The adjustment followed recommendations from the Senate Committee on Finance, presented by its chairman, Senator Sani Musa (APC, Niger East), during an extended plenary session.

The Senate on Tuesday adopted far-reaching recommendations of its Committee on Finance, approving a downward review of ...

Nigeria's Senate approves a N54.46tn federal budget for 2026, slashing the crude oil benchmark to $60/barrel to shield the ...

The Senate on Tuesday reduced the crude oil benchmark for the 2026 budget to $60 per barrel, adjusting some provisions in the process.The original proposal in the 2026–2028 Medium Term Expenditure ...

BBC lawsuit: The British broadcaster said in a statement Tuesday morning that it will defend itself against President Trump’s ...

Ahead of the 2026 national budget presentation by President Bola Tinubu, the Senate on Tuesday reduced the $64.8 oil price ...

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing ...

Oil prices fell sharply as optimism increased for a Russia-Ukraine peace deal, sending Brent crude below $60 a barrel to its ...

Middle Eastern crude markets have shown clear signs of weakening as traders and refiners grapple with mounting concerns that regional supply is exceeding demand, adding pressure to an already fragile ...

Just as it has a long history, the Middle East has experienced a long line of conflicts both within and outside the region.

The Middle East’s Dubai oil benchmark is showing signs of worsening oversupply, adding to a slew of indicators pointing to a ...