Posts Tagged: #NairaDevaluation
Nigerians borrow N3.9tn as economic crisis bites harder
Amid rising living costs, Nigerians obtained N3.82tn in credit from banks by January 2024, driven by heightened inflation. Personal loans, comprising 79.2% of consumer credit, rose by 14.3%. Total sectoral credit increased to N57.76bn, benefiting
Food price hike worries operators amid N1.25tn agric budget
Farmers and stakeholders criticize Nigeria’s federal agriculture budget, over N1.25tn in three years, for failing to curb rising food prices despite availability. The All Farmers Association of Nigeria links high costs to naira devaluation, stressing
Why Beans Price Bloated In Nigeria – CFAN
The recent surge in bean prices in Nigeria, reaching over N200,000 per 100kg bag, has raised concerns among consumers and farmers. The Cowpea Farmers Association of Nigeria (CFAN) attributes this to decreased production due to
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