LAGOS MARCH 10TH (NEWSRANGERS)-Nigerian families are grappling with the harsh realities of soaring prices of staple foods, exacerbating the economic hardships faced by households. Despite various interventions by the Federal Government, the cost of essential food items like rice, beans, eggs, tomatoes, and peppers has witnessed a significant surge. The surge in food prices is…
LAGOS AUGUST 7TH (NEWSRANGERS)-Oil prices surged on Monday to the highest level in months after Saudi Arabia extended production cuts for another month, threatening to keep inflation in the U.S. abnormally high. West Texas Intermediate crude, the U.S. benchmark, hovered around $82 a barrel during afternoon trading, the highest level since mid-April, when prices rose…
LAGOS MAY 10TH (NEWSRANGERS)-The price of local rice, palm oil, brown beans, and bread amongst other staple food items surged across Lagos Markets. This is according to the recent food market survey carried out by Nairalytics, the research arm of Nairametrics. The recent food price increase is despite the reopening of four more land borders…
LAGOS JULY 14TH (NEWSRANGERS)-The number of daily new COVID-19 infections has shot up almost 50 percent in the United States amid the spread of the highly contagious Delta variant — with rises even recorded in states with high vaccination rates, data shows. The US on Tuesday recorded an average of 19,455 new cases per day over the…
LAGOS SEPTEMBER 4TH (NEWSRANGERS)-France’s education minister on Friday said 22 schools have had to shut on French territory due to the coronavirus since pupils returned to school this week, emphasising that over half of these were in the Indian Ocean island of La Reunion. Education Minister Jean-Michel Blanquer told Europe 1 radio that he was…
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…
