Stats: 3,187,036 members, 7,931,549 topics. Date: Monday, 26 August 2024 at 08:18 AM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / US and EU Officially Lift Nuclear Related Sanctions On Iran (28723 Views)
The United States Government Has Officially Shutdown / World War 3 : North Korea Nuclear Weapons In Final Stages (pics) / Russia Retaliates To Obama's Sanctions, CNN Reports (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 10:49pm On Jan 16, 2016 |
Iran has completed the necessary steps in a deal to restrict its nuclear program, meaning international economic sanctions are lifted, officials from the EU and the U.N. nuclear watchdog agency said Saturday. www.cnnmobile.com/latest/2016/01/16/iaea-announces-iran-nuke-pact-compliance http://mobile.nytimes.com/2016/01/17/world/middleeast/iran-complies-with-nuclear-deal-paving-way-for-sanctions-to-be-lifted.html http://mobile.reuters.com/article/idUSKCN0UU0C7 http://www.aljazeera.com/news/africa/2016/01/iaea-iran-complied-nuclear-deal-160116205507774.html 2 Likes 2 Shares
|
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Goodyshoes(m): 10:50pm On Jan 16, 2016 |
OK |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by otokx(m): 10:51pm On Jan 16, 2016 |
We may see sub $20 per barrel of oil. 24 Likes 1 Share |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 10:56pm On Jan 16, 2016 |
otokx:Very bad news for oil dependent economies, worst of all Nigeria since we refused to save enough to use as buffers under such a situation. Now Iran would flood the IOM with its crude driving oil prices even lower- I foresee it dipping below $10pb. 40 Likes 3 Shares |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Bishops10(m): 10:58pm On Jan 16, 2016 |
who read all those things up there? ![]() |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 11:03pm On Jan 16, 2016 |
Bishops10:It is not meant for kids. 112 Likes 6 Shares |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Bishops10(m): 11:10pm On Jan 16, 2016 |
omenka:Ok sir But The kids will still grow to start from where the so called adults stopped 8 Likes 1 Share |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Movesz(m): 11:14pm On Jan 16, 2016 |
NOW THEY CAN ANNA NIGERIA WITH NUCLEAR bomb. |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Nobody: 11:16pm On Jan 16, 2016 |
omenka: I read somewhere (I can't recall) that the U.S is mostly responsible for the nosedive of crude oil (with the severe push given to shale). I suppose having been able to sink the price of crude oil to a considerable 'low', this move is in order to throw the knock out punch which will then see oil price sinking to as far as $10 if not below. The 'likely' eventual but slow end of oil dependent states. 3 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by ejiinii: 11:24pm On Jan 16, 2016 |
Bishops10: |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by ejiinii: 11:24pm On Jan 16, 2016 |
Good response to the prideful op Bishops10: 1 Like |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 11:32pm On Jan 16, 2016 |
9jacrip:Well, I would have been all for the temporary fall in oil prices as is currently being witnessed for reason that it would give our government the impetus to diversify our economy and once and for all, put an end to this single commodity based economy. But previous governments never had the foresight to sufficiently save forex upon which we could fall back when the need arises. Same savings we would have used to invest in other profitable sectors especially agriculture. As things stand, we don't have all the money we need to do so, not even sure we have half of it, yet the price of oil continues its downward spiral. I have no idea how else to fix this problem than borrowing, which means further plunging the economy into debt. Our only saving grace is that we have a government we can trust to deploy borrowed funds appropriately- it is the most critical index that would decide what becomes of our economy/country after borrowing. God help us. 11 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Emekamex(m): 11:40pm On Jan 16, 2016 |
Venezuela's economy capitulated yesterday, with this news, Nigeria's economic demise is within reach; unless they pass the damn budget and begin full implementation earnestly. Waiting till April to pass the budget like they always do will be our greatest mistake. 12 Likes 1 Share |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by ril19(m): 11:41pm On Jan 16, 2016 |
Iran Can't Take Their Eyes Off Nuclear Weapons Provided Countries Like North Korea Are Still Venturing Further. #MyOpinion 2 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Nobody: 11:55pm On Jan 16, 2016 |
omenka: My brother (or Sis) the emboldened is the quandary Nigeria is in. Let's keep in mind that we have debt on ground needing to be serviced. Having stated the above, even if we have a govt we can trust to deploy 'borrowed' funds appropriately, the question is where would these funds be deployed to? Recurrent expenditure (which include salaries and non-profit yielding payments)? Or is the govt going to spend the money on projects and expect Nigerians to pay to use the services (a la toll) when the average Nigeria cannot survive on their salary? Or are we looking at investing in mineral resources and agriculture? Are these two areas enough to bear the weight of Nigeria? I do not think so. Let's watch and see how Nigeria will manage to survive with its replicated and bloated arm(s) of government. 14 Likes 1 Share |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 12:03am On Jan 17, 2016 |
9jacrip:Brother, you seem to grossly underestimate the capability of the agric sector. Look, if properly harnessed, it can propel the economy completely out of its current deplorable situation. Beauty of it is that one doesn't need formal education to be successful in it, unlike in the oil and gas industry- just about everyone can get involved in it. Now just imagine all that!! 11 Likes 1 Share |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 12:06am On Jan 17, 2016 |
@ Mynd44, @ Lalasticlala, so I bring a news of this significance - a major breaking news worldwide with far reaching implications on Nigeria- and the best you could do is move it here thereby killing it. I really thank you both. 4 Likes 2 Shares |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by gists: 12:14am On Jan 17, 2016 |
