Nigeria hopes oil prices stabilise, says Adeosun

Nigeria’s Finance Minister Adeosun speaks after the inauguration of the Efficiency Unit in Abuja

Nigeria's Finance Minister Kemi Adeosun speaks after the inauguration of the Efficiency Unit during an exclusive interview with Reuters in Abuja, Nigeria, November 30, 2015. REUTERS/Afolabi Sotunde
Published By: PM NEWS Live

21st October, 2016

Nigeria's Finance Minister Kemi Adeosun speaks after the inauguration of the Efficiency Unit during an exclusive interview with Reuters in Abuja, Nigeria, November 30, 2015. REUTERS/Afolabi Sotunde
Nigeria’s Finance Minister Kemi Adeosun speaks after the inauguration of the Efficiency Unit during an exclusive interview with Reuters in Abuja, Nigeria, November 30, 2015. REUTERS/Afolabi Sotunde

Nigeria hopes crude prices will stabilize in a range around 42 to 50 dollars a barrel, Finance Minister Kemi Adeosun said on Friday in London.

“The oil price now looks stable and that is a good thing – oil prices that are too low are a problem, but equally oil prices that are too high for us are equally a problem,” Adeosun said.

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“Stability around the $42 to $50 mark is good for us.”
Tags:   Kemi Adeosun   oil prices
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