Nigeria’s Gross Domestic Product (GDP) grew by 1.87%(year-on-year) in real terms, representing a drop of 0.23% points compared to Q1 2019 and 0.68% points decline compared...
Global oil prices have surged to a 2-month high on growing signs of a rebound in oil demand.
This is a breakdown of how much Nigeria will be contributing to the cuts including the agreed timelines.
The International Energy Agency (IEA) in its latest forecast, expects Brent oil price to average US$33 this year.
A monitored report suggests that Nigeria has reduced the official selling prices for its crude oil so as to clear an inventory of unsold April-loading cargoes.
Global markets and oil prices remain fairly stable after coronavirus panic caused Wall Street's worst one-day sell-off since the Black Monday crash of 1987.
Olamilekan Adegbite said that Nigeria is aware of the exponential growth opportunities inherent in the mining sector, and is making plans to take advantage of them.
The Federal Government of Nigeria is really experiencing a serious revenue crisis which is now being exacerbated by the increasing cost of fuel subsidy.
Oil price has dropped as fresh concerns over the threat of a military response to attacks on Saudi Arabian crude oil facilities.
Oil price dropped to below $60 a barrel in the early hours of Tuesday. This is the first time crude oil price would fall below $60...