Friday, 29th March 2024
To guardian.ng
Search

The cost of Nigeria’s rising sugar and wheat imports

Asoko Insight says Nigeria imported approximately 5.2 million metric tons of wheat in 2018. Meanwhile, Nigeria is the second largest importer of Sugar in Sub-Saharan Africa with an annual import of 620.6 million dollars as at 2017. Damilare Adesola, Research Analyst at Asoko Insight joins CNBC Africa to discuss the cost of Nigeria’s rising sugar and wheat imports.

In this article

0 Comments

Your email address will not be published. Required fields are marked *

Related

23 Mar
Figures from the National Bureau of Statistics (NBS) in Nigeria show that the country's general inflation rose to 31.70% in February, which represented an increase of 1.80% compared to teh date registered in January.
4 days ago
Boeing's CEO will step down by the end of the year as part of a broader management shakeup at the company, which has been rocked by a series of safety mishaps in recent months.
3 days ago
Nigeria’s Monetary Policy Committee has commenced its second meeting of the year with analysts anticipating a tight monetary policy stance following February’s 400 basis points hike due to inflation risks. How’s the market bracing up for another rate hike?
1 day ago
The Nigerian government says it is investigating the $2.4 billion foreign exchange allocations and forward contracts which the Central Bank of Nigeria flagged as ineligible. Tilewa Adebajo, the CEO of CFG Advisory, joins CNBC Africa for this discussion.
29 mins ago
India has been navigating its relationship with Russia and western allies backing Ukraine. India relies on Russian arms and economic ties to the West. But the country's neutrality has become increasingly frustrating for Ukraine, which seeks India's support.
1 hour ago
The first 100% electric public transport vehicle has been operating for eight months in Cape Verde. Since 2020, the island nation is promoting electric mobility with help from Germany.