Bonny Light Archives

SNAPSHOT: Naira at 490, $25bn in Forex reserves…the economy on 1st trading day of 2017

It is a new year, full of hope for the Nigerian economy. Virtually all projections from across the world and within the country foresee 2017 to play out a better year

Oil price rise ‘set’ to break seven-year record

Oil is on track for its biggest monthly gain in seven years as a result of a weak dollar and a decline in US production, reducing global oversupply. Brent crude,

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Reserves rising again as Nigerian crude hits $39

Nigeria’s foreign reserves are on the rise again, as the Central bank of Nigeria (CBN) confirmed on Thursday that the Nigerian crude, bonny light, is trading at $39.07 per barrel. The

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First US oil export in 40 years arrives France

After 40 years of restriction, the first US oil export has finally arrived France, having spent three weeks on the sea amidst fierce price wars. The ‘Liquid American Freedom’, as

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