Weekly Review
Weekly Market Review: October 2024, Edition 3
Prologue Notwithstanding efforts by the Federal Government, Debt Management Office (DMO), and Central Bank of Nigeria (CBN) geared towards boosting
October 14, 2024
Prologue Notwithstanding efforts by the Federal Government, Debt Management Office (DMO), and Central Bank of Nigeria (CBN) geared towards boosting
Commodities Oil prices lost early gains on Wednesday as weak demand and rising supply offset concerns over potential disruptions from
Prologue Last week, Nigeria marked her 64th Independence Anniversary with modest celebrations across the country. Among the key highlights of
Commodities On Friday, oil prices closed on a positive note, although they recorded a weekly decrease. We saw the Brent
Prologue Actions of the Central Bank of Nigeria (CBN) since its Monetary Policy Committee (MPC) meeting held on Tuesday, September
Commodities Last Friday, although oil prices dipped slightly, their performance marked a second consecutive week of gains. This upward trend
Prologue Nigeria’s inflation rate in August 2024 was reportedly at 32.15%, a rate lower than the figure in July 2024,
Commodities Yesterday, oil prices surged by $1 per barrel. Several considerations have been credited to this recent development, some of
Prologue The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that the Federal Government’s revenue
Commodities: Oil prices dropped on Friday, resulting in a weekly loss, largely due to disappointing U.S. jobs data for August.
Prologue In the week under review, American billionaire and philanthropist, Bill Gates, expressed concerns over the lack of progress in
Commodities Oil prices were down on Friday as investors considered an expected rise in OPEC+ supply starting in October and