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International Monetary Fund (IMF) says the Nigerian economy is recovering from a historic downturn benefitting from government policy support, rising oil prices and international financial assistance. IMF disclosed this in a statement issued from its headquarters in Washington D.C. on Monday. The organisation said Nigeria exited the recession in fourth quarter 2020 and output rose The post IMF reveals how Nigerias recovering economy may de truncated appeared first on National Daily Newspaper .

Hyderabad: The Telangana Finance Minister Harish Rao said that the BJP government at the center will increase Rs. 10 per liter on diesel and petrol prices after the Assembly elections of five states. Speaking to the media after participating in development programs, the Minister coined a new acronym for BJP as Battebaaz Jhootbaaz Party. BJ Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

Sales rise 119pc in 2021 while demand for plug-in hybrid vehicles jumps 75pc

Crude oil price shows calm negative trades to approach gradually from the bullish channels

A litre of petrol in Delhi costs Rs 95.41, whereas a litre of diesel costs Rs 86.67 in the national capital.

Industry veteran tells tourism lobby group that oil prices will also push up fares in 2022

However, the surge in the rupee was restricted amid elevated crude oil prices and muted domestic equities.

Crude prices in the international markets have crossed $90 per barrel and last at around 9:45, the Brent benchmark was trading at $92.52, while WTI has been at $91.25 per barrel. Fuel prices in the country which are determined

MANAMA -- Bahrain announced Monday the creation of long-term visas for foreigners in an effort to "boost the economy", following in the footsteps of some of its Gulf neighbors. With just over half of its 1.7 million population made up of foreigners, Bahrain is seen as a hub for professional expatriates, like much of the Gulf region. Amid volatility in oil prices, many of the region''s countries have been seeking to diversify their economies away from dependence on fossil fuels, and have in turn relaxed immigration procedures in a bid to attract talent. Dubbed the "golden residence", the new Bahraini visa can be allocated to those who receive a salary of at least 2,0 Keep on reading: Bahrain announces long-term visa to boost economy

WTI crude oil prices are hovering at 7-year highs as investors mull a strong US jobs report and tight market conditions. Geopolitical tensions at the Russia-Ukraine border further support oil prices.

The direction of the March WTI crude oil market on Tuesday is likely to be determined by trader reaction to $91.62.

The short-term Elliott wave view in WTI (CL) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at least. The impulse move started from 81.90 low to end wave 1 at 89.72 and pullback in wave 2 ended at 86.75. Oil then resumes higher [] The post Elliott Wave View: Oil (CL) Wave 5 Near Complete appeared first on Action Forex .

The decision by the Federal Government to postpone the scrapping of subsidy on petrol is a good political decision. Even if the government chooses to deny it, the truth of the matter is that if there had been a strike The post Fuel subsidy: Good politics appeared first on The Guardian Nigeria News - Nigeria and World News .

Nigerian central bank plans to alter its foreign-exchange bidding rules to favor the production of goods that replace imports, in a bid cut dollar demand. The new rule, which will be market driven, will prioritize making dollars available to manufacturers who display verifiable progress in our imports substitution and job creation drive, the regulator said in an emailed presentation. High demand for the greenback is putting pressure on foreign-exchange reserves. which at $39.9 billion on Feb. 3 is the lowest in more than four months. Not even the higher-than-normal oil prices have boosted the reserves as Africas largest crude producer is unable to fulfill its OPEC+ quotas due to crude theft and diversion of oil revenues to subsidize gasoline prices for its population. Read also: CBN to unveil new FX bidding regime to drive local production The countrys central bank has adopted demand management and three devaluations since 2020 as it sought to make the exchange rate more reflective of market factors.

Oil prices bounced around on Monday in see-saw trading, with some investors taking profits after signs of progress in the U.S.-Iran nuclear talks while others kept bullish sentiment bolstered by rising consumption amid ongoing supply constraints.