Agbalowomeri:


Una just dey hate for nothing
The pricing is entirely on NNPCL plate. From the statement made by the company, it is obvious that NNPCL was only truthful by half.

We will wait till October to see how far

rmx:


Dangote is trying to be smart by half and not look bad to Nigerians with the high price . He said absolutely nothing in that statement

Simply tell us what price you sold to nnpc , you sold to them in dollars , won’t it be converted to naira for consumers to buy in Nigeria

Probably waiting till October when he receives crude in naira , even at that, pricing might just be slightly better . The exchange rate is the Koko , that determines everything . All this things are simple basic economics , except there is a subsidy element

Will love to be in dangotes shoes , his feasting has just begun

rmx:


Hate ke , loving his moves , it’s the move that gullible Nigerians believe , I don tell una reality

He should come out and state the Price he sold to them if it’s a lie . Very simple , don’t we know the price he sells diesel , aviation fuel etc .

I tell people i bought from you 1 naira and provide my evidence , you say No you dint , then tell us how much you sold it and your evidence . All So basic . I sign out on this

rmx:


Hate ke , loving his moves , it’s the move that gullible Nigerians believe , I don tell una reality

He should come out and state the Price he sold to them if it’s a lie . Very simple , don’t we know the price he sells diesel , aviation fuel etc .

I tell people i bought from you 1 naira and provide my evidence , you say No you dint , then tell us how much you sold it and your evidence . All So basic . I sign out on this

Agbalowomeri:


Has the government hands off from PMS? The company also has to be diplomatic. At least they both agreed now that Dangote Refinery has yet to receive the crude promised in naira which is the hidden information that the NNPCL did not provide

chimex38:

All these back n fort disclaimer within few days.
becoming an Abuse of PR (Public Relations).

That's how we Nigerians swallow every data released by NNPC when they were both sole importer/Regulator...
(we no get choice) From fuel consumption, to import cost, etc.
I wonder how their Financials would have been if they were listed. They need serious external auditors to act right.

Sunrisepebble:
A private equity firm that holds about 20% of the shares outstanding. They invested in the company a while ago, I think around #300 levels and are now looking to exit having made significant returns on their investment. Rumor has it that it could even be them pushing for the NGX listing for ease of exit (more traction/liquidity on NGX). But I doubt they can just dump their shares on the market like that, so I don’t think it’s anything to worry about as of yet, they will have to find a strategic buyer for the volume they hold and I have it on good authority that they will do an offer for sale

bovali:




Observe with me. Note: Not financial advise:
https://www.oandoplc.com/press_release/oando-energy-resources-completes-landmark-acquisition-of-conocophillips-nigerian-oil-and-gas-business-for-us1-5-billion/

https://www.oandoplc.com/press_release/oando-plc-completes-783-million-acquisition-of-enis-subsidiary-nigerian-agip-oil-company-naoc/
Cause I’ve seen so many back of the envelope calculations. Shine your eye. Go back to 2013/14 of this NSEMPA. No difference between then and now.

Agbalowomeri:


Has the government hands off from PMS? The company also has to be diplomatic. At least they both agreed now that Dangote Refinery has yet to receive the crude promised in naira which is the hidden information that the NNPCL did not provide

rmx:


Hate ke , loving his moves , it’s the move that gullible Nigerians believe , I don tell una reality

He should come out and state the Price he sold to them if it’s a lie . Very simple , don’t we know the price he sells diesel , aviation fuel etc .

I tell people i bought from you 1 naira and provide my evidence , you say No you dint , then tell us how much you sold it and your evidence . All So basic . I sign out on this

chillykelly86:


The actual thing to do is for NNPC to also reveal how much they are paying for PMS imports currently (since 16.8 million litres purchased from Dangote Refinery isn't enough for local consumption). NNPC is just trying to put DR on the spot vs Nigerians. You import at over #1,100/litre and subsidize it to sell at circa #840. Then you buy a better quality of the same product at less than your import price but because you don't want DR, you prefer not to pay a lower subsidy so that you can keep importing in order to pay a higher subsidy. The problem is that we don't seem to see through what they(NNPC) are doing.

godlyguy:
You can all see that Oando and their marketers don't seem to have the sincere interest of their shareholders at heart.

They don't mind circulating old news just to market it. The politics around it and media hypes is what people are buying for the moment so they have to keep dishing out recycled news to keep the price within a particular range until it gets to their target so they can raise funds from the same people that have not benefited anything since they started this wayo years back. I pity the unsuspecting. You are dealing with manipulative heavy money bags

New entrants should be very careful of this government, Oando and their many marketers here and on many other fronts. See what the government is doing to Alhaji ref. And you want to believe them on this Oando packaging? Someone said E go cast and everyone wants to swallow him.

Safeguard your capital/money newbies until they do the needful and not just selling hopes in hopeviles by whatever means possible

Be wise

ositadima1:



You sound like a grandpa who would warn you against drinking soft drinks without explaining the nuances of diabetes. I doubt he fully understands the complexities of the disease, just seeing it in black and white.

