Crude oil price falls below $60, stoking fears of weaker naira and wider deficits
Nigeria is staring down the barrel of twin macroeconomic shocks as Brent crude prices plunge below $60 per barrel.
Tag: Crude oil price
Crude oil price rises above $71 as U.S. strikes Yemen’s Houthis
Brent oil futures rose above $71 on Monday following the United States’ military strikes on Yemen’s Houthis over the weekend.
Latest crude oil price drop threatens Nigeria’s revenue and naira stability
Crude oil prices dipped on Tuesday after the U.S. government implemented fresh tariffs, raising concerns about global trade tensions and ...
Exchange rate falls to record low of N1,681/$1 on official market
The naira slipped to an all-time low of N1681 per dollar at the official Investor and Exporter (I&E) window on ...
OPEC dismisses report of crude oil price dropping to $50 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) has refuted a report suggesting that crude oil prices could drop to ...
Oil price to rise above $90 per barrel if Israel-Iran conflict continues – Report
The price of crude oil is expected to rise further on Monday, above the $90 benchmark, after Iran’s attack on ...
Oil price rises above $122 per barrel as diesel prices surge further in Nigeria
Crude oil price rose to over $121 per barrel on Monday evening as the increasing price of diesel persists in ...
Exchange rate maintains stability at official market despite drop in forex turnover
Naira gained marginally against the US dollar on Tuesday with a 0.01% appreciation to close at N416.33/$1.
Exchange rate depreciates at I&E window, P2P, and parallel markets
Monday, 24th January 2022: The exchange rate between the naira and the US dollar at the official Investors and Exporters ...
Exchange rate gains at official market as forex turnover records boost
The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at ...
