2020 Budget – Energy Worth Online

FG constitutes committee to review oil benchmark for 2020 budget

Energy Worth5 years ago5 years ago01 mins

Damilola Shittu – Abuja Following the drastic fall in the global price of crude oil, the federal government Monday in Abuja raised a committee to come up with a new oil benchmark for the 2020 budget. Buhari had on December 17, 2019 signed N10.59 trillion 2020 budget with $57 oil benchmark and N305 to $1…

Budget under threat as oil sinks to $54

Energy Worth5 years ago5 years ago06 mins

The international oil benchmark, Brent crude, plummeted to its lowest level in more than a year on Monday, trading below the Federal Government’s benchmark for the 2020 budget, as the coronavirus outbreak hit fuel demand in China. The 2020 budget, which was signed by the President Muhammadu Buhari in December, was based on oil production…

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FG constitutes committee to review oil benchmark for 2020 budget

Budget under threat as oil sinks to $54