Naira drops to N387.65 per dollar, as crude oil prices plunge to $27

A quick look at the evolution of money,Naira drops to N387.65 to the dollar as crude oil price plunges to $27,Naira drops to N387.65 to the dollar as crude oil price plunges to $27

Nigeria's currency is expected to have little price swings in the coming weeks, as the lockdown aggravates dollar shortages.

Oil price decline is driven by poor market

OPEC+ Alliance, US, Russia, Canada, Mexico reach historic deal to cut 13.4 million bpd

by Nairametrics

April 12, 2020

A historic deal to cut global crude oil output has been reached between OPEC, Russia and a group of 20 ...

Crude Oil up 10%, as Brent crude rises to $27 per barrel

by Olumide Adesina

April 2, 2020

Crude oil price rose on Thursday after President Donald Trump showed faith that the damaging oil price battle between Saudi ...

land borders to be reopened soon, Finance, Ministaer, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019 , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says, Budget deficit increases by N351.98 billion, as FG misses revenue target, Economy: Funding MSMEs in Nigeria , Finance Bill: New tax regime to take effect from Jan 2 - FG , Again, Finance Minister argues that Nigeria is not in debt distress , ECOWAS: Single currency regime not kicking off in 2020 , FG: CBN holds N43 billion stamp duty charges collected by banks , FG may shift deadline to deactivate bank accounts without tax verification, Confusion as ministry and presidency disagree over Finance Act start date, 7.5% VAT: Implementation to begin Feb 1 – FG , Finance Minister: Nigeria to go into recession if ..., Foreign tech companies that will now pay tax to FGN: see the criteria

Finance Minister: Nigeria to go into recession if …

by Chike Olisah

March 28, 2020

The Minister for Finance, Budget and National Planning, Zainab Ahmed, has warned that Nigeria might go into another round of recession.

FG battles 6 oil firms for failure to remit N20 trillion , ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investment in Nigeria, Crude Oil: Nigeria’s oil production slips for the third consecutive month , Tax reform, policy uncertainty to cause oil drop as foreign firms look outside Nigeria, Nigeria plans to support oil price with lower production cost per barrel, Oil price slumps further to $30 pb, as Nigeria grapples with high production cost, Reduction in PMS: A nod to the deregulation of the downstream sector?

Reduction in PMS: A nod to the deregulation of the downstream sector?

by CSL Stockbrokers

March 20, 2020

The Presidency yesterday announced a reduction in the price of Premium Motor Spirit (PMS) to N125 from the current price ...

FG moves to capture 80% of Nigerians in formal financial services sector, Massive depreciation of the Naira as investors get jittery, Naira’s one-year currency forward falls to N515

Naira depreciates further as investors get jittery,

by Chike Olisah

March 12, 2020

The severe pressure on Nigeria’s foreign exchange market has led to significant depreciation of the Naira across all the market ...

NNPC says Nigeria’s cost of oil production is now $23 a barrel

BOOM: Crude oil price crash below $30 in worst trading day since 1930

by Research Team

March 9, 2020

Crude oil price crashed below $30 on Sunday evening's market-opening after Saudi Arabia launched a price war in reaction to ...

Oil prices spike after Saudi Aramco facilities suffer drone attack

by Bamidele Samuel Adesoji

May 15, 2019

The facilities of Saudi Aramco suffered setback early Tuesday morning after explosive-laden drones attacked two pumping stations belonging to the ...

Why Nigeria is in deep revenue problem, despite rise in oil price

by Dennis Adesanoye

October 25, 2018

For every litre of Premium Motor Spirit (petrol) consumed in Nigeria, Akabueze confirmed that the nation spends N55 to subsidise ...

Tag: Crude oil price