Tag: Inflation
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Rising Soybean and Maize Prices Put Pressure on the Local Poultry Sector
According to farmers, the Nigerian poultry business is suffering due to record prices for maize and soybeans, which is leading to a significant loss...
Fears Over Inflation and the Naira as the Money Supply Reach N99.23 Trillion
The money supply (M3) reached a record high of N99.23 trillion in May 2024, and given banks' predicted capitalization, it is anticipated to soar...
Okomu Oil and Presco report a 94% increase in profits in Q1 2024 despite rising inflation
Amidst economic fluctuations, the total earnings of two prominent agricultural companies listed on the stock exchange, Presco Plc and Okomu Oil Palm Company Plc,...
Families Lament as Food Costs Rise in Anticipation of New Minimum Wage
In the most populated country in Africa, the cost of staple commodities has been rising sharply lately, depleting people's monthly cash.
This occurs at a...
Rising inflation fuels a quarterly sales spike for food and beverage makers
Despite growing inflationary pressures, the total sales of six listed food and beverage manufacturers in Nigeria increased by 73.4 percent in the first three...
