BusinessDay
Nigeria's leading finance and market intelligence news report.

Rising food prices signal bleak Christmas for Nigerians

…inflationary pressure takes toll on consumer spending …traders lament low sales

From vegetables to rice and other key staple foods, rising prices across major cities in Nigeria are choking consumers, signalling what may be one of the bleakest Christmas celebrations in recent years. Prices of all food items have soared by more than 20 percent in recent months, and consumer goods analysts blame this on the…



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