World Food Program Temporarily Halts Local Food Purchases in Nigeria Awaiting Price Stabilization. The United Nations World Food Program (WFP) has announced a strategic pause in its procurement of local food supplies in Nigeria, citing the need for market stabilization before resuming purchases. This decision comes after a detailed review of food price trends … Read more
Federal High Court Orders Swift Fixing of Prices for Goods and Petroleum Products. A landmark ruling by the Federal High Court in Ikoyi, Lagos has directed the federal government to promptly establish price regulations for goods and petroleum products within a seven-day period. Justice Ambose Lewis-Allagoa issued the directive on Wednesday, February 7, as … Read more
World Bank Report: Global Food Prices Remain High – Key Insights and Solutions. The most recent Food Security Update report by the World Bank, unveiled on Tuesday, underscores the persistent high inflation in food prices globally, spanning low, middle, and high-income nations, as per available data. The report reveals that in 63.2% of low-income … Read more