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Naira Recovers After Devaluation at Investors/Exporters FX Window The Nigerian local currency, naira, traded stronger against the United States dollar at the investors and exporters foreign exchange market during the…
Oil Rises to 7-Week High on Kazakh Unrest, Libya Outages Oil traded higher early on Thursday as Libya exports continue to falter while civil unrest in Kazakhstan raises concern over…
Oil Prices Rally Over Supply Concerns Amid Kazakhstan Conflict While demand concerns over omicron are starting to fade, supply concerns play a more important role in the latest oil price…
In this file photo taken on November 29, 2016, the logo of OPEC is pictured at the OPEC headquarters on the eve of the 171th meeting of the Organization of…
Buhari Signs N17.127 Trillion 2022 Budget UPDATED: In keeping with the tradition of restoring a predictable January to December fiscal year, as provided for in the Constitution of the Federal…
Six African Countries in Debt Distress, 15 Warming Up In 2021, not less than six African countries including Congo Brazzaville, Mozambique, São Tomé and Príncipe, Somalia, Sudan and Zimbabwe are…
Supply Disruption in Libya Drives Oil Prices Upward Oil prices jumped higher as a strain in crude oil supply reduce pressures in the market on Monday following disruption in Libya…
10-Year U.S. Treasury Yield Rises to 1.62% The 10-year U.S Treasury yield rose 12 basis points to 1.62% on Monday. Similarly, US stocks were up modestly shortly after midday Monday…
The Nigeria Labour Congress has again threatened to shut down Nigeria in protests should the government go ahead with its plan to raise the price of petrol and electricity tariff…
Rivers State Governor, Nyesom Wike, has ordered the shutdown of illegal crude oil refining sites in the state with immediate effect. In his new year message released on Saturday by…