Nigeria: Respite for Nigeria As Crude Oil Price Hits $70 Per Barrel

Crude oil prices rose above $70 a barrel yesterday, signalling that production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC had helped in tightening supplies. International Benchmark Brent crude oil sold for $70.13 per barrel during trading hours. Also, the Nigeria Bonny Light crude oil went for $69.58 per barrel, far above the country’s 2018 budget …