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Friday, January 25, 2018 11:23AM / FDC
Oil prices have recovered strongly since December 2018, with Brent now
hovering above $61pb. This is likely to boost fiscal and export revenues in
Q1’19.
An increase in oil revenues could be partly responsible for the spike in
the consumer confidence (a measure of consumer optimism) to 64.3 points after a
mixed movement in 2018.
Nigerian consumers may be becoming more optimistic in anticipation of
the new minimum wage.
The slides below contain a snapshot of the global and domestic
developments in the commodities market this week.
Related News
1. Weak Global
Chocolate Demand To Depress Cocoa Prices
2. Arid Weather
Conditions in Ivory Coast Could Result in Increased Cocoa Prices
3. Sesame Seeds Now
Becoming A Globally Consumed Commodity
4. Unfavourable
Weather Conditions In Brazil Could Prop Up Sugar Prices In The Near Term
5. Wheat Prices
Down By -0.19% Despite Concerns Of High Global Demand
6. Nigeria Seed
Producers – Market Map Of Industry Leaders
7. Robust Main Crop
Harvest From West Africa Should Keep Cocoa Prices Down
8. Wheat Prices
Down By 0.12% To $5.24 Per Bushel
9. Increased Global
Wheat Supply in 2018-2019 Season Would Push Prices Down
10. Nigeria’s Water
Melon Output Is Only 0.09% of Global Production
11. Is Nigeria
Better Off Selling Palm Oil Than Crude Oil In The Long Run? – Making The Case