The Brent Crude just dropped below $60 to $59.63 per barrel the first time for more than five years. Nigerian budget is benchmarked against the Brent crude oil prices and may see a downward review by the Ministry of Finance in response to this new price. If the Brent remains below $60 this week it is likely that the Government may yet again lower its budget benchmark from N65 to probably $55. More to follow….
![[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies](https://nairametrics.com/wp-content/uploads/2017/05/nigerian-economy-today-1.jpg)
