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Tag: Oil prices
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…
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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…
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BREAKING: Oil price rises after OPEC cut
Oil prices held above the $50 barrier on Thursday following OPEC’s decision to carry out its first output cut in eight years. At a meeting in Vienna on Wednesday …
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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,…
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Feyi Fawehinmi: Malaria taxes or basket water?
A few weeks ago at an event in Ghana, Tunde Fowler, Nigeria’s chief tax collector, said that a tax of N5,000 was enough to save a child suffering malaria from death.…
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‘Happily, Nigeria is broke…’ – DG NOA
The Director-General of the National Orientation Agency, Garba Abari, has expressed delight at the lack of "free money" in the country due to the slump in oil prices. He said…
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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…
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Naira has fallen: The lambs remain silent
by Manasseh Egedegbe I was in the UK a few weeks ago. I bought bottled water from a store and I got a couple of coins as change. One of…
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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…
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Unstable oil rises to $41.43, then settles at $39.84 per barrel
Oil prices appeared to have continued the positive momentum of Monday, as it rose again in the morning of Tuesday, but eventually ended the day at $39.84. After a surge…
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2016 budget is indeed ‘achievable’ as oil prices rise to all-year high of $39
The global price of crude oil has risen to above $39 per barrel, surpassing Nigeria's 2016 budget benchmark of $38 per barrel. In January, the federal government was heavily criticised…
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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.…
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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…
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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…
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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…
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@AsiwajuTinubu on slump in oil prices: GEJ, this is the way out
by Bola Tinubu A wash in the great tide of politics, we must not forget why politics can be a noble endeavour. It leads to governance. When done correctly, governance can…
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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…
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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…
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YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy