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Tag: Food

Foods

Global food waste costs $1trn annually — UN

Despite 783 million people worldwide facing hunger, about 1.05 billion tonnes or nearly 19 per cent of all food available to consumers is wasted each year globally, according to the 2024 Food Waste Index Report by the United Nations. The report estimates that food waste costs the global economy about $1 trillion annually. These losses […]

featured Food

Abuja residents hail FG as food prices crash

Some Abuja residents have commended the Federal Government’s intervention to reduce food prices, saying the crashing prices of food items have brought relief to residents of Abuja and other Nigerians across the country. The residents gave the commendation in separate interviews with the News Agency of Nigeria in Abuja on Tuesday. Mrs Vivian Uche, a […]

featured Scams

Lagos supermarkets accused of selling expired food as promos

Some supermarkets in Lagos are allegedly selling expired food items disguised as promotional offers, raising health concerns among consumers. Shoppers report being misled by discount tags, only to discover that the products had expired weeks earlier. In one case, Daniel Olanrewaju bought a bottle of ketchup from a promo shelf in Ikeja, only for his […]

Chowdeck acquires POS restaurant startup Mira
News

Chowdeck acquires POS restaurant startup Mira

Nigerian on-demand delivery startup Chowdeck has acquired Mira, a one-year-old restaurant point-of-sale and management platform, in a strategic move to expand beyond logistics and into the operational backbone of food businesses. Though financial details of the deal remain undisclosed, Chowdeck CEO Femi Aluko said the acquisition will directly address long-standing gaps in inventory management — […]

Food startup Vendease moves to performance-based pay salary system
News

Food startup Vendease moves to performance-based pay salary system

Nigerian food procurement startup Vendease has overhauled its salary structure from traditional to performance -based after two layoffs in five months. The Y Combinator-backed company, which laid off 44% of its workforce—approximately 120 employees—last month in its second round of job cuts in five months, transitioned to a performance-based salary model, and replaced traditional pay […]

Top 10 most expensive foods in Nigeria for October 2024
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Top 10 most expensive foods in Nigeria for October 2024

In October 2024, Nigeria’s headline inflation rate rose to 33.88%, up from 32.7% in September, marking a 1.18 percentage point increase. According to the National Bureau of Statistics Consumer Price Index report, the rise in inflation can be largely attributed to increased transportation costs and higher food prices. This represents a significant economic challenge, as […]

N40,000 rice initiative targets public servants, others to follow
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N40,000 rice initiative targets public servants, others to follow

The Federal Government has introduced a new initiative aimed at easing the burden on citizens. This program, which involves the sale of 50 kg bags of rice at a reduced price of N40,000, represents a strategic effort to combat the rampant food inflation affecting the country. The initiative is designed to prioritize public servants in […]

Healthy diet cost surges 32% in five months — NBS
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Healthy diet cost surges 32% in five months — NBS

In the face of a persistent rise in inflation, it has been proven that the cost of a Healthy Diet (CoHD) increased by 32% to N1,041 per adult per day in May 2024 from N786 in December 2023. This was disclosed by the National Bureau of Statistics yesterday in its CoHD report for May 2024, […]

32m Nigerians to face severe hunger - Report
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32m Nigerians to face severe hunger – Report

The International Rescue Committee and its partners have released a report indicating that approximately 16% of Nigerians will experience severe food insecurity or hunger between June and August 2024. Compared to the previous year, this figure reflects a worsening situation, not only in Nigeria but also across West and Central Africa. The report highlights that […]

Global diary prices drop as food prices rise in April-FAO
News

Global diary prices drop as food prices rise in April-FAO

The global benchmark for food commodity prices witnessed an upward trend in April, and this driven by increases in meat prices, vegetable oils, and cereals, according to the Food and Agriculture Organization of the United Nations. The FAO Food Price Index, which monitors monthly shifts in the international prices of key globally traded food items, […]

10 Nigerian states with cheapest healthy diets
featured News

10 Nigerian states with cheapest healthy diets

As the cost of living continues to rise, access to affordable and nutritious food remains a pressing concern for households across Nigeria. The Cost of a Healthy Diet (CoHD) serves as a crucial measure in assessing the economic and physical accessibility of nutritious food options. According to data compiled by the National Bureau of Statistics […]

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