Commodity prices are the bedrock of global economies, influencing everything from food security to industrial production. Fluctuations in these prices can ripple through supply...
Nigeria's economy faced a turbulent first half in 2024, grappling with persistent inflation fueled by soaring food prices, rising energy costs, and a depreciating...
Questions answered in this article:
- How has the removal of fuel subsidies by President Tinubu significantly contributed to more hardship in Nigeria?
- What effort is...
In Nigeria, the agricultural sector, particularly crop production, plays a significant role in the country's GDP, with potential for growth through infrastructure investment and technological advancements.
Nigeria has seen a decrease in both import and export values due to factors like currency devaluation, lower demand for goods, and global price fluctuations.
Nigeria's food inflation in August 2023 increased by 3.87% and 6.22%, MoM and YoY, respectively. It is attributed to rising prices driven by disruptions in global supply chains, currency devaluation, and climate change impacts.
Summary: Maize prices in Nigeria has surged in 2023 due to failure to meet rising demand because of production problems, limited imports, climate change,...
