Ankara Jumpsuit Styles You Will Love

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Ankara Jumpsuit Styles You Will Love

An Ankara jumpsuit remains one of the mainstays in the wardrobes of Nigerian fashionistas, and for several good reasons. An Ankara jumpsuit is a universal garment that flatters every body type and can be worn to an endless range of occasions. Here are some of our favourite latest Ankara jumpsuit styles.

1. Style #1

If you are not afraid of showing some skin with your new Ankara jumpsuit, here is a great outfit idea for you. Everything about this look, from the choice of colours to the impeccable design of the jumpsuit is simply superb!

 

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Its a Playsuit kinda weekend ? @mariipvzz #shopdoja #africanmarketplace

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2. Style #2

There are many ways to make your Ankara jumpsuit look stand out, from the deep cleavage to the unusual fabric. However, these sleeves will definitely go down in history as one of the most interesting jumpsuit details.

 

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Hello Show Stopper??. How fabulous is @chicamastyle in this statement jumpsuit by @rhonkefellacollections ???

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3. Style #3

An easy way to make your Ankara jumpsuit outfit more modest and appropriate even for the workplace is to throw a complementary blazer over it – it can match one of the colours in the jumpsuit or have its own independent colour scheme.

4. Style #4

Ankara jumpsuit and beautiful curves are a match made in heaven: Ankara looks stunning on any body type and can make your special occasion outfit even more memorable.

5. Style #5

Cape has been one of the trendiest details in fashion of 2019, and while it’s more often seen on various dresses, it can also make your Ankara jumpsuit outfit look complete and like it has just been featured in a runway show.

 

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?? #jumpsuit #ankara #kitenge #ankarajumpsuit #kitengejumpsuit #boxbraids #offshoulderjumpsuit #offshoulderkitenge

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6. Style #6

Even on its own, this black and white Ankara jumpsuit would be a gorgeous and very elegant garment. However, the addition of a black turtleneck top makes it even more sophisticated and flattering.

7. Style #7

The cut of this Ankara jumpsuit may be unusual, but it can be a perfect fit for your personality if you love bold colour combinations and shapes and know a thing or two about accessorizing.

8. Style #8

A one-shoulder Ankara jumpsuit is the perfect compromise between the elegance of a long-sleeved top and the breeziness of a sleeveless bodice.

9. Style #9

Nigerian fashionistas can’t get enough of the peplum detailing on dresses and jumpsuits for one important reason: it’s the best way to make your silhouette simply perfect and add the balance to your figure.

10. Style #10

The idea of using two Ankara fabrics in a single jumpsuit is exactly what many fashionistas dream about: that way you can use two of your favourite patterns in one stylish and fresh outfit.

11. Style #11

Sometimes it takes just one interesting detail to make your look totally unique. In the case of this yellow and black jumpsuit, the interesting and eye-catching detail is the asymmetric neckline.

12. Style #12

When you are having doubts over the pattern for your next Ankara jumpsuit, you can always go for florals! Floral patterns are a must-have in every woman’s wardrobe and will never look out of place.

13. Style #13

Depending on your taste, you can make the addition of Ankara to your outfit as subtle as possible. Here the colourful Ankara flowers look simply fantastic against the blue background of the jumpsuit.

14. Style #14

If you feel most comfortable in long sleeves, there is nothing stopping you from using them in your new Ankara jumpsuit design. This outfit can become your go-to garment for any occasion!

15. Style #15

Off-shoulder design, keyhole cutout, and cropped pants are three of the details that make this Ankara jumpsuit especially interesting, but we also love the striking pattern of the outfit.

Culled from Jiji Blog

Bridal Styles For A Nikkah Wedding

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Bridal Styles For A Nikkah Wedding

Nigerian Nikkah weddings are as gorgeous and memorable as other types of wedding ceremonies that are popular in the country. A particularly interesting aspect of Nikkah weddings is the dress worn by the bride. Here are some ideas for your Nikkah wedding look.

1. What Is A Nikkah Wedding Dress?

A wedding gown for a Nikkah wedding can look very different from traditional European and Nigerian wedding dresses, but they are nonetheless beautiful and elegant. The most common feature of a Nikkah wedding dress is the fact that it conceals every part of the bride’s body except for her face, hands, and feet. The reason for that is the religious tradition, so even the most forward-thinking Nikkah brides always follow these guidelines.

At the same time, the approach to styling the bride for the Nikkah wedding is evolving just like everything else in the world. As a result, modern Muslim brides experiment with both the shapes and the fabrics of their wedding gowns. While keeping the design of the dress traditional, these brides may go for transparent fragments or more fitted shape of the garment.

With fairly limited space for trying different designs of the dress, Nikkah brides often invest all their effort into choosing the fabrics for the gown. Nikkah wedding dresses always look like a work of art and you can spend hours marvelling the intricate design of the dress and its sophisticated details.

However, not all brides prefer their Nikkah dresses to feature bold colours and striking detailing. For millions of Nigerian Muslim brides, a wedding is an opportunity to showcase their elegant and understated taste in fashion by choosing a monochrome dress in one of the more subdued colours: white, blue, cream, or various metallic shades.

2. Bridal Styles For A Nikkah Wedding

An all-white bridal outfit with lots of intricate lacework looks very good on this bride, and her top-notch makeup is the icing on the very pretty cake.

Here is how you can incorporate translucent fabrics into your Nikkah outfit while still looking perfectly modest and appropriate for your wedding.

This Nikkah bride couldn’t be happier, and one of the reasons for her elated mood is certainly her stunning wedding gown in an unusual green colour with beautiful embroidery.

Coordinating your wedding look with your groom’s outfit is one of the signs that your couple is meant to be, and the delicate peach colour of this dress is super pretty on its own.

If you don’t want to go for the standard white Nikkah wedding dress but still want to choose something from the pastel range of colours, this charming lilac shade should be right up your street.

If you are a bride with a more dramatic taste in fashion, you will need an equally dramatic Nikkah dress design. Personally, we love this black gown with interesting colour accents.

Here is another beautiful way to add colour to your Nikkah wedding gown: the red detailing on the cuffs is the perfect addition to the champagne colour of the dress.

finally, this Nikkah wedding dress is too stunning for words. From the elegant golden colour to the flawless shape and with the mesmerizing lace pattern, this must be one of the most beautiful Nikkah wedding gowns we have seen lately.

Culled from Jiji Blog

Konga Best Positioned As Leader In Nigeria’s E-Commerce Market, Prince Ekeh Tells CNN

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Konga Best Positioned As Leader In Nigeria’s E-Commerce Market, Prince Ekeh Tells CNN

Konga, Nigeria’s foremost e-commerce giant, has made significant strides which have positioned it as the clear leader in Nigeria’s highly competitive e-commerce market. The foregoing was disclosed by Co-Chief Executive Officer of Konga, Prince Nnamdi Ekeh in a chat with global news medium, Cable News Network (CNN).

Prince Ekeh was speaking to CNN Marketplace Africa on the sidelines of the first Creative Africa Exchange weekend held in Kigali, Rwanda from the 16th-18th January 2020. The Konga CEO was one of the speakers at the event which brought together over 1500 participants from 68 countries and over 250 exhibitors.

He disclosed that Konga’s omnichannel structure which sees it takes a percentage of the retail outlay in the online (formal) and offline (informal sector), self-owned tech-driven logistics solution, Kxpress through which it handles deliveries to customers as well as external parties, state-of-the-art regional warehousing facilities which enables it retains inventory in diverse states and locations in Nigeria as well as sound knowledge of the Nigerian business terrain are factors that have placed the company in front.

‘‘Konga is best positioned as the leader in the Nigerian e-commerce market. We are not just an e-commerce company but we run an omnichannel model with over 30 physical stores spread across Nigeria. So, we are closest to the people. Also, we are seeing huge growth in the business and in our customer base. Between last year and this year, the business grew by almost eight times,’’ he enthused.

