Tag: Benchmark
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Crude Oil Trades at Nigeria’s 2020 Budget Benchmark, $57/Barrel
The Brent crude futures continued to trade around the $57 mark on Tuesday, giving Nigeria a hope of being able to get something from oil revenue to fund its 2020 budget as envisaged. The price of the commodity had been facing south lately, no thanks to the deadly coronavirus, nicknamed CONVID-19 by the World Health…
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FG retains $60 benchmark as oil dips to $58
Indications emerged that the Federal Government retained the $60 benchmark per barrel despite the fluctuating prices of oil. Brent declined 2.01 per cent to $58.41 a barrel on Tuesday on the back of global equity sell-offs and continued concerns that the Organisation of Petroleum Exporting Countries (OPEC)/non-OPEC cuts may not be enough to rebalance an…
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Stanbic IBTC assists Dangote Cement with another benchmark
Stanbic IBTC Capital and Stanbic IBTC Bank, subsidiaries of Stanbic IBTC Holdings PLC, have partnered with Dangote Cement PLC (“Dangote Cement” or the “Company”), Africa’s largest cement producer, to conclude yet another issuance of N50 billion Series 3 and 4 Notes, under the recently established Dangote Cement PLC’s N150 billion CP Programme. Issuance of the…
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Reps approve 2018-2020 MTEF document, increase FG’s oil price benchmark to $47 per barrel
The House of Representatives on Tuesday approved the 2018-2020 Medium Term Expenditure Framework, MTEF, while also increasing the oil price benchmark proposed by the Federal Government from 45 to 47 dollars per barrel. TheNewsGuru.com reports that President Muhammadu Buhari had shortly before presenting the 2018 appropriations bill to the National Assembly sent the document alongside…