Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,191,546 members, 7,944,628 topics. Date: Monday, 09 September 2024 at 08:24 PM

Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg (24892 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)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by maasoap(m): 7:43am On Aug 17
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

What's your problem with Dangote exactly? Dangote refinery is Nigeria's pride despite being privately owned. Just pause and imagine the opportunity, Mr fooll! Thousands of direct and indirect employment opportunities for Nigerians. Diesel prices crashed upon coming alive of the Dangote refining of diesel. Marketers are already predicting N600 per litre when it starts refining petrol as against the current N800-850 per litre. You're a morrron!
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by maasoap(m): 7:47am On Aug 17
Guestlander:


Very myopic thinking.
That guy is an ediot. I think he's one of the Nigerians who believe that Dangote establishing manufacturing companies in Nigeria is our problem. They don't see the bigger picture but always envy
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by maasoap(m): 7:52am On Aug 17
Guestlander:


I said you lack vision and foresight. People like Dangote built America, the Vanderbilts, the Rockefellers, the Carnegies. America never worked against them.
In Korea and many other developing countries people like him are encouraged not frustrated.
Africans and their stupid petty hatred.

The fooll doesn't even understand that Dangote provides more employment to Nigerians than FG. He's just an hater
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by maasoap(m): 7:55am On Aug 17
KingOfTheDamned:


Typical Yoruba boy , filled with hate tribalism.and envy.

Waazaga

Stop being a tribalist, we don't need that. The guy could be from your tribe for all what we know. I'm a Yoruba man, I once worked with Dangote before he laid us off and we couldn't get our entitlements. But today, I'm proud of his refinery because it is a source of pride for Nigeria.
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Mandate1: 7:57am On Aug 17
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 point exactly? So how do we beat down the price of fuel in Nigeria?

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by maasoap(m): 7:57am On Aug 17
IamaNigerianGuy:


Exactly. The man is trying hard to position a private business as a national project.

It is not his fault that your nation has been pumping billions of dollars into the bottomless holes called the Nigerian refineries for many decades
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by maasoap(m): 8:01am On Aug 17
Zwooks:


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

I'm glad that sensible Nairalanders decended on you, that they came out to expose your foolishness and turned you into robot with your responses. grin grin grin
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by omonla555: 8:02am On Aug 17
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

For so long months, I have not been paying attention to rubbish people are posting on Nairaland. I am amused with this your post.

Great

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by 1000angstroms(m): 8:08am On Aug 17
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

Did you vote for tinubu?
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by 1000angstroms(m): 8:08am On Aug 17
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 voted for tinubu right?
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by 1000angstroms(m): 8:10am On Aug 17
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

Just imagine the nonsense you are vomiting from your smelly brain.

Emergency lovers of Nigeria.
Because he exposed you scammers.
Agbadorites, enemy of the nation.
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by maasoap(m): 8:10am On Aug 17
Tizu:
We seem to forget that the man Dangote is a brutal merciless monopolist

People perish because they lack knowledge. Many of you lack knowledge and vomit what you hear people saying.
Quite a lots of Nigerians obtained licenses from FG since the era of Obj to establish local refinery but none got the liver to start the project. Dangote came in at a later stage, obtained the licence and hit the ground running. The refinery is still just coming up after over 10 years of continuous spending without production or making any money back from it. How many Nigerians or Nigerian billionaires have that kind of patience? No be importation that guarantees quick returns and gains most of them settled for? You're ignorant and illiterate economically grin grin grin
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by 1000angstroms(m): 8:20am On Aug 17
Adakintroy:
People don't understand how Lagos is about to explode.

Refinery set to take off in lag.

Plus president is from west.
President is from west but has refinery in malta, how will his greed help dangote develop west?
President actually is from irigbiji osun state not lagos, the real lagos owners are crying, lagos wants its own republic free from parasites who don't pay their taxes or contribute nothing to their coffers.
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by sprints1: 8:23am On Aug 17
Rossikk:


I knew a slave would jump to his white master's defence typing irrelevant rubbish.

What has any of this nonsense you typed got to do with Russia facing new competition as a gas supplier to Europe?

The BBC aired an article in 2022 on the opportunity for African gas to help end European dependency on Putin's gas post-Ukraine war.

What? Your white superhuman god Putin is untroubled by this possibility because he has ''fertiliser factories, crude reserves''' or whatever nonsense you typed?


Ukraine crisis: Can Africa replace Russian gas supplies to Europe?

African countries are among those hoping to increase their exports of gas to the European Union, after the EU committed to reduce its reliance on Russian supplies following the invasion of Ukraine.

Russia's suspension of deliveries to Poland and Bulgaria over their refusal to pay in roubles, the Russian currency, was a stark reminder of the threat facing the Eurozone. Russia has the largest natural gas reserves in the world and is the largest exporter, accounting for around 40% of Europe's imports.

The EU wants to cut supplies by two-thirds by the end of the year and become independent of all its fossil fuels by 2030.

However, energy economist Carole Nakhle says that with the combined exports of Africa's big players in the industry - Algeria, Egypt and Nigeria - amounting to less than half of what Russia supplies to Europe, they are "unlikely at the moment to compensate for any losses in Russian supplies".

