29 Sep Nigeria Macroeconomic & Markets Report, Nov. 18
The month of November, which was expected to be relatively quiet as we draw closer to the end of the year, was rather dynamic. Oil prices tumbled significantly, reversing the gains achieved since the beginning of the year and pushing year to date returns to negative territory. The MPC decided to maintain its policy decisions despite tending towards tightening in its last two meetings. Nigeria’s oil production continued to rise amid lower oil prices.