$type=ticker$count=12$cols=4$cate=0

Foodstuffs: Nigerians face price surge amidst CBN plan to redesign Naira

Nigerians have reacted to the increasing price of foodstuffs amidst the Central Bank of Nigeria, CBN, plans to redesign Naira notes. A m...


Nigerians have reacted to the increasing price of foodstuffs amidst the Central Bank of Nigeria, CBN, plans to redesign Naira notes.


A market survey conducted by Daily Post shows that the price increase is evident in all classes of foodstuffs in markets.


Speaking with some of the food traders and consumers in Gujungu, Shiwarin, and Ringim markets, they said the price increase is largely triggered by the flood disaster across the country and the CBN plans to redesign Naira notes.


They said that the prices of food items skyrocketed within a few days.


The Governor of the CBN, Godwin Emefiele recently announced plans to redesign and release new Naira notes by 15th December, 2022.


The CBN said the aim is to control currency in circulation, curb counterfeit currency, and ransom payments to kidnappers and terrorists.


Some of the foodstuffs dealers said they have experienced a shortage of food items due to higher demand, which also led to price increments.


“A bag of Millet which was sold at N22,000 is now sold at N27,000, and a bag of maize which was sold at N17,000 is now sold at N22,000.


“A bag of Soya beans which sold at N24,000 is now sold at N34,000,” they lamented.


The concerned traders said the recent price hike may not be unconnected with CBN’s plan to change Naira notes, noting that those who don’t want to take their money to bank, troop into markets and purchase the foodstuffs in bulk.


“Most of those who cannot take their money to banks out of fear are now using the money to buy and hoard foodstuffs,” a trader stated.



from Latest Nigeria News. Nigerian News. Your online Nigerian Newspaper. https://ift.tt/wRMaIAr
via gqrds

