By Seun Ibiyemi In its 299th meeting held on February 19-20, 2025, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) unanimously decided to retain the Monetary Policy Rate (MPR) at 27.5.per cent. This decision comes in the context…
A prominent APC Chieftain in Ikorodu, Lagos State, Honourable Abdulkareem Olugbenga Shittu has marked the end of the year 2024 with the distribution of free rice to his constituents. The distribution which is a yearly initiative of the Abdulkareem Shittu…
..Residents seek alternatives as food, chicken prices surge …Traders blame high transportation costs for skyrocketing livestock prices .By Ismail Azeez, Osogbo and Austine Emmanuel, Kaduna As the festive season approaches, traders in Lagos, Osun, and Kaduna are expressing deep concern…
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…
