CBN To Fund One Million Hectare Rice Farming       Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said the CBN was targeting to fund farmers to cultivate at least one million hectares of farms in the 2020 dry season farming in the...

Rice Farmers Record Bumper Harvest, Promise To Crash Price   Rice buyers should expect a crash in the commodity’s price to about N9,000 per 50kg bag in three weeks’ time as rice farmers record a bumper harvest. Farmers and millers of rice say they will soon flood...

Nigeria Consumes N1.2bn Worth Of Rice Daily — RIFAN Nigeria consumes a minimum of N1.2bn worth of rice every day, the Rice Farmers Association of Nigeria stated on Wednesday. RIFAN said its findings also showed that virtually all rice consumed across the country were cultivated and...

CBN Hasn’t Allocated Forex To Rice Importers Since 2015, RIFAN Says   The Rice Farmers Association of Nigeria (RIFAN) has said since 2015, the Central Bank of Nigeria (CBN) has not allocated any money to fund rice import even as it said at least N1.2bn worth...

Over 70% of Rice in Nigerian Markets are Foreign- Investigations …. Customs, CBN React Despite concrete and visible interventions of the Central Bank of Nigeria (CBN) via the Anchors Borrowers Programme (ABP) on the rice sub-sector of the Nigerian economy, over seventy percent (70%) of rice...

Rice farmers lose N27.5b in Sokoto Over Flood Rice farmers in Sokoto State on Thursday said they have lost an estimated 61,197.5 tonnes of rice valued at N27.5 billion due to flood this cropping season. Alhaji Ibrahim Salihu, the state Chairman of Rice Farmers Association of...