FDC COMMODITY UPDATE – APRIL 25, 2017

Oil prices climbed back up to $51.8pb after 6 days of consecutive losses. This psychologically helped the Naira recover to N387 from a low of N390.

At the new window for investment flows and exports, the Naira traded at N374.96/$. Meanwhile, commodity retailers have maintained a wait & see attitude, leaving retail prices unchanged.

The attached report summarizes the commodity price movements so far this week.