COMMENTS

BLOGGER

/fa-clock-o/ WEEK TRENDING$type=list

Name

#bbnaija,2,2019,1,2019 elections,3,2face idibia,7,About Us,1,accident,21,Action,1,Adeboye,1,Africa,21,africa news,37,Africam News,1,African Beauty,12,African history,1,african news,5,African Students,2,africatourism,1,Agriculture,17,Almajiri,1,ambode,24,Android,3,Animals,1,anthony joshua,3,APC,30,Apostle Johnson Suleiman,7,Apostle Suleiman,1,Apple,1,Arsenal FC,3,Art,1,article,7,Articles,1,Arts and Culture,4,Assurance Davido,1,ASUU,7,autos,1,Award,31,Ayo Fayose,4,Ayodele Fayose,1,bangladesh,1,barcelona fc,14,basketball,1,bb naija,1,bbcyoruba,1,BBnaija,41,BEAUTY,24,bet awards,1,Beuty,1,beyonce mass,1,biafra,28,Bitcoin,1,Black Panther,3,Blackberry updates,3,Blackpanther,1,blog,2,Blogger,53,Bloggers Hit,22,Blogging,1,bobrisky,1,Boko Haram,86,Boko Haram Crisis,32,Boko-haram,19,Boko-Haran,1,BOKOHARAM,8,Bolo Haram Crisis,5,Bovi,1,boxer,6,boxing,1,Brain Teazer,1,Breaking,134,Breaking News,1619,Breakinh,1,Brealing,1,BREXIT,2,Bruno Mars,1,budget,8,Buhari,196,Buratai,1,bursaries,2,BUSINESS,171,Business Breaking,1,CAC church,1,Calabar,1,cambridge exams,3,CAN,2,Cancet,1,career,4,Cars,1,Ceelebrities,1,Celebrities,636,Celebrity,11,Celebs,10,Celerities,8,chamions league,8,champion's league,28,Champions league,2,Champions' League,1,CHEATS,27,chelsea fc,85,chemistry,1,chibok girls,3,Chioma,1,christiano Ronaldo,43,Comedy,10,Commonwealth,2,Corruption,5,Court,1,Crime,108,Crisis,134,Crisis in Nigeria,57,Culture,1,daddy freeze,1,daily devotion,1,dangote,7,Dansuki,4,Dapchi Girls,1,dapchigirls,1,Dasuki,3,Davido,40,Dbanj,1,Diezani Alison Madueke,1,dino melaye,7,disaster,4,diy,8,dk odukoya,2,DK Olukoya,1,dollar,1,Don Jazzy,1,Donald Trump,82,drug abuse,1,Drugs,7,Earth Science,6,earthquake,1,Easter,3,ecowas,4,Education,281,EFCC,96,Eid-El-Kabir,6,Ekiti,2,ekiti decides,27,Ekiti Elections,2,Ekiti States,1,el rufai,1,ELECTION,51,Election 2019,1,emenuella,1,Emir Kano,4,Employment opportunities,3,En Son Dakika haberleri,1,enter,1,Entertainement,1,Entertainment,1083,Entertainment Latest News,1,Entertainments,3,Entetainment,2,environment,1,EpicGames,2,epl,5,Ese,1,Essay Competitions,1,EU,1,euro2024,1,Europeaun Commission,1,evans,1,event,4,Events,11,Facebook,7,FACEBOOK TRICKS,5,facebook update,28,fani Kayode,3,Fashion,46,father's day,1,Fayose,5,featured,2,federal government,83,Fellowships,1,femi adesina,1,FG,1,fight,1,finance,74,Finances,1,fitness,3,flavour,1,flood,1,Folorunsho Alakija,1,football,306,football Europa League,1,Foreign,156,Fraud,39,Fuel Scarcity,13,fulani herdsmen,23,Funny,47,FUTURE TECH,16,game,3,gay pastor,2,Ghana,1,gist,69,goo,1,Goodluck Jonathan,1,Google,13,google i/o 2018,1,Google9ja,44,google9ja news,2874,gossip,28,Gov. Amosun,1,Gov. Fayose,28,graduate jobs,1,Graduates,2,Grammy Award,2,Guinness Book Of Record,1,hack,1,HACKERS,6,hajj,1,Headlines,1,Health,134,healthy food,1,Healthy Living,23,hemp,1,herdsmen,5,Hilarious,2,Hip hop,2,history,1,holiday,1,house of reps,2,How to Create a website,1,hushpuppi,1,Ibadan,3,independence,7,INEC,8,inspirational,6,International,1,International Scholarships,3,internet,7,interns,1,Internships,6,interview,2,interviews,1,Investment,1,Investor,1,iphone,17,iphones,2,ipob,1,IS,1,isis,1,israel,2,Israel Palestine crisis,1,JAMB,3,jenifa,8,Jerusalem,2,jibrin,1,Jobs,68,John Terry,1,Jokes,1,Jonathan,1,Jose mourinho,13,justin Timbalake,1,kaduna,20,Kanu Nwakwo,1,Kanye west,1,Kardashian,1,kardashians,1,Kardeshian,1,Kardeshians,1,kelvin hart,1,kelvinhart,1,Kemi olunloyo,1,kidnap,21,kim kardashians,9,kingship,7,Lagos,5,lagos state,49,Lagos train project,1,lai mohammed,3,Lassa Fever,3,Lastest News,2,lat,1,Latest News,971,Latest Nigeria News. Nigerian News. Your online Nigerian Newspaper.,539,latest Nigerian jobs,1,Latests News,1,lawyers,3,Leadership,1,league,2,Life,2,Life style,96,Lifestyle,35,Lifstyle,1,Linda versus Wizkid,1,Linda vrs Wizkid,1,Linda vrs Wizzy,1,Live Update,1,Live Updates,5,lol,13,London,1,Love,18,Manchester United,28,market place,2,Masters Scholarships,1,mbaka,1,mecca,1,mercy Aigbe,3,Mercy Johnson,1,messi,26,mfm prayer points,8,MFM Prayers,14,MFM Sermons,2,mimiko,1,minimum wage,1,miracle prayers,12,MKO Abiola,2,MMM,3,Mobile Phone,1,Model,1,Model United Nations,2,moji olaiya,1,Money,1,monkeys,1,motivation,4,Movie,52,Movies,3,MTN,1,MTN NIGERIA,10,mugabe,1,MUNPlanet,2,Music,16881,NAFDAC,1,Naija,2596,Naija