Brent crude plunged by over 4.75% to trade at $49.85 a barrel after rising 1.5% to its highest since March on Friday. Oil prices dropped over 4% at Monday’s trading session amid reports that reveal the fast-spreading new COVID-19 strain has shut down much of the United Kingdom. This has further led to tighter restrictions […]
The Naira appreciated marginally against the dollar, closing at N477/$1 at the parallel market on Friday. Forex turnover dropped by 32.9%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1 during intra-day trading on Friday, December 18. Also, the Naira appreciated marginally against the Dollar – closing
Naira gains at the parallel market. More stabilization expected this weekRead More »
The Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N394.67/$1. Forex turnover rose by 78.7%, as the Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N394.67/$1 during intra-day trading on Wednesday, December 16. Also, the Naira depreciated marginally against the dollar, closing at N476/$1
Oil prices have rallied for six consecutive weeks, their longest streak of gains since June. Oil prices kept their cool at the start of trading for the week. Crude oil prices are back above $50 a barrel, buoyed by hopes that a rollout of COVID-19 vaccines would support global energy demand. Oil prices have rallied
Oil prices rally for 6 weeks, longest streak since JuneRead More »
The Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market. Forex turnover rose significantly by 180.6% on a record dollar supply, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N394.00/$1 during intra-day trading on Thursday, December 10. Also, the Naira appreciated marginally against the
Naira gains some value in forex markets as CBN intervenes with record dollar supplyRead More »
Brent Crude traded ay $50.16/Barrel showing a gain of over 2%, while the WTI futures traded at $46.87/Barrel. Crude oil prices showed remarkable resilience at the close of Thursday’s trading session in London. Brent crude prices were trading at $50/barrel touching the highest price area since March amid positive macros coming from COVID-19 vaccines. At
Oil prices hit $50/barrel for the first time since MarchRead More »
The Naira appreciated against the dollar, closing at N476/$1 at the parallel market on Thursday. ABCON President, Aminu Gwadebe, had blamed the crash of the naira on illegal activities that include hoarding, speculation, illegal cash evacuations through the nation’s borders, use of the dollar for gratification and so on. Parallel market: According to information from Abokifx –
Naira gains again across forex markets as dollar supply rises significantlyRead More »
Forex turnover dropped by 16.15%, as the Naira’s exchange rate at the NAFEX window still remained stable against the dollar to close at N395/$1 during intra-day trading on Tuesday, December 8. Also, the Naira depreciated marginally against the dollar, closing at N483/$1 at the parallel market on Tuesday, December 8, 2020, with Nigeria’s external reserve losing
Naira weakened at black market as external reserve loses $452 million in a monthRead More »
The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. Forex turnover dropped by 53.9%, as the Naira’s exchange rate at the NAFEX window continued to remain flat against the dollar to close at N395/$1 during intra-day trading on Monday, December 7. Also, the Naira depreciated against the
Naira falls again at black market as dollar supply drop by 54% despite demand pressureRead More »
Crude oil prices dipped due to oil traders being jittery over rising global cases of COVID-19, despite hopes of effective vaccines. Crude oil prices dropped at the first trading session of the week. The plunge is largely attributed to the continual rise in COVID-19 cases globally, as oil traders got jittery on the bias that
Oil prices fall, Oil traders edgy on rising COVID-19 casesRead More »
