Tag: #EconomicImpact
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COCOA PRICE CRASH PUSHES FARMERS INTO DEBT, DESPAIR
From boom to bust, cocoa farmers across Southwest Nigeria are reeling as prices plunge—leaving many broke, discouraged, and abandoning farms. Cocoa farmers in Ondo, Osun, and Ekiti states are sounding the alarm over a massive crash in cocoa prices—one that has wiped out profits, deepened debt, and triggered fears of a looming crisis in the…
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GULF CRISIS COULD SPIKE FUEL, FOOD PRICES — ECOWAS WARNS NIGERIA, WEST AFRICA
A conflict thousands of kilometres away could soon hit wallets across West Africa. The Economic Community of West African States (ECOWAS) has raised alarm over escalating hostilities in the Gulf region, warning that a prolonged crisis could drive up fuel and food prices in Nigeria and neighbouring countries already grappling with inflation and currency pressures.…
