markets shrugged off Donald Trump’s tweets about OPEC, as Brent gained 0.66% to
close at $75.20pb. The price of oil is currently 12% above the average price in
Q1 and is dollar accretive to Nigeria. Nigeria’s gross external reserves are
now at a record high of $47.93bn.
flip side, the price of diesel in the domestic market spiked 5% to
N210-220/litre, with possible negative implications for inflation and power