Food Prices Rose In July – NBS     There was a general rise in selected food prices in July. The National Bureau of Statistics disclosed on Thursday in its report on ‘Selected food prices watch’ for the month of July. Part of the report stated that, “Selected food...

‘Food Import Forex Ban Not Beneficial To Masses’   Economic and public policy analysts have said the foreign exchange restriction on food imports is not beneficial to the masses. These experts, while speaking at the fourth edition of the regulatory conversation, themed ‘Foreign exchange restrictions on food...

Nigeria Risks Food Crisis, Says Group   Fresh indications have shown that food crisis is imminent in Nigeria if the country fails to deploy innovation and technology into its food industry to boost productivity and sufficiency. Some food safety experts who raised the alarm listed the country’s...

Nigeria Loses N1.3trn Annually As Food Preservation Facility Wastes Away Nigeria has been losing about N1.3 trillion annually due to the inability to exploit the Gamma Irradiation Facility (GIF) at the Nuclear Technology Centre (NTC), Sheda Science and Technology Complex (SHESTCO) in Abuja, Dr. Abduljhalil...

Farmers/Herders: CBN Warns Over Food Prices   The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called on the Federal Government to address the crisis between farmers and herders, warning that if left unchecked, it would exert inflationary pressure on the economy. The committee...

Following the persistent shortage in fuel supply and the harsh economic climate, there has been an average of 50 per cent hike in the prices of consumer goods and buyers are complaining bitterly. In some Lagos markets visited by our correspondent, including Oyingbo, Iddo, Mile...