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Meal For Learning (3): Traders Struggle To Stock Their Shops As Prices Go Up
For Twentyten Daily, Taiwo Babatunde visited market places around tertiary institutions and spoke to traders on the increase in food prices and how it is affecting the growth of their businesses Ugwu Jullieth is a trader at Oye market in Ekiti where she sells rice, beans and other food items. This market is just 50…
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Breakdown: How Food Prices Rose In June
The National Bureau of Statistics has said that the prices of food rose in June, 2021. This was according to the Executive Summary of the “Selected Food Price Watch” report released by the bureau. Recall that the bureau had reported earlier that Nigeria’s inflation rate fell by a slight 0.18 percent – from 17.93 percent…
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Food Prices Drop After 21 Months Consecutive Increase
According to the National Bureau of Statistics, the composite food index rose to 22.72 percent in April 2021 compared to 22.95 percent recorded in March of the same year. The report contained in the NBS’s Consumer Price Index added that on month-on-month basis, the food sub-index increased by 0.99 per cent in April, down by…
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Nigeria Battles Rise In Food Price As Inflation Hit A 4-Year High
In March alone, inflation in Nigeria hit a 4-year high by more than 18 percent, while food prices are up by almost 23 percent. Africa’s largest economy is currently struggling with a number of challenges like the fall in the price of oil, naira exchange rate depreciation, foreign exchange liquidity shortages, impacts of climate change…