Oil prices on Thursday rose for a fourth straight session to hit $67.23 per barrel, the highest levels in more than 11 months. This was underpinned by monetary easing policies and lower crude production in the United States. While this signaled a surge in revenue for Nigeria, it indicated a higher price for petroleum products in the country for the month of March. The country depends largely on proceeds from crude oil to service over 80 per cent of its budget pegged at $45 per barrel price in the…
Read MoreOil prices hit 11-month high, trade for $67.23 per barrel
