Mid-Week Market Review: November 2024, Edition 1

Commodities Last week, oil prices saw a slight uptick on Friday due to reports indicating that Iran was preparing a retaliatory strike against Israel from Iraq. Despite this, Brent crude recorded a weekly decline of approximately 3.35%, while WTI fell by about 3.19%. The market’s focus shifted back to the U.S. presidential election and ongoing […]

Weekly Market Review: November 2024, Edition 1

Prologue The World Bank has urged the Central Bank of Nigeria (CBN) to abandon its current practice of conducting foreign exchange auctions and to adopt a more flexible exchange rate strategy. This recommendation stems from the broader recognition that Nigeria’s economy requires transformative reforms to ensure sustainable growth and stability. With the recent caution from […]