Naira dips against dollar as oil price rises to $48.05

16 August 2016, Lagos – LAGOS—The Naira, yesterday, depreciated against the dollar at the parallel market, just as crude oil price hit five-week high, gaining about 10 per cent in a three-day rally to close at $48.05 as speculations intensified over potential producer action to support prices amid a crude glut. Data from market intelligence firm, […] More »