Nigerian Senators Raises Oil Price To $28 Per Barrel.

Federal House of Representatives


In response to the submission of the senate committee on finance at the Plenary, the senators on this day Tuesday June 2, 2020 unanimously agreed to pass the medium term expenditure framework and fiscal strategy Paper which the revised budget in 2020 would be premised on. The oil price was heightened by the red chamber from $25 to $28 an action that saw the daily oil output dropped by a million difference. (1.9m to 1.8m).