Business

Uncertainty in oil market as OPEC postpones meeting

Efforts at stabilising crude oil price may suffer setbacks as the Organisation of Oil Exporting Countries (OPEC) and its allies struggle to manage market volatility following fresh worries over the COVID-19 pandemic. Although over one billion jabs have been administered globally, failing vaccines and rising cases of the virus, especially …

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Impact of CBN’s naira-dollar policy on forex inflows, reserves

Nigeria’s apex bank, Central Bank of Nigeria (CBN)’s policy initiatives are having salutary effect on much -needed foreign exchange inflows and reserves. Group Business Editor, Simeon Ebulu reports that the recent ‘Naira-4-Dollar Scheme’ has strengthened the country’s foreign exchange position In its determination to ensure steady inflow of foreign currency …

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