Equally important, the Harvard alumnus based the foregoing on Konga’s strategic business ideals. Prince Ekeh affirms that the company is run efficiently and with transparency and integrity.

‘‘The key is growing your revenue while being able to manage your costs. That is the only way for sustainable growth. In the last year, we have been able to grow revenue by eight times but we have also been able to reduce our costs by 65%. That is quite huge.’’

Sharing his thoughts on how Konga is creatively resolving the challenge of logistics which has hobbled other players in the market, Prince Ekeh noted that the company had relied on its deep understanding of the Nigerian terrain – a factor which he emphasized has distinguished Konga in the marketplace.

‘‘The starting point for us was identifying the problem. There is a huge problem in Nigeria where the informal market is so huge, so massive; in fact, almost 98% of the market. This means that people don’t have access to quality products; they don’t have access to quality after-sales services.

‘‘So, we identified this problem when we came into the market. What we hold ourselves on is integrity and making sure that we are supplying quality products and as quickly as possible. We had to look internally and invest in a logistics platform for ourselves. So, we built a logistics platform working with franchisees in local areas. If you understand the dynamics of local villages in Nigeria, most people know each other. As long as we had the name and the phone number of the person who requires the product, someone in the local village knows that person. So we partnered with local people and empowered them to deliver to the last mile for us.

‘‘Today, we have built Kxpress, our logistics platform, to the point where we are not only delivering for Konga but for other partners. That’s where you begin to add value because not only Konga has that problem. A lot of people have the same problem. People who sell on social media have that problem too. So, we are building a platform not just for ourselves but for the entire industry. With that, we are able to scale much quicker.’’

Quizzed by the CNN’s Eleni Giokos on Konga’s expansion plans, Prince Ekeh disclosed that the goal is to dominate Nigeria, which the company has all but achieved, before expanding to other African countries.

‘‘Nigeria is one of the largest markets in Africa. We are looking at consolidating in Nigeria and ensuring our customers get the best services and then rolling out across Africa. If you are able to scale to the point where you can solve a lot of the problems in Nigeria, it makes it easy to take on other markets outside Nigeria. Definitely, Nigeria is the focus for now. That’s where we started and that’s where we hope to scale and once that is done, we can begin to expand to other African markets.’’

Continuing, he stated: ‘‘We have a lot of things going on. We are also adding a lot of business units. We recently launched our travel business in February 2019 and also have a Central Bank of Nigeria-licensed mobile money platform called KongaPay. We also have Xpress, our logistics business. We are a platform and as a consumer, we want to connect you to all these different services we provide. We also plan to roll out a lot more services so that our customers stay within that platform as we continue to grow the customer base.’’

Incidentally, there has been a lot of talk about foreign players such as Amazon and Ali Baba eyeing a share of the potentially money-spinning Nigerian e-commerce market. However, Prince Ekeh welcomed the development, even as he held that no one understands the Nigerian market better than Konga.

‘‘I love the competition because the market is huge. Competition is good. It keeps you on your toes. I mean, Nigeria has over 200 million people and the informal market is still like 98%. That means, all the big players in the market are only sharing just like 2% of the potential of the industry. As the formal market grows, we also see the pie growing which means more revenue for all of us. I think the market can still accommodate more players.

‘‘I should know my market better than anyone else. The funny thing is, when the foreign players come into the market, they face exactly the same problems. They face the crazy Lagos traffic; they face bad roads and bad infrastructure. So, we all have to face the same problems; which we have experienced all our lives, so it’s a bit easier to adapt and just like what we did with the logistics problems, it’s easier for us to find those innovative solutions,’’ he disclosed.

On how Konga is adding value and transforming lives, Ekeh took pride in giving others an opportunity like the one he was privileged to have.

