THE global benchmark, Brent crude, on Friday rose above Nigeria’s proposed benchmark oil price of $38 per barrel for this year’s budget. Brent, against which Nigeria’s...
By HAROLD JAMES PRINCETON The price of oil is often regarded as a sort of thermometer to measure the health of the world economy. What is...
THE prospect of OPEC and its rival producers, especially Russia in cooperating to tackle oil supply glut has helped to raise the prices of crude to...
Prices of crude which had hit a record low ten days ago moved up earlier today to $33.29 a barrel after world’s biggest crude producer,...
FROM an all-time high of $106 per barrel in 2014 to a price crash of $28 per barrel last week, the declining prices of oil has...
Nigeria’s foreign reserves has dropped by another $445.4 million hitting an all-time low of $28.6 billion this week from the $29.101 billion recorded at the end...
By ODIMMEGWA JOHNPETER, Abuja IN line with its recent policy of strengthening partnership with the diplomatic community for youth development, the National Orientation Agency (NOA) will...
• Oil glut threatens production target • Stocks hit 3-year low By ODUNEWU SEGUN WITH the federal government setting the 2016 budget on oil benchmark of...
The Excess Crude Account, into which Nigeria saves the difference between the market price of oil and the budget benchmark to provide a cushion when oil...
