The Federal Government  says it has successfully initiated the sale of crude to local refineries as well as corresponding purchase of petroleum products in Naira in a bid to reduce pressure on the local currency, eliminate unnecessary transaction costs, and improve availability of petroleum products. Minister
Nigeria’s headline inflation increased year-on-year (YoY) by 0.98 percent to 29.9 percent in January 2024 from 28.92 percent in December 2023. The National Bureau of Statistics NBS in its latest data release disclosed that food inflation also increased to 35.41 percent in January
President Bola Tinubu says his administration is evolving home-grown solutions to address the nation’s food security challenges by setting up schemes to support local production and discourage all forms of rent-seeking that are associated with food importation. The President made
An escalation of the latest conflict in the Middle East—which comes on top of disruptions caused by the Russian invasion of Ukraine—could push global commodity markets into uncharted waters, although the global economy is in a much better position than
Selected food prices have this week recorded declines in markets across the country; these are mostly produce that are being harvested. However, Abuja markets are relatively stable w-o-w. While beans got as high as 80,000 Naira in Donga market Taraba
Food prices across markets in northern Nigeria have continued to decline as farmers increase harvests. New maize is in most markets, hence the drop in prices. For instance, maize sold this week in Kujama market, Kaduna state at 28,500 Naira
Although prices remained stable across markets in the nation’s capital, we observed a downward shift in markets in the North East. For instance, prices in Tor Damisa market declined remarkably with a bag of rice going for N45,000, it was
In a renewed onslaught against promoters of Ponzi schemes, the Securities and Exchange Commission (SEC), have sealed the premises of Stockmatch Investments Ltd in Maiduguri, Borno State for allegedly engaging in illegal investment activities. According to the commission, the office
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