Dear Subscriber,

Oil price fell by 1% after the Fed increased interest rates by 25 basis points and confirmed its intention to raise rates again in 2018. A rise in the value of the dollar depressed oil prices ahead of the OPEC meeting next week. Nigeria’s oil production also fell by 3% due to a disruption to facilities.

In spite of these developments, the naira remained steady at N362/$ in the forex market due to the resilience of the external reserves.

The attached slides contain a snapshot of recent commodity market movements and burning economic issues in Nigeria.

Enjoy your read….