Dangote Cement made ₦1 trillion in profit after tax. More than double 2024.
But cement sales actually fell from 27.7 million tons to 27.5 million.
That’s monopoly pricing.
And Nigeria is letting this crime scene continue.
When I got paid last month, I decided to satisfy my strong craving for burger and milkshake. A night has not passed since then where I did not wake up to regret that decision.
My unpopular opinion: if you live in a house that your partner cannot afford to pay the rent when you are down financially, you are better without that partner or without that house. Same thing applies to your children’s school fees. If your partner cannot afford to pay the school fees if/when you are down financially, you are either better without that partner or your kids are attending the wrong school.
In both cases, when/if you are down financially, landlord will send you out or the school will send your kids out of school. When then do you have a partner?
I have treated hundreds of ulcer patients.
One of them told me he had ulcer for 11 years. He blamed eating pepper and went 9 years on bland foods.
One stool test. 2 weeks of antibiotics. Ulcer was gone.
Here is what actually heals peptic ulcers and what is just noise:
One Politician and his ill conceived policies guided by greed and corruption will take your best years from you.
Years that you should be using to build your life and develop yourself, you are using them to just survive and ride out the wave of hardship they put you in.
Ok so this is in a case where the Strait of Hormuz stay opened and no reneging on agreement from either parties.
Before the war, fuel was sold at 840 or so in January to February. Crude price per barrel was 65$.
With the war, what we have seen is price of crude hover over 100 dollars per barrel, and it’s being undulating above and below 100 dollars.
With the opening of the Strait, it has seen a crash and it’s now being sold at around 83 dollars per barrel.
Now, would fuel prices drop back to status quo ante bellum (really felt good using that, but it means as things were before the war), the answer is No, not in the near term.
Global production has being disrupted, refineries were damaged in the war, which means supply of refined products has been disrupted, also supply of crude has being disrupted.
Crude oil Ships travel at around 15 nautical miles (less than 30km/h), now these ships take crude from Middle East, the gulf countries and then deliver it across the world to various countries that have refineries and they have agreements with.
With the closure, back and forth movements has been disrupted, there is a normal supply chain that the war has broken, these ships use months to travel, it is one to get crude to the refinery it is another for it to be processed.
So let’s say the war ends today, Nigeria has a country is not dependent on gulf states for supply of crude, neither is Dangote, he gets his crude from US and Nigeria.
But there is a global need, and there would be a global demand for refined products till normalcy is restored and till supply routes are re-established, which could take some months.
So we are at the mercy of Baba Aliko, Africa as a continent is in demand for petrol, and many country’s reserves are going down, which means there is increased demand for petrol all over the world, and with high demand comes increase in price.
Crude it self has not returned to pre war price; there is demand for petrol, dangote can then decide to sell to the highest bidder 🤭🤭🤭.
Long story short we might not see less than 900 for the next 3 months even if the war ends totally today, we might have some naira chalked off maybe it settles at 1,000, maybe maybe.
It’s all in Aliko’s hand 🙌🙌🙌🙌.
China is leading in hybrid floating solar and aquaculture.
Panels float on lakes while fish, shrimp, and crabs are farmed below, saving land, reducing evaporation, keeping panels cooler, and generating clean energy.
China’s solar power plant in Dunhuang uses around 12,000 mirrors to focus sunlight onto a central tower, heating molten salt to extreme temperatures.
That heat is stored and used to generate electricity on demand, including after sunset.