The IMF Global Financial System Stability report points to fiscal imbalances and elevated risks to the banking sector in advanced economies, SSA and Nigeria. Banks are therefore vulnerable to oil price shocks, which could trigger systemic problems.
However, with oil prices above $70pb and stable production in excess of 1.65mbpd, the probability of a Nigerian systemic crisis is low at this point in time.
The attached slides address these and other issues in the domestic and global commodity markets.
Enjoy your read!