• Latest
  • Trending
  • All
Food prices keep increasing despite Naira’s appreciation

Food prices keep increasing despite Naira’s appreciation

April 20, 2024
Police Arrest Driver for Allegedly Killing Former Employer in Lagos

Police Arrest Driver for Allegedly Killing Former Employer in Lagos

July 8, 2025
Man burnt with hot oil over alleged theft in Lagos market

Man burnt with hot oil over alleged theft in Lagos market

July 8, 2025
NLC Vows Strict Enforcement of N70,000 Minimum Wage, Targets Informal Sector Employers

NLC Vows Strict Enforcement of N70,000 Minimum Wage, Targets Informal Sector Employers

July 8, 2025
UNN Student Killed by Fellow Student Over Dispute on ₦15,000 Extra Payment for Sex

UNN Student Killed by Fellow Student Over Dispute on ₦15,000 Extra Payment for Sex

July 8, 2025
ASUU Branches Suspend Lectures Nationwide Over Delayed June Salaries

ASUU Branches Suspend Lectures Nationwide Over Delayed June Salaries

July 8, 2025
Rashidi Ladoja Set to Succeed Oba Olakulehin as Next Olubadan

Rashidi Ladoja Set to Succeed Oba Olakulehin as Next Olubadan

July 7, 2025
Don Richard Opens Up on Mysterious Illness After Quitting Smoking and Drinking

Don Richard Opens Up on Mysterious Illness After Quitting Smoking and Drinking

July 7, 2025
Olubadan of Ibadanland, Oba Owolabi Olakulehin, Dies at 90

Olubadan of Ibadanland, Oba Owolabi Olakulehin, Dies at 90

July 7, 2025
I vomited blood for 7 months – Nollywood actor Ogogo breaks silence on his painful health battle

I vomited blood for 7 months – Nollywood actor Ogogo breaks silence on his painful health battle

July 7, 2025
Oyo Government Issues Land Allocation to Cashew Merchants

Oyo Government Issues Land Allocation to Cashew Merchants

July 6, 2025
Osun Cleric Arrested for Allegedly Raping 8-Year-Old Girl

Osun Cleric Arrested for Allegedly Raping 8-Year-Old Girl

July 6, 2025
10 Dead, 3 Injured in Late-Night Crash on Ijebu-Ode–Ibadan Expressway

10 Dead, 3 Injured in Late-Night Crash on Ijebu-Ode–Ibadan Expressway

July 6, 2025
Wednesday, July 9, 2025
DriveTv News
  • METRO
  • LATEST
  • NEWS
  • POLITICS
  • ENTERTAINMENT
  • BUSINESS
  • DRIVETV YORUBA
  • SPORTS
No Result
View All Result
DriveTv News
No Result
View All Result
Home LATEST

Food prices keep increasing despite Naira’s appreciation

by admin
April 20, 2024
in LATEST, METRO, NEWS
0 0
0
Food prices keep increasing despite Naira’s appreciation
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Despite the recent Naira appreciation against the dollar, reaching N1000, Nigerians are still experiencing high food prices.

Despite hopes that the strengthened Naira would reduce economic hardship, essential food items continue to become more expensive, diminishing the purchasing power of the Nigerian populace.

Factors such as supply chain disruptions, transportation costs, and market speculation contribute to the persistent rise in food prices, as reported by a recent survey conducted at Apata market in Ibadan.

For instance, a bag of beans that was N68,000 three weeks ago now sells for N80,000, while vegetable oil prices have surged despite the Naira appreciation.

Moreover, ongoing insecurity in certain regions has further worsened the situation, disrupting agricultural activities and distribution networks.

This escalation in food prices has severely impacted lower-income families, raising concerns about food insecurity and malnutrition.

As the situation intensifies, urgent government intervention is needed to alleviate the hardships faced by the masses.

Tags: DrivetvnewsFood PricesInflationNaira AppreciationNigeriaSupply Chain DisruptionsTransportation Costs
ShareTweetPin
admin

admin

LATEST

Police Arrest Driver for Allegedly Killing Former Employer in Lagos

July 8, 2025
LATEST

Man burnt with hot oil over alleged theft in Lagos market

July 8, 2025
BUSINESS

NLC Vows Strict Enforcement of N70,000 Minimum Wage, Targets Informal Sector Employers

July 8, 2025
LATEST

UNN Student Killed by Fellow Student Over Dispute on ₦15,000 Extra Payment for Sex

July 8, 2025

Categories

  • BUSINESS
  • ENTERTAINMENT
  • LATEST
  • METRO
  • NEWS
  • POLITICS
  • Uncategorized

Recent Comments

    About Us

    Welcome to DriveTv News, your No.1 news vehicle that drives you around with the latest and most comprehensive news and updates from across Nigeria. Our platform is dedicated to delivering timely, accurate, and unbiased news, covering a wide range of topics, including politics, business, entertainment, sports, technology, and more.

    Newsletter

    • Home
    • About Us
    • Contact Us
    • Privacy Policy

    Copyright © 2023. DriveTv News. All

    No Result
    View All Result
    • METRO
    • LATEST
    • NEWS
    • POLITICS
    • ENTERTAINMENT
    • BUSINESS
    • DRIVETV YORUBA
    • SPORTS

    Copyright © 2023. DriveTv News. All

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In