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Nigeria Economic Update Issue 5

This document examines several issues, firstly the crude oil price is discussed. It starts by discussing the slump of the OPEC’s weekly basket price, as well as the crude oil price. Secondly, the decline of External reserves in January were discussed. Thirdly, the Naira/Dollar exchange rates were discussed. Lastly under the heading: Stock Market, the All Share Index as well as Market Capitalization were discussed.