The Nigerian government will send a proposal to the National Assembly to review the crude oil benchmark in the Medium Term Expenditure Framework, MTEF, submitted recently for the 2015 budget, an official has said.

The Minister of Finance, Ngozi Okonjo-Iweala, said at a special media briefing in Abuja on Sunday that a proposal of $73 per barrel would be sent to for consideration and approval as against the $78 per barrel earlier proposed in the 2015 budget proposal.

More Details http://www.premiumtimesng.com/business/171267-breaking-global-oil-prices-slip-nigeria-review-benchmark.html