Naira Holds Steady As Bonny Light Hits $115 And Reserves Reach $55bn

The Leadership about 2 hours 1 mins read

The naira enters November on firm ground, backed by higher crude prices, a four-year high in oil output and a sharp rise in external reserves. Bonny Light, Nigeria’s benchmark grade, is selling at about $115 per barrel. Elevated risk premia and supply disruptions in global markets have pushed prices higher, and Nigeria is earning more […]

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