Yesterday, at 8:22 pm, US WTI was trading at $-37.45 per barrel.
The prices were displayed on Bloomberg energy terminal.
In a post on his Twitter page on Tuesday, Fani-Kayode revealed that Nigeria crude oil is now trading at $11 USD dollars per barrel;
He lamented that the country was heading for not just a recession but a full-blown depression
Fani-Kayode wrote: “Nigerian crude oil is now trading at $11 USD dollars per barrel whilst it costs almost $30 to produce that same barrel. We are in a mess!”