₦airaland Forum

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Nairaland economists, please enlighten us on the global oil crises and its economic implications by answering the following questions in simple english.

1. What controls the oil price, why does it fall and rise.
2. how does crude oil prices affect exchange rate, foreign reserve and the economy in general
3. If naira is already declining, why are some economist suggesting devaluation
4. Some people have argued that nigerians should be buying fuel at a very low price due to the oil crises, how true is this.

Thanks for responding.

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Tnks

1. According to Niccolo Machevelli the prince must be two faced, ruthless and merciful. Do you agree with this principle.

2. Using Nigeria as a case study discuss 4 legacies of Niccolo Machavelli

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Every body is eaither talking about having sex with their boy friend or eating to get satisfied. Have you ever thought of the posibility of going to hell, have you ever ask your self if u've actually accomplish your mission on earth. Is not how long you spend on earth that matters, but how many lifes u've touched, has anybody thought of what people would say about them when there are gone, all this comes 2 mind when you realise you jst have one day 2liv on earth.liv each day as if it were your last. b happy with urself as well as wit odas,