And this is how the cookie further crumbles. With Iranian oil joining the already "saturated" crude oil supply (no thanks to US production), we better brace for lower oil price. The only comforting thing is that least at least we don't have a wasteful/wicked/anti-people individuals in Aso Rock. 5 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Nobody: 12:25am On Jan 17, 2016 |
omenka: Sir, propel in what sense? Are you talking in terms of export? I'm sure other countries are looking at diversifying into agriculture now. What exactly do we have in agriculture to export in order to earn? Palm Oil is now being pocketed by Malaysia (I think), is there demand for Cassava? We're importing rice which means there is or are countries who have pocketed that likewise Cocoa. What agricultural produce would we be looking at exactly to export? I'm curious. 10 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by dustydee: 1:10am On Jan 17, 2016 |
More oil on the market. |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Nobody: 1:28am On Jan 17, 2016 |
Forget about Oil, this is a very good news. Israel is about to become a Nuclear wasteland. ![]() @Palestine - Get ready to be independent! ![]() 1 Like 1 Share |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Nobody: 2:53am On Jan 17, 2016 |
3 Likes
|
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by mazeltov(m): 7:53am On Jan 17, 2016 |
I don't have problem with this news. We all know that one day, the sanctions against Iran would be lifted. Of course the sanction can't everlasting as some people think. My concerns focus on the weakling 'OPEC' organisation. Honestly since the creation of Opec, I am yet to see its usefulness to the global oil market. I thought Opec would serve as a regulator to regulate these gluts. Sometimes we need to leave the players and blame the coach. Opec is just too weak to control the output of crude oil into the global market. At least, Opec should be strong enough to impose sanctions on some giant countries like United States or even Venezuela if they outstep their production. 4 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 9:34am On Jan 17, 2016 |
Emekamex:Too bad for Venezuela. When Richard Quest was giving his analysis on the implications of this action, I just couldn't stop feeling sorry for Nigeria. Saudi Arabia has already cut back tremendously on subsidies and it is projected that more cuts would be made. Their saving grace is that they invested hugely in infrastructure and real estate. Today, they make billions of dollars from the sale of those properties so much so that their economy would still maintain a fairly healthy posture even if oil sold for $0.00pb. Nigerian leaders never had that foresight. All they did was waste monies on useless ventures and stole the rest. With this news, some international portfolio managers and investment bankers have already started making projections of $12pb prompting a massive sell off in the oil industry. God help us. 15 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 9:48am On Jan 17, 2016 |
mazeltov:You have a point but are you aware oil producing states that are non-member states of OPEC account for over 60% of world oil production? This means that even if OPEC seals off all its wells, over 60% of world's demand for oil could still be met! The only way they might have exerted the leverage you imagine is if they have had monopoly of supply or if they were responsible for an overwhelming fraction of world's total output. But they don't, hence, their weakness and inability to regulate supply, and by extension, price. Furthermore, if they have had that sort of influence and used it as you propose, that could have even more dire consequences for countries that depend on oil exports for forex. Such arm twisting techniques could push big consumers to develop alternatives (they have the technological know how to do so) to oil, thereby ultimately rendering the "liquid gold" useless! I believe there are some benefits to being a member of OPEC, but right now, in the light of the prevailing circumstances, those advantages nearly totally insignificant. 7 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Bishops10(m): 3:24pm On Jan 17, 2016 |
ejiinii:Thanks man,some people just think they have arrived. 2 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by hahn(m): 3:41pm On Jan 17, 2016 |
omenka: Bro, can you help me out? I was just wondering, why is it that the drop in the price of crude oil is not reflecting in the price of it's refined products especially here in Nigeria? 3 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 3:56pm On Jan 17, 2016 |
hahn:It is the same reason why constructing a 1km bridge in the industrialised world would cost less than it would in our clime- availability of complementary infrastructure. If we can develop our rail or pipeline delivery system sufficiently to handle massive transport of those commodities, we would no doubt see a corresponding decline in the cost of haulage and cost at the pump. My theory. 4 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by omenka(m): 4:02pm On Jan 17, 2016 |
Seun why have your mods refused to take this important item which has been making international headlines since yesterday to the fp ![]() Was hoping one could have some sensible discussions about its implications to the Nigerian economy. Isn't this better than threads about some stupid pictures of "celebrities" doing stupid things that always get moved to the fp?? Why are important discussions being deliberately stifled here?? Cc: Obinoscopy. 4 Likes |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by hahn(m): 4:38pm On Jan 17, 2016 |
omenka: Ok. Nigeria's economy has never really been known to make much sense ![]() |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by Seun(m): 6:51pm On Jan 17, 2016 |
This means the oil price will drop further since Iran is now free to export their oil to US and all European countries. The naira will also drop. 7 Likes 1 Share |
Re: US and EU Officially Lift Nuclear Related Sanctions On Iran by lielbree: 6:54pm On Jan 17, 2016 |
And the present government is investing heavily in Chad basin oil exploration ![]() Kachukwu is busy lying that USA will buy our oil. When the USA is getting ready to start selling oil ![]() 8 Likes 1 Share |
(1) (2) (3) (4) (5) (6) (7) (Reply)
Leaked Docs Suggest WW3 As NATO Army Ready For China, Russia May Take On Germany / Morocco: Boy Stuck In Well For Five Days Dies / Somali Kills Three In 'brutal' Germany Knife Attack
Viewing this topic: 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 4 |