Oil Benchmark.

Oil benchmark Brent hovered close to $86 a barrel on Monday as hostilities intensified between Russia and Ukraine and in the Middle East. Brent crude futures climbed 44 cents to $85.87 a barrel by 1321 GMT while U.S. crude futures gained…

The budget deficit in 2023 will jump to N11.3 trillion of the total spending estimate of N19.76 trillion in the federal government's fiscal policy for the year, Minister of Finance, Budget and National Planning, Zainab Ahmed has said.…

TITUS ALLI,  Abuja As expected, the federal government cut down the crude oil benchmark to $30 from the $57 hitherto fixed for the 2020 budget but retained the crude oil production of 2.18 million barrels per day. The reduction…