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Nairaland Forum / Nairaland / General / Politics / NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale (13869 Views)
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NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by Paraman: 10:20am On Feb 29 |
The Nigeria Liquefied Natural Gas Limited, on Wednesday, announced that its annual production of Liquefied Petroleum Gas, popularly called cooking gas, has increased to over 1.5 million metric tonnes. https://punchng.com/nlng-grows-lpg-production-to-1-5million-tonnes-begins-naira-sale/?amp 8 Likes 2 Shares
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Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by Paraman: 10:23am On Feb 29 |
Paraman:A very good move by the tinubu administration. The next is for Nigerians to be able to buy crude within Nigeria in naira. 30 Likes 4 Shares |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by kokoA(m): 10:29am On Feb 29 |
I don't understand why Nigerians require dollars to buy something in Nigeria in the first place. Isn't this a crime? 90 Likes 6 Shares |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by IgbosCriminals: 10:29am On Feb 29 |
Omo, This is commendable!! Everything about Nigeria is dollars. What has happened to our naira and kobo? Some enemies of our dear nation (or should we call them emergency lovers of the zoo) keep giving us update on the exchange rate of dollar to naira as if dollar is our currency but as naira come dey appreciate now e come dey pain them again 84 Likes 5 Shares |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by RenaissanceGuy: 10:29am On Feb 29 |
Good. There was no sense selling it in dollars in Nigeria in the first place. So, when is it going back to around ₦6000 for 12kg cylinder?? 44 Likes 2 Shares |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by Savedday2: 10:37am On Feb 29 |
They are selling in Naira, but why is the price of cooking gas increasing? Pls, anybody with reasonable explanation should help. 20 Likes 1 Share |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by jmoore(m): 10:40am On Feb 29 |
Paying the naira equivalent of dollars is the same thing. Are they selling at a lesser price should be the point. 22 Likes 2 Shares |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by jamesversion: 11:06am On Feb 29 |
Sometimes I wonder what those of us living in Port Harcourt gain from this city. NLNG and Port Harcourt refinery is in PH, yet the prices of petrol and gas is even higher than some states in Nigeria. 18 Likes 3 Shares |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by pocom16: 11:16am On Feb 29 |
Wonderful They need to make the gas more available to power plants https://www.youtube.com/watch?v=Ipv0Mt75Ipk |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by airsaylongcome: 11:16am On Feb 29 |
kokoA: It isn't. It's how the petroleum industry works. It's products are priced in USD worldwide 1 Like |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by Nbote(m): 11:17am On Feb 29 |
The government and the NNPC have always been an evil entity and this confirms it. How can you produce cooking gas here in the country and knowing fully well that all you produced is consumed by Nigerians, you somehow sell to the same Nigerians using current dollar rates to the naira. Isn't that wickedness 24 Likes 3 Shares |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by israelmao(m): 11:17am On Feb 29 |
Tinubu will only regain his lost popularity if he tackles hunger in real-time,a hungry man listens to no appeal however with the increase in gas supply and transaction being carried out in naira I believe electricity supply will increase and cooking gas price will be on downtrend. 2 Likes |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by Basic123: 11:17am On Feb 29 |
jamesversion:Nigerians are wicked people. Not only the government 46 Likes |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by kokoA(m): 11:19am On Feb 29 |
airsaylongcome:But there's no penalty for pricing in the local currency of the producing country for domestic sales right? 2 Likes |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by Tradepunter2: 11:20am On Feb 29 |
Good let the foreign customers use their currency to chase naira..... In order to get the product 2 Likes |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by CountinBlessins(m): 11:21am On Feb 29 |
STOP!! STOP!!! STOP !!! THIS IS NOT A CAMPAIGN!!!! STOP TELLING THE MEDIA, WE WILL, FG WILL, FG HAS, FG MAY, FG HAS DECIDED TO!! STOP!!! TAKE THE STEPS AND WHEN THE CHANGES ARE FELT BY THE COMMON MAN THEN LET THE GOVERNMENT ANNOUCE THE STEPS THEY TOOK TO MAKE THESE CHANGES BEING SEEN BY THE COMMON MAN!!! THESE ANNOUCNEMENTS ARE SO ANNOYING WHEN THESE CHANGES ARE NOT FELT BY THE COMMON MAN, IT IS ALL LOOKING LIKE PROPAGANDA 5 Likes |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by airsaylongcome: 11:21am On Feb 29 |
kokoA: None. They just convert the USD price to local currency at the prevailing rate on the day |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by 1bunne4lif(m): 11:21am On Feb 29 |
Will it bring the price of cooking gas to the lowest minimum? 1 Like |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by merits(m): 11:22am On Feb 29 |
Paraman:Good one EFOKAN BALE 1 Like |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by derecho(m): 11:22am On Feb 29 |
Tinubu thinks Nigerians can be deceived. What the average man want to see is, this product was say 100naira during Buhari's time but it's now 40naira. 1 Like |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by oluwaseyi0: 11:22am On Feb 29 |
Anything dollar sale should be scrapped across all sectors 1 Like 1 Share |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by JoJonest: 11:23am On Feb 29 |
Hopefully this move will reduce the price 1 Like |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by Skillsnigeria: 11:24am On Feb 29 |
Hmmm |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by merits(m): 11:24am On Feb 29 |
kokoA:It's over Sabi and corruption caused it. |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by ironheart(m): 11:24am On Feb 29 |
Nice move |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by lexy2014: 11:25am On Feb 29 |
IgbosCriminals: how is "everything" about Nigeria dollars? |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by Tradepunter2: 11:25am On Feb 29 |
1bunne4lif: Hopefully it should..... Because more foreign currency chasing naira will increase naira value.... Which I guess will lead to increase in our revenue and dollar storage for other economic activities..... It will also destroy that demonic activities of businesses with in Nigeria using dollars to transact within themselves 1 Like |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by LandMann: 11:26am On Feb 29 |
You're selling crude oil and gas in dollars on one hand in a country where Naira is the official currency then blaming Binance for your woes on the other hand. Where do you expect domestic producers to get dollars from? Why did you create a market for dollars in your economy by charging for goods and services in dollars? Lets not forget that customs was also charging Nigerians in dollars o. Dollars! In a country where naira is the official currency! This is why you see the huge volume of trade in USDT vs the naira. Companies set up accounts to buy USDT which dey later sell for USD to facilitate their business transactions in Nigeria since they were being charged in dollars through various government agencies (customs), companies (those selling crude oil to domestic modular refineries and those selling LPG to Nigerian buyers for use in Nigeria). But the government through Cardoso the unqualified CBN governor favoured because of his tribe is dishing out propaganda that Binance is to blame. Na God go punish all of the people advising the government to promulgate policies to frustrate Nigerians |
Re: NLNG Grows LPG Production To 1.5 Million Tonnes, Begins Naira Sale by 1bunne4lif(m): 11:26am On Feb 29 |
Tradepunter2:so why wasn't it implement before now since it's what will make Naira relevant. 1 Like |
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