Monday 16 February 2015

REPS TO FIX $40 AS OIL BENCHMARK

Reps to fix $40 as oil benchmarkThe House of Representatives may review downward the oil benchmark in the 2015 Appropriation Bill from $65 to $40 per barrel to reflect the current reality in the global oil market.

The House reconvenes tomorrow after a month’s recess to participate in the general elections, which have been postponed from February to March. It was also learnt that the House may also review the exchange rate of N165 to a dollar as contained in the Appropriation Bill.

Read more @ New Telegraph

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