Inflation: Households struggle to cope with galloping food prices
…Embrace alternatives for survival …Use mushroom as substitute for meat lTraders blame crisis on insecurity lFG reiterates commitment to food security By Yinka Kolawole, Elizabeth Adegbesan, Cynthia Alo & Mariam Adebukola The astronomical surge in food prices has forced many Nigerian households to adopt various coping mechanisms to survive, a survey by Financial Vanguard has […]
Hardship: We can no longer plan our meals, FCT residents cry out
A cross-section of residents of the Federal Capital Territory (FCT), says they can no longer fend for their families due to the rising cost of foodstuff.
Fuel price rises 223.21% to N769.62 per litre — NBS
The national average retail price paid by consumers for Premium Motor Spirit, PMS, otherwise known as petrol increased year-on-year, YoY, by 223.21 per cent to N769.62 per litre in May 2024 from N238.11 per litre recorded in the corresponding period of 2023.
Cost of Living: Households reduce consumption expenditure
At the backdrop of the escalating cost of living crises, the National Bureau of Statistics, NBS, has released the long awaited ‘Gross Domestic Product (GDP) Report by Expenditure and Income Approach’, the first since second half of 2023, H2’23, showing negative shift in household consumption expenditure.
Nigeria’s inflation rate rises to 33.95% in May
Nigeria’s headline inflation rate rose by 0.26 percentage points to 33.95 percent in May from 33.69 per cent in April.
World Bank announces $2.25bn loan for Nigeria
“This financing package reinforces the World Bank’s strong partnership with Nigeria, and our support towards reinvigorating its economy”
