Cocoa Rallies to 18-month High Amid Concerns of Tightening Global Supply

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Tuesday, April 24, 2018 /07:02PM/FDC  


The oil markets shrugged off Donald Trump’s tweets about OPEC, as Brent gained 0.66% to close at $75.20pb. The price of oil is currently 12% above the average price in Q1 and is dollar accretive to Nigeria. Nigeria’s gross external reserves are now at a record high of $47.93bn.

On the flip side, the price of diesel in the domestic market spiked 5% to N210-220/litre, with possible negative implications for inflation and power costs.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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