Rise In Oil Price Continues, Inches Closer To $75pb     The price of crude oil crept higher yesterday, almost hitting the $75 per barrel mark as industry data pointed to a substantial decline in United States crude stockpiles coupled with rising fuel sales in India as...

Despite COVID-19, Africa Records $80bn Diaspora Remittances       Diaspora remittances to Africa as a whole have increased to over $80 billion despite the COVID-19 impact on economies worldwide, and against the backdrop of a fall in remittances worldwide. However, remittances to Nigeria dropped by 27.7 percent in...

Nigerian Crudes Struggle For Buyers As India Cuts Purchases – Report       Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s COVID-19 situation remains shrouded in uncertainty amid stringent regional lockdowns and weak domestic consumption. S&P Global Platts reported that most Nigerian...

Reps Want Urgent Measures to Curb Fall In Naira Value The House of Representatives has urged the Central Bank of Nigeria (CBN) to urgently put in place a policy to check further devaluation of the naira to the United States dollar and other international legal...

African Risk Capacity, Centre for Disaster Protection Seal Deal on Disaster Risk management Systems     The African Risk Capacity (ARC) Group and the Centre for Disaster Protection  have entered into a partnership agreement to mutually promote technical collaboration on capacity building, research, and advocacy through...

W/Bank Upgrades Nigeria’s Economic Growth Forecast To 1.8%       The World Bank yesterday upgraded its economic growth forecast for Nigeria in 2021 to 1.8 per cent, citing higher oil prices, structural oil sector reforms, and market-based flexible exchange rate management. This represents a 0.7 percentage point increase...