‘‘Luckily, I was privileged to go to school abroad. I returned and I had access to funds. What keeps me up is how do I provide the same opportunity to people under me. In a way, I am doing that with Konga. I will give you an example. We have a seller that started off selling on our platform. She had a small shop in Balogun Market in Nigeria, which is a huge market, but like with very tiny shops. So, she was struggling at that point in time. She started selling on our platform and today, she has about 13 stores and her children now school outside the country. That’s huge and all we have done is just provide her with a platform to sell her products. She has access to the whole of Nigeria.’’

Ekeh, who stated that Konga is a technology company, described Africa as the new frontier of prosperity in the 21st Century, even as he threw some light on the trends shaping commerce in the current age.

‘‘I think Africa has so many opportunities. It was Jack Ma who once said that Africa has the potential to become the next China but what we need is great minds to come into the continent and invest in businesses and look for innovative ways to solve African problems.

‘‘When you look at Africa, we tend to skip trends. Africa skipped the Personal Computer trend and went straight to mobile. So, I feel like Africa might skip the e-commerce trend and go to social commerce. We see a lot of people buying products from Instagram, from Facebook, from various social platforms. And at Konga, our goal is not only to be an e-commerce platform. Our goal is to be an engine for commerce and trade in Africa. As much as our focus is e-commerce with physical stores, we are also venturing into social commerce. Anywhere we find our consumer, we try to play in that space as much as possible,’’ he concluded.

GTBank Extends Banking Hours Till 6pm

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GTBank Extends Banking Hours Till 6pm

Guaranty Trust Bank, GTBank has announced the extension of its banking hours till 6 pm today, Monday, 20 January 2020.

The extension, the bank said, is to pay up for the inconveniences experienced today by its numerous customers.

GTB, in a statement, said, “Dear customer, we know you have experienced some inconvenience today using our banking channels. We sincerely apologise for the disruption in the delivery of our services to you and we are extending banking hours at hour branches till 6 pm today. Thank you for banking.”

LONGRICH to invest additional $100M in LFTZ

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LONGRICH to invest additional $100M in LFTZ

Lagos State Commissioner for Commerce, Industry and Cooperatives, Dr. (Mrs) Lola Akande recently received top officials of LONGRICH Production Company on a courtesy where the company representatives expressed the readiness of the company to inject additional $100M worth investment to the Lekki Free Trade Zone.

Lekki Free Trade Zone is a collaboration of the Chinese and Nigerian governments under the management of Lekki Free Zone Development Company (LFZDC). Spread over 805 hectares of land, the zone will have several industrial zones and offer access to an enormous consumer market across West Africa.

Dr. Akande who described the proposed investment as a good development for the State and Nigeria as a whole added that when the investment potential of the Zone is finally harnessed, the economy of the State would receive a major boom just as more job opportunities would be created.

Akande disclosed that the proposed $100M investment which would come to fruition this year is an additional financial commitment by the company to the Zone following an earlier investment worth $20M injected by the company for the construction of its plants and offices in LFTZ.

As at today, Longrich remains the largest and most advanced centre for research, development, manufacture and sales of cosmetics and healthcare products in China, with their products in over 150 countries of the world.

In the same vein, the Commissioner received the management team of UpField Foods Nigeria Ltd where issues bordering on mutually beneficial relationships between the company and the state government were discussed.

Upfield is the largest plant-based consumer packaged goods company in the world, operating in 95 countries and sells multiple brands of margarine and other food spreads, including Flora, Blue Band, Stork, Becel and Country Crock.

In another development, the Commissioner and other senior officials of the ministry paid an assessment tour to the ALARO CITY located within the LFTZ where the Commissioner appreciated the progress of works within the city.

ALARO CITY is located within LFTZ and it’s a 1,000 hectares of land out of the 16,000 hectares land in the Trade zone. The land is earmarked as a mixed development site located within LFTZ and will serve both industrial and residential purposes.

IKOYI/VI CLEAN-UP: 29 Vehicles impounded as Major Night Operation Holds (Photos)

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IKOYI/VI CLEAN-UP: 29 Vehicles impounded as Major Night Operation Holds (Photos)

The enforcement campaign of the Special Committee on Clean-Up of Ikoyi and Victoria Island yesterday, embarked on a late-night operation and impounded 29 indiscriminately parked vehicles.

