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Brent slipped below $80pb as China held back on more stimulus

Brent futures dropped 2.09% to $79.24pb, driven by China’s failure to meet market expectations for increased government spending, which could dampen its oil demand. However, rising tensions in the Middle East could drive prices higher again in the near term.

The price of a 50kg bag of honey beans spiked to N180,000 in October

The price of honey beans surged by 20% to N180,000 in October from N150,000 in September. This increase is mainly due to poor harvests caused by flooding in key production areas, resulting in supply contraction. In addition, elevated logistics costs further contributed to the price hike. Consequently, prices are expected to remain high in the near term, impacting both the cost and quantity of bean derivatives such as bean cake and bean pudding.

FDC’s Senior Associate, Dumebi Oluwole and analyst, Rosemary Adibe, 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!