By Kayode Tokde At $36.6billion, the Nigeria’s foreign reserves hit over 20-month high amid steady increase in global oil price, increasing investment from Diaspora, among others sources. Foreign exchange reserves are assets held on reserve by a monetary authority in…
By Uthman Salami The Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has predicted that the supply crisis affecting the natural gas market might influence oil prices up by $10 a barrel. Kyari made this known on…
Brent, the crude against which Nigeria’s oil is priced, dropped in price on Monday morning following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase oil production. Industry figures showed that Brent fell…
