Dear Subscriber,

Brent fell to $66.33pb

Brent futures fell 0.45% to $66.33pb after President Trump extended the US–China tariff truce, suspending planned tariff increases until November 10. In the near term, prices may rise as markets stay cautious over uncertainty in the upcoming US-Russia ceasefire talks.

The price of vegetable oil declined to N17,500

The price of a 5-litre vegetable oil fell by 8% to ₦17,500 from ₦19,000 in May 2025, driven by a stable exchange rate and heightened competition among producers. Reduced demand, as consumers shift to cheaper palm oil, also contributed to the price drop. Prices are expected to remain stable in the near term.

FDC’s AVP, Dr. Ifeoma Nwokolo, and analyst, Rosemary Ehira, discussed these and other burning economic issues on Channels TV Business Morning and Business Incorporated programmes, respectively.

Click the link below to watch the video.

Enjoy your read!