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Wednesday, February 24, 2021 / 2:25
PM / FDC Limited / Header Image Credit: FDC Limited
Brent is now trading above $65 per barrel and
generating decent revenues for the FGN as production is stalled at
1.45mbp. These revenues are now beginning to yield a positive impact on
the excess crude account which is now at a paltry $77m on the one hand and
keeping Nigeria's external Reserves ($35.28bn) from dropping sharply on the
other. The outlook is for oil to trade steady above $60pb in March 2021.
The slides below give a snapshot of the discussion in the
commodities segment of the Business Morning programme on Channels TV by the FDC
Think Tank.
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