OIL PRICE DROPS 6.8% TO $69.90 ON TRUMP TARIFFS, OPEC+ SUPPLY HIKE.(PHOTO).

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 Oil Price Drops 6.8% to $69.90 on Trump Tariffs, OPEC+ Supply Hike The price of Nigeria’s Bonny Light crude fell 6.8% to $69.90 per barrel following new U.S. tariffs announced by former President Donald Trump and OPEC+’s decision to increase oil supply from May 2025. The slump raises concerns over Nigeria’s 2025 budget projections, which are based on $75 per barrel and 2.06 million barrels per day production. However, February output fell 3.8% to 1.67 million bpd, according to the NUPRC. Meanwhile, OPEC+ members, including Saudi Arabia and Russia, reaffirmed plans to gradually unwind 2.2 million bpd in voluntary production cuts, but may pause or reverse the move depending on market conditions.
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GOVERNOR AMBODE GAVE 7 DAYS NOTICE TO ALL THOSE LIVING IN ESTATES IN LAGOS TO OBEY THE NEW RULES OR RISK THE REMOVAL OF THEIR GATE.

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                      Today monday,the Lagos State Government has given seven days ultimatum to residents to keep to the directives that gates or barricades leading to major roads in the state,is locked between 12 mid night and 5am with manned security guards to allow free flow of vehicular movement.State Commissioner for Local Government and Community Affairs,Mr.Muslim Folami,who revisited the directive yesterday at a press conference said the government will not hesitate to remove gates of streets where residents fail to comply.According to him ''This is a serious issue and we are not taking it likely with anyone,residents have within seven days to comply with this directive or have their gates remove''He assured residents of security,saying that government officials will go round to make sure that people comply with the government directives.One photos below.                                                  

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