{
  "schemaVersion": 1,
  "contentDigest": "be7a19a7da6b3be3606827d9052c2436401463f990638dacc512c093f607facf",
  "id": "news-oct22-continued-ng-cbn-h1-food-import-foreign-exchange-119bn-20261019",
  "language": "en",
  "interfaceLanguage": "en",
  "url": "https://voltformer.com/news/ng-cbn-h1-food-import-foreign-exchange-119bn-20261019",
  "slug": "ng-cbn-h1-food-import-foreign-exchange-119bn-20261019",
  "category": "policy-standards",
  "publishDate": "2026-10-19",
  "sourceName": "The Guardian Nigeria",
  "sourceUrl": "https://guardian.ng/business-services/nigerias-food-import-bill-jumps-11-4-to-1-19b-in-h1-spikes-fx-demand/",
  "readingTimeMinutes": 1,
  "tags": [
    "Nigeria",
    "Foreign exchange",
    "Trade",
    "Economic statistics",
    "Food security"
  ],
  "content": {
    "title": "Nigeria’s food-import FX use reaches $1.19 billion in first half",
    "summary": "The reported dollar measure rose year on year, while a separate naira import-value measure declined; the two figures are not a currency conversion.",
    "sections": [
      {
        "paragraphs": [
          "The Guardian reported that the Central Bank of Nigeria’s second-quarter statistical bulletin put foreign exchange used for food imports at $1.19 billion in H1 2026, compared with $1.07 billion a year earlier. The article reported an 11.41% year-on-year increase, or $121.52 million, using the underlying figures; the displayed billion-dollar totals are rounded. The rise in Q2 use outweighed a decline in Q1.",
          "A separate National Bureau of Statistics measure put the naira value of food and beverage imports at ₦3.30 trillion in H1 2026, compared with ₦3.40 trillion a year earlier, a 3.1% decline. The dollar foreign-exchange-use figure and the naira import-value figure are separate statistical measures, not one comparable growth series."
        ],
        "sources": [
          {
            "name": "The Guardian Nigeria",
            "url": "https://guardian.ng/business-services/nigerias-food-import-bill-jumps-11-4-to-1-19b-in-h1-spikes-fx-demand/"
          }
        ]
      }
    ]
  },
  "companies": [],
  "sourceVersion": "dedee8e4aa01a7c22855a6598076e8b62b0bf62bb4a396a572ef8f23eea2e466"
}