The naira has weakened in the parallel market to N370/$ despite sustained forex injection by the CBN of $559m in the last week. This is because of growing aggregate demand for forex due to school fees, summer holidays and hajj travel.
Domestic commodity prices have remained flat despite the August break, harvest season and improved logistics.
The attached slides sum up the events that took place in the domestic and global commodity markets this week.
Enjoy your read!
Kindly redirect any questions, queries or comments to the undersigned