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Commodities | |
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Friday,
January 19, 2018 /9:50 AM /FDC
The Niger Delta Avengers threaten to disrupt Nigeria’s oil production. This
could reduce output by as much as 50% and threaten growth and external sector
stability.
The good news is that Nigeria’s non-oil exports increased by 55% to $1.26bn
in 9M’2017. This represents a paltry 2.6% of total exports projected at $48bn
for 2017 and implies that the country is still heavily dependent on oil and
gas.
Related News
1. The Nigerian
Economy: Riding On Global Commodities Market Waves
2. Drop in MoM
Inflation Attributed to Massive Increase in Aggregate Output in December 2017
3. Nigeria is the
nation with the 5th largest agric output in the world
4. Nigeria is the
Largest Producer of Tomatoes in Sub-Saharan Africa and 13th in the World
5. Nigeria is Now
the World’s Second Largest Producer of Sorghum
6. Consumers Are
Bracing Themselves for a Challenging Christmas
7. Nigeria is a
Fringe Player in Global Rice Production
8. Growing Global
Supplies to Keep Prices of Grains Down
9. Oil Prices
Slipped 0.26% in Sympathy with A 5% Slump in Copper Prices
10. Naira
Strengthened In October to N363 - $ as Food Inflation Jumped to 15.34%
11. Nigeria Produced
a Meager 348,000 Tonnes of Cotton in 2016
12. Most Food Prices
In Nigeria Have Shrugged off The Currency Gains and Remained Relatively Static
13. Commodity with a
150-Day Lag Could Be a Game Changer for Economic Diversification
14. Diesel Prices
Increased by 20.4% Despite the Improvement in on-grid Power Generation
15. Domestic
Commodity Prices Responding to the Increased Harvest Output
16. Harvest Season
Has Begun; Expected to Increase Supply and Moderate Prices