Downstream oil sector deregulation designed to drive growth—Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva Thursday averred that the ongoing deregulation of the downstream oil sector was to ensure economic growth and development of the country. Giving further insights in Abuja, he said it was…
Double edged-sword: Rising oil price may upturn economic recoveries if…
The unfortunate truism that whenever crude oil price is rising, it presents two-way conditions for Nigerian economy is beginning to play out since the oil prices began to steady at above $70. It would be recalled that Minister of Finance,…
Nigeria currently running short fall of 278,000 bpd from the 2.3mbpd budget benchmark
Even though the recent sharp hike in crude oil prices due to provocations on Iran and developments surrounding US oil industry means rising earnings for Nigeria, the production benchmark as captured by the 2018 budget is yet to be met….
