{"id":25846,"date":"2017-03-09T16:34:08","date_gmt":"2017-03-09T16:34:08","guid":{"rendered":"http:\/\/fdcng.com\/?p=25846"},"modified":"2017-03-15T15:27:50","modified_gmt":"2017-03-15T15:27:50","slug":"fdc-commodity-update-march-09-2017","status":"publish","type":"post","link":"https:\/\/fdcng.com\/fdc-commodity-update-march-09-2017\/","title":{"rendered":"FDC COMMODITY UPDATE – MARCH 09, 2017"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text]Naira volatility continued with a slight appreciation to N462\/$. The CBN seems determined to intervene more aggressively in the forex market.<\/p>\n
However, domestic commodity retailers have shrugged off the currency appreciation by holding firm to their current prices.<\/p>\n
With oil down to $52pb, we may begin to see the CBN step back a little in its forex supply programme.<\/p>\n
The attached report summarizes the commodity price movements for this week[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]