Rice Price Crash in Lagos Markets Leaves Traders Counting Losses
Across major Lagos markets — from Mile 12 to Daleko and Oke-Arin — the aroma of rice has turned sour for traders. A 50kg bag......
Food Prices
Farmers Clash With FG Over Food Price Drop, Say Import Waivers Crippling Local Markets
Nigeria’s farmers have accused the Federal Government of destroying rural markets through indiscriminate import waivers, arguing that the recent fall in food prices masks widespread economic dislocation. The Ministry of Agriculture insists its policies are easing inflation, but producers say they face collapsing incomes, unsold produce, and worsening debt across grain and vegetable belts....
Rewane Projects 18% Inflation by November, Warns Fiscal Risks Amid Oil Price Decline
Leading economist Bismarck Rewane has predicted a drop in Nigeria’s inflation rate to 18% by November, citing authentic growth in GDP and stabilising FX rates. He, however, warned that falling oil prices and a bloated cost of governance could widen fiscal deficits unless spending and debt service obligations are urgently curtailed....
📢 Chimamanda Adichie: ‘Nigeria’s Middle Class Now Begs to Survive’
Renowned author Chimamanda Adichie has warned that Nigeria’s worsening economy has pushed even the middle class into poverty, calling for political accountability....