DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber,<\/p>\nOPEC and its allies are reporting almost full compliance with a production quota agreement \u00a0\u00a0reached in November 2017 at Vienna. This together with the disruptive effect of the Iran sanctions had propelled oil prices to a 54-month high of $86.74pb, forcing Donald Trump to tweet in protest.<\/p>\n
However, recent anxiety about slower growth in advanced economies is beginning to negatively impact commodity prices including oil. In the last week, Brent fell 5.8% to $81.28pb on fears of a slowing world growth especially in advanced economies.<\/p>\n
The rise in oil prices even though good for revenues, growth and the external reserves raises the spectre of record level petroleum subsidies in Nigeria reaching $5bn in 2018. This will blow the lid off the fiscal deficit and may force the country into a short term funding crisis. Therefore, policy makers are slow to celebrate higher oil prices until they can curb what is looking like another subsidy scam or scandal.<\/p>\n
In this edition of the FDC Bimonthly publication, the Think Tank analyses these issues and their implications on the economy, business performance and investment decisions.<\/p>\n
Enjoy your read.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber, OPEC and its allies are reporting almost full compliance with a production quota agreement \u00a0\u00a0reached in November 2017…<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,35,21],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26956"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=26956"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26956\/revisions"}],"predecessor-version":[{"id":26957,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26956\/revisions\/26957"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=26956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=26956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=26956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}