ASHENEWS reports that smallholder business women and men in Sokoto state have revealed that several households are currently grappling with the daily increase of essential food items, a situation that has plunged countless households into a financial and dietary crisis.
Browsing: inflation
ASHENEWS reports that the Central Bank of Nigeria (CBN), Governor, Olayemi Cardoso, has described his job as world’s second most difficult.
Insecurity and inflation, among other hurdles, may delay Nigeria’s progress towards achieving the 17 Sustainable Development Goals (SDGs), according to…
Nigerians are facing dire health consequences as the cost of essential medication surges, making it unaffordable for many. This article explores the impact of inflated drug prices on access to healthcare and the challenges faced by community pharmacies.
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 28.92 percent in December 2023.
The Federal Government and Kebbi state have taken steps to boost food production and reduce food inflation to ensure food security in the country.
Some financial experts have urged the Federal Government to allocate more foreign exchange into the financial system to address illiquidity and tackle food insecurity challenges due to rising inflation.
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability.
Some financial experts have urged the Federal Government to adopt stable macro economic policies that would stimualte the growth of more domestic production.
The Lagos Chamber of Commerce and Industry (LCCI) says it is anticipating that businesses will implement a variety of cost reduction strategies to lower operating expenses and maintain profitability amidst inflationary pressures.