LAGOS MARCH 19TH (NEWSRANGERS)-The Federal Government in a statement issued on Wednesday directed the Nigerian National Petroleum Corporation to reduce the ex-coastal and ex-depot prices of petrol, “to reflect current realities.” Reacting to the directive, the NNPC in a tweet on Wednesday, said: “effective 19th March 2020, the Ex-Coastal price for PMS will be reviewed…
LAGOS MARCH 10TH (NEWSRANGERS)-President Muhammadu Buhari Monday responded to the drastic crash of crude oil in the international markets by constituting a presidential committee to review the 2020 budget and the oil benchmark and recommend realistic options that will make the document significantly implementable. The Nigerian blend, Bonny Light closed at $46.33 Monday from about…
LAGOS DECEMBER 28TH (NESRANGERS)-More indications that the implementation of the 2019 financial estimates presented to the National Assembly by President Muhammadu Buhari, a couple of weeks ago, may be difficult emerged yesterday as oil price slumped to $49.9 before it recovered to $51 later in the day. The slide was the lowest since July 2017…
LAGOS AUGUST 26TH (NEWSRANGERS)-Prior to Eid-el-Kabir celebrations, prices of fresh tomatoes and pepper which witnessed a significant drop in early August after hitting the roofs between June and July soared again slightly during the celebrations. But visits to some markets across the state after the Ei-del celebrations revealed that prices of the produce had declined,…