The operation which lasted till the wee hours of Sunday morning affected the stretch of Adetokunboh Ademola street, Olosa street, Oko Awo and Oyin Jolayemi streets.

All the vehicles including those that were parked at prohibited places including walkways and setbacks and the frontage of EKO Hotels and Towers were towed away by officials of LASTMA.

Some of the drivers and owners of the vehicles who attempted to drive away some of the vehicles while being towed were arrested by officers of the Task Force but later released on bail.

At the Ajose Adeogun junction linking Adetokunboh Ademola, many street traders selling late-night food were dislodged and their wares confiscated by KAI operatives who were also part of the operation.

The enforcement team which was led by CSP Yinka Egbeyemi also raided the Ahmadu Bello Way dismantling all illegal structures and shanties which harboured miscreants and ensured that the wreckage was carted away by LAWMA trucks as the operation progressed.

The enforcement team also drove through Awolowo Way in Ikoyi where some level of compliance was observed in terms of parking by patrons of clubs and karaoke centres because the road was free from obstructive parking.

According to the Chairman of the Task Force, CSP Egbeyemi, the enforcement campaign in Victoria Island/Ikoyi is a relentless one which will continue until all observed environmental nuisances are removed.

Lagos State Safety Commission sensitizes Lagos Island Residents, seals Defective Building (Photos)

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Lagos State Safety Commission sensitizes Lagos Island Residents, seals Defective Building (Photos)

The Director-General, Lagos State Safety Commission, Mr. Lanre Mojola has declared zero tolerance for safety infractions in any part of the State; this he said during a safety awareness campaign tagged: “Keep Safe, Stay Alive” held on Lagos Island.

The Commission took to some streets on Lagos Island to sensitize commuters and residents in pidgin, Yoruba, Hausa, and Igbo languages, at Tafawa Balewa Square, CMS, Tinubu, Nnamdi Azikwe and Tom-Jones residents on the need to be safety conscious.

Mojola who led the campaign harped on domestic, environmental and market place safety, attribute the storage of flammable materials in shops as one of the major causes of fire outbreaks in market places leading to loss of lives and property.

He advised that basic safety measures be put in place in all public places like installations of fire extinguishers and safety signages at designated places within markets and other public facilities.

The Commissioner for Local Government and Community Affairs, Dr. Wale Ahmed also lend his voice to the campaign, urging residents to report unsafe activities to relevant authorities.

During the sensitization exercise, a construction site was sealed by the Commission for safety infractions with a promise to investigate activities on the construction site.

LAWMA to Create Hall of Shame for Environmental Offenders

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LAWMA to Create Hall of Shame for Environmental Offenders

The Lagos Waste Management Authority (LAWMA) will soon begin a campaign tagged: #HallofFame and #WallofShame, to recognize efforts of individuals whose activities promote environmental cleanliness in the state, while naming and shaming residents who indulge in reckless waste disposal.

LAWMA disclosed this following the arrest and sentencing to community service by a mobile court of some persons caught disposing of waste in unauthorized locations in the state.

The statement reminded residents of Governor Sanwo-Olu’s executive order on zero tolerance to traffic and environmental infractions, stressing that ignorance of the law should never be an excuse to engage in acts capable of causing harm to the environment and the people.

It said that days of condoning littering and indiscriminate waste disposal in the metropolis were over; adding that apart from carrying out community service, environmental offenders would be named and shamed, using the agency’s social media handles and other public communication channels.

The Authority further said that it had embarked on various media advocacy programmes and community sensitization campaigns across the state to educate residents on the need to imbibe the culture of effective waste management in their localities.

It further appealed to parents to properly guide their children and wards against harmful environmental practices, warning that anyone caught dumping waste indiscriminately under the cover of darkness would be made to face the full wrath of the law, as the Authority’s waste policing is effective 24/7 and would not spare any defaulters.

