Any hope for Nigeria’s 2019 budget as oil price hits $64.56 per barrel===has been published on Vanguard News Nigeria -
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Global deepwater oil production to hit new record in 2019 - Vanguard News NigeriaGlobal deepwater liquid production is set to jump by 700,000 barrels per day, bpd from 2018 to reach a record-high of 10.3 million bpd in 2019, due to new fields coming on stream in Brazil and the US Gulf of Mexico, Rystad, Oslo, Norway –based energy research firm said. In addition to Brazil and the United States, the other biggest deepwater producers will be Angola, Norway, and Nigeria, according to Rystad.
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Oil output drops as price stagnates - Vanguard News NigeriaThere are indications that threat to Nigeria’s N8.83 trillion 2019 budget is increasing from the oil revenue estimates as current reports show a decline in oil production level amidst price stagnation.
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Why we put oil price benchmark at $60 — SA Economy - Vanguard News NigeriaAmidst fears that oil price benchmark for 2019 budget may fail the test of prudence following stalemate in commodity price rally since this year, the Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, has said that the federal government relied on forecast that expects oil price to be about $65 per barrel.
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Breaking: Nigeria’s GDP increases as non-oil sector grows by 2.70%, says NBS - Vanguard News NigeriaThe National Bureau of Statistics NBS, said Nigeria’s Gross Domestic Product (GDP) grew by 2.38 per cent in real terms year-on-year as the economy recorded positive growth in the fourth quarter of 2018.
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Nigeria to host the 2019 IFBB Classics Africa - Vanguard News NigeriaThe Amateur Body Building and Fitness Federation of Nigeria have reeled out their programme for the 2019 season with the planned Ultimate Night of Champions and the IFBB Classics Africa topping the list.
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Missing oil revenue: Court fixed April 30 for FG’s suit against Oil Companies - Vanguard News NigeriaThe 69 million dollars suit filed by the Federal Government (FG) of Nigeria against Chevron Petroleum Nigeria Ltd, seeking to recover Oil Revenue has been adjourned to 30 of April by a Federal High Court in Lagos on Wednesday.
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Food prices rise in January on price discount reversal—Reports - Vanguard News NigeriaWORLD food prices recorded an increase last month compared to the previous month in December, 2018, reports by United Nation’s food agency, Food and Agriculture Organization, FAO, and a Securities and Exchange Commission, SEC, registered investment banking firm, Arm Securities, have shown.
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