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 ...
Tag: Food inflation
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 ...
Prices of beans, tomato, yam, potato rise by over 250% in one year
The prices of major staple foods in Nigeria such as beans, yam, potato, plantain and tomato have risen by over ...
Top 10 most expensive Nigerian states to live in June 2024
The cost of living in Nigeria continues to rise, with June 2024 Consumer Price Index (CPI) data showing a consistent ...
Nigeria’s inflation rises to 34.19% in June 2024
Nigeria’s inflation rate in June 2024 surged from 33.95% in May 2024 to 34.19% in June according to the latest ...
Food importation will erode gains made in rice, maize, wheat production in Nigeria – Farmers Association
The National President of the All Farmers Association of Nigeria (AFAN), Arc. Kabir Ibrahim has stated that the duty-free importation ...
FG approves 150-day duty-free window for importation of maize, rice, wheat
The federal government has approved a 150-day duty-free window to allow the importation of maize, husked brown rice and wheat ...
10 most expensive staple foods to buy in Nigeria in May 2024
In May 2024, Nigeria experienced a headline inflation rate of 33.95%, up from 22.41% in May 2023, reflecting significant economic ...
