Interior Department officials also have approved requests to suspend rental payments on at least 375 oil and gas leases totaling almost 320,000 acres. Rental fees bring in far less revenue than royalties — $1.50 per acre for the first five years of a lease and $2 per acre for every subsequent five years, according to the Interior Department. … [Read more...] about Trump administration cuts oil, gas fees in hundreds of cases
Low monthly payments
he economic impact of the deadly virus is very high and perhaps government might need to consider more pragmatic palliatives such as social and fiscal policy palliatives, concessions on import trades because Nigeria is import-dependent; duties and port charges waiver to reduce the value chain disruptions and improve service deliveries, more low-interest credit facilities and tax breaks- particularly cutting taxes to increase and improve disposable income needs to be considered at this time. … [Read more...] about Nigeria: Democracy, economy and crude-oil
During the financial crisis in 2011, inflation, debt, the US dollar and unrest in the Middle East, pushed it towards another high. And now, as the effects of the coronavirus pandemic ripple through all parts of society, the price rise has been spurred by large investors, such as private banks. … [Read more...] about Precious metal: the gold-standard investment when a crisis hits?