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Tag: commodity

Nigeria’s cashew sector challenges remain despite new facilities

Nigeria’s Commodity Exchange recently commissioned cashew nuts processing and warehousing facilities at Egume/Ochaja, Dekina Local Government Area of Kogi State to minimise losses incurred as a result of delayed export of the crop. The facilities are to serve as the point for stacking, weighing, and evacuation of cashew nuts from

Wall Street Is Most Bullish on Commodities in a Decade

 Commodity investors are back in full force, with record wagers that crops, metals, and oil are set for a rally. A weakening dollar is making materials denominated in the currency more appealing at a time when equities are on a tear and the world is on a path to recover

Oil falls on mounting COVID-19 cases, supply concerns

Oil edged lower on Friday, falling more than 2% on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks. Brent crude futures LCOc1 settled at $41.92 a barrel, down 2 cents, while U.S. West Texas Intermediate (WTI) crude futures CLc1 lost 6 cents to $40.25 a

Oil recovery waits for international flying to return

Jet fuel consumption remains the hardest hit section of the global oil market as passengers avoid air travel as a result of the pandemic and government travel restrictions. The specific problems of the jet market explain why refinery margins for closely related distillates such as diesel are currently being hit

Zimbabwe: Could Agriculture Be Zimbabwe’s Way Out of the Dark?

Amid a deteriorating political and economic context, there is one sector that Zimbabwe can look to for hope: agriculture. However, for agriculture to pull Zimbabwe out of the dark, the government needs to better harness the potential of the country’s land and water resources. A recent report by the African

Tanzania: BoT Guarantees Loans to Miners

SMALL scale gold miners can secure Bank of Tanzania (BoT) loan guarantee of up to 500m/- through the registered commercial banks in the country, the central bank announced here yesterday. BoT Mwanza Branch Assistant Manager, Banking, Melchiades Rutayebesibwa told the ‘Daily News’ here yesterday that through the Small and Medium

The Week in Oil and Gold

In “Futures In Focus”, Bob Iaccino, founder at Path Trading Partners, discusses this week’s moves in the commodities market. He speaks on “Bloomberg Markets.”

How countries are getting tougher with mining companies

A mix of political populism, higher commodity prices, and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries. In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism,