Dear Subscriber,

Brent slipped to $81.15pb

Brent futures lost 1.07% to $81.15pb as the market adjusted to new sanctions on Russian oil supplies. Crude oil prices could decline further in the near term, as Israel has agreed to a truce with Hamas, ending the 15-month-long war that has impacted the oil markets. Brent prices could fall sharply in the coming weeks.

The price of 50cl carbonated soft drinks jumped to N500

The price of a 50cl carbonated soft drink climbed 67% (yoy) to N500, from N300, driven by naira depreciation, which increased production costs. This surge is bolstered by convenience pricing and rising logistics costs. Prices are expected to remain elevated in the near term despite budget-friendly substitutes like zobo and kunu.

FDC’s Manager, Dumebi Oluwole, and analyst, Rosemary Ehira, discussed these and other burning economic issues on Channels TV Business Morning and Business Incorporated programmes, respectively.

Click the link below to watch the video.

Enjoy your read!