Petroleum Product Importers Raise Alarm On Rising Crude Oil Prices  

Petroleum Product Importers Raise Alarm On Rising Crude Oil Prices  

For years, higher oil prices have stoked gains in emerging-market currencies. But now, Brent crude’s rally to a four-year high is beginning to hurt them, Bloomberg reported yesterday. Crude-oil futures rose for the fourth time in five days to above $85 a barrel, extending 2018 gains to 26 percent, as concern about shrinking Iranian exports outweighed higher U.S. stockpiles. According to the news agency, that sent a gauge of Asian currencies to the biggest three-day loss in a month, with India’s rupee performing the worst. While the emerging-market complex includes…

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“YOUR EXCELLENCY, THE ROAD IS ROUGH”

“YOUR EXCELLENCY, THE ROAD IS ROUGH”

Mr Akinwunmi Ambode emerged as the governor of Lagos after a keenly contested election in March 2015 and was sworn in as the 5th (civilian) governor of Lagos state on May 29th 2015. His entry into the history books as (Lagos Governor) was as expected heralded with mixed reactions. In some quarters, his experience in the fiscal community was seen as reasons why he will ‘turn around Lagos’ while others believed he is a rubber stamp, an imposition from the Lagos political establishment. There will always be divergent views from…

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