Nigeria: Oil Price Hits $70 Per Barrel, Raises Hope for N8.6trn 2018 Budget

11 January 2018

The price of crude oil has risen from $68 to $70 per barrel in the international market as a result of rising demand, thus raising hope for the implementation of the nation's N8.6 trillion 2018 budget.

A survey of the market by Vanguard showed that the price of Bonny Light, Nigeria's premium oil grade, hit the roofs at $70, the highest in recent times this year, yesterday.

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