Oil prices have risen to near $68 due to a brighter economic outlook, but Nigeria has yet to reap the benefits.

After closing at a six-week high, oil is continuing to rise, but the benefits will elude Nigeria, where petrol subsidy payments eat up any boost in oil proceeds. The rise in oil prices comes as signs of stronger demand in key markets offset concerns that a resurgence of Covid-19 in some countries, especially India, would dampen...for further reading, click on https://businessday.ng/energy/oilandgas/article/541503/

Source: BusinessDay Newspaper                     Apr 29, 2021