Tag
OIL PRICE
News and stories about oil price
Naira depreciated against the US Dollar at the NAFEX window to close at N409.75 to a dollar.
The Naira gained against the US Dollar on Wednesday to close at N408.75/$1 at the I&E window.
The exchange rate between the naira and the US Dollar closed at N409.8/$1 at the I&E window as oil prices crashed to the $60 per barrel region.
Nigeria's Minister of Finance has stated that rising oil price boosts Nigeria's 2021 budget but creates fuel price headache.
Naira depreciated further against the US Dollar on Monday to close at N410.13/$1.
The exchange rate between the naira and the US Dollar depreciated by 0.08% to close at N410/$1 on Friday.
Nigeria recorded its highest foreign trade deficit since 1981 as the country's trade balance stood at -N7.38 trillion in 2020
Several factors are at play pointing to the reality that oil can only go up.
Naira gained against the US Dollar on Thursday to close at N409/$1, representing a 0.52% gain compared to N411.13/$1 previously recorded
Naira gained marginally against the US Dollar on Wednesday after enduring three days of decline to close at N411.13/$1
Nigeria's foreign reserve of $34.74 billion is the lowest in 10 months.
Naira depreciated yet again at the NAFEX window to close at a record low of N412/$1 on Tuesday 9th March 2021