Dear Subscriber,

Brent climbed to $63.59pb

Brent futures gained 1.19% to $63.59pb as optimism grew over upcoming U.S.-China trade talks, following President Trump’s announcement of a trade deal with the UK. In line with analysts’ expectations, the Federal Reserve kept interest rates steady amid ongoing economic uncertainties.

Price of 900g detergent rose to N1,850

The price of a 900g detergent rose by 7% (YTD) to N1,850 from N1,750, driven by rising production costs. However, further increases are unlikely in the near term due to intense market competition, as price-conscious consumers shift toward more affordable unbranded alternatives. This could pressure branded producers to hold prices steady despite higher input costs.

FDC’s M.D, Mr. Bismarck Rewane, and analyst, Miriam Odey discussed these and other burning economic issues on Channels TV Business Morning and Business Incorporated respectively.

Click the link to watch the video.

Enjoy your read!