Commodities | |
Commodities | |
2246 VIEWS | |
![]() |
Thursday,
November 29, 2018 06:55 PM / FDC
The
naira is coming under increased pressure in the forex market, falling by 1.08%
to N370/$ at the parallel market. Its cumulative depreciation in November is
2.2%. This is greater than its fall in the last 12 months.
Surprisingly,
December is a month in which the naira usually strengthens due to remittances
of visiting friends and relatives. The difference this time is that political
uncertainty is taking its toll compounded by the sharp drop (30%) in Brent oil
from October.
The
slides below address these and other issues in the domestic and global
commodities market.
Related News
1. How Blockchain
Will Transform Agric in Nigeria-Quan Le, CEO Binkabi
2. Nigeria Is The
Second Largest Producer of Tubers In The World
3. Sugar Prices
Down 2.66% After The USDA Projected A Sharp Increase In India’s Sugar Output
4. NSE Partners
Corporate Farmers to Host Maiden Financing Agric Commodity Value Chain Seminar
5. Coffee
Consumption in Nigeria Rose By More Than 20% Between 2010 and 2015
6. Projected
Increase in Russia’s Wheat Exports Could Push Prices Further Down
7. AFEX,Binkabi and
STERLNBANK Announce Integration Partnership Streamlining the Agri-Financing
Process
8. Global
Grapefruit Output in 2017 was Approximately 6m Tonnes