Residents were enjoined to embrace recycling and the waste-to-wealth initiatives of the state government, which would not only make the environment cleaner and safer but also provide a viable means of income.

It also advised Lagosians to promptly contact the Authority using the toll-free line 07080601020, for complaints and relevant information.

Q3 2019: All Commodity Group Index Grew By 2.48%

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Q3 2019: All Commodity Group Index Grew By 2.48%

Highlights: 

Between July and September 2019(Jan 2018=100):

  • The All commodity group import index grew by 2.48%. This was mainly driven by increases in prices of Base metals and articles of base metals; Articles of stone, plaster, cement, asbestos, mica, ceramic; and Plastic, rubber and articles thereof.
  • The All commodity group export price index increased marginally by 0.12% due to increases in the prices of raw hides and skins, leather, fur skins etc.; saddlery, Prepared foodstuffs; beverages, spirits and vinegar; tobacco, as well as Base metals and articles of base metals.
  • All products terms of trade (TOT) index decreased by 2.33% as a result of a significant decrease in the prices of Vegetable products.
  • The All region group export index rose by 0.12% mainly due to marginal increases in the export prices to Africa, America and Europe.
  • The All region group import index increased by 2.48% due to increases in import prices from Africa and Europe.
  • All region terms of trade on average decreased by 2.33% due to lower export prices to Africa and Europe.
  • The major export and import markets of Nigeria in Q3 2019 were India, China, Spain, the United States and the Netherlands.
  • The major export to these countries was crude petroleum and natural gas.
  • The major imports from these countries were Motor spirits, Used Vehicles and motorcycles.

Terms Of Trade

The terms of trade (TOT) represent the ratio between a country’s export prices and its import prices. The ratio is calculated by dividing the price of the exports by the price of the imports, usually in percentage terms. An increase in the terms of trade between two periods (or when TOT is greater than 100%) means that the value of exports is increasing relative to the value of imports, and the country can afford more imports for the same value of exports. For example, an increase in the price of oil between two periods (with oil production remaining the same) is likely to increase or improve the terms of trade for Nigeria and vice versa. The TOT is recorded as an index and can be used as an indicator of an economy’s health.

Commodity Price Index July To September, 2019

All commodity group import index

The All commodity group import index grew by 2.48% on average between July and September. This was mainly driven by increases in prices of Base metals and articles of base metals; Articles of stone, plaster, cement, asbestos, mica, ceramic; and Plastic, rubber and articles thereof. The index rose 1.43% in September after increasing 1.05% the previous month.

The main drivers of the change between July and August were Paper making material; paper and paperboard (7.65%), Textiles and textile articles (6.24%) and Prepared foodstuffs; beverages, spirits and vinegar; tobacco (5.99%). This was partially offset by Footwear, headgear, umbrellas, sunshades, whips (-5.49%), Vegetable products (-5.04%) and Wood and articles of wood, wood charcoal and articles (-4.17%).

In September 2019  the all commodity group import index rose 1.43%. This was driven by Base metals and articles of base metals (15.81%), Vegetable products (7.94%) and Articles of stone, plaster, cement, asbestos, mica, ceramic (7.33%). These increases were offset by Textiles and textile articles (-8.28%), Papermaking material; paper and paperboard(-8.07%) and Prepared foodstuffs; beverages, spirits and vinegar; tobacco (-7.92%).

  1. All commodity group export index 

The All commodity group export price index increased marginally by 0.12% between July and September. This was attributed to increases in the prices of raw hides and skins, leather, fur skins etc.; saddlery, Prepared foodstuffs; beverages, spirits and vinegar; tobacco, as well as Base metals and articles of base metals.  The monthly changes showed that the All commodity export index declined 0.12% in September, after increasing 0.24% in August.