News,1,Naija Entertainment,1,Naija New,4,Naija Newa,1,naija news,1170,naira,1,Naira devaluation,3,Naira evaluation,2,nano technology,1,NBA,3,ncc,1,NCCF,1,new,5,New music,20,New Nigeria,2,News,3800,News Nigeria,34,NewsMusic,1,newspapers,4,Niageria,1,Nicki Minaj,1,Niger Delta Avengers,37,Nigeria,17,Nigeria Air,1,Nigeria Latest News,3,nigerian,21,Nigerian Breaking News,551,Nigerian history,3,Nigerian Jobs,1,Nigerian Latest New,1,Nigerian Latest News,1223,Nigerian Latest News online,2637,Nigerian Music Entertainment,1,Nigerian Newpapers,1,Nigerian News,5,Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.,16212,Nigerian Newspaper,3,Nigerian Newspapers,1,Nigerian police apptitude test,5,Nigerian politics,183,nigerian senate house,13,Nigerian Students,2,Nigerian Super Eagles,29,Nigerians in south-Africa,3,Nih,1,nlc,1,NLC updates,2,nnamdi kanu,8,NNPC,22,Nollyhood,17,Nollywood,3,NOUN,1,NY crash,1,NYSC,19,NYSC updates,15,Obadanjo,1,Obama,5,Obasanjo,20,October 1st,3,OculusRift,1,oil and gas,1,Olamide,3,Olamide baddo,1,Olusegun Obasanjo,1,omg,2,ondo state,3,ONLINE BIZ,5,Online money,1,only in Nigeria,320,Ooni of Ife,6,ooni-ife,1,opinion,1,Orphans,1,orubebe,1,Osinbajo,2,Osun decides,10,oyo state,8,palestine,1,Pastor E. A Adeboye,1,pastor E.A Adeboye,7,pastor T.B joshua,3,paul pogba,1,PDP,4,phon,1,Phones,35,POLITICS,1790,POLİTİCS,1,POLOTICS,2,Postgraduate,1,power,1,Power holding,10,prayer,16,prayer points,5,Prayers,3,premier League,79,president,1,Products,1,proud marry,1,Public hearing,1,quiz,1,quotes,4,rat,1,RCCG,2,recruitment,4,Relationship,29,Relationships,130,Religion,112,Reviews,1,Rihana,2,rio olympics,7,ronaldinho,2,Russia 2018,17,russia2018,4,Samsung galaxy s6,1,Samsung updates,3,Sanusi Lamido Sanusi,1,Saraki,1,Satanists,1,Saudi Arabia,1,Schilarships,1,Scholarahips,1,Scholarships,1606,Scholarships 2018,1,Scholarships for Aricans,1,science,6,Security,74,Senate,2,sex doll,1,Shekau,1,shiites,1,short girls,1,short people,1,smart phones,23,smartphones,2,snake,1,socal media,1,soccer,2,social,46,Social media,1,South Africa,1,spanish league,17,Sport,17,Sporta,2,Sports,820,stolen mace,1,stolenmace,1,Stories,56,Story,1,Strategy,1,student internships,2,STUDY ABROAD,101,Style,3,Success tips,1,Sudan,1,Super Eagles,2,Tech,29,Tech matters,156,Tech News,1,Technology,1,Techs,2,Telecommunication,11,Telecommunications,1,tennis,1,terrorism,1,Test your brain,1,therock,1,TimSweeney,1,tithe,1,tompolo,1,tonto dike,3,Traineeships,1,Travel,7,Trump,3,Turkey,2,Turkieh embassy,1,turkish visa,1,Twitter,2,twitter attacks,14,uganda,1,UK,1,UK News,1,Uncategorized,4,Undergraduate Scholarships,1,Underprivileged Students,1,unemployment,6,United Kingdom,2,Updates,1,US,110,USA,1,usain bolt,1,Useful Hacks,1,UTME,3,vacancy,2,valentine,1,valentine'sday,1,Video,1,Videos,10,viral,1,virallink,4,VirtualReality,2,VISION 2020,7,vr,1,Weird,3,WEIRD NEWS,641,WEİRD NEWS,1,WEIRS NEWS,1,Whatsapp update,2,windows,1,Wired news,2,wizkid,22,wizkid in california,1,world,324,World cup,7,World News,28,World Record,2,World's statistics,1,Yahoo Tech,1,Yaya Toure,1,yemi osinbajo,21,Yobe Girls,1,Yola Girls,1,Yoruba News,1,Youth,7,Youth Opportunities,2,zimbabwe,1,
ltr
item
Google9ja | Entertainment | Nigerian Latest News online: Foodstuffs: Nigerians face price surge amidst CBN plan to redesign Naira
Foodstuffs: Nigerians face price surge amidst CBN plan to redesign Naira
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaxSrNy5Mq29YMQ0VOMB4U7Z3ciayl6d165sEpqqVjvHWJRL4pSetD-jyQd-LG66u44FJsd4OCtctBGEyX32WSYC7veVtGm53aojm6W1enSpt-MFmSzl_esECj1hWnJldJLJefvLiwg25UMoXYL65rFxAvgadPZ4R0o-VKpV_QaYh3ZRzn2XL-WiVwGA/w400-h225/7BE84A8F-99E0-4904-8979-44C4D4E15EB5.png
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaxSrNy5Mq29YMQ0VOMB4U7Z3ciayl6d165sEpqqVjvHWJRL4pSetD-jyQd-LG66u44FJsd4OCtctBGEyX32WSYC7veVtGm53aojm6W1enSpt-MFmSzl_esECj1hWnJldJLJefvLiwg25UMoXYL65rFxAvgadPZ4R0o-VKpV_QaYh3ZRzn2XL-WiVwGA/s72-w400-c-h225/7BE84A8F-99E0-4904-8979-44C4D4E15EB5.png
Google9ja | Entertainment | Nigerian Latest News online
https://www.google9ja.com/2022/11/foodstuffs-nigerians-face-price-surge.html
https://www.google9ja.com/
https://www.google9ja.com/
https://www.google9ja.com/2022/11/foodstuffs-nigerians-face-price-surge.html
true
8173235409350904551
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content