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Oil prices
September 1, 2017
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Petroleum minister gives mid-term report, says petrol prices likely to fall

Based on what was described as the competition inherent in the Premium Motor Spirit (PMS) price modulation, the Minister of State for Petroleum Resources, Ibe Kachikwu yesterday, made a prediction of cheap petrol in the nearest future. He said the price of diesel, which is now 40 per cent down amid surplus supply, was enough evidence... Read More
The News Blog
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July 13, 2017
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Oil prices will affect capital projects in 2017 budget – Kachikwu

Current oil prices and production levels will affect some capital projects in Nigeria’s 2017 budget, says the Minister of State for Petroleum Resources, Ibe Kachikwu. Speaking at a press conference in Abuja on Wednesday, Kachikwu added that the Ministry of Finance is working hard to find alternative sources of funds for the budget. “In terms... Read More
The News Blog
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November 8, 2016
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The Thread: A Donald Trump win might just be good for Nigeria

The American elections are just around the corner and folks on Twitter think that contrary to popular opinion, a Trump win will boost the Nigerian Economy. Here’s what Amara Nwankpa, IT specialist and social commentator, has this to say: Now let me offer some predictions. I could be totally off, but I think Trump stands... Read More
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September 7, 2016
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#30Days30Voices: ‘The prices of things are increasing whereby the salary is not’ | Man speaks on the present state of the Nigerian economy (WATCH)

The Minister of finance Kemi Adeosun recently said Nigeria is facing one of its worst times economic wise. With the crash in oil prices and the Naira losing its value every passing day, citizens are feeling the heat in one way or the other. However, as they say its only the wearer that knows where... Read More
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May 16, 2016
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‘Oil price deregulation is the best way to help suffering Nigerians’- Lai Mohammed

The Minister of Information and Culture, Lai Mohammed wants Nigerians to know that the recent deregulation of the price of petrol is the best policy the government can come up with to alleviate the suffering of the masses. Explaining that the hardship would not last long, the minister pleaded with the labour unions threatening to... Read More
The News Blog
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March 19, 2015
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It’s going to be a very difficult year for Nigerians – Okonjo-Iweala tells CNN

by Kolapo Olapoju Minister of Finance, Ngozi Okonjo-Iweala, told Cable Network News (CNN), on Wednesday, March 18, that the rest of the year is going to be difficult for Nigeria. The statement is coming on the back of economic problems of the country, with the naira trading at a record low against the U.S. dollar,... Read More
The News Blog
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January 1, 2015
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We have your back: President Jonathan says oil prices won’t affect poor Nigerians

by Laila Ibrahim   President Goodluck Jonathan says his administration has taken steps to make certain that poor, low and medium income earning Nigerians will not be adversely affected by the continued drop in oil-prices, while also promising to deal with election troublemakers. He made these declarations in his New Year message broadcast on radio and... Read More
The News Blog
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December 29, 2014
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Be patient, we will survive – Jonathan speaks on oil price spiral

by Laila Ibrahim   President Goodluck Jonathan has implored Nigerians to persevere, in the face of current oil prices drop, assuring that the nation will survive the phase. According to him, there has been a similar occurrence in the past, between 2008 to 2009 when oil pries dropped to $40 per barrel, yet the country... Read More
The News Blog
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December 10, 2014
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@Diiwanna: Dwindling oil prices- a blessing in disguise (Y! FrontPage)

by Dayo Olugbemi On Monday, 1 December, I read Nwobodo Chidiebere’s article, titled Dwindling Oil Price: A blessing in disguise. I would love to share my thoughts on it. While I think the man made perfect sense I just wonder if he is aware of the people he just tried to address. The writer of that article showed his... Read More
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November 10, 2014
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Declining oil prices: Jonathan calls for collaboration between oil producing countries

by Laila Ibrahim President Goodluck Jonathan has implored oil producing countries to cooperate more and work together to surmount the present challenge of falling crude oil prices. The President made the comments while meeting with Angola’s new Ambassador to Nigeria, Eustaquio Janeiero Quibato. He stated that African oil producing countries particularly needed to come together... Read More
The News Blog
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October 17, 2014
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Nigerian on the edge as Brent crude prices crash to 2-year low

by Tunji Andrews Tuesday saw oil prices crash, posting it’s biggest one-day drop in two years on signs that the Organization of the Petroleum Exporting Countries was unlikely to cut production in response to lower forecast demand. Brent crude prices which have tumbled more than 20% since mid-June, trading on Tuesday at $83 per barrel,... Read More
The News Blog
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