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Analysts Foresee Faster Economic Recovery as Oil Price Hits $60

•Advises FG to raise VAT to 10% by 2022 By Obinna Chima, Nume Ekeghe in Lagos, Emmanuel Addeh and James Emejo in Abuja Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020. The International Monetary Fund (IMF) has also stressed the need for the federal government to intensify revenue mobilisation in order to reduce fiscal sustainability risks. The analysts, however, urged the federal government to be prudent in the utilisation of the extra revenue that may accrue to its purse. They also cautioned that while the price appreciation could help in meeting and surpassing the $40 per barrel benchmark in the 2021 budget, thereby helping to fund the fiscal deficit, higher fuel price may increase inflation rate which is already at 15.75 per cent as at December.

Nigeria generalUnited statesSaudi arabiaAbuja federal capital territoryUche uwalekeIbrahim shellengChijioke ekechukwuNume ekegheDiekola onaolapoJames emejoEmmanuel addehObinna chimaCredent investment managersInternational monetary fundHead of researchAfrican department

《國際產業》油價登13月新高分析師示警：已進人超買區_富聯網

《國際產業》油價登13月新高分析師示警：已進人超買區_富聯網
money-link.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from money-link.com.tw Daily Mail and Mail on Sunday newspapers.

Saudi arabiaUnited statesNational leagueSaudi nationalUnited states west texas intermediateWest texas intermediateசவுதி அரேபியாஒன்றுபட்டது மாநிலங்களில்தேசிய லீக்சவுதி தேசியஒன்றுபட்டது மாநிலங்களில் மேற்கு டெக்சாஸ் இடைநிலைமேற்கு டெக்சாஸ் இடைநிலை

Oil price hits $60, highest in over 12 months

Oil price hits $60, highest in over 12 months
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United statesOrganisation of the petroleum exporting countriesPetroleum exporting countriesUnited states west texas intermediateCrude oil priceLatest nigerian newsNigeria newsLatest newsEnd sarsReform sarsLagos protestProtest near meProtests todayProtests in nigeriaஒன்றுபட்டது மாநிலங்களில்ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள்

需求看俏與供應受限激勵油價大漲 - 財經

需求看俏與供應受限激勵油價大漲 - 財經
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Saudi arabiaUnited statesUnited states west texasLondon brentUnited states west texas intermediateNew crownWanda senior marketMarket commerceசவுதி அரேபியாஒன்றுபட்டது மாநிலங்களில்லண்டன் ப்ரெண்ட்ஒன்றுபட்டது மாநிலங்களில் மேற்கு டெக்சாஸ் இடைநிலைபுதியது கிரீடம்

Oil falls amid coronavirus-induced demand worries, stronger dollar

Oil falls amid coronavirus-induced demand worries, stronger dollar January 28, 2021 Oil fell on Thursday on fresh fuel demand worries because of travel curbs to prevent new coronavirus outbreaks and delays with vaccines and a stronger dollar weighed on prices. The United States West Texas Intermediate (WTI) crude futures fell 36 cents, or 0.7 per cent, to $52.49 a barrel at 0738 GMT, erasing Wednesday’s gain. Brent crude futures fell 46 cents, or 0.8 per cent, to $55.35 a barrel, after losing 10 cents on Wednesday. The dollar index, which measures the currency against other major currencies, rose to 90.753 from a January low of 89.206. Buyers, using other currencies must pay more for dollar-denominated oil when the currency rises.

United statesEuropean unionUnited states west texas intermediateLunar new yearChinese ministryஒன்றுபட்டது மாநிலங்களில்ஐரோப்பிய தொழிற்சங்கம்ஒன்றுபட்டது மாநிலங்களில் மேற்கு டெக்சாஸ் இடைநிலைசந்திர புதியது ஆண்டுசீன அமைச்சகம்