LAGOS MAY 30TH (NEWSRANGERS)-Prices of essential food items in Nigeria surged significantly in April 2024 compared to the same period last year, according to the latest Selected Food Price Watch report from the National Bureau of Statistics (NBS). The report revealed a concerning rise in the cost of staple foods across the board. Here’s a…
LAGOS MAY 26TH (NEWSRANGERS)-Financial experts have blamed President Bola Ahmed Tinubu’s administration’s twin policies of fuel subsidy removal and naira devaluation for the rise in food prices. The prices of rice, garri, beans, and yam surged astronomically by over 130 per cent in April 2024 on a year-on-year basis, worsening Nigeria’s economic misery. The National…
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 JANUARY 28TH (NEWSRANGERS)-The UK government will eliminate tariffs on more than 3,000 products it imports from Nigeria in a bid to boost trade with Africa’s largest economy. Nigerian exporters of cocoa, cotton, plantain, flowers, fertilizers, tomatoes, frozen shrimp and sesame seed are among those that will benefit from the new tariff regime outlined in…
LAGOS JANUARY 31ST (NEWSRANGERS)-The prices of locally-made rice have trickled down across major markets in Lagos State on the back of sustained reduction in the price of foreign-made rice as other major food items such as; tomatoes, onions, pepper, and potatoes record further decline in price. This is according to the latest market survey, carried…
LAGOS JANUARY 16TH (NEWSRANGERS)-It appears Nigerians are in for good times in the new year, as the price of bags of local and foreign rice, onions, pepper, tomatoes, amongst others recorded a significant drop in price. This is according to the latest market survey, carried out by Nairalytics Research – the research arm of Nairametrics….
LAGOS NOVEMBER 27TH (NEWSRANGERS)-As the Yuletide season approaches, more smuggled items — mainly foreign parboiled rice, tomato paste, frozen chicken and cars — are still being smuggled into the country in large scale, closure of Nigerian borders notwithstanding. Investigations by The Guardian revealed that tonnes of foreign rice flooded Nigerian markets, after the EndSARS unrest…
LAGOS APRIL 14TH (NEWSRANGERS)-As the Lockdown over Coronavirus persists, a food vendor who was on his way to supply food items to some market women, was attacked by some hoodlums along Airport road, Ajao Estate, Lagos on Sunday April 12th. A video making the rounds on social media, shows the vehicle after it was attacked by the hoodlums…