“On a month-on-month basis, 1kg of local rice increased by 19.69 per cent from the N1,021.79 recorded in January 2024.”
INVESTIGATION: Beautiful infrastructure but poor staffing, lack of drugs hinder PHC services in Borno communitiesEXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalCBN: Empowering Nigerian youths with financial literacy, By Abdulrahman AbdulraheemINVESTIGATION: How Nigerian soldiers killed unarmed civilians in Kaduna community
“On a month-on-month basis, 1kg of boneless beef increased by 10.22 per cent in February from the N3,315.78 recorded in January 2024,’’ the report said. The NBS said the average price of 1kg of onion bulb rose by 103.44 per cent on a year-on-year basis from N450.07 in February 2023 to 915.61 in February 2024.
In addition, the average price of 1kg of yam tuber rose by 131.33 per cent on a year-on-year basis from N436.41 recorded in February 2023 to N1009.56 in February 2024. On state profile analysis, the report showed that in February 2024, the highest average price of 1kg of boneless beef was recorded in Abia at N4,595.69, while the lowest was recorded in Kogi at N2,680.03.
According to the report, Ogun recorded the highest average price of 1kg of white garri at N821.48, while the lowest was reported in Benue at N480.32.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hardship: Nigeria’s food inflation rises to 37.92% in FebruaryNigeria's food inflation increased to 37.92 per cent in February, up from 35.41 per cent in January 2024, amid economic hardship. The National Bureau of Statistics, NBS, disclosed this in its latest consumer price index and inflation report. The figure represents a 2.51 per cent month-on-month increase in food inflation.
Read more »
Nigeria’s foreign portfolio inflows exceeded $1bn in FebruaryThe Central Bank of Nigeria (CBN) has revealed that the country's foreign portfolio inflows exceeded $1 billion in February 2024.
Read more »
February’s Style Icons: Nigeria’s Best Dressed CelebritiesAs February unfolded, the Nigerian entertainment scene shimmered with elegance and flair. Our beloved celebrities graced red carpets, events
Read more »
Nigeria’s crude oil production rose in FebruaryNigeria’s crude oil production rose to 1.476 million barrels per day in February, from 1.429 million bpd recorded in January, an increase of 47,000 barrels, an OPEC survey, which cites secondary data sources, said.
Read more »
Nigeria crude oil production drops to1.32mbpd in FebruaryNigeria's crude oil production dropped for the second consecutive month to 1.32 million barrels per day in February 2024 from 1.42mbpd in the previous month. This was contained in the Organization of Petroleum Exporting Countries, OPEC's recent Monthly Oil Market Report, MOMR.
Read more »
Nigeria's Headline Inflation Reaches All-Time High in FebruaryNigeria's headline inflation for February increased to an all-time high of 31.70 per cent, compared to 29.90 per cent recorded in January 2024, amid rising food prices nationwide.
Read more »