The 0.24% increase in August was driven by Raw hides and skins, leather, fur skins etc.; saddlery (15.14%), Prepared foodstuffs; beverages, spirits and vinegar; tobacco (12.86%) and  Plastic, rubber and articles (10.45%). This was offset by decreases in Vegetable products (-13.67%) and Footwear, headgear, umbrellas, sunshades, whips etc (-6.63%).

The monthly change in September of All commodity export index stood at  -0.12%. This decrease was mainly due to decreases in the prices of Plastic, rubber and articles thereof (-13.32%), Live animals; animal products (-6.94%) and Vegetable products (-5.82%).

Terms of Trade by commodity (2018 Jan=100)

The All commodity group terms of trade stood at 103.39 in July, 102.56 in August and 100.99 in September.

This represents a decrease of 0.80% in August and 1.53% in September. On average, the terms of trade decreased by 2.33%. This decrease is explained by fall in the prices of vegetable products (-21.84%), Plastic rubber and articles (-8.52%) and live animals; animal products (-8.46%).

All-Region Group export index

The All region group export index, on average, rose by 0.12% between July and September.  This was due to marginal increases in the export prices to Africa, America and Europe. The month on month changes showed that the All region group export index decreased (-0.12%) in September after increasing 0.24% in August.

The trend of the All-Region export index is attributed to lower export prices to all the regions during the period under review.

Between August and September 2019  the monthly change in the All-Region export index stood at -0.12. This is explained by decreases in export prices to America (-0.06%), Asia (-0.28%) and Europe (-0.09%). 

All-Region Group import index

The All-Region group import index on average increased by 2.48%, following an increase of 1.05% in August and 1.43% in September.

Import prices from the All-Region group rose 1.05% in August. This was mainly due to increases in import prices from America (16.93) and Africa (14.54).

The increase recorded in the All region import index in September is attributed to increases in import prices in Asia( 2.80%), Europe (4.83%) Oceania (4.76%) and Africa (1.27%).

Terms of Trade by Regions [2018 Jan=100]

The All-Region group terms of trade stood at 103.39 in July, 102.56 in August and 100.99 in September. This represents decreases of 0.8% in August and 1.53% in September. On average, the terms of trade decreased by 2.33% between July and September. This decrease is explained mainly by decreases in the prices of Trade with Africa (-13.90%) and Europe (-5.21%).

Merchandise Trade By Top Five Partners  And By Major Commodities (N’ million) Q3, 2019

India remained the largest export market in Nigeria, in the third quarter of 2019. Export trade to India was valued at N775.70 billion, accounting for 14.67% of total exports. The largest export commodity to India was crude oil (N694.89 billion). This was followed by Natural gas liquified (N77.02 billion), Aluminum alloys, unwrought (N0.84 billion), Cathodes and sections of cathodes of refined copper (N0.47 billion) and others. On the other hand, Nigeria imported motorcycles and cycles, imported CKD by established manufacturers >50cc<=250cc (N81.82billion), Kerosene Jet fuel (N13.42billion), Antibiotics n.e.s (N10.19 billion) and others from India during the period under review.

  1. CHINA

China is a major Trading partner in Nigeria. In Q3 2019, Nigeria’s export trade with China was dominated by crude oil valued at N129.29 billion, followed by Natural Gas liquefied (N22.47 billion), Dredgers (N7.87billion) and others. In terms of imports, Machines for the reception; Chassis fitted with engines for assembly plants, of vehicles; as well as Imported motorcycles and cycles, imported CKD by established manufacturers >50cc<=250cc valued at N50.56 billion, N50.42 billion and N35.66billion respectively were imported from China.

2. SPAIN

Nigeria’s major export to Spain in Q3 2919 was Crude oil valued at N377.79billion. This was followed closely by Natural liquified gas worth N70.34 billion. Other products were Leather further prepared after tanning valued at N4.12billion. During the quarter, motor spirits worth N56.67billion was imported from Spain. Other imports were Mixed alkylbenzenes and mixed alkyl naphthalenes, (N6.17billion) as well as Petroleum bitumen (N4.64 billion).

