Am I the only one that doesn't understand shishi about SUBSIDY?

I hear it everywhere
But i don't even know what it means

Opec should be mindful

Lionstep:
Ok....how I wish oil can just dry up in Nigeria

Nigeria doesn't have oil

rainmoredays:

I bet Buhari doesn't have a clue if the cut will affect Nigeria positively or negatively.
.

At this point Baba just wants to go back to his farm in Daura. Nigeria is on auto pilot.

God1000:
I think Saudi Arabia is purposely doing this to spite Washington, Biden should withdraw all US troops from Saudi Arabia and place sanctions on them

Sanctions still dey work so.

LUAN1:
Nigeria doesn't have oil

Whaaat? Na refinery be naija problem. Oil dey ground plentyyyyyy

Which of the pairs will u buy and which of the pairs will u sell this week with this kind of news

KOLLYPROF:
That's a good move
For those into forex trading, that's a good opportunity to buy

God1000:
I think Saudi Arabia is purposely doing this to spite Washington, Biden should withdraw all US troops from Saudi Arabia and place sanctions on them

lol. The perfect opportunity that China is waiting for. This is no longer a unipolar world.

God1000:
I think Saudi Arabia is purposely doing this to spite Washington, Biden should withdraw all US troops from Saudi Arabia and place sanctions on them

What's their troops doing in Saudi

God1000:
I think Saudi Arabia is purposely doing this to spite Washington, Biden should withdraw all US troops from Saudi Arabia and place sanctions on them

See mumu analysis. US should withdraw infrastructure worth billions of dollars and it's equity participation/investment in Saudi oil because of the action of a cartel, which is an expected recurrence, by the way? You should stick to kiddies and romance sections

NeoWanZaeed:


What's their troops doing in Saudi

Protection of Arabian gulf from Iranian also protection from yemenese

Ireportlive:




What will Nigeria do with these new increase in oil price revenue, since we are stopping subsidy and Dangote Refinery starts soon

Tinubu is about to become one of the most financially luckiest President after Yakub Gowon and Jonathan

*No more subsidy means keeping atleast $16 billion USD in our foreign reserves annually strenghtning Naira value
This means Dollar to Naira might go back to atleast N350 to _$1

*Using Tompolo and Asari Dokubo as pipeline security, Nigeria might reach 2.3 million Barrels per day this multiplied by new global Oil price , oil royalty from NNPC is about to increase drastically with all arms of government FG State and LGA sharing larger FAAC allocation



.

Bolded:
take your false propaganda for Tinubu, Nigeria's number one con man, becoming president of Nigeria, out of this topic.
Does frail and mentally handicapped Tinubu even know what OPEC and oil production cuts is all about?
Nigeria's government departments and institutions shall be filled up with CON MEN, CON WOMEN and AGBEROS, if Tinubu ever gets sworn in as president of Nigeria.

Ireportlive:


Protection of Arabian gulf from Iranian also protection from yemenese

Iran and Yemen? Wetin they have against Saudi?

It's like Saudi is under pressure abi? No wonder we're seeing unbelievable changes

You rather don't have a clue so shut up pls

rainmoredays:

I bet Buhari doesn't have a clue if the cut will affect Nigeria positively or negatively.
.

onuman:


Take your false propaganda for Tinubu, Nigeria's number one con man, becoming president of Nigeria out of this topic.
Does mentally handicapped Tinubu even know what OPEC and oil production cuts is all about?
Nigeria's government departments and institutions shall be filled up with CON MEN, CON WOMEN and AGBEROS, if Tinubu ever gets sworn in as president of Nigeria.

Many Obi supporters are suffering from one mental ailments or the other so no point arguing

But out of all the candidate that contested only Tinubu had worked with ExxonMobil, and audited for Aramco

ThePolemicist:
It won’t translate to anything positive to the common man.. So who cares?

Hmmm

US will soon start thier own production soon.

