Walk with me:
If crude oil is procured weeks or months before it is processed, under commercial contracts linked primarily to monthly average pricing mechanisms, can they explain this:
US struck Iran on 28th February. By March 2nd, Dangote Refinery increased ex-depot price by ₦100 to ₦874/L.
11 days later (March 13), the ex-depot price was increased from ₦874/L to ₦1,175/L. An increase of N401/L in 11 days.
So, if crude oil is procured weeks or months ahead, and the ex-depot price reacted upward instantly to market shock, why is it not reacting downwards at the same rate after oil prices crashed?
All the students who came forward as eye witness have been expelled. Over twenty of them. Other parents are keeping quiet. It’s Nihal today it can be your child tomorrow.
A whole Major General being held captive and dying in the hands of bandits. The country he served for the better half of his life watched and did nothing. Allah Ya isan mu