missionmex:
the Nigerian youth will now have more welfare package to enjoy.

akelicious:
With the declining United States crude oil inventories, the price of oil thursday hit $74 per barrel, its highest in nearly four years as Saudi Arabia moved to push for a price rise of $80 -$100 per barrel.

Reuters reported that Brent crude futures reached $74.74 per barrel yesterday, the highest since November 27, 2014 while U.S. West Texas Intermediate (WTI) crude futures were up 53 cents at $69.00. WTI had earlier hit $69.56, its highest since November 28, 2014.


It was exactly on November 27, 2013 that the Organisation of Petroleum Exporting Countries (OPEC) decided to pump as much as it could to defend market share, an action that sent the price of oil to a low of $27 per barrel in February 2016.

With the drop in oil price to an all-time low, OPEC and other major producers including Russia started to withhold output in 2017 to rein in oversupply that had depressed prices since 2014.

The production-cutting pact between the OPEC, Russia and other producers has given strong tailwind to oil prices.
OPEC’s main objective for the cuts is to eliminate a global surplus in oil stocks and rebalance the market.

OPEC, together with Russia and a group of other producers, last November extended an output-cutting deal to cover all of 2018.
The current deal, under which OPEC and non-OPEC producers are cutting supply by about 1.8 million barrels per day, expires in March 2018.

OPEC and its partners will meet in Jeddah, Saudi Arabia, on April 20, 2018. The cartel will then meet on June 22, 2018 to review its oil production policy.

Reuters reported on Wednesday that top oil exporter Saudi Arabia would be happy for crude to reach $80 or even $100 a barrel, which was viewed as a sign that Riyadh will not seek changes to the supply pact.

Since the start of the supply cuts, crude inventories have declined gradually from record highs towards long-term average levels.
In the U.S., the Energy Information Administration (EIA) said on Wednesday that commercial crude stocks fell close to the five-year average of about 420 million barrels.

Also supporting prices is the possibility that the U.S might re-impose sanctions on Iran, OPEC’s third-largest producer, which could result in further supply reductions from the Middle East.

But some analysts saw limits to the bull market. After falling from an all-time high of $147 per barrel in July 2008, Brent crude price had hit a peak of $115 per barrel in June 2014 before the excess inventory in the oil market forced the price down to $27 per barrel in February 2016.

WTI also reached a peak of $105 per barrel in June 2014 before the sharp drop in oil prices.

http://www.akelicious.net/2018/04/crude-oil-price-rises-to-74-highest-in.html

TheCabal:


Lazy Nigerian youth.

Flexherbal:
Hope those in charge make a very good use of it.

comshots:
I am not lazy.Even buhari knows. He is only referring to his Fulani brothers.

comshots:
We have crude oil in our backyard still we are living in'except politicians' penury.

“More than 60 percent of the population is below 30 (youth), a lot of them haven’t been to school and they are claiming that Nigeria is an oil producing country, therefore, they should sit and do nothing, and get housing, healthcare, education for free.” - Buhari

Flexherbal:
Hope those in charge make a very good use of it.

somethinggood:
Barely 8 months to the end of this regime, crude oil is gradually bouncing back. Even the price of crude oil is against this government!

tayebest:


I think this is what Buhari is talking about! All our mind is still in this "our oyel" mantra. it's not really about what Nigeria have for you, but what you have for Nigeria.

Read Buhari quote again and relate it to what you posted here. The man is indeed saying the truth!

comshots:
When have the youths ever benefited from any government policy before and now?

somethinggood:
Barely 8 months to the end of this regime, crude oil is gradually bouncing back. Even the price of crude oil is against this government!

nwakibie3:
President Muhammadu Buhari has said his major weakness lies in not knowing how to make money.

He also disclosed that he even borrowed money to build his three houses in Daura, Abuja and Kaduna.

The President made this known while speaking on his assets during an Interview with Sun Newspaper.

According to him, “When Murtala/Obasanjo regime came, they made sure that certain grades of public officers must declare their assets when they assumed that office and they must declare when they were leaving. So, when I was sworn in as governor of North East, I declared my assets.

“I declared surprisingly, even the number of my cows then. Even if they were supposed to be producing every year, but I declared them the time I was there. And when I was leaving governorship, I became petroleum minister.

“When I was leaving to go to War College, I declared my assets. I could recall General Jemibewon then, was the Adjutant-General of the Army. He rang me and said he was sending me asset declaration form, that I must fill it, sign it before I left for the United States. And I did.

“General Jemibewon is still alive. And when I became head of state eventually, I declared my assets again.

“So, if you people are serious and interested about political officers becoming multi-billionaires, you can find out from Murtala downwards. And those of us who were not very good in making money you should pity us.

“Everybody likes money but I am not very good at making money. Let me put it that way. I borrowed from the banks to build the house in Daura and the one in Abuja that you mentioned and the one in Kano. The bank then was Barclays, now Union Bank. Kaduna State or North Central then housing scheme and the Federal Mortgage Bank for the house I am in and AIB, which was, I think, terminated by Central Bank. So, when you go through the records, you find out that the houses I built, I borrowed from there.”


http://dailypost.ng/2017/12/19/dont-know-make-money-buhari/

tayebest:


I think this is what Buhari is talking about! All our mind is still in this "our oyel" mantra. it's not really about what Nigeria have for you, but what you have for Nigeria.

Read Buhari quote again and relate it to what you posted here. The man is indeed saying the truth!

comshots:
Don't I pay my taxes while the politicians,including you,steals everything?

GaggleNSwallow:
I pray it rises to 100 dollars per litre so I'd know which excuse APC will come up with next for being a colossal failure.

comshots:
Don't I pay my taxes while the politicians,including you,steals everything?

Quality20:
good enough money for all those lazy Nigerian youths Buhari was talking about. Asari Dokumbo , Tompolo Government, Avenger youths and other lazy youths will b very happy with this news. All they do is wake up take alcohol, do cult ,sleep with girls n check their accounts

Cromcruach91:


Taxes don't amount for a large part of government expenditure/budgets...oil revenues do.(That's why our budget is pegged to the oil price...because of that dependency.).

If govt was really dependent on your taxes, they won't be stealing....because by now they would be in serious trobule if they do. Since they rely on oil revenue and not on your tax...stealing becomes easier.

Zico5:
And with the rise in oil price Bubu still could not achieve anything. I wonder what he will use as campaign strategy. Down the south here it's surely finished for him. Many elites will never vote for sympathy or ineffectiveness. The cow rearing pigs up north are the major problem of this country. They could hardly differentiate between left and right and that is why Bubu will always be their god. How on earth could a sane person root for 75year old pig that knows nothing than chewing goro. Down south we shall try our best to remove him, may God bless us

GaggleNSwallow:
I pray it rises to 100 dollars per litre so I'd know which excuse APC will come up with next for being a colossal failure.

Flexherbal:
Hope those in charge make a very good use of it.