Buhari Thanks China for Intercepting Stolen Nigerian Crude

President Muhammadu Buhari on Sunday in New York said China has intercepted shiploads of crude oil stolen from Nigeria.

A statement by the Special Adviser to the President, Media and Publicity, Mr. Femi Adesina, said the intercepted shiploads of crude oil were to be sold and proceeds paid into private accounts.

 

Buhari spoke at a meeting with President Xi Jinping of China on the sidelines of the 70th United Nations General Assembly.

 

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CRUDE OIL PRICES RECORD HIGHEST DROP IN THREE MONTHS

As the federal, state and local governments in Nigeria prepare to completely decimate the Excess Crude Account (ECA), Greece’s rejection of bailout terms and China’s emergency measures to support its stock markets sent shocks to the global oil markets as the price of crude oil yesterday recorded a five per cent drop, being its worst loss since it dropped by seven per cent on April 8.

Greek voters had voted a resounding “No” to a referendum on an international bailout that also put in doubt its membership of the Eurozone.

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