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Commodities | |
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Wednesday, December 02, 2020 / 2:20 PM / FDC / Header Image Credit: FDC
After
years of all talk and no result, the Lagos-Ibadan railway service is to
commence operations on Monday (December 7). This service, even though skeletal
will have major implications on costs (logistics & distribution),
inflation, commodity prices, real estate values and rents (in Lagos & Ogun
states) in the near term.
OPEC+
deferred their meeting till December 3 as the three price leaders (Russia,
Saudi Arabia, and UAE) are at logger heads on whether to delay or reinstate
output cuts. Irrespective of what happens, Brent could hover around $44-$45pb,
which is still positive for Nigeria's export earnings.
The slides
below provide a snapshot of the discussion in the Commodities segment of the
Business Morning Programme on Channels TV by the Head of the FDC Think Tank.
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