President Muhammadu Buhari has decried the hike in prices for rams and other items in the market, saying the development was not consistent with the virtues of Islam. In his message marking the occasion of Eid El-Adha being celebrated across the world, Buhari appealed to Muslims "to demonstrate the good virtues of Islam through personal…

Reducing cost and maintaining a reasonable level of profitability requires creativity, research, and development of new products, raw material, and import substitution on the part of industrialists.

The Catholic Archbishop of Abuja, Ignatius Kaigama, has called on political leaders to show concern and take proactive measures to save Nigerians from starvation.

Food and agricultural scientists, as well as stakeholders in the agro-industrial sectors have suggested construction of food storage facilities at every local government and state...

As kidnapping for ransoms and killing of farmers escalate countrywide, high cost of ensuring security of life and property on most farms has pushed up cost of production and food inflation in the country amid other production constraints.

Nigeria’s inflation rate has climbed to a 34-month high, rising to 17.33% in February from 16.47% in January 2021, the latest figures published by the National Bureau of Statistics (NBS) have shown. The report published on the website of the bureau shows that food inflation rose to 21.79% in February from 20.57% in January, while…

Nigeria’s inflation rate has climbed to a 33-month high, as it rose further to 16.47% in January 2021 from 15.75% in December 2020, the latest figures published by the National Bureau of Statistics (NBS) have shown. The report published on the website of the bureau shows that food inflation rose to 20.57% in January 2021…

Nigeria’s inflation rate has climbed to a 31-month high, as it rose further to 14.89 per cent in November, the latest figures by the National Bureau of Statistics (NBS) has shown. The report published on the website of the bureau shows that the new inflation rate is 0.66 percent points higher than the rate recorded…

Disposable income of many Nigerian households has continued to come under pressure, with many spending more on food following continued rise in food inflation, and the consumer price index (CPI).

While the impact of border closure may appear to be waning, festive-induced demand took a toll on food prices, as the consumer price index, (CPI) which measures inflation increased by 11.85 percent (year-on-year) in November2019.

With staple harvests due next month as a result of improved rains in the North-East region of the country, latest report by Renaissance Capital has reflected optimism of improved food prices that will ease headline inflation from last quarter of 2017.