Exchange Rate

Brent Crude Rally Lifts Some Pressure Off Nigerian Naira

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Brent Crude Rally Lifts Some Pressure Off Nigerian Naira

LAGOS, Nigeria — May 6, 2025 A recent rally in Brent crude oil prices has provided a modest reprieve for the Nigerian naira, which has faced significant pressure in recent months due to fluctuating oil revenues and foreign exchange (FX) challenges. Brent crude, a global benchmark closely tied to Nigeria’s Bonny Light crude, surged past … Read more

Oil volume growth, exchange rate adjustments could boost

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Oil volume growth, exchange rate adjustments could boost

Nigeria’s export competitiveness might considerably enhance if the nation prioritizes growing oil manufacturing and implements strategic trade fee changes. This was the view of Samson Esemuede, Chief Funding Officer at Zrosk Funding Administration Ltd, who highlighted the important relationship between oil manufacturing, international trade stability, and Nigeria’s export competitiveness whereas talking on the tenth episode … Read more