Friday, July 12 2019
09:07AM / FDC
Brent price spiked to $67.02pb as the oil markets reacted to lower than expected US inventories and a rotation of rigs.
At this price, Nigeria’s oil revenue at current production levels could reach $11.37 billion per quarter.
This will help the CBN in supporting the Naira as the forex demand begins to climb in Q3.
The slides below addresses these and other issues in the domestic and global commodity markets.