After years of all talk and no result, the Lagos-Ibadan railway service is to commence operations on Monday (December 7). This service, even though skeletal will have major implications on costs (logistics & distribution), inflation, commodity prices, real estate values and rents (in Lagos & Ogun states) in the near term.
OPEC+ deferred their meeting till December 3 as the three price leaders (Russia, Saudi Arabia and UAE) are at logger heads on whether to delay or reinstate output cuts. Irrespective of what happens, Brent could hover around $44-$45pb, which is still positive for Nigeria’s export earnings.
The slides provide a snapshot of the discussion in the Commodities segment of the Business Morning Programme on Channels TV by the FDC Think Tank.
Enjoy your read!