Macroeconomic Report & Economic Updates
November 27, 2017
Nigeria Economic Update (Issue 45)
Crude oil prices recorded increase during the review week. Global benchmark, Brent price increased from $61.42 to $63.522. Nigerias Bonny light gained 9.6 percent to trade at $64.78 per barrel. The weeks rise was at the backdrop of further prospective cuts agreement at OPECs meeting in November 2017 and political tensions and uncertainties in Saudi Arabia given that these events may likely reduce supply and support demand in the near term. Meanwhile, global crude oil market events have been favorable to Nigeria, as the price of bonny light at approximately $65 per barrel, reflects the highest in more than two years.
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Analysis Of Bilateral Trade In UEMOA The Implications Of Trade Effects
The paper examines the
implications of trade effects in bilateral trade drawing evidence from West
African Monetary and Economic Union (UEMOA). It also discusses the importance
of political stability to trade in ECOWAS countries.
Nigeria Economic Update (Issue 36)
global Value