By Emeka Ejere The United States’ demand that importers stop buying Iranian oil saw prices surge following fears of a global shortage, but a potential trade war with China appears to…
Read More Announcement of new Iran sanctions triggers oil price rise
The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the inter-bank foreign exchange market. The CBN, in its…
Read More CBN injects another $210m into Forex Market
Nigeria has overtaken India as the country with the largest number of people living in extreme poverty, a new report by the World Poverty Clock has said. According to the…
Read More Nigeria overtakes India in world’s extreme poverty ranking
By Emeka Ejere OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls…
Read More OPEC agrees modest hike in oil supply after Saudi, Iran compromise
By Emeka Ejere OPEC edged closer on Thursday towards raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price…
Read More OPEC edges closer to raising oil output as Iran softens opposition