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Cameron’s “drunken” gaffe

Cameron’s “drunken” gaffe

On Monday, May 9, 2016, the British ruling class got gossiping about Nigeria over the recent international anti-corruption summit in London. They were all there in that little circle at Buckingham Palace, wining and dining in the afterglow of Queen Elizabeth II’s 90th birthday: the Queen herself, the British Prime Minister, David Cameron; the Speaker of House of Commons, John Bercow and the Archbishop of Canterbury, Justin Welby.

Markets react to petrol market liberalization

Markets react to petrol market liberalization

Financial markets across segments have reacted to the quantum increase in the price of petrol with foreign exchange rate and petroleum stocks in the upbeat while money market rates moved in mixed direction. In the foreign exchange market the Naira extended its losses against the US Dollar on Friday following continued demand pressure which had started a day earlier on the heels of the pump price adjustment closing at N350/ USD1, bringing its total depreciation to 7.7 per cent in the first two trading days after the pump price adjustment.