FDC COMMODITY UPDATE – JANUARY 25, 2018

Dear subscriber,

With oil prices above $70pb, a 36-month high, policy makers in Nigeria are likely to be thinking of reviewing budgetary spending upwards and looking forward to a stronger naira.

However, it is still too soon to celebrate as oil price volatility is a feature of commodity markets.

The current price is 15.73% above the average in Q4’17 and thus provides a much needed buffer against exogenous shocks.

The attached slides contain a snapshot of the commodities market and the burning economic issues on the domestic and global front.

Enjoy your read!