Gold prices settled sharply lower Wednesday, ending a two-day string of gains, as the U.S. dollar halted its skid and as commodity investors watched for minutes from the Federal Reserve’s July policy meeting, which could provide further insights on the central banker’s outlook for the
In 2018, when a rice farmer, Lawal Bala, experienced a positive turnaround in his farming business, he was overwhelmed with joy. For Mr Bala, the farming season was worth looking forward to. Now, he enjoys farming more than ever before. This had not always been
Global food prices continued rising for the second consecutive month in July, led by vegetable oils and dairy products, the Food and Agriculture Organisation has said. According to the Food Price Index report published on Thursday on the FAO web page, which tracks international prices of the most
Nigeria expects to comply with an oil output quota of 1.412 million barrels per day for May, June and July, the minister of state for petroleum resources said on Thursday. Timpire Sylva made the comments during a webinar organised by Nigerian oil company Seplat. OPEC
This year has been brutal for the oil patch. Dual shock waves slammed the sector earlier in the year as OPEC and Russia ignited a price war just as oil demand started cratering because of the COVID-19 outbreak. But global oil producers have since called
The recovery in oil demand and the less-than-feared demand destruction earlier this year will support oil prices next year when producers will be playing catch up with demand, and Brent oil prices could rise to $66 a barrel, according to Energy Aspects. Brent Crude prices are
The federal government says it is supporting smallholder farmers through their various associations and cooperatives with 38,142KG of improved cashew seeds for distribution to 3,798 of cashew farmers across the country. The Minister of Agricultural and Rural Development, Muhammad Nanono, stated this on Thursday when
In June, global food commodity prices rose for the first time since the beginning of the year driven primarily by a ‘rebound’ in vegetable oils, sugar and dairy quotations, the Food and Agriculture Organisation (FAO) has said. It, however, said in the cereal and meat markets, most
Natural gas futures are trading slightly better shortly after the regular session opening and before the release of the weekly government storage report at 14:30 GMT. The market is also trading inside yesterday’s trading range, which tends to indicate investor indecision and impending volatility. Today’s
Oil headed for a weekly gain on further signs that demand is picking up as the world emerges from coronavirus lockdown. Futures in New York were little changed, after gaining 2.3% on Thursday, and are up about 7% this week. Top trading houses Vitol SA