Oil rebounded on Friday but it was not enough to erase the roughly 7 percent meltdown seen on Thursday. The trade war is starting to become a top concern to global equity and commodity markets. As of mid-day, WTI was trading above $58 per barrel and Brent moved above $67, somewhat mitigating what has otherwise been a dismal week.
As at close of trade week on 24 May 2019, market Capitalisation decreased to ₦538.74 billion from last week's previous ₦546.27 billion, which shows a 1.38% decrease in Capitalisation. Also the USI for the week ending 24 May 2019 recorded an decrease from 760.36 points to 749.88 points.
Remarks by his excellency, Prof. Yemi osinbajo, SAN, Vice President, Federal Republic Of Nigeria At The National Youth Entrepreneurship Empowerment Summit Held In Abuja On Thursday May 23, 2019.