Oil prices on Wednesday touched its highest level since February on the back of Saudi Arabia’s production cut and United States (US) crude inventory decline. Brent crude, the international benchmark,
Tag "oil prices"
The African Export-Import Bank (Afreximbank) has predicted that oil prices will rise by 10 percent in 2021. This was contained in the ‘Afreximbank African Commodity Index (ACCI) third quarter (Q3)
Babatunde Fashola, minister of works and housing, says the fall in the price of crude oil will not result in the abandonment of projects. In an interview with TheSignature50 magazine,
Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the act of removing fuel subsidy from the 2020 budget has saved the government $400 million. Speaking
Oil prices fell on Tuesday, erasing earlier gains, on fears that the recent spike in confirmed COVID-19 cases in the
Fitch, a global credit rating agency, says Nigeria’s medium-term growth outlook will be slowed down by “acute” supply shortages in
Lukman Otunuga, FXTM research analyst, says the naira will not benefit from a weakening dollar if oil prices keep declining
Oil prices have witnessed a slight rebound after dropping below $50 a barrel–the first time it has reached that level
President Muhammadu Buhari says his administration has done more in three years than the Peoples Democratic Party (PDP) achieved in
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the federation account allocation committee (FAAC) revenue shared among the
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