Petrol Subsidy: Oil Marketers Seek Flat Rate For Dollar
Oil marketers on Tuesday advised the Federal Government not to give special advantage to any person or group of persons in the sale of the United States dollars if it wants the removal of subsidy on...
Naira Plunges Further, Dollar Sells For N412
The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market.
This followed a temporary suspension of sale of forex to the Bureau De Change operators in the industry by the Central Bank of...
Petrol Imports: Marketers Worry Over Dollar Shortage
While the landing cost of petrol has tumbled on the back of the sharp drop in crude oil prices, major fuel marketers are not keen to resume the importation of the product as access to dollar is seen...
CBN Stops Dollar Sales To NNPC
Central Bank of Nigeria (CBN) has stopped local and international oil companies from selling dollars to the Nigerian National Petroleum Corporation (NNPC).
The apex bank said the move is in line with the its determination to improve foreign exchange supply...
Oil Declines To $28, Dollar Exchanges For N369
The price of Brent crude oil, the international benchmark, extended its decline on Tuesday, trading around $28 per barrel.
Brent, against which Nigeria’s crude is priced, fell by $1.40 to $28.65 per barrel as of 8:15 pm Nigerian...
Naira Now N413/$ At Forward Market
The naira on Friday depreciated past N400 to dollar at the forward market after Nigeria recorded its first case of coronavirus.
The naira was priced much weaker at N413.55 to the dollar in a year, compared with the N399.73 it...
