Friday, December 28, 2018
Alex Badeh: Family Denies Report On Cause Of Death
Refuting the cause of death, the family said the claim was a “cook-up story to deceive the public and hide the killers and their intentions.” The family called Vanguard to the late Chief of Air Staff’s Abuja residence, yesterday, to react to the claim by the suspected killers that he was killed because of the huge amount of money he had carried to his farm in Panda Development Area of Nasarawa State, to buy additional land.
Oil price drops to $48, $12 below 2019 budget benchmark
The price of crude oil, yesterday, dropped from $50 to $48 in the international market, showing $12 below Nigeria’s $60 per barrel 2019 budget reference price. Specifically, the price of Brent, West Texas Intermediate, WTI and the Organisation of Petroleum Exporting Countries, OPEC, basket of 15 crudes stood at $48.00, $43.38 and $47.92 per barrel respectively. Oil money This means that the government projections, especially total revenue projection and expenditure in the budget may not be realised, should the volatility continue in the market.