Over the past 18 months, crude oil prices have fallen to below $30 per barrel from their apex of above $110/b. They however recently began to notch up some gains and only last week got up to $39/b. Nigeria, which benchmarked her budget at $38/b would hope that such positive price movement continues into the near future, writes Chineme Okafor
In a pulsating show, global crude oil prices last week recovered some of their margins and finally beat Nigeria's budgetary benchmark to trade at above $38 per barrel.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article