Anxiety over Nigeria’s economy as oil prices tumble amid OPEC, Russia failed talks
In its 2020 budget, Nigeria pegged oil production at 2.18m barrel per day, with a price benchmark of $57 per ...
In its 2020 budget, Nigeria pegged oil production at 2.18m barrel per day, with a price benchmark of $57 per ...
At the crucial meeting, members are poised to take further decisions to cut their production and stabilise the plummeting market.
Mr Sylva said that Nigeria’s compliance level had witnessed tremendous progress month by month since August.
President Buhari receives Letters of Credence from the Ambassador of Libya to Nigeria.
Until his appointment, Mr Kyari was Group General Manager, Crude Oil Marketing Division of the NNPC.
Mohammed Barkindo was first elected in 2016.
Also sapping prices was the dim outlook for oil demand growth in 2019 projected by the International Energy Agency.
OPEC to meet in April to appraise impact of output cut so far
The president played host to a representative of the Saudi monarch.
Nigeria is to be affected by the oil cuts.
Russia’s resistance to a major cut has been the main stumbling block.
The losses mark the largest one-month fall since the depths of the financial crisis in 2008.
The appointment was made by Nigeria’s Head of Delegation to the OPEC Conference, Ibe Kachikwu.
The minister says queues have been persistent because logistics and policy issues that could end the scarcity are largely unaddressed
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