Friday, December 20, 2019 / 10:35 AM / by
FDC / Header Image Credit: FDC
Just as President Buhari assented to the 2020 budget, so did Bonny Light price rally to $66.22pb.
How long this rally will last depends on the probability of an easing of trade tensions between China and the US.
The budget benchmark price is $57pb, giving a current headroom of $10pb which is good news for the fiscal deficit.
In the slides below, these issues were discussed by analysts at the FDC Think Tank on Channels TV Business Morning programme.