Trader articles
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Swiss-based grain trader enters Romania
The international grain trader MK Merchants, headquartered in Geneva, Switzerland, has entered Romania, with a focus on sourcing products from the local market and delivering them to export destinations, says a press release by the group. Iulian Avram has been appointed as the General Manager to lead the branch. He previously worked for Al Dahra, […]
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Traders Bet on $100 Oil at Record Pace
Traders flocked to the crude oil options market last week, trading record numbers of call options that Brent would hit $100 per barrel in the coming months, data compiled by Bloomberg showed on Monday. As tensions in the Middle East escalated earlier this month, traders moved to the options market, betting on higher oil prices as a hedge against spiking futures prices. The call options give traders the right—but not the obligation—to buy assets at a certain price, the so-called strike price, by...
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Govt to meet traders over Dosumu Market fire
The Lagos State Commissioner for Information and Strategy, Gbenga Omotosho, has disclosed that the state government is currently awaiting a comprehensive report from emergency responders regarding the Tuesday fire incident that ravaged sections of Dosumu Market on Lagos Island. In addition to awaiting the report, Omotosho, in an interview with our correspondent on Wednesday, stated Read More