Food Inflation

The Lagos Chamber of Commerce and Industry (LCCI) says it is anticipating that businesses will implement a variety of cost reduction strategies to lower operating expenses and maintain profitability amidst inflationary pressures. READ…

An Elder statesman, Chief Emmanuel Iwuanyanwu, called on Igbo communities to boost the agricultural activities in their areas to address the issue of food inflation facing Nigerians. Iwuanyanwu stated in a meeting of the people of…

Latest inflation report published by the National Bureau of Statistics (NBS) has shown that food inflation in Nigeria hit 22.02 percent in July, an upward trend from 20.60 per cent in June. Similarly, the consumer price index also surged…

The World Bank has attributed food inflation in Nigeria to import restrictions and non-flexible exchange rate management of the Central Bank of Nigeria (CBN). The world lender also revealed that the COVID-19 pandemic-induced…