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Currency Market

Crashing oil prices tighten liquidity on forex market

Naira weakened to 364 per dollar at the weekend from N363.50 the previous day as falling oil prices tightened liquidity on the currency market, traders said.

Nigeria central bank intervening to prop up naira – trader

The Nigerian central bank has been intervening in the currency market over the past two weeks to keep the naira stable as foreign investors took profits after yields fell on the local debt market, a trader told Reuters.
Iran

Iran executes two men for economic crimes

Iran executed two men accused of economic crimes on Wednesday, part of an effort to stem financial misconduct as the country faces an economic crisis and new U.S. sanctions targeting its oil sector.

Oil prices fall amidst fears of market glut

Oil prices extended their decline from last week on growing expectations that major oil producers may ease their 17-month-old production cuts.

Recent Stories

Governor David Nweze Umahi

Ebonyi governor presents 178 billion budget for 2020

Gov. David Umahi of Ebonyi on Friday, presented a budget of N178.1 billion for 2020 to the state House of Assembly.

Adams Oshiomhole welcomes Osagie Ize-Iyamu to APC, denies house arrest claims

The National Chairman of All Progressives Congress (APC), Adams Oshiomhole, has denied reports that he was placed under house arrest in Edo.

AEDC: Some Abuja residents to experience power disruption Saturday, Sunday

The Abuja Electricity Distribution Company (AEDC), says customers in parts of Central Area, Abuja will experience power interruption on December 14 and 15 due to maintenance of its facility. .
Kabiru Dogo

Kabiru Dogo set to dump Sunshine Stars over ‘interference’

Sunshine Stars head coach Kabiru Dogo may dump the Akure club in the coming days, revealed a source close to the gaffer.
Super Eagles striker Victor Osimhen was left on the bench for the entire duration in Lille’s visit to Chelsea in Tuesday’s UEFA Champions league game.

Victor Osimhen misses late penalty in Lille’s home win against Montpellier

Super Eagles striker Victor Osimhen missed a late penalty but it was not enough to prevent Lille from beating visiting Montpellier 2-1 On the French Ligue 1 on Friday night.