Oil prices dropped yesterday as the market reacted to United States President Donald Trump’s announcement that the U.S. had secured a deal to import up to $2 billion in Venezuelan crude. Brent crude dropped by 0.38 percent to $60.56 a barrel, while US West Texas Intermediate crude fell by 1.17 percent to $56.46 a barrel, […]
•Taiwo Oyedele Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said the proposed 5% fuel surcharge (tax) will not be implemented until there is a significant improvement in key economic indicators, particularly an appreciation of the naira or a fall in global crude oil prices. Speaking at the [&h...
There were increased concerns over the implementation of Nigeria’s 2025 budget, weekend, as oil price dropped further to $59 per barrel from more than $70 per barrel, the lowest this year. This is about 15.7 percent lower than this year’s peak price of over $70 per barrel, reports Vanguard. Funding of the budget was benchmarked […]
The price of Brent crude oil has fallen below $70 per barrel for the first time since December 2021, raising concerns about slowing global growth. The significant drop in oil prices is set to further strain the naira, which has depreciated to N1,600/$ in recent weeks, reports AFP. Meanwhile, global stock markets showed mixed results […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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