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Wednesday, March 12
Industry experts attribute the increase in Brent crude prices to geopolitical tensions, particularly sanctions on Russian oil exports, supply concerns, and seasonal demand spikes in colder regions.
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1660 and sell at N1665 on Monday 13th January 2025, according to sources atBureau De Change (BDC).
Meanwhile, the prices of refined petroleumproductsin Nigeria may increase soon as Brent crude, the global benchmark for oil, climbed to $79.76 per barrel on Sunday..
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