Oil Extends Gains, Naira Fights Back At US Dollar As CBN Reduces Interest Rate

Oil prices climbed for the second straight day on Wednesday following the Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 50 basis points, from 27.5 per cent in July to 27 per cent. According to Channels Television, as of 5:00 AM WAT on Wednesday (today), Brent crude futures rose 19

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