Beans, Tomatoes, Rice Record 253%, 123%, 51% Price Hike       The cost of food items in Nigeria has been recording significant increases in the past one year. A survey carried out by our correspondents in markets across Lagos, Ogun and Federal Capital Territory showed that staple food...

CBN, Farmers Set To Reduce Price Of Rice     The Central Bank of Nigeria and the Rice farmers Association of Nigeria have concluded plans to distribute 27,000 metric tonnes of rice paddies directly to millers nationwide on Thursday, to renew their move to address the rising...

Should Senate Tackle Customs for Rice Seizure?, by Zubaida Baba Ibrahim       Despite being Africa’s highest producer of rice, Nigeria spent an average of $4.2bn on its importation. These statistics were the basis on which the ban on rice importation was implemented in 2019. The importation ban...

NCS Dares Senate over Rice Seizure... ...Asks Lawmakers not to usurp court’s powers     THE Nigeria Customs Service (NCS) has told the Senate Committee on Ethics and Privileges to focus on lawmaking and not usurp the powers of other arms of government by interpreting the laws of...

Prices Of Rice, Others Rose In March — NBS       The National Bureau of statistics , NBS, said the prices paid by consumers for rice, eggs, tomato and yam rose in March. This corresponds with the Bureau’s March inflation report which stated that the composite food index...

CBN Intervention Has Crashed Price Of Rice – Emefiele       The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the price per bag of rice has reduced compared to the price it was sold last year during the COVID-19 lockdown in April 2020. He attributed...