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 […]
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.
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