₦airaland Forum

Oil shud sell ohhh, Nigerian Govt. can’t stop their recklessly and wasteful spending and mismanagement for anybody. The systematic looting must go on.

Diversify
Diversify
Dem no gree

Now see

These prices are never stable. I thought it was in the negative, when did it hit $30.00 again?

timibare:
Nigeria international Reserve account go hear am

which External reserve? the one that they're withdrawing secretly?


the result of electing a gross failure and world class illiterate will tell on Nigerians in coming weeks


shebi Nigerians no won get sense most esp those northerners that see ethnicity as a pride to Governance

All those saying diversify. Diversify to what na

inside naija

Back to the roots..... Back to the foundation.... Back to Agriculture... Cash crops

inoki247:
Okay den share the fuel for the citizens for free we go dey use our thing dey own Gen nd power our car nd person wey no get any go dey use am baff..

U no serious

Pls, how much is dollar now

and somewhere in Zamfara and Osun state, the Chinese are collaborating with some of our looters to mine our gold.


had it been that Nigeria is not as richly blessed the way we 're coupled with bad leadership overtime, we would have been worse than Somalia

I want the oil price to even crash to 10 naira sef so that they won't have anything to embezzle. I need a total rejuvenation and reset.

But we still pay the same price or even higher for transport even with the falling oil price.
So what's happening in Nigeria?
Gov't stand up and do your work.
Too much exploitation here

inoki247:
Okay den share the fuel for the citizens for free we go dey use our thing dey on Gen nd power our car nd person wey no get any go dey use am baff..

You dey craze I swear

Nigeria should learn to improvise. They should trade those cargos with nation's that need them and have what Nigeria needs also.

B3sty:
Nigeria don Enter One Chance...Diversify, dem no gree, Na to Use our Scare Resources go Find Oil for North them Sabi.

Now the oil is useless. I just wish they channeled that funds into irrigation and ranch farming. While establishing a grass and hay company in the south.

Good jobs would have been created from the sales of Hays to the North and sales of cattle and other diary products to the south.

We nor serious as a country.

obowo69:
Good. Everyone should go home!

The party is over!

I hope you're referring to our worthless politicians oo ; because we the masses didn't enjoy a tiny little bit of whatever party they thought they were throwing.

Esseite:
Brace up.... we are heading into stormy seas..

The ships have always sailed through the stormy seas to deliver our goods. No matter how stormy it will be, we will come out of it and we will not be overwhelmed by the storms. It is everywhere and most of the western countries feeding us news like they are not perturbed by the static economy, they will hear it after the whole pandemic. Just late last month, USA has recorded a number above 30million citizens that have filled for unemployment. And the government must assist them till the economy balances. They too will spend their foreign reserves as well. This is a global issue and we should wish our dear country good.

FREEMADNESS:
God has blessed us with resources but our leaders jst donno hw to mk use of dem.

misplaced priority

We don't have leaders what we have are thieves. If there's anything I have learned from watching fear factor it's that people will do anything for money no matter how stupid or difficult.

Rather than channel this stupidity into economic stability and independence by paying people decent amounts for projects that actually get finished and provide benefits to the citizens we have things getting abandoned halfway and the money for it is gone.

If Buhari had even an ounce of integrity he would have ordered for abandoned projects nationwide to be demolished or sold so they can be turned into something useful with all the money he borrowed.

I sincerely believe that the discovery of oil was one of the things holding us back. Rather than be forced to actually make things work for both their benefits and the citizens oil money and deals can be made without citizen's input and the money can be pocketed without stress.

Bad good news

kids learn from the disaster of others

use it to prepare for your future


https://www.youtube.com/watch?v=pNDJSp8FCjI

timibare:
Nigeria international Reserve account go hear am

It will equally affect your spending too!

Fumigate & Disinfect


See my signature

May God help us. I have suffered enough in this country. Meanwhile it is my lovely nephew birthday today. Uncle love you Ekeson

/
Glut or no glut, oil price is not controlled by supply and demand. It is the guys who don't want to take delivery but with massive equity controlling oil prices. Call them bankers, hedge funds, investors or worst, high frequency algorithm...they are sharks feeding on the back of rednecks doing the actual work. You could have 100m barrels of unsold crude in the tankers and price will still snap back to $50. The talking heads will then jump back infront of the camera to explain why. It is all chess game being played by the megarich. That's how I see it.

The unsold cargoes have been there since last month. How did price move back up to $30/barrel? By next week, those holding Futures contracts who do not want delivery will liquidate (or be forced to liquidate) their positions resulting in exaggerated moves in prices one way or the other.

/

Let oil kukuma lose total value. At least the air and water pollution in Niger Delta will reduce.

Maybe fishing and farming can return there one Day.

We had 60 years of oil money to diversify. We cannot blame outsiders for it.

I think the government will now start thinking of how to help small business grow.
If you start a Small business you face an uphill task.

Right from the registration
Then you have to cough out incredible amount for rent ...
Due to unstable power you have to factor in the cost of running a generator.

The state and local government will tax you multiple times. Environment, sanitation, development, signboard etc.

You will have to pay vigilante for security etc.. All of this without you even making a profit.

If you had wanted to employ 7 staff, you will reduce to 2.

This country really needs to wake up.

Dear people, we are dying. Please help us any little way you can. I haven't been paid 8 months salary now. Your little help can save us. Please see the thread below for details.

https://www.nairaland.com/5857912/havent-been-paid-8-months

Kekereekun123:
All those saying diversify. Diversify to what na

Covik 19 Tonic....

InvertedHammer:
/
Glut or no glut, oil price is not controlled by supply and demand. It is the guys who don't want to take delivery but with massive equity controlling oil prices. Call them bankers, hedge funds, investors or worst, high frequency algorithm...they are sharks feeding on the back of rednecks doing the actual work. You could have 100m barrels of unsold crude in the tankers and price will still snap back to $50. The talking heads will then jump back infront of the camera to explain why. It is all chess game being played by the megarich. That's how I see it.

The unsold cargoes have been there since last month. How did price move back up to $30/barrel? By next week, those holding Futures contracts who do not want delivery will liquidate (or be forced to liquidate) their positions resulting in exaggerated moves in prices one way or the other.

/

Lies.
It is impossible to unite all refiners and buyers of crude and make them stop buying crude at once.
There is no conspiracy here,however there is now room for refiners to control prices of crude for a very long time by ration buying.
No one will let their storage empty before refilling again.
Once it's down by 15%,they refill their storage.
That way,they will control crude pricing for a very long time which in itself Is impossible as well.

At least Nigeria MIGHT starting thinking outside oil.
In this country, it is all man on his own.
How to start a photography business without a studio: https://zestmade.com/blog/how-to-start-a-photography-business/

B3sty:
Nigeria don Enter One Chance...Diversify, dem no gree, Na to Use our Scare Resources go Find Oil for North them Sabi.

also fund the so called repentant Bolo Haram