Brent crude oil was trading at a remarkable price of over $88 per barrel.
Friday, 10th September 2021: The exchange rate between the naira and the US dollar closed at N412/$1, at the...
The crisis in the global oil market seems to be hitting Nigeria harder since the country's economy is largely dependent on crude oil proceeds. and to make matters worse, it has become more difficult to sell the oil, even at ridiculously low rates.
Nigeria seems to be falling into a deeper revenue mess as the price of the country’s headline crude, Bonny light fell below the prices of Brent crude and US headline WTI crude.
Zainab Ahmed has disclosed that FG would review the 2020 Budget and make some adjustment as Coronavirus outbreak impacts crude oil revenues globally.
