Oil: Falling Price Shocking, Budget Strained, Says FG   The Ministry of Finance, Budget and National Planning, Zainab Ahmed, has said the coronavirus which had led to a huge drop in crude oil prices will put a severe strain on the Federal Government’s budget. Ahmed said this...

BREAKING: Oil Price Crashes To $33, Loses $11 In Hours   The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel. Oil prices suffered an historic collapse overnight after Saudi Arabia shocked the market by launching a...

Oil: Prices Dip To $55 Over Fears Of Demand Disruption   Oil prices fell on Tuesday as fears of demand disruption amid the coronavirus outbreak continue to weigh on market sentiment. Brent Crude was traded down 0.81 per cent at $55.32 while WTI was down 1.01 per...

Oil Prices Jump By 4% After Reports On Coronavirus Drug   Oil prices jumped by four per cent on Wednesday on media reports that scientists had developed a drug against the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil...

VAT Increase May Raise Vehicle Prices, Airfares   There are indications that the increase in the rate of the Value Added Tax as spelt out in the Finance Law will lead to a hike in airfares as well as prices of new and used vehicles. A new...

Nigeria Faces Crude Production Decline As Oil Price Rises   The international oil benchmark, Brent crude, rose slightly on Thursday on the back of improving trade relations between the United States and China as well as rising tensions in the Middle East. Brent, against which Nigeria’s oil...