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.

Zwooks:



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

grandstar:


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.

Zwooks:



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

Zwooks:



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

Rossikk:
Nigeria Is Turning Into an Oil Market Juggernaut
In a finely balanced oil market, Nigeria has suddenly reemerged as a key player.

During the past few weeks, actions by the country’s massive Dangote refinery have moved prices, with purchases of US barrels initially boosting the crude futures curve before a decision to sell them sent oil tumbling.

Once fully operational, the plant outside Lagos will be able to process 650,000 barrels a day, rivaling the largest sites in the US and more than 50% larger than Europe’s biggest refinery.


A look at International Energy Agency data this week shows why that’s so important.

Even if OPEC+ cancels planned supply hikes, there will be a surplus of about 860,000 barrels a day next year. The group currently plans to add 540,000 barrels a day next quarter.

Both figures are close to Dangote-sized swings.

Refinery ramp-ups are complicated, and there’s already been at least one delay. But once the site starts churning out gasoline, it will transform fuel markets in the region and upend long-established trade flows, particularly in Europe, where Nigeria currently purchases much of its supplies.

Aliko Dangote, the billionaire behind the plant, said last month the plan is for it to start producing the fuel in August, though others are doubtful.

“The refinery’s gasoline is unlikely to hit the market until at least September,” consultant FGE wrote this month, citing issues with some of the plant’s units.

Then there’s the question of feedstock.

The facility was built on a dream of Nigeria consuming its own crude. That’s why there was an uproar when Dangote started buying US supplies.

Recently, the country announced plans for its refiners to pay for oil in local currency and to consume as many as 445,000 barrels a day of domestic product. Still, it’s unclear how the latter will happen.

But if it does, that will mean less crude for current buyers, notably in Europe.

It also means that in an oil market focused on war, economic slowdowns and output curbs, Nigeria will be a surprisingly hot topic among traders in coming months.

--Alex Longley and Bill Lehane, Bloomberg News

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

helinues:
Engrish.

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

AutoC:


I wonder how people like you think. Allover the sane world, the government is bound to protect Capitalist no matter how they are perceived as been monopolistic or not. But here in Nigeria, Tinubu and people like you are bent on keeping the country poor while you admire western world. Do you know how much assistance people like Elon Musk get from US government?

Makamatic:
I Laugh in patwa . As them talk good , forget am nothing good would come out highest it will be an employer of labour but those believing the refinery would change a lot of things in the country , we're still in for a very long ride my Country folks .

Barzinime:
You can pack your load and go to Chad.
Some humans are just negative in nature and people like you should be consumed and buried deep for the next millennial fossil fuel.

Makamatic:

Batidiots like u who can't do simple macroeconomics research to weight the pros and cons of a certain milestone project in your country should be shoot on the balls .

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!

Zwooks:
.


You don't know what you are trying to claim knowledgeable about. Go and find out how saner countries treat Monopoly

AutoC:


I wonder how people like you think. Allover the sane world, the government is bound to protect Capitalist no matter how they are perceived as been monopolistic or not. But here in Nigeria, Tinubu and people like you are bent on keeping the country poor while you admire western world. Do you know how much assistance people like Elon Musk get from US government?