The country’s foreign exchange reserves fell 1.94 per cent month-on-month to stand at $38.76bn on October 29, the lowest level in more than three months, according to data from the Central Bank of Nigeria. The reserves also dropped 14.28 per cent year-on-year, compared with $45.22bn the same time last year. […]
Capital Market
OPEC oil output slips in October, still close to two-year high
* Supply falls by 120,000 bpd, led by Angola, Nigeria * Saudi overall output slightly lower, exports steady * Libyan recovery continues, Iraqi exports riseOPEC * OPEC output 720,000 bpd above 30 million bpd target OPEC’s oil supply in October has fallen by 120,000 barrels per day (bpd) due to […]
Conoil 2014 Q3 Profit Decline 32%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s oil marketing firm, Conoil Plc said on Friday its third quarter (Q3) profit for the period declined 32 percent to N1.427 billion from N2.088 billion declared in the same period of 2013, the company said in a filing with the Nigerian Stock Exchange (NSE). […]
