OPEC’s proposed deal to cut production has “put a floor” under the oil price at around $50 a barrel, Reuters reports.
International benchmark Brent crude dropped to a little above $52 from nearly two per cent gain of $52.67 last night.
West Texas Intermediate, hit a year-high of close to $52 at one point last night and was holding above $51 a barrel this morning.
Optimism is growing for future trading, too, BMI Research says it sees “significant potential for an upwards break […]
According to reports, the Minister of Budget and Planning, Udoma Udo Udoma, on Friday said the executive will collaborate with the National Assembly towards ensuring early passage of the 2017 Appropriation Bill.
He also assured Nigerians that the crisis witnessed in the passage of the 2016 budget will not be experienced in the 2017 budget, saying the National Assembly may not spend up to three months to look at the budget.
Udoma, who was a guest on Channels TV said Nigeria is […]