3. The United States

In Q3 2019, Nigeria exported N329.81billion worth of Crude oil to the United States of America. Other major export commodities included False beards, eyebrows and eyelashes, etc, of synthetic fibres valued at N0.46 billion and Sesamum seeds, whether or not broken N0.34 billion. In terms of imports, the main commodities imported were Used Vehicles, with diesel or semi-diesel engine, of cylinder capacity >2500cc, amounting to N120.86billion of total imports during the period under review. Other products imported were Other refrigerated vessels, other than those of subheading 8901.20 (N38.41billion), Durum wheat, seed (N26.75billion), Durum wheat (Not in seeds) (N22.61billion) and others.

4. The Netherlands

In Q3 2019, Nigeria exported N485.73 billion worth of Crude oil to the Netherlands. Other major export commodities were Other petroleum gases etc in the gaseous state valued at N9.40 billion and Good Fermented Nigerian Cocoa Beans N6.18 billion. In terms of imports, the main commodities imported were motor Spirits, which amounted to N135.03 billion. Other products imported were Other Medicaments covered in the heading not specified or included (N33.91billion), Gas oils (N31.63billion), Kerosene type jet fuel (N6.57 billion) and others.

Download Q3 2019 Commodity Price Indices and Term of Trade PDF Report

All You Need To Know About The New PlayStation 5

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All You Need To Know About The New PlayStation 5

It has been over six years since the latest Sony gaming console, the PlayStation 4, came out. So it’s completely understandable that the fans of the device are anxious for a new release. Last week, Sony officially confirmed that the PlayStation 5 is on its way.

Here is everything you need to know.

1. Sony PS5 Specs

The most interesting aspect of the upcoming console is, of course, its specification. After the triumph of the PlayStation 4, fans are not expecting anything less impressive. Here are the rumoured specs of the Sony PlayStation 5:

  • The official design of the device has not been unveiled yet, but a few leaks suggest the PS5 will look completely different from its predecessors. The console is expected to have a V-shaped cavity on top and numerous ventilation spots.
  • The PlayStation 5 will also come with a new controller. With the revised shape, built-in microphone and audio, and haptic feedback support, the player will feel even more immersed in the game than with previous versions of PlayStation.
  • The PS5 will be powered by a custom 8-cored AMD chipset, which will unleash even more visual finesse for your gaming experience. The chipset will also make the ray tracing technology possible, which will make your gaming session look like a scene from a Hollywood blockbuster.
  • The console will be equipped with a brand new generation of SSD storage, which will allow even the heaviest games load faster than ever before.
  • The PlayStation 5 will double as a Blu-Ray player and will support not only 4K video, but also 8K video, TV, and games.
  • The 3D audio technology is included in the PS5 to further the immersion process. The quality of audio will be particularly noticeable to players who prefer to game wearing their headphones.
  • The two key software features of the new PlayStation are PlayStation Now, the cloud gaming technology, and Remote Play, which was already available with the PS4 and allows you to stream a PS game to any compatible device.
  • Backward compatibility was among the most pressing issues for the fans of PlayStation for years, and Sony itself confirmed that the PS5 will have backward compatibility. It means that you will be able to play any PS4 game on your new PS5. Moreover, some leaks suggested that the PlayStation 5 will be able to run PS3, PS2, and even original PlayStation games.
  • Virtual reality will be a big part of the PlayStation 5 experience. While fans should not expect a new VR set to come out at the same time as the PS5, the team at Sony understands its importance and plans to unveil a brand new wireless VR headset sometime after the launch of the PS5.
2. Sony PS5 Release Date And Price

Normally, fans have to guess the release date for new devices based on leaks, but this time, Sony announced that the new console will be released in time for the 2020 holidays, which places the release date between October and early December of 2020. One leak suggested that the PS5 will be released on November 20, but this has not been confirmed yet.

As for the price, nothing has been announced officially. However, based on the technology used in the PlayStation 5 and Sony’s previous release prices, some tech magazines and experts estimate the price of the PS5 to be around $500, or ₦180,000.

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