Mid-Week Review
Mid-Week Market Review: November 2024, Edition 3
Commodities Crude oil prices saw a modest increase on Wednesday as tensions in the Ukraine conflict intensified, alongside signs of
November 20, 2024
Commodities Crude oil prices saw a modest increase on Wednesday as tensions in the Ukraine conflict intensified, alongside signs of
Prologue The recent increase in Nigeria’s foreign reserves, which have risen above $40 billion as of November 13, 2024, signifies
Commodities In the oil market, traders are keenly awaiting a series of crucial US economic indicators this week, with the
Prologue Fitch Ratings has issued a rather unsettling forecast for Nigeria’s banking sector, predicting an uptick in non-performing loans (NPLs)
Commodities Last week, oil prices saw a slight uptick on Friday due to reports indicating that Iran was preparing a
Prologue The World Bank has urged the Central Bank of Nigeria (CBN) to abandon its current practice of conducting foreign
Commodities Last week, oil prices concluded the week on a positive note, with gains noted on Friday. Brent crude rose
Prologue The recent increase in Nigeria’s foreign exchange reserves, rising from a little above $36 billion in September 2024 to
Commodities The Energy Information Administration (EIA) reported last Thursday that U.S. crude oil production hit an all-time high, even as
Prologue For the first time in three (3) months, the moderation in inflation saw a different turn. Recall that the
Commodities Libya’s National Oil Corporation (NOC) announced last Friday that it has resumed oil production to pre-crisis levels, now reaching
Prologue Notwithstanding efforts by the Federal Government, Debt Management Office (DMO), and Central Bank of Nigeria (CBN) geared towards boosting
