LAGOS SEPTEMBER 11TH (NEWSRANGERS)-President Bola Tinubu has directed the Federal Executive Council (FEC) to take urgent measures to reduce food prices nationwide, with a particular focus on ensuring the safe and unhindered movement of farm produce across transport routes. Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, disclosed this on…
LAGOS JULY 21ST (NEWSRANGERS)-Shoppers and traders in some Lagos markets have expressed frustration that the recent drop in Nigeria’s headline inflation rate has not translated into any relief at the market, as the prices of staple food items remain significantly high. The National Bureau of Statistics (NBS) last week announced that the country’s headline inflation…
LAGOS MARCH 21ST (NEWSRANGERS)-Some residents of Lagos State have claimed that the food items being sold at the discounted market recently launched by the state government are actually expensive in comparison to the actual market prices. Recall that Lagos State Governor, Babajide Sanwo-Olu had earlier stated that the “Ounje Eko” food markets would sell food…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-Nigeria’s inflation rate jumped to 27.33% in October 2023 as prices of food stuffs continue to increase in the aftermath of the removal of fuel subsidy by the President Bola Tinubu administration. This was according to the October 2023 Consumer Price Index (CPI) and Inflation Report released by the National Bureau of…
LAGOS NVEMBER 19TH (NEWSRANGERS)-Nigeria’s Inflation Rate Rose To 17-month high in October as food prices surged. Consumer prices rose 11.6% from a year earlier compared with 11.2% in September, the Abuja-based National Bureau of Statistics said in a report published on its Twitter account Monday. That is the highest rate since May 2018 and exceeded…