“After a review of prevailing market fundamentals in the month of May and considering marketers realistic operating costs as much as practicable, we wish to advise...
Nigeria’s economy is in a tight corner, as Brent crude’s value has dropped by half since the worst pandemic in recent history started early this year.
Brent crude increased by $1.71, 5.49%, as it closed a barrel at $32.84,
Naira weakened today at the black market as dollar trading at N454 to $1 as demand increased from foreign investors and businesses with dollar payment
FG intends financing the N5.36 trillion budget deficit through domestic, foreign loans and proceeds from privatisations.
The American WTI fell by 1.55% to sell for $25.38 per barrel, early Wednesday morning after surging 6.8% on Tuesday. Brent crude was down by 2.03%...
“As a nation, we cannot afford to continue relying on the world for our food, education, and healthcare.” said Godwin Emefiele.
The government is still dithering on deregulation allowing NNPC to reduce prices as it desires.
Brent crude had an impressive gain of about 23%, while U.S oil surged by about 17%.
Nigeria has been unable to find ways to cut oil production, as part of the OPEC+ deal signed weeks ago. This has led to the postponement...