Markets and investing
Nigeria oil corp issues oil licenses as OPEC cuts drive oil up
Stocks, forex and commodities
Published in
2 min readJan 4, 2017
With OPEC cuts coming into play, brent hit an 18-month high of $58.17 which should bode well for Nigeria which is banking on a price recovery to help it out of recession. The country’s national petroleum company awarded 2017 crude oil term contracts to 39 companies.
The Nigeria Stock Exchange announced changes to its NSE-30 index and the seven sectoral indices of the Exchange: NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil & Gas, NSE Pension and the NSE Lotus Islamic Indices.
Naira was flat on the official and parallel markets.
South Africa’s JSE got off to a positive start to the year gaining 0.72% driven by trades in listed platinum miners (up 5.78%) while gold miners fell 0.36%.
Forex
Stock Markets
