Dear Subscriber,

Brent climbed to $73.91pb

Brent futures rose 0.16% to $73.91pb due to strong demand and tightening supply concerns. U.S. data showed crude inventories dropped 3.34 mbpd, the steepest since December. The potential disruption to the global economy due to the 25% tariff on imported cars into the USA is also riling markets.

Price of PMS may spike if naira-for-crude is suspended

Petrol prices may rise in the near term after a scheduled meeting between the Naira-for-Crude Committee and Dangote Refinery did not hold. With the contract set to expire this month. NNPC has announced its intention to list on the NGX, hoping to bring about greater transparency in the local market.

Price of a 50g tin of coffee Jumped to N3,700

The domestic price of a 50g tin of coffee spiked by 48% (YTD) to ₦3,700 in March from ₦2,500, despite a 1.01% drop in global Arabica prices to $3.93/lb. Investors expect a convergence between global and domestic prices of coffee in the near term.

FDC’s manager, Dumebi Oluwole, and analyst Toju Meggison discussed these and other burning economic issues on Channels TV Business Morning and Business Incorporated, respectively.

Click the link below to watch the video.

Enjoy your read!