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OLUBI

@xEmman0

southern, Nigeria. Katılım Mart 2024
2.8K Takip Edilen2.9K Takipçiler
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OLUBI
OLUBI@xEmman0·
chat.whatsapp.com/KOhE3ndyH20K4p… If you are a young Nigerian interested in politics, leadership, governance, or the future of our country? Join the group where youths discuss national issues, share opportunities, debate ideas, and stay informed about Nigeria. Your voice matters.
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OLUBI
OLUBI@xEmman0·
@YemmyAj Who's she shouting at first
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Yemi Jacob
Yemi Jacob@YemmyAj·
Alex Otti is woking for Tinubu
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OLUBI
OLUBI@xEmman0·
@ahmedbrown And where did you hear it is opened You clearly don't know something but u just want to talk Even though i agree it can go down than it is currently but get your facts right
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AHMEDBROWN
AHMEDBROWN@ahmedbrown·
🤔Why is fuel still expensive in Nigeria even though the Strait of Hormuz is open and the conflict has ended? When global crude oil prices rise, petrol prices at Nigerian filling stations seem to increase almost overnight. But when crude prices fall, pump prices take much longer to come down. Why? Economists call this the "Rockets and Feathers" effect. Prices shoot up like a rocket when costs increase but drift down like a feather when costs fall. The explanation from fuel marketers is that they must quickly adjust to rising costs to avoid losses on future supplies. But when prices decline, they're often still selling inventory purchased at higher prices. As a result, they wait for cheaper replacement stock before reducing pump prices. Here's a recent example: During the peak of the Strait of Hormuz crisis, Dangote Refinery increased its gantry price by about ₦475 per litre within three months. After the conflict eased, the refinery announced just one price reduction of ₦75 per litre. This leaves many consumers asking a reasonable question: If expected future costs justify immediate price increases, why don't expected future savings bring equally quick price reductions? The answer lies largely in market structure. Nigeria's downstream petroleum sector remains highly concentrated. Dangote Refinery and the NNPCL retail network account for a significant share of supply, while many independent marketers face challenges accessing enough competitive products. In a genuinely competitive market, companies cut prices quickly to attract customers. But when a few dominant players control most of the supply, price reductions tend to happen more slowly. Ultimately, it's ordinary Nigerians who bear the cost of that delay.
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General Diomedes GCFR
General Diomedes GCFR@Abum0nyeIgbo·
@Accoid This is actually the highest the federal government has ever increased school fees.
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Moore
Moore@Accoid·
This is the first time in my adult life that I’m seeing Nigerian students praising the Nigerian government.
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OLUBI
OLUBI@xEmman0·
Final destination ke when i never receive package... Maybe na the movie sha...
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OLUBI
OLUBI@xEmman0·
@TEMITAYO30932 @iam_Mardiyyah You no even sabi the back story.... She borrowed around 1 m to buy wig and phone... Did not repay Deleted the app Then redownloaded only to meet 9m
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OLUBI retweetledi
Favouriteee
Favouriteee@NwodoFavour01·
@xEmman0 Has to be the movie lmaooo
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Tayo⚜️
Tayo⚜️@TEMITAYO30932·
@iam_Mardiyyah People for comment section dey swear for the guy. How many guys una too don help?
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Obirinism
Obirinism@Obinrinism·
Congratulations to Nigerian female wrestlers Esther Kolawole, Christinah Ogunsanya and Jumoke Adekoye on securing scholarship transfers to Iowa State University. 👏
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