FG unveils strategies to survive pandemic, future oil price crash
…Nigeria petroleum industry lacks capacity to change, adapt – NAEE …How we are navigating pandemic challenges – PTDF By Michael Eboh Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday, disclosed that the Federal Government has adopted key strategies to help strengthen the Nigeria petroleum industry after the COVID-19 pandemic and also insulate the […]
Nigeria hopes for $15 price rebound from oil cut deal
Nigeria said Friday that a “historic” agreement between major oil producers to cut output by 10 million barrels per day, if it goes forward, could boost prices by $15. Oil cartel OPEC announced the agreement after marathon talks aimed at halting a price war between key players Saudi Arabia and Russia that has sent crude […]
Oil price slump: FG slashes fuel price to N123.50 per litre
By Michael Eboh The Federal Government, Tuesday, further slashed the price of Premium Motor Spirit, PMS, also known as petrol, to N123.50 per litre, with effect from April 1, 2020, from N125 per litre. The new price, which would last throughout the month of April, was coming on the back of a continuous decline in […]
Oil price drop: FIRS automates tax platform to mitigate effect on economy
The Federal Inland Revenue Service, FIRS, Wednesday, unveiled a new electronic and automated platform for taxpayers, as part of measures to aggressively mobilise revenue for the country to cushion against the effect of the Coronavirus and the declining price of crude oil.
Our strategies against oil price crash – Emefiele, Fashola, Ahmed
On Wednesday, top officials of the monetary and fiscal authorities, as well as the Organised Private Sector (OPS), met at the headquarters of the Central Bank of Nigeria (CBN) in Abuja to deliberate on how best to reduce the impact of coronavirus, which has become a global emergency, on the Nigerian economy
Oil price plunge: winners and losers
The crash in world oil prices Monday risks severely damaging revenues for crude producing countries and companies across the globe, while benefitting consumers through lower heating and motor fuel bills. Oil markets nosedived as much as 30 percent after top exporter Saudi Arabia slashed its prices and raised output to preserve market share in the […]
