Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,751 members, 7,955,864 topics. Date: Sunday, 22 September 2024 at 05:20 PM |
Nairaland Forum / Nairaland / General / Business / Nigeria Slashes Crude Selling Prices To Woo Buyers (41578 Views)
Ekiti Oba Slashes Food Prices, Bans Traders’ Associations / Nigeria Slashes Crude Selling Prices To Woo Buyers / CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Nigeria Slashes Crude Selling Prices To Woo Buyers by iwaeda: 7:47am On Mar 24, 2020 |
Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday. https://punchng.com/nigeria-slashes-crude-selling-prices-to-woo-buyers/ 1 Like
|
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by falcon01: 7:48am On Mar 24, 2020 |
wahala dey for naija 19 Likes 1 Share |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by Nobody: 7:51am On Mar 24, 2020 |
UnaToto 26 Likes 1 Share |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by DonFreshmoney(m): 7:54am On Mar 24, 2020 |
Hahaha I no know why this news dey sweet me die.. Nigeria needs to be reformatted to progress.. this should sound as a wake up call to our leaders if we have leaders that have sense. 70 Likes 1 Share |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by iwaeda: 9:06am On Mar 24, 2020 |
DonFreshmoney: This is your country, Lalasticlala 1 Like |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by iwaeda: 11:06am On Mar 24, 2020 |
God will see us through 1 Like |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by iwaeda: 11:06am On Mar 24, 2020 |
UnaToto: What is this? 51 Likes |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by money121(m): 12:40pm On Mar 24, 2020 |
Ok |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by bro4u: 12:40pm On Mar 24, 2020 |
Lol |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by NaijaMutant(f): 12:40pm On Mar 24, 2020 |
Let's brace up for the impact of Corona induced economy. I mean individually restructure our lives to cope with the impact of the impending economic downturn. The government don't really care about you 1 Like |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by NaijaMutant(f): 12:41pm On Mar 24, 2020 |
DonFreshmoney: Our next president after the Kovik-1-9 birus will really have a tough job to do 25 Likes 1 Share |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by FemiMaduka(m): 12:41pm On Mar 24, 2020 |
Nigeria; a very unserious, untidy country. A country that has its priorities wrongly lined up. For decades we've been dillydallying about this issue of economic diversification. We also had restructuring on the table. If we had agreed to restructuring, we would have inadvertently had a multipronged economy. But, alas, this is Nigeria where very few people see beyond their noses (ethnic and religious shackles). Whether we like it or not, crude oil has gone to the dogs. Natural Gas still has prospects, but can we even exploit it efficiently, seeing what mess we made of a far friendlier crude oil. There's a fundamental problem, which clogs the wheels of advancement, with the psyche of an average Nigerian. If you're in doubt, just take a look at how an average Nigerian despises locally manufactured goods. For instance, check the responses to any thread on anything Innoson motors. You'd be appalled. If the Japanese people despised national marques like Toyota, Mitsubishi, Suzuki and Nissan even when they were in their infancy with all the attendant teething-issues, how would they have broken the hegemonic grip that the likes of America and Germany had on the auto-industry. China's aerospace sector piggy-backed on the more advanced Soviet (Russian) analogue. It doggedly reverse-engineered (some times with permission, and without at some point) Soviet (Russian) designs till it was able to hit her breakthrough. All through this time, the Chinese government and people embraced its poorly built, Russian-clones. They stuck to them religiously. Today, they are already threatening to upstage the American aerospace sector. This is what happens when a people know what they want and give what it takes. What do we want? 54 Likes 6 Shares |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by Generalwoodz(m): 12:41pm On Mar 24, 2020 |
Oil boom we didn' t enjoy anything but rather the elites stole all and plunged us into misery Oil price crashes what do you think we happen to the masses There was a country 44 Likes 3 Shares |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by sotall(m): 12:41pm On Mar 24, 2020 |
Lol |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by chukzyfcbb: 12:41pm On Mar 24, 2020 |
