Mid-Week Market Review: October 2024, Edition 5

Alternative assets and commodities

Commodities Last week, oil prices concluded the week on a positive note, with gains noted on Friday. Brent crude rose by 4.64% for the week, while West Texas Intermediate (WTI) climbed 4.50%. Despite experiencing fluctuations throughout the week—initial increases on Monday and Tuesday followed by drops on Wednesday and Thursday—both benchmarks demonstrated resilience amidst ongoing […]

Weekly Market Review: October 2024, Edition 5

Edition 5

Prologue The recent increase in Nigeria’s foreign exchange reserves, rising from a little above $36 billion in September 2024 to over $39 billion in October 2024, has several important implications for the broader economy, the fixed income markets, and the country’s ability to attract foreign portfolio investments. Unarguably, a growing level of foreign exchange reserves […]