Oil Prices Expected to Rise by 10% in 2021 – Afreximbank
Afreximbank African Commodity Index for the third quarter of 2020 stated that Oil prices are expected to rise around 10 per cent over the next year. According to the index,…
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Oil Prices Climb As Faith In Supply Cuts Grows
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut crude supplies while fuel demand picks up with more cars back on…
Continue readingFG Consults with Stakeholders on Possible Reduction of Pump Price of Petrol
In the wake of the global crash of crude oil prices, the Federal Government of Nigeria (FG) has begun consultations with relevant stakeholders on the possibility of reducing the pump…
Continue readingCrashing Oil Price, Reason to Diversify Economy – Buhari
The President, Major General Muhammadu Buhari (retd.), has said that the sudden crash in crude oil price by 45 per cent occasioned by the outbreak of coronavirus, heightens the need…
Continue readingDrop in Oil Prices: Rating Agencies Warn of Possible Downgrades
The world’s top rating agencies yesterday said the sharp drop in oil prices, if sustained, could cause a wave of sovereign downgrades as well as heavy multi-notch rating cuts to…
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