Oil Price Rises Above 2016 Budget Benchmark - Business

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Oil Price Rises Above 2016 Budget Benchmark - Business - Nairaland

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Good News For Nigeria As Oil Price Rises To $55.61 / Naira Dips Against Dollar As Oil Price Rises To $48.05 / Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. (2) (3) (4)

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Oil Price Rises Above 2016 Budget Benchmark by mohince(m): 6:22pm On Mar 07, 2016

Global crude oil prices finally surpassed Nigeria’s
budgetary benchmark on Monday, trading above $39
per barrels.
The price of Brent crude – the global oil benchmark –
rose an all-year high at $39.50 on Monday, from $
27.10 on January 20, the lowest for Brent in 2016,
theCable reports.

Last Friday, the price of Nigerian crude rose to a new
record high, selling at $35.76 per barrel, the CBN has
announced. Bonny light had traded around $35 at the
start of the year and thereafter plunged into the 20s,
following a global slump in crude oil prices.
www.naijaparrot.com/crude-oil-price-rises-above-2016-budget-benchmark/

Re: Oil Price Rises Above 2016 Budget Benchmark by pacino26(m): 6:23pm On Mar 07, 2016

Lemme guess, some folks will want an ECA created abi?

Re: Oil Price Rises Above 2016 Budget Benchmark by Nobody: 6:23pm On Mar 07, 2016

Call me when buhari makes it $100 a barrel as he promised us.

Re: Oil Price Rises Above 2016 Budget Benchmark by SUPERPACK: 6:24pm On Mar 07, 2016

Re: Oil Price Rises Above 2016 Budget Benchmark by mohince(m): 6:26pm On Mar 07, 2016

Wailers..... The food is ready. I guess its jollof rice

Re: Oil Price Rises Above 2016 Budget Benchmark by modath(f): 6:38pm On Mar 07, 2016

Mixed feeling...

Wriggle room for reprieve & diversification of this blasted monolithic economy

Apprehension that the past inertia will creep in & everyone will go back to status quo...

#fingerscrossed

2 Likes

Re: Oil Price Rises Above 2016 Budget Benchmark by Trunaijian: 6:41pm On Mar 07, 2016

Thank God.

Re: Oil Price Rises Above 2016 Budget Benchmark by WATCHOVER(m): 6:43pm On Mar 07, 2016

How does this bring food to the average man.

1 Like

Re: Oil Price Rises Above 2016 Budget Benchmark by NgeneUkwenu(f): 6:47pm On Mar 07, 2016

Another Dagger drawn in the hearts of the IPOB Fools...

2 Likes 1 Share

Re: Oil Price Rises Above 2016 Budget Benchmark by seunmsg(m): 6:49pm On Mar 07, 2016

pacino26:
Lemme guess, some folks will want an ECA created abi?

The ECA exist already and once we start selling above budgeted benchmark, the excess will be saved in the account. Against all odds, things are looking brighter for the Buhari administration against the evil wishes of the unpatriotic wailers.

1 Like

Re: Oil Price Rises Above 2016 Budget Benchmark by rozayx5(m): 6:50pm On Mar 07, 2016

NgeneUkwenu:
Another Dagger drawn in the hearts of the IPOB Fools...

seems you dream IPOB, makes you look childish, was Nigeria heaven before IPOB came? undecided

the way IPOB gives you sleepless nights shows they are achieving their objectives undecided

3 Likes

Re: Oil Price Rises Above 2016 Budget Benchmark by UncleSnr(m): 6:56pm On Mar 07, 2016

NgeneUkwenu:
Another Dagger drawn in the hearts of the IPOB Fools...

Ever since I have known you on Nairaland, you have never made any sensible comment devoid of bigotry.

2 Likes

Re: Oil Price Rises Above 2016 Budget Benchmark by jejemanito: 6:59pm On Mar 07, 2016

Hello are we supposed to be celebrating or what?

for fuq sake it only rose to $39 and it is not as if we are gauranteed it wont fall back

1 Like

Re: Oil Price Rises Above 2016 Budget Benchmark by pacino26(m): 7:01pm On Mar 07, 2016

seunmsg:

The ECA exist already and once we start selling above budgeted benchmark, the excess will be saved in the account. Against all odds, things are looking brighter for the Buhari administration against the evil wishes of the unpatriotic wailers.

What does the ECA actually serve? From my question which was rhetorical bro I was imploring counting the chicks before the eggs hatch by our policy makers.

Hope you followed the outcome of the funds from last ECA, good news but our naira needs saving. We have to have a good BOP.

Take one bottle on my behalf, Hennessey to be exact I'll pay when 1$=1#.

1 Like

Re: Oil Price Rises Above 2016 Budget Benchmark by jejemanito: 7:01pm On Mar 07, 2016

NgeneUkwenu:
Another Dagger drawn in the hearts of the IPOB Fools...

With the way you are going, if you are not careful your hatred for IPOB will end up giving you heart attack

2 Likes

Re: Oil Price Rises Above 2016 Budget Benchmark by jejemanito: 7:04pm On Mar 07, 2016

pacino26:

What does the ECA actually serve? From my question which was rhetorical bro I was imploring counting the chicks before the eggs hatch by our policy makers.

Hope you followed the outcome of the funds from last ECA, good news but our naira needs saving. We have to have a good BOP.

Take one bottle on my behalf, Hennessey to be exact I'll pay when 1$=1#.

1 Like

Re: Oil Price Rises Above 2016 Budget Benchmark by anonimi: 7:06pm On Mar 07, 2016

pacino26:
What does the ECA actually serve? From my question which was rhetorical bro I was imploring counting the chicks before the eggs hatch by our policy makers.

Hope you followed the outcome of the funds from last ECA, good news but our naira needs saving. We have to have a good BOP.

Take one bottle on my behalf, Hennessey to be exact I'll pay when 1$=1#.

He may never get paid for that Hennessey oh except our "saviour" delivers on his promise.

www.nairaland.com/attachments/2403078_buharinairatodollarpromise_jpeg536f4a3346e6a689940c6ceb025c51a7

www.nairaland.com/attachments/3431120_cdatausersdefappsappdatainternetexplorertempsavedimages3420191picsart1455886204785jpeg503a9ea978cee321112203705090d494_jpeg42f7ff794fb9c526b6223de620a8596b

Re: Oil Price Rises Above 2016 Budget Benchmark by anonimi: 7:11pm On Mar 07, 2016

Trunaijian:
Thank God.

No. Thank Buhari, our saviour who is stabilising the oil price as he promised. grin

www.nairaland.com/attachments/2186280_buhari2blaugh1_jpegc35d9ea4e30142f9302718e17f58f220

Re: Oil Price Rises Above 2016 Budget Benchmark by seunt4ut(m): 7:19pm On Mar 07, 2016

mohince:
Global crude oil prices finally surpassed Nigeria’s
budgetary benchmark on Monday, trading above $39
per barrels.
The price of Brent crude – the global oil benchmark –
rose an all-year high at $39.50 on Monday, from $
27.10 on January 20, the lowest for Brent in 2016,
theCable reports.

Last Friday, the price of Nigerian crude rose to a new
record high, selling at $35.76 per barrel, the CBN has
announced. Bonny light had traded around $35 at the
start of the year and thereafter plunged into the 20s,
following a global slump in crude oil prices.
www.naijaparrot.com/crude-oil-price-rises-above-2016-budget-benchmark/

$41 not 39

Re: Oil Price Rises Above 2016 Budget Benchmark by ApcSucks: 7:43pm On Mar 07, 2016

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