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Friday, January 04
2019 02:57 PM / FDC
Nigeria’s Purchasing Managers Index spiked to 60.2 in December. The only
component of the five variables that declined was delivery times. Seasonality
of demand played a major role in the surge.
Nigeria’s oil production will jump by 200,000bpd as the Egina field production
commences this week. However, as a deep offshore asset, its revenue impact on
Nigeria will be very limited because of the structure of the production sharing
agreement under the PSCs. These contracts are skewed in favor of the producing
company.
The slides below summarize the events that took place in the domestic
and global commodity markets this week.
Related News
1. Wheat Prices
Down By 0.12% To $5.24 Per Bushel
2. Increased Global
Wheat Supply in 2018-2019 Season Would Push Prices Down
3. Nigeria’s Water
Melon Output Is Only 0.09% of Global Production
4. Is Nigeria
Better Off Selling Palm Oil Than Crude Oil In The Long Run? – Making The Case
5. Nigeria Accounts
For A Meagre 0.01% of Global Salt Production
6. Okro Output in
Nigeria Estimated At 1.98mn Tonnes
7. Nigeria’s Melon
Seed Output Remains Suboptimal In Spite of Its Market Dominance
8. Increased Global
Cocoa Demand Would Push Prices Up And Boost Nigeria’s Export Earnings
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December 12, 2019 |
Domestic Price of Turkey Increased By 38% to N1,800 per kg |
December 10, 2019 |
![]() | Demand For Cobalt Set To Increase Exponentially In Next Decade |
December 03, 2019 |
Cocoa Price At An 18-Month High; Jumped By 12% YTD to $2,640 |
November 22, 2019 |