SeaTrade:
There's always a pattern amongst you obidients and I find it quite below par.
Who told you a barrel of crude is N800?
Also,are there no operating costs in lifting this crude from beneath the earth's surface?

I swear these people tire me.

Afromentalist:

I swear these people tire me.

Swears gee.

emmaodet:




They are always quick in pressing the calculator and doing exchange rates

1 barrel is around $70-80 presently if am right.
It takes nigeria about $26 to drill a barrel of oil (total running cost) and the sharing formula between nigeria govt and IOCs is 60/40.
So roughly, nigeria government is making about $30 per barrel currently.

No mind them,
Sickening.

As they're about to hand over it suddenly has reached 1.6m

Nigeria sha

If next person enter e no go see plenty to steal

Still short of our OPEC quota.

More than bro..it should be based on the daily oil barrel price($83 not $1)

WibusJaga:
.

1,600,000×₦800 =₦1,280,000,000.00
That's over 1Billion Naira every day.

Vote a Prudent & Accountable Leader like Peter Obi & watch Nigeria take her place as the Giant of Africa.

WibusJaga:
1,600,000×₦800 =₦1,280,000,000.00
That's over 1Billion Naira every day.

So one barrel is $1?