![NG-[A_BA[COMP_TABL_ALLC]:TABLETS_160x600](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vuHC5jSJYAR5ogSY9_HXHtLFKoxHfsyq34SA2QiaKhrC4ws0BG_TX1E3tUmmtKH4Qw3WUqaiz3ZynlQeo4mUr18Y1a0F-3c9Zeck7pDww7mnNv8ol46_EBoJWu9XFzl9RE6bihFAlB3n0qL8pJ5IwW15dIh0GJ6cvKgvMrmU6xdkIG9yJUoA=s0-d)
The Ministry of Finance said it had adjusted Nigeria’s oil benchmark from $73 to $65 per barrel, in light of lower world oil prices.
On Thursday, crude oil price stood at $67.31 per barrel, lower than the $73 the government requested its National Assembly to approve late November.
The Minister of Finance, Ngozi Okonjo-Iweala, had said that the benchmark would be reviewed further if the price of oil continues to fall.
According to her spokesperson, Paulo Nwabuikwu, the new proposal was sent on Wednesday to the National Assembly for approval.
About Unknown
Deji Sadiq, a.k.a DEJI OF LAGOS is a LASU trained Economist turned freelance journalist, a Blogger, an information strategist, a public affairs analyst and a committed activist with a passion for equal opportunities.
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