As countries around the world race to secure energy supplies as demand picks up and winter nears, we can expect a prolonged period of high oil prices, natural gas prices, and coal prices.
NASD OTC Securities Exchange Market closed on a Negative note YTD as the market recorded a decrease in performance. NASD Security Index Year to date returns decreased by 0.97%. Total volume traded Year-to-Date stands at 11,685,252,344 units in 4524 deals and total Value traded is N29,091,546,696.80.
President Muhammadu Buhari presented the 2022 proposed budget to a joint session of the National Assembly on Thursday. The 16.39tr budget is based on a projected crude oil price of $57/barrel, crude oil production of 1.88mbpd (including condensate of 300,000-400,000bpd), an exchange rate of N410.15/$, a projected GDP growth rate of 4.2%, and a 13% Inflation rate.