Commodity Prices in Lagos Island Likely to Spike As a Result of 3rd Mainland Bridge Closure

Proshare

Friday, July 24, 2020 / 10:10 AM / FDC / Header Image Credit: FDC Ltd

 

Proshare Nigeria Pvt. Ltd.


Nigeria's longest bridge 11.8km long is to be closed for a 6-month period for maintenance

This is likely to substantially disrupt business and economic activities.

The attendant impact on consumer price inflation and productivity in the Lagos metropolis will be astronomical.

Commodity prices in the Lagos Island area are likely to spike.

In the slides below the Head of FDC Think Tank dissects the immediate and remote consequences of this bridge closure on domestic commodities in Lagos.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Related News

1.       ACI Experiences a Slight Drop in Performance - AFEX Commodities Weekly Report 160720

2.      Remarks by President Muhammadu Buhari at the Gold Bar Presentation

3.      Bumper Wheat Harvest To Keep Prices Low

4.      ACI Experiences Massive Gains - AFEX Commodities Weekly Report 020720

5.      ACI Experiences Slight Gains - AFEX Commodities Weekly Report 250620

6.      Hemense Orkar , VP, Commercial AFEX Commodities Exchange To Speak Tomorrow on WebTV

7.      Ample US and Australian Supply To Keep Wheat Prices Low

8.     Higher US Grain Output To Keep Prices Low

9.      Heritage Bank-Dukia Gold to Boost Nigeria's 200mn Ounces of Gold Potential Reserves - FG

10.  ACI Experiences an Uptick - AFEX Commodities Weekly Report 040620

11.   Increased Global Output Of Grains Are Expected To Keep Prices Depressed

12.  ACI Witnesses a Downtick - AFEX Commodities Weekly Report 280520

13.  Increase of Market Activities Anticipated in the Coming Week

14.  Coronavirus and Commodity Markets: Lessons from History

15.  Increased Demand From China To Support Grain Prices

16.  ACI Witnesses a Surge - AFEX Commodities Weekly Report 070520

17.   Weak Global Demand Is Expected To Taper Grain Prices

18.   Increase of Market Activities Anticipated in the Coming Week - AFEX Commodities Weekly Report 300420

19.  COVID-19 Induced Lockdown Triggers Sustained Decline in Commodities Market Activities

20. Supply Cut From Australia To Keep Wheat Prices Up


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP