The nation’s external reserves have dropped to $47bn, after being stagnant at $48bn for over three months. Data obtained from the Central Bank of Nigeria’s website on Wednesday showed that the reserves dropped to $47.6bn on Tuesday. The reserves, which hit the $48bn mark on March 11, 2013, had since […]
World News
Nigerians Excluded From Financial Systems Drop to 39.7%
The Central Bank of Nigeria (CBN), on Wednesday, said its various efforts at capturing more of the population into the formal financial system are gradually yielding fruits. According to the apex bank, the number of Nigerians outside of the formal sector dropped to 39.7 from 46.3 per cent between 2010 […]
Oil near $102 on Egypt protests, US demand outlook
The price of oil neared $102 a barrel Wednesday for the first time since May last year as Egypt’s political crisis intensified, raising the risk of fuel supply disruptions. Benchmark crude for August delivery was up $2.07 to $101.65 a barrel at midday Bangkok time in electronic trading on the […]
