FDC COMMODITY UPDATE – JULY 25, 2017

Oil producers yesterday agreed to cap Nigeria’s oil output at 1.8mbpd whilst Saudi Arabia re-established its status as a price leader and swing producer in the oil producers cartel.

The impact of this decision is being felt not only in Vienna but on the streets of Lagos where the naira appreciated mildly to N365/$.

The attached bulletin addresses these and other issues in the domestic markets.

Enjoy your read!