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Nairaland Forum / Nairaland / General / Politics / Oil Price Sinks To Lowest Level In 16 Years (40983 Views)
Nigeria’s FX Reserves Drop To $32bn — Lowest Level In Six Years / Gulf Of Guinea Piracy Falls To Lowest Since Q2 2019, NIMASA Reacts / Mele Kyari: Nigerians Should Prepare For 3 Months Trouble Over Oil Price Crash (2) (3) (4)
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Oil Price Sinks To Lowest Level In 16 Years by ProsperChild: 9:09pm On Mar 18, 2020 |
The price of Brent crude, the international benchmark, tumbled on Wednesday to the lowest level in 16 years as global markets continued to respond to the price war between Saudi Arabia and Russia amid the spread of the coronavirus pandemic. Source: https://punchng.com/breaking-oil-price-sinks-to-lowest-level-in-16-years/ 9 Likes 2 Shares
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Re: Oil Price Sinks To Lowest Level In 16 Years by CaptainPlanet(m): 9:11pm On Mar 18, 2020 |
8 Likes |
Re: Oil Price Sinks To Lowest Level In 16 Years by vicdom(m): 9:14pm On Mar 18, 2020 |
E don red now. This is the time our pseudo change and next level government should bring out all the audio recovered loots, trillions saved in TSA, customs and et al and fund our budget. I don't wanna hear story oooo. Because all these acclaimed monies are suffice for our budget funding. Very useless and clueless government with dimwitted zombies as apologists. 250 Likes 15 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by Lanre4uonly(m): 9:18pm On Mar 18, 2020 |
It is much expected. |
Re: Oil Price Sinks To Lowest Level In 16 Years by hisgrace090: 9:24pm On Mar 18, 2020 |
Very serious. 1 Like 2 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 9:31pm On Mar 18, 2020 |
vicdom: How much is all of the Abacha loot from even when Obasanjo received it till date that you think it would balance our budget? 26 Likes 3 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by prodigyy(m): 9:32pm On Mar 18, 2020 |
Mad oooo |
Re: Oil Price Sinks To Lowest Level In 16 Years by Ruggedniggaone: 9:34pm On Mar 18, 2020 |
voltron14:na from only abacha them say them collect money? 117 Likes 3 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by Inkling(f): 9:34pm On Mar 18, 2020 |
This one na serious gbege |
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 9:35pm On Mar 18, 2020 |
Ruggedniggaone: How much do you think a country of 200 million people require for its annual budget? 10 Likes 2 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by sociologymajor: 9:35pm On Mar 18, 2020 |
Effect of Corona Virus, too much supply with almost no demand as almost all economies is on shutdown.. Things will pick up later I believe 7 Likes 2 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by Stephenomozzy(m): 9:52pm On Mar 18, 2020 |
voltron14: What percentage of that 200million actually feel the direct benefit of such fairytale figures pegged as budgets? If not epileptic discharge of constitutional duties 112 Likes |
Re: Oil Price Sinks To Lowest Level In 16 Years by Jflex07(m): 9:56pm On Mar 18, 2020 |
More doom. wahala dey, seriously! |
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 10:20pm On Mar 18, 2020 |
Stephenomozzy: Nigerians generate an average of 2000 dollars annually. What miracle are you expecting? A man produces only 2 thousand dollars of wealth annually but believes he should be living like Jay-Z. Get real. 28 Likes 4 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by bubu2019: 10:30pm On Mar 18, 2020 |
bubu reduced #20 from pump price and zombies are clapping 9 Likes 1 Share |
Re: Oil Price Sinks To Lowest Level In 16 Years by Daniel058(m): 10:30pm On Mar 18, 2020 |
Canadian dollars Don suffer,.. But but still stronger than GBP.. 3 Likes 1 Share
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Re: Oil Price Sinks To Lowest Level In 16 Years by Stephenomozzy(m): 10:32pm On Mar 18, 2020 |
voltron14: If Jay-Z was under the current laughable state of our dear country, Even Jay-Z won't live like Jay-Z. What I'm saying is... Government owes a responsibility to not only draw up budgets and hope to fund it from dwindling preexisting sources of fund, but it also has to set up measures to revamp dying sectors of its economy to boost its revenue....so if crude crashes entirely.. Would we stop/call off governance? 61 Likes 3 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 10:36pm On Mar 18, 2020 |
Stephenomozzy: The populace is unimaginative, uneducated and highly unproductive. This is the stark reality. Take out this leader, bring in a new set, the situation would be the same until the people realise they aren't actually inventive. 51 Likes 6 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by Stephenomozzy(m): 10:55pm On Mar 18, 2020 |
voltron14: You lie oo.... Haven't you heard and read of Nigerians making waves and great strides in robotics, aeronautics, medicine and engineering outside the reach of our government! Nigerians are an inventive, resourceful and highly productive people! Nigerians are the saving grace of the system of hypocritical negligence that abounds in governance today 79 Likes 3 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 11:03pm On Mar 18, 2020 |
