Commodity trading in Nigeria revolves around exchanging raw materials, such as oil, agricultural products, solid minerals, and natural gas. Historically, Nigeria’s economy has heavily depended on oil exports, the country’s primary revenue driver.
Logistics is the process of planning and implementing the movement of goods and services from one point to another. It is an essential part of the global economy, enabling trade, commerce, and consumption. However, logistics also significantly impacts the environment, as it consumes resources, generates emissions, and creates waste. According to the European Environment Agency, the logistics industry is responsible for around a quarter of global carbon dioxide emissions, and this share may rise to 40% by 2050 unless strong actions are taken. Therefore, logistics companies must adopt sustainable practices that reduce environmental impact and contribute to global efforts to combat climate change. Sustainability is a moral duty and a competitive advantage, as it can improve efficiency, reduce costs, enhance reputation, and attract customers. As you read further, you’ll discuss ways logistics companies can reduce their environmental impact and become more sustainable. 1. Optimise Routes And Modes Of Transport One […]
Commodity trading is the buying and selling physical goods such as agricultural products, energy products, metals, and minerals on organised markets. Commodity traders aim to profit from price fluctuations, supply and demand dynamics, and arbitrage opportunities in the global commodity markets. Commodity trading can offer investors a way to diversify their portfolios, hedge against inflation and currency risks, and access emerging markets. As Africa’s largest economy and the most populous country, Nigeria has a huge potential for commodity trading, especially in the food and energy sectors. Nigeria has a large domestic demand for food products such as spaghetti, sugar, salt, flour, and fertiliser and a growing export market for oil and gas. However, Nigeria also faces many challenges in its commodity sector, such as low domestic production, high import dependence, poor infrastructure, volatile prices, and policy uncertainties. We will explore some of the trends, opportunities, and risks in the commodity […]
women contribute substantially to the commodities trading industry as leaders and traders while supporting their peers’ advancement through mentorship. Despite challenges like gender stereotypes, networking disparities, and work-life balance concerns, women are steadily breaking barriers and carving out successful careers in this dynamic and lucrative field.