Despite rising oil prices, Nigeria’s 2016 budget may be hurt by low production levels, the Organisation of Petroleum Exporting Countries (OPEC) has confirmed. On Wednesday, Brent crude – global crude
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Ibe Kachikwu, minister of state for petroleum resources, on Monday rendered a poem on oil, during which he expressed assurance that its prices would rise again. Speaking at the sixth African
Crude oil prices rose to a record high of $40 on Monday, rallying further at the all-year high into Tuesday, trading above $40 per barrel. According to OPEC secretariat, the
Udo Udoma, minister for budget and national planning, says Nigeria may review the $38 oil price benchmark if crude oil prices fail to recover to $38 and above. The minister,
The economic woes bedevilling many OPEC countries may just have begun, as US shale oil producers plan to increase output if
Lai Mohammed, the minister of information and culture, says President Muhammadu Buhari’s campaign promises were based on $100 per barrel
Kemi Adeosun, minister of finance, has revealed that government revenue dropped by N17 billion for the month of January. According
Just as it is with state-sponsored schooling in Nigeria, many Saudi students may drop out of foreign universities due to the
A sense of unease enveloped the financial markets during trading on Wednesday following Janet Yellen’s cautious tone in her testimony
There are more troubles for the 2016 budget as the Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria’s
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