Govt to peg oil price benchmark at $42.5 in 2017

25 August 2016, Abuja – The Federal Government will base the 2017 budget on an oil price benchmark of $42.5 per barrel. Oil price currently stands at about $48.9 per barrel. This is one of the key highlights of the Medium Term Expenditure Framework (MTEF) for 2017 to 2019, which was approved by the Federal […] More »