Tag: oil price

Opinion: This is the consequence of Nigeria’s primary export-dependence

by Chambers Umezulike, According to the Nigeria National Bureau of Statistics, the country’s Gross Domestic Product contracted by 0.36% in the Quarter (Q) 1 of 2016, the first negative growth…

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Niger Delta militants are literally changing the world, as oil price hits $50

by Chi Ibe This morning, oil prices hit a 2016 high of $50 a barrel mark, following the disruptions in the production of crude in Nigeria.  Brent, the global benchmark…

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Fuel subsidy: FG pays oil marketers off finally

Amidst the controversy that has hitherto surrounded the announcement of the removal of subsidy by the Federal Government, the Minister of Finance, Kemi Adeosun has disclosed that the outstanding N48.2…

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Hello, NLC! 2 labour unions are in support of the new price of fuel

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) are threatening fire over the new fuel price, and warning about a shutdown of the economy next week. Probably,…

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Breaking: Petrol to now sell for N145 as FG officially removes subsidy

The Federal Government of Nigeria has finally removed the subsidy it placed on premium motor spirit commonly known as petrol. The removal of the subsidy on petrol is with immediate…

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Doyin Okupe advises Buhari on how to deal with falling oil prices

Doyin Okupe, former aide of ex-President Goodluck Jonathan has weighed in on the economic recession that is threatening to hit the nation following the drastic and continuous fall of oil…

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If we’re to believe what Prof. Tam West is saying, fuel price will soon be N40 per litre

by Anike Jacobs Well according Vanguard, that is what Former Minister of Petroleum and Energy, Prof. Tamunoemi David-West is positing. The former minister says that Nigerians should expect a sharp…

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