Tag: traders

NNPC Signs $1.5bn oil-for-loan prepayment deal with traders

The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by two oil traders, Vitol Group and Matrix Energy, Reuters reported on Tuesday.…

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With Spread of fungal black pod disease, Nigeria Main Cocoa Crop Seen Down 18%

Nigeria’s cocoa-industry association cut its output estimate for the 2020 main crop by 18%, citing the spread of the fungal black pod disease caused by heavy rains in the country’s…

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Nigerian Currency Devaluation Sows Confusion With Traders, Naira devalued by 5.5% against dollar

Nigeria’s latest devaluation of the official naira rate -- one of the West African nation’s multiple exchange rates -- has left traders perplexed. The currency’s official value was reduced by…

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