Nigeria: Presidency proposes $42.5 oil price benchmark for 2017

26 July 2016, Abuja – For the next fiscal year, the executive arm of government has proposed a crude oil benchmark price of $42.5 per barrel, up from the $30 in the 2016’s budget. An estimated N7.775 trillion is expected as revenue to be generated from the oil mineral resources alone based on the proposed $42.5 […] More »