Naira Exchange Rates - Parallel Market Lagos. *Prevelant Rate - Could be slightly higer or lower based on vendor.
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Oil at 5-week high as OPEC sources, Russia, talk of cooperation - Reuters

NEW YORK, Aug 16 (Reuters) - Oil settled up nearly 2 percent on Tuesday, hitting five-week highs for a second straight day as sources at OPEC spoke of Saudi Arabia's desire for higher crude prices while Russia met the producer group to discuss…

CBN Reviews Weekly Dollar Sale to BDCs to $50,000 - Thisday

The Central Bank of Nigeria (CBN) on Tuesday resolved to raise the amount of weekly foreign currencies which banks are authorised to sell to bureau de change operators (BDCs) to $50,000 from the initial $30,0000. Also, the apex bank said…

CBN increases dollar sale to BDCs from $30,000 to $50,000 -

The Central Bank of Nigeria has approved an increase in the maximum amount that would be sold to each licensed Bureau De Change operator from $30,000 to $50,000 per week. The decision was taken at the Bankers’ Committee meeting which was…

Oil trades at fresh August high on hopes producer action - Reuters

LONDON Aug 16 (Reuters) - Oil prices reached their highest levels in more than five weeks on Tuesday as the market rode optimism over potential producer action to prop up the market. Oil production losses in Nigeria, where more than 700,000…

Naira may appreciate to N300 per dollar – BDC operator -

A Bureau De Change (BDC) operator, Mr Harrison Owoh, on Monday predicted that the Naira might appreciate to N300 against the dollar within a week. Owoh said the CBN’s directive to banks to sell $30,000 to BDCs weekly could be responsible…

Kachikwu: Nigeria Will Need Extra 900,000b/d to Recover Oil Lost to Militancy - Thisday

The Minister of State for Petroleum, Dr. Ibe Kachikwu, has said that Nigeria will have to increase oil output by an average of 900,000 barrels per day (b/d) in order to recover crude oil that has been shut in to a series of militant attacks…