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Brent slips to $67.18pb on oversupply expectations

Brent futures declined by 1.16% to $67.18pb as markets priced in an expected 137,000 barrels per day production increase from OPEC+ alongside the resumption of oil exports through the Iraq–Turkey pipeline. Hopes of a Gaza ceasefire also trimmed risk premiums in crude markets. Overall, Brent prices are expected to decline further.

PMS pump price falls to N841!

PMS prices fell to ₦841 per liter in Lagos despite the ongoing strike by PENGASSAN. The decline signals a more resilient fuel market, with supply chains less vulnerable to labor disruptions. Lower pump prices are expected to ease household expenses and cut business costs, particularly in logistics and energy cost.

Okra prices climb 33% despite softer inflation

Okra prices climbed 33% year-on-year to ₦1,560 per kilogram in 2025 from ₦1170 in 2024, while wholesale bags averaged around ₦5,000. The rise shows that prices have remained sticky downwards despite easing inflation. Prices are expected to soften in the near term as farmers leverage cooperatives for bulk input purchases and shared transport to reduce costs.

FDC’s MD/CEO, Bismarck Rewane, and analyst Amirah Yakubu, 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!