Author: GTI Research

Oil rises above $48 on COVID-19 vaccine hope

7 ViewsThe international oil benchmark, Brent crude, rose above $48 per barrel on Wednesday, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent, against which Nigerian’s oil is...

ABCON: $35.6b foreign reserves enough to defend naira

21 ViewsThe $35.6 billion foreign exchange reserves is enough to protect naira against attacks by currency speculators forcing the local currency to depreciate. President, Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu...

CBN retains lending rate at 11.5%

22 ViewsThe Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent. It also left other parameters the same. The CBN Governor, Godwin Emefiele, disclosed...

NAICOM profiling companies with huge unsettled claims

29 ViewsThe Commissioner for Insurance, Mr Sunday Thomas, has said the National Insurance Commission is profiling companies with huge unsettled claims. He spoke in Lagos on Tuesday, during the 2020 Insurance Director’s Conference in...