July 13, 2022/CSL Research The continued divestments by International Oil Companies (IOCs) from their Nigerian operations have been a source of concern. In the latest development, the Nigerian National Petroleum Corporation (NNPC), now NNPC Limited, has secured an injunction from the Federal High Court in Abuja restraining the sale of […]
OPINION/EDITORIAL
Oil Prices Crash By More Than 7% On Demand Destruction Fears
July 12, 2022/OilPrice.com Chart of the Week – The International Energy Agency has warned that, despite the current energy crisis being potentially the worst ever, it is still far from being over. – International attention has shifted from oil markets, which have seen prices crash back below $100, to natural gas, […]
Nigerian Naira Weeps on Official Market
July 12, 2022/CMC Connect Written on 12/07/2022 by Lukman Otunuga, Senior Research Analyst at FXTM There was no love for the Naira as the local currency tumbled to an all-time low against the dollar in the authorized markets. The sharp selloff was triggered by ongoing dollar shortages which continued to […]
