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Food inflation

10 Nigerian States With Highest Food Inflation In June 2025

Nigeria’s inflation rate has been on a downward trend for the third consecutive month. The Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Wednesday shows that the headline inflation further dropped to 22.22 per cent in

July 17, 2025

Business

Three States In Nigeria With Highest Food Prices

High food prices in Nigeria have become a major economic and social challenge, driven by a combination of factors including inflation, supply chain disruptions, currency depreciation, and structural issues in agriculture. The Consumer Price Index (CPI) released by the National Bureau of

May 17, 2025

Business

Pot Of Jollof Rice Now Above ₦25,000 – Report

In Nigeria, the average cost of cooking a pot of jollof rice for a family of five has increased from ₦21,300 in September 2024 to ₦25,486 as of March 2025, a nearly 20 per cent increase in just six months. SBM Intelligence

April 25, 2025

Business·Finance & Economy

Nigerian Govt Mulls Zero Interim Import Duty On Selected Food Items

The Nigerian Government has proposed a temporary zero-duty levy on selected food imports, as part of measures to reduce food prices and alleviate the burden of inflation on the citizens. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,

September 11, 2024

Business·News

Inflation Pressure Hit Nigerian Business Activity, Dropping to 8-Month Low

Inflation Triggers Business Decline in Nigeria Nigeria’s business landscape faced a notable setback in July as inflation pressure led to a steep decline in business activity. The latest Purchasing Managers’ Index (PMI) report from Stanbic IBTC Bank revealed that the headline index

August 12, 2024

Business·FEATURES

High Food, Drug Costs, Push Nigerians Into Healthcare Dilemma

The high cost of drugs in Nigeria has become a pressing issue in recent times as prices continue to rise unabatedly, even as the people equally grapple with high food prices. Just as basic medicines are currently out of reach, especially for

August 10, 2024

News

Nigerian Govt’s Suspension Of Taxes On Food Imports Will Stabilise Prices – NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), has commended the decision of the Nigerian government to suspend taxes on the importation of key food commodities, noting that it would help in stabilising prices. In a statement signed

July 9, 2024

Business·News

Food Inflation Crisis: Nigerian Govt Approves N2trn Package, Suspends Duty On Rice, Wheat, Others

In response to the escalating food inflation crisis, the Federal Government has approved an intervention plan to stabilise and advance the country’s food security. Minister of Agriculture and Food Security, Abubakar Kyari, announced the approval of N2 trillion to combat food inflation

July 9, 2024

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Finance & Economy

Food Prices Remain Major Contributor To Nigeria’s High Inflation

As Nigeria's inflation rate continues to surge, high food prices has remained a major contributor to it.

June 16, 2024

NACCIMA Boss, Oye, To Chair Vanguard Economic Summit 2025

Business·News

Implications Of Naira Devaluation Multifaceted, NACCIMA Tells Governors

NACCIMA president, Dele Kelvin Oye, has said that while the immediate effect of the devaluation of the naira on exports may be positive, the broader implications of a persistent devaluation are multifaceted

March 12, 2024

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Food inflation

10 Nigerian States With Highest Food Inflation In June 2025

Three States In Nigeria With Highest Food Prices

Pot Of Jollof Rice Now Above ₦25,000 – Report

Nigerian Govt Mulls Zero Interim Import Duty On Selected Food Items

Inflation Pressure Hit Nigerian Business Activity, Dropping to 8-Month Low

High Food, Drug Costs, Push Nigerians Into Healthcare Dilemma

Nigerian Govt’s Suspension Of Taxes On Food Imports Will Stabilise Prices – NACCIMA

Food Inflation Crisis: Nigerian Govt Approves N2trn Package, Suspends Duty On Rice, Wheat, Others

Food Prices Remain Major Contributor To Nigeria’s High Inflation

Implications Of Naira Devaluation Multifaceted, NACCIMA Tells Governors

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