Oil Prices Decline as Omicron Dominates Headlines Oil markets remained volatile, buffeted by omicron variant sentiment and anticipation about OPEC+’s decision on output hikes, OANDA analyst Jeffrey Halley said in…
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An oil pumpjack operates in Signal Hill, south of Los Angeles, California on April 21, 2020. Frederic J. BROWN / AFP. Major oil producers decided Thursday to keep raising output…
Oil Claws Back Losses but Price Action Still Unimpressive Crude oil has recovered but the price action was far from impressive, with Brent crude finishing only 0.74% higher at $73.40…
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…
Oil Slumps as UK Plans to Move S.Africa, Others to ‘Red List’ Oil prices in Asia edged down on fears surrounding the South African coronavirus variant, which has sent a…
Naira Lost Against Dollar as External Reserves Declined The Nigerian local currency, naira, loses steam across the foreign exchange (FX) markets amidst a resurgence of a fresh covid-19 variant in…
Bayelsa is a state in southern part of Nigeria, located in the core of the Niger Delta region. The Federal Government on Tuesday ordered the shut down of the Santa…
MPC: Analysts Expect CBN to Keep Policy Rates Ahead of the monetary policy committee meeting scheduled for the week, a slew of analysts is expecting the Central Bank of Nigeria…
Nigerian Economy Recovering from Historic Downturn –IMF The Nigerian economy is recovering from a historic downturn benefiting from government policy support, rising oil prices and international financial assistance, the International…
Africa Watch: Eyes into Malawian Economy, Foreign Exchange Market The Malawian Kwacha continues to perform strongly against currencies of major trading partners given the lean season, sheds less than 7%…
Oil Rises as Nigeria Expects Output Issues to End in December Oil rises Tuesday as Nigeria sees end to output issues by the end of December 2021, according to Mele…
Federal, States and Local Govts. Share N671.9 Billion in October On Wednesday, the Federal Government, States and Local Government Councils (LGCs) shared N671.910 billion as Federation Accounts Allocation Committee (FAAC)…
Afreximbank Signs $1.04bn Petroleum Exploration Deal with NNPC The African Export-Import Bank (Afreximbank) has signed a $1.04 billion dollar facility with the Nigerian National Petroleum Corporation (NNPC) to finance oil…
In this file photo taken on October 15, 2021 smoke billows from a chimney from a plant in Lyon, south-eastern France on October 15, 2021. PHOTO: PHILIPPE DESMAZES / AFP…
U.S 30-Year Auction High Yield Declines, Demand Lower The U.S Treasury’s 30-year auction hit a high yield of 1.94% Wednesday, down from the 2.049% high in the previous auction. The…
Oil Slides as U.S Inventories Rise Against Expectations Crude oil price bump after U.S inventories unexpectedly rose as well as signs of weaker demand, Australia’s ANZ Bank said in a…
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Oil Prices Edge Higher on Lack of OPEC+ Action Oil prices continued to edge higher as the lack of Organisation of Petroleum Exporting Countries and allies (OPEC+) action last week,…
Spot Rate on 364-Day T-Bills Anticipated to Fall Below 6.99% Spot rate on 364-day Treasury bills has been anticipated to fall below 6.99% at the Central Bank primary market auction…
