Nigeria Sets New Oil Benchmark
The government and lawmakers may be poised for a confrontation as the Senate has rejected the government's benchmark of U.S.$75 in the 2013 budget and raised it to a higher rate of U.S.$78 per barrel.
Vanguard, 17 October 2012
Strong indications emerged, yesterday, that the Presidency and the lawmakers may be poised for a war as the Senate has rejected the Federal Government's pegging of $75 per barrel... read more »
Shell oil barrel Port Harcourt.
Vanguard, 16 October 2012
STRONG indications emerged, Tuesday that the Presidency and the lawmakers may be poised for a war as the Senate has rejected the Federal Government's pegging of $75 per barrel as... read more »
Nigeria: Senate Pegs Oil Benchmark At U.S.$78
Daily Trust, 17 October 2012
The Senate yesterday recommended a benchmark price of $78 per barrel of crude oil, against President Goodluck Jonathan's proposal of $75.read more »
This Day, 17 October 2012
Some analysts in the Nigerian financial service sector have commended the prudent and conservative oil benchmark of $75/b adopted by the Federal Government in the budget presented... read more »