I believe it would still make petrol cheaper in Nigeria when you remove the shipping cost, expensive labour cost abroad , cut the distribution margin, as well as fees at the ports of Nigeria and the importing country . I expect fuel to sell for about N100 per litre when crude oil
is $40/ barrel , or around N150 when oil is $60/ barrel.

The shipping rate of moving crude oil from Nigeria to the refineries in Europe is $30,000 a day. These companies then add labour cost of refining, electricity bills, taxes, insurance and profit margins to the crude oil.
After which they add another cost of refining the products, taxes at their seaports , insurance , $20,000 daily transport cost of Suezmax.

When a $36/barrel of oil gets to Nigeria ,cost of refined oil and shipping from Europe become about N86.84 per litre , which is $379.37/MT
At the seaport, NIMASA, Jetty Throughput Charge, Storage, Financing, Lightering , NPA ,all combine to move the petrol towards N95.16 per litre.

The distribution margins of say N19/litre is added to make it N114 per litre.But since Dangote is buying directly from Niger Delta
I expect the shipping cost of moving oil to and from (PMS) Northwest Europe or America over many weeks, to be removed.
Also, the extra charges at two seaports will be eliminated. All that expenses out of the way will take out about N20--N30/litre from the cost of PMS locally.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with ᴏᴍᴀsᴏʀᴏ ᴀʟɪ ᴏᴠɪᴇ™☤🇸🇴

ᴏᴍᴀsᴏʀᴏ ᴀʟɪ ᴏᴠɪᴇ™☤🇸🇴 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @OvieSheikh

8 Jun
Seeing tweets that say Atiku will lose woefully if presented is so refreshing,but I know it's not that easy. Because there's no Buhari to provide us with 15 million "sure-banker" votes. The ruling party needs to strategize and try to regain the love of the north. Atiku might win
....If the unrest and bandits attacks continue from now till 2022 [he's the major political beneficiary of the killings ]. PMB needs to build more federal government projects across the geopolitical zones in the north to balance out the widespread projects going on in the south.
The Abuja-Kaduna-Kano road needs expedited action , a new railway in the north needs to be built before the next election. The agricultural programs in the north by Buhari are major plus ,and they need to be consolidated upon. End the banditry or APC will lose the election.
Read 8 tweets
1 Jan
Good "Ebening" Marlians. let's do Grammatical Analysis of this verse :

"وَمَا كَانَ رَبُّكَ مُهْلِكَ الْقُرَىٰ حَتَّىٰ يَبْعَثَ فِي أُمِّهَا رَسُولًا يَتْلُو عَلَيْهِمْ

آيَاتِنَا وَمَا كُنَّا مُهْلِكِي الْقُرَىٰ إِلَّا وَأَهْلُهَا ظَالِمُونَ"
Continuation of the verse here...

And Never did your Lord destroy the cities.

وَ مَا كَانَ رَبُّكَ مُهْلِكَ الْقُرَى

🔹Till ( حَتَّى )

He Sent ( يَبْعَثَ ) The word Yab'asa is naturally (يَبْعَثُ ) Yab'asu in the present tense.
But it became a mansub of (يَبْعَثَ )

because of the latent AN (أَنْ ) after Hatta (حَتَّى /till).

It is Hatta An Yab'asa ( حَتَّى أَنْ يَبْعَثَ ) as a grammar rule.

🔹In Their Metropolis ( فِي أُمّهَا )
Read 13 tweets
24 Dec 19
Arabic Vocabulary
Maa (مَا ) = What?

Haża ( هٰذَا ) = This

Maa Haża ( مَا هٰذَا ) = What is This?

Haża Baytun (هٰذَا بَيْتٌ ) = This is a House
A! ( أَ ) is put before a sentence to ask question.

Ä Haża Baytun? ( أَ هٰذَا بَيْتٌ ) = Is this a house ?

Na'am ( نَعَمْ ) =Yes, Haża Baytun ( هٰذَا بَيْتٌ ) , This is

Maa Haża ( مَا هٰذَا ) =What is This?
Haża Qameesun ( هٰذَا قَمِيصٌ )This is a shirt.

Ä Haża Sariirun (أَ هٰذَا سَرِيرٌ ) = is this a bed ?
Laa ( لَا ) = No,Haża Kursiyun( هٰذَا كُرْسِيٌ )This is Chair.

Ä Haża Miftahun( أَ هٰذَا مِفْتَاحٌ )Is this a Key?

Laa ( لَا ) = No, Haża Qalamun ( هٰذَا قَلَمٌ ) This is a Pen

Maa Haża ( مَا هٰذَا ) = What is This? Haża Najmun ( هٰذَا نَجْمٌ ) = This is star
Read 11 tweets
19 Dec 19
In Arabic there are three 3 endings of a Noun( vowel signs on the last letter of a word) to show their functions.

E.g. ٌ dun, ً dan, ٍdin.

1. Muhammadun (مُحَمَّدٌ) Muhammed.
2. Muhammadan (مُحَمَّدً) Muhammed.
3. Muhammadin (مُحَمَّدٍ) Muhammed.

The first ending in ( ٌ dun) is called Marfu ( مَرْفُوعٌ) or Nominative Case and can be a subject.

The second ending in (ً dan) is called Mansub ( مَنْصُوبُ) or Accusative, and can be the object or a verb.

The last one ending in ( ٍٍ din ) is called Majrur ( مَجْرورٌ) ...

.......which be a possessor of a thing or coming after preposition.


Nominative, the noun ending takes Dammah.
Żahaba Muhammadun ila Suqi ( ذَهَبَ مُحَمَّدٌ إلى السُّوقِ ) Muhammed went to the Market.

Read 9 tweets
16 Dec 19
[#1] Introduction to the Grammar of Quran for Beginners

أهلاً و سهلاً و مرحباً (#Ahlan_Wa_Sahlan_Wa_Marhaban/Welcome)

دروس اللغةالعربية (#Durus_al_Lughah_al_Arabiyyah/Lessons in Arabic)

In English we have 8 Parts of Speech namely: Noun,Pronoun,Verb..
[#2]... Adverb,Adjective,Preposition, Interjection and Conjunction.
In Arabic there are only 3 Parts of Speech:


Verb= فِعْلٌ=filun

1. Particle=حَرْفٌ= harfun
And all these three play the functions of the English 8.

Particles: حَرْفٌ= harfun, contains:
✅Adverb=ظَرْفٌ= Zarfun.
✅Interjection = إسْمُ الفِعْلِ = Ismu al_Fili.

Preposition =حَرْفٌ جَرِّ = Harfun jarrin , and
Conjunction = حَرْفٌ عَطْفِّ= Harfun atfin.

2. Verb= فِعْلٌ=filun is the same as English Language.
3. Noun=إسْمٌ=Ismun , encompasses:
Read 11 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!