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Oil prices dropped on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned overnight of continued weakness and fresh data showed Chinese exports and imports slumped last month.
Despite a worsening tariff war, China's trade surplus with the United States has widened to a record $34.1bn in September.
Chinese factory activity slowed in September, official data showed Sunday, as the Asian giant’s trade war with the United States showed no sign of abating.
Fresh sparring between Washington and Beijing over trade kept world stocks close to three-week lows on Wednesday, while a slight dollar pullback gave little respite to emerging markets, Indian rupee plumbed new record lows.
Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November.
Exports of goods and services in real terms grew strongly in the second and third quarters of 2017, following the first quarter’s 17.24 per cent year-on-year decrease while the annual growth rate of real exports was recorded 8.74 per cent, slightly less than 11.53 per cent recorded last year.
The Kebbi State Government on Sunday confirmed one death from six cases of Lassa Fever in the state.