The Nigeria Federal Government is expecting non-oil revenues to nearly double this year as it steps up plan to offset the slump in oil revenues, according to a presentation seen by Reuters on Monday. President Muhammadu Buhari plans a record N6.06tn ($30.6bn) budget to stimulate the economy, which has been hammered by a fall in […]
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[su_dropcap]G[/su_dropcap]lobal oil benchmark, Brent crude, fell on Tuesday, reflecting growing concerns that a two-month rally might be fading, as supply looked set to keep rising and there appeared to be little immediate prospect of demand keeping pace. It fell by $1.27, or 3.15 per cent, to $39 per barrel, while the United States’ benchmark, West […]
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FIVE oil exporting countries, including Nigeria, Angola, Venezula, Azerbaijan, and Russia are mostly affected by falling currency value, Organisation of Petroleum Exporting Countries (OPEC) has said. OPEC, in a paper detailing the impacts of recession on the global oil market, said the countries were picked among several others as having showing serious effects of fall […]
Read More THE Nigerian Content Development and Monitoring Board, has assured that Nigerian content scopes for new and ongoing oil and gas projects will not be reduced because of the substantial drop in crude oil prices, the Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Mr. Denzil Kentebe has revealed. The Nigerian Oil and Gas Industry […]
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KWARA State Governor, Abdulfatah Ahmed, has said that the slide in crude oil price can translate into a big blessing that will bring good tidings to Nigeria if the country uses the opportunity to develop its potential in the non-oil sectors to develop the nation. Ahmed said this in a statement issued after he received […]
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