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Domestic Commodity Prices Remain Static In Spite of MPC Hold Decision

Proshare

Thursday, July 27, 2017 6:59PM / FDC

A 41% spike in government shared revenue to N652bn in July will add to the liquidity surplus in the banking system. The good news is that it will also help reduce the salary backlog and outstanding obligations of government.


However, domestic commodity prices have remained relatively static this week in spite of the MPC decision to hold rates at the current high levels.


The attached report summarizes the commodity price movements for this week.























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