Have you heard of the concept of risk parity? This investment strategy rebalances and diversifies a portfolio based on overall risk, not just proportions. Allows investors to include riskier assets if it doesn't increase the portfolio's overall risk, potentially reaping higher returns.

For example, I did my "double your money" challenge with Oando when it was trading at 15 something. While 500k is a significant sum (maybe not ), even a 50% loss wouldn't have significantly impacted my entire portfolio.

My point is that no stock is inherently bad. What matters is your investment approach. There's nothing stopping a beginner from investing in riskier assets, as long as they fully understand the risks involved.

chillykelly86:


The actual thing to do is for NNPC to also reveal how much they are paying for PMS imports currently (since 16.8 million litres purchased from Dangote Refinery isn't enough for local consumption). NNPC is just trying to put DR on the spot vs Nigerians. You import at over #1,100/litre and subsidize it to sell at circa #840. Then you buy a better quality of the same product at less than your import price but because you don't want DR, you prefer not to pay a lower subsidy so that you can keep importing in order to pay a higher subsidy. The problem is that we don't seem to see through what they(NNPC) are doing.

godlyguy:
You can all see that Oando and their marketers don't seem to have the sincere interest of their shareholders at heart.

They don't mind circulating old news just to market it. The politics around it and media hypes is what people are buying for the moment so they have to keep dishing out recycled news to keep the price within a particular range until it gets to their target so they can raise funds from the same people that have not benefited anything since they started this wayo years back. I pity the unsuspecting. You are dealing with manipulative heavy money bags

New entrants should be very careful of this government, Oando and their many marketers here and on many other fronts. See what the government is doing to Alhaji ref. And you want to believe them on this Oando packaging? Someone said E go cast and everyone wants to swallow him.

Safeguard your capital/money newbies until they do the needful and not just selling hopes in hopeviles by whatever means possible

Be wise

chimex38:
https://www.vanguardngr.com/2024/09/dangote-fallout-scotlands-only-oil-refinery-to-close-next-year-400-jobs-to-go/amp/

Fallout from Dang Refinery.
Safe to say Dangote is a wicked sombori .

One man's food is another man's poison.

BullBearMkt:

lol!
Many of these countries are transitioning from fossil fuels into renewable and cleaner energy sources. So, they'll be happy for Dangote...

olig:
Honestly!

Even me, 'I am tired on behalf of Dangote".

Is Dangote the regulator of downstream again?

If at all we really want progress, I expect a live board (online based) to be up and running by now. To see the amount lifted per hour (if not per minutes), and at what rate and the destination. Each filling station in Nigeria should have a code.

Yet, our problem is the one who is trying is very best to contribute his own little (which is more than government's effort).

Maybe Alhaji Aliko Dangote should close up his refinery, cement, sugar, etc factories. Everyone will be happy by then.

Even if Dangote is greedy, government's role is to check him by bringing in transparency. Dangote is not afraid to tell Nigerians he is going to sell PMS higher than the current rate. However, he has said that NNPC and/or FEC will determine the price. What else? NNPC should just be plain with whatever they are saying. NNPC should show us the invoice and receipt for the PMS lifted so far. That alone will solve the problem.

Dangote is just being careful. He didn't want to "indict" NNPC directly, because he can not fight them. That is why he refused to mention a price; and since is the government that determines the price.

FYI, I am a yoruba man, but God forbid that I support what is not right, even if it favours me. So, don't think "he is from the north".

Agbalowomeri:


Has the government hands off from PMS? The company also has to be diplomatic. At least they both agreed now that Dangote Refinery has yet to receive the crude promised in naira which is the hidden information that the NNPCL did not provide

rmx:


Once more, and we are talking current supply ….., not October

The current refined petrol nnplc bought is gotten from the crude dangote imported or purchased in dollars , dangote sold in dollars to nnpc consequently , nnpc converted to naira at 1637 and its 898 , they have added other cost to arrive at 950 for lagos etc

Dangote should come out and tell us I did not supply to nnpc at 690$ /tonne and 46$ / tonne premium for this current supplies

When they start selling crude to him in naira , another costing will be done then in October but for now the above applies , I think it should also be obvious why there is this contention between dangote and nnplc , it’s not for the benefit of Nigerians , it’s because power has changed hands 😊😊

KarlTom:
Your points are very valid....for an ideal setting.

Sadly we are not in one of such....

The bolded is probably one of the last things we might see materialize

KarlTom:
This is the bone of contention.

Without taking sides, I can say that DANGREFINE and NNPCL might not be out of line to keep the current lifting price a 'trade/contractual secret'

After all the current produce from DANGREFINE are acclaimed not to be from the NNPCL-supplied crude.

PS.
The attached shows that NNPCL has actually supplied DANGREFINE some crude (not sure of its authenticity)

OakPearl:
Whenever you hear Dangote Sugar, stop thinking of cubes of sugar. Remember you are talking about a refinery!

megawealth01:


Secrecy everywhere until Alhaji provoke

Agbalowomeri:


Abeg make he continue to provoke

We are getting there gradually

megawealth01:


The last time he provoke we found out he didn't get the massive land free as government made us believe