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CBN Raises BDCs Trading Margin in Dollar Sales in Nigeria…

DETERMINED to stem the tide of falling value of the naira and even shore up its exchange rate, Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau De Change (BDC) in the country. Analysts believe this will motivate BDCc to …

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Oil Prices Soar Over Fears of US Strike on Syria…

Latest update as Oil prices have soared to their highest level since December 2014 amid the possibility of the US carrying out air strikes against Syria. Brent Crude rose to $71.33 per barrel late on Tuesday, marking its highest level since December 3, 2014, markets showed. American benchmark West Texas …

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Govt Confirms Anambra’s Status As Oil Producing State…

The Federal Government has at last recognized Anambra as one of the oil producing states in the federation. National chairman of Host Communities Producing Oil and Gas, HOSCON, Prince Mike Emuh disclosed this yesterday at Anambra State Traditional Rulers’ House, Government House, Awka, while briefing traditional rulers in the state. …

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US Dollar Extends Rise On Reducing Trade Tensions…

The US dollar continued to be higher against its major counterparts in the European session on Thursday, buoyed by reducing fears over a trade war between the US and China after Washington expressed willingness to negotiate a resolution for proposed tariffs. News that officials from US and China had signaled …

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KACHIKWU: “Nigeria Preparing to Comply with OPEC Output Cap”…

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Nigeria will refocus on oil projects that deliver higher returns to keep production within the limits set by OPEC, oil minister Emmanuel Kachikwu said late Tuesday. The country has been struggling to make good on its pledge not to produce above 1.8 million b/d under the OPEC/non-OPEC output agreement, with …

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