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Tag: food prices

Rising food prices threaten inflation gains, CPPE warns
Food

Rice, beans cheaper as oil, processed foods rise

Food prices showed mixed trends across major Nigerian markets in January, offering some relief for households through lower prices of staple grains such as rice and beans, even as rising costs of cooking oils and processed foods continued to strain food budgets. A comparison of prices between December 2025 and early January 2026 indicates improved […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Economy

Nigerian families spent less in 2024 over price hike – Report

Household consumption in Nigeria contracted sharply in real terms in 2024 as surging prices eroded the purchasing power of millions of families, according to provisional data contained in the Central Bank of Nigeria’s latest statistical bulletin. Figures on Gross Domestic Product by expenditure showed that household final consumption expenditure at 2010 constant purchasers’ prices declined […]

Rising food prices threaten inflation gains, CPPE warns
featured Food

Prices of food items dropped in September, says NBS

The National Bureau of Statistics says prices of beans, garri, maize, tomatoes, beef, rice, and other food items witnessed a slight decrease in price in September 2025. The NBS said this in its Selected Food Prices Watch report for September 2025, released in Abuja on Tuesday. The report said that the average price of 1 […]

Farmers lament as food prices soar
Business

Farmers lament as food prices soar

Nigerian farmers claim that despite massive investments made in the agriculture industry, the cost of goods and food continues to rise. According to The Punch, farmers from various regions of the country also attributed the failure of the government’s agricultural intervention schemes to the absence of key sector stakeholders’ input throughout the plan development process. […]

Economy

Nigeria, others face severe food crisis amid Ukraine war – Report

Nigeria and 44 other countries around the world are severely exposed to the Ukraine war-induced food crisis, a study by Boston Consulting Group, a global management consulting firm, has shown. BCG, in a report titled, ‘The war in Ukraine and the rush to feed the world’, said it explored in detail, the multiple direct and […]

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