Nigeria’s inflation rate rose to 34.80% in December 2024, slightly up from 34.60% in November, according to the latest National Bureau of Statistics (NBS) report. This surge is attributed to increased demand for goods and services during the holiday season, marking a 5.87% year-on-year rise from 28.92% in December 2023. This is the last inflation […]
Massive Food Supply Boost as Nigeria Imports Rice Under Duty-Free Policy Nigeria has received a significant shipment of brown rice aimed at reducing soaring food costs affecting consumers. A 32,000-ton consignment, the first of its kind in a decade, recently arrived in Lagos. This delivery, facilitated by logistics company DUCAT, originated from Thailand and was […]
