World Bank ranks Nigeria among countries most hard hit by food inflation
The World Bank has ranked Nigeria among the top ten countries most hard hit by food inflation in the world. ...
Tag: Food inflation
Increase in petrol prices unlikely to affect food inflation- CardinalStone Research
A new report by CardinalStone research has noted that the increase in petrol prices by the NNPC in the past ...
Top 10 most expensive states to live in Nigeria in August 2024
The headline inflation rate in August 2024 stood at 32.15%, marking a slight decrease of 1.25%-points from 33.40% in July ...
Nigeria’s inflation rate slows for the second consecutive month to 32.15% in August- NBS
Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a ...
More than 31 million Nigerians currently facing severe food crisis – FG
The federal government has stated that more than 31.8 million Nigerians are currently facing acute food shortages due to ongoing ...
Nigeria’s inflation rate drops for the first-time in 19 months, at 33.40% in July
Nigeria’s headline inflation rate decreased to 33.40% in July 2024, down from 34.19% in June 2024. This marks the first ...
Food gulps 17% of Nigeria’s dollar spending on imports in Q1 2024
The import of food products gulped about $689.88 million in the first quarter of 2024, which is about 17% of ...
10 most expensive staple foods to buy in Nigeria in June 2024
Nigeria's economy has been grappling with significant inflationary pressures, which have notably impacted the prices of staple foods.
Average cost preparing a pot jollof rice hits N20,000 in June- Report
The average cost of cooking a pot of jollof rice increased by 19.6%, from N16,955 to N20,274, between March and ...
FG’s revenue to debt service ratio dropped from 97% to 68% in 2024 – Wale Edun
The Minister of Finance, Wale Edun, has said Nigeria’s revenue to debt service ratio has declined from 97% in 2023 ...
