OIl price

Updated: No sunny side for Nigeria as oil price tops $105 on Russia’s invasion of Ukraine

BRENT crude price hit $103 per barrel on Thursday after President Vladimir Putin ordered Russian troops into Ukraine, The ICIR's checks have shown.

Nigeria’s foreign exchange reserves would fall to $23.3bn by end of 2020 – Fitch Ratings

FITCH a global credit rating agency has stated that Nigeria's foreign exchange reserves would fall to $23.3bn by the...
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FG approves revised budget based on $25 per barrel oil price

THE federal government on Wednesday, approved the revised 2020 budget, adopting a benchmark of $25 per barrel after months...

Oil earnings to decline by 80 per cent in 2020 – FG

As federal government projected revenue from oil earnings continues to decline, Federation Account Allocation is now expected to fall...
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COVID-19: Experts optimistic on oil price rise but warn that reforms must happen

Despite the current crisis in the petroleum sector occasioned by a slide in crude oil prices, industry experts and...

FG proposes 20 percent cut on capital projects in 2020 budget

THE Federal Government has proposed a 20 per cent cut in the 2020 budget on capital projects across ministries,...
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