curator
Administrator
The recorded improvement is due mainly to the rise in crude oil prices. In the past few months, crude prices have increased considerably up to the $70 mark. This morning, the price climbed up to $71.66 following US President (Donald Trump’s) issuance of warnings against Syria and Russia. This is the highest the price has been in 3 years.
Another related factor which is responsible for the improvement is the increase in Nigeria’s foreign reserves. The rebound in oil prices helped to improve the country’s foreign reserves which hit $46.7billion earlier this month. The country’s foreign reserve has shown consistent improvement over time and is projected to hit $50 billion before the end of 2018.
Read more via Nairametrics – https://ift.tt/2vdmOp4
Get more: Nigeria Business News
Another related factor which is responsible for the improvement is the increase in Nigeria’s foreign reserves. The rebound in oil prices helped to improve the country’s foreign reserves which hit $46.7billion earlier this month. The country’s foreign reserve has shown consistent improvement over time and is projected to hit $50 billion before the end of 2018.
Read more via Nairametrics – https://ift.tt/2vdmOp4
Get more: Nigeria Business News
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