January 18, 2022 10:43 AM
On Tuesday, Brent crude futures gained 1.65% to $88.11 a barrel at 8.41 GMT+1, while U.S West Texas Intermediate increased 20.8% to $85.73.that Brent crude would climb $90 a barrel in the third quarter of this year.
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Rising Oil Prices and Nigeria’s Grim Economic IndicesNigerians should ordinarily be rejoicing over the rising prices of crude oil in the international market. However, it would be stating the obvious to say that the country is not feeling the impact …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Oil prices could rise amid tighter supply, says VitolBrent crude reached a two-month high last week, trading at $86.06 per barrel as of press time Tuesday morning. God will surely vindicate us
Source: PremiumTimesng - 🏆 3. / 78 Read more »
N1.64tn crude oil swapped for petrol in eight months – NNPCNigeria’s crude oil valued at N1.64tn was exchanged for refined Premium Motor Spirit, popularly called petrol, under the Direct Sale Direct Purchase arrangement from January to August 2021, according to official data. Not sensible enough.
Source: MobilePunch - 🏆 8. / 63 Read more »
Rivers: Civil defence anti-vandal unit disbanded over oil bunkering allegationsIt further noted that the suspension was pending the outcome of an independent enquiry set up to look into the weighty allegations levied against the unit by the governor.
Source: Daily Trust - 🏆 13. / 51 Read more »
How oil-dependence truncated Nigeria’s development | The Guardian Nigeria News - Nigeria and World NewsOrdinarily, finding a “treasure” tends to bring joy to the one who found it. Oil discovery has become Nigeria’s developmental Achilles’ Heel: in popular parlance, a Resource Curse. Six decades after independence, Nigeria remains one of the poorest countries in the world. While other countries are rising and exploring numerous was of strengthening their economy my beloved nigeria is still hanging behind with oil. We only have potential plans on sheets if papers with less or no action towards implemention.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Surging food prices push inflation to 15.63% -- first increase after 8 months of decline | TheCableThe consumer price index, which measures the rate of increase in the price of goods and services, increased to 15.63% in December 2021. This was caused largely by the usual increase in the price of consumer goods every December. This is my personal opinion though.
Source: thecableng - 🏆 2. / 80 Read more »