Commodities | |
Commodities | |
1537 VIEWS | |
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Wednesday, April 17, 2019 09:32AM /by FDC Ltd
Brent oil rose marginally by 0.08%
to $71.24pb due to prospects of lower production from Libya after hostilities
resumed between two major armed groups. At $71pb, the price of oil is 17% above
the budget benchmark ($60pb) and remains supportive of external reserves and
naira stability.
The Eko Electricity Distribution Company confirmed
that there was a total system collapse of the Transmission Company of Nigeria’s
network for at least 10 hours today, having a negative impact on aggregate
output and pushing up diesel prices.
The attached slides address these and other issues in
the domestic and global commodities market.
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