The average prices of 11 key staple food items in Nigeria saw a noticeable decline compared to the previous month. This is according to the National Bureau of Statistics (NBS) food price report for August 2024. The report highlights the month-on-month (MoM) percentage changes in the average prices of these staples, suggesting a temporary easing
The headline inflation rate in August 2024 stood at 32.15%, marking a slight decrease of 1.25%-points from 33.40% in July 2024, according to the National Bureau of Statistics (NBS). Despite this reduction on a month-to-month basis, when compared year-on-year, the August 2024 headline inflation rate increased by 6.35%-points from the 25.80% recorded in August 2023,
Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has stated that the country is focusing on exporting “finished products” to China and other parts of the world. This was disclosed in a video uploaded on his official X page on September 6, 2024, amid President Bola Tinubu’s state visit to China and his participation in the