Naira May Depreciate To 475/$, Says Rewane
The naira will weaken in the parallel market as oil prices stay at $40-$42 per barrel and likely depreciate to 470-475 against the dollar in November and December, the Managing Director/Chief Executive Officer, Mr Bismarck Rewane, has said.
Rewane...
Fed Govt Pushes For Transparency In Oil Industry
The Federal Government is seeking to bring transparency in oil industry and impose sanctions on firms that fail to, or partially publish details of their contracts as well as payments to governments and private sector annually.
The Federal...
MAMA Centre Congratulates US President and Vice President-elect, Calls for Gender-inclusive Politics in Africa, Nigeria
The Mothers And Marginalised Advocacy Centre (MAMA Centre) heartily congratulates newly elected President and Vice President of United States of America, Joe Biden and Kamala Harris on their victory from...
Oil Price Rises By 2% After Falling To $36
The international oil benchmark, Brent crude, gained nearly two per cent on Monday, shaking off earlier losses, as the United States heads into a contentious presidential election.
Brent, against which Nigeria’s oil is priced, had fallen more...
Low, Middle Income Countries To Attract $508bn Remittances
The World Bank has projected that remittances by migrant workers to low and middle income countries (LMICs) will drop to $508 billion in 2020.
In a migration and development report released by the bank, it said the economic...
WTO: Fed Govt Moves To Counter US Position On Okonjo-Iweala
As the world awaits the outcome of the final consensus decision on the next World Trade Organisation, WTO, there are indications that Nigerian government may have started diplomatic actions to head-off opposition from the United...
