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Brent climbed to $67.80pb

Brent futures rose 2.32% to $67.80pb, driven by new U.S. sanctions against Iran and a rebound in equity markets. However, lingering tariff tension and the U.S. monetary policy, which could dampen demand, could exert downward pressure on oil prices.

Nigeria’s money supply (M3) growth rose to 24% in March

Nigeria’s money supply growth accelerated to 24% (yoy) in March, up from 14% in February, reaching N114.22trn from N92.19trn. Money in circulation also surged by 26.72% to N4.6trn from N3.63trn. An increase in money supply is typically followed by inflation in the near term.

FDC’s M.D., Mr. Bismarck Rewane, discussed these and other burning economic issues on Channels TV Business Morning.

Click the link to watch the video.

Enjoy your read!