NASC to refund N6.9bn for contract inflation
Audit report reveals National Assembly Service Commission inflated contracts by N6.93bn without approvals. Read the shocking details of financial misconduct.
Category : Search result: food inflation
CBN: Nigeria's inflation drops to 16.05% in October
CBN Governor Cardoso announces sharp decline in inflation and FX market stabilization. Nigeria's economic reforms showing positive results with renewed investor confidence.
CBN Won't Fund Fiscal Deficits, Says Cardoso
CBN Governor Olayemi Cardoso declares an end to fiscal deficit financing, commits to single-digit inflation. Nigeria's economy shows resilience amid reforms. Read more.
Nigeria's Economy Stabilizes as Inflation Halves to 16.05%
CBN Governor Cardoso reveals Nigeria's economic turnaround: inflation dropped from 34.6% to 16.05%, forex reserves hit $46.7B, and growth reached 4.23%. Discover how reforms are driving sustainable growth.
Asian markets pause as investors eye Fed rate cuts
Asian markets took a breather after a strong rally, with focus on upcoming US economic data and the high probability of a December interest rate cut by the Federal Reserve.
Japan PM's Popularity Tested by China Tensions, Inflation
Japan's Prime Minister Sanae Takaichi faces economic challenges as China tensions escalate and inflation threatens her political honeymoon. Will her stimulus package work?
NY Mayor's City-Run Grocery Stores Plan Sparks Debate
New York's incoming socialist mayor Zohran Mamdani proposes government-run supermarkets to address food insecurity affecting 1.4 million residents. The plan faces criticism from conservatives.
Nigeria's Inflation Falls to 16.02% Amid Economic Debate
Nigeria's inflation rate dropped to 16.02% in October 2025, marking sixth consecutive decline. Experts question if statistics reflect true economic reality for average Nigerians. Read analysis.
Bread Prices Remain High Despite Cheaper Flour in Nigeria
Nigerian families face ongoing hardship as bread prices refuse to fall despite significant drops in flour costs. Bakers blame high electricity, diesel and other ingredient expenses.
Naira Strengthens to N1,441/$ Amid CBN Policy Hold
Naira appreciates to N1,441/$ following CBN's decision to maintain MPR at 27%. Analysis of monetary policy impacts on currency stability and inflation control. Read more.
35 Million Nigerians Face Severe Hunger Due to Insecurity
UN warns rising insecurity in Northern Nigeria could push 35 million into severe hunger during 2026 lean season. WFP emergency resources deplete by December without urgent funding.
NBS Reports Significant Drop in Nigerian Food Prices
NBS data reveals a welcome decline in prices of beans, garri, and maize in Nigeria for September 2025. Discover the latest food price trends and regional variations.
CBN Retains 27% Interest Rate to Combat Inflation
Nigeria's Central Bank maintains Monetary Policy Rate at 27% to stabilize prices. MPC keeps tight monetary stance as inflation shows signs of easing. Full details inside.
CBN Retains MPR at 27%, Delays Loan Rate Cuts
Nigeria's Central Bank maintains 27% interest rate to fight inflation. Businesses and borrowers face continued high loan costs as monetary tightening persists. Learn what this means for you.
US Retail Sales Growth Slows to 0.2% in September
US retail sales cooled to 0.2% growth in September as consumers face higher prices and Trump's tariffs impact costs. Discover how value-hunting trends are reshaping spending.
Nigeria's Money Supply Jumps to N117.8 Trillion
Nigeria's money supply surged by 75.9% to N117.78 trillion in two years, CBN data reveals. Experts warn this could trigger inflation if it outpaces economic productivity.
Jihadist Attacks Fuel Record Hunger in Northern Nigeria
UN reports jihadist violence pushes 35 million Nigerians toward severe food insecurity. Thousands face famine-like conditions as attacks intensify amid funding cuts.
CBN: Economy Improving But More Work Needed
CBN Deputy Governor Emem Usoro reports inflation at 16.05%, naira below ₦1500/$ but says Nigerians yet to feel relief. Calls for fiscal-monetary policy alignment.
Asian Markets Rise as US Rate Cut Hopes Soothe Nerves
Asian stocks climbed as renewed US interest rate cut expectations calmed markets after a turbulent week driven by AI bubble fears. Key inflation data due this week.
Americans Spend Record $1 Trillion Despite Inflation
US holiday spending expected to reach $1 trillion despite inflation concerns. Online sales surge 5.3% as AI transforms shopping habits. Read more about this economic paradox.
Experts Urge FG to Cut MPR for Economic Growth
Economic experts advise the Nigerian government to reduce the Monetary Policy Rate and maintain policy consistency to stimulate investment and boost sustainable growth.
UNILAG Hosts Agroween 2025 to Promote Student Agriculture
University of Lagos partners with IRF for Agroween 2025 festival and ARA Awards on November 25. Event aims to address food insecurity through innovation and agricultural literacy among students.
Rice Prices Drop 40% in Nigerian Markets
Nigerian consumers rejoice as rice prices plummet from N95,000 to N55,000 per bag due to increased local production and imports. Traders face losses while experts warn the relief may be temporary.
Bandits' gun technician, suppliers arrested in Kwara
Kwara security forces arrest bandits' armourer from Makurdi and food suppliers. Police reveal social media concerns and new tactical deployments. Read full details.
IMPI: Nigeria's PMI Expansion Cuts Inflation to 16.05%
IMPI reveals Nigeria's PMI expansion for 11 months straight has driven inflation down to 16.05%. Think tank maintains 14% year-end projection and expects MPC rate cut. Read full analysis.
Naira falls to N1,454/$ despite $46.7bn FX reserves
Naira declines against US dollar despite Nigeria's foreign reserves reaching $46.7bn, a seven-year high. CBN Governor confirms economic improvements amid inflation slowdown. Read more.
LCCI Raises Alarm Over Nigeria's Rising Food Inflation
LCCI Director General Dr Chinyere Almona expresses concern over Nigeria's persistent food inflation despite cooling headline rates. Urgent government action needed to improve food security.
Valuation's Role in Nigeria's Housing Inflation Crisis
Nigeria's housing sector faces severe inflation challenges. Discover how professional valuation helps investors navigate risks in Lagos, Abuja, and Port Harcourt markets. Learn key strategies.
UI Veterinary Public Health Marks 50th Anniversary
University of Ibadan's Veterinary Public Health department celebrates 50 years, stakeholders call for evidence-based research and government support for food safety and national health.
Swiss Farmers Protest US Trade Deal Over Chlorinated Chicken
Switzerland faces farmer protests over US trade deal that may allow hormone-fed beef and chlorinated chicken imports. Learn how this affects Swiss food standards and consumer safety.
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