"The good news is there will be greater interest in countries that already have the resources to replace Russian gas and Africa is in a very good position. We're going to see more investment," she says.

https://www.bbc.co.uk/news/world-africa-61334470
how will Nigeria' oil independence help Europe reduce west' dependency on Russia' oil... Imagine supporting one part of Europe and calling the other the enemy... At this rate neocolonialism should be termed a pandemic in Africa... Imagine thinking people who binded your forefathers in chains will liberate us by buying our oil. Lol
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by 1000angstroms(m): 8:26am On Aug 17
IamaNigerianGuy:


Exactly. The man is trying hard to position a private business as a national project.

But your APC positioned the refinery as one of their promises until he refused them access to stealing from him, booom! Fight started...
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 8:32am On Aug 17
1000angstroms:


Just imagine the nonsense you are vomiting from your smelly brain.

Emergency lovers of Nigeria.
Because he exposed you scammers.
Agbadorites, enemy of the nation.



Low mental IQ. I get
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 8:33am On Aug 17
maasoap:


I'm glad that sensible Nairalanders decended on you, that they came out to expose your foolishness and turned you into robot with your responses. grin grin grin


Muslim. Like we don't know. Every attempt to make Islam gain the upper hand for your father Allah, who is Satan in disguise will never work
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 8:34am On Aug 17
Teymanhenry:


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.


No. It is crucial to function like oil companies of other sane countries not to hand over Nigeria to Dangote. Dangote is a private investment not a national one

1 Like 1 Share

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 8:38am On Aug 17
buzorcharles:


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


I get. Why didn't Dangote make these claims years before now ?
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Believeintruth: 9:04am On Aug 17
Zwooks:




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

Dangote's over confidence that he can sustain the rigged game of government favor, rather became his archiles heel. Normally a private businessman who wants to venture into the world of oil refining and is building a refinery of that size, has to as early as 2 years into the building of the refinery, sort out purchase contracts/agreements with oil companies or countries, but he didn't do that, it could be but to being naive about the industry.

2 Likes

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Jungleluv5: 9:42am On Aug 17
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
Okayyyyyyy I can now see why dangote refinery production is being disturb by the marketer and NNPCL and other oil agencies is because of the European markets which has been distabilzed by dangote refinery and they are now using our own people to do the job. That is how they wanted to destroy Ajaokuta steel company. Hmmmmm Nigeria why??
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by jaxxy(m): 10:31am On Aug 17
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

U don't have a working refinery national or private and someone built one with his own money. The largest in africa and u say we shouldn't give him crude because we want to keep criminal fuel importer cabals running a subsidy scam happy at the expense of the country and its people?

Are u OK? undecided

1 Like 1 Share

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 11:35am On Aug 17
jaxxy:


U don't have a working refinery national or private and someone built one with his own money. The largest in africa and u say we shouldn't give him crude because we want to keep criminal fuel importer cabals running a subsidy scam happy at the expense of the country and its people?

Are u OK? undecided



The oil industry doesn't run on your skewed logic. It is in our national interests not to enable monopoly in our oil sector
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by lolonet: 11:58am On Aug 17
Only the enemies of Nigeria and it's people will call dangote refinery Monopoly of Nigeria.
Bad belle people, if e easy you self go do am.
Competitions are allowed, if you can't stand the man's purchasing power go to hell or go form a conglomerate and compete against him.

Dangote refinery must work.
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by jaxxy(m): 12:00pm On Aug 17
Zwooks:




The oil industry doesn't run on your skewed logic. It is in our national interests not to enable monopoly in our oil sector

Dangote didn’t stop anyone from building refinery so there's no Monopoly. This is why out national refineries are not working so they feed the corrupt fuel importer cabals using subsidy scam at the expense of Nigerians but they will all fail.

This systemic corruption must stop.

A credible Monopoly is far better the systemic corruption and sabotage.

1 Like

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by kanupapilo: 12:38pm On Aug 17
Believeintruth:


Dangote's over confidence that he can sustain the rigged game of government favor, rather became his archiles heel. Normally a private businessman who wants to venture into the world of oil refining and is building a refinery of that size, has to as early as 2 years into the building of the refinery, sort out purchase contracts/agreements with oil companies or countries, but he didn't do that, it could be but to being naive about the industry.

Used to exclusive rights and unfair advantages from corrupt military dictators and corrupt civilian leaders as attested to by Forbes.

He wants monopoly in the oil refining sector.

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by kanupapilo: 12:44pm On Aug 17
jaxxy:


U don't have a working refinery national or private and someone built one with his own money. The largest in africa and u say we shouldn't give him crude because we want to keep criminal fuel importer cabals running a subsidy scam happy at the expense of the country and its people?

Are u OK? undecided
Nigeria government through CBN governor Emefiele who is now under trial for corruption helped him build the refinery and we are not sure of the exact billions contributed.

Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by jaxxy(m): 1:10pm On Aug 17
kanupapilo:

Nigeria government through CBN governor Emefiele who is now under trial for corruption helped him build the refinery and we are not sure of the exact billions contributed.

Who will cough out the $100m he gave lagos state government for the land. Abi that one no follow for the Emefiele corruption?


Or u think say na free land? its part of the billions contributed undecided

1 Like

(1) (2) (3) (4) (5) (6) (Reply)

Serious Fire Outbreak At Ebute Metta, Near 3rd Mainland Bridge / Buhari, A 'Man Of Integrity', Lied Under Oath - Femi Aribisala / Ejigbo In Lagos: A Town Abandoned By The Government.

Viewing this topic: 1 guest(s)

(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. 58
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.