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30 and ready to Will it

By | Storyland, Uncategorized | No Comments

I didn’t think I would come this far so soon. 10 years ago, I was just a starry-eyed girl, fresh from university looking for her place in the world. What is now my chain of stores began like child’s play. My first job was as a front desk executive at a consulting firm. Many of the well paid big girls in the office could not resist complementing my dress sense. They found it amazing that I could pull of magazine cover type of looks on my entry level salary. I knew all the hot spots for good clothes, the will…

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Q4 Nigerian Strategy Report: Pathway in turning tide

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Crude Oil: Will crude oil ‘roller coaster’ linger? Crude oil market rebalancing in the third quarter of 2017 was ahead of our forecast, as US oil production was partially disrupted by the Hurricane while OPEC stuck to its pact. For context, at the start of the quarter, we had forecasted a slower rebalancing of the crude oil market with excess supply projected to decline to 100kbpd (Q2 17: 400kbpd). This view was hinged on quick increases in shale production, which we expected to moderate the impact of rising demand and OPEC’s production cut. Irrespective, the impact of hurricane on production…

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ECONOMIC UPDATE: JULY 2017

By | Research, Uncategorized | No Comments

ECONOMIC UPDATE: JULY 2017 According to this Economic Update, the spread between BDC and I&E window rates narrowed from 4% in April to 0.1% in July 2 save for the official rate. FMDQ ignites further FX liquidity flame: In more recent development, the FMDQ selected Bloomberg as a partner saddled with the responsibility to report transactions in the I&E window electronically and enhance price discovery and transparency. Consequently, Bloomberg’s USDNGN reporting became based on the I&E window as opposed to the CBN-determined SMIS interbank rate. In our view, the increase in FX turnover at the I&E window and an overall…

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