Top 5 African countries most affected by hunger
Hunger and food insecurity are serious problems in many African countries. These challenges are caused by conflict, climate change, economic instability, and weak farming systems.
Cartoon: Moving from ‘Change’ to ‘Renewed Hope’ is expensive
Cartoon: Moving from ‘Change’ to ‘Renewed Hope’ is expensive
Price of bag of local rice rises 152% to N95,738
By Elizabeth Adegbesan The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024 from N37,853 in September 2023. Data from the National Bureau of Statistics, NBS, ‘Selected Food Price Watch’ for September 2024 showed that the price of 1 kilogram (Kg) of local rice stood at […]
Inflation: 46% of African businesses see declines, 70% embrace digital – Report
A recent CEO survey conducted by Africa Practice has revealed that 46 percent of African businesses are experiencing revenue declines due to inflation and macroeconomic pressures.
Naira appreciates to N1,715 in parallel market
By Elizabeth Adegbesan However, the Naira yesterday appreciated to N1,715 per dollar in the parallel market from N1,725 per dollar last weekend. However, the Naira yesterday depreciated to N1,603.16 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,603.16 per dollar […]
Nigeria’s inflation rate rises to 32.7%
It reverses a two-month consecutive decline to 32.15% in August. The reversal was driven by a surge in the month-on-month food inflation to 2.64% from 2.37%
