The Central Bank of Nigeria released $689.88m (N903.95bn at the official exchange rate of N1,309/$ as of March 31, 2024) to Nigerians for importing food items in the first quarter of 2024. It was also gathered that the amount of…
By Seun Ibiyemi In a bid to cushion the effect of the planned protest by Nigeria citizens, to fight against inflationary trend, the Federal Government, through the Nigeria Customs Service (NCS), has suspended import duties and taxes on some items…
By Esther Agbo Nigeria’s imported food inflation surged to 36.38 percent in June 2024, up from 34.83 percent in May, marking a 1.55 percentage point increase, according to the Consumer Price Index (CPI) data from the National Bureau of Statistics…
…As IGP orders nationwide protection for protesters (Politics) …NBA urges cancellation, advocates dialogue …Yoruba group urges youths to avoid protest …No amount of threats can stop nationwide protests — CSOs dare FG …Stay on campus during protests — Education minister…
By Kenechukwu Aguolu, FCA, PMP, CBAP According to the National Bureau of Statistics, the food inflation rate for June was 40.87 percent on a year-on-year basis and 2.55 percent on a month-on-month basis. However, some people believe that the food…
The National Council on Nutrition has approved new measures to combat malnutrition and food insecurity in Nigeria. This is in line with the President Bola Ahmed Tinubu administration’s efforts to improve the nutritional status of all Nigerians. Speaking on Tuesday…
…As State Govt vows to deal with defaulters, issues N1.5bn interest-free loan to traders By Dennis Udoma, Uyo Investigations by Nigerian NewsDirect has revealed how illegal taxes and forceful membership of associations is fueling an increased hike of food prices…
The United Nations World Food Programme has conceived a food initiative to support Nigeria and seven other West and Central African countries to tackle hunger, shortages of food items, and soaring prices. Other countries to benefit from the initiative are Cameroon, Central African Republic, Chad, Mali,…
The federal government of Nigerian is requesting a $500 million loan from the World Bank to repair rural roads, enhance agricultural product access, and combat rising food prices. The World Bank stated that this loan will benefit 92 million rural…
The beginning appreciation of the Naira against the dollar as a result of the positive policy formulation from the Monetary Policy Meetings (MPC) is a welcome development by the steering team led by the Governor of the Central Bank of…