Stephenomozzy: Spare me that. What percentage of the population are achievers? Haven't you heard about 14 Nigerians arrested for fraud in the USA, just this week? That is not wholly representative of us, neither are these hardworking people you are referring to. Yes, we are capable of learning but learning isn't invention, neither is it productivity. Productivity is desire and application, what you find the Indians doing. We as a nation are unproductive and I can't reiterate this enough. We need to realise this. Quickly. 35 Likes 7 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by tensazangetsu20(m): 11:16pm On Mar 18, 2020 |
voltron14:As much as there are a lot of Nigerians being unproductive, it all still boils down to the government. What enabling environment have they created to ensure that people are productive. There is no electricity. You start up something and they are ready to destroy it all. A lot of people have tried to do something in this country and make something out of their existence here but the environment is brutal and unforgiving. 62 Likes 2 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 11:28pm On Mar 18, 2020 |
tensazangetsu20: Let me tell you something. When Abacha was president, Nigeria was under a choke hold, there was no electricity just like today but that was the period in which the Nigerian home video industry (Nollywood) became an African brand. What of the Afro music that has gone global today, when did it germinate? Same time as when Abacha was in power. That is the kind of creativity we need in all spheres. Today, we are talking of Coronavirus, how many protective Hazmat suits are being built in Nigeria? How many masks are being built? How many of the clothes in your closet are made in Nigeria? Honestly, we lack productivity and it stems with the populace. 16 Likes 2 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by Banmeallday: 11:31pm On Mar 18, 2020 |
It is when Nigeria will simply dissolve into the Atlantic that they will realize what we have been saying for 50+ years. WE NEED TO END the NIGGER AREA.... 11 Likes 1 Share |
Re: Oil Price Sinks To Lowest Level In 16 Years by Humphrizy(m): 11:34pm On Mar 18, 2020 |
Na mismanagement dey worry dx country called Nigeria. Just incase you need Pure Original Unadulterated Honey...call/Whatsapp 081 01666 771 1 Like |
Re: Oil Price Sinks To Lowest Level In 16 Years by Banmeallday: 11:41pm On Mar 18, 2020 |
Humphrizy: Be a pause Nigeria was never meant to be a country, but a place to siphon resources. Your grandfather, just grandfather oh, he was NOT A NIGERIAN |
Re: Oil Price Sinks To Lowest Level In 16 Years by tensazangetsu20(m): 11:42pm On Mar 18, 2020 |
voltron14:Build what with which electricity. As of one Abacha was president Nigeria was one of the poorest countries in the world with a per capita Income of less than a thousand dollars, sanctions, authoritarian rule and massive corruption. It's not as if it was paradise. Young Nigerians are trying. The tech startups springing up were built by them. Some of which the government is doing everything to extinguish. The government and the leadership of Nigeria is a problem and until Nigeria has quality leadership she will never ever get better ever. 30 Likes |
Re: Oil Price Sinks To Lowest Level In 16 Years by AlfaSeltzer(m): 11:45pm On Mar 18, 2020 |
The zoo will fall 8 Likes |
Re: Oil Price Sinks To Lowest Level In 16 Years by AlfaSeltzer(m): 11:46pm On Mar 18, 2020 |
voltron14: So na to only entertain the world we go dey do? Cooning on an international level? 8 Likes |
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 11:48pm On Mar 18, 2020 |
B tensazangetsu20: We are not doing even close to enough. Less than 1% of the population involved in a trade that brings in less than 2% of the total GDP isn't the yardstick you wish to measure with. The common man should be in tangible production, be it of bathroom slippers or zippers. The cost of labour is extremely low in Nigeria, which in itself should drive productivity as a significant factor of production but it doesn't. We must produce. Produce or perish. 26 Likes 3 Shares |
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 11:49pm On Mar 18, 2020 |
AlfaSeltzer: I simply used an industry we are all familiar with and how it has changed the landscape. We must produce, be it movies, chewing or chocolate. 6 Likes |
Re: Oil Price Sinks To Lowest Level In 16 Years by tensazangetsu20(m): 11:50pm On Mar 18, 2020 |
voltron14:You talk about producing and trading but your own government closed the borders. Those closed borders continuously affects businesses in Nigeria. The shoe producers in Nigeria can't move their products out. Nigeria as a country does not take trade serious. Well oil is down to 23 dollars. Everyone go feel am Las Las. 17 Likes |
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 11:52pm On Mar 18, 2020 |
tensazangetsu20: So it's the closure of borders of 6 months that rendered Nigerians unproductive for 60 years? 14 Likes 1 Share |
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