Nigeria Misplaced 773,100 Barrels Per Day Of Crude Oil In May 

The Nigeria oil enterprise lost 773,100 barrels per day to production shut-in due to product theft and pipeline vandalism in the month of May, 2017. At the international Brent fee of $52 per barrel, the country lost about $40.20million (N12.30billion) per day. This has however, resulted to the Nigerian National Petroleum Corporation (NNPC) having a trading deficit of N5.23billion, representing an make bigger of N3.55billion in contrast to the preceding month’s. According to the NNPC in Read more [...]

Nigeria Currency (Naira) Appreciates Against Dollar

The Naira on Tuesday favored against the greenback at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian forex won N1 to alternate at N364 to the dollar, stronger than N365 posted on Friday, whilst the Pound Sterling and the Euro closed at N470 and N430. Trading at the Bureau De change (BDC) window noticed the Naira closing at N362 to the dollar, while the Pound Sterling and the Euro traded at N470 and N430. At the investors’ window, the Naira was bought at N360.39 Read more [...]

Nigerians Nevertheless Traveling In Spite Of Excessive Airfares

Nigerians are nonetheless taking to the air this summer season in spite of announcement of a new dollar exchange price for the sale of air tickets, which has affected the fees of ticket from Nigeria to international destinations. This is as the International Air Transport Association (IATA) in Montreal, Canada, introduced that from Friday, its exchange charge for ticket sales, which stood at N327.7 to a greenback previously this week, will expand to N359.40 to a dollar from today. As a result, Read more [...]