Year: 2025

Oil Prices Rally as U.S Tariffs Raise Supply Risks

Oil prices rallied in the global commodity market on Monday as the U.S. slammed higher tariffs on its major suppliers, Canada and Mexico with a 10% tariff hike on China. Brent crude rose by 0.03%, trading at $76.33 per barrel, while the US benchmark West Texas Intermediate (WTI) increased by 0.2%, reaching $73.56 per barrel.

BUA Foods Bolsters Profit, EPS Rises by 145%

BUA Foods Plc bolstered net income by 145.1% year on year to N274.946 billion in 2024 as the company sales increased significantly. In 12 months, BUA Foods revenue rose by more than 109% year on year to N1.526 trillion from N729.443 billion.