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 rising crude imports by China. As of 10:06 AM, Brent Crude rose 0.66%, reaching $73.794 per barrel, while West Texas Intermediate (WTI) crude increased by 0.81% to $69.802 per barrel. The escalation of the war […]

Weekly Market Review: November 2024, Edition 3

Prologue The recent increase in Nigeria’s foreign reserves, which have risen above $40 billion as of November 13, 2024, signifies a positive shift in the country’s economic outlook. This growth from approximately $33 billion at the beginning of the year and around $38 billion just a month ago reflects improved financial stability and resilience against […]