•Foodstuffs market in Nigeria Nigeria’s annual food inflation rate reversed a six-month downward trend, rising to 12.2 per cent in February, from 8.89 per cent in January, driven by prices of beans, yam flour, cassava tuber, crayfish and other items. Similarly, the monthly food inflation rate reversed a two-month downward trend and rose to 4.6...
•Jollof Rice The rising food inflation rate has increased the average cost of cooking a pot of jollof rice in Nigeria from N20,274 in June to N21,300 in September, reflecting a 5.1% increase. A report tagged ‘Crisis On The Menu: The SBM Jollof Index Q3, 2024′, said the prices of key ingredients such as tomatoes […]

