In what should excite the citizens, but is rather making them react indifferently, because they don’t even feel the impact of the revenue into the country.
Now while everyone in Nigeria is praying that the oil dries up so that we can have people living on their actual means, especially the corrupt thieves who call themselves them politicians. Now they are cutting down the price.
Now back to the news you came to this blog to read, Nigeria has officially cut its selling price of a basket of May-loading crude oil grades in a bid to attract buyers.
The nation’s crude oil has had a difficult time clearing in recent weeks, as offer levels were too high to attract buying interest from European refineries.
Nigeria released its official selling prices for May, showing a decrease for major grades, including Bonny Light and Qua Iboe, Forcados and Escravos, by around 20 to 25 cents compared with April, according to Reuters.
Buyers had been largely reluctant to pick up cargoes of May-loading cargoes offered at and above a premium of $2 compared to dated Brent.
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