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The information vortex reports that there has been a steady rise in the price of Nigerian crude since the early part of September, and an obvious spike after the attacks on Saudi Arabian oil facilities. The question becomes what steps the Nigerian authorities are taking in lieu of this sudden surge in crude prices? According to https://oilprice.com/ the prices rose on Sept. 13 2019, from $62.34 to about $67.18 where it sits now after spiking to the 70's in the aftermath of the saudi attacks. According to The cable NIgeria (https://www.thecable.ng/govs-nigeria-lost-1-3bn-worth-of-crude-oil-...), the National Economic Council which is made up of state governors claim that oIl theft has risen to $1.35bn every year. Another question looming is whether Nigeria will capitalize on the window of opportunity created by the price hike? And how long will it take for them to do so?
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