Simon Galadima News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TODAY March 9, 2021 There will be more money for the 2021 budget implementation as the crude oil price on Monday hit $71/ barrel which doubles the $30 benchmark. But the spike in crude oil price implies that Nigerians will pay more for a litre of petrol as the landing cost will also rise, experts have said. Brent crude on Monday rose above $70 a barrel for the first time since the COVID-19 pandemic began; while U.S. crude touched its highest in more than two years following reports of attacks on Saudi Arabian oil facilities. Yemen’s Houthi forces had fired drones and missiles at the heart...

Investors and marketers in the oil and gas sector have also said the federal government is not clear on whether deregulation has been jettisoned with the announcement last week by the Minister of Labour and Employment, Senator Chris Ngige, of N5 cut in a litre of fuel pump price. They urged the government to explain the true situation of things. After tinkering with the idea for several months, the Muhammadu Buhari-led administration announced in the thick of the coronavirus pandemic that it would no longer pay subsidy on fuel. The Minister of State for Petroleum Resources, Timipre Sylva, sai...