Price of petroleum

By IndepthAfrica
In Nigeria
Nov 22nd, 2012
0 Comments
24 Views
NGOZI OKONJO-IWEALA is a woman who speaks her mind. Just over a year into her second stint as Nigeria’s finance minister, she has written a new book that she describes as a road map for low-income oil-exporting countries and poor countries committed to reform. If she really does have an effective roa...
By IndepthAfrica
In Article
Oct 15th, 2012
0 Comments
29 Views
Below explains how the $75 benchmark price was arrived at, the dangers of an overly high benchmark price, relevant examples from other countries and related issues. - Why $75 Benchmark Price for Budget 2013 Is Right for Nigeria   An overly high benchmark price likely to lead to higher inflation, decl...
By IndepthAfrica
In News
Jan 13th, 2012
0 Comments
14 Views
Nigerian unions leading a nationwide strike against soaring fuel prices say they will halt their protests — but only for the weekend. The Nigerian Labor Congress said Friday that it wants members to take a break from demonstrations on Saturday and Sunday, then return to action on Monday. Labor leader...
By IndepthAfrica
In News
Jan 11th, 2012
0 Comments
14 Views
Nigeria’s biggest oil workers’ union said it was putting oil platforms on red alert in preperation for shutting down output from Africa’s largest producer, as part of a nationwide protest against the axing of a popular petrol subsidy. Nigeria exports over 2 million barrels of crude ...
By IndepthAfrica
In News
Jan 10th, 2012
0 Comments
9 Views
Anger swept across Nigeria Tuesday as huge crowds gathered to protest soaring fuel prices and corruption during the second day of a nationwide strike. Police in the main commercial city of Lagos watched as thousands of people chanted anti-government slogans while smoke from burning tires rose to the ...
By benim
In News
Jul 1st, 2011
0 Comments
11 Views
The biggest risk to South Africa’s inflation outlook in the near future remains global food and oil prices, the Reserve Bank said on Friday. In its 2011 Annual Economic Report, the bank noted that the upward trend in international oil prices had been reinforced by the political strife in the Mi...
By benim
In Mozambique
Mar 30th, 2011
3 Comments
21 Views
Mozambique will hike food and fuel prices but will offer other aid to the poor in the hope of averting a repeat of last year’s deadly riots, development minister Aiuba Cuereneia said on Wednesday. The government will phase out subsidies on fuel starting in April, but instead offer transport pas...