Agricultural stakeholders have pushed for extensive subsidies on fertilisers and inputs to boost output and lower the rising cost of staple foods. According to them, the action was necessary to ...
Nigeria's imported food inflation surged to 36.38% in June 2024, up from 34.83% in the previous month, marking a 1.55 percentage point increase. The Consumer Price Index (CPI) data from ...
Food inflation increased to 40.66 percent in May, making it harder for Nigerians to feed themselves. This occurred as the price of food increased by 61%, from 25.25% in June ...
According to data from the National Bureau of Statistics (NBS), the prices of food commodities in Nigeria surged by 40.53% in April. This increase marks a significant jump of 15.92 ...
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the government as palliatives is contributing to the galloping food inflation ...
In February 2024, Nigeria witnessed a staggering surge in imported food inflation, reaching an alarming 29.8%, marking a significant leap from the previous month's 26.3%. This spike translates to a ...
Despite the usual low spending patterns associated with January, Nigeria's headline inflation surged to 29.90 percent, according to a report by the National Bureau of Statistics (NBS). This marked a ...
AFEX, a prominent player in the African commodity market, presented its 2024 outlook, foreseeing an increase in commodity prices during an event at its Lagos office. The annual report delves ...
The World Bank has said that Nigeria and other countries in Africa, North America, and Latin America have been most affected by domestic food price inflation. In its recently released ...
Nigerians are finding it more difficult to feed themselves, as food inflation rose to 32.84 per cent in November. According to the National Bureau of Statistics’ Consumer Price Index: November ...
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