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Commodities

Articles on commodities such as gold, iron, oil, cotton etc.

Gold sheds over 5% after strong rally, worst daily decline since 2020 

Gold fell 5.32% on the global commodity market on October 21, 2025, marking its sharpest single-day decline since 2020 and...

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Gold surge drives pricing shift in Nigeria’s luxury market – Obayuwana

The Managing Director of Polo Luxury, John Obayuwana, has acknowledged the impact of soaring gold and silver prices on the...

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Nigeria’s gold ambition grows as bullion metal hit $4,250 per ounce 

Nigeria reaffirmed its commitment to strengthening its foreign reserves through a creative gold acquisition program that eliminates the need for...

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Silver prices surge to four-decade high, outpacing gold’s record run 

Silver prices soared to $51.235 an ounce on Thursday, marking their highest level in more than four decades and reigniting...

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Cocoa investors sustain dumping spree as the commodity crashes 50% year-to-date 

Global cocoa prices, as tracked by cocoa cash contracts, have plunged more than 50% year-to-date, extending a wave of selling...

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Gold hits historic $4,000 mark amid U.S. fiscal woes 

Spot gold surged past the $4,000-per-ounce mark for the first time in history on Wednesday, as concerns over the U.S....

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Gold price soars 42.8% in one year, surpassing record $3,650 

The price of Gold surged 42.8% between September 2024 and September 2025, breaking past a record high of $3,650 per...

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Gold hits $3,900 after 50% year-to-date rally

Gold reached a new high above US$3,900 per ounce on October 6, 2025, extending its strong rally with a 50%...

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PenCom approves Gold Receipts for pension funds in major investment reform

The National Pension Commission (PenCom) has unveiled a revised regulation that allows pension funds to gain exposure to gold through...

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Shea nut prices plunge 30% after export ban, threatening livelihoods and investor confidence – CPPE 

The Centre for the Promotion of Private Enterprise (CPPE)  says the Federal Government’s sudden six-month ban on raw shea nut...

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