Eko Hot Blog reports that Nigeria’s inflation rate increased to 25.80% in August 2023 relative to the July 2023 headline inflation rate which was 24.08%. The August 2023 headline inflation rate shows an increase of 1.72% points when compared to the July 2023 headline inflation rate. EDITOR’S PICKS Here Are Alternative Routes As Third Mainland … Read more
The NBS has released the CPI and Inflation Report for March 2023. The CPI measures the average change over time in the prices of goods and services consumed by people for day-to-day living. The February headline inflation rate was 21.91%. Eko Hot Blog reports that Nigeria’s headline inflation rate rose to 22.04% in March 2023. … Read more
Bread is a globally accepted food that is loved by both young and old people. Everyone loves bread and tea for breakfast as it is not only very easy to make, but it is also a delicious and light early morning meal. However, medical experts have cautioned people on the intake of white refined bread … Read more
Bread producers threaten strike over bakery materials’ price hike ..NAFDAC, SON, NESREA have turned the bakers into money making machine EDITOR’S PICK: BREAKING: Buhari Nominates New RMAFC Chairman Senate Raises Alarm Over Terrorists Invasion In Kwara, Others JUST IN: NPC Launches 2023 Population And Housing Census Call Centre EKO HOT BLOG reports that due to … Read more
A five percent increase in the price of bread has been effected in Kwara State, the state Association of Master Bakers and Caterers of Nigeria (AMBC) says. The decision followed the suspension of the strike embarked upon by the body over the high cost of production and shortage of flour in the country. EkoHotBlog reports … Read more
“I started with about N21,000 and now make about N400,000 a month. The boom in my business began when I started supplying bread to bandits. A syndicate allegedly supplying drugs, bread and other food items to bandits operating in Zaria, Kaduna State and its environs has been smashed by operatives of the FIB Intelligence Response … Read more
“The incessant increase of prices of flour and other baking materials is responsible for the decision,” Consumers will now pay more to buy bread and biscuits as prices skyrocket by 30%, the Association of Master Bakers and Caterers of Nigeria (AMBCN) has said. The increment in prices, the association said, became imperative to cushion the … Read more
The Kogi state government on Thursday announced the introduction of levy on every loaf of bread baked in the state. The state ministry of commerce and industry cited need for the need to grow the state internally generated revenue as reason for the decision. Reacting to the development, the state chapter of the Association of … Read more
Speaker of the Lagos State House Of Assembly, Mudashiru Ajayi Obasa has come under intense criticisms for his poor palliative program to his Agege constituents. Obasa had distributed four loaves of bread to each building to cushion the hardship they might be having because of the partial lock down in the State In a viral … Read more