This is not good news atall Our cost of oil production is somewhat about $30/barrel, which means we are practically just selling Oil at a loss. What's worst is that, we have no cushion in our reserves to handle this shock and now we are fazed with low revenues. These Saudis are ready to play dirty together with Russia as they learnt from there lessons in 2015 and stored enough for the next oil crash. I won't be suprised if china is capitalizing in this Covid19 and the Oil fight to stack up very cheap Oil enmass Naija no dey ever learn lesson from the past, all we know is share share share consume! 41 Likes 7 Shares
|
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by Zinnywise(f): 12:41pm On Mar 24, 2020 |
How is this the current problem we need to solve ? |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by spafu(m): 12:41pm On Mar 24, 2020 |
Will that help President Abba Kyari recover from Covik One Nine? 9 Likes |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by vincentjk(m): 12:41pm On Mar 24, 2020 |
Me explaining to my future kids what happened in the year 2020 55 Likes 4 Shares
|
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by segebase(m): 12:41pm On Mar 24, 2020 |
Sz |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by TheChameleon: 12:42pm On Mar 24, 2020 |
We are in soup. We need to all start praying this epidemic stops. Otherwise the Poor would come knocking on the doors of the Middle class. The Rich are safely in their fortresses defended by the Poor they feed crumbs. 14 Likes 2 Shares |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by proclinician: 12:42pm On Mar 24, 2020 |
Abba kyari and buhari needs to die first. 4 Likes |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by spafu(m): 12:42pm On Mar 24, 2020 |
Let The Oil Dry It's because of this that we have had useless people undermining themselves, and killing others to rule over us. Once oil gets dry, the quest to steal money will reduce. 9 Likes 1 Share |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by DirtyGold: 12:42pm On Mar 24, 2020 |
What I find amusing with the current oil price situation is the uselessness and toothlessness of OPEC. I mean, does the association only come together to gist and feel good when things are going well? What's tha business? 13 Likes |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by osuofia2(m): 12:43pm On Mar 24, 2020 |
ANY THING THE DULLARD TOUCH NA BAD LUCK. SINCE 1983 HE WAS HOS,NA BAD ECONOMY HIM LEAVE BEFORE IBB BOOT AM COMMOT NOW THAT HE CAME BACK NA FROM FRY PAN TO FIRE. WITH HIS YEYE PROMISES ON DIVERSIFICATION OF THE ECONOMY, NOTHING TO SHOW FOR IT. EVEN SMALL SCALE FARMERS CANT GO TO FARM BECAUSE OF HERDERS THAT HE HAS REFUSED TO DO ANYTHING ABOUT. THE GOOD THING IS THAT WHETHER YOU SUPPORTED D DULLARD OR NOT EVERYBODY DE HEAR AM. ZOMBIES MUST HAVE SENSE 24 Likes 2 Shares |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by jayson87: 12:43pm On Mar 24, 2020 |
Tough times are here |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by todaynewsreview: 12:43pm On Mar 24, 2020 |
Hmmmmm.....not now that the foreign reserve is said to be almost depleted. For your BEDC Prepaid token, DSTV, GOTV and Startimes see my signature. 24/7 service available |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by candidbabe(f): 12:43pm On Mar 24, 2020 |
Good news 2 Likes |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by Nobody: 12:43pm On Mar 24, 2020 |
...so you mean water will soon be cheaper than oil in Nigeria....Saudi slash down the oil price more,render it useless and worthless... 1 Like |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by Sweeetheart(m): 12:44pm On Mar 24, 2020 |
when it was sold $100 pb, $68pb abeg what did I gain or what did common Nigerians gain? no be SUV jeep dem dey use buy for politicians and sponsoring Buhari's unnecessary trip? person dey struggle dey suffer in this country with high and low sale pb of oil. if oil is sold $2 pb is none of my business 21 Likes 2 Shares |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by goldtube(m): 12:44pm On Mar 24, 2020 |
Re: Nigeria Slashes Crude Selling Prices To Woo Buyers by AreaFada2: 12:44pm On Mar 24, 2020 |
Oil needs to go to 5 Dollars a barrel. Politicians have been living beyond our collective means. When politicians get the salaries of teachers and nurses, only dedicated ones will go into politics. Because we won't allow them borrow our futures away from IMF and world Bank to fund their lavish lifestyle. But currently oil is like a mango tree by the main road. Everyone is taking their undeserved share. 16 Likes 4 Shares |
Tony Elumelu's 53rd Birthday Cake (Photos) / Friend Refuses To Pay Twitter User After He Lent Him Money / Hannatu Dantata Talks About Trump Muslim Ban. Cries Out For Help
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 81 |