Crude prices slump to $65 first time since 2021

Oil prices plunged this week to $65 per barrel as the United States import tariffs and an unexpected OPEC+ supply hike erased $10 per barrel from global benchmarks. The price appreciated last week when US President Donald Trump imposed tariffs on any country that buys crude from Venezuela. However, oil prices turned around the corner

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    CBN blames debt servicing as FX reserves drop $2bn

    Nigeria’s gross foreign exchange reserves fell by $2.57bn from January to March 2025, marking a 6.29 per cent decrease over the three-month period. This was revealed in external reserves data available on the website of the Central Bank of Nigeria. Earlier this week, the CBN attributed the decline in the country’s foreign exchange reserves during
    Read More

    Nigeria’s gross foreign exchange reserves fell by $2.57bn from January to March 2025, marking a 6.29 per cent decrease over the three-month period. This was revealed in external reserves data available on the website of the Central Bank of Nigeria. Earlier this week, the CBN attributed the decline in the country’s foreign exchange reserves during

    Read More

    Adamawa Customs generate N195m

    The Comptroller of Customs, Adamawa and Taraba states command, Garba Bashir, has said the command generates a sum of N195,719,930m as duty paid value on seized petroleum products within four months. Addressing journalists in Yola, Bashir said the illegal exportation of petroleum products had caused untold hardship on the citizens and the nation at large.
    Read More

    The Comptroller of Customs, Adamawa and Taraba states command, Garba Bashir, has said the command generates a sum of N195,719,930m as duty paid value on seized petroleum products within four months. Addressing journalists in Yola, Bashir said the illegal exportation of petroleum products had caused untold hardship on the citizens and the nation at large.

    Read More

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