Tag Archives: Brent crude oil

Nigeria’s foreign exchange reserves rise

Nigeria’s foreign exchange reserves have climbed beyond $40billion as of last week, according to the Head of Communications, Central Bank of Nigeria (CBN), Isaac Okoroafor. Data from the apex bank shows the reserves rose to $42.8 billion, growing by $3.5 billion since the beginning of the year. The reserves opened the New Year at $39.3 billion. The steady increases have ...

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Oil rises, poised to make above $70 , on fewer U.S. rigs, OPEC

Oil prices rose on Monday, poised to make above 70 dollars on a slight decline in the number of U.S. rigs drilling for new production and sustained output cuts by the Organisation if Petroleum Exporting Countries (OPEC). Brent sweet crude futures were at 67.95 dollars a barrel, 33 cents above their last close. The Brent oil is poised to rise ...

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