Naira gains at official market as external reserve rises for the first time in over 11 weeks
Nigeria’s external reserve rose by $2 million on Wednesday to stand at $33.120 billion, the first increase in over 11 ...
Tag: crude oil
Oil falls by over $4 in 2 days
Oil started the day bearish, falling for a third consecutive session. Investors continue to speculate on the ongoing production dispute ...
Naira remains stable across forex market as dollar supply rose significantly by 135%
Naira remained stable against the US dollar on Wednesday to close at N411.45/$1 at the I&E window.
Naira weakens at official market as forex liquidity improves by 55%
Naira depreciated against the US dollar on Tuesday, having lost 32 kobo to close at N411.45/$1.
Nigeria’s foreign reserve plunges by $2.1 billion in 6 months, falls to 3-year low
Nigeria's foreign reserve dipped 5.3% year to date, to stand at its lowest level since October 2017.
OPEC’s last minute fighting, pause oil prices rally
Investors are weighing on reports showing the UAE paused a deal at the last minute, without an agreement on monthly ...
Oil prices inch higher as OPEC+ expresses optimism ahead output cut decision
The group is expected to decide on Thursday to further ease the cuts as of August 1.
Diversification: Dangote refinery may be Nigeria’s most impactful in the short term
Despite the existence of four refineries, a working Dangote Refinery may be Nigeria’s most impactful diversification.
Naira falls to N502/$1 at black market as crude oil prices lose steam
The exchange rate at the parallel market depreciated by 0.4% to close at N502/$1 compared to N500/$1 recorded the previous ...
Oil bearish over rising COVID-19 cases
With the spike in COVID-19 cases around the world, the overall bias remains strong as fuel demand has rebounded in ...
