Latest
Food inflation has declined massively – Bayo Onanuga
Bayo Onanuga, Special Adviser on information and strategy to the President has revealed that food inflation in Nigeria has declined massively
He said this in a tweet on August 12, 2024 while reacting to a report by Cable Newspaper that the prices of a basket of tomatoes has dropped from N150,000 to N60,000 amid new harvests
According to the report by TheCable traders in Ketu & Berger markets gave the new prices. A trader at Ketu market said a big basket of tomatoes is currently selling for about N55,000 to N60,000 down from an average of N150,000 a few months ago.
ALSO READ: Customs Implements Duty-Free Importation on Essential Food Items
Additionally, a crate of tomatoes that previously cost N55,000 is now being sold for N30,000. He said a large basket of habanero pepper (rodo) is now selling for an average of N25,000 compared to N55,000 at the peak of the price surge
It is the season. Hausa tomatoes & peppers are already coming out,” the trader said providing reasons for the decline
Another trader in Ketu market said a small basket of tomatoes now costs between N20,000 and N25,000
-
Education1 week agoUniversity of Ibadan releases 2026/2027 post-UTME screening results
-
Football1 week agoUnpaid £185m Club World Cup fund sparks fresh FIFA controversy
-
Football3 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business3 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Featured3 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest2 days agoNFF denies calling for Infantino’s resignation
-
Business1 week agoBreaking: NNPCL reduces pump price of petrol as competition intensifies
-
Business2 days agoNNPC faces fresh scrutiny over oil licensing, production claims, transparency