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Tag "oil"

IMF predicts oil could slump to $20 in 2016

    IMF predicts oil could slump to $20 in 2016

The days ahead may just be harder than envisaged as the International Monetary Fund (IMF) says crude oil prices may slump to as low as $20 per barrel in 2016. Following

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THE QUESTION: With OPEC oil at $30, is Buhari’s $38 budget benchmark feasible?

    THE QUESTION: With OPEC oil at $30, is Buhari’s $38 budget benchmark feasible?

President Muhammadu Buhari presented a budget proposal of N6.08 trillion to a joint session of the national assembly on Tuesday, insisting on the oil benchmark of $38 per barrel. The

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Oil prices crash to epic lows after US vote

    Oil prices crash to epic lows after US vote

Crude oil prices on the global market crashed on Monday to epic lows, as they beat 2008 global economic crisis prices and sank beyond 11-year low with the US vote

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Note to Nigerian senate: OPEC oil now $32

    Note to Nigerian senate: OPEC oil now $32

As the senate debates pegging the crude oil benchmark at $40, the Organisation of Petroleum Exporting Countries (OPEC) basket price of the commodity is now $32.60. According to the OPEC

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Oil prices crash to lowest $38

  Oil prices crash to lowest $38

Crude oil prices continued at a six and a half year low on Tuesday, as the Organisation of Petroleum Exporting

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Devaluation of naira ‘unlikely in medium term’

  Devaluation of naira ‘unlikely in medium term’

A devaluation of the naira is “not likely” to take place in the medium term as this policy will not

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Delta partners World Bank, EU to engage 1,345 youths

  Delta partners World Bank, EU to engage 1,345 youths

The Delta State government has engaged 1,345 youths under its State Employment and Expenditure for Result Project (SEEFOR). The beneficiaries

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