OPEC daily basket price stood at $110.35/b on Monday 2nd of September 2013

The price of OPEC basket of twelve crudes stood at 110.35 dollars a barrel on Monday, compared with $111.55 the previous Friday, according to...

CBN sells forex worth $258.5m

The Central Bank of Nigeria on Monday sold $258.5m (N40.06bn) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System. The News Agency of...

Telcos, oil companies require more incentives to list on NSE

Boniface Okezie:  I think beyond calling on companies to be listed on the exchange, both the Nigerian Stock Exchange (NSE) and the Security and...

Obasanjo advises RMAFC on revenue allocation formula review

A former President Olusegun Obasanjo on Monday in Abeokuta said the sharing of the nation’s revenue among the three tiers of government must be...

OPEC daily basket price stood at $111.55/b on Friday 30th of August, 2013

The price of OPEC basket of twelve crudes stood at 111.55 dollars a barrel on Friday, compared with $112.80 the previous day, according to...

Stanbic IBTC appointed as local sovereign wealth custodian

The Nigeria Sovereign Investment Authority (NSIA) has appointed Stanbic IBTC as its local custodian. A statement signed by the Vice President, Infrastructure, Markets & Investments...

CBN compels banks to buy dollars to halt naira depreciation

The Central Bank of Nigeria (CBN) on Friday compelled banks to buy dollars at N160.5 per dollar, in a bid to halt the four...

OPEC daily basket price stood at $112.80/b on Thursday, 29th August 2013

The price of OPEC basket of twelve crudes stood at 112.80 dollars a barrel on Thursday, compared with $112.25 the previous day, according to OPEC Secretariat...

Brent slips after week of gains

Brent crude oil slipped to $115 a barrel on Friday as fears over supply disruptions in the Middle East eased after Britain said it...

External reserves drop to $46.87 billion as Naira hits one year low

Nigeria’s external reserves continued its lacklustre performance since this quarter as it fell to $46.871 billion on Wednesday, its lowest value this month. This was...

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