Fri Mar 4, 2016/Reuters By Camillus Eboh Nigeria may reduce the oil benchmark of $38 per barrel outlined in its 2016 budget if global crude prices continue to fall, the budget and planning minister said on Thursday. The drop in the oil price to around $30 a barrel, from over […]
Updates
IMF Discusses Principles for Evenhanded Fund Surveillance, New Mechanism for Reporting Concerns
March 4, 2016/IMF On February 22, 2016, the Executive Board of the International Monetary Fund (IMF) agreed to move forward with a framework to help ensure the evenhandedness of Fund surveillance. The framework responds to recommendations from the 2014 Triennial Surveillance Review (TSR) and, as outlined in a staff paper […]
Seawater pipeline attack heralds fresh trouble in Nigeria’s Delta
Fri Mar 4, 2016/Reuters By Ulf Laessing A sophisticated attack on a sub-sea pipeline in Nigeria’s Delta might herald a return to the kind of widespread militant violence that crippled the oil industry in Africa’s top producer less than a decade ago. Attacks on oil facilities have been on the […]
