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Middle East tensions threaten global progress on inflation: World Bank

The ongoing tensions in the Middle East threaten to halt - or even reverse - some of the recent progress made in tackling global inflation, the World Bank said yesterday.Israel's ongoing military campaign in Gaza has caused tensions to rise
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26 Apr 2024

Producer inflation forecast to stay elevated on rising food prices

Prices of goods at the factory gate are forecast to accelerate to the top end of the target band by the end of the year as the Producer Price Index (PPI) edged up in March after food and beverages rose to a 3-month high.Data from Statistics
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26 Apr 2024

Bloomberg Ranks Dangote Refinery Over Europe's Big Producers

Bloomberg Ranks Dangote Refinery Over Europe's Big Producers The Dangote refinery has been ranked above the 10 biggest refineries in Europe because of its capacity, according to data compiled by Bloomberg. The $20bn Dan
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25 Apr 2024

Dangote Refinery slashes diesel, aviation fuel prices further to N940, N980 respectively

Price cut to impact nations economy MAN Will reduce pressure on foreign exchange CPPE Its relief to transport operators ALBON By Udeme Akpan, Energy Editor, Theodore Opara, Transport Editor Ediri Ejoh THE $20 billio
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25 Apr 2024

Rand firms against subdued dollar as market awaits US growth data

By midday the rand had gained ground against a weaker dollar up 1.09% at R19.01 as markets traded cautiously ahead of US growth data.Bianca Botes, a director at Citadel Global, said in her Thursday note, The dollar saw marginal gains in ove
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25 Apr 2024

BHP makes takeover bid for Anglo American

The worlds largest mining company, BHP Group, has made a takeover approach for rival Anglo American, a move that could spark the biggest shakeup in the industry in over a decade. Anglo American said late on Wednesday that it had received an u
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25 Apr 2024

How Tanzanian traders made coconut dishes too posh for Kenyans

A tug-of-war'It is always a tug of war between farmers and the Tanzanian traders on the price before, settling on Sh5 per fruit. They know we are desperate to sell our products,' he said. A report released by the Kenya Coconut Develo
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24 Apr 2024

Economic Hardship Worsens as Petrol Sells for N761, Diesel N1,566, Kerosene N1,875

Economic Hardship Worsens as Petrol Sells for N761, Diesel N1,566, Kerosene N1,875 Nigerias economic hardship has continued with fuel prices continuing to soar in March 2024, caused mainly by the current economic reforms embarke
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24 Apr 2024

Dangote Cuts Diesel, Aviation Fuel Prices Down to N940, N980

Dangote Cuts Diesel, Aviation Fuel Prices Down to N940, N980 Yesterday, Dangote Petroleum Refinery further reduced the prices of both diesel and aviation fuel to N940, N980 per litre respectively. The price change of N9
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24 Apr 2024

TradingPRO: Building on an Award-Winning Legacy

TradingPRO entered the financial services space in 2017, with a single goal in mind: to provide the best experience to traders, regardless of their knowledge of the financial markets or investing potential.With established offices in Asia
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24 Apr 2024