cbn statement, 2012-07-24
The Committee noted significant downside risks to growth in the near-term, in particular the fall in the average spot price of Nigeria’s reference crude, the Bonny Light, from US$121.10 in the first quarter of 2012 to US$109.32 in the second quarter, and the current security challenges which continue to pose a threat to agriculture and manufacturing.
Sentiment: neutral
Topic: mp_economic_activity