God1000:
I think Saudi Arabia is purposely doing this to spite Washington, Biden should withdraw all US troops from Saudi Arabia and place sanctions on them

Lionstep:
Ok....how I wish oil can just dry up in Nigeria

Biafra people, go and dry it up

Upworkwriter007:
lol. The perfect opportunity that China is waiting for. This is no longer a unipolar world.

it's still a unipolar world

NeoWanZaeed:


Iran and Yemen? Wetin they have against Saudi?

It's like Saudi is under pressure abi? No wonder we're seeing unbelievable changes

Iran, part of Iraq, part of Afghanistan, and part of Syria are Shiite like the Elzazaky guys in Kaduna, everything about them is different..

Saudi , UAE , Qatar are Sunni Muslims and also different

Gulf countries like Saudi pays millions to US forces to keep the region safe and US has military base in UAE and Kuwait

It will back fire because China is not reliable. They manipulate thier currency sometimes.

Upworkwriter007:
lol. The perfect opportunity that China is waiting for. This is no longer a unipolar world.

zezebabs:

Biafra people, go and dry it up

Just like ya name zuzu pua nuzo

Ireportlive:



Iran, part of Iraq, part of Afghanistan, and part of Syria are Shiite like the Elzazaky guys in Kaduna, everything about them is different..

Saudi , UAE , Qatar are Sunni Muslims and also different

Gulf countries like Saudi pays millions to US forces to keep the region safe and US has military base in UAE and Kuwait

Now I understand better. Maybe US is stealing from Saudi. Probably why they want to force them out. But if they do, won't Saudi he overrun with terrorists

Masterito:
It will back fire because China is not reliable. They manipulate thier currency sometimes.

Many want to trade oil in Chinese RMB dumping petrol dollar

God1000:
I think Saudi Arabia is purposely doing this to spite Washington, Biden should withdraw all US troops from Saudi Arabia and place sanctions on them

Place sanction on who?


They're actually trying to let the USA know that oil prices must not be calculated with dollar. The want to stop trading with dollar. That's what's giving the dollar more value

NeoWanZaeed:


Now I understand better. Maybe US is stealing from Saudi. Probably why they want to force them out. But if they do, won't Saudi he overrun with terrorists

It's like North Korea vs South Korea

As long as there are conflict US would keep making money from you as they are number one in defense

Upworkwriter007:
lol. The perfect opportunity that China is waiting for. This is no longer a unipolar world.

Could you care to enlighten on how this is a perfect opportunity for China? I'd love to know your thoughts on this. No vex.

Ireportlive:


It's like North Korea vs South Korea

As long as there are conflict US would keep making money from you as they are number one in defense

True... Thanks for the education bro

YeyeGbami:


Whaaat? Na refinery be naija problem. Oil dey ground plentyyyyyy

where the oil dey?

The market was suppose to tank if you go by the chart. But this news will bring about long this week. Wishing all traders a great week. Let's secure the bag 👏

Ireportlive:




What will Nigeria do with these new increase in oil price revenue, since we are stopping subsidy and Dangote Refinery starts soon

Tinubu is about to become one of the most financially luckiest President after Yakub Gowon and Jonathan and he has experience as former ExxonMobil treasurer,

*No more subsidy means keeping atleast $16 billion USD in our foreign reserves annually strenghtning Naira value
This means Dollar to Naira might go back to atleast N350 to _$1

*Using Tompolo and Asari Dokubo as pipeline security, Nigeria might reach 2.3 million Barrels per day this multiplied by new global Oil price , oil royalty from NNPC is about to increase drastically with all arms of government FG State and LGA sharing larger FAAC allocation, Abia State, Kogi State and Benue State won't have a reason to owe workers



.

All these will not translate to anything unless corruption is cured.

Even if Nigeria revenue is $1trillion no developmental impact or improvement of living standards will be felt.

U underestimate the kleptocracy of these leaders