There has been increased focus on the transportation sector with the recent launch of West Africa’s first light rail transit in Abuja. Likewise, 15 years after the liquidation of the government owned national carrier, Nigeria Airways, the FGN will launch a new national carrier with an inaugural flight on Christmas Eve (December 24, 2018). At the Farnborough Airshow, the government was said to have expressed its intention to order 5 Aircraft and cover 81 destinations. The plan to float a national carrier has taken the front burner ahead of the airport concessioning, which is expected to inject the much needed capital into the ailing aviation industry.
Brent for September has lost 3.48% on increased supply. Ahead of the US midterm elections in November, the Trump administration will exert pressure on OPEC and Russia to boost oil output. This is expected to drive oil prices down before the congressional elections. Regular gasoline price is up 24% in 2018 to $2.86 per gallon.
In this edition of the FDC Monthly publication, the FDC Think-Tank analyzes these issues and their implications on businesses and investment decisions.
Enjoy your read……