Commodities | |
Commodities | |
3593 VIEWS | |
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Thursday, January 25,
2018 06.17PM / FDC
With oil prices above
$70pb, a 36-month high, policy makers in Nigeria are likely to be thinking of
reviewing budgetary spending upwards and looking forward to a stronger naira.
However, it is still too
soon to celebrate as oil price volatility is a feature of commodity markets.
The current price is
15.73% above the average in Q4’17 and thus provides a much needed buffer
against exogenous shocks.
The attached slides
contain a snapshot of the commodities market and the burning economic issues on
the domestic and global front.
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