“Superman the superhero is a fallen angel. His real name is Kal El. Mention the names of angel that you know; Michael, Gabriel. See they all end with ‘El’. He is a demon they made you love with storytelling. Moses was a water bender, Elijah a fire bender.”
— Pastor Apostle Iren
Tinubu's government has spent over 11.9 trillion on what they call energy security expense! According to them, this is to make sure Nigerians have access to fuel and other energy products!
For context in Buhari's 8 years, 11 trillion was spent on fuel subsidy, but we were buying fuel at 187 Naira per liter.
Today, we are buying fuel at over 1,300 Naira, and we have spent more on this so-called energy security expense in two years than in years of Buhari paying subsidies.
This country is run by criminals!.
-Trikytee
This government has lost it again.
This happened yesterday and every Nigerian needs to understand exactly what it means.
Dangote Refinery officially transitioned to dollar-denominated pricing effective July 13, 2026. Petrol now sells at $0.779 per litre through the gantry, diesel at $1.087 per litre, and aviation fuel at $0.942 per litre. All previously issued naira invoices have been declared invalid.
This is the honest explanation of why this happened.
NNPCL has been supplying Dangote with a growing volume of crude oil under dollar-denominated arrangements rather than naira. The resulting currency mismatch between what the refinery pays to procure crude and what it receives from selling refined products created significant foreign exchange exposure that became unsustainable.
In plain English, Dangote was buying crude in dollars but selling petrol in naira. With the naira volatile and crude prices fluctuating globally, he was absorbing exchange rate losses on every transaction. That is not a business model any private investor can sustain indefinitely.
Now here is what this means for ordinary Nigerians.
The new pricing structure means fuel costs will now depend directly on the prevailing naira to dollar exchange rate. If the naira appreciates, marketers pay fewer naira per litre. If the naira depreciates, the naira cost of every litre automatically rises. Fuel pricing could become more dynamic with marketers adjusting prices more frequently in line with foreign exchange movements.
The immediate concern is clear. If the naira weakens, petrol prices go up. Your pump price is now permanently tied to the CBN’s ability to defend the exchange rate.
Economists warn that increased demand for dollars by fuel marketers could put additional pressure on Nigeria’s foreign exchange market, potentially weakening the naira further if foreign currency supply fails to keep pace.
The naira-for-crude policy that helped stabilise fuel prices is now effectively dead at the Dangote level. The government allowed the dollar-denominated crude supply arrangement to grow without addressing the mismatch, and Dangote eventually did what any rational business would do. He protected his revenue.
The lesson here is not about Dangote. He built a private business and he has every right to price it in whatever currency makes commercial sense. The lesson is about Nigeria’s government, which celebrated the naira-for-crude initiative as a major policy win in 2024 without building a framework resilient enough to sustain it when crude supply conditions changed.
Your fuel price is no longer just a refinery decision. It is now a foreign exchange decision. So I will tell Nigerians to watch the naira closely.
Bishop Oyedepo has spoken like one of the prophets of old. He has passed the most important message. He said, “get your PVC, secure your future!” WOW! WOW! WOW! 👏
Egejurum Onyedikachi shares his experience winning the gold medal at the International STEM Olympiad Grand Final in Rome.
He is the best in the world in the Mathematics Primary Category.
He is a genius.
Don Anele Munachimso won 2 gold medals yesterday at the International STEM Olympiad.
He is currently the world’s best in Maths and Sciences.
He is also the best in IGCSE in Nigeria.
What a brilliant youngster!
More good news.
Don Anele Munachimso also won gold in Science.
He is the best in world science.
Remember, he is the best in IGCSE Chemistry in Nigeria.
The investment is worth it.
"With the way this government is going, I may not even be alive to contest the 2027 election. Every single thing I do for a living, this government is deliberately frustrating. I face frustration every day. They recently locked my car at the airport."
—NDC presidential candidate, Mr. Peter Obi
“We need strong institutions, not strong men” — Young Nigerian Diseye Jana delivering a well-thought-out and powerfully articulated poetry piece on leadership and governance in Nigeria.
Instagram - @Diseye_jana
Another Harmless gist 😅
Ali Modu Sheriff, a prominent Borno politician and a 2-term governor of the state, appeared on Channels TV to discuss politics and 2027.
During the discussion, he alleged that Peter Obi is a supporter of IPOB because he doesn't condemn their actions.
The host,Seun asked him that since he, Ali Modu Sheriff, has never condemned the actions of ISIS and Boko Haram, is it safe to say he's a supporter of terrorism?
Ali Modu Sheriff said he's own case is different, that he's not contesting for president; it is Peter Obi that is running for president.