

Yes bros.. grin

2 Likes

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Habbeyy: 10:18pm On Aug 16
Zwooks:


Mentally lazy. I understand
k
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Rossikk(m): 10:19pm On Aug 16
Zwooks:



Thankfully, you recognize Dangote as a monopolist. Sad, you lack deep knowledge about the econometrics and the consequences of how 90% of the nations economy and businesses is connected to a sector and you want it handed to a single individual. Do you self reflect your position on issues at all?

Actually I was referring to Putin there, not Dangote.

You need to get off the bottle, you this guy.

2 Likes

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 10:20pm On Aug 16
Rossikk:


Actually I was referring to Putin there, not Dangote.

You need to get off the bottle, you this guy.


This field is bigger than you. Never comment on anything economics, business or the oil industry please. Your wealth of knowledge is too weak for you to even have a say in discussions in this field

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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by zivility: 10:20pm On Aug 16
Zwooks:



Good. Because the nation will not terminate hundreds of crude contracts to please Dangote


Two, the nation is a bigger entity than Dangote and he can't dictate the pace and policy direction of the country. He has been doing it forever. This is where it stops


Three, refineries all over the world buy crude from so many sources. Dangote is free to go to Libya, Algeria, Malta, Iran to source his crude but the nation will no longer be subservient to him

Obviously zwooks is an agent of the cabal ruining Nigeria. If your father is farming yam advise him to sell everything and buy fried yan from Mai kose for your mother to pound for you to eat

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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 10:21pm On Aug 16
zivility:


Obviously zwooks is an agent of the cabal ruining Nigeria. If your father is farming yam advise him to sell everything and buy fried yan from Mai kose for your mother to pound for you to eat


Simple. Nigeria is not Dangots farm for him to be harvesting our yams freely. Does anyone besides Dangote, Emefiele and Buhari have full knowledge of the dollar dealings between Dangote and FG for the dollars he used for his refinery?

Now, in such a scenario that's opaque,you now want us to hand over the nation to Dangote just because you are all Muslims. He should go to Turkey and try that
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Guestlander: 10:23pm On Aug 16
Zwooks:



Fuulish people are not seeing it and don't realize the threat it poses to the nation for this sector to be monopolized. The entire country's is connected to it and enabling monopoly turns the entire citizenry to slaves

You are one of the Fuulish people no doubt. DAEWOO, Hyundai, Samsung, LG etc, go and tell the Korean government to destroy them and see if they would not refer you to a psychiatrist.

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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Rossikk(m): 10:23pm On Aug 16
Zwooks:



This field is bigger than you. Never comment on anything economics, business or the oil industry please. Your wealth of knowledge is too weak for you to even have a say in discussions in this field

Says the erudite Professor Zwooks.

Your name alone shows your head is not correct.
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 10:24pm On Aug 16
Rossikk:


Says the erudite Professor Zwooks.

Your name alone shows your head is not correct.

Of course, insult where wisdom to counter argue intelligently fails
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by bdon123(m): 10:26pm On Aug 16
Zwooks:



Your statement lacks substance. Dangote refinery is a private project not a national one. He should do like other business men and seek their raw materials elsewhere
Dangote is a private business wit nigeria govt owning shares.jst like NLNG that is owned by shell,Eni ,NNPC
The refinery is of great concern to well meaning Nigerians who want to see d price of petrol drop .

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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Solidex(m): 10:34pm On Aug 16
Flame333:
Since Dangote wan sell fuel at 600, federal government should transfer the return but denied subsidy to Dangote to cushion the effect by reducing the price to like 300 or even 200..

We deserve better from the natural gift God has given us

Enough is enough
In your little trans, you are still hoping fuel price would drop to N200 or N300, in this Nigeria.
Dream on brother, its birth right to dream and even enjoy some trip of hallucinations.

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by flyinnizam(m): 10:35pm On Aug 16
Rossikk:
This country will shake the world.

In fact we're already shaking the world.

But more to come.

See how Dangote Refinery is making the whole world tremble, especially Europe.

What will they say when we now complete our 35 billion dollar gas pipeline that is heading straight to Europe as we speak?

That will end Russia's status as the monopoly supplier to Europe, and triple our annual income.

We better go and start adding nuclear capability to our military.

