A quick stroll at Nigerian market shows that price of commodities are still on the high side compared to the same commodity year on year.

Macro Indicators As At (27.10.16)

Brent Crude Oil Price: US$50.19 per barrel
Interbank Exchange Rate: N306.78/US$1
Overnight Interest Rate: 11.25%
NSE Market Cap (26/10/2016 .: N9.31 trillion

Gasoline $149.32 gal

Natural gas $2.73/MMBtu

Cocoa $2.660/MT

Gold $40.79 Per Gram

Silver $0.57 Per gram


Rice - 17,500 to N22,000

Garri - 12, 000 while paint bucket goes for N600 - 700

Bag of Cement - 2,300

Bag of Indomie 120Kg - 3, 000

Spaghetti - N200 - 250

Tomato - N800 - 1000 Per basket

http://www.newshelm.com/2016/10/prices-of-major-commodities-in-market.html

cc lalasticlala

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