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Nairaland Forum / Nairaland / General / Politics / Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg (25314 Views)
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 santaclaws: 2:00am On Aug 17 |
Rossikk: Industrialised, partly right... Developed, still far from it. Either ways, we're making progress but it needs to be faster... much faster... |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Countersam(m): 2:11am On Aug 17 |
Rossikk: Triple our annual income only for them to steal more than half of it. We won't feel the effect bro. 2 Likes 1 Share |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by vanunu: 3:09am On Aug 17 |
santaclaws: Not in your life time, because the present leaders are criminals. They don't care about technology and they don't care about your country. Know this and have peace mind. 1 Like |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Believeintruth: 3:17am On Aug 17 |
Adakintroy: Explode ko!! Destroy ni? |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by deenee: 3:26am On Aug 17 |
Zwooks: He is already buying from other sources. Also y'all shouldn't expect him to sell fuel cheaper to you......QED 2 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Believeintruth: 3:27am On Aug 17 |
Zwooks: Most people are just sentimental and naive. They really don't get your point. South Korea hosts one of the largest refineries in the world and they source theor crude all over the world, Korea has no proven reserves of crude and the same with Singapore they have one of the largest refineries in the world and they have no crude. Again most people fail to realise that refineries of the scale of dangote in size are not designed to refine one particular grade of crude. Nigerian crude is known as sweet crude as it is sulfur free in content, but has low paraffin content, and as a result is suitable for production of PMS, AGO and Kerosene/Aviation fuel, but produces a low output for petrochemicals. It is Heavier crude blends like US Brent, North Sea, Arabian and Venezuelan crude that are suitable for petrochemical production. That being said I support your view that Dangote should in addition to sourcing for Nigerian crude, he can source crude anywhere as well, he should hold the country hostage because of that. 1 Like |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Believeintruth: 3:28am On Aug 17 |
deenee: Definitely we are not expecting that, bit that is where Nigerian government if they care about the people will come in. This is where the subsidy will make sense and even be economical for the government. |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 3:42am On Aug 17 |
Believeintruth: Dangote wants the entire petroleum industry in his back pocket the same way he pocketed CBN and has used his quota system brothers to empty the nation of its foreign exchange. Nigerians are like you said quitessentially simply naive and sentimental Dangote refinery is a private investment and not a national project 2 Likes 1 Share |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 3:43am On Aug 17 |
adabaraabdul: Abdul as the name implies Muslim. The erosion of national resources to fund Islamic agenda in a form of financial jihadism is what you guys are really pursuing. Nigeria is not a property of Islam and Allah is the devil on disguise. Now, get lost |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 3:44am On Aug 17 |
alphaNomega: Nigerians have persistently made wrong election/leadership choice since as far back as 1914, we are not surprised by their gullibility today |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by geoworldedu: 4:31am On Aug 17 |
Rossikk:Las las, you will hardly see changes in the standard of living of the masses in Nigeria. The naira to dollar conversion will also have no significant improvement because corruption is still there. |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by alphaNomega: 4:41am On Aug 17 |
Zwooks:to be fair, at 1914, they had little to no choice our real men were eliminated by the invading forces and the greedy ones took over, aligned with the foreigners and collectively ripped us a new hole |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by lucianohase(m): 4:49am On Aug 17 |
Rossikk: |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by buzorcharles(m): 4:55am On Aug 17 |
Zwooks: And u think u won't be the one to pay for the cost of importing it's crude? Nigeria will continue to refine its crude outside and bring it back then we pay for the cost of refining n transport |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by kanupapilo: 5:03am On Aug 17 |
Zwooks: https://www.youtube.com/watch?v=kJ13uoDI2tA 1 Like
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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by victorVIC1(m): 5:24am On Aug 17 |
Zwooks: What exactly is your point here? Would you rather we continue to waste billions of dollars on refinement overseas? |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by victorVIC1(m): 5:35am On Aug 17 |
Zwooks: On the contrary, it's your thought process that lacks wisdom. Even a paid agent won't be this shortsighted. |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by kanupapilo: 5:40am On Aug 17 |
Zwooks:Agreed he can ask Emefiele for more dollars from CBN. 1 Like
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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by kanupapilo: 5:46am On Aug 17 |
alphaNomega:Nigeria is not a country, but a mafia enterprise ruled by drug barons and monopolists bent on state capture.
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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by kanupapilo: 5:54am On Aug 17 |
Zwooks: He has met his match in Bobo Chicago. Dangote relied on military leaders like IBB,Abacha, OBJ and Buhari for far too long. And now facing the Lagos landlord who Bode George claimed suffers from an incurable mental illness Affluenza. Bode George: a sufferer of Affluenza “can never stop the craving for unnecessary endless accumulation of wealth. He does not know what is enough.He glorifies wealth in place of the Almighty God. This is the dreadful disease Tinubu is suffering from.” “With all these crazy and bewildering acquisitions , it is obvious that this Iragbiji upstart suffers from a disease called AFFLUENZA .” https://www.youtube.com/watch?v=Fgbsp22VSPE 1 Like
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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Omoejigbahe(m): 6:20am On Aug 17 |
Peter obi and his hoarde of akpu eating bad news peddlers will not like this piece from Bloomberg. Nigeria is on the path of greatness. |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by RoyalTerrorist(m): 6:33am On Aug 17 |
Zwooks:LOLz 1 Like
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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by santaclaws: 6:36am On Aug 17 |
vanunu: Maybe you meant the first sentence for yourself... In my lifetime, Nigeria will be great. |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Safyqueen: 6:54am On Aug 17 |
Zwooks: Jealousy together with ethno-religio-tribal egocentricity and bigotry can metamorphoses one into being mad. Therefore stop it. |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Oghene86: 7:21am On Aug 17 |
Rossikk: But has the NNPC considered getting the refineries working, refining for local consumption and also exporting to other countries as a means of earning foreign exchange, especially other African countries around us, really don't know why our leaders only think of just stealing and not seeing how they could better the lives of its citizens |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Blitzking: 7:32am On Aug 17 |
Wat dangote is doing now is wat nigeria should have done 4o to 50yrs ago we should have been a G5 Nation by now..with excess cash a high standard of living and virtually eliminating poverty.. some some men decided to steal our common resources and stash in Switzerland Bank acct some men decided to steal...if u look at it now u realise those men were fools what's one person gain compared to what hundreds of million of Nigerian will gain look at Kuwait with the strongest currency in the world. This is pure witchcraft. |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by maasoap(m): 7:32am On Aug 17 |
Zwooks: You are nothing but an economic illiterate. Nigerians had been lamenting lack of just one working refinery over many decades, we saw it as a shame of the nation. Now we have one, not just one but one of the largest ones in the world! Suddenly, una don start your usual pull him down syndrome. May be we even deserve where we found ourselves as Nigerians today, so sad. |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by maasoap(m): 7:36am On Aug 17 |
Blitzking: Nigeria is a one mother fvcking country full of greedy selfish bastards. And their numbers keeps increasing everyday 1 Like |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Teymanhenry(f): 7:42am On Aug 17 |
Zwooks: To tackle inflation and reduce fuel prices effectively, it's crucial for NNPC to provide Dangote with the necessary crude oil and regulate the selling price to marketers. This should be a top priority for any responsible nation. |
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