Because I don't think Putin is finding all these moves by Nigeria funny at all.
Nigeria can't produce 10% of russia gas. stop talking nonsense. Bua has cement now but dangote is still called monopolist
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Chetas81(m): 10:39pm On Aug 16
helinues:
Engrish.

grin
IN FACT NO BE SMALL ENGLISH shocked shocked shocked
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Tizu(m): 10:59pm On Aug 16
We seem to forget that the man Dangote is a brutal merciless monopolist
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by alphaNomega: 10:59pm On Aug 16
Zwooks:



Good. Because the nation will not terminate hundreds of crude contracts to please Dangote


Two, the nation is a bigger entity than Dangote and he can't dictate the pace and policy direction of the country. He has been doing it forever. This is where it stops


Three, refineries all over the world buy crude from so many sources. Dangote is free to go to Libya, Algeria, Malta, Iran to source his crude but the nation will no longer be subservient to him
you see why I said no one should expect cheap fuel from Dangote refinery? he will definitely buy his crude at international price and sell to Nigerians, or whoever wants to buy at whatever makes profit. Dangote crude oil refineries is not a charity.

i pity reading the posts of those who had hopes of cheap fuel when the refinery is completed and running. it is that time you will see thread upon thread and content from financial analysts and economic juggernauts telling you why you must buy fuel at 3 times the market cost cheesy

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Mrwhite09: 11:01pm On Aug 16
Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote
if nigeria will sell crude oil to US i dont think its wrong if it sells it to dangote too

2 Likes

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Omalicious1: 11:03pm On Aug 16
Rossikk:
Nigeria Is Turning Into an Oil Market Juggernaut

The massive Dangote refinery establishes the African nation as a major influencer — and a potential disruptor for Europe.

Bloomberg News



https://www.bloomberg.com/news/newsletters/2024-08-15/nigeria-s-dangote-refinery-is-fueling-an-oil-juggernaut-to-challenge-europe


As each approaches, it gets more obvious that certain greedy outsiders in collaboration with some insiders really don't want the refinery to operate.

2 Likes

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by lextube: 11:07pm On Aug 16
Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote

You're talking rubbish. Go and build your own refinery.

2 Likes

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Rossikk(m): 11:10pm On Aug 16
santaclaws:
The world is waiting for Nigeria.... I can imagine how glorious this country would be when fully industrialized....

Imagine a Nigeria with several export auto makers, mass wear production, booming tourism industry and a solid manufacturing and agro sector... nobody would be able to stand this great nation.

May God help the right people get to the right offices in politics and governance...

I actually read a credible international report which stated that the mere existence of Dangote refinery positions Nigeria as an INDUSTRIALISED COUNTRY TODAY.

Because it makes Nigeria the biggest manufacturer and exporter of refined petroleum products and petrochemicals in Africa.

I will see if I can find the report.

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Walz001: 11:10pm On Aug 16
Rossikk:
This country will shake the world.

In fact we're already shaking the world.

But more to come.

See how Dangote Refinery is making the whole world tremble, especially Europe.

What will they say when we now complete our 35 billion dollar gas pipeline that is heading straight to Europe as we speak?

That will end Russia's status as the monopoly supplier to Europe, and triple our annual income.

We better go and start adding nuclear capability to our military. undecided

Because I don't think Putin is finding all these moves by Nigeria funny at all.

I'm sure he's sitting somewhere laughing and saying ''see small nyash dey shake''.

But we go show am say Naija no dey carry last. angry


That is if some people won't go to the back and collect bribe to distabilize the process
It's long overdue
Africa is a Giant
Nigeria is the leader
But black are making it impossible

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Rossikk(m): 11:13pm On Aug 16
lextube:


You're talking rubbish. Go and build your own refinery.

Are you people still responding to that guy?

That guy is a saboteur. wink

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by terrence12(m): 11:13pm On Aug 16
Rossikk:
This country will shake the world.

In fact we're already shaking the world.

But more to come.

See how Dangote Refinery is making the whole world tremble, especially Europe.

What will they say when we now complete our 35 billion dollar gas pipeline that is heading straight to Europe as we speak?

That will end Russia's status as the monopoly supplier to Europe, and triple our annual income.

We better go and start adding nuclear capability to our military. undecided

Because I don't think Putin is finding all these moves by Nigeria funny at all.

I'm sure he's sitting somewhere laughing and saying ''see small nyash dey shake''.

But we go show am say Naija no dey carry last. angry
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by adabaraabdul: 11:16pm On Aug 16
Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote
what is the rationale behind your thoughts? If it is because you have a personal beef with dangote, then I can understand. But I will like you to factor in the benefits Nigerians would get from dangote taking his stock from Nigeria, it means cheaper crude which results to cheaper fuel and that is what we need right now in Nigeria. Cheaper energy or let's say less expensive energy material will drop down inflation and also reduce the pressure on FX. I think what is better for all of us is more than what is good for your selfish interest, EGO.
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Adambx: 11:27pm On Aug 16
Dnt mind him, have u forgotten we have alot sheeps in human clothing in this country
happney65:


Why should he get his feedstock elsewhere? Whether you like it or not,He will get it in Nigeria and there is nothing you can do about it

Dangote Refinery will WORK!

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by mankan2k7(m): 11:28pm On Aug 16
Rossikk:
This country will shake the world.

In fact we're already shaking the world.

But more to come.

See how Dangote Refinery is making the whole world tremble, especially Europe.

What will they say when we now complete our 35 billion dollar gas pipeline that is heading straight to Europe as we speak?

That will end Russia's status as the monopoly supplier to Europe, and triple our annual income.

We better go and start adding nuclear capability to our military. undecided

Because I don't think Putin is finding all these moves by Nigeria funny at all.

I'm sure he's sitting somewhere laughing and saying ''see small nyash dey shake''.

But we go show am say Naija no dey carry last. angry

U carry yourself climb cockroach horse.

Dey play
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by grandstar(m): 11:40pm On Aug 16
Nigeria should have achieved this mile stone 30 years ago, if there were no fuel subsidies, and their prices fully deregulated.

It isn't far fetched.

South Korea that produces no drop of crude oil has 3 of the 10 largest refineries in the world. Even, Singapore, a country of about 6m people if I am correct, and basically a city refines over 500,000 barrels per day.

The country is still asleep.

Buhari had the golden opportunity on about 3 occasions to deregulate the price of petrol, but blew it in his usual style. Worse, he gave the go-ahead for the borrowing of money to fully rehabilitate the 4 NNPC refineries, rather than selling them as they were.

Now, Dangote is reluctant producing petrol because the present price of N600 per litre does not cover the cost of refining the product. A litre of crude is about 720/litre. Had Buhari deregulated the price as he was expected to, would have saved the nation the present misery.

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Kukutenla: 11:46pm On Aug 16
grandstar:
Nigeria should have achieved this mile stone 30 years ago, if there were no fuel subsidies, and their prices fully deregulated.

It isn't far fetched.

South Korea that produces no drop of crude oil has 3 of the 10 largest refineries in the world. Even, Singapore, a country of about 6m people if I am correct, and basically a city refines over 500,000 barrels per day.

The country is still asleep.

Buhari had the golden opportunity on about 3 occasions to deregulate the price of petrol, but blew it in his usual style. Worse, he gave the go-ahead for the borrowing of money to fully rehabilitate the 4 NNPC refineries, rather than selling them as they were.

Now, Dangote is reluctant producing petrol because the present price of N600 per litre does not cover the cost of refining the product. A litre of crude is about 720/litre. Had Buhari deregulated the price as he was expected to, would have saved the nation the present misery.
Are we agbadorians still blaming Buhari here?
I thought we're done with that and now blaming Obi for every misfire of our god
I'm cornfused
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by RodgersAkpafu: 11:54pm On Aug 16
Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote

silly take

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by successman100: 12:06am On Aug 17
Dangote na your mate?
Estate of Nigeria what?

Dirty Magots mouth.

You that your father can't buy even a bicycle tyre.

Bloody shit hole....

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Singhabele: 12:32am On Aug 17
happney65:


Why should he get his feedstock elsewhere? Whether you like it or not,He will get it in Nigeria and there is nothing you can do about it

Dangote Refinery will WORK!

Dangite made a mistake I e by not developing eeserves driving up to 100qells with $200m to put an average of 2000bbl/day available 4 his refinery.

Relying in nnpc was a disaster he made if he gad dat he can't bukshit nnpc and get refined product to market at aceaoer cost.
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by grandstar(m): 12:39am On Aug 17
Kukutenla:

Are we agbadorians still blaming Buhari here?
I thought we're done with that and now blaming Obi for every misfire of our god
I'm cornfused

Let me ask you a few questions:

1) What is the implication of a government spending 100% of its revenue on debt servicing?

2) What acceptable maximum percentage of revenue should be spent on debt servicing?

3) What are the implications of the Nigerian central bank having only a net figure of $3bn in the foreign reserves, and owing buyers $7bn?

4) Why do Nigerian refineries prefer to refine AGO and dual purpose kerosene rather than petrol, even though the demand of petrol is the highest?

5) How would you go about calculating what the price of a litre of crude oil should cost?

6) What are the implications of an economy growing by 1% and 2.5% by another?

7) What percentage of economic growth is capable of transforming a poor country into a rich and advanced one in a generation?

Reply these questions.

I prefer educated answers.

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