Oil surges near $68 on better economic outlook but benefits elude Nigeria

Environment: Investor revolt replaces lax regulation of big oil companies

The risks of investing in some new oil and gas developments far outweigh whatever anticipated returns on a risk-return matrix

Oil is continuing to extend gains after closing at a six-week high but the benefits will elude Nigeria where petrol subsidy payments are guzzling up any increase in oil proceeds. The rising oil price comes as signs of strengthening demand in key markets offset concerns a Covid-19 resurgence in so

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```