Food Crisis: U.S Gives Nigeria N23.7bn Emergency Funds

***As Russia Blames West for ‘So-Called Food Crisis’ Tayo Olanipekun The U.S. will invest N23.7bn in food security relief for Nigerians in the face of soaring food and commodity prices in Africa’s largest economy. Subject to the U.S. Congress approval, the $55m aid is expected to help immediately address the economic, food and nutrition needs of […]

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Coronavirus: Nigerian Foods Vanish From US Stores As Panic Buying Continues

Nigerians living in the US may experience tougher days ahead as most shops are running out of supplies of favourite African food stuffs. Nigerian staple foods including garri, yams, ogbono, pepper, smoked fish and other condiments are fast getting exhausted without further supplies from home as a result of measures put in place to prevent […]

Inflation rate drops but food prices hit highest level in 8 years

Data released by the National Bureau of Statistics (NBS) show that consumer price index (CPI), which mesasures rate of inflation, dropped for the sixth consecutive month — although by a smaller margin. According to the NBS, inflation rate dropped to 16.05% from 16.1% in June, but food index soared to 20.28 percent. “The consumer price […]