CBN Says Non-performing Loans Are Declining But Remain Above Benchmark             The non-performing loans in the banking sector slightly declined from 5.8 per cent in May to 5.7 per cent in June, showing more resilience in the banking sector. The Central Bank of Nigeria disclosed this in...

Budget: FG To Retain $30 Benchmark Despite Oil Price Drop   The Federal Government is not considering tinkering with the $30 per barrel oil price benchmark for the 2020 budget despite the drop in crude oil price, investigations have revealed. Crude oil prices had dropped from about...

FG Slashes Budget By N1.5trn, Reduces Benchmark To $30   The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part of measures to respond to the impact of coronavirus on the economy. Included in the N1.5tn is over N457bn the government...

Oil Price Rises Above Nigeria’s $57 Budget Benchmark   The international oil benchmark, Brent crude, rose on Wednesday, gaining a seventh straight day amid broad optimism as new coronavirus cases fell for a second day in China. This is coming as concerns rose over supply after the...

Oil Price Drops Below $60 Budget Benchmark The international oil benchmark, Brent crude, extended its decline on Monday, trading below Nigeria’s $60 per barrel budget benchmark. Brent, against which Nigerian crude oil is priced, dipped by $2.10 to settle at $59.79 per barrel as of 7.45pm...

FG To Reverse Budget Benchmark If Oil Price Drops Below $60/Barrel The Federal Government will be forced to reconsider its oil price benchmark for the 2019 budget estimates if the global oil price drops below $60 per barrel, analysts at FSDH Research have said. The head...